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Reds, Votto reach three-year, $38M contract extension

Jan 16, 2011, 1:10 PM EDT

Philadelphia Phillies v Cincinnati Reds, Game 3 Getty Images

Big news out of Cincinnati.

According to’s Mark Sheldon, the Reds reached agreement this afternoon on a three-year, $38 million contract extension with first baseman Joey Votto.

Jon Heyman of first caught wind of the negotiations this morning and everything is expected to be made official once the slugger passes a physical Monday.

The contract will cover all three of Votto’s arbitration years, and at a pretty decent rate.  Ryan Howard was awarded a record $10 million in his first arbitration case back in 2008 and Votto might have topped that if the process went to a hearing this offseason.  Then he would top that again in 2012, and then again in 2013.  Howard made $44 million total in his first three years of arbitration eligibility with the Phillies.

If the 27-year-old continues to post numbers like he did in 2010, the extension will prove to be a major bargain.  And with the way his career has unfolded, there’s no reason to think he won’t.

Reds fans might have preferred that the club lock Votto up for a longer period of time, but there’s no sense in negotiating a long-term extension with a player who carried his amount of leverage.  The Reds had him under team control through 2013 anyway and now they simply have him locked in at a set price.

Votto hit .324 for the National League Central champs last season with 37 homers and 113 RBI.  He led all National League hitters with a sparkling 1.024 OPS on his way to capturing the National League MVP and he also played plus defense at first base.  The Reds are going to be competitors for as long as he’s around.

  1. elmaquino - Jan 16, 2011 at 1:52 PM

    Bring em on! our big man is goin to get an extnsion soon too. GO CARDS!

  2. dansullivan82 - Jan 16, 2011 at 2:16 PM

    Nice to see some real offense in cincinnati sticking around

  3. metalhead65 - Jan 16, 2011 at 3:44 PM

    nice but watch them use this contract as an excuse to play the small market card when it comes down to signing phillips or somebody else who could improve the rich as castalinni is never want to hear that excuse! pay what takes to keep this team a contender!

  4. sportsdrenched - Jan 16, 2011 at 4:16 PM

    Small Market teams signs their MVP to a long term deal…and people still aren’t happy. Sheesh!

    Good for the Reds. Hopefully they sign the other players around him.

    With Walt Jockety with the Reds I would expect them to consistantly contend for the NLC Title.

    • metalhead65 - Jan 16, 2011 at 11:45 PM

      yea 3 years is long term right. they controlled that long anyway now they know how much it will cost them insteado having to thru arbitration. was not unhappy with just merely pointing out what will happen when it comes time to pay the other guys surrounding him like phillips. hopefully those the other players jockety signs to help keep the reds in contention won’t all be washed up ex cardnials like he has been signing.

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