Francisco Cordero has a one-year offer on the table to return to the Reds

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It seems like everybody has already decided that Ryan Madson is the big loser in the game of musical chairs among free agent closers, but don’t forget that Francisco Cordero is also out there looking for a job.

The Reds acquired left-hander Sean Marshall from the Cubs last week, giving them a potential cost-effective alternative for the closer role, so Cordero is hurting for leverage at the moment. Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer yesterday that the veteran right-hander currently has a one-year offer on the table to return.

“We’ve made an offer,” he said. “He’s deciding what to do. He’s got a couple of other offers.”

No word on the details of the Reds’ offer, but Fay guesses that it’s likely for $7 million or less.

Cordero, who turns 37 in May, earned $12.125 million this past season while posting a 2.45 ERA and 37 saves over 68 appearances. While he averaged a career-low 5.43 K/9 and showed decreased velocity, he also averaged 2.84 BB/9 — his best mark since 2002 — and induced ground balls at a career-high rate of 50 percent. The Reds declined his $12 million club option for 2012 in late-October.

No lease extension, but O’s and governor tout partnership

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The Baltimore Orioles and Maryland Gov. Wes Moore announced a joint commitment to what they called a “multi-decade, public-private partnership” to revitalize the Camden Yards sports complex.

The statement from the team and the state’s new governor came Wednesday, the deadline for the Orioles to exercise a one-time, five-year extension to their lease at Camden Yards. The team was not planning to exercise that option, according to a person with knowledge of the decision. The person spoke to The Associated Press on condition of anonymity because the club hadn’t announced its decision.

With no extension, the lease is set to expire at the end of this year, but the team and the Maryland Stadium Authority can keep negotiating. Wednesday’s joint release seemed to be an attempt to calm any nerves in Baltimore about the team’s future.

“I am looking forward to continuing to collaborate with Governor Moore, his administration, and the Maryland Stadium Authority in order to bring to Baltimore the modern, sustainable, and electrifying sports and entertainment destination the state of Maryland deserves,” Orioles CEO John Angelos said.

“We greatly appreciate Governor Moore’s vision and commitment as we seize the tremendous opportunity to redefine the paradigm of what a Major League Baseball venue represents and thereby revitalize downtown Baltimore. It is my hope and expectation that, together with Governor Moore and the new members and new chairman of the MSA board, we can again fully realize the potential of Camden Yards to serve as a catalyst for Baltimore’s second renaissance.”

Republican Larry Hogan, the state’s previous governor, signed a bill last year increasing bond authorization for M&T Bank Stadium, home of the Baltimore Ravens, and Camden Yards. The measure allowed borrowing of up to $600 million for each stadium.

“When Camden Yards opened 30 years ago, the Baltimore Orioles revolutionized baseball and set the bar for the fan experience,” Moore, a Democrat, said Wednesday. “We share the commitment of the Orioles organization to ensuring that the team is playing in a world-class facility at Camden Yards for decades to come and are excited to advance our public-private partnership.”

Angelos recently reaffirmed that the Orioles would stay in Baltimore, although he dressed down a reporter who asked for more clarity on the future of the team’s ownership situation. Angelos was sued last year by his brother Lou, who claimed John Angelos seized control of the Orioles at his expense.