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Orioles Outright Diego Castillo

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The Orioles announced that infielder Diego Castillo has gone unclaimed on waivers and was sent outright to Triple-A Norfolk. He remains in the organization and seems likely to get a non-roster invite to big league Spring Training.

It’s a resolution to what has likely been a tumultuous few weeks for Castillo. He has changed hands on waivers four times since being designated for assignment by the Diamondbacks just before Christmas. Castillo briefly landed with each of the Mets, Yankees and Phillies. Philadelphia designated him for assignment a week ago to clear room for Kaleb Ort (whom they coincidentally subsequently DFA and traded to Baltimore yesterday). The O’s grabbed Castillo but DFA him themselves on Sunday when they acquired lefty reliever Matt Krook.

Baltimore succeeded in sneaking him through waivers unclaimed and keeping him around in a non-roster capacity. Castillo is clearly of intrigue to a number of teams as a depth option. The Venezuela native has shown strong contact skills in the minors. He owns a .296/.410/.407 batting line over parts of three Triple-A seasons, including a .313/.431/.410 slash for Arizona’s top affiliate a year ago.

That didn’t translate into MLB success during Castillo’s rookie campaign with the Pirates. The righty hitter put up a .206/.251/.382 showing in 96 games with Pittsburgh two seasons ago. He only appeared at the major league level once for Arizona last year. Castillo figures to open the 2024 campaign in Norfolk behind a deep collection of infield talent on the Baltimore 40-man roster.

Tigers Claim TJ Hopkins, Designate Kolton Ingram

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The Tigers announced that they have claimed outfielder TJ Hopkins off waivers from the Giants. In a corresponding move, left-hander Kolton Ingram has been designated for assignment.

Hopkins, 27, had spent his entire career with the Reds until a few months ago but has been riding the roster carousel a bit lately. Cincy designated him for assignment in December and then flipped him to the Giants for cash. He stuck on the Giants’ roster for about two months before getting bumped off last week. After a week in DFA limbo, he’s now landed with the Tigers.

The right-handed hitter made his major league debut last year but it wasn’t especially strong. He hit just .171/.227/.171 for the year, though in a tiny sample of 44 plate appearances. His work in Triple-A was much more encouraging. He drew a walk in 14% of his 393 plate appearances and also launched 16 home runs. His .308/.411/.514 batting line translated to a wRC+ of 134, indicating he was 34% better than the league average.

Hopkins has mostly played left field in his career but has seen decent amounts of playing time at all three outfield spots. The Tigers have an outfield/designated hitter mix that skews left-handed, as each of Parker Meadows, Riley Greene, Kerry Carpenter and Akil Baddoo hit from that side. The club acquired Mark Canha to give them a bit of right-handed ballast but Hopkins will provide them with a depth option. He still has two option years and can be kept in Triple-A until he forces his way back to the big leagues or an opening appears.

As for Ingram, 27, he also made a small-sample debut in the majors last year, tossing 5 1/3 innings for the Angels. He allowed five earned runs in that time, striking out seven batters but also giving out five walks. He spent most of the year on the farm, splitting his time between Double-A and Triple-A. Between those two levels, he combined for 64 innings with a 2.81 ERA. His 31.1% strikeout rate is eye-catching but his 13.1% walk rate concerning.

The Halos designated him for assignment when they signed Aaron Hicks and the Tigers grabbed him off waivers in the first week of February, though he’s now been bumped off the roster a couple of weeks later. The Tigers will have one week to trade Ingram or pass him through waivers. Left-handed relief is always in demand and he still has a couple of option years, so he could be attractive to any club looking to bolster its bullen depth. If he were to pass through waivers unclaimed, he would stick with the Tigers in a non-roster capacity.

Which Teams Could Still Accommodate J.D. Martinez?

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Much of the offseason focus remains on the so-called “Boras four”: Cody Bellinger, Blake Snell, Jordan Montgomery and Matt Chapman — all of whom remain unsigned into Spring Training. There’s one other player from MLBTR’s top 20 free agents who has yet to put pen to paper. J.D. Martinez doesn’t have the earning power of his aforementioned younger counterparts, but he’s another Boras Corporation client coming off an excellent platform year.

