Indians president Mark Shapiro expects to sign a closer soon

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Paul Hoynes of The Plain Dealer reports that Indians president Mark Shapiro expects to sign a new closer soon. After releasing Chris Perez at the end of October, the Indians are currently without a closer and prefer to bring in one from outside rather than promote Cody Allen or Bryan Shaw.

Hoynes writes that the Indians have reportedly made a two-year offer to Joaquin Benoit and have also targeted John Axford, Grant Balfour, and Fernando Rodney. Ken Rosenthal of FOX Sports clarified, saying that the Indians are focused on Axford. Axford was non-tendered by the Cardinals as he was expected to make close to $5 million in arbitration. Since an impressive 2011 season with the Brewers which put him at the back end of NL Cy Young balloting, the right-hander has posted a 4.35 ERA in 134.1 innings.

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.