UPDATE: Diamondbacks, J.J. Putz agree to contract

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UPDATE: Rosenthal reports that Putz will receive a two-year, $10 million contract from the Diamondbacks with a $6.5 million club option for 2013 or a $1.5 million buyout. He’ll earn $4 million in 2011 and $4.5 million in 2012.

6:18 PM: According to Ken Rosenthal of FOXSports.com, the Diamondbacks and J.J. Putz have agreed to a two-year contract with a club option for 2013, pending a physical.

3:48 PM: Moments ago during the press conference officially announcing the Mark Reynolds deal, Diamondbacks general manager Kevin Towers indicated that he expects to acquire a new closer by tomorrow.

And about three seconds later Buster Olney of ESPN.com tweeted that “good progress is being made by the Diamondbacks to bring J.J. Putz in.”

Connecting the dots, Putz to the Diamondbacks as their new closer definitely passes the smell test.

Putz bounced back in a big way this year after struggling with his performance and health for the Mets in 2009, going 7-5 with a 2.83 ERA, .204 opponents’ batting average, and 65 strikeouts in 54 innings for the White Sox. It was the fourth time in five seasons that Putz has racked up more than 10 strikeouts per nine innings, and if you ignore his one-season stint in New York he has a 3.03 career ERA in 377 innings.

Towers was famous for building excellent bullpens during his time in San Diego and he’s already taken steps to fix Arizona’s league-worst relief corps by adding David Hernandez and Kam Mickolio in the Reynolds deal. Bringing in Putz to handle ninth-inning duties would be a huge addition, as he’s been one of baseball’s most dominant relievers when healthy.

Bartolo Colon ain’t doing so hot this year

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If he wasn’t 44 years-old we’d just call it a slump, but the way Bartolo Colon is pitching right now makes you wonder if the end is nigh.

Colon was shelled this afternoon, giving up seven runs on ten hits and walking three in five innings of work to take the loss against the Pirates. That brings his ERA up to 6.96 on the year. He’s allowed five or more runs in five of his ten starts and opposing batters are hitting .320 against him. One of the big reasons he had been so effective into his 40s had been his low walk rate — he led the NL in this category for the past two seasons — but he’s walking more guys this year than last.

The Braves picked up Colon for the reasons a lot of rebuilding teams pick up veteran starters: to provide innings and stability until the younger arms of the future can mature. Colon, however, has been the weakest link of the Braves rotation.

At some point, every baseball player reaches the end. Almost all of them do it before the age of 44. One hopes, given his history and popularity that Colon is just experiencing a rough patch and that, by mid season, he’ll be reliably pumping strikes into the zone the way he has the past few seasons. But with each bad start he registers this year, that’s seeming like more and more of a stretch.

Braves designate Josh Collmenter for assignment

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Last night Braves reliever Josh Collmenter surrendered three homers and seven runs in the 10th inning of a loss to the Pittsburgh Pirates. He came into the game when it was tied 5-5 so, yeah, ouch. Today Collmenter is on his way to no longer being a Braves reliever as he has been designated for assignment.

Collmenter made 11 appearances for the Braves, going 0-2 with a 9.00 ERA in 17 innings. If he doesn’t latch on someplace else he can take heart that his final act in the big leagues was striking out former MVP Andrew McCutchen. If only he hadn’t surrendered consecutive homers to David Freese, Jose Osuna and Jordy Mercer just before that. Oh well. Take the good with the bad.

Right-hander Matt Wisler, who has been no great shakes in the bigs himself, was called up from Triple-A Gwinnett before today’s series finale against the Pirates. He’s currently throwing mopup duty for Bartolo Colon, who got shelled for seven runs in four innings.

Given how Colon is going, maybe the Braves will be thinking about some more transactions soon.