Cubs and Geovany Soto avoid arbitration with one-year deal

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According to Bruce Levine of ESPNChicago.com, the Cubs and Geovany Soto have agreed to a one-year, $3 million contract, avoiding arbitration in the player’s first year of eligibility. He earned $575,000 last season.

Soto, who turns 28 later this month, bounced back from a disappointing 2009 campaign to bat .280/.393/.497 with 17 home runs and 53 RBI over 105 games last season. He led all MLB catchers (with at least 350 plate appearances) with an .890 OPS. He underwent season-ending shoulder surgery last September, but is expected to be ready for spring training.

With Soto out of the way, that leaves Carlos Marmol, Tom Gorzelanny, Sean Marshall and the newly-acquired Matt Garza as the club’s remaining arbitration-eligible players. It will be interesting to see if the Cubs consider a multi-year extension for Marmol, who made $2.125 million in his first time through the arbitration process last winter.

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.