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Yankees Agree To Minor League Deals With Art Warren, Jake Bauers

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The Yankees have agreed to minor league contracts with right-hander Art Warren and first baseman/outfielder Jake Bauers, as first indicated on the transactions log at MiLB.com. Warren’s contract is a two-year minor league deal that includes an invitation to Major League Spring Training in 2024, I’m told.

Warren, 30 in March, spent the past two seasons with the Reds and is expected to miss the 2023 season after undergoing surgery to repair the UCL in his pitching elbow back in September. Given that lengthy recovery period, the Reds non-tendered him earlier in the offseason. He’ll now latch on with a new club in hopes of rehabbing his arm and pitching his way into the Yankees’ bullpen plans in 2024, when he’s back at full strength.

While the 2022 season wasn’t a good one for Warren — 6.50 ERA, career-worst 13.3% walk rate and 1.50 HR/9 — it’s fair to wonder how much his elbow’s health (or lack thereof) contributed to those struggles. Warren’s average fastball sat at 95.3 mph with Cincinnati in 2021 but dipped to 93.6 mph in 2022, and his overall results in a healthy 2021 showing were outstanding. The 6’3″, 230-pound righty parlayed a big strikeout rate in Triple-A into a Major League look with the Reds and delivered a 1.29 ERA with an eye-popping 41.5% strikeout rate in 21 innings of work. Only four pitchers (min. 20 innings) managed to top Warren’s 19.2% swinging-strike rate in 2021: Liam Hendriks, Raisel Iglesias, Josh Hader and Jacob deGrom. Suffice it to say, when healthy, there’s plenty of intrigue surrounding Warren’s raw stuff.

Warren didn’t get a look in the Majors until his age-26 season with the Mariners, in part due to injuries, and he didn’t pitch in 2020 due to the canceled minor league season. The recent elbow issue will further cut into his opportunities, and he’ll be 31 by the time he has a legitimate chance to make the Yankees’ roster in 2024. If he makes the team at that point, he’ll be controllable for five years before he can become a free agent. For now, he won’t earn service time on the minor league deal but will be able to rehab at the Yankees’ facilities and with their training and medical staff.

As for Bauers, it’ll be his second stint with the Yankees, who signed him to a minor league deal last offseason as well and ultimately traded him to the Reds in exchange for cash over the summer. The 27-year-old former top prospect didn’t crack the big league roster with either club, hitting .226/.352/.406 with the Yankees’ Triple-A club and just .135/.276/.271 with the Reds’ top affiliate.

Bauers has appeared in parts of three Major League seasons, spending time with Tampa Bay, Cleveland and Seattle, but he’s managed a tepid .213/.307/.348 batting line in 1126 plate appearances. He’ll give the Yankees a left-handed depth option at first base and left field down in Scranton.

Red Sox Notes: Middle Infield, Rotation, Houck

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With Xander Bogaerts headed to San Diego, the Red Sox face questions about their lineup. Boston has added Masataka Yoshida on a five-year deal to play left field, but they’re now dealing with a vacancy in the middle of the diamond.

Chief baseball officer Chaim Bloom told reporters this week the Red Sox are seeking someone who can play up the middle on either the infield or outfield (link via Alex Speier of the Boston Globe). As Bloom noted, the team has some positional flexibility in that regard thanks to Trevor Story and Enrique Hernández. Story played second base in deference to Bogaerts this past season, but the longtime Rockies shortstop now looks penciled in to move back to the left side of the diamond. Hernández is a quality defender at both second base and center field, and his ability to cover either spot gives Boston the freedom to look for players at either position and move Hernández around depending on subsequent additions.

In any event, the Red Sox figure to bring in another player with the athleticism to cover up the middle. As things stand, the team would likely open the season with Story at shortstop, Hernández in center and some combination of Christian Arroyo and Jeter Downs at second base. Neither Arroyo nor Downs should have a firm hold on an everyday job for a hopeful contender, but the available free agent options at important defensive positions are dwindling.

The center field market was almost completely barren from the start, with Brandon Nimmo the clear top option. Players like Kevin Kiermaier and Cody Bellinger got everyday jobs coming off disappointing seasons, while the Red Sox struck early to keep Hernández out of free agency on a $10MM extension in September. He’s not coming off a great year himself, but the lackluster free agent class no doubt played a role in Boston’s decision to take a shot on a bounceback.

Free agency in the middle infield is a bit more robust. Dansby Swanson is the top player still remaining. The Red Sox are reportedly part of that market, although they’ll face competition from teams like the Cubs, Twins, Dodgers and incumbent Braves. It’d be rather surprising to see the Sox pivot to Swanson — who looks likely to top $150MM on the open market — after watching their own star shortstop (and described “top priority”) depart. There’s a notable drop after Swanson, with Elvis Andrus the next-best remaining shortstop. At second base, Jean Segura and Brandon Drury are the top options available.

All those players hit right-handed, which could make them targets for the Boston front office. Speier writes the Sox are looking for a righty bat, a sensible pursuit considering their lineup skews towards the left side. Story, Hernández and Arroyo are the only three righties who currently look like regulars, and Arroyo could be supplanted by an outside addition. Rafael Devers, Alex Verdugo and Yoshida all hit from the left side, as do first base/DH options Triston Casas and Eric Hosmer. Boston has Bobby Dalbec in that mix as a righty alternative, but he’s struggled enough the past couple seasons they’ve reportedly made him available in trade.

