Reds Decline Option on Francisco Cordero...Pick Up Option on Brandon Phillips

Jim Labarbara Music Professor

The Cincinnati Reds declined the $12 million dollar option for 2012 on the contract for closer, Francisco Cordero.  As announced at the end of the season the Reds picked up the option for 2012 on the contract of Brandon Phillips.

The Reds and Phillips continue talks on a contract extension.

The Reds assigned the contracts of  RHP Jared Burton and RHP Daryl Thompson outright to Louisville.  The Reds selected the contract of OF Denis Phipps.

Matt Maloney was claimed on waivers by the Minnesota Twins.