Bronson Arroyo will not consider redoing his contract even if it means staying with the Reds past this season, according to John Fay of the Cincinnati Enquirer. Arroyo is in the final year of his two-year deal and has a club option for $11MM ($2MM buyout) next season. If the team hopes to keep the right-hander in Cincinnati next year, it looks as if they'll have to exercise that $11MM option.
As Arroyo told Nick Cafardo of the Boston Globe, the 33-year-old hopes to remain in Cincinnati, but is also looking ahead to what might be his last chance at a big deal on the open market. He indicated to Fay that he wouldn't restructure his contract and accept a discounted rate, like Scott Rolen did:
"Not in a million years," Arroyo said. "Scott's in a different position than I'm in. He's in a position where he feels like he's only got a couple years left in the game. He wanted to retire in this uniform.... He restructured because he’s made $150 million in the game or whatever it is.... I'm not in the same boat."
Fay suggests that it's unclear whether the Reds intend to exercise their 2011 option to retain Arroyo. If Arroyo is not in their future plans, the club might consider exploring his trade value before the deadline. The right-hander would be a "hot commodity" on the trade market, and with Edinson Volquez, Aaron Harang, and Homer Bailey on their way back from the disabled list, the Reds could have the pitching depth to make a move worthwhile.
The bet here though is that the Reds hold onto one of their most reliable arms. As long as they remain in first place, the team may be better off shelving the issue of Arroyo's option until after the season.