Vernon Wells Rumors
Here's the latest out of the American League East..
- Whether you like the Yankees spend-heavy ways or not, you have to give General Manager Brian Cashman a great deal of credit, writes Joel Sherman of the New York Post. While detractors could call the Bombers lucky for finding diamonds in the rough such as Travis Hafner, Vernon Wells, and Lyle Overbay, it's difficult to write off similar success Cashman has had in the two years prior with unheralded acquisitions.
- Despite his resurgence in New York, Vernon Wells still says that he plans to retire after next season when his seven-year, $126MM contract expires, writes Jon Paul Morosi of FOX Sports. When Morosi noted that the allure of playing for the Yankees has kept Mariano Rivera and Andy Pettitte in the game past age 40, Wells laughed and said, “I think Mariano is sticking with his plan this time, so I’ll go with that.”
- Despite the club's recent slide, Red Sox manager John Farrell says that this is not the time for a shakeup, writes Peter Abraham of the Boston Globe.
- Here's more on the Red Sox from earlier today.
Over the course of 48 hours last week, teams handed out nearly a half-billion dollars in long-term deals to Justin Verlander, Buster Posey, Adam Wainwright and Paul Goldschmidt, Bob Nightengale of USA Today notes. But not all of those expensive contracts go well, which leads to, for example, last week trade of Vernon Wells from the Angels to the Yankees. "We're becoming like the NBA," says Brewers GM Doug Melvin. "Instead of old-fashioned baseball trades, we're trading contracts. I can see more of these in the future. And that's concerning." A sidebar to Nightengale's article lists how much each team will be paying other teams this year, much of it for contracts gone bad. The Angels are paying the most money, most of it going to the Yankees for Wells. The Pirates are receiving the most money, much of it coming from the Yankees (for A.J. Burnett) and Astros (for Wandy Rodriguez). Here are more notes from around the league.
- Two bad months -- a bad August 2011 for the Red Sox, and a bad August 2012 for the Indians -- helped create the 2013 Indians, Paul Hoynes of the Cleveland Plain Dealer writes. Without the Red Sox's bad month, Cleveland wouldn't have been able to hire manager Terry Francona, and without the Indians' 5-24 August, the team's ownership might not have felt the need to make a splash in the offseason. That month of "zombie baseball" led to the acquisitions of Nick Swisher, Michael Bourn, Brett Myers and Mark Reynolds, Hoynes argues.
- The Red Sox will see former star Kevin Youkilis as he makes his regular-season debut with the Yankees on Monday, Peter Abraham of the Boston Glove notes. Youkilis signed a $12MM deal with the Yankees in the offseason. "It’ll be weird," says Boston's Jon Lester. "I wouldn’t never thought that it would happen. But he made that choice for him and his family. I’m sure he’s excited about it."
- Pirates second baseman Neil Walker also says he isn't likely to discuss a long-term contract with the team during the regular season, Michael Sanserino of the Pittsburgh Post-Gazette reports (on Twitter). The Bucs have not made a new offer to Walker, either, Sanserino says. Walker will make $3.3MM in 2013 in his first year of arbitration eligibility.
The nine top names to watch in Los Angeles baseball in 2013 include Chase Headley and Robinson Cano, argues Bill Shaikin of the Los Angeles Times. Headley could be an in-season trade target for the Dodgers, and Cano will likely be connected to the Dodgers as a free agent next winter. Shaikin also suggests that if the Dodgers don't do well in 2013, they could try to hire Rays GM Andrew Friedman. Here are more notes from the West divisions.
- The Mariners' decision to keep Jason Bay and designate Casper Wells for assignment doesn't make sense, Jeff Sullivan of USS Mariner says. Sullivan notes that Wells is younger, had four years of team control remaining, and has recently been the better player on both offense and defense -- and the Mariners will likely lose him for virtually nothing. "Wells, probably, is going to end up getting traded to a team with a thin outfield in exchange for a non-roster barely-prospect," Sullivan says. Sullivan also points out that Wells was one of the key players in the Doug Fister deal with the Tigers. The Tigers already looked like clear winners in that trade, but it's even clearer now.
- The Giants' signing of Buster Posey to an eight-year, $159MM contract demonstrates the inequities between the Giants and the Athletics, Susan Slusser of the San Francisco Chronicle writes. The Giants have opposed the Athletics' move to San Jose. "It's more than mildly ironic that the Giants granted a single player a contract that exceeds the A's entire payroll by a factor of three," says San Jose City Councilman Sam Liccardo.
