Free agent Stephen Strasburg agrees to 7-year, $245M contract

Gerrit Cole

Rob Carr Getty Images

Righty Stephen Strasburg will stay with the Nationals.

It's a deal that will likely be surpassed by fellow free agent Gerrit Cole here soon, as some Major League Baseball insiders noted.

If that's the case, it didn't take long for the Nationals to make their pick.

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Even more incredible, a contract worth upwards of $250 million would blow past David Price's current deal (seven years, $217 million) and that figure might only be the floor for Cole's contract.

Strasburg's deal of $35 million annually surpasses the previous high for a pitcher's contract, which was held by Zack Greinke after the right-hander signed a six-year contract worth $206.5 million ($34.4 million average) with the Arizona Diamondbacks following the 2015 season.

The agreement means Rendon's days in Washington are likely over.

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That could impact the Dodgers as they may be running in third place for Cole, but appear to have serious interest in Rendon. Cole, 29, is two years younger than Strasburg and is widely considered the prize player of the off-season. ESPN's Jeff Passan reported the deal is for seven years and $245 million. Cole and Strasburg share the same agent, Scott Boras.

Strasburg finished fifth in NL Cy Young voting past year after posting a 3.32 ERA and 3.25 FIP over 33 starts and leading the National League in wins (18) and innings pitched (209). He had met with the Dodgers and Angels. Reports have Cole with a similar contract offer in hand from the New York Yankees, but speculation now has the righty pushing at or near $300M over 7 or 8 seasons.

The winter meetings opened Monday in Strasburg's hometown of San Diego. He is 112-58 in 239 career starts with a 3.17 ERA. He was named World Series MVP as Washington beat the Houston Astros to win the championship in seven games.

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The postseason run made opting out of his contract an easy decision.

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