Cincinnati Reds

The Reds have re-signed Emilio Pagán to a two-year, $20 million contract. (Source: Bob Nightengale on Twitter)

Fantasy Impact: Pagan had received interest from other teams, but he decided to remain with the Reds. The deal includes an opt-out after the 2026 season.

The Reds re-signed RHP Carson Spiers to a minor league contract with an invitation to spring training.

Fantasy Impact: Spiers is slated to continue recovering from Tommy John surgery. He had lost his spot on the Reds 40-man roster as a result.