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Offseason In Review: Tampa Bay Rays

By Anthony Franco | March 23, 2024 at 7:30am CDT

The Rays typically make at least one significant trade that sends out a veteran player to reduce spending and acquire controllable talent. Tampa Bay did that again in a major deal with the Dodgers, but it was otherwise a relatively quiet winter at the Trop.

Major League Signings

  • RHP Phil Maton: One year, $6.5MM (including buyout of 2025 club option)
  • SS Amed Rosario: One year, $1.5MM
  • RHP Chris Devenski: One year, $1.1MM (including buyout of 2025 club option)

2024 spending: $8.75MM
Total spending: $9.1MM

Option Decisions

  • None

Trades and Claims

  • Traded minor league C Blake Hunt to Mariners for minor league C Tatem Levins
  • Traded minor league RHP Michael Mercado to Phillies for minor league RHP Adam Leverett
  • Claimed LHP Tyler Alexander off waivers from Tigers
  • Traded RHP Calvin Faucher and 2B Vidal Bruján to Marlins for minor league INF Erick Lara, minor league RHP Andrew Lindsey and a player to be named later (announced as minor league OF Jake Mangum)
  • Traded RHP Tyler Glasnow, CF Manuel Margot and $4MM to Dodgers for RHP Ryan Pepiot and LF Jonny DeLuca
  • Acquired SS José Caballero from Mariners for RF Luke Raley
  • Acquired LF Richie Palacios from Cardinals for RHP Andrew Kittredge
  • Traded CF Greg Jones to Rockies for minor league LHP Joe Rock

Notable Minor League Signings

  • Garrett Acton (two-year deal), Rob Brantly, Yu Chang, Alex Jackson, Francisco Mejía, Jake Odorizzi, Erasmo Ramírez, Burch Smith, Edwin Uceta, Naoyuki Uwasawa, Jacob Waguespack (later selected to 40-man roster)

Extensions

  • Signed LHP Shane McClanahan to two-year, $7.2MM deal to avoid arbitration (remains eligible for arbitration through 2027)

Notable Losses

  • Jalen Beeks (lost on waivers), Christian Bethancourt (lost on waivers), Bruján, Cooper Criswell (non-tendered), Jake Diekman, Faucher, Josh Fleming (lost on waivers), Glasnow, Tristan Gray, Kittredge, Margot, Raley, Robert Stephenson, Cole Sulser, Raimel Tapia

It’s a near annual tradition that the Rays face two big questions going into each offseason. How will they keep their spending in check, and will they lose anyone from a key leadership position on the coaching staff or in the front office?

This winter, the seemingly inevitable front office departure came first. General manager Peter Bendix, who had worked as Erik Neander’s top lieutenant in baseball operations, left the organization to serve as president of baseball ops for the Marlins. The Rays didn’t immediately name a new #2 executive, instead divvying up Bendix’s former responsibilities among assistant GMs Will Cousins, Chanda Lawdermilk, Carlos Rodriguez and Kevin Ibach (the latter of whom was promoted to that role in January).

While the Rays lost Bendix, they’ve solidified their main leadership duo of Neander and manager Kevin Cash. Each signed contract extensions in February that run at least beyond the 2028 season. Terry Francona’s retirement means Cash is now the longest-tenured manager in MLB as he enters his tenth year at the helm. Neander has been at or near the top of baseball operations for even longer, as he’d taken on a lead role in the front office around Andrew Friedman’s departure in October 2014.

Neander and his staff entered the winter with a slate of payroll commitments that seemed lofty by organizational standards. They had just shy of $77MM in guaranteed contracts and an arbitration class projected for upwards of $45MM. A few obvious cuts (e.g. Raimel Tapia, Jalen Beeks, Josh Fleming, Cole Sulser and Christian Bethancourt) reduced the arbitration outlay, but it seemed as if the Rays would again need to turn to the trade market to cut spending. Tampa Bay had opened the 2023 season with around $73MM in player commitments. Even with that number going up, ownership was never going to be comfortable matching the payroll projection from the beginning of the offseason.

