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Mat Latos, Reds avoid arbitration with two-year contract

Feb 12, 2013, 12:46 PM EDT

Mat Latos AP

Cincinnati has avoided arbitration with Mat Latos by signing the right-hander to a two-year, $11.5 million contract.

Latos was arbitration eligible for the first time at age 25 and requested $4.7 million while the Reds countered at $4.15 million. This deal gives him some financial security in case an injury happens and gives the team some cost certainty in case he has a big year. And he’ll still be arbitration eligible again in 2015.

Latos was acquired from the Padres last offseason for Yonder Alonso, Brad Boxberger, Yasmani Grandal, and Edinson Volquez, throwing 209 innings with a 3.48 ERA and 185/64 K/BB ratio to show that his success in San Diego was hardly a Petco Park illusion.

Among all active pitchers with at least 100 career starts Latos ranks 14th in ERA (3.41) and 15th in strikeouts per nine innings (8.42).

  1. uyf1950 - Feb 12, 2013 at 12:49 PM

    IF he does hit free agency for the 2015 season he’s going to be a “hot” commodity.

    • bsbiz - Feb 12, 2013 at 1:03 PM

      Not eligible for Free Agency until 2016 season.

      • uyf1950 - Feb 12, 2013 at 1:14 PM

        My mistake, sorry. But he will still be a hot commodity, it will just have to wait until 2016

      • bsbiz - Feb 12, 2013 at 2:21 PM

        That’s also assuming the Reds allow him to hit the open market.

      • paperlions - Feb 12, 2013 at 2:57 PM

        Unless something dramatic changes in the Reds finances, they’ve already spent their expected increased future revenues on the Phillips and Votto extensions, haven’t they?

        If Latos stays healthy, in 3 years he is looking at $20M+/year. Is that something the Reds will be able to do? Seems unlikely, but not impossible. The Reds also have a pretty good group of power arms that are 2 years or so away, so they may have the pitching depth to trade him or to let him go if he wants top dollar.

      • okwhitefalcon - Feb 12, 2013 at 4:47 PM

        I think they’re do for a boost from a new TV deal with Fox Sports Ohio in a year or 2, not totally sure though.

        God knows it won’t come from attendance….

  2. billgatesbarber - Feb 12, 2013 at 12:57 PM

    Great steal by the Reds. They picked him up for two PED users and a first baseman who needs to be on PEDs.

  3. stanggtman - Feb 12, 2013 at 2:19 PM

    Reds = 2013 NLC, NL, and WS Champs!

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