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Giants Re-Sign Jake Peavy

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Pitcher Jake Peavy has officially agreed to a deal to return to the Giants, as first reported by Ken Rosenthal of FOX Sports (Twitter link).  It’s a two-year, $24MM deal with a full no-trade clause, according to ESPN’s Jerry Crasnick.  Peavy, a CAA client, will be paid a $4MM signing bonus and salaries of $7MM in 2015 and $13MM in 2016, writes Crasnick.

Jake Peavy

Peavy, 34 in May, posted a 3.73 ERA, 7.0 K/9, 2.8 BB/9, 1.02 HR/9, and 38.5% groundball rate in 202 2/3 innings for the Red Sox and Giants this year.  The Red Sox traded him to the Giants on July 26th with cash for Edwin Escobar and Heath Hembree.  Peavy posted a 2.17 ERA in 78 2/3 innings for the Giants after the trade.  While his control improved with the Giants, his sharp drop in homer-to-flyball rate (3.2 percent) isn’t sustainable, even in the pitcher friendly AT&T Park.

While the level of production he showed in the season’s second half is very likely to come back down to Earth, there’s no doubt that a full-time move to AT&T Park and the NL West will be of benefit to Peavy’s numbers.  He’ll provide the Giants with some much-needed stability in the rotation, as the team currently has a great deal of uncertainty behind ace Madison Bumgarner and veteran workhorse Tim Hudson.  Matt Cain is coming off elbow surgery, Ryan Vogelsong is also a free agent, Tim Lincecum hasn’t been reliable for the past three seasons and Yusmeiro Petit, while excellent in 2014, has never held down a rotation spot for a whole season.

Peavy’s contract closely mirrors that two-year, $25MM contract extension that fellow 34-year-old NL West hurler Jorge De La Rosa signed in August, and it’s also in line with what both Hudson and Bronson Arroyo signed for last winter.  While each of the latter two pitchers is considerably older than Peavy, they signed in a free agent market with less quality pitching available.  In a free agent profile back in late October, MLBTR’s Jeff Todd correctly predicted that Peavy would top Hudson and Arroyo, though Peavy’s final deal fell a bit shy of his $28MM prediction.

This marks only the second significant move for Giants GM Brian Sabean this offseason — he agreed to terms on a two-year, $15MM deal with Sergio Romo earlier in the week — though not for lack of trying.  The Giants made a legitimate run at re-signing Pablo Sandoval and have also been connected to Jon Lester, Yasmany Tomas and Chase Headley, among others, but each has signed elsewhere, leaving the Giants to seek upgrades elsewhere.

Photo courtesy of USA Today Sports Images.

Marlins Claim Preston Claiborne From Yankees

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The Marlins have claimed righty Preston Claiborne off waivers from the Yankees, MLB.com’s Joe Frisaro reports on Twitter. Miami now is without an available spot on its 40-man roster.

Claiborne, 26, has logged 71 1/3 innings for the Yankees over the past two seasons, most of them coming in 2013. In the aggregate, he owns a 3.79 ERA with 7.3 K/9 against 3.0 BB/9 over his big league work.

Brewers Claim Shane Peterson From Cubs

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The Brewers claimed outfielder Shane Peterson off waivers from the Cubs, MLB.com’s Adam McCalvy tweets. That move fills Milwaukee’s 40-man roster for the time being.

Peterson has emerged as a popular name for clubs that have an open roster spot, as this is his second transaction of the offseason. The 26-year-old is coming off of a .308/.381/.460 campaign (625 plate appearances) at Triple-A with the Athletics.

Orioles Claim Ryan Lavarnway, Release Quintin Berry

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The Orioles have claimed catcher Ryan Lavarnway off waivers from the Cubs, Baltimore announced. Outfielder Quintin Berry was released to create roster space.

Lavarnway has been one of the most frequently-moved players of the offseason, bouncing around several times since the Red Sox exposed him to waivers. Once one of the game’s most exciting prospects, the backstop’s huge power seemingly disappeared in recent seasons. But he has yet to have a full chance at the big league level and has continued to achieve excellent on-base figures at Triple-A.

Berry, 30, received 330 plate appearances with the Tigers back in 2012, slashing .258/.330/.354, but has not figured large on a big league roster since. Over 432 plate appearances at Triple-A last year, he slashed .285/.382/.367 while adding 25 stolen bases.

