The Cincinnati Reds have signed reliever Raisel Iglesias to a new three year contract. This is not an extension, as he was under team control for those years already. What it does, though, is avoid the issues of going to arbitration for the next three seasons.
When Raisel Iglesias signed his initial 7-year deal with the Cincinnati Reds, there were options in the contract that allowed him to opt for arbitration every year following the 2016 season. Given how he has performed that certainly would be what he and his agents would do as it would result in more money for him.
This deal locks up those years at a set number. Mark Feinsand of MLB.com had the salary first. While he doesn’t have the breakdown by year at this point, he does have the total salary of those three seasons.
Raisel Iglesias’ new three-year deal with the Reds is worth $24,125,000 according to a source.
— Mark Feinsand (@Feinsand) November 21, 2018
That’s essentially $8M per year, if it is broken down evenly. We don’t know that it is or not, though. If we assume that it is, that’s a potential big raise for 2019. For 2020 I would think it’s about on par with what he would be expected to get – maybe slightly less. It’s that 2021 year, if it’s at $8M, that would be an absolute bargain year by comparison to what he would have gotten in arbitration.
Update at 5:15pm
The Cincinnati Reds during a conference call with the media were not willing to comment on whether or not the contract has a no-trade clause, citing that the team doesn’t comment on that publicly.