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KBO’s NC Dinos Sign Matt Davidson

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Matt Davidson has signed with the NC Dinos of the KBO League, reports Jeeho Yoo of Yonhap News. The infielder will have a salary of $560K, plus a $140K signing bonus and $300K of incentives.

Davidson, 33 in March, has received scattered MLB action, appearing in six seasons over the 2013 to 2022 timeframe. He played in 311 big league games over that decade-long stretch, suiting up for the Diamondbacks, White Sox, Reds and Athletics. He struck out in 34.3% of his plate appearances but also launched 54 home runs. The combined result was a .220/.290/.430 batting line and 93 wRC+.

His Triple-A track record has been much stronger, as he has hit .253/.335/.479 at that level over eight separate seasons, hitting 163 home runs in 3,236 plate appearances. That likely helped him secure a job in Japan last year, as he joined the Hiroshima Carp of Nippon Professional Baseball for the 2023 season. He hit 19 home runs in his 381 plate appearances for that club but his overall line of .210/.273/.425 suggests it was a power-only performance. He struck out in 31.5% of his trips to the plate last year while walking just 5.8% of the time.

Despite the strikeouts, Davidson’s power bat is clearly a threat and it has intrigued the Dinos. This will complete the club’s foreign player allotment, as KBO clubs are limited to three such slots. They previously signed pitchers Daniel Castano and Kyle Hart.

Mets Designate Cooper Hummel For Assignment

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The Mets designated catcher/outfielder Cooper Hummel for assignment, as first reported by Anthony DiComo of MLB.com. The Mets announced the move a couple minutes later. Hummel’s spot on the 40-man roster will go to righty Max Kranick, whom the Mets are claiming off waivers from the Pirates.

Hummel, 29, was claimed off waivers from the Mariners earlier in the offseason. He appeared in 10 MLB games last year and came to the plate 26 times with Seattle. He also received a brief look with the D-backs in 2022, and he’s posted an overall .166/.264/.286 line in 227 career plate appearances.

Ugly as that small-sample slash line may be, Hummel turned in a .262/.409/.435 batting line in Triple-A last year and drew walks at a massive 18% clip. The Mets were surely attracted to that output and to his versatility; he’s logged more than 1800 innings in left field, 1054 frames behind the plate, 508 innings at first base and another 296 innings in right field. Add in that he has a minor league option remaining, and he’s an interesting depth piece even if he hasn’t yet been able to produce at the big league level.

Hummel is also a known commodity for Mets president of baseball operations David Stearns, who was the Brewers’ general manager in 2016 when Hummel was drafted by Milwaukee. Stearns traded Hummel to the D-backs in the 2021 Eduardo Escobar swap, and he’ll now have a week to trade Hummel again or else attempt to pass him through outright waivers.

Mets Claim Max Kranick From Pirates

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The Mets have claimed right-hander Max Kranick off waivers from the Pirates, reports Mark Feinsand of MLB.com. The righty was designated for assignment by the Bucs a week ago when they needed a roster spot to sign Martín Pérez. The Mets have a full roster and will need to make a corresponding move for Kranick, and will need to open another when they make their signing of Sean Manaea official.

Kranick, 26, will now join just the second organization of his career. He was drafted by the Pirates and has been a part of that organization until this transaction. He made his major league debut with nine starts in 2021, posting a 6.28 earned run average in 38 2/3 innings. He made two relief appearances for the club in 2022 but required Tommy John surgery in June of that year, wiping out the rest of the season and most of 2023. He was healthy enough to return to the mound late in 2023, making a few minor league starts in August and September.

There’s obviously not much major league track record to go on and the surgery has prevented him from pitching meaningful innings in the minors of late. But he has thrown 344 1/3 innings on the farm overall with a 3.55 ERA. He has only struck out 19.5% of minor league hitters but has only given out walks at a modest 6.2% clip.

He is now out of options, which suggest the Mets are either planning to keep him on their active roster or will attempt to run him through waivers in the future. The Mets already have a rotation composed of Manaea, Luis Severino, Kodai Senga, José Quintana and Adrian Houser, with Tylor Megill and Joey Lucchesi on hand as optionable depth. David Peterson will be in the mix once he recovers from his hip surgery. Given that rotation picture, perhaps the Mets will keep Kranick in the bullpen and see if he can find some extra strikeouts with his stuff playing up in shorter stints.

