Grant Balfour Rumors
Checking In On Former Rays Relievers
Six prominent Rays relievers hit free agency and signed elsewhere for a total of $67.65MM last offseason (for reference, the Rays’ payroll has surpassed that figure exactly once since 2000). We know how the Rays' new 'pen is working out (pretty well, so far) but let’s check in on last year’s relievers:
- Rafael Soriano - three years/$35MM, Yankees - After allowing 12 earned runs and 14 walks in 62 1/3 innings last year, Soriano has allowed 9 earned runs and 9 walks in 14 innings this year. His ERA is approaching 6.00, his strikeout rate is down and his walk rate is up. What's more, he underwent an MRI on his right elbow this week. It doesn't appear that he'll need DL time, as there's only mild inflammation. Still, Brian Cashman must be shaking his head over this one.
- Joaquin Benoit - three years/$16.5MM, Tigers - Benoit has already allowed more earned runs (10) in 2011 than he did all of last year (9). After allowing just 30 hits in 60-plus innings last year, he has allowed 17 hits in 13 2/3 frames for his new club. The spike in hit rate is no doubt related to the fact that opponents had an improbably low average on balls in play against Benoit last year (.192) that has since risen to an unusually high level (.356). His strikeout (7.2 K/9) and walk (2.6 BB/9) numbers have fallen off, though they're still strong.
- Grant Balfour - two years/$8.1MM, Athletics - Balfour's walks are up, but he is still striking out over a batter per inning and his ERA is under 2.00.
- Dan Wheeler - one year/$3MM, Red Sox - Wheeler, currently on the DL, has an 11.32 ERA for the Red Sox despite an 8K/1BB ratio through 11 appearances. Wheeler appears to be unlucky in terms of opponents' batting average on balls in play (.389) and home run per fly ball rate (21%).
- Chad Qualls - one year/$2.55MM, Padres - Qualls has replaced Ryan Webb in the Padres' 'pen and has already pitched 20 2/3 innings. The results are good so far despite a drop in Ks, as Qualls has limited baserunners and been considerably more fortunate than he was in 2010.
- Randy Choate - two years/$2.5MM, Marlins - Choate has been excellent so far; the lefty specialist has an 11K/2BB ratio and a 1.50 ERA in his first 14 appearances as a Marlin.
The early results are disappointing, as Wheeler and Soriano are dealing with injuries and Benoit hasn’t come close to replicating his 2010 performance. The results will likely improve for Wheeler and Benoit, who have been unlucky so far. But this group probably won’t reproduce the 2010 performances that helped the Rays win the AL East. Reliever performance is simply volatile, even for pitchers who appear to be safe investments.
AL East Links: Guthrie, Bard, Balfour, Rays
Yankees officially announced that they signed Luis Ayala, Bartolo Colon, Freddy Garcia, Warner Madrigal, Ronnie Belliard and Eric Chavez to minor league deals. Here are some notes on the Yanks and the rest of the AL East...
- Jordan Parraz, who was designated for assignment by the Yankees, cleared waivers, according to MLB.com's Bryan Hoch (Twitter link).
- Dan Connolly of the Baltimore Sun asks if you'd extend any of the seven Orioles who were arbitration eligible this offseason.
- If you answered Jeremy Guthrie, think again. The right-hander, who avoided arbitration with the Orioles today, told Jeff Zrebiec of the Sun that the Orioles appear to have ruled out an extension for him, though he wouldn't rule one out himself and doesn't have hard feelings about the team's decision.
- Here's a fun fact from Zrebiec on Twitter: Orioles president of baseball operations Andy MacPhail has never gone to an arbitration hearing with a player in 25 years of running baseball teams. Pretty astounding.
- Daniel Bard told Rob Bradford of WEEI.com that he would like to try starting again and has not discussed an extension with the Red Sox.
- Joel Sherman of the New York Post has the latest on some creative discussions between Kevin Towers and the man he worked for last year, Brian Cashman.The Yankees, who considered completing a sign-and-trade with Arizona to acquire Carl Pavano without surrendering a draft pick, discussed a similar deal with the D'Backs about Grant Balfour. The Yankees were moving toward Balfour before they signed his former teammte, Rafael Soriano.
- Justin Ruggiano and Leslie Anderson both cleared waivers and were outrighted to Triple-A, according to Marc Topkin of the St. Petersburg Times. The Rays designated the players for assignment to create roster space earlier in the week.
A's Sign Grant Balfour
The A's have signed Grant Balfour to a two-year deal, the team announced. The right-hander will earn at least $8.1MM, according to ESPN.com's Buster Olney (on Twitter). The deal includes a club option for 2013, according to Jayson Stark of ESPN. The A's have also agreed not to offer the reliever arbitration, meaning that a club will not have to surrender a compensation pick to sign Balfour. Jon Paul Morosi of FOX Sports first reported that the sides were close and MLB.com's Jane Lee added details on Twitter. ACES represents Balfour.
Balfour posted a 2.28 ERA with 9.1 K/9 and 2.8 BB/9 in 55 1/3 innings for the Rays last year. The 33-year-old has always been a fly ball pitcher and last year was no exception; he posted a 30.6% ground ball rate and a 49.7% fly ball rate.
