The Cincinnati Reds made official their signing of right-hander Frankie Montas on Tuesday, noting that he’ll be guaranteed $16 million over the administrative portion of his one-year contract. That’s because he’ll technically earn $14 million for 2024 with a $2 million buyout of a $20 million option for the 2025 season that has a near 100% chance of being declined.
The #Reds today signed RHP Frankie Montas to a one-year contract through the 2024 season with a mutual option for 2025 and designated for assignment C Austin Wynns.