The Mets are taking something of a step back this year and have limited themselves to fairly modest moves. Manaea got a two-year deal but with an opt-out after the first season. Severino got a one-year deal, as did Harrison Bader, Joey Wendle, Jorge López, Austin Adams and Michael Tonkin. The club has also claimed Penn Murfee, Zack Short, Tyler Heineman and Cooper Hummel and now Kranick off waivers.

Taken together, those moves have filled out the pitching staff and bench as the club will look to go into 2024 with more depth. Perhaps that will help them avoid the pitfalls they fell into last year when a batch of injuries knocked them out contention, or perhaps it will simply allow someone in that batch to break out and take a step forward this year. If the club falls out of contention again and winds up engaging in another deadline selloff, they can give some extra innings or plate appearances to someone showing signs of development.

Mets, Danny Young Agree To Minor League Deal

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The Mets have agreed to a minor league deal with left-handed reliever Danny Young, MLBTR has learned. He’ll be in big league camp this spring and would earn an $825K salary in the majors. Young is repped by Dynamic Sports Group.

The 29-year-old Young has seen big league time with the Mariners and Braves over the past two years, logging a combined 14 2/3 innings with a 2.45 ERA, a 25.4% strikeout rate, a 6% walk rate and a healthy 48.8% ground-ball rate. He was particularly sharp with Atlanta, yielding just one run in 11 innings as a Brave and posting a 12-to-2 K/BB ratio. However, Young missed the bulk of the 2023 season due to hip injury. He pitched just 15 2/3 Triple-A frames and 8 1/3 MLB innings before landing on the injured list and ultimately undergoing surgery.

Young has a 4.70 ERA in parts of four Triple-A seasons. He’s fanned 28% of his opponents at the top minor league level against an 11% walk rate, though his command has been better in his limited MLB looks. He has a minor league option remaining as well, so if he makes the Mets’ roster out of spring training or at any point during the 2024 season, he could be optioned freely for the remainder of the season.

The Mets are known to be on the lookout for bullpen help and have specifically been focused on adding some left-handed depth. New York reportedly had interest in former Brewers and Rockies southpaw Brent Suter, but Suter agreed to a one-year pact with his hometown Reds yesterday.

Drew VerHagen To Sign With NPB’s Nippon-Ham Fighters

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Free agent right-hander Drew VerHagen is returning to the Nippon-Ham Fighters of Japan’s Nippon Professional Baseball, reports Robert Murray of FanSided. The Vayner Sports client is signing a two-year pact, the second season of which is a player option. He can earn close to $8MM in total over those two years, but the 33-year-old righty’s player option will ensure him an opportunity to again test MLB free agency next winter if he pitches well in his return to Japan.

It’ll be VerHagen’s second stint in Japan and his second with the Fighters. The right-hander spent the 2020-21 season with the Fighters as well, parlaying his 3.51 ERA in 207 2/3 innings there into a two-year, $5.5MM deal with the Cardinals in the 2021-22 offseason. (Anecdotally, VerHagen was the first player to sign a Major League contract after MLB’s 99-day lockout lifted.)

VerHagen’s first season in St. Louis didn’t go well, as injuries limited him to 19 appearances and 21 2/3 innings of 6.65 ERA ball. He underwent season-ending hip surgery midway through that 2022 campaign. The former Tigers righty rebounded nicely in 2023, however, piling up 61 innings out of Oli Marmol’s bullpen while notching a solid 3.98 ERA. VerHagen fanned 22.4% of his opponents against a 9.7% walk rate and kept the ball on the ground at a 42.2% clip.

VerHagen has more than five years of MLB service accrued over parts of eight seasons, but last year’s showing with the Cardinals was the best of his career. His 61 innings were a career-high, as were his 14 holds, and his 3.98 ERA was the lowest of his career outside of a 2.05 mark in 26 innings back with the 2015 Tigers.

