The Reds took a big step backward in their first season under manager Bryan Price, and they now face a number of worrisome contracts and an uncertain future.
Guaranteed Contracts
- Joey Votto, 1B: $213MM through 2023
- Homer Bailey, SP: $96MM through 2019
- Brandon Phillips, 2B: $39MM through 2017
- Jay Bruce, OF: $25.5MM through 2016
- Raisel Iglesias, P: ~$20MM through 2020*
- Sean Marshall, RP: $6.5MM through 2015
- Manny Parra, RP: $3.5MM through 2015
- Skip Schumaker, UT: $3MM through 2015
- Sam LeCure, RP: $1.85MM through 2015
- Brayan Pena, C: $1.4MM through 2015
*The exact details of Iglesias’ seven-year, $27MM contract have not been reported, although it reportedly included a large signing bonus.
Options
- Johnny Cueto, P: $10MM club option ($800K buyout)
- Ryan Ludwick, OF: $9MM mutual option ($4.5MM buyout)
- Jack Hannahan, 3B: $4MM club option ($2MM buyout)
Arbitration Eligible Players (service time in parentheses; projections via Matt Swartz)
- Alfredo Simon, SP (5.142): $5.1MM projected salary
- Mat Latos, SP (5.079): $8.4MM
- Mike Leake, SP (5.000): $9.5MM
- Chris Heisey, OF (4.157): $2.2MM
- Logan Ondrusek, RP (4.125): $2.3MM
- Aroldis Chapman, RP (4.034): $8.3MM
- Zack Cozart, SS (3.084): $2.3MM
- Todd Frazier, 3B (3.071): $4.6MM
- Devin Mesoraco, C (3.028): $2.8MM
- Non-tender candidates: Ondrusek
Free Agents
2014 was a disappointing season for the Reds, who followed a 2013 Wild Card appearance with a sub-.500 finish in a year marred by injuries to Joey Votto, Brandon Phillips, Mat Latos, Homer Bailey and others. Going forward, they’re in a tough spot, and looking at the list of salaries and arbitration cases above, it’s not hard to see why. The Reds are a veteran team. They’re not old, exactly, but many of their stars are reaching, or have reached, that nexus where the Reds have to pay them what they’re worth, or even more than that.
It may be painful for the Reds to decisively address their payroll issue. They owe Votto, Phillips, Bruce and Bailey a total of about $48MM in 2015. In 2016, that number jumps to about $65MM, an enormous figure for a team that has never had an Opening Day payroll over $115MM.
So what can the Reds do? With the guaranteed salaries they already have in place for next season, and the raises they’ll have to pay key arbitration-eligible players like Aroldis Chapman and Mike Leake, it’s hard to imagine they’ll be serious bidders for top free agents.
They could make a few minor tweaks, hope for healthier and more productive seasons from their core players, and take one more run at contention. Beyond 2015, though, the Reds’ future becomes murkier, since Cueto, Latos, Leake and Alfredo Simon are all eligible for free agency. The Reds have a fairly good crop of starting pitching prospects led by a very strong one in Robert Stephenson, but replacing all their departing talent will be tough. It’s difficult, then, to see them fielding a competitive team in 2016 without getting very creative or lucky.
Another possible route for them this winter, therefore, might be to get a head start on their tricky 2016 season by trading Cueto for youth. Cueto’s $10MM option is a bargain in 2015, and he ought to be able to fetch a terrific return as a much cheaper and lower-risk alternative to Max Scherzer, Jon Lester or James Shields. Dealing Cueto for, say, an outfielder and two pitching prospects would allow the Reds to head into 2016 with those prospects supplementing a new-look rotation centered around Stephenson, Bailey, Raisel Iglesias, Tony Cingrani and perhaps one of Latos, Leake and Simon. Judging from the recent returns for pitchers like Jeff Samardzija (who had a year and a half of control before free agency but is a lesser pitcher) and R.A. Dickey (who had a year remaining before free agency and fetched two top prospects), a year of Cueto at a team-friendly salary could return two top-50 prospects or talented young big-leaguers. Another possibility, as ESPN’s Buster Olney suggests (Insider-only), is for the Reds to trade Cueto along with someone like Phillips to give their payroll some breathing room for the next few seasons.
