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UPDATE: Reds, Volquez reach deal, avoid arbitration

Jan 30, 2011, 3:02 PM EDT

Cincinnati Reds starting pitcher Volquez reacts after giving up a run to the Philadelphia Phillies during the second inning in Game 1 of the MLB National League Division Series baseball playoffs in Philadelphia

UPDATE: Mark Sheldon of MLB.com says this one is done.

Saturday, 5:37 PM: Enrique Rojas of ESPN Deportes reports that the Reds and Volquez are close to an agreement on a one-year, $1.6 million contract.

Saturday, 3:31 PM: Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer earlier today that he expects to get a deal done with Edinson Volquez this weekend, most likely in the form of a one-year deal.

Volquez is arbitration-eligible for the first time this winter. He requested $2 million and was offered $1.3 million when arbitration figures were exchanged last Tuesday.

The Reds have made their arbitration-eligible players a priority this offseason, inking Joey Votto, Jay Bruce and Johnny Cueto to multi-year contracts and securing considerable cost certainty for the next few seasons. Just last week, it looked like the club was going to go a similar route with Volquez, but Jocketty told Fay today that the 27-year-old right-hander prefers a one-year deal.

It’s a calculated gamble on the part of Volquez, as he could command considerably more through the arbitration process if he bounces back with a solid 2011 campaign. That’s clearly the motivation here. He has been limited to just major league 21 starts over the past two seasons due to Tommy John surgery.

  1. Brian Murphy - Jan 30, 2011 at 12:36 AM

    Those are some relatively low-risk, high-reward dollars being spent by Cincy.

  2. metalhead65 - Jan 30, 2011 at 10:19 AM

    unless he wins 20 games or a cy young then it is a waste of money. guy has had one third of a season where he won 14 games before the break then 3 after.this is what they got for trading a mvp?

    • clarknaddison - Jan 30, 2011 at 4:33 PM

      he has great stuff…if he wasnt injured/surgery the past 2 years, hed be looking at Cueto + money. I think he has a big year in 2011

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