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Jose Valverde Rumors
The Tigers announced that they have exercised their 2012 club option for Jose Valverde. The 33-year-old will earn $9MM next year instead of becoming a free agent (his contract did not include a buyout).
Valverde posted a 2.24 ERA with 8.6 K/9, 4.2 BB/9 and a 42.9% ground ball rate in 72 1/3 innings in 2011. He converted all 49 of his save opportunities and led the American League in saves and appearances. His average fastball checked in at 93.9 mph, down from 95.2 mph in 2010. Valverde, who signed a two-year, $14MM contract with Detroit after the 2009 season, projected as a Type A free agent this offseason.
Dan Mennella examined the fantasy baseball implications of the move at CloserNews.com, your source for fantasy updates on MLB relievers.
Links for Thursday afternoon, before what may be the final baseball game of the 2011 season…
- The Tigers are expected to pick up Jose Valverde’s $9MM option for 2012 soon, according to Jon Heyman of SI.com (Twitter link).
- Adam Kilgore of the Washington Post hears from Alan Nero, the agent for Chien-Ming Wang, that a new deal between the right-hander and the Nationals is likely. The Nationals are Wang's first choice and negotiations are "routine," according to Nero. Washington GM Mike Rizzo confirmed yesterday that the sides are working toward a new contract.
- Cubs assistant GM Randy Bush will stay on under president of baseball operations Theo Epstein, according to Gordon Wittenmyer of the Chicago Sun-Times (on Twitter).
- Melissa Segura of SI.com hears that baseball’s upcoming collective bargaining agreement could include a cap in the $2-2.5MM range for international signings (Twitter link). It’s not clear whether the cap would apply to all countries or just the Dominican Republic.
The upcoming class of free agents figures to present an interesting study in the way teams are evaluating relievers these days. After Albert Pujols and Prince Fielder, many of the most recognizable names are closers or relievers who have previously closed.
Modern analysis suggests it's foolish to invest heavily in relief pitchers due to their limited contributions and volatility in year-to-year production. But someone has to get those crucial late-inning outs, and the temptation for a team that thinks it's a contender to throw a lot of money at a guy who's coming off a year in which he posted a minuscule ERA or eye-popping strikeout rate is often too great.
Undoubtedly, suitors will use a variety of criteria to evaluate free-agent closers, one of which will be usage. Because usage can encompass so many things — innings, appearances, pitches, "high-stress" pitches, and so on — it's tough to say which is the most accurate reflection of a pitcher's workload; of course, this debate continues on for starters, too.
During the season, with the launch of CloserNews.com, we began keeping an eye on relievers who had pitched on three (and four) consecutive days, as that seems to be the breaking point for when most relievers must be rested. We've tallied that up here in a spreadsheet, along with a few other measures (standard and otherwise) of reliever usage, for the upcoming class of free-agent closers.
The objective here isn't to make any bold proclamations based on who threw the most innings; I may as well pen the inevitable mea culpa right now if it were. Rather, there are some interesting tidbits of note here, a few things to file away as these relievers ready themselves for free agency and teams prepare to bid.
- Heath Bell and Francisco Cordero were the only two of this group to pitch on four consecutive days in 2011. Bell is the only one to do it twice.
- Bell's abundance of pitches certainly seems to correspond with his dip in strikeout rate (7.32 K/9 in 2011 vs. 9.22 for career). Looks like he was having trouble putting away hitters, at least relative to his past performances.
- Francisco Rodriguez paced the group by pitching on three consecutive days six times.
- Heavy usage is not unusual for K-Rod, though. He's pitched fewer than 65 innings only once in his nine full big league seasons, the red herring due to an off-field incident in 2010.
- Info was culled from Fangraphs and Baseball-Reference.
MLB is building momentum toward two 15-team leagues with three five-team divisions per league, according to ESPN.com’s Jayson Stark. It doesn't appear that the players’ association will agree to expand the postseason unless owners agree to more balanced schedules and divisions, Stark reports. Here are the rest of his rumors…
- It appears that the Tigers and Rays will pick up their options for Jose Valverde and Kyle Farnsworth, respectively, this offseason.
- Two MLB executives predicted to Stark that Ryan Madson will sign a deal like the one Valverde obtained two winters ago: $14MM over two years plus an option.
- Multiple teams have expressed concerns about Francisco Rodriguez’s off-field “baggage,” though K-Rod stands out as one of the best free agent relievers of the winter.