Tyler Glasnow was set for a $25MM salary that would’ve been the largest in franchise history, thus making him the most apparent trade candidate. Yet, that was complicated by Glasnow’s strong relationship with Rays’ higher-ups and, more meaningfully, an uncharacteristically thin rotation mix. Tampa Bay lost Shane McClanahan and Jeffrey Springs to Tommy John surgeries last season. Drew Rasmussen underwent a flexor repair and will miss a good portion of 2024.

Aside from Glasnow, the Rays were down to Zach Eflin and ’23 deadline pickup Aaron Civale as their only healthy, proven big league starters. Taj Bradley is a recent top prospect but struggled to a 5.59 ERA over 23 appearances as a rookie. Zack Littell had shown signs of becoming the Rays’ next successful reliever-to-starter conversion, yet that only really kicked into gear in the final two months of last season. Shane Baz would face workload restrictions in his first season back from a 2022 Tommy John procedure. Eflin and Civale, while currently healthy, have had injury concerns in the past.

That presumably made a Glasnow trade difficult even for a front office accustomed to making those kinds of tough decisions. Ultimately, it proved the clearest way for Tampa Bay to get their payroll closer to a typical level while bringing back two controllable MLB players. The Rays and Dodgers agreed to a deal sending Glasnow and veteran outfielder Manuel Margot (who was set for a $10MM salary in the final year of his contract) to L.A. for righty Ryan Pepiot and outfielder Jonny DeLuca.

Neither Pepiot nor DeLuca have reached arbitration. Pepiot is under club control for five seasons, while the Rays control DeLuca for six years. Tampa Bay kicked in $2MM on Margot’s salary and agreed to pay the $2MM buyout on his 2025 mutual option. The deal saved them around $33MM this year. Glasnow agreed to a four-year extension with the Dodgers as a condition of the trade. (Los Angeles later flipped Margot to the Twins in February.)

Pepiot won’t match Glasnow’s ace-level ceiling, but he’ll step directly into the rotation. The Butler product owns a 2.76 ERA over 17 MLB appearances. He’s regarded as a potential mid-rotation arm thanks to a mid-90s fastball and excellent changeup. Pepiot may well have established himself as a key piece of the Dodger rotation last year had he not suffered a significant oblique strain at the end of Spring Training. That kept him under 65 innings between the majors and Triple-A in 2023. The Rays may need to keep an eye on Pepiot’s workload, but he slots in behind Eflin and Civale in the starting staff.

DeLuca, meanwhile, is a replacement for Margot. They’re each right-handed hitting outfielders with good contact skills and the ability to play all three outfield positions. DeLuca only has 24 games of major league experience but is coming off a .294/.390/.566 line in the upper minors. He was on track for a fourth outfield spot before breaking his hand this spring, so he’ll likely be on the injured list until the early part of the summer.

Glasnow and Margot turned out to be the highest-profile players whom the Rays would move. There were a few rumors about other stars who are into their arbitration years, namely Randy Arozarena and Isaac Paredes.  There’s nothing to indicate the Rays ever got close to trading either.

It’s a bit surprising they didn’t deal righty-hitting DH/corner bat Harold Ramírez, who is making just under $4MM and is down to two seasons of club control. Ramírez, a good but not elite hitter with defensive limitations, is the kind of player whom the Rays typically shop as their arbitration prices climb. The Athletic’s Ken Rosenthal reported in January that Tampa Bay had floated him on the trade market, but they apparently didn’t find an offer to their liking. Barring a surprise move in the next five days, he’ll open the season as their top option at DH.

While they didn’t trade Ramírez, the Rays did flip one player from their corner outfield mix. Tampa Bay sent Luke Raley to the Mariners in a one-for-one swap to bring in versatile infielder José Caballero. Raley has yet to reach arbitration so this deal didn’t have anything to do with the payroll, but Tampa Bay added some roster balance in swapping offense for a more valuable defensive player.

Caballero appeared in 104 games for Seattle as a rookie. While he hit a modest .221/.343/.320 over 280 plate appearances, he stole 26 bases and rated as a plus defender at second base. Seattle didn’t have much shortstop time to offer him thanks to the presence of J.P. Crawford. The Rays have already declared Caballero their expected starter at short, forming a middle infield tandem with Brandon Lowe. Defensive stalwart Taylor Walls will begin the year on the IL as he works back from last fall’s hip surgery.

