Oct 31, 2012, 12:48 PM EDT
However, because he’s still an arbitration-eligible player Reynolds does not simply become an outright free agent. Instead, as Brittany Ghiroli of MLB.com reports, the Orioles have until November 30 to decide if they want to offer him arbitration.
If they do that, he’d likely get a raise on this year’s $7.5 million salary, but perhaps to a lesser amount than the $11 million option. If instead they non-tender Reynolds the 29-year-old slugger will hit the open market with a $500,000 buyout.
Reynolds would be an interesting free agent because despite hitting just .213 during the past three seasons and striking out as much as any hitter in baseball he’s never posted an OPS below .750 and has 35-homer power. In a weak year for first basemen it wouldn’t be surprising to see him get a multi-year deal from a team in need of right-handed power.
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