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Reds Notes: Votto, Phillips, Madson

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Joey Votto’s under contract for two more seasons, but recent deals for Prince Fielder and Albert Pujols show it won’t be easy to keep the first baseman in Cincinnati beyond 2013. Earlier today I suggested it could cost upwards of $160MM in additional commitments to keep Votto in a Reds uniform through 2020. Here’s the latest on the Reds, starting with Votto…

  • Reds CEO Bob Castellini believes the team could initiate extension talks with Votto this year, MLB.com’s Mark Sheldon reports. "I think Walt has been in pursuit of that for a while," Castellini said. "It's something we know is a big challenge for us. It's certainly is desirable."
  • Brandon Phillips says he’s going to leave discussions about an extension up to his agent, according to John Fay of the Cincinnati Enquirer. “I'm not tripping about it,” the second baseman said. 
  • The MLB Players’ Association values Ryan Madson’s contract with the Reds at $8.25MM, Ken Rosenthal of FOX Sports tweets. One third of Madson’s $6MM salary is deferred without interest in 2012, Rosenthal writes. The deal includes an $11MM mutual option for 2013 with a $2.5MM buyout.

Extension Candidate: Joey Votto

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With Prince Fielder and Albert Pujols off of the market, Joey Votto is officially the next MVP-caliber first baseman scheduled to hit free agency. The 28-year-old will become available two years from now, after the 2013 season, and if he continues producing, he’ll obtain a mega-contract of his own. 

Joey Votto - Reds

Talk of a Brandon Phillips extension has persisted throughout much of the Reds’ offseason, but Votto, who signed a three-year deal just 12 months ago, is a candidate for a long-term deal of his own. The Reds are poised for a big year after acquiring Mat Latos, Ryan Madson and Sean Marshall, and may prefer to wait until after the season to explore a new contract for the first baseman.

If and when they do discuss a deal, there’s no indication the Reds are going to get a hometown discount from Votto. The Etobicoke, Ontario native finds himself well-positioned for a nine-figure contract. In the past five years, six first basemen have signed deals worth at least $100MM, and those contracts, which are listed below in chronological order, provide a frame of reference for agent Dan Lozano and Reds general manager Walt Jocketty:

  • Miguel Cabrera, Tigers – eight-year, $152.3MM contract signed 3/24/2008 (deal includes six free agent years at average annual value of $21MM each plus two arbitration years)
  • Mark Teixeira, Yankees – eight-year, $180MM contract signed 1/6/2009 (AAV of $22.5MM)
  • Ryan Howard, Phillies – five-year, $125MM contract signed 4/26/2010 (AAV of $25MM)
  • Adrian Gonzalez, Red Sox – seven-year, $154MM contract signed 4/15/2011 (AAV of $22MM)
  • Albert Pujols, Angels – ten-year, $240MM contract signed 12/8/2011 (AAV of $24MM)
  • Prince Fielder, Tigers – nine-year, $214MM contract agreed to 1/24/2012 (AAV of $23.78MM)

Back in November, before Pujols and Fielder signed, Ken Rosenthal reported that Reds CEO Bob Castellini appears to believe an extension for Votto is possible. Talks haven't begun yet, according to Jocketty. The GM told John Fay of the Cincinnati Enquirer yesterday that he hopes to keep Votto in Cincinnati for “a while.” The Reds haven't had a payroll over $81MM since hiring Jocketty and if accommodating Votto's salary in 2012, when he earns $9.5MM, or in 2013, when he earns $17MM, seems difficult, then buying out his free agent years surely will, too.

Securing free agent years from the first basemen above cost a minimum average annual value of $21MM. Cabrera and Howard were two years away from free agency when they signed their contracts and Gonzalez was one year away when he signed his, but they didn’t have to sign at a discount. Neither will Votto. 

If the Reds wanted to lock the 2010 NL MVP up now, I expect it would cost at least seven additional years for $23MM or so per season. Adding a $161MM commitment to the $26.5MM on Votto’s current contract would keep Votto in Cincinnati through his age 36 season — the same age through which Gonzalez, Fielder, Howard and Teixeira are under contract.  

