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Reds Issue Qualifying Offer To Nick Martinez

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The Reds have issued a qualifying offer to Nick Martinez, reports Gordon Wittenmyer of the Cincinnati Enquirer. The QO is valued at $21.05MM. The right-hander declined a $12MM player option over the weekend to hit free agency for a fourth straight winter.

Wittenmyer reports that the Reds and Martinez have discussed a multi-year extension but haven’t gained much traction. Rather than risk losing him for nothing, Cincinnati made the surprising call to issue the QO. Martinez and his representatives at the Boras Corporation have until November 19 to explore the market before deciding whether to lock in what would easily be the highest salary of his career.

Martinez had an excellent first season in Cincinnati. The Reds signed him to a two-year, $26MM free agent deal. Martinez had pitched well over two seasons in a swing role with the Padres. He pitched in the same capacity for the Reds, starting 16 of 42 appearances. He logged a career-best 142 1/3 innings with a 3.10 earned run average. He has allowed fewer than 3.50 earned runs per nine in all three seasons since returning from Japan during the 2021-22 offseason. Martinez showed pristine control (3.2% walk percentage) and did a fantastic job avoiding hard contact. That mitigated concerns about how he’d adjust to hitter-friendly Great American Ball Park.

Strong as that production was, the QO is a gamble for a team that doesn’t run huge payrolls. Martinez is headed into his age-34 season and would likely be limited to a three-year deal even if he weren’t attached to draft compensation. There looks to be a good chance he accepts the offer. The Reds spent around $90MM on player payroll this past season. If they end up a similar range in 2025, Martinez’s salary would account for upwards of a fifth of their spending.

That’s a lot to commit to a swingman, though it’d be more reasonable if the Reds wanted to give Martinez a full-time rotation job. He has been better out of the bullpen, as one would expect, though he was quite good in either role. Martinez posted a 3.84 ERA with a 19.1% strikeout rate out of the rotation. He turned in a sparkling 1.86 mark while fanning 22.5% of opponents across 53 1/3 relief innings.

The QO qualifies as a major league free agent contract. Article XX(b) free agents like Martinez gain full no-trade rights until June 15 of the following season, so the Reds couldn’t deal him this offseason without his consent if he accepts the offer. Cincinnati wouldn’t have made the offer if they weren’t prepared to welcome him back at that price.

If Martinez finds a robust market and is still able to land a notable multi-year contract, the Reds position themselves to land draft compensation. In the unexpected event that Martinez lands a $50MM+ deal elsewhere, Cincinnati would get a pick after the end of the first round in 2025. The likelier outcome is that a contract would be for less than $50MM, entitling the Reds to a pick between the end of Competitive Balance Round B and the start of the third round. Another team would forfeit draft pick(s) and potentially international signing bonus space to add Martinez. The penalties vary depending on the signing team’s revenue sharing status.

Image courtesy of Imagn.

12 Players Elect Free Agency

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As the offseason nears, a number of players elect minor league free agency each week. These players are separate from six-year MLB free agents, who’ll reach the open market five days after the conclusion of the World Series. Eligible minor leaguers can begin electing free agency as soon as the regular season wraps up. These players were all outrighted off a team’s 40-man roster during the year and have the requisite service time and/or multiple career outrights necessary to reach free agency since they weren’t added back to teams’ rosters.

Electing free agency is the anticipated outcome for these players. There’ll surely be more to test the market in the coming weeks. We’ll offer periodic updates at MLBTR. These transactions are all reflected on the MiLB.com or MLB.com logs unless otherwise stated.

Infielders

Pitchers

* Chris Cotillo of MassLive reported that Dalbec, Westbrook, and Keller have elected free agency. Francys Romero reported that Barrero has elected free agency.

Emilio Pagan Exercises Player Option With Reds

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The Reds announced that right-hander Emilio Pagan has exercised his $8MM player option for the 2025 season.  Pagan inked a two-year, $16MM contract with Cincinnati last winter that included an opt-out clause after the first season, and the reliever has chosen to forego a $250K buyout and a return trip to free agency.

