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Emilio Pagan Exercises Player Option With Reds

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The Reds announced that right-hander Emilio Pagan has exercised his $8MM player option for the 2025 season.  Pagan inked a two-year, $16MM contract with Cincinnati last winter that included an opt-out clause after the first season, and the reliever has chosen to forego a $250K buyout and a return trip to free agency.

There wasn’t much suspense in Pagan’s decision, as he missed just short of three months of the 2024 season due to a lat strain.  The injury limited to Pagan to 38 innings in as many appearances, marking the lowest career total in either category for Pagan during any of his seven regulation-length MLB seasons (Pagan tossed 22 innings in 22 games during the pandemic-shortened 2020 campaign).

Pagan’s first season in Cincinnati saw him post a 4.50 ERA, but a much more impressive 3.19 SIERA.  An inflated .351 BABIP undermined some solidly above-average strikeout (28.1%) and walk (7%) rates, though Pagan did allow a lot of hard contact.  Even with this favorable set of advanced metrics, it makes a lot of sense that the 33-year-old Pagan would prefer to lock in $7.75MM of extra guaranteed salary rather than test the market on the heels of what he surely views as a middling platform year.

Pagan’s bottom-line results haven’t always been consistent, though he isn’t far removed from a strong 2023 campaign (with the Twins) that helped him land that $16MM deal in the first place.  It isn’t a coincidence that Pagan’s 2023 season included by far the lowest home run rate (5.3%) of his career, as the righty has long had difficulty in keeping the ball in the park.  Those issues returned with a 12.5% homer rate in 2024, just slightly bettering his 12.8% career mark.

With Pagan returning and Brent Suter signed to a new contract, the Reds’ bullpen will have some familiar faces back, even if Buck Farmer and swingmen Nick Martinez and Jakob Junis are now all heading for free agency.  Getting Alexis Diaz back on track is surely the Reds’ top bullpen concern heading into 2025, though having Pagan stay healthy and deliver his usual type of innings-eating season will surely also help.

Dodgers Notes: Hernandez, Flaherty, Kershaw, Freeman

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Teoscar Hernandez and trade deadline pickup Jack Flaherty are heading to free agency after playing major roles in the Dodgers’ World Series triumph, and both players told reporters (including MLB.com’s Juan Toribio and SportsNet LA’s David Vassegh) that they would like to return to Los Angeles for an encore.

“My hopes are really high.  Like I’ve said before, the Dodgers are the priority, obviously,” Hernandez said.  “I’m going to do everything in my power to come back….I want us to be here.  I want us to be part of this.  I have so many good memories here.  I’ve learned a lot as a player, as a person.  It feels great to be part of this.”

“I love this city.  I never want to leave,” Flaherty told Vassegh, with the words perhaps carrying a bit of extra weight since Flaherty was born in Burbank and grew up in Los Angeles.  This doesn’t necessarily mean that Flaherty would give the Dodgers a hometown discount, though naturally playing close to home gives the Dodgers (and theoretically the Angels) an extra edge that other potential free-agent suitors can’t match.

It isn’t surprising to hear players on any team (whether world champions or not) express an open desire to re-sign with their current teams, and feelings could change as the free agent market develops.  Of course, winning a title again underlines the fact that L.A. should be a contending team for years to come, giving the Dodgers even more flexibility in picking and choosing how they’ll construct their 2025 roster.

Re-signing Hernandez would bring another big bat back into the lineup and check off the left field question mark in one fell swoop.  Though the slugger is entering his age-32 season, he is also coming off one of the best years of his nine MLB seasons, and he further showed his value with a big playoff performance.  On the flip side, Hernandez would surely reject a qualifying offer, putting the Dodgers in line for a compensatory draft pick if Hernandez signed elsewhere.  If Los Angeles wanted to give Andy Pages more playing time in left field or perhaps keep the position open for another outfielder (even a big name like Juan Soto), the Dodgers could opt to walk away from Hernandez and just view their one-year alliance as a total win for both parties.

