Current:Home > InvestStephen Strasburg's planned retirement hits a snag as Nationals back out of deal -ApexWealth
Stephen Strasburg's planned retirement hits a snag as Nationals back out of deal
TradeEdge Exchange View
Date:2025-04-10 14:55:14
And you thought Tom Brady had a short retirement last year.
Washington Nationals pitcher Stephen Strasburg’s scheduled retirement lasted all of 14 days.
Strasburg was planning to officially retire Saturday with a lavish press conference at Nationals Park – and a uniform retirement ceremony penciled in for next year.
Instead, the Nats informed Strasburg and his representatives on Thursday that wouldn't be happening, according to two persons with direct knowledge of the talks.
The original agreement was that Strasburg would retire with his seven-year, $245 million contract intact. He would still be owed $105 million, with deferred payments through 2029.
FOLLOW THE MONEY: MLB player salaries and payrolls for every major league team
The Nationals, who originally broached the idea of retirement, told Strasburg’s agent Scott Boras that they had changed their mind – with no explanation.
The persons spoke to USA TODAY Sports on the condition of anonymity due the sensitivity of the situation.
“He signed a seven-year deal, he’s got (3.5) years left on the deal," Nats GM Mike Rizzo told 106.7 The Fan on Wednesday, “and he’ll get paid for those four years on the deal until he makes a decision on what his future’s going to be.’’
So even though Strasburg hasn’t thrown a pitch since June 2022, undergoing surgery for thoracic outlet syndrome in 2021, he will remain gainfully employed on the Nationals’ roster.
Strasburg, 35, who has pitched made just eight starts and pitched 31 ⅓ innings the past four seasons, can claim his locker, work out at their facility, and who knows, maybe even report to spring training in February.
Strange times.
This is the latest move by Nats’ ownership to reduce their payroll. They recently informed at least 10 scouts that they would not have their contracts renewed and assistant GM Johnny DiPuglia resigned last weekend when they attempted to reduce his salary. They also have yet to finalize a contract extension for Rizzo, whose contract expires after the season.
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 was constantly plagued by injuries during his 13-year career, making at least 30 starts just three times.
The Nats did not cover Strasburg’s contract with an insurance policy.
veryGood! (56)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Federal appeals court temporarily delays new state-run court in Mississippi’s majority-Black capital
- 'AGT: Fantasy League' premiere: Simon Cowell feels 'dumped' after Mel B steals skating duo
- Washington fights off Texas with wild Sugar Bowl ending, will face Michigan for title
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Biden administration approves emergency weapons sale to Israel, bypassing Congress
- Plane catches fire on runway at Japan’s Haneda airport
- Best animal photos of 2023 by USA TODAY photographers: From a 'zonkey' to a sea cucumber
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Are stores open New Year's Day 2024? See hours for Walmart, Target, Home Depot, Macy's, more
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Carrie Bernans, stuntwoman in 'The Color Purple,' hospitalized after NYC hit-and-run
- Michigan didn't flinch in emotional defeat of Alabama and is now one win from national title
- Happy Holidays with Geena Davis, Weird Al, and Jacob Knowles!
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Billy Joel jokes about moving to Florida during late-night New Year's Eve show in New York
- The Rock returns to WWE on 'Raw,' teases WrestleMania 40 match vs. Roman Reigns
- The 10 best NFL draft prospects in the College Football Playoff semifinals
Recommendation
The Super Bowl could end in a 'three
Joey Daccord posts second career shutout as Seattle topples Vegas 3-0 in Winter Classic
2024 Winter Classic winners and losers: Joey Daccord makes history, Vegas slide continues
Ian Ziering Breaks Silence After Unsettling Confrontation With Bikers in Los Angeles
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Tom Wilkinson, The Full Monty actor, dies at 75
'Wonka' nabs final No. 1 of 2023, 'The Color Purple' gets strong start at box office
16-year-old traveling alone on Frontier mistakenly boarded wrong flight to Puerto Rico