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Latest On Diamond Sports Group Bankruptcy

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Major League Baseball and Diamond Sports Group are continuing discussions about the broadcasting conglomerate’s ongoing bankruptcy. A hearing initially scheduled for Wednesday morning was delayed to Friday, January 19, according to Evan Drellich of the Athletic.

That suggests MLB and representatives for Diamond feel there’s still something to be gained from talks. At the same time, it moves ever closer towards Opening Day without a firm resolution for teams whose local broadcasting deals run through the Bally Sports networks.

As recently as last season, Diamond’s Bally Sports RSNs carried in-market broadcasts for 14 teams. The struggling corporation dropped its contracts with the Padres and Diamondbacks midseason, leading MLB to take over local broadcasts for those franchises. Bally’s contract with the Twins ran its course at the end of the 2023 season.

That presently leaves 11 teams* who have deals with Diamond for in-market broadcasting in 2024. However, Diamond has suggested it could abandon its contracts with the Guardians and Rangers this offseason unless the terms of those deals are renegotiated. Meanwhile, Drellich reports that Diamond and MLB are in discussions about a possible contract to carry Twins’ games for another season.

It is unclear if Diamond will operate in any capacity after the ’24 campaign. The Wall Street Journal reported last month the company was in discussions with Amazon about potentially selling streaming rights for a short-term influx of cash that could help keep Diamond afloat.

However, Diamond only holds streaming rights for five of the 11 teams with which it has a TV deal. MLB has been reluctant to provide further streaming opportunities. The New York Post’s Josh Kosman reported on Monday that MLB shot down discussions between Diamond and Amazon — potentially with an eye towards negotiating a separate streaming deal with Amazon directly.

* Those clubs are the Angels, Braves, Brewers, Cardinals, Guardians, Marlins, Rangers, Rays, Reds, Royals, and Tigers.

Rays Sign Naoyuki Uwasawa To Minor League Deal

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The Rays announced that they have signed right-hander Naoyuki Uwasawa to a minor league contract with an invite to major league camp. “I’m excited to join the Rays organization and grateful for the opportunity to begin a career in Major League Baseball,” he said in a club press release. “I decided to play for the Rays because the success and the rich history of pitching development really intrigued me.”

Uwasawa, 29, will be coming over from the Nippon Ham Fighters of Japan’s Nippon Professional Baseball. Like Yoshinobu Yamamoto and Shota Imanaga, he was posted by his NPB club, but he comes with decidedly less hype than those two. While Yamamoto secured himself a $325MM contract and Shota Imanaga landed a $53MM guarantee, Uwasawa is settling for a minor league pact.

That may be a surprise if one were to merely look at Uwasawa’s results in terms of run prevention. He has a 3.19 earned run average over his nine NPB seasons, having tossed over 1,000 innings. He just posted a 2.96 ERA over 170 innings in 2023.

But digging a little deeper shows why there wasn’t as much excitement from MLB clubs. MLBTR contributor Dai Takegami Podziewski has frequently highlighted Uwasawa in his NPB Players to Watch series, noting that his fastball was averaging just 90.8 miles per hour last year.

That’s perhaps a factor in his low strikeout totals in Japan. His NPB career has resulted in a strikeout rate of just 19.7% while that was down to 17.8% in 2023. For reference, Yamamoto punched out 26.6% of hitters last year while Imanaga was at 29.2%. Since MLB hitters are considered superior to NPB hitters, it’s understable that clubs would be suspicious of how Uwasawa would make the jump to North America.

That doesn’t necessarily mean Uwasawa is doomed to failure, as some pitchers are crafty enough to succeed without a power arsenal, with Kyle Hendricks and Brent Suter just a couple of examples. But throwing harder generally gives a pitcher more room for error than one with a bit less power.

For the Rays, there’s no risk in giving him a minor league deal to see how his stuff plays against hitters in the affiliated ranks. Their rotation has taken a number of hits in the past year, as each of Shane McClanahan, Jeffrey Springs and Drew Rasmussen required a serious elbow surgery that will force them to miss part or perhaps all of the 2024 season. The club’s financial situation also led them to trade Tyler Glasnow to the Dodgers.

