Martin Perez was one of the biggest surprises of the 2022 MLB season. After a decade of solid but unspectacular performance, Perez enjoyed the best season of his career by far last year, making the All-Star team for the first time and finishing with a career-best 2.89 ERA.
Now he's a free agent, but the Texas Rangers would like to keep him for a while based on their initial offer.
Martin Perez Free Agency Rumors
It was reported late Wednesday night that the Rangers have offered the 31-year-old left-handed a two-year deal with an option for a third year. While dollar figures have not been revealed, the contract is likely in the $30-40 million range for both seasons combined considering that a one-year qualifying offer is worth $19.65 million this year.
Texas is expected to offer Perez a qualifying offer as well in the event that negotiations break down and he signs elsewhere, which would give the Rangers a compensatory draft pick if he leaves. That doesn't seem likely, however, as the two sides are apparently "not too far apart," according to reporter Jeff Wilson.
A multi-year deal would be a win for both sides. It would give Perez a substantial raise over last year's $4 million salary while also providing some stability after playing for three different teams in the past four seasons. Perez is also comfortable with Texas after spending eight of his 11 seasons there.
As for the Rangers, they'd get to keep their best pitcher at a relatively affordable cost. Compared to the contracts that Jacob deGrom, Justin Verlander, Carlos Rodon and others are expected to get this winter, Perez could look like a veritable bargain.