[Update] The Rays have officially announced the deal, acquiring both Ryan Hanigan from the Reds and Heath Bell from the Diamondbacks. The Rays sent minor league pitcher Justin Choate and a player to be named later to the D-Backs.
The Rays have also signed Hanigan to a 3-year contract worth $9.95 million. He will make $2.75 million in 2013. There is a $3.75 million option for 2017 that can be bought out for $800,000.
Bell is set to make $9 million in 2014. However, it appears that the Marlins will pay $4 million of that as part of the deal that send Bell to the Diamondbacks. Bell also has a $9 million option for 2015 that becomes guaranteed if he finishes 55 games in 2014.
Jose Lobaton was not part of this trade, but his days with the Rays are almost certainly over and another deal may be in the works.
The Rays now have 38 players on the 40-man roster.
[Earlier] The Rays will acquire catcher Ryan Hanigan in a trade with the Reds according to Ken Rosenthal. A third team may be involved in the deal.
At this point it is unclear who else is involved in the deal or who the third team is. The Rays already have two big league catchers on the roster in Jose Molina and Jose Lobaton. With Molina just recently signing a 2-year contract, it is likely that Lobaton is one of the players involved in the deal.
Hanigan played in just 75 games during the 2013 season missing time during two stints on the disabled list. The first trip early in the season was for a strained oblique muscle. The second came after All-Star break because of a sore wrist.
Hanigan strongest skills are defensively. In the past two seasons combined, he has thrown out 47 of 99 would-be base stealers. He led all of Major League Baseball each season in percentage of runners thrown out (min. 30 attempts).
Offensively, he has little power with a career-high six home runs in 2011. However, he did hit .300 in 70 games during the 2010 season and has a career .359 OBP (.312 wOBA).
According to Marc Topkin, Hanigan “could sign a multi-year deal.” Hanigan is in the final year of arbitration eligibility. If he does not sign a long-term contract he would become a free agent after the season. He made $2.05 million with the Reds in 2013.