• Blog
  • Press
  • About
  • Blog
  • Press
  • About
Cover Those Bases

Orioles restructure deal with Yovani Gallardo

2/24/2016

0 Comments

 
Picture
Updated on Wednesday, Feb. 24: The Orioles and Gallardo have restructured their contract, according to Roch Kubatko of MASNSports.com and Jon Heyman of MLB Network. 

Under the new deal, Gallardo will make $22 million over two seasons, a $13 million drop in guaranteed cash. He has a chance to earn $11 million more with a team option for a third season. If Gallardo earns all possible money, he will make $33 million. 

Updated on Tuesday, Feb. 23: Physical exam issues with Gallardo have caused the deal to hit a snag, according to media reports. There is uncertainty as to whether the deal will be completed. 

The Baltimore Orioles have agreed to sign right-handed pitcher Yovani Gallardo, Jon Heyman of MLB Network reported Saturday. 

Gallardo and the Orioles have agreed to a three-year, $35 million deal, per Heyman. The deal includes a club option for a fourth season for $13 million, according to SB Nation's Chris Cotillo with a buyout of $2 million. 

Some of the money in Gallardo's deal will be deferred. 

This means that his $35 million guarantee won't be paid all over the three seasons of the contract. The Orioles will continue to pay Gallardo after he reaches free agency again. This lowers the present-day value of the deal due to inflation rates. 

The completion of a deal for Gallardo ends an offseason-long saga.

He was given a qualifying offer by the Texas Rangers at the conclusion of the World Series. Gallardo rejected it, and he was then tied to draft pick compensation. Like many free agents, this deterred teams from wanting to strike a pact. 

The Orioles have been in advanced discussions with Gallardo for some time now, as they were reportedly close to signing him on Feb. 10. 

Besides the Orioles, Gallardo also received the most interest from the Rockies and Astros, but the latter ducked out of the sweepstakes after signing Doug Fister. Colorado was thought at one time to have been close to a deal, but it obviously never crossed the finish line. 

All things aside, Gallardo adds some much-needed depth to Baltimore's 2016 rotation. 

He is projected to be pitching alongside Ubaldo Jimenez, Chris Tillman, Miguel Gonzalez, and Kevin Gausman in the rotation come Opening Day. 

The 29-year-old Gallardo was 13-11 with a 3.42 ERA in 184 1/3 innings pitched with Texas last season. He posted a 121 to 68 strikeout-to-walk ratio, good for a 4.00 FIP and a 4.31 xFIP. According to FanGraphs, he was worth 2.5 Wins Above Replacement.

Over his career, Gallardo has a 3.66 ERA, 3.74 FIP, and 3.65 xFIP in nine Major League seasons with the Brewers and Rangers. 

​--Devan Fink

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    RSS Feed

    Categories

    All
    Angels
    Astros
    Athletics
    Blue Jays
    Braves
    Brewers
    Cardinals
    Cubs
    Diamondbacks
    Dodgers
    Giants
    Indians
    Mariners
    Marlins
    Mets
    Nationals
    Orioles
    Padres
    Phillies
    Pirates
    Rangers
    Rays
    Reds
    Red Sox
    Rockies
    Royals
    Tigers
    Twins
    White Sox
    Yankees

    Follow @CoverThoseBases
    Picture
    Follow @DevanFink

    Archives

    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    May 2013
    April 2013
    March 2013
    February 2013
    December 2012
    November 2012

Proudly powered by Weebly
Photos used under Creative Commons from Keith Allison, Keith Allison