Orioles Exercise Club Options On Ryan O’Hearn, Cionel Perez

The Orioles have picked up their $2.2MM club option on the services of left-hander Cionel Perez for the 2025 season, according to Francys Romero. Baltimore would’ve still had Perez under team control for 2025 via arbitration even if the option had been declined. They’ve also picked up their $8MM option on the services of first baseman Ryan O’Hearn, as first reported by Jon Heyman of the New York Post. Both will return to the club in 2025.

Whether or not the Orioles would pick up Perez’s option appeared to be a close call given that MLBTR contributor Matt Swartz projected a $2.1MM salary for the left-hander in his penultimate trip through arbitration. That comes in slightly lower than the figure Perez will now earn in 2025. It’s possible Baltimore’s own internal view of Perez’s likely arbitration salary came in a touch higher than MLBTR’s, although the Orioles’ decision may be as simple as not wanting to decline the option and risk an arbitration hearing with the southpaw over just $100K.

That there was any sort of decision to be made regarding the option would’ve registered as something of a surprise headed into the 2024 season. Entering this year, Perez had been among the club’s very best relievers over his two years in Baltimore. From 2022 to ’23, Perez dominated to the tune of a 2.43 ERA in 111 innings of work. That fantastic ERA was somewhat belied by higher 3.30 FIP thanks to Perez’s lackluster strikeout (20.6%) and walk (10%) rates over the past two years, but the lefty made up for that by generating grounders at an excellent 56.2% rate.

Unfortunately, Perez took a major step backwards in 2024 when it came to run prevention as his ERA ballooned to 4.53. With that being said, his peripherals remained remarkably similar to his previous successful seasons with the Orioles. His 11.8% walk rate was elevated and his 19.3% strikeout rate was just a tick lower than those previous figures, but the lefty maintained a strong 55.8% groundball rate and wound up with a 3.30 FIP that was identical to his average over the prior two seasons. Of course, it’s worth noting that Perez’s FIP is somewhat deflated by the fact that Perez managed to give up zero home runs during the 2024 campaign. While the lefty has typically been excellent at limiting hard contact throughout his career, it’s worth noting that his homerless season came in spite of a nearly doubled barrel rate relative to 2023.

Overall, Perez seems likely to remain with the Orioles as a solid lefty relief option, though perhaps not one they’ll be interested in offering high leverage duties to until and unless he can bring his strikeout and walk ratios closer to the 23.5% and 9% figures he flashed during his dominant 2022 campaign. The Orioles notably declined their club option on fellow lefty Danny Coulombe today, making Perez all the more valuable as he joins Keegan Akin and Gregory Soto as lefty options in 2025.

Turning to O’Hearn, the decision to pick his option up doesn’t register as much of a surprise given his excellent performance since first donning an Orioles uniform. The 31-year-old just wrapped up his second season with Baltimore and carries an overall slash line of .275/.329/.450 (119 wRC+), though even that slash line may be selling his growth with the club short as he massively improved his plate discipline in 2024. After striking out at a 22.3% clip and walking just 4.1% of the time in 2023, this year O’Hearn took free passes at an excellent 9.3% clip while striking out just 14% of the time. A small step back in the power department meant his wRC+ was largely unchanged from the year prior, but underlying metrics such as xwOBA viewed O’Hearn’s work in 2024 as a substantial improvement over his first season with the club.

As impressive as O’Hearn’s evolution in Baltimore has been, there do remain questions about his fit on the club’s roster entering next year. While Anthony Santander’s likely departure in free agency will open up some playing time in the corner/DH mix, the Orioles have already at times struggled to juggle playing time for O’Hearn and fellow first baseman Ryan Mountcastle when both are healthy in previous seasons. Looking ahead to 2025, they’ll be searching for ways to include Coby Mayo and Heston Kjerstad in the lineup more regularly, and either player could take up the lion’s share of playing time at DH with Mayo in particular even standing as a possible inclusion in the club’s first base mix as well. A trade of Mountcastle, one of the prospects, or even O’Hearn himself could help to clear up the clubs log jam at the position, and it would hardly be a surprise if the club decided to do so in order to upgrade a rotation facing plenty of questions headed into 2025 following the departure of Corbin Burnes and elbow surgery that will sideline Kyle Bradish for the start of next season.