Mark your calendars. It’s November 5th and the Red Sox have already sent their fanbase into a frenzy with their first move of the offseason. On Monday night, Craig Breslow and company made the surprising decision to extend the Qualifying Offer to Nick Pivetta, which comes with a price tag of $21.05 MM for 2025.
That’s a somewhat steep price for Pivetta, who’s shown flashes of being more than a backend starter, but has never been able to capture that for a full season in his big league career. It’s a calculated risk from Breslow, who has a chance to earn a compensation pick if Pivetta chooses to decline the QO and sign elsewhere, which would result in a draft pick after the second round. Just for reference, Roman Anthony and Kristian Campbell are two recent compensation picks over the last few years.
Current projections for Pivetta on the free agent market had him landing a 3-year deal in the range of $45-48 MM, with Kiley McDaniel having the most bold projection of 3 years, $63 MM. While the QO is a clear overpay for Pivetta’s services, I wouldn’t have an issue with the decision if the Red Sox forgoed staying under the first luxury tax threshold of $241 MM. At that point, if you’re not counting pennies and willing to spend, I have no problem overextending to ensure you’re going to have some of the better pitching depth in the sport.
You could picture a reality where Kutter Crawford is moved to the bullpen in a high-leverage role to help with the losses of Chris Martin and Kenley Jansen. If there’s ever an injury or issue, you have Crawford ready to step-in and if Pivetta can’t get the job done, he’s had his own success in a bullpen role while in Boston. This would all be with the belief that the front office found a way to add a top of the rotation arm, which is the team’s most obvious need as they prepare to make a push to win the AL East.