Twins finished runner-up in bidding for Hisashi Iwakuma

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Minnesota won the exclusive negotiating rights to Tsuyoshi Nishioka with a $5.3 million bid and eventually signed the Japanese infielder to a three-year, $9.25 million contract, and this afternoon general manager Bill Smith revealed that the Twins also finished runner-up in the bidding for Japanese right-hander Hisashi Iwakuma.

In an interview with Patrick Reusse and Phil Mackey on 1500-ESPN radio, Smith explained that the Twins bid $7.7 million for the negotiating rights to Iwakuma. Oakland blew that number out of the water with their winning $19.1 million bid, but then the A’s were unable to work out a contract with Iwakuma and he returned to Japan angry.

Based on Iwakuma’s reported asking price it seems likely that the Twins also would have balked at his demands, but had the posting fee been $7.7 million instead of $19.1 million it’s possible he would have asked for significantly less money and/or the Twins would have had more room in the total budget for the acquisition to offer him a palatable contract.

Whatever the case, it’ll be interesting to see what happens when Iwakuma is up for bid again next offseason.

Giants sign Drew Smyly to one-year deal

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The Giants announced on Thursday that the club inked pitcher Drew Smyly to a one-year contract. As Alex Pavlovic of NBC Sports Bay Area notes, the contract is of the major league variety.

Smyly, 30, split last season between the Rangers and Phillies with a stint with the Brewers in between. He did not appear in a major league game with the Brewers. In aggregate, Smyly posted a 6.24 ERA with 120 strikeouts and 55 walks over 114 innings.

Smyly will vie for a spot at the back of the Giants’ starting rotation. If he doesn’t make the cut, he could work out of the bullpen. Pitching in the spacious confines of Oracle Park should help Smyly, who gave up 19 homers in Texas and 13 in Philly last season in more hitter-friendly parks.