Jacob DeGrom Current Salary and Contract Structure
Jacob DeGrom earned a base salary of $36 million for the 2024 MLB season as part of his contract with the Texas Rangers, according to Spotrac. His average annual value is roughly $36 million, making him one of the highest-paid pitchers in Major League Baseball. The deal includes standard incentives tied to innings pitched and games started, which can adjust his total compensation slightly each year.
His current contract runs through the 2025 season with a club option for 2026, as reported by Spotrac. The base salary for the 2025 season is expected to remain near the $36 million mark unless modified by performance bonuses or opt-out clauses. DeGrom's total guaranteed money under the current deal places him among the top earners on the Rangers roster.
Career Earnings and Contract History
Before joining the Rangers, DeGrom signed a five-year, $137.5 million extension with the New York Mets in 2019, as documented by Over the Cap. That deal averaged roughly $27.5 million per year and included opt-out provisions after the 2022 and 2023 seasons. His decision to opt out and later sign with Texas reshaped his annual earnings trajectory.
His career MLB earnings across all contracts now exceed $250 million in guaranteed money, according to Spotrac. The move to Texas in late 2022 increased his per-season pay by roughly $8 to $9 million compared with the final years of his Mets deal. DeGrom's combined salary from the Mets and Rangers reflects his status as a two-time Cy Young Award winner.
Comparison to Other MLB Pitchers and Earnings Context
DeGrom's $36 million annual salary ranks among the top ten highest for pitchers in MLB as of the 2024 season, per Spotrac. He earns more than many established ace-level starters but remains below the largest multiyear deals signed by pitchers such as Justin Verlander and Max Scherzer in recent years. His per-game earnings in a standard start are estimated at over $200,000 based on a 32-game rotation slot.
The Texas Rangers structure his deal with a mix of salary and performance bonuses rather than heavy deferred payments, which keeps his annual cash compensation high relative to peers, as noted by Spotrac. His salary is fully guaranteed for each active season under the current agreement, with no deferred amounts beyond normal payroll timing. Compared with the league median pitcher salary, DeGrom's earnings are more than double the average.