Martin Perez Rumors
Don't expect to hear Martin Perez's name on the rumor circuit anytime soon. The Rangers announced Thursday that they have agreed to a four-year deal with their 22-year-old left-hander. The contract reportedly guarantees Perez $12.5MM and contains three club options, meaning that Texas will have the ability to control Perez, a client of Felix Olivo's OL Baseball Group, through the 2020 season.
Perez receives a $1MM signing bonus and will earn $750K in 2014. He'll be paid $1MM in 2015 and $2.9MM in 2016 -- a year that would've been his first arbitration eligible season. Perez will earn $4.4MM in 2017, and the 2018 club option is valued at $6MM with a $2.45MM buyout. The Rangers hold a second club option for 2019 at $7.5MM (with a $750K buyout), and the 2020 option is for $9MM ($250K buyout). All told, Perez can earn $32.55MM over the life of the contract. The extension came together in less than two weeks, Olivo told MLBTR owner Tim Dierkes.
Perez, who turns 23 next April, posted strong numbers in his first extended taste of Major League action, compiling a 3.62 ERA with 6.1 K/9, 2.7 BB/9 and a 48.1 percent ground-ball rate in 124 1/3 innings (20 starts). Long hailed as a top Rangers prospect and one of the game's best pitching prospects, Perez ranked on Baseball America's Top 100 list for five consecutive years entering this season.
Perez is the third left-hander to receive an extension for the Rangers in the past three years, as Derek Holland signed a five-year, $28.5MM extension prior to the 2012 season and Matt Harrison signed a five-year, $55MM extension prior to the 2013 campaign. As MLBTR's Extension Tracker shows, Harrison and Holland signed their contracts with four-plus and two-plus years of service time, which explains the discrepancy between their guarantees and Perez's guarantee. This extension will buy out a pair of pre-arbitration seasons as well as Perez's first two arbitration years. The club options cover his final year of arbitration eligibility and his first two seasons of free agency.
Rangers general manager Jon Daniels seems to have followed the mold for extensions signed by Cory Luebke with the Padres, Wade Davis with the Rays and Brett Anderson with the A's. While three club options may typically seem to be particularly team-friendly, it's fair to point out that all three of those players would be considerably worse off had they not signed the deal, thus illustrating the benefit of opting for financial security. And, even if all three options are exercised, Perez will be able to hit free agency upon completion of his age-29 season, meaning he would still be in line for a significant free agent contract.
With this agreement, it seems that Perez can be penciled into the Rangers rotation for years to come alongside Holland, Harrison and ace Yu Darvish -- an enviable collection of arms around which to build a team.
Jeff Wilson of the Fort Worth Star-Telegram was the first to report the $12.5MM guarantee (on Twitter). Joel Sherman of the New York Post added that roughly $2.5MM of that was a buyout on the option's first year (on Twitter). Perez's agent told MLBTR's Tim Dierkes the contract came together in less than two weeks (Twitter link). MLB.com's T.R. Sullivan provided the final breakdown.
Photo courtesy of USA Today Sports Images.
FRIDAY: A source involved in the trade talks between the two sides told Jim Bowden of ESPN and MLB Network Radio that the chances of a deal are "smaller than a bread basket."
THURSDAY, 4:51pm: A trade is unlikely to be reached, writes MLB.com's T.R. Sullivan. Prior to the deadline, the White Sox were interested in lefty Martin Perez, right-hander Luke Jackson and infielder Rougned Odor, and the Rangers aren't keen on giving up those players in a trade for Rios.
3:29pm: The Rangers and White Sox "weren't even close" on an agreement when discussing Rios prior to the July 31 non-waiver trade deadline, tweets Danny Knobler of CBS Sports. Knobler also tweets that Rios was placed on waivers on Monday, and the deadline to work out a deal for him is tomorrow. That would suggest that Rios was claimed earlier in the week, but the news only broke today.
2:45pm: The Rangers are the team that claimed Rios, according to Evan Grant of the Dallas Morning News (on Twitter). Grant cautions that claiming Rios and actually striking a deal to acquire the 32-year-old are very different things.
Because he is on revocable waivers, the White Sox have 48 hours to work out a trade with the claiming team or pull him back off waivers. Chicago could also let the claiming team have Rios for nothing and be content to dump his salary -- the very manner in which Chicago acquired Rios from the Blue Jays in 2009 -- but that seems unlikely given his .277/.328/.421 batting line. Rios is controlled through 2014 and owed $12.5MM next season with a $13.5MM club option, though each of those salaries will increase by $500K if he is traded.