It’s not especially common to see a player debut in the Majors, head overseas to NPB or the KBO, find success, come back to MLB, and then return to NPB or the KBO. VerHagen could take an even more atypical arc if he’s indeed able to once again leverage a strong season in Japan into another MLB offer.

Players generally don’t bounce back and forth from continent to continent in this manner, but VerHagen has primarily been a swingman and middle reliever in MLB, and that role tends to come with limited earning power. His openness to a globetrotting lifestyle could end up earning him more than $15MM when factoring in his previous two seasons with the Fighters, his two years in St. Louis, and this pending contract to return to Japan. It may not be a common course to chart, but it’s one that’s been quite lucrative for the righty.

VerHagen was a starter during his previous NPB stint, and if the Fighters plug him back into their rotation, he could conceivably use year one of this two-year pact to showcase himself as a rotation option for teams next winter. And, even if his performance dips or he incurs another injury and he chooses not to opt out, he’ll have the safety net of another strong seven-figure salary in year two of the deal.

Braves Extend Alex Anthopoulos Through 2031

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The Braves announced this morning that they’ve signed president of baseball operations Alex Anthopoulos to an extension that will keep him with the team through the 2031 season. Anthopoulos had previously been entering the final season of a three-year contract extension that spanned the 2022-24 seasons. He’ll now be in Atlanta for an additional seven years.

“Alex and I have enjoyed a wonderful working relationship, and I look forward to that continuing for many years to come,” Braves CEO Terry McGuirk said in the team’s press release announcing the extension.

“I have been around this game a very long time and know that Alex’s track record of success is truly something special. There is simply no one better in the business. This extension gives Alex the runway to make long-term decisions and the opportunity to continue his track record of assembling teams that are perennial contenders. I have the utmost confidence in his ability to deliver championship baseball for our fans well into the future.”

The seven-year term of the contract extension is massive in relation to Anthopoulos’ baseball operations peers throughout the sport; most president of baseball operations and/or general manager contracts are three to five years in length. Given the unparalleled young core that the Braves have not only developed but also largely managed to sign to club-friendly contract extensions under Anthopoulos’ watch, however, it’s not surprising to see the team reward him with an uncommonly lengthy contract of his own — one that’ll allow him to see the bulk of those player extensions play out in full.

The 46-year-old Anthopoulos’ ascension to the top of the sport’s executive sphere is one rooted in the humblest of beginnings. His first job in baseball came with the Expos, where he was an unpaid intern working in their mail room and printing stat sheets. Expos scouts eventually took Anthopoulos under their wing, and he was moved to the team’s scouting department before being hired by the Blue Jays in 2003. From there, Anthopoulos climbed the ranks of Toronto’s baseball operations staff, rising all the way to general manager — a role he’d hold through 2015 before rejecting an extension under incoming president and CEO Mark Shapiro.

The Dodgers quickly added Anthopoulos to their front office, hiring him as a vice president of baseball operations working alongside president of baseball ops Andrew Friedman and then-GM Farhan Zaidi. That proved to be less than a two-year stop, as Atlanta hired Anthopoulos away from Los Angeles and named him general manager after former GM John Coppolella was dismissed and banned from baseball following reported violations on the international free agent market and in the MLB draft. (Major League Baseball lifted Coppolella’s “lifetime” ban after six years, in 2023.)

While some of the core pieces comprising the Braves’ roster were signed or drafted under the former regime — most notably, Ronald Acuna Jr., Ozzie Albies, Austin Riley and Max Fried — it was Anthopoulos who oversaw the extensions for each of Acuna (eight years, $100MM), Albies (seven years, $35MM) and Riley (ten years, $212MM). While Anthopoulos himself doesn’t necessarily oversee the draft, he did hire now-former scouting director Dana Brown — who’s since been hired as Houston’s general manager — and set the stage for a remarkable run of success in the amateur draft. (Brown and Anthopoulos worked together both in Montreal and in Toronto.)

