Nathan Eovaldi Returns to the Lone Star State on a Three-Year Deal

It looks like Nathan Eovaldi made the right decision. So far this offseason, the pitching market has been much hotter than projected, and as the Winter Meetings kicked into high gear in Dallas on Tuesday, that trend continued. The 34-year-old right-hander will not regret for a moment declining his $20 million player option with the Rangers. After signing a two-year, $34 million contract (plus that option) before the 2023 season, Eovaldi will remain in Texas on a brand new three-year, $75 million deal. That $25 million average annual value far outstrips the projections of $16 million by Ben Clemens, $20 million from our readers, and $22 million from MLB Trade Rumors. As Nick Deeds noted for MLBTR, Eovaldi is only the third pitcher in the past 15 years to sign a deal for more than two years that starts in his age-35 season or later.
Speaking of pitchers who are old enough to remember the band the Wallflowers, the Texas rotation features an awful lot of them. Eovaldi rejoins Jon Gray, Tyler Mahle, and Cody Bradford, along with whatever presumably small, magnificent portion of a season Jacob deGrom can provide. If you’re keeping track at home, the average age of those pitchers is 32.28 years. Bradford is the baby, as he’ll be a tender 27 when the season starts. Dane Dunning, who took a step back last season (and turns 30 the week after next), will also be available. The rotation could also get an infusion of youth from Kumar Rocker, who absolutely annihilated the minors and pitched well in three big league starts during the 2024 season, and Jack Leiter, who struggled mightily in nine big league appearances.
That might just be enough starting pitching depth to make it through the season, but – with the exception of free agents Andrew Heaney and Max Scherzer – the Rangers are running back a rotation that finished the season ranked 22nd in WAR and 21st in ERA, FIP, and xFIP. Even in their championship 2023 season, the Rangers ranked just 18th in all four of those metrics. And it’s not as if they’re obviously due for a huge bounce-back year. If that group is going to meaningfully improve, it’ll mean deGrom staying healthy and either Rocker or Leiter making that last big jump, and neither of those propositions is what you’d consider a sure thing. Eovaldi is a proven big-game pitcher with a 3.05 career ERA and a 9-3 record in the postseason. (Of course, if the Rangers hope to avail themselves of that skill set, they’ll need to go out and find approximately one entire bullpen’s worth of relievers, but that’s a conversation for a different day). Read the rest of this entry »