Reds acquire right-hander Mat Latos from Padres in multi-player deal

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UPDATE: The Reds just announced that they have acquired Latos from the Padres for first baseman Yonder Alonso, right-handers Edinson Volquez and Brad Boxberger and catching prospect Yasmani Grandal. Wow. This one is looking a lot better for San Diego.

1:12 PM: Well, the Reds have landed the top-flight starter they’ve been looking for all offseason.

Ken Rosenthal of FOXSports.com reports that the Reds have acquired right-hander Mat Latos from the Padres. Yonder Alonso is among the players being sent to San Diego.

Latos has a 3.37 ERA over his first 72 starts in the majors, averaging 8.7 K/9 and 2.8 BB/9. The 24-year-old began this season on the disabled list with a shoulder strain, but ended up posting a 3.47 ERA and 185/62 K/BB ratio over 194 1/3 innings. He is arbitration-eligible for the first time next winter and under team control though 2015. His home/road splits aren’t all that different, so he should do fine with the move to Great American Ballpark.

Alonso is well regarded for his bat, but was blocked at first base in Cincinnati by Joey Votto. He could probably step in as the starting first baseman with the Padres right away, though one wonders what will happen with Anthony Rizzo, who was acquired from the Red Sox in last winter’s Adrian Gonzalez deal. Perhaps new GM Josh Byrnes has another deal on the way.

Like most of you, I’m eager to see who else the Padres got here. Latos was their most valuable chip, so I’m underwhelmed at the moment.

Report: Welington Castillo to be suspended 80 games for violating Joint Drug Agreement

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Ken Rosenthal of The Athletic confirms a report from journalist Américo Celado that White Sox catcher Welington Castillo will be suspended 80 games for violating baseball’s Joint Drug Agreement. Castillo was believed to have used a steroid, but according to Rosenthal, the substance was not a steroid. More details should come on Thursday.

Castillo, 31, entered Wednesday’s action batting .270/.314/.477 with six home runs and 15 RBI in 118 plate appearances. He has gotten the bulk of the work behind the plate, backed up by Omar Narváez.

Castillo’s absence will likely prompt the White Sox to call up Kevan Smith from Triple-A Charlotte. Smith battled an ankle injury in March and April, so he got a late start to the season. In 102 PA at Triple-A, he has hit .283/.343/.457.