May 21: Twins chief baseball officer Derek Falvey tells reporters that Reed has been informed of his placement on release waivers (Twitter link via the Minneapolis Star Tribune’s Phil Miller). He’ll be a free agent once he clears in 48 hours. At that point, he can sign with any club for the prorated league minimum.
May 16: The Twins announced that they’ve designated right-hander Addison Reed for assignment. The veteran setup man had been pitching on a rehab assignment in Triple-A Rochester after opening the season on the injured list due to a thumb sprain, though Dan Hayes of The Athletic tweets that Reed’s velocity was topping out at 88-89 mph in recent appearances.
It’s a disappointing outcome for both the Twins and Reed, whose initial two-year, $16.75MM pact with Minnesota looked to be a relative bargain. Reed got out to a terrific start last season, pitching to a 2.36 ERA with 9.1 K/9, 2.4 BB/9 and 1.01 HR/9 through his first 26 2/3 innings. However, he began to struggle and landed on the shelf due to triceps discomfort and an elbow impingement in July. He struggled in his return while demonstrating the same type of velocity loss Hayes mentioned in reference to Reed’s rehab assignment. He finished up the season with a cumulative 4.50 ERA, 7.1 K/9, 2.4 BB/9, 1.77 HR/9 and a 31.6 percent ground-ball rate.
Minnesota will have a week to trade Reed, release him or pass him through waivers. He’s likely to clear, given this season’s $8.5MM salary, and even if the Twins try to outright him to Triple-A, Reed could reject the assignment in favor of free agency.
His spot on the 40-man roster will go to right-hander Austin D. Adams, whose promotion to the Major Leagues was reported last night. Adams’ contract has now been formally selected, per the Twins’ announcement.