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TUESDAY: There's no opt-out clause in Cordero's minor league deal, tweets Peter Abraham of the Boston Globe.
MONDAY: Jon Heyman of CBS Sports tweets that Cordero's base salary upon making the team would be $1MM.
SUNDAY: The Red Sox have signed Francisco Cordero to a minor league deal, according to John Tomase of the Boston Herald (on Twitter). The former closer last appeared in the majors in 2012 with the Astros.
Cordero underwent surgery to his non-throwing shoulder early in 2013 and was said to be targeting 2014 for his big league return. The 38-year-old posted a 7.55 ERA, 7.1 K/9, 4.1 BB/9, 2.06 HR/9, and 39.6% groundball rate in 39 1/3 innings for the Blue Jays and Astros in 2012. He lost the Jays' closer job in May of that year, was traded to Houston in July, and was released by the Astros in September after hitting the DL with a toe injury. Cordero owns a 3.38 ERA, 8.7 K/9 and 4.1 BB/9 over the course of 824 2/3 career innings.
After a quiet offseason for the Orioles, the team pounced in mid-February, officially announcing a three-year deal for righty Suk-min Yoon yesterday but more significantly (from a financial standpoint, at least) agreeing to a four-year, $50MM contract with Ubaldo Jimenez. Baltimore surrendered the No. 17 pick in this year's draft to issue the largest contract for a pitcher in franchise history. Some early reactions and fallout in the wake of the Jimenez pact…
- Deep down, the Indians never really wanted Jimenez back in Cleveland, writes Paul Hoynes of the Cleveland Plain Dealer. While the team admired Jimenez's work ethic and felt he was a positive presence in the clubhouse, they didn't feel his wild performance swings were worth the trouble. Hoynes points out that it's a bonus that Baltimore landed Jimenez, because their forfeiture of the No. 17 pick allows Cleveland to move from No. 22 overall to the No. 21 overall pick in the first round.
- ESPN's Keith Law writes that despite the associated risk, the contract is a win for the Orioles (ESPN Insider required and recommended). He feels the $12.5MM annual value can end up being a bargain for a pitcher that at times shows three pitches which grade as a 60 or better on the 20-80 scale. Additionally, it allows Kevin Gausman to work on the consistency of his slider in the minors, which he will need in order to thrive as a Major League starter.
- Law's colleague Buster Olney reports that the Orioles upped their offer from three to four years under the belief that the Red Sox and Blue Jays were both aggressively pursuing Jimenez. However, his sources indicate that neither club actually made an offer (Insider required). Olney points out some risks, such as Jimenez's struggles in limiting the running game, and he also opines that the O's should be more willing to lose further draft picks by pursuing Nelson Cruz, Kendrys Morales and perhaps even Stephen Drew.
- MLB.com's Britt Ghiroli runs down what the Jimenez signing means for other pitchers in the organization. Chris Tillman, Wei-Yin Chen and Miguel Gonzalez are locks (health-permitting), she writes, but Yoon, Bud Norris and out-of-options Zach Britton will battle for the fifth slot. Gausman is almost certainly ticketed for the minors, she writes. Ghiroli also reports that manager Buck Showalter said he prefers an everyday DH and that the best deals often happen in late spring, suggesting that someone such as Morales could be a fit after all.
- The Jimenez signing should help to discredit the feeling that Orioles owner Peter Angelos is not willing to spend to win, writes the Baltimore Sun's Peter Schmuck.
- The Sun's Eduardo A. Encina writes that the Orioles' recent international signings made it slightly easier for executive vice president Dan Duquette to surrender the No. 17 pick, as he felt the club added some additional high-upside talent with those moves.
- Jimenez turned his career around by relying less on his fastball and more on his offspeed stuff — most notably his splitter, writes Eno Sarris of Fangraphs. Jimenez entered the 2013 season having thrown his split just three percent of the time over his career but threw it 14 percent of the time in 2013 with a 17 percent swing-and-miss rate, which helped offset his diminished velocity. If that trend continues, the $12.5MM annual value can be a bargain, Sarris concludes.
- The Orioles and Jimenez have been working on this deal for a long time, but things came together quickly yesterday when Baltimore conceded and added a fourth year, writes MASNsport.com's Roch Kubatko.
