Blog Entry

Report: Cueto gets 4-year, $27M extension

Posted on: January 20, 2011 6:34 pm
Edited on: January 20, 2011 6:37 pm
 
Johnny Cueto
Continuing their push for payroll cost certainty, the Reds have avoided arbitration with starter Johnny Cueto by agreeing with him on a four-year, $27 million extension, according to ESPNDeportes.com (link in Spanish).

The deal buys out all of Cueto's abritration years and covers the first season he would have been a free agent in 2014. The Reds want to avoid any financial surprises in arbitration, and take the risk that he bottoms out, while Cueto takes the risk that he wins three straight Cy Youngs and ends up grossly underpaid.

On Tuesday, Cueto, 24, filed for arbitration and submitted a salary number of $3.9 million, while the Reds countered at $3 million. This reported deal would be worth an average value of $6.75 million per year.

Cueto went 12-7 with a 3.64 ERA last season, his third in the majors. His career mark is 32-32, 4.27.

-- David Andriesen

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Category: MLB
Comments

Since: Sep 19, 2006
Posted on: January 21, 2011 10:53 am
 

Report: Cueto gets 4-year, $27M extension

Jason Larue should have stayed on the Bench!



Since: May 29, 2009
Posted on: January 21, 2011 9:26 am
 

Report: Cueto gets 4-year, $27M extension

Honestly, its a shame that LaRue got hurt in that scuffle but thats the kind of stuff that happens when people fight.  Time to move on and get over it.  Besides, other than keeping the bench warm, LaRue's career was all but over any way.




Since: Oct 19, 2008
Posted on: January 21, 2011 8:14 am
 

Report: Cueto gets 4-year, $27M extension

Jason Larue had a CAREER? REALLY??



Since: Sep 13, 2006
Posted on: January 21, 2011 8:00 am
 

Report: Cueto gets 4-year, $27M extension

Cudos for he Red's for signing a thug that ended Jason LaRue's career for kicking him in the head. That's a real "CLASSY" organization!




Since: Apr 1, 2007
Posted on: January 21, 2011 7:12 am
 

Report: Cueto gets 4-year, $27M extension

the Reds....making all the right moves...I wish the Bengals would take notice of the way a class franchise works.  go Reds



Since: May 15, 2007
Posted on: January 21, 2011 4:23 am
 

Report: Cueto gets 4-year, $27M extension

They are quietly building a nice core for a multiple year run at the division and possibly more.



Since: Nov 26, 2010
Posted on: January 20, 2011 9:33 pm
 

Report: Cueto gets 4-year, $27M extension

Excellent move by the Reds. It's a risk, but a well calculated one that's validated by Johnny's success at such a young age.


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