12:19pm: Guerrier can opt out of his deal on May 8, tweets LaVelle E. Neal III of the Star Tribune. Financial terms remain the same as in Guerrier's prior deal, tweets Mike Berardino of the St. Paul Pioneer Press. He will earn $1MM while on the MLB roster and could earn up to $1MM more through incentives, with $250K bonuses triggered upon his 45th, 50th, 55th, and 60th appearances.
11:29am: The Twins have re-signed reliever Matt Guerrier after releasing him yesterday, reports MLB.com's Rhett Bollinger (Twitter links). The new deal includes an opt-out clause earlier than the June 1 date from his old contract, Bollinger adds.
By releasing and re-signing Guerrier, Minnesota avoided paying him a $100K retention bonus to stash him in the minors. The 35-year-old righty had hoped to find a big league opportunity elsewhere, but presumably was unable to do so.