Reds reportedly negotiate extension to complete Sonny Gray trade

The Cincinnati Reds will acquire pitcher Sonny Gray, according to reports.
According to ESPN’s Jeff Passan and The Athletic’s Ken Rosenthal, the Reds agreed to a new contract with Gray and will subsequently complete a trade with the New York Yankees.
Sonny Gray has been traded to the Cincinnati Reds, a source familiar with the deal tells ESPN.
— Jeff Passan (@JeffPassan) January 21, 2019
Sonny Gray expected to sign extension with #Reds as condition of his trade to #Yankees, source tells The Athletic. He is heading to Cincinnati, per @JeffPassan.
— Ken Rosenthal (@Ken_Rosenthal) January 21, 2019
Gray extension with #Reds complete, per source. Three years, $30.5M, covering 2020-22. Club option for ‘23 at $12M. All salaries can grow based on numerous escalators. Plus $500K of innings pitched bonuses each year.
— Ken Rosenthal (@Ken_Rosenthal) January 21, 2019
Second base prospect Shed Long is headed to the Yankees as part of the return for Sonny Gray, league sources tell ESPN.
— Jeff Passan (@JeffPassan) January 21, 2019
Gray posted a 4.90 ERA with the Yankees last season, the worst of his career. The 29-year-old still boasts a 3.66 ERA over his career and is young enough to get back on track.
Previous reports indicated that the Yankees were getting a pretty good haul for Gray despite his down season in 2018.