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Cubs, Tom Pannone Agree To Minor League Contract

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The Cubs are in agreement with left-hander Thomas Pannone on a minor league deal, reports Jon Heyman of the New York Post (on X). He’ll be in major league camp as a non-roster invitee. Pannone would be paid at an $800K rate for any time on the MLB team.

Pannone returns from South Korea, where he spent a half-season with the Kia Tigers. The 29-year-old also played part of the 2022 campaign with the Tigers before returning to the affiliated ranks last offseason. He reached the majors for one game with the Brewers, working 2 2/3 innings of relief. Milwaukee granted him his release in July so he could re-sign with the Tigers.

Over 16 appearances in Korea, he worked to a 4.26 ERA across 82 1/3 frames. Pannone had a modest 18.8% strikeout rate while walking 6.6% of batters faced. It marked a step down from his KBO performance in 2022, when he’d posted a 2.72 ERA over a near-identical workload.

Before this year’s cup of coffee in Milwaukee, Pannone’s big league experience was with the Blue Jays between 2018-19. He pitched in a swing capacity for Toronto, allowing 5.43 earned runs per nine over 49 appearances (13 of which were starts). Pannone has compiled a 5.10 ERA with a 21.4% strikeout percentage in 305 career Triple-A frames. He’s out of options, so if he cracks Chicago’s MLB roster at any point, he’d need to remain in the majors or be designated for assignment.

Rays, Garrett Acton Agree To Two-Year Minor League Deal

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The Rays are in agreement with right-handed reliever Garrett Acton on a two-year minor league contract, reports Jon Heyman of the New York Post (X link). It’s a split deal that would pay him at the MLB minimum rate of $740K next season and a $775K salary in 2025 for any time he spends in the big leagues.

Acton, 25, made his major league debut last season. The Illinois product pitched in six games, allowing eight runs in 5 2/3 innings. While his small sample results were rough, Acton averaged nearly 96 MPH on his fastball in that time. Over 29 Triple-A innings, he had an impressive 26.4% strikeout percentage and a decent 8.8% walk rate. Acton has posted big strikeout tallies throughout his time in the minors, although the fly-ball specialist has also had trouble keeping the ball in the yard.

Oakland released Acton in the middle of July. He had been placed on the minor league injured list with an undisclosed health issue on June 11. Marc Topkin of the Tampa Bay Times tweets that Acton had undergone Tommy John surgery. He’s likely to miss most of next season, explaining the two-year term on the deal.

Acton has less than one year of MLB service and a pair of option years. If the Rays add him to the 40-man roster at any point within the next two seasons, they could easily move him between Tampa Bay and Triple-A Durham.

Julio Rodríguez Tops 2023 Pre-Arb Bonus Pool

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Mariners center fielder Julio Rodríguez will receive $1,865,349 from the $50MM bonus pool for pre-arbitration players, the highest of the 2023 recipients, per a report from Ronald Blum of the Associated Press. The AP later released a full list of bonus recipients.

A notable new element of the current collective bargaining agreement is that $50MM is to be taken from central revenues annually and distributed to players that have not yet qualified for arbitration. Certain portions of the money are to be based on awards voting:

  • Rookie of the Year: $750K for first place, $500K for second place
  • MVP and Cy Young: $2.5MM for first place, $1.75MM for second place, $1.5MM for third place, $1MM for fourth or fifth place
  • All-MLB: $1MM for being named “First Team,” $500K for being named “Second Team”

As Blum highlights today, a player is eligible to receive the bonus for one of those achievements per year, earning only the highest amount. Rodríguez finished fourth in American League MVP voting, meaning he got $1MM for that, which accounted for the majority of his payout. After the bonuses, the remainder of the pool is divided on a percentage basis among the top 100 players based on the joint MLB/MLBPA-created version of WAR.

Players are still eligible even if they have signed extensions, as long as they would have been pre-arb without signing such a deal. Rodríguez and the Mariners signed a convoluted extension towards the end of his rookie season in 2022 but he’s only at two years of service time now. Since he would have been pre-arb without that extension, he was able to top this year’s pool.

The following 10 players got more than $1MM:

Last year, Dylan Cease got the biggest slice of the 2022 pie, taking home $2,457,426.

