Joaquin Benoit Rumors

Padres To Sign Joaquin Benoit

DECEMBER 28: The Padres have announced the deal. Corey Brock of MLB.com reports that Benoit will earn $6MM in 2014 and $8MM in 2015, and the deal includes an $8MM option for 2016 (with a $1.5MM buyout) that will vest if Benoit finishes 55 games in 2015.

DECEMBER 19: Jon Heyman of CBS Sports tweets that Benoit's contract will be a two-year, $15.5MM contract once he passes his physical.

DECEMBER 19: The Padres and right-hander Joaquin Benoit are in agreement on a deal, pending a physical, according to Jeff Passan of Yahoo Sports (on Twitter). Talks between San Diego and the ACES client were said to be heating up earlier this morning.

Benoit-Joaquin

The 36-year-old Benoit posted a 2.01 ERA with 9.8 K/9 and 3.0 BB/9 with 24 saves in 67 innings for the Tigers in 2013. Passan reported last week that the Padres and Indians were both discussing deals in the neighborhood of $14MM over two years with Benoit. Since that time, Cleveland appears to have moved on by inking John Axford to a one-year deal.

Benoit fills a need for the Padres by adding an experienced arm to the back of the bullpen now that Luke Gregerson has been traded to the Athletics. San Diego already has Huston Street under control for $7MM next season, making him the likely closer, but Benoit could step into the ninth inning in the event that the oft-injured Street winds up on the disabled list.

Injuries haven't been a problem for Benoit since he missed the 2009 season following surgery to repair his right rotator cuff. Since that time, Benoit has stayed off the disabled list entirely, averaging 65 innings per season and posting a brilliant 2.53 ERA with 10.2 K/9 and 2.5 BB/9 in 259 1/3 total innings of work. In that time, opponents have batted a mere .200/.258/.333 against Benoit.

The contract is a rarity for San Diego general manager Josh Byrnes, who has given just one multiyear pact to a reliever – Street's two-year, $14MM contract — in his time as a general manager. When I spoke to him at last month's GM meetings, Byrnes told me that he would be against signing a left-handed reliever to a multiyear pact, but he clearly didn't feel the same about right-handers, or at least about Benoit specifically.

In addition to Street, Benoit will join a mix of relievers that includes Dale Thayer, Nick Vincent, Tim Stauffer and Brad Boxberger. Left-hander Patrick Schuster, acquired in a trade with the Astros (who selected him in the Rule 5 Draft) could also get a chance to compete for a job. Byrnes is known to be on the lookout for a left-handed reliever.

As I noted when projecting a two-year, $16MM contract for Benoit in my free agent profile nearly two months ago, Benoit faced steep competition on this year's open market given the presence of Joe Nathan, Grant Balfour, Fernando Rodney, Brian Wilson and many other closer-type relievers. In spite of that competition, his agents at ACES look to have done well, as he will nearly match the $16.5MM guarantee on his last contract despite it being a three-year deal.

Photo courtesy of USA Today Sports Images.


Talks Heating Up Between Benoit, Padres

Talks are heating up between right-hander Joaquin Benoit and the Padres, reports ESPN's Jerry Crasnick (on Twitter).

Reports last week indicated that the Padres and Indians were competing for Benoit's services on a two-year deal in the $14MM range. Since that time, Cleveland has inked John Axford, so it's unclear if they're still in on Benoit. The 36-year-old Benoit posted a 2.01 ERA with 9.8 K/9 and 3.0 BB/9 with 24 saves in 67 innings for the Tigers in 2013. He's also drawn interest from the Rockies, but he was said to be too expensive for Colorado's tastes, as he's seeking $7-10MM annually.


Padres, Indians Competing For Joaquin Benoit

4:59pm: An official with knowledge of the talks tells ESPN's Buster Olney that the Padres are in the lead for Benoit (Twitter link).

2:05pm: The Padres and Indians are both in on Benoit at two years and $14MM or more, according to Jeff Passan of Yahoo Sports (Twitter link). The Padres' offer may include a third-year option, he adds.

