Details of Johnny Cueto’s new contract

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Via the Associated Press, here are the details of the contract extension Johnny Cueto signed with the Reds yesterday:

2011 – $3.4 million
2012 – $5.4 million
2013 – $7.4 million
2014 – $10 million
2015 – $10 million team option or $800,000 buyout

Add it all up and Cueto, who submitted a figure of $3.9 million for arbitration this year, receives $27 million in guaranteed money while the Reds buy out his three seasons of arbitration eligibility plus his first season of free agency and secure an option for his second year of free agency.

Taking that kind of upfront cash is rarely a mistake for a 24-year-old pitcher, but if Cueto stays healthy the Reds will likely be very happy with the deal. Barring arm problems his first two years of free agency could be worth significantly more than $20 million and the Reds were able to gain the two additional seasons of control without going crazy on any of the salaries for arbitration seasons.

Report: Mariners sign Juan Nicasio to a two-year deal

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Ken Rosenthal of The Athletic reports that the Mariners have signed pitcher Juan Nicasio to a two-year contract, pending a physical.

Nicasio, 31, spent last season with the Pirates, Phillies, and Cardinals, putting up an aggregate 2.61 ERA with a 72/20 K/BB ratio in 72 1/3 innings. He appeared in 76 games, leading the National League.

Nicasio will help bolster the Mariners’ bullpen behind closer Edwin Diaz. It’s not known exactly what role he’ll have but it seems reasonable to assume he’ll handle mostly the seventh inning while Nick Vincent will set up for Diaz. Nicasio does have plenty of starting experience so he could also spot start in a pinch.