The right-hander is off to a strong start in 2016, recording a 2.87 ERA through eight starts with Class A Dayton.
The international bonus slots received by the Reds are for the current signing cycle. The extra money should ensure the Reds enter the next cycle with no penalties so they can take advantage of one of the largest bonus pools in baseball.
This marks the second trade the Orioles completed Monday. They also dealt left-hander Brian Matusz to the Braves for a pair of Minor League pitching prospects.
Chad Thornburg is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.