Reds trade setup man Jonathan Broxton to the Brewers

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The National League Central-leading Brewers just made a pretty significant upgrade to their bullpen.

From Ken Rosenthal of FOXSports.com comes word that Milwaukee has acquired right-handed reliever Jonathan Broxton in a waiver trade with the Reds. No word yet on Cincinnati’s return package.

Broxton owns a dominant 1.86 ERA and 1.01 WHIP in 48 1/3 innings (51 appearances) this season. He is owed $9 million in 2015 with a $9 million mutual option (or $2 million buyout) for the 2016 campaign.

The 30-year-old will slide into a setup role behind Brewers closer Francisco Rodriguez, who is second in the majors with 39 saves. Milwaukee currently owns a one-game lead over the Cardinals (and a two-game lead over the Pirates) in the NL Central standings.

The Reds have fallen to 8 1/2 games back and have now pushed a big chunk of change off their books.

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UPDATE, 1:51 p.m. ET: MLB.com’s Adam McCalvy says the Reds will get two players to be named later.

Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.