A Second Act in Texas Has Made Martín Pérez a First-Time All-Star

As free-agent signings go, you could be forgiven for having missed Martín Pérez’s return to the Rangers. His agreement to a one-year, $4 million deal happened amid a flurry of signings in mid-March, just after the lockout ended, and the transaction even slipped through the cracks in our coverage. That will happen for a guy who’s been knocked around while bouncing around, but in his return to Texas, the 31-year-old lefty has pitched his way onto the AL All-Star team, making him the longest-tenured major leaguer from among this year’s first-time honorees.
The honor is well-deserved. In 106 innings thus far, Pérez has pitched to a 2.72 ERA (71 ERA-) and 3.07 FIP (76 FIP-). His FIP ranks fifth in the AL, and his ERA and 2.3 WAR both rank sixth. Already, all of those numbers represent career bests, including his WAR, which matches his total from 2016. At that time, Pérez was just 25 years old but already in the post-hype phase of his career.
The Rangers originally signed Pérez out of Venezuela on July 2, 2007, via a $580,000 signing bonus. As a 17-year-old he held his own against college draftees in the Northwest League in 2008 and made prospect lists in each of the next five seasons as the team looked to his arrival, hopeful that he could help further the Rangers’ run after back-to-back pennants in 2010 and ’11. The hype was intense. As Jamey Newburg, who has covered Rangers’ prospects dating back to the late 1990s, wrote for D Magazine in June, after splitting his 2009 season between Low-A and Double-A stops, “[H]e flashed unnatural confidence for a teenager, a willingness to throw any pitch in any count. Baseball America tabbed him as the 17th-best prospect in baseball, third among left-handed pitchers (behind Brian Matusz and Madison Bumgarner and ahead of Aroldis Chapman). His feel for the craft and unassuming build triggered comparisons to the likes of Ron Guidry and Johan Santana.” No pressure, kid!
Pérez debuted as a 21-year-old in 2012 and spent part or all of the next six seasons with the team, but the hopes that he would develop into a homegrown ace faded as he battled injuries (including 2014 Tommy John surgery) and a hitter-friendly ballpark. In his time in Texas, he pitched to a 4.63 ERA (103 ERA-) and 4.44 FIP (103 FIP-), totaling 8.6 WAR. The Rangers signed him to a four-year, $12.5 million extension in November 2013, one that included club options for the ’18–20 seasons, but after picking up the first one, they had seen enough, declining his $7.5 million club option for 2019 and paying him a $750,000 buyout.
After reaching free agency, Perez signed modest one-year deals with the Twins and Red Sox, the latter twice; each of those deals included a club option that the team subsequently rejected as well, with Boston giving him what amounted to a 23% pay cut to return for 2020. Though his nomadic stretch began with a very solid first half for Minnesota in 2019, his second-half fade sent him packing. Last year, he pitched his way out of the Red Sox rotation and into its bullpen for the final two months of the season. For those three years, he pitched to a 4.88 ERA (106 ERA-) and 4.75 FIP (107 FIP-) and 2.8 WAR, with his 2021 numbers — a 4.74 ERA (105 ERA-) and 4.82 FIP (114 ERA-) in 114 innings — suggesting that he would be in for more of the same in 2022, though not necessarily with a contender.
To the Rangers, even those unimpressive 2021 numbers represented an improvement upon most of their returning options. While bigger names such as Clayton Kershaw and Carlos Rodón spurned the team’s advances to sign with contenders, just before the lockout Texas landed Jon Gray via a four-year, $56 million deal to head the rotation. Pérez was added in the post-lockout frenzy in the belief that he still represented not only a potential improvement but also a possible mentor for a young staff. “We want a guy with some experience, that’s been through some ups and downs in the big leagues and does things the right way,” said manager Chris Woodward at the time. “That would be probably more beneficial than anything they’ll do on the field to be honest with you. But the next part of that would be the expectation to compete on the field. Obviously we want to bring in somebody that’s gonna be good and that’s gonna pitch quality innings for us.”
Pérez has more than lived up to expectations for the Rangers already, not only with his performance but also, as Newburg reported, with his mentoring of several minor league hurlers. The 6-foot, 200-pound southpaw has never been a pitcher who has missed a ton of bats, and he isn’t suddenly doing so now; though his 19.7% strikeout rate represents a career high, it’s still 1.7 points below the rate of the average starter this season. That said, he’s coupled a slight increase in strikeouts (from 19.1%) with a slight drop in walk rate (from 7.1% to 6.0%), and so his 13.8% strikeout-walk differential is not only a career high, but also nearly double his 7.0% mark from 2012 to ’21. Read the rest of this entry »