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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.

Blue Jays designate Edwin Jackson for assignment

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Back in May journeyman Edwin Jackson debuted with the Toronto Blue Jays. When he did so, he made history by suiting up for a record 14th different team in his 17-year big league career.

Sadly the 14th time wasn’t the charm, as Jackson has been knocked around pretty good with Toronto, posting an 11.12 ERA in 28 and a third innings over eight appearances, five of which came as starts. He was just insanely hittable over that span, allowing a staggering 15.6 hits per nine innings. As such, it’s not too surprising that the Jays designated Jackson for assignment today. They did so to make room for Jacob Waguespack, who will start tonight’s game against the Red Sox.

Jackson, 35, will not try to latch on with team number 15. Or, I suppose, he he has almost even odds to re-join an old team.