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Latest On Michael Lorenzen’s Market

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With Opening Day less than two weeks off, Michael Lorenzen stands as arguably the #3 starting pitcher on the free agent market. The White Sox and Yankees have reportedly shown recent interest in the 32-year-old righty, but he evidently has yet to find a deal to his liking.

Jon Heyman of the New York Post reports that Lorenzen has declined contract offers in the $5-7MM range. It’s not clear which teams made those proposals or how recently Lorenzen’s camp passed. The Athletic’s Ken Rosenthal reported last week that the 6’3″ hurler had been holding out for a two-year pact.

It’s therefore not surprising that Lorenzen turned down what were presumably one-year offers at fairly modest salaries. He’s coming off his first All-Star nod and tallied a career-high 153 innings between the Tigers and Phillies last season. He looked on his way to a strong multi-year pact by the middle of August. After no-hitting the Nationals on August 9, he carried a 3.23 ERA in 20 starts. Lorenzen was never likely to maintain that kind of run prevention unless he improved upon a modest 19.4% strikeout rate, but few would have anticipated how badly his final six weeks would go.

Lorenzen allowed 30 runs (27 earned) in his final 30 1/3 frames. His already modest strikeout percentage dropped another seven points, while his previously strong walk rate jumped to 10.3%. The Phillies moved him to relief at the end of the regular season and didn’t lean heavily on him during the playoffs. That poor finish has seemingly led to a disconnect between how teams project Lorenzen and the kind of contract he expected to command heading into the winter.

Despite the rough conclusion, Lorenzen’s season ERA sat at a respectable 4.18 in 29 outings. His camp presumably viewed recent two-year guarantees inked by the likes of Ross Stripling ($25MM), Drew Smyly ($19MM), Jordan Lyles ($17MM) and KBO returnee Erick Fedde ($15MM) as comparison points. Innings eaters Kyle Gibson ($13MM) and Lance Lynn ($11MM) signed one-year pacts early this offseason that pushed past eight figures.

The offers which Lorenzen declined value him below those other pitchers. As shown on MLBTR’s Contract Tracker, five starting pitchers have signed one-year guarantees between $3MM and $9MM this offseason. Each of Wade Miley, Alex Wood, Martín Pérez, James Paxton and Jakob Junis landed in the $7MM – $8.5MM range.

Lorenzen himself has fallen in that category in each of his previous two free agent trips. He signed for $6.75MM with the Angels over the 2021-22 offseason. Last year, he inked an $8.5MM deal with the Tigers. Lorenzen has sought to move past that tier on the heels of a stronger platform season than the ones that preceded his last two free agent stints. It’s not known if that might’ve been achievable earlier in the offseason, but it seems he’s facing a tight market as many teams are at or near the payroll with which they’re willing to open the season.

Braves Release Jordan Luplow

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The Braves announced they’ve released veteran outfielder Jordan Luplow to pursue other opportunities. He’d been in camp as a non-roster player after signing a minor league pact in January.

Luplow is a right-handed hitting outfielder who’d been competing for a bench job in camp. Atlanta signed Adam Duvall to a $3MM pact this afternoon to play that role instead. Carrying both Duvall and Luplow would have been a bit redundant, so the Braves decided to let the latter get an early jump on his next opportunity.

The Duvall signing wasn’t a reflection of Luplow underperforming in camp. To the contrary, the well-traveled outfielder has posted impressive numbers this spring. He was off to a .280/.379/.560 start through 29 plate appearances. Luplow had collected two homers and a double among his seven hits. He walked four times against only five strikeouts. Yet the organization has a long history with Duvall, who lingered in free agency deep into the offseason despite hitting 21 homers with a .247/.303/.531 slash for the Red Sox a year ago. Adding him to the bench at such a modest price tag was something the front office didn’t want to pass up.

Luplow shouldn’t have any issue finding another minor league opportunity elsewhere. He has tallied more than 1000 trips to the plate over the past seven seasons between six teams. Luplow got into 39 MLB contests a year ago, hitting .208/.322/.325 between the Blue Jays and Twins.

While he has posted below-average numbers over the past two seasons, Luplow has a decent track record in favorable platoon situations. He has popped 33 home runs in 565 career plate appearances against left-handed pitching. Luplow has reached base at a .338 clip with a very strong .495 slugging mark versus southpaws. He hasn’t had anywhere near the same level of success against righty pitching, posting a .197/.287/.343 slash when matched with same-handed hurlers.

Offseason In Review: Cincinnati Reds

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The Reds almost made the playoffs last year as they promoted several exciting prospects and seemed to firmly end their rebuilding period. They added to that foundation this offseason by spreading money around to several free agents.

Major League Signings

2024 spending: $61.75MM
Total spending: $111.75MM

Option Decisions

Trades And Claims

Notable Minor League Signings

Extensions

Notable Losses

Though the Reds came up just shy of a postseason berth in 2023, it was still an encouraging campaign. Exciting prospects like Elly De La Cruz, Matt McLain, Christian Encarnacion-Strand, Andrew Abbott and Noelvi Marté all debuted, adding to a roster of young talent that already included TJ Friedl, Spencer Steer, Will Benson, Jonathan India, Tyler Stephenson, Hunter Greene, Nick Lodolo and others.

It was a turning point moment for the franchise in another way as well. In addition to that infusion of young talent, 2023 was the final guaranteed year of Joey Votto’s long-running contract. Signed way back in 2012, he had many excellent seasons for the Reds. But as is so often the case with lengthy contracts, the final years weren’t especially pleasant. Votto missed time in each of the past two years thanks to shoulder surgery. He could have been retained via a club option but the Reds understandably wanted to give more playing time to younger players.

