The Rockies have some interest in Brad Penny, who was just released by the Red Sox, according to Troy Renck of the Denver Post. Renck sees indications that the Rockies have a decent shot at signing Penny, who should clear waivers Monday. At that point, Penny would cost the team less than $100k.
The Rockies, who had some interest in Penny over the winter, need pitching depth now that Aaron Cook appears likely to miss at least two more weeks. The club recently stashed Russ Ortiz in Triple A, so he could provide depth if they don't add Penny.
As Buster Olney pointed out this morning, Penny may embrace the chance to compete in the same division as his former team, the NL West-leading Dodgers.