They are currently left with a rotation featuring Zach Eflin, Aaron Civale, Zack Littell, Ryan Pepiot, Taj Bradley and Shane Baz. Eflin and Civale have checkered health histories while Littell only recently converted from the bullpen to a starting gig. Pepiot and Bradley are lacking in big league experience while Baz is coming off a season completely lost to Tommy John surgery recovery.

If Uwasawa is in good form in the spring and in the early parts of the minor league season, there should be plenty of opportunity for him to find some big league innings, whether that’s in the rotation, behind an opener or perhaps as a multi-inning guy out of the bullpen.

Brewers, Corbin Burnes Avoid Arbitration

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The Brewers and right-hander Corbin Burnes have agreed to a one-year deal worth $15.637MM for the 2024 campaign to avoid arbitration, according to Jon Heyman of the New York Post.

Burnes, 29, put together a strong season in 2023 with a 3.39 ERA in 193 2/3 trips to the plate. That performance earned him a third consecutive All Star appearance and and eighth-place finish in NL Cy Young award voting, his fourth consecutive season placing in the top eight or higher. That being said, the 2023 campaign did see Burnes take some small steps back as well. Though he punched out 200 batters for the third straight season, the right-hander’s 25.5% strikeout rate was the lowest of his career since a 38-inning cup of coffee out of the Milwaukee bullpen back in 2018. Meanwhile, Burnes allowed free passes at an 8.4% clip after entering the season with a career 6.7% walk rate.

Despite those concerns, Burnes was nonetheless among the best pitchers in the league last season, with a 3.4 fWAR that ranked 19th among qualified starters last season alongside the likes of Luis Castillo and Kodai Senga. That earned Burnes a salary slightly above the $15.1MM projection put forth by MLBTR contributor Matt Swartz back in October. It’s perhaps particularly noteworthy for Burnes and the Brewers to agree to a deal rather than head to an arbitration hearing given the right-hander’s comments last February on the heels of his loss in a hearing against the club regarding his 2023 salary, where the sides were apart by just $750K. Given the contentious hearing the sides went through last year, it’s hardly surprising that both sides would prefer to avoid a similar situation this winter, Burnes’s final before hitting free agency next offseason.

Burnes has been the subject of plenty of trade rumors this offseason. While that’s hardly a surprise given his contractual status and Milwaukee’s decision to non-tender co-ace Brandon Woodruff earlier this winter, comments from GM Matt Arnold have indicated that the Brewers still plan on Burnes taking the ball for the club on Opening Day. That, of course, could change as the offseason continues to progress. It’s worth noting that, whether or not Burnes ends up traded before the season begins, he’s publicly made clear that he’s unlikely to sign an extension this winter and looks forward to hitting the open market come November. In the meantime, however, the right-hander projects at the front of a Brewers rotation that also features Freddy Peralta, Wade Miley, Colin Rea, and Joe Ross.

Diamondbacks, Zac Gallen Avoid Arbitration

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The Diamondbacks and right-hander Zac Gallen have avoided arbitration, per Mark Feinsand of MLB.com. The Boras Corporation client will make a salary of $10.011MM this year.

Gallen, 28, has established himself as an ace-level pitcher and is coming off a second consecutive excellent season. In 2023, he made 34 starts and tallied 210 innings with a 3.47 earned run average. He struck out 26% of batters that came to the plate against him, walked just 5.6% of them and kept 41.8% of balls in play on the ground.

The righty was then a key part of the Diamondbacks making a surprise charge to the World Series. Though his ERA ticked up to 4.54 in the postseason, he logged 33 2/3 innings over six starts, a notable workload for a club without much pitching depth.

