Mets, Bobby Parnell agree at $1.7 million

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The Mets and Bobby Parnell avoided arbitration Thursday by agreeing to a one-year, $1.7 million contract.

The 28-year-old Parnell was eligible for arbitration for the first time after just missing out on Super-Two eligibility last year. He won’t be a free agent until after the 2015 campaign.

Parnell finished last season with a 5-4 record, five saves and a 2.49 ERA in 68 2/3 innings. He struck out 61, walked 20 and allowed four homers.

The plan is for Parnell to open this year as a setup man, with Frank Francisco getting his closing job back despite a 5.53 ERA in 42 1/3 innings last season. Still, Parnell is at least as likely as Francisco to lead the Mets in saves.

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.