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12 Potential Free Agent Starters With Slipping Stock

By Connor Byrne | August 6, 2017 at 11:55pm CDT

Earlier this week, we examined eight impending free agent hitters who have endured difficult contract years in 2017. Today’s edition focuses on soon-to-be free agent starting pitchers who haven’t reached their past levels thus far, perhaps setting themselves up for disappointing trips to the open market in the offseason.

Masahiro Tanaka, Yankees | Salary: $22MM

Masahiro Tanaka

Tanaka can stick with the Yankees beyond this season and make a guaranteed $67MM through 2020, so he’s in much better shape than most pitchers who entered 2017 vying for new deals. However, Tanaka came into the year looking like a shoo-in to opt out of his current contract over the winter, and now there’s at least a bit less certainty on that front.

With a 4.93 mark through 129 2/3 innings, the right-hander’s ERA has climbed nearly two runs since he posted a sterling 3.07 figure over 199 2/3 frames last year. Still, aside from a bloated home run-to-fly ball rate (22 percent, up from 12 percent in 2016) and a career-worst batting average on balls in play (.311, compared to .270 from 2014-16), there are reasons for optimism. Tanaka’s velocity looks fine, while his swinging-strike (15 percent) and contact (70.8 percent) rates easily rank as career highs. Further, at 20.2, he’s running the majors’ 13th-best strikeout-walk percentage among starters. All said, it’s dubious as to whether Tanaka’s stock actually is down to any significant extent. Nevertheless, the 28-year-old’s sudden homer and run prevention issues have clearly come at an inopportune time.

Johnny Cueto, Giants | Salary: $21MM

Cueto, like Tanaka, has a looming opt-out decision. The 31-year-old righty will have to choose between eschewing a guaranteed $89MM through 2022 and remaining in San Francisco after the season ends. There may be less certainty with Cueto’s situation than Tanaka’s, as the former is a few years older and has been the bigger disappointment this season. He’s also on the disabled list at the moment with a mild flexor strain, though there’s no ligament damage. Prior to landing on the shelf, Cueto registered a 4.59 ERA – a sizable increase over the seasonal ERAs he put up from 2010-16, when he never surpassed 3.64 during an individual campaign.

More walks, less velocity, fewer grounders and an uptick in homers allowed are among the reasons for the longtime ace’s newfound woes. Cueto averaged fewer than two free passes per nine in each of the previous two seasons, but he’s now up to his highest figure in that department since 2009 (3.19). At the same time, Cueto, who has exceeded a 50 percent grounder rate in three seasons (including 2016), is down to 39.2 percent in that area this year. That’s Cueto’s worst mark since 2008, and a lower frequency of wormburners has helped lead to a 15.4 percent homer-to-fly ball ratio. While that may not look catastrophically high, it’s alarming relative to Cueto’s rate from 2008-16 (9.9 percent) and for someone who calls the pitcher’s haven known as AT&T Park home.

Jeremy Hellickson, Orioles | Salary: $17.2MM

Hellickson was effective enough as a Phillie in 2016 to warrant a qualifying offer, which he surprisingly accepted last November in lieu of testing a weak free agent market. Unfortunately for Hellickson, the success the righty enjoyed last season hasn’t transferred to 2017, meaning he’s unlikely to rake in another substantial salary next year. Now an Oriole after the Phillies dealt him last week, the 30-year-old has teamed a subpar ERA (4.45) with personal-worst strikeout (5.13 K/9), ground-ball (34.7 percent) and swinging-strike (8.2 percent) rates through 119 1/3 innings.

Jake Arrieta, Cubs | Salary: $15.64MM

With a 3.88 ERA, 8.74 K/9 and 2.96 BB/9 in 127 2/3 innings, Arrieta certainly hasn’t had a poor year. That said, by no means has Arrieta matched his fantastic stretch from 2014-16, a period in which the righty won an NL Cy Young (2015) and combined for the majors’ second-best ERA (2.42) and sixth-best fWAR (16.1). Decreased velocity and a dip in grounders have contributed to Arrieta’s descent, though agent Scott Boras has still publicly lobbied for a $200MM-plus contract on his client’s behalf. On one hand, it’s often a fool’s errand to bet against Boras. On the other, neither Arrieta’s decline in production nor the fact that he’ll enter his age-32 season in 2018 will aid him on the open market.