(The Rays still haven’t provided any update on Wander Franco. MLB and the team are awaiting results of a criminal investigation in the Dominican Republic after multiple minors accused Franco of sexual abuse. He remains on the roster but will very likely be placed back on administrative leave once the regular season begins.)

On the same day as the Caballero trade, the Rays partially back-filled the outfield depth lost by dealing Raley when the team Bay acquired lefty-hitting Richie Palacios from the Cardinals for reliever Andrew Kittredge. Palacios was available in a DFA trade as recently as last June but turned some heads with a .258/.307/.516 showing in 32 games for St. Louis late last year. His major league track record is limited, but Palacios has posted an excellent strikeout and walk profile in the upper minors. He has hit well this spring and could break camp, although a remaining minor league option affords the front office roster flexibility. Neither Caballero nor Palacios has reached a full year of service time. They’re both controllable for at least six seasons.

The rest of Tampa Bay’s trades were relatively minor, as they moved on from a pair of former top prospects who haven’t clicked. The Rays shipped Vidal Bruján alongside reliever Calvin Faucher to the Marlins for a trio of minor leaguers in November. They made a similar move just yesterday, sending speedster Greg Jones to the Rockies for non-roster southpaw Joe Rock. Tampa Bay also dealt Blake Hunt and Michael Mercado (to the Mariners and Phillies, respectively) after determining they weren’t going to add them to the 40-man roster to prevent them from reaching minor league free agency.

While most of the Rays’ roster maneuvering always comes via trade, they did make a trio of low-cost free agent pickups. The Rays brought back swingman Chris Devenski on a $1.1MM deal with a club option early in the offseason. That was their only major league free agent acquisition until February, when they jumped on a pair of players whose prices came in south of expectations.

Reliever Phil Maton inked a one-year, $6.5MM pact that includes a team option for 2025. He generates plenty of whiffs and soft contact behind a high-spin curveball that enables his 89 MPH fastball to play beyond its velocity as his “secondary” pitch. Maton doesn’t have the traditional power arsenal that gets relievers paid in free agency, yet he’s coming off a career-low 3.00 ERA and has run above-average strikeout rates in four straight years. The Rays’ preference for building a bullpen comprising pitchers with varying arm angles and repertoires has been well-chronicled in recent seasons. More often than not, it works.

While it was a little surprising that Maton couldn’t secure a two-year pact, the Rays’ other February free agent signing was very unexpected. Amed Rosario isn’t coming off a good season, but few would’ve anticipated he’d settle for a $1.5MM guarantee. He’d been a durable and roughly league average performer for Cleveland in 2021-22 before his defensive grades tumbled last year.

Rosario reportedly turned down a $4MM offer from the Yankees because the Rays presented a clearer path to everyday reps at shortstop. That might be the case throughout the season given Caballero’s inexperience, although Cash stated after the Rosario signing that the latter would begin the year in a multi-positional role off the bench.

That rounds out the MLB position player mix for now, although there’s at least one move coming before Opening Day. After placing Bethancourt on waivers, the Rays dropped to one catcher on the 40-man roster. They’ve stuck with that arrangement throughout the offseason. René Pinto is their clear #1 option after hitting six homers in 39 games. The Rays will obviously need to make another move to add a backup.

For now, it seems that minor league signee Alex Jackson, who has played all of five MLB games in the last two seasons, is the favorite to grab that job. That’s despite a .143/.194/.179 batting line this spring. Jackson’s longstanding strikeout troubles at least open the door for old friend Francisco Mejía, who returned on a non-roster pact after being released from a minor league deal with the Angels. There’s clear room for an upgrade from outside the organization. The Rays should evaluate the catching market as veterans opt out of minor league deals over the next few days. Former top prospect Joey Bart has long stood as a speculative trade possibility, as he’s out of options and has been kicked down the depth chart with the Giants.

Caballero, Lowe and Rosario should see the bulk of the work in the middle infield. Paredes is back at third base, while Yandy Díaz is in line for the majority of the first base reps. Curtis Mead could play a bat-first role throughout the infield. That would’ve also been the case for Jonathan Aranda, but he broke his finger this week and is headed to the IL. Top third base prospect Junior Caminero looms in the upper minors but will begin the season in Triple-A.

