Reds pick up option on Cueto but decline to keep Ludwick
Published 1:50 am Friday, October 31, 2014
CINCINNATI (AP) — The Reds exercised Johnny Cueto’s $10 million contract option on Thursday but decided to let outfielder Ryan Ludwick and infielder Jack Hannahan become free agents.
Cueto also made $10 million last season, when he went 20-9 with a 2.25 ERA, the Reds’ first 20-game winner since Danny Jackson in 1988. Cueto had been guaranteed $27 million over four years and can become a free agent after next season.
Cincinnati had a $9 million option on Ludwick but chose to pay a $4.5 million buyout. Half will be paid by Nov. 15, 2015, and the other half by Nov. 15, 2016. Ludwick batted .244 with nine homers and 45 RBIs.
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Hannahan played only 26 games because of injuries. The Reds declined his $4 million option and will pay a $2 million buyout, half by this Nov. 15 and half by Nov. 15, 2015.
The Reds also outrighted right-hander Trevor Bell and infielder Neftali Soto off their 40-man roster. Infielder Ramon Santiago chose to become a free agent.
Bell made two relief appearances and gave up five runs while getting two outs. Soto went 3 for 30 in 21 games with one RBI. Santiago batted .246 in 75 games with two homers and 17 RBIs.