Rays re-sign Juan Carlos Oviedo

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The Rays have re-signed reliever Juan Carlos Oviedo, formerly known as Leo Nunez, reports Mark Topkin of the Tampa Bay Times. The right-hander hasn’t pitched in the Majors since 2011 with the Marlins.

Oviedo will turn 32 years old on March 15. He was signed by the Rays prior to the start of the 2013 season even though he was recovering from Tommy John surgery. He missed the entire season and threw all of three pitches in 2012 — 2.2 innings with Single-A Jupiter and 0.1 innings with Triple-A New Orleans.

Braves sign reliever Will Smith to three-year, $39 million contract

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The Braves announced on Thursday that the club has inked lefty reliever Will Smith to a three-year, $39 million contract with a club option for the 2023 season worth $13 million. Smith received a qualifying offer worth $17.8 million from the Giants, so he opted for a lower average annual value for a longer contract.

Smith, 30, was an All-Star last season with the Giants, finishing with 34 saves, a 2.76 ERA, and a 96/21 K/BB ratio across 65 1/3 innings. Across parts of seven seasons in the majors, he has a 3.53 ERA.

Smith, the top free agent left-handed reliever, will join a strong Braves bullpen which already includes Mark Melancon, Shane Greene, and Sean Newcomb.