Blue Jays Acquire Miguel Olivo, Decline Option

10:48pm: The Blue Jays have declined the option on Olivo, according to a team press release.  Toronto will be responsible for paying Olivo's $500K buyout and the catcher is now a Type B free agent.

9:15pm: The Rockies have traded catcher Miguel Olivo to the Blue Jays in exchange for cash considerations or a player to be named later, according to a press release from Toronto.

The Blue Jays have until midnight to decide whether to exercise Olivo's $2.5MM option for 2011.  The veteran is a Type B free agent, meaning that he could potentially net the Blue Jays a compensatory draft pick if they decline the option, offer arbitration, and see him decline to sign elsewhere.  Shi Davidi of The Canadian Press tweets that the Blue Jays could potentially wind up with eight picks inside of the top 50 selections in this year's draft.  Toronto may get two picks for Scott Downs, two for Jason Frasor, and one each for John Buck, Kevin Gregg, and Olivo in addition to their own.

It would seem that the Blue Jays now have a glut of catchers as Olivo will join fellow backstops J.P. Arencibia and Jose Molina in Toronto.  On the surface it doesn't seem as though there is a spot left for Buck, whom GM Alex Anthopoulos told could still have a place in Toronto.

Just short of the deadline, Colorado informed Olivo that they would not pick up his option for 2011, writes Troy Renck of The Denver Post.  Renck reported yesterday that the Rockies were likely to wait until the eleventh hour to make a decision on Olivo to give themselves time to make a trade.  Even if they had decided to exercise the catcher's option, he reportedly wouldn't have returned to Colorado as they planned to trade him either way.

The move clears the way for Chris Iannetta behind the plate though Renck writes that the Rockies will bring in competition.  By trading Olivo, the Rockies avoid having to pay the veteran a $500K buyout.


Leave a Reply

170 Comments on "Blue Jays Acquire Miguel Olivo, Decline Option"


Dave_Gershman
4 years 9 months ago

Whoa. Didn’t see this one coming. #theregoestheJPera

Encarnacion's Parrot
4 years 9 months ago

They’re just gearing up for Rasmus.

Dave_Gershman
4 years 9 months ago

I’m not going to say I agree with that, but thats a really, really good point. Especially with the catching depth in the system…

The reason I said I dont know if I agree with that, is because I don’t think Rasmus is going anywhere, but What about Matt Kemp or B.J. Upton to the Jays for some package centered around J.P.?

Maybe J.P., Drew Permisson, Joel Carreno, and Drew Hutchinson for Upton or Kemp?

Encarnacion's Parrot
4 years 9 months ago

I was actually being sarcastic, but when you really think about it, it actually could make some sense.

Dave_Gershman
4 years 9 months ago

Either way, good move by AA.

It’s either…

1. A draft pick, and we all know how that turned out for the Jays in the recent draft…Pretty darn awesome…

2. Or a J.P. Arencibia trade while his value is as high as it is.

Encarnacion's Parrot
4 years 9 months ago

I’d stay away from Upton, but Kemp utalizes his tools a little better. Only issue is 170 strikeouts *cough*.

Dave_Gershman
4 years 9 months ago

I hate to change the subject to Kemp, but all of these Dodgers players, in my opinion, are rated too high by management and given crazy comparisons and expectations which is why some of them struggle. And I am really talking about Kemp, Loney, and Martin…Imagine the pressureless situation in Toronto + Kemp? That would be awesome for he and the Jays…Much like Yunel not hearing “you don’t try hard enough or whatever and look what he did? Brandon Morrow and his expectations? Goes to Toronto and pitches great. You know?

Encarnacion's Parrot
4 years 9 months ago

The player comes in and is given the opportunity to play their game without much scrutiny.

If Escobar did that behind-the-back flip force out in a Braves uniform, Cox would have had a stroke out of anger!

I actually haven’t heard any comparisons to Kemp, but he should be a .850 25 SB player with adequate OF defense. Dodgers would be selling low on him too, which helps.

Dave_Gershman
4 years 9 months ago

All of the talk from Colleti kind of ruined Kemp’s season. I’m just being honest. He came out of the gates hitting until mid-april when he made several bad plays and heard it from Colleti and then on ESPN, MLBN, and everywhere else. What does that do to a player?

Toronto is pressureless and fun. I could see him thriving there.

vtadave
4 years 9 months ago

Not gonna happen. Kemp has a solid relationship with Mattingly from what I understand, and there’s no way the Dodgers sell that low on him. Arencibia is a solid prospect, but that swap does nothing to improve an offense that isn’t very good to begin with.

vtadave
4 years 9 months ago

Not gonna happen. Kemp has a solid relationship with Mattingly from what I understand, and there’s no way the Dodgers sell that low on him. Arencibia is a solid prospect, but that swap does nothing to improve an offense that isn’t very good to begin with.

