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Reds, Edinson Volquez Nearing Deal

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4:31pm: The two sides are close to a one-year contract worth around $1.6MM, reports Enrique Rojas of ESPN Deportes (via Twitter)

10:52am: Reds GM Walt Jocketty expects to reach an agreement — likely a one-year deal — this weekend with arbitration-eligible starter Edinson Volquez, tweets John Fay of the Cincinnati Enquirer.

It has seemed likely that the Reds and Volquez would avert an arbitration hearing all along, but the question has persisted whether they'd agree on a one- or multi-year deal. Volquez apparently preferred a one-year deal, blogs Fay.

Cincinnati's other young, arbitration-eligible stars — Jay Bruce, Joey Votto and Johnny Cueto — have all signed multi-year deals this offseason, buying out their arbitration eligibility.

Volquez, though, is coming off consecutive truncated seasons on account of Tommy John surgery and a 50-game suspension for using PEDs.

Jim Edmonds Likely To Retire

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Jim Edmonds is probably going to retire, according to Reds GM Walt Jocketty, blogs John Fay of the Cincinnati Enquirer.

Edmonds has been contemplating whether he'd return in 2011 after playing well (.276/.342/.504) in 86 games with the Brewers and Reds in 2010. Unsatisfied with contract offers after the 2008 season, he sat out all of 2009.

Despite Edmond's surprisingly solid effort in 2010, it's unlikely that his retirement will have much of a ripple effect on any rosters. He might only have gotten a minor-league deal this offseason, anyway, as he did last offseason from the Brewers.

If this is the end for Edmonds, it will have been a heck of a career. In 17 seasons, he's hit .284/.376/.527, claimed eight Gold Gloves and won a World Series with the Cardinals in 2006.

Quick Hits: Farnsworth, Durbin, Izzy, Duchscherer

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Here are a few items of note for Jan. 29, 53 years to the day after Stan Musial became the National League's highest-paid player with the one-year, $100K contract he signed with the Cardinals …

  • The Rays will pay Kyle Farnsworth $2.6MM in salary in 2011, tweets Marc Topkin of the St. Petersburg Times. If Farnsworth's option for 2012 is picked up, he will earn $3.3MM that year. If it's declined, the buyout is $650K. The deal also includes up to $300K in incentives for games finished.
  • The Phillies have not re-signed free-agent reliever Chad Durbin because he is seeking a two-year deal at a higher annual salary than the club is comfortable giving him, tweets Jayson Stark of ESPN.com. Philly is also intent on preserving the roster spot for the sake of grooming younger relievers, according to Stark.
  • The Reds will decide whether to sign free-agent reliever Jason Isringhausen after watching him throw a bullpen session on Monday in Arizona, tweets John Fay of the Cincinnati Enquirer. Isringhausen signed a minor-league deal with the Reds last July but did not appear in any games for them. He last appeared in the big leagues with the Rays in June 2009, a stint that ended when he suffered an arm injury that required Tommy John surgery.
  • The Orioles remain fairly interested in free-agent pitcher Justin Duchscherer after receiving positive feedback on the right-hander's Friday bullpen session, blogs Roch Kubatko of MASNsports.com.

Rangers, Daniels Negotiating Extension

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The Rangers are negotiating a contract extension with general manager Jon Daniels, writes Richard Durrett of ESPNDallas.com.

Rangers president Nolan Ryan said on Jan. 20 that he expects Daniels' extension to be finalized before Spring Training, Durrett notes.

Daniels' current contract, negotiated with former Rangers owner Tom Hicks, expires after the 2011 season. That contract includes an opt-out clause in the event that ownership changed hands — which it did — but Daniels has insisted that he's happy with the Rangers and wants to remain with them.

Daniels was the youngest GM in baseball history at 28 when he originally signed on with Texas following the 2005 season. He has helped bring the organization to prominence, culminating in a World Series berth in 2010.

For a comprehensive look at all of Daniels' moves as a GM, check out our Transaction Tracker.