It seems likely that an American League team was awarded the claim on Rios, as waiver priority at this point in the season is determined by league and record. All 15 AL teams would have the opportunity to claim Rios before an NL team. The Rangers and Pirates were both connected to Rios prior to the July 31 non-waiver trade deadline.
On January 8th, 2011, the previous Cubs front office led by GM Jim Hendry finalized a trade that brought Matt Garza (and Fernando Perez and Zach Rosscup) to Chicago from the Rays for Chris Archer, Hak-Ju Lee, Robinson Chirinos, Sam Fuld, and Brandon Guyer. At the time, ESPN's Buster Olney heard that Andrew Friedman and the Rays "didn't get much in the way of high-end prospects; more depth type guys than impact." Archer, 24, seems ready to challenge that evaluation as a member of the Rays' rotation, while Lee, a 22-year-old shortstop, was knocking on the door of the Majors until a knee injury ended his season in April. It's clear now the Cubs gave up a huge haul to acquire three years of Garza; now their new regime is marketing the remaining two to three months of his services to recoup as much young talent as possible. The latest:
- Jon Heyman of CBS Sports echoes Sullivan's earlier report that the Rangers aren't willing to include Martin Perez in a trade for Garza. The Red Sox are said to be "thinking about" Garza and would be a major threat if they entered the fray, according to Heyman. Boston has many pitching prospects acquired by Theo Epstein during his time as the team's GM. The Diamondbacks are in the mix as well, though they may prefer Jake Peavy. The Cubs are likely to place more emphasis on ceiling than proximity to the Major Leagues, according to Heyman, with a slight preference for pitching as opposed to position players.
- The Rangers, Cardinals, Pirates, Indians, Blue Jays, and Dodgers "are the strongest pursuers" with a handful of other teams showing at least cursory interest in Garza, writes David Kaplan of CSNChicago.com. A handful of club executives who spoke to Kaplan consider Garza a very strong No. 3 starter, for whom the Cubs have an "exceptionally high" asking price. Kaplan adds that the Rangers and Blue Jays "are both deciding how far they want to go to acquire Garza." Kaplan's baseball personnel experts feel the Cubs will come close but fall short of the Brewers' Zack Greinke package from last summer, which consisted of shortstop Jean Segura and pitchers Johnny Hellweg and Ariel Pena. Complicating that comparison is the fact that Segura raised his stock considerably this year; at the time of the deal, Baseball America ranked him 43rd among prospects and ESPN's Keith Law had him outside of his top 50.
- Baseball America's midseason top 50 prospects list came out last week. Prospects in the 35-50 range who play for potential Garza suitors include Joc Pederson of the Dodgers, Anthony Ranaudo and Garin Cecchini of the Red Sox, Alen Hanson of the Pirates, Aaron Sanchez of the Blue Jays, Mike Olt of the Rangers, Kolten Wong of the Cardinals, and Adam Eaton of the Diamondbacks. Kaplan notes that the Rangers are "thought to be dangling" Olt, a third baseman. A lot of the position players named here either seem unlikely to be traded or aren't great fits for the Cubs, who might prefer to get a pitcher as the headliner.
- The personnel heads who spoke to Joel Sherman of the New York Post picture Garza going to the Rangers, who have the need and the goods to make a deal. 22-year-old southpaw Martin Perez "could be a key element for the Cubs to move Garza to Texas," writes Sherman. The Rangers are not going to give up Perez, writes MLB.com's T.R. Sullivan. He names Neil Ramirez, Carlos Pimentel, Leury Garcia, and Luis Sardinas as more realistic possibilities.
The Mariners continue discussing an extension with Felix Hernandez, Ken Rosenthal of FOX Sports reports. The sides aren’t close to a deal, and are now “dancing.” However, Seattle is at least considering a four-year, $100MM offer, according to Rosenthal. It’s not clear if the Mariners have offered a nine-figure deal to Hernandez, whose current contract expires at the end of the 2014 season. The 26-year-old Octagon client would presumably want a longer commitment, as Rosenthal points out. Here are more of Rosenthal’s notes from around MLB...
- The Mariners’ willingness to add veterans approaching free agency suggests GM Jack Zduriencik senses an urgency to win now in the view of some rival executives.
- Justin Upton won’t be traded for Chase Headley, an official from one of the teams involved told Rosenthal. Headley is two years away from free agency, however, and Rosenthal suggests that the Padres figure to move him eventually. Upton, another trade candidate, is under contract through 2015.
