Originally posted on Fangraphs  |  Last updated 2/1/12

GM Alex Anthopoulos and the Blue Jays have made their deal with former Reds, Brewers, and Rangers closer Francisco Cordero — to a one-year deal worth $4.5 million — official, according to reports Jon Heyman of CBS.

A successful high-leverage reliever at one point, who struck out more than 25% of batters faced every season between 2003 and 2008, Cordero’s velocity — and with it, his performance — has declined in recent seasons. Last season, with his fastball velocity having dropped to 93.0 mph per PITCHf/x — from 95.0 mph in 2009, for example — Cordero posted his worst strikeout rate (15.3%) since 2000 and second-worst xFIP- (108). His fastball usage from last season — at a career low 37.4%, per PITCHf/x — reflects Cordero’s changed approach.

However, the deal is notable less for the specifics regarding Cordero (about which Jim Breen covered more in-depth last week) and more for what it represents in terms of the Blue Jays’ capacity for rebuilding a bullpen that was entirely gutted by the end of last season after a trade that saw Octavio Dotel, Jason Frasor, and Marc Rzepczynski go to St. Louis for center fielder Colby Rasmus.

This offseason, Toronto has traded for Sergio Santos (due just $1 million), reacquired Frasor ($3.75 million), signed Darren Oliver ($4.5 million), and now Cordero. That’s almost an entire bullpen for just under $14 million — i.e. just short of what Jonathan Papelbon will be making per annum for the next four years. As Alex Lewin demonstrated in a piece from late November, the risk associated with that sort of long-term reliever contract generally doesn’t merit the potential rewards. The Blue Jays are clearly proceeding with that notion in mind.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Report: Rockets have 'serious chance' at landing Chris Paul

MotoGP qualifying for the Dutch Grand Prix saw three frightening crashes Saturday

Report: Knicks attempted to move Joakim Noah with Kristaps Porzingis

Hornets GM mistakenly introduces Dwayne Bacon as Dwyane Wade

Three A's players knock first MLB homers in the same game

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Cuban-American businessman emerges as potential Marlins buyer

Charles Oakley: Kristaps Porzingis was ‘wrong’ to skip exit meeting

Ranking the toughest divisions in the NFL

Sixers already looking to extend Joel Embiid

WATCH: Klay Thompson fails miserably attempting a 360 dunk

Jays closer Roberto Osuna says he’s dealing with anxiety

Best of Yardbarker: Diana Taurasi makes history

The 'Finest running back from America’s Finest City' quiz

Players who need to turn around their season to save their teams

Sports & Politics Intersect: Washington gets a rare win

Three Up, Three Down: Flouting the written and unwritten rules of baseball

2016-17 NBA Awards: The Billy King Award for worst trade

Kicking it: David Villa isn't interested in a 'retirement tour'

Box Score 6/23: Philly continues to trust the process

The 10 best sports docs available for streaming

Feeding your roundball addiction through the summer months

The 'NBA Draft going back to school?' quiz

2016-17 NBA Awards: The Gary Payton Award for best trash talk of the year

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Best of Yardbarker: Diana Taurasi makes history

The 'Finest running back from America’s Finest City' quiz

2016-17 NBA Awards: The Billy King Award for worst trade

Players who need to turn around their season to save their teams

Three Up, Three Down: Flouting the written and unwritten rules of baseball

Sports & Politics Intersect: Washington gets a rare win

Kicking it: David Villa isn't interested in a 'retirement tour'

The 10 best sports docs available for streaming

Feeding your roundball addiction through the summer months

The 'NBA Draft going back to school?' quiz

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker