The Rangers signed Colby Lewis to a contract extension

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A few minutes ago the Texas Rangers announced that they signed Colby Lewis to a one-year extension. It has a $2 million base salary with incentives that could make it up to $6 million.  He made $3.25 million in 2012.

Sounds like a win-win, inasmuch as Lewis was facing free agency apocalypse, what with his 2012 season ending with an elbow injury back in July. Having a one-year deal with a team likely to give him a starting job next year will help him set up for another crack at the market in 2014.  Meanwhile, the Rangers get a quality starter back without having to take a long-term gamble and not having to pay much more than they did this year.

Lewis was 6-6 with a 3.43 ERA with 93 strikeouts in 105 innings in 16 starts before shutting it down.

White Sox shut down Lucas Giolito for remainder of season

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The Athletic’s James Fegan reports that the White Sox are shutting down starter Lucas Giolito for the remainder of a season. An MRI revealed a mild lat strain, which typically comes with a three- to four-week recovery timetable. The third-place, 65-84 White Sox have nothing left to play for, so it makes sense to play it safe with their prized young hurler.

Giolito, 25, had a breakout season. He went 14-9 with a 3.41 ERA and a 228/57 K/BB ratio in 176 2/3 innings. He made his first All-Star team and will likely earn a few downballot votes for the AL Cy Young Award.

Giolito was scheduled to start Tuesday’s series opener against the Twins. Ross Detwiler will start in his place opposite Martín Pérez.