In the wake of their headline-making acquisition of free agent Shohei Ohtani, the Dodgers have continued to make waves with another significant move—reportedly trading for Rays ace Tyler Glasnow. The reported deal includes an extension agreement with Glasnow, who was on track to become a free agent after the season. The new contract is a five-year, $135 million deal, essentially extending his existing $25 million for 2024 by an additional four years and $110 million.
This unconventional trade, with an extension as a crucial component, involves Glasnow and outfielder Manuel Margot moving from Tampa Bay to Los Angeles, while the Rays receive starting pitcher Ryan Pepiot and outfielder Jonny Deluca.
Tyler Glasnow Trade Grades:
Dodgers Grade: C-plus
The Dodgers’ urgent need for top-tier starting pitching to reinforce an injury-plagued rotation in recent seasons prompted this move. With key pitchers like Buehler, May, Kershaw, and Gonsolin facing injuries or uncertainties, Glasnow’s elite capabilities were seen as a potential remedy. However, the gamble is significant due to Glasnow’s injury history, making only 48 starts in the past four seasons.
While Glasnow’s talent is undeniable, especially in striking out batters, his postseason performance has been lackluster, contributing to a 5.72 ERA in 10 playoff starts. The Dodgers are banking on his potential impact in October, but the track record raises concerns. Margot, included in the trade, offers outfield depth but may serve a financial purpose for the Rays, with a reported $4 million of his $10 million salary for 2024 being sent along.
Ray Grade: A-minus
Recognizing Glasnow’s impending free agency and budget constraints, the Rays orchestrated a strategic move to maximize their return. Allowing the acquiring team, the Dodgers, to negotiate an extension turned a potential one-year rental into a multi-year commitment. This maneuver showcases the Rays’ ability to maintain competitiveness on a limited budget.
In return, the Rays acquired Ryan Pepiot, a 26-year-old starter with five seasons of club control. His performance has been promising, contributing to a strong Rays rotation. The inclusion of outfielder Jonny Deluca, while not a premium prospect, adds versatility and offensive capabilities to the Rays’ system. The deal also sees the Dodgers taking on most of Margot’s salary, aligning with the Rays’ financial strategy.
In essence, the Rays masterfully secured long-term value and financial flexibility while parting ways with a talented but injury-prone pitcher.