Reds president discusses potential Elly De La Cruz extension

During an interview on “The Front Office” on MLB Network Radio on SiriusXM, Reds president of baseball operations Nick Krall stated that the team had reached out to Elly De La Cruz’s camp about a long-term extension.  The timing of these discussions wasn’t specified, though it can be assumed that the two sides met either this past offseason or even in the 2023-24 offseason following De La Cruz’s rookie year.

“We made a run at it and obviously didn’t get anything done,” Krall said.  “We’ve had those conversations and that’s not something that we’ve been able to obviously match up on.  So hopefully maybe there’s something there, but as of right now, there’s nothing, there’s no talks that are currently happening.”

De La Cruz is under team control through the 2029 season, so there isn’t any immediate need for the Reds to lock the star shortstop up.  Naturally, there’s plenty of benefit to both extending De La Cruz beyond those controllable years, and even in gaining some cost certainty over his arbitration years.  EDLC could also gain another year of arbitration eligibility as a Super Two player, should he qualify under the next cutoff point in November.  We can safely assume that De La Cruz won’t be optioned to the minors this season, so he’ll finish 2025 with two years and 118 days of MLB service time — this happens to be the exact Super Two cutoff point in 2023, though that was one of the lower numbers of the last 15 years.

Gaining Super Two status would add millions to De La Cruz’s future earnings and only add to what will already be a pricey endeavor for the Reds in extending their young star.  De La Cruz is also represented by the Boras Corporation, and most (though certainly not all) Scott Boras clients generally test free agency rather than forego the market to instead sign a long-term extension.

An unheralded international signing in 2018, De La Cruz started to turn heads as a potential future star during the 2021 minor league season, then quickly gathered attention as an elite five-tool prospect.  The hype has only continued through De La Cruz’s three Major League seasons, as he has hit .261/.341/.475 with 40 home runs and a league-best 87 stolen bases over 1001 plate appearances since Opening Day 2024.

Only eight players in the sport having a higher fWAR than De La Cruz’s 8.5 number in that span, even if public defensive metrics are mixed on his shortstop ability.  The Reds’ once-vaunted stockpile of infield prospects has been diminished by injuries and under-performance, but the 23-year-old De La Cruz has emerged as the clear jewel of the group, so he looks like a mainstay even if Cincinnati perhaps explores a shift to third base down the road.

De La Cruz’s modest beginnings could perhaps work in the Reds’ favor for an extension, as De La Cruz’s career earnings consist of just his $65K signing bonus in 2018 and his minimum MLB salaries of his first couple of seasons in the Show.  He has been able to cash in with some high-profile endorsement deals, but De La Cruz doesn’t quite have the financial security that other prospects (i.e. high draft picks with larger signing bonuses) achieved before they even reached the majors.

This could make De La Cruz a little more open to locking in a life-changing fortune sooner rather than later, even if Boras isn’t likely to make it easy for the Reds to get any kind of hometown discount.  EDLC will hit free agency entering his age-28 season, so he’ll have plenty of prime years remaining as he reaches the open market.  If he happens to reach Super Two eligibility and get his first arb year this coming winter, he’ll already lock in a hefty first-time arbitration salary for 2026 based on the counting numbers he has posted in his young career.  All things considered, it would seem like De La Cruz could safely bet on himself to stay healthy and keep earning big throughout his arb years, with or without a Super Two designation.

The other key question is whether or not a smaller market team like the Reds is willing to make the type of major investment it will take to extend De La Cruz.  Joey Votto’s ten-year, $225M extension from the 2012 season is the largest contract in Cincinnati history, and any long-term extension for De La Cruz will naturally far surpass that 13-year-old deal.  Bobby Witt’s 11-year, $288.78M extension with the Royals from February 2024 is a more recent comp for a young star shortstop, though given how mega-deals for Juan Soto (a Boras client) and Vladimir Guerrero Jr. have raised the bar on baseball salaries just within the last seven months, Boras will surely be looking at least top the $300M threshold.

Kansas City’s deal with Witt is a prime example of how lower-spending teams can go all in on a young star they view as the face of the franchise, so it is possible the Reds may view De La Cruz in the same light.  Time will tell if De La Cruz and the Reds can find common ground on a deal, and if not, De La Cruz’s status as a forthcoming free agent (or potential trade chip) will become a major storyline in Cincinnati through the rest of the decade.