Cubs Claim Mike Kickham From Giants

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The Cubs have claimed lefty Mike Kickham off waivers from the Giants, San Francisco announced (per a tweet from Alex Pavlovic of the Mercury News). Kickham was exposed to outright waivers to clear a roster spot for the signing of Jake Peavy, per Henry Schulman of the San Francisco Chronicle (on Twitter).

Kickham, 26, has been knocked around in limited MLB experience over the last two seasons. But he continues to put up solid numbers in the PCL as a starter. Last season, he tossed 148 1/3 Triple-A frames, carrying a 4.43 ERA and 7.9 K/9 against 3.9 BB/9.

For the Cubs, Kickham represents a southpaw relief option as well as possible starting depth. Chicago has players like Felix Doubront, Tsuyoshi Wada, Zac Rosscup, and Eric Jokisch potentially available as lefties in the pen, but will go without several of last year’s primary LOOGY arms.

LG Twins Sign Jack Hannahan

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Korea’s LG Twins have reached a one-year, $1MM deal with corner infielder Jack Hannahan, per Naver Sports (Korean language link; h/t to Dan Kurtz of MyKBO.net). The 34-year-old has played in parts of eight big league seasons.

Hannahan missed much of last year after undergoing shoulder surgery, ultimately taking only fifty trips to bat with the Reds. Thus ended a disappointing two-year run in Cincinnati, over which Hannahan performed at a sub-replacement-level clip.

The veteran was quite productive back in 2011 with the Indians, when he slashed .250/.331/.388 over 366 plate appearances. With solid glovework, he was valued at over two wins above replacement in about a half-season of work.

NL Notes: Kemp, Rockies, Reds, Cueto, Kang

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The Dodgers’ $32MM payment to the Padres in the Matt Kemp deal will include $18MM spread over 2015, the Associated Press reports (via the Boston Herald). After getting most of its salary relief up front, San Diego will receive $3.5MM annually for the rest of the deal. As Dennis Lin of the San Diego Union-Tribune explains, that means that the Padres currently project to open the year with less than $90MM on the books. That could mean the team has more capacity to add, and indeed chairman Ron Fowler has indicated that there are more moves in the works while not committing to a payroll target.

Here’s more from the National League:

  • MLB.com’s Tracy Ringolsby takes a look at the Rockies’ inaction to this point. “I am constantly reminding myself and other people are reminding me that when we had health last year, we had a good team,” said GM Jeff Bridich. “It is not our intention from the get-go to give the roster a radical facelift. We are going to stick to our plan.” Injuries, of course, are not the only reason that the club was unable to stay in contention into the summer last year. But Colorado certainly has more talent than its record last year would indicate, and holding pat is an intriguingly bold strategy in its own right.
  • Another team that has been quiet in terms of addition is the Reds, though of course Cincinnati was proactive in dealing away two starters. MLB.com’s Mark Sheldon breaks down the remaining options for the club in left field, noting that Nori Aoki is still available and positing that the Padres could be a good match for a trade.
  • Reds ace Johnny Cueto will give the team until the start of the season to discuss an extension, agent Bryce Dixon tells Jon Heyman of CBSSports.com. Dixon also told Heyman that he views Jon Lester and, especially, Max Scherzer as viable comps for what Cueto will be able to land in free agency. The 28-year-old certainly has posted true-ace numbers, when healthy, dating back to 2011, though ERA estimators are not quite as enamored with his work. The Reds started a conversation with Cueto’s camp at the Winter Meetings, but have expressed a lack of confidence in getting something done.
  • Alan Nero, the agent for Korean infielder Jung-ho Kang, said yesterday that his client is excited that the Pirates won the rights to negotiate with him — even if the club does not have a direct route to a starting shortstop job. (Via Jon Morosi of FOX Sports, in a series of tweets.) Of course, Kang has little choice in the matter, since the high bidder gets exclusive bargaining. While he may have hoped that a team would add him with intentions of installing him directly into its regular lineup, Kang will certainly have at least some chance to unseat Jordy Mercer and should have other avenues to playing time for an adaptable Pittsburgh organization.

