Latos, Reds agree to $11.5M, 2-year deal

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.