12:01pm: The Padres are making a strong push for free agent right-hander Joaquin Benoit, according to Ken Rosenthal and Jon Paul Morosi of FOX Sports (Twitter link).

The move would come as somewhat of a surprise, given GM Josh Byrnes' previous aversion to multiyear pacts for relief pitchers. Huston Street is the only reliever to sign a significant multiyear deal with the Padres during Byrnes' tenure.

Benoit, 36, posted a 2.01 ERA with 9.8 K/9 and 3.0 BB/9 with 24 saves in 67 innings for the Tigers in 2013. He's drawn interest from the Rockies, but he was said to be too expensive for Colorado's tastes, as he's seeking $7-10MM annually. Reports yesterday indicated that the Padres were one of the most likely landing spots for Benoit, along with the Indians, Cubs,  Yankees and Mariners.



Joaquin Benoit Seeking $7-10MM Annually

Joaquin Benoit and his agent are believed to be seeking an annual salary of between $7MM and $10MM per year, reports ESPN.com's Buster Olney (via Twitter). That would make Benoit slightly more affordable than fellow free agent reliever Fernando Rodney, who is reportedly looking for $10MM+ annually.

Coming off a season in which he recorded a 2.01 ERA and 9.8 K/9 in 67 innings, Benoit represents one of the more appealing options on the relief market, which should give him some leverage in negotations. Back in October, MLBTR's Steve Adams predicted that the righty would land a two-year deal worth $16MM, so an annual salary of $7-10MM isn't an unreasonable request for Benoit and his reps at ACES.

Jeff Passan of Yahoo! Sports reported late last night that teams believe Benoit's likeliest potential destinations are the Indians, Padres, Mariners, Cubs, and Yankees.


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Free Agent Rumors: Cruz, Benoit, Valverde, Giants

As Day Three of the Winter Meetings in Orlando comes to a close, plenty of free agents are still seeking new teams. Here are the latest updates on a few of them:

  • Rockies people tell Troy Renck of the Denver Post (Twitter link) that nothing has changed with Nelson Cruz. There's interest in the free agent outfielder, but it's not being characterized as serious at this point.
  • The Mariners have been ardent Cruz pursuers from the start of the winter, and one baseball source tells Jerry Crasnick of ESPN.com they'll continue to be in the mix for him even after adding Robinson Cano, Corey Hart, and Logan Morrison.
  • Teams believe reliever Joaquin Benoit's likeliest destinations are the Indians, Padres, Mariners, Cubs, or Yankees, tweets Jeff Passan of Yahoo! Sports.
  • Agent Scott Boras says client Jose Valverde, who turns 36 in March, intends to continue his big league career and has drawn interest from two big league teams, writes James Schmehl of MLive.com. The Tigers released their former closer in August after his Triple-A reboot didn't go as well as he hoped.
  • Earlier in the evening, assistant GM Bobby Evans expressed optimism that San Francisco would find a left fielder by trade or free agency by the day's end, with Andrew Baggarly of CSNBayArea.com naming Franklin Gutierrez as a candidate. However, the Giants no longer expect resolution on their left field situation tonight, says Baggarly (via Twitter). The CSN Bay Area scribe also takes a more in-depth look at some of the club's options.
  • Catcher Kurt Suzuki is talking with the Rockies, Cubs, and Twins, tweets Susan Slusser of the San Francisco Chronicle.

Zach Links contributed to this post.


Quick Hits: Diaz, Benoit, Axford, Feldman, Ibanez

Since being ruled ineligible due to providing a false birthdate over the summer, Cuban shortstop prospect Aledmys Diaz has interest from a list of teams including the Braves, Cardinals, Dodgers, Giants, Orioles, Rays, Red Sox, and Yankees, agent Jamie Torres tells Jesse Sanchez of MLB.com. “There are some very good players out right now and more are coming,” Torres said. “Let’s put it this way: I can predict that a few of the Cuban players that sign between now and Spring Training are going to contribute in the big leagues in the 2014 season and their contribution is going to be significant.”  More from around baseball..

