Blog Entry

Jays acquire Olivo, decline option

Posted on: November 4, 2010 10:14 pm
Edited on: November 8, 2010 9:12 am
Miguel Olivo The Rockies have traded catcher Miguel Olivo to the Blue Jays for a player to be named, the Denver Post 's Troy Renck reports (via Twitter ).

The Rockies had a $2.5 million option and expexted to decline it if they didn't work out a trade. Olivo hit .269/.315/.449 with 14 home runs in 2010. Olivo had a hot start, hitting .325/.377/.548 with 11 home runs before the All-Star break and .193/.225/.313 after the break.

The move saves Colorado the $500,000 buyout of his option.

UPDATE: As's Jordan Bastain points out (via Twitter ), the Jays have until midnight to pick up Olivo's option, and that's not a given.

UPDATE: Bastain was all over it. As he reports (on Twitter ), the Jays declined the option on Olivo. Olivo is a Type B free agent, so the Blue Jays may have picked up seven picks for the 2011 draft with two Type A (Jason Frasor, Scott Downs) and three Type B (Kevin Gregg, John Buck, Olivo) free agents.

-- C. Trent Rosecrans

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Since: Feb 11, 2008
Posted on: November 5, 2010 7:14 pm

Jays acquire Olivo, decline option

Hopefully this link helps to explain how this works -

Alex Anthopolous, clearly had a plan in place- one which I over looked yesterday- to trade a player top be named later, essentially for the rights to talk to Olivo, clearly they weren't going to sign a contract. By acquiring his services even for a day the Blue Jays get a draft pick next season. Essentially replacing the one that they would lose if they didn't/don't resign John Buck.

Since: Apr 6, 2007
Posted on: November 5, 2010 8:27 am

Jays acquire Olivo, decline option

How does trading for Miguel Olivio, then declining his contract option, give the Blue Jays a draft pick?

Since: Feb 11, 2008
Posted on: November 4, 2010 11:40 pm

Jays acquire Olivo

I haven't read anything yet, but this seems like a preemtive strike to acquire a veteran power hitting catcher to offset the departure/imminent departure of incumbent John Buck.

It seems odd, because the Jays have J.P Arrencibia in the minors, to want to "acquire"Olivo.  I think the absolutely strangest part is that the Jays actually resigned Jose Molina to be the back up catcher. I suppose this shows that the Jays don't completely trust JP behind the plate just yet.

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