Jason Giambi, Rockies agree to exercise 2012 mutual option

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From beat writer Troy Renck of the Denver Post comes word that the Rockies and Jason Giambi have agreed to exercise the backup first baseman’s $1 million mutual option for 2012.

Giambi might have been able to fetch a slightly more fruitful salary on the open market after slugging 13 home runs and tallying 32 RBI in just 131 at-bats this season, but he’s comfortable out in Colorado and seems to have embraced his part-time role behind starting first baseman Todd Helton.

Giambi has earned over $131 million in his 17-year major league career. We’re guessing that money alone no longer drives his decisions.

Report: Dodgers, Orioles to complete Manny Machado trade

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The Orioles and Dodgers are expected to finally complete involving SS/3B Manny Machado, ESPN’s Jerry Crasnick reports. The Orioles will receive five prospects from the Dodgers. We’ll have more details about the other players involved later.

Machado, 26, is in the final year of his contract, so this is currently a rental for the first-place Dodgers. Machado ended the first half batting .315/.387/.575 with 24 home runs, 65 RBI, 48 runs scored, and eight stolen bases in 413 plate appearances. In Los Angeles, he will handle shortstop, allowing Chris Taylor to move over to second base.