Joel Peralta, a hard-throwing right reliever who pitched for Tampa Bay last season, re-signed with the Rays today in one of the more interesting free agent deals you'll see, particularly for a reliever.
Peralta, who you may remember from an interesting pine tar incident (see stories here and here) last season, got a two-year deal with three -- count them -- three club options that could take the deal through 2017. Peralta will be 37 at the start of the 2013 season, and could be 41 when he finishes the deal if all options are exercised.
The deal is interesting from two standpoints: (1) it's extremely rare for a reliever to get a five-year deal, even if three of those years are options and (2) the Rays have to be better than any club in baseball at getting option years. When they sign a player, they always seem to manage to grab at least a few club options.
The terms of the deal haven't come out yet, but follow me on twitter @cderespina for more on this and other baseball stories.