The contract agreement that Ryan Ludwick reached with the Reds on Friday is worth $15 million over two years, according to a source.

Ludwick hit .275 with 26 homers, 80 RBIs and an .877 OPS as Cincinnati's regular left fielder in 2012.

He made a base salary of $2 million last season. The Cincinnati Enquirer reported that his new contract includes a mutual option for 2015.