Nick Martinez Re-signs with Cincinnati Reds

Nick Martinez, a 34-year-old right-handed pitcher, has accepted a $21.05 million qualifying offer from the Cincinnati Reds, opting not to enter the free-agent market. This decision follows a successful 2024 season where he posted a 10-7 record with a 3.10 ERA in 42 appearances, including 16 starts. Martinez had previously declined a $12 million player option, and his acceptance of the qualifying offer boosts the Reds' rotation alongside pitchers like Hunter Greene and Nick Lodolo. Martinez's rapport with catcher Tyler Stephenson and the coaching staff played a significant role in his decision to remain with the team. The qualifying offer, accepted before the November 19 deadline, is a significant increase from his previous player option, reflecting his strong performance, especially his 0.83 ERA in the final five starts of the 2024 season. His acceptance of the qualifying offer is notable as only a few players historically choose this route, emphasizing the Reds' commitment to retaining him for their 2025 campaign.