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Reds Re-Sign Emilio Pagán

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December 4th: The Reds officially announced the Pagán signing today.

December 3rd: The Reds are reportedly bringing back closer Emilio Pagán on a two-year, $20MM contract. The deal, which is pending a physical, allows the Ballengee Group client to opt out after next season. Cincinnati’s 40-man roster count will climb to 39 once the signing is finalized.

Pagán returns on another two-year deal after one of the best seasons of his career. The Reds surprisingly signed him to a $16MM contract over the 2023-24 offseason. There was obvious risk in adding a fly-ball pitcher to work in high-leverage spots at one of the sport’s most hitter-friendly parks. Pagán didn’t post great numbers and missed a couple months with a lat injury in 2024, so he had an easy call to bypass an opt-out and return to Cincinnati.

This year went a lot more smoothly. Pagán took over the closer role from Alexis Díaz and recorded a career-high 32 saves. He did blow six save chances but had a strong season overall, pitching to a 2.88 earned run average across 68 2/3 innings. He punched out 30% of opponents against a solid 8.1% walk rate. Pagán avoided any injuries and pitched well against left- and right-handed batters alike. He got swinging strikes at a strong 14.6% clip while sitting in the 95-96 MPH range with his fastball.

Pagán has always had an elite strikeout and walk profile. He hasn’t had the year-by-year consistency of the sport’s best closers, though. The fly-ball approach still leaves him vulnerable to the home run ball. Pagán has only had one season in his nine-year career in which he has allowed fewer home runs than the average reliever. He has surrendered 85 home runs since entering the league in 2017. That’s 19 more than any other reliever over that stretch.

The longball is always going to be an issue, but Pagán sticking around as a high-leverage reliever despite the homers is a testament to his effectiveness in other areas. He’s a reliable control artist with above-average velocity. His splitter gives him an option to attack opposite-handed hitters, while he mixes in a cutter as his main offspeed pitch versus righty batters. Pagán has generally been durable outside of the aforementioned lat strain. He has topped 50 innings in every other full schedule of his career, including six years with 60+ frames.

Pagán’s strong walk year earns him a nice contract for his age 35-36 seasons. The guarantee narrowly beats our two-year, $16MM prediction. Pagán also gets the upside of the out clause, which allows him to get back to free agency if he has an equally strong ’26 season. Another two-year deal at age 36 would be rare but not unprecedented, so it’s not out of the question that he pitches well enough to consider that route.

Assuming Terry Francona slots Pagán back in the ninth inning, he’ll pitch behind a solid setup group that includes Tony Santillan, Connor Phillips and Graham Ashcraft. Cincinnati should add a left-hander at some point. The only southpaw who’d be in their bullpen at the moment is Sam Moll, who was up and down from Triple-A Louisville throughout the year.

Cincinnati has $32.275MM in guaranteed contracts to six players: Pagán, Hunter Greene, Ke’Bryan Hayes, Jose Trevino, Ben Rortvedt, and Moll. They owe $15MM in dead money ($12MM salary and a $3MM option buyout payable after the World Series) to Jeimer Candelario. Cincinnati has a sizable arbitration class which MLBTR contributor Matt Swartz projects to cost around $45MM. They’d owe another $8-10MM in minimum salary players, which puts their current commitments in the $100-105MM range. President of baseball operations Nick Krall said he expects payroll to be around the $116MM at which they opened the 2025 season.

That’d leave them with roughly $15-20MM to spend. They’re in the market for an impact bat and reportedly trying to bring Kyle Schwarber back to the Cincinnati area. That would surely cost more than $20MM annually. It’s possible ownership would make an exception for someone like Schwarber or Pete Alonso. The front office could also look to trade a player or two from the arbitration class to free up more spending capacity if they feel they’ve got a strong chance to sign an elite hitter.

Ken Rosenthal and C. Trent Rosecrans of The Athletic first reported that the Reds and Pagán had reached a two-year, $20MM deal with an out. Image courtesy of Imagn Images.

Latest On Kyle Schwarber’s Market

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The Reds remain in the market for Kyle Schwarber, writes Mark Sheldon of MLB.com. That has been a frequent connection because Schwarber grew up a Reds fan not far outside Cincinnati. The club also needs to add an impact bat, though it remains to be seen if they’re willing to make a competitive offer.

