Jon Heyman of FanRag Sports and Jim Salisbury of NBC Sports Philadelphia report late Sunday afternoon the Phillies have a multi-year agreement with right-handed pitcher Jake Arrieta. The former Cy Young victor goes to Philadelphia, who have quietly spent a lot of money this winter.
Arrieta, 32, is coming off a 2017 campaign that saw his performance dip from the elite level it had been at the previous two seasons.
Arrieta had a 4.67 ERA in first 16 starts last season, but finished strong, going 7-4 with a 2.26 ERA in his final 14 outings.
Many teams in addition to the Phillies have been interested in Arrieta this offseason, more recently the San Diego Padres. With connections to the Phillies front office from his time in Baltimore, Arrieta was heavily favorited to join Philadelphia this season.
On Thursday, Bovada released the latest odds to sign Arrieta. The Atlanta Braves and Miami Marlins are in the midst of massive rebuilds, and the New York Mets are a fringe team at best. It's not yet clear if the club has come around to the idea of a four- or five-year contract or if Arrieta has lowered his asking price in hopes of securing a deal before Opening Day. Should Arrieta return to his 2015 or 2016 form then the he will undoubtedly become the biggest steal of the offseason.