Koji Uehara turned down deal to Blue Jays, but still likely to be traded by Rangers

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Koji Uehara exercised his limited no-trade clause by turning down a trade to the Blue Jays earlier this week, but T.R. Sullivan of MLB.com reports that there’s still “a pretty good chance” the Rangers will end up dealing the 35-year-old reliever.

Uehara struggled after coming over from the Orioles in a July 30 deal for Chris Davis and Tommy Hunter, but he was excellent for the previous one-and-a-half seasons and is owed a reasonable $4 million in 2012.

Texas has no shortage of bullpen options and immediately lost faith in Uehara, but he could help plenty of teams as a setup man after posting a 2.56 ERA and incredible 140/14 K/BB ratio since switching to the bullpen full time in 2010.