The trade market obviously also offers a chance for the Red Sox to address some roster deficiencies. Bloom told Chad Jennings of the Athletic on Monday the club was open to consolidating minor league talent to add immediate MLB help. The front office leader downplayed the possibility of moving talented players at the MLB level (seemingly including Casas) as part of those efforts, but he expressed a willingness to move players who are further away from the majors.

There aren’t many up-the-middle players who look likely to be dealt this winter. The Guardians could part with shortstop Amed Rosario, while the Royals may field offers on center fielder Michael A. Taylor. Oakland’s Ramón Laureano has some center field experience and would add a righty bat to the outfield, but he’s coming off a dismal 2022 season and the A’s may prefer to hold him in hopes of a better year that rebuilds his trade appeal.

The rotation market offers more possibilities, both in free agency and trade. Noah Syndergaard, Johnny Cueto and old friends Nathan Eovaldi and Michael Wacha are among the free agent options still available. Viable rotation trade candidates include Trevor Rogers and Pablo López in Miami, Chris Flexen or Marco Gonzales of the Mariners and Pittsburgh’s JT Brubaker. Both Speier and Jennings write that Boston would like to add a starter, no surprise for a team that has seen Eovaldi, Wacha and Rich Hill hit free agency without bringing in outside help.

Boston does have a few players who can step into the rotation after not assuming much of a role last season. Chris Sale barely pitched in 2022, while James Paxton didn’t throw for the Sox at all. They’ll hopefully go into Spring Training healthy but have plenty of recent injuries and workload concerns. Brayan Bello could get a full season after breaking into the majors this past July. The Red Sox already announced Garrett Whitlock would join Nick Pivetta in the starting five after mostly working in multi-inning relief the last two years.

The Sox haven’t been as committal on Tanner Houck, but he’s also a rotation option after bouncing between starting and relief for a while. As Jen McCaffrey of the Athletic writes, the Sox’s offseason to date has seen them bring in a few bullpen options — Chris Martin, Kenley Jansen and Joely Rodríguez — without doing much to fortify the rotation. That could point towards an increasing likelihood of Houck competing for a rotation spot in Spring Training, although much depends on the team’s activity over the next three months.

Houck came out of the bullpen for 28 of his 32 appearances in 2022, including some time as the team’s closer. With Jansen now set to lock down the ninth inning, skipper Alex Cora can deploy Houck either in higher-leverage relief in the middle innings or as part of the starting staff. The former first-round pick started 13 of his 18 outings in 2021, and he has 20 MLB starts on his résumé. In that time, he’s worked to a 3.22 ERA with a 28.5% strikeout rate. Houck has a 2.68 ERA and a 25.9% career strikeout percentage when coming out of the bullpen.

Padres Were Finalists For Chris Bassitt

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Chris Bassitt agreed to a three-year, $63MM deal with the Blue Jays earlier this week, but Jon Heyman of The New York Post reports that the Padres were in on the bidding and were one of the finalists. It’s not known if they made a formal offer or what it looked like, but the fact that they were somewhat close is nonetheless noteworthy.

The Padres were never really a financial powerhouse in the baseball world but they have changed that reputation in the past few years. They had never run an Opening Day payroll reaching $110MM, per Cot’s Baseball Contracts, until they shot up to $174MM in 2021 and $211MM in 2022, effectively doubling their previous franchise highs. It appears that we still don’t know where their limit is, as they have continued spending this winter.

After aggressive overtures to Aaron Judge and Trea Turner were turned down, the club pivoted and gave Xander Bogaerts a deal worth $280MM over 11 years. That’s brought the club’s payroll up to $235MM for next year, per Roster Resource, already more than $20MM beyond last year’s mark.

Perhaps more importantly, the club’s competitive balance tax figure is at $255MM, already beyond the second luxury tax tier of $253MM. The Padres paid the CBT in both 2021 and 2022, setting them up to be third-time payors in 2023. There are escalating penalties for teams that pay in consecutive seasons, with the Padres already looking at a 50% tax on all spending beyond $233MM with greater penalties at the three subsequent tiers that go up in $20MM increments. Going beyond $253MM, which they are already lined up to do, comes with a 62% tax while going beyond $273MM would come with a 95% tax hit and see their top pick in next year’s draft moved back ten spots.

We don’t know what kind of offer the Padres made to Bassitt, but if it was competitive enough to get near what he accepted from the Jays, it was likely at least near the $20MM range in terms of average annual value. That shows that the club has at least some willingness to add that kind of money to their payroll and CBT figure. Signing Bassitt, or any other player, to a $20MM salary would lead to the Padres also paying over $12MM in taxes.

If they do have that kind of money to spend, the fact they are considering a rotation upgrade is not surprising. They have a strong front three in Joe Musgrove, Yu Darvish and Blake Snell, but the back end is a bit less certain. The club re-signed Nick Martinez, who began 2022 in the rotation but was eventually bumped to the bullpen, where he proved to be more effective. He posted a 4.30 ERA as a starter and a 2.67 as a reliever. There’s also Adrian Morejon, though he’s an unknown commodity after undergoing Tommy John surgery in April of 2021. He returned in 2022 and tossed 34 innings over 26 relief appearances, which is encouraging but might make it hard for him to suddenly jump to 150 innings or more next year. There’s also the long-term picture to consider, as both Snell and Darvish are set to reach free agency after 2023, leaving Musgrove as the only true building block of the rotation. Adding a reliable starter makes plenty of sense for now and for the future.

