The team chose not to pick up a $10 million option to keep Miley in the fold for 2022.
He was the Reds’ best starter last season when he went 12-7 with a team-best 3.37 ERA. He also led Reds pitchers in WAR (wins above replacement) at 5.7, which equals to all-star level performance, and memorably pitched a no-hitter in Cleveland in May.
Earlier in the week, the Reds traded veteran catcher Tucker Barnhart to the Detroit Tigers to avoid paying him $7.5 million next season with prospect Tyler Stephenson appearing to be ready to be the team’s No. 1 catcher.
“We just have to make sure that our resources and our payroll are aligned,” Reds general manager Nick Krall told reporters on a Zoom call after the Barnhart deal was announced.
Also this week, Outfielder Nick Castellanos opted out of his 2022 contract with the Reds to become a free agent.
As far as pitching, the Reds have their other four starters all under contract for next season in Tyler Mahle, Luis Castillo, Sonny Gray and Vladimir Gutierrez.
They also have a pair of prospects — Hunter Greene and Nick Lodolo — who could be ready for the big leagues next season at some point.
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