Arrieta will become the Phillies' second big free-agent signing this winter. No word yet on the length or total value of the reported deal. It naturally did not happen. The Philadelphia Phillies have won the Jake Arrieta sweepstakes, agreeing on a 3-year deal.
The free agent ace and the Philadelphia Phillies have reached agreement on a three-year contract, two people familiar with the decision told The Associated Press. Many people will believe this to be quite a massive contract at $25 million per season; however, with the pitching market seemingly dried up, it's a contract that makes sense. USA Today's Bob Nightengale reported the news. So, in the final tally, they spent $169 million this winter on Arrieta, Santana and relievers Pat Neshek and Tommy Hunter, all free agents.More news: Toys 'R' Us considering closing United States stores
Arrieta spent close to five seasons with the Cubs, racking up a 68-31 record with 793 strikeouts and a Cy Young award.
There's always a significant risk investing big money over many years to starting pitchers, especially one like Arrieta who only has two seasons in his career with more than 170 innings pitched. Arrieta adds some stability to the rotation and will serve as a stabilizing force in an otherwise young clubhouse.More news: Megan Markle's secret baptism with water from Jordan River
It remains to be seen if Arrieta will be ready in time to join the Phillies rotation to start the season. Since Arrieta turned down a qualifying offer with Chicago, the Phils will need to surrender their second best draft pick if they want to sign Arrieta, as well as $500,000 from their global signing bonus stockpile.More news: Muhammad Wilkerson finishes visit with Packers, will visit other teams