Cincinnati finished 14th in MLB in scoring despite playing in one of the sport’s most hitter-friendly venues. They had a .245/.315/.391 slash line and finished 21st in home runs. Elly De La Cruz was the team leader with 22 homers, and their only two hitters who slugged at least .450 in more than 100 plate appearances (Miguel Andujar and Austin Hays) are free agents. The Reds need offense generally and would benefit from a power bat in particular.

Schwarber is the best slugger available. He’s coming off a 56-homer season in which he hit .240/.365/.563 while starting all 162 games for the Phillies. He hasn’t hit fewer than 30 homers in a full season since 2018 and is tied with Shohei Ohtani for second in MLB (behind Aaron Judge) in longballs over the last four years.

Cincinnati doesn’t have anyone locked into the everyday DH role. They’ll probably want to give 22-year-old Sal Stewart more time to see if he can be a serviceable defender at first base. Spencer Steer could play left field more frequently or simply be shopped in trade if the Reds were to add Schwarber (or Pete Alonso, a long speculated potential fit).

While it’s a clear fit from a roster perspective, it’d require an unusually bold commitment from ownership. Schwarber is expected to handily surpass a $100MM guarantee and could land $30MM+ annually. The Reds have given out two nine-figure contracts in franchise history: $225MM for Joey Votto and $105MM to Homer Bailey. Those were both extensions. Their largest free agent deals were the matching four-year, $64MM terms to Nick Castellanos and Mike Moustakas. Those $16MM average annual values were the most for any multi-year free agent signing. Schwarber might require twice that amount.

President of baseball operations Nick Krall said last month that the Reds expect to run a similar payroll to this past season’s level. They opened ’25 with a payroll around $116MM. They have around $40MM in guaranteed contracts but have a hefty arbitration class that MLBTR contributor Matt Swartz projects to cost roughly $45MM.

Filling out the roster with players making the league minimum would leave them with roughly $20-25MM to spend. They’ll certainly add a bat of some significance, but a Schwarber signing might require ownership to push the budget beyond where they seemingly prefer to set it. The other option would be to shed money from the arbitration class by shopping one or more of Brady Singer ($11.9MM projection), Tyler Stephenson ($6.4MM), Gavin Lux ($5MM), TJ Friedl ($4.9MM), Nick Lodolo ($4.3MM) or Steer ($4.5MM).

In a less obvious connection, Jon Morosi of The MLB Network relayed this morning that the Giants have also been in contact with Schwarber’s camp. That’s a much more difficult fit from a roster perspective. San Francisco has Rafael Devers under contract through 2033. Even if they’re confident he’ll be a capable everyday first baseman, they’d need at-bats at designated hitter for top first base prospect Bryce Eldridge. There’s an argument for the Giants to bring in a short-term first baseman/DH to give the 21-year-old Eldridge more time in Triple-A, but that wouldn’t apply to a four- or five-year contract for Schwarber.

The Giants presumably wouldn’t have any interest in using Schwarber as an everyday outfielder. There’d only be any kind of fit if they trade Eldridge for a starter. They’ve already downplayed their desire to make a nine-figure commitment to a starter despite calling pitching their top priority. It’d be a huge surprise if they committed that kind of money to a DH.

Schwarber rejected a qualifying offer, so whichever team signs him will forfeit draft compensation. Philadelphia has made no secret of their desire to bring him back. The Orioles and Red Sox are both in the market for an impact bat and have shown interest, while the Pirates have been mentioned as an extreme long shot after making an unsuccessful attempt to lure Josh Naylor away from Seattle.

Reds Notes: Lineup, Free Agent Pursuits, De La Cruz

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The Reds enter this offseason on the heels of a playoff berth that ended almost as quickly as it came, having been swept by the eventual World Series champion Dodgers in two games during the NL Wild Card series. There’s still reason for optimism headed into next year thanks to a fantastic rotation led by Hunter Greene and Andrew Abbott, but Cincinnati’s offense could clearly use some help. It can be hard for a team with the Reds’ small market budget to make substantial upgrades via free agency, but Ken Rosenthal, Will Sammon, and Katie Woo of The Athletic write that the club can be flexible as it tries to upgrade the lineup thanks to their existing players’ significant positional versatility.

