This comes as a bit of a surprise.
Tracy Ringolsby of FOXSports.com reported Wednesday that the Rockies declined catcher Miguel Olivo’s $2.6 million option for 2011 and that the veteran would enter this offseason as a free agent. That report was apparently incorrect.
The Denver Post’s Troy Renck just tweeted that Olivo has been traded to the Blue Jays for a player to be named later. And it has now been confirmed by multiple outlets, including Ringolsby.
Toronto will enter 2011 with a logjam of three catchers — Olivo, Jose Molina and J.P. Arencibia. John Buck is a free agent and is expected to move on in search of a lucrative multi-year contract.
It seems likely that Olivo will be the starter, Molina will be the backup and the 24-year-old Arencibia will be shipped to Triple-A to start the season. If the youngster continues to make progress, the Jays can move Olivo for a prospect in July and shuffle the depth chart accordingly.
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- Mark - Nov 4, 2010 at 11:27 PM
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Actually the thinking in Toronto is that they decline Olivo’s option and when he accepts arb the Jays get his B pick. That’s what most of the guys following the team are saying.
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- terryindallas - Nov 5, 2010 at 2:23 AM
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Very clever. Toronto essentially just bought themselves another draft pick in a very strong draft class.
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- proudlycanadian - Nov 5, 2010 at 9:12 AM
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The Jays have released Olivo. They want the sandwich round draft pick.
