Jon Heyman of CBS Sports first reported the two sides were nearing a deal. ESPN’s Buster Olney reported the terms of the contract, which includes a sixth-year player option that will vest based on innings pitched in the 2019 and 2020 seasons and would increase the contract value to $96 million over six years. The deal also includes an opt-out after the second year and does not have a no-trade clause.
Chen, 30, went 11–8 last season with the Orioles, posting a 3.34 ERA. In four seasons with the Orioles, he went 46–32 with a 3.72 ERA after coming to MLB from Taiwan.