This is all we know so far. Just an unconfirmed report.

 

We’ll update here if any other news develops tonight.

The Reds acquired Harvey from the Mets in a May 8 trade that sent catcher Devin Mesoraco to New York. Harvey made 17 starts for the Reds. In 90.1 innings, he struck out 69 and walked 21 with 4.28 ERA, 4.52 FIP and 4.48 xFIP. 

We wrote a few things about him here: Matt Wilkes analyzed Harvey’s potential to regain his form in this post about a week after the trade. Jeff Gangloff laid out the scenarios for what the Reds could do with Harvey. Nick Carrington wrote a terrific retrospective on the Reds trade for Matt Harvey and issues surrounding the trade deadline and the Reds inability to move him then. 

A week ago, I explained the dilemma the Reds faced in timing when they sent Harvey through waivers:

“At the start of August, a team would have been on the hook for about $1.8 million. That might be too much for a team like Cleveland to block with. But now at the end of August, it’s half that. I wonder when the Reds tried/will try to send him through. The earlier he goes through the more value he has for a new team (although does cost more). If they wait (1) he has additional starts to help or hurt his chances, (2) he takes more and more starts away from other pitchers. Hard to get around the conclusion the Reds really botched this at the deadline. They had to suck it up and take whatever they could get.”

Turns out they waited almost to the end of the August waiver period. 

It was stunning news when the Reds failed to make a trade at the deadline. A bunch of people, including the Reds according to reporters, believed Harvey would pass through waivers, meaning the Reds could try to trade him to any team. I was skeptical:

“Harvey has to pass through waivers to even be tradable in August. I have doubts that will happen. His price tag will be about $1 million by the time the trade occurs. I can imagine a bunch of teams putting in a blocking claim and being willing to eat the $1 million if the Reds just ditch Harvey, which is hard to see them doing. The Reds absolutely had to take the best offer at the trade deadline, even if they weren’t satisfied with it. The opportunity cost of starts Harvey takes up and the laughable six-man rotation is an ongoing problem. For whatever reason, whether it was owner pressure to keep winning, other than the Duvall trade, the paralysis at the trade deadline was awful.”

The Reds are now left with three choices: (1) make a deal within 48 hours with the team who claimed Harvey, (2) release Harvey to that team and receive nothing in return, or (3) revoke the waiver claim and hold on to him.

Why would the Reds simply send Harvey to the claiming team? They would save about $1 million and they would have a solution to the embarrassing and bench-shorting six-man rotation. And that’s absolutely what they should do if necessary.