The Brewers have inked reliever Todd Coffey to a one-year $800,000 contract, according to Troy Renck of the Denver Post. Coffey can earn an additional $200,000 in performance bonuses as well. He was entering his final year of arbitration.
This is another nice, low-risk bullpen signing for Melvin. Coffey pitched well for the Brewers down the stretch and could be a valuable arm in 2008. If he doesn’t perform well, they lose out on some money this year, but have no financial commitment going forward.
I think Melvin will probably try to add one more bullpen arm, but it’s likely it won’t be a big-name free agent. I believe the closer is already on the team. It’s just anyone’s guess who steps up and takes it (McClung, Villanueva, Julio, Riske?).