Reds GM Walt Jocketty says he’s hopeful to have resolved things with Francisco Cordero "one way or another" this week and that the free agent closer is up against a "soft deadline," according to John Fay of the Cincinnati Enquirer. If Cordero doesn’t re-sign with Cincinnati, the Reds could turn to Kerry Wood, depending on his asking price. The club would probably not sign both Cordero and Wood, according to Jocketty.
The Cubs maintain interest in re-signing Wood, who pitched for $1.5MM last year. They’ve offered the 34-year-old a substantial raise, GM Jed Hoyer said today. Wood posted a 3.35 ERA with 10.1 K/9, 3.7 BB/9 and a 35.8% ground ball rate in 51 innings for the Cubs in 2011 and has also drawn interest from the Phillies.
The Reds have maintained interest in re-signing Cordero throughout the offseason. 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 Cincinnati this past season and has drawn interest from other clubs, including the Angels.