The Reds could consider trades involving other starters as well, and MLBTR’s Mark Polishuk recently explored those possibilities. Bailey, who finished the year on the disabled list and has five years remaining on his contract, almost surely will not be traded. FOX Sports’ Ken Rosenthal recently cited Latos as the Reds pitcher most likely to be dealt, although that’s probably much less likely now than it was in August, since Latos missed most of September with an elbow injury. His diminished velocity in 2014 will likely also be an obstacle. Trading Simon, who’s coming off a very strong 2014 season, might provide the Reds with good return value, although it would only do so much to save them money. Dealing Leake, who projects to make $9.5MM in 2014 and doesn’t have a worrisome injury history, might make the most sense.
The Reds already began shedding salary for 2015 when they traded Jonathan Broxton to the Brewers in August, but it’s hard to get a read on their level of interest in more radical moves. GM Walt Jocketty (whose contract the Reds recently extended) told Joel Sherman of the New York Post that he still sees his team as a potentially competitive one. “This year is disappointing because of the injuries,” he said. “From the very beginning, we had 11 DL guys and eight were key. … I feel we still have a small window if the guys come back healthy.” While the Reds will keep Jocketty, though, they’re expected to make significant changes to their front office, so it’s hard to say whether Jocketty’s outlook might be swayed by whoever else the Reds end up hiring.
The Reds’ core of position players is mostly set for 2015, if only because most of their starters are either cost effective or difficult to move. The Reds were the worst offensive team in baseball in the second half of the season, hitting a paltry .221/.277/.326 since the All-Star break, with Billy Hamilton, Ryan Ludwick, Bruce, Phillips, Skip Schumaker and Brayan Pena all struggling. Hamilton, Bruce and Phillips appear likely to return, however. Hamilton provides most of his value in the field and on the bases, and the Reds probably have little choice but to either stick with Bruce and Phillips or trade them for meager returns.
The Reds are also set at catcher (with Devin Mesoraco posting a breakout season, and Pena signed through 2015), first base (where Votto’s contract will likely be impossible to move) and third base (where Todd Frazier quietly had a terrific year). That leaves shortstop and left field. Shortstop Zack Cozart is an awful hitter, but he provides plenty of value in the field, and he ended up with 1.4 fWAR in 2014 despite a .223/.269/.302 line. It might be possible for the Reds to upgrade at the position, perhaps with someone like Jed Lowrie. But given Cozart’s .256 BABIP this season, it would also be defensible if they hoped for a modest offensive rebound and kept him at shortstop in 2015, particularly given that the free agent market doesn’t have much to offer and Cozart should be fairly cheap in his first season of arbitration eligibility.
In left field, Ryan Ludwick has struggled through his two-year contract, and the Reds probably ought to pass on their end of his $9MM mutual option, even given the steep $4.5MM buyout cost. Chris Heisey can be an effective bench piece, but he probably shouldn’t be considered a starter. The Reds could also move Frazier to left field and pursue a free agent third baseman like Aramis Ramirez, although such a strategy seems like a waste of Frazier’s good glove. The Reds will probably be fairly limited in their ability to sign a left fielder as a free agent, and top outfield prospects Jesse Winker and Phil Ervin are each at least a year away, so the Reds’ best path might be to acquire an outfielder if they trade one of their starting pitchers. A deal with a team like the Red Sox, who have plenty of outfielders and are in need of good starting pitching, might make sense, and someone like Daniel Nava might be a good target as part of a larger deal.
With Heisey, Pena and Kristopher Negron, the Reds have the beginnings of a reasonable bench. They’ll likely decline their option on Jack Hannahan, who didn’t play much in 2014 and didn’t hit at all when he did. But upgrading the bench likely won’t be a big priority for the Reds, particularly given that they already have the light-hitting Schumaker to fill one of the remaining spots.