Marco Estrada, Blue Jays | Salary: $14MM

Estrada unexpectedly managed premier results with the Blue Jays from 2015-16, with a 3.30 ERA that ranked 20th among starters and stemmed from his ability to induce weak contact. No starter over that two-year span outdid Estrada’s 14 percent infield fly rate, in fact, and he encouragingly continues to pace the majors in that category this season (15.4 percent). Nevertheless, the low-.200s BABIP that Estrada induced over the previous two seasons has skyrocketed to .309 in 2017, helping lead to a 5.12 ERA over 128 1/3 innings. It’s not all bleak, though: Estrada’s expected weighted on-base average against, .301, is 43 points better than his actual wOBA, according to Statcast (via Baseball Savant), and the righty’s 24 percent strikeout rate is his best since 2012. There’s hope for a revival, then, but the run prevention troubles and Estrada’s age (34) figure to work against him as he seeks his next deal.

Clay Buchholz, Phillies | Salary: $13.5MM

It was only two years ago that the longtime Boston whipping boy ranked fourth among starters (100-inning minimum) in FIP and 24th in ERA. That season is now a distant memory for Buchholz, who struggled in his final season with the Red Sox last year. The Sox traded the 32-year-old to the Phillies during the offseason, but Buchholz wasn’t able to use his platform campaign to revive his career. He took the mound just twice this season before undergoing surgery on a torn flexor pronator mass in his right forearm in April.

Francisco Liriano, Astros | Salary: $13MM

Like Buchholz, Liriano came into the year with depressed stock that has continued to worsen. Although Houston sent a decent outfield prospect, Teoscar Hernandez, to Toronto for Liriano prior to the July 31 trade deadline, the Astros are using the left-hander as a reliever. Liriano, 33, hasn’t impressed as a starter dating back to last season, and this year has been especially trying. Across 83 2/3 frames (20 appearances, 18 starts), the former front-of-the-rotation option has produced a 6.02 ERA and seen his strikeout, walk and ground-ball numbers trend in the wrong direction. Liriano’s K-BB percentage (7.9) is at its lowest since 2011, while his 43.9 percent grounder rate is the worst he has registered since 2012. He’s also down to a 9.7 percent swinging-strike rate, representing almost a 5 percent drop since 2015.

Chris Tillman, Orioles | Salary: $10.05MM

Tillman was someone the Orioles could count on for quality innings from 2012-16, a five-year stretch in which he threw no fewer than 172 frames four times and combined for a 3.81 ERA (4.27 FIP). Understandably, the Orioles showed interest in giving the steady righty a contract extension last winter, but they’re surely glad they held off at this point. Perhaps thanks in part to shoulder issues that cropped up last season, Tillman’s velocity has been down for most of this year, and he has logged ghastly numbers. After the 29-year-old Tillman paired an 8.10 ERA with a 4.59 BB/9 in 15 starts and 66 2/3 innings, the Orioles removed him from their rotation Saturday. Notably, all 194 of Tillman’s major league appearances have come as a starter, but he’ll next take the mound as a reliever in what has been a hellish contract year.

Andrew Cashner, Rangers | Salary: $10MM

Based on run prevention and ground-ball percentage, Cashner doesn’t belong here. After all, the 30-year-old righty is sporting an outstanding 3.36 ERA, which puts him in company with aces such as Stephen Strasburg and Jacob deGrom, and has induced grounders at a 50.4 percent clip through 107 innings. If you take a deeper dive, though, there are some notable red flags: Among the 89 starters who have amassed at least 100 innings this year, Cashner ranks 88th in K/9 (4.63), swinging-strike percentage (5.9) and contact rate (86.8 percent). Worse, he’s dead last in K/BB ratio (1.28). Additionally, Cashner’s velocity has fallen to career-worst levels this year.

Michael Pineda, Yankees | Salary: $7.4MM

It’s not really through any fault of Pineda’s that he made this list, but the torn ulnar collateral ligament he suffered in his right elbow last month erased any hope of a substantial offseason payday. Prior to undergoing Tommy John surgery, the 28-year-old mixed tantalizing performances with frustrating ones, as he’s wont to do, though he still would’ve been a candidate to land a healthy contract over the winter. Instead, Pineda will likely have to settle for the type of deal ex-teammate Nathan Eovaldi did last offseason, when the August 2016 Tommy John recipient joined the Rays on a pact featuring a couple million in guarantees for one year and a club option for the next.

