The Dodgers acquired reliever Alexis Díaz from the Reds for minor league right-hander Mike Villani on Thursday afternoon. Los Angeles transferred Evan Phillips to the 60-day injured list to create a spot on the 40-man roster. According to Jack Harris of the Los Angeles Times, Díaz will report to the Dodgers’ Arizona facilities to work with the club’s pitching team.
Diaz, 28, has seen his stock drop precipitously since finishing fifth in 2022 Rookie of the Year voting and making the All-Star team in 2023. He’s lost nearly three miles per hour off his once-96 mph fastball and seen his already problematic walk rate climb to untenable levels. He appeared in six games with Cincinnati this season, surrendered four homers, walked 15.6% of his opponents against just a 9.8% strikeout rate, and plunked two other batters — all en route to a catastrophic 12.00 ERA.
Things haven’t gone much better since he was sent down to Louisville. Diaz’s 4.61 ERA is a far sight better than his small-sample mark of 12.00 in the majors, but he’s walked 17.1% of his Triple-A opponents, hit two more batters and also unleashed a pair of wild pitches. His 93.1 mph average fastball is right in line with the career-worst 93.0 mark he flashed in this year’s six major league innings.
Were Diaz’s struggles confined to just the 2025 season, it’d be easier to view him through a more optimistic lens. That’s not the case. While last year’s 3.99 ERA looks serviceable on the surface, that number belies many of the same worrying trends that have plagued Diaz in 2025. Last year’s average 93.9 mph fastball marked a drop of nearly two miles per hour from Diaz’s rookie rate. His 22.7% strikeout rate and 11% swinging-strike rate were both miles worse than his rates in 2022-23. Diaz’s contact rate jumped from about 67% in 2022-23 to 76.3% last year (and a dismal 87.1% in 2025). All of those worrying trends made Diaz stand out as a viable non-tender candidate, but the Reds kept him around and agreed to a $4.5MM contract to avoid an arbitration hearing. They’re surely regretting that decision at this stage.
Suffice it to say, while Diaz has plenty of name value — both as a former All-Star and as the younger brother of Mets closer Edwin Diaz — he’s a pure project at this point. The Dodgers made no mention of cash considerations in their swap, so it seems they’ll take on the entirety of Diaz’s remaining salary. As of this writing, that’s a total of $2.95MM in…
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