Rockies signed RHP Steve Reed to a one-year, $625,000 contract with a mutual option.
Reed certainly could have done better than this elsewhere, but he wanted to stay in Colorado. This means we have take back our comment that declining his option was a stupid move. It actually saved the Rockies $225,000. Reed will make $600,000 in 2004. The $650,000 mutual option for 2005 contains a $25,000 buyout.