When Can Cincinnati Paint the NL Central Red?

To put it charitably, it’s been a rough 18 months for fans of the Reds. Finding themselves surprisingly in the wild card race in July 2021, the team’s front office bravely ran away at the trade deadline, choosing only to improve the bullpen depth slightly. The downhill slope has only grown steeper since then, as the organization chose to go into full fire sale mode, trading practically every player with a significant contract who drew interest from another team. The exodus of talent had immediate results in Cincy: the team lost 100 games for the first time since 1982, when Reds GM Dick Wagner conducted his own fire sale on the dried-up husk of the Big Red Machine.

For anyone who may have thought that Cincinnati’s suddenly hard-line approach to spending was a temporary rebuilding strategy, ownership has done its best to disabuse fans off the notion. Bob Castellini was reportedly one of the owners who didn’t want to raise the luxury tax threshold at all, and he’s spoken repeatedly about the team’s finances. Club president Phil Castellini, during a lunch with a Reds booster group, gave a confusing presentation about how awful it was to own a baseball team, complete with a bizarre presentation that either made myriad mistakes or simply made up playoff projections from this very site. Most prognostications have the Reds challenging the Pirates for fourth place in the NL Central in 2023.

Against this backdrop, not all is doom and gloom. Despite the disappearance of talent at the major league level, there are a lot of interesting players in the minors. The farm system improved to eighth in the league in our late 2022 rankings, and five prospects made our recently released Top 100 Prospects list. The 2023 ZiPS projections for the Reds are bleak, but it’s more optimistic about the state of the farm system, ranking seven Cincinnati prospects in its Top 100. Overall, 11 players made the Top 200 in the ZiPS prospect list, including a ludicrous numbers of shortstops (five).

There’s not a whole lot of pitching on this list, but the good news is that the Reds already have some promising arms on their roster. ZiPS thinks that the three front-end starters — Hunter Greene, Graham Ashcraft, and Nick Lodolo — will all make positive contributions in 2023, and odds are they’ll be even better come ’25 or ’26. Before and after a shoulder strain that cost most of his August, Greene was dominant in his 35 1/3 second-half innings, with a 1.02 ERA, 1.70 FIP, 13 strikeouts per game, and a walk rate cut in half from before the All-Star break. The last may be the most important; it doesn’t take a whole lot of innings to establish an improved (or worsened) walk rate. Lodolo, meanwhile, barely needed a half-season to put up 2 WAR, and Ashcraft and his high-90s fastball ought to have some strikeout upside.

If we construct a roster based on who is under contract or team control, you can cobble together most of a pretty interesting 2025 roster. Now, not all of these players will actually be on the roster in two years; the idea is to get the baseline for a team with the players the Reds currently have.

C Tyler Stephenson
1B Christian Encarnacion-Strand
2B Jonathan India
3B Noelvi Marte
SS Elly de la Cruz
LF Spencer Steer
CF Matt McLain
RF Allan Cerda
DH Jake Fraley

C Mat Nelson
IF Edwin Arroyo
OF Michael Siani
OF Stuart Fairchild

SP Hunter Greene
SP Nick Lodolo
SP Graham Ashcraft
SP Andrew Abbott
SP Connor Phillips

RP Alexis Díaz
RP Tejay Antone
RP Justin Dunn
RP Reiver Sanmartin
RP Ian Gibaut
RP Connor Overton
RP Joel Kuhnel
RP Ricky Karcher

You can no doubt quibble with any of these choices, because this is highly speculative. Maybe the shortstops sort themselves out in a different way, assuming that some aren’t directly traded for outfield help. Perhaps the Reds stick with Nick Senzel through his free-agent season, but I personally feel that he’s a prime suspect to be non-tendered after 2023. There are myriad choices that can be made differently, but generally speaking, if you can only make the 2025 Reds using in-organization players, the basic framework is likely to be something in this ballpark.

I did this with the Pirates last week (and the rest of the league), and I only got the Bucs to 76 wins in 2025. But the Reds have a sunnier baseline; with all teams under the same constraints, they “start” 2025 with a baseline projection of 85 wins. That’s not to say that will be the projection, only where the team stands in talent in 2025 compared to the rest of the league. And an 84-win team in the NL Central is a contender, unless someone decides to go all-in, Padres-style, in the next couple years.

This is where Cincinnati hits an important decision point. If a team like this looks to be a contender in 2025, would there actually be investment in the roster in free agency to get it over the top? The lack of this was the crucial element that doomed the good 2010s Pirates teams. Will the Castellinis, if they’re still the owners, stick to their financial guns when there’s a real chance at playoff contention? It doesn’t really make sense to spend a lot on the Reds as they’re currently constructed, but what happens when there’s a compelling reason to? I don’t know the answer to that question, though I’m cautiously pessimistic.

There’s a lot to not like about the Reds right now. But there’s a lot to like about their future, if ownership is willing to allow that future to fully bear fruit.