The Cincinnati Reds have acquired right-handed pitcher Sonny Gray from the New York Yankees along with left-hander Reiver Sanmartin.
The Yankees receives second baseman Shed Long and a Competitive Balance Round A pick in the 2019 MLB First-Year Player Draft. They immediately turned around and dealt Long to the Seattle Mariners for outfielder Josh Stowers.
Gray will reportedly sign a three-year, $30.5 million extension — with a $12 million club option for 2023 — as a condition of the trade.
Gray was set to enter the final year of his contract with a $7.5 million salary in 2019, but he is now under the Reds’ control for five seasons.
MLB.com reported over the weekend that the sides were finalizing a trade, but Gray’s willingness to sign an extension with Cincinnati was a sticking point, with Monday set as the negotiating deadline. Had a deal not gone through, the Yankees were expected to try to send Gray elsewhere, after general manager Brian Cashman made it clear in November he planned to trade the pitcher.
Gray, 29, went 11-9 with the Yankees with a 4.90 ERA last season, his first full year with the team after arriving via trade from the Oakland Athletics in 2017. He went 15-16 with the Yankees with a 4.51 ERA in 37 appearances (34 starts) over parts of two seasons with New York.
The right-hander is 59-52 overall with a 3.66 ERA in his six-year career, earning an All-Star appearance in 2015.
Long, 23, is considered the No. 6 prospect in the Reds’ system. He batted .261 with 12 homers and 56 RBIs in 126 games at Double-A Pensacola in 2018.
Sanmartin, 22, spent 2018 between the Class-A and Double-A levels, going 5-7 with a 2.81 ERA in 13 appearances (10 starts), tallying 58 strikeouts in 67 1/3 innings.