The Reds have locked up two players and discussed a potential extension with a third, but GM Walt Jocketty isn't stopping there. He has had preliminary discussions with Johnny Cueto's representatives about a long-term deal, according to John Fay of the Cincinnati Enquirer.
Like teammate Joey Votto, Cueto is arbitration eligible for the first time this offseason. The 24-year-old posted a 3.64 ERA with 6.7 K/9 and 2.7 BB/9 in 185 2/3 innings last year. He has started at least 30 games for three consecutive seasons and has career marks of 7.3 K/9, 3.1 BB/9 and a 4.27 ERA. Over the course of his career, Cueto has induced an equal amount of air and ground outs (40.0% fly ball rate and 40.6% ground ball rate).
If the Reds extend Cueto it wouldn't be surprising to see them commit about $16MM for his three arbitration years, 2011-13. The right-hander is set to hit free agency after the 2013 season.