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Indians release Perez, re-sign Giambi

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The Cleveland Indians released former closer Chris Perez and re-signed designated hitter Jason Giambi to a minor-league contract.

The team also announced the acquisition of left-handed pitcher Colt Hynes from the San Diego Padres in exchange for cash considerations. Hynes, 28, had a 9.00 ERA in 22 relief appearances in 2013, although he did hold left-handed hitters to a .156 batting average.

Perez, an All-Star in 2011 and 2012, lost the closer job at the end of the season. He had a 9.64 ERA in September and was eligible for salary arbitration after earning $7.3 million this year. Perez and his wife also pled guilty in September to a misdemeanor count of possession of controlled substance after allegedly having around a third of a pound of marijuana delivered to their home on June 19, according to the police report.

Giambi, 42, was given a non-roster invitation to spring training after batting .183 with nine home runs and 31 RBIs in 71 games last season. He also set the franchise record with three pinch-hit home runs.

Perez, who is now a free agent, was 5-3 with a 4.33 ERA in 54 relief appearances in 2013 (54.0IP, 56H, 26ER, 11HR, 21BB, 54K, .263AVG)
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