- The trade of Vernon Wells to the Yankees gave the Angels additional payroll flexibility, Alden Gonzalez of MLB.com writes. The deal leaves the Angels about $6MM under the luxury tax threshold, Gonzalez reports.
Here are some notes from the big apple's two big league clubs:
- The Mets are "in desperate need of clearing several spots" on their 40-man roster, and have "put out word to other teams that they are interested in moving non-core prospects" who would have to pass through waivers to be retained, writes Adam Rubin of ESPNNewYork.com. With the team likely in need of four roster vacancies to account for players who figure to be added to the 40-man before Opening Day, the Mets could look to move players such as Gonzalez Germen, Darin Gorski, Reese Havens, Juan Lagares, Cesar Puello, Elvin Ramirez, and Hansel Robles, according to Rubin.
- The Blue Jays could be interested in the aforementioned Havens, tweets Andy Martino of the New York Daily News. Havens, a 25-year-old second baseman, has yet to see big league action and hit .215/.340/.351 over 390 Double-A plate appearances last year.
- After allowing him to reach free agency, the Brewers "didn't want to touch" Shaun Marcum this offseason due to injury concerns, tweets Martino. Marcum, now with the Mets, is looking unlikely to start the season in the rotation due to neck and shoulder issues, Anthony DiComo of MLB.com explains.
- The Yankees "will not receive credit on their 2014 luxury-tax payroll" for recently-acquired outfielder Vernon Wells, tweets FOX Sports' Ken Rosenthal. Instead, "the charge for him will simply be zero." Rosenthal had previously discussed the complicated background of the Yankees' attempt to maximize their ability to get under the luxury tax threshold in structuring the Wells deal. Wells is still due $42MM over the next two seasons as he plays out the end of his 7-year, $126MM deal. As Rosenthal explains, the Yankees will pay him $13.9MM of the remaining obligation, with only $2.4MM of that allocated to 2014 for purposes of luxury tax avoidance.
- Rosenthal discussed the financial impact to the Yanks for acquiring Wells, questioning whether the club might have been better served by instead inking Russell Martin this off-season. In particular, Rosenthal explained that Martin told New York that he would agree to a one-year deal for around $9-10MM before he agreed to terms with the Pirates on a two-year, $17MM contract.
- Discussing his contract, which he originally signed with the Blue Jays before it was famously assumed by the Angels, Vernon Wells acknowledged that "no one's worth that kind of money," tweets Andy McCullough of The Star-Ledger. Wells continued: "It’s what the market’s worth at that time ... I caught the market at a good time."
- While commentators and fans seem skeptical of the Yankees' prospects for 2013, as well as their recent roster moves, GM Brian Cashman is resolute, writes McCullough (hat tip to River Ave. Blues). Cashman says that any notion of rebuilding is "just not part of our DNA," and rejects the notion that the team has been holding back on spending, though he acknowledges that he intends to "tread water until the guys come back." In terms of philosophy on long-term commitments, Cashman says he will not be "gun-shy," but nevertheless will be "more choosy" going forward.
- Cashman also discussed the decision not to beat the Mets' offer for then-Twins hurler Johan Santana. Unlike current Yankees starter C.C. Sabathia, Cashman noted, Santana profiled as a "high-risk player going forward, health-wise."
A player with a supposedly untradeable contract has been dealt for a second time, as the Yankees acquired outfielder Vernon Wells from the Angels on a salary dump deal. The trade was announced officially today, and the Halos received a couple of token minor leaguers in outfielder Exicardo Cayones and lefty reliever Kramer Sneed. The big benefit for the Angels was salary relief, as the Yankees will reportedly assume a surprising $13.9MM of the $42MM owed to Wells for 2013-14, of which they'll pay $11.5MM this year to avoid a luxury tax hit in 2014. Wells was happy to waive his no-trade clause and escape a likely fate of being buried on the Angels' bench.
