Matt Strahm

Matt Strahm Triggers Vesting Option

By Anthony Franco | September 15, 2025 at 11:41pm CDT

Phillies reliever Matt Strahm completed a perfect eighth inning for a hold tonight against the Dodgers. In the process, he crossed the 60-inning threshold and vested a $7.5MM option for the 2026 season. The southpaw will still need to pass a postseason physical for the option to go into effect.

Strahm initially joined the Phils on a two-year, $15MM free agent contract during the 2022-23 offseason. That has turned into an excellent value for Dave Dombrowski’s front office. Strahm turned in a 3.29 ERA across 87 2/3 innings during his first season with the club. Philadelphia signed him to a one-year extension for the 2025 season before the ’24 campaign even got underway.

The 33-year-old Strahm has responded with arguably the best two years of his career. He worked to a 1.87 ERA over 66 appearances a year ago and holds a 2.83 mark in 60 1/3 frames this season. His velocity has ticked down, but he’s still punching out 28% of batters faced against an 8% walk rate. He carried a solid 11.7% swinging strike percentage into tonight’s performance.

Philly has increasingly leaned on Strahm as one of their top bullpen weapons. He has a career-best 21 holds. In the second half, only closer Jhoan Duran has entered in higher-leverage situations on average. Strahm is alongside David Robertson and Orion Kerkering as the Phils’ top setup arms going into the playoffs. José Alvarado is ineligible for the postseason because of his failed performance-enhancing drug test. Strahm and Tanner Banks will go into October as manager Rob Thomson’s top two southpaws, while waiver pickup Tim Mayza looks like a borderline candidate to make the playoff roster.

The Phillies would very likely have exercised Strahm’s option even if he had fallen shy of the 60-inning mark. Philadelphia will be happy to retain him on an affordable salary for a leverage reliever. Duran will be back in the ninth inning, while Kerkering and Banks remain under control for multiple seasons. The Phils hold a $9MM option on Alvarado, whose season ended last week when he was diagnosed with a forearm strain.

9 Contract Options To Keep An Eye On In September

By Steve Adams | September 5, 2025 at 6:34pm CDT

The final push of the 2025 season is upon is, which means postseason chases for fans lucky enough to root for contending clubs and offseason dreams for those whose clubs are already out of the running. It also means that players with vesting clauses in their contract and/or performance incentives are beginning to unlock bonuses related to plate appearances, innings pitched, games finished, etc.

In particular, there are a handful of club options that are worth keeping an eye on either for incentive purposes or for season-long rehabbers who’ll have a limited September window to audition for next year’s club. MLBTR’s Anthony Franco already highlighted the three vesting options of note last month, but we’ll still take a look at how those players are tracking and also shine a light on six more club/mutual options that’ll have some present financial ramifications as well as potential 2026 roster implications.

Here are nine options to keep in the back of your mind as the season’s final weeks play out…

Pete Fairbanks, RHP, Rays

Fairbanks’ three-year, $12MM extension with Tampa Bay contained a $7MM club option for the 2026 season, but he’s boosted that option’s value considerably. Fairbanks already triggered $1.5MM in escalators based on his total appearances in the first three seasons of the deal, and he’s maxed out a set of escalators based on his number of games finished in 2025, tacking another $2MM onto the option price. His option at this moment is valued at $10.5MM, but if he appears in even two more games this year, he’ll boost his 2023-25 appearance count to 150, adding another $1MM to its value. If he appears in seven of Tampa Bay’s final 22 games, he’ll bump his 2025 appearance total to 60 and add yet another $1MM escalator onto the deal.

A $12.5MM salary for a reliever is steep for the Rays, but Fairbanks has pitched a career-high 52 1/3 innings and logged a 3.10 ERA, 25.2% strikeout rate and 7% walk rate en route to 24 saves. Even if the Rays were hesitant to commit $11.5MM or $12.5MM to a frequently injured reliever who’ll turn 32 in December, a team with lesser budgetary concerns would be willing to do. The option will very likely be picked up either way, but the steeper the cost, the likelier an offseason trade becomes.

Andrés Muñoz, RHP, Mariners

Muñoz’s four-year, $7.5MM contract has become one of the game’s great bargains. At the time of the agreement, he’d made just one appearance for the M’s and had only 23 2/3 major league innings under his belt due to Tommy John surgery. The four-year term bought out his final pre-arbitration year and all three arbitration seasons, while also giving Seattle options on his first three free agent years. It’s easy to say now that Muñoz would’ve earned more through arbitration, but it’s hard to blame a 22-year-old who’d scarcely pitched in the majors for locking in that life-changing payday, and there was some modest risk for the Mariners in the deal as well.

The first of those three option years has a $6MM base value, but Muñoz has already boosted that by $500K. He unlocked $250K option escalators when he reached 20 and 30 games finished on the season. He’s finished 39 games now, and he’ll hit additional $250K escalators when he finishes his 40th and 45th games of the season. The first of those is a lock, and the second is certainly within reach.

Muñoz’s contract also has an $8MM club option for 2027 and a $10MM club option for 2028. He can boost both those figures by $1MM with the same set of escalators based on his games finished in the next two seasons, and beginning next year, he can also earn an additional $2MM per season based on games finished.

John Means, LHP, Guardians

Coming off his second career Tommy John surgery, Means signed a one-year, $1MM deal with the Guardians. Cleveland knew full well he’d miss most of the season recovering from last summer’s UCL operation. Means has a $6MM club option, with no buyout. He can’t boost that sum any further, but he’s on the cusp of returning to the majors and making what’ll amount to a two- or three-start audition.

Means, 32, has made four minor league rehab starts and has pitched well. He’s tossed 13 1/3 innings and yielded four earned runs (2.70 ERA) on eight hits and five walks with 13 punchouts. He’d been slated to make his final rehab start today before being scratched with an illness, but a return to the majors could happen as soon as next weekend.

