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Rick Porcello, GM Ben Cherington On Extension

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What a difference a year makes. In April 2014, many doubted that Rick Porcello could ever meet the lofty expectations set for him roughly twelve years ago when he was mowing down every high school batter in Central Jersey.  Today, Porcello inked an extension with the Red Sox that will net him a guaranteed $82.5MM over four seasons.  That’s big bucks any way you slice it, but as Steve Adams noted earlier tonight, Porcello is sacrificing some earning potential by signing a deal at this juncture.  On a conference call with reporters, I asked the right-hander if he was hesitant to sign a deal just months away from being able to hit the open market at the age of 27.

“I mean obviously I knew the opportunity that was ahead of me in entering free agency, but when I first got to camp and I saw the way the team was run from the ownership to Ben [Cherington] to the coaching staff and the players that were there, I saw that it was run very well from top to bottom,” Porcello said. “The devotion to win was here and it was something that I wanted to be a part of.  It wasn’t a very difficult decision for me.”

Porcello went on to explain that he wasn’t thinking about signing an extension upon his arrival to Boston but he was board once that possibility presented itself.  As for the Red Sox, Cherington said that he was impressed with Porcello from the get-go.  One might think that a deal of this magnitude was hammered out over months of late nights at the office and bad takeout, but the GM explained that the deal actually came together rather quickly.  Cherington had “informal” conversations with agent Jim Murray towards the end of Spring Training and negotiations actually didn’t pick up until the last few days.

“When we made the trade we had interest in at least having a conversation about [an extension], but as Rick alluded to, we respected that he was new to the Red Sox and we wanted to give him an opportunity to get to know us a little more and vice versa,” Cherington said. “It gave us a chance to get to know him too…Aside from the pitcher that he is, which we obviously like, getting to know Rick more over the winter and spring we came to learn that he just has a lot of qualities that we really admire and we felt that he was type of guy that we wanted here and we see him as a very important part of our team going forward for many years.”

There’s already plenty of discussion about the deal, with some believing that Porcello wisely locked in after a career year and others feeling that the Red Sox ace should have tried to build off of his 2014 effort and land an even bigger deal next winter.  Porcello, for his part, could do without any of the attention.

“If we could have signed it without announcing it, that would have been fine with me. Today was about our season opener and the Red Sox winning.”

Pirates, Gregory Polanco Table Extension Talks

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The Pirates and Gregory Polanco were known to be taking a second try at working out a long-term deal after last year’s negotiations didn’t result in an agreement, but Jon Heyman of CBS Sports reports that the sides have again decided to put their extension talks on hold. According to Heyman, the two sides will revisit an extension following the 2015 season.

Of course, by that point, the price tag could rise significantly for Pittsburgh. The 23-year-old Polanco has been considered one of baseball’s brightest young players for quite some time, as he first began to surface on Top 100 prospect lists prior to the 2013 season. Last year, Polanco hit .328/.390/.504 with seven homers and 16 steals in 305 Triple-A plate appearances before being called up to the Majors. Polanco was the talk of baseball when he hit .338/.416/.441 through his first 16 games, but he cooled and finished the season with a .235/.307/.343 line.

A big year for Polanco would likely make the asking price for his agents at the Beverly Hills Sports Council significantly higher, though they also run the risk of Polanco’s struggles continuing and Pittsburgh significantly reducing the bounds of its comfort zone. Per Heyman’s report, the Pirates were willing to make Polanco the highest-ever offer for a player with less than one year of service time — Chris Archer’s $20MM extension currently holds that distinction — but the two sides weren’t able to agree on the salaries of the option years that would be included in the deal.

The Pirates already control Polanco through at least the 2020 season, which will be his age-28 season. Locking in Polanco to a deal with at least one club option would ensure that both he and Starling Marte are under team control through the 2021 season. Center fielder and 2013 NL MVP Andrew McCutchen is under club control through the 2018 season.

Rangers Sign Wandy Rodriguez To Minor League Deal

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9:04pm: Rodriguez will earn the pro-rated portion of the league minimum upon promotion to the Majors, but his contract also contains up to $1.8MM worth of incentives for games started, reports Jon Heyman of CBS Sports (on Twitter).

7:01pm: The Rangers announced that they’ve signed left-hander Wandy Rodriguez to a Minor League contract. The veteran southpaw will be assigned to Triple-A to begin his Rangers career.

