The Brewers declined their end of a $12MM mutual option on Wade Miley, tweets Adam McCalvy of MLB.com. They’ll pay a $1.5MM buyout to send him back to free agency.
It’s an easy call for the team. He’ll miss a good chunk of the season after undergoing Tommy John surgery in April. A $12MM salary for Miley would’ve been rich even if he were healthy. The veteran left-hander signed for $8.5MM last winter, taking the form of a $7MM salary and the option buyout. That was after a season in which he turned in a 3.14 ERA over 23 starts. He took the ball just twice this year before his elbow gave out.
Miley has battled injuries in recent years. Elbow and shoulder troubles have hampered him since 2022. When healthy, the 37-year-old (38 next month) has managed strong results despite middling velocity and whiff rates. Miley has posted a sub-4.00 ERA in each of the past three seasons in which he has topped 100 innings.
Assuming he’s going to continue pitching, Miley should land an incentive-laden deal. A minor league contract isn’t out of the question, though it wouldn’t be surprising if he secures a base salary in the $2-4MM range with the ability to tack on earnings based on next year’s workload.
Miley’s option is one of a staggering seven decisions involving the Brewers. Rhys Hoskins holds an $18MM player option. Milwaukee has easy calls to exercise team options on Freddy Peralta and Colin Rea. The Brewers have an option on Devin Williams, who’ll be eligible for arbitration even if they decline it. Frankie Montas, Jakob Junis and Gary Sánchez each have mutual options. They’re all likely to become free agents.