A strong, healthy season would have positioned Giles as one of the top relief arms on the market, alongside Liam Hendriks, Blake Treinen and Alex Colome. Last winter, Atlanta signed Will Smith to a $40-million, three-year deal while Drew Pomeranz got $34 million over four from San Diego in free agency, so there was an opportunity for a significant payday, even amid all the pandemic-caused uncertainty.
Focusing on his recovery is certainly one way to accomplish that, limiting the financial impact to one year in a market that could be restrained by the economic fallout of COVID-19. At the same time, there have been a handful of creative contracts for pitchers just coming off Tommy John surgery in free agency that offer an interesting potential pathway for Giles.
In exchange for all that, the Blue Jays got a 2020 club option at $1 million that increased to $3 million if Phelps pitched in more than 30 games in 2019, $5 million if he appeared in more than 40, $7 million if more than 50, and $8 million if he reached the 50-game threshold along with 40 games finished. There was another set of bonuses determined by the number of games Phelps pitched in the first year.
Phelps ended up in 41 games between the Blue Jays and the Chicago Cubs, to whom he was traded at the deadline for Thomas Hatch, and the Cubs ended up declining his $5 million option. Still, the bonus structure ensured that Phelps would be fairly compensated for how much he pitched, while the club wouldn’t be on the hook financially if he wasn’t able to deliver.Ben Nicholson-Smith is Sportsnet’s baseball editor. Arden Zwelling is a senior writer.
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