According to a baseball source, cited by both the Inquirer and Phillies.com, left-hander Dennys Reyes has agreed to a one-year contract worth $1.1 million with a 2012 mutual option for $1.35 million.
Beerleaguer: It's essentially the same contract and structure Beerleaguer had anticipated if these two sides do indeed come to terms. Reyes is, without question, a mediocre left-handed specialist at this point in his career and is beginning to break down physically. That's why he isn't in the same tier as guys like Pedro Feliciano, Brian Fuentes, Scott Downs, or even Arthur Rhodes. The rotund lefty has had knee problems in the past and pitched through elbow soreness in the second half of 2010, posting a 3.55 ERA in 59 appearances for the Cards, including a discouraging .307 BAA against lefties. His career splits are obviously much stronger. The Phillies are no strangers to veteran specialists with lingering elbow problems (J.C. Romero, Scott Eyre) and were able to milk every last ounce of usefulness from their bodies. I expect them to do the same with this soon-to-be 34-year-old vet, whose performance could have a direct correlation with workload. But who knows? Charlie Manuel could get 70 appearances from him and be just fine.
Notes: The Rule 5 Draft will be held today. The Phillies select 30th. Ruben Amaro Jr. told reporters there is only a 50-50 chance they make a selection. Left-handed reliever Jacob Diekman and hard-throwing right-hander Heitor Correa were listed in seperate reports on MLB.com and Baseball America as Phillies who could be selected. ... According to SI.com's John Heyman, the Yankees are offering a seven-year contract to former Phil Cliff Lee.