Jan. 7: Martin’s deal with the Rangers guarantees him $5.5MM, Robert Murray of FanSided reports. Murray adds that Martin turned down more money from other clubs to return to his hometown club for what’ll be the final season of his career. WEEI’s Rob Bradford reports that the Red Sox were one team that made a more lucrative offer.
Jan. 6: The Rangers announced the signing of veteran reliever Chris Martin to a one-year deal. Financial terms remain unreported. Martin is represented by ISE Baseball. Texas designated Matt Festa for assignment to open a 40-man roster spot.
Martin, an Arlington native, heads home for what’ll likely be his final season. The 38-year-old righty said in September that he’s 95% confident he’ll retire after 2025. That’s not because of a dip in effectiveness. Martin remains a capable high-leverage arm and is coming off a strong two-year run in Boston.
The Red Sox inked Martin to a $17.5MM free agent deal over the 2022-23 offseason. It was a bit of a gamble considering his age, but the nine-year MLB veteran made good on that investment within one season. Martin turned in a dazzling 1.05 earned run average across 51 1/3 innings in 2023. He earned a couple down-ballot Cy Young votes in the process.
Last season was more good than dominant. Martin worked to a 3.45 ERA while throwing 44 1/3 innings. He had a brief injured list stint related to anxiety in the middle of June. Martin also missed a month with elbow inflammation between early July and the first week of August. He returned with 10 innings and only one earned run over the next couple weeks before allowing six runs in eight September frames.
Martin was almost certainly not going to manage an ERA around 1.00 in consecutive seasons. His strikeout and walk profile actually improved last year. He fanned 27.8% of batters faced after running a 23.1% strikeout rate in 2023. Martin cut his already pristine walk rate from 4% to a career-low 1.7% clip. He’s arguably the best strike-thrower in the majors. No pitcher with at least 100 innings over the last three seasons has issued walks at a lower rate than Martin (2.6%).
Over his two seasons with the Sox, Martin managed a 2.16 ERA across 95 1/3 innings. He has found success at every stop since returning from a stint in Japan between 2016-17. That includes a previous run in Texas. The Rangers were the team that gave Martin a chance during the 2017-18 offseason. He combined for 79 2/3 innings of 3.84 ERA ball before being traded to the Braves at the 2019 deadline.
Texas has loaded on up on short-term additions to fix a bullpen that could lose each of Kirby Yates, David Robertson, José Leclerc and José Ureña. They’ve signed Shawn Armstrong, Jacob Webb and Hoby Milner on one-year contracts worth $2.5MM or less. Texas also brought in southpaw Robert Garcia from Washington in the Nathaniel Lowe trade. While finances on Martin are unreported, it’s fair to assume he’ll be the most expensive of Chris Young’s bullpen acquisitions to this point. Still, there’s limited downside with a one-year deal.
Martin is the most experienced of the Texas relievers. He has worked in a setup capacity throughout his career and has never saved more than four games in a season. It’s unclear if the Rangers plan for him to close or will use him in leverage spots. Yates and Robertson have far more closing experience and are still free agents. Whatever the role, Martin adds much needed stability to a bullpen that might still be the team’s biggest question.
Texas signed Festa, 31, to a minor league deal last season. The Rangers selected his contract in August. He made 18 appearances over the final six weeks, working to a 4.37 ERA across 22 2/3 innings. The righty had made a brief appearance for the Mets earlier in the year. He has spent the bulk of his career with the Mariners, with whom he posted a 4.32 ERA in 89 outings over four seasons. Texas will have five days to trade Festa or place him on waivers.
Image courtesy of USA Today Sports.
Francys01
Great signing by the Rangers.
Champ world champion Texas Rangers
Best reliever in baseball in 2023 and over the last five years he’s been elite elite.
Clofreesz
Jeff Hoffman and Emilio Pagan for me for 2023. But Second-Half Ryan Brasier and Sam Moll were absolutely disgusting.
