Nick Martinez Declines Player Option; Brent Suter Re-Signs New Deal With Reds

The Reds announced their full slate of option decisions for the 2025 season this afternoon. Right-hander Nick Martinez turned down his $12MM player option for next season. The Reds held a $3.5MM club option on lefty reliever and Cincinnati native Brent Suter, but rather than exercising it they’ve signed him to a new one-year contract with a club option for the 2026 season. He’ll be guaranteed $2.25MM and the option is worth $3MM, MLB.com’s Mark Sheldon reports. Gordon Wittenmyer of the Cincinnati Enquirer adds that the Reds first paid the $500K buyout on Suter’s $3.5MM option for the upcoming season before re-signing him to the new terms.

Meanwhile, Cincinnati declined a $3.5MM option on catcher Luke Maile in favor of a $500K buyout, while right-hander Jakob Junis declined his end of an $8MM mutual option. He’ll be paid a $3MM buyout. Each of Martinez, Maile and Junis are now free agents.

Martinez, now 34, has shown a strong willingness to bet on himself when it comes to contracts. After pitching in Japan from 2018 to 2021, he has returned to North America and continually signed deals with opt-outs that he has triggered.

Going into 2022, he signed a four-year, $25.5MM deal with the Padres with the ability to opt-out after each season. He eventually triggered his first opt-out and re-signed with the Friars for 2023, a $26MM guarantee over three years with a convoluted club/player option structure. After the 2023 season, the Padres turned down a two-year, $32MM club option and then Martinez turned down his two-year, $16MM player option. He then signed a two-year, $26MM deal with the Reds that again allowed him to opt out after one season.

With the Padres before and with the Reds in 2024, Martinez oscillated between the rotation and bullpen. He got into 42 games this year, including 16 starts, tossing 142 1/3 innings with a 3.10 earned run average. His 20.4% strikeout rate was a bit below average but his 3.2% walk rate was elite. Among pitchers with at least 140 innings pitched this year, only George Kirby gave out free passes at a lower rate.

Both with the Padres and Reds, his results have been better out of the bullpen. This year, he had a 3.84 ERA as a starter but a 1.86 mark as a reliever. Whether he’ll be viewed as a reliever or starter will likely differ from club to club, but he should be able to top $12MM on the open market, making his decision to opt out a logical one.

Now the Reds will be able to issue him a qualifying offer and it has been suggested in some circles that they will consider it. Though Martinez is a solid contributor, it would be a bit of a surprise to see him offered a $21.05MM QO.

None of his previous contracts have had an average annual value higher than $13MM, so he would likely accept such an offer. The Reds have generally had payrolls just a bit above $100MM in most recent years, per Cot’s Baseball Contracts, so Martinez accepting the QO would take up something approaching a fifth of their payroll. That’s a lot of money to commit to a swingman.

Suter, 35, has been a steady performer in the big leagues for close to a decade now. Debuting back in 2016, he now has a 3.45 ERA in over 500 career innings. He signed with the Reds in the offseason and gave them 65 2/3 innings with a 3.15 ERA. His strikeout rate wasn’t great but he demonstrated excellent control and his usual propensity for limiting damage. His average exit velocity and hard hit rate were both in the 96th percentile, according to Statcast.

His previous deal came with a $2.5MM salary for 2024 and a $500K buyout on a $3.5MM club option for 2025. As mentioned, the Reds gave him that buyout and worked out a new salary for the upcoming season, also securing a club option for ’26.

Maile doesn’t hit much but has a strong reputation as a defender and game-caller. That continued to be the case this year, as he slashed .178/.268/.252 but with solid work behind the plate.

The Reds are moving on today but could perhaps circle back to Maile at a lower price point. Tyler Stephenson is the only backstop on the 40-man roster now, so they will need to find a backup, whether that’s Maile or someone else.

Junis, 32, has generally had solid results in his career. However, his 2024 was largely held back by injury. He signed with the Brewers in the winter, a $7MM guarantee broken up into a $4MM salary and a $3MM option.

He went on the injured list early in the year due to a right shoulder impingement. His return from that injury was delayed when he was struck by a batted ball during BP. He eventually tossed 67 innings on the year with a 2.69 ERA, getting flipped from the Brewers to the Reds as part of the deadline deal that sent Frankie Montas to Milwaukee.

Going back to the start of 2021, Junis has thrown 304 1/3 innings with a 3.99 ERA, 22.6% strikeout rate and 5.2% walk rate and should be able to secure himself a solid deal in free agency.