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Archives for 2024

Ha-Seong Kim Declines Mutual Option With Padres; Wandy Peralta Declines Opt-Out

By Darragh McDonald | November 2, 2024 at 12:40pm CDT

Padres shortstop Ha-Seong Kim declined his end of an $8MM mutual option for the 2025 season, and he’ll now take a $2MM buyout and enter free agency, The Athletic’s Dennis Lin reports (X link).  Left-hander Wandy Peralta will be staying in San Diego for at least one more season, as Peralta will pass on his opt-out clause and remain in the four-year, $16.5MM deal he signed with the Padres last winter.

Neither decision registers as a surprise. Kim has hit .250/.336/.385 over the past three years for a wRC+ of 106, indicating he has been 6% above league average at the plate in that time. He also stole 72 bases in that stretch and provided above-average defense at shortstop, second base and third base.

His situation is a bit complicated by the fact that he underwent right labrum surgery not too long ago. His return timetable is a bit unclear but it has been suggested he is likely to miss at least part of the start of the 2025 season.

Even with that injury situation, it’s understandable that he would walk away from his mutual option at a net $6MM price point. Players coming back from injury can often still have notable earning power. Michael Conforto secured a two-year, $36MM deal from the Giants after missing an entire season. Rhys Hoskins got two years and $34MM from the Brewers after his own missed campaign. Both players had the ability to opt out after one season, though neither eventually did so.

The situations aren’t entirely analogous. Both Conforto and Hoskins were expected to be healthy in the first seasons of their deals, which won’t be the case with Kim. Perhaps that puts his earning power a bit below those two, but it still makes it sensible for him to turn down his option today. Whether he can get a two-year deal with an opt-out or a more straightforward one-year pillow deal, he should be able to get past the $6MM he’s leaving on the table today.

For the Padres, they will now have to figure out what to do at shortstop. When Kim was hurt late in the year, they moved Xander Bogaerts from second to short. It’s unclear whether they would want to do that for the long term as they just decided a year ago to have Bogaerts take on the less-demanding second base spot. Jackson Merrill came up as a shortstop before getting moved to center field for 2024. He could switch back but performed so well in center that the club might decide to keep him there.

The free agent market is headlined by Willy Adames but the Padres have some payroll limitations and probably aren’t the most logical landing spot for him. The trade market could feature Bo Bichette but it’s unclear if the Blue Jays will make him available.

As for Peralta, he signed with the Padres last winter on a four-year deal with a $16.5MM guarantee and opt-outs after each season. He went on to have a pretty mediocre season, despite a respectable 3.99 earned run average. His 52.9% ground ball rate was still above league average but his worst in a full season since 2019. His strikeout rate fell to 13.6% this year after being in the 18-23% range in the previous five years.

It it weren’t for a fairly low .233 batting average on balls in play, he would have allowed more runs to score. His 5.46 FIP and 4.57 SIERA disagree on how bad things were under the hood but both suggest the ERA is misleading. After that performance, he’ll stick with the Padres and hope for a better season, with the chance of returning to free agency again a year from now.

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Newsstand San Diego Padres Transactions Ha-Seong Kim Wandy Peralta

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Rockies Acquire Owen Miller From Brewers

By Mark Polishuk | November 2, 2024 at 12:38pm CDT

The Rockies acquired utilityman Owen Miller from the Brewers for cash considerations, Curt Hogg of the Milwaukee Journal Sentinel reports (X link).

Miller is a veteran of four MLB seasons, playing with Cleveland in 2021-22 and then with Milwaukee for the last two seasons.  After playing in 280 games across his first three seasons, he had only 14 games in the Show in 2024, with a .407 OPS to show from 27 plate appearances.  The Brewers designated him for assignment and then outrighted Miller off the 40-man roster back in July.

With only a .239/.287/.345 slash line to show for his 1015 career PA in the big leagues, Miller’s defensive versatility has been far more of a calling card than his bat.  Miller has made at least one appearance at every position except catcher and center field, though the large bulk of his playing time has come at first and second base.

Miller is now out of minor league options, thus limiting his usefulness to the Brewers and perhaps to the Rockies or other teams going forward as he vies to remain on a Major League roster.  There’s no risk for Colorado in acquiring a veteran depth piece who can help at multiple positions, especially if Brendan Rodgers is traded and the Rox have an increased need in the infield.