LordD99
Uhh, no. He’s not #1
Champ world champion Texas Rangers
I said in 2023 he was with a 1.05 in 52 Innings
Ignorant Son-of-a-b
That’s one way to look at the world as a glass half full thru rose-colored spectacles.
Jesse Chavez enthusiast
Why would you do that? That is such a cold play!
davidrocholl
This is a good signing by the Rangers, pending the $amount, as long as it doesn’t surpass $5M
YankeesBleacherCreature
He made 8 and 9.5 the last two years. I’ll bet the way over.
Ignorant Son-of-a-b
I don’t think it’s ever ideal to have to purchase a complete entire bullpen over the course of an offseason.
Fever Pitch Guy
YBC – Hope you didn’t bet too much ;O)
YankeesBleacherCreature
Hometown discount strikes again!
Champ world champion Texas Rangers
5.5 million lol
rememberthecoop
5M? Of course it’s going to be over that. I bet it’s twice that amount.
Fever Pitch Guy
Coop – Martin will be 39, coming off a season filled with injury and severe anxiety issues, ERA more than tripled, and he gave up all his leverage to play close to home.
It was the perfect recipe for a much lower salary, although I didn’t expect it to be only $5.5M.
StraxusD
This aged well.
Champ world champion Texas Rangers
5.5?
TrillionaireTeamOperator
If you think a pitcher like this is only getting $5M when relievers who’ve been injured and coming off 5.48 ERA’s are getting like 1 year/$13M or 1 year/$15M, you are not living in reality or you are not paying attention.
For a pitcher to get 1 year/$5M right now they’d have to be down to the Pirates as their only suitor or they’d have to be a favorite player for a high payroll franchise, and they have not pitched in 2 years and 3 seasons ago they had a 7.35 ERA in just 20 innings of work, or something like that.
$5M… that’s like someone suggesting minimum wage should go back to $2.50 / hr with less than 20 hours a week guaranteed in California.
Poppin' Balls
Hyperbole alert!
CGG12
Bet you’re re-thinking things a bit, huh Trillionaire?
whyhayzee
Local guy near retirement. Good pickup.
Ranger Danger19
Ok but still need a 9th inning guy
Clofreesz
Kirby Yates is still available. So is Jeff Hoffman.
RunDMC
Hoffman seeking that rotational spot (and money). I doubt he’ll want a closer’s gig unless he’s overpaid. Now or never for him to get a chance to start. You’d think a team could get creative in a deal that allows him a shot at the rotation or an opt-out if he hits certain thresholds.
rememberthecoop
They should trade for Ryan Pressley. Houston doesn’t need him with Hader, and he has closed before Astros would just need to throw some cash into the deal to offset that 14M salary.
Clofreesz
Pressly had a down year last year and I don’t want to take my chances on him.
Ranger Danger19
That’s not happening boss
fathead0507
Astros can take taveras for the OF loss of Tucker
Monkey’s Uncle
Bucs may be taking offers for Bednar.
DonOsbourne
Be patient. Ryan Helsley will be available at some point, probably well before the trade deadline. He is nasty and motivated going into free agency. The Cardinals will give him away for pennies on the dollar because………well, it’s Mo.
Fever Pitch Guy
Don – I think Helsley will command a nice return before the deadline. Inevitably there will a key bullpen injury to a contending team, or failed experiment like the Red Sox Closer By Committee, that will motivate teams to want Helsley.
Every year relievers more than any other position are traded at the deadline, the market will be there.
Poolhalljunkies
Tanner scott can pitch the 9th
GabeItch
Only Clocks will tell how much he got paid
Rsox
Good for Martin. Was solid for the Sox and maybe playing at home will help with the anxiety
Fever Pitch Guy
Rsox – Having a much better defense behind him and a good catcher should also help with the anxiety.
Rsox
True
phony ternandez
Let’s Talk about why you’re so upset
TrillionaireTeamOperator
Based on his last two seasons and his previous AAV and the current market it’s gotta be something like 1 year/$10M minimum and could be as much as 1 year/$12.5M
Red Sox fan Eric
Unlikely he took hometown discount from what rob Bradford said. Red sox offered more.
