MLB Rumors: Astros 'Balked' at Blake Snell's 2-Year, $60M Contract Asking Price

The Houston Astros showed interest in starting pitcher Blake Snell in free agency, although a contract agreement doesn't appear to be happening anytime soon.

Bob Nightengale of USA Today reported on Sunday that the Astros "exchanged contract proposals this week" for the left-hander, although they "balked" at Snell asking for a two-year guarantee for $60 million as well as an opt-out at the end of the 2024 season.

Nightengale noted that the San Francisco Giants are the "favorite" for his services, although the team is also waiting for his contract demands to decrease.

Although the Astros won 90 games and made a postseason appearance in 2023, they suffered a heartbreaking defeat in the ALCS after losing to the Texas Rangers in seven games. Starting pitching was an issue for Houston, as all four pitchers to earn a start against the Rangers combined to allow 23 runs (22 earned) in 30 innings of work in the series (via Pro Baseball Reference).

While Snell fits on the team's roster, his potential contract doesn't. The Astros currently have a projected luxury payroll of $256.828 million and would surpass the second tax threshold of $277 million if they sign him to a deal worth more than $20 million annually (per Nightengale).

Despite winning the 2023 National League Cy Young award, the 31-year-old still hasn't signed with a team in free agency. Concerns over his ability to pitch late in games combined with his reportedly high asking price have kept potential suitors away. Mark Fiensand of MLB.com revealed on Jan. 20 that "many believe" Snell was looking for a contract worth more than $200 million.

As a member of the San Diego Padres in 2023, he accumulated a league-leading 2.25 ERA in 32 starts. Snell also finished with a 14-9 record, recording 234 strikeouts in 180 innings of work.

However, he likely won't be making regular appearances at Minute Maid Park in 2024 unless he's willing to come down on his asking price.