Both Hernandez and Flaherty were looking to bounce back after shaky 2024 seasons, and Flaherty likewise answered some critics by posting a 3.17 ERA across 162 combined regular-season innings with the Tigers and Dodgers.  The right-hander’s postseason performance was a lot more inconsistent, yet Flaherty was important simply because he was a proper starting pitcher within the injury-ravaged Dodgers’ staff.  On paper, most of Los Angeles’ injured pitchers will be ready to go by Opening Day 2025, yet the team will surely look to solidify this group with at least one other starter to provide some durability as well as quality innings.

Clayton Kershaw is one of those pitchers with a murky health status, as the longtime Dodger ace is set to undergo a pair of surgeries on his left knee and toe.  Kershaw pitched only 30 regular-season innings in 2024 due to bone spurs in his toe, his recovery from a shoulder surgery from last November, and this heretofore unknown torn meniscus in his left knee.

The southpaw has already said he is planning to pitch in 2025, and reiterated to The Athletic’s Fabian Ardaya and other reporters that “I’ll be back, somehow” for an 18th season with the Dodgers.  This might not necessarily come to pass, however, just by Kershaw exercising his $10MM player option for 2025, as Kershaw might also look to work out a new contract with L.A. that would presumably give both gives some flexibility for the future.  Several of the Dodgers’ extensions in recent years have involved tacking an extra option year or two onto a shorter-term deal, so it seems quite possible the club could again explore such a contract with Kershaw.

In other Dodger news, the end of the playoffs also acts as the time when players traditionally come clean about any hidden injuries they’ve been playing through in October.  It was already known that Freddie Freeman was playing despite an ankle sprain and bone bruise, yet ESPN’s Jeff Passan writes that Freeman also suffered broken costal cartilage in his rib while taking batting practice just prior to the start of the Dodgers’ NLDS matchup with the Padres.

The first baseman still played in four of the five games in that series as well as four of the Dodgers’ six NLCS games with the Mets, though Freeman was hitting only .219/.242/.219 in his first 33 playoff plate appearances.  The four days’ off between the end of the NLCS and the start of the World Series provided Freeman with a chance to fully rest and reset, and he somewhat miraculously felt much better heading into Game 1, when he kicked off his World Series MVP performance.

Blake Snell Opts Out Of Deal With Giants

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Left-hander Blake Snell has exercised the opt-out provision in his contract and is now a free agent. Andrew Baggarly of The Athletic was among those to relay the news on X.

The news is not at all surprising. Snell was a free agent a year ago and didn’t find the contract he was seeking, despite the fact that he was coming off a Cy Young campaign in 2023.

He eventually signed with the Giants on a two-year pact with a $62MM guarantee. That came in the form of a $15MM salary and $17MM signing bonus for 2024, with a $30MM salary for 2025 if Snell stayed.

The opt-out after the first year was clearly there to give Snell a chance to take another shot at free agency if he could stay healthy and engineer another strong season in 2024.

For a while, it seemed like that wasn’t going to come to pass. Perhaps due to the fact that he didn’t sign until the middle of March and had a delayed spring training, he stumbled out of the gate in 2024 and also suffered a few injuries. At the end of June, he was on the injured list for the second time, the first one labeled as a left adductor strain and the second as a left groin strain. He had a 9.51 earned run average in the six starts he was able to make.

But he came back shortly after that and was completely dominant the rest of the way. He posted a 1.23 ERA in his final 14 starts of the year. His 10% walk rate was a tad high but he struck out 38.1% of batters faced.

Snell has had a few injury absences over the years but has continually demonstrated himself to be one of the best pitchers on the planet when on the mound. From 2018 until the present day, he has a 3.03 ERA and 32.1% strikeout rate, both of which are top ten numbers among qualified starters for that stretch. Among pitchers with at least 250 innings pitched over the past two years, only Tarik Skubal has a lower ERA than Snell’s 2.57 mark. Snell’s 32.7% strikeout rate in that time is also second best, a hair below Tyler Glasnow’s 32.8% rate.

