Bedard had a great season but his history doesn't support the idea that he's likely to repeat it (at least at that level). Yes his peripherals were great last season but his K/9 jumped and his BABIP dropped by a lot. He's probably due for a little bit of regression but should be able to keep an ERA+ around 115-125.
You can't compare him to Santana. Santana has a career ERA+ of 141. Remember that Santana has stated that he wants a long term deal to waive his no trade clause. Therefore the team that gets him will keep him.
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