Relief pitchers (especially those with no history of injury-knocks on wood...twice) age a lot better than other players. Additionally 34 for any player is hardly that old, while it is no longer their "peak" you typically don't see such severe declines in players across the board until 36,37,38,39. For RP the decline is even less and less, Rivera, Nathan, Hawkins, Hoffman, etc are some of the most recent examples of guys who pitched just fine into their late 30's and early 40's. Is there risk? Yeah I guess...but they are basically getting a very good (dare I say elite?) closer locked up on a deal that is pretty close to what they handed Blackburn. Win Win Win Win Win Win Win. As far as the trade chip thing goes: Now they can have another trade chip if one of the closer prospects they have in the minors is legit, just trade that guy away. Or don't, and build a truly elite bullpen from the 7th inning on.