"Free-agent closer Francisco Cordero expects to pick a team by the end of this week, and the Angels are one of four finalists for his services, a source with knowledge of the negotiations told MLB.com.

The identity of the other three clubs is not known at this point, but one of the four, the source said, is a championship-contending team looking to slot him in the eighth inning. That may be the Phillies, which could use a setup man for the recently signed Jonathan Papelbon. The Orioles have also reportedly been in touch. The Rays, which have a need in the ninth inning, are not one of those other three clubs, however.

At this point in the offseason, with the closer's market dried up and a return to the Reds seemingly not possible, Cordero is open to signing a one-year deal, which would be huge for an Angels club that has already inked Albert Pujols and C.J. Wilson to long-term deals this offseason and doesn't have much money to spend."