It’s a bittersweet pivot for the club, as Votto is a franchise legend and was one of the few reasons to watch during some challenging years. But he was making $25MM annually in the final years of his contract, a sizeable chunk of change for a club that doesn’t generally run high payrolls. He lingered in free agency for a while but recently signed with the Blue Jays on a minor league deal which comes with a modest $2MM base salary if he makes the club.

With Votto’s contract off the books, the Reds were able to have one of their busiest offseasons in recent memory. Their huge supply of position players seemed to not only squeeze out Votto, but also led to plenty of speculation about a trade. Since the club had an on-paper infield of Marté, De La Cruz, McLain and Encarnacion-Strand, it seemed that Steer was going to be pushed to the outfield and India onto the trading block.

Despite persistent rumors, the club was consistent in maintaining that India wasn’t going anywhere. The 2021 National League Rookie of the Year is coming off two injury-marred campaigns but the Reds seemed to believe in a bounceback and also to value his clubhouse presence. Not only was he not traded, he got a two-year deal to avoid arbitration, locking in a salary for 2025.

The club not making a trade was one surprise, but it was even more surprising when they added another infielder. They signed Jeimer Candelario to a three-year, $45MM deal with a club option for 2027. His presence further crowded the infield picture, but the Reds don’t have a strict DH, so they could use that spot to rotate their many infielders through. Candelario also gave them a bit of insurance if any of their young infielders suffered an injury or a sophomore slump and needed to return to the minors for a spell.

In hindsight, it now looks wise that they added to their infield, as Marté was recently hit with an 80-game suspension for a positive PED test. As he will sit out the first half of the season, the infield suddenly looks far less crowded. Candelario can play both corner spots but will now likely replace Marté as the regular third baseman.

Elsewhere in the position player mix, the club was facing a slight catching shortage. Last year, they had three backstops, with Luke Maile and Curt Casali in the mix. That allowed Tyler Stephenson to serve as the designated hitter and occasionally play first base. He had a bit of a down year but at least the smaller workload behind the plate kept him off the injured list. Each of Maile and Casili became free agents but the Reds re-signed Maile. Since Casali signed elsewhere, it seems they will pivot to a more traditional two-catcher setup this year.

But the main target of the offseason was pitching. The pitchers on the 2023 club were fairly inexperienced and they also dealt with a number of injuries. The pitching staff as a whole had a 4.83 earned run average last year, better than just five other clubs in the majors. The rotation was even worse, with the Cincy starters posting a 5.43 ERA, better than just the Athletics and Rockies.

They could have expected some improvement just with their incumbent options. Each of Greene, Lodolo and Graham Ashcraft spent time on the injured list last year, while Abbott was only able to log 109 1/3 innings due to his midseason promotion. But the club wasn’t content to rely solely on improvements from that group and went on to cast a wide net this winter in looking for upgrades. Their interest extended to notable free agents and trade targets, including Sonny Gray, Tyler Glasnow, Dylan Cease, Shane Bieber, Yariel Rodríguez and Wade Miley.

They didn’t seem to find much traction in those pursuits. The talks with the White Sox about Cease stalled when the Sox seemingly asked for four or five notable prospects, a price that the Reds were understandably unwilling to pay.

Instead, their big rotation addition came from free agency. The club took a bounceback flier on Frankie Montas, who has been battling shoulder issues for quite some time. He missed some time late in 2022 due to his shoulder and was shaky when on the mound, then required surgery going into 2023 which wiped out most of that season.

There’s certainly risk in giving $16MM to a pitcher with those health concerns, but it’s only for one year and will be a bargain if Montas can get back to his previous self. He made 32 starts with the A’s in 2021 with a 3.37 ERA, 26.6% strikeout rate, 7.3% walk rate and 42.8% ground ball rate.

The club also bolstered their staff by signing swingman Nick Martínez, who will likely be in the rotation but could eventually end up in the bullpen depending on how things play out. He has worked both roles with the Padres over the past two years, giving Cincy some flexibility to assess the health and performance of Greene, Abbott, Lodolo, Ashcraft and others.

In case Martinez is needed in the rotation, the club also reinforced their bullpen in other ways. They took a gamble on Emilio Pagán, signing him to a two-year deal. He’s coming off a strong season, having posted a 2.99 ERA with the Twins in 2023. But he’s a flyball pitcher who saw his home run to flyball rate drop to 5.3% on the season. The previous three seasons saw that rate fall in the 13-19% range as his ERA finished between 4.43 and 4.83 in those years. Cincinnati’s Great American Ball Park was the most homer-friendly venue in the league last year, per Statcast, so the move is a bit eyebrow-raising.

On the other hand, their signing of Brent Suter looks like a steal. He has kept his ERA under 4.00 in five straight seasons, generally doing a great job limiting hard contact. That continued in 2023 even though he moved to the hitter’s haven of Coors Field. He likely could have secured a contract larger than one year and $3MM if he looked to maximize his guarantee, but he grew up in Cincinnati and went to high school there, perhaps leading him to take a bit of a discount to play for his hometown team. Buck Farmer was also brought back to Cincy on a modest deal.

All told, the club boosted the floor in a lot of different areas. They added a couple of starters to the rotation, a few relievers to the bullpen and even added to the already-strong position player mix. Perhaps the recent news about Marté will lead them to dip back into free agency, as there are still players out there.

