Rangers Go Bargain Shopping for Pitching With Trade for Jake Odorizzi

The Rangers spent more than half a billion dollars in new free-agent contracts last year — by far the largest outlay in baseball — and wound up losing 94 games anyway. But while it was not a successful year by any stretch of the imagination, many of those long-term deals set the foundation for the roster as Texas attempts to exit a long rebuilding cycle. And with a solid, if expensive, core to build the lineup around, it isn’t hard to see where the major holes on the roster are: the pitching staff. Last year, the Rangers allowed 4.59 runs per game, 23rd in the majors, and their starters put up ERA- and FIP- marks of 119 and 111, respectively. With Jon Gray essentially the only established option written in pen for the rotation, they have a lot of work to do this offseason.
To that end, the Rangers acquired Jake Odorizzi from the Braves in exchange for Kolby Allard on Wednesday. Atlanta will be covering $10 million of Odorizzi’s $12.5 million salary in 2023 after he exercised his player option prior to being dealt. The unique two-year deal that he signed with Houston in 2021 included a number of performance bonuses and escalating clauses that pushed his player option from a base of $6.5 million to the current $12.5 million salary the Rangers will pay. Those escalators also increased the size of the buyout on his option from $3.25 million to $6.25 million. By meeting all of the thresholds and maxing out his potential salary, his decision to exercise his option became an easy decision. To make things even sweeter, his player option for ‘23 also includes a number of performance bonuses that could increase his total salary to a maximum of $15.5 million.
Odorizzi will be joining his sixth organization in his 12th season as a big leaguer. Over the last two years, he’s posted a league- and park-adjusted ERA (104) and FIP (107) just a hair over league average across 45 starts and 211 innings. These past couple of seasons have been a bit of a disappointment after what seemed like a breakout season back in 2019, when he put up career-bests in FIP, strikeout rate, and WAR. Unfortunately, a host of minor injuries cost him most of the shortened 2020 season and have prevented him from pitching a full season since then. Last season, with a healthy starting rotation full of better options, the Astros traded him straight up for Will Smith (the reliever) at the trade deadline. Read the rest of this entry »