The Twins exercised Jason Kubel's $5.25MM option for 2011 and turned down Nick Punto's $5MM option, according to MLB.com's Kelly Thesier (on Twitter).
Kubel posted a .249/.323/.427 line this year and his lowest OPS since 2006. He hit 21 homers, spending most of his time at right field and DH. The 28-year-old would have been a Type A free agent, so Minnesota could have obtained draft picks if Kubel had turned down arbitration to sign elsewhere. As we predicted in August, the Twins chose to retain Kubel for another season.
Punto, 33 next month, batted .238/.313/.302 in 288 plate appearances and played short, second and third. As Thesier pointed out earlier this month, the Twins were not expected to pick up Punto's option. He is not a ranked free agent, so the Twins won't get compensation picks if they offer arbitration and he signs elsewhere. An offer of arbitration for Punto seems extremely unlikely.