  • Omar Infante has been looking for a four-year deal and is drawing some interest from clubs who see him as a left fielder or third baseman, tweets Jon Paul Morosi of FOX Sports.  Yesterday it was reported that Infante is seeking a deal with an $8MM+ average annual value.
  • Some agents and teams are convinced that the three-year, $30MM deal the Astros gave free agent pitcher Scott Feldman has been a wrench in talks for others since agents feel obligated to also shoot for that type of “lottery ticket” contract, tweets Buster Olney of ESPN.com.
  • Free agent Raul Ibanez is considering offers from multiple contenders, according to Jayson Stark of ESPN.com (on Twitter). Earlier today, Stark reported that Ibanez could be headed to the Angels.
  • Mets GM Sandy Alderson says he’ll hold on to Ike Davis if no one comes to the table with a strong enough offer, writes Adam Rubin of ESPNNewYork.com. “Let me emphasize one thing: We’re not in the business of giving players away,” Alderson said. “We don’t expect to get in that business.”
  • The Tigers are in on Ervin Santana, according to Darren Wolfson of 1500 ESPN (via Twitter). The Twins, meanwhile, aren’t in the mix because of the draft pick compensation tied to him.
  • Agent Scott Boras says he would talk to Orioles owner Peter Angelos about extensions for Matt Wieters and Chris Davis, writes CSNBaltimore.com’s Rich Dubroff.
  • The Twins continue to talk to free agent pitcher Mike Pelfrey, a source tells Ken Rosenthal of FOX Sports (Twitter link). It’s unclear whether a deal with Pelfrey would preclude a signing of fellow free agent hurler Bronson Arroyo, but MInnesota has flexibility.
  • One GM tells Peter Gammons of Gammons Daily (Twitter link) that he can’t see Kendrys Morales signing until after the draft.
  • White Sox General Manager Rick Hahn says his team still has several potential options ahead less than 24 hours after acquiring center fielder Adam Eaton from the Diamondbacks in a three-team deal, writes Dan Hayes of CSNChicago.com. One rival exec believes the White Sox would like to trade outfielder Dayan Viciedo, who is now part of a crowded house with the addition of Eaton. Another baseball source said the White Sox have looked into the possibility of trading away second baseman Gordon Beckham.
  • The free agent market for second basemen seems to be impacted by the availability of Howie Kendrick, Brandon Phillips, and others, tweets Ben Nicholson-Smith of Sportsnet.

Relief Rumors: Lefties, Axford, Papelbon, Benoit, Guerrier, Rays

Jon Paul Morosi of FOX Sports reports (via Twitter) that the top left-handed relievers on the market — J.P. Howell, Boone Logan, Eric O'Flaherty and Scott Downs — should begin to start coming off the board in the next 24 to 48 hours. It's already been reported that O'Flaherty is in talks with the Braves about a return to Atlanta. Here's the latest on the market for relievers…

  • Adam Kilgore of the Washington Post tweets that there's a sense that the Nationals will land a left-handed reliever today.
  • The Orioles have had talks with John Axford, tweets Morosi. They're also said to be the current favorites for Grant Balfour.
  • A rival executive estimated that the Phillies would have to eat about 40 to 50 percent of Jonathan Papelbon's remaining salary to trade him, tweets Jon Heyman of CBS Sports. Papelbon is owed $13MM in each of the next two seasons and has a vesting option for a fifth year.
  • The Rockies have had discussions with Joaquin Benoit but are a ways apart in terms of salary, Morosi reports. Talks between the two sides are fading, as Benoit appears likely to seek a more lucrative deal elsewhere (Twitter links).
  • Paul Hoynes of the Cleveland Plain Dealer tweeted yesterday that when the dust settles from the Winter Meetings, Matt Guerrier's name could be a of interest to the Indians.
  • Marc Topkin of the Tampa Bay Times reports that even after re-signing Juan Carlos Oviedo and acquiring Heath Bell, the Rays are still looking to improve their bullpen. One option could be injured lefty Jordan Norberto, who underwent Tommy John surgery last season.

