Report: Johnny Cueto seeking $200 million “or thereabouts”

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The Reds and starter Johnny Cueto didn’t reach an agreement on a contract extension before the right-hander’s Opening Day deadline. In fact, the Reds were so sure they wouldn’t be able to strike a deal, they didn’t appear to have even submitted an offer to Cueto, Jon Heyman of CBS Sports reports. Per Heyman, Cueto is reportedly seeking a $200 million contract “or thereabouts”.

Cueto, 29, is coming off of the best season of his career, finishing second in NL Cy Young balloting to Clayton Kershaw. He posted a 2.25 ERA and a 242/65 K/BB ratio in 243 2/3 innings. Cueto has finished with an ERA below 2.85 in each of the last three seasons (min. 20 starts).

Given the recent contracts signed by Max Scherzer ($210 million over seven years) and Jon Lester ($155 million over six years), it’s understandable why Cueto is holding out for a big payday. However, he’ll be joining a very crowded market for free agent starting pitchers this off-season. Barring new extensions, he’ll be joined by Doug Fister, Yovani Gallardo, Scott Kazmir, Mat Latos, Mike Leake, David Price, Jeff Samardzija, Jordan Zimmermann, and potentially Zack Greinke if he opts out of his contract with the Dodgers. The saturation of the starting pitching market could take a year or two and quite a few million off of Cueto’s final price.

The Reds should be expected to shop Cueto heavily leading up to the July 31 trade deadline.

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.