The Rays announced today that they have picked up the 2012 options on James Shields and Kyle Farnsworth. The team declined the option on Kelly Shoppach, making him a free agent.

None of these moves offer much surprise. There was some question on Farnsworth depending on how healthy his arm is. The Rays are obviously satisfied and if he is indeed healthy, he is still a bargain at $3.3 million in 2012.

Shields will make $7.5 million in 2012. His contract originally called for a 2012 salary of $7.0 million, but performance incentives raised his base salary to $7.5 million. And depending on where he finishes in the Cy Young voting, that salary could go up to $8.0 million.

The Shoppach, the Rays chose the $300 thousand buyout over a 2012 salary of $3.2 million. Shoppach is now a free agent, but there is a shot he could still return to the Rays in 2012 at a reduced salary.

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