Orioles Acquire Jonathan Heasley From Royals

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The Orioles have acquired right-hander Jonathan Heasley from the Royals in exchange for minor league right-hander Cesar Espinal, per announcements from both clubs. This appears to be the corresponding move for right-hander Michael Wacha, whose deal with the Royals was officially announced by that club earlier today. Jeff Passan of ESPN relayed the deal prior to the official announcements. Baltimore’s 40-man count is now at 38.

Heasley, 27 in January, was a 13th-round pick of the Royals in 2018 but seemed to increase his stock with a strong 2021 campaign. That year, he tossed 105 1/3 innings in Double-A with a 3.33 earned run average, striking out 27.7% of batters faced while issuing walks at just a 7.9% clip. He was added to the Kansas City roster in mid-September and went into 2022 with a bit of helium. FanGraphs and Baseball America each ranked him the club’s #13 prospect for 2022.

He hasn’t found much success since then, however, serving as a frequently-optioned depth arm. In his 133 2/3 major league innings to this point, he has a 5.45 ERA and 14.5% strikeout rate. In 134 Triple-A innings over the past two years, he has a 6.11 ERA, though his 22.6% strikeout rate at that level is more encouraging. He still has an option so the O’s can continue to develop him without having to give Heasley a spot on the active roster. He has worked both as a starter and reliever in recent years, though it’s unclear if the O’s have a particular role in mind for him.

Espinal, 18, is not a prospect of note as of right now. He has 53 2/3 innings of minor league experience thus far, pitching in the Dominican Summer League in the past two years. He has a 4.02 ERA in that time, along with a 21.9% strikeout rate and 11% walk rate.

Pirates, Martín Pérez Agree To One-Year Deal

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The Pirates and left-hander Martín Pérez are in agreement on a contract, pending a physical, per a report from Robert Murray of FanSided. It will be a one-year, $8MM deal, per Jason Mackey of the Pittsburgh Post-Gazette.

Pérez, 33 in April, had a career year in 2022 but couldn’t keep it going into the following campaign. Last year, he made 32 starts for the Rangers and logged 196 1/3 innings with a 2.89 earned run average. His 20.6% strikeout rate was a bit below league average but his 8.4% walk rate was solid and his 51.4% ground ball rate was strong. He was also quite good at missing barrels and limiting hard contact that year.

He likely benefitted from a high strand rate of 77% and a low 6.5% rate of fly balls leaving the yard, which is why his 3.27 FIP and 4.08 SIERA were a bit less impressive. But it was a strong season nonetheless, with his 4.0 wins above replacement from FanGraphs and 5.0 from Baseball Reference both career highs by wide margins. The Rangers had enough faith in that performance to issue Pérez a $19.65MM qualifying offer, which he accepted.

Unfortunately, the regression gods came for him in 2023, with Pérez struggling enough to get moved to the bullpen in August after the Rangers acquired Max Scherzer and Jordan Montgomery at the trade deadline. At that point, Pérez had an ERA of 4.98, with his strikeout rate having dropped to 14.4% and his grounder rate down to 41%. He pitched reasonably well out of the bullpen over the final two months of the season, eventually dropping his ERA to 4.45, but it was obviously not the season the Rangers envisioned at that price point.

The Pirates will be paying him less than half of what he made last year and likely won’t be expecting anything like that 2022 campaign, as it stands out as a clear outlier. But even if they get the solid back-end guy that Pérez has been for the rest of his career, that will be an upgrade for their rotation. From 2012 to 2021, Pérez threw 1,102 2/3 innings with a 4.71 ERA. He didn’t get many strikeouts but limited his walks to around league average and got grounders on almost half of balls in play.

The Pittsburgh starting rotation had an ERA of 4.88 in 2023 as the stability was quite low. Mitch Keller and Johan Oviedo each made 32 starts, but Oviedo won’t be an option for 2024 due to Tommy John surgery. Rich Hill made 22 starts for the club but then went to the Padres at the deadline and is now a free agent. 12 other hurlers made at least one start for the Bucs for the year.