He was a third-round pick of the Cardinals but he was twice traded to end up in the desert. He was one of four players that went to the Marlins in the Marcell Ozuna trade and later was flipped to the Snakes for Jazz Chisholm Jr. He first qualified for arbitration going into 2023 and played last year on a $5.6MM salary, now getting into eight-figure territory. He will be due one more raise in 2025 before he’s slated for free agency.

Rangers Sign Andrew Knizner

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The Rangers have signed catcher Andrew Knizner, reports Jon Heyman of The New York Post. The CAA Sports client will make a salary of $1.825MM.

Knizner, 29 in February, will join a new organization for the first time in his career. He was drafted by the Cardinals in 2016 and was with that club until he was non-tendered in November of 2023. On his way up the minor league ladder, he was considered a bat-first catcher with questions about whether his defense would be good enough.

He got brief looks in the majors in each of the past five seasons but didn’t get significant playing time as the Cardinals employed Yadier Molina as their primary backstop until he retired, then signed Willson Contreras to replace him. His bat didn’t impress much at the big league level in the 2019 to 2022 period but he showed a bit of promise last year. He hit 10 home runs in 241 plate appearances but his 5% walk rate and 25.7% strikeout rate were both a bit worse than average. His .241/.288/.424 batting line translated to a wRC+ of 92, which is 8% below league average overall but about par for a catcher.

But his glovework hasn’t been strong, as was suggested by prospect evaluators over the years. He has a career tally of -18 Defensive Runs Saved and is considered a poor framer by each of FanGraphs, Baseball Prospectus and Statcast. He’s considered a decent blocker by Statcast but his work with the throwing game is considered subpar.

MLBTR contributor Matt Swartz projected him for a modest salary of $2MM this year but the Cards decided to cut him loose. They have Contreras in the starting role behind the plate and Iván Herrera on hand to handle the backup duties.

The Rangers have given Knizner a salary that comes in just beneath that projection. They have Jonah Heim as their primary catcher but lost their bat-first backup when Mitch Garver reached free agency and signed with the Mariners. They also have Sam Huff on the 40-man roster but both he and Knizner still have an option year remaining, which will allow the club to keep one of them in the minors as depth.

Knizner has four years and 21 days of service time, meaning he can be retained for 2025 via arbitration if he has a good season and the Rangers want to keep him around. A lengthy option assignment could even extend their club control by another year. His major league hitting hasn’t been overwhelming thus far but he has hit .303/.369/.461 in his minor league career. He was also a late conversion to catching in college and could perhaps still be developing his skills as a defender.

Mets, Pete Alonso Avoid Arbitration

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The Mets and first baseman Pete Alonso have avoided arbitration, reports Jeff Passan of ESPN. The Boras Corporation client will make a salary of $20.5MM this year.

Alonso, 29, is coming off yet another potent year at the plate. His 46 home runs in 2023 were a jump from his 40 long balls a year prior. He has finished each full season of his career with between 37 and 53 homers. His batting line of .217/.318/.504 from last year translated to a wRC+ of 121, indicating he was 21% above league average at the plate. The reviews of his defense have been mixed in his career but he generally posted solid results in 2023. He also managed to steal four bases on the year.

Since Alonso cracked the Opening Day roster in 2019, he now has exactly five years of major league service time. He first qualified for arbitration going into the 2022 season and agreed to a $7.4MM salary that year, followed by a $14.5MM figure last year. MLBTR contributor Matt Swartz projected Alonso for a raise to $22MM but he’ll settle for a figure just beneath that.

Due to the Mets taking a sort of step back in 2024, Alonso’s final year of arbitration before he’s slated for free agency, there has been a lot of speculation about the club either trading him or signing him to a contract extension. To this point, neither has happened. New president of baseball operations David Stearns has repeatedly stated that he expects Alonso to be the club’s starting first baseman this year and also spoke this week about the difficulties of signing a player to an extension when they are this close to free agency.