Olney On Mets, Young, Figgins

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The fallout continues from the Mets' announcement on Friday that a portion of the team is up for sale, writes Buster Olney of ESPN.com. Here's Olney's take, as well as some other items of note …

  • The Madoff scandal could prove to be a turning point in Mets history if it leads to a change in the team's ownership. The financial implications go a long way toward explaining why the Mets' baseball-operations staff has been on a shorter payroll leash since the signing of Jason Bay, and one has to wonder how long the Mets will be operating in that mode as the legal process plays out. To that end, signing a big-ticket free agent like Albert Pujols in the near future would be difficult. Finally, was new GM Sandy Alderson aware of the Mets' financial standing when he took the job?
  • Rangers president Nolan Ryan and manager Ron Washington are on record as saying that Michael Young will be with Texas on Opening Day, as Young is well-liked by the organization and will be useful in the super utility role. Both the Rangers and Rockies say that trade talks regarding Young have not been rekindled.
  • The Athletics' rumored pursuit of Chone Figgins makes sense if you consider that he fits Oakland's preference for acquiring players who are fast and defensively sound. To boot, Figgins would cost the A's only about 60 percent of what they were willing to spend on free-agent Adrian Beltre, who signed with the rival Rangers. Olney interprets Mariners GM Jack Zduriencik's comment that Figgins is the Mariners' third baseman as a, "no comment."

Vladimir Guerrero Rumors: Saturday

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10:23am: Orioles president of baseball operations Andy MacPhail said that there's no timetable on a Guerrero decision, tweets Brittany Ghiroli of MLB.com.

9:06am: The Orioles are "settled" on their position in contract negotiations with free-agent Vladimir Guerrero, tweets Buster Olney of ESPN.com.

The O's offer to Vlad stands at $4.5-5MM, and if that's not enough to land him, Baltimore is OK with that, Olney says.

This, of course, after several days of hard bargaining between the Orioles and Guerrero.

Phillies Interested In Signing Jason Grilli

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The Phillies are interested in signing free-agent reliever Jason Grilli to a minor-league deal, writes Paul Hagen of Philly.com.

Grilli, a right-hander, last pitched for the Rangers in 2009. He signed a minor-league deal with the Indians prior to last season before suffering a knee injury that cost him all of the 2010 campaign.

Grilli's best season in the Majors (3.00 ERA) came in 2008, when he split time with the Tigers and Rockies. For his career, he has a 4.74 ERA over 356 2/3 innings.

Grilli, 34, is a former first-round pick of the Giants and has pitched for five teams.

Pujols Would Veto All Trade Proposals

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The Cardinals are not seriously exploring the possibility of trading first baseman Albert Pujols because the superstar slugger, who has full no-trade protection, would veto any swap, writes Buster Olney of ESPN.com.

Pujols, slated to become a free agent after the 2011 season, is willing to work out a contract extension with St. Louis but has said that those talks will be tabled on Feb. 19, his first day at Spring Training, so as not to create a distraction.

That means, as Olney notes, the only remaining possibilities are that Pujols signs an extension with the Cardinals or becomes a free agent at season's end. The next 10 days are critical to the Cardinals' efforts to re-sign Pujols, tweets Olney.

Olney speculates that Pujols, who turned 31 this month, will probably command a contract similar to the one Alex Rodriguez signed with the Yankees following the 2007 season — somewhere along the lines of 10 years and $275MM.

For his career, Pujols has posted a ridiculous .331/.426/.624 over 10 seasons, never playing fewer than 143 games in any campaign.

Pirates To Sign Joe Beimel

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The Pirates officially announced that they have agreed to terms with Joe Beimel on a minor league deal. The contract will be worth $1.75MM in the major leagues plus up to $300K in incentives, according to Rob Biertempfel of the Pittsburgh Tribune-Review (on Twitter). Biertempfel notes that the Red Sox and Orioles offered the left-hander deals. Beimel's deal with the Pirates includes an out-clause that allows him to become a free agent if he doesn't make the team's Opening Day roster, but he's expected to make the club. 

Beimel, who went to Duquesne University in Pittsburgh and has ties to the area, was originally drafted by the Bucs in 1998 and made his big-league debut with them in 2001.

After breaking into the Majors in a swing role, Beimel has evolved into a well-travelled lefty specialist (limiting LHB to .259/.320/.400 in 929 career PA), having spent time with the Dodgers, Nationals and Rockies over the past three seasons. Beimel, who will turn 34 in April, has a 4.16 career ERA over 562 1/3 innings.

Troy Renck of the Denver Post first reported the agreement and MLBTR's Tim Dierkes learned that the left-hander had Major League offers and a two-year offer. 

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