The New York Yankees are close to dealing for former Red Sox hurler Bronson Arroyo from the Reds according to fanhouse.com.
The 32-year-old righty is signed to make $4 million for the rest of this season, $11 million in 2010 and either a $2 million buyout or a $11 million option in 2011. This year, Arroyo is 10-9 with a 5.21 ERA, but has pitched well as of late, posting a 2.08 ERA in his last three starts.
Fanhouse reported Monday that:
Reds top officials met via conference call this morning, an indication to one big-league source that they were "close to a deal." Arroyo has since been removed as the Reds probable pitcher for Tuesday.
The report also states that the deal is hinging on how much of Arroyo's contract the Reds are willing to eat. The Bronx Bombers have been using Sergio Mitre in the rotation, a pitcher who has taken the slot of Chien-Ming Wang, who has been struggling all season-long and recently came down with a convenient shoulder injury.
"It will get done," the source told fanhouse, who also reported that New York is still showing interest in Ian Snell and Cliff Lee.