Report: Derrek Lee could make $10 million with Orioles

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We heard yesterday that the Orioles agreed to terms with Derrek Lee on a one-year contract. Now we’re learning some of the potential details.

While Jeff Zrebiec of the Baltimore Sun writes that the contract is expected to be worth $8 million, Tim Brown of Yahoo! Sports hears that the deal includes incentives and could be worth as much as $10 million.

That’s a big price to pay for a 35-year-old first baseman coming off a 774 OPS and thumb surgery, but it’s right in line with the market value. Remember, Lance Berkman received $8 million from the Cardinals and the Cubs are paying Carlos Pena $10 million, though some of the money is deferred.

As Aaron pointed out yesterday and Buster Olney of ESPN.com wrote this morning, committing only one year to Lee gives the Orioles the ability to be flexible going into next winter, when Prince Fielder will be a free agent.

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.