Rodriguez, 36, made a name for himself in the Astros rotation beginning in 2008, and from that season through 2013, he worked to a combined 3.48 ERA with 7.7 K/9 and 2.8 BB/9 in 997 1/3 innings between Houston and Pittsburgh. He was in the mix for a rotation spot with the Braves in March but wasn’t able to lock down a spot despite enjoying an excellent spring. In 23 innings this spring, Rodriguez notched a 3.13 ERA (eight earned runs) on 22 hits and eight walks with 23 strikeouts.

The Rangers’ pitching woes have been well documented, with the most notable blow coming earlier this spring when they learned that ace Yu Darvish required Tommy John surgery. Additionally, former rotation cornerstone Matt Harrison’s career is in jeopardy after a series of back injuries, and lefty Derek Holland missed much of the 2014 season due to knee troubles. The Rangers are currently relying on a rotation of Yovani Gallardo, Holland, Colby Lewis, Ross Detwiler and Nick Martinez — a questionable group whose ranks could eventually be cracked by a healthy Rodriguez.

Red Sox Sign Rick Porcello To Four-Year Extension

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The Red Sox announced that they’ve signed right-hander Rick Porcello to a four-year contract extension that covers the 2016-19 seasons. Porcello, a client of Excel Sports Management’s Jim Murray, will reportedly receive $82.5MM over the four-year term of the contract. He’ll first receive a $500K signing bonus before earning $20MM in 2016 and 2017 then $21MM in 2018 and 2019. Porcello was already slated to earn $12.5MM this season after avoiding arbitration this winter, and that salary remains intact.

Rick Porcello

For the 26-year-old Porcello, there’s certainly risk involved in taking a long-term deal at this juncture, as he was set to hit the open market just six months from now at the age of 27. However, while he’d have had a chance at a lengthier deal, the $20MM+ annual salary is likely one that few would have foreseen a year ago, when the former first-round pick entered the season with a career 4.51 ERA and a career-high of 182 innings.

Last year’s excellent performance turned Porcello’s fortunes, however, as he worked to a career-best 3.43 ERA in a new career-high 204 2/3 innings. Porcello averaged 5.7 K/9, 1.8 BB/9 and posted a 49 percent ground-ball rate in 2014 — a significant step forward for a pitcher that many have believed to have untapped potential prior to last year’s breakout. Porcello will surrender his first four free agent seasons by signing this deal — and perhaps the ability to lock in a $100MM+ contract next offseason — but he’ll retain the right to hit the open market again at the age of 30, setting him up for another significant contract. Beyond that, however, is the fact that Porcello seems genuinely excited to be a member of the Red Sox. In a Players Tribune article that he penned himself, Porcello explains that the dedication to winning he’s seen since the day he joined the Red Sox played a major role in his decision to sign a long-term deal now, thereby forfeiting the exceptionally rare opportunity to be a 27-year-old free agent starting pitcher.

While the Red Sox will certainly hope the early stages of his contract go better than this comparison, the contract isn’t entirely dissimilar, philosophically, from the one signed by Homer Bailey a year ago. Cincinnati paid what most considered to be market value for Bailey, tacking five years and $95MM on top his final arbitration year, despite relatively underwhelming career statistics. The hope in that contract, as is the case with this deal, is that recent steps forward will be sustainable, if not a portent for even further development.

From the Red Sox’ perspective, the deal provides them with additional certainty in their rotation in the long-term. They’ll now have Porcello under control through 2019, Wade Miley and Joe Kelly under team control through 2018, and Clay Buchholz under team control through the 2017 season. It’s also another example of the Red Sox’ preference to avoid investing in pitchers in their 30s and their preference to limit the length of long-term contracts (in this case, likely at the expense of a higher average annual value).

That last item is probably the key to this deal. There will undoubtedly be detractors who focus on the contract’s average annual value as opposed to limiting the risk by minimizing the years and investing in prime seasons rather than potential decline years. It’s certainly possible that the contract will look poor at some point over the life of the deal, but it’s roughly the same figure for which James Shields signed, and Porcello is seven years Shields’ junior. And while Porcello clearly lacks the type of track record that Shields and other veteran free agents will typically sign for, such contracts typically begin at the time Porcello’s current deal will end. It wouldn’t be a surprise for a prime-aged Porcello to outperform an aging veteran that might be more typically expected to sign this size contract, and Boston certainly seems to be of the belief that betting on those prime years, particularly in terms of starting pitchers, is a better route than paying premium prices for potential decline years.

Alex Speier of the Boston Globe reported the financial details of the contract (Twitter links). Jon Heyman of CBS Sports reported the limited no-trade clause (also on Twitter).

Photo courtesy of USA Today Sports Images.

