That's not what he's saying though. He's saying he's basing it off of the "now". I mean, if Houston offered that then but isn't now I don't see how he can hold other teams to what Houston offered him a few years ago. That makes no sense (Edit: meaning I agree with most posters that's not going to work out for him if that is indeed what he's doing). I think we've heard from enough players that have been going through this process that, in some cases, the teams aren't negotiating price. They're making take it or leave it offers and hoping guys panic and sign. They're playing bully-ball and it's worked for the most part. I think this most recent statement or report coming from Keuchel is him saying, I'm not panicking, you're going to have to negotiate with me if you want me to sign with you. I do not think it means that Keuchel has his price and won't budge from it, he's just not engaging with bully-ball tactics. That's my feeling, I could be wrong. I think it has alot more to do with trying to use other FA pitching contracts signed around the time he busted out and was one of the best lefty starters in the game back in 2014/2015, without factoring in recent changes to how front offices weigh player regression as they move past their prime into their early-mid 30's. The offseason before he won the Cy Young in 2015, Jon Lester signed a 6 yr, $155M deal that also had a few option years tacked on the back end of it with the Cubs as a 31 year old. Scherzer signed a 7 yr, $210 M deal with the Nats that same offseason as a 30 yr old. James Shields went 4 yrs, $75M as a 33 yr old. The offseason after Keuchel won the Cy Young, there were plenty of crazy FA pitching contracts handed out: David Price went for 7 yr $217M as a 30 yr old Greinke went 6 yr $206M as a 32 yr old Cueto went 6 yr $130M as a 30 yr old Zimmerman went 5yr $110M as a 30 yr old Samardzija went 5 yr $90M at 31 Kazmir 3 yr $48M at 32 Leake went 5 yr $80M at 28 So these contracts in a vacuum, particularly at the time Keuchel put up better stats than most of them, would seem to make his decision to turn down a 5 yr, $90M extension make alot of sense considering it would have bought out his Age 31 and 32 seasons in 2019-2020. However, the 2016-2017 offseason was a total bust for FA starting pitching contracts - 39 yr old Rich Hill and 32 yr old Jeremy Hellickson were basically the headliners. The following offseason, 32 yr old Darvish wend 6 yrs $126M to headline starter contracts - basically an $80M haircut compared to what Greinke got at that same age 2 years earlier. The trend started with an awful crop of FA pitchers after 2016, followed by a bunch of the 2017 FA pitchers falling on their faces after begrudgingly signing deals they all thought weren't rich enough. This last offseason Corbin went 6 yrs, $140M at 29, which based on AAV and assuming the two pitchers' projections are equal over the next 4 seasons would project Keuchel to get 4 yrs, ~$94M considering he's 2 years older. Problem for Keuchel is the projections indicate Corbin is a much better pitcher than Keuchel is at this stage. Long story short, I think Keuchel is basing too much of his valuation off what he was told he was worth 3-4 offseasons ago during his prime without factoring in both his own regression and how the baseball free agent market has devalued contracts to older pitchers.