The Reds re-sign Jonathan Broxton to a three-year, $21 million deal

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UPDATE: Yes, it was close to Brandon League’s deal. Ken Rosenthal reports that Broxton is getting three years and $21 million guaranteed. The salaries climb, paying him $4 million in 2013, $7 million in 2014, $9 million in 2015 and either a $1 million buyout or a $9 million option for 2016.

That may seem crazy for a guy like Broxton, but I bet that becomes the going rate for adequate-but-not-spectacular closers here pretty soon.

1:25 AM: CBSSports.com’s Jon Heyman reports that the Reds and Jonathan Broxton have come to terms on a multiyear deal that is set to be announced Wednesday.

It’s expected to be a three-year pact, and one imagines it’ll come in close to Brandon League’s three-year, $22.5 million deal with the Dodgers.

The plan appears to be for Broxton to step into the closer’s role, with Aroldis Chapman joining Johnny Cueto, Mat Latos, Bronson Arroyo and Homer Bailey in the rotation. Mike Leake would work in relief.

It’s a switch with tons of upside, but also with plenty of risk. Of the three biggest relief-to-starting conversion stories last year, only one paid off: Chris Sale with the White Sox. Daniel Bard was a bust for Boston, and Neftali Feliz got hurt in Texas and needed Tommy John surgery.

And then there’s Broxton. He was a perfectly effective reliever with the Royals and Reds last year, amassing a 2.48 ERA in 58 innings. However, his margin for error certainly isn’t what it was. During his first five years with the Dodgers, he averaged at least 10.5 strikeouts per nine innings every season, topping out at 13.5 in 2009. Last year, he was all of the way down to 7.0 K/9 IP.

Personally, I’m all for taking the chance on moving Chapman to the rotation. Still, I would have gone in a different direction for a closer replacement. Re-signing Ryan Madson to a one-year deal would have been the better move.

Angels acquire Jabari Blash from the Yankees

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The Yankees announced on Wednesday that the club traded outfielder Jabari Blash to the Angels in exchange for a player to be named later or cash considerations.

Blash, 28, was acquired by the Yankees from the Padres back in December in the Chase Headley trade. In trading Blash to the Angels, the Yankees were able to free up a spot on the 40-man roster for Brandon Drury, the infielder they acquired as part of a three-team trade with the Diamondbacks and Rays on Tuesday.

Over parts of two seasons in the majors, Blash has hit an underwhelming .200/.323/.336 in 279 plate appearances. He will try to play his way into a bench role for the Angels this spring.