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Reds sign Cuban pitcher Rasiel Iglesias to $30 million deal

Jun 27, 2014, 4:28 PM EDT

Raciel Iglesias Getty Images

Making official what was reported as “close” last week, the Reds have signed Cuban right-hander Rasiel Iglesias to a seven-year, $30 million contract.

Iglesias is 24 years old with a fastball that tops out in the mid-90s and posted a 1.68 ERA with 50 strikeouts in 54 innings in Cuba last season. He has starting experience, but the Reds are expected to make him a full-time reliever and he should move quickly through the farm system on the way to likely joining Cincinnati bullpen as a setup man for countryman Aroldis Chapman.

Iglesias’ contract does not count against the international signing bonus limits because he’s older than 23 and has significant experience in Cuba, so the Reds were able to break the bank. And it’s an MLB contract, so he goes directly onto the 40-man roster.

  1. dondada10 - Jun 27, 2014 at 4:41 PM

    Any word on what his stuff looks like? Is he hitting triple digits like Chapman? 30 mil is definitely on the high end of the reliever pay scale.

    • cubfan531 - Jun 27, 2014 at 4:54 PM

      88-92 at the WBC, 92-95 when the Cuban National Team did their series against the US Collegiate Team, big sweeping breaker in the low-to-mid 70’s. Smallish at 5’11”. Velocity might jump up a bit.

    • jwbiii - Jun 27, 2014 at 5:14 PM

      From Ben Badler at BA:

      Iglesias threw 88-92 mph at the WBC in March, he was more impressive on Cuba’s U.S. tour, where he threw 92-95 mph. Igelsias also added and subtracted from a sweepy 76-81 mph breaking ball, varying the shape on it to get a surprising number of swings and misses on the pitch.

      Control has been an issue in the past for Iglesias, who in 2011-12 had more walks (54) than strikeouts (53) in 76 2/3 innings while maintaining a 3.29 ERA.

      Also has some video.

  2. DiscountGolfEquipment - Jun 27, 2014 at 6:22 PM

    30 Million for a reliever?

  3. tyler200829 - Jun 28, 2014 at 2:56 AM

    It’s a seven year deal for 30 million. Read the facts and you’d understand that 4 million a year for a top end reliever isn’t bad at all.

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