Vince Velasquez will join the Lotte Giants of the Korea Baseball Organization after being with Cleveland's Triple-A affiliate. The sale of his contract involved cash compensation to Cleveland. Despite not pitching in the majors since 2023, Velasquez has shown promise at the Triple-A level with a 3.42 ERA and a 26.8% strikeout rate over 81 2/3 innings. However, he has faced challenges including high walk rates and a gradual recovery from elbow surgery. His recent performance includes a 3.17 ERA over his past 12 starts and an increase in innings pitched per start, averaging five frames recently.
Right-hander Vince Velasquez will sign with the Lotte Giants of the Korea Baseball Organization for the remainder of the season. His contract is being sold to the Giants, who'll send cash back to Cleveland.
Velasquez, 33, hasn't pitched in the majors since 2023 and was selected for the big league roster in late April but was designated for assignment soon after.
He opted to remain with the organization after clearing waivers, despite being eligible to reject the outright assignment.
In 81 2/3 innings at the Triple-A level this year, Velasquez pitched to a 3.42 ERA with a strong 26.8% strikeout rate and an ugly 14.1% walk rate.
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