Red Sox sitting pretty in search for new closer

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Here’s a list of the closers still available in free agency:

Ryan Madson
Francisco Rodriguez
Francisco Cordero
Brad Lidge
Frank Francisco

And following Toronto’s acquisition of Sergio Santos, here’s a list of all of the teams truly interested in spending significant dollars on a closer:

The Boston Red Sox

Really, that’s it. The Angels have the money to spend on a top reliever, but they already have a very promising ninth-inning guy in Jordan Walden. The Reds, Mets, Orioles and Padres are more interested in bargain hunting then spending big money on a reliever.

We know the Red Sox are interested in Oakland’s Andrew Bailey and that they’ve at least discussed Huston Street with the Rockies, but why go that route when a couple of these relievers are going to hit the bargain bin. The Red Sox might well end up getting Madson for Heath Bell money (three years, $27 million) or Rodriguez for $16 million over two years. Sure, they’d take Bailey over K-Rod all things being equal, but at the price of a couple of top prospects, things are far from equal.

My guess is that the Angels will be involved with Madson, so maybe he’ll still get his four-year deal. But that’s far from a certainty. The Reds could scrape up the money for K-Rod or Cordero, but they’re at least as likely to trade for a closer candidate. Francisco might want to seriously think about accepting that arbitration offer from the Jays, even though he’d be a setup man in Toronto. It’s doubtful he’ll do better elsewhere.