Rockies pick up Giambi’s option, decline Cook’s
The Colorado Rockies announced they and first basemanhave exercised their mutual option on his contract for the 2012 season, but the Rockies have declined their side of ‘s mutual option. Cook, a second-round pick in 1997 who has spent his entire career with the Rockies, is now a free agent.
Giambi’s option is reportedly worth $1 million, the same salary he made in 2011. Cook’s option would have cost the Rockies $11 million.
Cook was 72-68 in 10 seasons with the Rockies and is the franchise’s all-time wins and innings pitched leader. Since his best season in 2008 when he went 16-9 with a 3.96 ERA and represented the Rockies in the All-Star Game, Cook’s numbers have steadily slid downward as he’s dealt with a series of injuries. He was 3-10 with a 6.03 ERA in 97 innings in 2011.
Giambi hit .260 with 13 home runs and 32 RBI in 64 games in 2011, his third season with the Rockies.
The moves leave the Rockies with 32 players on their 40-man roster. The team also has five players on the 60-day disabled list.