FanGraphs released its latest projections and playoff odds for the 2026 MLB season, and the numbers for the Cincinnati Reds are surprisingly low.Despite coming off an 83-win season, adding Eugenio Suárez, and revamping the bullpen, the Reds are projected to win fewer games and have under a 20 percent chance to make the playoffs. I break down the projections, NL Central odds, a wild designated hitter stat that explains some of the skepticism, and why these numbers don’t fully add up.Plus: Terry Francona earns national respect, Graham Ashcraft wins arbitration, Ben Rortvedt’s wild offseason continues, and a quick Super Bowl pick to close it out.Let me know what you think — are the Reds being undervalued, or are these projections fair?