From 2019 onward, Atlanta drafted names like Michael Harris II, Spencer Strider, Bryce Elder, Vaughn Grissom and Shea Langeliers (among others), each of whom has either emerged as a core contributor or been included in a trade to help build out the club’s current roster. (Langeliers was sent to Oakland in the Matt Olson trade; Grissom recently was traded to the Red Sox for Chris Sale.)

In addition to Acuna, Albies and Riley, Anthopoulos has succeeded in brokering long-term deals with the majority of Atlanta’s core. While Freddie Freeman and Dansby Swanson did ultimately depart in free agency — and Fried could well do the same next winter — the Braves have had more success on the extension front than any team in the game. Harris inked an eight-year, $72MM deal midway through his rookie season. Strider followed suit with a six-year, $75MM contract.

Less than 48 hours after acquiring Olson in what’s now a wildly lopsided trade with the A’s (who received Langeliers, Cristian Pache, Joey Estes and Ryan Cusick in return), Anthopoulos signed his new first baseman to an eight-year, $168MM extension. A year later, Anthopoulos again pried a star away from Oakland on the trade market, acquiring catcher Sean Murphy in a three-team deal that sent William Contreras to Milwaukee. As with Olson, Murphy quickly put pen to paper on a new contract: a six-year, $73MM deal.

The Braves, under Anthopoulos, have also made veteran Charlie Morton a fixture in the rotation, repeatedly signing him and extending him on a series of short-term contracts. Morton, originally drafted by Atlanta back in 2002, is now entering his fourth straight season as a Brave and has given the team 521 innings of 3.77 ERA ball and was a key part of the team’s 2021 postseason staff (3.24 ERA in 16 2/3 innings). Similarly, catcher/designated hitter Travis d’Arnaud has become a veteran staple on the club, winning a Silver Slugger in 2020 and making the 2022 All-Star team while combining for a solid .256/.315/.446 slash in four seasons since originally signing.

That 2021 postseason run, of course, is the crowning achievement of Anthopoulos’ career thus far. The Braves, powered by a juggernaut core and buoyed by deadline acquisitions like Jorge Soler and Eddie Rosario, blitzed through the second half of the season as the sport’s hottest team and rode that momentum all the way to a 2021 World Series title.

As with any baseball operations executive, not every move Anthopoulos has made has worked out. The three-year, $40MM deal for lefty Will Smith and the four-year, $65MM signing of Marcell Ozuna have had mixed results, at best, and the trade to swap out Smith for Odorizzi played out poorly as well. Smith rebounded in Houston, while Odorizzi struggled in Atlanta before being sent to the Rangers, with the Braves remaining on the hook for the bulk of his 2023 salary after Odorizzi exercised a player option. The Braves also acquired Kevin Gausman at what now looks like a bargain rate from the Orioles in 2018 but cut him loose via waivers a year later after he struggled in Atlanta. Gausman signed with the Giants the following offseason, broke out in San Francisco, and has since become a bona fide No. 1 starter in Toronto, where he signed a five-year free agent deal.

In comparison to the litany of successes under Anthopoulos, however, those misses are relatively minor in nature. And, while perhaps the Braves would like mulligans on some of those decisions, the simple fact of the matter is that none of them have stood as roadblocks to success. The Braves have won the NL East in all six of Anthopoulos’ seasons as general manager, and the team’s unrivaled collection of talent under long-term contract has positioned Atlanta as a legitimate dynasty in the division.

We’re reminded each year of the MLB postseason’s intrinsic randomness, but it’d be a surprise if the Braves didn’t reach the playoffs in the majority of the seasons under this new contract for their president — and another World Series appearance (if not victory) wouldn’t be a bad bet, either. It’s somewhat fitting that an executive known for his ability to hammer out club-friendly extensions now secures his own long-term deal — one that’ll assure him the opportunity to reap the benefits of the incredible crop of talent that’s been drafted, acquired, developed and signed long-term under his watch.

“I’d like to thank Terry for his continued support and trust,” Anthopoulos said in his own statement this morning. “The Braves are an incredible organization to be a part of, and I’m proud of the success we’ve achieve together. I am grateful for the opportunity to continue to lead baseball operations and to strive to bring another World Series to Atlanta.”

