Rockies and Reds discuss Huston Street-for-Edinson Volquez deal

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The Rockies might have less of a sense of urgency to get a deal done after acquiring Kevin Slowey from the Twins, but Troy Renck of the Denver Post reported this morning that they have had discussions about a possible deal that would send Huston Street to the Reds for Edinson Volquez.

Street has a solid 3.50 ERA and 170/33 K/BB ratio in 167 innings over three seasons with Colorado, but he’s on the trading block now that Rafael Betancourt has established himself as the closer. The 28-year-old right-hander is due a reasonable $7.5 million salary in 2012 and his contract includes a $9 million mutual option or $500,000 buyout for 2013, so he makes sense for a lot of teams, even with a number of free agent closer-types available. The Reds are currently on the market for a closer after declining Francisco Cordero’s $12 million option in late-October.

As for Volquez, he’s coming off a nightmare season in which he posted a 5.71 ERA and 104/65 K/BB ratio over 108 2/3 innings at the big league level. Still, he’s barely two years removed from Tommy John surgery and is only due a slight raise over the $1.6 million he made in 2011, so he’s an ideal buy-low target for a number of clubs.

There’s a pretty large gap in the salaries of the two players, so Renck notes that the Rockies would likely have to sweeten the deal by covering some of Street’s contract and/or including a prospect.