Wells, 34, was acquired to serve as the Yankees' everyday left fielder until Curtis Granderson returns to the lineup in May from a broken wrist. Signed to a seven-year, $126MM extension by the Blue Jays in 2006, Wells posted a solid year in 2010 that allowed Toronto to unload most of his remaining $86MM on the Angels, which also cost the Halos Mike Napoli and cost GM Tony Reagins his job. Wells performed terribly after the trade, hitting .222/.258/.409 in 791 plate appearances. It was surprising to see the Yankees essentially give a two-year, $13.9MM contract to a player most teams would consider a fourth outfielder at best. By comparison, the Cubs signed Scott Hairston this offseason for two years and $5MM. The trade is a big win for Angels GM Jerry Dipoto, who unloads a player he didn't need and avoids the Competitive Balance Tax.
Cayones, 21, was acquired by the Yankees from the Pirates in the A.J. Burnett trade in February of last year, so he's again attached to a salary dump. He hit .228/.374/.291 in 200 Low-A plate appearances last year, playing mostly right field. Sneed, 24, posted a 5.37 ERA, 6.9 K/9, 5.7 BB/9, and 0.71 HR/9 in 63 2/3 High-A innings last year. Neither is considered much of a prospect, which makes sense with the Yankees assuming so much of Wells' contract.
Yahoo's Jeff Passan first broke the story on Sunday, with Jim Bowden, Mike DiGiovanna, Alden Gonzalez, Jon Heyman, Buster Olney, Joel Sherman, and Mark Feinsand also contributing along the way. Photo courtesy of USA Today Sports Images.
Former Expos outfielder Warren Cromartie is convinced that the city of Montreal would welcome baseball back with open arms, writes Bill Beacon of the Canadian Press. Cromartie is heading up the Montreal Baseball Project -- an organization that has been formed with the goal of bringing baseball back to Montreal. The $400K project will be completed by year's end and feature financial analysis, legal consultation and extensive market research among the city's population. Here's more from around the league for those of you in the mood for some late-night reading...
- Former Expo (and Angel, Ranger and Oriole) Vladimir Guerrero has an offer from the independent league Quebec Capitales, and he's been in contact with the Long Island Ducks as well, tweets Ken Rosenthal of FOX Sports (confirming an earlier tweet from Chris Cotillo).
- The Indians are hopeful of working out a trade with the Rangers to keep Rule 5 Draft pick Chris McGuiness, tweets MLB.com's Jordan Bastian.
- The Yankees had preliminary discussions with Yuniesky Betancourt on Sunday but don't see a fit, Andy McCullough of the Star-Ledger reports (via Twitter).
- MLB.com's Brian McTaggart breaks down Rick Ankiel's incentive structure with the Astros (on Twitter). Ankiel, who has a $750K base salary, will receive $75K for 200, 250 and 300 plate appearances. He'll then receive $100K for 350, 400 and 450 plate appearances. All told, he could earn $1.275MM. Ankiel, an Article XX(B) free agent, was named the team's everyday right fielder earlier today.
- Mike DiGiovanna of the L.A. Times expects the Angels to receive a low- to mid-level prospect from the Yankees when the reported Vernon Wells trade is finalized (Twitter link).
- Joey Nowak of MLB.com lists 12 notable out of options players who could be traded before the end of Spring Training.
The latest from ESPN's Buster Olney (Insider subscription required)...
- Cuban slugger Yasiel Puig is forcing the Dodgers' hand with his monster performance in Spring Training, Olney writes. While the team clearly has no place for him to play given the presence of Carl Crawford, Matt Kemp and Andre Ethier, the buzz he's generating and intrigue from scouts could force the team to consider him for a quick promotion to complement Ethier and/or Crawford against left-handed pitching.
- Olney wonders why the Yankees appear willing to take on $13MM of Vernon Wells' salary in the trade that has reportedly been agreed to, but wouldn't spend that money on Russell Martin earlier in the offseason: "Instead of having a good defender at a premium defensive position, they have now invested that money in a corner outfielder who has been in decline the last couple of seasons and wasn't even used as a regular player for much of 2012."
- One possible explanation, as Olney notes, is the salary relief the Yankees will get from Mark Teixeira's injury. The World Baseball Classic is paying the team $7-8MM to cover the injury sustained by Teixeira as he prepared for the event.
- Similarly, the WBC is picking up the tab for the Dodgers on the injury sustained by Hanley Ramirez in the Championship game.
11:42pm: Joel Sherman of the New York Post says "most of the dollars will be applied to 2013" for the Yankees. Mark Feinsand of the New York Daily News has further details, explaining how "fancy accounting" could actually lead to a luxury tax credit for 2014. Jon Heyman of CBS Sports pegs the Yankees' tab closer to $14MM.
