Lerner said the Nationals could not “afford” both stars. Rizzo knew how important it was for ownership, and for him, to make that happen as soon as possible. One of Strasburg’s contractual demands was for Nationals Park to stay open for him all offseason, so he could make the short drive from his winter home and pump out his routine in the weight room. Seven-year deals for a pitcher, even more risk,” Rizzo said Monday. “And, again, the resources have always been there, so I don’t expect that to change.”. He mentioned, repeatedly, that Lerner has always given the front office the resources needed to compete for a title. His career earnings will come out to just over $361 million when this contract ends. Stephen Strasburg contract In typical Nationals fashion, the team deferred $80 million of Strasburg's $245 million contract in an effort to preserve payroll flexibility in the short term. Hey, is that a 12-foot copy of the Nats’ World Series trophy on a boat? In 2020, Strasburg will earn a base salary of $35,000,000, while carrying a total salary of $35,000,000. The 31-year-old exercised the opt-out clause in his contract shortly after the World Series. It’s a record for both annual average value and total value for a free agent pitcher. A person close to Strasburg said he has been doing that since mid-November, another indication that his heart was always set on returning to the Nationals. When asked whether the Strasburg deal took the Nationals out of the running for Rendon, Rizzo did not give a definitive answer. “The mutuality, the intentions were there, so that allowed us to reach a deal rather quickly.”. Rendon is looking to be the game’s highest-paid third baseman, and that would mean passing an average annual value of $32.5 million. Troy Taormina-USA TODAY Sports The Nationals and starter Stephen Strasburg have agreed to a seven-year deal, the club announced Monday. Heading into negotiations, Strasburg’s agent, Scott Boras, was looking to use Max Scherzer’s seven-year, $210 million contract as a starting … The deal includes a full no-trade clause, no opt-outs and no options, according to a person with knowledge of the terms. Ryan Zimmerman makes his plan clear: Re-sign with Nationals or ‘play some more golf’. The total value of the contracts for those four is right around $604 million. He had four years and $100 million remaining on what was a seven-year, $175 million extension. It is now quite realistic that Cole approaches or perhaps even exceeds $300 million in total value. Boras knew how important it was for Strasburg to stay put. The contract is the largest ever for a pitcher in both total and average annual value ($35 million). According to MLB Network’s Jon Heyman, Washington is willing to give Strasburg an annual raise to surpass his $25 million salary and the two sides are expected to work on a new deal … They won a title by spending big on their starting rotation. The Nationals always wanted to move fast with Strasburg, knowing his landing spot would dictate the rest of their winter. After six weeks of speculation, and a few more hours of it in Strasburg’s hometown of San Diego, Rizzo wouldn’t have much to say. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Flipboard (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), According to Bob Nightengale of USA TODAY Sports, Per Jared Diamond of The Wall Street Journal. That means he will be paid $15 million for seven years, a total of $105 million. Jon Heyman reports that the Nationals have re-signed free agent starter Stephen Strasburg. And while they sprinted past that deal, after Strasburg became the first pitcher to go 5-0 in a postseason, the deferrals are close to those in Scherzer’s deal. Strasburg side’s comps: teammate Scherzer (210M, 7 yrs) Greinke (206.5M, 6). The threshold is set at $208 million, and indications are that the Nationals would prefer to stay under it. “When you look at those comments and then you look at the structure of this particular deal and the structure of deals we’ve had getting up to where we are right now, I think that Mark realizes that there’s ways to fit players in, there’s ways that you can field a championship-caliber roster,” Rizzo said. But such a concentrated investment may mean cutting costs elsewhere. SAN DIEGO — What it took to bring back Stephen Strasburg, the reigning World Series MVP and the pitcher who kick-started the Washington Nationals’ slow rise to relevance a decade ago, was a record-breaking contract on the first day of Major League Baseball’s annual winter meetings. Heading into negotiations, Strasburg’s agent, Scott Boras, was looking to use Max Scherzer’s seven-year, $210 million contract as a starting point. “There is always a risk with seven-year deals. Nationals managing