Cardinals sign veteran reliever Brian Fuentes to minor league contract

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UPDATE: The Cardinals just announced that they have signed Fuentes to a minor league contract. According to Ken Rosenthal of FOXSports.com, the veteran reliever will report to the team’s Gulf Coast League affiliate on Monday and is expected to be in the minors for no more than two weeks.

Friday, 10:33 PM: Jon Heyman of CBSSports.com reports that Fuentes is now “likely” to join the Cardinals.

Friday, 10:30 PM: Brian Fuentes was granted his release by the Athletics this week after being designated for assignment, but he’s not having any trouble attracting potential suitors now that he’s a free agent.

Jon Heyman of CBSSports.com reported earlier today that six teams have shown interest in Fuentes. Meanwhile, Cardinals general manager John Mozeliak confirmed to Joe Strauss of the St. Louis Post-Dispatch that he has interest in the veteran southpaw and hopes to hear a decision at some point this weekend.

Fuentes, 36, posted a 6.84 ERA and 18/10 K/BB ratio over 25 innings this season before getting the boot from Oakland. The Athletics are covering his remaining salary, roughly $2.5 million for the rest of this season and a $500,000 buyout on a $6.5 million option for next season, so he can sign anywhere for a pro-rated portion of the major league minimum. His closing days are over, but he figures to catch on somewhere as a middle reliever.

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.