Heyman: Freddy Peralta Has "Tried" to Get An Extension

[Matthew Lenz]

Freddy Peralta, who's on pace for the best season of his career, is reportedly interested in signing an extension with the Milwaukee Brewers, according to Jon Heyman of the NY Post.

Peralta has a team option for 2026 that would pay him $8 million - basically a no brainer for the Brewers.

Peralta has been phenomenal for the Brewers in his 14 starters this season. The 29 year old has a 2.69 ERA (3.89 FIP) and 14.8% strikeout minus walk rate. The one gripe you could make is his elevated walk rate, otherwise the right hander has been lights out with elite fastball and offspeed offerings.

If you were in charge, how many years and how much money would you give Peralta, if any?

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[sveumrules]

5 minutes ago, Matthew Lenz said:

Freddy Peralta, who's on pace for the best season of his career

He kinda is, but he's also a pretty major regression candidate as the season goes along.

2021 (his current best season) was 144 IP of 67 ERA- | 73 FIP- which shook out to 4.6 rWAR | 4.0 fWAR. The quantity wasn't there, but the run suppression was supported up by the peripherals at 144 K%+ | 109 BB%+ | 71 HR9+

So far this year he is at 77 IP of 67 ERA- | 97 FIP-. The run prevention is still there, but the peripherals have backed up big time at 112 K%+ | 112 BB%+ | 100 HR9+.

The main thing saving Freddy so far this year is a redonculous strand rate. From 2022-24 he ran an 86 AVG+ | 105 LOB%+, so he was really hard to get a hit off of helping him run a better than average strand rate. This year he is limiting hits slightly more at an 84 AVG+, but the strand rate has exploded to a 119 LOB%+ that is likely unsustainable.

Love Freddy, and he has more than earned an extension, just not sure the Brewers should be paying any pitcher $20M plus for multiple years in their thirties.

[wallus]

According to a recent JS article, Freddy turned down talking about an extension with the team....

[Bob K]

Pay the man. If I’m Mark Attanasio I would be willing to go with a 6 year $120 million extension. Peralta has greatly outperformed his current contract. According to Spotrac his current 5 year extension paid him only $15 million total. The team options for this year and next are only $8 million each. As a relatively durable ace on a playoff contending team, Attanasio has gotten a bargain in Peralta.  He needs to be fair to the player, the team and the fans. Forbes estimates Attanasio’s net worth to be $1.9 billion. His original investment in the Brewers increases yearly by way more than its payroll. Pay the man!

[nate82]

5 hours ago, Bob K said:

His original investment in the Brewers increases yearly by way more than its payroll. Pay the man!

Yes and your house increases almost every year.  Why don't you have a Ferrari in your drive way?  Why are you so cheap you should have a Ferrari in your drive way!

[Klantz27]

No thanks I would rather trade freddy for a bat and sign our young guys henderson and miz to long extensions 

Peralta probably wants to much if he will take a 3 year 49 mil extension 16.33 aav, give him 10 million of it 5 this year 5 next and it would average 13 aav over 5 years 

[gregmag]

They’ve gotten great value from his extension. They almost certainly would not get great value out of another extension. They have a bunch of promising young starters. Pick up the option and trade him in the offseason.

[izzi]

Buy low, sell high. And trade from a position of strength. We have so many good young arms that are cheap, I would trade Freddy Noe while he's at his peak value.

[Brian]

On 6/14/2025 at 7:30 PM, Klantz27 said:

No thanks I would rather trade freddy for a bat and sign our young guys henderson and miz to long extensions 

Peralta probably wants to much if he will take a 3 year 49 mil extension 16.33 aav, give him 10 million of it 5 this year 5 next and it would average 13 aav over 5 years 

I agree only if you could get a VERY GOOD bat.  He is getting better each start but I'm 50/50 on him now.  I like that he can throw 100 pitches. Almost unheard of now days. 

[Lathund]

With the payroll that the Brewers are limited to (Whether by choice or necessity), adding another $20m+ salary is quite limiting to what else they can do. I suppose with the amount of pre-arb players on the team, and likely to come up in the next few years, there could be room for it. They should then try to leverage the $8m option, giving more money in that year to shave some off the overall. Problem is Freddy will be at the age where he'll probably want a long-term deal, and not a high-AAV 2-3 year deal. 

He also took a very team-friendly extension already, so probably isn't looking for another one. He'll rightly want to cash in. And I think while it's not impossible to find a deal with the Brewers, it's unlikely. 

Personally I wouldn't look to trade him though. He's making a lot less than Burnes did, and both makes less and is more valuable than Hader. I think keeping him for another year at $8m and getting a comp pick (Or giving more time for an extension to be made) is the way to go. Having a veteran like Freddy there alongside the youngsters who will fill up the rotation is a good thing. 

[Harold Hutchison]

With Woodruff around, I'd probably look to deal Peralta at the deadline this year. The haul he would net from a playoff buyer would be impressive.

Use Woodruff (pass the option, but work out a 2-3 year deal) and Quintana to be the "veterans" (with his time on the IL, Quintana may come back at a bargainish rate) to mentor Patrick, Henderson, Myers, and Misiorowski. Add in Hall and Aaron Ashby as long guys.

[TURBO]

I think we need to stop counting on Woodruff for anything at this point.  If something happens that he suddenly becomes an option again, cross that bridge when we get to it.  For now, he just isn't a trustworthy option for any future plans.

