The Rays have exercised their $2.5MM team option on right-hander Joel Peralta for the 2015 season, MLBDailyDish.com’s Chris Cotillo reports (Twitter link). Earlier today, CBS Sports’ Jon Heyman reported that the Rays were likely to pick up Peralta’s option and bring the 38-year-old back for his fifth season in Tampa. Peralta is represented by Mark Gilling.
Peralta, 38, has been a reliable relief arm out of the Rays bullpen since 2010, posting a 3.58 ERA, 9.8 K/9 and 3.49 K/BB rate and averaging 67 innings per season. He was somewhat unlucky to post a 4.41 ERA in 2014 given that he had strong peripherals (10.52 K/9, 2.13 BB/9) and an impressive set of ERA indicators (3.40 FIP, 3.11 xFIP, 2.54 SIERA).
Peralta would seem to be well worth the $2.5MM price tag, though there was some speculation that the Rays could decline the option given their limited payroll and a 40-man roster crunch. Tampa Bay also holds club options on Peralta for 2016 and 2017 (each worth $2.5MM) as per the original two-year contract he signed prior to the 2013 season.