The Blue Jays have signed Edwin Encarnacion to a three-year, $27 million deal

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Big news from north of the border: the Toronto Blue Jays have signed Edwin Encarnacion to three-year, $27 million deal. It kicks off next season and runs through 2015. There is a $10 million club option for 2016.

Encarnacion is having a career year, hitting .295/.382/.565 with 23 homers and 58 RBI.  The home run total is already a career high. His career high in RBI is 76 and he should surpass that too. He’s 29 years-old.

This is a good deal in my view. It’s not a price that suggests that the Jays are expecting 150 OPS+ production from Encarnacion for the next three years.  Indeed, Mark Reynolds will make more over the next two years of his deal than Encarnacion will make over the first two years of his and Mark Reynolds is terrible.

Seems like a solid deal for a guy with an above average bat who just may put up another significantly above average season or two over the next few years.  It also takes a potential trade target for many teams off the market.

Cubs acquire Jesse Chavez from Rangers

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The Cubs announced on Thursday evening that the club acquired pitcher Jesse Chavez from the Rangers in exchange for minor league pitcher Tyler Thomas.

Chavez, 34, has pitched out of the bullpen for the Rangers this season, compiling a 3.51 ERA with 50 strikeouts and 12 walks across 56 1/3 innings. The veteran right-hander inked a one-year, $1 million deal with the Rangers in February, so the Cubs are on the hook for the prorated remainder — a little less than $600,000.

Thomas, 22, was selected by the Cubs in the seventh round of the 2017 draft. The lefty has made 14 starts and one relief appearance for Single-A South Bend, putting up a 2.88 ERA with an 81/14 K/BB ratio in 75 innings.