Astros sign Matt Albers

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Houston’s payroll keeps skyrocketing! OK, maybe not quite, but Ken Rosenthal of FOXSports.com reports that the Astros have signed free agent reliever Matt Albers to a one-year, $2.45 million contract.

Two weeks ago there was a report about Albers already having at least one multi-year offer, but it’s possible the 30-year-old right-hander preferred to play in his hometown of Houston. His one-year deal includes a $3 million team option for 2015.

Albers was actually drafted by the Astros in 2001 and debuted with Houston in 2006 before moving on to pitch for five different teams. This year he had a 3.14 ERA and 35/23 K/BB ratio in 63 innings for the Indians and Albers was even better in 2012.

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.