Ryan Hanigan served the Reds well over parts of seven seasons. The 32-year-old averaged a .262/.359/.343 slash line with 162-game averages of seven home runs, 16 doubles, 47 RBI and 17 runs scored.
Hanigan was never a great offensive player and got on base at a stellar .359 clip, but that was all he did. The veteran backstop was unable to secure full-time reps as the team's primary catching option, largely due in part to sub-par power production.
In his seven years with the Reds, Hanigan averaged a .081 ISO. Last season, that figure dropped to .063. To put that in perspective, Hanigan's ISO ranked as the third worst in baseball among catchers with 200 or more plate appearances.
Hanigan is a great defensive catcher, as evidenced by his having led the league in caught-stealing percentage over each of the last two seasons at 48 and 45 percent, respectively.
Somehow, the Reds were able to turn all of that offensive futility into what should prove to be a solid addition in David Holmberg, who was acquired via a three-team trade.
Holmberg, a 22-year-old lefty out of Port Charlotte, Fla., spent the last five seasons with the Arizona Diamondbacks, serving in their minor league system. Holmberg made 102 starts at five different minor league levels—rookie league through Double-A—in his time with the D'Backs, allowing a 3.40 ERA and a 1.24 WHIP with per-nine averages of 8.0 K/9, 2.5 BB/9, 8.7 H/9 and 0.6 HR/9.
He even made a start at the big league level, but was beat up for three runs, six hits and three walks over 3.2 innings.
The lefty possesses a solid build at 6'3", 225 pounds and a great four-pitch mix—including a fastball, changeup, curve and a slider—that has the potential to feature three or four above-average offerings.
Holmberg immediately slotted in as the team's No. 8 prospect, and could slot in around No. 5 by midseason. Holmberg gives the Reds some much-needed depth in the farm system and should be able to step into the big league rotation sometime during the 2014 season.
Financially, the move favors the Reds and their efforts to secure funds for extensions for Mat Latos, Homer Bailey and several other key players.
Overall, considering the plummeting value of Ryan Hanigan as a trade chip, the Reds did very well in moving him.