Given that elite performance, it was widely expected that Snell would return to free agency in the hopes of a finding a more robust market this time around. He will be one of the top starting pitchers available alongside Corbin Burnes, Max Fried and Jack Flaherty. Snell is leaving $30MM on the table but should be able to blow past that with a nine-figure deal of some kind.

Giants Outright Donovan Walton

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The Giants outrighted infielder Donovan Walton off their 40-man roster, tweets Alex Pavlovic of NBC Sports Bay Area. The utilityman has multiple career outrights and has the right to elect free agency.

San Francisco called Walton up as a stopgap utility player in September. He appeared in nine games, hitting .136 with one homer. The left-handed hitter has been a depth option in San Francisco for three seasons. The Giants initially acquired Walton in a small trade with Seattle in May 2022. They’ve shuttled him through waivers and continued to bring him back on minor league contracts over that stretch.

A former 5th-round pick by the Mariners, Walton has 70 MLB appearances over parts of five seasons. He’s a .174/.227/.305 hitter over 205 career plate appearances. Walton had a nice year in Triple-A Sacramento, running a .306/.380/.441 slash with nearly as many walks as strikeouts over 99 games. He has a solid offensive track record in parts of four Triple-A campaigns. Walton can play throughout the infield and should find another minor league contract if he elects free agency.

Guardians Outright Myles Straw

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The Guardians sent outfielder Myles Straw outright to Triple-A Columbus, according to the MLB.com transaction log. Cleveland successfully ran him through waivers once the offseason got underway, removing him from the 40-man roster.

Straw was a lock to go unclaimed because of his contract. A team would’ve needed to assume the remaining $14.75MM in guaranteed money. Straw has cleared waivers twice this year. Cleveland outrighted him just before Opening Day. He spent almost the entire season in Triple-A. The Guards reselected his contract in mid-September but presumably always planned to take him back off the roster at year’s end.

Cleveland inked Straw to that deal early in the 2022 season. He’d posted a solid year in ’21, hitting .271/.349/.348 while stealing 30 bases and playing plus defense in center field. The Guardians reasoned that his speed and glove gave him a solid floor despite minimal power. His bat completely cratered over the next two seasons. Straw combined for only one home run with a .229/.296/.284 line from 2022-23. He didn’t hit in Triple-A this year, either, running a .240/.321/.329 mark against upper minors pitching.

As a player with less than five years of major league service, Straw would forfeit his contract to test free agency. He’s obviously not going to do that, so the Guards can keep him in Triple-A as a depth option. He only made seven MLB appearances this year, collecting one hit in four at-bats. He stole two bases in as many attempts.

D-Backs To Exercise Option On Eugenio Suarez

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The Diamondbacks are picking up their $15MM option on Eugenio Suárez, reports Jesse Rogers of ESPN (on X). The deal would have come with a $2MM buyout, effectively rendering it a $13MM decision.

Just a few months ago, the Diamondbacks wouldn’t have envisioned making this decision. Suárez got out to a terrible start to the season, his first in the desert after an offseason trade with the Mariners. He went into the All-Star Break with a .216/.302/.366 slash while striking out in nearly 29% of his plate appearances. Arizona considered bumping him out of the starting lineup in deference to rookie infielder Blaze Alexander.

A monster second half not only salvaged his starting job but locked in that extra $13MM. Suárez was one of the game’s hottest hitters after the Break. He mashed at a .307/.341/.602 clip with 20 homers in his final 65 games. He cut his strikeout rate by a few percentage points while running a three-month power barrage. By the end of the season, he’d pushed his numbers to a .256/.319/.469 line with 30 homers across 640 plate appearances. After accounting for the difference in his home park, that’s not far off the cumulative .234/.327/.423 showing he posted over his final two seasons in Seattle.

