The Los Angeles Angels have announced that they have signed closer Huston Street to a two-year extension with a team option for the 2018 season. The Angels locked up their 31-year-old righty Wednesday with a two-year, $18 million contract extension and a $10 million club option for 2018 ($1 million buyout).
The two sides have been negotiating since spring training and made it clear they were intent on coming to terms so, much like a Street pitching appearance, the only surprise was how long it would take to close the deal.
Since the Angels acquired him from the Padres for two top prospects last summer, he's justified their investment by converting 28 save opportunities over 40 innings and 42 appearances and put up an outstanding 2.30 ERA and allowed only one ball to leave the yard.
Relying more on command and and consistency than overpowering velo, Street, has put up double-digit saves annually since his 2005 rookie season and carries a career 2.83 ERA, 148 ERA+ and 1.030 WHIP totals. At 286 career saves, Street will almost certainly become the 27th member of the 300 saves club this season.
There's a certain amount of risk inherent in the deal for the Angels because Street has landed on the disabled list multiple times in recent years for a variety of minor injuries; among them biceps cramps, a strained shoulder, a sore calf and various arm ailments. But the contract's relatively short length and team option year apparently met the team's risk/reward tolerance threshold.