The Boston Red Sox made a pair of moves on Thursday, activating reliever Billy Wagner (who was recently acquired from the New York Mets) and releasing starter Brad Penny, who is 0-4 with an ERA over 9.0 in his last four outings.

Bet 2009 World Series Odds

Penny went 7-8 with a 5.61 ERA in 24 starts with Boston after signing a $5 million, one-year contract in the offseason. The right-hander is 1-6 with a 6.38 ERA in his last 11 games.
Penny last pitched in last Friday's 20-11 loss to the New York Yankees, yielding eight runs and 10 hits in four-plus innings.

Rumor has it that the Twins may claim Penny on release waivers, although that has not be confirmed yet. If they do claim him, Minnesota would be on the hook for the remainder of Penny’s $5 million contract, as well as the incentives included in his deal.

If the Twins don’t claim him, one would think that several National League contenders would be interested in the starter, including the Rockies, Marlins, Dodgers and Giants.

Oddsmakers from online sports book currently list the Twins’ odds to win the 2009 World Series at 60/1, while the Rockies are 20/1, the Marlins are 30/1, the Dodgers are 11/2 and the Giants are 20/1.

Bet 2009 World Series Odds

Posted: 8/27/09 4:45PM ET