Source: Reds to sign Edgar Renteria

Updated: January 6, 2011, 2:01 PM ET
By Bruce Levine | ESPNChicago.com

The Cincinnati Reds will announce the signing of shortstop Edgar Renteria to a one-year contract Thursday afternoon, according to a source with knowledge of the situation.

The deal could be worth as much as $3 million with an incentive package.

Renteria was the 2010 World Series MVP for the San Francisco Giants.

Bruce Levine covers baseball for ESPNChicago.com and ESPN 1000.

Bruce Levine | email

Chicago baseball beat reporter
Bruce Levine has covered sports in Chicago for over 28 years and hosts "Talkin' Baseball," heard Saturday mornings on ESPN 1000.