What's Happening?
The Cincinnati Reds have decided not to exercise a $12 million mutual option for outfielder Austin Hays, making him a free agent. Hays, who joined the Reds on a one-year deal, had a solid season with a .768 OPS and 15 home runs in 103 games. However,
his recurring health issues and subpar defensive performance influenced the Reds' decision. Despite his All-Star status in 2023, Hays will receive a $1 million buyout from the team. The Reds' current outfield lineup lacks a right-handed bench outfielder, which could lead to Hays returning to the team at a lower price.
Why It's Important?
This decision by the Reds highlights the financial strategies teams employ during the MLB offseason, particularly regarding luxury tax considerations. Hays' move to free agency opens opportunities for other teams to acquire a player with proven offensive capabilities, albeit with defensive limitations. The Reds must now address their outfield composition, which lacks depth against left-handed pitchers. This situation could impact their competitiveness in the upcoming season, especially if they fail to find a suitable replacement or if Hays signs elsewhere.
What's Next?
As Hays enters free agency, he is likely to attract interest from multiple MLB teams seeking to bolster their offensive lineup. The Reds may consider re-signing him at a reduced rate, given their current outfield needs. Other teams will evaluate Hays' potential contributions against his injury history and defensive shortcomings. The Reds' management will need to explore alternative options to strengthen their outfield, possibly through trades or other free agent signings.
