The Diamondbacks have declined their end of a mutual option on Zach Davies’ services for the 2023 season. The right-hander will now receive a $250K buyout, and (as per the MLB Players Association) has officially become a free agent.
Davies inked a one-year guarantee with the D’Backs in March, and posted a 4.09 ERA over 134 1/3 frames in 2022. It ended up being quite a solid return for Arizona on its $1.75MM investment ($1.5MM salary, plus the buyout) on the 29-year-old, and since Davies had some extra bonus money tied to his number of starts, his 27 trips to the mound likely earned him some additional dollars.
The value of the mutual option wasn’t known, though mutual options are almost never exercised by both parties. It’s probably safe to assume that it wasn’t an exorbitant sum, yet despite Davies’ solid bottom-line numbers, his advanced metrics provide some reason why the D’Backs might be okay with moving onto other rotation candidates. Davies had strikeout (17.9%) and walk (9.1%) rates that were well below the league average, as well as his typically low fastball velocity and chase rates, though he did do a good job of avoiding hard contact. A .257 BABIP undoubtedly helped Davies, as his 4.71 SIERA is perhaps a more accurate reflection of his 2022 performance.
More to come….