Brad Penny signed a one-year contract worth $5 million on Friday. Penny's salary is drastically low because of his poor performance last year (6-9, 6.27 era). If the Reds could've received Penny for $5 million why wouldn't they make a run at him? I think he took a pay-cut to play for a good team but if this isn't true then I don't know why the Reds wouldn't make the 6'4 hard-thrower an offer. He was injured and not 100% when he pitched last year. When you look at his numbers from 2006 and 2007 they're pretty good (2006: 16-9, 4.33 era, 2007: 16-4, 3.03 era). If you don't recall Penny was actually a Cy Young candidate when healthy in 2007.
Would you pay $5 million a year for him? Imagine if Penny started off the year with a great record and era, he could be used as trade bait then to contenders at a low cost and high return to the Redlegs.