Reds sign Burke Badenhop, Kevin Gregg

Cincinnati has been seeking bullpen depth, and added a pair of relievers to the mix on Saturday afternoon. According to Baseball Tonight's Jonah Keri, the Reds signed Burke Badenhop to a one-year, $1 million contract, with the team's official Twitter account noting Kevin Gregg was signed to a minor league contract with an invitation to spring training.

Badenhop, 31, posted a 2.29 ERA and 3.08 FIP in 70.2 relief innings pitched for the Red Sox last season. His 5.09 K/9 was his lowest in four seasons, but his groundball percentage (61%) was the best of his career, and he left 79.2 percent of runners on base. Badenhop had a career year with the Red Sox in 2014, and Keri also notes that Badenhop's contract includes a $4 million mutual option with a $1.5 million buyout for 2016.

MLB.com's Mark Sheldon reported Badenhop can also earn an additional $250,000 in performance incentives. Badenhop saw time in the seventh and eighth innings for Boston, and is expected to serve in the same capacity in Cincinnati. Badenhop will likely serve as the Reds' setup man, with Aroldis Chapman closing games in 2015. In order to make room for Badenhop on their 40-man roster, the Reds designated Ismael Guillon for assignment.

While Badenhop has had success over the last few seasons, Gregg has had difficulty remaining with a major league club. He spent time in Miami last season, allowing ten earned runs in nine innings of work with the Marlins.

Gregg, 36, has suffered from injuries throughout the course of his career, and most recently had success with the Cubs in 2013, posting a 3.48 ERA and 4.10 FIP to complement 32 saves in 62.0 innings of work. He had surgery in August to have bone chips removed from his elbow, and could make the major league club with a solid spring.