CINCINNATI (AP) The Reds exercised Johnny Cueto's $10 million contract option on Thursday but decided to let outfielder Ryan Ludwick and infielder Jack Hannahan become free agents.
Cueto also made $10 million last season, when he went 20-9 with a 2.25 ERA, the Reds' first 20-game winner since Danny Jackson in 1988. Cueto had been guaranteed $27 million over four years and can become a free agent after next season.
Cincinnati had a $9 million option on Ludwick but chose to pay a $4.5 million buyout. Half will be paid by Nov. 15, 2015, and the other half by Nov. 15, 2016. Ludwick batted .244 with nine homers and 45 RBIs.