Suárez essentially played at the level Arizona expected, albeit in extremely streaky fashion. It would’ve been surprising for the Diamondbacks to cut him loose on the heels of that monster finish. He’s a potential offseason trade candidate, though. Bringing Suárez back blocks the clearest path to playing time for top prospect Jordan Lawlar. The Snakes have Geraldo Perdomo and Ketel Marte locked into the middle infield.

The 22-year-old Lawlar lost most of this year to injury. He only appeared in 23 minor league games and didn’t see any MLB action despite making his big league debut late in the ’23 season. Lawlar still has minor league options remaining, so the Snakes could keep him in Triple-A for another year. If they feel he’ll be ready for an extended audition early next season, shopping Suárez could allow them to reallocate salary while recouping value they wouldn’t have received if they’d bought out the option.

Option decisions on Jordan Montgomery and Suárez push Arizona’s projected payroll to roughly $137MM, as calculated by RosterResource. An easy option call to retain Merrill Kelly will add another $6MM. Arizona opened this past season with a franchise-record payroll in the $163MM range. If they’re willing to replicate that, they’ll have some leeway to replace free agents Christian Walker and Joc Pederson. Trades of Montgomery and/or Suárez could clear a good bit more money if ownership doesn’t want to match this year’s spending. They won’t find a taker for the entirety of Montgomery’s $22.5MM deal, but teams like the Yankees, Blue Jays or Astros could be willing to give up talent while taking Suárez’s salary off the books.

Image courtesy of USA TODAY Network.

Yankees Exercise Club Option On Luke Weaver

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The Yankees announced that they have exercised their club option on right-hander Luke Weaver for the 2025 season. He’ll make a $2.5MM salary in the upcoming campaign.

The decision is not surprising at all. The Yankees showed a lot of faith in Weaver and it paid off in a big way. Though he was once a first-round pick and top prospect, his initial career success led into a real rough patch.

Weaver showed some promise as a starter at the start of his career but posted a 5.95 earned run average over the 2020-2023 period. He was designated for assignment by the Mariners in September of 2023 and landed with the Yankees, making three appearances for the Yanks as they ran out the clock on that season.

They must have seen something they liked in that time, as they re-signed him in January, a one-year deal that included a $2MM salary in 2024, a club option for 2025, as well as incentives and escalators.

The gamble paid out in a huge way, as Weaver just wrapped up an excellent season. He tossed 84 innings out of the Yankee bullpen this year with a 2.89 earned run average. He struck out 31.1% of batters faced while keeping his walk rate to a 7.9% level. He earned 22 holds and took over as closer late in the year, earning four saves. He made another 12 appearances in the postseason with a 1.79 ERA, earning four more saves.

Weaver’s $2.5MM club option came with escalators but they didn’t kick in until 100 innings pitched, presumably allowing him to lock in extra earnings if he eventually returned to the rotation. But since he stayed in relief all year, he wasn’t able to push the value of the option up.

$2.5MM is peanuts for a major league club, especially one like the Yankees that generally runs one of the higher payrolls in the league. For how well Weaver pitched this year, this was one of the most no-brainer decisions of the offseason.

Nick Martinez Declines Player Option; Brent Suter Re-Signs New Deal With Reds

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The Reds announced their full slate of option decisions for the 2025 season this afternoon. Right-hander Nick Martinez turned down his $12MM player option for next season. The Reds held a $3.5MM club option on lefty reliever and Cincinnati native Brent Suter, but rather than exercising it they’ve signed him to a new one-year contract with a club option for the 2026 season. He’ll be guaranteed $2.25MM and the option is worth $3MM, MLB.com’s Mark Sheldon reports. Gordon Wittenmyer of the Cincinnati Enquirer adds that the Reds first paid the $500K buyout on Suter’s $3.5MM option for the upcoming season before re-signing him to the new terms.

Meanwhile, Cincinnati declined a $3.5MM option on catcher Luke Maile in favor of a $500K buyout, while right-hander Jakob Junis declined his end of an $8MM mutual option. He’ll be paid a $3MM buyout. Each of Martinez, Maile and Junis are now free agents.

