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.
Ken Rosenthal and Josh Tolentino of The Athletic report that Rays starter Blake Snell has switched agencies, going from Apex Baseball to Boras Corporation. Snell is currently signed to a five-year, $50 million contract and will be under contract through 2023.
Snell found himself in hot water two weeks ago when he said on his Twitch stream that he wouldn’t risk his life to play baseball during a pandemic while receiving significantly reduced pay. Some described Snell as tone deaf for saying, “I gotta get my money. I’m not playing unless I get mine, okay?”
Boras represents many of baseball’s highest-paid players, including Gerrit Cole and Bryce Harper. Snell is not likely to win over any of the people he recently irritated by appearing to go after more money by hiring the highest-profile agent. What often goes unsaid is that players have a very limited window in which to use their elite athletic skills to make money.
Snell won the 2018 AL Cy Young Award, going 21-5 with a 1.89 ERA and a 221/64 K/BB ratio over 180 2/3 innings. He did not have nearly the same success last year, going 6-8 with a 4.29 ERA and a 147/40 K/BB ratio in 107 innings.