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Colorado Rockies Milwaukee Brewers Transactions Owen Miller

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Brewers Place Colin Rea On Waivers

By Steve Adams | November 2, 2024 at 12:21pm CDT

The Brewers have placed right-hander Colin Rea on waivers, MLBTR has learned. He’s available for any club to claim. Rea has a $5.5MM club option for the upcoming season with a $1MM buyout.

It’s a surprising move, given the affordable nature of Rea’s option and the solid work he’s given to them over the past two seasons. The veteran righty has given Milwaukee 292 1/3 innings of 4.40 ERA ball since 2023, taking the ball 58 times and starting 49 games. Rea hasn’t been a top-of-the-rotation arm but has been a stabilizing presence amid myriad injuries and considerable turnover in the Brewers’ rotation. He’d have become a free agent if Milwaukee declined his buyout, but they’ll instead make a rather glaring cost-cutting move of waiving him to try to save that $1MM buyout in the event that another team claims him.

Any team in need of rotation help or perhaps an affordable swingman will now have the opportunity to claim Rea at the $5.5MM price point of his 2025 option. If he goes unclaimed, Milwaukee will seemingly pay that $1MM buyout, at which point Rea will become a free agent who’s able to sign with any club.

Given that he’s coming off a season that saw him pitch 167 2/3 innings with a 4.29 ERA, 18.9% strikeout rate and 6% walk rate, Rea should hold appeal to clubs seeking help at the back of the rotation — particularly lower-payroll clubs that have doubts over their ability to buy a comparable arm in free agency. One way or another, Rea will likely land on his feet, but it’s a tough pill to swallow for the righty, as he now has no say over choosing his next destination unless he surprisingly goes unclaimed and is subsequently bought out.

As a reminder, offseason waiver priority is based on the reverse standings from the 2024 season and is not league-specific. The White Sox will have first crack at claiming Rea, followed by the Rockies, Marlins, Angels, A’s, etc.

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Milwaukee Brewers Transactions Colin Rea

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Wilmer Flores Exercises Player Option To Remain With Giants

By Mark Polishuk | November 2, 2024 at 12:18pm CDT

Wilmer Flores has exercised his $3.5MM player option for the 2025 season, the Giants announced.  Flores signed a three-year, $16.5MM extension with the Giants in September 2022 that allowed him to opt out of the 2025 season, and the club would’ve then had an $8.5MM club option to decide on if Flores did opt out.

Of course, this all became a moot point due to an injury-marred 2024 season for the veteran infielder.  Flores was bothered by knee problems all year, resulting in a pair of trips to the injured list and a season-ending Tenex procedure in early August.  Flores concluded his 12th Major League season with an ugly .206/.277/.318 slash line over 242 plate appearances, and a sub-replacement level -0.7 fWAR in 71 games.

It made Flores’ decision to exercise his option a pretty easy call, and the $3.5MM salary is low enough that it wouldn’t be a surprise if San Francisco chose to move on from the 33-year-old entirely in the form of a release.  A trade also isn’t out of the question if another team views Flores as a bounce-back candidate, or the Giants themselves might see Flores as a useful player to keep around if they feel he’ll return to form when healthy.

After all, it was just a season ago that Flores hit .284/.355/.509 with 23 homers for San Francisco during 454 PA during the 2023 campaign.  Flores’ ability to play first, second, and third base and his traditionally strong numbers against left-handed pitching made him a valuable member of the Giants’ platoon mix prior to this past season.  The Giants have been rumored to be in the mix for a bigger upgrade at first base, but if such help isn’t acquired, the team could fall back on a Flores/LaMonte Wade Jr. platoon at the cold corner.

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San Francisco Giants Transactions Wilmer Flores

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Brewers To Exercise Club Option On Freddy Peralta

By Steve Adams | November 2, 2024 at 12:15pm CDT

The Brewers will exercise their $8MM club option on right-hander Freddy Peralta, tweets Jon Heyman of the New York Post. He’ll be back in 2025, and his contract contains another $8MM option for the 2026 season.

One of the most obvious calls in this offseason’s entire slate of option decisions, Peralta’s future was never in doubt. The 28-year-old righty has been a fixture in Milwaukee’s rotation since 2021 and has logged a sub-4.00 ERA in four straight seasons now. His 2024 campaign included a career-high 173 2/3 innings, during which time Peralta pitched to a 3.68 ERA with a 27.6% strikeout rate and a 9.4% walk rate.