[umphrey]

I would love to pay Freddy but I don’t see how they can do it. I think the Musgrave contract is a good comp. 5 years $100m. But that was 2023 and inflation probably brings it up a bit. 

[brewmann04]

I wonder where they are at contract wise 

[umphrey]

46 minutes ago, brewmann04 said:

I wonder where they are at contract wise 

I think Adames said at the end there was no negotiation whatsoever. I think it will be the same with Freddy. No need to insult him by offering 3 years $30m or whatever if that is where they are at. 

[nate82]

1 hour ago, umphrey said:

I would love to pay Freddy but I don’t see how they can do it. I think the Musgrave contract is a good comp. 5 years $100m. But that was 2023 and inflation probably brings it up a bit. 

I think Peralta will want more than $20mm per season.  You are probably looking at something closer to $24mm a season and something like 6-8 years.

I don't really want the Brewers to do this as paying $20mm a year to a pitcher is just not something a team like the Brewers should be doing.  I would rather see that money spent else where and spread around.  For a deal to work you probably have to give him a signing bonus for next season around $10mm which would push his contract for that season to $18mm. 

So a contract of something like 6-years $125mm plus a $10mm signing bonus sounds about right for Peralta.  The 6-years $125mm would start in 2027.  That would cover his age 31-36 seasons.  I just don't believe that would be a good idea for the Brewers to do.  One injury and you are paying Peralta $20mm to sit on the bench and recover and any down swing in his stuff and you are looking at a Suppan like contract for the Brewers.  

The best option for the Brewers is to trade him.  The risk is far too high of an injury or regression of his performance than the reward is.  

[BrewerFan]

On 6/14/2025 at 11:33 AM, Bob K said:

Pay the man. If I’m Mark Attanasio I would be willing to go with a 6 year $120 million extension. Peralta has greatly outperformed his current contract. According to Spotrac his current 5 year extension paid him only $15 million total. The team options for this year and next are only $8 million each. As a relatively durable ace on a playoff contending team, Attanasio has gotten a bargain in Peralta.  He needs to be fair to the player, the team and the fans. Forbes estimates Attanasio’s net worth to be $1.9 billion. His original investment in the Brewers increases yearly by way more than its payroll. Pay the man!

Just...once again, to reiterate, Attanasio is not the majority owner of the Brewers. 

He owns ~36% or so of the team. That may be lower after Giannis and others have bought in. I'd imagine they ddn't make largest investments, but all the same. 

 

Doesn't mean I don't think he can spend more...but I don't think he can afford bad deals. Just because you got Peralta for cheap and he performed well doesn't mean you're required to compensate for that now by committing to him for what would be 8 more seasons(well...7.5 anyway) and paying him 20M a year at the end of that. 

He'll get paid. I wouldn't go 5/125...it's 1.5 years to go, I'd go 5/100 maybe, but we've also been developing a lot of arms, so...I'd prefer we use that to extend younger position players as they come up(Turang is one I would like to given he can play SS/2B...Contreras may be a good one to extend for a couple years at this point for the right price. 

Otherwise, they should keep the deals shorter so they don't get burned for a few years on the backend. 

[Outlander]

The Brewers might have a little leverage still considering Peralta is set to make only $8 million next year.  Would like to see if he would take 5/100 and tear up next year. Would take him through his age 34 season and they have a young rotation not getting paid much. By the time they get paid Peralta will be done. Peralta knows what happened to Woodruff can happen to him so still some incentive to get guaranteed money.

[Brian]

On 6/15/2025 at 7:12 AM, Harold Hutchison said:

With Woodruff around, I'd probably look to deal Peralta at the deadline this year. The haul he would net from a playoff buyer would be impressive.

Use Woodruff (pass the option, but work out a 2-3 year deal) and Quintana to be the "veterans" (with his time on the IL, Quintana may come back at a bargainish rate) to mentor Patrick, Henderson, Myers, and Misiorowski. Add in Hall and Aaron Ashby as long guys.

Don't forget Woodruff is 3 years older than Peralta.  Plus N0 guarantees Brandon's injury recovery will be 100% A-OK perfect. 

[Roderick]

Freddy doesn't go deep enough into games to get ace money. 

I would offer 3 years - $69M, and assume I will be turned down.  Then plan on trading him this offseason.

[TURBO]

2 hours ago, Roderick said:

Freddy doesn't go deep enough into games to get ace money. 

I would offer 3 years - $69M, and assume I will be turned down.  Then plan on trading him this offseason.

Guys I talk Brewers baseball with a lot are now calling him 5 Inning Freddy.  Fastball Freddy has been retired.

[Outlander]

Peralta has never really gone deep into games, we have all seen him pitch for years. Over his 15 starts this year he is averaging more innings a game than he has in his career. Not by much but it isn't like this year is any different than the past.

[Lloyd330]

Its always been about pitch count with Freddy.  He's averaging 17.2 pitches per inning which is a lot. 

[Lloyd330]

Was tying to find a simialr player profile to Freddy that signed a contract recently and only one around the age i could find is Robby Ray back in 2021 -He signed a 5/115 contract with opt out after year 3. 

I think that is Freddy Ceiling for a contract

[Matt]

I can't think of a circumstance where I'm not trading Freddy. Love him, will always be a favorite, but just say no to investing long term in pitchers on the wrong side of 30. 

As for when to trade him, if I'm honest I'd say as soon as I get an offer I like. Holding onto him through this season risks his arm blowing up, and then the trade value of the #2 name available vanishes.