Nov 23, 2007 4:38 PM EST

The Cincinnati Reds, making their first big acquisition of the Dusty Baker era, have reached a preliminary agreement with free-agent closer Francisco Cordero on a four-year, $46-million contract, major-league sources say.

The deal, which is pending a physical, includes a club option for a fifth year that can bring the total value of the package to $57 million.

The Brewers, who are on the verge of losing setup man Scott Linebrink to the White Sox, offered Cordero a four-year, $42 million contract, sources say.

Via FoxSports