Rays Have Discussed Pepiot, Baz In Ketel Marte Trade Conversations

The Rays are among a number of teams that have been tied to Diamondbacks star Ketel Marte. Arizona general manager Mike Hazen has consistently downplayed the chance of a deal coming together on their MVP-caliber second baseman, but he hasn’t slammed the door shut given the team’s need for starting pitching.

Nick Piecoro of The Arizona Republic reports that conversations with the Rays have kicked around a framework that would send both Ryan Pepiot and Shane Baz to the desert. Piecoro writes that nothing is believed to be close on that front and the Rays are not necessarily any kind of frontrunner. Indeed, he adds that the Diamondbacks have had conversations with another team interested in Marte that would be built around a bigger-name starting pitcher.

Whether or not talks with Tampa Bay progress, the mention of multiple controllable starters hammers home the high asking price which the Diamondbacks have set. Pepiot landed in Tampa Bay as the centerpiece of the Tyler Glasnow return two offseasons ago. He’s the team leader with 297 2/3 innings pitched since the start of 2024.

The former third-round pick owns a 3.75 earned run average while striking out a little more than a quarter of opposing hitters. He’s a decent strike-thrower who sits around 95 MPH with his heater and has a plus changeup. Pepiot’s slider is a distant third offering, and the changeup has made him a reverse splits pitcher. He has held left-handed hitters to a .192/.287/.354 batting line with a near-28% strikeout rate over the past two seasons. Righties have hit .243/.303/.420 while punching out at a 23% clip.

Pepiot is unlikely to develop into an ace, but he’s an established mid-rotation starter who turned 28 in August. He has a little over three years of service time, so he’s under arbitration control through 2028. MLBTR contributor Matt Swartz projects him for a $3.7MM salary. Teams place a premium on an affordable #3-type starter. The Rays presumably aren’t shopping Pepiot, but it’s a testament to Marte’s offensive impact that the righty would be on the table in those conversations.

Baz, 26, has also come up in trade talks with the Astros. The 6’3″ righty is a former top prospect who has yet to reach his upper mid-rotation ceiling. That’s partially due to some early-career injuries, including Tommy John surgery that wiped out his 2023 season. He posted a 3.06 ERA across 14 starts when he returned in ’24. That earned him a spot in Kevin Cash’s rotation this year, but Baz had an up-and-down performance. He concluded with a 4.87 ERA across 166 1/3 innings. That’s despite a solid 24.8% strikeout percentage and 11.6% swinging strike rate.

The pure upside might be higher with Baz than it is with Pepiot. He sits 97 MPH and gets above-average movement on an 85 MPH knuckle-curve and 90 MPH cutter. Baz has plus stuff and is a decent enough strike thrower. He has been held back by a lack of start-to-start consistency. He allowed one run or fewer 10 times (including seven scoreless appearances) but also had 10 outings in which he gave up five or more runs.

Baz also has between three and four service years and is eligible for arbitration through 2028. He’s projected for a $3.1MM salary. Teams are probably divided as to whether they’d prefer Pepiot’s stability or Baz’s raw stuff, but both pitchers have significant trade value. They’re two of the three returning Tampa Bay pitchers (alongside Drew Rasmussen) who topped 100 innings. The Rays are likely to give Steven Matz a starting opportunity, but they’d certainly need to backfill the rotation if they traded two starters. Shane McClanahan hasn’t pitched since 2023. Joe Boyle and Ian Seymour have limited track records.

The Diamondbacks would require a monster return built around MLB starting pitching to move Marte. He’s coming off a .283/.376/.517 showing with 28 home runs. Marte is the best second baseman in the league and is signed for a bargain $102.5MM over the next six seasons (the final of which is a player option year).

“I think it’s a risky deal when you’re talking about trading really, really good players at all,” Hazen told Piecoro. “It’s something that we have to at least listen to in our job. It’s not something that you really look forward to, necessarily, when you have the players that we do. But it’s also the reality of our team and where we are that I have to consider some things.”

Arizona agreed to terms with Michael Soroka on a one-year deal this week. He’ll be in the rotation alongside Ryne Nelson, Eduardo Rodriguez and Brandon Pfaadt. (They’re unlikely to get Corbin Burnes back from Tommy John surgery before August.) Nelson was the only one of that trio who found much success this year. The D-Backs need to add another two starters and don’t have a ton of payroll space to address that via free agency. They’re also looking for bullpen help and could upgrade at third base or in the outfield.

While Marte is the best second baseman at least loosely available on the trade market, the Rays ironically have the second-best such option. Brandon Lowe is coming off a 31-homer season in which he hit .256/.307/.477 over 553 plate appearances. Lowe is entering the final season of his contract and is set to make $11.5MM. The Rays have reportedly gotten hits from the Pirates and Reds (surely among others) about his availability.

President of baseball operations Erik Neander touched on Lowe’s trade candidacy from the Winter Meetings (link via Marc Topkin of The Tampa Bay Times). He called the two-time All-Star an “important, impactful player who provides power at a position that is hard to find.” Neander acknowledged the Rays’ history of shopping players whose control windows were closing but praised both Lowe and Yandy Díaz as longtime contributors.

“Our history is our history. We’ve made (trades) with players that are established, that are impactful contributors that as they get their way closer to free agency, we’ve made plenty of those decisions. But we’ve also made decisions the last few years to kind of continue to roll forward with these guys. We greatly appreciate them and are more than happy to ride in the next year and see what this team can do.”

Both clubs could go in a few different directions over the coming weeks. There’s no guarantee either will end up moving their star second baseman, but the trade market has yet to really pick up as most of the top free agent hitters continue weighing their options.