The club was previously connected to Michael A. Taylor, who remains unsigned. He can provide elite defense and his right-handed bat would pair well with lefty-swinging outfielders like Friedl, Jake Fraley and Will Benson. Steer and India are both right-handed and in the mix for outfield playing time but the Marté suspension might open up some infield playing time for them, perhaps making the fit for someone like Taylor more viable.

Regardless of how that plays out, the roster looks strong going into 2024. They were carried by their lineup last year and almost made the playoffs, despite dismal results from their pitching staff. Even a slight correction could be enough to make them a legit playoff club, but they also increased their chances by signing Montas, Martínez, Pagán, Suter and Farmer. Internal improvements from Greene, Lodolo, Abbott, Ashcraft and others would only help matters.

The National League Central is fairly wide open, with no clear favorite. The Reds clearly sensed they have a chance this year and are trying to take advantage. They didn’t make any blockbuster moves but strengthened the roster in several other ways.

Ángel Felipe To Undergo Tommy John Surgery

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Athletics right-hander Ángel Felipe will undergo Tommy John surgery tomorrow, with Jessica Kleinschmidt among those to relay the news. The righty will miss all of the the 2024 season and likely part of 2025 as well.

Felipe, 26, made his major league debut with the A’s last year. Claimed off waivers from the Padres in June, he went on to toss 15 innings over 14 appearances out of the Oakland bullpen in the latter parts of the 2023 campaign. He had a 4.20 earned run average in that time, striking out 29.7% of batters faced and keeping 53.3% of balls in play on the ground, but he showed a lack of control with his 20.3% walk rate.

That’s generally been the recipe with Felipe throughout his minor league career, as he has racked up lots of strikeouts and ground balls but also given out lots of free passes. He tossed 154 1/3 innings in the minors over the past three years, punching out 30.3% of opponents and getting grounders on roughly half of batted balls, but walking 12.8% of batters faced.

The A’s are deep in a rebuild and are coming into 2024 with very little that is certain in their bullpen. Sean Newcomb, Trevor Gott and Scott Alexander are the only relievers on the roster with more than three years of service time. That leaves plenty of room for some young and inexperienced hurlers to step up and seize jobs, but Felipe won’t be able to take advantage of that situation now.

Instead, he will spend 2024 rehabbing and set his sights on a return to the mound in 2025. The A’s will likely transfer him to the 60-day injured list whenever they need a roster spot. If that comes to pass, he will spend the year there collecting major league pay and service time. The A’s could also designate him for assignment but injured players can’t be placed on outright waivers, meaning Felipe would have to be placed on release waivers. If they took that route and Felipe went unclaimed, they could try to re-sign him to a minor league deal, but he would be free to pursue opportunities with other clubs as well.

Offseason In Review: Houston Astros

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The Astros entered the offseason anticipating a few depth acquisitions. An injury to one of their anticipated setup relievers spurred them in another direction: a bold strike for one of the sport’s best late-game weapons.

Major League Signings

2024 spending: $25MM
Total spending: $107MM

Option Decisions

Trades and Claims

Notable Minor League Signings

Extensions

Notable Losses

The Astros very narrowly missed another trip to the World Series. They dropped two straight at home against the Rangers to lose a seven-game ALCS. Watching their in-state rivals secure the first championship in franchise history might add some fuel to the fire, but the Astros would’ve remained firmly in win-now mode no matter how things played in October.

That didn’t necessarily portend an active winter. Houston went into the offseason with a projected franchise-record payroll. They have one of the sport’s most complete rosters. They were set to lose a few contributors but no instrumental piece of the core. Michael Brantley (who eventually announced his retirement), Martín Maldonado and the relief trio of Héctor Neris, Phil Maton and Ryne Stanek were Houston’s only free agents of note.

As a result, general manager Dana Brown indicated early in the winter that the team didn’t expect to do anything drastic. He suggested their outside acquisitions were likely to be more of the depth variety, identifying backup catcher and middle relief as the target areas.

Before they could turn their attention fully to the roster, the Astros had to address the coaching staff. Dusty Baker stepped down at year’s end, concluding what’ll almost certainly be a Hall of Fame managerial career. Joe Espada, who had worked as bench coach under both A.J. Hinch and Baker, has long seemed to be a manager-in-waiting. The Astros tabbed Espada in mid-November, giving the 48-year-old his first managerial opportunity. Organizational stalwart Omar López moved up to bench coach.

Continuity was also a theme for much of the roster, although the Astros started the offseason with a few moves around the margins. During the Winter Meetings, they inked former Brewer Victor Caratini to a two-year, $12MM pact to serve as backup catcher. That marked the end of Maldonado’s run in Houston. The Astros declared before the winter that they’d turn the primary catching job to 25-year-old Yainer Díaz, who brings a lot more offensive upside than Maldonado offers. Given Maldonado’s stature in the clubhouse, it probably would have been tough to move him fully to a backup role in Houston. It made more sense to let him sign elsewhere — he eventually landed with the White Sox on a $4.25MM pact — and bring in a new #2 option.

Caratini wound up being Houston’s only MLB free agent position player pickup of the winter. It was their only major league signing at all well into January. That’s when the club revealed that Kendall Graveman required shoulder surgery that’d end his 2024 season before it got off the ground. Between Graveman’s injury and the aforementioned trio of free agent losses, the relief corps suddenly looked alarmingly thin behind the late-inning duo of Ryan Pressly and Bryan Abreu.

Brown initially played coy, saying the Graveman injury wouldn’t add any urgency to bring in relief help. Yet it clearly concerned both the front office and ownership, who signed off on a surprising strike at the top of the market. Within three days of announcing the Graveman news, the Astros inked Josh Hader to a five-year, $95MM pact. It’s the second-largest guarantee to a reliever in MLB history and the highest in terms of net present value after accounting for deferrals in Edwin Díaz’s $102MM deal with the Mets.