The Opener: Cubs, Yankees, DFA Limbo

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One the heels of all but 22 arbitration-eligible players around the league agreeing to deals yesterday, here are three things we’ll be keeping an eye on around the baseball world throughout the day today:

1. Cubs to introduce Imanaga:

The Cubs are expected to introduce newly-signed lefty Shota Imanaga in a press conference at 2pm CT this afternoon (h/t to Yuki Yamada of Sankei Sports) just hours before the team’s annual Cubs Convention kicks off this weekend. Imanaga signed in Chicago earlier this week on a four-year, $53MM deal with opt-outs after the second and third years that can be voided if the club exercises a fifth year club option that would take the total commitment to $80MM. Adding the lefty isn’t the only move the Cubs have made in recent days, and president of baseball operations Jed Hoyer will surely be asked about the prospect-for-prospect swap that brought infielder Michael Busch to the Cubs from the Dodgers yesterday in addition to the signing of Imanaga. To acquire Busch and right-handed reliever Yency Almonte, the Cubs surrendered a pair of recent draftees: left-hander Jackson Ferris (2022 second round) and outfielder Zyhir Hope (a 2023 11th-rounder who signed an over-slot $400K bonus, the equivalent of fifth-round money).

2. Yankees roster moves incoming:

The Yankees deepened their pitching staff yesterday, adding right-hander Luke Weaver on a major league deal in the afternoon before signing veteran righty Marcus Stroman to a two-year pact last night. Stroman, in particular, is a significant boost to the rotation behind Gerrit Cole, filling out a staf that also includes Carlos Rodon, Nestor Cortes, and Clarke Schmidt. Deepening the rotation mix has left something of a roster crunch in the Bronx. The club already had a full 40-man roster, so they’ll need to clear two spots for Weaver and Stroman in the coming days. The club could accomplish this simply by designating two players for assignment, though an alternative solution could be working out a minor trade with another club to acquire non-roster talent in exchange for players towards the back of the club’s 40-man.

3. Kranick in DFA Limbo:

In order to make room for newly-signed lefty Martin Perez on the 40-man roster, the Pirates designated right-hander Max Kranick for assignment last week. The seven-day period during which Kranick can be left in DFA limbo expires this afternoon, meaning a conclusion is expected sometime today. Kranick, 26, was an 11th-round pick in the 2016 draft by Pittsburgh and came up to the majors with the club back in 2021. The righty pitched to a 5.56 ERA in 43 2/3 innings of work across 11 appearances for the Pirates between 2021 and 2022 before he underwent Tommy John surgery in June of the latter year.

The righty didn’t appear in the majors 2023 due to a lengthy rehab but returned to action in the minor leagues toward the end of the season, posting a strong 2.76 ERA in 16 1/3 innings of work at the Triple-A level. Kranick has a very solid Triple-A track record (3.72 ERA, 19% strikeout rate, 7.2% walk rate), but he’s also out of minor league options and therefore would need to be carried on any club’s active roster or else exposed to waivers again. If Kranick goes unclaimed, the righty figures to be outrighted to the minors by the Pirates, where he’ll serve as depth at the Triple-A level entering the season.

Requested Salary Figures For 22 Players Who Didn’t Reach Agreements By Arbitration-Filing Deadline

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Today was the deadline for teams and players eligible for arbitration to exchange salary figures for the 2024 season ahead of possible arbitration hearings. And, as usual, the vast majority of eligible players worked out deals for 2024 (and, in some cases, beyond) before the deadline this afternoon. While these agreements are all listed in MLBTR’s Arbitration Tracker, unfinished business remains around the league. 22 players have not yet settled on a salary for the 2024 and are therefore at risk of having their salaries determined by an arbiter. That number is down considerably from last season, when 33 players exchanged figures. Of note, this list does not include Brewers right-hander Devin Williams. While the sides exchanged figures earlier this evening, they managed to avoid arbitration after the deadline had passed.

