Reds decline options on Ryan Ludwick, Jack Hannahan

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Cincinnati picking up a $10 million option on Johnny Cueto for next season was a no-brainer decision and at the opposite end of the spectrum so are declining 2015 options on Ryan Ludwick and Jack Hannahan.

Ludwick gets a $4.5 million buyout instead of a $9 million option and Hannahan gets a $2 million buyout instead of a $4 million option, both of which are very pricey buyout figures.

Ludwick had a great first season with the Reds in 2012, hitting .275 with 26 homers and an .877 OPS in 125 games on a cheap one-year contract, but then they signed him to a $15 million extension and he went on to hit just .243 with 11 homers and a .666 OPS in 150 games over the next two seasons.

Hannahan somehow talked the Reds into giving him a two-year contract after looking like little more than a decent bench player and then injuries wiped away even that modest value.