When healthy, Means has been a high-quality starter. He’s posted a 3.68 ERA in 401 big league innings, all coming with the Orioles. He’s a former Opening Day starter and All-Star for Baltimore who has twice topped 140 innings in a season. A pair of UCL surgeries has limited him to just 52 1/3 innings since Opening Day 2022, however.

The Athletic’s Zack Meisel suggests that as long as Means is healthy, the option will be picked up. The Guards have committed a full year to rehabilitating the talented lefty. And, as explored at MLBTR last night, Cleveland has an uncharacteristic need for some pitching upgrades. A $6MM gamble on Means isn’t exactly a pricey roll of the dice, but the Guardians are one of the sport’s lowest-payroll clubs. If Means returns next week and gets rocked in his only two or three big league starts this year, it doesn’t feel like a given that they’ll dedicate that $6MM sum to him. If he looks even close to his old form, it seems like a reasonable risk to take. His handful of starts will be worth watching with a careful eye for Cleveland fans.

Jose Urquidy, RHP, Tigers

Urquidy is in a very similar situation to that of Means. He’s rehabbing from a second career Tommy John surgery and signed a one-year, $1MM deal with a $4MM club option for the 2026 season. Like Means, he’s on a minor league rehab assignment right now and could be activated in the near future. The former Astros righty tossed three scoreless innings for Triple-A Toledo three days ago and has now pitched 14 2/3 minor league innings with a 4.30 ERA and a 12-to-3 K/BB ratio.

Urquidy and Means have nearly identical career innings totals, though Urquidy’s 405 frames have come in a more condensed five seasons. From 2019-22, the right-hander posted a 3.74 ERA with a 20.3% strikeout rate and 5.2% walk rate in 342 innings for Houston. He was hit hard in a 2023 season that was shortened by shoulder troubles (5.29 ERA in 63 frames) and didn’t pitch in 2024 due to the elbow/forearm discomfort that eventually prompted his Tommy John surgery in early June last year.

If Urquidy comes back anywhere close to that 2019-22 form, a $4MM option should be a no-brainer, but a rocky performance could give the Tigers reason to pause. Urquidy’s return will also be worth monitoring since he could pitch his way into postseason roster consideration for Detroit.

Tyler Kinley, RHP, Braves

Atlanta looked past Kinley’s dismal 5.66 ERA with the Rockies and acquired him in July, clearly believing that the hard-throwing righty was only a few tweaks away from success. It’s been a masterstroke. Kinley has pitched 13 2/3 innings and allowed just one run since being traded to Atlanta in exchange for 26-year-old Double-A righty Austin Smith. The Braves have Kinley throwing even more sliders and working with a slightly lower release point, and the results have been stellar — albeit in a small sample.

The Braves were out of the postseason chase by the time the deadline rolled around, so the mere fact that they traded for a potential free agent with a 2026 club option signaled that they were open to exercising that option in spite of his struggles. Kinley’s success in Atlanta makes it quite likely he’ll return, but there’s a good chance it won’t be at the $5MM base price of his value. His contract contains option escalators based on games finished, the first of which kicks in at 20. Kinley has currently finished 18 games this year, including three with Atlanta. If he finishes two more, he’ll boost next year’s option to $5.5MM — and he’ll also unlock a $500K bonus for the current season.

It’s not a major change, but those incentives would bump him from a $2.08MM luxury tax hit to $2.875MM. Assuming the options on Kinley, Pierce Johnson, Chris Sale, Ozzie Albies and Ha-Seong Kim are all exercised, Atlanta will have $207.5MM committed to next year’s books when the offseason begins (before accounting for arbitration raises).

Harrison Bader, OF, Phillies

Bader has proven to be a terrific pickup for the Phils, hitting .307/.374/.477 in his first 99 plate appearances since being traded over from Minnesota. He’s up to 406 plate appearances on the season, which is just enough for his incentive structure to kick in. The $1.5MM buyout on Bader’s $10MM mutual option jumped to $1.7MM when he reached 400 plate appearances, and it’ll climb to $1.9MM at 425 plate appearances and $2.1MM if he reaches 450. It’s a minor bump, but for a Phillies club that’s a third-time luxury payor in the top tier of penalization, they’ll pay a 110% tax on the prorated portion of that extra $600K.

Given the strength of Bader’s play, they’ll happily pay that, of course, and the increased buyout does nothing to change the fact that Bader will return to free agency this winter. It’s been over a decade since the last time both sides of a mutual option were exercised in MLB (Brewers, Aramis Ramirez in 2014). Bader’s plus defense and strong season at the plate should position him for a multi-year deal in the offseason.

Jorge Polanco, INF, Mariners

Polanco is nine plate appearances shy of converting his 2026 mutual option into a $6MM player option. He’s also already tacked $2MM onto his 2025 salary via plate appearance incentives, and when he hits the 450 mark needed to trigger that player option, he’ll unlock another $500K. That’ll bump the veteran switch-hitter up to a $9.5MM salary in 2025. He’d get another $500K if he can make it to 500 plate appearances, but it’s not a guarantee he’ll get 59 plate appearances in between now and season’s end.

Though he’s slumped considerably in the middle months of the season, Polanco has heated up again in the past three weeks. He’s slashing .254/.319/.471 with 23 homers and 17 doubles in only 441 plate appearances — miles better than the down year he had with the M’s in 2024 before undergoing offseason knee surgery. He’s played well enough that he’s probably going to decline a $6MM player option anyhow, but it’ll be a nice safety net in the event of an injury (so long as it’s not a lower-half injury, as his contract contains language that’d prevent the player option from kicking in if he’s dealing with an injury related to that offseason knee procedure).