According to Rosenthal et al., the Reds’ lineup only has three truly locked down positions as things stand: recently acquired third baseman Ke’Bryan Hayes and star shortstop Elly De La Cruz are locked into the left side of the infield, and Noelvi Marte appears to be set as the club’s everyday right fielder going forward. Setting catcher (where the trio of Tyler Stephenson, Jose Trevino, and Ben Rortvedt seem fairly entrenched) aside, that leaves two outfield spots, two infield spots, and the DH slot for a host of players to jockey for playing time in. Spencer Steer, Sal Stewart, Matt McLain, Gavin Lux, TJ Friedl, Will Benson, and Christian Encarnacion-Strand makes seven players currently on the roster for five spots in the lineup, before any external additions. Steer and Friedl seem like the best bets of that group to be locked into regular playing time, though Stewart will surely get an extended opportunity as well coming off an impressive cup of coffee in the big leagues down the stretch.

Friedl has been one of Cincinnati’s best hitters in recent years. While he was limited to just 85 games by injuries in 2024, he earned some down-ballot MVP consideration for a four-win 2023 season where he hit 18 homers, stole 27 bases, and posted a 117 wRC+ in 138 games. This past year saw him look more or less recovered from his injury-plagued 2024, hitting .261/.364/.372 with less power and speed than he flashed in 2023 but a career-best 11.8% walk rate to make up for it. Friedl’s .364 on-base percentage ranked 17th in the majors among all qualified hitters this year, and he’s sure to be an asset to the Reds’ offense whether he ultimately ends up in left field or center field. Steer, meanwhile, has been more of a league average hitter in the past two seasons after enjoying a strong 2023 season, but has average 21 homers and 16 steals over the past three seasons.

Rosenthal et al. suggest that Steer could wind up at either first base or in left field, while Stewart could play either first or second base. With Friedl capable of playing either open outfield spot, Lux experienced at both second base and in left field, and McLain able to handle both the keystone and center, there’s plenty of room for moving parts in the Reds’ lineup. That’s good news for a team that needs to add offense, as the Reds can afford to be opportunistic and not worrying as much about positional fit. If an infielder like Jorge Polanco becomes available, it would be easy enough for the Reds to simply plug him into second base, leaving McLain and Lux to move around the diamond in utility roles while Stewart takes over first base, Steer slides to left and Friedl handles center. Alternatively, a first baseman like Ryan O’Hearn could push Stewart over to second, or an outfielder like Cedric Mullins could push Steer to first base.

Speculatively speaking, that would appear to leave McLain, Lux, Benson, and Encarnacion-Strand without a position headed into 2026, although Rosenthal et al. did suggest the possibility that Benson could platoon with an outfielder acquired in free agency, which could be sensible if the Reds were to land a right-handed bat with significant platoon splits like Rob Refsnyder. Keeping those players in the fold as depth to protect against injuries and under-performance would be a valid path to take for the Reds, though it’s also possible that a trade or two could be made at some point this winter that would help to thin the glut of positional talent jockeying for playing time.

Even as the team looks for external help in the lineup, there’s reason to believe improvements could be on the horizon internally next year, as well. Manny Randhawa and Mark Sheldon of MLB.com recently relayed comments from club GM Nick Krall regarding De La Cruz’s health this offseason. While Krall had previously suggested that De La Cruz played through a “partial tear” of his quadriceps late in the 2025 season, he later clarified that it was actually a quad strain that De La Cruz was dealing with. Quad strains are defined as a partial tear of the muscle, but Krall noted that his wording suggested the injury was more severe than it actually was.

Whatever the specifics of De La Cruz’s injury may have been, the fact that he was playing through something helps to explain his repeated defensive miscues at shortstop in the final months of the 2025 campaign, as well as his lackluster .236/.303/.363 slash line after the All-Star break this season. That creates some reason for optimism that De La Cruz will be able to rebound and turn in a performance closer to his 2024 form (when he hit 25 homers, stole 67 bases, and finished 8th in NL MVP voting) next year. For a Reds club that seems unlikely to broach the top of the market for hitters like Pete Alonso and Kyle Schwarber, having De La Cruz performing at a star level to anchor the lineup is all the more important.

Reds Re-Sign Carson Spiers To Minor League Deal

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The Reds announced they’ve re-signed righty Carson Spiers to a minor league contract with an invite to big league camp. Spiers will not be able to pitch in Spring Training anyhow, as he’s working back from July elbow surgery that’ll cost him most of the ’26 season.

