Tyler Colvin elects free agency

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After passing through waivers and being outrighted off the Rockies’ 40-man roster last month, Tyler Colvin is now free to sign with any team. According to Matt Eddy of Baseball America, the 28-year-old has elected free agency.

Colvin was a first-round pick of the Cubs back in 2006 and hit .290 with 18 homers and an .858 OPS in 136 games for the Rockies last season, but he batted just .160/.192/.280 with three homers and 27 strikeouts in 27 games at the major league level this year. And while he hit .275 with nine homers and an .857 OPS in 67 games at the Triple-A level, those numbers must be taken with a grain of salt due to the hitter-friendly environment.

Colvin owns a 26.3 percent strikeout rate in the majors and hasn’t solved left-handing pitching, but he has real pop in his bat and his poor 2013 can be blamed in part on a back injury which sidelined him for a long stretch during the second half. He figures to generate plenty of interest as a buy-low type.

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

Atlanta Braves v St. Louis Cardinals
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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.