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Pedro Alvarez's option exercised

Updated: October 31, 2012, 8:54 PM ET
Associated Press

PITTSBURGH -- The Pittsburgh Pirates have exercised a $700,000 option on third baseman Pedro Alvarez and declined a $3.5 million option on catcher Rod Barajas.

The 25-year-old Alvarez enjoyed a breakout season in 2012, batting .244 with a career-high 30 home runs and 85 RBIs in 149 games. His home run total was 10th best in the National League, though he also led NL third basemen in errors with 27 and finished second in the NL in strikeouts with 180.

Pittsburgh also has a $700,000 ...

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