Reds and Latos agree to 2 year deal

[LRCW]

The two sides avoid arbitration. That leaves only Homer Bailey.

[I gotta go to work]

2 years $11.5 Million.

[HammerTime]

2 years $11.5 Million.

 

That's a great deal. Shocked he didn't want more.

[I gotta go to work]

That's a great deal. Shocked he didn't want more.

 

He filed for arbitration at $4.7 million, the Reds countered at $4.15M. So the Reds bought out two years. He will be arbitration eligible for the final time after 2014, and hit free agency after 2015.

[Clyde]

How much was Leake's contract?

[spindoc]

That's a bargain, considering he's gonna win the Cy Young this year. Yeah, I said it.

[plantmanky]

Still not 100% sold on Latos but hes growing on me.

[HammerTime]

How much was Leake's contract?

 

3.06M...

[HammerTime]

He filed for arbitration at $4.7 million, the Reds countered at $4.15M. So the Reds bought out two years. He will be arbitration eligible for the final time after 2014, and hit free agency after 2015.

 

If he has another year similar to last year he would have gotten way more than 6M next year.

[I gotta go to work]

If he has another year similar to last year he would have gotten 10M in arbitration next year.

 

No doubt. Smart move by the Reds. I predict he will have a very large contract when 2016 rolls around. One hundred..

[HammerTime]

No doubt. Smart move by the Reds. I predict he will have a very large contract when 2016 rolls around. One hundred..

 

Yeah, it's gonna be hard for the Reds to keep him if he keeps getting better.

[uselessinfo]

Latos, I think, will have a breakout year this year from start to finish.

[TTS_JF]

Good deal for the Reds.

[Flotsam]

The leverage the Reds have is to sign Latos to a long term deal with big money stretched out over an extended period of time before he is free agent eligible. (See Votto and Bruce) The Reds give up the pre-free agency discounted years in return for locking him up. Latos would take less over time in return for eliminating the possibility that an injury takes him out before he gets to test the free agency waters. Castellini has been masterful in locking up the crown jewels. (As compared with Mike Brown who will squeeze every last cent out of the bargain years and start to negotiate with his free agents when they can shop the rest of the NFL)

[Colonels_Wear_Blue]

Glad to have Tat Latos hanging around for another couple years.