Economy

Cardinals make qualifying offer to Lance Lynn, release Trevor Rosenthal

Trevor Rosenthal, the fireballing but oft-injured St. Louis reliever, is a Cardinal no more.

This comes as no surprise because Rosenthal underwent Tommy John surgery back in August and will miss the entire 2018 season as a result.

A right-hander, Lynn hadn't pitched for St. Louis since the end of the 2015 season.

The qualifying offer to Lance Lynn is for one year and $17.4 million, which is the mean salary of the league's 125 highest-paid players. It came after he reclaimed the closer's job from Seung Hwan Oh earlier last season after Oh struggled.

Having a draft pick attached to his signing may suppress Lynn's market value somewhat, but given the relatively shallow market for starting pitching, he is expected to secure a lucrative deal. He would have been a free agent next year. He is expected to reject the $17.4 million offer and become a free agent, though he has until November 16 to decide.

The team also outrighted infielder Alex Mejia and catcher Alberto Rosario off the team's 40-man major league roster.



Like this

loading...
loading...

Latest


07 November 2017
Satya Nadella interacts with Microsoft employees in Hyderabad
Hyderabad-born Nadella, who took over as CEO of tech giant in 2014, also spoke about his journey in the company. The Tamil and Telugu editions, will be available in print in bookstores from November 7.

07 November 2017
Salvation Army Assisting Community Members With Christmas Costs
The bells will be ringing as the annual Lima Salvation Army's "Red Kettle Campaign" kicks off. It's a major fundraiser for the organzation.

07 November 2017
Brexit minister admits sector impact assessments don't exist
He went onto insist that preparing the impact papers would "distract both ministers and officials from the negotiations". He told MPs in the House of Commons: 'We expect this to be no more than three weeks'.

07 November 2017
CVS Health Corporation (CVS) Reaches New 12-Month Low on Analyst Downgrade
Wayne Hummer Investments L.L.C.'s holdings in CVS Health Corporation were worth $2,103,000 at the end of the most recent quarter. After $1.33 actual EPS reported by CVS Health Corp for the previous quarter, Wall Street now forecasts 12.03% EPS growth.

07 November 2017
Buffalo Wild Wings Inc (NASDAQ:BWLD) Institutional Investors Quarterly Sentiment
It is positive, as 36 investors sold Aecom shares while 63 reduced holdings. 12 funds opened positions while 25 raised stakes. Koch Industries Inc. purchased a new position in shares of Buffalo Wild Wings during the 2nd quarter valued at $618,000.

07 November 2017
Harvey Weinstein Banned For Life From The Television Academy
He has been fired from his role as co-chairman of The Weinstein Company, and subsequently resigned as a member of the board. At a meeting last month , the Academy had overwhelmingly chose to pursue disciplinary action against Weinstein .

07 November 2017
Police search for two inmates who escaped from a Palo Alto courthouse
As law enforcement continues to search for two unsafe escaped inmates, a friend of one of the men describes him as "a good guy". The two men had been charged with robbing a Verizon store of $64,000 in merchandise in February and being held with no bail.

07 November 2017
Pfizer, Inc. (PFE) Expected to Earn FY2017 Earnings of $2.60 Per Share
Finally, Herndon Capital Management LLC acquired a new position in shares of Pfizer in the 2nd quarter valued at about $120,000. Shares of CBS Corporation (NYSE:CBS) traded up 2.82% in the last session while performance was up 56.96% in the last five days.

07 November 2017
Bigg Boss 11, Day 32: Puneesh, Bandgi caught kissing on nightvision cameras
On seeing this, Hina Khan took the advantage and instigated Priyank against Arshi and he again picked a fight with her again. Benafsha and Priyank discussed about how Bandgi is going on the right track and how she is using Puneesh for the same.

07 November 2017
Gal Gadot On What Wonder Woman Would Say About Sexual Harassment
Viewers will see Gadot as Wonder Woman again very soon in Justice League , in theaters on November 17. Justice League will star Ben Affleck, Henry Cavil, Gal Gadot reprising their roles from Batman Vs.