Matt Strahm, LHP, Phillies

Strahm is on the cusp of having his contract’s 2026 option vest. While that originally came at a $4.5MM base value, he’s already boosted the option value to $6.5MM via $1MM escalators at 40 and 50 innings pitched. Once he reaches 60, the option value increases to its maximum $7.5MM. The contract also stipulates that if Strahm pitches 60 innings and passes a physical at the end of the season, it’ll automatically vest.

Strahm has been excellent in 2025, logging 56 1/3 frames of 2.88 ERA ball with a 27.9% strikeout rate and 7.7% walk rate. He’s saved six games and tallied 17 holds. The Phillies would’ve picked up the option anyhow, but this removes any doubt.

Lucas Giolito, RHP, Red Sox

Giolito’s two-year, $38.5MM contract with Boston couldn’t have started much worse. The typically durable righty went down with a UCL injury in spring training last year, ultimately requiring surgery that wiped out his entire 2024 season. His 2025 return didn’t appear to be going well early on, either. Through his first seven starts, the 31-year-old was shelled for a 6.42 ERA in just 33 2/3 innings.

Since June 10, however, Giolito has returned to form. He’s started 15 games, totaled 91 2/3 innings and logged a pristine 2.26 earned run average. His 21.1% strikeout rate and 8.6% walk rate in that time are both about half a percentage point worse than league average among starting pitchers, but it’s been a strong run overall, pushing his season ERA down to a tidy 3.38.

That turnaround would make Giolito’s $14MM club option likely to be picked up — but it’s not likely to remain a club option. The right-hander’s contract stipulates that with 140 innings pitched this year, that option converts into a $19MM mutual option with a $1.5MM buyout. With 125 1/3 innings under his belt, Giolito only needs another 14 2/3 frames in the final three weeks to convert that option to mutual status. If and when he reaches that point, Giolito is a lock to decline his half of the mutual option, collect that buyout and return to free agency in search of a multi-year deal. The Sox could — and likely would — counter with a qualifying offer, but the hefty contracts for mid-rotation arms like Eduardo Rodriguez (four years, $80MM), Sean Manaea (three years, $75MM), Taijuan Walker (four years, $72MM), Jameson Taillon (four years, $68MM) and Luis Severino (three years, $67MM) in recent offseasons all suggest that Giolito can reasonably seek a pricey three- or four-year deal ahead of what’ll be his age-31 season.

Vesting Options Update: Giolito, Polanco, Strahm

By Anthony Franco | August 18, 2025 at 9:40pm CDT

The upcoming free agent class doesn’t feature a ton of players whose contracts contain vesting options. Marcus Stroman’s deal with the Yankees would’ve contained an $18MM player option had he reached 140 innings, but an early-season knee injury made that impossible. The Yanks released him earlier this month anyhow.

While Stroman’s option was a non-factor, a trio of players are closing in on their own vesting provisions.

Lucas Giolito, Red Sox RHP ($14MM club option converts to $19MM mutual option at 140 innings; $1.5MM buyout in either case)

Giolito is up to 106 2/3 innings across 19 starts. He needs another 33 1/3 frames to convert next season’s $14MM team option into a $19MM mutual provision. That’d allow him to decline his end and retest free agency as he heads into his age-31 campaign. He’d very likely do so and could command a three-plus year contract.

The righty’s season numbers aren’t exceptional. Giolito carries a 3.63 earned run average with a 19.6% strikeout percentage that is his lowest since his terrible 2018 campaign. He had a trio of blowups in his first seven appearances after missing all of last season to an internal brace surgery. He has been locked in over the past two-plus months. In his last 12 starts, Giolito carries a 2.34 ERA while averaging over six innings per appearance. His 20.4% strikeout rate still isn’t great, and he has benefitted from a .229 opponents average on balls in play, but he at least looks the part of a durable mid-rotation arm again.

Giolito has a good shot to reach 140 innings. He’d need to average a little under six innings per start over his next six appearances. If he stays healthy, he should take the ball at least seven times — which would give him leeway in case he has one bad outing in which he’s knocked out after two or three frames. Even a minimal injured list stint would take it off the table, though.

Chief baseball officer Craig Breslow said over the weekend that the Sox had no intention of changing Giolito’s workload to keep him from vesting the option. No front office executive would publicly admit otherwise, of course, but there’s no reason to doubt Breslow in this case. The Red Sox are trying to secure a postseason berth. Even if they were out of contention, limiting a player’s workload so they could exercise an option to keep that player at a below-market rate wouldn’t make for an especially good relationship. If he gets to free agency, Giolito could take aim at something like the three-year deals secured by Luis Severino ($67MM with an opt-out after the second season) and Sean Manaea ($75MM with deferrals).

Jorge Polanco, Mariners DH/2B ($8MM mutual option converts to $6MM player option at 450 plate appearances, escalates to $8MM player option at 550 plate appearances; $750K buyout in either case)*

Polanco re-signed with Seattle last offseason on a somewhat complicated deal that reflected his health uncertainty coming off left knee surgery. The deal contains an $8MM mutual option which would vest into a $6MM player provision if Polanco reaches 450 plate appearances. Polanco has taken 395 trips to the dish. He’s 55 plate appearances from reaching the vesting mark, and he’d escalate the player option price back to $8MM if he tallies another 155 trips before season’s end.

Initially, the Mariners looked to have struck gold with that surprise re-signing. Polanco blasted nine home runs while hitting .384 through the end of April. Even with knee and side discomfort limiting him to early-season DH work, he looked rejuvenated. Polanco’s production completely tanked over the next two months, however. He had a huge July but is back to a .213/.275/.298 showing in 14 games this month.