4 years 9 months ago

toronto wont be so pressureless as the jays continue to improve. the city is so starved for a decent sports team that they will likely jump all over any of their teams who look like they have a ghost of a chance of making the playoffs. and their media can be nasty.

Hoosierdaddy92
4 years 9 months ago

look what happened with Alex Rios. As soon as He LEFT Toronto, he got good

Sniderlover
4 years 9 months ago

No he didn’t. He was still crap with CWS for the rest of season and then had a good year after a fresh start to the season.

Encarnacion's Parrot
4 years 9 months ago

Actually, Rios was still offensively garbage in 2010. His May OPS was 1.106, when in the other months his OPS’s were .796, .760, .735, .712, .645. He’s still useless and overpaid as of right now.

4 years 9 months ago

Not really. His 2010 season was pretty similar to his 2008 season. The Blue Jays gave him that contract expecting him to be as good or better then he was in 06 and 07.

Hoosierdaddy92
4 years 9 months ago

look what happened with Alex Rios. As soon as He LEFT Toronto, he got good

4 years 9 months ago

toronto wont be so pressureless as the jays continue to improve. the city is so starved for a decent sports team that they will likely jump all over any of their teams who look like they have a ghost of a chance of making the playoffs. and their media can be nasty.

Dave_Gershman
4 years 9 months ago

All of the talk from Colleti kind of ruined Kemp’s season. I’m just being honest. He came out of the gates hitting until mid-april when he made several bad plays and heard it from Colleti and then on ESPN, MLBN, and everywhere else. What does that do to a player?

Toronto is pressureless and fun. I could see him thriving there.

jwsox
4 years 9 months ago

more likely kemp or rasmus i highly doubt they trade one of their top prospects who has huge potential in their own division/ i doubt the rays would trade upton in the division on the off chance that he decides he is going to play like he wants to again

Dave_Gershman
4 years 9 months ago

Not sure man each player has a different “if” about him. We’ll see but I expect the Jays to just get a draft pick and send Emaus or cash or something like that over to the Rox in 1 hour and 34 minutes.

Hoosierdaddy92
4 years 9 months ago

upton is a free agent after next season, he will play hard this year so he can get a fat contract

The_Silver_Stacker
4 years 9 months ago

It would not surprise me to see Kemp moved this winter, especially involving any team that misses out on Crawford

Dave_Gershman
4 years 9 months ago

Amen to that. Keep an eye on Chris Young as well.

Dave_Gershman
4 years 9 months ago

Amen to that. Keep an eye on Chris Young as well.

dizzle4
4 years 9 months ago

I’m confused. Can’t the Jays still decline Olivo’s option and get the Type B compensation?? Did Anthopoulos just figure out a way to trade for a draft pick? Or is JP Arencibia on the move?

4 years 9 months ago

That’s what I was thinking as well.

Dave_Gershman
4 years 9 months ago

According to Jordan Bastian: “Jays have until midnight to pick up or decline Olivo’s option. He’s a Type B, so declining would make him worth an extra draft pick.”

So you’re right. Either, or.

4 years 9 months ago

Thanks dude. It’s kind of like in the NHL where a soon-to-be free agent is traded for a draft pick.

TheBunk
4 years 9 months ago

Yeah that would be wacky. I doubt it would happen though, seems like it would strain the relationship with Colorado as a future trading partner, unless AA and the Colorado GM(blanking on a name) already decided on essentially a money for pick type deal. Still, that’s just spitballing.

vtadave
4 years 9 months ago

How would that strain the relationship? Colorado certainly knows that the Jays have several catching candidates and they are/were well aware that Olivo could net a pick.

ze3
4 years 9 months ago

First trade surprise of the offseason? Nice

jwsox
4 years 9 months ago

Why would they do this move unless he is geared to be the back up for arencibia/ in case he is not fully ready yet….or could they really be making a move for rasmus or another player?

4 years 9 months ago

they were thrown in on olivo rumors a lot last year too.. hmmm, if only we had access to AA’s thought process lol… its gonna be an eventful off season

Keith Y
4 years 9 months ago

The Jays can still decline the option and get a draft pick. (He’s a Type B)
Shrewd move by AA.
If this works out, he just traded cash or a middling player (PTBNL) for a prospect and I do not doubt the Jays scouting department

0bsessions
4 years 9 months ago

The more info comes out, the more of a fleecing this looks like. The Blue Jays just essentially bought a supplemental pick in an incredibly strong draft class for what likely amounts to peanuts.

jwsox
4 years 9 months ago

Anyone else surprised by the fact that the blue jays and Rockies were the first trade partners of the mlb off season…

braincapers
4 years 9 months ago

Not really jwsox, A.A has mentioned he’s wants to work the trade route.

nelson_c
4 years 9 months ago

So Rockies are giving away a good chance at a sandwich round pick to save $500k?

mkorpal
4 years 9 months ago

It was looking unlikely they were going to offer arbitration.

boy9988
4 years 9 months ago

The only way Olivo nets a draft pick is if he declines the arbitration offer from Colorado. The Rockies must have been convinced that Olivo would have accepted it. In which case they would have to buy out his option for 500k and let him go. This way, they got $X from the Jays and Toronto takes the risk of him accepting.

mkorpal
4 years 9 months ago

Good the the Rockies. They save 500K and get something back for a player who was not going to be playing here next year anyway.

