With Mat Latos and Mike Leake set to hit free agency after the 2015 season, the Reds appear open to trading them this offseason, according to Jeff Passan of Yahoo Sports. Passan says that the Reds are unlikely to trade fellow starter Johnny Cueto, however.
With both Latos and Leake heading into their final arbitration years, the right-handers are each expected to earn a salary near $9 million in 2015. Meanwhile, Cueto will earn $15 million in the final year of his contract with the Reds. Although Cueto is the most expensive of the three, he has been easily the most productive. Since 2011, Cueto's 2.48 ERA is the 3rd best in the NL behind only Clayton Kershaw and Kris Medlen.
Latos' production hasn't been that far behind Cueto, but he comes off a 2014 season in which he battled elbow issues. During the last four years, Latos has posted a 3.35 ERA, and his 12.1 WAR tops Cueto's 11.9, according to Fangraphs. A healthy Latos could be a huge addition to a team that misses out on the likes of Max Scherzer or Jon Lester.
Although Leake has not been as dominant as Cueto and Latos, he brings plenty of consistency to a rotation. Since joining the Reds in 2010, Leake has posted a 3.92 ERA over 142 starts. Leake's 53.8% GB rate in 2014 was good for 6th in the NL, and his 2.10 BB rate was good for 17th in the league. Although the potential return from a trade wouldn't be as valuable as were Latos to be dealt, Leake could prove to be a valuable trade commodity for Cincinnati this winter.