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According to Rosenthal's report, which has since been confirmed by several other reputable sources on Twitter, the two sides have agreed to a two-year pact.
UPDATE: Jon Heyman of FanRag Sports reported the deal at two-years, $16.75 million on Twitter.
MLB Trade Rumors predicted Reed would fetch a four-year, $36 million deal. In that same piece, the site ranked Reed 16th among its top 50 free agents, third among relievers, trailing only Wade Davis and Greg Holland.
According to Jeff Passan of Yahoo Sports, Reed turned down longer-term deals in order to come to Minnesota.
Reed is from California, but spent the first three seasons of his career with the Chicago White Sox. Here's a look at his numbers from Baseball-Reference:
Reed is the third relief pitcher the Twins have signed to a major league deal this offseason, joining Fernando Rodney and Zach Duke. Once the deal has been made official, the Twins will need to make room for Reed on their 40-man roster.
It appeared in mid-December that Reed was Philadelphia bound, but a deal never was finalized and the Phillies signed Tommy Hunter instead. There have been three relievers signed to three-year deals, all by the Colorado Rockies (Davis at $52 million, Bryan Shaw at $27 million and Jake McGee at $27 million), but it appears the Twins have been rewarded for waiting out the market. Reed's deal comes in just over what Pat Neshek got from the Phillies (two-years, $16.25 million) and just behind what Juan Nicasio got from the Mariners (two-years, $17 million).
Why were the Twins able to sign Reed to such a modest deal? That's a great question. Taking a look at his velocity numbers over at Brooks Baseball, there doesn't seem to be any cause for concern.
Here's Reed's average fastball velocity the past four seasons: 93.33, 93.27, 93.22 and 92.93. So he has lost 0.4 mph over that span, but his swinging strike rate of 13.7 percent in 2017 was the highest he's posted since his rookie year.
What do you think about this signing and the overall upgrades made to the bullpen?








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