Johnny Cueto and the Reds finalize long-term extension

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This afternoon the Reds officially announced the long-term contract extension with Johnny Cueto that was first reported last week.

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.

Video: Jake Arrieta hits a 465-foot home run off of Zack Greinke

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Jake Arrieta‘s bat is in midseason form already. The Cubs’ ace swatted a solo home run to center field off of Zack Greinke in Thursday afternoon’s Grapefruit League exhibition game, his first homer of the spring.

The blast went 465 feet, according to MLB.com’s Daren Willman.

Arrieta has hit two home runs in each of the past two seasons. Madison Bumgarner (eight) and Noah Syndergaard (four) are the only other pitchers to match or exceed his output in that department.

Greinke, meanwhile, is hoping to bounce back after a miserable 2016 season. He finished with an uncharacteristic 4.37 ERA in 26 starts in his first year with the Diamondbacks.

Luis Valbuena to miss four to six weeks with a strained right hamstring

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Angels first baseman Luis Valbuena will miss the next four to six weeks with a strained right hamstring, Pedro Moura of the Los Angeles Times reports.

Valbuena, 31, signed a two-year, $15 million contract with the Angels in January and was on track to get the lion’s share of the playing time at first base. While he’s out, however, C.J. Cron will handle first base on a regular basis. When Valbeuna returns, the two will likely form a platoon.

Last year with the Astros, Valbuena hit a solid .260/.357/.459 with 13 home runs and 40 RBI in 342 plate appearances.