Where Will Nick Pivetta Sign?

Nick Pivetta is the top unsigned starting pitcher. He’s one of two remaining free agents, alongside Alex Bregman, who received a qualifying offer in early November. (Pete Alonso has also yet to officially sign his two-year agreement to return to the Mets.) Pivetta was a slightly surprising QO recipient, but the move paid off for the Red Sox when the righty declined the offer.

That ensures that the Sox will get a compensatory draft choice between the end of Competitive Balance Round B and the third round — likely 77th overall. Pivetta initially looked like he’d be a beneficiary of the robust starting pitching market that was present early in the offseason. ESPN’s Jeff Passan wrote around the time of the QO decisions that Pivetta would receive interest on at least a three-year deal.

It wasn’t an unreasonable expectation. Nathan Eovaldi, Yusei Kikuchi, Sean Manaea and Luis Severino each got three years and upwards of $60MM. The Royals signed Michael Wacha to a three-year, $51MM extension on the eve of free agency. Manaea and Severino had declined qualifying offers, while Wacha would have gotten one as well had they not agreed to the multi-year deal. Pivetta could have pursued something similar to the three-year, $67MM guarantee that Severino pulled from the A’s.

The 31-year-old Pivetta (32 later this week) was an innings eater in the middle of the Boston rotation for the past few seasons. He struggled early in the 2023 campaign and was briefly demoted to the bullpen, but he excelled late in the year to earn his way back to the starting five. He took the ball 27 times last season, working to a 4.14 ERA across 145 2/3 innings. Pivetta missed some time early in the year with a flexor strain. That was the first non-virus injured list stint of his MLB career, though, and he returned without issue by the middle of May.

Pivetta has never posted a sub-4.00 ERA season. His run prevention has landed in the low 4.00s in consecutive years, and he carries a 4.09 mark in 288 1/3 frames since the start of 2023. Pivetta’s strikeout and walk rates have always been more intriguing than the ERA might suggest. He has punched out 30% of opponents with a solid 7.3% walk percentage over the past two seasons. The swing-and-miss ability has been somewhat undercut by Pivetta’s longstanding issue keeping the ball in the park. He has allowed a higher than average home run rate in all seven seasons of his MLB career.

There’s value in the durability and solid run prevention marks that Pivetta has provided the Red Sox. His camp presumably marketed him as an upside play based on the swing-and-miss stuff. A move out of the AL East and/or to a pitcher-friendly home park could position him for a step forward as a strong #3 starter.

It’s unclear whether the market has ever materialized to the extent that he envisioned when he declined the QO. There haven’t been a ton of publicly reported ties. The Canada native was linked to the Blue Jays before they signed Max Scherzer; Toronto GM Ross Atkins said last week that any additional rotation acquisitions were likely to be pure depth adds.

Pivetta was one of a number of rotation candidates tied to the Mets at the Winter Meetings. They’ve since re-signed Manaea and had already brought in Frankie Montas and Clay Holmes to slot into the rotation. They arguably still need a finishing piece, but they should probably aim for a legitimate #1 starter on the trade market. The Reds were the only other team firmly tied to Pivetta this offseason. Cincinnati has since seemingly pushed their payroll near ownership’s ceiling. President of baseball operations Nick Krall downplayed the likelihood of any more moves of note a couple weeks back.

It’s hard to envision Pivetta securing a Severino-type deal at this stage. Many teams have pushed their budgets as far as they’re willing to go. Players who sign early tend to fare better than those who linger into late January and potentially into Spring Training. This offseason has been no exception. Alonso and Jack Flaherty have each turned to short-term deals after starting out with much loftier asks. The QO also remains an impediment. Teams would still need to relinquish draft capital and potentially 2026 international pool money (depending on their luxury tax status) to add Pivetta. That’s not the case for the other unsigned starters (e.g. Jose Quintana, Kyle Gibson, Andrew Heaney).

Which club is most likely to swoop in late to add Pivetta? Weigh in below.