Mark Sheldon is reporting that Uncle Walt and the Reds have signed RHP Raisel Iglesias to a 7-year deal that will net the 24 year-old Cuban $30 million. The $30 million deal is a good deal more than what was reported back on the 16th, when rumors bubbled up that the Reds were interested in Iglesias.
Iglesias has been a relief arm most of his career in the Serie Nacional league in Cuba, but he has started some games. At 5'11", 165 lbs, he's a bit undersized, but the Reds already have two undersized right handers in their rotation now. While an AAV of a bit more than $4 million isn't a ton for a relief pitcher in this day and age, I would hope that the Reds give Iglesias a fair shot at sticking in the rotation.
We will find out shortly where he'll report once Iglesias' visa issues are squared away, which may shed some light on what role the Reds will choose to use the right-hander.
Iglesias is over 24, and has played in a professional league for more than 3 seasons, so his signing will not affect the Reds' international signing pool bonus this year.