The Reds have signed Cuban right-handed pitcher Rasiel Iglesias to a seven-year contract through the 2020 season.
UPDATED: According to industry sources, the contract is worth $27 million and came with a $5 million signing bonus. It is a Major League contract and Iglesias will join the organization after working out issues with his visa.
“This was really a team effort in getting this deal done because it was a lengthy process,” Reds general manager Walt Jocketty said. “There were a lot of people involved and a lot of clubs involved.”
Iglesias, a 24-year-old reliever that is listed at 5-foot-11 and 165 pounds, threw for the big league scouts, including the Reds, last month in Haiti. Reds scouts that included Tony Arias, Mark Snipp and Miguel Machado returned to Haiti a second time to see him pitch again.
Although he is a reliever, the Reds believe he can be a starter.
“They felt he had four quality pitches,” Jocketty said. “They felt he could be a starter and be a starter very soon. They’ve seen him pitch several times three innings of relief and when we get him to the United States and a little bit stronger, we feel he’ll be a starter in the next year or so, hopefully.”
Iglesias defected from Cuba in November after a failed attempt in September.
More to come on MLB.com.