The 28-year-old is entering his third and final year of arbitration eligibility. MLB Trade Rumors projects Tillman to earn $10.6 million for the 2017 season, after which he can become a free agent.
Tillman finished the 2016 season with a 16-6 record, a 3.77 ERA, and a 140/66 K/BB ratio in 172 innings. Aside from a poor 2015, Tillman has been a quality starter for the Orioles over the past several years. However, the Orioles will also at some point have to think about extensions for outfielder Adam Jones, third baseman Manny Machado, and closer Zach Britton as well.