The Reds have issued a qualifying offer to Nick Martinez valued at $21.05MM, who declined a $12MM player option to enter free agency.
Martinez had an excellent first season with a 3.10 earned run average and a career-best 142 1/3 innings, showcasing pristine control with a 3.2% walk percentage.
Cincinnati made the surprising decision to issue the qualifying offer to Martinez after discussions for a multi-year extension stalled, aiming to retain him beyond 2023.
Despite a successful tenure, the Reds are now putting pressure on Martinez to consider the highest salary of his career, given the competitive nature of free agency.
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