George Postolos, who was hired as Astros president and CEO when Jim Crane took over as owner in late 2011, announced today that he’s resigning from the job.
According to his MLB.com bio Postolos “had worked with Crane for five years in pursuing an MLB franchise before ultimately completing the purchase of the Astros.”
Postolos was previously the president and CEO of the Rockets and the idea at the time was that he’d be a good fit with the Astros’ new-school front office.
While both sides’ press releases make it sound like an amicable parting of ways, Brian T. Smith of the Houston Chronicle reports that “there was an increasing divide within Astros and many were unhappy with decisions made by Postolos.”
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.