It was a completely out of character splurge for the organization. While owner Jim Crane has approved player payrolls in the upper third of the league, the organization has been averse to long-term free agent commitments. As shown on MLBTR’s Contract Tracker, the Hader deal was the first time the Astros stretched to five years on a free agent since Crane purchased the franchise in 2011. They’d only even gone to four years once before on the $52MM Josh Reddick pact. It was also the first time that Houston signed a player who had declined a qualifying offer.

Crane and Brown considered it worthwhile to deviate from typical procedure to add arguably the sport’s best reliever while the team’s path to a title remains clear. The five-time All-Star is coming off a 1.28 ERA showing while striking out almost 37% of batters faced for the Padres. Houston gave up their second-round pick and $500K in international signing bonus space to install him in the ninth inning. That bumps Pressly into setup work, where he’ll pair with Abreu in what should be an electric back of the bullpen.

Strong as that final trio is, the middle relief group does look like a relative weak point. The Hader signing meant the Astros eschewed a volume approach to addressing the middle innings. They claimed Oliver Ortega off waivers and took a flier on Dylan Coleman in a minor trade with the Royals. Beyond that, they’re counting on Rafael Montero to rebound from a poor season and hoping for steps forward from an internal option like Brandon Bielak or Seth Martinez. Brown acknowledged over the weekend the team is still looking to add middle relief help. That’d need to come via trade, waivers or potentially a minor league free agent pickup at this point.

As far as weaknesses go, middle relief is one of the easier problems to navigate. The Astros don’t have much concern throughout the rest of the roster. Caratini and first baseman Trey Cabbage, acquired from the Angels after a DFA, were the only position player pickups of the winter. Caratini and Díaz make for a strong catching tandem. José Abreu had a disappointing first year in Houston, but he perhaps found his power stroke in the final few weeks of the season. They’ll give him another shot at first base. Jose Altuve, Jeremy Peña and Alex Bregman round out an excellent infield.

Brantley’s departure puts a little more pressure on the in-house outfielders. Kyle Tucker should provide star production in right field. Chas McCormick has been an above-average regular and should get the bulk of playing time in left field. The Astros will turn center field to defensive stalwart Jake Meyers. McCormick can handle center on days when Yordan Alvarez trots out to left field. Mauricio Dubón remains on hand as a multi-positional option off the bench.

There wasn’t much turnover in the position player group. That could change next offseason, as Bregman is on track to hit free agency. That even led to speculation that the Astros could preemptively dangle him in trade talks this winter, although the organization quickly shot down that idea. Brown and Crane each said the team will make an extension offer to Bregman at some point, but that won’t be cheap. His camp could set out in search of a deal exceeding $200MM. The same is true for Tucker, who is controllable via arbitration through the 2025 season.

Like Bregman, Altuve had been on track to hit free agency at the end of the upcoming season. It was difficult to envision the franchise stalwart donning any other uniform. The Astros and his camp all but ensured that won’t happen. They locked in a five-year, $125MM extension covering the 2025-29 seasons. That runs through Altuve’s age-39 campaign, ensuring he’ll be the franchise second baseman through the end of this competitive cycle. Altuve’s defensive grades are declining, but he remains the sport’s best offensive second baseman. Keeping him in the leadoff spot maximizes their chances of staying atop the AL West in the middle third of the decade.

The extension discussion isn’t limited to the position player side. Framber Valdez is down to his final two seasons of arbitration control. He won’t hit free agency until age 32, so he doesn’t have the same earning power as Tucker or Bregman do. Yet he’s deep enough into arbitration that he’d surely cost more than the $64MM which Houston guaranteed Cristian Javier last spring. A Valdez deal would likely go into nine figures. He and the Astros haven’t found an agreeable price point yet. As with Bregman, this led to some early-offseason trade speculation that never seemed to get far.

For now, Valdez slots back in as Houston’s top starter. That might’ve been true even if Justin Verlander were healthy, but the latter will begin the season on the injured list as he cautiously builds up after experiencing shoulder soreness early in camp. Javier, José Urquidy and Hunter Brown will follow Valdez in the season-opening rotation. J.P. France will get the nod as the #5 starter so long as he’s fully recovered from a minor shoulder issue of his own. If France does need to miss time, Bielak, Ronel Blanco or prospect Spencer Arrighetti could find themselves in the mix.

It’s a thinner rotation than the ones which the Astros have rolled out in previous years. That could be a concern around the deadline, but Brown has stated a few times it’s not something they feel compelled to address before Opening Day. Verlander’s IL stay isn’t expected to be too long. Lance McCullers Jr. and Luis Garcia could each be back from arm surgeries in the middle of the season. The front office should have a clearer idea in the summer of the extent to which they can rely on McCullers and Garcia down the stretch.

The gap in the AL West isn’t as wide as it once was. The Rangers and Mariners both pushed last year’s division race into the final weekend of the regular season. Texas got the last laugh in October. Still, the Astros have taken the AL West crown in six of the last seven seasons (all aside from the shortened 2020 schedule). They’ve gotten as far as the ALCS every year since 2017. This probably won’t be the best Astro team of the last few years, but there’s certainly enough talent to put them in the conversation at the top of the American League yet again.

 

Mariners Outright Mauricio Llovera

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The Mariners announced that right-hander Mauricio Llovera has cleared waivers and been sent outright to Triple-A Tacoma. He has also been reassigned to minor league camp. It had not been previously reported that the righty was removed from the roster, so this will drop Seattle’s 40-man count to 39.

