Overview
- Multiple outlets report the agreement includes a player opt-out after the 2026 season and remains pending a physical and official team announcement.
- Pagán, 34, delivered a career year in 2025 with a 2.88 ERA, 32 saves and a 0.92 WHIP in 70 appearances after taking over when Alexis Díaz was injured.
- Analysts credit a sharper splitter and increased chase rate as key drivers of his resurgence, with opponents hitting .121 against the pitch.
- The deal is viewed as relatively modest compared with recent closer contracts for Devin Williams, Ryan Helsley and Raisel Iglesias, and it gives Pagán future flexibility via the opt-out.
- Pagán said he is “super excited to be back,” and the signing is expected to be finalized after routine medicals as Cincinnati continues to assess further bullpen additions.