Kyle Finnegan Is Back in Washington

The 2024 season was a big one for Kyle Finnegan, or at least it started that way. On the strength of a 2.45 ERA and 25 saves, the Nationals’ closer made his first All-Star team (he finished the year with 38 saves, good for second in the National League). Yet he struggled in the second half, and in November, the Nationals non-tendered him rather than risk a trip through arbitration. On Tuesday — the same day I highlighted his continued free agency within this roundup — he returned to the fold nonetheless on a one-year, $6 million contract.
The deal, which is pending a physical and a 40-man roster move at this writing, is not yet official. Given that Finnegan made $5.1 million last year, the new contract constitutes about an 18% raise for the 33-year-old righty. However, in his annual projections for arbitration-eligible players at MLB Trade Rumors, Matt Swartz estimated that Finnegan would land a salary of $8.6 million, just shy of a 69% raise, because saves play well in arbitration. The view that Finnegan got something of a raw deal by this process is offset by the fact that he did get to test free agency a year ahead of schedule, only to find the market for his services limited enough to make a return his best option. Among the other 29 teams, the Cubs appeared to show the most interest.
Earlier this month, Nationals general manager Mike Rizzo told reporters that the team had kept in touch with Finnegan “throughout the offseason.” He likely lingered on the market because his profile and his performance both have some notable dings. Conceptually, Finnegan is basically a two-pitch pitcher, with a four-seam fastball that averaged 97.2 mph in 2024, and a splitter that has replaced his slider as his main secondary pitch over the past couple of seasons. By the pitch models, the fastball is about average, while the splitter is above-average but short of being a true plus pitch. He doesn’t miss a ton of bats, and while he generates a healthy share of groundballs, he gives up a lot of hard contact. Read the rest of this entry »