Tyson Ross, Rangers | Salary: $6MM

Ross, 30, was a bona fide front-line starter before he suffered a shoulder injury on Opening Day 2016 that forced the then-Padre to sit out the season. The righty then underwent thoracic outlet syndrome surgery last October, but he still drew vast interest as a free agent over the winter before managing to secure a solid amount of guaranteed money from Texas. While a return to form this season could have netted Ross a multiyear deal in free agency, a renaissance hasn’t been in the cards. Since debuting in June, Ross has registered a 7.52 ERA with 7.52 K/9 and 5.57 BB/9 across seven starts and 32 1/3 frames. If those numbers don’t look ugly enough, Ross’ ground-ball rate has plunged from a career 55.2 percent figure to 38.9 percent this year, and his velocity is easily the lowest it has ever been.

Brett Anderson, free agent | Salary: $3.5MM (Cubs)

Last winter, one year after the Dodgers deemed him worthy of a $15.8MM qualifying offer (which he accepted), Anderson inked a buy-low deal with the Cubs on the heels of a truncated 2016. It was understandable on the reigning World Series champions’ part to gamble on the injury-prone Anderson’s talent, but they ended up parting with the southpaw in late July after a stint in which he recorded miserable results on the mound and spent time on the DL. Anderson, 29, threw just 22 innings over six starts with Chicago and limped to an 8.18 ERA, 6.55 K/9 and 4.91 BB/9. Dating back to last season, when injuries limited the then-Dodger to a mere 11 1/3 frames, Anderson has surrendered 35 earned runs on 39 hits and 16 walks, with 21 strikeouts, in 33 1/3 innings.

Photo courtesy of USA Today Sports Images.

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43 Comments

  1. virginiascopist

    8 years ago

    How about Ubaldo Jimenez? I guess his stock was never that high to begin with.

    2
    Reply
    • Solaris611

      8 years ago

      Exactly what I was thinking. I’m sure BAL GM Dan Duquette has had a countdown tracker on his office wall since the first season of Jimenez’ nightmarish 4-year deal. It was a bad signing that only got worse. Jimenez is most likely to be the next Mat Latos or Edwin Jackson – signed on minors deals, called up to make a spot start or 2 before being DFAd.

      1
      Reply
    • angelsfan4life

      8 years ago

      He would be lucky to get a minor league deal with an invite to camp. The last time he was a FA, Baltimore was the only team to offer him a contract.

      1
      Reply
      • Modified_6

        8 years ago

        I have a hard time believing that considering what they paid him.

        Reply
    • gomerhodge71

      8 years ago

      If you’re an O’s fan, the past four years must seem like a decade.

      Reply
    • thekid9

      8 years ago

      Love that teams are so dense that they are duped by Boras into paying for previous performance.. see Arrieta

      Reply
  2. Lefty_Orioles_Fan

    8 years ago

    Tyson Ross and Tillman did not pitch in Spring Training and if you don’t pitch then, then your year will be terrible and they have both proven my notion

    Cashner has learned how to pitch in my opinion and I am surprised no one took a gamble on him before the deadline. He pitched well twice against the O’s this year.

    I like him still and would not mind if the O’s signed him next year

    Hellickson was good in his debut with the O’s as for everyone else Ihave not really watched them at all this year.

    Reply
    • baberuthbomber8

      8 years ago

      I think Cashner was on the DL to start the year as well

      Reply
  3. jonscriff

    8 years ago

    tanaka stock definitely has gone down but he’s been great his last few starts so if he can end the year on about an era under 4.20 i think he opts out

    1
    Reply
  4. tharrie0820

    8 years ago

    Why do the article writers on this site keep saying it was a surprise hellickson accepted his qualifying offer? Baffles the mind

    3
    Reply
    • jdgoat

      8 years ago

      A three year 30 million dollar deal would’ve probably been better than a 1 year for 18 million

      Reply
      • canajay12

        8 years ago

        If you do well enough to receive a QO in the first place I think you’d like your chances of locking up at least a 2 year 12 mill deal following. As we’ve seen even very mediocre guys who have any sort of track record can bring in close to 10mill per season on the market.

        3
        Reply
    • davidcoonce74

      8 years ago

      Because most pitchers especially want more years guaranteed.

