Many people have felt that Randy Wolf grossly misread the market this offseason, by rejecting a three-year, $28.5MM offer from the Astros early on. According to Ken Rosenthal, however, Wolf didn’t even have time to reject that offer before Houston pulled it off the table, citing the economy as a reason:
"Wolf told me Saturday night that he was close to re-signing with the Astros in late November when the team abruptly pulled its offer, citing a changing economic climate.
Astros general manager Ed Wade confirmed Wolf’s account, saying the team was ’fully engaged in negotiations and had to stop. It had nothing to do with a lack of interest on our part or Randy’s part.’"
Rosenthal reiterates that the Dodgers are currently the leading suitor for Wolf’s services, but they’re still talking with Jon Garland and Braden Looper as well. The Mets could be another fit, but are focused on Oliver Perez.
Wolf may have to settle for a one-year deal, and if he does, it will almost certainly be at a lower rate than the $9.5MM the Astros initially offered. Rosenthal points out that would mean the downturn in the economy could cost Wolf upwards of $20MM. That could be ok for Wolf, though, who explicitly states that signing for him isn’t about who offers the most money – his goal is to pitch in October.