Jake Odorizzi

Tampa Bay Rays, Starting Pitcher
Age: 34-209d (Mar 27, 1990)
Exp: 10.042 Years
Country: US
Drafted: Round 1 (#32 overall), 2008
Agent(s): Excel Sports Management

2021-2023 free-agent-xxb

Jake Odorizzi signed a 3 year , $23,500,000 contract with the Houston Astros, including $6,000,000 signing bonus, $23,500,000 guaranteed, and an average annual salary of $7,833,333.
Contract Terms:
3 yr(s) / $23,500,000
Average Salary:
$7,833,333
Signing Bonus:
$6,000,000
Free Agent:
2024 / UFA
Year Age Status PayrollAnnual Luxury Tax Tax % League Tax Cash Annual Cash Cumulative
2021 31 $9,000,000 $7,833,333 3.73% $8,000,000 $8,000,000
2022 32 $2,813,187 $4,656,594 2.02% $3,313,187 $11,313,187
2023 33
Player
$2,500,000 $2,500,000 - $4,500,000 $15,813,187
2024 34
UFA
Retained Salary
2023 33 $10,000,000 $10,000,000 4.29% $10,000,000 $21,313,187
Year Age Service Status Base Salary Signing Proration Incentives Likely Incentives Unlikely Payroll Salary Luxury Tax
2021 31 7.042 $6,000,000 $3,000,000 - - $9,000,000 $7,833,333
2022 32 8.042 $5,000,000 $3,000,000 $500,000 - $2,813,187 $4,656,594
2023 33 9.042
Player
$12,500,000 - - - $2,500,000 $2,500,000
2024 34 --
UFA
Retained Salary
2023 33 $10,000,000 - - - $10,000,000 $10,000,000
Year Age Status Base Salary Signing Bonus Cash Total Cash Cumulative AYC Cumulative AYC Remaining
2021 31 $6,000,000 $2,000,000 $8,000,000 $8,000,000 $8,000,000 $5,271,062
2022 32 $2,813,187 - $3,313,187 $11,313,187 $5,656,594 $3,906,594
2023 33
Player
$2,500,000 $2,000,000 $4,500,000 $15,813,187 $5,271,062 $4,500,000
Retained/Dead Cash
2023 33 - $10,000,000 - $10,000,000 $21,313,187 $10,000,000 $10,000,000
Contract Notes
  • 2023 player option includes a $6.25M buyout
    (Option escalated from $6.5M to $12.5M per 21-22 production)

  • 2022 Incentives:
    $500,000 for 100 innings pitched (earned)
    $1M each for 110, 120, 130, 140, 150 innings pitched (not earned)
    $1.25M for 160 innings pitched (not earned)
  • 2023 Incentives
    $500,000 each for 120, 130 Innings Pitched
    $1M each for 140, 150, Innings Pitched
  • Cy Young: $100,000 ($75,000 for 2nd, $50,000 for 3rd)
  • WS MVP: $75,000
  • $50,000 each for All-Star, Gold Glove, LCS MVP
  • Signing bonus will be paid in $2M installments each 7/1 of 2021, 2022, 2023
Source: MLB contract specifics generally collected from verified reports.

2020-2020 Qualifying Offer

Jake Odorizzi signed a 1 year , $17,800,000 contract with the Minnesota Twins, including $17,800,000 guaranteed, and an average annual salary of $17,800,000.
Contract Terms:
1 yr(s) / $17,800,000
Average Salary:
$17,800,000
Signing Bonus:
N/A
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2019-2019 Arbitration

Jake Odorizzi signed a 1 year , $9,500,000 contract with the Minnesota Twins, including $9,500,000 guaranteed, and an average annual salary of $9,500,000.
Contract Terms:
1 yr(s) / $9,500,000
Average Salary:
$9,500,000
Signing Bonus:
N/A
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2018-2018 Arbitration