Polanco has hit .209/.283/.344 across 315 plate appearances since the beginning of May. His season batting line (.245/.310/.439) is still above-average, but there have been significant peaks and valleys. Cole Young has taken over at second base. While Eugenio Suárez’s impending free agency leaves an opening at third base, Polanco hasn’t shown he’s healthy enough to play there regularly. There’s a good chance the Mariners would buy out their end of the option if it remains a mutual provision. Polanco only needs to start another 13 or 14 games to give himself more security.

That shouldn’t be a problem with 36 games remaining on the schedule. The M’s have sat him in each of their past two games against left-handed opponents, but he continues to play regularly versus righties. He’s highly unlikely to get all the way to 550 PA’s to push the player option to $8MM, but he should easily unlock the $6MM player option that’ll give him the unilateral decision whether to return to free agency.

* The vesting provision also requires that Polanco hasn’t suffered a lower body injury that’d prevent him from being ready for Opening Day 2026.

Matt Strahm, Phillies LHP ($5.5MM team option becomes guaranteed at $7.5MM at 60 innings)*

Strahm’s extension with the Phillies contained a $4.5MM club option for the 2026 season. The southpaw has already pushed that to $5.5MM and will escalate it to $6.5MM when he records two more outs. He’s 10 2/3 innings away from hitting the 60-inning threshold, at which point the price jumps to $7.5MM and becomes guaranteed.

In his case, it’s probably immaterial. Even if Strahm suffers a minor injury that keeps him from getting to 60 frames, the Phillies would probably exercise the option. Strahm is having another impressive season, working to a 3.10 ERA with six saves and 14 holds. His velocity has dropped a tick and he has lost a few points on his strikeout rate, but he has still punched out an above-average 27.7% of opponents. Strahm is one of Rob Thomson’s more trusted setup arms.

* The vesting provision also requires that Strahm pass a postseason physical.

Looking Ahead To Club Options: NL East

By Anthony Franco | April 28, 2025 at 6:55pm CDT

MLBTR continues our division by division look at next year’s team/mutual option class with the NL East. Only three teams in the division have such options, though Atlanta’s group of decisions involve some of the more notable players in the class.

Previous installments: player options/opt-outs, NL West, AL West, NL Central, AL Central

Atlanta Braves

Ozzie Albies, 2B ($7MM club option, $4MM buyout)

This is the final guaranteed season of the $35MM extension which Albies signed early in 2019. The deal was widely considered a massively team-friendly contract the day it happened, and that has proven to be the case. Albies has made a pair of All-Star teams, won two Silver Slugger Awards, and twice found his name on MVP ballots over the course of the deal.

There’s no intrigue to this one. The Braves will exercise the option, which ends up being a $3MM investment after factoring in the $4MM buyout. There will be another $7MM club option (with no buyout) for 2027 that will probably be a similarly easy call. Albies’ offense has declined over the past two seasons, as he’s hitting just .246/.300/.398 in 553 plate appearances since the start of 2024. The $3MM difference between the option price and the buyout is low-end utility player money, though. Even if the Braves start to question whether Albies remains the answer at second base, there’d be surplus trade value.

Orlando Arcia, SS ($2MM club option, $1MM buyout)

Atlanta signed Arcia to a three-year, $7.3MM extension on the eve of the 2023 season. It looked like an odd move at the time, an unnecessary multi-year commitment for a likely utility infielder. Then Arcia broke out with an All-Star season while replacing Dansby Swanson as Atlanta’s everyday shortstop. The contract looked like a major coup for the front office.

Things have swung back in the opposite direction over the past year-plus. Arcia’s bat cratered last year, as he turned in a .218/.271/.354 line over 602 plate appearances. While the Braves stuck with him as their starting shortstop, he’s lost that role with a dismal start to the ’25 season. Arcia has hit .200 with eight strikeouts, one walk, and one extra-base hit (a double) through 31 trips. Nick Allen jumped him on the depth chart and has started the past five games. Arcia wouldn’t need to do much to convince the Braves to exercise an option that amounts to a $1MM decision, but he’s no longer a lock to even stick on the roster all season.

Pierce Johnson, RHP ($7MM club option, $250K buyout)

Johnson dominated over 24 appearances after being acquired from the Rockies at the 2023 deadline. The righty would have been one of the better setup men in the following free agent class, but the Braves signed him to a two-year extension with a $14.25MM guarantee to keep him off the market. He has made consecutive $7MM salaries and has a matching club option with a $250K buyout for next season.

It has worked out nicely. Johnson fired 56 1/3 innings of 3.67 ERA ball with a strong 28.4% strikeout rate last year. He has punched out 10 while allowing four runs through 9 1/3 frames to begin this season. His whiffs are slightly down, while opponents are making more hard contact than they did a season ago. Those are worth monitoring, but Johnson’s overall body of work in Atlanta consists of a 2.89 earned run average with 109 strikeouts over 89 1/3 innings. As of now, a $6.75MM price point seems like solid value.

Chris Sale, LHP ($18MM club option, no buyout)

Sale’s first season in Atlanta was brilliant. He posted an MLB-best 2.38 ERA while leading the National League with 225 strikeouts. He won his first career Cy Young award after finishing in the top six on seven occasions earlier in his career. He reestablished himself as an ace following some injury-plagued years. The trade in which he was acquired from the Red Sox for struggling second baseman Vaughn Grissom has been a steal.

The left-hander’s uneven start to 2025 has contributed to the Braves’ mediocre April. Sale has allowed 5.40 earned runs per nine through his first six outings. They’ve gone 3-3 in those contests. It’s largely the product of an inflated .400 batting average on balls in play against him. Sale’s 27.3% strikeout rate is down nearly five percentage points relative to last season, but it remains a well above-average mark for a starting pitcher. He’s getting whiffs on 12.9% of his offerings. His slider has been as lethal as ever. Opponents have feasted on his fastball so far, but there’s no dramatic change in velocity or spin. While the poor start has probably tanked his chance of repeating as the Cy Young winner, the $18MM option still seems like an easy “yes” for the front office.

