Diamondbacks exercise option on closer J.J. Putz

The Arizona Diamondbacks have announced they have picked up closer J.J. Putz's $6.5 million option for 2013.

The Arizona Diamondbacks announced Saturday they have exercised their 2013 option on closer J.J. Putz, which is for $6.5 million.

If the Diamondbacks had declined the option, they would have owed Putz $1.5 million.

Putz signed a two-year deal with the Diamondbacks in 2010. He saved 77 games for the Diamondbacks over the last two seasons while posting a 2.48 ERA, 0.97 WHIP and 126 strikeouts in 112 1/3 innings.

For more up-to-the-minute news and analysis on the latest rumors from bloggers Chris Cwik, Jack Moore and R.J. White, follow @MLBRumorsCBS.