Justin Verlander
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Report: Astros extend Justin Verlander for two years, $66 million

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The Astros are in agreement with right-hander Justin Verlander on a two-year, $66 million extension, Mark Feinsand of MLB.com was among those to report on Friday. With no money deferred, the $33 million he’ll receive over the next two years will set a record AAV for major-league pitchers; something MLB Network’s Jon Heyman says matters to Verlander, who “cares how his deals affect markets (and fellow players).”

While it’s far from the five-year, $100 million extension teammate Alex Bregman signed with the club on Friday, the deal will give the Astros a bigger window to consider their long-term plans for the ace before he hits free agency again. Prior to Saturday’s agreement, Verlander’s original contract — the hefty seven-year, $180 million arrangement he reached with the Tigers in 2013 — was set to expire at the conclusion of the 2019 season.

It’s difficult to overestimate the value Verlander has provided to the Astros since they acquired him from the Tigers back in 2017. He was named the 2017 ALCS MVP following seven shutout innings in a must-win Game 6 performance and helped the Astros clinch their first franchise World Series title. In 2018, he earned his seventh career All-Star distinction and received consideration for both AL Cy Young and MVP awards after pitching to a 16-9 record in 34 starts with a 2.52 ERA, 1.6 BB/9, 12.2 SO/9 (the product of a career-high 290 strikeouts), and 6.7 fWAR over 214 innings.

The deal has not been confirmed by the team.

Brewers sign Freddy Peralta to a multi-year deal

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Ken Rosenthal reports that the Milwaukee Brewers have agreed to a five-year $15.5 million deal with pitcher Freddy Peralta. There are two club options as well, which would nearly double the overall value of the contract if exercised.

Peralta, who turns 24 in June, has amazing stuff. He has struggled so far, having posted a 4.79 ERA in 163.1 major league innings across two seasons, but people who follow him closely believe that he’s primed for a breakthrough. For now he’s a reliever — he’ll likely be a multi-inning fireman for the 2020 season — but he has was mostly a starter in his rookie year before assuming swingman duties last season. He could become one again if things break right in his development. Sort of a Brandon Woodruff track.

If that happens the Brewers will, quite obviously, have a bargain on their hands. If not, at least Peralta has some security on his.