Since Oakland's first round pick is protected, the Rays will obtain a second round pick from the A's for losing the Type A free agent. Tampa will also add a supplementary first round pick to its growing collection of draft picks. The Rays have 11 of the first 89 picks in next year's draft, including nine before the start of the second round.
If Balfour and Carl Pavano finalize deals with the A's and Twins, as expected, all Type A free agents tied to draft pick compensation will have signed.
MLBTR's Luke Adams predicted that Balfour would sign a two-year deal in the $10MM range and mentioned the A's as a possible fit when examining potential suitors.
A's, Balfour Close To Multiyear Deal
10:13am: The deal will likely include two guaranteed years, Morosi reports (on Twitter).
9:41am: The A's are close to a multiyear deal with Grant Balfour, according to Jon Paul Morosi of FOX Sports (on Twitter). ACES represents Balfour.
Balfour posted a 2.28 ERA with 9.1 K/9 and 2.8 BB/9 in 55 1/3 innings for the Rays last year. The 33-year-old has always been a fly ball pitcher and last year was no exception; he posted a 30.6% ground ball rate and a 49.7% fly ball rate.
Since Oakland's first round pick is protected, the Rays will obtain a second round pick from the A's for losing the Type A free agent. Tampa will also add a supplementary first round pick to its growing collection of draft picks. The Rays have 11 of the first 89 picks in next year's draft, including nine before the start of the second round.
If Balfour and Carl Pavano finalize deals with the A's and Twins, as expected, all Type A free agents tied to draft pick compensation will have signed.
This post was originally published on January 14th.
Quick Hits: Balfour, Wells, Pirates, Penny
The Astros signed Wandy Rodriguez as an amateur free agent 12 years ago today. The lefty, who turns 32 next week, is an extension candidate this winter. Here are today's links...
- Stop by at 2pm CDT for this week's chat.
- In his latest blog post for ESPN, Buster Olney suggests that Grant Balfour could return to Tampa on a one-year deal if the Rays assure him that they won't offer arbitration again if he's a Type A free agent after 2011. Teams other than the Rays have to give up a top pick to sign the reliever this offseason and it isn't helping his market value.
- Vernon Wells explains to Richard Griffin of the Toronto Star that he's a different person and teammate than he was a few years ago, when he first signed his $126MM extension. He also admits that he may not be a $100MM player. "Everybody would say I’m not worth the money and I would totally agree that I’m not worth that contract" Wells said.
- The Pirates are still looking for pitching, according to Jon Heyman of SI.com (on Twitter).
- Some within the Cardinals organization liked the idea of bringing Brad Penny back to compete with Kyle Lohse for the final rotation spot, according to Joe Strauss of the St. Louis Post-Dispatch (on Twitter). The Cards weren't willing to match the Tigers' $3MM guarantee, though.
Olney On Qualls, Balfour, Damon, Pavano, Soriano
Ivan Nova, Craig Kimbrel and Madison Bumgarner are among the young players who will play major roles in determining their teams’ fates in 2011, as ESPN.com’s Buster Olney points out. Here are the rest of Olney’s rumors, with the latest updates up top:
- Olney hears that Chad Qualls is looking to re-establish his value with a one-year deal (Twitter link). With all due respect to Qualls, finding a mutliyear deal might never have been an option, since he posted a 7.32 ERA and allowed 85 hits in 59 innings last year.
- Teams believe Grant Balfour's asking price is dropping, according to Olney (Twitter link).
- Once Jim Thome signs, other first base/DH types will likely follow. There are lots of them out there, as MLBTR’s Free Agent Tracker shows. Vladimir Guerrero, Jason Giambi, Russell Branyan, Johnny Damon, and Manny Ramirez are still available.
- Olney says Damon “probably made a mistake in not following up on the Yankees' overtures last winter about a two-year deal.”
- Carl Pavano and the Twins continue to make progress toward a deal and the sides could reach an agreement by the end of the week.
- Rafael Soriano is prioritizing money over his 2011 role, Olney writes. Olney suggests that “if some club was willing to pay him to be its bullpen catcher for $45MM over the next three years, Soriano would consider it.”
Quick Hits: Darvish, Balfour, Torre, Sale
Links for Sunday....
- Yu Darvish officially renewed his contract with the Nippon Ham Fighters this week, as NPB Tracker's Patrick Newman writes. Darvish, who may play in MLB in 2012, will earn the equivalent of about $6MM this season in Japan.
- One AL scout tells Nick Cafardo of the Boston Globe that Grant Balfour remains unsigned in part due to a dip in velocity over the last year, but adds: "He’s developed good command of his secondary pitches. He can pitch in the AL East, he’s a competitor, and if you use him as a complementary piece, he’s worth pursuing for your bullpen." I looked at some possible fits for Balfour last weekend.
- We heard yesterday that Joe Torre was talking to Bud Selig about potentially becoming MLB's next executive vice president of operations. However, Ken Davidoff of Newsday doesn't expect Torre to take such a position, and says "other people in the loop" don't either.
