Padres exercise $7.5 million option on Joaquin Benoit

AP Photo/Tony Gutierrez
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San Diego has exercised its $7.5 million club option on veteran reliever Joaquin Benoit, the club announced Tuesday evening. In that same announcement comes word that Clint Barmes‘ $2 million option has been declined.

Benoit posted a cool 2.34 ERA, 0.90 WHIP, and 63/23 K/BB ratio in 65 1/3 innings this past season for the Padres, tallying two saves and 36 holds.

$7.5 million might seem like a hefty price tag for a setup man — especially one who is 38 years old with declining swing-and-miss rates — but the option came with a $1 million buyout so this was essentially a $6.5 million decision for the San Diego front office.

Benoit could move into a more prominent role in 2016 if the Friars trade closer Craig Kimbrel over the offseason. There has been some outside chatter about that.