Miami Marlins

None

New York Mets

Brooks Raley, LHP (club option, terms unreported)

Over the weekend, Raley reportedly agreed to terms with the Mets on a one-year deal with a club option. The signing has not been finalized, nor has the money been reported. Raley is working back from last May’s Tommy John surgery.

Drew Smith, RHP ($2MM club option, no buyout)

The Mets also re-signed Smith on a one-year deal with an option after TJS — a July operation, in his case. He’s making $1MM for what will probably be a completely lost season. The Mets get an affordable $2MM option for next season that they’re likely to exercise so long as Smith doesn’t suffer a setback. If they do pick it up, he could earn another $750K based on his appearance total next season. Smith would make $50K apiece at 30, 35, and 40 appearances; $75K for 45 and 50 games; $100K at 55 and 60 appearances; and $125K each for 65 and 70 games. He owns a 3.48 ERA over parts of six seasons as a quality middle reliever for New York.

Philadelphia Phillies

José Alvarado, LHP ($9MM club option, $500K buyout)

Alvarado signed for two years and $18.55MM in new money on a deal covering the 2024-25 seasons. He has made $9MM salaries in each of the past two years and has a matching option with a $500K buyout. That’s a little below the market rate for high-leverage relievers, which Alvarado has proven himself to be.

Over parts of five seasons with the Phils, the lefty carries a 3.34 earned run average. Bouts of wildness have led to some inconsistency, but he’s shown the ability to miss bats at plus rates while throwing as hard as any left-hander in the sport. Alvarado’s 24.4% strikeout rate last season was oddly pedestrian, but he’s fanned nearly 30% of batters faced in his career.

He has been back at peak form to begin this season. He has punched out 18 of 56 hitters (32.1%) while allowing only three runs through 13 2/3 innings. Alvarado has collected five saves and a pair of holds without blowing a lead, and he’s operating with career-best control (3.6% walk rate). It’s tough to envision him continuing to throw this many strikes — he walked more than 10% of opponents in seven consecutive years leading up to this one — but he’s the Phils’ most trusted reliever right now. This is tending towards an easy pickup.

Matt Strahm, LHP ($4.5MM club/vesting option)

Shortly before Opening Day last year, Strahm preemptively signed a one-year extension covering the 2025 season. The lefty is making $7.5MM this year and has a club/vesting option for next season. It begins as a $4.5MM team option. The price would jump by $1MM apiece if he reaches 40, 50 and 60 innings pitched this year. If he hits 60 innings and passes a postseason physical, it vests at $7.5MM. It’s a straight vesting option, not one with an opt-out, so Strahm would return on a guaranteed deal if it triggers.

That’s a result with which the Phillies would probably be happy. Strahm turned in an excellent ’24 campaign, working to a 1.87 ERA while striking out a third of opposing hitters over 66 appearances. He has fanned 15 through his first 11 2/3 frames this year. Strahm has surrendered five runs, four earned, on 11 hits and four walks. His 91.8 MPH average four-seam fastball is down from last season’s 93.4 mark, which is a little alarming, but the results have been solid and he remains one of the more reliable setup options for skipper Rob Thomson.

Washington Nationals

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Matt Strahm Resumes Throwing, Questionable For Opening Day

By Mark Polishuk | March 16, 2025 at 3:39pm CDT

Phillies left-hander Matt Strahm was shut down for close to a week due to soreness in his throwing shoulder, but restarted his throwing progression this weekend. Scott Lauber of the Philadelphia Inquirer writes that Strahm threw from 90 feet yesterday and 75 feet today, and Strahm already feels like he is close to being ready for the Phils’ Opening Day roster.

Strahm said he felt discomfort in his shoulder early in camp, but nothing seemed amiss until his velocity was down during his second spring outing. An MRI revealed both inflammation and a bone bruise in his throwing shoulder, but no structural damage. After some medication and two examinations from the team doctor, Strahm was given the green light to resume throwing, and his shoulder was feeling good following the two long-distance games of catch this weekend.

It isn’t yet clear whether or not Strahm will be fully ready to pitch by the time camp ends, or if the Phillies could place Strahm on the 15-day injured list just as a precaution. Philadelphia’s early-season schedule could work against Strahm in this sense, as the Phillies have three off-days in the season’s first 12 days. As Lauber notes, a minimal 15-day IL stint would therefore translate to only nine missed games for Strahm, when also factoring the three days of backdating available on any IL placement.

The Phils aren’t likely to take any risks with Strahm, arguably the team’s key bullpen arm. Since coming to Philadelphia during the 2022-23 offseason, Strahm has been outstanding for the Phillies as both a fill-in starter in the first few months of the 2023 campaign and then as a shutdown reliever. Working exclusively out of the pen last season, Strahm delivered a 1.87 ERA, 33.3% strikeout rate, and 4.6% walk rate over 62 2/3 innings.

Even a fairly brief IL stint might have some impact on Strahm’s future contractual status. Initially signed to a two-year, $15MM contract, the Phillies were already impressed enough to sign Strahm to a new extension last March, locking him up for $7.5MM in guaranteed money this season, and a club option worth at least $4.5MM for 2026. That option vests at a $7.5MM guarantee if Strahm pitches at least 60 innings and passes a post-season physical, so missing nine games could hamper Strahm’s chances of hitting that 60-inning threshold.

