The Reds announced that they have signed Keegan Thompson to a one-year contract. It is a Major League deal for the 30-year-old right-hander, and Gordon Wittenmyer of the Cincinnati Enquirer specifies the contract is a split deal that will pay Thompson $1.3MM for his time in the majors. Another $100K in incentive bonuses is also available in the contract.
A career Cub since being drafted by Chicago in the third round of the 2017 draft, Thompson will now head elsewhere in the NL Central. Thompson was a pretty decent reliever and even an occasional starter for the Cubs during the 2021-24 seasons, at least in terms of bottom line numbers. The righty posted a 3.64 ERA over his 227 1/3 career innings in the majors, and his 3.94 SIERA wasn’t much higher. Thompson had a respectable 23% strikeout rate but control was a bigger issue, as he had an 11.3% walk rate.
The Cubs seemed to fall out of favor with Thompson in the spring, as he was designated for assignment and then outrighted off the team’s 40-man roster. The result was a 2025 season spent entirely in the minors, as Chicago didn’t select Thompson’s contract back to the active roster even when the team was hunting for bullpen reinforcements. Thompson’s 4.50 ERA over 64 innings at Triple-A Iowa didn’t really help his case for a promotion, but he had a strong 29.5% strikeout rate and his walk rate was a more manageable 8.9%.
Thompson selected minor league free agency at season’s end. He is out of minor league options, so that means the Reds will have to DFA and outright Thompson when and if they bring him to the active roster and then want to send him to the minors. Now that Thompson has been outrighted, he has the right to elect free agency if he is ever outrighted again, though he would have to forfeit any guaranteed salary in that circumstance.
There’s not much risk for the Reds in bringing in Thompson as a low-cost depth option to at least check out during spring camp. The split contract also gives the team a bit more flexibility in moving Thompson to the minors at least on the financial side, apart from the out-of-options hurdle. Thompson is also arbitration-controlled through the 2027 season.