Arozarena is back as one of the game’s best left fielders. Jose Siri will get the bulk of the playing time in center field. Josh Lowe should be the starter in right field when healthy, but he’s also going to begin the year on the shelf rehabbing an oblique issue. That could open right field reps for Ramírez or Palacios. The DeLuca injury could create a bench spot for Jake Mangum, who has impressed this spring. A college standout at Mississippi State, the 28-year-old Mangum was the third piece in the return from the Marlins for Bruján and Faucher. He’s a potential fifth outfielder.

There’s a fair bit of position player talent, as is customary for an organization that annually runs a strong prospect pipeline. The aforementioned lack of rotation depth is probably the biggest question mark. A pectoral strain is sending Bradley to the IL. There’s an opening for the #5 starter behind Eflin, Civale, Pepiot and Littell. The Rays are stretching Devenski and waiver claim Tyler Alexander out as multi-inning options who could contribute as abbreviated starters. They brought back Jake Odorizzi and added former NPB righty Naoyuki Uwasawa on minor league deals.

Any of Devenski, Alexander or even Odorizzi could also find themselves in the bullpen. Minor league signee Jacob Waguespack has already earned a 40-man roster spot, putting him in a good spot to secure a middle relief role. They’ll need a few other arms to bridge the gap between the rotation and the likes of Maton, Pete Fairbanks and Jason Adam in the late innings.

Cot’s Baseball Contracts projects the Rays to enter the season with a $98.4MM player payroll. That’s both easily a franchise high and firmly in the bottom third of the league. They face their ever-present challenge of going against bigger spenders in the Yankees, Blue Jays and Red Sox, as well as a Baltimore team awash in young talent that chased the Rays down to win the AL East a year ago. The division is always an uphill battle, but the Rays typically find ways to overcome it.

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2023-24 Offseason In Review MLBTR Originals Tampa Bay Rays

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View Comments (26)
Post a Comment

26 Comments

  1. RandorBierd

    1 year ago

    Leave Tampa and deal with the consequences later. The amount of revenue generated by heading to a new locale will more than make up for any litigation which will take years to hash out and will get paid down in installments anyway.

    2
    Reply
    • Jobu's Rum

      1 year ago

      The Rays already have a new stadium deal in place in St. Pete slated to open in 2028. A team can’t just decide to pick up and leave and go anywhere they wish with other teams’ territorial rights inovlved. Relocating, even if you have the necessary financing, requires the approval votes of all other 29 teams and the commissioner’s office.

      5
      Reply
      • Big whiffa

        1 year ago

        I live in Louisville KY and I’m going to catch a game there when it opens. I’m intrigued to see it !

        Reply
      • briar-patch thatcher

        1 year ago

        The stadium deal is NOT complete. I don’t know where you guys get your information from. The council members are formally voting on the decision in May, and three out of the 6 are leaning ‘No’. If it becomes a tie, they don’t break ground like they have to by the end of this year and they Rays will be leaving after 2027.

        Reply
        • Jobu's Rum

          1 year ago

          Are you referring to this?

          google.com/amp/s/www.tampabay.com/news/st-petersbu…

          Appears like a few council members need some answers.

          Reply
        • Rays in the Bay

          1 year ago

          It will almost certainly be complete. This is just posturing from the city to get the Rays to commit a little more money to the project. But overall, there is little worry that this deal will be completed one way or another. Moving the team would cost Stu MORE money and we know Stu doesn’t like spending (and really doesn’t care about baseball or winning or attendance).

          1
          Reply
      • RandorBierd

        1 year ago

        Territorial rights are nothing more than a nonsensical method of ripping off fans and driving younger fans away from the game. Nothing like this exists in non-American soccer with multiple teams co-existing in any given city and there being plenty of fans and money to go around for everyone.

        1
        Reply
    • NYCityRiddler

      1 year ago

      Over 30% of the maroons on here gave them an A or a B! When you check into the Enchanted Kingdom these days they must automatically sign you up for a subscription to MLBTR. Ahahaha!

      Reply
      • SanchezRevival

        1 year ago

        What exactly is a ‘maroon?’

        Reply
        • Big whiffa

          1 year ago

          Some sort of queer cookie I think

          Reply
  2. Motor City Beach Bum

    1 year ago

    The Ray’s should have most of their injured starters back next year (McClanahan, Springs, Rasmussen). That arguably gives them the best rotation in baseball when you add Pepiot, Eflin, Bradley and Civale in) . This year though their starters just are not good enough. Maybe they should hit the reset button this year?

