Parra Agrees to $1 Million Deal with the Cincinnati Reds

Manny Parra won’t be in the red with the Reds…

The 30-year-old Mexican American left-handed pitcher and the Cincinnati Reds have agreed to a $1 million, one-year contract.

Manny Parra

Parra had previously spent all five of his Major League Baseball seasons with the Milwaukee Brewers. After missing 2011 with back and elbow injuries, he went 3-10 with a 5.06 ERA last year in 16 starts and 26 relief appearances.

Parra could earn an additional $400,000 in performance bonuses based on games pitched in relief: $50,000 each for 45 and 50, and $100,000 apiece for 55, 60 and 65.

To clear a roster spot, Cincinnati designated right-hander Todd Redmond for assignment.

In addition, the Reds agreed Friday to a minor league deal with catcher Miguel Olivo.

The 34-year-old Dominican baseball pro hit .222 with 12 RBIs in 315 at-bats last year for the Seattle Mariners, his second season with the team. He made his MLB debut with the Chicago White Sox; and he’s also played with the San Diego Padres, the Florida Marlins, the Kansas City Royals and the Colorado Rockies.

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