Joel Sherman of the New York Post reports that the Reds and closer Aroldis Chapman have settled on a one-year deal avoiding arbitration. His salary: $5 million, which is the midpoint between his asking price of $5.4 million and their offer $4.6 million.
And before you ask, yes, I realize that Chapman had a long-term deal with Cincinnati when he signed there. But under the terms of that deal, Chapman was eligible to convert the $3 million he was originally owed for 2014 into a bonus if he was eligible for arbitration. So the $3 million is now mere bonus with the $5 million as his salary, making him an $8 million man this year.
No word on whether that contract ever discussed converting him back into a starting pitcher, but I guess I lost that battle a couple of years ago.