Rockies place Betancourt on waivers

The Colorado Rockies have placed righty closer Rafael Betancourt on revocable waivers according to Ken Rosenthal of FOX Sports.

Sources: #Rockies’ Betancourt on waivers. Team holds $4.25M option on him for ’14, plans to bring him back. So, offer would need to be good.

— Ken Rosenthal (@Ken_Rosenthal) August 22, 2013

Betancourt has a $4.25M option for 2014 and likely won't be moved by Colorado unless the Rockies can get some sort of return. The 38-year old reliever, who has a 3.54 ERA with a 1.25 WHIP, 16 saves and 27 strikeouts in 28.0 innings pitched, will likely be pursued by playoff contenders in need of late inning arms out of the bullpen.

The Rockies recently activated Betancourt off the disabled list after he was diagnosed with appendicitis and shut down on July 20. Potential suitors for the closer include the Boston Red Sox, Cleveland Indians, Texas Rangers, St. Louis Cardinals and Tampa Bay Rays.

Betancourt recently blew his second save of the the Phillies. He projects as a setup man for most teams in playoff contention.

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