Spiers was one of three players, along with Will Banfield and Roddery Muñoz, whom the Reds dropped from the roster at last week’s non-tender deadline. Spiers had technically been designated for assignment a few days earlier as Cincinnati created space to add three Rule 5 eligible prospects to the 40-man roster. They waited until the non-tender deadline to resolve the DFA, which meant they didn’t need to expose him to waivers. That’s a common tactic for teams to try to re-sign those players to minor league deals, keeping them in the organization without requiring a 40-man spot.

The 28-year-old Spiers has pitched in each of the past three big league seasons. He’s a depth arm who has started 14 of 29 career outings. Spiers carries a 5.69 earned run average across 117 innings. His 19.3% strikeout percentage and 9.4% swinging strike rate are each middling and he’s had a difficult time keeping the ball in the park. Most of Spiers’ big league experience came in 2024, as shoulder and elbow injuries cost him almost all of last season.

While Spiers has yet to find much in the way of MLB success, he owns a decent 4.08 ERA in almost 400 minor league innings. He has fanned nearly a quarter of opponents against an 8.9% walk rate. Spiers sits around 92 MPH with his four-seam and sinker while using three more pitches (sweeper, cutter and changeup) with regularity. He’ll remain with the organization that initially signed him as an undrafted free agent in 2020 and attempt to pitch his way back onto the roster once he has put the elbow injury behind him.

National League Non-Tenders: 11/21/25

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Every National League team has officially announced their non-tender decisions. It was a quiet evening in terms of subtractions, with only the Rangers parting with any marquee players. All players who were non-tendered are free agents without going on waivers. A few teams dropped pre-arbitration players from the back of the 40-man roster. It’s possible they preferred not to expose them to waivers and are hopeful of re-signing them to non-roster deals.

Here’s a full list of today’s activity in the NL, while the American League moves are available here. All projected salaries are courtesy of MLBTR contributor Matt Swartz.

  • The Braves announced that right-handers Alek Manoah and Carson Ragsdale were not tendered contracts. Both had been acquired earlier in the offseason via waivers, and both are now free agents. Manoah was projected to earn $2.2MM. Ragsdale was not arb-eligible.
  • The Brewers tendered contracts to their entire arbitration class, per Adam McCalvy of MLB.com.
  • The Cardinals chose not to tender contracts to lefty John King, catcher Yohel Pozo and righty Sem Robberse, Derrick Goold of the St. Louis Post-Dispatch reports. Jorge Alcala, who was designated for assignment earlier this week, was also non-tendered, John Denton of MLB.com adds. King and Alcala were both projected for a $2.1MM salary. The others were not arb-eligible.
  • The Cubs non-tendered catcher Reese McGuire, per ESPN’s Jesse Rogers. He hit .226/.245/.444 through 140 plate appearances in a backup catcher role and was arb-eligible for the final time. He’d been projected to earn $1.9MM. Right-hander Eli Morgan, who was projected to earn $1.1MM, was also non-tendered, according to MLB.com’s Jordan Bastian.
  • The D-backs non-tendered left-hander Tommy Henry, who’d already been designated for assignment, and right-hander Taylor Rashi. Neither was eligible for arbitration. They tendered contracts to their entire arb class.
  • The Dodgers did not tender a contract to closer Evan Phillips, reports Ken Rosenthal of The Athletic. He was only under club control for one more season and projected for a $6.1MM salary but underwent Tommy John surgery in June. Dodgers righty Nick Frasso, who was not arb-eligible and finished the season on the 60-day IL, was also non-tendered, per Fabian Ardaya of The Athletic.
  • The Giants non-tendered left-hander Joey Lucchesi, reports Jon Heyman of the New York Post. Lucchesi pitched to a solid 3.76 ERA with a below-average 18.8% strikeout rate and strong 7.3% walk rate in 38 1/3 innings and had been projected for a $2MM salary. San Francisco also non-tendered catcher Andrew Knizner, who was designated for assignment this afternoon when the Giants acquired Joey Wiemer from Miami.
  • The Marlins tendered contracts to all of their eligible players, per Isaac Azout of Fish On First.
  • The Mets are non-tendering right-hander Max Kranick, according to Will Sammon of The Athletic. Kranick, 28, posted a 3.65 ERA in 37 innings with the Mets this year. It was his first big league opportunity since a five-inning cameo with the Pirates back in 2022. Kranick’s season came to an abrupt end back in July due to flexor tendon repair surgery. Southpaws Jose Castillo and Danny Young were also non-tendered, Sammon adds. Young had Tommy John surgery back in May. Castillo was a waiver claim who pitched for four different teams in 2025.
  • The Nationals tendered contracts to their entire roster, per a team announcement.
  • The Padres announced that lefty Omar Cruz and righty Sean Reynolds were non-tendered. Neither was arbitration-eligible. They tendered contracts to every member of their arbitration class.
  • The Phillies non-tendered righties Michael Mercado and Daniel Robert, neither of whom was arbitration-eligible. They’re both free agents. The Phils tendered contracts to all of their arb-eligible players otherwise.
  • The Pirates non-tendered outfielders Alexander Canario and Ronny Simon, as well as righties Colin Holderman and Dauri Moreta. All four were designated for assignment earlier in the week. Holderman was projected for a $1.7MM salary and Moreta for $800K. The others weren’t arb-eligible.
  • The Reds announced that catcher Will Banfield and right-handers Carson Spiers and Roddery Munoz were not tendered contracts. They’re all free agents. None of the three were arbitration-eligible, but by non-tendering them rather than designating them for assignment, Cincinnati bypasses the need to place them on waivers and can try to quickly re-sign any of the bunch to minor league deals, if the Reds are so inclined.
  • The Rockies non-tendered first baseman Michael Toglia, the team announced. He’d been designated for assignment earlier in the week, making today’s non-tender all but a formality.