Phillies Extend Matt Strahm

By Nick Deeds | March 24, 2024 at 10:08am CDT

The Phillies announced this morning that they’ve signed left-hander Matt Strahm to a one-year extension. The deal comes with a vesting club option for the 2026 campaign. The ACES client had been slated to hit free agency following the 2024 campaign. Per a report from MLBTR’s Steve Adams, the deal will guarantee Strahm $7.5MM in 2025, and the option will vest for that same amount if he pitches at least 60 innings in 2025.

Strahm, 32, signed a two-year, $15MM deal with the Phillies prior to the 2023 season. His first season in Philadelphia was a resounding success, as he posted a strong 3.29 ERA with a nearly-matching 3.24 FIP in 87 2/3 innings while splitting time between the club’s rotation and bullpen. While the southpaw held his own during his time in the club’s rotation with a 4.05 ERA in 33 1/3 innings, he was nothing short of dominant in relief as he posted a sparkling 2.82 ERA while striking out 30.1% of batters faced during that time. That led the Phillies to look for additional starting pitching depth this winter, in part so they could keep Strahm in a full-time relief role rather than swing him between the rotation and bullpen as dictated by injuries to the club’s starting staff. With the club’s offseason signing of right-hander Spencer Turnbull to act as a swing man, Strahm appears poised to have a bullpen-only role for at least the start of the 2024 campaign.

The deal makes plenty of sense for the Phillies, as the club stood to lose not only Strahm but also Turnbull and Jeff Hoffman from its relief corps this winter. By extending Strahm, they’ve fortified their bullpen for 2025 and perhaps 2026, allowing the lefty to join the likes of Jose Alvarado, Seranthony Dominguez, and Gregory Soto as a late-inning option for at least the next two seasons. It’s a bullpen mix that was incredibly productive for Philadelphia last year, as the club’s relief corps ranked seventh in the majors with a 3.58 ERA while the group’s fWAR was only bested by the Dodgers and Orioles.

Of course, the deal isn’t without risk on the part of Philadelphia. After all, Strahm has dealt with plenty of injuries through his eight years in the majors. The southpaw has a history of knee issues dating back to his time with the Royals back in 2017, when he underwent surgery on his left patella tendon. His knee issues lingered over the next several years and he underwent surgery once again as a member of the Padres in 2020, this time on his right patella tendon. Aside from that history of knee problems, Strahm has more recently dealt with a wrist issue that left him on the shelf for a month in 2022 while pitching for the Red Sox.

Even with Strahm’s injury history, landing a quality relief arm capable of pitching out of the rotation on a one-year guarantee is a smart move for a Phillies front office that has prioritized continuity this offseason, re-signing Aaron Nola to a seven-year pact back in November while extending ace Zack Wheeler on a three-year, $126MM contract earlier this month. Had Strahm produced similar results out of the bullpen this year as he did in 2023, it would’ve been reasonable to expect him to slot in towards the top of the left-handed relief market this winter alongside the likes of Tanner Scott and A.J. Minter. Teams looking for left-handed bullpen help this coming winter will now have one less option at their disposal, though those aforementioned names as well as veterans such as Aroldis Chapman, Matt Moore, and Brooks Raley all figure to be provide clubs will plenty of options.

The Phillies’ Bullpen Overhaul

By Anthony Franco | August 17, 2023 at 10:02pm CDT

For a few seasons, the Phillies’ primary concern has been the bullpen. Even last year’s pennant-winning squad succeeded largely in spite of a relief corps that finished the regular season ranked 23rd in ERA.

Philadelphia followed up its NL championship with an active offseason headlined by free agent deals for Trea Turner and Taijuan Walker. Those pacts have had mixed results in the early going, but Philadelphia has found more defined success in another area — a complete restructure of the bullpen.

Seven pitchers have thrown 30+ innings out of the ’pen for Rob Thomson on the season. Six of them were acquired since the start of last offseason. One of the offseason pickups, left-hander Andrew Vasquez, has since been designated for assignment and lost on waivers to the Tigers — though even he provided the Phils with 39 2/3 frames of 2.27 ERA ball before being cut.

Of the relievers currently on Philadelphia’s active roster, only Seranthony Domínguez was on the roster at this time a season ago. Some of that is by chance; José Alvarado is currently on the injured list and will surely reassume a high-leverage role when healthy. Yet it also hints at how aggressively the front office has turned things over.

It’s hard to argue with the results. Philadelphia relievers entered play Thursday ranked ninth in the majors with a 3.76 ERA. Their 24.9% strikeout rate ranks eighth. They’re in the bottom half of the league in blown saves. Philadelphia’s bullpen isn’t the best in the league, but it’s strong enough the front office went through deadline season without supplementing the group.

A look at some of the Phils’ bullpen upgrades since last winter:

Craig Kimbrel

Philadelphia rolled the dice on Kimbrel at a time when his stock was at a low ebb. The veteran righty is one of the best relievers of his generation, but his recent track record has been up-and-down. Kimbrel was excellent for the Cubs in the first half of 2021, struggled after a deadline trade to the White Sox, then had an average ’22 season with the Dodgers. While his 3.75 ERA through 60 frames last year wasn’t bad, the Dodgers were concerned enough about his performance down the stretch to leave him as a healthy scratch in the postseason.

The Phils guaranteed Kimbrel $10MM on a one-year free agent deal. They could hardly have expected better than the performance he’s turned in. Through 52 innings, he has a 3.12 ERA while locking down 19 of 21 save opportunities. Kimbrel has fanned an excellent 34.6% of opposing hitters after that mark dipped to 27.7% a season ago. He earned his ninth All-Star nod, has solidified the ninth inning, and is trending towards a more lucrative free agent trip next winter.