TrillionaireTeamOperator
Yeah. Heck, I was being conservative. I really thought it could be $13M to $18M for one year, but I wanted to sound sane and logical… but $13M to $18M on a one year deal really is pretty normal this off season.
Champ world champion Texas Rangers
Try 5.5
Monkey’s Uncle
I think you’re just afraid of word play… that’s right, I said you’re Yellow!
deweybelongsinthehall
Funny while this site says financial details are not available, another says he turned down more money from Boston to return home (no state income tax also likely factored into it).
Fever Pitch Guy
dewey – He made it very clear he wanted to end his career at home, so he gave all leverage to the Rangers.
This signing was the equivalent of the free space on bingo cards, it was inevitable.
deweybelongsinthehall
Yep. Too bad because he was the perfect Sox pitcher. Results and short term.contract.
Fever Pitch Guy
dewey – It was probably his wife telling him “You’re not pitching unless it’s with the Rangers, I want you home”.
Chris Martin is a lot smarter than Tom Brady. Haha!
This one belongs to the Reds
Gee, someone is serious about signing some relief pitching. Refreshing.
Monkey’s Uncle
Nah, relief pitching is so overrated anyways. Especially since starting pitchers are lasting longer into games every year… wait…
TrillionaireTeamOperator
lol yeah at this rate, in a few years it’ll be relief pitchers who are lefty specialists or only expected to pitch about 30-60 innings per season making $40 million per season each and starting pitchers will exclusively be used as ‘openers’ and have their salaries pro-rated from $40M to $9M- basically the inverse of the traditional valuation of starters and mid-game relievers.
Ignorant Son-of-a-b
They had no choice in the matter.
LordD99
Coldplay itself is stupid.
Monkey’s Uncle
Well… yes. But there are still puns to be made regardless.
Fever Pitch Guy
Monkey – I always wanted to see Yacksel Rios change his entrance song to Welcome To The Jungle.
Monkey’s Uncle
Nice! I myself has hoping for “Yakety Yak”
Fever Pitch Guy
Monkey – That’s a good one too!
Candlestoked
Okay, but to make room for Martin, the Rangers will need to Let Somebody Go.
Rally Goose
I heard he can throw his fastball at the speed of sound.
Jacksson13
If they can only find and sign a Rowan,
The team will have a bullpen tandem
OF
Rowan & Martin
You Bet Your Sweet Bippy !!
This one belongs to the Reds
Then they would have a Laugh In the bullpen.
Baseballisthebest
You are both old. Oh wait, I got your joke. I guess I’m old too. Damn.
Jacksson13
You win the “Flying Fickle Finger of Fate” award !!
stevewpants
You say this now, but someday Chris Martin will no longer play MLB and we won’t have the chance to make witty puns and jokes because of his Coldplay name. I miss the days when we could do the Arrested Development adjacent Brock Holt!
LFGSD619
And Carly Rae references whenever this site mentioned Kevin Jepsen. But at least I still got my Holes references when they mention Scott Barlow.
Baseballisthebest
Thanks for all you did Chris. I am one Red Sox fan who will continue to cheer for you unless you are playing the Red Sox. Enjoy your retirement after 2025.
letitbelowenstein
Sorry, tik. I never meant to cause you trouble.
Ichirosasaki
Is it too late to apologize?
Wren
good sign for Texas. was really good for LA in 22. was hoping they’d sign him longer term. not sure why he bounces around but seems like his bank account is doing ok. has to be for a lot more than 5mil right?
Champ world champion Texas Rangers
What a steal 5.5 million Rangers got room for a closer as well.
Wren
incredible steal at 5.5 but I doubt he would give THAT much of a going home discount…
rememberthecoop
5.5M is a good price for a guy like him.
MWeller77
You drew a line, you drew a line for us. Oh what a thing to do