Reds, righty Latos agree to two-year, $11.5M deal

CBSSports.com wire reports
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GOODYEAR, Ariz. -- 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.

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 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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