The Cincinnati Reds have wrapped up their Friday by signing their last player that was arbitration eligible. Luis Castillo and the Reds agreed to a 1-year contract for the 2021 season for $4,200,00 and avoided the complexity of an arbitration hearing that pits the team versus the player where the team argues why a player isn’t quite good enough to get the money that they are asking for. Robert Murray of Fansided was the first to report the details of the agreement.
When the day began the Reds had six players that were arbitration eligible, but as the day went on the organization agreed with each player on a deal for the upcoming season. Pitchers Michael Lorenzen, Tyler Mahle, Amir Garrett, and Noé Ramirez, as well as outfielder Jesse Winker all got deals done before the deadline this evening. We’ve got the details on all of those deals right here.
While MLB Trade Rumors was pretty close on all of the other five contract agreements that the Cincinnati Reds reached today to avoid arbitration, they were off by quite a bit when it comes to Luis Castillo. The projected Castillo arbitration number was $5,800,000. With a deal for $4,200,000 that’s a big drop off. Perhaps it’s due to how starting pitchers are expected to be handled this year in arbitration and his past performance that plays into things here.
In the 2020 season, Luis Castillo posted a 3.21 ERA in 12 starts. Over his 70.0 innings pitched he struck out 89 batters and had a 1.23 WHIP to go along with five home runs and 24 walks allowed.
For Castillo, he’s earned a significant raise thanks to his performance on the mound. For the team, they now have cost certainty for their roster as things stand now. While the differences in many of the agreements today were small compared to what MLB Trade Rumors had projected, in total the differences worked out to be about $3,000,000. We don’t know if the team projected the same differences or not, but even if their numbers were closer to where they landed, they now know exactly how much is going to be spent on these six players. That gives them a little more wiggle room on any free agent deals or trades that they may have been considering if the budget is as tight as they seem to be leading you to believe.