Yankees agree to a four-year, $52 million contract extension with outfielder Brett Gardner

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From Jack Curry of the YES Network comes word that the Yankees are on the verge of signing outfielder Brett Gardner to a four-year, $52 million contract extension. The deal, which will officially begin in 2015, also includes a $12.5 million club option (or $2 million buyout) for the 2019 season.

Gardner was arbitration-eligible for the third and final time this winter, so the new contract covers four years of free agency (with a possible fifth).

Gardner, 30, batted .273/.344/.416 with 24 steals and 81 runs in 145 games last year for New York.

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UPDATE, 1:51 p.m. ET: Jon Heyman of CBS Sports reports that it’s a done deal.

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.