Rockies extend reliever Rafael Betancourt’s contract

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Rafael Betancourt will be a full-time closer for the first time this season at age 36 and today the veteran right-hander agreed to a contract extension with the Rockies.

Betancourt’s old contract pays $4 million this season and included a $4.25 million mutual option or $250,000 buyout for 2013, but Enrique Rojas of ESPN Deportes reports that the new deal converts that option into a $4.25 million guarantee and adds a $4.25 million option for 2014.

Or, put another way: Colorado exercised his 2013 option in advance and tacked on a new option for 2014, which is quite a commitment to make to a 36-year-old who hasn’t even thrived in the closer role full time yet. With that said, Betancourt has consistently been among the best setup men in baseball for the past decade and certainly showed no signs of slowing down last season, throwing 62 innings with a 2.89 ERA and 73/8 K/BB ratio while moving past Huston Street in the bullpen hierarchy.

Athletics DFA Liam Hendriks

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The Oakland A’s have designated reliever Liam Hendriks for assignment.

Hendriks got blown up for four runs on four hits — two homers — in an inning of work yesterday and the A’s have apparently seen enough. It’s been a rough go if it all around, really, as he’s posted a 7.36 ERA over 13 appearances.

Hendriks, who appeared in 70 games last season, signed a one-year deal last winter to avoid arbitration. The deal is for $1.9 million, so anyone claiming him off of waivers or trading for him will owe him a bit over half of that. Given the durability the eight-year veteran has shown in previous seasons that’s not out of the question, but his ineffectiveness this year, combined with a groin problem that caused him to miss some time, may give suitors pause.