White Sox claim Mike Olt off waivers from the Cubs

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Mike Olt will hope for better luck on the South Side, as the White Sox announced this afternoon that they have claimed the former top prospect off waivers from the Cubs. He’ll be added to the major league roster.

Olt was designated for assignment by the Cubs this week after the team acquired Austin Jackson from the Mariners. The 27-year-old appeared in seven games with the Cubs in April before going down with a hairline fracture in his right wrist. He has played exclusively in the minors since returning to full health, batting .265 with nine home runs and a .793 OPS over 59 games with Triple-A Iowa.

Olt owns .158/.245/.333 batting line over 314 plate appearances in the majors, so he’s running out of chances to make an impact, but he has landed in a pretty good situation. The White Sox could give him a look at third base down the stretch.

Brewers sign Freddy Peralta to a multi-year deal

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Ken Rosenthal reports that the Milwaukee Brewers have agreed to a five-year $15.5 million deal with pitcher Freddy Peralta. There are two club options as well, which would nearly double the overall value of the contract if exercised.

Peralta, who turns 24 in June, has amazing stuff. He has struggled so far, having posted a 4.79 ERA in 163.1 major league innings across two seasons, but people who follow him closely believe that he’s primed for a breakthrough. For now he’s a reliever — he’ll likely be a multi-inning fireman for the 2020 season — but he has was mostly a starter in his rookie year before assuming swingman duties last season. He could become one again if things break right in his development. Sort of a Brandon Woodruff track.

If that happens the Brewers will, quite obviously, have a bargain on their hands. If not, at least Peralta has some security on his.