What is a buy low reclamation project anyway? It is a player whose production is down but has potential to improve. There was a time Chris Carpenter, Brandon McCarthy, Jerome Williams, Kyle Lohse and others were on scrap heaps before putting their promise back together. Cliff Lee and Zach Greinke could have been buy low candidates at one time in their careers.
Liriano is a candidate because he has struggled recently just as the players mentioned above did at one time. But he has a career k-rate of 8.99 which is excellent. He struggles with his control at times but has shown the capacity to get it back. From 2009 to 2010, he improved his walk rate from 4.3 to 2.7 with his ERA dropping more than two runs a game.
What should be expected from Liriano? It is impossible to tell that. He still throws very hard so he works with Bob McLure and hopes to find some answers to his control problems. The problems are obviously mechanical and mental so success is possible.
If Buchholz and Bard continue to struggle or someone gets hurt, I would rather have more than Dice-K or Cook to fall back on. The Liriano of 2010 and 2006, when he demonstrated control, was a very good pitcher.