In the last three seasons, Pena has produced an OPS+ of 66 in 03, 121 in 04, and 100 in 05. He's 24, so he's likely to be a productive player for the next few seasons. Arroyo has posted ERA+ of 121 in 2004 but 98 in 2005. (He had a 227 ERA+ in 2003, but that was in only 17.3 IP of relief). He's 29. He's likely to be an average pitcher for the remainder of his deal. His ERA+ will float around 100. He's better than a lot of fifth starters, will be decent as a number four, and would be a below average #2 or #3 starter. He's an older and more expensive Jerome Williams. (For those who'd like to disagree, here are Williams ERA+ for 2003-2005: 130, 105, 100.) Pena at age 24 has a chance to blossom into a very good hitter. With Arroyo, what you see is what you get. Boston made a steal here, and that's even if Pena doesn't pan out to much. Arroyo was the sixth starter behind Schilling, Beckett, Clement, Wells, and Wakefield. Papelbon is likely a better pitcher than Arroyo, and with Lester coming along, Arroyo was useless. Pena will make an excellent platoon for Nixon and gives them another young outfielder to pair with Crisp for the future of the franchise. I understand the Reds need pitching, but is Arroyo really the type of pitching they need? He's not a difference maker and they aren't an Arroyo away from competing. Now their offense (which was their one strength) is weaker and their pitching isn't appreciably better. I can't fathom that there wasn't a better deal out there to be made.