Heyman | Twins agree to 2-year deal with Addison Reed

Sep 5 2017 Boston MA USA Boston Red Sox relief pitcher Addison Reed pitches during the eighth inning against the Toronto Blue Jays at Fenway Park. Mandatory Credit Bob DeChiara-USA TODAY Sports

As far as we can tell, history was made on Saturday as the Minnesota Twins agreed to sign right-handed reliever Addison Reed to a two-year deal. Jon Heyman of FanRag Sports said the deal was for two years and $16.75 million.

For conext, Wade Davis was widely believed to be the top available reliever on the free agent market this winter, and he signed a contract worth $52 million over 3 years - or roughly $17.3 million per season.

In Reed, the Twins are getting a hard-throwing righty who has plenty of closing experiencing.

Reed made 77 appearances for the Red Sox and New York Mets in 2017, going 2-3 with 19 saves, 15 holds and a 2.84 ERA.

The 29-year-old began the year with the Mets but was traded to the Red Sox at the trade deadline. There's value in simply not walking people, but it's worth noting that Reed's 24% strikeout rate was exactly 50th among N.L. relievers a year ago.

What Reed lacks in electric stuff, he makes up for in durability. Previous year he allowed 1.3 homers per nine innings, which was on the high side. He figures to be the Twins' regular closer after the team dealt Brandon Kintzler to the Washington Nationals last season.

The Athletic first reported the Twins' agreement with Reed, which is pending completion of a physical exam.

Like baseball? Find Derek on Facebook.

Related News:

  • Confidence in Signet Jewelers (NYSE:SIG) Shares by RBC Capital Fall

    The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, November 11. (NYSE:RMD) rating on Tuesday, October 4. Finally, ValuEngine raised shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Monday, October 2nd.

    McKesson (MCK) Rating Lowered to Hold at ValuEngine

    Barclays Capital maintained Brookfield Renewable Partners L.P. (TSE:BEP.UN) on Friday, February 3 with "Equal-Weight" rating. Steward Partners Investment Advisory LLC acquired a new position in shares of McKesson in the 3rd quarter worth $247,000.

    American Eagle Outfitters (AEO) Shares Sold by California State Teachers Retirement System

    AEO is now overvalued by 0.57% relative to the average 1-year price target of $17.41 taken from a group of Wall Street Analysts. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $960.86 million.
  • Illinois Tool Works (ITW) Cut to

    Illinois Tool Works (ITW) Cut to "Market Perform" at BMO Capital Markets

    Davidson Kempner Capital Mgmt Ltd Partnership holds 0.96% or 900,000 shares. (JWN) stake by 22.34% reported in 2017Q3 SEC filing. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business.

    Wynn Resorts, Limited (NASDAQ:WYNN) Holdings Lowered by Allianz Asset Management GmbH

    The returns on assets were 0.30% that gives an idea about how efficient management is at using its assets to generate earnings. Whereas, in last 21 trading days (one month) was climbed 2.82% and surged in last 63 trading days (quarter) of 13.97%.

    Nuance Communications (NASDAQ:NUAN) Rating Reiterated by Oppenheimer

    CRM's financial leverage ratio is 0.98, which indicates that the company's asset base is primarily funded by equity capital. The software maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05.
  • Earnings Clues on Infinera Corporation (INFN), ZIOPHARM Oncology, Inc. (ZIOP) Analyst's Predictions

    The stock of Infinera Corporation (NASDAQ: INFN ) has "Buy" rating given on Wednesday, June 14 by M Partners. (NASDAQ:PEP). Piper Jaffray Companies started coverage on shares of Infinera Corporation in a research note on Thursday, January 19th.
    PPO Under Sign on Shares of Clovis Oncology Inc (CLVS)

    PPO Under Sign on Shares of Clovis Oncology Inc (CLVS)

    It is negative, as 67 investors sold UNP shares while 490 reduced holdings. 95 funds opened positions while 408 raised stakes. Media stories about Clovis Oncology (NASDAQ: CLVS ) have trended somewhat positive this week, according to Accern Sentiment.
    Wal-Mart Stores (NYSE:WMT) Receives News Impact Score of 0.18

    Wal-Mart Stores (NYSE:WMT) Receives News Impact Score of 0.18

    However, 4.45% over the last one month, 28.62% for the last quarter and year to date performance stands at 2.90%. (NYSE: WMT ). Zacks Investment Research downgraded Wal-Mart Stores from a "buy" rating to a "hold" rating in a research report on Saturday.
  • Defender Yerry Mina Joins FC Barcelona From Palmeiras

    Defender Yerry Mina Joins FC Barcelona From Palmeiras

    Gerard Pique, Samuel Umtiti and Thomas Vermaelen are all firmly ahead of the Colombian in the pecking order. I'm going to work to bring something to the best players in the world.