The club later added Marco Gonzales from Atlanta, who had just acquired him from Seattle as salary ballast in the Jarred Kelenic trade. Between Gonzales and Pérez, the club has added a couple of soft-tossing veteran lefties to hopefully eat some innings and stabilize the situation while perhaps turning into trade chips by the deadline, as was the case with Hill this year and José Quintana the year prior. Those two vets and Keller should take three rotation spots, leaving a couple of roles available for less-proven guys like Bailey Falter, Luis Ortiz, Roansy Contreras, Quinn Priester, Jackson Wolf or Kyle Nicolas, with this year’s first overall pick Paul Skenes perhaps not too far off.

This deal brings Pittsburgh’s payroll up to $66MM, per Roster Resource. General manager Ben Cherington has previously indicated that next year’s payroll could be an increase over their $73MM figure from Opening Day 2023.

Royals Sign Michael Wacha

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December 18: The Royals have now officially announced the deal.

December 15: The Royals’ active offseason is continuing, as Kansas City has agreed to terms with free agent righty Michael Wacha, per a report from Robert Murray of FanSided. It’s a two-year, $32MM contract, ESPN’s Jeff Passan adds. The second season is a player option, so Wacha will have the opportunity to opt back into free agency next winter. The contract pays the CAA client an even $16MM in each season, per USA Today’s Bob Nightengale, and Anne Rogers of MLB.com tweets that Wacha can earn an additional $500K via incentives in each season of the deal.

It’s the second notable free-agent pickup of the day for the Royals, who also agreed to a two-year $13MM deal with Hunter Renfroe earlier this morning. Kansas City has also added righty Seth Lugo on a three-year, $45MM pact that contains an opt-out after the second season. Wacha and Lugo, who were teammates with the Padres in 2023, will join a Royals rotation that includes Cole Ragans, Brady Singer and Jordan Lyles. Depth options include Daniel Lynch, Kris Bubic (recovering from Tommy John surgery), Max Castillo, Alec Marsh and Jonathan Heasley, among others.

Wacha’s two-year, $32MM deal matches the exact terms of a two-year club option that the Padres declined earlier this offseason. The inclusion of an opt-out provision and some modest incentives makes this a stronger deal for the righty, however. Kansas City will be Wacha’s sixth team in six years, as his trips to free agency have routinely resulted in either a one-year pact (Mets, Rays, Red Sox) or a multi-year deal with options and/or opt-out opportunities (Padres).

Over the past two seasons, between the Red Sox and Padres, Wacha has posted a combined 3.27 ERA with a 21.3% strikeout rate, 6.9% walk rate and 37.7% ground-ball rate. Despite being more of a fly-ball pitcher, he’s allowed a manageable 1.14 homers per nine frames. Pitching his home games at the spacious Kauffman Stadium should help him continue to avoid the long ball at an acceptable rate despite his pronounced fly-ball tendencies.

In those two seasons, Wacha has changed up his pitch selection, reducing his reliance on a four-seamer while increasing the usage rates on his sinker and changeup. He threw both pitches at a career-high rate in 2022 and then set a new career-high in usage again in 2023. While the more frequent sinker usage hasn’t shown up in Wacha’s ground-ball rates, he’s posted improved batted-ball metrics; last year’s 88.1 mph average exit velocity and 35.4% hard-hit rate were both lower than the league averages of 89 mph and 39.2%, respectively. That’s helped Wacha to offset his slightly below-average strikeout rate.

The number of innings that the Royals can expect from Wacha is perhaps the biggest question mark surrounding him. Wacha has been placed on the injured list nine times in his big league career, with five of those IL placements stemming from shoulder troubles (including a six-week absence in the 2023 season). Wacha has also had IL stints for oblique, hamstring, knee and intercostal strains. While the shoulder is an obvious concern, Wacha did manage a solid 3.88 ERA in 48 2/3 innings after returning from this past season’s shoulder issue. He closed out the year with a pair of particularly impressive outings, tossing consecutive seven-inning gems (two total runs allowed on nine hits and two walks with 13 strikeouts).

