Tampa Bay Rays announced a major financial commitment for one of its best pitchers.
Sources told ESPN, “Right-handers Tyler Glasnow and the Tampa Bay Rays are on a one-year, $25 million contract extension. Glasnow, 29, was slated to reach free agency after the 2023 season. Tommy John underwent surgery. Upon his return the Rays will pay him $5.35 million next year,” tweeted ESPN’s Jeff Passon.
Right-handers Tyler Glasnow and the Tampa Bay Rays have agreed a one-year, $25 million contract extension, sources tell ESPN.
Glasnow, 29, was slated to reach free agency after the 2023 season. Ray will pay him $5.35 million the next year after he returns from Tommy John surgery.
— Jeff Passan (@JeffPassan) 26 August 2022
A salary of $25 million is expected to come in for the 2024 campaign.
The Rays, essentially, bought their first year of free agency.
For a secure $25 million floor and without knowing whether he will regain his form after surgery, it’s a good gamble for the player.
Glasnow may return before season’s end
After missing the entire 2022 campaign so far, Glasnow is progressing well towards a late-season return.
Right now, if he doesn’t face any obstacles along the way, he may return at the end of September.
Can he get in top shape in time for the Rays’ playoffs?
That remains to be seen, but if it does, it will be a huge win for the Rays.
They’re still a solid team, but you can tell they could use a pitcher like Glasnow in their staff.
He has faced his absence, as he doesn’t look as sharp as last year.
Glasnow is throwing live batting practice sessions, and the next step will be to head to a minor league rehab assignment.
Perhaps he could help the Rays in some capacity after the season, perhaps as a reliever.