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).
Ken Rosenthal of The Athletic reports that the Pirates will sign reliever Felipe Rivero to a four-year contract extension that includes two club options. The total value of the deal is believed to be $22 million and each club option is worth $10 million.
Rivero, 26, did not come to an agreement with the Pirates to avoid arbitration in his first year of eligibility ahead of last Friday’s deadline. He requested a $2.9 million salary for the 2018 season while the Pirates countered at $2.4 million. This extension will cover all four years of Rivero’s arbitration eligibility and the two club options can cover his first two years of free agency as well.
Rivero was one of baseball’s best relievers last season, finishing with 21 saves, a 1.67 ERA, and an 88/20 K/BB ratio in 75 1/3 innings. The Pirates acquired him from the Nationals along with minor leaguer Taylor Hearn ahead of the 2016 non-waiver trade deadline in the Mark Melancon deal.
Presumably, Rivero’s extension was in the works before he knew anything about the Andrew McCutchen trade. He made a couple of tweets following this afternoon’s news. In one, he used only the “facepalm” emoji. The other was a .gif of The Office character Jim Halpert yelling, “What is going on?”