Martinez was always going to face some market limitations. He’s 36 years old and has started one game on defense over the past two seasons. Some teams simply won’t want to commit to an aging designated hitter. Still, there’s a strong case that Martinez is the best unsigned offensive player. Much of Bellinger’s and Chapman’s value lies in their defense. Teams that just want a short-term boost to the middle of their lineup could look to Martinez.

Which clubs still make sense as a landing spot?

Strongest Fits

Angels: The Halos aren’t going to replace Shohei Ohtani’s production at DH, but Martinez is the closest remaining approximation. Ken Rosenthal of the Athletic has written that the Angels aren’t keen on bringing in a full-time designated hitter, reasoning that Mike Trout and Anthony Rendon might be better served rotating through the position to stay healthy. On the other hand, Aaron Hicks is so far the only addition to a lineup that was merely average despite an MVP season from Ohtani. It’s hard to reconcile that lack of activity with claims from GM Perry Minasian and owner Arte Moreno that the team hopes to compete in 2024.

Mets: Martinez has been most frequently tied to the Mets throughout the winter. The New York Post’s Mike Puma reported a couple weeks ago that the sides remain in contact. Will Sammon of the Athletic has characterized those discussions as due diligence, writing that New York is likelier to turn to 24-year-old Mark Vientos to gauge whether he can be a part of a contending lineup in 2025 and beyond. It doesn’t seem the door is completely closed, but the Mets are at least waiting to see if the asking price falls.

Longer Shot Possibilities

Cubs: It’d be a surprise if Martinez is the remaining free agent whom the Cubs grab. Chicago has been tied far more often to Bellinger and Chapman, both of whom are cleaner fits on the roster. If the Cubs feel Christopher Morel and Michael Busch can hold their own on the infield corners, that theoretically opens DH. It’d leave the coaching staff without much defensive flexibility, though. Boras and Cubs chairman Tom Ricketts traded barbs yesterday after Ricketts was asked about Bellinger, although there’s nothing to suggest that’ll stop Chicago from engaging on any of Boras’ clients.

Guardians: If Martinez’s long stay on the open market drops his asking price, the Guardians could be opportunistic. They’ve taken shots at first base/DH types before, bringing in Edwin Encarnación and Josh Bell in free agency. Last winter’s Bell signing didn’t work, but that doesn’t mean they couldn’t have more success with Martinez. Cleveland has Josh Naylor and highly-regarded prospect Kyle Manzardo as the likely first base/DH tandem. Manzardo, acquired in last summer’s trade of Aaron Civale to Tampa Bay, has yet to make his MLB debut. If Martinez takes a one-year deal in a similar price range as last year’s $10MM guarantee, there’s a case for Cleveland to jump in and keep Manzardo in Triple-A for another season.

Padres: As with a couple other teams in this tier, the biggest question for San Diego is their spending capacity. The Padres have at least one outfield vacancy and want to stabilize the back of the rotation. They’re projected roughly $20MM south of the luxury tax threshold and reportedly plan to remain below that line. That still leaves open the possibility of adding Martinez, but he’d likely account for at least half their remaining CBT space. With multiple areas to address (and a desire to leave some payroll space for midseason help), going big on a DH is a tough fit.

Red Sox: On paper, there’s a fit for Boston bringing Martinez back. They were loosely tied to similar players in Teoscar Hernández and Jorge Soler. Chief baseball officer Craig Breslow has been open about the desire for another right-handed bat. MassLive’s Chris Cotillo downplayed the fit earlier this month, though, writing that Martinez’s “unique methods weren’t universally loved within the walls of Boston’s clubhouse” during his first stint.

Twins: If Martinez’s market drops far enough, perhaps Minnesota could jump in. The Twins were middle-of-the-pack in production against left-handed pitching a year ago. They added Carlos Santana on a $5.25MM deal to split time with Alex Kirilloff between first base and DH. Martinez is a much better hitter than Santana, though, so there’s a case for kicking the latter to the bench. The bigger obstacle might be Byron Buxton. He’s moving back to center field after knee injuries kept him to DH work for the entirety of 2023. Would the Twins be confident enough in Buxton holding up physically to sign a DH? They have a projected payroll in the $124MM range after opening the winter with a reported spending target between $125-140MM.

