According to ESPNChicago, the Nationals have agreed to a one-year deal with Matt Capps for $3.5 million. I’ve been critical of the Nats for their free-agent strategy—and I don’t think a 100-loss team should bother signing a closer—but, they got a good deal with Capps. I have him valued at about $5.5 million.
I have a few observations. First, it appears that Capps ended up getting close to what he would have gotten in arbitration with the Pirates—maybe he would have gotten a little more—which explains why the non-contender Pirates did not tender him a contract. Second, what were the Angels thinking signing Fernando Rodney to a two-year, $11 million deal? Capps is a far better pitcher and was available for much less. Maybe Capps wasn’t willing to go to the Angels, but I have to believe the Douglasville product could have tolerated a two-year stint in LA for an additional $7 million.