Nov 5, 2010, 10:15 AM EDT
Last night the Blue Jays traded a player to be named later to the Rockies for catcher Miguel Olivo, and then less than two hours later they made Olivo a free agent by declining his $2.5 million option for 2011.
That may sound crazy considering Toronto had to pay Olivo a $500,000 buyout, but as Jordan Bastian of MLB.com explains it was actually a pretty shrewd move by general manager Alex Anthopoulos.
Olivo is a Type B free agent, which means the Blue Jays are now in line to receive a compensatory draft pick if he declines their offer of arbitration and signs elsewhere. Assuming that happens, they basically just bought a draft pick between the first and second rounds for $500,000 and a PTBNL.
- Giants rout Royals 11-4 in Game 4 to even up the World Series at 2-2 14
- Mike Trout, Giancarlo Stanton win the Hank Aaron Award 1
- World Series, Game 4: Royals vs. Giants lineups 1
- Report: Rays owner Stuart Sternberg has discussed moving the team to Montreal 62
- Dave Dombrowski on Miguel Cabrera: “It’s worse than what we ever would have anticipated” 33
- World Series Reset: Can the Giants even things up? 4
- Behind strong bullpen, Royals edge Giants 3-2 to take a 2-1 World Series lead 36
- Paul Konerko, Jimmy Rollins named co-winners of the Roberto Clemente Award 4
- Shocker! Joe Maddon to opt out of his contract and leave the Rays (143)
- Erroneous Narrative Alert: no, the Giants are not a “gritty,” anti-stats organization (122)
- Pedro Martinez has some opinions about who the new “face of baseball” is (112)
- PANTY RAID! Homeland Security agents confiscate unlicensed Kansas City Royals underwear (109)
- The World Series ratings are low. So what? (106)