Other than the extraordinary Chapman, the 2014 bullpen was not a strength, and it became weaker when the Reds shipped Broxton to Milwaukee. The Broxton trade suggests, however, that the Reds understand that when there’s a budget crunch, highly paid relievers ought to be the first luxury item to go. So it wouldn’t be a surprise if they didn’t spend much on bullpen help this offseason, instead sifting through arms they already control, like Manny Parra, J.J. Hoover, Sam LeCure, Curtis Partch, Jumbo Diaz, Pedro Villareal, Carlos Contreras, and Sean Marshall (who will be returning from a shoulder injury). Iglesias might be another possibility. Logan Ondrusek, who had a poor season in 2014, is a non-tender candidate.
One outside-the-box idea might be for the Reds to trade Chapman. He’s so good that it would be difficult to get fair value for him, but it’s worth considering, since he’s only under team control through 2016, and he won’t be cheap by then. The Reds might be able to get a couple potential regulars in return for Chapman, which would dramatically improve them as they build for 2016 and beyond. There haven’t been many rumors yet about a potential Chapman trade, and perhaps there won’t be. But if the Reds make any surprising moves, that’s the kind they’ll likely make, with the big names on the way out of town rather than on the way in.
Stonehands
I understand if they keep the rotation together for one more run, but if they were to trade off any one starter they have, why wouldn’t they just trade anyone they don’t plan on resigning? that would prevent a potential 3-4 year drought in rebuilding, and it would put them in a position to succeed for another decent run in 2016 and beyond
DarthMurph
Nava and Webster for Latos is a fair trade or maybe just Nava straight up so the Sox can win the deal.
budman3
Take out some of the question mark about the rotation depth/cost over the next two seasons and trade Ervin for Jeremy Hellickson. Reds get a young, mid rotation arm who could use a change of scenery for probably 4.5 million in arbitration in 2015 and maybe 6 million in 2016. That will enable them to move a more costly starter this winter for other needs and maintain depth. Rays could use a young LF prospect who is not a top 100 and could give him another year to develop.
Maybe even add Sean Rodriquez to give them a super utility guy who can play LF/and all IF spots as well as some RH pop off the bench. Rays might be interested in Tucker Barnhart as a good defensive catcher for their near future.
Justin 22
The Reds likely do not want another struggling rotation piece because the rotation is already full for this year and has a number of options waiting in the wings. The Rays would certainly pull the trigger but the Reds just have no need for Hellickson.
Why add Barnhart when the Rays have two completely-defensive value based catchers in Hanigan and Molina?
The only part I like is Sean Rodriguez going to the Reds.
budman3
Hellickson would be the least expensive starter out of all the experienced rotation expected back allowing them to move one of the other higher contracts this winter creating salary relief. Plus, he would be under control for 2016 when the Reds will be unable to re-sign all of Leake, Latos, Simon and Cueto. It would also allow more time for their arm prospects to develop and not have to rely on them as much in 2016 when they will have to be ready.
Barnhart would be a perfect younger defensive catcher to be ready when Molina is gone after next season (he may even be non-tendered this winter) and to replace Hanigan by then.
Justin 22
I think you have too high expectations for Barnhart. He is not starter-material (even for the Rays) because his offensive peak is somewhat of a .240, 10 HR catcher.
Yes, Hellickson would be nice to have in 2016, but you can’t just trade for him now and stash him at AAA for the year. While other starters in the Reds rotation may be traded, there are still pieces ahead of him. Tony Cingrani will be back next season as a 6th starter. To be honest though, the only reason the Reds would trade a current starter would be to rebuild. Their salaries are actually bargains and would never be traded for salary relief so that’s not really a need.
budman3
Barnhart is exactly what the Rays look for in a catcher. Defense first..offense secondary. .240 and 10 HR’s? Did you see what Molina hit this season?
