Brandon Phillips wants a long-term contract extension, but do the Reds?

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Brandon Phillips said yesterday that he’d “love to get an extension” from the Reds, telling John Fay of the Cincinnati Enquirer that “it would be nice to be here for the rest of my career” and “I want to know a guarantee instead of a possibility.”

So why haven’t the two sides worked something out already? General manager Walt Jocketty told Fay that he’s had some communication with Phillips’ agent, but with the second baseman under contract for this season at $11 million and the Reds holding a $12 million option or $1 million buyout on him for 2012 there’s really no huge rush to get a new deal done.

Presumably any long-term extension would likely start at $11-$12 million per season and the Reds may not be so keen on keeping Phillips at that price after opening up their wallet for some younger building blocks this offseason.

In five seasons with the Reds he’s averaged 21 homers and 24 steals while playing very good defense at second base, but Phillips’ overall production has been less than spectacular with a .275 batting average, .326 on-base percentage, and .447 slugging percentage. During the past three seasons his .764 OPS ranks tied for 10th among all second basemen with Orlando Hudson, who signed a two-year, $11.5 milllion deal with the Padres this winter.

Hudson is a couple years older than Phillips, so it’s not a perfect comparison, but Phillips-like production can usually be had for significantly less than $12 million per season, not to mention a long-term commitment. Phillips is 30 years old and has slugged just .407 away from the Reds’ hitter-friendly ballpark during the past three seasons. He’s a very good all-around player and has been worth $12 million in most seasons so far, but the Reds may not want to pay him like that into his mid-30s and it would be tough to blame them.

Troy Tulowitzki held a workout for eleven clubs

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Yesterday free agent shortstop Troy Tulowitzki held a workout in California and representatives from at least eleven teams were on hand, reports Tim Brown of Yahoo. Among the clubs present: the Giants — who were said to have a “heavy presence,” including team president Farhan Zaidi and manager Bruce Bochy — the Angels, Red Sox, Cubs, Padres, White Sox, Orioles, Yankees, Phillies, Tigers and Pirates.

Your first reaction to that may be “Um, really? For Tulowitzki?” But a moment’s reflection makes it seem more sensible. We’re so tied up in thinking of a player through the filter of their contract and, when we’ve done that with Tulowitzki over the past several years, it has made him seem like an albatross given the $20 million+ a year he was earning to either not play or play rather poorly due to injuries.

It was just the contract that was the albatross, though, right? An almost free Tulowitzki — which he will be given that the Blue Jays are paying him $38 million over the next two seasons — is a different matter. If you sign him it’ll be for almost no real money and he stands a chance to be an average or maybe better-than-average shortstop, which is pretty darn valuable. You might even get one quirky late career return-to-near-glory season from him, in which case you’ve hit the lottery. If, however, as seems more likely, he just can’t get it done at all, you’re not out anything and you can cut him with little or no pain.

Eleven teams think he’s at least a look-see. I bet one of them will offer him a major league deal. Maybe more than one. He’ll probably have his pick of non-roster invites to spring training. I can’t see the downside to at least doing that much.