Heath Bell

The last time a team traded Heath Bell, they ended up regretting it, but the 2006 deal that sent Bell and Royce Ring from the Mets to the Padres for Jon Adkins and Ben Johnson hasn't prevented the 33-year-old closer from appearing in a near-constant stream of trade rumors.

We checked in on Bell’s trade value before the 2010 season started and again last May. The rumors continued throughout the summer and restarted last offseason, when a deal seemed distinctly possible. Now that the Padres are off to a 19-29 start, the rumors have started once again.

The Rangers and a number of other teams have inquired on Bell, so let’s take stock of his trade value yet again (though the Padres are just listening at this point). He can still pitch, though he’s succeeding with a different method this year. Bell has a 2.12 ERA with nine saves and though his strikeout rate has dropped to 6.4 K/9, his ground ball rate is up to 54.9%. His fastball checks in at an impressive 93.4 mph.

Demand for a pitcher with numbers like that figures to be strong, especially since Bell has a track record of All-Star level production. A number of contenders – the Angels, Rangers, Tigers and Cardinals, for example – could use relief help and may have interest in Bell. Consider that few teams appear ready to sell and his value only increases.

Bell makes $7.5MM this year and hits free agency after the season, which will limit his value to an extent. Not every team has a few million kicking around for a mid-summer acquisition, especially one who’s on the brink of free agency.

Bell should net his team a pair of high draft picks in 2012, which increases his trade value. He was first among all NL relievers in last year’s Elias rankings and though this year’s rankings have yet to be determined, another stellar season figures to place Bell in Type A territory. That means the Padres or any other team would be able to obtain two picks by offering arbitration, assuming Bell turns it down.

Though Bell could technically accept arbitration and take a one-year deal for $10MM or so, that seems highly unlikely. He said while discussing an extension this spring that his “biggest thing is that [he’d] like three years." And he has surely noticed that teams are willing to part with draft picks for top relievers. Clubs grumble about it, but they have surrendered draft choices to sign Scott Downs, Grant Balfour, Rafael Soriano, Jose Valverde, Mike Gonzalez, Billy Wagner, Juan Cruz, Brian Fuentes and Francisco Rodriguez over the course of the past three offseasons.

If the Padres don’t like the offers they receive, they can sit back, offer Bell arbitration and obtain a pair of high picks in 2012. Given Bell’s history of production, his 2011 success and the number of contenders with bullpen issues, the Padres may not have to wait a year to cash in on Bell. I won’t be surprised if some team offers the Padres a top prospect for their closer this summer in spite of his generous salary.

The Padres' Heath Bell has been one of baseball's best closers over the past two-plus seasons, racking up 89 saves in 2009-10. Though he's undoubtedly benefited from the pitcher-friendly dimensions of his home digs, PETCO Park, Bell's output is no fluke: He's posted closer-worthy peripherals since establishing himself as a big league reliever.

Now in the final year of his contract before free agency, however, Bell, 33, is a trade candidate on a cost-conscious Padres team that may not be able to afford investing too heavily in a closer. As well, the Friars have excellent setup men in Mike Adams, Luke Gregerson and Chad Qualls, any of whom could capably take over closing duties if need be.

Earlier this year, Bell expressed that he'd like to stay in San Diego, and a rumors of an extension were cropping up. Those talks have cooled, however, and thought it's too early to write off any team, the Padres are six games under .500 through their first 34 tilts and struggling considerably on offense. In fact, Tim Sullivan of the San Diego Union-Tribune wrote that the Padres should think about peeling off a reliever – perhaps Bell – now, to beef up their lineup.

Bell, like the Mets' Francisco Rodriguez, could be an intriguing rental for a contending team looking to bolster its bullpen, and unlike K-Rod, Bell's contract doesn't include that tricky games-finished option, meaning an acquiring team could use him at will.

Here's a list of some teams that could be in the running for Bell's services, should he be made available:

• Cardinals. You don't need to follow the @closernews Twitter feed to know that the Redbirds have been unsettled in the ninth inning recently. Bell could be the linch pin to a bullpen that can't seem to produce a clear-cut closer.
• Rangers. Neftali Feliz is a top-flight closer, but his recent stint on the DL exposed Texas' relatively thin relief corps. Bell could be an ideal setup man and spot-closer when the Rangers want to rest the younger pitcher's prized arm.
• Phillies. Brad Lidge, currently on the DL, is on the mend but is injury- and slump-prone, and Jose Contreras is hurt, too. Bell could solidify the Phils' bullpen with Ryan Madson and the emergent Antonio Bastardo. Remember: The Phils are a win-now team in a big market, so they'd probably make a deal like this if they think it'd put them over the top.
• Marlins. The Marlins' early success has surprised some, largely on the strength of a revamped, so-called no-name bullpen – including the likes of Michael Dunn, Ryan Webb and Brian Sanches. Still, closer Leo Nunez has struggled in the past, and Bell would probably become their best reliever.
• Indians. The Tribe are another pleasant surprise getting by with an unheralded bullpen, and Bell could make a formidable late-inning duo with closer Chris Perez.