From Ken Rosenthal:
The Cincinnati Reds, moving toward the first big acquisition of the Dusty Baker era, are in serious talks with free-agent closer Francisco Cordero, major-league sources say.
Cordero is still talking to three clubs, but it is believed that the Reds have emerged as the front-runner over the Brewers and an unidentified third team.
Update [2007-11-23 17:30:8 by boobs]: Looks like it's official. link
The Brewers, who are on the verge of losing setup man Scott Linebrink to the White Sox, offered Cordero a four-year, $42 million contract, sources say.
Cordero, 32, would fill a major void for the Reds, who last season converted only 54.8 percent of their save opportunities, the lowest percentage in the National League.
By signing Cordero, the Reds could shift right-hander David Weathers back to a setup role. Weathers, 38, performed admirably as a fill-in closer last season, converting 33 of 39 save chances.
Cordero was 44-for-51 for the Brewers while going 0-4 with a 2.98 ERA and striking out 86 in 63 1/3 innings. He made the All-Star team for the second time in his career.
Very interesting. Big contracts for closers can always be risky, but I see good things with Burton and Weathers in set-up and Cordero closing. We'd have two legit power arms in Burton and Cordero which could be a plus.
Here is a take from MLB Trade Rumors
According to Rosenthal, the Reds have emerged as front runners. Competing are the Brewers and a mystery team, possibly the Yankees, who expressed interest in Cordero if Mariano Rivera bolted town. The closer has since returned, though, likely eliminating the Yankees from consideration. The Astros are also believed to be interested in Cordero, though the same can be said for about 80 percent of the free agent market.
This would move David Weathers back to a setup role, where he would fit in well. The Reds bullpen would still be weak, but at least they'd improve on their league-worst 54.8 percent save conversion rate.
It appears that the Reds front office believes the team can contend in the next two years. Why else give big money (and forfeit a second round pick) for a big-name closer? The Reds have considerable young talent in Joey Votto, Josh Hamilton, Jay Bruce, Brandon Phillips, and Edwin Encarnacion, in addition to Ken Griffey Jr. and Adam Dunn.
Combined with Scott Hatteberg, who had an effective year in limited duty, the Reds might actually have a logjam of sorts in the outfield and first base. Could they possibly move some of the excess for some pitching help? Adding another bullpen arm or a starter to go along with Aaron Harang, Bronson Arroyo, and Homer Bailey could be the keys to the Reds contention.
You gotta agree a lot with what is said.