The Reds hold a $12 million option on closer Francisco Cordero. They want him back. He wants to stay. So it makes sense that they’re in talks with him right now over his future with the team. A future that, given that they’re talking and not just exercising the option, probably means a two-year deal at a lower per annum.
Cordero has had a pretty darn good year for the Reds, with a 2.53 ERA and a 0.975 WHIP in 66 appearances. While a $12 million outlay for a closer is a lot, the failure of Aroldis Chapman to build on his 2010 success likely has the Reds mindful of how valuable a sure-thing closer can be. And if they can break that money up over a couple of years it will be much easier to take.
Update (8:40 PM ET): Joel Sherman of the New York Post reports that Hunter’s contract with the Phillies is for two years.
There’s been a bit of confusion at the Winter Meetings. First, ESPN’s Buster Olney reported that the Phillies were close to signing free agent reliever Addison Reed. That report was then disputed by Jon Heyman of FanRag Sports. Matt Gelb of the Philadelphia Inquirer then reported that not only do the Phillies not have a deal with Reed, they’re actually moving in on a deal with free agent pitcher Tommy Hunter. Ken Rosenthal of The Athletic backed up Gelb’s report, as did Todd Zolecki of MLB.com.
Hunter, 31, spent the past season with the Rays, posting a 2.61 ERA with a 64/14 K/BB ratio across 58 2/3 innings. The right-hander, a veteran of 10 seasons in the majors, should be a good addition to the Phillies’ bullpen, which also recently added Pat Neshek. Neshek and Hunter will likely work the innings just ahead of closer Hector Neris.
As for Reed, well, who knows.