Rangers sign Derek Holland to five-year, $28 million deal

3 Comments

Derek Holland and the Rangers have agreed to a five-year, $28 million contract that includes team options for 2017 and 2018, according to Jeff Wilson of the Fort Worth Star Telegram.

Holland wasn’t even arbitration eligible yet and Texas had him under team control through 2015 already, so the five-year contract cancels out his previous minimum-salaried deal for 2012, pre-pays for all three arbitration seasons, and buys out his first season of free agency while giving the Rangers options on his second and third free agent years.

Holland emerged as a top prospect after being a 25th-round pick in 2006 and established himself as one of the league’s best left-handed starters last year at age 24, throwing 198 innings with a 3.95 ERA and 162/67 K/BB ratio while calling an extreme hitters’ ballpark home.

Early last year Trevor Cahill and Clay Buchholz both signed five-year, $30 million contracts while having similar service time to Holland. He has just one full season in the rotation and currently sports a modest 4.73 career ERA thanks to an ugly debut as a 22-year-old in 2009, but if he stays healthy the Rangers will be plenty happy with the investment to control Holland through age 31. And now Holland is set for life, so he can focus solely on pitching and mustache growing.

UPDATE: According to Richard Durrett of ESPN Dallas the option years are worth $11 million in 2017 and $11.5 million in 2018, so the total value of the contract could rise over $50 million for seven seasons.

Angels acquire Jabari Blash from the Yankees

Alex Goodlett/Getty Images
3 Comments

The Yankees announced on Wednesday that the club traded outfielder Jabari Blash to the Angels in exchange for a player to be named later or cash considerations.

Blash, 28, was acquired by the Yankees from the Padres back in December in the Chase Headley trade. In trading Blash to the Angels, the Yankees were able to free up a spot on the 40-man roster for Brandon Drury, the infielder they acquired as part of a three-team trade with the Diamondbacks and Rays on Tuesday.

Over parts of two seasons in the majors, Blash has hit an underwhelming .200/.323/.336 in 279 plate appearances. He will try to play his way into a bench role for the Angels this spring.