‘Man, starting pitchers are getting PAID’: Winter meetings show it’s a good time to be an ace
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Alden Gonzalez, ESPN Staff Writer
DALLAS — The enormity of Juan Soto‘s contract — stretching 15 years and guaranteeing $765 million, not a penny of which is deferred — brought an initial jolt to Major League Baseball’s winter meetings on Sunday night. It was monumental and far-reaching, but it was also an outlier, given the uniqueness of landing one of history’s greatest hitters in his mid-20s. As the days passed, subsequent transactions took place and the offseason began to round into form, a more revealing trend emerged at the sprawling Hilton hotel that hosted baseball’s annual gathering earlier this week.
A prominent agent expressed it succinctly on Tuesday night, in the middle of an emptying lobby after a dizzying round of transactions.
“Man,” he said, “starting pitchers are getting paid.”
Hours earlier, Max Fried signed an eight-year, $218 million deal with the New York Yankees, blowing away the most reputable projections. Later, Nathan Eovaldi secured a three-year, $75 million contract to return to the Texas Rangers, more than doubling the guarantee of his prior deal in his mid-30s. And just a day prior, Alex Cobb, a 37-year-old who made three starts while dealing with a litany of injuries last season, cost the Detroit Tigers $15 million on a one-year deal — a sign that it wasn’t just the top starters getting paid, but the innings-eaters and the reclamation projects, too, age be damned.
Fried, Eovaldi and Cobb followed a path that had already been laid out by the likes of Blake Snell (five years, $182 million with the Los Angeles Dodgers), Luis Severino (three years, $67 million with the Athletics) and Matthew Boyd (two years, $29 million with the Chicago Cubs). All of them did better than expected. All of them triggered a fundamental question:
Why, at a time when starting pitchers have never been counted on less, are they more expensive than ever?
Executives, agents and coaches surveyed in the 72 hours that encompassed baseball’s winter meetings brought up an assortment of theories.
One general manager noted that starting pitchers who can consistently tackle five to six innings and 160 or so over the course of a six-month season aren’t any less important, even in an era of heavy bullpen usage — they’re simply more rare, triggering the type of demand that can escalate prices. Another pointed to the impact of big-market teams chasing top-tier free agents and how that has affected those below them. Another pointed specifically to the New York Mets, who handed Soto a record-breaking contract but might have set a tone in a different way — by signing Frankie Montas earlier this month to a two-year, $34 million deal that was viewed in some circles as an overpay.
But most of the conversations came back to the rapid rate of arm injuries that have plagued the industry and made teams hyper-paranoid about their starting pitching depth.
These days, even more so than before, enough is never enough.
“Teams used to feel good if they could go into a season with, I’d say, seven or eight guys they can count on to start games at the major league level, at least in some capacity,” said one front office executive. “Now that number is like 11.”
The approach taken by two of the sport’s most successful franchises illustrates that.
The Yankees already boasted a solid fivesome of Gerrit Cole, Carlos Rodón, Luis Gil, Marcus Stroman and Clarke Schmidt — but Fried was their obvious pivot after missing out on Soto, enough to cross a $200 million threshold few foresaw for the soon-to-be-31-year-old left-hander. The Dodgers, who beat the Yankees in the World Series, were set to return a rotation composed of Yoshinobu Yamamoto, Tyler Glasnow, Shohei Ohtani, Tony Gonsolin and Dustin May, while backed by a pitching pipeline that has become the envy of the sport — and yet they zeroed in on Snell at the onset of the offseason.
“I know that as a team, we’ve felt it more acutely,” said Dodgers GM Brandon Gomes, whose club suffered through an array of pitching injuries in 2024. “You feel like you have depth coming in, and sometimes it maintains and sometimes it doesn’t. It’s a little scary of an unknown.”
The increase in pitcher injuries has been raising alarm bells for the better part of a decade, but a presentation at this week’s winter meetings placed that in a new light. The sport’s 30 managers gathered in a conference room on Wednesday morning as MLB officials guided them through key findings from a yearlong study of pitcher injuries that involved input from more than 200 experts in a variety of roles. One of the slides showed that surgeries to repair damaged ulnar collateral ligaments at the minor league level had basically doubled over the past 10 years. Not only are current major league pitchers breaking down, so is the foundation behind them.
Said one manager in attendance: “It was stunning.”
The trade market hadn’t reached full tilt by the time most of the industry’s agents and executives boarded their flights back home on Wednesday afternoon. But the expectation was that it would soon pick up, particularly as it relates to starting pitchers. Teams seeking alternatives to the higher free agent prices have expressed interest in Dylan Cease, Pablo López, Framber Valdez, Jesús Luzardo and Luis Castillo, names that should gain more traction after Chicago White Sox ace Garrett Crochet was dealt to the Boston Red Sox for an impressive haul of prospects.
