Ronald Blum of the Associated Press reports that Matt Capps will receive $4.5 million from the Twins in 2012, and the Twins have a $6 million option with a $250,000 buyout for 2013.
It’s only one guaranteed year, but the price is steep and the Twins forfeit the supplemental first-round pick they would have gotten had he signed elsewhere. If Capps bounces back as the Twins expect him to, he’ll probably be worth $4.5 million. The right-hander fell out of favor during a down 2011 season, posting a 4.25 ERA while blowing nine saves.