Already Addressed DH

A number of teams that could’ve been suitors for Martinez have gone elsewhere to add a starting designated hitter. The Dodgers (Ohtani), Blue Jays (Justin Turner), Giants (Soler), Mariners (Mitch Garver), and Diamondbacks (Joc Pederson) all once made sense but are more difficult fits now.

The Pirates never seemed likely to meet Martinez’s asking price and re-signed Andrew McCutchen. Milwaukee’s signing of Rhys Hoskins was more of a direct addition at first base, but he’s also a right-handed hitter without much defensive flexibility. The Brewers have a handful of outfielders who could push Christian Yelich to DH at times and also agreed to terms with Gary Sánchez on a one-year deal as a backup catcher/DH option. (Milwaukee still hasn’t announced the Sánchez contract nearly two weeks after it was first reported.)

In-House DH

The Phillies (Kyle Schwarber), Braves (Marcell Ozuna), and Astros (Yordan Alvarez) all have clear starters. The Orioles, Cardinals, Reds and Rays don’t have a set DH but have plenty of options who could rotate through the position. The Yankees could theoretically pursue Martinez and move Giancarlo Stanton to the bench. It’s hard to see that happening given the amount of money still owed to Stanton and the 110% tax they’d need to pay on top of Martinez’s salary. The Royals signed Hunter Renfroe to take a corner outfield spot and probably want to give regular run to MJ Melendez and Nelson Velázquez between left field and DH.

Unlikely To Add

A few teams have theoretical openings at DH but have already declared they’re unlikely to make any more notable acquisitions this offseason. Tigers GM Scott Harris said last week that the team doesn’t have “a ton of at-bats available for another everyday-type bat.” They’ll likely turn to Kerry Carpenter as the primary DH.

The Rangers lost Garver in free agency but seem to be up against their spending limit. Last year’s #4 overall pick Wyatt Langford isn’t far off the majors. Texas could rotate a handful of players through DH if they want Langford to get more seasoning in Triple-A. The Nationals haven’t done much this winter and could certainly incorporate another bat. GM Mike Rizzo more or less declared their offseason finished last week, though. Martinez might prioritize a more obvious contender anyhow.

Competitive Window/Payroll Questions

The White Sox, A’s and Rockies are not going to compete for a playoff spot in 2024. Of that trio, only Oakland has completely embraced a rebuild. Chicago and Colorado aren’t aggressively adding, though, and Martinez probably doesn’t want to sign with a clear non-contender at this stage of his career.

Miami lost Soler and hasn’t acquired a new DH. The Marlins haven’t brought in a major league free agent at all. It’s a disappointing offseason for the fanbase coming off a surprising Wild Card berth. Given their dearth of activity, it’s hard to imagine they bring in Martinez, even if he’d be a fairly direct replacement for their biggest offseason departure.

Rockies, Matt Carasiti Agree To Minor League Deal

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The Rockies brought right-handed reliever Matt Carasiti back on a minor league deal, per Baseball America’s Matt Eddy. He’ll surely be in camp as a non-roster player after tossing 24 1/3 innings for the Rox in the big leagues last year.

Carasiti, 32, was drafted by the Rockies in the sixth round back in 2012. He made his big league debut for Colorado in 2016 before being traded to the Cubs in 2017 and then bouncing to the Giants, Mariners and Red Sox via minor league free agency. Last year’s 24 1/3 innings in his Rockies return resulted in a 6.29 ERA, 14.5% strikeout rate, 10% walk rate and huge 56.1% ground-ball rate out of Bud Black’s bullpen. He posted better results in Triple-A, notching a 3.33 ERA, 21.8% strikeout rate and 10.1% walk rate in 27 frames.

Carasiti has a 6.89 ERA in 49 2/3 big league innings over parts of three seasons — two with the Rockies and one (2019) with the Mariners. He still averaged 95.4 mph on his sinker last season. The Rockies’ bullpen was loaded with question marks even before word of Daniel Bard’s knee surgery.

Justin Lawrence, Tyler Kinley and Nick Mears are all likely locked into spots. Lawrence stepped up as the team’s closer in 2023, while neither Kinley or Mears can be optioned to the minors. Righty Jake Bird’s 2023 performance presumably earned him a spot as well. There are still several open spots, and even if Carasiti doesn’t grab one of those, his prior big league experience could make him an option whenever a need arises in the coming season.