Peralta will return in 2025 as one of Milwaukee’s top starters. He’ll be joined in the rotation by a returning Brandon Woodruff, who missed 2024 following last year’s shoulder surgery. Aaron Civale is controllable for one final season but stands as a viable trade candidate. The Brewers also hold an affordable 2025 option on righty Colin Rea, and breakout right-hander Tobias Myers will be back next season as well. Lefties Aaron Ashby and DL Hall are both in the mix for rotation work as well.

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Milwaukee Brewers Transactions Freddy Peralta

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D’Backs Exercise Option On Kelly, Decline Option On McGough; Pederson Declines Mutual Option

By Mark Polishuk | November 2, 2024 at 12:10pm CDT

The Diamondbacks will be exercising their $7MM club option on Merrill Kelly for the 2025 season, according to Nick Piecoro of the Arizona Republic.  The team will also be declining their end of a $4MM mutual option on right-hander Scott McGough, as McGough will head into free agency with a $750K buyout.  He’ll be joined by Joc Pederson, who took a $3MM buyout after declining his end of a $14MM mutual option for the 2025 campaign.

All three decisions were expected, even with Kelly missing over half of the season due to a teres major strain.  The right-hander was limited to 73 2/3 innings over 13 starts, with a 4.03 ERA and some pretty unimpressive Statcast numbers, save for a solid 6.3% walk rate.

Assuming good health for Kelly next year, however, the $6MM decision (there was a $1MM buyout attached) was still an easy one for Arizona to make, given how well he has generally pitched over his six seasons in a Diamondbacks uniform.  Kelly didn’t make his MLB debut until age 30, after the D’Backs signed him to return to North America after a successful four-season run in the KBO League.  Over the course of two separate contracts with Arizona, Kelly has now earned $37.5MM over a seven-year span since returning from South Korea.

The D’Backs were hoping for more reclamation success when they signed McGough to a two-year, $6.25MM deal in the 2022-23 offseason, as McGough had pitched well over four seasons with the Yakult Swallows of Nippon Professional Baseball.  Unfortunately, McGough posted a 4.73 ERA in 70 1/3 innings out of Arizona’s bullpen in 2023, and then a 7.44 ERA in 32 2/3 frames this season.  The right-hander’s home run and walk rates were constant issues, while McGough’s strikeout rate also plummeted from 28.6% in 2023 to just 16.7% this season.

Pederson almost exclusively faced right-handed pitching this season, and was utilized only as a designated hitter.  Albeit within this limited scope, Pederson enjoyed a monster year, hitting .275/.393/.515 with 23 homers over 449 plate appearances.  Among all position-player free agents, only six posted a higher fWAR than Pederson’s 3.0 mark in 2024, and only Juan Soto had a higher wRC+ than Pederson’s 151.

While Pederson resisted being a full-time platoon player or DH earlier in his career, embracing his specialist role has obvious upside, and could lead to another nice payday as he enters his age-33 season.  No shortage of teams could use Pederson’s power, and a return to the D’Backs is certainly a possibility given how well the veteran slugger performed in his first season in Arizona.  Randal Grichuk also declined his end of a mutual option, leaving the Diamondbacks without both pieces of their unofficial lefty-righty platoon.  Depending on the asking prices, the D’Backs could perhaps look to re-sign one of Pederson or Grichuk, and then look another complementary bat to fill the other side of the virtual platoon.

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Arizona Diamondbacks Transactions Joc Pederson Merrill Kelly Scott McGough

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Cubs Decline Option On Drew Smyly

By Steve Adams | November 2, 2024 at 11:55am CDT

The Cubs have declined their end of a $10MM mutual option on left-hander Drew Smyly, reports Jon Heyman of the New York Post. He’ll be paid a $2.5MM buyout and return to the free agent market.

Smyly, 35, pitched to a 3.84 ERA in 58 2/3 innings over 50 relief appearances with the Cubs this past season, but that solid earned run average was accompanied by more worrying rate stats. The southpaw’s strikeout rate dipped to 21.8% while his walk rate spiked to a 9.7% mark that stands as the second-worst of his career. He also yielded an average of 1.53 homers per nine innings pitched and surrendered his highest hard-hit rate (38.2%) and average exit velocity (89.2 mph) since 2020. His 11.3% swinging-strike rate was his lowest since 2019.

