Current:Home > MarketsIndexbit-Stephen Strasburg retires, will be paid remainder of contract after standoff with Nationals -Edge Finance Strategies
Indexbit-Stephen Strasburg retires, will be paid remainder of contract after standoff with Nationals
Rekubit View
Date:2025-04-09 06:52:59
This time,Indexbit Washington Nationals starter Stephen Strasburg’s retirement is official.
Strasburg, who planned to retire last September with a lavish press conference at Nationals Park, only for the Nats to change their mind, this time is retiring Saturday with a simple clerical move on the MLB transactions page.
Strasburg, who has not pitched since June 9, 2022, still will receive the remaining $105 million owed from his original seven-year, $245 million contract, a person with direct knowledge of the situation told USA TODAY Sports.
The person spoke on the condition of anonymity because the team hadn't announced the terms of Strasburg's retirement.
The original contract was heavily deferred, $11.4 million annually, with Strasburg scheduled to receive $26.5 million in 2027, 2028 and 2029.
MLB SALARIES: Baseball's top 25 highest-paid players in 2024
As part of his retirement deal, the contract was restructured to further increase the deferrals.
Strasburg, 35, made just eight starts and pitched 31 ⅓ innings since signing his free-agent contract after helping lead the Nationals to the 2019 World Series title. He underwent surgery for thoracic outlet syndrome in 2021 and never fully recovered. The contract was uninsured, leaving the Nationals on the hook for the entirety.
Strasburg, the No. 1 draft pick in 2009, went 113-62 with a 3.24 ERA and was the 2019 World Series MVP, winning his two starts against the Houston Astros with a 2.51 ERA. He had a 1.46 ERA in six total postseason appearances in 2019.
Strasburg has occasionally worked out at the Nats’ facility in recent years, but has not thrown a pitch, and did not report to spring training in 2023 or 2024.
It’s unknown whether the Nats still plan to honor Strasburg with a retirement ceremony or simply let the transactions page close the page his injury-plagued career.
veryGood! (67255)
Related
- Meta donates $1 million to Trump’s inauguration fund
- US probes complaints that Ford pickups can downshift without warning, increasing the risk of a crash
- James Madison moves quickly, hires Preston Spradlin as new men's basketball coach
- Is Taylor Swift Featured on Beyoncé’s New Album? Here’s the Truth
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- A Filipino villager is nailed to a cross for the 35th time on Good Friday to pray for world peace
- Inside Princess Beatrice’s Co-Parenting Relationship With Husband’s Ex Dara Huang
- A man suspected of holding 4 hostages for hours in a Dutch nightclub has been arrested
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Who wouldn’t like prices to start falling? Careful what you wish for, economists say
Ranking
- Tom Holland's New Venture Revealed
- Lawsuit accuses Special Olympics Maine founder of grooming, sexually abusing boy
- A big airline is relaxing its pet policy to let owners bring the companion and a rolling carry-on
- FTX founder Sam Bankman-Fried sentenced to 25 years on crypto fraud charges
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- How King Charles III Has Kept Calm and Carried on Since His Cancer Diagnosis
- Chicago-area doctor sexually abused more than 300 patients and hospitals ignored it, lawsuit claims
- Here's why your kids are so obsessed with 'Is it Cake?' on Netflix
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
The Moscow concert massacre was a major security blunder. What’s behind that failure?
Remains of 19-year-old Virginia sailor killed in Pearl Harbor attack identified
Arkansas, local officials mark anniversary of tornadoes that killed four and destroyed homes
Questlove charts 50 years of SNL musical hits (and misses)
Steve Martin: Comic, banjo player, and now documentary film subject
Ayesha Curry Details Close Friendship With Great Mom Lindsay Lohan
Last-minute shift change may have saved construction worker from Key Bridge collapse