Reds “optimistic” about working out new contract with closer Francisco Cordero

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The Reds appear to be making quick progress in contract talks with closer Francisco Cordero.

Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer this afternoon that he is “optimistic” the two sides will be able to work out a new deal in lieu of Cordero’s $12 million club option for 2012. They are currently in talks about a potential two-year deal.

“We’re just waiting more for them to get back to us. I’m more optimistic something will get done there in the near future just because we’ve made more progress.”

Cordero, 36, has a 2.49 ERA, 36 saves and a 42/18 K/BB ratio over 68 2/3 innings this season. While he has been excellent on the surface, his strikeout rate (5.50 K/9) and fastball velocity (93 mph, down from 95.1 mph career) have reached career-lows.

It appears Cordero is reaching the end, but with Aroldis Chapman expected to get another shot as a starting pitcher and Nick Masset regressing this season, it’s at least defensible to being him back on a two-year deal at a lesser annual salary.

Matt Shoemaker out for the season with a torn ACL

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Terrible news for Blue Jays pitcher Matt Shoemaker: the MRI he had on his knee revealed a torn ACL. He’ll need surgery and will miss the remainder of the season.

Shoemaker was in the process of holding the A’s scoreless through three innings of three-hit, one-strikeout ball in his start on Saturday. He twisted his leg awkwardly when he ran over and tagged Matt Chapman between first and second base, however, and it was immediately clear that things weren’t right. He was initially diagnosed with a sprain, but the MRI showed that it was worse.

This is a tough break for Shoemaker, who had started off the season pretty fantastically, posting a 1.57 ERA over his first five starts this year.