Mets Plan To Play Brandon Nimmo Primarily In Left Field This Season

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The Mets plan to move Brandon Nimmo from center field to left field for the 2024 season at least, manager Carlos Mendoza revealed to reporters yesterday (link via Anthony DiComo of MLB.com). The outfield shuffle comes on the heels of New York’s offseason signing of Harrison Bader on a one-year, $10.5MM contract.

The move is hardly unexpected, given that Bader ranks as one of the sport’s top defenders in center, but it’s still notable just one year after Nimmo’s ability to handle center field was a contributing factor in the team’s decision to re-sign him on an eight-year, $162MM contract. President of baseball operations David Stearns suggested last month that a specific outfield alignment had not yet been settled upon, but the Mets will go with what looked to be the most probable option. With Bader on a one-year pact, it’s possible Nimmo will end up patrolling center again in the near future — and he could do so as soon as this season in the event of an injury to Bader. But for the time being, Mendoza made clear the plan is an alignment of Nimmo in left, Bader in center and Starling Marte in right field on most days.

Mendoza praised Nimmo’s openness to the move. Nimmo himself told DiComo and others that Stearns asked him early in the offseason about his willingness to move to a corner, should the team sign a free agent center fielder with plus defensive skills. “I told him, ‘Honestly, my goal at this point in my career is to win a World Series. If you think that creating a better outfield defense or adding these guys to our roster is going to help our chances of winning a World Series, then I’ll do whatever it takes to do that,'” Nimmo said.

On paper, it should give the Mets a strong defensive group on the grass. Nimmo’s defensive grades in center field took a step back in ’23, but Statcast and Ultimate Zone Rating both pegged him as roughly average. (Defensive Runs Saved was more bearish, casting his glovework as a negative.) Bader ranks fourth among all big league players, regardless of position, in Statcast’s Outs Above Average metric, dating back to the 2018 season. DRS has him tied for 18th among all MLB players in that same span. Marte posted negative grades in 2023 but was also hobbled by a groin strain in addition to missing time with migraines. At 35, he’s likely lost a step or two, but Marte previously graded as an elite left fielder — so a return to at least solid glovework in right field shouldn’t be out of the question.

In all likelihood, Nimmo will play some center this year. Bader has been on the injured list seven times in the past three seasons (once the Covid-related IL, but the 10-day IL on six other occasions). In that span, he’s dealt with a fractured rib, plantar fasciitis and strains of his groin, oblique and hamstring. As is common with many elite defenders in center, the devil-may-care attitude with which Bader approaches his craft leaves him susceptible to IL stints. The reckless abandon required to crash into a wall at full speed or lay out for spectacular diving grabs leads to plenty of highlight reel appearances but also plenty of bumps and bruises (if not worse).

In the big picture, the Mets’ outfield alignment could continue to change in the short term. Outfielder Drew Gilbert, acquired from the Astros in the Justin Verlander trade, is widely considered to be among the game’s top 100 prospects and could push for a spot in the majors this season. He’s a center fielder with a real chance to stick at the position. Next year’s free agent class in center is pretty thin — unless Cody Bellinger signs a deal that allows him to opt back into free agency next winter — though if the Bader fit works out, it’s always possible the two parties explore a longer-term fit.

Red Sox Sign Liam Hendriks

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Feb. 20, 10:37am: Hendriks will earn $2MM in 2024 and $6MM in 2025, per Chris Cotillo of MassLive.com. There’s also a $2MM buyout on the 2026 option, which is valued at $12MM. The $10MM worth of incentives in the deal are all tied to Hendriks’ 2025 performance, Cotillo adds. Half of that incentives package is tied to games finished, and the other half is tied to Hendriks’ total innings pitched. There are no incentives tied to the 2024 season.

10:25am:: The Red Sox have formally announced the signing of Hendriks to a two-year contract with a mutual option for a third season. This weekend’s trade of righty John Schreiber to the Royals opened a 40-man spot in Boston, so a corresponding move for Hendriks isn’t necessary.