      1
      Reply
      • baberuthbomber8

        8 years ago

        Mid-Rotation inning eating SPs still get paid.. Look at Cashner and Ross.. take the 18 million and then you have 2 years to make up the 12…

        Reply
  5. ABCD

    8 years ago

    Arrieta will get a QO, reject it, and sign somewhere for nine figures. But it will be closer to 100MM.

    2
    Reply
  6. IndianaDodgerFan

    8 years ago

    Brett Anderson’s story is a sad one. He has great stuff and throws from the left side. But he can’t stay healthy. If he could he would be one of the better starters in the game. Some people just can’t make it through 162. It’s a story of could of and should of

    1
    Reply
    • vtadave

      8 years ago

      Brett Anderson has made nearly $50 million. He will be ok.

      3
      Reply
    • xabial

      8 years ago

      Sounds like Mark Prior 2.0?

      1
      Reply
  7. charles stevens

    8 years ago

    Cashner might not have the velocity of the past but he’s a much improved PITCHER. I think he will do fine in free agency.

    1
    Reply
  8. mike156

    8 years ago

    Gold star to Boston’s FO in trading Bucholtz–unloaded his full salary and even got something back in return. I’ll bet Phillies not especially happy

    Reply
    • Phillies2017

      8 years ago

      Nah, doesn’t make much of a difference to us. We converted on Kendrick, Hellickson, Neshek and Benoit last offseason so 1 misstep is no biggie.

      Reply
      • Tom

        8 years ago

        Don’t really see how the Phillies converted on any of those players…they dumped them for lottery tickets that likely will never pan out. And since the Phillies seem allergic to spending big money on the amateur market, i.e., international free agents, that extra money will likely not amount to much.

        1
        Reply
  9. sfjackcoke

    8 years ago

    Provided he can get a couple of starts in before 8/31, I think Cueto will be on the move at the end of August . His problems all season have stemmed from blister issues which he’s never had before and seemed rooted in the supposed “different baseball” this year. I say that because the cost to acquire him will be cheaper than a rental due to his opt out/in and someone is going to roll the dice.

    Cleveland, Houston, Chicago Cubs & Boston are all possible destinations due to injury and/or poor performance at the back of their rotations. You could even argue that CHC would maybe want Cueto to opt in, preferring his 4yr deal to whatever Boras thinks Arietta is worth. They will get 1st crack at him as he goes thru waivers NL then AL.

    1
    Reply
    • Tom

      8 years ago

      No team is going to take Cueto. His potential injury and his opt-out seriously complicate matters for both the seller and buyer.

      1
      Reply
  10. msjrn509

    8 years ago

    Lance Lynn is proving he was best on trade market.

    Reply
  11. xabial

    8 years ago

    Tanaka’s stock should be rising.. No mention of his 139 /28 K/BB in 129.2 IP?

    After a 4.20 ERA in April, horrendous 8.20 ERA in May, he has had an ERA of 3.82 in June, and 3.94 in July. In his 1 start in August he has a 1.50 ERA, a game he gave up 1 ER in 6 IP, 1BB, 7 SO, 1 BB. After that game his ERA, slide below 5 for the first time since May 8 (his ERA was 4.32) What happened after May 8? May 14 he gave up 8ER in 1.2IP raising his ERA from 4.32 to 5.80 in the process. That obliteration started a slide that saw him go 0-6 in his next 8 games after starting the season 5-1 with a 4.32 ERA on May 8th.

    After May 8th He proceeded to go 0-4 next 4 May starts giving up 6, 8 and 7 ER the next 3 out of his 4 games, respectively.

    Tanaka is an interesting case, that requires you to dive deeper than his 8-10 Record and 4.92 ERA would suggest.

    I lean towards him opting out because of his peripherals, youth (28 years old) and pitches the same way his June, July, and August trends are heading.

    1
    Reply
  12. Lanidrac

    8 years ago

    At this rate, the second best starter on this offseason’s free agent market (after Darvish) may very well end up being Lance Lynn. Arrieta will probably still get a much bigger contract, but I’d personally rather give 5 years to Lynn than to Arrieta.

    Reply
  13. IKnowMoreThanYou

    8 years ago

    The biggest thing about Tanaka is his elbow. He already has a KNOWN partially torn ligament that at some point will give, so it is a ticking time bomb. How do you not mention that? That may be the most important fact about him going into FA if he opts out. Who is going to want to give him a monster contract knowing there is a high likelihood at some point during that contract you are going to lose him for at least a year due to TJ surgery.

