I guess tis the season for DFA as Evan Grant of D Magazine reports that the Rangers have designated righthander Vicente Padilla for assignment. Grant says the team has "no plans on bringing him back." Padilla went unclaimed when the team placed him on waivers in early June.
With a 4.90 ERA in 103 starts for Texas, it's safe to say the Rangers didn't get the return they were seeking on the three year, $33.75MM deal they gave Padilla before the 2007 season. There is roughly $4MM left on Padilla's contract for this season, not to mention a $1.75MM buyout for next year's option.
The A's released Jason Giambi, according to Joel Sherman of the New York Post. Before the season, the A's signed the 38-year-old slugger to a one-year deal with a club option for a second year. It pays Giambi a base salary of $4MM this year and gave the A's the option of a $1.25MM buyout or a $6.5MM salary in 2010.
Giambi hit .193/.332/.364 in 83 games back with the A's. He hit 11 homers and drew 50 walks, but didn't approach last year's production. Giambi's incentives would have kicked in with about 200 more plate appearances, but he's on the DL for now so he's not approaching that mark.
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