Rockies deal Olivo to Blue Jays

The Rockies traded catcher Miguel Olivo to the Blue Jays on Thursday night for a player to be named or cash considerations, the Rockies announced.

The deal occurred just before Thursday night’s deadline for picking up Olivo’s 2011 option for $2.5 million. Olivo, 32, hit .269 with 14 home runs and 58 RBIs as the Rockies’ No. 1 catcher for much of last season. It was unclear whether the Jays would pick up the option. They could allow him to become a free agent, and receive a pick between the first and second rounds of the 2011 First-Year Player Draft.

The trade leaves Chris Iannetta, 27, as the lone catcher on the Rockies’ roster with significant Major League experience, although the club is expected to obtain another backstop through free agency or a trade.

Iannetta, an organization product who showed promise in an extended look in 2008 (.264, 18 HRs, 64 RBIs), but has struggled since and has not grabbed the No. 1 job. Last season, after signing a three-year, $8.35 million contract, Iannetta spent part of last season at Triple-A Colorado Springs and finished with a .197 average, nine home runs and 27 RBIs in 61 Major League games.

The Jays also are formulating their catching plans. They picked up a $1.2 million option on Jose Molina and have a top prospect in J.P. Arencibia. John Buck, the Jays’ No. 1 catcher and an All-Star in 2010, is a free agent. Like Olivo, Buck is a Type B free agent.

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