Reds Continue Cost-Cutting with Trade of Iglesias
After beefing up their payroll to the point of setting a franchise record, the Reds made the playoffs for the first time since 2013, but thus far this winter, they’ve gone into cost-cutting mode. Not only do they appear likely to lose Trevor Bauer in free agency, but they non-tendered late-season pickup Archie Bradley, have let it be known that they’re listening to offers for Sonny Gray, and on Monday traded closer Raisel Iglesias to the Angels for reliever Noé Ramirez.
Quite clearly, for the Reds it’s money driving this particular move rather than talent. Iglesias, who turns 31 on January 4, has saved 100 games over the past four seasons and is coming off a strong campaign — if 23 innings can be called a campaign — in which his 1.1 WAR ranked second among NL relievers behind Rookie of the Year Devin Williams. He’s due to make $9.125 million in the final year of a three-year, $24.125 million extension that he signed in November 2018. By contrast Ramirez, who turns 31 on December 22, has compiled just 0.4 WAR in parts of six major league seasons, including 0.1 in his 21-inning season with the Angels. As a Super Two, he’s heading into his second year of arbitration eligibility but is under club control through 2023; if not for the pandemic, he would have made $900,000 in 2020 (all dollar figures in this piece are full-season salaries, not prorated).
The Reds are sending an undisclosed amount of cash to the Angels, and will receive “future considerations,” either a player to be named later or cash sometime down the road. At best, that’s a minimal sweetener to offset the apparent imbalance in talent. Perhaps there’s something that Reds pitching coach Derek Johnson — whose reunion with Gray, whom he coached at Vanderbilt, helped him regain form, while pitchers such as Luis Castillo, Anthony Desclafani, and Bauer improved on his watch as well — sees in Ramirez, but given his low velocity (an average of 88.8 mph on his four-seam fastball, putting him in the eighth percentile) and underwhelming numbers, its unclear what that might be.
In other words, this is clearly a salary dump. Read the rest of this entry »