Llovera, 28 next month, has never appeared in a regular season game for the Mariners, having just been claimed off waivers from the Red Sox in January. He has 59 innings of major league experience under this belt with the Phillies, Giants and Red Sox over the past four years. He has a 5.80 ERA in that time, with a 20.6% strikeout rate, 10.1% walk rate and 44.6% ground ball rate.

He has been more impressive in Triple-A, posting a 2.82 ERA at that level in 92 2/3 innings over the past three years. He punched out 25.9% of opponents in that time and walked just 8.8%. Much of that sample was in the hitter-friendly Pacific Coast League, when Llovera was in the Giants’ system.

The M’s took a flier on him but things haven’t gone especially well since then. He’s allowed five earned runs in 4 2/3 innings this spring. His velocity was down a few ticks, per Ryan Divish of the Seattle Times, which may have contributed to his uninspiring performance of late.

Llovera is now out of options and needed to either have a spot on the active roster or else be removed from the 40-man entirely. The M’s are dealing with some injuries to relievers like Gregory Santos, Matt Brash and Jackson Kowar, which could have opened a role for Llovera. But it appears his recent struggles led them to put him on waivers instead, with the 29 other clubs passing on a chance to grab him.

Llovera has a previous career outright, which means that he has the ability to reject this assignment and elect free agency. It’s not yet clear if he has chosen to do so.

Yankees Interested In Michael Lorenzen

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The Yankees have “checked in” on free agent right-hander Michael Lorenzen, reports Jon Heyman of The New York Post. The righty’s market may be heating up with just two weeks to go until Opening Day, as he was also connected to the White Sox yesterday.

The Yankees were already in the market for starting pitching, having been connected to Blake Snell and Jordan Montgomery throughout the winter. Their need for rotation help only grew this week when ace Gerrit Cole was sidelined by an elbow issue. Cole and the Yankees are still gathering information but it seems like he will miss a month or two of the season even in a best-case scenario.

Whether Cole is ultimately destined for a brief or a lengthy absence, it’s a huge blow to the club’s rotation. Up until this issue popped up, he was the rocksteady leader of an otherwise shaky group. Carlos Rodón, Nestor Cortes and Marcus Stroman all battled injuries last year to varying extents.

Stroman was having a great year prior to his injury woes, as he had a 2.96 ERA at the All-Star break, but hip and rib cartilage injuries led to diminished results and missed time, as he finished the year with a 3.95 ERA in 136 2/3 innings. Rodón and Cortes ended up having fairly similar years in terms of limited innings and poor results. Rodón battled a forearm strain and hamstring strain as he posted a 6.85 ERA in 64 1/3 frames. Cortes twice went on the IL due to a rotator cuff strain in his left shoulder and finished the campaign with a 4.97 ERA in 63 1/3 innings.

There’s tons of bounceback potential in that trio, as Stroman has a 3.65 ERA in his career while having reached 179 innings four times in his career. Rodón was an ace over 2021 and 2022, posting a 2.67 ERA in 310 2/3 innings in that time. Cortes had a 2.61 ERA in that same two-year stretch, though in a lesser workload of 251 2/3 innings.

If all three are able to get back to their previous forms, the rotation could be in good shape without Cole, but that’s a lot for the Yanks to gamble on. They are heavily committed to competing in 2024, as they gave up five players to get one year of Juan Soto. They also got Trent Grisham from the Padres in that deal, but Soto’s 2024 season was obviously the highlight for them. In addition to the talent they gave up, they are paying Soto a $31MM salary, plus the taxes incurred as a third-time payor of the competitive balance tax.

Even in an ideal situation where Stroman, Rodón and Cortes are all in good form, there’s still the back end of the rotation to think about. Clarke Schmidt will likely be taking one spot after he put up a 4.64 ERA last year. That’s probably fine for a #5 guy but the fact that the Yankees have been consistently connected to free agents suggests they would prefer to knock Schmidt down to #6, but he’s instead been bumped up to #4 for as long as Cole is out.

Current options to take a spot behind Schmidt would include Luke Weaver, Clayton Beeter, Luis Gil, Yoendrys Gómez or Will Warren. Weaver has posted an ERA of 6.40 or higher in three of the past four seasons. Gil missed most of the past two seasons due to Tommy John surgery. Gómez has literally two innings of MLB experience while Beeter and Warren have none.

It’s a less than ideal group and it’s understandable that the club is interested in bolstering it. They’ve long been connected to marquee free agents like Snell and Montgomery but signing either of those guys would be especially costly. The Yanks are above the fourth and final tier of the CBT and are set to be a third-time payor, meaning any additional spending comes with a 110% tax bill. Even if Snell or Montgomery could be talked down to a $20MM annual salary at this late stage of the offseason, the Yanks would be looking at paying $22MM in taxes on top of that this year.

That situation would be lessened with Lorenzen, as he has a far more limited track record as a starter than those two. The Reds kept him in relief for most of his career but he sought out a return to starting when he reached free agency ahead of the 2022 season. He signed a one-year, $6.75MM deal with the Angels and was able to toss 97 2/3 innings, missing a couple of months with a shoulder strain and finishing the year with a 4.24 ERA.

It wasn’t an elite performance but he held his own and pushed up his annual workload. He then signed an $8.5MM deal with the Tigers for 2023 and took another step forward. He logged 105 2/3 innings with Detroit over 18 starts, with a 3.58 ERA in that time. He was traded to the Phillies and his first two starts for his new club were excellent. He allowed two earned runs over eight innings against the Marlins and then followed that up with a no-hitter against the Nationals.

