The deal is for $34 million over two years and includes a Best Player option for a third year, sources told ESPN’s Jeff Passan earlier in the day. Contract performance bonuses can further increase the veteran’s total value.
If Iovaldi hits 160 innings pitched per season in 2021, bonuses could reach up to $3 million a year. Also, the player’s options include, from 2023 to 2024 if he pitches 300 innings, in 2025 he will have a $20 million option, plus he will have a $3 million bonus. There is a provision that it will occur. All in all, his maximum deal is three years and he’s $63 million.
Eovaldi has potential for multiple roles after starting in the bullpen for the Boston Red Sox last season. In fact, he was Boston’s Opening Day starting pitcher, finishing the season with a 3.87 ERA and 103 strikeouts to his 6-3 record.
Eovaldi, who turns 33 in February, joined the Los Angeles Dodgers in 2011 and went 1-2 with a 3.63 ERA. He pitched for the Miami Marlins, the New York Yankees, and the Tampa Bay Rays before moving to the Reds in 2018, helping him win the World Series that year.
Last season, his fifth in Boston, was interrupted by an injury. He left the active roster on June 9 with hip inflammation and did not return until mid-July.
His best season in Boston was 2021, when he went 11-9 with a 3.75 ERA and 195 strikeouts. His career-high number of wins (14) came in 2015 with the Yankees.
Even before Iovaldi’s signing, the Rangers were redoing their rotation this offseason. Earlier this month, they agreed to terms of a two-year deal with free agency starter Andrew Heaney shortly after signing Jacob deGrom to a five-year deal.The staff also includes Jon Gray, Jake Odorizzi and Martin Perez. I am joining.
Texas went a different direction last season, adding a high-profile offense to its mix. The Rangers spent his $500 million matching middle fielders Corey Seager and Marcus Semien, and he finished 68–94 in the American League West.