Royals Sign Carlos Estévez

The Royals and right-hander Carlos Estévez are in agreement on a two-year deal that comes with a club option for 2027. It’s reportedly a $22MM guarantee for the Premier Talent Sports and Entertainment client, which includes a $2MM buyout on the option valued at $13MM. If the Royals exercise the option, the deal would reach $33MM over three seasons. The Royals designated Braden Shewmake for assignment in a corresponding move.

Estévez, 32, spent the first six seasons of his career with the Rockies. Pitching in Coors Field may have masked his talents, as he generally had good strikeout and walk rates but middling run prevention numbers. From 2019 to 2022, his final four seasons in Colorado, he tossed 214 2/3 innings with a 4.28 earned run average, 23.9% strikeout rate and 8.2% walk rate.

Getting away from the mountains has been good for his bottom-line numbers. He signed a two-year, $13.5MM deal with the Angels going into 2023, then was traded to the Phillies at the 2024 deadline. Over those two years, he threw 117 1/3 innings with a 3.22 ERA, 26% strikeout rate and 8.7% walk rate. He has become a bonafide closer in that time as well, racking up 31 saves in 2023 and 26 last year.

His 2024 season was his best yet, in a sense, as his 2.45 ERA was a personal low. However, there was some concern with how he finished. He struck out 25.8% of batters faced with the Angels but just 20.5% of opponents after being flipped to Philadelphia. But that was despite his velocity increasing as the season went along. He also got more ground balls after the deal, with a 25.3% rate as an Angel last year compared to a 43.5% rate with the Phils. In the end, he still managed to have a tidy 2.57 ERA with Philly, racking up six saves.

At the start of the offseason, MLBTR predicted Estévez for a three-year, $27MM deal. It seems the righty has been limited to a slightly lesser guarantee over two years, though he will end up beating that projection if the option is ultimately picked up.

The Royals had a strong rotation last year but their bullpen was less impressive. Their relievers had a collective 4.13 ERA last year, which placed them 20th out of the 30 clubs in the league. They tried to address that at the deadline by adding Lucas Erceg and Hunter Harvey in separate trades. Erceg posted a 2.88 ERA for the club after the deal and then had a 3.00 ERA over six postseason appearances as well. The Harvey acquisition didn’t pay immediate dividends, however, as a back injury limited him to just six appearances as a Royal. He is still under club control for 2025, so the Royals will hope for better health this year.

Though Erceg’s performance made the group look stronger, continuing to add this winter makes sense. That’s especially true with Kris Bubic likely moving to the rotation this year. Time will tell whether they have a preferred closer. As mentioned, Estévez has been closing for the past two years. Erceg recorded 11 saves for the Royals after being acquired, plus three more in the playoffs. Regardless of the roles, Estévez strengthens the relief group overall.

The Royals opened last year with a payroll of $115MM, per Cot’s Baseball Contracts. They are projected by RosterResource to be up to $123MM next year, before accounting for Estévez. They have reportedly been looking for a middle-of-the-order bat. Whether they can find one will likely depend on how much farther they are willing to push the spending.

Estévez received plenty of interest from other clubs this offseason, such as the Reds, Tigers, Cubs, Red Sox, Blue Jays and Yankees. Some of those clubs have since made other moves to address their respective bullpens. For clubs still looking to add relievers, the options have been flying off the board lately. Since the start of January, Chris Martin, Andrew Kittredge, Jeff Hoffman, Caleb Ferguson, Jorge López, A.J. Minter, José Leclerc, Tanner Scott, Paul Sewald, Kirby Yates, Ryne Stanek and Tommy Kahnle have agree to deals of $3MM or more. Ryan Pressly and Taylor Rogers were also traded this week.

Free agency still features players such as David Robertson, Kenley Jansen, Andrew Chafin and others, while guys like Robert Suarez, Ryan Helsley or Camilo Doval might be available on the trading block.

Jon Heyman of The New York Post first reported the Royals and Estévez had a deal. Ken Rosenthal of The Athletic was first with the two-year guarantee and the third-year club option. MLB.com’s Mark Feinsand reported the $22MM guarantee and the $13MM option value.