He tossed 124 pitches in that no-hitter and seemed to break down after that. He was sporting a 3.23 ERA at that time but then allowed 27 earned runs in 30 1/3 innings the rest of the way, getting bumped to the bullpen in the process.

His 4.18 ERA on the year might not look amazing but it’s possible he ran out of gas after pushing himself further than he had gone before. Even if his true talent is a mid-4.00 ERA guy, that can be useful for the Yankees this year. Cole may be back in a few months but other injuries are inevitable and Lorenzen would improve the depth by pushing everyone down a peg.

It was reported last week that Lorenzen was holding out for a two-year deal that hasn’t yet materialized. Whether he can get that pact or ultimately has to settle for a one-year deal, he’ll be looking at a lesser salary than Snell or Lorenzen and the Yankees would have less to worry about in terms of taxes. A hypothetical $10MM salary, just as an example, would lead to $11MM in taxes. That’s still $21MM for a backend starter but it’s perhaps preferable to committing far more money and many more years for someone like Snell or Montgomery.

The Yankees were reportedly leaning towards acquiring Dylan Cease in the wake of Cole’s injury, as Cease’s $8MM salary would be far more palatable to them than the Snell/Montgomery duo, but Cease was traded to the Padres yesterday. There are some theoretical trade candidates still out there, such as Shane Bieber of the Guardians and Jesús Luzardo of the Marlins. However, both the Guards and the Fish are dealing with significant rotation injuries and may be less inclined to further subtract from their pitching staffs at the moment.

Lorenzen has received interest from the Mets, Angels, Twins, Padres and Orioles at various points this offseason, but he remains unattached now in mid-March. The Sox trading Cease seems to have given them some interest in signing Lorenzen to replace his innings, in addition to the Yankees sniffing around due to Cole’s situation. The regular season starts next week with the Seoul Series featuring the Dodgers and Padres but the rest of the league starts the season on March 28, two weeks from today.

White Sox Move Michael Kopech To Bullpen

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The White Sox are moving starter Michael Kopech to a bullpen role to begin the 2024 season, general manager Chris Getz announced to reporters on Thursday (X link via Sox Machine’s James Fegan). That’ll further shake up a rotation that suddenly projects to look quite different following last night’s trade sending Dylan Cease to San Diego.

Kopech was once a highly-touted prospect but has struggled to establish himself as a viable big league starter and is now on the cusp of his 28th birthday. Selected by the Red Sox with the 33rd overall pick in 2014, he was a top 100 prospect as he worked his way up the minor league ladder and was a key piece of the 2016 trade that sent Chris Sale to Boston.

The White Sox were surely hoping that Kopech would be a building block of their future rotation and promoted Kopech in August of 2018, but he required Tommy John surgery just about a month later. He missed all of the 2019 season and then sat out the 2020 pandemic season as well. After missing two full years of his development, he pitched primarily in relief in 2021 to build up his workload. He tossed 69 1/3 innings over 44 appearances that year with a solid 3.50 earned run average.

In 2022, he was finally able to secure a rotation gig at the big league level and the results were mixed. On the surface, his 3.54 ERA over 25 starts looked nice, but the numbers under the hood were less encouraging. His 21.3% strikeout rate and 11.5% walk rate were both a bit worse than league average. He seemed to have had some luck keeping runs off the board thanks to a .223 batting average on balls in play and 74.2% strand rate. His 4.50 FIP and 4.73 SIERA suggested that he may not have been as effective as his ERA implied.

Last year, his luck turned for the worse, as he finished the season with a 5.43 ERA. His control took a concerning blow, as he gave out walks to 15.4% of opponents. He was bumped to the bullpen late in the year but seemed like he had a path to continue starting in 2024. The Sox traded Lance Lynn and Lucas Giolito at the deadline last year and then saw Mike Clevinger hit free agency coming into this winter. Rumors swirled around Dylan Cease all winter until he was finally traded to the Padres yesterday.

Despite all of those holes in the rotation, it seems the Sox don’t have much faith in Kopech as a starter at the moment and he’ll wind up in the bullpen. For what it’s worth, he’s allowed six earned run in seven innings this spring, giving out six walks in the process while also hitting two batters. He’s now just two years away from becoming a free agent so perhaps the Sox will give rotation opportunities to younger guys during their current teardown, while perhaps Kopech can turn himself into a trade chip if he can serve as an effective reliever.

Kopech doesn’t seem thrilled with his new assignment. “It’s not my first choice where I want to be,” he said to reporters, including Scott Merkin of MLB.com. “I like starting, but I’ve had success in that role. And ultimately we are looking at what’s best for the team this year. If I can help us win games in the back of the game, I’m excited to do that.”

The Sox have brought in various fresh arms to the system this year, having signed Erick Fedde and Chris Flexen while also trading for Michael Soroka, Jared Shuster, Drew Thorpe and Jairo Iriarte. They got Jake Eder from the Marlins in last year’s Jake Burger trade. Garrett Crochet seems poised to move in the opposite direction to Kopech, jumping from a relief role into the rotation.

For now, the rotation projects to include Fedde, Flexen, Crochet and Soroka in four spots. The club was recently linked to free agent Michael Lorenzen and Clevinger as well, so a late signing could fill out the rotation. As the season rolls along, some guys will get hurt or may end up as trade targets at the deadline. Soroka and Flexen are impending free agents while Fedde is on a two-year deal. If Lorenzen or Clevinger sign, they would presumably be for one- or two-year deals.

