The Nationals and Stephen Strasburg have finally reached agreement on financial terms of the right-hander’s contract that allowed him to officially retire from baseball today.
A formal announcement is still forthcoming, but two sources familiar with the agreement confirmed it has been finalized with terms amenable to both the pitcher and the organization, ending a long and protracted negotiation that threatened to ruin the Nats’ relationship with one of the most important players in club history. Major League Baseball's official transactions log shows Strasburg retired today.
Strasburg has not been able to pitch since June 9, 2022, when he made his one and only major league start of that season, giving up seven runs in 4 2/3 innings in Miami. Unable to fully overcome the symptoms of thoracic outlet syndrome, even after his 2021 surgery, he finally conceded last year another comeback would not be possible.
Strasburg and the Nationals had plans to formally announce his retirement in early September 2023, but those plans were scrapped only days before the expected ceremony when the two sides couldn’t agree on the financial details of the arrangement.
Strasburg, who signed a seven-year, $245 million extension in December 2019, less than two months after winning World Series MVP honors, is still owed a little more than $100 million over the next three years. His contract, like all long-term major league contracts, was guaranteed, but the Nationals wanted to alter those terms, or at least spread out his remaining payments over a longer period of time, according to sources familiar with the discussions.