As expected, the Tampa Bay Rays picked up the 2012 club options Monday on pitchers James Shields and Kyle Farnsworth and declined the option on catcher Kelly Shoppach.

"James and Kyle played very large roles in our postseason run and are ready to help lead us back there in 2012," executive vice president of baseball Andrew Friedman said. "Kelly was a significant asset defensively this year and played extremely well down the stretch, but in looking to bolster the catching position this winter, we felt it necessary to assess all of the options available to us."

Also, as expected, pitcher David Price officially opted out of his 2012 contract and will take his first dip into arbitration this offseason because of his status as a Super Two player, which means he stands to make much more than the $2.43 million called for in the final year of his six-year deal.

Price, who signed that contract in August 2007 after he was the first overall pick in that year's draft, is eligible to begin arbitration a year early because he has two years plus 164 days of major league service time. The collective bargaining agreement calls for players to become Super Two-eligible at two years, 146 days of service time.