Reds, Latos agree on two-year deal

The Cincinnati Reds and pitcher Mat Latos have agreed to a two-year, $11.5 million contract, according to multiple reports.

The right-hander will earn $4.25 million in 2013 and $7.25 million in 2014.

The agreement buys out the first two seasons of Latos' arbitration eligibility. He can't become a free agent until after the 2015 season.

The 25-year-old posted a 3.48 ERA in 209 1/3 innings with Cincinnati last season. He had requested $4.7 million through arbitration, while the countered with $4.15 million.