If the Reds move one starter and Bailey is slow to return, having an experienced starter like Hellickson not only adds depth but keeps the pressure off Cingrini/Stephenson from having to step right in. Reds are in win mode next season, IMO.
Justin 22
They are in win-now mode it seems. They do have 5 able starters though with Cingrani still in AAA. Agree to disagree I guess on their plans.
Regarding Barnhart, while he may be an upgrade over Molina, that’s still not exactly starter material. Doesn’t matter what was there in the first place.
Justin 22
I doubt Latos is traded. They would be selling low now and would be more likely to trade Cueto and Simon.
Nevertheless, I think Nava, Webster, and Heath Hembree could bring Latos
DarthMurph
Nava is coming off a 3.3 WAR season in only 113 games and has another season of control. Considering Latos’ injury shortened season, I wouldn’t call a straight up one for one completely out of the question and adding Webster is more than fair.
I personally view Latos as more expendable than Cueto as trading their ace who’s coming off a Cy Young caliber season would look like they were throwing in the towel for next year. Simon is a possibility, but he won’t net the same kind of return.
Baseballfan 2
So Nava, who could never start, for the Latos is fair. Do you think Reds should throw in Cueto to include Webster who also has not been an effective starter.
DarthMurph
Nava logged over 500 PAs last year and over 400 this year. Saying he could never start is not exactly fair. His WAR is strong and he’s under team control for quite a while. Latos’ injury and diminished velocity has hurt his value. What exactly do you think he’s worth?
baseballbeisbol
This is hilarious. Nava is a soon-to-be 32 year old platoon player (Boston knows this, look at the plate appearance splits from last year). His value isn’t close to Latos’.
Jocketty would stop fielding calls from Boston if that was ever seriously offered.
DarthMurph
The fact that he can’t hit lefties doesn’t preclude him from being an effective contributor. The fact that he’s cheap and under team control for years gives him a ton of value.
Latos on the other hand is coming off an injury shortened season where he saw his fastball drop and is only under team control for a year. If Jocketty wants much better than Nava and a mid tier prospect, Latos won’t be going anywhere.
Baseballfan 2
Reds will keep Latos and let him prove he is healthy and his velocity is back. Trading him when his value is low for nothing is silly. He may be the one they sign long term. Every team in baseball would line up to get Latos for something like Nava and a mid tier prospect.
If your right I suppose teams are waiting in line for Nava. Maybe Reds Sox think he is untouchable if he has so much value.
DarthMurph
Nava isn’t nothing. He’s a well above average player despite his inability to hit lefties.
Latos doesn’t really make sense as the one they sign long term. It won’t be this offseason with his diminished velocity and then he’s on the open market.
Few teams would trade a cost controlled guy like Nava for one year of Latos. The Sox have an unusual surplus and the Reds are in the weird position of having four starters with only one more year of control.
Stonehands
Rev I get where you’re coming from, but the return is a little light. I do agree that Nava is a good fit for the Reds, and that the other 2 are selling him short, but it would take several pieces to get Latos because he is only 26 and still has number 2 potential. Maybe something like Nava, Ranaudo/Webster, and Coyle?
Seamaholic
Teams are going to be VERY wary of Latos, his lowered velocity and creaky elbow. I think the Reds hold onto him and hope for rebound and a mid-season trade. Leake’s the guy who goes, I think. But he takes more than Nava.
ShaneRedsFan
Leake probably has the best shot out of all three of them to stay. He’d be the cheapest and Price loves him. Either way it’s about to get ugly for the Reds and the fanbase because either way they go is going to hurt really bad.