An extension for Votto would be an immense investment for a small-market team such as the Reds, but there’s a dearth of power on the free agent market and the power bats who do become available get paid. In an offseason when the Yankees, Mets, Red Sox and Dodgers weren’t serious bidders for first basemen, Pujols and Fielder signed the third and fourth largest contracts in MLB history. Votto would seem to be next in line for a nine-figure free agent payday, so the Reds will have to spend big — probably $160MM-plus — to keep him in place.

Photo courtesy Icon SMI.

Quick Hits: Braves, Fielder, Reds, Cespedes, Dodgers

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On this day last year, the Rangers traded Frank Francisco and cash considerations to the Blue Jays for Mike Napoli.  Toronto pulled the trigger on the swap just four days after acquiring Napoli from the Halos.  Here's a look at tonight's links..

  • The Braves have set a player payroll budget of $94MM for this year, leaving them with several million dollars still to spend, chairman and CEO Terry McGuirk told Tim Tucker of the Atlanta Journal-Constitution.  McGuirk also said that Liberty Media has expressed no intention of selling the club in the near future.  Also of note is that the club is locked into a 25-year local TV deal that will prevent the franchise from cashing in on MLB’s trend toward higher telecast rights fees.
  • The Rangers' bid for Prince Fielder was much shorter than nine years, tweets Jon Heyman of CBSSports.com.
  • The Reds are probably done handing out big league deals this offseason, tweets John Fay of the Cincinnati Enquirer.  Earlier tonight, the club reached agreement on a minor league deal with Jeff Francis.
  • Jim Bowden of ESPN.com (via Twitter) ranked Yoenis Cespedes' most probable destinations in the following order: Cubs, Marlins, Orioles, and White Sox.
  • Peter Ueberroth says he's heard from several groups bidding on the Dodgers but rebuffed them all, according to Bill Shaikin of the Los Angeles Times (via Twitter).
  • C. Trent Rosecrans of CBSSports.com examined what's left on the open market.
  • Free agent Raul Ibanez believes that a three-day session that he had in December with Cubs hitting coach Rudy Jaramillo will be key to a bounce back season in 2012.  Last season, Ibanez hit .245/.289/.419 in 575 plate appearances for the Phillies.
  • Orioles executive vice president Dan Duquette is zeroed in on improving the club's on-base percentage this winter, writes Eduardo A. Encina of The Baltimore Sun.
  • Rival executives applaud Fielder for signing on with a winning club rather than signing with a struggling club just for the money, Heyman tweets.

Reds, Francis Agree To Minor League Deal

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The Reds have agreed to sign free agent left-hander Jeff Francis to a minor league deal, tweets Jon Heyman of CBSSports.com.  The 31-year-old is represented by Frontline Sports Management.

Last week it was reported that Francis was gaining interest from clubs, including the Reds, Mariners, Blue Jays, and Mets. The Cubs were also linked to the veteran before the New Year.

Francis spent 2011 with the Royals, posting a 4.82 ERA with 4.5 K/9 and 1.9 BB/9 across 31 starts.  His 183 innings of work was his highest total since 2007, the season before he suffered a shoulder injury which required surgery and caused him to miss the entire 2009 campaign.

Ken Rosenthal of FOX Sports (via Twitter) first reported that the two sides were nearing an agreement.

Reds, Masset Sign Extension

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The Reds signed arbitration eligible reliever Nick Masset to a two-year extension, the team announced (on Twitter). As MLBTR's Arbitration Tracker shows, Masset had filed for a $2.9MM salary through arbitration, while the Reds had countered with $2.1MM. The deal is worth a guaranteed $5.5MM and includes performance bonuses, MLBTR has learned. 

Masset is arbitration eligible for the third of four times as a super two player, so the deal buys out his two remaining seasons of team control. The 29-year-old posted a 3.71 ERA with 7.9 K/9 and 4.0 BB/9 in 70 1/3 innings in 2011. The Jet Sports Management client is still on track to hit free agency after the 2013 season.

Jose Arredondo, another extension candidate, is the Reds' lone unsigned arbitration eligible player.

