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Reds missed prime opportunity to follow up Caleb Ferguson signing with impact trade

The Cincinnati Reds' rebuilt bullpen is starting to take shape, and the unit could emerge as one of the strengths of the team in 2026.

The big move was re-signing closer Emilio Pagán to a two-year deal, locking in their late-inning tandem of Pagán and Tony Santillan for the foreseeable future.

They also made an under-the-radar signing by bringing in long-reliever Keegan Thompson on a split deal. The longtime Chicago Cub hasn't rediscovered the form that led to a breakout 2022 season, but he's proven capable of handling the same kind of bulk-role that Nick Martinez has been tasked with over the past couple of seasons.