The New York Yankees have agreed to terms with free agent starting pitcher Marcus Stroman, per reports. The deal is reportedly for $37 million over two years, with a third year vesting option for $18 million that is triggered if he throws 140 innings in 2025.
This is less than I think was expected for the 32 year old righthander. Stroman had a $21 million player option for 2024 with the Chicago Cubs that he declined to re-enter the free agent market. When we did our poll on signing Stroman, the projections had him at 3 years for $21-22M per year.
In what has seemed to be an overheated market for starting pitching this offseason, you would have guessed that Stroman would exceed those projections, but instead he’s getting one less guaranteed year and a lower AAV. There would appear to be some durability concerns after Stroman failed to reach 140 innings in each of the past two seasons, as well as the fact that he’s very small (5’7”, 180 lbs.) for a pitcher. Still, this feels kind of light.
This would seem to potentially bode well for the Rangers’ pursuit of Jordan Montgomery. The Yankees were one of the teams most prominently linked to Montgomery, whom they traded away at the 2022 deadline. While New York could still pursue Montgomery, it seems much less likely at this point.
Meanwhile, we continue to hear reports about Montgomery’s preference being to return to Texas, and Texas certainly could use Montgomery, given the state of their rotation. It may be that Montgomery and his agent, Scott Boras, are waiting for the Bally situation to resolve to see what Texas puts on the table before making a decision.