Latos, Reds agree to $11.5M, 2-year deal
Mat Latos #55 of the Cincinnati Reds pitches against the San Francisco Giants in Game Five of the National League Division Series at Great American Ball Park on October 11, 2012 in Cincinnati, Ohio. (Photo by Andy Lyons/Getty Images)
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Posted: 02/12/2013
GOODYEAR, Ariz. (AP) -- Right-hander Mat Latos has agreed to an $11.5 million, two-year contract with the Cincinnati Reds, avoiding what would have been baseball's first salary arbitration hearing of the year.
Latos will receive salaries of $4.25 million this year and $7.25 million in 2014 under Tuesday's deal.
Cincinnati obtained Latos from San Diego before the 2012 season. He solidified a rotation that was one of the NL's best, helping the Reds win the NL Central for the second time in three seasons. Latos went 14-4 with a 3.48 ERA and two complete games in 33 starts.
Latos made $550,000 last season. Eligible for arbitration for the first time, he had asked for $4.7 million in arbitration and had been offered $4.15 million.
The Reds also reached a 1-year deal with outfielder Shin-Soo Choo Monday night. The terms of that deal have not yet been disclosed.
Right-hander Homer Bailey is the last Reds player in arbitration. He has asked for $5.8 million, and the Reds have offered $4.75 million. They've also discussed a multiyear deal with Bailey, who pitched a no-hitter at Pittsburgh last Sept. 28.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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