Though Bassitt got away, the Padres still have options in free agency. If they truly want to go wild with the spending, Carlos Rodón is the top free agent pitcher available. Aside from him, other options include Nathan Eovaldi, Noah Syndergaard, Michael Wacha, Corey Kluber, Drew Rucinski, Johnny Cueto, Drew Smyly and others.

Yankees Interested In Nathan Eovaldi

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The top remaining free agent pitcher, Carlos Rodón, reportedly prefers the Yankees as his future club. They are interested in him as well, but the problem is that Rodón is seeking a deal of seven years or more at a significant salary while the club would prefer to keep it down to four or five years. Jon Heyman of The New York Post reports that they will try to find a compromise but that the Yanks will also be considering Nathan Eovaldi as a backup plan.

Starting pitchers have been flying off the board in recent weeks, leaving Eovaldi as one of the best ones still out there. Over the past few seasons, Eovaldi has oscillated between being a very effective hurler and extended injury absences. After establishing himself in the majors with the Dodgers, Marlins and Yankees, he required Tommy John surgery late in 2016, wiping out the remainder of that season and the following one.

The Rays signed him for that 2017 season he was going to miss, with a $2MM option for 2018 that they eventually triggered. Up until that time, he had shown a powerful arm but without the strong results to match. He had a 4.21 ERA at that point in his career with a 17% strikeout rate. But 2018 proved to be a huge pivot point for him. He tossed 111 innings on the year with a 3.81 ERA and 22.2% strikeout rate. That included a midseason trade to the Red Sox, with Eovaldi going on to toss 22 1/3 innings in the postseason with a 1.61 ERA and 18.8% strikeout rate, helping the club win the World Series.

Those postseason heroics resulted in him returning to the Sox on a four-year, $68MM deal. Over the course of that contract, he’s continued to produce strong results but also deal with injuries. In 2019, he missed significant time due surgery to clean up loose bodies in his elbow. He was only able to log 67 2/3 innings that season with a 5.99 ERA. He bounced back in the shortened 2020 campaign, making nine starts with a 3.72 ERA, though he did miss time due to a calf strain.

He stayed healthy in 2021 and made 32 starts, posting a 3.75 ERA with a 25.5% strikeout rate. In 2022, injuries caught him again, as he went to the IL twice, once for back inflammation and once for shoulder inflammation. He still made 20 starts on the year with a 3.87 ERA and 22.4% strikeout rate, strong results but a concerning step back that came with diminished velocity. He averaged around 97 MPH in the first three years of his Boston deal but dipped to 95.7 MPH in 2022.

Despite that injury track record and Eovaldi’s rejection of a qualifying offer, MLBTR still predicted he would land a solid two-year contract worth $34MM, or $17MM per season. The free agent market has generally been quite strong this offseason, with many players outpacing their projections. It wouldn’t be a shock to see Eovaldi, who turns 33 in February, push for a third year or a higher average annual salary. Outside of him and Rodón, some of the best remaining starters on the open market are Noah Syndergaard, Michael Wacha, Corey Kluber, Drew Rucinski, Johnny Cueto, Drew Smyly and others. Those are still some quality arms but the options for a true impact upgrade for the rotation of a competitive team are dwindling.

For the Yankees, they don’t strictly need a starter, given that their rotation is in good shape. Ace Gerrit Cole should be followed by Nestor Cortes, Luis Severino and Frankie Montas, with one spot available for either Domingo Germán or Clarke Schmidt. Adding another pitcher like Rodón or Eovaldi would bump Germán and Schmidt down the chart while also providing some cover in case Severino or Montas struggle to stay healthy like they did in 2022.

The payroll might be an issue, however, as it’s been suggested that the club would prefer to stay under the third tier of the competitive balance tax, which is $273MM. By crossing that line, the financial penalties would increase and the club would also see its top 2023 draft pick moved back ten slots. Roster Resource currently pegs the club’s payroll at $250MM with a CBT figure of $266MM. A mega deal for Rodón or even a more modest one for Eovaldi would send the club well beyond that third tier and could even push them close to the $293MM top tier. With other needs around the roster, including left field and the bullpen, whether the Yanks actually have an appetite for a rotation splurge remains to be seen.

Eovaldi has been connected to the Blue Jays this offseason, though that was before they signed Chris Bassitt. There’s also been rumors of a return to Boston though the latest reporting indicated he wasn’t a top priority for the club.

Nationals Sign Matt Adams, Three Others To Minor League Deals

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The Nationals announced Wednesday morning that they’ve signed first baseman Matt Adams, infielder Travis Blankenhorn, and righties Tommy Romero and Anthony Castro to minor league contracts with invitations to Major League Spring Training.

It’s a D.C. reunion for Adams, who won a World Series ring with the 2019 Nationals as a key bench bat for manager Dave Martinez. The now-34-year-old Adams appeared in 111 games that season, offsetting a huge strikeout rate (34.5%) and paltry OBP (.276) with some substantial power contributions: 20 home runs and 14 doubles, despite tallying just 333 plate appearances.