Justafan
At first I thought (as a Sox fan) this was a heavily red sox weighted trade, Nava isn’t going to be a 3 WAR player imo and while he’s exactly what a moneyball player should be idk if the Reds want to trade a solid rotation piece w/ 185 195 200 and 200 in four out of the last five years. But then I was thinking, mat latos is up for another raise im guessing 9-11m and Nava is costing no more than 1m. This will free up a solid chunk of change to be reinvested in someone else. I like this trade for the Sox if it were to go through. Nava isnt going to be an offensive super star and his huge BABIP in 13 is proof that 14 is more like his numbers. I think an established player whom the fans really like is going to cost more than Webster (who hasn’t done anything in the big leagues) and Nava. If the sox take his whole contract it might go through. I think the Reds would counter with Simon. He had a break out year but I remember reading somewhere that he was considered very lucky and regression will most certainly happen. I think I read this around the all-star break.
I think the Sox should make a push for Cueto. With plenty of money to spend, why not go hard for an established star. The Reds can’t keep him and the rest of the rotation. A package of Nava, Ranaudo/Barnes/De la Rosa and Holt could get it done. If Holt’s arm is good enough he can rotate at SS (cozart offensively was sad) 2B because imo Phillips is in decline and LF for ludwick. Holt would be just what that team needs. I also really like Ranaudo, his heavy sinker and delivery was something i really liked watching this year. I’d prefer not sending Barnes (Uconn alum 2014) but to get it done it could happen. If the sox go after lester too (im dreaming big) they send send two of the three and set themselves up to be immediate contenders again. Just one more bat and resign Miller. I could be wrong Rev but is my sox bias showing, because I really dont want to send Betts, Owens, Ball, or X. Would one of those probably be required?
DarthMurph
The Reds have very limited available funds for next year and had a very unproductive outfield so I’m not really sure why all the Reds fans are scoffing at Nava.
SImon’s FIP suggests a regression is likely and that would only be exacerbated by a move to the AL.
A Cueto trade would be contingent on an extension, which I’m not sure is realistic. If it was, one of those three would be likely.
Justafan
Why can’t Boston make an extension work? I know how the Sox are in regards to locking up pitchers but he’ll be 29 next year and 5 or 6yr extension with extremely high AAV might be able to knock down the years. His deceptive delivery gives me confidence that he could age well when he has to become a pitcher.
They are scoffing because Nava doesn’t do any one thing amazing that can be shown on baseball-reference. He does everything well and nothing great. As a Sox fan it’s easy to see why he’s been a main stay on the roster for years (except for his call down this year). I like Nava but because he doesn’t look like a superstar and doesn’t do any one thing amazing, you’re going to get haters. Idk many 3 WAR players in back to back years that should be labeled as poor players
Justin 22
Cueto is on the market for somewhere around two top prospects. Look at what Samardzija brought in like the article states.
Reds would accept a deal of Cueto for Betts, Owens, and Barnes.
Justafan
That’s outrageous. Samardzija gave a year and a half of starts and was at a premium because the A’s were making a playoff run. If the Reds said, “Yeah we’ll take everyone you got.” Ben would hang up the phone, laugh and then take his pick of the Reds’ pitcher that would become a free agent in the next coming years. The Cubs also had more money than they could spend, so unlike the Reds’ pitchers, Samardzija wasn’t traded because the Cubs couldn’t afford him.
DarthMurph
Then Cueto isn’t on the market because no team would pay that. Betts’ stock alone right now is better than Russell’s was as he’s shown what he can do at the major league level. Barring an extension, the Sox would never agree to a Betts/Cueto swap nor should they.
The A’s traded for a year and a half of Samardzija and half a year of Hammel in a midseason move that was done to get ahead of the market. The offseason is much different than the trade deadline and if that’s Cueto’s asking price, teams will wait a year to sign him as a FA instead.
Flash Gordon
Bingo, whatever a team’s needs they have to bet on value. Six years of Betts is worth more than one prime year of Cuetto…….period.
Flash Gordon
Of course the Reds would “accept” that. Maybe the Sox could even take on that ridiculous Phillips contract and stash him at third to sweeten the deal and allow Mookie to just slide into the order at Second base for Cincy. Good God.
