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Twins Sign Matt Capps
The Twins announced today they've re-signed reliever Matt Capps to a one-year deal with a club option for 2013. According to an AP report, the deal will pay Capps $4.5MM in 2012 and includes a $6MM option for 2013. With a $250K buyout on the option, Capps is guaranteed $4.75MM. He's represented by Wasserman Media Group.
Capps was acquired by the Twins in July of 2010 at the high price of Wilson Ramos, and enjoyed a successful final two months of the season, posting a 2.00 ERA and saving 16 games. He was less effective in 2011, with a 4.25 ERA and by far the lowest K/9 mark of his career (4.7). For fantasy analysis on the signing, check out Bryan Grosnick's latest at CloserNews.
In late November as part of the collective bargaining agreement, Capps was downgraded from a Type A free agent to Type B, and it was decided the Twins would not have to offer him arbitration to receive a supplemental draft pick in return. So, re-signing him comes at an extra cost, since they would have gotten a free, unexpected draft pick by letting him leave.
Jon Heyman and Steve Popper originally broke news of the agreement Monday. Tim Dierkes contributed to this post.
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