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Troy E. Renck of the Denver Post via Sulia:
With Hawkins given a chance to close initially, it takes the Rockies out of the running for Brian Wilson, Grant Balfour, Joaquin Benoit, Joe Nathan, ... Those guys will all likely get three year deals and closer's money... That means the Rockies, in my opinion, have to aggressively pursue relievers in the group that includes Mujica, Joe Smith and Jose Veras.
This one is more opinion than rumor, but Renck makes a good point on where the Rockies' focus should be, even after signing veteran LaTroy Hawkins to a one-year, $2.5 million deal to serve as their closer.
The Rockies bullpen ranked 28th in the MLB last season with a 4.23 ERA, and when you take standout setup man Rex Brothers (72 G, 1.74 ERA, 67.1 IP) away, that number climbs to 4.57 for a bullpen group that led all of baseball with 555.2 innings of work last season.
Smith has already signed with the Angels, and Mujica is likely going to command more money than the Rockies will be willing to pay, but Veras looks like a solid option. He pitched well in the eighth inning for a contending Tigers team, and he has closer experience should Hawkins falter.