Adams has scarcely appeared in the big leagues since, totaling just 91 plate appearances between the Braves (2020) and Rockies (2021) with a combined .176/.231/.282 slash to show for it. Adams was out of affiliated ball entirely in 2022 but spent the bulk of the season with the Kansas City Monarchs of the independent American Association, for whom he slugged 27 home runs in just 367 plate appearances while turning in a .248/.327/.554 batting line.

Power has long been a part of “Big City’s” game, as he’s thrice had a 20-homer season with fewer than 400 plate appearances. Dating back to his 2012 debut with the Cardinals, Adams is a career .258/.306/.463 hitter, although those numbers are skewed by some dismal performances against left-handed pitching (career .210/.241/.378). When holding the platoon advantage, the lefty-swinging Adams is a .268/.320/.481 hitter. He’ll compete for a part-time first base/DH role this spring.

Romero, too, will be returning for a second stint with the Nats. The 25-year-old landed in Washington via waivers earlier this season and made one start late in the year, during which he yielded six earned runs in just 3 2/3 innings. Romero, however, was a fairly well-regarded arm with the Rays organization as recently as last offseason and enjoyed a solid showing between the Triple-A affiliates for the Rays and Nats: 3.24 ERA, 20.2% strikeout rate, 9.5% walk rate in 86 innings. He can serve as either rotation or bullpen depth for a Nationals staff that is teeming with uncertainty.

The 27-year-old Castro has pitched in the Majors in each of the past three seasons, showing promising life on his fastball and an ability to miss bats but also struggling with command — particularly as it pertains to home runs. Castro has a 6.00 ERA in 39 big league frames, due largely to an mammoth average of 2.31 home runs allowed per nine innings pitched. His heater averaged 95.2 mph in 2022 with the Guardians, and he’s fanned a quarter of the opponents he’s faced in the Majors, but throwing strikes (10.6% walk rate) and avoiding the middle of the plate on the strikes he does throw have both proven challenging.

Castro has a 3.19 ERA in two Triple-A seasons and has punched out 30.2% of his opponents at that level. He’s out of minor league options, so if he’s added to the big league roster at any point, he can’t be sent back to the minors without first passing through waivers.

Blankenhorn, 26, was a third-round pick by the Twins in 2015 and has been a fairly consistent hitter in the upper minors, topping out with a .260/.347/.462 batting line in 598 Triple-A plate appearances. He’s played primarily third base and second base in his pro career but has more recently begun to see time at first base and in the outfield corners. Blankenhorn is just 5-for-29 in a tiny sample of MLB time between the Twins and Mets. He’ll compete for a bench job in Spring Training and otherwise give the Nats a relatively versatile defender and lefty bat to stash in Triple-A for the 2023 season.

Trevor Williams Expected To Open Season In Nationals’ Rotation

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The Nationals inked former division rival Trevor Williams to a two-year contract last week, reportedly guaranteeing him $13MM. The right-hander had worked in a swing capacity with the Mets, starting nine of his 30 outings in 2022.

Williams has an extended pre-2022 track record of starting, however, and he’s expected to move back into that role in the nation’s capital. Speaking with reporters yesterday, Williams said the Nats have told him he’ll get an opportunity to start next year (via Jesse Dougherty of the Washington Post). The former Pirate acknowledged he’d been hoping to find a rotation spot during his foray into free agency.

The 2022 campaign was a strong one for Williams, who tallied 89 2/3 innings of 3.21 ERA ball. He struck out a roughly average 22.6% of opponents with a strong 6.2% walk rate. The 30-year-old fared better in relief, working to a 2.47 ERA while holding opponents to a .247/.311/.371 mark across 51 frames. He was solid but less effective as a starter, allowing 4.19 earned runs per nine with a .260/.302/.467 slash line allowed. Williams’ control was strong in both roles. He missed more bats and allowed fewer homers while working out of the bullpen, however.

Williams occupied a full-time rotation spot in Pittsburgh for awhile, starting 25+ games each season from 2017-19 and all 11 of his outings during the shortened 2020 campaign. He started 12 of 13 appearances with the Cubs in 2021 before being dealt to the Mets at the deadline. Over that four-plus year stretch, Williams put up a 4.38 ERA with an 18.7% strikeout rate and a 7.7% walk percentage in 105 starts.

Washington certainly has room in the rotation, with virtually no certainty on the staff. Washington starters had a ghastly 5.97 ERA in 2022. That was easily the worst in the majors, three-quarters of a run higher than the 29th-placed Rockies (5.22 ERA). Aníbal Sánchez was remarkably the only Nationals pitcher with multiple starts and an ERA below 5.00. His 4.28 mark was paired with subpar underlying numbers, and he’s now a free agent who’ll be 39 by Opening Day.

Josiah Gray, MacKenzie Gore and Cade Cavalli all figure to have the inside track on starting jobs if healthy. They’re all young arms with significant upside who the organization hopes can develop into key pieces from their ongoing rebuild. Patrick Corbin and Stephen Strasburg are on hand and would surely have Opening Day rotation jobs based on their career bodies of work, but neither has been productive since 2019.

