Rays re-sign reliever Joel Peralta to two-year deal

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Joel Peralta will be staying in Tampa Bay, as the free agent reliever and the Rays have agreed to a two-year, $6 million contract with a team option for 2015.

Peralta signed with the Rays in 2011 after the Nationals cut him loose despite excellent numbers the previous season and has logged 135 innings with a 3.27 ERA and 145/35 K/BB ratio in two seasons for Tampa Bay. During that time he’s been a bargain at a combined cost of $3.1 million.

Giving a multi-year deal to a 37-year-old is definitely a risk, but the price is certainly right and Peralta is coming off a season in which he posted by far the best strikeout rate of his career at 11.3 per nine innings and he was exceptional in the second half.