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.

Report: Phillies place Justin Bour on waivers

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Jim Salisbury of NBC Sports Philadelphia reports that the Phillies have placed first baseman Justin Bour on waivers. The Phillies are creating space on the 40-man roster ahead of the Rule 5 protection deadline on Tuesday.

Bour, 30, opened the season with the Marlins but was traded to the Phillies in August in exchange for minor league pitcher McKenzie Mills. Overall, Bour hit .227/.341/.404 with 20 home runs and 59 RBI in 501 plate appearances.

Bour doesn’t really have a spot on the Phillies’ roster considering he is strictly a first baseman and the Phillies already have Carlos Santana. The Phillies may try to trade Santana to move Rhys Hoskins back to first base from left field.

If Bour clears waivers, he can reject an outright assignment to the minor leagues and become a free agent. However, considering how slow-moving the market for bat-only 1B/DH types has been in recent years, Bour may have trouble latching on with a new team on a guaranteed major league contract. If Bour is claimed, the claiming team will be responsible for paying him as he enters his second of three years of arbitration eligibility. MLB Trade Rumors projects Bour to earn a salary of $5.2 million in 2019.