The Red Sox made one of the biggest trade acquisitions of the winter, landing Garrett Crochet from the White Sox for four prospects. Boston apparently has interest in keeping their newly-acquired southpaw for the longer term.
Chris Cotillo of MassLive reports that the Red Sox and Crochet’s camp at CAA have had at least preliminary discussions about a long-term deal. Tomorrow is the deadline for teams and arbitration-eligible players to exchange filing figures on salaries for the 2025 season. That doesn’t preclude the sides from continuing to negotiate, but it stands to reason they’ll attempt to hammer out a deal to avoid an arbitration hearing for this year.
Crochet is coming off his first full season as a starting pitcher. His early-career injuries and usage out of the White Sox’s bullpen limited his arbitration earnings. MLBTR contributor Matt Swartz projects the southpaw for a $2.9MM salary. He’s controllable for one additional year and is on track to reach free agency after his age-27 season.
For the next two seasons, Crochet should offer immense surplus value. He turned in top-of-the-rotation numbers on a rate basis last year. Crochet worked to a 3.58 earned run average with a massive 35.1% strikeout percentage. Chicago limited his workload within starts down the stretch. He finished the season with 146 innings despite taking all 32 turns through the rotation. Boston presumably won’t have any qualms about fully unleashing Crochet in his second season as a starter.
Crochet’s contract status was a key issue heading into last summer’s deadline. The southpaw seemed an obvious candidate to move as the ace of a team that was headed to the worst season in modern history. Chicago held onto him instead, in large part because his camp indicated he wanted an extension to pitch into October. To be clear, there’s no indication that Crochet would take that stance again now that he has a full season under his belt. At the time, ESPN’s Jeff Passan wrote that the asking price would’ve been above nine figures. Passan noted that Crochet’s camp could compare him to Tyler Glasnow, who signed for four years and $110MM in new money on his extension with the Dodgers.
It’s not a perfect comparison. Glasnow was one year from free agency and had banked significantly greater earnings. Crochet is an extra season away. However, Crochet’s second half probably pushes his asking price higher than where it had been at the deadline. He finished the year healthy and is a few months closer to free agency. Even last year’s capped innings tally is above Glasnow’s career high of 134 frames in an MLB season.
Jacob deGrom holds the record for the largest extension for a pitcher with between four and five years of service time. deGrom secured $120.5MM from the Mets covering his age 32-35 seasons. That was an anomaly, as deGrom was a late bloomer but was coming off a Cy Young season. Crochet would certainly look to top more recent precedents like Pablo López’s $73.5MM deal with the Twins and the $71.5575MM in new money which Mitch Keller got from Pittsburgh last spring. A four- or five-year term would seem the most likely midpoint if the sides can reach an agreement. That’d allow the Sox to buy out two or three free agent seasons while Crochet would still have an opportunity to cash in as a free agent at 30 or 31.