Cincinnati Reds release Mike Moustakas with $22 million remaining in contract

After three seasons, Mike Moustakas’ time in the Cincinnati Reds organization is officially over.

The Reds released Moustakas on Thursday after he was designated for assignment on Dec. 22 when they signed free agents Wil Myers and Curt Casali. The Reds are eating the $22 million remaining in Moustakas’ contract and the 34-year-old will search for playing time opportunities elsewhere.

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Releasing Moustakas was the likeliest outcome after he was designated for assignment. The Reds never…