When the Cubs signed Smyly, they did so with an eye toward a potential rotation spot. He indeed started 23 games for them in 2023, the first season of his two-year $19MM pact, but he didn’t make a single appearance out of the rotation in 2024. Chicago’s rotation mix includes Justin Steele, Shota Imanaga, Jameson Taillon, Javier Assad, Ben Brown, Hayden Wesneski and Jordan Wicks, with promising prospect Cade Horton on the horizon. Allocating $10MM to a swingman coming off diminished strikeout/walk rates and with ongoing home run issues wasn’t something on which the team was keen, clearly.

Be that as it may, Smyly should find another big league deal in free agency. He has extensive experience both as a starter and reliever, so a club with some uncertainty in the fourth or fifth spot of the rotation could look to Smyly as an affordable early-season rotation piece who could move to the ’pen if younger arms force the issue. Other teams might simply view Smyly as an intriguing option in a market light on quality left-handed relievers.

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Chicago Cubs Transactions Drew Smyly

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Orioles Decline Club Option On Eloy Jiménez

By Darragh McDonald | November 2, 2024 at 11:10am CDT

The Orioles announced that they have declined their club option on outfielder/designated hitter Eloy Jiménez. They could have retained him for 2025 with a salary of $16.5MM but will instead give him a $3MM buyout and send him to free agency. The Sox are covering half of that buyout as part of the trade that sent him to Baltimore this summer.

The decision is an unsurprising one. Jiménez has occasionally been a potent slugger but the injuries have piled up in recent years and he just wrapped up the worst season of his career. The Orioles acquired him from the White Sox at the deadline, hoping to catch lightning in a bottle with a buy-low move but it didn’t pan out. He finished the year with a .238/.289/.336 batting line and 78 wRC+.

Jiménez is one of the slower players in the league and doesn’t provide defensive value. He only spent eight innings in the field this year, none with the Orioles. Given the limited profile, he really needs to be producing at the plate in order to be useful.

That has been the case before. Through the end of 2022, he was sporting a career line of .276/.327/.504 and a 123 wRC+. He was often injured during that time but clearly a productive hitter when on the field. The Sox had given him a $43MM extension before he even made his major league debut and he seemed to be making good on that investment for a while.

In 2023, he stayed healthy enough to get into 120 games, just two shy of his career high. But the results dipped, as his .272/.317/.441 line led to a 105 wRC+. As mentioned, his performance fell even further this year. As the Sox were playing out their historically bad season this year, they flipped him to the O’s at the deadline for minor league reliever Trey McGough, covering most of the money left on the contract in order to get the deal done.

Now a free agent, some club will undoubtedly take a chance on Jiménez based on his past performance. But his poor health track record and recent struggles will limit him to a modest base salary, perhaps with incentives for him to potentially unlock if he’s able to stay healthy and return to form. He is still fairly young, turning 28 later this month, so a bounceback isn’t totally out of the question.

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Baltimore Orioles Transactions Eloy Jimenez

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Yankees Decline Club Option On Anthony Rizzo

By Mark Polishuk | November 2, 2024 at 10:48am CDT

The Yankees announced that they have declined their 2025 club option on Anthony Rizzo, and the veteran first baseman is now a free agent.  It was an $11MM decision for the team, as Rizzo will receive a $6MM buyout instead of the $17MM salary he would’ve received if the option had been exercised.

The move probably ends Rizzo’s tenure of three-plus seasons in the Bronx, which began after he was a trade deadline pickup from the Cubs in July 2021.  He hit well enough that the Yankees re-signed him to a two-year, $32MM deal that winter, and since that deal contained an opt-out clause after the first season, Rizzo parlayed that opt-out into another two-year, $40MM pact the following offseason.

Rizzo’s 2022 season was easily his best in New York, as he hit .224/.338/.480 with 32 homers over 548 plate appearances.  He was also off to a hot start in the first two months of the 2023 campaign before his career was altered by a collision at first base with Fernando Tatis Jr. on May 28, 2023.  Rizzo picked up what was deemed as a neck injury on the play and returned to action after sitting out a few games, yet he then went into a brutal slump over the next two-plus months until finally going on the IL at the start of August.  Rizzo was diagnosed with post-concussion syndrome, which naturally led to quite a bit of controversy over how Rizzo was both misdiagnosed in the first place, and why his head-related injury went seemingly unnoticed for so long.

That IL placement ended Rizzo’s 2023 season, and he returned to more bad injury luck this year when he fractured his right forearm after another awkward collision at first base in June.  Rizzo went on the 60-day injured list and didn’t return until the start of September, and he then suffered further injury when he had two fingers broken by a Ryan Borucki pitch near the end of the regular season.  The broken fingers kept Rizzo out of the Yankees’ ALDS matchup with the Royals, though he returned to hit a respectable .267/.421/.300 over 38 PA in the ALCS and World Series.