Corbin has remained healthy and at least taken the ball every fifth day, but Strasburg’s career has been thrown off track by continued issues with thoracic outlet syndrome. Gore has still yet to pitch as a National after missing the entire second half due to elbow inflammation, while Cavalli went down with season-ending shoulder inflammation after making his MLB debut in August. Given the health uncertainty with players like Strasburg, Gore and Cavalli, it’s little surprise to hear Williams is ticketed for rotation work to start the year.

The Opener: Correa Fallout, Thor, MLBTR Chat

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On the heels of last night’s midnight megadeal, here are three things we’ll be keeping an eye on around baseball throughout the day:

1. With Correa signed, are Rodon and Swanson next?

The 13-year deal Carlos Correa agreed to with the Giants last night takes yet another star player off the free-agent market. Will it loosen up the market for the top remaining names? Dansby Swanson already saw his market begin to heat up yesterday, and though the Giants are now presumably out after landing Correa, he has plenty of other suitors. The Cubs are perhaps at the top of the pile, but the Twins might be aggressive on Swanson now that they missed out on Correa. The Dodgers, Red Sox, and incumbent Braves loom as additional possibilities. While Correa’s signing doubtlessly clears the field for Swanson, it may impact Carlos Rodon even more. Rodon’s market, much like Correa’s, included both the Twins and the Giants. The prevailing theory was that neither team would be willing to spend what it took to land both stars. With Correa set to suit up for San Francisco, that appears to leave the Twins, Cardinals, and Yankees as the three frontrunners for Rodon. New York is rumored to be Rodon’s preferred destination, but reports suggest a significant gap between the two sides, with Rodon known to be looking for a seven-year deal in the $200MM range.

2. Thor’s market heating up?

According to the New York Post’s Jon Heyman, the market for right-hander Noah Syndergaard began to heat up yesterday. Syndergaard had a solid if somewhat uninspiring season in 2022, his first full season back from Tommy John surgery. The righty posted a slightly above league average 3.94 ERA alongside a 3.83 FIP in 134 2/3 innings for the Angels and Phillies in 2022, but saw his fastball velocity decline dramatically; his heater averaged around 94 mph this year, down from nearly 98 mph on average in 2019. That contributed to a strikeout rate of just 16.8%, but Syndergaard paired it with a strong 5.5% walk rate and a fairly small 19.1% line drive rate. Ultimately, even if Syndergaard isn’t the same flamethrowing ace he was in his younger days, his still-above average fastball velocity and his pinpoint command make him a worthwhile investment for a team looking to fill out their rotation.

3. MLBTR chat today

Have the recent happenings on the hot stove raised questions for you? Are you wondering about what else you can expect your team to do before spring training starts in February? If so, you’ll want to tune at 5pm CT this evening for a live chat with MLBTR’s Anthony Franco, where he will be taking questions from readers. If you have a question you’d like to drop in advance of the chat, you can use this link to submit a question. The same link will take you to the chat when it begins later today, if you’d like to check back in and participate live.

Giants, Carlos Correa Agree To 13-Year Deal

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The Giants have landed the star player they’d been seeking. San Francisco is reportedly in agreement with Carlos Correa on a 13-year, $350MM contract. The deal doesn’t contain any opt-out provisions but the Boras Corporation client will receive a full no-trade clause.

It’ll be the third team in as many years for Correa, who turned 28 in September. The longtime Astro hit free agency last winter. Generally regarded as the top player in that offseason’s class, he didn’t find the long-term megadeal he’d sought after declining a qualifying offer from Houston.

After the lockout, Correa pivoted to a shorter-term gamble on himself, inking a three-year guarantee with the Twins that paid him the largest per-year salary ($35.1MM) for a free agent position player in MLB history. That deal allowed Correa to opt out and retest the market this winter, and he was ineligible for another QO thanks to the CBA’s prohibition on a player receiving the offer multiple times in his career.

Correa’s 2022 campaign got off to a slower than expected start. He hit .243/.309/.324 in April, presumably dealing with some lingering effects of his late signing and cold early-season weather that took a toll on his power output. In the first week of May, Correa dealt with a scare when he was struck on the right hand on a check swing. Initial x-rays indicated he may have fractured his right middle finger, but follow-up testing revealed he suffered only a bruise. He still landed on the injured list but returned after a minimal stint. Aside from a brief stay on the COVID-19 list a few weeks later, Correa stayed healthy the rest of the way.

After returning from the finger bruise, Correa was one of the sport’s best players. He hit .299/.376/.488 in 487 plate appearances from mid-May onwards. Among 133 qualified hitters over that stretch, he ranked 14th in on-base percentage and 23rd in slugging. That excellent finish brought his season line up to .291/.366/.467 in 136 games. Correa’s overall offensive productivity was 40 percentage points above league average, by measure of wRC+. That’s right in line with the levels he’d established late in his time in Houston. Correa stumbled in the abbreviated 2020 campaign but had respective wRC+ tallies 42 and 33 points above average in 2019 and ’21.

Over the past four seasons, the former first overall pick has tallied just under 1800 plate appearances. He’s hit .281/.359/.481 with a strong 10.6% walk rate and a lower than average 20.4% strikeout percentage. Correa has posted a hard contact rate north of 42% in each of the past four seasons, well above the 35-36% league marks. Broadly speaking, there’s nothing to nitpick with his offensive ability. He makes contact, has strong plate discipline and has topped 20 home runs in six of the seven 162-game seasons of his career. Correa has unsurprisingly been better against left-handers than righties, but he’s been excellent against pitchers of either handedness. He owns a .291/.386/.482 career mark against southpaws, while he’s hit .274/.346/.477 against same-handed arms.

