Nick Martinez Keeps His Options Open, Signs With Reds

In the early hours of Thursday morning, the Reds made their second signing in as many days, adding right-handed pitcher Nick Martinez on a two-year, $26 million deal. Evidently, Cincinnati decided to get in on the regional pitching party; of the nine free-agent pitchers to sign MLB deals with new teams so far, six have joined the AL or NL Central. Not to mention that two of the four position players switching teams also came to the Central, and word on the street is that the Brewers are signing top prospect Jackson Chourio to an $80 million extension. The Central division teams, often the most overlooked and underfunded, have been surprisingly active so far this winter.
Martinez, who turned 33 this past August, is coming off the strongest season of his truncated career. Never a top prospect, he struggled over parts of four seasons with the Rangers from 2014 to ’17, posting a 4.77 ERA and 0.5 WAR in 415.1 innings. He was non-tendered following the 2017 season, after which he spent four years in Japan, pitching for the Nippon Ham Fighters and the Softbank Hawks of NPB. His 2021 season for the Hawks was particularly impressive; he averaged more than 6.2 innings per game and finished second in the Pacific League in ERA (min. 50 IP), trailing only Yoshinobu Yamamoto. His performance caught the attention of several MLB clubs, and when the lockout ended, he signed a four-year, $25.5 million deal with the Padres that included opt-outs after every single season.
Martinez performed well enough in 2022 to escape his deal at the first chance he got, pitching to a 3.47 ERA and 4.43 FIP in 47 games. His underlying numbers weren’t as impressive as his ERA, and while he pitched in nearly every role — starter, long-man, set-up man, closer — a lot of his success came in lower-leverage relief opportunities. Still, he knew he could do better than the three years and $18 million remaining on his contract, and indeed, only a few days after he opted out, he and the Padres agreed on a richer contract, albeit one still replete with options, team and player alike.
Martinez looked even better in 2023, but his performance wasn’t quite enough to convince the newly cost-conscious Padres to pick up their team option for $32 million over the next two years. At the same time, the righty decided he could do better than his player option for two years and $16 million. His new deal with the Reds splits the difference at $26 million over two years. Read the rest of this entry »








