The Blue Jays agreed to sign right-handed reliever Francisco Cordero to a one-year, $4.5MM contract, Ken Rosenthal of FOX Sports tweets. The Proformance client will set up for closer Sergio Santos, Rosenthal writes.
Cordero, 36, 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 Cincinnati this past season. Cordero reached the 30-save plateau for the fifth consecutive season, saving 37 games. His average fastball velocity checked in at 93 mph, but peripheral stats such as xFIP (4.14) and SIERA (3.91) suggest his 2.45 ERA may be artificially low. The Angels, Phillies, Orioles and Rangers all showed interest in Cordero leading up to today's agreement, MLBTR has learned.
The Blue Jays' bullpen will look considerably different in 2012, with newcomers Cordero, Jason Frasor, Sergio Santos and Darren Oliver joining holdovers Carlos Villanueva, Luis Perez, Jesse Litsch and Casey Janssen. Toronto's relievers placed 24th in MLB with 7.5 K/9 and 21st in MLB with a 3.88 ERA in 2011. The bullpen appears considerably stronger heading into the 2012 season, but the Blue Jays' rotation doesn't boast the same depth as other American League clubs such as the Yankees, Tigers, Rays, Angels and Rangers.
Though the Blue Jays won't have to surrender a draft pick to sign Cordero, the Reds will obtain a supplementary first round pick because of the modified procedure for Type A free agents under baseball's new collective bargaining agreement.