Correa had some injury issues earlier in his career, missing time in 2018 with back discomfort and fracturing a rib in 2019. He’s only twice topped 600 plate appearances in a season, but the aforementioned finger contusion is the only non-virus ailment that has sent him to the IL within the past three seasons. With his recent health and the strong finish to his 2022 campaign, his camp made the easy call to opt out of the final two years and $70.2MM on his Twins deal.

For the second straight winter, he was the top free agent option in a loaded shortstop class. Even with Trea Turner, Xander Bogaerts and Dansby Swanson hitting the open market, Correa was the best available shortstop. Aaron Judge was the market’s top free agent overall on the heels of an MVP-winning, 62-homer season, but one can argue Correa was the best long-term bet available.

In addition to his strong offensive track record, the two-time All-Star is typically one of the sport’s most valuable defenders. Defensive Runs Saved has pegged him as an above-average shortstop in every season of his career. Altogether, DRS has pegged him as 70 runs better than par in more than 7600 innings. Statcast hasn’t been as bullish, but it also generally rates him as a plus gloveman. Statcast has pegged Correa as 17 runs above average since it began tracking defense in 2016, including plus grades each year from 2018-21.

Correa’s defense marks were particularly excellent during his final season in Houston, when he rated as +20 runs by DRS and +9 runs at Statcast. He secured his first career Gold Glove award in the process. This year’s reviews weren’t so impressive. DRS still considered him a net positive at three runs above average, but that was the lowest mark of his career. Statcast pegged him two runs below par, his first below-average showing by that metric since 2017.

Defensive metrics can vary on an annual basis, and it doesn’t seem San Francisco’s concerned with this past season’s mid-tier showing. Correa boasts a plus arm and has generally been very sure-handed. There may be some trepidation about how his 6’4″, 220 pound frame will hold up into his mid-late 30’s, particularly since he’s only an average runner. With his hands and arm strength, however, the Giants can at least project above-average glovework for the next few seasons.

San Francisco has four-time Gold Glove winner Brandon Crawford under contract for another year. They didn’t enter the offseason needing shortstop help necessarily, but their infield around Crawford had its share of question marks. San Francisco re-signed Wilmer Flores to a two-year guarantee to add a productive righty bat to the mix at first, second or third base. Tommy La Stella is under contract for another season but hasn’t played well since landing in San Francisco. J.D. Davis and David Villar are on hand as corner options, while Thairo Estrada can cover the middle infield and adds a solid righty bat.

There are a lot of moving pieces available for skipper Gabe Kapler, but adding Correa figures to solidify the left side of the infield with an everyday pair. Susan Slusser of the San Francisco Chronicle wrote last month the team planned to move Crawford to the hot corner if they were to sign Correa. Crawford has never played an inning outside of shortstop in the majors, but he figures to handle the less demanding position well.

While shortstop itself may not have been a priority for president of baseball operations Farhan Zaidi and his front office, adding impact talent certainly was. The Giants made no secret of their desire to land Judge. When he returned to the Bronx, the club pivoted to Correa — the clear top hitter remaining. He’ll now become the highlight acquisition of the offseason, joining outfielder Mitch Haniger and pitchers Sean Manaea and Ross Stripling as players brought in to try to rebound from an 81-81 campaign.

Doing so requires one of the largest investments in major league history. The $350MM guarantee checks in as the fourth-largest ever. It’s the second-biggest free agent deal of all-time, just narrowly below the $360MM deal that Judge inked a week ago. Correa becomes the second free agent to land a 13-year contract, matching the record length secured by Bryce Harper with the Phillies over the 2018-19 offseason. The deal runs through the 2035 campaign, what will be Correa’s age-40 season.

That kind of lengthy megadeal has become en vogue this offseason. Turner and Bogaerts signed 11-year deals with the Phillies and Padres, respectively, taking them each through their own age-40 seasons. Judge inked a nine-year deal that paid him through age 39. MLBTR had predicted Correa for a nine-year, $288MM contract at the start of the offseason. As with Turner and Bogaerts, those deals lasted longer than anticipated, with each correspondingly securing a greater guarantee than expected.

That has involved a bit of a tradeoff with regards to annual salary, however. Correa’s deal comes with an average annual value around $26.92MM, a mark that’s outside the top 25 in MLB history. That’s well lower than the $32MM per-year salary MLBTR had projected, with the Puerto Rico native electing to sacrifice some money on an annual basis to secure a larger total sum. Doing so could very well position him to spend the remainder of his career in the Bay Area.

From a team perspective, spreading the guarantee over a longer term adds more future downside but has the more immediate benefit of reducing the club’s luxury tax hit. A team’s CBT commitments are based on deals’ average annual values, and the $26.92MM mark is more manageable in that regard.

That’s now relevant for the Giants, whose payroll has spiked dramatically. The specific financial breakdown isn’t yet clear, but an evenly distributed salary would push the Giants 2023 payroll around $190MM, as projected by Roster Resource. Their luxury tax figure is about $206MM, $27MM below the base threshold. San Francisco’s spending is well above the $150-155MM range of the past few seasons, but it’s still shy of their $200MM franchise-record Opening Day mark from 2018.