There wasn’t much suspense in Pagan’s decision, as he missed just short of three months of the 2024 season due to a lat strain.  The injury limited to Pagan to 38 innings in as many appearances, marking the lowest career total in either category for Pagan during any of his seven regulation-length MLB seasons (Pagan tossed 22 innings in 22 games during the pandemic-shortened 2020 campaign).

Pagan’s first season in Cincinnati saw him post a 4.50 ERA, but a much more impressive 3.19 SIERA.  An inflated .351 BABIP undermined some solidly above-average strikeout (28.1%) and walk (7%) rates, though Pagan did allow a lot of hard contact.  Even with this favorable set of advanced metrics, it makes a lot of sense that the 33-year-old Pagan would prefer to lock in $7.75MM of extra guaranteed salary rather than test the market on the heels of what he surely views as a middling platform year.

Pagan’s bottom-line results haven’t always been consistent, though he isn’t far removed from a strong 2023 campaign (with the Twins) that helped him land that $16MM deal in the first place.  It isn’t a coincidence that Pagan’s 2023 season included by far the lowest home run rate (5.3%) of his career, as the righty has long had difficulty in keeping the ball in the park.  Those issues returned with a 12.5% homer rate in 2024, just slightly bettering his 12.8% career mark.

With Pagan returning and Brent Suter signed to a new contract, the Reds’ bullpen will have some familiar faces back, even if Buck Farmer and swingmen Nick Martinez and Jakob Junis are now all heading for free agency.  Getting Alexis Diaz back on track is surely the Reds’ top bullpen concern heading into 2025, though having Pagan stay healthy and deliver his usual type of innings-eating season will surely also help.

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

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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.

Marlins Claim Christian Roa

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The Marlins announced that they have claimed right-hander Christian Roa off waivers from the Reds. Christina De Nicola of MLB.com relayed the claim on X prior to the official announcement. The Fish also announced that right-handers Shaun Anderson, Darren McCaughan and Adam Oller as well as infielder/outfielder David Hensley have been outrighted to Triple-A Jacksonville. Oller is expected to elect free agency and pursue opportunities in Asia, per Ari Alexander of KPRC 2 on X.

Roa, 25, was on Cincinnati’s 60-day injured list but the IL goes away five days after the World Series. Rather than reinstating him to the 40-man roster, the Reds evidently tried to pass him through waivers but the Marlins grabbed him.

The righty was a second-round pick of the Reds and has been a notable prospect in the club’s system since then. He has racked up a fair number of strikeouts as a minor leaguer but also given out a large number of walks. He has thrown 318 2/3 innings in his minor league career with a 4.46 ERA, 27.4% strikeout rate and 14.3% walk rate.

He was added to Cincinnati’s 40-man roster a year ago to keep him out of the Rule 5 draft. He spent this year pitching in Triple-A with a 5.55 ERA. His walk rate was still high at 13.5% and his strikeouts dropped to a rate of 21.2%. In August, the Reds recalled him to the majors and added him to their 60-day IL with a right shoulder sprain in order to open up a 40-man roster spot.

The Marlins will take a shot on him and see if they can help him rein in that control a bit. Roa still has two more option seasons and less than a year of service time. For a rebuilding club like the Marlins, they can take their time and see if the Roa project can bear some fruit for them down the line.

The four outrighted players were all fairly recent additions to the Miami roster. The club suffered a high number of injuries in 2024 and was often grabbing players from everywhere in order to keep the roster filled as they played out the string on the campaign.

Anderson was designated for assignment by the Rangers at the end of May and got flipped to the Marlins for cash. He posted an 8.27 ERA in 16 1/3 innings for the Fish after that. McCaughan was claimed off waivers from the Guardians in July and went on to throw 36 innings for Miami with a 5.75 ERA. Oller signed a minor league deal with the club in July, later having his contract selected to throw 42 1/3 innings with a 5.31 ERA. Hensley was claimed off waivers from the Astros at the end of July and then hit .212/.293/.288 in 23 games as a Marlin.

