BALTIMORE -- Over the past seven months, the Orioles have shown an increased willingness to make long-term financial commitments. Now, they’re doing so again.
Baltimore is finalizing a five-year, $68 million extension with right-hander Shane Baz, a source told MLB.com on Friday. The club has not confirmed the imminent deal.
Baz will join catcher Samuel Basallo and first baseman Pete Alonso as O’s players under contract through at least the 2030 season. Basallo signed an eight-year, $67 million extension last Aug. 22, while Alonso inked a five-year, $155 million contract on Dec. 11.
The deal for Baz will begin now and cover his remaining arbitration years (2027 and ‘28) and buy out two free-agent years (‘29 and ‘30). The 26-year-old hasn’t been in the organization long, as he came to the Orioles in a Dec. 19 trade that sent four prospects and a 2026 Competitive Balance Round A Draft pick (No. 33 overall) to the Rays.
Baz is scheduled to make his Baltimore debut against the Twins on Sunday, when he’ll start the finale of the season-opening three-game series at Camden Yards. He had an impressive first Spring Training with the O’s, recording a 2.61 ERA with 14 strikeouts in 10 1/3 innings over three exhibition starts.
A first-round Draft pick of the Pirates in 2017, Baz was dealt to the Rays as part of the Chris Archer trade on July 31, 2018. He struggled to stay healthy early in his time with Tampa Bay, making only 23 big league starts from 2021-24 and missing all of the ‘23 campaign after undergoing Tommy John surgery in September 2022.
But Baz put together a full MLB season for the first time in 2025, posting a 4.87 ERA in 31 starts. However, many of his issues came at George M. Steinbrenner Field -- the Yankees’ Spring Training ballpark that served as the temporary home to the Rays for one season -- as he had a 5.90 ERA in 16 home outings and a 3.86 ERA in 15 road appearances.
Baz has a deep arsenal of pitches, headlined by a four-seam fastball that sits around 96-97 mph (per Statcast) and can touch 98-99. He also relies heavily on both a knuckle curve and a cutter, while also mixing in other secondary pitches.
The Orioles are quite high on Baz’s upside, as they believe he has the potential to develop into a top-of-the-rotation arm. If he does so this season, he’ll group well with left-hander Trevor Rogers and right-hander Kyle Bradish at the front of Baltimore’s staff.
It’s not surprising that the O’s have spent more money in recent years. The team was purchased by a group led by private equity billionaire David Rubenstein in March 2024, and after that, the club expressed a willingness to spend big.
The financial flexibility has benefited president of baseball operations Mike Elias and the Orioles’ front office, as they’ve been willing to shop in the higher ends of the market. They didn’t complete a ton of lucrative deals at first, but that has clearly changed of late, as proven by the commitments to Basallo, Alonso and now Baz.