4 years 9 months ago

Wouldn’t have declining his option + offering arbitration and gaining a draft pick been better though?

I wonder if that’s what AA has in mind here with this deal….

mkorpal
4 years 9 months ago

it was unlikely they would offer arbitration.

jwredsox
4 years 9 months ago

Not if the Rockies felt there was a chance he could accept arb. and it depends on the PTBNL.

Sniderlover
4 years 9 months ago

Lol… good move I suppose depending on PTBNL.

Man AA keeps catching us off guard.

iains
4 years 9 months ago

considering the buy out cost, I’m guessing there isn’t much going the other direction. I’ll bet a box of donuts AA just bought a draft pick

Keith Y
4 years 9 months ago

if its PTBNL or cash, the player will be just some middling prospect whos been stuck in the minors and hasnt put up pretty numbers
thats usually how those players stack up when their names are finally announced

Keith Y
4 years 9 months ago

if its PTBNL or cash, the player will be just some middling prospect whos been stuck in the minors and hasnt put up pretty numbers
thats usually how those players stack up when their names are finally announced

0bsessions
4 years 9 months ago

Dude’s got to have dirt on the rest of the MLB, first the Gonzalez trade, now this?

I’m expecting to see the Sox trade Jose Iglesias and cash for Vernon Wells in the next week at this pace.

Sniderlover
4 years 9 months ago

Don’t forget the Morrow trade, that was a steal as well.

TheBunk
4 years 9 months ago

Best thing about this trade? We’ll know AA’s intentions within an hour and a half.

Dave_Gershman
4 years 9 months ago

Speak for yourself, Spanny needs his beauty sleep.

vtadave
4 years 9 months ago

Love the first-person talk. :-)

vtadave needs sleep too.

Dave_Gershman
4 years 9 months ago

Good night Dave. Get to bed.

Just Keeping it real.

Dave_Gershman
4 years 9 months ago

Good night Dave. Get to bed.

Just Keeping it real.

vtadave
4 years 9 months ago

Love the first-person talk. :-)

vtadave needs sleep too.

dizzle4
4 years 9 months ago

One thing I wonder, though – would Olivo reject arbitration? Do you think he could find a deal better than 1-year/$2.5M through free agency? I mean, he had a decent year, but I don’t think teams will be running to his door with contracts.

Dave_Gershman
4 years 9 months ago

I think a starting job will play a factor here.

dizzle4
4 years 9 months ago

Good point

Dave_Gershman
4 years 9 months ago

You had a better point. Thanks Diz

dizzle4
4 years 9 months ago

Good point

TheBunk
4 years 9 months ago

Not the end of the world if he accepts though. I don’t think that AA thinks every one of his free agents to be will decline arbitration but he’s hedging his bets by stock piling them.

Dave_Gershman
4 years 9 months ago

and keep in mind that if Olivo AND Buck accept arb, the Jays would have 4 catchers on their roster.

Keith Y
4 years 9 months ago

I don’t think that a catcher coming off a career year (and all star) will simply accept a one year deal…

Sniderlover
4 years 9 months ago

Literally no chances Buck accepts arb considering he had a great year and could get more money and a multi-year deal on the open market. He is also a Type B instead of A and makes him one attractive option.

4 years 9 months ago

and possibly guarantee himself a starting job somewhere.

Dave_Gershman
4 years 9 months ago

and keep in mind that if Olivo AND Buck accept arb, the Jays would have 4 catchers on their roster.

dizzle4
4 years 9 months ago

Tracy Ringolsby is reporting that the Marlins have interest in Olivo, but were waiting for the Rockies to decline his option/release him. Could AA eat part of the cost of the option and flip Olivo to the Marlins? Just a thought.

Dave_Gershman
4 years 9 months ago

Along with Zach Stewart for Leo Nunez?

dizzle4
4 years 9 months ago

I was thinking the Jays might be able to grab Andrew Miller away from them, who is out of options with the Marlins. But I’m not sure if he’d cost more than Olivo and some cash. Nunez would be very interesting, and I don’t think it would take adding Stewart to grab him.

