Well, the Reds certainly opened up the pocketbooks on this one. Yahoo's reporting that Francisco Cordero signed with Cincy for $46M over 4 years, which averages to $11.5M per year. Yahoo is also reporting that the Cordero contract includes a team option for a 5th year at approx. $11M.
This is the largest four-year deal ever for a closer, surpassing Billy Wagner's $43M/4 deal with the Mets two years ago. It's not the richest contract ever for a closer, that would be Mariano Rivera's $45M/3 deal with the Yankees a week ago, but it's still a ton of money.
So what does everyone think about this one? Cordero's got sick stuff and all, but he walks a few too many batters for my taste. I don't think the move to GAB will hurt him as much as most, since he's familiar with pitching in offensive environments in Texas and Milwaukee.
Another blow for the Milwaukee bullpen, which has now lost both Cordero and Linebrink, although with Scott perhaps it's addition by subtraction. Both departures were probably expected, so I'm sure the front office has a plan to shore the pen up. It'll be interesting to see how Melvin responds. The last 2 years, he's gone ouside the system and acquired bullpen pieces via trade.