Kyle Lohse “is almost certain to sign with a team soon”

8 Comments

Ken Rosenthal of FOXSports.com dropped this tidbit into a lengthy article about Zack Greinke: “Kyle Lohse, sources say, is almost certain to sign with a team soon.”

Nothing beyond that in terms of where or for how much, but Lohse is the last of the unsigned free agents with draft pick compensation attached after Michael Bourn signed with the Indians and Rafael Soriano signed with the Nationals.

Lohse, like Bourn and Soriano, is represented by agent Scott Boras, who’s shown once again that remaining unsigned for a long time doesn’t mean there isn’t significant interest and, eventually, a significant contract to be had.

Yesterday general manager Mike Rizzo downplayed speculation that the Nationals could make a run at Lohse and the Cardinals have given zero indication that they’re interested in re-signing him.

Gallegos agrees to 2-year, $11M contract with Cardinals

Atlanta Braves v St. Louis Cardinals
Getty Images
0 Comments

ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.