Matt Strahm Destroyed the Market. Now He’s Smashing Expectations

If Matt Strahm wasn’t on your radar before this season, I can’t blame you. The left-hander put up increasingly worse results during his four years with the Padres, culminating in a 2021 season lost to injury. He bounced back the following year as a solid middle reliever for the Red Sox, but even so, he was hardly a free agent to watch this winter. He only made headlines because the two-year, $15 million deal he signed with the Phillies was more lucrative than anyone expected for him; an unnamed executive claimed that the contract “destroyed the market” for left-handed relievers.
A few years back, though, Strahm was a top-100 prospect and the most promising name in the Royals’ system. He earned his first feature here at FanGraphs in August 2016 in a piece that called him “a new relief weapon.” He was marvelous that season, posting a 1.23 ERA and 2.06 FIP across 22 innings for the reigning world champs. A year later, he earned another look from the FanGraphs staff, this time as the headlining return in the Trevor Cahill trade between the Royals and Padres. The summer after that, Strahm was once again the star of a FanGraphs story, this one about his work as an opener. Travis Sawchik looked at Strahm’s success and wondered if “Hader Lite” was an appropriate nickname. That’s high praise, indeed.
All this to say, Strahm isn’t just some guy, no matter how much his new nickname (Pastrami, i.e. “Pa-strahm-i”) makes him sound like the manager of an old-time Brooklyn deli or a kid from The Little Rascals. At the same time, he hasn’t been particularly relevant for several years, and as he entered his age-31 season, you might have thought the former top prospect was done making headlines.
Six games into his Phillies career, Strahm demands attention. He ranks 10th among National League pitchers (min. 20 IP) with a 2.31 ERA and among the top 10 in all the major ERA estimators: FIP, xFIP, xERA, and SIERA. The only other NL pitchers who can say the same are Spencer Strider, Zac Gallen, and Max Fried — arguably the early-season frontrunners for the National League Cy Young. Read the rest of this entry »