He's now the recipient of a contract that surpasses the seven-year, $210 million deal rotation mate Max Scherzer signed in 2015, and Strasburg is set up to pitch for the Nationals for his entire career.
David Price no longer holds the record for the largest contract in total value given to a starting pitcher in Major League Baseball history.
Washington drafted Strasburg, a San Diego native, out of San Diego State with the No. 1 pick in 2009, when he was considered one of the best prospects in history, and watched him become the ace they anticipated after battling injuries and overcoming Tommy John surgery.
The massive contract given to Strasburg would appear to eliminate the Nationals from the Rendon sweepstakes. Now, the bidding war and demand for the All-Star pitcher is so intense that he could land an eight-year deal worth upwards of $280 million. ESPN's Jeff Passan reported the deal is for seven years and $245 million. There's an outside chance that Cole ends up blowing away Strasburg's deal since the New York Yankees, Los Angeles Dodgers and Los Angeles Angels are each expected to bid for his services.
With Strasburg off the board, Gerrit Cole likely won't be far behind and will shatter the record contract that Strasburg just received.
Strasburg finished fifth in NL Cy Young voting previous year after posting a 3.32 ERA and 3.25 FIP over 33 starts and leading the National League in wins (18) and innings pitched (209).
He went 18-6 with a 3.32 earned-run average and 251 strikeouts during the 2019 regular season.
Strasburg went 5-0 with a 1.98 ERA in six games (five starts) during the postseason while leading the Nationals to their first title.