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Pedro Martinez

Boston Red Sox and Historic World Series Victory

Traded to the Boston Red Sox in November 1997, Martínez agreed to a six-year, $75 million contract—then the highest for a pitcher. He impressed immediately, posting a 19–7 record and a 2.89 ERA in his first season. Martínez delivered dominant performances for several years, forming a vital part of the Red Sox rotation. In 1999 and 2000, he posted historic numbers, including a 1.74 ERA in 2000, despite competing in the height of the steroid era.

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His Red Sox tenure culminated in the 2004 World Series championship, where the team swept the St. Louis Cardinals. Though other stars also played significant roles, Martínez’s outstanding postseason performances contributed to breaking the franchise’s 86-year title drought.

Later Career and Retirement

In December 2004, Martínez signed a four-year contract with the New York Mets. Although injuries began to hamper his effectiveness, he recorded a strong 15–8 season in his first year with the Mets in 2005. He pitched for them through 2008, followed by a brief stint with the Philadelphia Phillies in 2009, where he served as a veteran presence and helped the team reach the World Series.

Pedro Martínez officially retired in December 2011, closing his career with a remarkable 219–100 win-loss record and a 2.93 earned run average.

Personal Life and Philanthropy

Martínez met Carolina Cruz in 1998 while she was a sophomore at Boston College and he was pitching for the Red Sox. She was a standout volleyball player majoring in journalism. The couple married in 2005, and Carolina later became a reporter for ESPN Deportes.

Together, they co-founded the Pedro Martinez and Brothers Foundation, which operates in both the Dominican Republic and the United States. The foundation primarily focuses on improving healthcare, education, and youth development in underserved communities. Additionally, Carolina developed her own initiative, “The Power of Learning,” which empowers young women in the Dominican Republic through access to quality education.

Legacy and Honors

Post-retirement, Martínez remained connected to the game, joining the Boston Red Sox in 2013 as a special assistant to then-general manager Ben Cherington. In January 2015, his baseball legacy was immortalized with his election to the National Baseball Hall of Fame, receiving 91.1% of the vote on his first ballot. That same year, the Red Sox retired his jersey number 45 in recognition of his immense impact on the franchise.

Pedro Martínez’s net worth is estimated to be around $70 million, a reflection of both his successful career and endorsements. As a player, philanthropist, and mentor, he has left an indelible mark on the world of baseball and beyond.

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Quick Facts
Description: Municipality of Spain
Net Worth 2021: 50 million
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Last Modified: Aug 10 2025
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