Thursday September 28, 2023

Justin Verlander Latest Deal in MLB Pitching Contract Craze

  • Verlander's new Mets contract has the second-largest AAV ($43M) in MLB history.
  • That trails only new teammate Max Scherzer ($43.3M).
Justin Verlander speaking to media during a 2022 World Series press conference
Thomas Shea-USA TODAY Sports
Front Office Sports Today

Bucks Go All-In on Giannis Era

The Milwaukee Bucks altered the NBA by swinging a deal for Damian Lillard.
Listen Now
September 28, 2023 | Podcast
Copy Link
Link Copied
Link Copied

The allure of having elite starting pitching has MLB teams trending towards giving out unprecedented salaries.

On Monday, RHP Justin Verlander agreed to a two-year, $86 million contract with the New York Mets, per Jeff Passan.

Assuming the numbers are accurate, the $43 million average annual value is the second-highest in MLB history — trailing only the three-year, $130 million ($43.3M AAV) deal the Mets signed Max Scherzer to last December.

In fact, the four largest AAVs in MLB history have all been given out in the last three years — and all have gone to elite starting pitchers.

On Friday, the Texas Rangers made a splash by signing Jacob deGrom away from the Mets on a five-year, $185 million ($37M AAV) pact. In 2019, the New York Yankees locked up Gerrit Cole with a nine-year, $324 million ($36M AAV) contract.

How the Astros Won the World Series Without Breaking the Bank

The Astros won the World Series with underpriced talent.
November 6, 2022

At this point, Verlander — a three-time Cy Young winner — is used to the big bucks: The 39-year-old has earned almost $300 million throughout his career and has never signed a contract with an AAV lower than $25 million since clearing arbitration in 2013.

The Mets will be spending $120 million on Verlander, Scherzer, and Francisco Lindor’s contracts alone — already over 50% of this season’s $233-million luxury tax threshold. New York’s tax payroll for its projected Opening Day roster currently stands at $287 million.

Verlander’s arrival in New York will also be a reunion of sorts: He and Scherzer formed the core of the Detroit Tigers’ rotation when both were there from 2010 through 2014.

Copy Link
Link Copied
Link Copied

What to Read

Alabama hitter Jim Jarvis dives back into first safely on a pickoff play against Troy at Sewell-Thomas Stadium in Tuscaloosa, Ala., Saturday June 4, 2023, in the winners bracket game of the NCAA Regional Baseball Tournament.

Alabama Betting Scandal Figure Banned From Wagering in Indiana

The ban comes amid a crackdown on betting activity across college sports.

Oakland-MLB Relationship Devolves Into Next-Level Toxicity

Commissioner, mayor have very different accounts of July meeting

Diamondbacks Push For Public Help To Upgrade Chase Field

MLB club seeks public-private deal to improve aging ballpark

Savannah Bananas Break All The Rules To Hit The Mainstream

Team concludes 2023 tour with even-bigger plans for next year
podcast thumbnail mobile
Front Office Sports Today

Bucks Go All-In on Giannis Era


Featured Today


BioSteel Bankruptcy Shows Perils of Costly Sports Partnerships

BioSteel spent heavily on partnerships deals before bankruptcy.
Taylor Swift at Chiefs vs. Bears game.
September 27, 2023

Taylor Swift NFL Hype Likely To Continue Another Week

Swift could drive blockbuster TV ratings for NBC's "Sunday Night Football."
September 27, 2023

Lillard And Giannis Pairing Could Be Big For The NBA, Too

Bucks to be featured on national TV 19 times this season
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
Minnesota Twins short stop Carlos Correa shrugs after a bad call

Carlos Correa Caps Off Mets’ Unprecedented $800M Offseason

New York will spend $498M between payroll and luxury tax in 2023.
Minnesota Twins shortstop Carlos Correa shows a thumbs-up to bench
December 14, 2022

Carlos Correa, Giants Agree to Record Infielder Contract

Correa and San Francisco reportedly agreed to a 13-year, $350M contract.
Portuguese superstar Cristiano Rolando gives thumbs during World Cup match
November 30, 2022

Ronaldo Could Become Highest-Earning Athlete With Next Club

The contract with Al Nassr would have the largest annual salary ever.
October 14, 2022

Carlos Correa Opts Out of Bizarre Twins Contract

Correa's signed the three-year, $105.3 million pact with Minnesota in March.
September 20, 2022

Nathan MacKinnon Becomes Highest-Paid Player in NHL History

The Avalanche superstar's $12.6M AAV is the largest in league history.
September 19, 2022

49ers’ Jimmy Garoppolo To Make Extra $4.1M as New Starter

Garoppolo stands to make $350K for each win he notches as starter.
September 9, 2022

Ravens’ Lamar Jackson Fails to Get Fully Guaranteed Extension

Jackson will play the season on his $23M fifth-year rookie option.
September 1, 2022

Russell Wilson Will Earn Nearly $300M with Record Extension

The five-year, $245M extension is the largest in Broncos franchise history.