Feb. 19: The Red Sox are reportedly in agreement with right-hander Liam Hendriks on a two-year deal that will guarantee him $10MM, though he can earn as much as $20MM via incentives. There’s also a 2026 mutual option for the ALIGND Sports Agency client. The deal is pending a physical.

Hendriks, 35, was the AL’s Comeback Player of the Year award winner in 2023 after he managed to return to the mound five months after he began undergoing treatment for non-Hodgkin’s lymphoma in early January before announcing that he was cancer-free in April. Unfortunately, Hendriks’ amazing comeback was cut short after just five appearances due to a bout of elbow inflammation, which ended up leading to the veteran undergoing Tommy John surgery back in August. Hendriks’ lengthy impending rehab led the White Sox to decline their club option on his services for the 2024 season, allowing him to hit the open market back in November.

While 2023 was something of a lost season for Hendriks, he’s long been one of the most dominant relievers in the sport. The right-hander debuted as a starting pitcher with the Twins back in 2011, though he struggled in the role for Minnesota, Kansas City, and Toronto with a 5.92 ERA in 39 appearances across four seasons before the Blue Jays decided to move him to the bullpen full time in 2015. The role change did wonders for Hendriks’ performance, as he pitched to a strong 2.92 ERA with an even better 2.14 FIP across 64 2/3 innings of work for the club that year. That season, Hendriks struck out a solid 27.2% of batters faced while allowing free passes at a minimal 4.2% clip.

The Blue Jays didn’t retain Hendriks after his breakout campaign, instead dealing him to the Oakland A’s prior to the 2016 season. During his first few years in Oakland, Hendriks came back down to earth a bit, pitching to relatively middling results out of the club’s bullpen with a 4.01 ERA and a 3.24 FIP across 152 2/3 innings of work from 2016 to 2018. Hendriks returned to form in 2019, however. When then-A’s closer Blake Treinen struggled to a 4.91 ERA during the 2019 season, Hendriks took over the closer’s role and did not look back with an incredible 1.80 ERA with a 1.78 FIP in 85 innings of work.

The righty continued that strong performance in 2020, his final year of club control. He headed into the open market after racking up 14 more saves in the shortened season, posting a 1.78 ERA thanks to a huge 40.2% strikeout rate and tiny 3.3% walk rate. He landed a three-year, $54MM deal with the White Sox with a complicated club option for 2024. The salary and buyout on that option were both $15MM, though the buyout would spread the payouts over a 10-year period.

He continued to serve as a lockdown closer for the first two years of that deal before, as mentioned, going through various challenges in the third. With Hendriks looking at missing at least the first few months of 2024, the White Sox went for the $15MM opt-out instead of the $15MM salary. Despite those matching figures, they will save money in long run by holding that money, collecting interest on it and paying it out later when inflation has reduced its value.

Hendriks went into the open market unable to market himself for much of the 2024 season. He is targeting a trade deadline return from last year’s surgery, though that would be on the ambitious end of typical Tommy John recovery timelines since he just went under the knife a year ago.

It would obviously be great news if Hendriks is back on the mound in August or September but the signing for the Red Sox is more about 2025. The club has Kenley Jansen and Chris Martin as their top relievers this year but both are impending free agents and each have been in trade rumors this offseason. The club seems to have little hesitation about subtracting from this year’s relief corps, as they recently traded John Schreiber and flipped Nick Robertson earlier in the winter as part of the Tyler O’Neill deal.

Overall, the club’s offseason has been more focused on the future than the present. The move for O’Neill and the signing of Lucas Giolito were nice adds for this year, but they’ve also been seemingly trying to keep payroll fairly low and have sent out players with minimal club control like Chris Sale and Alex Verdugo. While they’re not exactly tearing things down to the studs as part of a deep rebuild, they do seem to be aware that they need to think about the long term after a couple of last place finishes in the A.L. East in past two seasons.

Signing Hendriks fits into that, as he will upgrade next year’s roster more than this one’s. There’s also some financial wiggle room due to their relatively modest winter. Roster Resource pegs their current payroll at $181MM, even after the Hendriks signing. Per Cot’s Baseball Contracts, they were twice were over $230MM a few years back and at $207MM two years ago. RR also has their competitive balance tax now at $202MM, nowhere near the $237MM base threshold of the tax.

