Offseason In Review: Baltimore Orioles

Between a new owner, a new lease at Camden Yards, and one of the offseason’s biggest trades, the Orioles made plenty of news on and off the field this winter.  Now the question is whether the reigning AL East champions can take the next step forward to challenge for a World Series title.

Major League Signings

• Craig Kimbrel, RP: One year, $13MM (includes $1MM buyout of $13MM club option for 2025)

2023 spending: $13MM
Total spending: $13MM

Trades & Claims

• Acquired SP Corbin Burnes from Brewers for IF Joey Ortiz, SP/RP DL Hall, and a 2024 Competitive Balance Round A draft pick
• Acquired IF Nick Maton from Tigers for cash considerations
• Acquired IF Tyler Nevin from Tigers for cash considerations
• Acquired SP/RP Jonathan Heasley from Royals for minor league RHP Cesar Espinal
• Acquired RP Kaleb Ort from Phillies for cash considerations
• Acquired RP Matt Krook from Yankees for cash considerations
• Claimed SP/RP Tucker Davidson off waivers from Royals
• Claimed OF Peyton Burdick off waivers from White Sox
• Claimed IF/OF Diego Castillo off waivers from Phillies

Notable Minor League Signings

• Kolten Wong, Julio Teheran, Michael Perez, Ronald Guzman, Andrew Suarez, Daniel Johnson, Albert Suarez

Extensions

• None

Notable Losses

• Ortiz, Hall, Aaron Hicks, Kyle Gibson, Jack Flaherty, Adam Frazier, Shintaro Fujinami, Jorge Lopez

The Orioles entered the winter with pretty clear needs at the top of their rotation and bullpen.  Since Felix Bautista’s recovery from Tommy John surgery will sideline the closer for the entire season, the O’s targeted some of the biggest names in the free agent relief market (such as Josh Hader, Jordan Hicks, Robert Stephenson, and Aroldis Chapman) before finalizing a one-year, $13MM deal with Craig Kimbrel.

The veteran closer brings a possible Cooperstown-worthy resume and plenty of experience to the back to the Orioles’ pen, where Kimbrel will team with setup men Yennier Cano and Danny Coulombe to hopefully get close to replicating the lockdown dominance of the Bautista-led 2023 relief corps.  Of course, some red flags are apparent — Kimbrel faded down the stretch in both 2021 and 2022, and he had a couple of ill-timed blowups when pitching for the Phillies in last year’s NLCS.  The righty is also entering his age-36 season, and is prone to allowing walks and hard contact.

An argument could be made that Baltimore could have aimed a little higher or gone with someone a bit steadier than Kimbrel, though with Bautista ostensibly returning in 2025, GM Mike Elias might not have wanted to make too lengthy of a commitment to a new reliever.  As it stands, Kimbrel’s $13MM guarantee still represents the largest amount of money the O’s have given to a player since Elias took over the front office after the 2018 season.

While the Orioles’ lengthy rebuild precluded a lot of major spending, Elias continued to take a relatively measured approach to the payroll this offseason, even in the wake of a 101-win performance.  While the O’s checked in on such notable free agents as Hader or Aaron Nola, the team mostly focused on the trade market to address its pitching needs.  There were plenty of rumors linking the Orioles to top names like Dylan Cease or Jesus Luzardo, but amidst all these reports, Baltimore eventually landed another top trade candidate.

Corbin Burnes has been arguably the best pitcher in baseball over the last four seasons, and his acquisition instantly solves the Orioles’ desire for a frontline ace.  Since Burnes is a free agent following the 2024 campaign, the trade also represents another shorter-term move for Elias — Burnes avoided arbitration with the Brewers by agreeing to a $15,637,500 salary, making him only slightly pricier than Kimbrel.

Trading for Burnes was a clear win-now move for the O’s, and a deal made possible by the team’s seemingly bottomless minor league talent pool.  The Brewers came away with a potential shortstop of the future in Joey Ortiz, an intriguing rotation or bullpen candidate in DL Hall, and the 34th overall pick in the 2024 draft (the Orioles’ selection in Competitive Balance Round A, which are the only types of picks that can be traded).  This is a pretty significant trade package, yet from Baltimore’s perspective, even a top-100 prospect like Ortiz is expendable considering how the Orioles’ infield of the future looks to already be in place.

Between Jordan Westburg, reigning AL Rookie of the Year Gunnar Henderson, and soon-to-debut star prospect Jackson Holliday, the Orioles may have second base, third base, and shortstop locked up for the better part of the next decade.  This doesn’t even count Coby Mayo or Connor Norby knocking on the door of the big leagues, or incumbent utilitymen Ramon Urias and Jorge Mateo still on hand as perhaps overqualified bench depth.

