The Reds are re-signing closer Emilio Pagán to a two-year, $20 million deal, a source told MLB.com's Mark Feinsand. The agreement includes an opt-out after the 2026 season.

The club has not confirmed the move, which is pending a physical.

Pagán, 34, enjoyed a resurgent season in 2025 as he became a primary closer for the first time since 2019. After four seasons in which he compiled a 4.12 ERA with the Padres, Twins and Reds, the righty rebounded in a big way this past season and pitched to a career-low 2.88 ERA in a career-high 70 appearances for Cincinnati.

His 32 saves were both a career high and the second most in the NL, while his career-low 0.92 WHIP was the sixth-best mark among NL relievers with at least 60 innings pitched.

Using a three-pitch mix of a four-seam fastball, a s

See Full Page