The three pitchers have previous career outrights and therefore have the right to elect free agency. This is Hensley’s first outright but she should have the right to elect minor league free agency as a player with seven years on the farm.

Ty France Elects Free Agency

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The Reds announced a series of roster moves Friday, most notably revealing that first baseman Ty France cleared waivers and elected free agency. He would’ve been arbitration-eligible and was projected by MLBTR contributor Matt Swartz to earn $8.6MM in his final season of club control. Today’s outright and subsequent free agency election is effectively an early non-tender.

Cincinnati also passed catcher Austin Wynns, righty Tejay Antone and outfielder Nick Martini through waivers unclaimed. Like France, Wynns and Martini opted for free agency. Antone accepted an outright assignment and will remain with the club and continue mending from the third elbow surgery of his career.

France, 30, was an offensive force for his first three years with the Mariners from 2020-22, hitting a combined .285/.355/.443 with 42 homers, 68 doubles and three triples in 1418 plate appearances. He rarely struck out (16.7%), hit plenty of line drives and, after spending much of his minor league career playing other positions, worked his way into becoming an above-average defender at first base.

The 2023 season was a step back in all regards. France’s batting line slipped to .250/.337/.366 — still respectable but nowhere near his prior levels, particularly in the power department. His production dwindled further this year, and the Mariners designated him for assignment after he mustered only a .223/.312/.350 line in 88 games. The Reds swung a trade to acquire France in hope that a change of scenery would improve his output. France’s rate stats modestly improved, but not to the extent that one might hope when going from the league’s most pitcher-friendly stadium in Seattle to its most homer-happy park in Cincinnati. He finished the year at .234/.305/.365 between the two clubs.

France will now head to the free-agent market for the first time but do so coming off a sub-optimal platform spanning two years of struggles. He’ll likely be limited to one-year offers and guarantees well shy of the $8.6MM he’d been projected to earn in arbitration.

Wynns, 33, is the consummate journeyman backup catcher. He’s a career .230/.277/.332 hitter in 673 plate appearances split among five big league teams. He’s been with six different organization since the Orioles selected him in the tenth round of the 2013 draft. Wynns is regarded as a sound defender but has never provided much from an offensive standpoint.

Martini, 34, cracked the Reds’ Opening Day roster and belted a pair of homers in their first game of the season. It was downhill from there, however. He hit just .204/.266/.324 over his next 159 plate appearances before suffering a sprained thumb that ended his season in early July. Martini is a career .294/.399/.454 hitter in parts of eight Triple-A seasons and a .252/.336/.400 hitter in 575 big league plate appearances.

Brandon Leibrandt Elects Free Agency

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Left-hander Brandon Leibrandt cleared outright waivers and elected free agency, according to his transaction log at MLB.com. Cincinnati had designated him for assignment on Monday as one of the corresponding moves to reinstate Christian Encarnacion-Strand and Matt McLain from the injured list. The Reds also designated Amed Rosario on Monday; there’s no formal resolution on his DFA but he’ll be a free agent as soon as the World Series ends so it’s irrelevant.

That wasn’t necessarily the case for Leibrandt, who would’ve been under club control if another team had claimed him. It always seemed likely he’d go unclaimed and return to the market in search of another minor league deal. The 31-year-old cracked the roster as a depth arm at the end of August. He pitched twice at the big league level, surrendering seven runs across 6 1/3 innings. Leibrandt’s only other MLB experience came as a member of the Marlins during the pandemic season. He has allowed nine runs over 15 1/3 career frames, walking nine batters while striking out eight.

Leibrandt was pitching in the independent ranks when the Reds signed him to a minor league deal in May. He pitched reasonably well as an organizational depth starter with Triple-A Louisville. Leibrandt turned in a 4.41 ERA across 83 2/3 innings in a hitter-friendly environment. He struck out a league average 22.7% of batters faced against a 6% walk rate. That could earn him another minor league contract.