    Ship Arozarena and Paredes to the Tigers. Get back Jung (2b or 3b replacement) and a good handful of minor league talent for them. The Tigers have LOTS of pitching at all levels but some good looking hitters at all levels as well. They were ranked the #5 minor league system. Two big young bats suddenly makes the Tigers way more dangerous in the playoffs this year and moving forward so it should be attractive to them. Tampa saves $$$ and resets for 2025.

    Reply
    • Liberalsteve

      1 year ago

      Glad you aren’t Scott Harris. Tigers don’t need to do those silly trades anymore:
      C-Rogers
      1b-Tork
      2b-Keith
      ss-Mcgongle
      3b-Jung
      OF/DH-Carpenter,Greene,Meadows,Malloy. with clark waiting in wings

      Amazing near future team

      Reply
      • Motor City Beach Bum

        1 year ago

        Liberalsteve…I agree they have lots of talent in the pipeline and I’m a fan of all those players, although I don’t see Rogers as a long term solution at catcher and they say McGonigle will end up at 2B meaning adding a young SS and catcher wouldn’t be a bad thing for the future. Arozarena and Paredes are young though and fit in with the Tigers competitive timeline without really blocking anyone (if some of those “anyone’s” like Jung were sent back the other way). I’m not one of those fans screaming to try and sign every free agent out there who is a round peg in a square hole. To me these two would fit in the Tigers lineup long term. Having said that we both know there is almost zero chance that Harris or Tampa for that matter does this. I like what Harris is doing. IF he did this though I certainly wouldn’t complain as it addresses tbe issue of offence in one fell swoop. Just as long as the return didn’t include Jobe, Clark or Keith.

        Reply
    • Big whiffa

      1 year ago

      I think the tigers should be all over that ! Arozarena immediately becomes their most dangerous hitter and paredes is coming off quite an impressive season. Tigers lineup is dookie imo; this trade would fix that

      1
      Reply
  3. SweetBabyRayKingsThickThighs

    1 year ago

    Solid 94 win team

    Reply
    • Big whiffa

      1 year ago

      Wiffed on that one thick thighs ! This team fell apart last year, then was dismantled this offseason, and now is injury ridden again prior to season. Prob closer to 74.

      1
      Reply
      • kc38

        1 year ago

        Dismantled? That’s a strange way to say they traded 2 guys. This team is much deeper than last years and with most of the pitching staff coming back later in the season they will perform better as well. This team is better than last years

        Reply
      • Rays in the Bay

        1 year ago

        Nahh. I think it’s at least an 85 win team. They’ll regress from last year but not be totally garbage either

        Reply
  4. cbrookhouzen

    1 year ago

    The Rays are the best run organization in baseball and a machine that other franchises are trying to copy.

    4
    Reply
    • Big whiffa

      1 year ago

      Even with the lack of titles, I do not disagree. But even the best have rebuilding seasons

      2
      Reply
  5. dbacksrs

    1 year ago

    Greg Jones hasn’t played a game in the Big since 2007 and he was a pitcher back then. Good luck to him in what would be one remarkable comeback story.

    Reply
  6. sascoach2003

    1 year ago

    Rays sent Mejia, Brantly, Uwasawa, Record, Smith, and Mangum to Durham yesterday. Hoping that Brantly will be back once Jackson completes his free fall. He seems to be better with the staff.

    Reply
    • mlb1225

      1 year ago

      Uwasawa has an opt out, so he may become a free agent again.

      Reply
    • Rays in the Bay

      1 year ago

      I don’t think he is since he specifically chose the Rays. I think both he and the Rays decided to get him some practice in the minors before calling him up.

      Reply
  7. solaris602

    1 year ago

    Pepiot was on the IL for 5 months last year with that oblique strain which must have been the worst of its kind in professional sports history. I hope he succeeds with TB if they can figure out a way to keep him on the field.

    Reply
  8. MLBTR needs to hire editors

    1 year ago

    “Meanwhile” has to come at the start of the sentence—it can’t come in the middle, separated by two commas.

    Reply

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