Dodgers agree to $136.5M extension with recently acquired ace

The Dodgers and Rays finalized the four-player commerce that may despatched right-hander Tyler Glasnow, outfielder Manuel Margot and $4M in money issues to Los Angeles in change for right-hander Ryan Pepiot and outfielder Jonny Deluca.  Information of the commerce first broke a few days ago, with the ultimate hurdle being the Dodgers’ potential to signal Glasnow to a contract extension.  That deal has now additionally been accomplished, with L.A. announcing that Glasnow has agreed to a brand new long-term pact value $136.5M.  Glasnow is represented by Wasserman.

As per the phrases reported by ESPN’s Jeff Passan, the brand new contract will see Glasnow earn $110M in new cash over the course of the 2025-28 seasons.  Glasnow was already slated to earn $25M in 2024 in accordance with the phrases of his prior contract with the Rays, and the brand new take care of L.A. breaks down as $90M in wage over the 2025-27 seasons, after which the Dodgers maintain a $30M membership possibility on Glasnow’s companies for 2028.  If the staff declines that possibility, Glasnow can train a $20M participant possibility for 2028.  Since Passan’s numbers solely add as much as $135M somewhat than the Dodgers’ introduced determine of $136.5M, that additional $1.5M has but to be accounted for, presumably a signing bonus or a bit of additional assured cash on one of many years.

Not like Shohei Ohtani’s $700M megadeal with the Dodgers from final week, Glasnow’s extension doesn’t include any deferred cash.  As such, will probably be completely portioned out onto the Dodgers’ luxury-tax payments based mostly on a $27.3M common annual worth over the following 5 seasons.  In keeping with Roster Resource’s calculations, Los Angeles has an estimated luxury-tax variety of roughly $253.7M for 202 — nonetheless underneath the $257M secondary CBT tier, because of all of Ohtani’s deferrals reducing his tax-related AAV to $46M per season.  Nonetheless, with numerous roster wants nonetheless be addressed, the Dodgers’ tax invoice might actually nonetheless strategy or exceed the following penalty tier of $277M between now and Opening Day.

Glasnow has been seen as a potential commerce candidate mainly for the reason that second he inked his earlier two-year, $30.35M extension with Tampa Bay in the course of the 2022 season.  Signed when Glasnow was recovering from Tommy John surgical procedure, the deal noticed $25M of the wage backloaded into the 2024 season, making it probably that the cost-conscious Rays would attempt to unload the right-hander beforehand.

The 30-year-old’s availability dovetailed with the Dodgers’ want for pitching this winter, because the Los Angeles rotation is filled with injury-related query marks (i.e. Walker Buehler, and presumably Dustin May at midseason), pitchers with out a lot large league expertise (Bobby Miller, Emmet Sheehan, Michael Grove, Gavin Stone), and a swingman in Ryan Yarbrough who could also be greatest suited to bullpen obligation.  Pepiot was one other member of that younger crop of arms, however he’ll now head to Tampa Bay as he enters his third season of MLB obligation.

In shifting Glasnow and Margot and factoring within the $4M in money issues, the Rays unloaded $33M value of wage for 2 gamers making the key league minimal, in a transfer paying homage to many budget-trimming, sell-high varieties of trades Tampa has turn out to be recognized for over time.  The Rays’ success price in these offers is nearly a cliche by this level, and has been a key issue within the staff’s potential to maintain fielding contenders, even when Tampa Bay followers have turn out to be weary of the staff’s continuous roster churn and perpetually low-spending methods.  Pepiot figures to step proper into the rotation spot left open by Glasnow, whereas Deluca is probably not assured a spot within the Opening Day outfield, however he’ll at the very least be a part of the shuttle heading backwards and forwards between Triple-A for the reason that outfielder has two minor league possibility years remaining.

The suitable-handed hitting Margot figures to maneuver right into a part-time position within the Dodgers’ outfield image, performing as a complement to the left-handed James Outman and Jason Heyward.  Margot has performed primarily as a middle fielder and proper fielder, thus lining up nicely with Outman and Heyward’s projected positions.  Mookie Betts shall be taking up because the Dodgers’ new on a regular basis second baseman in 2024, so it’s secure to guess that L.A. will goal so as to add extra outfield depth if Betts shall be spending most of his time on the grime.

Jack Azoulay-Haron of MLB Nerds and Bruce Kuntz of Dodgers Digest first reported the 4 principal gamers within the commerce.  Jon Heyman of The New York Post first relayed {that a} Glasnow extension was a chance. Jeff Passan of ESPN relayed that the deal was agreed to, contingent on the extension.  Marc Topkin of the Tampa Bay Times first relayed the Rays’ inclusion of the $4M in wage offset.

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