Reds sign Cuban pitcher Rasiel Iglesias to $30 million deal

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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.

Report: Twins interested in Wade Miley

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Free agent left-hander Wade Miley is among several offseason targets for the Twins, according to a report from Darren Wolfson of KSTP. Miley’s $12 million option was declined by the Orioles back in November, and while he’s expected to attract another major league deal in 2018, he hasn’t exactly been highly sought after this offseason.

The 31-year-old lefty finished his second campaign with the Orioles in 2017, producing an 8-15 record in 32 starts and ranking second-to-last among all AL starters with a 5.61 ERA, 5.3 BB/9 and 8.1 SO/9 in 157 1/3 innings. Even taking Miley’s undeniable durability into account — he remained healthy for the bulk of the season and completed his sixth straight year with 30+ starts — his declining value and career-worst numbers may lower his price tag as the 2018 season approaches.

Wolfson notes that the Twins have engaged in “regular dialogue” with Miley’s agent this winter, but he’s far from the only starting pitcher they have their eye on. Right-handers Yu Darvish, Lance Lynn, Alex Cobb and Chris Tillman are still on their radar, among several others, and club owner Jim Pohlad said Saturday that he was “totally on board” with the idea of signing a big-name free agent like Darvish or another available starter. “There are some interesting names and some interesting opportunities there,” Pohlad told a crowd at TwinsFest. “I’m as intrigued by it as anybody and attracted to it as anybody.”