Two of the Red Sox’s division rivals, the Baltimore Orioles and the Toronto Blue Jays, are still searching for frontline starting pitching. So are the Mets and the San Francisco Giants, two of the offseason’s busiest teams. So are many others.
A dozen starting pitchers have signed for a combined $788.5 million through the first five weeks of this offseason, already about 63% of the spending in that department from last year — with Corbin Burnes still expected to exceed $200 million and Jack Flaherty, Sean Manaea, Nick Pivetta, Walker Buehler, Max Scherzer and Justin Verlander among the roughly 75 other starters available. And though the player pool is widely considered to be better than it was a year ago, and many executives will caution that early deals tend to be inflated, setting up the possibility that those who remain don’t do so well, one thing is clear:
Starting pitching, famously out of vogue in the modern game, is still at a premium.
LOS ANGELES — Veteran forward Evander Kane made his season debut for the Edmonton Oilers in Game 2 of their first-round Stanley Cup playoff series with the Los Angeles Kings on Wednesday night.
Defenseman John Klingberg also returned from a lengthy injury absence as the Oilers attempted to even the series.
Kane is a 15-year NHL veteran who hasn’t played for the Oilers since Game 2 of the Stanley Cup Final last June. He had surgery last September to repair a sports hernia, and he underwent knee surgery in January.
Kane was slotted on to the Oilers’ second line alongside Ryan Nugent-Hopkins and Zach Hyman.
Klingberg hasn’t played since suffering a lower-body injury while blocking a shot March 27 in Seattle. The Swedish veteran signed with Edmonton in January after going unsigned early in the season, but he played in only 11 games while dealing with multiple injuries.
The Oilers are hoping Klingberg can help their blue line, which frequently struggled in the Kings’ 6-5 victory in Game 1.
Jeff Skinner was scratched by the Oilers to make room for Kane. The 15-year NHL veteran forward made his Stanley Cup playoff debut in Game 1, recording an assist.
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Ryan S. Clark
Chris Drury and the New York Rangers agreed to a multiyear contract extension on Wednesday, keeping him at the helm of the team’s hockey operations after missing the playoffs for the first time since the 2020-21 season.
“I am pleased that Chris will continue to lead the Rangers hockey operations in his role as president and general manager,” Madison Square Garden chairman and CEO James Dolan said in a statement. “Over his tenure, Chris has shown passion for the Rangers, relentless work ethic and a tireless pursuit of excellence.
“While we are all disappointed in what transpired this past season, I am confident in his ability to guide this organization to success.”
Drury, 48, took over as general manager and president of hockey operations at the start of the 2021-22 season. The Rangers reached the playoffs in his first three seasons.
His future was one of a few items that remained in question, with the intent that the Rangers would use this offseason to reload in their bid to return to the playoffs. The team also is facing a third coaching search in four seasons after firing Peter Laviolette following his two seasons.
“I am honored to sign this contract extension and continue in this position with the team I grew up supporting,” said Drury, a former Rangers captain who played four seasons with the team. “As I said when I began in this role nearly four years ago, there isn’t a more special organization in hockey, and I look forward to continuing our work this offseason to help us reach our goals for next season and in the coming years.”
After winning the Presidents’ Trophy and reaching the Eastern Conference finals under Laviolette in the 2023-24 season, the Rangers started 12-4-1 this season, only to lose the next five games. That started a chain reaction of inconsistent play that ultimately led to the Rangers finishing six points out of the final Eastern Conference wild-card spot.
While the Rangers sought to make the playoffs, Drury also made it known they were open for business in December. That’s when they traded captain Jacob Trouba, who still had a year left on his contract, to the Anaheim Ducks. A few weeks later, they traded Kaapo Kakko, the No. 2 pick in the 2019 NHL draft, to the Seattle Kraken for defenseman Will Borgen, who would then sign an extension with the Rangers.
A month before the trade deadline, the Rangers reacquired J.T. Miller in a trade with the Vancouver Canucks. The Rangers also traded defenseman Ryan Lindgren to the Colorado Avalanche and forward Reilly Smith to the Vegas Golden Knights while adding defensemen Carson Soucy in a separate deal with the Canucks.
Still, the Rangers lost four consecutive games in early March before having two three-game losing streaks that further damaged their chances in the Eastern Conference wild-card race.
Now that Drury has a new contract, he’ll be charged with trying to improve a roster that PuckPedia projects will have only $9.67 million in available cap space. K’Andre Miller, Zac Jones and Matt Rempe are part of the club’s eight-player restricted free agent class, while the Rangers have only two unrestricted free agents in Nicolas Aube-Kubel and Calvin de Haan.
Drury will be looking for a coach in what is expected to be a competitive market. Anaheim and Seattle also fired their coaches, and three other teams — Boston, Chicago and Philadelphia — ended the season with interim coaches. The Canucks declined the option on coach Rick Tocchet, but they have offered him a new, more lucrative contract.
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