Twins ink Glen Perkins to three-year, $10.3 million extension

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Minnesota and reliever Glen Perkins have agreed to a three-year, $10.3 million contract extension that includes a team option for 2016.

Perkins, who avoided arbitration with a one-year, $1.55 million deal this season, was under team control via arbitration again for 2013 and then would have been a free agent.

By signing him the Twins pre-pay for that final arbitration season and buy out his first two seasons of free agency while giving themselves an option for his third free agent year. It’s a sizable commitment to a 29-year-old pitcher with a 4.41 career ERA and just one season of experience as a reliever, but Perkins added several miles per hour to his fastball in 2011 and logged 62 innings with a 2.48 ERA and 65/21 K/BB ratio.

He’s slated to be Minnesota’s setup man this season, but the extension makes it possible for the Twins to eventually slide Perkins into the closer role without worrying about how racking up saves would have caused his arbitration figure to rise dramatically. Instead he’ll be paid like a setup man through 2015 or 2016, although Joe Christensen of the Minneapolis Star Tribune reports that the extension does include incentives for games finished that would up his salary if he indeed becomes a closer.

Last week another left-handed setup man, Sean Marshall, agreed to a three-year extension with the Reds worth $16.5 million, but he has a longer track record of bullpen excellence than Perkins, was making twice as much in 2011 via arbitration, and was also one season closer to free agency.

UPDATE: Christensen has the year-by-year breakdown. Perkins gets $2.5 million in 2013, $3.75 million in both 2014 and 2015, and the 2016 option is $4.5 million or a $300,000 buyout.

Jim Crane thought the heat over sign-stealing would blow over by spring training

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The Astros’ sign-stealing story broke in November, a steady drumbeat of coverage of it lasted through December and into January, when Rob Manfred’s report came out about it. The report was damning and, in its wake, Houston’s manager and general manger were both suspended and then fired.

After that a steady stream of media reports came out which not only made the whole affair seem even worse than Manfred’s report suggested, but which also suggested that, on some level, Major League Baseball had bungled it all and it was even worse than it had first seemed.

Rather than Manfred and the Astros putting this all behind them, the story grew. As it grew, both the Red Sox and Mets fired their managers and, in a few isolated media appearances, Astros’ players seemed ill-prepared for questions on it all. Once spring training began the Astros made even worse public appearances and, for the past week and change, each day has given us a new player or three angrily speaking out about how mad they are at the Astros and how poorly they’ve handled all of this.

Why have they handled it so poorly? As always, look to poor leadership:

Guess not.

In other news, Crane was — and I am not making this up — recently named the Houston Sports Executive of the Year. An award he has totally, totally earned, right?