Report: Nick Martinez Will Accept Cincinnati Reds' Qualifying Offer of $21 Million

This would be big.
Sep 20, 2024; Cincinnati, Ohio, USA; Cincinnati Reds starting pitcher Nick Martinez (28) pitches against the Pittsburgh Pirates in the second inning at Great American Ball Park. Mandatory Credit: Katie Stratman-Imagn Images
Sep 20, 2024; Cincinnati, Ohio, USA; Cincinnati Reds starting pitcher Nick Martinez (28) pitches against the Pittsburgh Pirates in the second inning at Great American Ball Park. Mandatory Credit: Katie Stratman-Imagn Images / Katie Stratman-Imagn Images
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CINCINNATI — Nick Martinez is expected to accept the Reds' qualifying offer according to Jon Heyman of the New York Post.

Cincinnati offered him a $21.05 million qualifying offer earlier this week after the right-hander posted a 10-7 with a 3.10 ERA in 42 games this season. He made 16 starts and pitched a career-high 142 1/3 innings in 2024.

"The Reds’ Nick Martinez is expected to accept the $21.05M qualifying offer," Heyman wrote.

The report comes just one day after Martinez's agent Scott Boras admitted that his client had multi-year offers on the table.

Keeping Martinez would be big for the Reds in their quest to return to the postseason in 2025.

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James Rapien
JAMES RAPIEN

James Rapien is the publisher of Bengals, Reds and Bearcats On SI. He graduated from the University of Cincinnati and has spent a decade covering Cincinnati sports. He's the author of Enter The Jungle, a book about the history of the Cincinnati Bengals. Prior to joining SI, Rapien was a host and producer at 700 WLW and ESPN 1530 in Cincinnati.