- Stark hears that MLB has been slow to approve incoming Astros owner Jim Crane in order to apply leverage on Crane so that he’ll agree to move the Astros to the American League. Earlier today, Bob Nightengale of USA Today had a report that conflicts with Stark’s article.
- Friends of Billy Beane say the A’s GM has legitimate interest in the Cubs GM job, though he has an ownership stake and lots of freedom in Oakland.
- Nationals GM Mike Rizzo will interview managerial candidates this offseason before deciding whether Davey Johnson will return as manager in 2012.
- First base doesn’t appear to be a priority for Washington, but Rizzo says "you never want to say never” when it comes to possible offseason moves.
Jon Heyman of SI.com runs through the Cubs’ options for their open GM position and concludes that White Sox assistant GM Rick Hahn is “perhaps the most logical choice” for chairman Tom Ricketts. Click here for more rumblings about the Cubs and keep reading for Heyman’s other notes from around MLB…
- Manager Mike Quade is seen as a “long shot” to return as the Cubs’ manager next year.
- The Tigers will “surely” exercise Jose Valverde’s $8MM option for 2012, Heyman writes.
- No one with the Giants or Padres saw a Heath Bell trade as a likely possibility, according to Heyman. The Giants won the claim for Bell earlier in the week.
- The Reds are believed to be open to trading Ramon Hernandez, since catching prospect Devin Mesoraco could replace him. Hernandez hit the waiver wire this week.
Jose Valverde has switched agencies and is now a Proformance client, MLBTR has learned. The closer, who could find himself on the open market this offseason, had previously been a Praver/Shapiro client.
Valverde has a 2.92 ERA with 8.2 K/9, 4.7 BB/9 and a league-leading 32 saves in 49 1/3 innings this year. The Tigers can exercise a $9MM option for the 33-year-old's services in 2012. Alternatively, they could decline the option and offer arbitration to the projected Type A free agent with the intention of obtaining extra picks in the 2012 draft.
Be sure to check out MLBTR's Agency Database for information about each MLB player's representatives.
Just about anything could happen between Memorial Day and the beginning of November, when the Tigers have to decide whether to exercise their $9MM option for Jose Valverde. Injuries, trades and the performance of other Detroit relievers could affect the Tigers’ willingness to commit to another year of Valverde, so consider this an early and imprecise look at the closer’s option.
What’s unlikely to change for the 33-year-old is his profile as a hard-throwing right-hander who strikes lots of people out, allows more than his share of walks and works in and out of jams for saves. Since becoming Arizona’s full-time closer in 2007, that’s essentially what Valverde has offered and it doesn’t figure to change in the next five months.
So far in 2011, Valverde has a 3.52 ERA (3.53 xFIP) with 12 saves, 9.0 K/9 and 3.9 BB/9. His fastball has averaged 94 mph and he has a 41.3 % ground ball rate through 23 frames.
Those are respectable numbers, but they’re not enough to command $30MM-plus on the open market, as Rafael Soriano and Mariano Rivera did last offseason. Valverde compares better with the likes of Kevin Gregg, Bobby Jenks and J.J. Putz, who signed two-year deals in the $10-12MM range last year.
Those contracts are worth $5-6MM per season, which makes $9MM seem like a lot for one year of Valverde (unlike most club options this one has no buyout). Plus, there will be even more selection than usual for teams seeking relief this winter, because there’s a deep class of free agent relievers.
Yet it seems unlikely that the Tigers will shy away from Valverde’s option if they believe he’s the best option for them. GM Dave Dombrowski, who’s in a contract year of his own, has shown that he’s willing to move quickly to secure the players he wants, even if it means spending aggressively.
Last offseason, for example, he signed Joaquin Benoit in mid-November instead of waiting for bargains. That particular deal hasn’t worked out to this point, but it shows that Dombrowski tends to pursue the players he wants, instead of waiting the market out for bargains (Dombrowski also locked Jhonny Peralta, Brandon Inge and Victor Martinez by Thanksgiving).
There’s no question that $9MM is on the steep side for one season of relief pitching. Plus, the Tigers could potentially obtain draft picks by turning down the option, offering arbitration and allowing Valverde to sign elsewhere. For a team that has given up its share of high draft picks in recent years, collecting an extra pick or two would likely have appeal.
