Astros, Ryan Pressly agree to 2-year, extension reportedly worth $30M
The Houston Astros and closer Ryan Pressly agreed to a two-year, $30-million extension through 2024 that includes a third-year vesting option, the team announced Thursday.
The Astros have signed All-Star RHP Ryan Pressly to a two-year contract extension covering the 2023-24 seasons, General Manager James Click announced today. The deal also includes a vesting option for 2025. pic.twitter.com/x6x50sWtpg
— Houston Astros (@astros) April 7, 2022
The 33-year-old right-hander will earn $10 million in the final year of his current contract, and he'll play out that deal before the extension kicks in.
The new deal reportedly pays Pressly $14 million for each year of the contract. The vesting option for 2025 is worth $12 million and includes a $2-million buyout, according to Jon Heyman of the New York Post. The total guaranteed value of the deal is $30 million.
The former 11th-round pick has become an elite reliever over the past four seasons. Since the beginning of the 2018 campaign, Pressly ranks third among qualified relievers by FanGraphs WAR, behind only Liam Hendriks and Josh Hader. His 2.48 ERA places ninth over that span, and his 2.43 FIP ranks fourth. Pressly started 2018 with the Twins before being traded to the Astros later that season.
Pressly is coming off his best year yet, posting a 2.25 ERA and 2.06 FIP over 64 appearances (64 innings pitched) while notching 26 saves.