Joey Jay Passes Away

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Former All-Star pitcher Joey Jay passed away last month at age 89, according to an obituary from a Florida funeral home. A 6’4″ right-hander, he pitched 13 seasons in the big leagues.

A native of Middletown, Connecticut, Jay signed with the Milwaukee Braves for a $20K bonus in 1953. Under the so-called “bonus baby” rules of the time, a player who signed for more than $4K could not be assigned to the minor leagues. Jay therefore jumped right to the majors as a 17-year-old for the 1953 season. He remarkably tossed 10 scoreless innings in an abbreviated stint. He only made 15 appearances the following year, struggling to a 6.50 ERA across 18 innings in his age-18 season.

After two seasons in the majors, Milwaukee was able to assign Jay to the minors. He wouldn’t make a permanent return to the big leagues until 1958, his age-22 campaign. Jay pitched well in a swing role over the next three years. His career really took off when he was dealt to the Reds as part of a package for Gold Glove shortstop Roy McMillan during the 1960-61 offseason.

Cincinnati plugged Jay into the rotation. He seized on his first permanent rotation spot, working to a 3.53 ERA over 247 1/3 innings covering 34 starts. He led the National League with 21 wins and four shutouts among his 14 complete games. Jay was selected to both All-Star teams in 1961 — MLB had multiple All-Star games for a few years during that time — and finished fifth in NL MVP balloting. Three of the four players above him (Frank Robinson, Orlando Cepeda, Vada Pinson and Roberto Clemente) went onto Hall of Fame careers.

The Reds finished 93-61 that season to secure the NL pennant before the introduction of the Championship Series. Cincinnati met the Yankees in the World Series. Jay got the ball in Game 2 and tossed a two-run complete game to get the victory. That’d be the Reds’ only win of the set. Jay was hit hard in the Game 5 clincher, as the Yanks tagged him for four runs without allowing him to escape the first inning.

That season was the highlight of Jay’s career, but he had another productive season in 1962. He again won 21 games with a 3.76 ERA through a personal-high 273 innings. While his production tailed off from there, he remained a fixture of the Cincinnati rotation through ’65. The Reds dealt him back to the Braves, who were playing in Atlanta by that point, midway through 1966. He finished his career with nine appearances there before being released.

Jay ended his playing days with 3.77 ERA in more than 1500 innings. He fell one win shy of the century mark and was one strikeout away from reaching 1000. Jay’s obituary notes that he went on to run companies in West Virginia and Florida during his post-playing days. MLBTR sends our condolences to his family, friends and loved ones.

Reds Designate Brandon Leibrandt, Amed Rosario For Assignment

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The Reds announced that infielders Christian Encarnacion-Strand and Matt McLain have been reinstated from the 60-day injured list. To open 40-man roster spots for those two, they designated left-hander Brandon Leibrandt and infielder Amed Rosario for assignment. Gordon Wittenmyer of the Cincinnati Enquirer relays on X that the moves were necessary because McLain and Encarnacion-Strand are technically on rehab assignments in the Arizona Fall League and they reached their maximum rehab time, therefore needing to retake spots on the 40-man roster.

The Reds suffered a large number of significant injuries in 2024, with McLain and Encarnacion-Strand two of the biggest losses. McLain underwent left labrum surgery in March and was hoping to come back around August. But he suffered a stress reaction in his rib cage while trying to make his way back and ended up missing the entire season.

Encarnacion-Strand played 29 games but may have been playing hurt as he put up a dismal .190/.220/.293 line in that time. He was hit by a pitch on his hand in April and an X-ray revealed an old fracture that CES couldn’t figure out how he suffered. He went on the IL in May with a right ulnar styloid fracture and eventually underwent surgery in June. That procedure came with a three-month timeline and he wasn’t able to return in the remainder of the regular season.

