UPDATE: Twins, Matt Capps come to terms on one-year, $4.75 million deal

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9:10 p.m. EST update: Capps will earn $4.5 million in 2012, according to ESPN 1500’s Darren Wolfson. The option is worth $6 million and includes a $250,000 buyout.

6:55 p.m. EST update: Capps and the Twins have a deal for one year with an option for 2013, Danny Knobler of CBS Sports reports.

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Matt Capps will likely re-sign with the Twins, a source tells Steve Popper of the Bergen Record.

While no one else is confirming the news, it could be telling that the Red Sox are now out of the hunt for Capps, according to Scott Lauber of the Boston Herald.

A Capps-Twins reunion seemed highly unlikely a few months ago, what with Capps routinely getting booed off the mound on his way to blowing nine saves during a rough 2011 season. He did pitch somewhat better late in the year as a setup man for Joe Nathan, but he was never dominant at any point. More discouraging than his 4.25 ERA was the fact that he fanned just 34 batters in 65 2/3 innings. He struck out 59 in 73 innings for Washington and Minnesota in 2010.

Capps, though, is a better fit in Target Field than he would be most anywhere else. He gives up a lot of long flyballs, but most of those turn into outs in Minnesota and he hardly ever walks anyone. It’d still probably make more sense for the Twins to take the draft pick they’d get with his departure and go sign Octavio Dotel instead, but Capps probably will pitch somewhat better in 2012.

Angels sign Cody Allen to a one year, $8.5 million deal

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Ken Rosenthal of The Athletic reports that the Angels and reliever Cody Allen are in agreement on a one-year contract, pending a physical. The value of the contract is not yet known. UPDATE: Per Rosenthal, the deal is done at one year, $8.5 million.

Allen, 30, was looking for an opportunity to close and the Angels can certainly provide that. He will likely be the favorite to break camp as the closer. 2018 was the roughest year of his career, however, as he finished with a 4.70 ERA, 27 saves, and a 80/33 K/BB ratio in 67 innings. Among Allen’s six full seasons, his 27.7 strikeout rate and 11.4 percent walk rate represented career-worsts. FanGraphs also shows him losing nearly a full MPH on his average fastball velocity.

The Angels lost closer Keynan Middleton to Tommy John surgery early last season and he likely won’t return until the second half of the 2019 season. Blake Parker, who handled save situations in Middleton’s place, was non-tendered by the Angels in November and ended up signing with the Twins. The closer’s role is Allen’s to lose, it seems.