Reds, Volquez Discussing Extension

The Reds have locked up Bronson Arroyo, Jay Bruce, Joey Votto and Johnny Cueto this offseason, but they may not be done yet. They are discussing the possibility of extending Edinson Volquez, according to John Fay of the Cincinnati Enquirer.

“We’re looking at both — one-year and multi-year,” GM Walt Jocketty told Fay. “We’re hopeful that we’ll get something done.”

Volquez, 27, posted a 4.31 ERA with 9.6 K/9 and 5.0 BB/9 in 62 2/3 innings last year. He has made just 21 starts since his breakout 2008 season because he underwent Tommy John surgery on his right elbow in 2009. 

Volquez filed at $2MM and the Reds countered with a $1.3MM proposal earlier in the week. The right-hander is the team's lone remaining unsigned arbitration eligible player. Volquez is arbitration eligible for the first time and on track to hit free agency after the 2013 season if the Reds don't extend him.

Click here to read Howard Megdal's examination of the trade that sent Josh Hamilton to Texas for Volquez.

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