The Reds remain in talks for Roy Oswalt

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Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer on Sunday that he hadn’t spoken with the agent Roy Oswalt in about a week while adding that “the last we heard he was going to Texas.” Either Jocketty was being coy or something has changed in the past day or so, because Ken Rosenthal and Jon Paul Morosi of FOXSports.com are now reporting that the Reds “remain in talks” with the veteran right-hander.

Rosenthal actually reported on Saturday that the Reds, Red Sox and Phillies had maintained contact with Oswalt’s representatives, but was later told that Cincinnati had merely kicked the tires and weren’t actively involved in negotiations. It turns out he may have been right the first time.

Oswalt would still prefer to pitch for the Rangers or Cardinals, but since both clubs have full starting rotations, he’s having a hard time landing the one-year, $8-10 million salary he reportedly covets. The Reds also have a full slate of starters, but it looks like they are hoping to take advantage of a depressed market in order to make a deal work. They would have to move salary in order to sign him and Homer Bailey is considered the most likely trade candidate.

Asdrubal Cabrera signs with the Texas Rangers

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Ken Rosenthal reports that the Texas Rangers have signed infielder Asdrubal Cabrera to a one-year deal, pending a physical. He’ll be paid $3.5 million, according to Jeff Passan of ESPN. Rosenthal reports that Cabrera will primarily play third base, replacing Adrian Beltre, who has retired.

It’s a fairly low price given that Cabrera hit 23 homers and posted a line of .262/.316/.458 (112 OPS+) between the Mets and Phillies last season but, as is the case with so many other veteran free agents, there did not appear to be much of a market developing for his services. He’ll at least get a lot of playing time in Texas, it would seem.