Rays get creative in re-signing reliever Joel Peralta

19 Comments

Tampa Bay and Joel Peralta have made official what was first reported two weeks ago, announcing a two-year, $6 million contract that also includes $2.5 million team options for 2015, 2016, and 2017.

Rarely do you see two-year contracts include multiple option years, let alone more option years than the initial length of the contract, but the Rays are nothing if not creative.

In this case it seems like the 37-year-old Peralta is happy to stay in one place after bouncing around early in his career and basically said: “You give me some decent money right now and you can control me for however long I’m still a worthwhile pitcher.”

Tampa Bay grabbed Peralta off the scrap heap after he was released by Washington and over the past two seasons he’s given them 135 innings with a 3.27 ERA and 145/35 K/BB ratio for a combined price of $3 million.