The Reds have added $11MM to their payroll within the past two days. They signed outfielder Austin Hays to a one-year deal with a mutual option and assumed $6MM of the $12MM remaining on Taylor Rogers’ contract. They also inked veteran southpaw Wade Miley to a minor league deal that’d come with a $2.5MM base salary if he breaks camp.
It seems that’ll settle the roster going into Spring Training. President of baseball operations Nick Krall tells Gordon Wittenmyer of the Cincinnati Enquirer that the Reds are “probably in a spot where this is (the) team going to camp.” Krall didn’t firmly shut the door on making any other moves — no front office head would — but it appears the Reds are content to take this group into Spring Training.
Earlier this evening, Jon Heyman of the New York Post floated the Reds as a potential dark horse fit for Pete Alonso. Cincinnati’s first base mix is a question after Jeimer Candelario and Christian Encarnacion-Strand struggled last season. Encarnacion-Strand was limited to 29 games before undergoing season-ending wrist surgery. While Alonso would unquestionably raise the floor, it’s hard to see a scenario in which Cincinnati would meet his asking price.
Alonso is reportedly open to a short-term deal with opt-outs after the market didn’t present the longer term he was seeking. That’ll only increase the average annual value, though, which is probably a non-starter for Cincinnati. Shortly after acquiring Gavin Lux from the Dodgers, Krall said the Reds didn’t have “a ton” of payroll space. Their subsequent local TV deal with Main Street Sports (the rebranded Diamond Sports Group) created some spending room for the Hays and Rogers investments. Offering $25MM+ annually to lure Alonso to Cincinnati would be on a completely different level.
RosterResource calculates the Reds’ payroll around $115MM. They finished last season in the $100MM range. According to Cot’s Contracts, Cincinnati’s franchise-record Opening Day payroll was around $127MM back in 2019.