2:10pm: The Reds are taking on all of the money on Hayes’ contract, reports Noah Hiles of the Pittsburgh Post-Gazette. He and Rogers largely cancel each other out for the balance of the current season, but the Bucs will net $36MM in long-term savings after the 2025 campaign.
1:56pm: Left-hander Taylor Rogers and minor league infielder Sammy Stafura are going back to Pittsburgh in the trade, Ken Rosenthal of The Athletic reports.
1:48pm: The Reds are acquiring third baseman Ke’Bryan Hayes from the division-rival Pirates, per Mark Feinsand, Alex Stumpf and Mark Sheldon of MLB.com. Pittsburgh had reportedly been quite motivated to shed the remainder of Hayes’ contract and found a taker within their own division. He’ll head to Cincinnati and play out the remainder of his eight-year, $70MM contract extension in a new setting.
Hayes, 28, is a former first-round pick and top prospect who looked to be on the cusp of stardom early in his career. He graded as an elite defensive third baseman throughout his time in the minors and hit well as he climbed the minor league ladder. Hayes made an electric debut in the shortened 2020 season, showing off that plus-plus glove while hitting .376/.442/682 in his first 95 big league plate appearances.
Hayes didn’t replicate that output in his first full big league season in 2021, but he held his own with a .257/.316/.373 batting line in 396 plate appearances despite missing significant time due to a wrist injury. He hit just six homers but played outstanding defense and swiped nine bags. The following April, Pittsburgh signed him to an eight-year, $70MM deal which, at the time, was the largest in franchise history.
Unfortunately for Hayes and the Pirates, back injuries have become a recurring problem in Hayes’ still-young career. He’s spent significant time on the injured list due to back troubles in 2022, 2023 and 2024 — totaling five IL stints due to his back in that period of three years. Hayes still managed a league-average season at the plate in 2023 (.271/.309/.453, 100 wRC+, 15 homers, 10 steals) but he’s been a well below-average hitter since. In 788 plate appearances dating back to Opening Day 2024, he’s mustered only a .234/.281/.290 batting line (58 wRC+).
The Pirates frontloaded Hayes’ extension, paying him $10MM in each of the contract’s first two seasons and then cutting the salary back to $7-8MM per year thereafter. He’s making $7MM in 2025, with about $2.26MM of that sum yet to be paid out. He’ll then be owed $36MM from 2026-29 ($30MM in salary plus at least a $6MM buyout on a $12MM club option for the 2030 season).
It’s a relatively hefty sum to take on, though Hayes remains such a premium defender that his glove alone is arguably worth the remaining $9MM annual value on the contract (including the 2026 buyout). Hayes has been credited with an astonishing 91 Defensive Runs Saved and 73 Outs Above Average in 4796 career innings at third base, including 16 DRS and 15 OAA in 861 innings this year already. Since Hayes debuted in 2020, he leads all of Major League Baseball (at all positions) in both DRS and OAA. Andres Gimenez’s 63 DRS and Francisco Lindor’s 68 OAA are the second-highest marks in each category.
More to come