Reds Acquire Wilson Valdez

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The Reds announced that they acquired infielder Wilson Valdez from the Phillies for left-hander Jeremy Horst (Twitter link). Horst will be in Major League Spring Training as a non-roster player, according to the Phillies, who now have two open spots on their 40-man roster.

Valdez, 33, posted a .249/.294/.341 line in 300 plate appearances for the Phillies in 2011, playing second, third and short. He even pitched an inning, picking up a win against the Reds in May. He'll earn $930K in 2012.

Horst made his MLB debut in 2011, posting a 2.93 ERA with a 9K/6BB ratio in 15 1/3 innings. The 26-year-old also posted a 2.81 ERA with 7.4 K/9 and 2.5 BB/9 in 51 1/3 innings at Triple-A last year.

Reds, Francis Close To Deal

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The Reds are close to signing free agent left-hander Jeff Francis to a minor league deal, a source tells Ken Rosenthal of FOX Sports (via Twitter).  Last week it was reported that Francis was gaining interest from clubs, including the Reds, Mariners, Blue Jays, and Mets.

Francis spent 2011 with the Royals, posting a 4.82 ERA with 4.5 K/9 and 1.9 BB/9 across 31 starts.  His 183 innings of work last season was his highest total since 2007, the season prior to suffering a shoulder injury.

Blue Jays To Sign Francisco Cordero

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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.

It's been a busy week for the Blue Jays, who signed Omar Vizquel last night and extended Brandon Morrow this morning. The Cordero agreement seems to remove them from the Koji Uehara trade talk.

Rosenthal On Lincecum, Jackson, Red Sox, Abreu

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The Prince Fielder sweepstakes are nearing an end, Ken Rosenthal of FOX Sports wrote earlier this morning. Click here for the latest on Fielder and continue reading for Rosenthal’s rumors…

  • It appears likely that Giants starter Tim Lincecum will sign a two-year deal in the $41-42MM range, Rosenthal writes. The Giants and their ace right-hander exchanged arbitration submissions last week and the club has since offered Lincecum a deal worth $100MM-plus.
  • It’s possible that Edwin Jackson will sign a one-year contract, like fellow Scott Boras client Ryan Madson. The Red Sox and Mariners could be interested in Jackson if he’s willing to sign for one year. 
  • The Red Sox aren’t pursuing Wandy Rodriguez, according to Rosenthal.
  • The Orioles could be a logical trade partner for Yankees right-hander A.J. Burnett in Rosenthal’s estimation.
  • The Red Sox seem to have interest in acquiring an everyday shortstop and the Reds, Giants and Rays are looking for veteran shortstop help, Rosenthal writes. 
  • Free agent infielder Ryan Theriot would prefer to stay in the National League, unless he can obtain a starting job.
  • Earlier in the offseason the Astros inquired about Ian Desmond, who hasn’t convinced everyone with the Nationals that he’s their long-term solution at shortstop.
  • Some teams would play Gordon Beckham at short, according to Rosenthal. Beckham has only played second and third in three seasons at the MLB level.
  • The Angels aren’t ready to trade Bobby Abreu, who could be a fit for Detroit’s DH opening.

Reds Notes: Oswalt, Theriot, Bench Help, Dusty

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Here's the latest on the Reds, from John Fay of the Cincinnati Enquirer…

  • Roy Oswalt's representatives contacted the Reds, according to Walt Jocketty, though the GM doesn't "think it’s something we’d able to do. We’re pretty tapped out (as far as payroll).”  Jocketty said that to sign Oswalt, the Reds would have to be "very creative" and probably make another move to create payroll space.  The club was able to sign Ryan Madson earlier this month since some money had already been set aside to pursue Francisco Cordero.  Johnny Cueto, Mat Latos, Mike Leake, Homer Bailey and Bronson Arroyo project as Cincinnati's current rotation.
  • Despite signing Willie Harris earlier today, Jocketty says the Reds are still looking for bench help.  The club has had no recent contact with Ryan Theriot, after talking to Theriot's representatives in December.
  • Dusty Baker talked to Fay about the Reds' offseason acquisitions.  The manager noted that the Madson signing "came up at the last minute" since the team was still targeting Cordero, and that Chris Heisey will receive plenty of time in left field despite the presence of Ryan Ludwick.
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