Alonso’s fate would appear to be in the hands of the club. If the Mets falter and are out of contention by the deadline, he will be a top trade candidate in rumors this summer. If they remain in contention, perhaps he will stick with the club through the year and receive a qualifying offer at season’s end. The latter scenario wouldn’t be a guarantee that he would be destined to join another club. The Mets re-signed Brandon Nimmo after he reached free agency and also reached a new deal with Edwin Díaz just as he was about to hit the open market.

Yankees, Gleyber Torres Avoid Arbitration

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The Yankees and infielder Gleyber Torres have avoided arbitration, per Joel Sherman of The New York Post. The Octagon client will make $14.2MM this year in his final year of club control before reaching free agency.

Torres just turned 27 in December, so he’s on track to become a free agent at an earlier point of his career than most free agents. He put together a strong .273/.347/.453 slash in 672 trips to the plate in 2023, popping 25 home runs and connecting on 28 doubles and a pair of triples. Torres walked at a 10% clip — the highest mark of his career in a full season — and struck out at a career-low 14.6% clip. He added 13 steals in 19 tries as well. Both Defensive Runs Saved (-4) and Outs Above Average (-3) pegged him as a slightly below-average defender, but neither portrayed him as a pure liability. Torres’ well-rounded offensive output more than offset any shortcomings with the glove.

While Torres has been an oft-rumored trade candidate throughout his Yankees tenure, it seems increasingly likely that he’ll play out his final season of club control in Yankee pinstripes. He was the team’s second-best hitter behind Aaron Judge last season, and the Yanks are going all out in an effort to return to the postseason after last year’s miss — evidenced by their acquisition of Juan Soto, their aggressive (but unsuccessful) pursuit of Yoshinobu Yamamoto, and tonight’s subsequent $37MM deal with right-hander Marcus Stroman. Add in the club’s trade for division rival outfielder Alex Verdugo and the potential for some further free-agent upgrades in the bullpen, and it’s clear the Yankees are focused on putting the best possible team on the field. Torres should be a pivotal part of that.

Torres has had an up-and-down tenure in the Bronx. He’ll probably never replicate the 38-homer season he delivered in the juiced-ball campaign back in 2019, but after moving off shortstop to a second base position that suits him far better, he’s been a consistently above-average hitter. Whether that’s pure happenstance or whether the pressures of struggling at shortstop were weighing on him at the plate can never be definitively proven, but either way, Torres has hit .266/.330/.452 since his position change.

Assuming he’s able to author a third consecutive season in that general vicinity, Torres will reach free agency next year as one of the top infielders available — both based on his age and his offensive track record. He’d be a surefire candidate to receive and reject a qualifying offer, giving the Yankees the opportunity to recoup some value in the form of a 2025 draft pick (as will be the case with the aforementioned Soto). That could well be the ultimate route for Torres, too, as the Yankees could turn the second base job over to prospect Oswald Peraza in 2025, when he’ll still be just 24 years of age.

Yankees, Juan Soto Avoid Arbitration

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The Yankees and star outfielder Juan Soto have avoided arbitration, according to Joel Sherman of the New York Post. The sides settled upon a $31MM salary for the 2024 season — a new record for the largest salary every agreed to by an arbitration-eligible player. Soto, a client of the Boras Corporation, surpasses the $30MM benchmark that was established by two-time AL MVP Shohei Ohtani just last offseason.

The 25-year-old Soto is coming off another strong season at the plate. After being shipped to the Padres at the 2022 trade deadline, the young phenom struggled with his new club early in the 2023 campaign with a .183/.345/.344 slash line in his first 27 games.

Soto managed to flip a switch from there, however, slashing an excellent .293/.423/.554 the rest of the way to elevate his season-long slash line to a strong .275/.410/.519. The performance saw Soto walk more often than he struck out for the fourth consecutive season, earn his third consecutive All-Star appearance as well as his fourth consecutive Silver Slugger award, and finish sixth in NL MVP voting while appearing in all 162 games for San Diego.