East Notes: Mets, Burnett, Phillies, Benoit

The Mets' offseason will be a disappointment if the Curtis Granderson acquisition is the only big move, the New York Post's Joel Sherman writes. "If this really is it — after all the buildup asking for patience to let the money of Johan Santana and Jason Bay go away — then this will be a breach with the fan base," Sherman says. "Heading toward another $85 million-ish payroll is — quite frankly — not honoring the commitment. It is being the San Diego Mets." Here are more notes from around the East divisions.

  • A.J. Burnett still hasn't decided whether or not to pitch in 2014, CBS Sports' Jon Heyman tweets. Burnett has previously said he intends to pitch for the Pirates or retire, but Heyman introduces a new possibility — that Burnett could pitch for the Orioles instead. Burnett resides in Maryland.
  • GM Ruben Amaro says the Phillies would eat salary in a trade that improved the team, reports Jim Salisbury of CSNPhilly.com. Salisbury notes that the Phillies would like to trade Jonathan Papelbon, who will make $13MM in both 2014 and 2015 and has a $13MM vesting option in 2016.
  • Despite the signing of Nate McLouth, the Nationals have no plans to deal Denard Span, tweets Mike Berardino of the St. Paul Pioneer Press. Span will continue to be their center fielder and leadoff hitter.
  • The Yankees have had "lots of internal discussions" about free agent reliever Joaquin Benoit, USA Today's Bob Nightengale reports (via Twitter). The Yankees would like to add two bullpen arms.

Relief Rumors: Tigers, Axford, Cubs, Mujica, Rox

Another busy day is shaping up at the Winter Meetings, and there's already no shortage of rumors regarding the relief market. The biggest news on that front is that the Orioles are considered the favorites for Grant Balfour, but here's the latest elsewhere on the bullpen market…

  • With Rajai Davis now in the fold in Detroit, the Tigers will shift their focus to bullpen upgrades, tweets ESPN's Jerry Crasnick.
  • Unless Joaquin Benoit gives up his pursuit of a closer job, the Tigers are out on him, tweets Jason Beck of MLB.com. 
  • The Indians are one team that's been linked to John Axford, tweets MLB.com's Jordan Bastian, who notes that previous reports have linked him to the Orioles, Mariners and Cubs.
  • The Cubs are in on relievers, tweets Ken Rosenthal of FOX Sports, but a free-agent signing is more likely than a trade. The Cubs were linked to Drew Storen and Tyler Clippard yesterday.
  • MLBTR's Tim Dierkes hears (Twitter link) that the Cubs were in on Edward Mujica on a one-year deal prior to his two-year agreement with the Red Sox. Tim opines that Mujica may have been able to make more money in the long run that way — a sentiment with which I agree.
  • Last night, the Denver Post's Troy Renck reported that the Rockies are pushing to acquire a late-inning reliever, and this morning he reports that something could get done as soon as today (Twitter link).

Zach Links contributed to this post.

 


Rockies Rumors: Pomeranz, Davis, Anderson, Hammel

The Rockies haven't made any moves yet in Orlando, but they're expected to be active this week, according to Troy Renck of the Denver Post. Renck passed along a few tidbits of note in a Monday piece for the Denver Post, so let's round up the highlights and check in on a few more Rockies items from other reporters….

  • The Rockies have talked to practically ever hard-throwing free agent reliever, with Joaquin Benoit and Grant Balfour among the pitchers they'd most like to land. However, the price tags on both players will likely preclude serious bids from Colorado, says Renck.
  • Colorado will be open-minded about moving Drew Pomeranz, particularly in a deal for another starter, Renck hears, noting within a Sulia post that the team has some interest in Wade Davis.
  • Brett Anderson is another trade candidate who interests the Rockies, but the club's talks with the Athletics are "slowly fading," tweets Renck. While Anderson isn't necessarily off the table for Colorado, there's no traction for now.
  • MLB.com's Thomas Harding reports that the Rockies are kicking the tires on Jason Hammel, who spent three seasons with the team from 2009 to 2011. Harding also confirms that Colorado has interest in Michael Morse, which we had heard about previously.