A lot of relievers are getting three-year deals. That’s a bit scary.

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UPDATE: Cameron expands on his analysis of multi-year deals for relievers here.

6:09 AM: It always takes a while for teams to turn to the bullpen during the offseason, but when they do, they tend to do it all at once. And it was certainly a big day for relief pitcher signings and rumors yesterday. Matt Guerrier, Kerry Wood and Jesse Crain signed. There’s action on Bobby Jenks and Octavio Dotel. I’m sure this will continue for a while.

Of particular note: Crain and Guerrier signed three-year deals.  As did Joaquin Benoit and Scott Downs recently. Three-year deals for relievers seem kind of nuts to me given how up-and-down almost every reliever’s performance tends to be. I hadn’t realized how up-and-down until I saw this tweet from Dave Cameron yesterday:

List of relievers who have signed 3+ year deals since 2006 and been worth the money: Rivera. That’s it. That’s the list.

He means free agent relievers, not necessarily young ones locked up by their teams during arbitration years such as Joakim Soria, but it’s still a pretty startling observation.  And even though Cameron doesn’t define “worth the money” in his tweet, it’s hard to come up with a single non-Mariano exception to the observation, even if you’re generous about what “worth” is.

The Jayson Werth deal signaled that baseball’s recent run of relative austerity was over.  The fact that setup guys are getting three-year deals like this is pretty darn good supporting evidence.

Report: A’s trying to finish deal for Jeurys Familia

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The Athletics appear to be closing in on a deal for Mets’ right-hander Jeurys Familia, according to reports from ESPN’s Buster Olney. Nothing has been finalized just yet, however, as the Mets confirmed that they would not be announcing a trade tonight and Ken Rosenthal of The Athletic points out that other teams may still be in the mix for Familia’s services. It’s not clear what the A’s would be giving up in any potential deal for the reliever.

Familia, 28, has been pitching well this season. He currently sports a 2.88 ERA, 3.1 BB/9 and 9.5 SO/9 through 40 2/3 innings — across-the-board improvements from his last run with the Mets in 2017 — and has racked up 17 saves to boot. He’s due another $3 million for the remainder of 2018, and Rosenthal adds that the club is willing to throw some cash in the deal in order to guarantee a better return for the closer.

While the A’s have one of the better bullpens in the American League, sitting seventh-best with a 3.50 ERA and 2.8 fWAR, they still have a ways to go in order to overtake the Mariners and Astros for a postseason berth by season’s end. Familia’s contract expires at the end of the year, but he should provide enough short-term value to give the A’s the boost they need.