- Jim Margalus of South Side Sox examines how Chris Sale's role with the White Sox will be affected by Will Ohman's arrival.
Yankees Will Not Surrender First Round Pick
Yankees GM Brian Cashman says he intends to hold onto his 2011 first round draft choice, according to Chad Jennings of the Journal News. That means the team won’t sign any of the three remaining free agents tied to draft pick compensation: Rafael Soriano, Carl Pavano and Grant Balfour.
“I will not lose our No. 1 draft pick,” Cashman said. “I would have for Cliff Lee. I won’t lose our No. 1 draft pick for anyone else.”
Since Soriano, Pavano and Balfour turned down their teams’ offers of arbitration after being ranked as Type A free agents, clubs have to surrender a top 2011 pick to sign them. The Yankees’ first round pick (31st overall) is unprotected.
Though the Yankees were in contact with Soriano and agent Scott Boras, they are not pursuing him. It's hardly shocking to hear that the Yankees are out on Pavano, who spent four injury-plagued seasons in the Bronx and earned nearly $40MM in the process.
Yankees Rumors: Burnett, Pettitte, Balfour
Here's the latest on the Yankees as they continue to explore ways of improving their pitching staff...
- Yankees GM Brian Cashman told ESPN.com's Buster Olney that Yankees pitching coach Larry Rothschild will travel to Maryland within a couple of weeks to work with A.J. Burnett on some of the right-hander’s mechanical problems. A bounceback season from Burnett in 2011 would make the Yankees’ rotation considerably more threatening.
- Cashman told Newsday’s Ken Davidoff that the uncertainty surrounding Andy Pettitte’s future is not hurting the team. "Andy isn’t holding us up from doing anything else," Cashman said. Two of Pettitte’s friends tell Davidoff that they think the 38-year-old remains competitive enough to want to play. The left-hander appears to be close to deciding on his plans for 2011.
- The Yankees don’t like the idea of giving up a first round pick to sign Grant Balfour or Rafael Soriano, two Type A relievers who turned down offers of arbitration and are now tied to draft pick compensation.
Possible Fits For Grant Balfour
Earlier this week, MLBTR's Ben Nicholson-Smith noted that only four free agents who'd cost a draft pick to sign remain on the market. Because Adrian Beltre, Rafael Soriano, Carl Pavano, and Grant Balfour were Type A players who turned down offers of arbitration, teams signing them will have to surrender a high pick in the 2011 draft.
While parting with a draft pick wouldn't be a huge price to pay for signing Beltre, Soriano, or Pavano, the same can't necessarily be said about Balfour. The right-hander ranks 12th among our top 15 remaining free agents, whereas Beltre, Soriano, and Pavano grab the top three spots, respectively. Even in an offseason that has featured many lucrative deals for bullpen arms, giving up a first- or second-round pick for a reliever who's just one year removed from a 4.81 ERA is risky.
Which teams will be willing to take that risk and pursue Balfour anyway? Let's try to find some potential fits....
- Orioles: They are said to have a "definite interest" in the righty, and their first-round pick in 2011 is protected, meaning they'd send a second-rounder to the Rays if they signed Balfour. They've been linked to Kevin Gregg in recent weeks as well, and seem unlikely to add both pitchers, so an agreement with Gregg could potentially take them out of the running.
- Rays: It was no sure thing that Balfour would turn down their arbitration offer - they appeared willing to bring him back. They're still in the market for late-inning relief help, and Balfour would be a fit if the price was right.
- Nationals: Draft pick compensation shouldn't be a concern for Washington; they added extra picks when Adam Dunn signed with the White Sox, and have already parted with their second-rounder due to the Jayson Werth signing. As such, they'd be giving up a third-rounder if they added Balfour, and MLBTR's Tim Dierkes identified the bullpen as one area the team could still address this winter.
- Athletics, Pirates: Both clubs have a little money to spend, as shown by Oakland's pursuit of Beltre and bid on Hisashi Iwakuma, as well as Pittsburgh's handful of free agent signings. They also both have protected first-round picks. Billy Beane hinted after the Josh Willingham trade that the A's might look to add a reliever, while the Pirates had some interest in Octavio Dotel before the veteran agreed to sign with Toronto.
- Yankees, Twins: Both teams would have to surrender their first-rounder to sign Balfour, which makes them unlikely suitors. Still, the Twins have already lost Jesse Crain and Matt Guerrier to free agency, so they could use some relief help. The Yankees don't necessarily have a pressing need, but they've been linked to at least one reliever recently, in Brian Fuentes, and it's never safe to write them off on any free agent.
Last week, over 56% of about 5800 MLBTR readers voted that Balfour would land a multiyear deal somewhere. I agreed when I examined Balfour's free agent stock on the heels of Joaquin Benoit's $16.5MM deal, expressing optimism about the 33-year-old's chances of landing a multiyear contract worth at least $10MM or so. Although that's still a possibility, many of the teams we expected to be in on Balfour have addressed their bullpen in other ways. And as Tim pointed out when discussing Fuentes, a shift toward a buyer's market may occur as the spring approaches.
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