- The Diamondbacks and Rangers haven’t revived Upton-centered trade talks since the Mariners’ failed attempt at acquiring the 25-year-old right fielder. Rosenthal reports that the sides agreed to “move on.” When the teams were last in contact the Rangers offered a four-played package led by Mike Olt that would have included shortstop prospect Leury Garcia and either Martin Perez or Cody Buckel plus a fourth prospect.
- The Rangers continue pondering one significant move. They are viewed as possible destinations for Kyle Lohse and Michael Bourn, and could also pursue relief help. The Rangers discussed right-handed reliever Tyler Clippard with the Nationals earlier this offseason, Rosenthal reports.
- The Nationals could trade Clippard or Drew Storen now that they’ve signed Rafael Soriano. One rival executive suggested Washington could sign Lohse, but Rosenthal writes that a deal with free agent right-hander Javier Vazquez seems more likely.
A ridiculous number of three and four-team trade scenarios have been discussed at the Winter Meetings, most of them seemingly involving Arizona's Justin Upton winding up with the Rangers. We'll track the latest on the discussions right here:
- The Upton talks aren't dead and never have been, an involved official tells Ken Rosenthal, but it doesn't have more legs than it did two weeks ago.
- Rangers GM Jon Daniels left the Winter Meetings without a deal, telling reporters including Jeff Wilson, "I would have guessed something would have happened here. And I would have been wrong. It hasn't gotten to the point where something had fallen through that I thought was going to get done."
- The Rangers, D'Backs, and Rays are still at the Winter Meetings, working on an Upton blockbuster according to Rosenthal. A friend of Rays top exec Andrew Friedman says that while Friedman has never done a three-way trade, he's determined to get one done.
- D'backs GM Kevin Towers made it clear that he seeks a shortstop he controls for more than two years, so it seems Elvis Andrus or Asdrubal Cabrera would not be sufficient, tweets Jim Bowden of SiriusXM and ESPN.
- Rosenthal has one possible outcome: Upton to the Rangers, a Rays starter to the D'Backs, and Mike Olt and other prospects to the Rays. The scenario doesn't seem to satisfy the needs of the D'Backs and Rays, but we'll see.
- There's nothing close on the Upton front, Diamondbacks GM Kevin Towers told Bob Nightengale.
- Bowden adds (also via Twitter) that the Mariners' reasoning for being in these talks is to use their prospects to ensure that Upton lands with Texas, which will open the door for them to sign Josh Hamilton. The Mariners are reportedly in serious talks with Hamilton, who considers them his fallback should he not sign with Texas.
- Jim Bowden of ESPN and MLB Network Radio tweets that the Diamondbacks will not budge from their insistence that Andrus or Profar be included in a trade with the Rangers. As such, they're more likely to trade two young pitchers to the Indians to land Cabrera.
- The fourth team in some permutations of the blockbuster is the Mariners, reports Ken Rosenthal of FOX Sports. One official in the talks sees them as the biggest roadblock, as they're unsure whether to move forward and surrender prospects. A source tells Rosenthal the player the Mariners want most in these talks is Derek Holland of the Rangers. Rosenthal says Rangers GM Jon Daniels is driving the trade, "feverishly trying to land" Upton. In the end, the FOX writer says the four-team blockbuster "appears unlikely to happen."
- D'Backs GM Kevin Towers said today, "I've had more multi-team talks this year than ever before. In every discussion it seems three or four teams are involved."
- One scenario had Upton going to the Rangers, Cabrera to the D'Backs, and Martin Perez and more to the Indians, tweets Jon Heyman of CBS Sports.
- The Indians are pushing for the Diamondbacks to include Tyler Skaggs in a deal for Cabrera, tweets Jeff Passan of Yahoo! Sports. However, Arizona would prefer to move Trevor Bauer.
- Although the Diamondbacks like many of the Rangers' prospects, such as Mike Olt, Leury Garcia, and Cody Buckel, they continue to want Elvis Andrus or Jurickson Profar in return for Upton, tweets Passan. At this point, it seems more likely that the D-Backs would move Upton in a multi-team scenario that nets them Cabrera rather than trading straight-up with the Rangers.
Twitter link) that he prefers to deal directly with one club, since three- or four-team talks "kind of muddies the waters." He's still exploring all possibilities though. Heyman, following up on his Rangers/Upton report, says the current scenarios involve three or four teams (Twitter link). The Royals may also be in on talks with the D-Backs and Indians, according to ESPN.com's Buster Olney (via Twitter).
11:11am: The Rangers are "working hard" trying to acquire Upton, according to Jon Heyman of CBSSports.com (Twitter link).
