Reds Notes: Riggleman, Phillips, Cordero, Bell

Here's a look at some Reds news..

• The Reds have made an offer to Jim Riggleman to manage their Double-A affiliate in Pensacola and he's likely to accept, tweets SI.com's Jon Heyman.
• It sounds like the Brandon Phillips extension will get done, writes John Fay of the Cincinnati Enquirer.  General Manager Walt Jocketty says that it’s a “complicated contract,” which will take time to be ironed out.  That leads Fay to believe that the deal likely involves deferred money.
• More from Fay, as he has the impression that the Reds hold little hope of re-signing Francisco Cordero.  Fay writes that the Reds might be able to get Cordero back at one-year deal in the $7MM range but would rather see the club turn to an in-house solution instead.
• Fay also writes that David Bell’s promotion to Triple-A manager could be a prelude of things to come.  The former major league third baseman is probably the top candidate to replace Dusty Baker if the club decides to go in a different direction.
• Heyman (via Twitter) also hears that the Phillips extension talks are going well with the Reds, but doesn't know if the two sides are close to a deal.  Phillips, who is set to make $12MM in 2012, tweeted on Tuesday that talks are moving in the right direction.
• The Reds have talked to Jim Riggleman about a possible job in their organization, Heyman tweets.