With Wacha, Renfroe, Lugo, Will Smith, Chris Stratton and Garrett Hampson all signing major league deals in Kansas City this month, the Royals have committed $105MM in total free-agent dollars in a span of just over two weeks. It’s unlikely all of those dollars will end up being paid out, as each of Wacha, Renfroe, Stratton and Lugo received player options/opt-outs within their respective contracts. Still, it’s a hefty slate of investments by Kansas City’s standards — one that’s added an additional $47MM in payroll to the team’s 2024 roster (a net $45.75MM, when factoring in that Taylor Clarke and his $1.25MM salary were traded to the Brewers to make roster space for Lugo).

The relatively heavy investment in free-agent arms represents something of an acknowledgement from the Kansas City front office that its previous efforts to rebuild a homegrown rotation with a heavy focus on college arms in the draft simply hasn’t panned out. Singer, Lynch, Bubic, Marsh, Jackson Kowar and Asa Lacy were at one point focal components of the Royals’ hopes for the future, but only Singer remains locked into the rotation but is in need of a bounceback campaign after he was unable to carry his 2022 breakout into the 2023 season. Kowar was traded to the Braves for injured starter Kyle Wright (who’ll miss all of 2024). Lacy has yet to reach the Majors. Lynch and Marsh haven’t established themselves. Bubic showed some promise before tearing his left ulnar collateral ligament and undergoing Tommy John surgery.

Kansas City’s new-look rotation should represent a massive improvement over last year’s group, which pitched to a combined 5.12 ERA, ranking 27th in the big leagues. Gone from that mix are Brad Keller, Ryan Yarbrough and (at least for now) Zack Greinke. Other key names in 2023, Lynch most prominently, have been pushed down the depth chart. It’s not yet clear what lies ahead for the Royals and Greinke. The future Hall of Famer spent the past two seasons back with his original organization and at least ostensibly seemed poised to close out his career there. It’s possible the two parties still come to terms on another one-year pact, as Greinke is preparing to pitch in 2024, but that would likely push Lyles to the bullpen (or perhaps prompt the Royals to explore a potential trade of the veteran innings eater).

Orioles, Maryland Approve New Lease Agreement

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The Orioles and the state of Maryland have approved a new lease agreement, as reported by multiple outlets and announced by the O’s. “The Baltimore Orioles have agreed to a partnership with the State of Maryland, Governor Wes Moore, and the Maryland Stadium Authority that will keep the Orioles at Camden Yards for thirty years,” the statement begins. It goes on to feature comments from John Angelos, chair and managing partner of the club, as well as Maryland Governor Wes Moore and others. Danielle Allentuck of the Baltimore Banner relayed the full press release for those interested.

Though the club announced they are staying at Camden for 30 years, they are currently only committed for 15, with Pamela Wood of the Baltimore Banner and Rich Dubroff of Baltimore Baseball relaying some of the details. If the club and the state can agree to a development plan for the surrounding area in the next four years, then the lease can be expanded from 15 to 30 years.

The new deal comes just in the nick of time, as the previous lease was set to expire at the end of the year. Back in February, the O’s had a chance to extend the lease for another five years but decided not to do so. The hope was that they could work out a longer deal that would allow them to take advantage of a new Maryland law and borrow $600MM for stadium upgrades. In August, it was reported that Angelos was trying to leverage the stadium negotiations into acquiring public land. He reportedly envisioned developing a mixed-use area with commercial and retail spaces, emulating to The Battery and Truist Park where the Braves play in Georgia.

In September, Angelos and Gov. Moore announced a new 30-year lease between the club and the state, though this was actually misleading. Reporting from the next day revealed that they had merely signed a memorandum of understanding, which was legally non-binding. The talks seemed to hit a speed bump when it was reported that private equity mogel David Rubenstein was in talks to acquire the club, causing State senator Bill Ferguson to express some concern with the agreement. This new deal will keep the club in Baltimore while kicking those development negotiations down the road for another four years. The new agreement was reported on Friday and approved today by the Maryland Stadium Authority and then by the Board of Public Works.

The Orioles have until December 31 of 2027 to win approval for a ground lease and development plan for an area that is believed to include the B&O Warehouse, the vacant Camden Station building and an adjacent parking area between the Warehouse and train tracks. If they don’t get those approved, they can continue with the 30-year agreement or switch to a 15-year pact. The 30-year pact also has four extensions of five years available, meaning the club could potentially stay for 50 years as part of this deal. If the ground lease and development plan are approved, it’s possible to change the terms of the 30-year agreement. The O’s and the stadium authority can now start accessing the $600MM in taxpayer-financed bonds that state lawmakers have authorized for major upgrades to the stadium.