Since Opening Day 2023, Rizzo has hit only .237/.315/.358 over 796 regular-season plate appearances, over 191 of 324 games.  His translates to 0.6 fWAR and a below-average 91 wRC+, and since Rizzo turned 35 last August, it made for a pretty easy call for the Yankees in declining the option.

The health question is clearly paramount for Rizzo as he returns to the open market, as possible suitors will surely have concerns of what Rizzo still has in the tank after 14 Major League seasons.  His track record and respected locker room presence probably means that he should be able to land some kind of big league contract for a low guaranteed salary, if likely as a platoon bat rather than a regular at first base.  A return to the Yankees at a lower salary seems possible, but the likelier scenario is that New York either fortifies the lineup with a bigger bat at first base, or perhaps rotates DJ LeMahieu and others through the position.

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New York Yankees Newsstand Transactions Anthony Rizzo

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Sean Manaea To Opt Out Of Mets Contract

By Steve Adams | November 2, 2024 at 10:45am CDT

Left-hander Sean Manaea is planning to opt out of the second year of his contract with the Mets, MLB.com’s Anthony DiComo writes (X link). Manaea signed a two-year, $28MM free agent deal with New York last winter that contained the player option for the 2025 season, and he’ll now leave $13.5MM on the table in search of a longer and more lucrative guarantee this offseason. He’s a virtual lock to receive a $21.05MM qualifying offer but is overwhelmingly likely to decline that in his pursuit of a longer-term pact.

Manaea’s decision comes as little surprise. The two-year pact he inked in Queens came in his second free agency foray. Since first reaching the open market on the heels of the 2022 season, he’s signed a pair of two-year contracts with opt-outs after year one, showing willingness to bet on himself and the confidence that he’ll eventually land a longer-term contract. Given the strength of his 2024 campaign, he’s now likely to find a guarantee of at least three years in free agency.

Entering the 2024 season, Manaea was viewed as something of a veteran stabilizer for the Mets’ rotation. New York’s president of baseball operations, David Stearns, made a series of short-term acquisitions in the rotation — Luis Severino also inked a one-year deal, and Adrian Houser was acquired from the Brewers — in an effort to patch things over in what most expected to be a transitional year for the Mets. Instead, the Amazins romped through the season’s final four months as the sport’s hottest team and rode that momentum all the way to the NLCS.

Manaea’s success was a huge part of that run. The 6’5″, 245-pound southpaw pitched a career-high 181 2/3 innings in the regular season and worked to a sharp 3.47 ERA. He fanned one quarter of his opponents, issued walks at a solid 8.5% clip and deftly avoided home runs (1.04 HR/9). Solid as the year-long numbers were, it was the second half where Manaea truly took off. Manaea altered his throwing motion midseason — closely resembling the delivery of likely NL Cy Young winner Chris Sale — and at the suggestion of pitching coach Jeremy Hefner began a unique pregame workout wherein he throws to the opposite mound in the bullpen while warming (X link, with video, via Steve Gelbs of SNY).

The transformation was nearly immediate. Over the final two-plus months of the year, Manaea pitched to a 3.09 ERA with an improved 28.5% strikeout rate against a 6.2% walk rate. He ditched his cutter entirely and eventually ditched his four-seamer as well, all in the name of throwing more sinkers and sliders. Opponents had averaged 89.2 mph off the bat against him prior to the changes and posted a 40.8% hard-hit rate, per Statcast. Down the stretch, those numbers plummeted to 87.5 mph and 32.4%, respectively. Manaea’s excellence carried on through three postseason starts, but he finally ran into a wall in the Mets’ final game of the year, surrendering five runs in just two innings in the decisive Game 6 loss to the eventual World Champion Dodgers.

In free agency, Manaea will market not only a career-high workload (200-plus innings, including the postseason) but also newly altered mechanics and a tweaked repertoire that led to his late-season surge. He’ll turn 33 in February, which will make anything longer than a four-year deal extraordinarily unlikely, but a three- or four-year pact at a strong annual value should be on the table. The Mets are in the market for multiple starting pitchers and will surely have interest in retaining the big lefty, but Manaea will command interest from a broad range of suitors. He’s one of the top starters on the market this time around, but his age will prevent him from landing the type of long-term deal from which many clubs shy away.

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New York Mets Newsstand Transactions Sean Manaea

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