The Reds announced via Twitter:
#Reds have acquired LHP Alex Wood, OF Matt Kemp, OF Yasiel Puig, IF/C Kyle Farmer and cash from the Dodgers in exchange for RHP Homer Bailey and minor leaguers IF Jeter Downs and RHP Josiah Gray.
The cash is reportedly $7 million. The Dodgers are expected to release Bailey.
Wood, Kemp and Puig are all one-year players who qualify for free agency in 2020.
Using estimates of arbitration awards for Wood and Puig, plus Kemp’s $21.75 million contract, the Reds have taken on $42 million in new payroll for 2019, minus the $23 million of Bailey’s contract. With the $7 million in cash from the Dodgers, this increases the Reds payroll to about $116 million. That leaves a lot of room for further acquisitions.
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