Matt Strahm

Strahm inked a two-year, $15MM free agent pact. He has been an effective and versatile piece of the pitching staff. Pressed into rotation duty early on by injuries, Strahm was solid over nine starts. He’s been downright excellent in his traditional bullpen role. The emergence of Cristopher Sánchez and deadline pickup of Michael Lorenzen should position Philadelphia to keep Strahm in relief for the rest of the year.

Over 40 1/3 frames as a reliever, the southpaw carries a 2.68 ERA. He’s stifling opponents to a .207/.248/.407 batting line, striking out 31% of batters faced against a tidy 5.7% walk rate. Hitters are swinging through 14% of his offerings. Strahm handles hitters from both sides of the plate and has worked multiple innings out of the ’pen on 13 occasions.

Jeff Hoffman

The most surprising name among this group, Hoffman wasn’t technically an offseason pickup. Granted his release by the Twins at the conclusion of Spring Training, he signed a minor league pact with Philadelphia during the first week of the regular season. The veteran righty spent a month in Triple-A before triggering an opt-out clause that required the team to either add him to the MLB roster or release him.

Philadelphia chose the former option. They’re unquestionably pleased they did. Playing on a prorated $1.3MM salary, Hoffman has turned in a career-low 2.86 ERA over 34 2/3 innings. He’s striking out over 33% of opponents after never topping a 23.6% strikeout rate in any prior season. Hoffman has completely overhauled his pitch mix. His average fastball speed is up to 97.1 MPH after checking in at 94.3 MPH with the Reds last year. More importantly, he’s leaned dramatically more heavily on a slider that has become one of the best weapons in the sport.

Among relievers with 30+ innings, just 12 are inducing whiffs at a higher rate than Hoffman’s 16.6% clip. After spending the better part of two months in mop-up work, Hoffman has deservedly pitched his way into higher-leverage innings coming out of the All-Star Break. At age 30, the former ninth overall pick is showing all the traits of an impact reliever. Only adding to the appeal: Hoffman will be eligible for arbitration next winter, so the Phils can affordably keep him around for another season.

Gregory Soto

Philadelphia’s highest-profile trade pickup of the offseason, Soto has had more mixed results than any of Kimbrel, Strahm or Hoffman. His 4.73 ERA through 45 2/3 frames isn’t eye-catching. The southpaw’s underlying marks are better than the ERA would suggest, albeit not quite what the Phils likely envisioned when sending Matt Vierling, Donny Sands and Nick Maton to Detroit.

Soto has struck out a decent but unexceptional 23.4% of batters faced. He’s gotten his walk rate to a career-low 9.4% clip and is picking up grounders on a solid 48.4% of balls in play. His production has been exceedingly platoon dependent, however. Left-handed hitters have a pitiful .100/.179/.183 line through 67 plate appearances, while righties have tagged Soto for a .279/.360/.396 clip in 125 trips. He’s a useful reliever, but it’s hard not to feel there’s still some untapped upside with a lefty whose sinker averages 98 MPH. Soto is making just under $4MM this season and eligible for arbitration twice more.

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The Phils have had other more modest additions as well. Yunior Marté, picked up in a January trade with the Giants, has contributed 35 mostly low-leverage innings. Despite average peripherals, he owns a 5.14 ERA. May waiver claim Dylan Covey was tattooed in his lone start of the year but has chipped in a 2.96 ERA through 24 1/3 innings of long relief.

While those are relatively minor contributions, the Phillies turned the bullpen from a potentially serious weakness to a decent strength in a matter of months. President of baseball operations Dave Dombrowski has faced criticism in prior seasons regarding the bullpens his front offices have put together. While it remains to be seen how this group will perform in October should the Phils hang onto a Wild Card spot, the regular season results have been quite strong — headlined by a pair of adept free agent pickups and hitting on one of the best minor league pacts of the season.

NL East Notes: Soroka, Sanchez, Garcia, Rogers, Phillies, Doolittle

By Mark Polishuk | May 27, 2023 at 9:49pm CDT

The Braves optioned Dylan Dodd to Triple-A today, creating a question about who might start against the Athletics on Tuesday during what was supposed to be Dodd’s next turn in the rotation. Whether Bryce Elder pitches on Monday or Tuesday, Atlanta will need another starter for one of those two games, and it seems possible that Michael Soroka might be on the verge of his return to the big leagues. Manager Brian Snitker downplayed the idea to Sarah K. Spencer of the Atlanta Journal-Constitution and other reporters, saying that Soroka was just one of “all options” the team was considering.

A decision will have to come relatively quickly, as Soroka is slated to start for Triple-A Gwinnett on Sunday. The right-hander has a 4.33 ERA, 23% strikeout rate, and 7.2% walk rate over 35 1/3 innings for Gwinnett this season, though one rough outing against Buffalo on April 30 (seven ER in three innings) somewhat skewed Soroka’s numbers. If Soroka does return against the A’s, it will mark his first MLB appearance since August 3, 2020, as Soroka has had his career interrupted for close to three years due to a pair of Achilles tears. It remains to be seen if Soroka can pitch anywhere near his 2019 All-Star form, but for an Atlanta team that will be without Max Fried and Kyle Wright for some time yet, the Braves would love to see Soroka at least eat some innings and stop a revolving door in the rotation.

Phillies Option Bailey Falter

By Anthony Franco | May 16, 2023 at 8:17pm CDT

The Phillies made a move on the pitching staff this afternoon, optioning southpaw Bailey Falter to Triple-A Lehigh Valley. Reliever Erich Uelmen was recalled to take the open active roster spot.

Falter was pushed into an unexpectedly important season-opening role for Philadelphia. Spring Training injuries to Ranger Suárez and top prospect Andrew Painter ensured Falter would open the year in the starting five. Falter had started 16 of 20 appearances last season, working to a 3.76 ERA in that capacity, so it wasn’t an unfamiliar role. The Phils seemed likely to push him into a depth role if everyone were healthy but the aforementioned injuries threw both Falter and Matt Strahm into the rotation behind Aaron Nola, Zack Wheeler and Taijuan Walker.

