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Martinez declined his $12 million player option for 2025 on Friday and became a free agent.

Martinez's 3.10 ERA and 1.03 WHIP from last season both represent personal bests for the 34-year-old while pitching a career-high 142.1 innings. Cincinnati can still offer him a $21 million qualifying offer, but the right-hander will likely pursue a multi-year deal in free agency.

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