Source: Rays exercise $2.5 team option on Joel Peralta

The Rays have exercised their $2.5 million club option on reliever Joel Peralta, according to a major-league source. The team considered the option over the last few days and decided to bring Peralta back into the bullpen mix for a fifth season in Tampa Bay.

Peralta, 38, had a bit of a down season for the Rays, posting a 3-4 record and 4.41 ERA in 63.1 innings over 69 appearances. He has been a consistent producer out of the bullpen for the Rays for the past four seasons, tallying a 3.58 ERA in 296 appearances since signing with the club in 2010.

With Peralta back in the fold, the Rays will enter the offseason with zero free agents after exercising their options on Peralta and Ben Zobrist. Peralta will join names like Brandon Gomes, Jeff Beliveau, Cesar Ramos, Brad Boxberger, Grant Balfour and Jake McGee in the bullpen mix for Tampa.