Cincinnati Reds starting pitcher Volquez reacts after giving up a run to the Philadelphia Phillies during the second inning in Game 1 of the MLB National League Division Series baseball playoffs in Philadelphia

UPDATE: Reds, Volquez reach deal, avoid arbitration

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UPDATE: Mark Sheldon of MLB.com says this one is done.

Saturday, 5:37 PM: Enrique Rojas of ESPN Deportes reports that the Reds and Volquez are close to an agreement on a one-year, $1.6 million contract.

Saturday, 3:31 PM: Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer earlier today that he expects to get a deal done with Edinson Volquez this weekend, most likely in the form of a one-year deal.

Volquez is arbitration-eligible for the first time this winter. He requested $2 million and was offered $1.3 million when arbitration figures were exchanged last Tuesday.

The Reds have made their arbitration-eligible players a priority this offseason, inking Joey Votto, Jay Bruce and Johnny Cueto to multi-year contracts and securing considerable cost certainty for the next few seasons. Just last week, it looked like the club was going to go a similar route with Volquez, but Jocketty told Fay today that the 27-year-old right-hander prefers a one-year deal.

It’s a calculated gamble on the part of Volquez, as he could command considerably more through the arbitration process if he bounces back with a solid 2011 campaign. That’s clearly the motivation here. He has been limited to just major league 21 starts over the past two seasons due to Tommy John surgery.

Report: Tim Lincecum is not ready for retirement

ANAHEIM, CA - JULY 29:  Tim Lincecum #55 of the Los Angeles Angels during the second inning of the game against the Boston Red Sox at Angel Stadium of Anaheim on July 29, 2016 in Anaheim, California.  (Photo by Jayne Kamin-Oncea/Getty Images)
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Free agent right-hander Tim Lincecum isn’t ready to hang up his cleats just yet. At least, that’s the word from Lincecum’s agent, Rick Thurman, who says the 32-year-old is still “throwing and getting ready for the season” (via Andrew Baggarly of the San Jose Mercury News).

Lincecum may not be ready to enter retirement, but another quote from Thurman suggests that he’ll be picky about where he pitches next. He doesn’t appear open to pitching overseas, and despite not having a contract for 2017 (or even any serious suitors), the right-hander is set on pitching in the big leagues this year. Whether or not he’s willing to take a bullpen role to do so remains to be seen.

While Baggarly predicts some interest in the veteran righty, there’s not much in Lincecum’s recent history to inspire faith in him as a starter, or even a reliever. He picked up a one-year, $2.5 million contract with the Angels following his hip surgery in 2015, and went 2-6 in 2016 with a 9.16 ERA, 5.4 BB/9 and 7.5 SO/9 over 38 1/3 innings. At this point, a minor league contract seems like the surest path back to major league success, though he’s unlikely to find an open spot on the Giants’ or Angels’ rosters anytime soon.

Report: Jeff Manship signs with NC Dinos

CLEVELAND, OH - NOVEMBER 01:  Jeff Manship #53 of the Cleveland Indians throws a pitch during the sixth inning against the Chicago Cubs in Game Six of the 2016 World Series at Progressive Field on November 1, 2016 in Cleveland, Ohio.  (Photo by Elsa/Getty Images)
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Free agent right-hander Jeff Manship has reportedly signed with the NC Dinos of the Korea Baseball Organization, according to FanRag Sports’ Jon Heyman. The righty was non-tendered by the Indians in December.

Manship, 32, completed his second season with Cleveland in 2016. He delivered a 3.12 ERA, 4.6 BB/9 and 7.5 SO/9 rate over 43 1/3 innings, a slight decline after posting an 0.92 ERA with the club the year before. During eight years in the major leagues, Manship carries a 4.82 career ERA, 3.6 BB/9 and 6.4 SO/9 in multiple stints with the Twins, Rockies, Phillies and Indians.

The right-hander will be joined by fellow MLB transplants Eric Hacker and Xavier Scruggs, each of whom took one-year deals with the Dinos last month. Steve Adams of MLB Trade Rumors notes that each KBO team is allowed up to three foreign players, so Manship will round out the trio when he joins the roster. Any salary terms have yet to be disclosed.