Mat Latos, Reds avoid arbitration with two-year contract

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Cincinnati has avoided arbitration with Mat Latos by signing the right-hander to a two-year, $11.5 million contract.

Latos was arbitration eligible for the first time at age 25 and requested $4.7 million while the Reds countered at $4.15 million. This deal gives him some financial security in case an injury happens and gives the team some cost certainty in case he has a big year. And he’ll still be arbitration eligible again in 2015.

Latos was acquired from the Padres last offseason for Yonder Alonso, Brad Boxberger, Yasmani Grandal, and Edinson Volquez, throwing 209 innings with a 3.48 ERA and 185/64 K/BB ratio to show that his success in San Diego was hardly a Petco Park illusion.

Among all active pitchers with at least 100 career starts Latos ranks 14th in ERA (3.41) and 15th in strikeouts per nine innings (8.42).

Free agent slugger José Abreu signs 3-year, $58.5M deal with Astros

Kamil Krzaczynski-USA TODAY Sports
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HOUSTON — Jose Abreu and the World Series champion Astros agreed to a three-year, $58.5 million contract, adding another powerful bat to Houston’s lineup.

Abreu, the 2020 AL MVP, gets $19.5 million in each of the next three seasons.

He spent his first nine major league seasons with the Chicago White Sox. The first baseman became a free agent after batting .304 with 15 home runs, 75 RBIs and an .824 OPS this year.

With the Astros, he replaces Yuli Gurriel at first base in a batting order that also features All-Star sluggers Yordan Alvarez, Jose Altuve, Alex Bregman and Kyle Tucker.

Gurriel became a free agent after Houston defeated the Philadelphia Phillies this month for its second World Series championship.

The 35-year-old Abreu becomes the biggest free agent to switch teams so far this offseason. Born in Cuba, the three-time All-Star and 2014 AL Rookie of the Year is a .292 career hitter in the majors with 243 homers, 863 RBIs and an .860 OPS.

The Astros announced the signing. Abreu was scheduled to be introduced in a news conference at Minute Maid Park.

He would get a $200,000 for winning an MVP award, $175,000 for finishing second in the voting, $150,000 for third, $125,000 for fourth and $100,000 for fifth. Abreu also would get $100,000 for earning World Series MVP and $75,000 for League Championship Series MVP, $75,000 for making the All-Star team and $75,000 for winning a Gold Glove or a Silver Slugger.

Abreu gets a hotel suite on road trips and the right to buy a luxury suite for all Astros home games.