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Peralta exercised his $4.25 million player option for 2025 on Saturday, Jeff Sanders of The San Diego Union-Tribune reports.

Peralta turned in a 3.99 ERA and 1.20 WHIP across 38.1 frames in 2024, and he'll now receive a $900,000 raise by accepting the first of three player options in his deal with the Padres. He will presumably continue to be used in mid-to-high-leverage situations.

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