A's exercise Balfour contract option, decline Drew

Updated: October 29, 2012, 9:55 PM ET
Associated Press

OAKLAND, Calif. -- The Oakland Athletics exercised their $4.5 million contract option for closer Grant Balfour on Monday, while the AL West champions declined their half of a $10 million mutual option for shortstop Stephen Drew.

Drew receives a $1.35 million buyout, though assistant general manager David Forst said the team would continue to negotiate with his representatives and try to sign him. Balfour would have been due a $350,000 buyout if the A's had turned down the option. General ...

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