Headlines

  • Rangers Option Josh Jung
  • Kevin Pillar Announces Retirement
  • Braves Place Spencer Schwellenbach On IL With Elbow Fracture
  • Braves Designate Alex Verdugo For Assignment
  • Giants Exercise 2026 Option On Manager Bob Melvin
  • Yordan Alvarez Shut Down Due To Setback With Hand Injury
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

Remove Ads
  • Home
  • Teams
    • AL East
      • Baltimore Orioles
      • Boston Red Sox
      • New York Yankees
      • Tampa Bay Rays
      • Toronto Blue Jays
    • AL Central
      • Chicago White Sox
      • Cleveland Guardians
      • Detroit Tigers
      • Kansas City Royals
      • Minnesota Twins
    • AL West
      • Houston Astros
      • Los Angeles Angels
      • Oakland Athletics
      • Seattle Mariners
      • Texas Rangers
    • NL East
      • Atlanta Braves
      • Miami Marlins
      • New York Mets
      • Philadelphia Phillies
      • Washington Nationals
    • NL Central
      • Chicago Cubs
      • Cincinnati Reds
      • Milwaukee Brewers
      • Pittsburgh Pirates
      • St. Louis Cardinals
    • NL West
      • Arizona Diamondbacks
      • Colorado Rockies
      • Los Angeles Dodgers
      • San Diego Padres
      • San Francisco Giants
  • About
    • MLB Trade Rumors
    • Tim Dierkes
    • Writing team
    • Advertise
    • Archives
  • Contact
  • Tools
    • 2025 Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Agency Database
  • NBA/NFL/NHL
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors
  • App
  • Chats
Go To Pro Hockey Rumors
Go To Hoops Rumors

Rays Have Made Extension Offer To Jake Odorizzi

By Steve Adams | December 7, 2015 at 1:49pm CDT

The Rays have offered right-hander Jake Odorizzi a contract extension, agent Jason Wood confirms to Marc Topkin of the Tampa Bay Times (Twitter links 1, 2, 3, 4). Topkin notes that the timing of the offer is interesting, because Odorizzi could also be part of trade talks with the Cubs as the Rays search for a hitter. (Presumably, if a contract is agreed to between the two sides, Odorizzi would want assurance that he won’t immediately be traded.)

Wood called Tampa Bay’s offer a “very nice initial offer,” says Topkin, adding that the agent said there are “lots of reasons” to continue the dialogue. Wood says there’s mutual interest and is working on a counter-offer for the Rays, whose initial offer is believed to include multiple option years, per Topkin. That’s been standard operating procedure for the Rays over the years, who locked up Evan Longoria, Matt Moore and Chris Archer to contracts that each include at least two option seasons early in each player’s career (albeit, earlier in their respective careers than Odorizzi is at present).

Odorizzi, 26 in March, has pitched well for the Rays in each of the past two seasons, though he missed some time in 2015 due to an oblique strain and was thus limited to 169 1/3 innings. Odorizzi doesn’t throw particularly hard, averaging about 91 mph with his fastball, but he’s shown an ability to pick up strikeouts at an above-average clip nonetheless. Over his past 337 1/3 innings (2014-15), Odorizzi has a 3.74 ERA with 8.6 K/9 against 2.8 BB/9. A pronounced fly-ball pitcher, Odorizzi does have a rather low 33.5 percent ground-ball rate in that time.

Originally acquired from the Royals in the James Shields/Wil Myers trade (though I submit that the trade should be referred to as the Wade Davis/Jake Odorizzi swap, personally), Odorizzi is not yet arbitration eligible and won’t be until next offseason. He’s controllable for another four years, so it stands to reason that the Rays would like to secure a pair of free agent years (if not more) in exchange for committing to him at this juncture.

Assuming he maintains his current trajectory, Odorizzi’s arbitration seasons could command as much as $20-25MM. And, as the free-agent market is beginning to show, the going rate for second- and even third starters is escalating closer to $20MM than ever before. Clearly, the Rays wouldn’t be interested in guaranteeing full market value this far in advance (no team would), so Wood and Odorizzi would have to make some form of concessions — probably in the overall cost the arbitration years and in the annual value of the free-agent seasons.

Were Odorizzi to agree to a long-term contract, his new deal would somewhat reset the market for pitchers in his service class. The only extension for a starting pitcher with between two and three years of service time in recent seasons was Corey Kluber’s five-year, $38.5MM deal last winter, but Kluber was noticeably older than Odorizzi and also coming off a Cy Young campaign, making his situation rather unique. Previous deals for pitchers in this service class (e.g. Yovani Gallardo, Derek Holland) were in the five-year, $30MM range, but those contracts are five years old now. Gio Gonazalez’s five-year, $42MM deal from 2012 somewhat surprisingly stands as the record for starters with between two and three years of service. It seems unlikely that the Rays would be keen on shelling out any sort of record deal for this service class, especially considering that one of the years in question is a pre-arbitration year (Gonzalez had Super Two status working in his favor).

A four-year pact with an option would lock in Odorizzi’s arbitration seasons and give the Rays an extra year of club control in exchange for delaying free agency by one season. That deal would still allow Odorizzi to hit the open market entering his age-31 season, though Tampa Bay typically seems to strive for multiple option years in these days.

Share 17 Retweet 4 Send via email0

Newsstand Tampa Bay Rays Jake Odorizzi

Mariners Making Progress On Wade Miley Trade
Main
Dodgers’ Deal For Chapman Not Yet Complete
View Comments (13)
Post a Comment

13 Comments

  1. greatd

    10 years ago

    Making him an affordable extension may raise his value as well

    Reply
  2. captainredbeard

    10 years ago

    They will make an offer and if he doesn’t take it he will probably be a Cub within 24 hrs

    Reply
    • rufus061307

      10 years ago

      I’d love to see evidence of a precedent for that behavior.

