MLB News: Dodgers and Edwin Diaz Reportedly Agree to Three-Year Deal

The rich continue to get richer as Edwin Diaz is joining the Los Angeles Dodgers.

The back-to-back reigning champions and Diaz reportedly reached a deal that will give them the best closer on the market, snatching Diaz from Steve Cohen and the New York Mets after a seven-year stay.

Diaz’s contract is reportedly for three years and is worth $69 million.

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Diaz’s first season with the Mets was an absolute nightmare, as he posted a 5.59 ERA after leading the majors with 57 saves with the Seattle Mariners. But since then, he has been dominant with a 2.36 ERA, posting three seasons with an ERA no higher than 1.75.

Last season, Diaz was a single bright spot for a disappointing Mets team that missed the postseason despite a payroll of more than $300 million. He posted a 1.63 ERA and struck out 98 batters in 66.1 innings, recording 28 saves.

New York Mets reliever Edwin Díaz works the ninth inning of a baseball game against the Atlanta Braves, Monday, July 11, 2022, in Atlanta. (AP Photo/John Bazemore)

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If there was one thing the Dodgers needed it was a closer, as starting pitcher Yoshinobu Yamamoto got the final outs of their second straight World Series victory early last month. They signed Tanner Scott to a four-year contract last offseason, but injuries and poor performance played a role. Thus, the Dodgers got the big fish they were looking for.

Diaz’s deal is the largest average annual value ever given to a reliever.

Edwin Diaz #39 of the New York Mets reacts after the eighth inning against the Los Angeles Dodgers at Citi Field on September 1, 2022 in New York City. (Jim McIsaac/Getty Images)

The Dodgers aren’t done either, as there’s plenty of speculation that back-to-back Cy Young Award winner Tarik Skubal could get there via trade.