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Rangers sign Martin Perez to contract through 2020

Nov 7, 2013, 3:45 PM EDT

martin perez getty Getty Images

Martin Perez‘s rookie season impressed the Rangers enough that they’ve signed the 22-year-old left-hander to a long-term contract.

Jeff Wilson of the Fort Worth Star Telegram reports that it’s a four-year deal worth $12.5 million in guaranteed money that also includes team options for 2018, 2019, and 2020. Perez was already under team control through 2018 anyway, so this pre-pays for the rest of his minimum-salaried and arbitration-eligible seasons while also giving the Rangers the ability to delay his free agency by two additional years.

It’s a lengthy commitment to a 22-year-old pitcher with all of 162 innings in the majors and Perez’s strikeout rate has been underwhelming since reaching Triple-A, but he’s long been considered one of the best pitching prospects in baseball and posted a 3.62 ERA in 20 starts as a rookie.

  1. pipkin42 - Nov 7, 2013 at 3:49 PM

    I wonder how big those options are, because that’s a pretty low AAV for his arbitration years.

  2. thebadguyswon - Nov 7, 2013 at 4:53 PM

    Absolute insanity. Wow.

  3. eightyraw - Nov 7, 2013 at 6:18 PM

    TR Sullivan reports: “Perez gets a $1 million bonus and a $750,000 contract for 2014. He gets $1 million for 2015, $2.9 million for 2016 and $4.4 million for 2017. His 2018 contract is for $6 million with a $2.45 million buyout. In 2019, it is a $7.5 million contract and a $750,000 buyout. In 2020, it is a $9 million contract and a $250,00 buyout.” http://trsullivan.mlblogs.com/2013/11/07/perez-contract-terms/

    Now how do we give Nolan credit for this?

  4. SimbaUno - Nov 7, 2013 at 6:55 PM

    Great move by the Rangers. He’ll be a solid 2/3 starter for years to come. I think the Rangers really got a deal here.

  5. mvd513 - Nov 7, 2013 at 7:49 PM

    Lenghty? But, risk free. Its a contract for a 22 yr old for 4 yrs @ 12 mil. If he’s anywhere above average, its an incredible bargain. He basically has to be 2 wins in 4 yrs for Texas to break even. The money is nothing.

    • pipkin42 - Nov 7, 2013 at 8:45 PM

      Yeah. Even if he blows out his shoulder on the first day of spring training and never pitches again they are out less than one year of what Ervin Santana is going to get, prorated out over the length of the deal and probably insured. Just a mind-bogglingly good deal for the club. I guess I can’t blame Perez. $12 million is life-changing money.

  6. NYTolstoy - Nov 7, 2013 at 9:28 PM

    seems like more teams are following the Rays contract negotiation tactics. This by no means is even a medium risk. If he does a decent job then its a great deal. If he’s great then its an amazing deal. If he’s terrible or worse it still not that big of a loss. Plus cant blame Perez for signing.You give me 12 million at age 22 I sign on the dot. Then Kiss the man and run naked on his lawn…wait a minute..I think I’ve said this,

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