As rotation spots open, perhaps Kopech could retake one, but the group of Shuster, Thorpe, Iriarte, Eder and others will be jockeying for auditions. With the club clearly focused on the future, they may be more inclined to give opportunities to those young and controllable guys as opposed to a 28-year-old whose club control is running out.

Trevor Stephan, Daniel Espino Require Surgery; Gavin Williams To Open Season On IL

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Guardians setup man Trevor Stephan will be undergoing a UCL reconstruction procedure (i.e. Tommy John surgery) within the next seven to 14 days, the team announced. Cleveland had shut Stephan down for three weeks in late February, but the discomfort in his arm persisted and subsequent testing has revealed that his ulnar collateral ligament is “not providing adequate stability.”

There’s further discouraging news on righty Daniel Espino — formerly one of the top prospects in all of baseball. The 23-year-old righty, who missed the entire 2023 season due to a capsule tear that required shoulder surgery, underwent a second shoulder procedure yesterday — this one to repair new capsule damage as well as his rotator cuff. He’s expected to miss the entire 2024 season, though an exact timetable on his recovery isn’t yet known, per the team.

In addition to that pair of injuries, starting pitcher Gavin Williams will begin the season on the injured list, tweets Mandy Bell of MLB.com. He’s been slowed by some discomfort in his right elbow this spring. A recent MRI came back clean, but he’ll go another four days before he resumes his throwing program and will need to build back up from there. By that point, he’ll be about two weeks removed from his last game action.

If that’s not enough bad news for Guards fans, Bell adds that lefty Sam Hentges is headed to have some swelling in his finger checked out. There’s no indication that’s a serious issue, but it’s yet another health situation for the team (and fans) to monitor for now.

The 28-year-old Stephan has proven to be one of the best Rule 5 selections by any team in recent memory. Taken out of the Yankees organization prior to the 2021 campaign, he’s logged 63 or more innings in each of his three seasons in Cleveland. Stephan owns six saves and 50 holds over that stretch, having climbed the ladder from low-leverage and mop-up settings to a prominent late-inning piece in each of the Guards’ past two seasons.

From 2022-23, Stephan tossed 132 1/3 innings of 3.40 ERA ball with a stout 28% strikeout rate and better-than average walk and ground-ball rates of 7.8% and 44.6%, respectively. Fielding-independent metrics like FIP (2.90) and SIERA (3.18) feel he’s been even better than his already sharp earned run average.

Stephan signed a four-year, $10MM contract extension covering the 2023-26 seasons last spring. That deal includes club options for both the 2027 and 2028 seasons as well. He’ll be paid $1.6MM this year as he rehabs throughout what would otherwise have been his first arbitration season. He’s guaranteed salaries of $2.3MM in 2025 and $3.5MM in 2026 before the team must decide between a $7.25MM club option of $1.25MM buyout for the 2027 season. If Cleveland picks that option up, they’ll have a $7.5MM option for the 2028 campaign as well. There’s no buyout on that second option.

With Stephan now ticketed for the 60-day injured list, the Guardians will lean on trade acquisition Scott Barlow as the primary setup man to All-Star closer Emmanuel Clase. Righties Eli Morgan and Nick Sandlin will also be in the mix for leverage spots, as will Hentges, assuming his finger injury doesn’t prove to be something serious. It’s possible the Guardians could look outside the organization for some additional arms to join the fray, though that’d likely come via waivers or perhaps a DFA trade late in camp. The free agent market for bullpen arms has been largely picked over, and Cleveland clearly didn’t have much money to spend this winter, making it seem unlikely that any additional salary will be added.

The news on Williams also carries immediate impact for Cleveland. While there’s no indication he’s dealing with a significant injury or facing a long-term absence, it seems he’ll miss at least a couple starts to begin the year. The 24-year-old ranked among MLB’s top pitching prospects prior to making his debut in 2023, and he lived up to that billing with 82 innings of 3.29 ERA ball during a sharp rookie campaign.

Williams’ 23.5% strikeout rate was narrowly above average, while his 10.7% walk rate is a bit inflated and could stand to improve a couple ticks. That shaky command prompted metrics like FIP (4.05) and SIERA (4.61) to take a more bearish outlook. Still, Williams throws hard, misses bats at average or better levels and limited hard contact rather nicely as well (88 mph average exit velocity, 38.6% hard-hit rate). There’s plenty to like about his outlook moving forward, and his presence alongside fellow sophomores Tanner Bibee and Logan Allen has the makings of the next wave of impressive homegrown talent from Cleveland’s unrivaled pitching development pipeline.

Espino, 23, once shined brightest among that incredible stock of young pitchers in the Cleveland system, but injuries have completely derailed his trajectory. Beyond what will now be a two-year absence from the mound due to multiple shoulder surgeries, Espino was also limited to just 18 innings in 2022. That year included a monthslong stay on the injured list due to tendinitis in his knee, as well as a second absence surrounding shoulder pain that has now clearly spiraled into an overwhelmingly problematic issue. Prior to the injury deluge, Espino dazzled scouts with a triple-digit fastball, plus or better slider and two other pitches — changeup, curveball — that projected to be at least average offerings.

On the one hand, Espino has youth on his side. On the other, consecutive missed seasons due to shoulder surgeries is a massive roadblock for any pitcher to overcome. His last procedure came with a timetable of 12 to 14 months. A similar or even lengthier timetable could push him deeper into the 2025 season. By that point, Espino will have thrown just 18 innings over a four-year period. The obvious hope is that he can put all these injuries behind him and eventually reach the majors, even if in a shorter relief role to help mitigate some workload concerns, but injury troubles of this magnitude are hard to overcome.

