Nathan Eovaldi, the veteran right-handed pitcher, has officially declined his \$20 million player option for the 2025 season with the Texas Rangers, making him a free agent. This decision comes just one year after he helped lead the Rangers to a World Series title, and it signals his interest in testing the open market for what could be his last major contract.
Eovaldi, who turned 35 earlier this year, was a key component of the Rangers’ rotation during their championship run. He posted a strong 2024 season, going 12–5 with a 3.52 ERA across 27 starts. He also delivered in the postseason, earning praise for his consistency and leadership on the mound. His playoff experience and recent success make him one of the more attractive pitching options in this winter’s free-agent class.
The player option, worth \$20 million, was part of the two-year, \$34 million deal he originally signed with Texas before the 2023 season. That contract also included performance bonuses and escalators, which Eovaldi hit, boosting the total value. But rather than accept the guaranteed money for 2025, Eovaldi is betting on himself to secure a longer or more lucrative deal in free agency.
From the Rangers’ perspective, losing Eovaldi opens a significant hole in their rotation. With Max Scherzer aging and still recovering from injuries, and Jacob deGrom not expected back until midseason, Texas now faces the challenge of retooling its pitching staff. Eovaldi’s departure may push the front office to pursue free-agent arms aggressively or accelerate the promotion of young prospects.
Eovaldi’s free agency adds an intriguing option to a market that includes other high-end starters like Blake Snell, Corbin Burnes, and Tyler Glasnow. While not the youngest pitcher available, Eovaldi’s recent postseason success and durable 2024 campaign make him a viable target for contending teams in need of reliable veteran presence.
He has also built a reputation as a clubhouse leader, something that could increase his value beyond just the numbers. Reports suggest teams like the Red Sox, Cardinals, and Dodgers could be interested, especially if they miss out on their top pitching targets. Eovaldi previously played for Boston and remains highly respected there, adding fuel to reunion speculation.
Texas could still try to re-sign Eovaldi, possibly on a multi-year deal at a lower annual value or with incentives tied to innings pitched. However, early signs point to him exploring all his options on the open market, and the Rangers may prioritize younger or more cost-controlled arms moving forward.
Eovaldi’s decision ultimately reflects the confidence he has in his own performance and health. After battling multiple injuries earlier in his career, he’s now seen as a durable, playoff-tested veteran who can deliver in high-leverage games. For pitching-needy teams, he may be one of the safest bets available this offseason.