Jake Odorizzi signed a 1 year , $6,300,000 contract with the Tampa Bay Rays, including $6,300,000 guaranteed, and an average annual salary of $6,300,000.
Contract Terms:
1 yr(s) / $6,300,000
Average Salary:
$6,300,000
Signing Bonus:
N/A
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2017-2017 Arbitration

Jake Odorizzi signed a 1 year , $4,100,000 contract with the Tampa Bay Rays, including $4,100,000 guaranteed, and an average annual salary of $4,100,000.
Contract Terms:
1 yr(s) / $4,100,000
Average Salary:
$4,100,000
Signing Bonus:
N/A
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2016-2016 Pre-Arb

Jake Odorizzi signed a 1 year , $520,700 contract with the Tampa Bay Rays, including $520,700 guaranteed, and an average annual salary of $520,700.
Contract Terms:
1 yr(s) / $520,700
Average Salary:
$520,700
Signing Bonus:
N/A
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2015-2015 Pre-Arb

Jake Odorizzi signed a 1 year , $522,000 contract with the Tampa Bay Rays, including $522,000 guaranteed, and an average annual salary of $522,000.
Contract Terms:
1 yr(s) / $522,000
Average Salary:
$522,000
Signing Bonus:
N/A
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2014-2014 Pre-Arb

Jake Odorizzi signed a 1 year , $503,100 contract with the Tampa Bay Rays, including $503,100 guaranteed, and an average annual salary of $503,100.
Contract Terms:
1 yr(s) / $503,100
Average Salary:
$503,100
Signing Bonus:
N/A
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2013-2013 Pre-Arb

Jake Odorizzi signed a 1 year , $490,000 contract with the Tampa Bay Rays, including $490,000 guaranteed, and an average annual salary of $490,000.
Contract Terms:
1 yr(s) / $490,000
Average Salary:
$490,000
Signing Bonus:
N/A
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2012-2012 Pre-Arb

Jake Odorizzi signed a 1 year , $480,000 contract with the Kansas City Royals, including $480,000 guaranteed, and an average annual salary of $480,000.
Contract Terms:
1 yr(s) / $480,000
Average Salary:
$480,000
Signing Bonus:
N/A
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2008-2008 Signing Bonus

Jake Odorizzi signed a 1 year , $1,060,000 contract with the Tampa Bay Rays, including $1,060,000 guaranteed, and an average annual salary of $1,060,000.
Contract Terms:
1 yr(s) / $1,060,000
Average Salary:
$1,060,000
Signing Bonus:
N/A
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Seasons

10.042 Years

Career Earnings thru 2024

$53,052,739

Earnings w/ Different Teams

6 teams

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2008 18
Signing Bonus
$1,060,000
$1,060,000
2012 22
Active
$480,000
$1,540,000
2013 23
Active
$66,939
$1,606,939
2014 24
Active
$503,100
$2,110,039
2015 25
Active
$522,000
$2,632,039
2016 26
Active
$520,700
$3,152,739
2017 27
Active / arbitration-settlement
$4,100,000
$7,252,739
2018 28
Active / arbitration-settlement
$6,300,000
$13,552,739
2019 29
Active / Arb Avoided
$9,500,000
$23,052,739
2021 31
Active
$8,000,000
$31,052,739
2022 32
Active
Retained
$3,313,187
$4,186,813
$34,365,926
$38,552,739
2023 33
Injured / Player Exercised
Retained
$4,500,000
$10,000,000
$43,052,739
$53,052,739
Champion
Total
$53,052,739

