Giants exercise Jeremy Affeldt’s $5 million option

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The Giants are looking at a pretty expensive 2012 bullpen after locking up two of this year’s top free agent left-handed relievers on Sunday.

Hours after agreeing to terms with Javier Lopez on a two-year, $8.5 million contract, the Giants exercised fellow southpaw Jeremy Affeldt’s $5 million option for 2012.

Affeldt would have received a $500,000 buyout had the Giants declined the option.

Here’s the salary breakdown for the Giants’ top six relievers in 2012:

Brian Wilson: $8.5 million
Affeldt: $5 million
Lopez: $4.25 million
Santiago Casilla: $2.6 million*
Ramon Ramirez: $2.8 million*
Sergio Romo: $1.5 million*

The last three are all eligible for arbitration, so those salaries are approximates. Nonetheless, the Giants are looking at spending about $25 million on their top six relievers next year.

Affeldt, 32, bounced back from a disappointing 2010 to finish with a 2.63 ERA and a 1.15 WHIP in 61 2/3 innings last season. However, he missed the last three weeks with a cut on his right hand suffered in an accident involving a knife and a box of frozen hamburgers.

Indians to sign Tyler Clippard

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Jon Heyman reports that the Indians are signing Tyler Clippard to a minor league deal. He’ll make $1.75 million if he makes the big league roster.

Clippard, a 12-year veteran who just turned 34, pitched in 73 games for the Blue Jays last year, posting a 3.67 ERA and a K/BB ratio of 85/23 in 68.2 innings. It was a nice bounce back year for him after he spent 2017 bouncing among three different teams in the course of a below average campaign.

With the departures of Andrew Miller and Cody Allen, and the elevation of Brad Hand to the closer’s role, Terry Francona will be looking for all the mid-innings help he can get in the Indians’ pen. Clippard could fit that bill.