Dave_Gershman
4 years 9 months ago

A la Ronny Paulino remember? Yeah Miller would be a good idea.

Dave_Gershman
4 years 9 months ago

A la Ronny Paulino remember? Yeah Miller would be a good idea.

Dave_Gershman
4 years 9 months ago

Well whatever the case…Something big might happen within the hour. Be prepared!

Sniderlover
4 years 9 months ago

I would not give up a potential #2 starter for a closer.

Such an overrated position.

4 years 9 months ago

Why would the Jays traded a superior arm in Stewart for Nunez?

Dave_Gershman
4 years 9 months ago

Zach Stewart isn’t a superior arm and Nunez is much better than everyone makes him.

4 years 9 months ago

Why would the Jays traded a superior arm in Stewart for Nunez?

bonestock94
4 years 9 months ago

This is confusing, you have to think another catcher trade will follow.

bonestock94
4 years 9 months ago

This is confusing, you have to think another catcher trade will follow.

4 years 9 months ago

They could want Olivo to mentor Jp then trade Olivo like the Giants did with Molina. JP would probably start the season as1b/backup catcher.

Dave_Gershman
4 years 9 months ago

Jose Molina is already there.

moonraker45
4 years 9 months ago

maybe molina will be used to fill the hole at third

Dave_Gershman
4 years 9 months ago

Jose Molina is already there.

4 years 9 months ago

They could want Olivo to mentor Jp then trade Olivo like the Giants did with Molina. JP would probably start the season as1b/backup catcher.

AllYourBaseAreBelongToUs
4 years 9 months ago

I think this is a backup plan in case JPA somehow regresses a bit next year with a full season in the bigs. They possibly get draft picks from Buck, and get another catcher who has some pop in his bat to replace Buck to keep the catching tandem solid.

BobbyJohn
4 years 9 months ago

As a Rockies fan the timing of this confuses me.

It is my understanding that O’Dowd has interest in trading for Mike Napoli and/or pursuing Victor Martinez via free agency. My question is, what happens if you don’t land either of those guys? Now you’re heading into the season with Chris Iannetta as your #1 catcher and pretty much nobody wirth mentioning in back of him.

On Toronto’s end, if they decline the option and then offer arbitration in an effort to get the compensatory pick, what if he accepts arbitration? At the very worst he would get something similar to the $2.5 million he made last year, and would likely get a smallish raise to around $3 million.

This deal really doesn’t make any sense to me.

dizzle4
4 years 9 months ago

I don’t see much risk from the Jays end though – they should be able to trade/give-away Olivo (or Molina if they’d prefer) at that salary.

BobbyJohn
4 years 9 months ago

I suppose that’s why it didn’t make any sense for me from the Rockies’ end of things. At $2.5 million, based on what Olivo offers at and behind the plate, you’d think they would have kept him by picking up the option and THEN traded him if they acquired Martinez or Napoli.

I guess we’ll know the Jays’ intentions shortly, eh?

dizzle4
4 years 9 months ago

Yeah, it’s true… should be an interesting next 15 minutes or so. It really doesn’t make sense from the Rockies perspective to me. Perhaps there’s a decent prospect going back to them, but I can’t imagine, if it’s cash they’re getting, that it would be that much, as anything over $1M needs to be approved by the Commissioners office, which we haven’t heard has taken place. I can’t imagine the Rockies would give up a draft pick though just to save $500K on the buyout, or something like that. Very interesting stuff.

dizzle4
4 years 9 months ago

Yeah, it’s true… should be an interesting next 15 minutes or so. It really doesn’t make sense from the Rockies perspective to me. Perhaps there’s a decent prospect going back to them, but I can’t imagine, if it’s cash they’re getting, that it would be that much, as anything over $1M needs to be approved by the Commissioners office, which we haven’t heard has taken place. I can’t imagine the Rockies would give up a draft pick though just to save $500K on the buyout, or something like that. Very interesting stuff.

dizzle4
4 years 9 months ago

I don’t see much risk from the Jays end though – they should be able to trade/give-away Olivo (or Molina if they’d prefer) at that salary.

BobbyJohn
4 years 9 months ago

As a Rockies fan the timing of this confuses me.

It is my understanding that O’Dowd has interest in trading for Mike Napoli and/or pursuing Victor Martinez via free agency. My question is, what happens if you don’t land either of those guys? Now you’re heading into the season with Chris Iannetta as your #1 catcher and pretty much nobody wirth mentioning in back of him.

On Toronto’s end, if they decline the option and then offer arbitration in an effort to get the compensatory pick, what if he accepts arbitration? At the very worst he would get something similar to the $2.5 million he made last year, and would likely get a smallish raise to around $3 million.

This deal really doesn’t make any sense to me.