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
6 $5,712,739 $1,060,000 - $6,772,739
1 $480,000 - - $480,000
2 $15,800,000 - - $15,800,000
2 $8,186,813 $4,000,000 - $12,186,813
2 $12,813,187 - $500,000 $13,313,187
1 $2,500,000 $2,000,000 - $4,500,000
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2008
18
$1,060,000
$1,060,000
$1,060,000
2012
22
$480,000
$480,000
$1,540,000
2013
23
$66,939
$66,939
$1,606,939
2014
24
$503,100
$503,100
$2,110,039
2015
25
$522,000
$522,000
$2,632,039
2016
26
$520,700
$520,700
$3,152,739
2017
27
$4,100,000
$4,100,000
$7,252,739
2018
28
$6,300,000
$6,300,000
$13,552,739
2019
29
$9,500,000
$9,500,000
$23,052,739
2021
31
$6,000,000
$2,000,000
$8,000,000
$31,052,739
2022
32
$2,813,187
$2,186,813
$2,000,000
$500,000
$3,313,187
$4,186,813
$34,365,926
$38,552,739
2023
33
$2,500,000
$10,000,000
$2,000,000
$4,500,000
$10,000,000
$43,052,739
$53,052,739
Total
$45,492,739
$7,060,000
$500,000
$53,052,739

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
6 $5,712,739 $1,060,000 - $6,772,739
1 $480,000 - - $480,000
2 $15,800,000 - - $15,800,000
2 $8,186,813 $4,000,000 - $12,186,813
2 $12,813,187 - $500,000 $13,313,187
1 $2,500,000 $2,000,000 - $4,500,000

Injuries

Year Dates Reason
2023 TEX Mar 30, 2023 - Oct 01, 2023 Arm
2022 HOU May 17, 2022 - Jul 04, 2022 Leg
2021 HOU Sep 14, 2021 - Sep 26, 2021 Foot
2021 HOU Apr 26, 2021 - May 29, 2021 Oblique
2020 MIN Sep 17, 2020 - Sep 27, 2020 Finger
2020 MIN Aug 22, 2020 - Sep 16, 2020 Concussion
2020 MIN Jul 23, 2020 - Aug 08, 2020 Back
2019 MIN Jul 03, 2019 - Jul 13, 2019 Finger
2017 TB Jul 26, 2017 - Aug 09, 2017 Back
2017 TB Apr 15, 2017 - May 01, 2017 Hamstring
2015 TB Jun 06, 2015 - Jul 11, 2015 Oblique
  • Apr 11, 2024 Released by Tampa Bay (TB)
  • Mar 15, 2024 Signed a minor league contract with Tampa Bay (TB)
  • Nov 09, 2022 Traded to Texas (TEX) from Atlanta (ATL) with $10M cash for Kolby Allard
  • Aug 02, 2022 Traded to Atlanta (ATL) from Houston (HOU) for Will Smith
  • Mar 06, 2021 Signed a 3 year $23.5 million contract with Houston (HOU) - includes 2023 Player Option
  • Nov 14, 2019 Signed a 1 year $17.8 million qualifying offer contract with Minnesota (MIN)
  • Nov 04, 2019 Minnesota (MIN) extended a $17.8 million Qualifying Offer
  • Jan 11, 2019 Signed a 1 year $9.5 million contract with Minnesota (MIN), avoiding arbitration
  • Feb 18, 2018 Traded to Minnesota (MIN) from Tampa Bay (TB) for Jermaine Palacios
  • Feb 15, 2018 Signed a 1 year $6.3 million contract with Tampa Bay (TB), settling in arbitration
  • Feb 14, 2017 Signed a 1 year $4.1 million contract with Tampa Bay (TB), settling in arbitration
  • Mar 04, 2016 Signed a 1 year $520,700 contract with Tampa Bay (TB)
  • Mar 03, 2015 Signed a 1 year $522,000 contract with Tampa Bay (TB)
  • Mar 03, 2014 Signed a 1 year $503,100 contract with Tampa Bay (TB)
  • Dec 10, 2012 Traded to Tampa Bay (TB) from Kansas City (KC) with Wil Myers , Mike Montgomery and Patrick Leonard for James Shields and Wade Davis
  • Sep 16, 2012 Contract purchased by Kansas City (KC)
  • Dec 19, 2010 Traded to Kansas City (KC) from Milwaukee (MIL) with Lorenzo Cain , Alcides Escobar and Jeremy Jeffress for Zack Greinke, Yuniesky Betancourt and cash considerations
  • Jun 24, 2008 Signed a contract with Tampa Bay (TB)
  • Jun 20, 2008 Drafted by Milwaukee (MIL): Round 1 (#32 overall)
Year Team GP GS H R ER BB K HR W L SV IP ERA WHIP WAR
2024 TB 0 0 0 0 0 0 0 0 0 0 0 0.0 0.00 0.00
2023 TEX 0 0 0 0 0 0 0 0 0 0 0 0.0 0.00 0.00
2022 ATL 22 22 106 58 52 35 86 14 6 6 0 106.3 4.40 1.33 0.05
2021 HOU 24 23 97 51 49 34 91 16 6 7 0 104.7 4.21 1.25 0.63
2020 MIN 4 4 16 10 10 3 12 4 0 1 0 13.7 6.59 1.39 -0.18
2019 MIN 30 30 139 65 62 53 178 16 15 7 0 159.0 3.51 1.21 3.77
2018 MIN 33 32 151 89 82 70 162 20 7 10 0 164.3 4.49 1.35 1.28
2017 TB 28 28 117 80 66 61 127 30 10 8 0 143.3 4.14 1.24 0.24
2016 TB 33 33 170 80 77 54 166 29 10 6 0 187.7 3.69 1.19 3.19
2015 TB 28 28 149 65 63 46 150 18 9 9 0 169.3 3.35 1.15 3.25
2014 TB 31 31 156 79 77 59 174 20 11 13 0 168.0 4.13 1.28 1.31
2013 TB 7 4 28 13 13 8 22 3 0 1 1 29.7 3.94 1.21 0.25
2012 KC 2 2 8 4 4 4 4 1 0 1 0 7.3 4.91 1.64 0.05