    1
    Reply
  14. swartnp7

    8 years ago

    Pineda to Pirates and Searage. Bank on it.

    1
    Reply
    • 66TheNumberOfTheBest

      8 years ago

      Let’s do it. Pineda is the only guy on this list you’d touch with the proverbial ten foot pole.

      Hellickson you’d use a ten foot “grabber” to reach for him in the dollar bin, maybe.

      The rest of the them? No way. $200 million for Juice is comical.

      Reply
    • RonDarlingShouldntBeInTheHallOfFame

      8 years ago

      If the Padres don’t grab him first I have a feeling it’ll be one or the other though, and either way would be a solid move for him on a one year deal to improve his stock.

      Reply
  15. RonDarlingShouldntBeInTheHallOfFame

    8 years ago

    Pineda and Estrada to the Padres next year. Balsley will have them in tip top shape by the trade deadline when a couple of our minor league kids will be ready to come up and take over.

    Perdomo
    Lamet
    Chacin
    Pineda
    Estrada

    I’d take that going into next year in a heartbeat.

    Reply
    • LADreamin

      8 years ago

      You don’t want Chacin in your hypothetical starting rotation, you can do better.

      1
      Reply
      • RonDarlingShouldntBeInTheHallOfFame

        8 years ago

        He’s pitched extremely well this year minus 3 starts..one of which was opening day when he gave up around 10 runs. Check out his last 15 starts. I’d welcome him back for one more year…then the kids will be starting to come up.

        Reply
    • Jbigz12

      8 years ago

      Pineda won’t pitch next year so let me know how that works out for you.

      Reply
  16. Solaris611

    8 years ago

    Someone will overpay Tillman despite his titanic struggles this year, though he won’t get close to top dollar. Aside from Tanaka – and that’s a bit of a stretch given his tenuous elbow ligament that can snap at any moment, the only safe candidate on this list would be Marco Estrada but only as a back of the rotation guy on MAYBE a 2-yr contract.

    Reply
    • RonDarlingShouldntBeInTheHallOfFame

      8 years ago

      Someone like the Padres (I hope) or Pirates would be perfect for him on a one to two year deal.

      Reply
      • RonDarlingShouldntBeInTheHallOfFame

        8 years ago

        Estrada I mean.

        Reply
  17. willi

    8 years ago

    80 % of those Guys are Bums and will be out of Majors in Two Years

    Reply
  18. Whos123

    8 years ago

    Andrew Cashner is a ground ball pitcher now. The low strikeouts shouldn’t be much of a concern. He’s using his sinker perfectly and has been working on his slider. He’s practically become the ace of the rangers. Why would he try to strike people out if it didn’t work for him last year?

    Reply
  19. AndThisGameBelongsToMySanDiegoPadres

    8 years ago

    As a Padres fan, I saw what a couple other commenters on here are seeing with Cashner. He does best when he is inducing ground balls and not overthrowing. There are other ways to succeed as a pitcher besides striking everyone out. I’d like to see him and Rene Rivera land on the same team next year. They worked very well together in 2013-14.

    Reply
  20. Logjammer D"Baggagecling

    8 years ago

    No pitcher should get 7 year contracts. They all turn into Kevin Brown and Mike Hampton. Every pitcher to ever get a huge deal gets hurt or doesn’t even finish the contract. C.C Sabathia is the most recent debacle. Stephen Strasburg is always hurt. Max Scherzer will be no different in 2 and a half years. They should get a max of 4 years with options and incentives.

    Reply
  21. justacubsfan

    8 years ago

    Gotta think they’re wrong about Arietta. I would give him minimum Lester money at this point. Consider the following: Jeff samardjzia makes 18mil/yr, I’m suggesting Arietta get min 26mil/yr for 6 years. arietta resume (CY, 4 years of 150+ IP pending rest of year, he was best pitcher on planet for 1 year end of 2015-half of 2016.) his Velocity could always trend upwards (See Max Scherzer before/after FA) he also has less innings on arm compared to a guy his age. I think he has been in best shape of life and could age well. You pay him a frontloaded contract and I think it’s a minimum 156 mil over 6 years. This is all pending rest of year play, but the last two months he’s been awesome. Definitely trending upward at the least.

    1
    Reply

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