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Mark Sheldon at MLB.com is reporting that RHP Francisco Cordero has officially signed with the Reds.
Sheldon writes…
“Terms were not revealed, but a baseball source told MLB.com that the deal was worth $46 million in guaranteed money, with a fifth-year option worth an additional $12 million.
In terms of guaranteed money, Cordero’s contract is the largest ever for a reliever and it’s also the largest free agent signing in Reds history.”
…the brewers bullpen suffers yet another blow thanks to a struggling team willing to overpay in order to try and improve. i know some people hoped for the mets to land cordero, but there was never a realistic chance of that happening. cordero wanted to close, and wagner isn’t going anywhere…
and he really wasn’t that good. This deal is going to be an albatross to them.