Red Sox “backing off” free agent closer Francisco Cordero

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Earlier this week the Red Sox were said to be among a handful of teams pursuing free agent Francisco Cordero, but now John Tomase of the Boston Herald reports that they’re “backing off” and “it appears we can cross Cordero off their list of potential closers.”

Tomase suggests that Cordero’s desire for a multi-year deal at age 37 is what soured the Red Sox on him, particularly with his strikeout rate plummeting in 2011.

By trading for Mark Melancon last week the Red Sox have a potential closer option in place, but pursuing Ryan Madson is still possible if his demands continue to drop and they’ve also been linked to A’s closer Andrew Bailey.

Report: David Price to pay each Dodgers minor leaguer $1,000 out of his own pocket

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Francys Romero reports that, according to his sources, Dodgers pitcher David Price will pay $1,000 out of his own money to each Dodgers minor leaguer who is not on the 40-man roster during the month of June.

That’s a pretty amazing gesture from Price. It’s also extraordinarily telling that such a gesture is even necessary.

Under a March agreement with Major League Baseball, minor leaguers have been receiving financial assistance that is set to expire at the end of May. Baseball America reported earlier this week that the Dodgers will continue to pay their minor leaguers $400 per week past May 31, but it is unclear how long such payments would go. Even if one were to assume that the payments will continue throughout the month of June, however, it’s worth noting that $400 a week is not a substantial amount of money for players to live on, on which to support families, and on which to train and remain ready to play baseball if and when they are asked to return.

Price’s generosity should be lauded here, but this should not be considered a feel-good story overall. Major League Baseball, which has always woefully underpaid its minor leaguers has left them in a vulnerable position once again.