This year, arbitration hearings will begin on January 29th and run through February 16th, two days after pitchers and catchers are due to report for Spring Training. While there’s nothing stopping teams and players from settling to avoid arbitration between now and their hearing, the majority of clubs employ a “file and trial” approach to arbitration hearings, stopping negotiations prior to the formal exchange of figures in order to put additional pressure on players to agree to a deal early. While this approach generally puts a moratorium on discussion of one-year deals, teams are typically still willing to discuss multi-year pacts beyond today’s deadline.

Below are the 22 players who have yet to reach an agreement regarding their 2024 salaries, as well as the players’ requested salaries and the counteroffers issued by clubs. The league tends to pay close attention to arbitration salaries because outliers can serve as precedent going forward, raising the bar both for individual players and players as a whole in the future. That reality incentivizes teams to strictly stick to a “file and trial” approach in arbitration and risk a tense hearing between club and player rather than bridge even fairly minimal gaps between club and player salary figures.

[RELATED: Arbitration projections from MLBTR contributor Matt Swartz]

14 of the league’s 30 clubs have at least one case that has yet to be settled. The Orioles have the most cases that have yet to be settled, with five players on track for a hearing against the club. That being said, it’s worth noting that Baltimore has a massive, 17-player class of arbitration-eligible players, so it’s hardly a surprise that they wound up exchanging figures with an elevated number of players. Toronto first baseman Vladimir Guerrero Jr. submitted the highest salary figure among all players headed for a hearing at $19.9MM, while the Rangers and outfielder Adolis Garcia narrowly top Guerrero and the Blue Jays for the largest gap between figures, with $1.9MM separating Garcia’s request of $6.9MM from the Rangers’ $5MM counteroffer.

The total list, which will be updated as settlements are reached and the results of hearings are made available…

2024 Arbitration Tracker

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Today is the deadline for players and teams to exchange figures in arbitration — an annual deadline that leads to a slew of one-year deals and, typically, a handful of multi-year deals. Today should see upwards of 100 players agree to salaries for the 2024 season, although the majority of clubs and players now wait until the very last minute to agree. The deadline for agreements is noon CT, and we’ll see terms on plenty of last-minute/buzzer-beating deals filter in shortly thereafter. Players and teams that do not reach an agreement will exchange salary figures at 7pm CT tonight.

Each player’s service time is in parentheses, and you can of course check back to see each player’s projected salary from MLBTR contributor Matt Swartz. We’ll keep this updated as deals come in — refresh for updates — and break off some of the larger, more prominent agreements in separate entries. All agreements are for one year unless otherwise noted.

Angels

Astros

Athletics

Blue Jays

Braves

Brewers

Cardinals

Cubs

Diamondbacks

Dodgers

Giants

Guardians

Marlins

Mariners

Mets

Nationals

Orioles

Padres

Phillies

Pirates

Rangers

Rays

Red Sox

Reds

Rockies

Royals

Tigers

Twins

White Sox

Yankees

Yankees Sign Marcus Stroman

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The Yankees’ rotation has gotten a boost, as the club has announced that they have signed veteran righty Marcus Stroman. It’s a two-year deal with a conditional player option for 2026 that reportedly comes with a $37MM guarantee. The 2026 vesting option would become an $18MM player option if he reaches 140 innings in 2025. Stroman is represented by Roc Nation Sports.

Stroman, 33 in May, was a first-round pick by the Blue Jays in the 2012 draft. A fast riser to the big leagues, the right-hander made is debut in 2014 and performed well in his rookie season with a 3.65 ERA and 2.84 FIP in 130 2/3 innings of work. Though Stroman was limited to just four starts in his sophomore season by a torn ACL, the righty established himself as a fixture in Toronto’s rotation in the following years.

By the time the club shipped him to the Mets in a deal at the 2019 trade deadline, Stroman had compiled a solid 3.76 ERA and 3.60 FIP across 135 appearances (129 starts) in a Blue Jays uniform. The right-hander’s tenure in New York was somewhat shortened by him opting out of the shortened 2020 campaign, but Stroman pitched well when on the mound for the Mets, including a 3.02 ERA and 3.49 FIP across a league-leading 33 starts during the 2021 season.