Mitchell May
Don’t be surprised if Heisey is also nontendered.
rxbrgr
Agreed I thought that Heisey and Cozart could be non-tendered due to their lackluster performances and potential price hit to a tight payroll.
Since_77
Cozart is young and a good glove man. He not a star but a good role player. Teams won’t hesitate to try and pick him up.
Heisey is a fourth outfielder.
Justin 22
They’re both relatively cheap and worth the money, even if they only produce at the level they did last year.
Next year’s arbitration is another story…
rxbrgr
I guess I agree with you both. My one curiosity is how penny-pinching they may go and if they do cut back, then from where?
I Want My Bird
All teams have injuries, some more some less, some have depth with great contributions and still proceed on (see: Orioles, Baltimore). It’s a great way to look back on a failed season and be able to wipe it away with one conclusion. Unless it’s an illusion.
I Want My Bird
There’s a couple teams who are probably real done with trying the closer on the cheap or closer by committee or retread closer approach, and would unload the Prospect Truck at GABP for Chapman. No sense rolling out the shiny new car every few days if you’re never on a street. Made sense when they signed him and they had hopes for the team, now reality has gotta be setting in.
Out of place Met fan
So Phillips is back in good graces in Cinci or is dealing him just hopeless
dwick_OR
Phillips biggest problem the last couple years has been staying healthy. He was playing at a near MVP-candidate level the first 2 months of 2013 – then got hit on the forearm in early June and only hit .241 the rest of the season. In 2014 he was hitting .270 to .280 until he injured his thumb in early July and went on the DL for 5 to 6 weeks. He was only just getting his hitting stroke back in the last couple weeks of the season when the Reds were long out of contention. His contract and the fact he’s a 10 year guy now with the Reds make him more difficult to move, yes. But he’s still a Gold Glove fielder capable of being a productive hitter (.280, ~15 HRs, 75+ RBIs) IF he can stay healthy. With emergence of Kris Negron, Reds would be wise to give Brandon more days off to keep him fresh.
Out of place Met fan
Last off season it seemed like he was destined elsewhere. He is still a op 5 2B in the game, and with so many holes on contending teams at the keystone he seems like a natural fit. Which would reduce the salary issues and probably fill a hole or two moving forward (though it does create one as well)
metalhead65
the only moves the reds will make with jocketty in charge will be to continue to sign as many washed up ex-cards as he can. I would bet he will find a way to sign and over pay cardinal bust coby rasmuss to be the new left fielder next season. the fact the man gave a .230 career hitter like hanahan the contract he did shows you he has lost touch and is one reason the cardinals got rid of him. they have not missed a beat since he left while the reds regress with him in charge. spare me the playoff talk as the core of those teams were built by the guy before him. all he has done is make the latos deal and make washed up ex-cardinals rich. winker is tearing up the fall league and if he continues why not give him a shot in spring training? how is he supposed to get experience if he does not get the chance to play? other teams have no problem letting their top prospects play and learn on the job so why can’t the reds? again look at the cards and their system, when they need help they call up the best prospect no matter what level they are in and plaug them in the starting lineup. why is it their top picks are playing in the majors a year after being drafted and the reds top picks are still in the lower minors? who is the guy who makes those picks? yeah that would be the ex-cardinal in charge.
Justin 22
Ummm. How did the Cardinals prospects fare this year?
Let’s see: Taveras hit .239
Grichuk hit .245
Siegrist had a 6.82 ERA
Freeman had -0.1 WAR
Greenwood had a 4.75 ERA
and Wong hit .249
Not exactly a stunning class.
All in all, the combination of all Cardinals rookies produced 1.6 WAR.
metalhead65
the fact is they playing and contributing to a pennant winning team while the reds prospects sit glued to the bench even when they are called up in favor of washed up ex-cards like ludwick and skippy shumacher. the arms they called up except for Diaz never get into games until late Sept. in favor of proven game blowers and losers like hoover and ondrusek. that is not how you develop prospects and why the cardinals win every year while the reds flounder under the jocketty leadership.