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Reds’ $12 million options: Brandon Phillips picked up, Francisco Cordero declined

Oct 31, 2011, 5:11 PM EDT

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Cincinnati has exercised its $12 million option on second baseman Brandon Phillips, but made closer Francisco Cordero a free agent by declining his $12 million option.

Cordero will get a $1 million buyout instead and joins an already crowded closer market, although the Reds have repeatedly indicated that they’d like to re-sign him for a lesser salary. Cordero had 37 saves and a nice-looking 2.45 ERA, but also posted by far the worst strikeout rate of his career at age 36.

Phillips is a no-brainer for $12 million, so the bigger question will be whether the Reds make a significant effort to sign him beyond 2012. Phillips is one season away from a big payday as a free agent and the 30-year-old has said he’s not interested in giving Cincinnati a hometown discount.

  1. uyf1950 - Oct 31, 2011 at 5:23 PM

    There are a bunch of closers on the free agent market this year. It should depress their asking prices.

  2. metalhead65 - Oct 31, 2011 at 6:13 PM

    my advice to fans of whatever team signs him is to by lots of antacids! sure he gets saves but they are never easy ones. I can’t the number of leads he has blown for the reds over the last 2 years. good bye and good riddance.

    • brucewaynewins - Nov 1, 2011 at 10:35 AM

      I feel the same way but if you look at the numbers the closing game has majorly improved from his time here compared to before he left. I’m not sure how much of it is him vs other aspects though.

      • brucewaynewins - Nov 1, 2011 at 10:36 AM

        edit* before came to Cincinnati

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