Heard this: The Rays have agreed to terms with reliever Joel Peralta, for about $900,000. The deal is not completed...
Tommy Rancel was the first to mention Joel Peralta as a buy-low candidate after he was non-tendered by the Nationals, and he's been on our radar ever since. Here is Rancel's look at Peralta over at The Process Report:
With 49 strikeouts in 49 innings, he sported a nice round K/9 of 9.00. In addition to the excellent strikeout rate, he walked just nine batters in his 39 appearances. He was one of just four relief pitchers in the big leagues to boast a K/9 greater than 9.00 and a BB/9 less than 1.75. One of the others was the recently departed Joaquin Benoit.
While Peralta's ERA last season was unsustainably low (2.02 ERA, thanks to a .219 BABIP and 85% LOB%), he still had excellent peripheral statistics (3.02 FIP) and is coming to the Rays at a bargain price. He's essentially a much cheaper version of Dan Wheeler: a flyball pitcher that has also historically been much more effective against right-handed batters (3.57 FIP) than against lefties (5.67 FIP).
The bargain-hunters strike again. Despite all the turnover, Andrew Friedman seems well on his way to crafting yet another cheap and effective bullpen.