Phillies, Arrieta agree on multi-year deal

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On Sunday, chatter was beginning to heat up over the Philadelphia Phillies emerging as the favorite to land the 32-year-old pitcher, and believe it or not, the deal became official before the day could even come to an end.

The Philadelphia Phillies have an agreement in principle with free agent starter Jake Arrieta on a multi-year deal, according to a report by Jim Salisbury of NBC Philly. The club already surrendered their second-highest pick, plus $500,000 in global signing bonus money, when it signed Carlos Santana to a three-year, $60 million contract in December.

One of the wildest stats on Arrieta is that he hit homers at a greater rate (1.89%) than he allowed (1.81%) the last four seasons.

Arrieta played the past five seasons with the Cubs and was a key member of the 2016 World Series championship winning team. The Phillies have always been a rumored landing spot for Arrieta, along with the Nationals and Padres. Nick Pivetta, Zach Eflin, Mark Leiter and Ben Lively are also in the mix for a spot.

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Jake Arrieta's painfully slow free agency is now over. A three-year term is far shorter than many expected before the offseason, although it may be considered a win for his camp to land a $25 million annual salary.

Heading into the offseason, the Phillies were very clear in their desire to add starting pitching.

Unfortunately for Arrieta, a slow free-agent market forced him to accept a lesser deal than he reportedly turned down from the Cubs.

Arrieta might not be ready to open the season when camp breaks as he's missed the first three weeks, but assuming there are no problems with the physical he should be ready to go by mid-April at the latest.