Nick Martinez accepted the Reds’ $21.05MM qualifying offer this week, making him the lone player of the 13 who received a QO to accept that one-year deal. The two parties talked about a potential multi-year deal before the 34-year-old righty accepted, and while talks on a multi-year deal are reportedly on hold for now, Martinez suggested that he’s still open to such an arrangement and has received no indication from the club that talks won’t pick up down the line (links via Mark Sheldon of MLB.com and C. Trent Rosecrans of The Athletic).
“Accepting the qualifying offer doesn’t limit us from talking, so I’m definitely still open to it if that helps mitigate costs for this year or sign more guys,” Martinez said yesterday (via Rosecrans). Via Sheldon (on BlueSky), he added: “To my understanding, [discussing a multi-year deal] is still on the table.”
Martinez’s $21.05MM salary puts the Reds right back at their 2024 payroll level, per RosterResource’s projections. Reds COO Doug Healy said last week that the 2025 payroll would be “at or above” last year’s roughly $100MM level. A $21MM salary for Martinez doesn’t leave tons of wiggle room, and the Reds haven’t divulged just how far “above” that $100MM level they’d be comfortable spending. Working out a two- or three-year deal with Martinez that might reduce his 2025 salary would give the Reds more flexibility and also allow them to further extend their control over a player who president of baseball ops Nick Krall called a “great team guy” and a “lead-by-example guy.”
Prior to the Reds’ surprise decision to tender a QO to Martinez, MLBTR had penciled Martinez in for a three-year, $39MM contract on our annual Top 50 Free Agent rankings. The Athletic’s Tim Britton offered a very similar three-year, $40MM prediction. A deal in that range could allow the Reds to trim several million off Martinez’s 2025 salary — perhaps even more, if the team is willing to backload the deal so Martinez’s salaries are greater in 2026-27, when other contracts will be coming off the books. Emilio Pagán is earning $8MM in 2025 but is a free agent at season’s end. Jeimer Candelario is signed for two more years and earning more in ’25 ($15MM) than in ’26 ($12MM).
Among the Reds’ other goals in free agency are adding a bat to the lineup, deepening the bullpen and, per Sheldon, improving the team’s overall defense. Landing a corner outfield bat has long seemed like a…
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