TODAY: The structure of Feldman’s contract bonuses is broken down by Zach Buchanan of the Cincinnati Enquirer (Twitter link). The right-hander will earn an extra $100K when and if he makes his tenth start of the season, and he’ll earn either $100K or $200K as a bonus for each start thereafter, up to 25 starts. Feldman can also earn $100K for making 25 relief appearances, $200K for 30 and 35 relief appearances, and then $250K for 40, 45, 50 and 55 games pitched out of the bullpen.

THURSDAY: The deal is official, with Cincinnati announcing it.

WEDNESDAY: The Reds have agreed to a one-year deal with righty Scott Feldman, per Ken Rosenthal of FOX Sports (via Twitter). He will receive a $2.3MM guarantee and can earn another $2.2MM via incentives. With a physical already completed, it seems this agreement lacks only a club announcement to be official.

Soon to turn 34, Feldman is coming off of a somewhat curious 2016 campaign. After dealing with shoulder issues late in 2015, he was seen as a question mark heading into camp in the final year of his deal with the Astros. He ended up mostly being relegated to the bullpen, but provided Houston with 62 frames of 2.90 ERA pitching.

Though he seemed to have settled into a useful role for the Astros, Feldman ended up being a somewhat surprising trade deadline mover. He was shipped to the Blue Jays, who took on the $2.75MM or so he was still owed, in exchange for prospect Lupe Chavez. But things didn’t work out for Feldman in Toronto, as he was tagged for 14 earned runs on 23 hits over his 15 innings.

For Cincinnati, Feldman will be asked to provide a steadying presence to a rotation that just lost Dan Straily in a trade. Over 2013-15, the righty turned in 470 1/3 frames of 3.83 ERA ball, with 5.7 K/9 and 2.5 BB/9, and something approaching that kind of workmanlike production would be most welcome. If he’s not effective in a starting role, or a young arm proves worthy of an opportunity, then Feldman could also help deepen the bullpen.