Players Avoiding Arbitration: 11/21/25

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The deadline for teams to tender contracts to arbitration-eligible players is this afternoon at 4pm CT. Throughout the day, we’ll surely see a handful of arb-eligible players agree to terms with their clubs to avoid a hearing.

These so-called “pre-tender deals” usually, although not always, involve players who were borderline non-tender candidates. Rather than run the risk of being cut loose, they can look to sign in the lead-up to the deadline. Those salaries often come in a little below projections, since these players tend to have less leverage because of the uncertainty about whether they’ll be offered a contract at all.

Under the 2022-26 collective bargaining agreement, players who sign to avoid an arbitration hearing are guaranteed full termination pay. That’s a change from prior CBAs, when teams could release an arb-eligible player before the season began and would only owe a prorated portion of the contract. This was done to incentivize teams and players to get deals done without going to a hearing.

All salary projections in this post come via MLBTR contributor Matt Swartz. This post will be updated throughout the day as deals are announced and/or reported. Salary figures are from The Associated Press unless otherwise noted.

Photo courtesy of William Liang, Imagn Images

Reds Select Three Players To 40-Man Roster, Designate Carson Spiers

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The Reds announced that they have added three players to the 40-man roster. Infielders Edwin Arroyo and Leo Balcazar had their contracts selected from Double-A Chattanooga, while outfielder Hector Rodriguez was selected from Triple-A Louisville. All three are now protected from the Rule 5 Draft. In addition, right-hander Carson Spiers was designated for assignment. The club’s 40-man roster now stands at an even 40.

Arroyo, 22, was originally a second-round draft pick by the Mariners in 2021. He was one of four prospects who went to Cincinnati in the Luis Castillo trade in July 2022. He spent most of 2023 at High-A but earned a promotion to Double-A in September of that year despite being just 19 years old. However, injury struck in March 2024, as Arroyo suffered a torn labrum in his left shoulder while diving back to the bag on a pickoff attempt. The resulting surgery wiped out his 2024 season. He was a non-roster invite to spring training in 2025 and returned to Double-A Chattanooga for his first full season there, save for a brief stint on the injured list in April for a left hamstring strain.

In 120 games for Chattanooga in 2025, Arroyo batted .284/.345/.371 while scoring 63 runs and chipping in 12 stolen bases. That output was good for a 107 wRC+. Arroyo decreased his strikeout rate to 16.9% in 2025 after sitting at 21.3% across High-A and Double-A in 2023. His walk rate declined from 8.8% to 7.7%, though that is not surprising given the difficulty of the jump to Double-A. MLB.com lists Arroyo as the Reds’ No. 8 prospect and considers him a decent hitter with untapped power potential, though his calling card is his plus defense at shortstop. He figures to spend most 2026 at Triple-A.

