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Reds, Edinson Volquez Nearing Deal

4:31pm: The two sides are close to a one-year contract worth around $1.6MM, reports Enrique Rojas of ESPN Deportes (via Twitter)

10:52am: Reds GM Walt Jocketty expects to reach an agreement -- likely a one-year deal -- this weekend with arbitration-eligible starter Edinson Volquez, tweets John Fay of the Cincinnati Enquirer.

It has seemed likely that the Reds and Volquez would avert an arbitration hearing all along, but the question has persisted whether they'd agree on a one- or multi-year deal. Volquez apparently preferred a one-year deal, blogs Fay.

Cincinnati's other young, arbitration-eligible stars -- Jay Bruce, Joey Votto and Johnny Cueto -- have all signed multi-year deals this offseason, buying out their arbitration eligibility.

Volquez, though, is coming off consecutive truncated seasons on account of Tommy John surgery and a 50-game suspension for using PEDs.

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