ESPN’s Jeff Passan reports that the Reds are in agreement with free agent right-hander Nick Martinez on a two-year, $26 million contract.
The deal includes an opt-out after the first year, much like the contract the Reds agreed to earlier this week with fellow free agent Emilio Pagán. Martinez had a solid 2023 season in 63 appearances for the Padres, including nine starts. He posted a 3.43 ERA, 1.26 WHIP and 106 strikeouts in 110 1/3 innings. He opted out of the last two years and $16 million of his deal with San Diego to become a free agent and will now perhaps get a chance to start in Cincinnati. If not, he’ll serve as a valuable multi-inning reliever out of the bullpen.