The Rockies offered Kevin Millwood a guaranteed $1MM prior to acquiring Kevin Slowey at the Winter Meetings, reports Troy E. Renck of the Denver Post. The Millwood offer included approximately $1MM more in incentives, but the 37-year-old righty sought $3MM guaranteed. With Slowey having agreed to a $2.75MM salary, Renck says the Rockies have little room in the budget for Millwood.
The Rockies have not ruled out Millwood, but their budget for veteran starting pitching depth doesn't seem to have much flexibility. It'd be surprising to see Millwood score $3MM guaranteed on the strength of nine big league starts, but he does have baseball's toughest agent in Scott Boras.
The Rockies are not currently pursuing a reunion with free agent lefty Jeff Francis, writes Renck. As of right now, all projected members of the Rockies' 2012 rotation are under 30.