At the end of the day money talks, but if you pay close attention to what Matt Arnold and Pat Murphy say about Woodruff it is apparent they place a very high value on the intangibles he brings, especially to a pitching staff with a mitt full of pre-arbitration eligible starters: how he attacked his injury recovery, how he put in the preparation work, how he adapted his game to be effective with greatly diminished velocity, how he competes during the games.
Its probably inaccurate to approach Woodruff as a “what else could we buy if we had that money” situation, because if they can find numbers that work for both sides, they’ll bring him back on another contract, to be around the young pitchers in 2027 while he rehabs and gets back into game action.
Further, even with the dearth of quality starting pitching in MLB, there probably isn’t going to be significant free agent interest in Woodruff coming off a second capsular tear and having missed the majority of the 23-26 seasons with injuries, which also makes it all the more likely he’ll be back one some sort of minimal guarantee.