Reds’ $12 million options: Brandon Phillips picked up, Francisco Cordero declined

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Cincinnati has exercised its $12 million option on second baseman Brandon Phillips, but made closer Francisco Cordero a free agent by declining his $12 million option.

Cordero will get a $1 million buyout instead and joins an already crowded closer market, although the Reds have repeatedly indicated that they’d like to re-sign him for a lesser salary. Cordero had 37 saves and a nice-looking 2.45 ERA, but also posted by far the worst strikeout rate of his career at age 36.

Phillips is a no-brainer for $12 million, so the bigger question will be whether the Reds make a significant effort to sign him beyond 2012. Phillips is one season away from a big payday as a free agent and the 30-year-old has said he’s not interested in giving Cincinnati a hometown discount.

White Sox won’t make bid for Bryce Harper

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The White Sox won’t make a bid for free agent outfielder Bryce Harper, Bruce Levine of 670 The Score reports. Believed to be the favorites to land shortstop Manny Machado in free agency, the White Sox watched him ink a 10-year, $300 million contract with the Padres. The club is apparently content with its roster otherwise.

Harper would certainly be an upgrade in the outfield, which currently features Adam Engel, Nicky Delmonico, and Jon Jay. It will soon feature prospects Eloy Jiménez and Luis Robert.

Last season, Harper hit .249/.393/.496 with 34 hom eruns, 100 RBI, 103 runs scored, and 13 stolen bases in 695 plate appearances. He led all of baseball, drawing 130 walks. Harper is also a six-time All-Star who won the 2012 NL Rookie of the Year Award and the 2015 NL Most Valuable Player Award.

The Phillies are still believed to be the favorites to sign Harper and the club is confident it will land him, Matt Breen of the Philadelphia Daily News reports.