Marshall signs three-year extension
The Reds announced that LHP Sean Marshall has been signed to a three-year contract extension throug the 2015 season. With a year to go on his current deal, that means he will have four years in Cincinnati.
“We’re obviously very excited about it,” Reds GM Walt Jocketty said. “When we made the trade for him, we made it intending to extend him. We felt confident we would do that. We wanted to approach it sooner than later. Our goal was to try and get it done before the start of camp, or at least before we started playing games. We did it get it done before the games.”
With Ryan Madson signed only for this season, another attraction to locking up Marshall is that he could become a closer down the road.
“No. 1, he is a quality person and I think he’s going to add a lot to our franchise and organization for at least four years,” Jocketty said. “You look at the quality of his work. He’s one of the top setup guys in the game. And we’ll have flexibility with him in the future if we want to use him as a closer. That will be determined as we go down the road.”
UPDATE – Marshall’s three-year extension is worth $16.5 million and has up to a $1 million bonus for games finished if he becomes a closer and up to $1 million for games started should he somehow become part of the rotation. There is also a partial no-trade clause.
“I’m super excited,” Marshall said. “Since day one when I came to the new facility here and got to meet my Reds teammates and staff, and got to be back with the Dusty and the coaches I was with, they were all very welcoming. I’ve been very excited so far in spring training. The Reds have taken extremely good care of myself and I see they take care of all of their players. I’m excited to spend the next four years in a Reds uniform and hopefully help guide them to a championship.”