Angels exercise option on Street; decline option on Burnett

The Angels have decided to exercise their $7 million option on closer Huston Street, the team announced on Thursday. The team also announced the decision to decline their $4.5 club option on reliever Sean Burnett, and will instead pay him a $500K buyout.

The Angels acquired Street, along with pitching prospect Trevor Gott, in a six-player deal with the San Diego Padres on July 19th. Street had been with the Padres since 2012, when he was traded from Colorado to San Diego. In July of 2012, the Padres extended Street with a two-year, $14 million contract extension, with a club option for 2015.

Street helped the Angels reach the postseason in 2014, before being swept by Kansas City in the ALDS. For the season, Street appeared in 61 games (28 with LAA), posting a 1.37 ERA. Over Street's ten-year career, his 275 saves are 5th among MLB relievers in that timeframe.

Burnett, an eight-year MLB veteran, signed a two-year contract with the Angels before the 2013 season. The contract paid Burnett $8 million over the last two years, but elbow injuries would limit him to only sixteen games in his two seasons with the Angels. For his career, Burnett has posted a 3.53 ERA over 370 games.