Angels still in the mix to land Cordero

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.

In Anaheim, Cordero would supplant 24-year-old Jordan Walden, who finished last year with a 2.98 ERA and 32 saves but fell off in September. Cordero, 36, is a three-time All-Star with a career 3.17 ERA and 327 saves. Last year with the Reds, he posted a 2.45 ERA and a 1.019 WHIP, and converted 37 of his 43 save chances.

The market for Cordero has taken a while to develop, mostly because teams figured a return to Cincinnati was a foregone conclusion. Once Ryan Madson signed a bargain-rate one-year, $8.5 million deal to be the Reds’ closer, though, interest around the league intensified.

The Angels were one of the first teams to reach out to Cordero’s representative, Bean Stringfellow, and have been in touch throughout the offseason, according to a source. They’ve also been in touch with right-handed reliever Luis Ayala.

– Alden Gonzalez