Monday, April 13, 2020

Jake Odorizzi’s Impending Payday


Prior to the 2020 season the Minnesota Twins needed to shore up their starting rotation. Rather than giving Jake Odorizzi a multi-year contract they handed him a qualifying offer. Agreeing to the $17.8MM deal may have left something on the table, but new developments mean Odorizzi could be in an interesting spot.

We have no idea what baseball is going to look like this year, or whether it will look like anything at all. Make no mistake, Major League Baseball will get creative to capture some of those revenues, but ultimately the season could be lost. With the agreement between the league and MLBPA that would mean Odorizzi becomes a free agent once again.

Going into 2021 the Twins could not extend Jake a qualifying offer. He’d have no draft pick compensation tied to him, and he’d be free to negotiate with any other organization. It’s one thing to say he’d be coming off a 3.51 ERA 3.36 FIP and career best 10.1 K/9. That’s a bit disingenuous though given then numbers were posted back in 2019. The 2020 season is and was an opportunity for substantiation, and should it not be played it’d be fair to wonder what true value actually is.

It would be foolish to suggest that Odo wasn’t an already solid pitcher prior to the season he had in making his first All-Star Game. In seven big league seasons he had posted a 3.95 ERA 4.22 FIP and 8.3 K/9. With a 102 ERA+, he was just slightly above average, but right in the general consensus of what you’d expect from a mid-rotation arm.

You aren’t paying $20MM per season for what Jake Odorizzi was, but you’d certainly pay that for the 29-year-old’s performance, and what you hope lies ahead. Now he’ll be 31 in 2021 but that obviously comes with the caveat of a full season having been spared in terms of mileage. Projecting forward is definitely an exercise that teams will need to be both bought into and have a general consensus as to what expectations will be.

I think Minnesota saw the qualifying offer as a likely acceptance from the former Rays arm, and it always made sense for them to go down that path first. They could have pursued a long-term deal had he denied it but saving themselves future risk made sense as a first course of action. Should they be pushed into a long-term scenario a few months from now, I’d also wager it’s a pact they’d likely make.

Derek Falvey and Thad Levine have pushed the Twins chips into a win-now mode of sorts. Kenta Maeda and Josh Donaldson are both stars on the opposite side of 30. Failing to continue pairing them with an overall talent level near the top of the big leagues doesn’t seem indicative of the current direction. Odorizzi could certainly have a hefty price tag should he be able to renegotiate a lengthier deal, but Minnesota already has helped him to take the next step and keeping him hear to make an even greater one seems sensible.

Maybe Odo will never receive the $17.8 million payday he agreed to for the season hanging in the balance. He should be in line for an even greater sum, and while there will be plenty of projecting it’s value, the Twins would seem wise to be a destination for him.