Additional Reactions To The Kimbrel/Upton Trade

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Last night’s unexpected blockbuster that sent Craig Kimbrel and Melvin Upton to the Padres in exchange for Cameron Maybin, Carlos Quentin (since designated for assignment), Matt Wisler, Jordan Paroubeck and a Competitive Balance draft pick (No. 41 overall) stunned much of the baseball world. While there’s already been a significant amount of reactions to the move, here are a few more from around the industry…

  • The Braves are “huge winners” in the trade, opines ESPN’s Keith Law. Atlanta was able to move a valueless asset in Upton and a high-risk commodity in Kimbrel in exchange for a valuable but injury-prone center fielder (Maybin), a Major League ready pitching prospect (Wisler), a highly athletic outfield prospect (Paroubeck) and a draft pick that gives them the fourth-highest pool this June, writes Law. Wisler could become a No. 2 starter if any of his secondary pitches develop into plus offerings, in Law’s opinion. While he considers that unlikely, he does note that Wisler can still be a league-average starter that adds value through durability.
  • Braves president of baseball operations John Hart tells David O’Brien of the Atlanta Journal Constitution that it was incredibly difficult to trade Kimbrel, and the front office was prepared for the inevitable fan backlash to trading the wildly popular closer. “Believe me, this wasn’t something that anybody in this organization had any disregard for fans,” Hart explained. “This was a huge part of the discussion as we went through it. … It’s not like you wanted to come in and start looking around and say, look, we’re going to heartlessly trade these guys off. We’re looking to, if you will, do the best thing and the right thing for the organization, and sometimes things like this happen.” Hart also said that Kimbrel handled the news that he’d been traded with the utmost class and spoke exceptionally highly of Kimbrel’s character.
  • MLB.com’s Mark Bowman also has some reactions from Hart, most notably explaining the importance of the financial flexibility attained by his team in this trade. Said Hart: “…[W]e freed up some financial flexibility and I think, again, what we do with that financial flexibility remains to be determined. But I think it’s going to be something where we’ll be aggressive in our approach.”
  • FOX’s Rob Neyer offers his take on the deal, reacting to colleague Ken Rosenthal’s description of the deal as “Craig Kimbrel for $53.35 million, two prospects and the 41st pick of the June draft.” Neyer notes that the cost may be more than $53.35MM, as that doesn’t include the value that Wisler could provide if he’s even a league-average starter for a couple seasons. Neyer argues that the inclusion of Paroubeck and the draft pick could very well be extraneous in nature, as it’s unlikely that either ultimately nets a significant amount of value at the Major League level, but Wisler’s value and the potential negative value of a dead roster spot (Upton) could make the perceived monetary cost of acquiring Kimbrel even steeper.
  • Neither team is a loser in this deal in the opinion of Grantland’s Jonah Keri, who writes that the Padres may now boast a bullpen trio that can rival that of Greg Holland, Wade Davis and Kelvin Herrera in Kansas City. Kimbrel, Joaquin Benoit and potentially Kevin Quackenbush (if and when he is recalled from the Minors) will be a dominant triumvirate that will not only excel late in games but will also lighten the workload of injury-prone arms like Andrew Cashner and Brandon Morrow. And while the Braves have parted with their best pitcher, they shed an enormous amount of payroll while adding a near-MLB-ready pitcher and a high pick in this year’s draft, accelerating their rebuild.
  • Quentin didn’t ask for anything in exchange for waiving his no-trade clause, tweets Scott Miller of Bleacher Report/FOX Sports San Diego. The lack of incentive is a contrast to many players we’ve seen recently indicate that they’d like options exercised in advance as compensation for waiving their no-trade clause. (Quentin does have a $10MM mutual option for next year.)

Mets Retract Outright Of Cesar Puello

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APRIL 6: The Mets have retracted Puello’s outright and placed him on the Major League disabled list, reports Rubin (Twitter links). Puello contested the outright assignment, stating that he was injured, and he does indeed have a stress fracture in his back. Puello will gain Major League service time and is on the team’s 40-man roster. Josh Edgin has been transferred to the 60-day DL to clear room, tweets The Record’s Matt Ehalt.

APRIL 3: Puello has cleared waivers, Rubin tweets.

APRIL 1: The Mets have placed young outfielder Cesar Puello on outright waivers, ESPN.com’s Adam Rubin reports. Out of options and a roster spot, Puello has long seemed destined to be headed either to another organization or off of the Mets’ 40-man.

Puello hits the wire on his 24th birthday. He reached Triple-A last year, slashing .252/.355/.393 in 371 plate appearances with seven home runs and 13 stolen bases. Though primarily a corner outfielder, Puello has seen at least some time in center in the minors.

