The Reds made a flurry of roster moves on Monday, most notably picking up the 2012 option on second baseman Brandon Phillips and declining closer Francisco Cordero's option.

Phillips' option was worth $12 million. So was Cordero's, but he will instead get a stipulated $1 million buyout and become a free agent.

"We'll still continue to talk to both players about long-term deals," said Reds general manager Walt Jocketty. "We didn't want to pick up Cordero for the amount of money it would be."