June 22, 2021

Stephen Strasburg stays with Nats on $245M deal (ESPN)

Stephen Strasburg and the Washington Nationals have reached agreement on a seven-year deal, the team announced. Sources told ESPN’s Jeff Passan that the value of the deal is a record-setting $245 million.

That deal surpasses the previous high for a pitcher’s contract, set by David Price when he signed a seven-year, $217 million deal with the Boston Red Sox. Strasburg also has the highest annual average value, eclipsing Zack Greinke‘s $31.5 million. Both records might not last long, with former Houston Astros right-hander Gerrit Cole drawing interest.

Strasburg’s deal has $80 million in deferred money — about $11.4 million a year. The deferred money is payable from 2028-30.

“We are very excited to welcome Stephen Strasburg and his family back to the Washington Nationals,” Nationals owner Mark D. Lerner said in a statement. “His tremendous talent, work ethic and leadership have been a staple of our organization since the day we selected him in the 2009 MLB Draft. We would not have won the 2019 World Series or accomplished everything we have these last 10 seasons if not for Stephen’s many contributions.”

Strasburg, who opted out of the final four years of his contract with the…

Read “Stephen Strasburg stays with Nats on $245M deal” at ESPN