As for Hentges, he might not be a household name but he’s a credit to Cleveland’s pitching development himself. The 2014 fourth-rounder was hit hard as a starter in his debut campaign back in ’21 but has since emerged as one of the team’s top relievers. From 2022-23, he’s pitched 114 1/3 innings with an excellent 2.91 ERA, a very strong 27.4% strikeout rate, a better-than-average 7.9% walk rate and a sensational 60.1% grounder rate.

Gerrit Cole Meeting With Dr. Neal ElAttrache Today

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March 14: Cole is meeting with Dr. ElAttrache today, tweets Bryan Hoch of MLB.com. Manager Aaron Boone expects more information on his status this evening, although that doesn’t ensure that the Yankees will publicly disclose an update tonight.

March 13: Reigning American League Cy Young Award winner Gerrit Cole will miss at least the first month or two of the season due to an elbow injury, report Jon Heyman and Mark Sanchez of the New York Post. Cole underwent an MRI earlier this week after experiencing difficulty recovering between spring starts and throwing sessions. The Yankees haven’t made a formal announcement on the injury or a timetable yet. Heyman reports that initial imaging on Cole’s right elbow has not detected a ligament tear, though there’s some inflammation and swelling still present. Cole’s MRI has been reviewed by multiple parties, including renowned surgeon Dr. Neal ElAttrache. Per the report, ElAttrache did not see a ligament tear but nonetheless suggested an in-person visit to personally examine Cole.

While it’s a sigh of relief that early imaging didn’t reveal a major tear, the fact that Cole is going for further testing remains an ominous sign. Inflammation can at times be substantial enough that it masks structural damage. Only time will tell whether that’s the case with Cole. Regardless, to call even an absence of roughly four to eight weeks for Cole a major blow for the team would only be stating the obvious. The 33-year-old righty is on the short list of baseball’s best and — until now — most durable pitchers. Furthermore, the Yankees’ rotation behind Cole is rife with question marks.

New York signed right-hander Marcus Stroman to a two-year, $37MM deal in the offseason, but Stroman’s All-Star 2023 season was cut short by second-half injuries — a hip issue and rib cartilage fractures. He was sporting an ERA in the low-2.00s for much of the season but was hit rocked in July while pitching through the hip injury and struggled down the stretch after returning from what wound up being an extended absence due to the rib troubles.

Lefties Carlos Rodon and Nestor Cortes were both limited to fewer than 65 innings in 2023, and neither pitched anywhere close to his 2021-22 form. Rodon’s season was particularly alarming, given that he’d pitched at Cy Young-caliber levels the prior two years and inked a six-year, $162MM deal with the Yankees just last offseason. A forearm strain and hamstring strain combined to limit Rodon to 64 1/3 innings — during which time he posted a 6.85 ERA with a 22.4% strikeout rate that was 11.5 percentage points shy of his ’21-’22 rate. Cortes, meanwhile, twice hit the IL with a strained rotator cuff in his left shoulder. His 4.97 ERA in 63 1/3 innings was more than double the 2.44 number he’d posted the year prior.

Right-hander Clarke Schmidt was the only other Yankees pitcher to make even 20 starts last year. He took the ball for a full slate of 32 games, pitching 159 innings with a 4.64 earned run average. Schmidt’s 21.5% strikeout rate was below the league average, but his 6.6% walk rate was strong and his 43.8% grounder rate, which clocked in a couple percentage points ahead of the average starting pitcher. Schmidt was too homer-prone (1.36 HR/9) but at least looked like he could give the Yankees around five competitive innings every fifth day, which could prove crucial with Cole shelved for a notable period and several injury question marks alongside him on the starting staff.

The Yankees traded away a significant amount of rotation depth when dealing Michael King, Jhony Brito and Randy Vasquez to the Padres as part of the Juan Soto trade. Remaining in-house options for the now-vacant rotation spot include young righties Clayton Beeter, Luis Gil and Yoendrys Gomez — all three of whom are on the 40-man roster. Veteran righty Luke Weaver inked a one-year, $2MM deal and was expected to serve as a swingman, but he has ample starting experience in the majors and pitched well in three September starts for the Yanks last year. Top prospects Chase Hampton and Will Warren were both invited to camp as non-roster players, but neither is on the 40-man roster.

Of course, the possibility remains that the Yankees will go outside the organization to bring in a more established arm. Blake Snell and Jordan Montgomery remain unsigned, but the 110% luxury tax the team would pay on top of either player’s salary could prove exorbitant. Snell, in particular, would also cost the Yankees their second-highest draft choice in 2024 and require them to forfeit $1MM in bonus space from next year’s international amateur free agency pool. Ownership’s appetite for signing either player will now be tested. If not them, Ken Rosenthal of The Athletic wrote last night that righty Michael Lorenzen “could be an option” for the Yankees, though it’s not clear if the two parties have had any serious talks recently.

The trade market offers at least one more marquee name, and that seems to be the Yankees’ current area of focus. GM Brian Cashman and his staff have reportedly already presented the White Sox with a new offer for top starter Dylan Cease, though they’re joined by both the Rangers and Padres in their late pursuit of the 2022 AL Cy Young runner-up. The ChiSox had previously insisted that the Yankees include top outfield prospect Spencer Jones in any trade for Cease. The Yankees have balked at that ask. The new proposal to the Sox reportedly does not include Jones, though with several teams in the mix for Cease and the Yankees now staring down a potential two-month absence for Cole, it’s possible they’ll eventually acquiesce and meet Chicago’s asking price.

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