Hoover will be tendered a contract by the Reds on Wednesday.
After a poor 2014 campaign, Hoover bounced back in 2015, going 8-2 with a 2.94 ERA and 1.17 WHIP in 67 appearances. However, his strikeout rate fell dramatically, from 27.3 percent to 19.7 percent, and his walk rate was once again over 4.0 BB/9. He's not the sure-fire closer-in-waiting behind Aroldis Chapman.