Tyler Glasnow traded to Dodgers from Rays after agreeing to $136.5 million, 5-year contract

The Los Angeles Dodgers finalized their second major move this offseason on Saturday, acquiring Tyler Glasnow from the Tampa Bay Rays in a four-player trade after the pitcher agreed to a $136.5 million, five-year contract.

Los Angeles also received outfielder Manuel Margot and sent the Rays young right-hander Ryan Pepiot and outfielder Jonny Deluca.

A week after signing free agent Shohei Ohtani to a record $700 million, 10-year contract to bolster an already potent lineup, the Dodgers addressed a need for pitching help with the addition of an often-injured, hard-throwing right-hander with a track record of being a dominant performer when healthy.

A 30-year-old right-hander, Glasnow had one season remaining at $25 million and would have been eligible for free agency after next season. The teams reached a tentative agreement on the trade Thursday and were given a 72-hour window by Major League Baseball running through Sunday for the Dodgers to negotiate with Glasnow on a new deal.

Glasnow went 10-7 with a 3.53 ERA while setting career highs for starts (21), innings pitched (120) and strikeouts (162) in 2023. Without a new contract, he would have been eligible to become a free agent after the 2024 World Series.