Nov 5, 2010, 10:15 AM EST
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.
- Hector Olivera’s camp denies any damage to ulnar collateral ligament 3
- UPDATE: Hunter Pence out 6-8 weeks with fracture in left forearm 21
- MLBPA: leaks are from people “who want to see Josh Hamilton hurt personally and professionally” 20
- Suspending Josh Hamilton for a year would be obscene 145
- Report: MLB panel split on rehab for Josh Hamilton; one-year suspension is in play 45
- Joc Pederson goes 2-for-2 in Cactus League debut 6
- Braves scratch Mike Minor from start with more shoulder problems 6
- Daniel Murphy on Billy Bean: “I do disagree with the fact that Billy is a homosexual” 373
- Daniel Murphy on Billy Bean: “I do disagree with the fact that Billy is a homosexual” (374)
- Suspending Josh Hamilton for a year would be obscene (145)
- Curt Schilling lowers the boom on some men tweeting threats against his daughter (137)
- That facts of Josh Hamilton’s case should not be a matter of public record (94)
- Billy Bean responds to Daniel Murphy’s comments (90)