The 26-year-old Falter has had a rough first six weeks to the season. He’s surrendered a 5.13 ERA over 40 1/3 innings as his strikeout rate has dropped from 21.2% to 16%. His swinging strike percentage has had a correspondingly notable dip from 11% to 7.6% this season. Falter has thrown plenty of strikes and likely been a bit unlucky to carry a 58.1% strand rate over his first eight outings. He’s given up seven home runs, though — an issue throughout his career — and seen the marked drop in whiffs.

Falter gave up six runs in 4 1/3 innings against the Giants last night. They were all technically unearned because they came with two outs in an inning in which Bryson Stott had committed an error, but Falter allowed eight hits (including a longball) out of 22 batters faced. That was enough for the Phils to go in a different direction for the time being.

Suárez is back from the injured list to take the fourth rotation spot. Philadelphia has been using Strahm out of the bullpen of late despite his strong start to the year out of the rotation. Manager Rob Thomson said this evening that Strahm was not an option to start Sunday against the Cubs, when Falter’s turn through the rotation will come up (via Scott Lauber of the Philadelphia Inquirer). He could work multiple innings behind an opener or as part of a bullpen game, while Thomson hinted the organization could also select the contract of a pitcher who is not currently on the 40-man roster.

NL East Notes: Nola, Strahm, Suarez, Mets, Wright

By Simon Hampton | May 6, 2023 at 8:39am CDT

Phillies starter Aaron Nola will go into the off-season as one of the top available free agent pitchers, but Philadelphia’s expected to make a strong push to re-sign him, according to a report from the New York Post’s Jon Heyman.

It’s reported that the Phillies had at least some discussion with Nola this past winter about an extension, but their offer – which came in north of $100MM but south of the $162MM Carlos Rodon received from the Yankees – clearly didn’t get the job done. Heyman adds that Nola prefers a return to Philadelphia, and while 29 other teams could make a run at him in the winter, the Phillies will likely try again to keep him in town.

Nola’s off to a slower start than usual this year, working to a 4.64 ERA through his first seven starts, but has been one of the game’s most durable pitchers in recent seasons. He’s made more than 30 starts in every full season going back to 2018, and has compiled a very healthy 3.47 ERA in that time with above average walk and strikeout rates. As for this season, seven starts is not an insignificant sample size, and a slight drop in velocity in his fastball has seen his strikeout rate dip to just 19.2%, the lowest rate of his career.

As Alex Coffey of the Philadelphia Inquirer noted about a week ago, Nola is a slow worker and the pitch clock change has been a tough adjustment for him. In any case, it’s certainly too early to write off Nola based on seven starts and it’s worth noting that the bulk of the damage was done in his first three starts, and he’s averaging almost seven innings per start with a 3.29 ERA since then.

While there’s still a full season to play out, Nola’s track record should stand him in good stead to do well in free agency. While he may not possess the dominant stuff Rodon displayed in the past two seasons, his durability is far superior and as we see so often, that is a huge value add for starting pitchers. With that in mind, it’s unsurprising Nola seemingly wasn’t interested in a deal below Rodon’s $162MM.

Here’s some more notes from around the NL East:

Sticking with the Phillies to begin with, and they’ll move Matt Strahm back to the bullpen with Ranger Suarez expected to return to the rotation shortly, per Todd Zolecki of MLB.com. Strahm’s given the Phillies some solid value out of the rotation, making six starts and working to a 3.51 ERA – including three scoreless starts. That’s been hugely helpful to a Phillies rotation that’s been slow out of the gates, with Nola and Zack Wheeler sporting ERAs above four and off-season recruit Taijuan Walker sitting at 6.91. The return of Suarez from an elbow injury will be a welcome addition, particularly if he can continue the excellent work he put in last season, where he worked to a 3.65 ERA across 29 starts. The Phillies have made a slow start to the season, sitting 15-18 entering play Saturday and seven games adrift of the Braves in first place, so the return of players like Suarez and Bryce Harper will be critical to getting them back in the race for one of baseball’s more competitive divisions.
The Mets are one more team off to a slower than expected start, after another busy off-season they sit 17-16 entering play Saturday. That’s not concerning GM Billy Eppler though, who told reporters (including Tim Britton of The Athletic) that he still believes in this roster. “I believe in this team and the players that are here. There’s too much track record, there’s too much these guys have accomplished, there’s too much know-how,” Eppler said. While a 17-16 record is certainly not the end of the world, the Mets expected better and one focus might be the top of the team’s payroll, where some of their highly-paid stars are underperforming through the first month. Starling Marte is hitting just .219/.299/.286 while Max Scherzer has a 5.56 ERA, yet Eppler says he’s not concerned by either. The Mets also just welcomed back Justin Verlander from the IL, so his return to the rotation will provide a big boost as they look to keep up with the Braves.
Kyle Wright’s MRI revealed a right shoulder strain which the Braves will re-evaluate at a later date, per Justin Toscano of the Atlanta Journal-Constitution. There is currently no timetable for his return. After a breakout season in 2022 which saw him finish tenth in NL Cy Young voting, Wright’s struggled in 2023, working to a 5.79 ERA in five starts. It seems likely the shoulder played a part in that step back, given Wright dealt with shoulder problems during spring training, and started the season on the IL. That’s a blow for Wright, who made 30 starts and pitched to a 3.19 ERA last season. The Braves, at least, are in a good position to weather the loss of Wright, with Spencer Strider, Max Fried and Charlie Morton all well established arms in Atlanta’s rotation, and Bryce Elder enjoying a strong start to the season.

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