Having accepted a qualifying offer to return to the Mets in 2021, Stroman entered the 2021-22 offseason as an unrestricted free agent and found a new team quickly, agreeing to a three-year deal with the Cubs just before the players were locked out in early December. Stroman pitched solidly in his first season as a Cub, with a 3.50 ERA and 3.76 FIP across 138 2/3 innings of work. Entering the 2023 campaign, it appeared the righty had taken a step forward at the age of 32 as he pitched to an incredible 2.28 ERA with a 3.33 FIP in 98 2/3 innings of work across the first 16 starts of his season.

Unfortunately, things came apart from there as Stroman allowed a whopping 28 runs (24 earned) in just 27 innings across his next six starts before heading to the injured list with a hip issue. His stay on the shelf was extended by a rib cartilage fracture and by the time he returned to action in mid-September, the veteran righty was only able to muster eight middling innings of performance over his final four appearances in a Cubs uniform. Despite the rough second half, Stroman nonetheless finished the 2023 campaign with solid overall numbers, including a 3.95 ERA and 3.58 FIP in 136 2/3 innings of work.

Likely with his sights on a multiyear deal, Stroman opted of the final year and $21MM of his deal with the Cubs, returning to free agency. Stroman’s free agent market remained quiet for much of the offseason, though he was connected to the Royals before Kansas City ultimately opted to add right-handers Michael Wacha and Seth Lugo last month. The righty’s market reportedly picked up as the calendar flipped to 2024, with Heyman noting that the Red Sox, Orioles, Giants, and Angels were among the teams interested in the veteran’s services outside of the Bronx.  Ultimately, Stroman’s contract matches well with the two-year, $44MM prediction MLBTR made back on November 6th.

Now, Stroman is set to return to New York to pitch on the other side of the Subway Series. The right-hander adds some veteran stability to the club’s rotation behind ace Gerrit Cole after southpaws Nestor Cortes and Carlos Rodon both produced uneven, injury-marred campaigns in 2023. As things stand, right-handed youngster Clarke Schmidt figures to round out the club’s starting quintet after producing solid back-end results across 33 appearances (32 starts) with the Yankees last year.

While Stroman has never been much of a strikeout artist, typically punching out around 20% of batters faced in a given year, he sports a strong 6.9% walk rate for his career and has been extremely effective at keeping the ball on the ground across his ten years as a major league player. Stroman’s groundball rate has never dipped below 50% throughout his career, and his 57.1% grounder rate last year actually slightly surpasses his career mark of 56.7%. Only Logan Webb, Framber Valdez, and Dallas Keuchel have generated grounders at a higher clip than Stroman throughout their careers among active players, and only Webb walks fewer batters among that group. It’s a style of play that should work particularly well in Yankee stadium, which was the third-most homer friendly park in the majors last year according to Statcast.

The addition of Stroman takes the Yankees over the final $297MM luxury tax threshold, with RosterResource projecting the club for a luxury tax payroll of just under $306MM in 2024.  Every dollar the Yankees spend beyond that $297MM threshold will be taxed at a whopping 110% rate, given the team’s status as a third-time payor in 2024. The club’s actual 2024 payroll is similarly high, sitting at just over $294MM. That will be the highest payroll in club history, according to Cot’s Baseball Contracts.

Adding a starting pitcher to the club’s rotation appeared to be the Yankees’ biggest need at this point in the offseason, so it’s possible the club is mostly done for the winter at this point. Recent reports have indicated the club has some level of interest in the likes of Blake Snell, Jordan Montgomery, Dylan Cease, Shane Bieber and Jesus Luzardo, including a report earlier today that the club had made an offer to Snell. All of that was prior to the club’s addition of Stroman, of course, though it’s at least feasible the club could look to add another starter to pair with Cole at the front of the rotation, likely pushing Schmidt into a swing role out of the bullpen.

Jon Heyman of the New York Post first reported that the sides were “making progress” on a deal. Mike Mayer of Metsmerized was first with the sides coming to an agreement. Bob Nightengale of USA Today first reported that the deal, which is pending a physical, is for two years with an option for a third. Joel Sherman of the New York Post first reported the deal’s average annual value of $18.5MM a season, while Heyman first added that the third year is a vesting option. Sherman reported further details on the option.

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