- Joel Sherman of the New York Post tweets that with Jimenez and Matt Garza each landing four-year, $50MM contracts, Ervin Santana's agents now have a great deal of pressure in trying to match that figure. Sherman also spoke to an executive who called Jimenez the "ultimate crapshoot," noting that Baltimore could be getting a star or a bust. That same exec wondered if Jimenez will struggle facing more patient lineups in the AL East (Twitter links).
Extension season is unquestionably upon us, with several notable deals going down in recent days. What else might be forthcoming? Last year, between February 17th and April 4th, major league clubs committed a cool $641.4MM to extend nine players over a total of 45 years.
We just took a look at the latest on Chase Headley and the Padres, who seem at a standstill as the third baseman approaches his walk year. Yesterday, we heard that the Reds and Homer Bailey could be approaching a lengthy new deal. Here are some more notes on potential extension situations around the game:
- The Red Sox have yet to initiate extension talks with Jon Lester, the lefty said today. As Peter Abraham of the Boston Globe reports, however, Lester remains unconcerned. The 30-year-old indicated that he was willing to talk through the season. "If it's something we do get done in Spring Training, great," said Lester. "If it's not, I think you have to take everything as it comes. If that involves going through the season still talking or getting it done early, you have to play it by ear." He also made clear that he stands by earlier statements that he hopes to reach a deal to stay in Boston, but did not promise a breezy negotiation. "I'm not going to go back on what I said," Lester explained. "I said what I said from the heart and I mean it. We'll see where it goes from there. We've still got a long way to go. It's going to be a tough process."
- Justin Masterson and the Indians are making final preparations for their arbitration hearing on Thursday, reports Paul Hoynes of the Cleveland Plain Dealer. But Masterson — who will become a free agent in 2014 if he does not reach a new deal — indicated that he was still hoping to talk out of the adversarial process. Though apparently aimed at his 2014 salary, rather than long-term possibilities, Masterson's comments were interesting. "We're seeing if it's possible if we can make something happen before we leave [for the arbitration hearing]," said Masterson. "We're trying to see if we're being too stubborn or not. We're trying to be smart and reasonable. We're definitely moving a little bit here and there to see what can happen."
- After posting a breakout year just in time for his first season of arbitration eligiblity, Cubs hurler Travis Wood says that he has had little dialogue about an extension, reports Mark Gonzales of the Chicago Tribune (subscription link). After landing a $3.9MM contract to avoid arbitration, it does not sound as if Wood is expecting further discussions before the start of the season. "We'll see what happens," said Wood. "I would love to stay here, but right now we've got to get focused on spring and get ready for the season."
The Braves have signed Freddie Freeman, Julio Teheran and Craig Kimbrel to long-term deals in recent weeks, but don't expect them to do the same with Jason Heyward, David O'Brien of the Atlanta Journal-Constitution writes. Heyward recently signed a two-year deal with Atlanta that did not delay his free-agency eligilibility, and now it will be difficult for the Braves to get Heyward to commit to a deal that's worth less per year than the $20MM-$22MM Freeman will get at a comparable point in his service-time clock. Here's more from the East divisions.
- Homer Bailey's negotiations with the Reds could have an impact on Justin Masterson and the Indians, the Plain Dealer's Paul Hoynes writes. Hoynes broke the news that Bailey and the Reds are in discussions about a six-year deal that could be worth $100MM, and a Bailey deal could set a precedent for an extension for Masterson, who was similarly valuable in 2013 and also is eligible for free agency after the 2014 season.
- The Yankees spent heavily this offseason, but they now have a injury-prone, top-heavy roster and little depth, Joel Sherman of the New York Post argues. That's especially true in their infield, although Sherman notes the situation might have been better if the Yankees had acquired Jhonny Peralta, Omar Infante or Logan Forsythe, all of whom they pursued this offseason (Peralta and Infante on the free-agent market, and Forsythe via trade).
- The Red Sox are making plans now that Ryan Dempster and his salary are out of the equation for 2014, writes CSNNE.com's Sean McAdam. McAdam writes that the Red Sox have known about Dempster's decision for the past two weeks and have been looking for a veteran free agent pitcher, but probably one who would start the season at Triple-A and provide depth. The Red Sox could also save Dempster's salary for a trade-deadline acquisition.
- Stephen Drew and the Mets still aren't close on a contract, Newsday's Marc Carig reports. Carig also notes that the Mets have interest in former Pirates closer Joel Hanrahan, who is making his way back from Tommy John surgery. The Mets' level of interest may depend on how well the team does at the beginning of the season. Hanrahan is not expected to be ready to pitch until May.