Between that walk year performance and the three prior times he’d been through the arbitration process as a Super Two player, Soto now stands alone as the highest-paid arbitration player in history (at least on a one-year deal). A new record was always the expectation; MLBTR contributor Matt Swartz’s model projected a $33MM salary for Soto, and both the Padres and the Yankees were surely anticipating a new highwater mark as well.

The looming precedent served as the impetus behind the deal that shipped Soto to the Bronx earlier this winter, as the Yankees surrendered right-handers Michael King, Jhony Brito, and Randy Vasquez as well as catcher Kyle Higashioka and top pitching prospect Drew Thorpe to acquire Soto and center fielder Trent Grisham. The Padres, after years of ultra-aggressive spending in free agency and on the trade market, were known to be looking to scale back payroll by as much as $50MM and simultaneously looking to replenish a rotation mix that lost Blake Snell, Seth Lugo, Nick Martinez and Michael Wacha to free agency.

Soto’s stop in the Bronx could well be for one year, though the Yankees will surely do everything in their power to keep him long-term. However, he’ll reach free agency at just 26 years of age next winter and do so as one of the most accomplished young bats to ever reach the open market so early.

The rarity of this type of talent becoming a free agent at such a young age could position Soto to command a contract in excess of the $460MM net present value of Ohtani’s extraordinarily deferred 10-year, $700MM deal — and it’s also possible that he could lock in the lengthiest contract ever put forth if he and agent Scott Boras prioritize that. Last offseason saw teams willing to dole out contracts greater than a decade in length to Trea Turner and Xander Bogaerts, each running through the players’ age-40 season. A contract covering Soto’s age-40 season would need to extend a mammoth 15 years in length, but for a player of this caliber at such a young age, anything could be on the table.

Soto, in fact, already rejected a staggering 15-year, $440MM contract offer from the Nationals back in 2021, which led to his original trade from D.C. to San Diego. Detractors panned the decision at the time, but with today’s $31MM agreement, he’ll already have pocketed $54MM since spurning that overture. He’ll “only” need to top $386MM in free agency to come out ahead, and as surreal as that number sounds, it also feels quite feasible.

Any talk of a record-setting deal (or close to it) in free agency next winter is putting the cart before the horse to some extent, of course. Soto will need to remain healthy in 2024 and continue to produce at the prodigious levels we’ve come to expect throughout his incredible big league tenure. Despite having just turned 25 in October, Soto already has 160 career home runs and is a lifetime .284/.421/.524 hitter in 3375 plate appearances. That incredible OBP currently stands as the 19th-best mark in MLB history.

Astros, Framber Valdez Avoid Arbitration

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The Astros and left-hander Framber Valdez have avoided arbitration by agreeing to a $12.1MM salary for the 2024 season, according to Chandler Rome of The Athletic.

Valdez, 30, took something of a step back last year from a standout 2022 campaign that saw the southpaw post a 2.82 ERA while leading the AL with 201 1/3 frames en route to a top 5 finish in AL Cy Young award voting. Nonetheless, Valdez posted strong numbers in 2023 with a 3.45 ERA that was 22% better than league average by measure of ERA+ in 198 innings of work. That solid performance was backed up by a 3.50 FIP that largely matches his top-level run prevention numbers. Looking under the hood, Valdez posted a 54.2% groundball rate that, while well above average, was actually a career low for the lefty, who generated grounders at a 66.2% clip for his career entering 2023. That being said, he countered the increased contact in the air with the best strikeout (24.8%) and walk (7.1%) rates of any 162-game season in his career.

It’s Valdez’s third trip through arbitration, though as a Super Two player the left-hander will be eligible for arbitration a fourth and final time in 2025. The $12.1MM salary for 2024 is an exact match for the projection put forth by MLBTR contributor Matt Swatz back in October. The deal continues the streak of the sides avoiding arbitration throughout Valdez’s career. Last season, the sides avoided arbitration by agreeing to a $6.8MM salary for 2023, while the sides settled on a $3MM salary for the 2022 campaign in his first year of arbitration eligibility.

