Rangers win rights to Yu Darvish with record $51.7 million bid

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UPDATE: It’s official. The Rangers have confirmed that they won rights to Darvish.

11:10 PM: It’s all over.

According to Jeff Passan of Yahoo! Sports, the Rangers have secured exclusive negotiating rights for right-hander Yu Darvish with a record $51.7 million bid.

No official confirmation yet, but if true, it will top the $51,111,111 sum that the Red Sox paid for exclusive negotiating rights to right-hander Daisuke Matsuzaka back in November of 2006. They ended up agreeing to a six-year, $52 million contract.

The Rangers now have 30 days to work out a contract with Darvish. The 25-year-old right-hander is believed to be seeking a five-year deal in the range of $75 million, which could push the total investment north of $120 million. He is represented stateside by agent Arn Tellem.

Darvish went 18-7 with a career-low 1.44 ERA and a 276/36 K/BB ratio in 232 innings this season with the Hokkaido Nippon-Ham Fighters. Standing at 6-foot-5 and 185 pounds, he has a 1.99 career ERA over seven seasons in Japan.

The Rangers were considered one of the front-runners for Darvish all along, as general manager Jon Daniels scouted him in person this past season. If the two sides can work out a deal, Darvish will join a rotation which is set to include some combination of Derek Holland, Colby Lewis, Neftali Feliz, Matt Harrison and Alexi Ogando.

No word on how close the Blue Jays were to the Rangers’ bid, but it will be interesting to see where they go from here. They are loaded with prospects, so they could pursue either Matt Garza or Gio Gonzalez via trade. And who knows, perhaps they could make a run at free agent first baseman Prince Fielder.

Cubs sign Drew Smyly to a two-year, $10 million contract

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The Cubs announced on Tuesday evening that the club signed pitcher Drew Smyly to a two-year contract. Ken Rosenthal of The Athletic reports the contract is for $10 million total and allows Smyly to earn another $7 million with performance bonuses. Smyly was non-tendered by the Mariners at the beginning of the month and became a free agent.

Smyly, 28, underwent season-ending Tommy John surgery in late June. He’s expected to miss, at minimum, the first half of the 2018 season. The Cubs are hoping he can contribute to a playoff push in the latter half of the season as well as in 2019.

Smyly didn’t pitch at all in 2017. When he was healthy the season prior, he made 30 starts for the Rays and put up a 4.88 ERA and a 167/49 K/BB ratio in 175 1/3 innings.