Astros Owner Jim Crane Amazed by Justin Verlander Trade

Posted on by Prathy Dey

Astros Owner Jim Crane Amazed by Justin Verlander Trade

The recent blockbuster trade that brought Justin Verlander back to the Houston Astros required intricate financial calculations. Mets owner Steve Cohen sent an extraordinary amount of money to Houston to finalize the deal, making it an unprecedented action in MLB history. Astros owner Jim Crane expressed surprise at the magnitude of this financial arrangement, stating that nothing like this has been seen before.

Cohen’s Generous Contribution

In order to secure the trade and obtain Houston’s highly regarded outfield prospects Drew Gilbert and Ryan Clifford, the Mets used Cohen’s financial resources to buy prospects. The agreement involved sending either $35 million or $52.5 million to Houston. Verlander’s contract with the Mets was for two years and valued at $86.6 million, with a $35 million vesting option for 2024 if he throws at least 140 innings in the upcoming season. Verlander’s health will play a crucial role in determining whether the vesting option becomes a reality, as he will be 41 years old next season.

Mets’ Strategic Moves

Justin Verlander, a three-time Cy Young winner, had attracted attention during the offseason, and the Astros initially wanted to retain him. However, the price he was offered by the Mets exceeded what Houston was willing to pay, making the trade a viable option. As the Mets’ team dynamics changed, the possibility of Verlander’s availability on the market became more apparent.

Financial Breakdown

The financial agreement between the Mets and Astros involves significant sums of money. The Mets are currently paying the Astros $35 million through the next season. If Verlander’s vesting option is triggered, the teams will split the cost, with each paying $17.5 million. If the option does not trigger, the Mets will cover around 60 percent of Verlander’s contract for him to play for another team.

Inspired by Scherzer Trade

The Mets’ previous deal with the Rangers, sending $36 million to acquire prospect Luisangel Acuna for Max Scherzer, had an impact on the Verlander trade. The Astros took notice of the Mets’ willingness to financially facilitate trades and decided to explore whether Cohen would do the same for Verlander.