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Diamondbacks Sign Jordan Montgomery – MLB Trade Rumors

Diamondbacks Sign Jordan Montgomery - MLB Trade Rumors

March 29: The Diamondbacks have made it official, announcing Montgomery’s signing today, adding that Montgomery has been optioned to Triple-A Reno. Players with more than five years of service time can’t be optioned without their consent, but the lefty presumably agreed to be sent down so that he could get in some work after missing Spring Training while unsigned. The lefty is targeting April 19 for his first start with the Snakes, per Nick Piecoro of the Arizona Republic.

March 26: The Diamondbacks and left-hander Jordan Montgomery are reportedly in agreement on a one-year, $25MM pact. The deal includes a $20MM vesting player option for the 2025 season, with Montgomery earning the ability to opt out if he starts at least ten games in 2024. Montgomery’s option will vest at $20MM if he makes ten starts, with an additional $2.5MM added to the option upon reaching 18 starts and 23 starts during the 2024 season. The deal is pending a physical.

The deal brings to a close a lengthy free agency for Montgomery, who defeated the Diamondbacks in the 2023 World Series alongside the Rangers just five months ago. Arizona will be the 31-year-old’s fourth team in the past three seasons. Montgomery’s free agent odyssey dragged on longer than anyone could have reasonably anticipated heading into the offseason, when he was widely expected to command a long-term, nine-figure contract. The 2023-24 offseason, however, will be one remembered as an oddity, given the stark number of clubs dealing with uncertainty regarding their television broadcast rights — Montgomery’s incumbent Rangers among them — and about a third of the league facing luxury-tax concerns of some degree.

All of that combined to limit the market for Montgomery and other top-tier free agents, although the left-hander’s lofty asking price on the heels of a career-year punctuated by postseason heroics surely didn’t do him any favors. Even as late into the offseason as early March, the left-hander and agent Scott Boras were reported to be seeking a six- or even seven-year deal. A six-year deal under conventional market circumstances early in the offseason might’ve been attainable, but this offseason’s market simply didn’t bear that. The nature of this new contract with the D-backs will allow him the opportunity to take another bite at the free agent apple next offseason, with some added insurance in the form of a player option that safeguards against a late-season injury.

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