FRIDAY, 7:04pm: Joel Sherman of the New York Post has Cordero's contract deals. He gets a base salary of $750K if he reaches the Majors, plus incentives. He can also request his release if he's not in the bigs by June 15th.
THURSDAY, 9:33pm: According to Larry Stone of the Seattle Times, the Mariners signed reliever Chad Cordero to a minor league deal. He picked the right team, as the Ms have perhaps the least-settled closing situation in baseball. In fact, Cordero's agent Larry Reynolds told Ken Rosenthal that the pitcher turned down more money elsewhere for the chance to close in Seattle.
Cordero, 26, had surgery in July to repair a torn labrum and biceps tendon. Reynolds told Rosenthal that the typical recovery time would put Cordero on track to pitch in April or May, barring setbacks. Joe Christensen of the Minneapolis Star-Tribune says the Twins believe Cordero still has a ways to go.