NASHVILLE -- The Reds declined to offer arbitration to free agent pitchers Eddie Guardado and Eric Milton on Saturday.
Cincinnati can still negotiate with both players if it chooses. Since neither player was ranked Type A or B, the club is not eligible for Draft-pick compensation if they sign with another team.
Guardado, 37, returned from Tommy John surgery on his left elbow in August and had a 7.24 ERA over 15 games. Over his final 10 games from Aug. 22, he put together an 0.93 ERA and didn't allow a run over his final seven outings. The Reds declined his $3.5 million club option on Oct. 31 with the hope it could re-sign him at a lower price.
Milton, 32, was 0-4 with a 5.17 ERA in six starts before going on the disabled list with a torn ligament in his left elbow. He had the season-ending Tommy John procedure on June 15 and filed to become a free agent on Oct. 30.
Mark Sheldon is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.