- The Hernandez extension may seem like an overpay, but the alternative — trading him for prospects and reallocating millions toward free agency — might be less appealing than it initially seems. Dave Cameron of FanGraphs explains that there’s a considerable cost for teams that attempt to rebuild regularly.
- Buster Olney of ESPN.com explains how the Mariners could be viewed as both winners and losers following their deal with Hernandez. There's no ambiguity about the significance of the deal for Justin Verlander, Clayton Kershaw and David Price, however; those three pitchers could be positioned for $200MM contracts, as Olney notes.
- Verlander exclaimed "Holy cow!" after hearing the news of Hernandez's deal with the Mariners, Bob Nightengale of USA Today reports. Verlander will be eligible for free agency after the 2014 season, and Nightengale notes that Verlander could be "baseball's first $200 million pitcher."
- Mike MacDougal will throw a bullpen for interested teams in Tempe this coming Tuesday, MLBTR has learned. The 35-year-old right-hander appeared in just seven games with Dodgers in 2012, but he posted a 2.05 ERA in 69 appearances with Los Angeles in 2011.
- The Padres should "seriously think" about trading Chase Headley before the start of the regular season, ESPN.com's Jim Bowden writes (subscription-only). Bowden notes that Headley is a free agent after 2014, and that he and the Padres haven't found common ground on a contract extension. Bowden lists the Reds, Mariners, Pirates, Blue Jays, Angels, Yankees and Tigers as possible trade destinations for Headley.
- Jon Paul Morosi of FOX Sports lists the Blue Jays, Reds, Nationals and Braves as winners this offseason, while placing the Rangers, Brewers and Yankees among the losers. The Blue Jays top the list of winners after trading for Jose Reyes, Josh Johnson, Mark Buehrle and R.A. Dickey.
- Last night Jason Martinez of MLB Depth Charts and I discussed the Hernandez deal and the most improved teams in the league on the latest edition of the Rosters & Rumblings podcast.
Charlie Wilmoth contributed to this post.