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.

Dodgers to retire Fernando Valenzuela’s No. 34 this summer

Robert Hanashiro-USA TODAY Sports
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LOS ANGELES – The Los Angeles Dodgers will retire the No. 34 jersey of pitcher Fernando Valenzuela during a three-day celebration this summer.

Valenzuela was part of two World Series champion teams, winning the 1981 Rookie of the Year and Cy Young awards. He was a six-time All-Star during his 11 seasons in Los Angeles from 1980-90.

He will be honored from Aug. 11-13 when the Dodgers host Colorado.

Valenzuela will join Pee Wee Reese, Tommy Lasorda, Duke Snider, Gil Hodges, Jim Gilliam, Don Sutton, Walter Alston, Sandy Koufax, Roy Campanella, Jackie Robinson and Don Drysdale with retired numbers.

“To be a part of the group that includes so many legends is a great honor,” Valenzuela said. “But also for the fans, the support they’ve given me as a player and working for the Dodgers, this is also for them.”