Headlines

  • Adam Duvall To Undergo Season-Ending Wrist Surgery
  • Brewers Sign Aaron Ashby To Five-Year Extension
  • Michael King Suffers Season-Ending Elbow Fracture
  • Tyler Stephenson Fractures Clavicle
  • Mets, Pirates Swap Daniel Vogelbach, Colin Holderman
  • Brewers To Sign Jake McGee To Major League Deal
  • Previous
  • Next
Register
Login
  • Hoops Rumors
  • Pro Football Rumors
  • Pro Hockey Rumors

MLB Trade Rumors

  • 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
    • 2021-22 MLB Free Agent Tracker
    • 2021-22 MLB Free Agent List
    • 2022-23 MLB Free Agent List
    • Top 50 Free Agents
    • Projected Arbitration Salaries For 2022
    • Transaction Tracker
    • Extension Tracker
    • Arbitration 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)

Comments

  1. greatd

    7 years ago

    Making him an affordable extension may raise his value as well

    Reply
  2. captainredbeard

    7 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

      7 years ago

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

      Reply
      • justinept

        7 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

      7 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

      7 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

        7 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

          7 years ago

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

      • lunchmoney

        7 years ago

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

        Reply
    • amishthunderak

      7 years ago

      Agree.

      Reply
    • baronbeard

      7 years ago

      Reports saying that they aren’t flipping after extensions.

      Reply
  3. baronbeard

    7 years ago

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

    Reply
  4. captainredbeard

    7 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

ad: 300x250_1_MLB

    Top Stories

    Adam Duvall To Undergo Season-Ending Wrist Surgery

    Brewers Sign Aaron Ashby To Five-Year Extension

    Michael King Suffers Season-Ending Elbow Fracture

    Tyler Stephenson Fractures Clavicle

    Mets, Pirates Swap Daniel Vogelbach, Colin Holderman

    Brewers To Sign Jake McGee To Major League Deal

    Jazz Chisholm Diagnosed With Stress Fracture In Back

    Mets Exploring Trade Market For DH Options

    Carlos Rodon Reaches 110 Innings Pitched, Vests Right To Opt Out After This Season

    Giants Sign Trevor Rosenthal

    Orioles Agree To Terms With First Overall Pick Jackson Holliday

    Write For MLB Trade Rumors

    Latest On Juan Soto’s Market

    Boras On Juan Soto Extension Offer, Potential Trade, Rumored Nationals Sale

    Reds Plan To Activate Tyler Mahle For Sunday Start

    Recent

    Giants Acquire Ben Bowden From Rays

    Injury Notes: Alvarez, Reynolds, Garcia, Witt

    Adam Duvall To Undergo Season-Ending Wrist Surgery

    Cardinals To Place Goldschmidt, Arenado, Romine On Restricted List; Matz Placed On 15-Day Injured List

    Giants Place Evan Longoria On 10-Day Injured List

    Marlins Roster Moves

    Reds Activate Tyler Mahle, Place Jeff Hoffman On 15-Day Injured List

    Rays Reinstate Jeffrey Springs, Option Luis Patino

    Angels Designate Jonathan Villar For Assignment, Select Magneuris Sierra

    Yankees Designate Shane Greene For Assignment

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

    Latest Rumors & News

    Latest Rumors & News

    • Willson Contreras Rumors
    • Josh Bell Rumors
    • Ian Happ Rumors
    • Luis Castillo Rumors
    • Brandon Drury Rumors
    • Andrew Benintendi Rumors
    • Jose Quintana Rumors
    Trade Rumors App for iOS and Android

    MLBTR Features

    MLBTR Features

    • Go Ad-Free
    • MLB Player Chats
    • 2021-22 MLB Free Agent Tracker
    • 2021-22 MLB Free Agent List
    • Top 50 Free Agents
    • 2022-23 MLB Free Agent List
    • Projected Arbitration Salaries For 2022
    • 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

    ad: 160x600_MLB

    Navigation

    • Sitemap
    • Archives
    • 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

    hide arrowsFOX Sports Engage Network scroll to top
    Close

    Desktop Version | Switch To Mobile Version