Colorado Rockies Trade Miguel Olivo To Toronto Blue Jays For Player To Be Named

Instead of declining Miguel Olivo's option, the Rockies traded him to the Toronto Blue Jays for a player to be named,

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Details Emerge On Colorado Rockies Trade Of Miguel Olivo To Toronto Blue Jays

According to Ken Rosenthal and Tracy Ringolsby, the Blue Jays could send money back to the Rockies depending on what the team decides to do with Miguel Olivo:

They will pay the Rockies $25,000 if they decline to offer Olivo arbitration, a source said. If they re-sign Olivo or offer him arbitration, they will send the Rockies a player to be named instead of the money.

The Rockies already received salary relief in the trade by not having to decline Olivo’s option and paying him $500,000. An additional $25,000 is not all that much so receiving a player in return may be the preferred option.

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Colorado Rockies Trade Miguel Olivo To Toronto Blue Jays For Player To Be Named

Troy Renck of the Denver Post reports that the Colorado Rockies have traded Miguel Olivo to the Toronto Blue Jays for a player to be named later. Olivo sounds disappointed that he will no longer be with the Colorado Rockies:

"I am little disappointed. I was looking forward to playing in Colorado again. I love my teammates and the fans and Denver were great. Look for me next year. I am ready to play now," Olivo told The Denver Post.

Olivo hit .269/.315/.449 for the season, but it was a tale of two seasons for Olivo. In the first half of the season, Olivo played like an All-Star, hitting .325/.377/.548 with 11 homers. He fell off significantly after the All-Star Break by having a batting average below the Mendoza line at .193. He also played a game this season while passing a kidney stone.

Chris Iannetta is assumed to be the starting catcher at this point, but the Rockies could look for other options. The Anaheim Angels' Mike Napoli is a candidate for the Rockies to explore.

With money saved and a player coming back to the Rockies, this trade is a great win for the team.

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