JAN. 28: Haudricourt now tweets that he gets the sense the Brewers would like to find a way to make a Papelbon trade work, despite the fact that it would be complicated. Failing that outcome, a Francisco Rodriguez reunion is a fallback option for Milwaukee.
JAN. 27: While trade talks between the Brewers and Phillies regarding Jonathan Papelbon have slowed, MLB.com’s Todd Zolecki hears from two sources that the Phillies are still talking to both Milwaukee and Toronto about Papelbon. Zolecki adds that the seriousness of the talks is unclear at this time, though Ken Rosenthal of FOX Sports hears that Toronto’s interest is extremely limited (Twitter link). The Blue Jays would only acquire Papelbon if the financial risk associated with the transaction is “extremely limited,” per Rosenthal.
Additionally, ESPN’s Jerry Crasnick tweets that the Phillies have been in touch with an unknown AL club regarding Papelbon in the past few days. While that club could certainly be Toronto, it’s also possible that a second American League club could have kicked the tires on Papelbon.
The Blue Jays have repeatedly expressed interest in adding some experience to the back of their bullpen, though Papelbon is an imperfect fit for a number of reasons. For one, the Blue Jays are said to have only about $7MM remaining to improve their 2015 roster, and Papelbon is owed $13MM in 2015. Secondly, as CSN Philadelphia’s Jim Salisbury reported last week, Toronto is one of the team’s on Papelbon’s no-trade clause. Multiple reports indicated that Papelbon would require his $13MM vesting option to be guaranteed in order to approve a deal to a team on his no-trade clause, further muddying the financial situation for the Blue Jays.
As for the Brewers, talks with that team broke down due to financial concerns, and those concerns are still present, tweets Tom Haudricourt of the Milwaukee Journal-Sentinel. As he further notes, the ball is in Philadelphia’s court when it comes to a Papelbon trade, but the Phillies are strongly against letting his $13MM vesting option kick in, so it makes little sense for the Phillies to pay that money to facilitate a trade.
That scenario was one of the topics I discussed in today’s MLBTR Chat earlier this afternoon. The Phillies, as it stands, are on the hook for $13MM of Papelbon’s contract. If the team trades him and guarantees Papelbon’s vesting option, the acquiring club would owe the 34-year-old a total of $26MM. In that instance, even if the Phillies ate half of the money owed to Papelbon, they wouldn’t actually be saving anything. In fact, they may actually cost themselves money, as moving Ken Giles, the likely closer-in-waiting, into the ninth inning to open the 2015 season would surely cause his eventual arbitration price to rise.
It’s difficult then, to envision the Phillies paying anywhere close to $13MM of Papelbon’s salary without receiving a return that they feel is a significant upgrade to their farm system. The alternative would be to deal Papelbon to a club that is not on his no-trade list, with the acquiring club deploying him in a setup capacity. That could allow Philadelphia to save some money on Papelbon’s salary without the option coming into play. However, to this point, there haven’t been any indications that any of the 12 teams to which he cannot block a trade — the Red Sox, Rays, Royals, Angels, Mariners, Astros, Mets, Braves, Cardinals, Reds, Cubs and Padres — have any significant interest in trading for him.