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Indians release Perez, re-sign Giambi

Cleveland, OH (SportsNetwork.com) - The Cleveland Indians gave closer Chris Perez his unconditional release. They also re-signed designated hitter Jason Giambi to a minor league contract with an invitation to spring training and acquired left-hander Colt Hynes from the San Diego Padres in exchange for cash considerations.

Perez, who is now a free agent, went 5-3 with a 4.33 ERA in 54 relief appearances in 2013. He and his wife were found guilty of misdemeanor marijuana possession in September.

Giambi, 42, hit .183 with nine home runs and 31 RBI in 71 games this past season, his first in Cleveland.

Hynes, 28, posted a 9.00 ERA with 13 strikeouts in 22 appearances with the Padres in 2013.

10/31 15:38:51 ET