Diamondbacks sign up-and-coming reliever to absolute bargain contract extension

Justin Martinez, the Diamondbacks closer of the future, has agreed to a five-year extension that projects to be a significant bargain down the road.
Arizona Diamondbacks pitcher Justin Martinez during spring training workouts at Salt River Fields at Talking Stick on Feb. 14, 2025, in Scottsdale.
Arizona Diamondbacks pitcher Justin Martinez during spring training workouts at Salt River Fields at Talking Stick on Feb. 14, 2025, in Scottsdale. | Rob Schumacher/The Republic / USA TODAY NETWORK via Imagn Images

The Diamondbacks have locked up another member of their young core to an extension. Moises Fabian of Mega 97.9 FM reports that Justin Martinez has agreed to a five-year, $18 million extension plus options for the 2030 and 2031 seasons at $7 million and $9 million respectively.

At first glance, this looks like a massive steal for the Diamondbacks. Martinez is one of the up-and-coming relievers, pitching to a 2.48 ERA in 72.2 innings in his rookie season. He quickly emerged as one of the back-of-the-bullpen arms as a rookie, although he struggled with consistency in his first taste as a closer. However, it's only a matter of time before he's ready to take on the role on a more permanent basis.

Martinez offers some of the best pure stuff in the Diamondbacks organization. His fastballs sit triple digits and can run up to 103 MPH with a slider and splitter that can make batters look foolish. The combination of premium octane gas plus a pair of quality secondary pitches makes him a tough at-bat. With further refinement of his command, he'll develop into one of the best closers in baseball.

At a guaranteed cost of $18 million, with a max value of $39 million if he hits all escalators, if both options are exercised, this contract has a chance to be a massive steal for the Diamondbacks. There is some risk involved with signing a player to an extension, but the potential payoff makes it worthwhile. By getting out in front of Martinez's breakout, the payoff is having an All-Star closer at a significant discount.

The going rate for a top closer in the free agent market is worth $18-20 million per season. Edwin Diaz got a five-year, $102 million deal while Josh Hader got five years, $95 million. Should Martinez develop as expected, that would be his going rate should he hit free agency. With the two option years, exercising both of them will be a no-brainer if he stays healthy.

Martinez joins Geraldo Perdomo and Corbin Carroll as players under contract through at least the 2029 season. Diamondbacks general manager Mike Hazen has done a solid job of building up this young core and finding a way to keep them around. That in turn has made Arizona an attractive free agent destination, as players want to win and play for a good organization.

For Martinez, $18 million is a life-changing amount of money. The question now remains if the contract will make him overamped or to relax as that's one less thing to worry about.

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