No $200 Million Deal for Jake Arrieta

(Photo: Arturo Pardavila III)
The combination of a Cy Young award, a strong postseason track record, a relatively low total of innings thrown, and a history free of major arm injuries was supposed to carry Jake Arrieta to a nine-figure free-agent deal this winter. Agent Scott Boras was said to eye Justin Verlander‘s $180 million extension and Max Scherzer’s $210 million free-agent contract as ballpark figures for and templates for Arrieta. But in a winter during which the hot stove’s pilot light went out, the 32-year-old righty didn’t come anywhere close to landing such a megadeal. Instead, he settled for a three-year, $75 million contract with the Phillies, albeit one with some bells and whistles that could make it considerably more lucrative.
Via FanRag Sports’ Jon Heyman, Arrieta will make $30 million in 2018 and $25 million in 2019, before having a chance to opt out. If he doesn’t opt out, he’ll make $20 million in 2020. If he does opt out, the team has the option to override that by triggering a two-year extension at a minimum of $20 million per year, with incentives (whose exact parameters are unknown at this writing) based on 2018-19 games started that could take those years to $25 million, and further incentives based on Cy Young finishes that could take them to $30 million. The maximum deal becomes five years and $135 million.
Nobody is going to weep for Arrieta, but based upon the guaranteed money, it does appear that Boras overplayed his hand. In early January, USA Today’s Bob Nightengale reported that the Cubs, for whom Arrieta pitched from mid-2013 through 2017, were willing to bring Arrieta back via a four-year deal “for about $110 million,” which represents a higher average annual value ($27.5 million) than he ultimately got, unless one simply assumes he’ll opt out without the Phillies overriding. A month ago, just before they closed a six-year, $126 million deal with Yu Darvish, the Cubs reportedly circled back to Arrieta with a similar offer. As he had done when the team tried to secure him via long-term extensions in 2016 and 2017, Arrieta declined.