Martinez, now 34, has shown a strong willingness to bet on himself when it comes to contracts. After pitching in Japan from 2018 to 2021, he has returned to North America and continually signed deals with opt-outs that he has triggered.

Going into 2022, he signed a four-year, $25.5MM deal with the Padres with the ability to opt-out after each season. He eventually triggered his first opt-out and re-signed with the Friars for 2023, a $26MM guarantee over three years with a convoluted club/player option structure. After the 2023 season, the Padres turned down a two-year, $32MM club option and then Martinez turned down his two-year, $16MM player option. He then signed a two-year, $26MM deal with the Reds that again allowed him to opt out after one season.

With the Padres before and with the Reds in 2024, Martinez oscillated between the rotation and bullpen. He got into 42 games this year, including 16 starts, tossing 142 1/3 innings with a 3.10 earned run average. His 20.4% strikeout rate was a bit below average but his 3.2% walk rate was elite. Among pitchers with at least 140 innings pitched this year, only George Kirby gave out free passes at a lower rate.

Both with the Padres and Reds, his results have been better out of the bullpen. This year, he had a 3.84 ERA as a starter but a 1.86 mark as a reliever. Whether he’ll be viewed as a reliever or starter will likely differ from club to club, but he should be able to top $12MM on the open market, making his decision to opt out a logical one.

Now the Reds will be able to issue him a qualifying offer and it has been suggested in some circles that they will consider it. Though Martinez is a solid contributor, it would be a bit of a surprise to see him offered a $21.05MM QO.

None of his previous contracts have had an average annual value higher than $13MM, so he would likely accept such an offer. The Reds have generally had payrolls just a bit above $100MM in most recent years, per Cot’s Baseball Contracts, so Martinez accepting the QO would take up something approaching a fifth of their payroll. That’s a lot of money to commit to a swingman.

Suter, 35, has been a steady performer in the big leagues for close to a decade now. Debuting back in 2016, he now has a 3.45 ERA in over 500 career innings. He signed with the Reds in the offseason and gave them 65 2/3 innings with a 3.15 ERA. His strikeout rate wasn’t great but he demonstrated excellent control and his usual propensity for limiting damage. His average exit velocity and hard hit rate were both in the 96th percentile, according to Statcast.

His previous deal came with a $2.5MM salary for 2024 and a $500K buyout on a $3.5MM club option for 2025. As mentioned, the Reds gave him that buyout and worked out a new salary for the upcoming season, also securing a club option for ’26.

Maile doesn’t hit much but has a strong reputation as a defender and game-caller. That continued to be the case this year, as he slashed .178/.268/.252 but with solid work behind the plate.

The Reds are moving on today but could perhaps circle back to Maile at a lower price point. Tyler Stephenson is the only backstop on the 40-man roster now, so they will need to find a backup, whether that’s Maile or someone else.

Junis, 32, has generally had solid results in his career. However, his 2024 was largely held back by injury. He signed with the Brewers in the winter, a $7MM guarantee broken up into a $4MM salary and a $3MM option.

He went on the injured list early in the year due to a right shoulder impingement. His return from that injury was delayed when he was struck by a batted ball during BP. He eventually tossed 67 innings on the year with a 2.69 ERA, getting flipped from the Brewers to the Reds as part of the deadline deal that sent Frankie Montas to Milwaukee.

Going back to the start of 2021, Junis has thrown 304 1/3 innings with a 3.99 ERA, 22.6% strikeout rate and 5.2% walk rate and should be able to secure himself a solid deal in free agency.

Clayton Kershaw To Undergo Toe And Knee Surgeries

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As the Dodgers celebrate their World Series victory today, left-hander Clayton Kershaw informed reporters that he will be on the surgeon’s table next week, with work to be done on his left toe and left knee.

He missed time this year due to bone spurs in his left big toe, but the problems evidently go beyond that, as he also has a ruptured plantar plate. The knee surgery will be to correct a torn meniscus. Details were relayed by various reporters, including Fabian Ardaya of the Athletic (X links). His return timeline is unclear at this point.