Minor Moves: Petit, Twins, Phillies

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Here are the day’s minor moves:

  • After being outrighted recently by the Astros, shortstop Gregorio Petit cleared waivers, SB Nation’s Chris Cotillo tweets. Petit will have an opportunity to elect free agency, as he has previously been outrighted.
  • The Twins have announced the signings of first baseman Brock Peterson and catcher Dan Rohlfing to minor league deals (via MLB.com’s Rhett Bollinger). Peterson, 31, has never had a full chance at the big leagues, though he did have a brief stint with the Cardinals in 2013. He has strong overall batting numbers in the high minors. The St. Paul Pioneer Press’ Mike Berardino first reported Peterson’s signing a few days ago. The 25-year-old Rohlfing, meanwhile, has not yet cracked the bigs and has also never ended a professional season above the .700 OPS threshold. But he has done enough to keep moving up the ladder, and will stay with the only organization he has played for.
  • Per an announcement by the Phillies, MiLB deals have been reached with first baseman Chris McGuiness and righties Sean O’Sullivan and Kevin Slowey. All three receive invites to big league camp. The 26-year-old McGuiness has only minimal time at the MLB level and slashed .264/.358/.412 in 489 Triple-A plate appearances last year. O’Sullivan, 27, and Slowey, 30, each have fairly significant major league track records and could compete for a pen slot or even the fifth starter’s role in Philadelphia.

Sergio Romo On Re-Signing With Giants

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Sergio Romo was one of several big name relievers on the open market this winter and had plenty of chances to pitch elsewhere.  However, at the end of the day, he opted to stay with “the only organization” he has ever known on a two-year, $15MM deal with incentives.  I asked Romo if clubs other than the Giants came to the table with the opportunity to close or three-year offers.

“To be honest with you, yes,” Romo said.  “Being a closer, that title doesn’t really matter to me…that third year would have meant a lot to me, but you’ve got to go to a place where you’re happy and excited to go to work every day.  The Giants gave me an opportunity to be somebody. I enjoy going to work and I’m really glad that I was wanted back.”

Though it took a move to the closer role for Romo to achieve widespread recognition for his abilities, he says that he approaches his job the exact same way, regardless of whether he’s called upon in the sixth, seventh, eighth, or ninth inning.  That’s good news for the Giants, who are happy to have the personable reliever back in the mix as a bridge to presumptive closer Santiago Casilla.

Romo may not have changed uniforms in his first trip through free agency, but he feels that it was an “eye-opening” experience that he will remember when he’s eligible again in two years.  The 2016/2017 offseason is a long way away and there are a number of factors at play, but right now Romo does not sound like a man who is interested in relocating anytime soon.

“We can literally count ten seasons now in the minor leagues and big leagues. I’m very thankful for every opportunity I’ve gotten. This is the place where I was able to make a name for myself and I’m really thankful that I’ll be able to continue here,” Romo said. “My heart really has been in San Francisco since I got drafted – so let’s do it.”

Phil Hughes Talks Contract Extension

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Phil Hughes was two years away from free agency, but both he and the Twins realized that they wanted to work something out for the long-term.  Earlier today, the Twins announced a three-year extension that will pay him an additional $42MM, giving the right-hander a pact that will take him through the 2019 season.  The deal gives Hughes job security, a healthy payday in the here and now, and also allows him the opportunity to cash in again at the age of 32.  As our own Steve Adams pointed out this afternoon, Hughes is on track to hit the open market again at roughly the same age as James Shields is this winter.  On a conference call earlier today, I asked Hughes about the importance of getting a deal that could allow him to land another hefty multi-year contract down the line.

“That’s the benefit of coming into the league at the age of 20, I put some service time behind me so even after this contract, I’ll be 32, 33, but that’s something for another day,” Hughes said.  “I haven’t even begun to think about my next deal, this is five years away and I have a lot of things I want to accomplish.  After that, we’ll see where we’re at.”

Hughes knows that he could have boosted his value even further by continuing on his previous deal, but he would have had “a little bit more of a struggle” in talking agent Nez Balelo into greenlighting an extension one year away from free agency.  The 28-year-old is clearly comfortable in Minnesota and spoke glowingly of the team’s potential in the years to come.  He was effusive in his praise of the roster, from promising youngsters like Danny Santana and Kennys Vargas to veterans like Ervin Santana and Torii Hunter.

“I didn’t want it to be where I came in for three years, kind of saw this team get back on the right track and then said, ’Thanks for everything. Thanks for having faith in me, but see you later.’ I wanted to be part of this for years to come, and I believe in the process and the direction that this team is going,” said the hurler.

As GM Terry Ryan put it, the extension called for “some risk on both parties.”  While Hughes passed up a chance to bet on himself and possibly earn more after the 2016 season, the Twins are making a sizable commitment to the right-hander and banking on the kind of pitching that he delivered in 2014.  For his part, Hughes is confident that he will continue to excel while warming up to the idea of a veteran leadership role at such a young age.

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