Astros Secure All-Star Closer Josh Hader with Record-Breaking $95 Million Deal
Jan
The Houston Astros, coming off a strong performance last season and aiming for a return to the World Series, made a significant move in the offseason by signing five-time All-Star closer Josh Hader to a five-year, $95 million deal. The deal, confirmed by ESPN’s Jeff Passan, positions Hader as a key asset for the Astros’ bullpen.
Hader, renowned as one of the premier relievers in baseball, boasts a stellar career with a 2.50 ERA and 165 saves since his debut with the Brewers in 2017. His remarkable strikeout rate of 15 per nine innings has consistently set him apart as an elite left-handed reliever.
While facing a challenging phase around his trade from Milwaukee to San Diego in 2022, Hader bounced back impressively in 2023. Playing for the Padres, he delivered an outstanding performance with a 1.28 ERA and 33 saves across 61 appearances, paving the way for a lucrative free agency deal.
The Astros, dealing with the news of reliever Kendall Graveman’s absence for the 2024 season, heightened their pursuit of Hader as spring training approaches in February.
Key Details of Hader’s Contract:
- Length: Five years
- Total Value: $95 million
- No-Trade Clause: Included
- Deferrals, Opt-outs, Club Options: None (As reported by The Athletic’s Chandler Rome)
Hader’s contract establishes a new record for the highest present-day value among reliever contracts. While Edwin Diaz signed a five-year, $102 million deal with the Mets last offseason, Hader’s deal surpasses it in present-day value due to the absence of significant deferrals. The agreement solidifies Hader as the Astros’ closer, with Ryan Pressly and Bryan Abreu expected to play key roles as set-up arms in 2024.
Highest-Paid MLB Relievers (Average Annual Salary):
- Edwin Diaz – $20.4 million (Mets)
- Josh Hader – $19 million (Astros)
- Kenley Jansen – $16 million (Red Sox)
- Ryan Pressly – $15 million (Astros)
- Raisel Iglesias – $14.5 million (Braves)
- Craig Kimbrel – $13 million (Orioles)
- Rafael Montero – $11.5 million (Astros)
- Taylor Rogers – $11 million (Giants)
Hader’s contract places him as the second-highest paid reliever in terms of average annual salary, trailing Diaz. Additionally, in total value, Hader’s deal ranks second among all relievers, showcasing the Astros’ commitment to bolstering their bullpen for the upcoming season.