Mat Latos, Reds avoid arbitration with two-year contract

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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).

Report: Momentum in talks between Mariners, Jon Jay

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MLB.com’s Mark Feinsand reports that there is some momentum in talks between the Mariners and free agent outfielder Jon Jay.

Jay, 32, hit .296/.374/.375 in 433 plate appearances with the Cubs last season, which is adequate. He’s heralded more for his defense and his ability to play all three outfield spots.

The Mariners are losing center fielder Jarrod Dyson to free agency and likely don’t want to rely on Guillermo Heredia next season, hence the interest in Jay. The free agent class for center fielders is otherwise relatively weak.