Jan 26, 2011, 2:15 PM EST
Cueto, who was arbitration eligible for the first time this season and submitted a figure of $3.9 million, gets a four-year deal worth an estimated $27 million and the Reds also hold an undisclosed team option for 2015.
In other words, they bought out all three of his arbitration-eligible seasons and his first year of free agency, with the option to buy out his second year of free agency as well. Cincinnati now controls Cueto through his age-29 season.
Ranked among baseball’s elite pitching prospects while coming up through the minors, Cueto surprisingly won a spot in the Opening Day rotation as a 22-year-old in 2008 and has sliced his ERA from 4.81 to 4.41 to 3.64 in three seasons. He hasn’t racked up quite as many strikeouts as his minor-league numbers and raw stuff suggested was possible, but Cueto looks likely to be a solid No. 2 starter long term.
- Tony Blengino says recent report on Seattle front office is “just the tip of the iceberg” 22
- Rakuten Golden Eagles appear likely to allow Masahiro Tanaka’s departure to MLB 44
- 2013 Winter Meetings Preview 21
- Matt Kemp remains “in play” for the Red Sox 56
- Robinson Cano “didn’t want to play” for Joe Girardi 106
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (111)