The Minnesota Twins have decided not to pursue relief pitcher and former NL Cy Young Award winner Eric Gagne, despite a report that Gagne was prepared to agree to the Twins’ terms.

The Star Tribune’s Joe Christensen writes the Twins have decided to review their trade options rather than sign the veteran reliever.

This is an interesting decision. The story says the contract was for $3 million with $500,000 in incentives. I thought the incentive number would be much higher. Seems like a pretty modest deal by major league standards. I’m a little surprised the Twins just walked away, but maybe I shouldn’t be considering they haven’t done anything this offseason.

It makes me wonder if the Twins are close to making a trade, or who they might be talking to or thinking of talking to.