Many details of the full agreement have not been publicly revealed and more will surely come out over time.

Giants Claim Devin Sweet From Athletics

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The Giants have claimed right-hander Devin Sweet off waivers from the Athletics, per Grant Brisbee of The Athletic.

Sweet, 27, was an undrafted free agent but continued to raise his stock in the minors with good results, largely based on the success of his changeup. In 2023, he started at Double-A in the Mariners’ system and got selected to the big league roster in mid-July. At that point, he had a 1.54 earned run average in 35 innings over 27 appearances. He struck out 34.6% of opponents while walking just 5.9% of them, getting onto the back end of top 30 prospects lists at both Baseball America and FanGraphs.

His first bits of experience at the major league level didn’t go well. He tossed two innings for the Mariners and then 6 2/3 for the A’s after a waiver claim. He allowed a combined 10 earned runs in that time, meaning his career ERA is currently 10.38, though in an obviously tiny sample.

The A’s agreed to a deal with Trevor Gott last week and needed to open a roster spot for him. It appears they tried to pass Sweet through waivers but the Giants swooped in to make an interception, using one of their three roster spots, with this move taking their 40-man count to 38.

Sweet still has a couple of options, so he won’t be guaranteed an active roster spot in San Francisco. He can provide his new club with some roster flexibility as a depth add for their bullpen. He has just 47 days of major league service time, meaning he can be a long-term piece for the Giants as long as he continues to justify his spot on the 40-man.

Diamondbacks Claim Collin Snider

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The D-backs announced Monday that they’ve claimed right-hander Collin Snider off waivers from the Royals, who designated him for assignment last week. Arizona’s 40-man roster is now at capacity.

The 28-year-old Snider has seen action in the Majors in each of the past two seasons with the Royals, totaling 54 2/3 innings in that time. He’s struggled with a 5.93 ERA, 13.4% strikeout rate and 11.4% walk rate in that time. Snider, however, averages 95.7 mph on his sinker and has piled up grounders at a 51.9% clip in his young MLB career. He has a minor league option remaining as well, so the D-backs can shuttle him between Phoenix and Triple-A Reno in 2024 — if he lasts on the 40-man roster long enough to make it into the season, of course.

Snider walked more batters than he struck out in 20 1/3 MLB frames with K.C. this past season, but he also excelled in minimizing hard contact. The right-hander yielded a dismal 86.6 mph average exit velocity, and his 28.2% opponents’ hard-hit rate is nothing shy of excellent. It’s all small-sample theater, given Snider’s relative lack of MLB experience, but the Snakes surely don’t mind adding an optionable righty with some MLB experience and a power sinker to their stash of bullpen options for the upcoming 2024 campaign.

Mets Acquire Yohan Ramirez

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The Mets announced Monday that they’ve acquired right-hander Yohan Ramirez from the White Sox in exchange for cash. Ramirez was designated for assignment by the ChiSox last week.

Ramirez appeared in just five games for the White Sox, who acquired him from the Pirates via an early-September waiver claim. He yielded four runs in four innings with the South Siders but had pitched to a solid 3.67 ERA with a 20% strikeout rate and 9% walk rate in 34 1/3 innings.

Now 28 years old, Ramirez made his big league debut with the Mariners in 2020 and has appeared in every MLB season since. He’s totaled 124 innings of 3.99 ERA ball as a big leaguer, striking out 23.2% of his opponents against a 12.5% walk rate that’s well north of the league average. Ramirez was a fly-ball pitcher early in his career but switched from a four-seamer to a two-seamer in 2022 and has since been a pronounced ground-ball arm (54.1%).

Scouting reports on Ramirez from his prospect days praised his stuff across the board but noted that he lacked command. That’s played out through much of his big league tenure to date, but the pieces for a quality reliever are clearly present. He’s out of minor league options, so the Mets will have to either carry Ramirez on the Opening Day roster or else trade him, release him or attempt to pass him through outright waivers prior to the end of spring training.

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