This is only if Chapman had spent a lot of time in the minors. Once Chapman is eligible for Arbitration (after this season) the rest of his contract converts from salary to signing bonus and he becomes an arb eligible case TBD. He can't leave for fre agency, but his contract is essentially over (with no cost savings) after this season and the Reds will need to pay arb driven rates.
http://www.baseballprospectus.com/co...ncinnati-reds/■6 years/$30.25M (2010-15)
■signed by Cincinnati as an amateur free agent 1/11/10
■$16.25M signing bonus ($1.5M at signing; $1.5M each Nov. 1, 2010-13; $1.25M each Nov. 1, 2014-20)
■10:$1M, 11:$1M, 12:$2M, 13:$2M, 14:$3M, 15:$5M player option
■Chapman must decide whether to accept or decline 2015 player option within 5 days after end of 2014 World Series
■if Chapman qualifies for arbitration after 2012, $5M is converted to a bonus and he becomes arbitration-eligible
■if Chapman qualifies for arbitration after 2013, $3M is converted to a bonus and he becomes arbitration-eligible
Chapman is going to cost a lot more than $3 Million in 2014. I'd guess near $10 Million.