      Reply
      • justinept

        10 years ago

        Coincidentally, the Cubs have continually operated in this manner over the past several years. The key difference, though, is that the Cubs players were considerably closer to free agency….

        Reply
    • seamaholic 2

      10 years ago

      Not unless the Cubs are offering one of Bryant/Soler/Russell/Schwarber. Odorizzi’s good, and cheap, and with a lot of control.

      Reply
    • jammin502

      10 years ago

      It could be that the Cubs, in order to part with Baez, want Odorizzi locked up with an extension before they do the deal.

      Reply
      • eric9690

        10 years ago

        That makes alot of sense. I wouldn’t think the rays would offer him an extension that team is almost run as poorly as the marlins post world series

        Reply
        • lunchmoney

          10 years ago

          Tell me more about the bottom 3 payroll club with a history of overperforming limitations being run poorly.

          Reply
      • lunchmoney

        10 years ago

        Tell me more about the bottom 3 payroll club and a history of overperforming limitations being run poorly.

        Reply
    • amishthunderak

      10 years ago

      Agree.

      Reply
    • baronbeard

      10 years ago

      Reports saying that they aren’t flipping after extensions.

      Reply
  3. baronbeard

    10 years ago

    Same move Tampa did with Longo, Archer, and Moore.

    Reply
  4. captainredbeard

    10 years ago

    We will see. Imo if he signs what they offered Moore or Smyly get traded. If he counters with something much higher then the TB offer, he is the one getting traded.

    Reply

Leave a Reply Cancel reply

Please login to leave a reply.

Log in Register

    Top Stories

    Rangers Option Josh Jung

    Kevin Pillar Announces Retirement

    Braves Place Spencer Schwellenbach On IL With Elbow Fracture

    Braves Designate Alex Verdugo For Assignment

    Giants Exercise 2026 Option On Manager Bob Melvin

    Yordan Alvarez Shut Down Due To Setback With Hand Injury

    Astros Place Jeremy Peña On Injured List With Fractured Rib

    Tucker Barnhart To Retire

    Tyler Mahle To Be Sidelined Beyond Trade Deadline

    Reds Release Jeimer Candelario

    Dave Parker Passes Away

    Griffin Canning Diagnosed With Ruptured Achilles

    Pirates Reportedly Have Very Few Untouchable Players At Trade Deadline

    Griffin Canning Believed To Have Suffered Achilles Injury

    Mariners Looking For Corner Infield Bats; Ownership Willing To Bump Payroll

    Wander Franco Found Guilty Of Sexual Abuse

    Mariners Place Rowdy Tellez On Release Waivers

    Max Meyer To Undergo Season-Ending Hip Surgery

    Whit Merrifield Announces Retirement

    White Sox Sign Noah Syndergaard To Minor League Deal

    Recent

    D-Backs GM Mike Hazen Discusses Deadline Possibilities

    Orioles Sign Jose Barrero To Minor League Deal

    Zach Pop Elects Free Agency

    MLB Announces 2025 All-Star Starting Hitters

    MLB Mailbag: Braves, Cubs, Sasaki, Angels, Volpe

    Diamondbacks Designate Kyle Nelson For Assignment

    Trade Deadline Outlook: Washington Nationals

    Astros Select Zack Short

    Rangers Option Josh Jung

    Kevin Pillar Announces Retirement

    MLBTR Newsletter - Hot stove highlights in your inbox, five days a week

    Latest Rumors & News

    Latest Rumors & News

    • Sandy Alcantara Rumors
    • Luis Robert Rumors
    • Alex Bregman Rumors

     

    Trade Rumors App for iOS and Android App Store Google Play

    MLBTR Features

    MLBTR Features

    • Remove Ads, Support Our Writers
    • Front Office Originals
    • Front Office Fantasy Baseball
    • MLBTR Podcast
    • Trade Deadline Outlook Series
    • 2025-26 MLB Free Agent List
    • Contract Tracker
    • Transaction Tracker
    • Extension Tracker
    • Agency Database
    • MLBTR On Twitter
    • MLBTR On Facebook
    • Team Facebook Pages
    • How To Set Up Notifications For Breaking News
    • Hoops Rumors
    • Pro Football Rumors
    • Pro Hockey Rumors

    Rumors By Team

    • Angels Rumors
    • Astros Rumors
    • Athletics Rumors
    • Blue Jays Rumors
    • Braves Rumors
    • Brewers Rumors
    • Cardinals Rumors
    • Cubs Rumors
    • Diamondbacks Rumors
    • Dodgers Rumors
    • Giants Rumors
    • Guardians Rumors
    • Mariners Rumors
    • Marlins Rumors
    • Mets Rumors
    • Nationals Rumors
    • Orioles Rumors
    • Padres Rumors
    • Phillies Rumors
    • Pirates Rumors
    • Rangers Rumors
    • Rays Rumors
    • Red Sox Rumors
    • Reds Rumors
    • Rockies Rumors
    • Royals Rumors
    • Tigers Rumors
    • Twins Rumors
    • White Sox Rumors
    • Yankees Rumors

    Navigation

    • Sitemap
    • Archives
    • RSS/Twitter Feeds By Team

    MLBTR INFO

    • Advertise
    • About
    • Commenting Policy
    • Privacy Policy

    Connect

    • Contact Us
    • Twitter
    • Facebook
    • RSS Feed

    MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

    Do not Sell or Share My Personal Information

    hide arrows scroll to top

    Register

    Desktop Version | Switch To Mobile Version