principal owner Mark Lerner recently said that his team can’t afford to bring back both Strasburg and free agent third baseman Anthony Rendon, so the Strasburg signing seems to also imply that Rendon is headed for greener pastures. Reporter covering the Washington Nationals. It’s clear Strasburg is targeting a deal worth $30-plus million annually and he’ll almost certainly get it. During the past regular season, Strasburg led the National League with 18 wins and 209 innings pitched while compiling a 3.32 ERA and racking up 251 strikeouts opposite only 56 walks. And we made a commitment to him, and he made a commitment to us.”, Svrluga: Strasburg's contract — and how it's viewed — shows how far he has evolved. According to the report, Strasburg’s representatives could target a deal similar to those signed by Max Scherzer’s seven-year, $210 million deal and Zack Greinke’s six-year, $206.5 million deal. It also helped that Rizzo could skip some steps in the typical free agent process and that he knows, better than any other GM, what Strasburg provides. According to Bob Nightengale of USA TODAY Sports, $80 million of the total value of the contract is deferred, in true Nationals fashion. Stephen Strasburg signed a 7 year / $245,000,000 contract with the Washington Nationals, including $245,000,000 guaranteed, and an annual average salary of $35,000,000. By signing up you agree to our Terms of Use and Privacy Policy. That approach never wavered, even after Strasburg decided to test the open market, and that led General Manager Mike Rizzo to take a significant leap. Strasburg opted out of the final four years and $100 million of his previous contract with the Nationals and used a career year, and a standout postseason, to get an additional three years and $145 million. What mattered Monday, before Rendon’s free agency plays out and before the Nationals decide to chase him or look elsewhere, was that Strasburg could be in Washington for the rest of his career. He expressed love for Rendon, a player who, like Strasburg, was drafted and developed by the Nationals. Strasburg’s contract will have a major effect on free agent starter Gerrit Cole, as he is expected to fetch more than Strasburg. Nats want to keep Strasburg and word is they are willing to give him a nice annual raise from $25M per year. The defending champion Nationals brought back starter Stephen Strasburg, the reigning World Series MVP, on a record seven-year, $245 million contract. Strasburg, 31, opted out of his previous contract with the Nationals last month. [Update: Per Jared Diamond of The Wall Street Journal, $80 million is deferred with interest, which won’t affect the present-day value.]. It also has deferred money, a hallmark of big contracts drawn up by the Nationals under the Lerner family. There is also interest on the deferrals, according to another person with knowledge of them, to lessen the impact on the contract’s total value. That’s how Strasburg’s deal directly affects the Nationals’ chances of retaining all-star third baseman Anthony Rendon. He shined in the postseason, limiting the opposition to nine runs on 30 hits and four walks with 47 strikeouts across 36 1/3 innings. Now coming off a championship celebration and a postseason in which he posted a 1.98 ERA with a 5-0 record and 47 strikeouts in 36.1 innings. In a recent television interview, Lerner said the Nationals could not “afford” both stars. Half of Scherzer’s deal is deferred to the seven years following the end of the contract. Per ESPN’s Jeff Passan, the deal is for seven years and $245 million. It was a position of need, it was a player we identified and wanted, and we knew him better than maybe any other player in the league. The Nationals and Strasburg agreed to a seven-year, $245 million deal, multiple people with knowledge of the situation said Monday, that will keep Strasburg in Washington, with the only franchise he has ever known, until the end of his age-37 season. Former Houston Astros ace Gerrit Cole is expected to surpass both of those numbers this offseason, but Strasburg still projects as the highest-earning pitcher in major league history. There is concrete evidence of that now. The Nationals’ priority has been starting pitching, and Strasburg’s return keeps intact a rotation that features him, Scherzer, Patrick Corbin and Aníbal Sánchez. By opting out, Strasburg fetched an extra three years and close to $145 million. Deferred money means the Nationals will spend less in the moment — and possibly the future, depending on the interest — but it does not soften the competitive balance tax (CBT) hit. The most important news stories of the day, curated by Post editors and delivered every morning.
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