As a result, the Tigers don’t figure to keep Valverde around for $9MM unless they’re convinced in his ability to perform at an elite level in 2012. But if the Tigers decide he’s the person they want in high-leverage situations next year, it's hard to imagine that an inflated salary would prevent them from keeping their closer for another season.
Photo courtesy Icon SMI.
Teams like the Yankees and White Sox are already encountering bullpen problems and it won’t be long before other clubs are looking for relief help as well. The Yankees aren’t optimistic about the current relief market, while Chicago’s search for an effective closer has manager Ozzie Guillen dreaming of Bobby Thigpen. As one GM points out to ESPN.com’s Buster Olney, lots of teams will be looking for bullpen help this summer and lots of effective pitchers should eventually become available.
Unless Heath Bell takes a massive discount to stay in San Diego, Olney suggests the Padres will deal him. The White Sox should be considered the early favorites to land Bell, Olney says.
Jonathan Broxton, Francisco Rodriguez and the Blue Jays and Rays relievers could also become available this summer. Jose Valverde will probably stay in Detroit unless the Tigers fall far out of the race, but Michael Wuertz (now on the disabled list) could be on the block even if Oakland contends.
Links for Sunday….
- ESPN's Adam Rubin tweets that the Mets have optioned Jenrry Mejia to Double-A Binghamton, where he will start their game on Wednesday.
- Jeff Zrebiec tells us that Buck Showalter will interview for the Baltimore managerial job this week, and Eric Wedge will likely receive a second interview. The club has yet to ask the Mets for permission to interview Bob Melvin.
- MLB.com's Jordan Bastian quotes Jays GM Alex Anthopoulos saying that despite first-round pick Deck McGuire's lack of participation in a media conference call, he's excited to have been drafted by Toronto. Anthopoulos says that negotiations, however, could go down to the wire as they did in 2009 with Chad Jenkins.
- Rangers manager Ron Washington feels that his team could use another front-line starting pitcher, according to MLB.com's T.R. Sullivan. Texas has recently seen both Derek Holland and Rich Harden land on the disabled list.
- Nick Piecoro tweets that the D'Backs offered Jose Valverde a two-year deal worth about $10MM before he signed for two years and $14MM with Detroit. The story spawns from some heated comments that were exchanged between Valverde and former teammate Miguel Montero.
- Bill Shaikin of the Los Angeles Times thinks Dan Haren would be a "perfect fit" for the Angels.
- The Cubs will soon face a decision on whether to become buyers or sellers, writes Paul Sullivan of the Chicago Tribune.
- Within a mailbag for the Cleveland Plain Dealer, Paul Hoynes says that a little salary relief is the best the Indians could hope for in a Kerry Wood trade.
- Joe Strauss of the St. Louis Post-Dispatch details how the Cardinals will handle their starting rotation for the time being. Even after signing Jeff Suppan, the club will be short-handed while they wait for Brad Penny to get healthy.
- The Tigers should exercise patience when it comes to acquiring a shortstop, according to Lynn Hennig of the Detroit News.
- Jon Paul Morosi of FOX Sports tweets that the Tigers will have to think about trading for a starting pitcher, with Rick Porcello heading to Triple-A.
Full Story | Comments | Categories: Arizona Diamondbacks | Baltimore Orioles | Chicago Cubs | Cleveland Indians | Dan Haren | Deck McGuire | Detroit Tigers | Jenrry Mejia | Jose Valverde | Kerry Wood | Los Angeles Angels of Anaheim | Miguel Montero | New York Mets | Rick Porcello | St. Louis Cardinals | Texas Rangers | Toronto Blue Jays
The Tigers officially signed Jose Valverde to a two-year contract worth $14MM today. The deal also includes a club option for 2012 worth $9MM.
The 30-year-old Valverde has enjoyed a tremendous run as the closer for the Diamondbacks and Astros over the last three years. In 190.1 innings during that time, he posted a 2.84 ERA with a 10.3 K/9 and 3.3 BB/9. Valverde battled leg injuries in 2009, though he held opponents to a .202/.286/.294 batting line after coming off the disabled list in June.
The Tigers were left with a gaping hole in the back of their bullpen this offseason after losing setup man Brandon Lyon and closer Fernando Rodney to the Astros and Angels, respectively. Because Valverde was a Type-A free agent, Detroit sent their first round pick (#19 overall) to Houston as compensation. The Astros will also receive a supplemental first round pick (#33 overall).