Houston attempted to work out a long-term extension with the left-hander last spring, though the sides ultimately did not come together on a deal. While it’s possible the sides could look to reopen those negotiations in the coming weeks, rumors swirled last month that the Astros were listening to offers on the left-hander from at least half a dozen clubs. Between those trade rumors and the impending free agencies of second baseman Jose Altuve and third baseman Alex Bregman, both of whom GM Dana Brown has expressed interest in extending as recently as November, it seems reasonable to think any talks of a longer term arrangement with Valdez could be on hold for the time being. In the meantime, Valdez figures to be paired with veteran ace Justin Verlander at the front of Houston’s rotation with the likes of Cristian Javier, Jose Urquidy, J.P. France, and Hunter Brown also in the mix for spots in the club’s Opening Day rotation.

Yankees Have Made Offer To Blake Snell

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The Yankees have made an opening contract offer to free agent starter Blake Snell, reports Jon Heyman of the New York Post. Terms of the proposal aren’t clear, but Heyman adds the team and Snell’s representatives at the Boras Corporation remain “far apart” in talks.

New York is one of the teams that has been most frequently connected to Snell in recent weeks. That’s at least in part because they’re seemingly involved on most or all of the big-name pitchers available. They’ve been linked to old friend Jordan Montgomery and right-hander Marcus Stroman in free agency. On the trade front, reports have tied the Yankees to the likes of Dylan Cease, Jesús Luzardo and Shane Bieber.

It doesn’t seem they’re all that close on any of those players. Heyman reports the Yankees have thus far balked at Chicago’s asking price on Cease, which he adds involves a prospect package centered around 2022 first-round pick Spencer Jones. Baseball America recently ranked Jones, who hit .268/.337/.450 with 13 homers in High-A last year, as the #2 talent in the New York farm system. That’s consistent with various reports that Chicago wants multiple high-end prospects for Cease.

Meanwhile, Heyman notes there’s been “no traction” between the Yankees and Miami on talks involving Luzardo or righty Edward Cabrera. It’s unclear whether rentals like Bieber or Corbin Burnes will move this offseason. If New York doesn’t pick up steam on any of their trade conversations — they’ve surely discussed possibilities beyond what has been publicly reported — that could increase their urgency to add a top-of-the-rotation starter via free agency.

Snell and Montgomery are the clear top two options available. The incumbent Rangers have been linked to Montgomery throughout the offseason. Teams like the Angels, Giants, Phillies and Red Sox have been tied to both left-handers. The Giants and Halos have been more frequently linked to Snell than have the latter two clubs.

The Yankees are the first team known to have an offer on the table (although that’s certainly not to say there aren’t others that were unreported). Snell is coming off his second career Cy Young campaign. He worked to an MLB-best 2.25 ERA over 180 innings. He fanned over 31% of batters faced and was utterly dominant down the stretch, posting a 1.23 ERA from June 1 onward. His command is erratic, but few pitchers are as difficult to hit when they’re on.

A pursuit of Snell is fairly reminiscent of last winter’s run at Carlos Rodón, another left-hander with huge stuff coming off an excellent platform year despite some career inconsistency. Rodón’s six-year, $162MM deal looked disastrous in year one. While one could argue that should make the Yankees gun-shy about pursuing a similar pitcher, it also increases the need for another high-end starter. Neither Rodón nor Nestor Cortes looked like top-of-the-rotation arms last season. That leaves New York looking for another star to pitch behind Gerrit Cole and reduce some of the pressure on Rodón and Cortes.

MLBTR predicted a seven-year, $200MM deal for Snell, who turned 31 last month. A signing team would also forfeit draft compensation because he rejected a qualifying offer from the Padres. For a team that paid the luxury tax like the Yankees, that’d be their second- and fifth-highest selections next year and $1MM in international signing bonus space. New York’s luxury tax payroll sits around $291MM, according to Roster Resource. They’re taxed at a 95% rate on spending up to the $297MM mark and will pay a 110% tax on every dollar beyond that figure.

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