If the Sox find themselves in contention later this year, perhaps Hendriks can come back from his rehab and join their bullpen for the stretch run. But for next year, he potentially gives the club an elite closer at a relative modest salary, providing an early solution to the departures of Jansen and Martin.

Chris Cotillo and Sean McAdam of MassLive first reported the sides were nearing an agreement and that Hendriks was present at the club’s Spring Training facility in Florida. Buster Olney of ESPN first had the two years and $10MM guarantee. Mark Feinsand of MLB.com relayed the 2026 mutual option. Ken Rosenthal of The Athletic reported the potential to get to $20MM via incentives.

Rays Sign Yu Chang To Minor League Deal

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The Rays announced Monday that they’ve signed versatile infielder Yu Chang to a minor league contract. He’s been invited to big league camp and will compete for a spot on manager Kevin Cash’s bench.

It’s the second Rays stint for Chang, who played 36 games and slashed .260/.305/.385 in 105 plate appearances with Tampa Bay in 2022. The Rays were one of four teams for Chang that season. He’s appeared in each of the past five MLB campaigns, suiting up for Cleveland, Pittsburgh, Tampa Bay and Boston along the way. In 650 trips to the plate at the MLB level, Chang is a .204/.269/.359 hitter.

Chang likely won’t offer a ton at the plate against either left-handed or right-handed pitching. He’s a right-handed hitter without a glaring platoon split; if anything, he’s been slightly better against same-handed opponents in his career than he has versus southpaws. He’s shown modest pop over the past three seasons (.167 ISO, 16 homers in 553 plate appearances), but that’s been accompanied by a 5.4% walk rate and ugly 29.3% strikeout rate.

Now 28 years old, Chang has logged time at all four infield positions in his career, with a relatively even distribution of playing time between the four spots. Both Defensive Runs Saved and Outs Above Average consider him a strong defensive player at each of second base, shortstop, third base and first base.

Chang offers the Rays some depth all around the infield, which is of extra importance with Wander Franco in legal limbo and Taylor Walls recovering from offseason hip surgery. At the moment, they expect trade acquisition Jose Caballero to be the primary shortstop, with Isaac Paredes at third base, Brandon Lowe at second base and Yandy Diaz at first base. Jonathan Aranda, Osleivis Basabe, Curtis Mead and Junior Caminero (one of the top prospects in all of baseball) are all on the 40-man roster and give the Rays plenty of exciting young options to consider in their ever-changing infield outlook.

The Opener: Starting Market, Bellinger, MLBTR Chat

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As Spring Training continues to get underway, here are three things we’ll be keeping an eye on around the baseball world throughout the day today:

1. Mid-level starting market continues to thin:

With veteran left-hander Hyun Jin Ryu now poised to depart MLB in favor of a return to the Korea Baseball Organization overseas, the remaining second-tier starting pitching market has lost one of its best remaining arms without him landing with a big league club. Could Ryu’s departure increase demand for the remaining options? The best arms available at this point in the winter appear to be right-handers Michael Lorenzen and Mike Clevinger, though other veteran options such as Zack Greinke, Johnny Cueto, Noah Syndergaard and Jake Odorizzi also remain available. The Angels, Twins, and Padres are among the clubs known to be in the market for rotation additions at this point in the winter. While it’s possible that Anaheim could look to make a splash this winter and add one of the top-tier starters remaining in Jordan Montgomery or Blake Snell, both Minnesota and San Diego appear likely to be confined to smaller additions.

2. Will Bellinger’s market pick up?

Comments from Cubs chairman Tom Ricketts yesterday indicated little progress has been made between the organization and center fielder Cody Bellinger in contract talks this winter. A return to Chicago has long seemed to be the likeliest fit for Bellinger this winter given the success he saw there in 2023 and the club’s uncertainty in center field, where top prospect Pete Crow-Armstrong may not be quite ready to make the jump to the big leagues. However, Ricketts’ comments yesterday indicate little urgency on the part of Chicago in reuniting with the slugger.

