Reds will exercise $12 million option on Brandon Phillips

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General manager Walt Jocketty announced that the Reds intend to exercise their $12 million option on Brandon Phillips for next season and indicated that the two sides have had some preliminary talks about a long-term contract extension.

Phillips tweeted about having “a lot on my mind” because today might be his final home game with the Reds, but Jocketty quickly squashed that by telling John Fay of the Cincinnati Enquirer: “He’ll be with us.”

As an elite defensive second baseman with an above-average bat Phillips is definitely worth the $12 million investment for 2012. He’s had arguably the best season of his career, with highs in batting average (.294) and on-base percentage (.346) to go with his second-best OPS (.798), but Phillips has ceased being an effective base-stealer and at age 30 committing for more than a couple seasons would certainly be risky for the Reds at his current price.

There is a “one million percent” chance Aroldis Champan will opt-out of his deal

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Ken Rosenthal of The Athletic reports that there is a “one million percent” chance Yankees closer Aroldis Chapman will opt out once the season ends.

Just going by the math this makes perfect sense, of course.

Chapman signed a five-year, $86 million deal with the Yankees before the 2017 season. Pursuant to the terms of the deal he’ll make $15 million a year in 2020 and 2021 (he was given an $11 million signing bonus that was finished being paid out last year). This past season the qualifying offer was $17.9 million. Craig Kimbrel of the Cubs just signed a deal that will pay him $16 million in 2020, 2021, and 2022 (he’s making a prorated $16 million this year). Other top closer salaries at the moment include Kenley Jansen ($19,333,334); and Wade Davis ($18 million).

It’s fair to say that Chapman fits into that group and, I think it’s safe to say, more teams would take him than those guys if they were all freely available. As such, Chapman opting out to get more money makes all kinds of sense. Heck, opting out, getting slapped with a qualifying offer, accepting it and then hitting the market unencumbered after the 2020 season would stand him in better financial stead than if he didn’t opt-out in the first place.

The question is whether the Yankees will let it get that far or whether they’ll approach him to renegotiate the final couple of years on the deal or to add some years onto the back of it. If they’re smart they will.