Toronto has made the first move toward retooling its starting rotation, reportedly resigning Marco Estrada to a two-year deal worth $26 million.
Estrada is 32 years old and coming off a career-best season, but also had just ~$10 million in combined career earnings before this offseason, and would have entered the market with draft pick compensation tied to him in a rich free agent class for starting pitching.
The move feels like a win for both sides. Estrada takes something of a middle ground between the risk of accepting the qualifying offer in lieu of guaranteed years and testing the market in hopes of cashing in on his 2015 with a long-term deal. In making the decision, Estrada likely considered the recent situations of similar pitchers like Kyle Lohse and Ervin Santana who went unsigned until March after being extended a qualifying offer and ultimately chose to avoid that possibility by staying with a team that should contend for both years of his contract, while getting to throw to Russell Martin, one of the game’s best catchers and one with whom he’s already familiar.
From the Blue Jays’ perspective, they return their most consistent pitcher from 2015 to a mostly depleted rotation, and fill one of potentially three open spots with a short-term deal at a completely reasonable price, leaving room for a higher-profile pitcher to slot above Estrada.
Zooming in just on Estrada, there seems to be a perception among some that, had any team signed him to a multi-year deal, they’d be taking a risk. After all, he’s still just one year removed from a replacement-level season in Milwaukee, and for a 32-year-old, he doesn’t have much of a track record to stand on. To the Estrada naysayers, his 2015 season was a fluke, propped up by a historically low BABIP and a career-low HR/FB% that helped hide his ever-declining strikeout rate.
However, I’m not so sure that’s the case.
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