- The Phillies still aren't interested in rebuilding, writes USA Today's Bob Nightengale. "We're committed to this core. We want to surround them with the best possible players. In time, hopefully we'll be able to transition to some of younger players," says Phillies president David Montgomery. "But now, we want to give this group every chance to win.'' GM Ruben Amaro Jr., meanwhile, repeats that he expects the Phillies to do better this season because of improved health. "Listen, if Ryan [Howard] is on the field, we are winning games," Amaro says.
Here's the latest from Ken Rosenthal of FOX Sports:
- Rival executives aren't all enthusiastic about Craig Kimbrel's new deal with the Braves, citing the downside risk in long-term deals for closers. Rosenthal notes, however, that Kimbrel's new contract could reduce the Braves' payouts in what would have been his arbitration years.
- The Braves' new ballpark galvanized the team's recent extension spree, GM Frank Wren says.
- The Red Sox have enough depth that they don't need to worry about replacing Ryan Dempster in their rotation. The $13.25MM they would have paid Dempster also might not have a huge impact on whether or not they sign Stephen Drew. Signing Drew would cost the Red Sox the compensation pick they would receive if he were to sign elsewhere, and it would have implications for youngsters Xander Bogaerts and Will Middlebrooks as well.
- A.J. Burnett says the two years he spent with the Pirates marked a new phase of his career. "I found who I was again, I guess," says Burnett. "I will never put myself in the same category as a (Roy) Halladay, ever. But as far as mentor-wise and player relations-wise, I became that guy over there. … It showed me who I was, who I could have been for a long time that I wasn't." After the Yankees traded him to Pittsburgh, Burnett emerged as a leader to younger pitchers like Jeff Locke and Charlie Morton.
Earlier today, Ryan Dempster announced he will not pitch in 2014 forfeiting the $13.25MM he was due in the final year of his pact with the Red Sox. Boston, however, does not intend to pursue Ervin Santana, Ubaldo Jimenez, or other free agent starting pitching, writes WEEI.com's Alex Speier. The Red Sox expect to slot Felix Doubront into the starting rotation and Brandon Workman into the swingman role with their stable of pitching prospects providing depth, according to Speier. Elsewhere in the American League:
- Speier notes in the same article the Red Sox have newfound financial flexibility with Dempster's salary now off the books. Boston projects to have a 2014 payroll of $176MM (including $9MM allocated for in-season trades and roster additions), a $13MM cushion against the luxury tax. The Red Sox could re-sign Stephen Drew, but Speier wonders whether common ground can be found.
- GM Ben Cherington passed on the opportunity to discuss the Red Sox's unexpected financial windfall saying the focus should be on Dempster, reports the Boston Globe's Pete Abraham.
- Joel Sherman of the New York Post tweets the Yankees are not considering any additional free agent acquisitions, which would rule them out on Drew.
- Jimmy Paredes, claimed on waivers yesterday by the Orioles, is a prime candidate to lose his 40-man roster spot once the team makes its signing of Suk-Min Yoon official, according to MASNsports.com's Roch Kubatko. Yoon has passed his physical, per multiple reports.
- Mark Mulder, who saw his comeback bid with the Angels end when he ruptured his left Achilles tendon, told reporters, including Alden Gonzalez of MLB.com, he has yet to decide whether he will attempt another return in 2015. "I'd love to say yes, but I don't know. I have to wait and see what the doctors say — see what the process is of how healthy I can get it, how good it feels." Mulder undergoes surgery Monday and the rehab could last up to eight months.
In today's column, Nick Cafardo of the Boston Globe ranks the top managers in MLB. Red Sox skipper John Farrell comes in at No. 1 thanks to his communication skills, ability to delegate responsibilities well, and, of course, his 2013 World Series ring. Bob Melvin, Terry Francona, Bruce Bochy, and Joe Maddon round out the top five. More from today's column..
- There have been no talks concerning a contract extension between the Indians and Asdrubal Cabrera. Cabrera can become a free agent at the end of the season, but it appears the Indians want to see how he rebounds from a down season. Cafardo sees the shortstop as a potential target for the Yankees next offseason.
- The Dodgers outfield surplus should work in their favor to start the year with Matt Kemp on the mend, but that doesn't mean GM Ned Colletti won't consider a move later in the season. One National League special assistant believes that Andre Ethier would work out very well with the Red Sox. “He needs someone to kick him in the butt, that’s why he would be perfect in Boston with [Dustin] Pedroia. That’s his buddy, and Pedroia would get the most out of him. He doesn’t have anyone like that in L.A.,” said the exec.
