Report: Twins sign Lance Lynn

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Free agent right-hander Lance Lynn has agreed to a one-year, $12 million deal with the Twins, per multiple reports from Jon Heyman of FanRag Sports and MLB Network’s Jon Morosi. The contract includes an additional $2 million in potential performance bonuses, bringing the total estimated value to $14 million. The club has yet to confirm the signing.

Lynn, 30, was originally pegged to receive something in the neighborhood of a four-year, $50+ million contract this offseason. Morosi points out that the righty received richer offers from multiple teams, but “preferred the fit” in Minnesota and believed in the Twins’ chances of contending in 2018. It’s also worth noting that the Twins had allegedly reached out with a two-year, $20 million offer last month, one that he ultimately refused in hopes of securing a longer commitment and higher annual value.

Lynn completed a six-year stint with the Cardinals in 2017, pitching to an 11-8 record in 33 starts with a 3.43 ERA, 3.8 BB/9 and 7.4 SO/9 in 186 1/3 innings. It was a strong showing from the right-hander, who underwent Tommy John surgery in November 2015 and was shelved through the entirety of the 2016 season. When healthy, however, he’s consistently turned in sub-4.00 ERAs and 3.0+ fWAR from year to year, and figures to feature prominently in a four-man rotation that already includes right-handers Jose Berrios, Jake Odorizzi and Kyle Gibson.

Gallegos agrees to $11M, 2-year contract with Cardinals

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ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed Monday to an $11 million, two-year 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 Monday 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.