    Graphic Packaging Holding Company (GPK) And Insider Trading Activity

    The stock of Graphic Packaging Holding Company (NYSE: GPK ) has "Buy" rating given on Wednesday, September 2 by Vertical Research. New York-based Blackrock has invested 0.01% in Graphic Packaging Holding Company (NYSE: GPK ). 74,617 are held by Citigroup.

    Cubist Systematic Strategies LLC Lowers Position in Penske Automotive Group, Inc. (PAG)

    Finally, looking back over the past year-to-date, Penske Automotive Group, Inc. 66 funds opened positions while 193 raised stakes. Canada Pension Plan Investment Board raised its position in shares of Penske Automotive Group by 100.0% in the 2nd quarter.


Most liked

Best of #CES2018: LG 2018 C-Series OLED
In other words, aside from its ridiculous size, The Wall is as close to the flawless new TV as we've seen so far from any brand. In other words, aside from its ridiculous size, The Wall is as close to the ideal new TV as we've seen so far from any brand.

Maxine Waters Calls to Impeach Trump Over Immigration Remarks
"I can not in all good conscience be in a room with what he has said about so many Americans", Lewis said on MSNBC Friday. Trump is scheduled to deliver the annual address January 30.

Citizen scientists discover five super-Earth exoplanets using Kepler data
Department of Energy, the Japanese Monbukagakusho, the Max Planck Society, and the Higher Education Funding Council for England. Using these data, the team was able to measure the sizes of the planets transiting, or passing in front of, their host stars.

Will 2018 Be Berkshire Hathaway's Best Year Yet?
Todd Combs and Ted Weschler, the two investment managers that Berkshire hired in recent years, will be the chief stock pickers. Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon.

JAMB Sets Dates For 2018 UTME
The JAMB registrar also banned the use of wristwatches, biros, pencils and other devices from the examination hall. These prohibitions are not only applicable to the candidates but to all examination officials.

Failure to strike deal with European Union 'could cost 500000 jobs'
A no-deal Brexit could cause the United Kingdom to lose half a million jobs and almost £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London , Sadiq Khan .

Yuvraj Singh, Gautam Gambhir, Chris Gayle, among 1122 registered for IPL Auction
Thirty-six players, including the likes of in-form Yuzvendra Chahal and Rashid Khan, un-retained stars R. Surprisingly, two players from US and one player from Scotland have also registered for the IPL auction.

Returning Djokovic can't wait to relight the fire
Nadal nearly claimed a second Australian Open title past year , only to be edged by Roger Federer in a thrilling final. That is giving Djokovic some hope. "I'm hoping that it can be 100 per cent at the start of the tournament".

Raiders to hire Tom Cable as O-line coach
Back in 2003 the Lions were fined $200,000 for not interviewing a minority candidate for their head coaching position. Known for his feisty sideline demeanor, Gruden admitted he has some "unfinished" business with the Raiders.

False ballistic missile alert goes out in Hawaii
Residents of Hawaii were thrown into a panic Saturday morning after an emergency alert was sent warning of a ballistic missile threat.

Chipotle Mexican Grill, Inc. (CMG)
NetScout Systems, Inc.'s Average Earnings Estimate for the current quarter is $0.27, according to consensus of 7 analysts. The insider now holds 4,780 shares of Chipotle Mexican Grill , Inc. (NYSE:CMG), 11 have Buy rating , 5 Sell and 28 Hold.

Allianz Asset Management GmbH Cuts Stake in EXACT Sciences Co. (EXAS)
It improved, as 59 investors sold HD shares while 562 reduced holdings. 118 funds opened positions while 346 raised stakes. Oppenheimer Asset Mngmt reported 3,177 shares or 0% of all its holdings. 203,145 are held by Dimensional Fund Advsrs L P.

Prisons DG: We made a decision to disallow Dr M's Anwar visit
Dr Mahathir was on Sunday announced as the opposition prime minister candidate and this was to have been his first visit to the PKR de facto leader.

Buys 35056 Shares of Helmerich & Payne, Inc. (NYSE:HP)
Ontario Teachers Pension Plan Board reported 22,049 shares or 0.01% of all its holdings. (NYSE:HP) rating on Friday, July 28. The average Wall Street analyst rating for Helmerich & Payne, Inc.is Hold, according to the average of 20 analyst scores.

Bristol-Myers Squibb Co (BMY) Position Reduced by Broderick Brian C
According to their observations and findings, the stock could provide a high EPS of $0.73/share and a low EPS of $0.63/share. Glendon Capital Management Lp decreased Cf Inds Hldgs Inc (CF) stake by 6.11% reported in 2017Q3 SEC filing.