Significance of Jordan Montgomery to the Yankees

New York Post sportswriter Jon Heyman reports that the Yankees are thinking about bringing back Jordan Montgomery, a mainstay in their rotation in the past.  It seems like the Yankees are doing more than just doing their homework on Montgomery as a potential offseason acquisition; according to Heyman, “the Yankees have been particular about rotation targets.”  The Yankees’ pitching wishlist has reportedly included Frankie Montas, Yariel Rodriguez, Yoshinobu Yamamoto, and Aaron Nola (before Nola re-signed with the Phillies). Despite Ohtani’s ineligibility to pitch in 2024, the Bronx Bombers likely still have interest in him.

Having begun his professional career in pinstripes after being selected in the fourth round of the 2014 draft by the Yankees, Montgomery is obviously a familiar face for the team.  During his major league debut in 2017, Montgomery established himself as a reliable and maybe underappreciated starter for the New York Mets with a 3.94 ERA, 22.68% strikeout rate, and 6.93% walk rate in 502 2/3 innings.

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The star power (and free agent valuation) of Montgomery, meantime, kept on rising.  Montgomery had a strong 2022 and 2023 with the St. Louis Cardinals, but the trade deadline saw him traded once again, this time to the Texas Rangers, due to the Cardinals’ own troubles.  After that, Montgomery was an integral part of the Rangers’ journey to the World Series. The left-handed pitcher had a 2.79 ERA in 67 2/3 innings during the regular season, which was enough to get Texas into the playoffs; in 31 frames during the postseason, his ERA dropped to 2.90.

Based on our projections, Montgomery is expected to sign a six-year, $150MM contract. He was ranked sixth among the top 50 free agents this winter by MLBTR.  Despite being six months older and having a previous Tommy John surgery on his record, Montgomery has a good chance of beating our prediction, just like Nola did after receiving the same projection and landing a seven-year, $172MM deal from Philadelphia.  A team that signs Montgomery, though, won’t have to give up any draft picks or money from the international pool because he wasn’t qualified for the qualifying offer because of the deal that happened in the middle of the season.

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One can reasonably wonder if the baggage of Montgomery’s history with the Yankees prevents them from reaching an amicable agreement.  Since general manager Brian Cashman’s doubts about Montgomery’s ability to start in the postseason have been dispelled, he might use a $150 million contract as a public apology for the Bader trade.  Perhaps Montgomery will consider this a stepping stone and be open to returning to the Bronx to finish up some unresolved business.  But it’s also conceivable that Montgomery is just looking to move on from a team that saw him as expendable and would rather sign with a new squad or return to one of his old clubs in St. Louis or Texas.