Reds Trade Closer Raisel Iglesias to the Angels for Noe Ramirez and a PTBNL

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Reds Trade Closer Raisel Iglesias to the Angels for Noe Ramirez and a PTBNL

Chicago Cubs

Hey, it’s an actual, legit, interesting, meaningful trade. Can we call it the Winter Meetings now?

The Reds, who apparently do not want to win the NL Central, have dumped their closer:

In essence, the Reds are trading down from Iglesias to Ramirez, getting more/cheaper team control in the process, and a PTBNL. Iglesias, 31 next month, will make $9.125 million this season before hitting free agency, and he projects to probably be really dang good, as he usually is. Note that the Reds also had to include cash in this deal.

Ramirez, 31 this month, will make a little over $1 million this year in his first of three arbitration years. He’s been a useful reliever in his time with the Angels, but he’s not Iglesias:

(via FanGraphs)

Maybe the Reds figure out a way to unlock Ramirez and take him to another level, but it’s more likely he is who he is: a cheap, controlled, useful reliever.

As for the PTBNL? It’s probably not a significant prospect. This time of year, it’s usually a player who is Rule 5 eligible, and is called a PTBNL just in case he gets selected in the draft and you have to pick someone else.

This sure looks like a flat-out salary dump by the Reds, who are also rumored to be out there aggressively shopping Sonny Gray (and who will also be losing Trevor Bauer).

Author: Brett Taylor

Brett Taylor is the Editor and Lead Cubs Writer at Bleacher Nation, and you can find him on Twitter at @BleacherNation and @Brett_A_Taylor.