As starting pitchers continue to fly off the shelves, Nick Pivetta is one of the more established starters remaining on the open market. He’s already been linked to the Mets, and today the Reds have emerged as another suitor. The New York Post’s Joel Sherman reported earlier today that the Reds have checked in on Pivetta, implying their interest might have heightened after they missed out on trade target Garrett Crochet.
The Reds have already been active on the starting pitching market this offseason. They extended a qualifying offer to Nick Martinez in November, which he accepted. Not long after, they acquired Brady Singer from the Royals in exchange for Jonathan India. Along with young arms Hunter Greene, Nick Lodolo, and Andrew Abbott, that gives the Reds five capable big league starters, in addition to top prospect Rhett Lowder. Nonetheless, it’s not hard to understand why president of baseball operations Nick Krall is still pursuing starting pitching.
Abbott and Lodolo both finished the 2024 season on the injured list. Greene came off the IL in time to make two short starts at the end of the year, but he was out from mid-August to late September. All three have shown promise when healthy, but none has pitched a full MLB season. The same is true of the veteran Martinez, who has played a hybrid starter-reliever role for most of his MLB career. If the Reds sign Pivetta, they’d be much better equipped to weather an injury to one of their starters. In a best-case scenario in which everyone is healthy on Opening Day, Martinez can pitch out of the bullpen while Lowder starts the year in the minors. If Lowder forces his way onto the Opening Day roster with a strong spring, new manager Terry Francona could be facing a logjam, but that would be a pretty good problem to have.
That said, it would be slightly surprising to see Cincinnati sign Pivetta given the numerous other areas of need for Krall to address. The Reds finished among the bottom half of teams in runs scored this past season. They ranked 21st in OPS and 26th in wRC+. They recently traded India, one of their better offensive players in 2024, and have not made any additions to the starting lineup. Considering they already have six contenders for five spots in next year’s rotation, one might think the Reds would put most of their remaining resources toward improving the offense. To that end, they have been linked to trade candidates such as Luis Robert Jr., Josh Naylor, and Lane Thomas.
Earlier this offseason, Reds chief operating officer and chief financial officer Doug Healy told Mark Sheldon of MLB.com that his team would “maintain payroll levels at or above 2024.” That’s a vague and noncommittal statement, but it does seem to imply that a major increase in payroll is unlikely. So, it’s fair to wonder if Reds ownership would be willing to spend what it takes to sign Pivetta and bolster the offense. After all, RosterResource estimates that their payroll for 2025 ($101MM) is already slightly higher than their final payroll from 2024 ($100MM).
Pivetta is most likely seeking a multi-year deal similar to those Luis Severino signed with the A’s (three years, $67MM) and Yusei Kikuchi signed with the Angels (three years, $63MM). Meanwhile, Thomas is projected to earn $8.3MM and Naylor $12MM in 2025. Robert will earn $15MM in the final guaranteed year of his contract. All three of those salaries are team-friendly figures; a similarly impactful position player would cost significantly more in free agency. Will Krall have the financial flexibility to offer Pivetta an AAV above $20MM and still acquire an impact bat?
