WEDNESDAY: The Red Sox are backing off since they aren't eager to commit to an aging reliever who will require a multiyear deal, according to John Tomase of the Boston Herald. The Red Sox would have offered more than one year at a certain price, but the sides couldn't come to an agreement.
TUESDAY, 7:47pm: Cordero prefers to return to the Reds, according to Jon Paul Morosi of FOXSports.com, who adds that the Rockies are not a suitor for the right-hander.
4:45pm: The Reds and Red Sox aren't the only clubs involved. The Angels and another team have been in dialogue with Cordero, according to Alex Speier of WEEI.com. "We’ve been exploring multiyear deals and we’re very confident that’s where we’re going to end up,” Stringfellow told Speier. “The teams that we’ve spoken to, none of them have balked at that of the four remaining clubs.” Cordero will only consider closing roles.
1:28pm: The Red Sox have had increased dialogue with Francisco Cordero this week, according to ESPN.com's Jerry Crasnick (on Twitter). The Reds have resumed talks with Cordero and remain interested in re-signing him.
The 36-year-old posted a 2.45 ERA with 5.4 K/9, 2.8 BB/9 and a 50% ground ball rate in 69 2/3 innings for the Reds this past season. Cordero reached the 30-save plateau for the fifth consecutive season, saving 37 games. However, his average fastball velocity dropped to 93 mph and peripheral stats such as xFIP (4.14) and SIERA (3.91) suggest his 2.45 ERA may be artificially low. Agent Bean Stringfellow represents the three-time All-Star.