BOSTON — Left-hander Ranger Suárez and the Boston Red Sox finalized their $130 million, five-year contract on Wednesday.
Suárez gets a $3 million signing bonus, payable within 30 days of the deal's approval by Major League Baseball, and salaries of $7 million this year, $15 million in 2027, $30 million in each of the following two seasons and $35 million in 2030. The deal includes a $35 million mutual option for 2031 with a $10 million buyout.
Also Wednesday, Boston traded infielder Tristan Gray to Minnesota for minor league catcher Nate Baez, opening a roster spot.
An All-Star in 2024, Suárez had spent his entire professional career with the Philadelphia Phillies after signing at age 16 in April 2012. The 30-year-old from Venezuela pitched out of the bullpen early on but has been a steady performer and mostly a reliable winner since moving into the rotation exclusively in 2022.
The deal was the first for a major league free agent for the Red Sox this season and came after they were outbid for Alex Bregman by the Chicago Cubs, who gave the incumbent Boston third baseman a $175 million, five-year deal with a no-trade provision the Red Sox wouldn't offer.
Suárez was 12-8 with a 3.20 ERA last season in 26 starts covering a career-high 157 1/3 innings, then became a free agent for the first time. Because he turned down a $22,025,000 qualifying offer from Philadelphia in November, Boston gives up its second- and fifth-highest selections in July's amateur draft and forfeits $1 million in international signing bonus allocation in 2027.
Philadelphia gets an extra pick after the fourth round of the draft as compensation.
Suárez was 8-5 with a 1.36 ERA and four saves in 12 starts and 27 relief outings in 2021. He finished 10-7 with a 3.65 ERA over 29 starts and 155 1/3 innings the following season, then fell off to 4-6 with a 4.18 ERA across 22 starts in 2023, when he landed on the injured list for a left elbow strain and later for a right hamstring strain. But he bounced right back the next year, going 12-8 with a 3.46 ERA in 27 starts and 150 2/3 innings.