The outfield is also crowded.  Anthony Santander (a free agent next winter), Cedric Mullins, and Austin Hays (free agents in the 2025-26 offseason) have Colton Cowser, Heston Kjerstad, and Kyle Stowers pushing for playing time right now, let alone looming to eventually supplant the more experienced players as the Orioles’ starting outfield.

If the O’s were still rebuilding, it is easy to imagine a world where any of Santander, Mullins, Hays, Urias, or Mateo have been traded by now to let the kids play.  However, the Orioles are both trying to win in 2024 and not hamper the development of any of their up-and-comers.  That means someone like Stowers or Kjerstad might start the year at Triple-A in order to get regular at-bats rather than sporadic playing time in the majors, and the Orioles could use their bench spots for veterans more accustomed to part-time roles.

This could mean in-house names like Urias, Mateo, Terrin Vavra, and Ryan McKenna, or a familiar face back in the fold like Tyler Nevin (re-acquired from the Tigers in a January trade).  Baltimore also dealt for Nick Maton and signed Kolten Wong and Michael Perez to minor league deals, further adding depth just in case the young core needs a bit more seasoning.

All of this depth makes it easy to see how more trades could be coming at the deadline or earlier, once the Orioles have a better sense of their needs or which of their prospects may or may not be ready for prime time.  It isn’t out of the question that Elias could move earlier to obtain more pitching help, considering how Baltimore already has a couple of starters set to begin the season on the injured list.

Kyle Bradish emerged as the Orioles’ top hurler last year, yet his status is in question after an MRI revealed a sprain in his right UCL in February.  Bradish received a PRP injection and has been slowly building his arm up over the last five weeks, with decent progress to date but still a lot of uncertainty over when (or even if) he’ll be able to make a proper return this season.  John Means will also be sidelined for perhaps the first month of the season, as soreness in his surgically repaired elbow last October delayed Means’ offseason ramp-up work.

With two members of the projected rotation down, Burnes, Grayson Rodriguez, and Dean Kremer will be joined by Cole Irvin and Tyler Wells for the time being.  Minor league signing Julio Teheran, waiver claim Tucker Davidson, trade acquisition Jonathan Heasley or Bruce Zimmermann figure to work as the top depth options before the Orioles think about dipping into their starting pitching prospect pool (i.e. Cade Povich, Chayce McDermott, Seth Johnson).

Michael Lorenzen and James Paxton were on the team’s radar as shorter-term signing options, and Mike Clevinger remains unsigned as a potential one-year stopgap.  Beyond Baltimore’s flirtation with Nola, there wasn’t much of a sense that the Orioles were going to splurge on a big free agent arm, so Jordan Montgomery still doesn’t seem all that likely of a possibility even though Montgomery is still available as Opening Day nears.

The rotation picture could gain clarity once more is known about Bradish or Means’ recoveries, and things will look more stable if Rodriguez takes another step forward in his second MLB season.  However, the question remains — could the Orioles have done more to shore up their pitching staff?  Even with the prohibitive costs of pitching (either via signing or trade) in mind, adding Burnes but losing Bradish and Means more or less leaves the O’s in the same place rotation-wise as they were at the end of 2023.

It may be too soon to second-guess Elias’ decisions given that more moves could still be made, and that the roster on the whole still looks very capable of contending.  It is also very much worth noting that the Orioles have increased spending, as their projected payroll (as per RosterResource) of $96.8MM is still a modest total in comparison to the rest of the league yet also a big jump from Baltimore’s $60.9MM payroll on Opening Day 2023.

Perhaps the most intriguing element of the Orioles’ season is whether or not the impending ownership change could give the front office some immediate extra spending capacity.  David Rubenstein would hardly be the first new owner to want to make a splash upon buying a team, and since the billionaire’s investment group could be fully approved to buy the Orioles within even the next few weeks, Rubenstein might well be interested in giving Elias the green light to be more aggressive at the deadline.  Boosting spending to even league-average levels would create a lot of extra spending capacity for the O’s to add talent, or (perhaps more importantly) start signing some of their cornerstone young players to extensions.

Even considering the ailing health of majority owner Peter Angelos, the legal drama between members of the Angelos family, and team chairman John Angelos’ cautionary statements about spending, it still counted as a surprise when reports emerged in January that the Orioles were being sold.  This news broke just as the O’s were finalizing a new lease agreement with state and city officials about remaining at Camden Yards, and while this new lease technically only runs for the next 15 years, at least another 15 years could be added to the deal if the franchise and Maryland officials can work out (prior to December 31, 2027) a development plan for a “ballpark village” type of project around Camden Yards.

The ownership change only cements the new era that was already dawning for the team in terms of the on-field product.  Baltimore fans had to endure a lot over the Orioles’ multi-year rebuilding period, but things couldn’t look much better for the fanbase over both the long term and in the immediate future.  The O’s look like legitimate World Series contenders even with the remaining questions in the pitching staff, and some work at the deadline might patch those few remaining holes.