According to multiple reports, the Reds have signed Cuban right-hander Rasiel Iglesias to a seven-year contract worth a guaranteed $27M. The team also confirmed his name is spelled Rasiel, not Raciel. There was some confusion about that. The deal will not become official until he secures a work visa, which doesn’t figure to be a problem.
Iglesias, 24, is a skinny little guy (5-foot-11 and 165 lbs.) who has been a reliever his entire career, though apparently the Reds are going to give the opportunity to start. Reports indicated that teams felt he could step right in to help a big league bullpen in the second half. Iglesias had been working out and holding showcases in Haiti, though there were no reports the Yankees (or any other team, for that matter) had interest in signing him. The deal with Cincinnati came out of nowhere.
With Iglesias off the board, the best available Cuban free agent is power-hitting outfielder Yasmani Tomas, who defected earlier this month. Here’s more on him from Ben Badler. Tomas will not be eligible to sign for another few months — he has to establish residency and be unblocked by the Office of Foreign Assets Control before being declared a free agent by MLB — and from what I understand, he will be the last potential impact bat to come out of Cuba for a while.