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Grant Balfour opts out of contract with Rays

The 37-year-old has opted out of his deal with the Rays after resigning with the team when he was released from his major league deal.

Kim Klement-USA TODAY Sports

Grant Balfour is now officially a free agent, according to Mark Topkin of the Tampa Bay Times. The 37-year-old opted out of his minor league deal with the Rays and was granted his release.

Balfour signed a two year, $11 million contract with the Rays back in January of 2014. In 2014, Balfour pitched to a 4.91 ERA in 62.1 innings. It didn't get any better for the veteran in 2015, pitching 4.1 innings with a 6.23 ERA before being released from his major league contract.

After being released, Balfour re-signed with the Rays on a minor league deal and had a bit more success with Triple-A Durham. In eight games, Balfour had a 2.79 ERA with 11 strikeouts.

Balfour, a former All-Star, had two great seasons with the Athletics during which he racked up 62 saves. Now, fast forward to 2015 and Balfour is free agent hoping that teams will sign him.

The interest may come. With no immediate rumors linking Balfour to any teams, it stands to reason that any of the teams that may have been interested in bringing in Rafael Soriano may call Balfour and his agent to see what their price could be.

The Cubs and Marlins are two teams that are looking for bullpen help. With the Cubs looking to compete and contend this season, that seems like a more attractive destination. But as the season wears and injuries become common, Balfour will likely get some calls.