Rays pick up $2.5M option on Joel Peralta

The Tampa Bay Rays have locked up their setup man for another season.

The club exercised its $2.5 million option Monday on right-hander Joel Peralta, reports Marc Topkin of the Tampa Bay Times.

Peralta posted a 4.41 ERA in 69 appearances last season, but his 74/15 strikeout-to-walk ratio was very impressive.

The team also holds $2.5 million options on the reliever for the 2016 and 2017 seasons.