10:44am: The Rays, Rangers, Indians, and Diamondbacks have re-opened the four-team trade talks mentioned below, according to Bob Nightengale of USA Today (Twitter link).
9:17am: One executive involved in the Bauer/Cabrera discussions tells Danny Knobler of CBSSports.com (Twitter link) that it has some legs, but is probably a long shot.
7:46am: The D-Backs and Indians have discussed the framework of a deal centering around Cabrera and Trevor Bauer, Anthony Castrovince of MLB.com reports. The sides have been talking about the deal for two weeks, but talks have picked up at the Winter Meetings. There's no indication that a deal is close to completion at this time, however.
7:25am: It wouldn't be the Winter Meetings without talk of potential blockbuster trades, and Ken Rosenthal of FOX Sports reports that the Rays, Rangers, Indians and Diamondbacks have discussed several combinations of three-, four- and even five-team trades.
It all boils down to the fact that the Rangers would like to add Justin Upton and/or James Shields, the Diamondbacks want Asdrubal Cabrera, and the Rays would like to trade a pitcher to improve an offense that ranked 11th in the AL in runs scored and 12th in OPS (and that's before losing B.J. Upton). The Rangers, in all of this, would likely be dishing out prospects to other teams.
Rosenthal is quick to note that while many possibilities have been discussed, it's not necessarily likely that a blockbuster gets completed. The Rangers are splitting their attention between trade talk and the pursuit of Zack Greinke and Josh Hamilton.
Rosenthal writes that so many combinations have been discussed, several team officials he's spoken to aren't even sure which possibilities are still alive and which are dead. If no blockbuster happens, various combinations of these teams are still in negotiations regarding standard two-team exchanges.
The Winter Meetings are often the site for blockbuster trades. Recent examples including 2009's Ian Kennedy-Curtis Granderson-Max Scherzer-Austin Jackson three-team deal and the eight-player trade that sent Miguel Cabrera and Dontrelle Willis to the Tigers in 2007.
The Angels won the Zack Greinke sweepstakes last night, acquiring the former Cy Young Award winner in exchange for prospects Jean Segura, John Hellweg, and Ariel Pena. We've already seen some reactions to the trade as well as a breakdown of its impact on the Rangers, but here are some more details on the pursuit of the right-hander...
- Righties Justin Grimm and Cody Buckel were the top pieces in the Rangers offer, according to Ken Rosenthal of FOX Sports (on Twitter). The Brewers valued a young shortstop and wanted Martin Perez to compensate.
- Rosenthal also hears that the Angels' late inclusion of Pena in their offer swung things in their favor (Twitter link).
- White Sox GM Kenny Williams "worked his tail off" to land Greinke according to Rosenthal (on Twitter), even trying to include a third team before failing to find a match.
- MLB.com's Jesse Sanchez reports (on Twitter) that the Nationals expressed interest in Greinke, perhaps in preparation for Stephen Strasburg's eventual shutdown. The Braves were also in the mix.
Besides the Angels and Brewers themselves, perhaps no team was as impacted by the Zack Greinke trade as the Rangers. Here's the latest on the Rangers' own pursuit of Greinke and how they plan to counter the Angels' newest salvo in the battle for the AL West.
- Brewers GM Doug Melvin told reporters (including Tom Haudricourt of the Milwaukee Journal Sentinel) that the Rangers were the other finalist for Greinke's services. The Rangers offered Leury Garcia, Chad Bell and Justin Grimm to the Brewers.
- Had the Rangers been willing to include third base prospect Mike Olt in their offer to the Brewers, Greinke probably would've ended up in Texas, USA Today's Bob Nightengale. FOX Sports' Ken Rosenthal, however, reports the Brewers wanted Martin Perez and didn't "insist" on Olt or Jurickson Profar, though Texas still felt the requested package of prospects was too much (both links are to Twitter).
- With Greinke gone, the Rangers won't necessarily try to acquire Josh Johnson or James Shields, a source tells MLB.com's T.R. Sullivan. The Marlins and Rays have put a high price tag on their aces and the Rangers may wait to see if they lower their demands. Sullivan notes that if the Rangers weren't willing to deal the likes of Olt for Greinke, they wouldn't trade him or other top prospects for another pitcher who they didn't value as highly.
- The Rangers also valued Cole Hamels and Cliff Lee more than they did Greinke, reports Jeff Wilson of the Forth Worth Star-Telegram (Twitter link). Hamels just signed an extension to remain in Philadelphia and the Rangers shied away from the large salary still owed to Lee through the 2015 season.
