Reds sign Cueto

The Reds have announced that they have signed pitcher Johnny Cueto to a four year extension worth $27 million with a club option for 2015. Cueto posted a 3.64 ERA with a 1.28 ERA over 185 2/3 innings last season with the Reds helping them win the NL Central division title. This deal buys out the remaining 3 years of Cueto's arbitration eligibility and one year of free agency.