Report: Red Sox, Beckett progressing in talks

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SI.com’s Jon Heyman reports that the Red Sox and Josh Beckett are making progress on a new deal that would keep the free-agent-to-be in Boston beyond 2010.
The two sides have been working with an unofficial Opening Day deadline as they attempt to reach a compromise. Beckett, who is entering the option year of a contract that’s paid him $40 million over four years, would surely prefer to top the five-year, $82.5 million contract that John Lackey signed with the Red Sox over the winter.
The Red Sox, on the other hand, may prove unwilling to give Beckett a true five-year deal. Heyman suggests that a four-year extension worth about $70 million would be a fair compromise. It seems reasonable. Beckett would get a higher average annual salary than Lackey after his new contract begins, and the Red Sox wouldn’t have to commit beyond 2015. While it’s a steep figure, Beckett would almost surely command a true five- or six-year deal as a free agent next winter if he if he stays healthy and tops 200 innings for the fourth time in five years.

Reds, Raisel Iglesias agree to three-year contract

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The Reds announced on Wednesday that the club and pitcher Raisel Iglesias agreed to a three-year contract. Iglesias had been on a seven-year, $27 million contract signed in June 2014 and had two years with $10 million remaining. According to MLB.com’s Mark Feinsand, the new contract is worth $24.125 million, so it’s a hefty pay raise for Iglesias.

Iglesias, who turns 29 years old in January, has gotten better every season pitching out of the Reds’ bullpen. In 2018, he posted a 2.38 ERA with 30 saves and an 80/25 K/BB ratio in 72 innings. Over his four-year career, the right-hander has 64 saves with a 2.97 ERA and a 359/106 K/BB ratio in 321 2/3 innings.

Iglesias gets little fanfare pitching for the Reds, fifth-place finishers in each of his four years, but he is certainly among baseball’s better relievers. Signing him to a new three-year deal gives them some certainty at the back of the bullpen in the near future.

There was a bit of confusion regarding his previous contract, which allowed him to opt out and file for arbitration if eligible. Iglesias has three years and 154 days of service time, so his new contract essentially covers his arbitration-eligible years.