Rodriguez, 21, was signed by the Mets as an international free agent in January 2021 and was traded to the Reds in July 2022 in the Tyler Naquin deal. He split the 2025 season between Double-A and Triple-A, batting .298/.357/.481 with a 140 wRC+ in 82 games for Chattanooga. However, Rodriguez hit a wall upon reaching Triple-A, with an 85 wRC+ in 50 games. His walk rate declined to 5.2% after sitting at 8.1% in Double-A. His strikeout rate also increased from 13.9% to 16.5%, although the latter figure is still good and bodes well for his contact ability. The switch-hitter is considered the Reds’ No. 9 prospect and a solid baserunner, though he’ll likely move off of center field for one of the corners long-term.

Balcazar, 21, was signed by the Reds as an international free agent in January 2021 and split the 2025 season between High-A and Double-A. In 75 games at High-A, he posted a 110 wRC+ along with a 14.9% strikeout rate and an 8.5% walk rate. Though his wRC+ declined to 100 in 51 games at Double-A, his strikeout (11.1%) and walk rates (10.6%) both improved over his High-A numbers. MLB.com lists him as the club’s No. 23 prospect. Since his recovery from a torn ACL in 2023, he has proven himself a decent defender at shortstop, though he will continue to get reps at second base as well.

As for Spiers, his DFA was unsurprising given that he underwent elbow surgery in July and was expected to miss most or all of next year. The right-hander was signed as a non-drafted free agent in 2020 and pitched 117 big-league innings with a 5.69 ERA from 2023-25. The bulk of those innings came in 2024, when he made 22 appearances (10 starts) with a 5.46 ERA, a 19.5% strikeout rate, and a 6.6% walk rate. He made just three appearances (two starts) in 2025, all in April, before going on the injured list with a right shoulder impingement on April 20. He was pulled from a rehab assignment in early July with biceps tightness and underwent an MRI, which revealed the more serious UCL damage. It was unclear whether Spiers underwent Tommy John surgery or an internal brace procedure, but the most likely outcome is that he’ll be out until the start of the 2027 season.

Emilio Pagan Receiving Interest From “At Least 10 Teams”

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Free agent reliever Emilio Pagan is a popular figure now that the market has opened, as Gordon Wittenmyer of the Cincinnati Enquirer writes that “at least 10 teams” have reached out to Pagan and his reps at the Ballengee Group.  A return to the Reds is also a possibility since Wittenmyer says the two sides have had some talks, though Cincinnati president of baseball operations Nick Krall didn’t give any hints on the subject.

“I don’t want to say yes or no. I don’t know,” Krall said about a potential new contract with Pagan.  “I loved Emilio.  He was great for our club.  I would absolutely be open to bringing him back.  It just depends on how everything fits together.”

Krall made similar comments praising Pagan back in October, and the reliever also expressed his own desire to return to the Reds.  Despite this mutual interest, Wittenmyer feels the amount of league-wide interest in Pagan could push his price tag beyond the Reds’ comfort zone.  Krall has stated that Cincinnati’s 2026 payroll will roughly match its 2025 payroll, which sat in the $116MM-$119MM range by season’s end.

With a limited budget and multiple roster needs to address, Wittenmyer believes the Reds will again “be waiting out the market for value buys” in free agency.  This could mean that Pagan might’ve signed elsewhere by the time the Reds are prepared to more fully dig into the market, or the club might seek out less-expensive bullpen reinforcements.

It was a little over two years ago that the Reds signed Pagan to a two-year, $16MM contract in his previous trip through free agency.  The deal allowed Pagan to opt out last winter, but he chose to remain under contract and take his $8MM salary for 2025 — an expected move given how the right-hander posted a 4.50 ERA over 38 innings during an injury-shortened 2024 campaign.

This past season, however, saw Pagan stay healthy and deliver a fine platform year.  Pagan posted a 2.88 ERA and a 30% strikeout rate over 68 2/3 frames, and he saved 32 of his 38 chances as the Reds’ closer.  His 8.1% walk rate was a little below average and Pagan received a lot of batted-ball luck, as his .200 BABIP in 2025 perhaps balanced out his unlucky .351 BABIP from 2024.  That said, his xwOBA dropped from .307 in 2024 to .267 this year, and Pagan’s signature four-seamer was still humming along at a 95.7mph velocity, nicely setting up his devastating splitter.

MLB Trade Rumors ranked Pagan 46th on our list of the winter’s top 50 free agents, and projected the righty to land another two-year, $16MM deal.  The contract reflects Pagan’s age (he turns 35 in May), his up-and-down tenure in Cincinnati, and how some teams may not want to pursue a reliever who has been so notoriously homer-prone throughout his career.

