MLB Trade Rumors

In a stunning and out-of-the-blue announcement, the Twins on Friday parted ways with longtime president of baseball operations Derek Falvey. General manager Jeremy Zoll will ascend from the team’s No. 2 spot on the baseball operations hierarchy to the top position (though his title is not changing). Executive chair Tom Pohlad offered the following statement within today’s press release:

“Over the past several weeks, Derek and I had thoughtful and candid conversations about leadership, structure, and the future of the club. We reached a shared understanding that the needs of the organization are evolving and that a leadership transition is the best way to move forward. I want to thank Derek for everything he has contributed to this organization. When he joined the Twins nine years ago, it was, in many ways, a watershed moment for this franchise. His leadership was transformational. He helped modernize every aspect of our baseball operations and led with strong values, intention, and purpose. Derek created a culture grounded in learning and in the belief that organizations grow when people grow. Under his leadership, the Twins captured three division titles and made four postseason appearances. We are grateful for his dedication, his integrity, and the impact he made here.”

Falvey offered his own statement:

“Following a series of thoughtful conversations with Tom that began after the ownership transition and progressed over the past few weeks, we both agreed this was the right time for us to part ways. Ownership transitions naturally create moments for reflection and honest dialogue about leadership, vision, and how an organization wants to move forward. Over the past several weeks we had those conversations openly and constructively and ultimately reached a shared understanding that this was the right step both for the organization and for me personally. … On a personal level, I’m looking forward to taking some time to be with my family, reflect and consider what comes next.  I don’t have specific plans yet, but I’m grateful for the experiences I’ve had here and excited about the next chapter when the time is right.”

Falvey was hired to lead Minnesota’s baseball operations following the 2016 season. Originally given the title of “chief baseball officer,” he hired Thad Levine — who stepped down and left the Twins last offseason — as general manager underneath him. That pairing led the Twins for the next eight years, with Falvey twice being extended and eventually being given the “president of baseball operations” moniker.

Last winter, after Levine left the club, the Twins announced that Zoll would be elevated to the GM position. Falvey stayed on as the president of baseball operations and actually took on an even larger role, picking up president of business operations Dave St. Peter’s responsibilities when St. Peter stepped down and moved into an advisory role. The dual president titles for Falvey seemed to make him entrenched with the Twins for the long haul; to see him not only cede baseball operations oversight but leave the club entirely just 15 months later is genuinely shocking.

Of course, quite a bit has changed with the Twins since Falvey’s ascension to president of baseball and business operations. St. Peter’s decision to step down came not long after the Pohlad family announced its intent to explore a sale of the team. The Twins thought they had a buyer lined up in Justin Ishbia, co-owner of the NBA’s Phoenix Suns and a minority owner of the division-rival White Sox. Momentum toward that sale fell through, however, when the White Sox offered Ishbia a path to increase his stake in the club and eventually purchase the majority stake from current owner Jerry Reinsdorf (several years down the road).

The Twins never found a buyer for the majority share of the club, due largely to reported debt in excess of $400MM (on top of what was said to be a $1.7 billion asking price). Instead, they welcomed in a trio of minority stakeholders who purchased their shares at that $1.7 billion valuation, thereby cleaning up a significant portion (if not the entirety) of the debt. Craig Leipold, owner of the NHL’s Minnesota Wild, was the most recognizable name among the new stakeholders.

The Pohlad family retained majority ownership of the team, continuing its four-decade run, but there were still changes made. Joe Pohlad, the nephew of predecessor Jim Pohlad and grandson of the late Carl Pohlad (who originally purchased the team in 1984), was removed from his position as executive chair after just three years. Tom, his older brother, assumed the executive chair role and was approved by the league as the team’s new control person. He’s now temporarily assuming Falvey’s duties as president of business operations, though this morning’s press release indicates that the Twins will immediately commence a search to bring in a new president for the business side of their operations.

The Twins have had an up-and-down run in the American League Central during Falvey’s time as their baseball operations leader. On the surface, parting with the president of baseball operations after a 92-loss season and in the midst of an ownership shakeup doesn’t sound all that surprising. And, had this move taken place immediately following the season, it presumably would not have been all that eye-opening.

However, the timing of the move makes it borderline unprecedented. Teams don’t make baseball operations shifts of this magnitude two weeks before spring training commences and when the heavy lifting of an offseason has (presumably) already taken place. As The Athletic’s Aaron Gleeman notes, the Twins just held their annual media luncheon one week ago; Falvey was the keynote speaker.

Further details and comments from Twins brass will surely continue to filter out in the days, weeks and months to come. It’s not yet clear whether the change in baseball operations leadership will prompt a change of trajectory with regard to the roster. Falvey has previously been vocal about his desire to keep stars Byron Buxton, Pablo Lopez and Joe Ryan, even after last July’s deadline sell-off. One would assume he and Zoll were aligned on that front, but it’s at least possible now that a different lead voice will give way to a different strategy. If nothing else, other clubs are going to circle back to check in with Zoll about the potential availability of those veterans (and, presumably, catcher Ryan Jeffers, who is entering his final season of club control).

On the other side of the coin, Minnesota’s payroll currently projects for just $108MM, per RosterResource. That’s about $30MM shy of last year’s levels and miles below the club-record payroll from 2023, when the Twins approached $160MM. Ownership isn’t going to push spending back to that level, but it’s possible that Zoll is more amenable to bringing in further veteran pieces than his former boss  was.

In the immediate aftermath of the leadership shuffle, there’s no clear way to glean just what the change will mean for the Twins’ roster, but today’s announcement stands as the latest development in what has been the most tumultuous two-year stretch for the Twins organization since they were nearly contracted in the early 2000s.