Offseason In Review: Houston Astros

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

Major League Signings

• LHP Josh Hader: Five years, $95MM
• C Victor Caratini: Two years, $12MM

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

Option Decisions

• RHP Héctor Neris declined $8.5MM player option in favor of $1MM buyout

Trades and Claims

• Claimed RHP Oliver Ortega off waivers from Twins
• Acquired RHP Dylan Coleman from Royals for minor league RHP Carlos Mateo
• Claimed RHP Declan Cronin off waivers from White Sox (later lost on waivers to Marlins)
• Acquired 1B Trey Cabbage from Angels for minor league RHP Carlos Espinosa

Notable Minor League Signings

• Chris Gittens, Joel Kuhnel, Brailyn Márquez, Tayler Scott, Drew Strotman, Wander Suero

Extensions

• Signed 2B Jose Altuve to five-year, $125MM deal covering 2025-29 seasons

Notable Losses

• Michael Brantley (retired), Martín Maldonado, Phil Maton, Neris, Ryne Stanek

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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