The 28-year-old Price, who long ago established himself as one of the best starting pitchers in all of baseball, has this season pitched to a 3.11 ERA (121 ERA+) in an MLB-leading 23 starts, and he's also logged a stellar K/BB ratio of 8.22. For his career, the former top overall pick has a 122 ERA+ and 3.45 K/BB ratio across parts of seven big-league seasons.
Price, a four-time All-Star, won the AL Cy Young award in 2012 and finished second in the balloting in 2010. The lefty Price is owed the balance of a $14-million salary for this season. Next season, Price, as a super-two player, is eligible for salary arbitration for a fourth time, so a hefty payday is in the offing. He's eligible for free agency after next season.
The Rays have walked the line between contending and rebuilding for several years now, flipping rotation stalwarts like Scott Kazmir, Matt Garza and James Shields for young players in recent seasons. Price continues to the cycle while Alex Cobb and Chris Archer front the team's pitching staff.
Tigers, meanwhile, now have the last three AL Cy Young Award winners on their roster in Justin Verlander (2011), Price (2012) and Max Scherzer (2013). Scherzer is due to become a free agent after the season and he has already rejected a $140+ million extension offer. Price gives the team some rotation protection should he sign elsewhere after the season.
Jackson, 27, is hitting .270/.330/.397 (99 OPS+) with 25 doubles and four home runs this season while played above-average defense in center. He is due to become a free agent after next season. The Mariners have been seeking a right-handed bat and Jackson gives them that.
The 25-year-old Smyly is 6-9 with a 3.77 ERA in 100 1/3 innings across 17 starts and three relief appearances this year. He can not become a free agent until after the 2018 season, so the Rays added another young, long-term piece to their rotation.
Franklin, 23, is a career .214/.291/.358 (85 OPS+) with 12 home runs in 119 career games over the last two seasons. He figured to be the odd man out in Seattle as soon as Robinson Cano signed with the Mariners over the winter. Franklin can't become a free agent until after the 2019 season.
Adames is only 18 but is a very highly touted prospect going from the Tigers to the Rays. He is hitting .269/.346/.428 with six home runs in 98 Low Class-A games this season. Obviously he is a long way away from the majors.
Sources:
http://www.cbssports.com/mlb/eye-on-baseball/24644962/report-tigers-acquire-david-price-from-rays
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