January 23: Perez will make $1.2MM in 2024, per Robert Murray of FanSided. The 2025 option comes with a base salary of $2.2MM can be increased by various escalators. It goes up by $25K for 55, 60, 65 and 70 innings pitched, $50K for 20 and 25 games finished, $100K for 30 and 35 games finished, $150K for 40 and 45 games finished, as well as $200K for 50 games finished.
January 22: The Orioles announced Monday that they’ve avoided arbitration with left-handed reliever Cionel Perez. The Octagon client agreed to a one-year deal with a club option for the 2025 season. Since Perez is under team control for three more years, he’d remain an Oriole (and be arbitration-eligible once again) even if the team declines the 2025 option. Perez had filed at a $1.4MM salary, with the team countering at $1.1MM. Today’s agreement will be somewhere between those two sums and will avoid a potentially contentious hearing.
Like most clubs throughout the sport, Baltimore has taken a “file-and-trial” approach to arbitration in recent years. That is to say, once the team and player have exchanged numbers and filed those respective figures with the league, talks on a straight one-year deal are cut off. However, multi-year deals and one-year pacts that contain options are still on the table for discussion.
To many, it seems an odd line to draw on the surface. But one-year deals containing club or mutual options are not considered “one-year” contracts in arbitration — at least not in the sense that they’re considered relevant data points in future arbitration cases. Because of that, even file-and-trial clubs will generally discuss them, considering those deals more akin to multi-year pacts that don’t have long-term ramifications in a process where salaries are determined based overwhelmingly on prior, comparable one-year agreements.
Perez, 27, has had a breakout showing in Baltimore over the past two seasons after being plucked off waivers from the Reds in November 2021. The southpaw has made 131 appearances for the O’s and turned in a terrific 2.43 earned run average in 111 innings, picking up four saves and 35 holds along the way. Perez took a step back in ’23, as his ERA spiked from 1.40 to 3.54 while his strikeout and walk rates both trended in the wrong direction (23.5% and 9%, respectively, in 2022; 17.8% and 10.9% in 2023). Even with those red flags, Perez’s fastball velocity held at nearly 97 mph on average, he remained one of the toughest pitchers to take out of the ballpark (0.32 HR/9), and his 60.9% ground-ball rate was elite.
Perez will likely join fellow lefties Danny Coulombe and DL Hall in what should once again be a very strong Baltimore bullpen. There’s no compensating for the loss of All-Star closer Felix Bautista, who had Tommy John surgery in October, but the team’s hope is that by signing Craig Kimbrel to join Perez, Coulombe, Hall, All-Star setup man Yennier Cano and potentially right-hander Tyler Wells (if he’s not back in the rotation), the bullpen will again be quite formidable.
With Perez’s case now settled, the Orioles still have four players whose arbitration status remains up in the air. The O’s also exchanged figures with outfielder Austin Hays ($6.35MM vs. $5.85MM), first baseman/designated hitter Ryan O’Hearn ($3.8MM vs. $3.2MM), Coulombe ($2.4MM vs. $2.2MM) and righty Jacob Webb ($1MM vs. $925K).