Blue Jays sign Francisco Cordero to serve as setup man

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Not only couldn’t Francisco Cordero secure a multi-year contract coming off a season in which the longtime closer saved 37 games with a 2.45 ERA, it turns out he couldn’t even find a closing gig.

Ken Rosenthal of FOXSports.com reports that Cordero has agreed to a one-year, $4.5 million deal with the Blue Jays, who plan to use him as a setup man in front of new closer Sergio Santos.

Reports earlier this offseason suggested that Cordero turned down a deal to re-sign with the Reds that was worth at least $12 million for two years and later turned down a one-year offer worth around $7 million.

If true Cordero and his agent severely overestimated the market for a 36-year-old closer with a rapidly declining strikeout rate, particularly during an offseason with no shortage of veteran closers as free agents.

Report: Dodgers sign Tom Koehler to one-year deal

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The Dodgers have reportedly agreed to a one-year deal with free agent right-hander Tom Koehler, per Chris Cotillo of SB Nation. The team has yet to officially announce the signing, which is currently pending a physical.

Following a mostly-productive five-year run with the Marlins, the 31-year-old flamed out in 12 starts for Miami in 2017, eventually coming over to the Blue Jays in a midseason trade for minor leaguer Osman Gutierrez. He made a successful transition to the bullpen and finished the season on a high note, pitching to a 2.65 ERA, 3.2 BB/9 and 9.5 SO/9 in 17 innings.

Koehler was non-tendered by the Blue Jays earlier this month and had attracted a fair amount of interest around the league prior to his signing. He’s expected to reprise his role as a middle reliever in Los Angeles, though Cotillo speculates that he could also bring some depth and balance to the Dodgers’ lefty-heavy rotation.