Presumably, the Mets would have worked out a deal if Puello was in high demand, but his low power output in the hitter-friendly environs of Las Vegas — combined with a .265 spring slugging percentage — may have eliminated any serious interest. Of course, Puello has shown some promise in the past and could at least be a credible fourth outfielder, so he figures to draw interest. The question is whether any team will be interested in adding him to their 40-man roster, which would require an Opening Day roster spot at this juncture.

Extension Notes: Cueto, Zimmermann, Duda, Melvin

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We just heard that the Angels and Huston Street could continue their efforts to find a new deal before he hits the open market, but the same may not be true of several other prominent free agents-to-be. Here’s the latest:

  • Johnny Cueto and the Reds are not expected to reach agreement, Jon Morosi of FOX Sports tweets, confirming the expectations from recent reports. As Cincinnati takes the field, it appears the start of Cueto’s last year with the club.
  • The same holds true of Jordan Zimmermann and the Nationals, who as Morosi tweets never made progress on a new deal that could have kept him in D.C.
  • Mets GM Sandy Alderson says that he does not foresee restarting talks with first baseman Lucas Duda, as Matt Ehalt of the Record tweets. Of course, it seems likely that Alderson is merely referring to the notion that the team will not look to re-open talks during the coming season, not that it sees no future possibility of discussing a longer-term arrangement.
  • Meanwhile, it appears that an extension is all but a formality for the Brewers and GM Doug Melvin, as Tom Haudricourt of the Milwaukee Journal-Sentinel reports (Twitter links). Owner Mark Attanasio says that he is still talking about a new deal with Melvin, with the major question being how long the veteran executive wants to stay at the helm.

Mike Carp Elects Free Agency

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First baseman/outfielder Mike Carp declined his minor league assignment with the Nationals and elected free agency, James Wagner of the Washington Post reports on Twitter.

The 28-year-old lost a spring battle for a left-handed-hitting bench role to Clint Robinson, who enjoyed a big spring. Carp had underwhelming numbers in Grapefruit League action, meanwhile, following a 2014 season in which he slashed just .175/.289/.230 in 149 plate appearances.

Of course, it was not long ago that Carp looked like a rather useful player. In 2013, with the Red Sox, he took 243 turns at bat and his .296/.362/.523 with nine home runs. Combined with a productive 2011 campaign in Seattle, sandwiched around a less useful campaign, Carp was expected to play an important role in Boston’s championship defense.

Diamondbacks Acquire Victor Reyes From Braves

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1:06pm: While separately announced, this trade was part of the deal that sent Trevor Cahill to Atlanta, Nick Piecoro of the Arizona Republic tweets. The Braves would not have pulled the trigger on adding Cahill (and taking on a good portion of his salary) without getting the chance to add the pick in the Reyes swap, according to Piecoro’s sources.

12:34pm: The Diamondbacks have acquired outfielder Victor Reyes from the Braves in exchange for the 75th overall pick in this year’s amateur draft, Arizona announced. As a competitive balance draft choice, the selection was tradeable.

Reyes, 20, played at the low-A level last year in the Atlanta organization, slashing .259/.309/.298 in 361 plate appearances. He swiped 12 bases, but was also caught seven times. It seems fair to say that Reyes lacks power, as he has yet to hit a home run in 776 turns at bat as a professional.

Then again, Reyes has a substantial frame and may still have some pop to grow into, as Baseball America explained in ranking him as Atlanta’s 22nd-best prospect coming into the season. BA calls Reyes “lean and lanky,” crediting him with a solid hit tool and promising defensive profile in the corner outfield.

That draft slot was assigned a bonus allocation of just under $760K last year and will increase somewhat for 2015. Losing that amount will drop the D’Backs to just under $13MM in total draft spending capacity, while boosting Atlanta to a shade over $9MM.

Braves Designate Carlos Quentin For Assignment

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TODAY: The Braves have designated Quentin as planned, David O’Brien of the Atlanta Journal-Constitution tweets. Atlanta is said to be hoping that an American League team will be willing to take on some of his salary via trade.

YESTERDAY: The Braves plan to designate newly acquired outfielder Carlos Quentin for assignment, CBS Sports’ Jon Heyman tweets. Quentin is owed $8MM for 2015, so as Heyman notes, his presence in today’s Craig Kimbrel trade was merely to help the Padres offset the salary they agreed to take on when they acquired Melvin Upton Jr.

Quentin, 32, struggled with his hitting and his health last season and is limited defensively. Designating him for assignment could enable him to move to an American League team, where he might be able to help at DH.

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