- The Rangers are "unlikely" to get Johnson, while they're still in play for Shields, tweets CBS Sports' Jon Heyman.
The Brewers are looking to sell and, based on his most recent start, Zack Greinke is healthy. The right-hander figures to continue drawing heavy interest in the days leading up to the July 31st non-waiver trade deadline. He’s clearly the top arm available with Cole Hamels locked up to an extension in Philadelphia. The Rangers, Angels, Braves and White Sox are interested in Greinke and the Red Sox and Nationals might be considered suitors too. Here are the latest rumors surrounding the Greinke with the most recent rumors up top...
- Brewers GM Doug Melvin's comments this evening were measured compared to ones made earlier today where he sounded certain of a Greinke trade, writes Adam McCalvy of MLB.com. "I just said there was that possibility," Melvin said. "I don't think there's any secret, with the Trade Deadline, that this is a possibility. Zack knows that. We know that. Other teams know that." McCalvy writes that the Rangers, Angels, and Braves appear to be the most serious suitors for Greinke.
- The Dodgers aren't pursuing Greinke at this point, sources tell Ken Rosenthal and Jon Paul Morosi of FOX Sports (via Twitter).
- The White Sox seem completely focused on trying to get Greinke, Danny Knobler of CBSSports.com reports (on Twitter).
- Greinke will be traded before the July 31st deadline, GM Doug Melvin told Bob Nightengale of USA Today. Melvin said Greinke could handle pitching in a large market. "There are so many good things about him, it's going to be difficult when we trade him,'' Melvin said. GMs and executives agree Greinke is the prize pitcher available in trades, Nightengale reports.
- One source believes Greinke will be traded before Ryan Dempster, Jon Paul Morosi of FOX Sports reports (on Twitter).
- Brewers GM Doug Melvin confirmed on WTMJ radio that he's taking phone calls and acknowledged that Greinke could be traded before his next start (transcript via Tom Haudricourt). "At this point we have to listen to opportunities to improve the ball club for the future and still try to win ball games now," Melvin said.
- Melvin added that the Brewers haven't had recent extension talks with Greinke.
- The Brewers are taking calls from teams interested in acquiring Greinke, Tom Haudricourt of the Milwaukee Journal Sentinel reports. "It sounds like he's as good as gone," one person told Haudricourt.
- Haudricourt offers a detailed look at which prospects interest the Brewers’ decision makers. Milwaukee would love to have Rangers shortstop prospect Jurickson Profar, but the Rangers consider him untouchable. The Brewers would be very interested in Rangers left-hander Martin Perez and have scouted right-hander Justin Grimm.
- The Brewers are thought to rank Braves right-hander Julio Teheran ahead of Randall Delgado and Mike Minor, according to Haudricourt. The Brewers want pitchers who can contribute at the MLB level soon.
- Milwaukee prefers Angels shortstop prospect Jean Segura to Garrett Richards, Haudricourt writes.
- The White Sox also appear to have considerable interest in Greinke.
- Marlins owner Jeffrey Loria may soon be faced with the question about selling at the deadline, something he wanted to avoid in the first year of the club's new ballpark. The best thing they could do to improve their farm system likely involves trading guys like Anibal Sanchez, Omar Infante, and the newly acquired Carlos Lee.
- White Sox GM Kenny Williams always thinks big and it would not be surprising to see him get in on pitcher such as Zack Greinke. The problem is that his farm system doesn't have much to offer and they don't want to give up pieces off the big league roster while contending.
- The best guess right now has the Padres keeping Carlos Quentin and trading Chase Headley. Rosenthal says it's simple supply-and-demand; as many as ten teams have shown interest in the third baseman Headley. The team isn't sure they can get more for Quentin in a trade than they would by letting him walk as a free agent and recouping draft picks after the season.
- The Orioles are clearly buyers. They're willing to trade any prospect not named Dylan Bundy or Manny Machado, but they probably don't have enough to get Greinke. They do have interest in lesser arms like Joe Blanton and Jason Vargas, as well as leadoff man Juan Pierre.
- The Brewers could pit the Rangers and Angels against each other in the Greinke sweepstakes. Texas is unwilling to trade Mike Olt, Jurickson Profar, or Martin Perez for a rental, which could create an opening for the Halos if they're willing to deal Major League talent.
- The Phillies do not intend to trade Cliff Lee to create payroll room for Cole Hamels. If they do keep Hamels long-term, they could have $140MM tied up in just eight players going into next season.