March 24, 2018

Main » Jake Arrieta signs multi-year deal with Phillies

Jake Arrieta signs multi-year deal with Phillies

12 March 2018

The Philadelphia Phillies got their long-coveted free agent starter Sunday afternoon in signing former Cy Young Award victor RHP Jake Arrieta to a three-year, $75 million deal that could max out at five years and $125-$135 million.

Both people spoke on condition of anonymity Sunday because the deal is pending a physical. USA Today's Bob Nightengale reported the news.

Jon Heyman of FanRag Sports reports that the Phillies are close to an agreement with free agent Jake Arrieta.

Arrieta is coming off four-plus strong seasons with the Cubs, which included a National League Cy Young Award in 2015.

There's always a significant risk investing big money over many years to starting pitchers, especially one like Arrieta who only has two seasons in his career with more than 170 innings pitched.

The 32-year-old Arrieta was among several top free agents who didn't get a contract for six or seven seasons in a changing market. It gives them long-term stability but also doesn't lock them into a bad deal as Arrieta heads into his late thirties.

Jacob deGrom made his long-awaited spring debut in the Mets'5-2 loss to the Astros. Luke Weaver pitched four ideal innings and struck out four in his third start for the Cardinals in a 4-3 win over the Nationals.

The deal is significantly shorter than what Arrieta hoped to receive on the free agent market, but once he conceded on his original asking price the Phillies aggressively moved forward. Jose Martinez had two hits, including a two-run homer, for St. Louis. Arrieta's deal nets him the cash he wanted but likely not the years, as he has been looking for a long term contract and settled for three years in Philly.

Jake Arrieta signs multi-year deal with Phillies