Mark Sheldon of MLB.com is reporting that the Reds have settled on an agreement with right-hander Mike Leake that avoids the two from having to go to arbitration. The deal is reportedly worth one-year, $3.06 million.
Leake initially filed for $3.5 million during the exchange of salary figures last month while the team offered $2.65 million. Naturally, each side compromised and met in the middle to get the contract worked out.
The 25-year-old made $507,500 last season.
The 2013 campaign will mark the fourth full season for the Arizona State product. Through the first three years, Leake has compiled a 28-22 record and a 4.23 ERA in 83 appearances. He posted an 8-9 mark and 4.58 ERA in 2012. With Aroldis Chapman slated to enter the starting rotation this year, it is unclear how Leake fits into the pitching staff puzzle just yet.
Cincinnati still has three players up for arbitration in the likes of Shin-Soo Choo, Homer Bailey, and Mat Latos.