Reds ink Candelario to 3-year, $45M deal

Published 6:51 pm Wednesday, January 3, 2024

CINCINNATI (AP) — Third baseman Jeimer Candelario gets a $3 million signing bonus as part of his $45 million, three-year contract with the Cincinnati Reds, a deal that includes a 2027 team option and could be worth $60 million over four seasons.

Candelario has salaries of $12 million this year, $15 million in 2025 and $12 million in 2026, and the Reds have an $18 million option for 2027 with a $3 million buyout.

As part of the agreement announced Dec. 12, Candelario will donate 1% of his salary each season to the team charity.

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Candelario played for Washington and the Chicago Cubs last year, batting .251 with 22 homers and 70 RBIs in 140 games. The switch-hitter also had 39 doubles.

A New York City native who turned 30 on Nov. 24, Candelario can play first and third base. He also could be part of Cincinnati’s lineup as a designated hitter.

Right-hander Frankie Montas, whose $16 million, one-year contract was announced Tuesday, can earn an additional $300,000 in performance bonuses for starts: $100,000 each for 18, 20 and 22. Montas has a $14 million salary this year, and his deal includes a $20 million mutual option for 2025 with a $2 million buyout.

He would get $100,000 bonuses for making the All-Star team, winning a Gold Glove or Comeback Player of the Year, or for World Series or League Championship Series MVP. He would get $250,000 for winning the Cy Young Award or MVP, $150,000 for finishing second or third, and $100,000 for fourth or fifth.