Published: Tue, December 10, 2019
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Gerrit Cole could sign record-breaking eight-year, $280 million deal

Gerrit Cole could sign record-breaking eight-year, $280 million deal

We had heard rumblings that the San Diego Padres were not even going to meet with Stephen Strasburg at this week's Winter Meetings, and after seeing what he signed for, now we know why.

The $245 million surpasses the seven-year, $217 million deal David Price signed with the Boston Red Sox in December 2015 that was the richest contract a pitcher has received in Major League Baseball history. Now, the bidding war and demand for the All-Star pitcher is so intense that he could land an eight-year deal worth upwards of $280 million.

After helping win the first World Series title in the 51-season history of the Montreal/Washington franchise, Strasburg gave up $100 million he had been guaranteed from 2020-23 as part of a $175 million, seven-year contract he agreed to in May 2016 and became a free agent. Currently, Houston Astros pitcher Zack Greinke holds the record at $34.417 million.

ESPN's Jeff Passan reported that Strasburg - the reigning World Series Most Valuable Player - and the Nationals have reached an agreement on a seven-year contract worth $245 million. Of course, they will face plenty of competition from the Los Angeles Angels and Dodgers, who are among the favorites to sign Cole.

It feels like the Nationals outbid themselves with Strasburg in order to bring back their former first overall draft pick and World Series hero ... and I really can't blame them for that.

Managing principal owner Mark Lerner publicly stated last week he didn't believe the organization could afford to re-sign both Strasburg and Anthony Rendon.

He went 18-6 with a 3.32 earned-run average and 251 strikeouts during the 2019 regular season.

In five postseason starts and one relief appearance, Strasburg was 5-0 with a 1.98 ERA.

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