Bellinger, the top outfielder on the offseason’s free agent market and the No. 2 hitter behind only superstar Shohei Ohtani, is coming off a 2023 campaign where he slashed an excellent .307/.356/.525, good for a wRC+ of 134. That’s production that nearly every team would surely like to have in their lineup, particularly at a position as key as center field. Could the seeming reluctance of the incumbents convince other clubs to consider a late push for Bellinger, perhaps on a shorter-term deal?

3. MLBTR Chat Today

While teams around the league are holding their first full-squad workouts of the spring, a handful of the winter’s top free agents remain unsigned and plenty of offseason shopping lists around the league remain unfulfilled. Are you wondering if there’s more in store for your team as camps open in Arizona and Florida? If so, tune in this afternoon when MLBTR’s Steve Adams hosts a live chat with readers at 1pm CT. You can click here to ask a question in advance, and that same link will allow you to join in on the chat once it begins or read the transcript after its completed.

Yankees Have Offer Out To Blake Snell

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It was reported over the weekend that the Yankees are still interested in free agent left-hander Blake Snell. Mark Feinsand of MLB.com relays today that the club currently has an offer out to the lefty, though adds that the Angels and Giants are still possibilities. Despite that offer, Andy Martino of SNY threw some cold water on the proceedings, suggesting there’s not much momentum to getting a deal done at the moment.

There’s also a report today from Brendan Kuty and Chris Kirschner at The Athletic indicating that the club has made an offer to the southpaw with no opt-outs. It’s clear in the article that the offer in question was made to Snell prior to the club signing Marcus Stroman. The Yankees reportedly offered Snell $150MM over six years back in January, but the lefty was looking for either a longer deal or one with an average annual value of $30MM or more.

MLBTR predicted Snell for a seven-year, $200MM deal at the start of the offseason but his lingering on the market for months has led to some speculation he would consider a short-term deal, a possibility MLBTR recently explored.

The details of this current offer from the Yankees aren’t known, but it seems unlikely it’s of the short-term, high AAV type. The report from Kuty and Kirschner highlights that the club may not be in the best position to take the high AAV route because of their competitive balance tax status. Per Roster Resource, the club’s CBT number is $307MM, already beyond the fourth and final tier of $297MM. As a third-time payor at that level, any further spending comes with a 110% tax.

This would make it difficult for the club to get creative with Snell. Per the example used by Kuty and Kirschner, giving Snell a $40MM salary on a short-term deal would also come with $44MM in taxes, meaning the club would effectively be paying $84MM to get him on the roster this year.

This highlights the tricky position Snell is in at the moment. He is obviously incredibly talented, having just won a Cy Young last year after posting a 2.25 ERA with the Padres. That makes him very attractive but clubs may not want to commit to him for a long tenure given his inconsistency. From 2019 to 2022, in between Cy Young wins, he had a 3.85 ERA and never got to 130 innings pitched in any of those campaigns. As good as he was last year, he had to pitch around a 13.3% walk rate and got help from a .256 batting average on balls in play and 86.7% strand rate.

That lack of reliability could push some clubs to preferring a short-term deal but many contenders are over the CBT and face significant taxes, such as the Yankees, while others have budgetary limitations due to the bankruptcy of Diamond Sports Group and uncertainty around TV revenue. The January offer from the Yanks came with an AAV of $25MM and perhaps their new offer adds an extra year or a little bit more money. With Martino suggesting nothing is close to getting done, perhaps it’s not significantly different from last month’s offer.

Even if there are some clubs with a bit of powder dry at this late stage of the winter, there are still lots of free agents out there, with Boras representing all of the top names. In addition to Snell, he’s also looking to get deals done for Matt Chapman, Cody Bellinger, Jordan Montgomery, J.D. Martinez, Hyun Jin Ryu and more. Finding significant deals for all of those guys will be an interesting juggling act for Boras, as getting a deal done for one guy might have the domino effect of closing off the earning potential of another.

The Yankees have an on-paper rotation that is strong with Gerrit Cole backed up by Carlos Rodón, Stroman, Nestor Cortes and Clarke Schmidt. That’s a great group if everyone is healthy but each of Rodón, Stroman and Cortes missed significant time last year. The club also subtracted depth by including four starting pitchers in the Juan Soto trade. Signing Snell or some other starter could bump Schmidt down to sixth on the chart and into the minors, as he still has an option remaining.

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