Both players missed significant time in 2024 but apparently got healthy as the season was ending, so the Reds sent both to the Glendale Desert Dogs of the Arizona Fall League to get some reps before the winter sets in. The Dogs played their first game on October 8 and rehab assignments come with a 20-day maximum for position players. It seems that MLB views their time in the AFL as a rehab assignment, so they had to be reinstated from the 60-day IL today with their rehab window closing.

The moves are largely technicalities, as both players would need to be reinstated from the injured soon regardless. There’s no injured list from five days after the World Series until spring training begins, so all players on the 60-day IL need to be reinstated soon anyway. This rehab formality just forced the Reds to do it slightly ahead of schedule.

Of the two players they bumped off, Rosario was slated to be off the roster soon anyway. He signed a one-year deal with the Rays for 2024, eventually getting traded to the Dodgers before landing with the Reds via waivers. There’s no reason for any club to claim him now, as 28 of the 30 clubs are eliminated. He wouldn’t be postseason eligible with the Yankees or Dodgers since it’s after the September 1 cutoff date. As a veteran with more than six years of service time, he has the right to reject an outright assignment. He’ll soon hit free agency, a few days earlier than anticipated.

Leibrandt, 32 in December, could have been retained for next year as he has less than a year of service time but seemingly wasn’t in Cincinnati’s plans. He signed a minor league deal with the club in May and got added to the roster at the end of August. He stuck on the 40-man for the final month of the season but was mostly on optional assignment. He only got into two major league games this year, allowing seven earned runs in 6 1/3 innings.

He was fairly serviceable in the minors this year, with a 4.41 ERA in 17 Triple-A starts. He had a 22.7% strikeout rate and 6% walk rate. However, he was pitching independent leagues last year and at the start of 2024. As a journeyman sliding towards his mid 30s, he was surely viewed as a temporary option on the club’s roster this year as they dealt with numerous pitching injuries.

As a player with a previous career outright, he has the right to elect free agency as opposed to accepting another outright assignment. Most clubs are facing roster crunches in the coming days, so he’ll presumably clear waivers and return to the open market shortly.

Reds Hire Chris Valaika As Hitting Coach

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The Reds announced today that Chris Valaika has been hired as director of hitting and major league hitting coach. He had previously been with the Guardians as that club’s hitting coach but will now move to the other side of Ohio.

Valaika, 39, was originally a third-round draft pick of the Reds back in 2006. He played in the majors from 2010 to 2014, for the Reds, Marlins and Cubs, and then pivoted to coaching after his playing days. He started in the minor league system of the Cubs, eventually working his way up to the major league staff with that club. He was hired by the Guardians going into 2022, working under then-manager Terry Francona.

Francona stepped away after 2023 to focus on his health, with Stephen Vogt taking over as Cleveland’s skipper. Francona is ready to return to a managerial role, as it was reported earlier this month than he’ll be leading the Reds starting with the 2025 season, replacing David Bell.

A few days after Francona’s hiring became public, it was reported that Cincinnati was moving on from hitting coach Joel McKeithan as well as assistant hitting coaches Terry Bradshaw and Tim LaMonte. One of those positions has now been filled with a familiar face for Francona.

In 2022, the Guardians hit .254/.316/.383 for a wRC+ of 100. That indicates they were exactly league average, though their 18.2% strikeout rate was the lowest in the majors by a notable margin, with the Astros second at 19.5%. The Cleveland offense dipped a bit in 2023, with a .250/.313/.381 line and 91 wRC+, but again with the best strikeout rate in the league. Here in 2024, they dropped to fifth-lowest in terms of strikeout rate but added some more power, getting to a .238/.307/.395 line and 100 wRC+ as they pushed as far as the ALCS.

It’s always difficult to separate the contributions of a coach from the performances of the players on the team, but Francona presumably had a good relationship with Valaika during their two years together, as he has now plucked him away and brought him to Cincinnati.

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