- Don't be surprised if the Yankees' efforts to land Ervin Santana intensify in the coming weeks. Even after landing Masahiro Tanaka, the Bombers could use one more solid starter to round out their starting five.
- J.J. Hardy is in the final year of his contract with the Orioles and they would like nothing more than to keep him. Baltimore will have to pony up some serious cash, however, as he could demand a deal of at least five years, possibly in the $15-17MM range.
Ryan Dempster won't pitch for the Red Sox in 2014 due to physical reasons and a desire to spend more time with his kids, tweets Ken Rosenthal of FOX Sports. The Red Sox are expected to place the veteran on the restricted list, meaning that Dempster will not receive his $13.25MM salary in 2014, according to Rosenthal (link).
“I don’t feel like I am capable of performing to the ability and standard that I am accustomed to. I feel it’s in the best interest of both the club but most importantly myself to step away from playing baseball at this time," said the 36-year-old (via Twitter links). "The time is right. I’m not saying retirement but I definitely won’t be playing this season."
Dempster's decision could have quite the reverb effect for the Red Sox. If they place him on the restricted list as expected, the club will now have an additional $13.25MM of breathing room with regards to the luxury tax which would free them up to spend elsewhere. While many of this offseason's top free agent draws are off the board, this development could pave the way for Stephen Drew to return to Boston.
The news also means that the Red Sox no longer have a surplus of starting pitching to work with. There was some speculation that Boston would entertain the idea of dealing one of their starters for help in another area but that no longer appears to be a viable option.
In 2013, Dempster posted a 4.57 ERA with 8.2 K/9 and 4.1 BB/9 in 29 starts and three relief appearances. For his career, Dempster owns a 4.35 ERA with 7.8 K/9 and 4.0 BB/9.
Settling with Miller means the Sox will not go to arbitration with any of their eligible players this winter. When they exchanged figures earlier this offseason, Miller requested $2.15MM and the Sox countered with $1.55MM. The $1.9MM contract is just above the midpoint between those two figures and is an exact match for this offseason's projection by MLBTR's Matt Swartz.
Miller arrived in Boston in a 2010 trade and was excellent in 2012, posting a 3.35 ERA in 40 1/3 innings. The lefty was building upon that campaign in 2013, allowing just a 2.64 ERA through early July, when he succumbed to a foot injury.
The Rays haven't yet traded David Price, and Price thinks the holdup on the pitching market due to Masahiro Tanaka's arrival might be the reason why, ESPN's Jayson Stark writes. "With Tanaka not being able to sign until the 24th [of January] and stuff like that, it seemed like teams waited for that market to fall," Price says. "You know, if he had signed during the winter meetings or something, it might have been a little bit different. That would have given teams a lot more time to figure out what they wanted to do." Still, Stark quotes an executive who notes the Rays will still probably eventually trade Price, because deals for players like Wil Myers and Chris Archer are currently the Rays' most reliable way to accumulate talent, since recent drafts haven't yielded much top talent and since they don't have the budget to acquire key players on the free-agent market. Here are more notes from around the Majors.
- Brett Wallace isn't concerned that the Astros removed him from their 40-man roster, Evan Drellich of the Houston Chronicle reports. His goal before was to win a job coming out of camp, and that's still his goal. "I was coming in here to win a job anyway. Being on the roster doesn't guarantee you anything," he says.
- John Mayberry Jr. and Kevin Frandsen, who were both eligible for arbitration this winter, both now have contracts that are guaranteed, writes Matt Gelb of the Inquirer. Mayberry is under contract for $1.59MM, while Frandsen will make $900K. That could affect the Phillies as they try to set their roster, because they can't cut either of them in spring training without running the risk of paying them their entire salaries anyway. Often, contracts for players in their arbitration-eligible seasons are non-guaranteed, as was the case with, for example, Emilio Bonifacio and the Royals. When the Royals designated Bonifacio for assignment, they paid only a percentage of his $3.5MM salary.
- Manager John Farrell says the Red Sox still don't know whether Stephen Drew will return to them, and they don't want a "lingering what-if" in the clubhouse as the season approaches, WEEI.com's Alex Speier reports. Shortstop Xander Bogaerts would move to third base and third baseman Will Middlebrooks would move to the bench if Drew were to re-sign.