5:44pm: Out of the $42MM owed to Vernon Wells for 2013-14, the Yankees will pay in the range of $12-14MM, tweets Heyman. Earlier this afternoon, Heyman reported that the Yankees and Angels are in agreement on the deal, and "only seemingly small hurdles like commissioner approval remain." Since Wells has been a complete non-factor over the last two seasons, unloading $12MM+ of his contract seems like a big win for the Halos. - Tim Dierkes
3:28pm: Wells has let the Angels know he will accept the trade, tweets Heyman. "Always tough to say goodbye, but I'm excited," Wells told reporters, including MLB.com's Alden Gonzalez, as he was pulling out of the Angels' parking lot.
2:45pm: The Angels and Yankees are discussing a trade involving Vernon Wells and a deal could be done today, sources tell Jeff Passan of Yahoo! Sports (Twitter link). Jon Heyman of CBSSports.com categorized the talks as serious (on Twitter). Passan however tweeted one important caveat: Wells has a no-trade clause and it is uncertain whether he would waive it for the Yankees. A source tells ESPN.com's Buster Olney there is a "strong chance" the deal happens as Wells is said by a teammate to be excited about the possibility of joining the Yankees (via Twitter).
Wells is owed $42MM over the next two years and Passan tweeted the Yankees will receive some money in the deal, but the amount is not nearly as significant as one might think. The New York Post's Joel Sherman suspects the Angels will need to eat $34MM and that, along with the no-trade clause, will require more time before a trade can be finalized (Twitter links).
Last month, it was reported the Yankees were not expected to deal for Wells. But with Curtis Granderson, Mark Teixeira and Derek Jeter expected to start the season on the disabled list, their need for Wells' bat has increased with the 34-year-old likely becoming the everyday left fielder.
Charlie Wilmoth and Tim Dierkes contributed to this post.
The trade of the Angels' Vernon Wells to the Yankees appears to be on a path toward becoming official. Jon Heyman of CBS Sports has tweeted that the two teams are in agreement. Wells himself has acknowledged the trade, and has cleaned out his locker. Here are some notes on the deal.
- For the Yankees, the trade is a sign of desperation, Yahoo! Sports' Jeff Passan writes. "The reaction to the deal across baseball was a mix of wonderment and criticism," Passan reports, taking note of Wells' declining batting average and on-base percentage. Passan also writes that the Yankees' dependence on aging players such as Mark Teixeira, Alex Rodriguez, Derek Jeter and Curtis Granderson led to the rash of injuries that motivated their interest in Wells. The Yankees have alternatives in their own system who are better than Wells, Passan argues, including Melky Mesa and Zoilo Almonte.
- Richard Justice of MLB.com calls the Wells deal "a puzzling move," noting that the price the Yankees will pay -- likely somewhere around $13MM for two seasons -- is "no bargain." Wells "might not even be an upgrade over Brennan Boesch," Justice says. Ultimately, however, Justice describes Wells as "a gamble worth taking," thanks in part to his ability to play all three outfield positions.
- The trade would give the Angels' Peter Bourjos more breathing room, Alden Gonzalez of MLB.com writes. Bourjos was already the Angels' starter in center field, but with Wells gone, there will be less of a threat Bourjos will be replaced if he doesn't have a good start to the season.
Vernon Wells will be 35 years old when his $126MM contract expires following the 2014 season, at which point he expects to retire. The outfielder told Alden Gonzalez of MLB.com that his playing career will end after two more years.
Wells told Gonzalez that he intends to spend more time with his kids once he retires. Yet the three-time All-Star still expects to be involved in baseball. Wells hopes to own an MLB team at some point, and he plans to work with former teammate Torii Hunter. They plan on starting with a minor league team and progressing from there.
"It's definitely something we're interested in doing once we're both done playing," Wells told Gonzalez. "It's fun, man. Instead of playing fantasy GM, you're actually putting together your own team and learning what it takes to pretty much make money in an organization, especially in the minor leagues.”
Wells will earn $42MM between now and the end of the 2014 season, by which point he'll have earned more than $130MM during his playing career. Hunter will have earned $160MM at the MLB level by the time his two-year deal with the Tigers expires.
The Yankees aren’t expected to trade for Wells, even after losing Curtis Granderson for the beginning of the regular season. Wells posted a .230/.279/.403 batting line with 11 home runs in 262 plate appearances for the Angels in 2012.