The Tigers announced that they have exercised their 2012 club option for Jose Valverde. The 33-year-old will earn $9MM next year instead of becoming a free agent (his contract did not include a buyout).
Valverde posted a 2.24 ERA with 8.6 K/9, 4.2 BB/9 and a 42.9% ground ball rate in 72 1/3 innings in 2011. He converted all 49 of his save opportunities and led the American League in saves and appearances. His average fastball checked in at 93.9 mph, down from 95.2 mph in 2010. Valverde, who signed a two-year, $14MM contract with Detroit after the 2009 season, projected as a Type A free agent this offseason.
Dan Mennella examined the fantasy baseball implications of the move at CloserNews.com, your source for fantasy updates on MLB relievers.