Phillies and Arrieta agree to new contract deal
Free agent pitcher Jake Arrieta and the Philadelphia Phillies agreed to a three- year, $75 million contract on March 6, 2018.
Arrieta will receive $30 million this year, and in 2019 and 2020 he will receive $20 million. In 2019, Arrieta has the right to terminate this deal if he would like.
Based on his stats in 2018 and 2019, the price could increase $5 million.
If Arrieta can place top five in the Cy Young award, the price would increase to $28 million, and if he places in the top three, the price would increase to $30 million, according to USA Today.
Last season Arrieta had a 4.67 ERA, but he finished 7-4 with a 2.26 ERA in his final 14 outings. Arrieta is known to be a durable pitcher. He has pitched 200 or more innings the past three seasons, and in 2015, he pitched a career-high 229 innings. That was also the year Arrieta won the Cy Young award, when he won 22 games and had a 1.77 ERA.
Arrieta helped the Cubs win the World Series in 2016. In his career with the Cubs, Arrieta is 68-31 with a 2.73 ERA.