Today, ESPN's Joe McDonald reported that the Baltimore Orioles that the Orioles had made a 2-year, $12M offer to RHP Kevin Gregg. This report was nearly immediately refuted by Dan Connolly of the Baltimore Sun, who stated that the Orioles did have a 2-year offer on the table for Gregg, but it was only in the $8-10M range.
Gregg, who spent most of the season closing for the Toronto Blue Jays, actually had a decent year for himself, notching 37 saves, a 3.51 ERA (3.57 FIP, 4.22 xFIP) while striking out 58 batters and walking 30 over the course of 59 innings.
While this is far from a bad season from the right hander, Gregg was solid but situationally undependable. Gregg's -0.86 WPA ranks near the bottom of relievers with 50IP or more. Among closers (10+ SV), Gregg ranked 25th of 28 in the WPA rankings. Now, it should be noted that WPA as a metric has no predictive value, but it does lend credence to the complaints that Gregg was one bloop single away from collapse on a regular basis. Still, there is value to him, but for that price tag, one has to wonder if Baltimore is paying attention to the FA market. Scott Downs recently signed a 3-year, $15M contract with the Angels, and Downs has been markedly better in his career than Gregg (3.79 ERA, 4.10 FIP, 3.70 xFIP, 8 fWAR, as compared to Gregg's 4.03 ERA, 4.30 FIP, 3.95 xFIP, 5 fWAR), yet Gregg will likely be making Closer Money as opposed to Setup Man Money.
For a low price, Gregg could be a good add-on. For Huston Street money, you guys have fun, Baltimore.