Mets sign Frank Francisco for two years, $12 million

9 Comments

10:15 p.m. EST update: Gulp. FOXSports.com’s Jon Paul Morosi states that the deal is worth $12 million over two years. Apparently, the Mets didn’t get the note that there are more closers available than teams needing them.

10:10 p.m. EST update: Jon Heyman confirms the original report from Newsday’s Ken Davidoff. No word on terms yet, though $4 million per season is a pretty good guess.

///

Who knew the Mets would suddenly turn into the busiest team of the winter meetings?

The team has rebuilt its bullpen on the fly tonight, inking Frank Francisco to a two-year deal mere minutes after signing Jon Rauch for one year and picking up Ramon Ramirez in a swap of center fielders Angel Pagan and Andres Torres.

Francisco almost certainly will be the closer in the group, with Rauch, Ramirez and Bobby Parnell battling for seventh- and eighth-inning duties.

Francisco, 32, had a 3.55 ERA and 17 saves in 21 chances for the Blue Jays last season. Talented but injury-prone, he’s thrown 60 innings just once since debuting with the Rangers in 2004. He has, however, struck out 368 batters in 334 career innings and posted a sub-4.00 ERA four straight seasons.

Oakland Athletics reverse course, will continue to pay minor leaguers

Getty Images
3 Comments

Susan Slusser of the San Francisco Chronicle reports that Oakland Athletics owner John Fisher has reversed course and will continue to pay minor leaguers. Fisher tells Slusser, “I concluded I made a mistake.” He said he is also setting up an assistance fund for furloughed employees.

The A’s decided in late May to stop paying paying minor leaguers as of June 1, which was the earliest date on which any club could do so after an MLB-wide agreement to pay minor leaguers through May 31 expired. In the event, the A’s were the only team to stop paying the $400/week stipends to players before the end of June. Some teams, notable the Royals and Twins, promised to keep the payments up through August 31, which is when the minor league season would’ve ended. The Washington Nationals decided to lop off $100 of the stipends last week but, after a day’s worth of blowback from the media and fans, reversed course themselves.