Royals decline $7.5 million option on Joakim Soria

14 Comments

Joakim Soria missed the entire season following Tommy John elbow surgery and today the Royals declined their $7.5 million option on the once-elite closer, making him a free agent.

Soria will hit the open market after receiving a $750,000 buyout, although Bob Dutton of the Kansas City Star reports that it’s possible the Royals will re-sign him at a lower salary.

Soria was one of the best relievers in baseball from 2007-2011, saving 160 games and throwing 315 innings with a 2.40 ERA and 9.7 strikeouts per nine innings. He may have to settle for an incentive-laden one-year contract, although if a team wants to take the risk of offering Soria a multi-year they could end up getting a huge bargain in the 28-year-old right-hander.