The Giants could keep pushing forward as they jostle for position atop a stacked NL West with the Dodgers and Padres. The bullpen is still a question mark, and San Francisco could look into upgrades at first base and/or center field. The Giants remained involved in the bidding for ace Carlos Rodón as of this afternoon as well, although signing both Correa and the top remaining free agent starting pitcher may push beyond their financial comfort level.

As for Correa’s now-former team, they’ll be left to regroup having missed out on their top target of the winter. Minnesota offered a 10-year deal worth $285MM, tweets Jon Heyman of the New York Post. That came with a higher annual salary than the offer Correa actually accepted, but the Twins were apparently reluctant to commit deep into his 30’s. They’re now facing an uncertain shortstop situation, with Kyle Farmer and Royce Lewis looking like the top internal options.

Minnesota has already had some discussions with Swanson this offseason, keeping tabs on him as a fallback possibility to Correa. The organization should have a decent amount of financial flexibility and could now pivot more strongly after Swanson if they’re determined to address shortstop. They’ve also been linked to Rodón at various points and could try to allocate their spending capacity to a top-of-the-rotation arm. The Twins surely aren’t done in any event, although that’ll be little consolation for the front office and fanbase for the moment. Because Correa was ineligible for the qualifying offer, they don’t receive any compensation for his departure.

It’s the latest massive move in an offseason that has gained plenty of steam since the calendar flipped to December. Correa joins an increasingly loaded division and, more generally, a very competitive National League. In the process, he becomes the new face of the Giants — a role the club hopes he’ll effectively hold well into the next decade.

Jeff Passan of ESPN first reported Correa and the Giants had agreed to a 13-year, $350MM contract. Jon Heyman of the New York Post reported the deal didn’t include any opt-out provisions but contained a full no-trade clause.

Image courtesy of USA Today Sports.

Latest On Carlos Rodon’s Market

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10:42pm: The Yankees have indeed put forth an offer to Rodon, Heyman writes. There’s apparently still a fair bit of work to do in order to get a deal done, as Heyman indicates there’s a notable gap between New York’s proposal and Rodon’s asking price.

2:55pm: Carlos Rodon is the clear top pitcher remaining on the open market, and despite a lofty asking price reportedly in the $200MM neighborhood, multiple clubs remain in pursuit of the left-hander. Jon Heyman of the New York Post reported yesterday that the Yankees are prepping a formal offer for Rodon, and Brendan Kuty of NJ.com now tweets that the Yankees appear to be Rodon’s preferred landing spot. However, Kuty adds that both the Twins and the Cardinals both remain “seriously in play” for the southpaw as of this afternoon. Meanwhile, Susan Slusser of the San Francisco Chronicle tweets that even after agreeing to identical two-year, $25MM deals with both Ross Stripling and Sean Manaea this week, the Giants are still involved in Rodon’s market.

The Twins’ interest in Rodon is perhaps contingent on the looming decision of Carlos Correa who, like Rodon, is represented by the Boras Corporation. Dan Hayes of The Athletic suggests that Correa remains the Twins’ top priority, though he adds that the team nonetheless made a pitch to Rodon earlier in the month (Twitter thread). Given that the Giants are viewed as Minnesota’s primary competition for Correa, it’s fair to wonder whether both clubs might be prioritizing Correa with the intent of pivoting to Rodon should they be spurned by Correa. That both players have the same agent makes concurrent negotiations a smoother process.

After agreeing to a three-year deal with free-agent catcher Christian Vazquez yesterday, Minnesota projects to about $107MM in total commitments for the upcoming season. That’s well shy of the more than $140MM they spent on last year’s Opening Day roster, but not so far south of the mark that it becomes easy to envision a scenario in which both Correa and Rodon sign on to call Target Field home. The Twins have drawn interest in right fielder Max Kepler this winter, but even in the event of a Kepler deal coming together, a Correa/Rodon combo would push Minnesota well past $150MM in total payroll for the first time in franchise history and would likely lock them into $75-80MM worth of annual commitments to the trio of Correa, Rodon and Byron Buxton.

The Giants, meanwhile, are roughly $43MM from their franchise-record Opening Day payroll even after their deals with Stripling and Manaea. Similarly, though, it’s difficult to see both players landing in San Francisco. The Giants are already a bit north of $180MM in terms of luxury obligations, and that pairing would likely push them into tax territory for the first time. That said, the Giants have topped $200MM in payroll before, and the only player currently signed beyond the 2024 season is Mitch Haniger, who’s signed through 2025. The Giants have been averse to long-term contracts under president of baseball operations Farhan Zaidi, though they made hefty bids for both Aaron Judge and Bryce Harper under his watch.

As for the Cardinals, they were linked to Rodon this past weekend, and Kuty paints them as a fairly prominent player in the bidding. The Cards would make for something of a surprise bidder, having already spent $87.5MM to bring Willson Contreras to St. Louis on a five-year contract. Signing Rodon would likely mean doling out the largest commitment in franchise history and pushing payroll to height never before seen in St. Louis. The Cardinals’ current record for Opening Day payroll is a bit more north of $163MM, in 2021, but they’re already at that rough level right now Rodon could well take them north of $190MM.

