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2016 Vesting Options Update

By Mark Polishuk | April 30, 2015 at 10:49am CDT

Several notable players could see their 2016 statuses change depending on whether or not they unlock vesting options in their current contracts.  With the opening month of the 2015 season almost in the books, let’s check in on the progress each of these players are making towards those getting those options to vest…

  • Chase Utley: The veteran second baseman has a $15MM vesting option for 2016 that becomes guaranteed if he makes 500 plate appearances.  (If he doesn’t, it becomes a team option worth between $5MM-$11MM depending on how much time Utley spends on the DL, with a $2MM buyout.)  Utley has received 81 PA while playing in 21 of the Phillies’ first 22 games, so he is well on the way to having his option vest despite a very rough start — only a .398 OPS and two homers this season, thanks to an incredibly low .102 BABIP.  There is little chance the Phils would let Utley walk for nothing this winter, especially when they could obtain something for him in a trade this summer if Utley agrees to waive his no-trade clause.
  • Jonathan Papelbon: The Phillies closer’s 2016 vesting option is one of the reasons why he hasn’t yet been traded, as other teams have been wary about acquiring a reliever with such a potentially large price tag.  Papelbon’s $13MM vests if he finishes 55 games this season, or posts a combined 100 games finished between 2014-15.  The stopper finished 52 games last year and has seven finishes thus far in 2015, putting him on pace for that guaranteed salary next year.
  • David Ortiz: If Ortiz makes at least 425 PA and passes a physical after the season, Boston’s $10MM team option on his services for 2016 will become guaranteed at $11MM (or more, depending on how many plate appearances Ortiz makes).  Ortiz has only had less than 425 PA in two of the last 14 seasons, so barring any injury setbacks for Big Papi, this one seems like a safe bet to vest.
  • Joaquin Benoit: The Padres hold an $8MM team option on Benoit for 2016, but the righty can turn that into a guaranteed option if he finishes at least 55 games this season.  Benoit’s chances are pretty remote, as he was relegated to setup man duties after San Diego acquired Craig Kimbrel.
  • Marlon Byrd: His original two-year, $16MM deal with the Phillies included an $8MM club option for 2016 that becomes guaranteed if he reaches 600 PA this season, or a total of 1100 PA over 2014-15 with at least 550 PA this season.  Byrd received 637 PA last season and he has 74 PA over 20 games with the Reds in 2015.  He should continue to get regular playing time for Cincinnati though Byrd is off to a slow start — a .441 OPS with no walks and 24 strikeouts.
  • Santiago Casilla: The Giants righty signed a three-year, $15MM deal in the 2012-13 offseason that contained a vesting option, though little is known about the option’s value or specifics.
  • Nori Aoki: The Giants’ $5.5MM club option on Aoki for 2016 will become a mutual option if Aoki reaches 550 PA.  The outfielder is hitting well and his 102 PA currently leads the league, so he’s well ahead of the pace to vest his option.
  • Jonny Gomes: The Braves outfielder can guaranteed another year on his contract (at a $3MM salary) if he makes 325 PA, and he can unlock higher salaries at the 425 PA and 500 PA plateaus.  Gomes has thus far received 47 PA over 15 games, putting him in decent shape for at least the first level of his vesting option.

We already know that Cliff Lee won’t achieve the innings totals required for his 2016 option to vest.  The Phillies southpaw is attempting to recover from a torn left flexor tendon without undergoing surgery and is currently on the 60-day DL.  Dodgers reliever Brandon League is also recovering from a right shoulder injury and thus stands virtually no chance of reaching the games-finished totals required to allow his 2016 player option to vest.

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Atlanta Braves Boston Red Sox Brandon League Cincinnati Reds Los Angeles Dodgers Philadelphia Phillies San Diego Padres San Francisco Giants Chase Utley David Ortiz Joaquin Benoit Jonathan Papelbon Jonny Gomes Marlon Byrd Norichika Aoki Santiago Casilla

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