Alex Cobb and Orioles finalize $57M, 4-year contract
(AP Photo/Chris O'Meara, File)
SARASOTA, Fla. (AP) Alex Cobb's comfort and familiarity with the AL East was the deciding factor in his decision to sign with the Baltimore Orioles.
"They used the AL East and the success I've had in it to their advantage," the 30-year-old right-hander said Wednesday after finalizing a $57 million, four-year contract. "They kept challenging me with it and I love the challenge of pitching in this division and they know that over the times we talked. They did a really good job of making me feel like this is where I need to be."
Cobb gets $14 million in each of the first three seasons and $15 million in 2021, and he would earn a $500,000 bonus in each year he pitches 180 innings. Baltimore will defer $6.5 million from this year's salary and $4.5 million in each of the next three seasons.
He gets $2 million of the deferred money on Nov. 30, 2022, and $1.8 million annually on Nov. 30 from 2023-32. If he doesn't pitch at least 130 innings in 2020, an additional $5.25 million of the final's year salary would get deferred, payable $1.75 million annually on Nov. 30 from 2033-35.
Cobb has a full no-trade this year, then can list 10 teams from 2019-21 that he cannot be dealt to without his consent.
He had spent his entire six-season big league career with Tampa Bay and was the last big-name starting pitcher available in a slow-moving free agent market. He joined Andrew Cashner and Chris Tillman, who were signed last month, in a revamped rotation that includes holdovers Dylan Bundy and Kevin Gausman.
Cobb was 12-10 with a 3.66 ERA in 29 starts last season. He pitched 179 1/3 innings in his first full year back after missing nearly two seasons because of Tommy John surgery.
He had turned down the Rays' $17.4 million qualifying offer in November, and Baltimore pursued him from the start of free agency.
"They didn't stop bothering me the whole offseason," Cobb said. "They were very persistent, and I think that you notice that confidence they have in you just by the way they speak to you and the questions you ask and not questioning anything that's gone on. Everyone's got flaws that they come with and potential things you could really harp on that might not be your strong suit, but they never went down that avenue. They always told me how much they like certain aspects of what I do on and off the field, and just kept repeating how well I fit in here."
Cobb is 48-35 with a 3.50 in six big league seasons. Baltimore will lose its third-highest draft pick, currently No. 51, and the Rays get an extra selection after the first round as compensation.
Jose Mesa Jr. was designated for assignment Wednesday to clear a roster spot.
Baltimore opens on March 29 at home against Minnesota, but Cobb won't be ready to pitch then. He has agreed to be optioned to a minor league affiliate to help build up innings.
"I'm going to be pushing it as quick as I can," Cobb said. "That's going to be up to them. They've invested in me for a four-year period and as much as we know how much every game matters even early in April, we're going to have to look out for the overall future of this whole thing and whole contract and whatever they determine to be the way to protect me and my feedback from the bullpens I'm going to be throwing here in the next few days will probably determine the timeline."
Notes: The Orioles optioned RHP Hunter Harvey, who was scheduled to start Wednesday against the New York Yankees, to Double-A Bowie.
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Updated March 21, 2018