Brewers sign Jonathan Lucroy to $11 million extension

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UPDATE: Tom Haudricourt of the Milwaukee Journal Sentinel says the deal is for five years and $11 million in guaranteed money.

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Jonathan Lucroy and the Brewers are on the verge of agreeing to a multi-year contract extension, according to Ken Rosenthal of FOXSports.com.

No details yet, but Rosenthal reports that the extension will be for either four or five years. Lucroy won’t even be arbitration eligible for the first time until 2014, so a four-year deal would simply be pre-paying for his arbitration seasons and a fifth year would buy out his first season of free agency in 2017.

If that happens Lucroy will be one of the least accomplished players to ever sign a long-term extension, as the 26-year-old catcher has hit just .260 with a .307 on-base percentage and .366 slugging percentage in 211 games. He started 114 of 162 games last season, but posted a modest .703 OPS that ranked 17th among the 21 catchers with at least 100 games.

Lucroy is certainly capable of more production and always showed good on-base skills in the minors, but right now he looks like more of a role player than a long-term building block.

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.