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.

Report: Rangers sign Jordan Lyles to two-year, $16 million deal

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The Athletic’s Ken Rosenthal reports that the Rangers and pitcher Jordan Lyles have agreed to a contract. ESPN’s Jeff Passan provided the details, reporting that it is a two-year, $16 million deal.

Lyles, 29, split last season between the Pirates and Brewers, performing much better with the latter. Overall, he compiled a 4.15 ERA with a 146 strikeouts and 55 walks across 141 innings. It was a return to full-time starting for Lyles, who had performed mostly as a reliever from 2016-18.

The Rangers also inked Kyle Gibson to a three-year, $30 million contract last week. Gibson and Lyles will join a rotation that also includes Mike Minor and Lance Lynn as well as youngster Kolby Allard.