The Reds exercise Bronson Arroyo’s $11 million option

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Ken Rosenthal reports that Bonson Arroyo’s $11 million option has been exercised by the Reds.  He also says that Walt Jocketty wouldn’t mind tearing that up and negotiating a long term deal.

If, two years ago, you would have asked me for any one prediction about the winter of 2010-11, it would have been that Arroyo would hit free agency. While he has been a good pitcher his entire time with the Reds, that $11 million seemed awfully big, and the Reds’ chances of being in the competitive position to justify paying a pitcher that kind of money seemed awfully small. But time marches on. Inflation happens. Teams improve. And, more than anything else, people come to realize just how special a pitcher who can throw 200+ above average innings year-in, year-out really is in this day and age.

And that’s what Arroyo has done. He went 17-10 in 2010, with a 3.88 ERA in 215 innings. His strikeouts are down from past levels, his walk rate is pretty steady, and overall he’s not quite what he was a couple of years ago, but he takes the ball every fifth day, and that’s worth 11 million bucks in 2011.