Kershaw, 37 in March, has a legendary career but his most recent seasons have been defined by his health issues. Due to various ailments, he hasn’t tossed 135 innings in a season since 2019.

It was almost exactly a year ago, on November 3 of 2023, that the lefty announced he had undergone shoulder surgery. Since that procedure was going to keep him out until midseason, he and the Dodgers reunited on a deal that reflected his health status.

It was technically a two-year deal, with Kershaw guaranteed $5MM in both 2024 and 2025 but with the second season being a player option. The deal also included a number of incentives that would allow Kershaw to increase both the value of his 2024 salary and 2025 player option based on games started.

As he attempted to return to the club this summer, he was slowed by some shoulder soreness during his rehab, getting reinstated in late July. In just over a month on the roster, Kershaw made seven starts with a 4.50 earned run average before landing on the injured list due to the aforementioned bone spurs in his toe.

He attempted to get back into game shape as the season was winding down but wasn’t successful. Today’s news provides a bit more clarity on what exactly Kershaw was up against while trying to get back on the field.

By making seven starts this year, Kershaw unlocked escalators worth $5MM on his 2025 option, bringing the value to $10MM. Though he’s set for another offseason of surgery and rehab, he reiterated today that he plans on coming back next year.

He could do that simply by triggering the $10MM option, or perhaps he and the club will negotiate some new pact. His recent free agent trips have been characterized as him essentially deciding between returning to the Dodgers versus signing with his hometown Texas Rangers. During today’s celebrations, Kershaw seemed to erase any mystery about which jersey he would be wearing next year. He declared himself a “Dodger for life,” per Ardaya on X.

Whenever he returns, he will slot into a Dodger rotation that currently projects to include Shohei Ohtani, Yoshinobu Yamamoto, Tyler Glasnow, Tony Gonsolin, Dustin May, Landon Knack and others.. Guys like Emmet Sheehan, River Ryan or Kyle Hurt could factor in once they recover from their Tommy John surgeries. The Dodgers will also likely make offseason moves that alter their rotation picture, either via free agency or trade.

Rays Exercise Club Option On Brandon Lowe

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The Rays announced that they have exercised their club option on infielder Brandon Lowe. Marc Topkin of the Tampa Bay Times relayed the news on X prior to the official announcement. The club could have given Lowe a $1MM buyout and sent him to free agency but have instead locked in his $10.5MM salary for the upcoming season.

There wasn’t much suspense with this decision. Lowe has hit .245/.330/.482 in his career for a 126 wRC+. That includes a .244/.311/.473 line in 2024 for a 123 wRC+.

He has mostly played second base in his career but has also spent some time at first base and in the outfield corners. He’s not considered especially strong at any of those spots but the versatility is still useful. He has missed plenty of time due to injuries in his career, only once getting into 110 games in a season, but his production has been strong whenever he’s been out there.

Back in March of 2019, when Lowe had just 43 MLB games on his ledger, he and the Rays agreed to a six-year, $24MM contract extension. The Rays are undoubtedly happy with their return on that investment, given Lowe’s performance.

They have triggered the club option to keep Lowe around for 2025 and his contract has another club option for 2026. He can be retained for that season at a rate of $11.5MM with a $500K buyout.

The question now is if the Rays will hold him or trade him. The franchise often trades players as they get more expensive and closer to free agency, which applies to Lowe.

According to RosterResource, the projected 2025 payroll is fairly similar to what they paid in 2024. A few non-tenders of their arbitration-eligible players could give them some breathing space but they are also facing the uncertainty of their stadium situation. With Tropicana Field badly damaged by Hurricane Milton, it’s possible that the club has to spend the upcoming season or seasons as nomads. That could have financial implications in terms of ticket sales, refunds, repairs and so on.

Even if that situation is largely resolved by insurance or other means, the Rays normally keep payroll down by trading players in this situation for younger, cheaper and more controllable alternatives. As such, it wouldn’t be a surprise if Lowe’s name pops up in trade rumors this winter.

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