Philadelphia Phillies: Jake Arrieta signing makes team playoff contenders

Jerry Lai-USA TODAY Sports

Acquiring Jake Arrieta would come at a (high) cost, with our estimation worth of 4 years, $112 million - but we will find out for sure once the Philadelphia Phillies confirm (or not) these reports.

The Phillies were long rumored to show interest in Arrieta this offseason, more recently via a February 20 report by FanRag Sports' Jon Heyman that said the two sides were "having dialogue" and a March 11 report by USA Today's Bob Nightengale saying the Phillies were "looming as the favorite". Arrieta may have plenty of catching up to do since his new teammates have already been participating in spring training for quite a while now, but that's nothing the veteran isn't capable of handling.

Arrieta recently turned 32 and is fresh off a 14-10 season with a 3.53 ERA in Chicago. ESPN's Jerry Crasnick reported in December that Arrieta's agent, Scott Boras, was seeking a deal in the $200 million range for his client.

Update (5:22 PM ET): The three-year deal is for $75 million in total, per Nightengale. The Phillies have always been a rumored landing spot for Arrieta, along with the Nationals and Padres.

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The move comes with less than three weeks to go until Opening Day.

Arrieta makes a lot of sense for the Phillies, who are close to being legitimately competitive for the first time in quite a few years. Rookie manager Gabe Kapler first announced that Nola would be the slated as the club's No. 1 starter on February 25. Aaron Nola is a phenomenal young pitcher and Jerad Eickhoff has been solid when healthy, however the rest of the projected rotation has been shaky at best. No word yet on the length or total value of the reported deal.

Arrieta is 2-0 with a 0.60 ERA and 0.733 WHIP in 15 innings all-time at Citizens Bank Park.

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