Calculated Market Value

Market Value

  • 1 years, $1,351,955
  • Avg. Salary: $1,351,955
  • MLB Rank: 534
  • SP Rank: 118

Current Contract

  • Free Agent: 2024
  • Avg. Salary: $7,833,333

Comparable Players

We've selected the following players based on their age, contract status, and statistical production to compare Jake Odorizzi to.

Player Length Value Avg. Salary Age When Signed
Colin Rea 1 $4,500,000 $4,500,000 33
James Paxton 1 $7,000,000 $7,000,000 35
Aníbal Sánchez 1 $2,000,000 $2,000,000 38
Averages 1 $4,500,000 $4,500,000 35.3

Base Calculated Value

After adjusting the above contracts as if signed at Odorizzi's current age (34), a linear regression is performed, providing us with the following initial value.

Length Value Avg. Salary
2 $5,379,310 $2,689,655

Statistical Comparisons

Now we'll compare our variables and Odorizzi statistically over the two seasons prior to their signing. In this case we're analyzing: GS/Yr, IP, K/9, BB/9, ERA, WHIP, FIP, WAR

Player GS/Yr IP K/9 BB/9 ERA WHIP FIP WAR
Colin Rea
2022-2023
11.00 4.79 3.97 1.37 2.28 0.59 2.45 0.93
James Paxton
2022-2023
9.50 5.05 4.74 1.54 2.25 0.66 2.34 1.91
Aníbal Sánchez
2020-2021
5.50 4.82 3.65 1.53 3.31 0.83 2.72 0.22
Average 8.67 4.89 4.12 1.48 2.61 0.69 2.50 1.02
Jake Odorizzi
2022-2022
22.00 4.83 7.28 2.96 4.40 1.33 4.28 -0.34
Pct Change 153.75 -1.23 76.70 -100.00 -68.58 -92.75 -71.20 -133.33
Median Prime % Change -69.89%
Average Prime % Change -29.58%

Calculated Market Value: Jake Odorizzi

After applying our Prime % figures into our base calculated value, we're given two values. The average of these values becomes our current calculated market value.

Terms Avg. Salary
1 years, $1,351,955 $1,351,955
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