Rays Extend Jeffrey Springs – MLB Trade Rumors

Rays announce they have signed left-hander jeffrey springs for a four-year contract extension. The southpaw will be guaranteed $31MM during the course of the deal, but also has incentives and a $15MM club option for 2027, along with a $750K buyout. If Springs hits all incentives and the Cy Young Award escalators and picks up the club option, he’ll earn $65.75MM over five years. The exact details of those incentives and escalators are not known. He will earn a salary of $4MM this year, $5.25MM next year, then $10.5MM over the next two seasons. Springs was set to reach free agency after 2024, so if they trigger that option, it could allow the Rays to secure him for three additional seasons.

Springs, 30, has had a unique baseball journey. A 30th-round draft pick of the Rangers, he drew little praise from prospect evaluators in his first few professional seasons. Although he got some rotation work for a few years, the Rangers used him exclusively in relief in 2018 to good results. He tossed 56 2/3 innings between Double-A and Triple-A that year. A 4.13 ERA might not sound very impressive, but it certainly was boosted by a .438 batting average on balls in the game. He kept his walk rate to a reasonable 8.1% while striking out an incredible 41.7% of batters he faced. He made his MLB debut that year, throwing 32 innings in 18 starts with a 3.38 ERA.

He took a step back in 2019, missing a few months with left biceps tendinitis and posting a 6.40 ERA. Texas designated him for assignment going into 2020 and then traded him to the Red Sox Sam Travis, The change of scenery did not help Springs get back on track, as he posted a 7.08 ERA in the abbreviated 2020 campaign. He was designated for re-assignment and then flipped with the Rays. chris mazza for possibilities ronaldo hernandez And Nick Sogard,

It appears that the step up was needed for Tampa, as their results have completely turned around since then. He recorded a 3.43 ERA over 43 appearances in 2021, striking out 35.2% of batters he faced while walking only 7.8%. In 2022, he started in the bullpen, but as the season progressed, the club began to pull him into a starter. He responded well to the change, eventually throwing 135 1/3 innings with a 2.46 ERA, 26.2% strikeout rate, 5.6% walk rate, and 40.9% ground ball rate.

After a few years of turmoil and struggle, it’s no big surprise that Springs jumped at the opportunity to lock up some life-changing wealth here. He reached mediocrity for the first time in 2022, but only made $947.5K, slightly more than the $700K league minimum. He was pitched for a $3MM jump this year by MLBTR contributor Matt Swartz, though he and the club did not come to an agreement before the filing deadline earlier this month. He put up a figure of $3.55MM while the Rays filed at $2.7MM. Instead, he’ll earn $4MM and lock in some eight-figure salary for the foreseeable future.

As for the Rays, they clearly believe that Springs is capable of continuing as an effective starter, although there is some risk here. Spring 2022 had excellent results but it’s still only one season, and it wasn’t perfect either. As mentioned, Springs began the year in the bullpen and was not promoted until late May. He also went on the injured list for a couple of weeks in July due to right lower leg stiffness. Concerns aside, the Rays have enough faith in Lefty that they’re willing to bet on him.

For a low-spending team like the Rays, expansion is an important part of keeping talent on the roster. Since they typically don’t make purchases at the top of the free agent market, they have to keep people around by locking them up before they get closer to the open market and increase their earning power. In recent years, he has given extensions to players like Kevin Kiermaier, blake snell, brandon lowe, wander franco, manuel margot And Tyler GlasnowNow Spring is adding them to that list.

This won’t have a huge impact on the club’s 2023 payroll, but will add some nice commitments in 2025 and 2026. The club now has three players from the pre-season with Franco and zach aflin On the books there with a club option for Lowe’s. In exchange for putting all that money on the table, the Rays have arguably the most rotation stability they’ve had in years. Recent seasons have seen them rely on bullpen games and openers to get them through a season, but they now have Springs, Glasno, Eflin, drew rasmussen And Shane McClanahanwith depth options like cunt chirino, luis patino And Josh Fleming, Most of that group are still in their pre-arbitration years, giving the club years of tenable control. Neither of them is set for free agency after this year and Glasnow is now the only set to hit the open market after 2024. Taj BradleyJoe ended up in Triple-A last year and could make his debut this year.

Mark Topkin of the Tampa Bay Times first reported four years ago deal and many Description, Joel Sherman of the New York Post The year-by-year salary breakdown was the first.

Image courtesy of USA TODAY Sports.

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