Toronto Signs a Closer, Padres get a Catcher - MLB Betting

MLB betting could be impacted by the latest move the Toronto Blue Jays made.

The team signed closer Kevin Gregg to a $2.75 million, one-year contract.  Baseball betting has the deal being worth possibly as much as $11.5 million over three seasons.

MLB betting has the Blue Jays holding the option for 2011 and 2012.  Baseball betting stats had Gregg going 5-6 with 23 saves and a 4.72 ERA for the Chicago Cubs last season.  He has 84 saves over the past three MLB betting seasons with the Cubs and Marlins.  The Blue Jays are not promising Gregg the closer job but with only Scott Downs and Jason Frasor as possible contenders, it looks like Gregg will get the job. "We expect him to pitch late in the game," Blue Jays general manager Alex Anthopoulos said, "We don't have anybody who we've anointed the closer right now. Kevin Gregg has had a lot of closing experience, he's certainly not going to be handed the job, but he'll have every opportunity to compete for that role."

MLB betting has Downs and Frasor eligible for free agency next year so will be interesting to see what the Blue Jays do with them. “I anticipate going into camp with the number of arms that we do have," Anthopoulos said. "We still continue to talk to clubs about various trades. We have a lot of irons in the fire with respect to trades and also free agent signings, but for me to characterize what I think the likelihood of us doing anything prior to reporting to camp, it's very hard to say."

MLB betting also had the San Diego Padres signing Yorvit Torrealba to a one-year deal worth $1.25 million dollars.  He will get $750,000 this baseball betting season and will get a $500,000 buyout if the Padres don’t pick up his option for 2011 which is worth $3.5 million.  Torrealba had some good MLB betting stats last year for Colorado.  He hit .291 for the Colorado Rockies and was very good with runners in scoring position as baseball betting stat showed, hitting .477.  Torrealba was kind of left out in the cold when it came to the free agent market.  Baseball betting had the Rockies offering him a $4.5 million dollar deal for two years but MLB betting had him turning that down months ago.  He ended up going with San Diego since they needed a catcher.