GM says Reds’ payroll will rise in 2012, but don’t expect big free agent signings

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General manager Walt Jocketty said earlier this week that the Reds will exercise their $12 million option on Brandon Phillips for next season and today he revealed that the team’s payroll will rise from the current $80 million mark.

“Our preliminary projections are that we’ll bump it up a little,” Jocketty told John Fay of the Cincinnati Enquirer. “We’re still working on the end number. But it will be more than it was this year.”

Fay speculates that the “bump” will be to around $85 million, which is why Jocketty replied “probably not” when asked about potentially pursuing big-name free agents. All but 12 teams have a payroll above $85 million this season.

If the Reds pick up their options on Phillips and closer Francisco Cordero that would put them at $68 million in commitments before factoring in arbitration raises and minimum-salaried players, so unless they cut Cordero loose Jocketty will be bargain shopping.

Rays trade Jake Odorizzi to Twins

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The Rays have traded right-hander Jake Odorizzi to the Twins, per team announcements on Saturday evening. The Twins will receive minor league shortstop Jermaine Palacios in the deal. Despite previous speculation, recently-DFA’d outfielder Corey Dickerson was not included in the trade.

With Odorizzi, the Twins finally have the front-end starter they’ve been seeking all winter. It’s a bargain deal as well, as the 27-year-old righty is under contract through 2019 and didn’t require the club to part with any of their top-shelf prospects in the trade. Odorizzi will be looking to stage a comeback in 2018 after a dismal performance with the Rays last year, during which he eked out a career-worst 4.14 ERA, 3.8 BB/9 and 8.0 SO/9 through 143 1/3 innings.

Palacios, 21, ranked no. 27 in the Twins’ system last season. He split his year between Single-A Cedar Rapids and High-A Fort Myers, raking a combined .296/.333/.454 with 13 home runs and 20 stolen bases in 539 plate appearances. He’s expected to continue developing at shortstop, though he’s also seen limited time at second and third base during his four-year career in the minors.