While Wittenmyer’s report indicates there’s obviously still plenty of teams that do have Pagan on their list of targets, it is fair to say that Pagan may not necessarily be the top choice for clubs in need of bullpen help.  Some teams may not view him as a closer at all, while others could see him as a backup option if they can’t land one of the more high-profile closers available.  Depending on how things play out or depending on how long it takes the likes of Edwin Diaz or Robert Suarez to find their next contract, there might be an opening for the Reds and Pagan if the reliever gets tired of waiting and decides to pivot back to a familiar and comfortable location.

Reds, Tejay Antone Agree To Minor League Deal

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The Reds and right-hander Tejay Antone have agreed to a minor league deal, reports Mark Sheldon of MLB.com. Presumably, the righty will receive an invite to big league camp when the deal is made official.

Antone, 32 in December, was establishing himself as a key piece of the Cincinnati bullpen a few years ago. Over 2020 and 2021, he tossed 69 innings with a 2.48 earned run average. His 10.8% walk rate was on the high side but he struck out 32.3% of batters faced and got grounders on 48% of balls in play.

Unfortunately, his career has been derailed by a number of injuries. He underwent Tommy John surgery in August of 2021. That was actually the second such procedure of his career, the first coming back in 2017 when he was in the minors. The second surgery wiped out his entire 2022 season. In 2023, a flexor strain in spring training set him back. He didn’t get back on a big league mound until September. He made five appearances before going back on the IL due to elbow discomfort. In 2024, he made four appearances early in the season before being bit by the injury bug again. He tore a tendon off his bone and suffered a ligament tear, requiring surgery.

Antone spent the rest of 2024 on the injured list. At the end of the season, he was outrighted off the 40-man roster. He was still with the Reds in 2025, but in a non-roster capacity, beginning the season on the minor league injured list. He eventually got healthy enough to make 15 appearances in August and September, logging 15 innings. He allowed 17 earned runs on 23 hits, nine walks and five hit-by-pitches while striking out 15 opponents.

The righty became a free agent at season’s end but he and the Reds have quickly reunited. His numbers in 2025 weren’t good but it was a small sample of work and some rust is understandable after multiple surgeries and so much missed time. For the Reds, there’s no harm in bringing him back on this non-roster deal to see if he can find a new gear as he gets further removed from his most recent surgery.

Photo courtesy of David Kohl, Imagn Images

Reds Hire Oscar Marin As Bullpen Coach

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The Reds on Thursday announced the hiring of Oscar Marin as their new bullpen coach. Marin, who served as the Pirates’ pitching coach from 2020-25, will take over for Matt Tracy, who’s moved from bullpen coach to assistant pitching coach. Last year’s assistant pitching coach, Simon Mathews, was hired away as the Nationals’ new pitching coach earlier this week.

Marin broke into pro ball back in 2010 with the Rangers, working as a coach and assistant in their minor league ranks for seven years. He then joined the Mariners as their minor league pitching coordinator from 2017-18 before returning to the Rangers organization as their bullpen coach in 2019.

Plenty went wrong for the Pirates during Marin’s tenure with the organization, although generally speaking, the pitching staff was far down the list of the team’s problems. Pittsburgh’s offense and struggles to develop young hitters are known flaws of the organization, but the Pirates have done well in drafting and developing young pitchers. While many Pirates top hitting prospects have stalled out in Triple-A or the majors, pitchers like Paul Skenes, Bubba Chandler, Jared Jones, Braxton Ashcraft, Mike Burrows, Mitch Keller and others have had plenty of success at the MLB level with Marin as their lead pitching instructor.

Marin was one of the Pirates’ first hires after initially tabbing Derek Shelton as their manager. Shelton was dismissed in May — he’s since been hired as the new Twins’ manager — and replaced by bench coach Don Kelly, whose contract was extended at season’s end. While Kelly and Marin have worked together for several years, the Bucs opted not to renew Marin’s contract. The Pirates hired former Astros pitching coach Bill Murphy to fill their pitching coach vacancy late last month.

The 42-year-old Marin (43 next month) will now join Terry Francona’s staff and bring more than a half decade of experience as a pitching coach — some of it spent alongside highly respected Brent Strom — to a Cincinnati team that is deep in pitching talent (albeit more in the rotation than in the bullpen at present).

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