Written by Maury Brown
Wednesday, 31 October 2012 14:10
Oct 31, 3:37pm ET - Rays update
Oct 31, 3:15pm ET: With the Hot Stove already in full swing, clubs and players are engaged in exercising contract options. Here’s an update
- The New York Mets have exercised their club option on R.A. Dickey for 2013 at $5 million. The club continues to work on potential multi-year extensions for both Dickey and David Wright.
- The Baltimore Orioles have exercised their club option on Luis Ayala for 2013 for $1 million
- The Kansas City Royals have declined their club option on Joakim Soria, who now becomes a free agent. Soria had a $750,000 buyout clause as part of his deal on the option year.
- Rafael Soriano has opted out of his final year with the New York Yankees and is now a free agent.
- The Cleveland Indians exercised their club option on Ubaldo Jimenez for 2013 for $5.75 million
- The Cleveland Indians have declined the club option for Travis Hafner who is now a free agent.
- The Cleveland Indians have declined the club option for Roberto Hernandez who is now a free agent.
- The Tampa Bay Rays have exercised their club option on RHP James Shields for the 2013 season for $9 million. The Rays have one more option year on Shields’ contract for 2014 that if exercised would be $7 million, or a $2 million buyout.
- The Tampa Bay Rays have exercised their club option on RHP Fernando Rodney for the 2013 season for $2.5 million.
- The Tampa Bay Rays have exercised their club option on C Jose Molina for the 2013 season for $1.8 million.
- The Tampa Bay Rays have declined their $6 million club option on DH Luke Scott for the 2013 season. Scott has a $1 million buyout clause and is now a free agent.
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More updates as they become available.
Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He writes for Baseball Prospectus and is a contributor to Forbes. He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).
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