Circling back to the Yankees, they at one point reportedly hoped to limit any Rodon deals to four or five years in length, though that doesn’t seem likely to get them in the ballpark. With Judge and Cole both locked into a combined $76MM in annual commitments through the 2028 season (2029 in Judge’s case), adding Rodon to the mix would require budgeting more than $100MM annually for a trio of players for at least the next six years. Giancarlo Stanton is under contract through 2027, as well, further complicating the long-term scenario for Rodon.

At present, Roster Resource projects a $266MM luxury-tax ledger for the Yankees. They’re already set to pay the tax for a second straight season, so they’ll owe $6MM on the first $20MM by which they cross the $233MM threshold and $8.5MM on the next $20MM. Once they reach $273MM in luxury obligations, they’ll be taxed at a rate of 75%, and they’d be taxed at 90% on any dollars beyond the $293MM mark.

Speculatively penciling in an even $30MM AAV (which could, of course, be off by a few million dollars one way or another), the Yankees would jump from their currently projected $11.74MM of penalties all the way up to about $32.65MM in penalties. In other words, they’d pay an approximate $21MM in taxes on top of Rodon’s actual salary for the 2023 season. Passing the luxury threshold by more than $40MM would also drop the Yankees’ top pick in the 2023 draft by 10 places, and any Rodon deal would make it quite difficult to drop under the tax line (and avoid even steeper tax rates as a third-time offender) in 2024.

Mets Interested In Carlos Correa

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The Mets are showing interest in Carlos Correa, report Ken Rosenthal, Dan Hayes and Andy McCullough of the Athletic. It’s not clear precisely how committed they are to making a run at the top remaining free agent, but their presence on at least the periphery of the market makes for a fascinating twist.

This offseason has been dominated by Mets headlines, with the team signing a number of top free agents. New York made nine-figure commitments to retain Edwin Díaz ($102MM over five years) and Brandon Nimmo ($162MM over eight years). The Mets brought in Justin Verlander on a two-year, $86.66MM deal — tying the annual salary record they established with last offseason’s three-year pact for Max Scherzer. They agreed to terms with Kodai Senga on a five-year, $75MM pact and have signed smaller but still notable deals with José Quintana (two years, $26MM) and David Robertson (one year, $10MM).

That spending spree added to a roster that already had the league’s highest payroll. Certainly, the Mets faced a number of key departures as well. They allowed Jacob deGrom, Chris Bassitt and Taijuan Walker to sign elsewhere. That said, they’re already projected well beyond this year’s spending level. New York opened the 2022 campaign with a player payroll around $264MM; they’re projected by Roster Resource at a staggering $336MM figure for next season.

It’s an unparalleled number in league history, one that leaves open the question of how far owner Steve Cohen and his front office are willing to go. Cohen has proven himself undeterred by traditional spending habits, and he’s certainly seemed unfazed by the luxury tax that’s ostensibly in place to prevent any team from spending head and shoulders above the rest.

Roster Resource projects the Mets’ luxury tax number around $350MM at the moment. They’re $117MM clear of the base tax threshold and are going to blow past all four tiers of penalization. New York paid the CBT this past season, so they’re also facing escalating penalties for going over for a second straight year. The Mets will pay a 30% tax on their first $20MM above the threshold ($6MM), a 42% tax on their next $20MM in overages ($8.4MM), a 75% tax on their next $20MM in surplus spending ($15MM) and a 90% tax on any additional dollars. New York is currently an estimated $57MM above the fourth and final tier, one colloquially known as the “Cohen tax” after being introduced in the most recent CBA at least partially in response to Cohen’s reputation for spending. That’s another $51.3MM in taxes, bringing New York’s total projected tax bill to a staggering $80.7MM.

Of course, that’s before considering the possibility of adding another megadeal. Correa is the best free agent still on the board. At the start of the offseason, MLBTR forecasted a nine-year, $288MM contract. The two top shortstops already off the board — Trea Turner and Xander Bogaerts — each best our predictions, with Bogaerts’ $280MM contract coming in well above most expectations. In light of the strength of the market, Correa pushing past $300MM now seems likely, and one could argue for him to approach the $360MM guarantee Aaron Judge received from the Yankees given Correa’s youth and greater defensive value.

Even if we conservatively pencil Correa in for the pre-offseason prediction of $288MM over nine years, that’d come out to a $32MM annual salary. New York would be taxed at 90% on top of that, effectively making it a $60.8MM commitment to the star shortstop for next season. It’d be the kind of move a team has never made for an individual player, and again, that now seems a rather pessimistic view of Correa’s earning power. Certainly, the deal could push longer than nine years and lower the annual salary somewhat — Turner and Bogaerts each received 11 years despite being older than Correa — but any permutation of the contract would involve the team investing an immense sum. Cohen has clearly established himself as an owner unconcerned with precedent, and it’d be foolish to count the Mets out on any free agent at this point.

The Mets don’t need a shortstop, of course, with Francisco Lindor locked in as their long-term answer at the position. Third base isn’t accounted for by a star, with veteran Eduardo Escobar coming off an average season and top prospect Brett Baty still unproven at the MLB level. Relying on Escobar and Baty wouldn’t be a disaster, but installing Correa alongside Pete Alonso, Jeff McNeil and Lindor would lock in All-Star caliber players everywhere on the infield.

Beyond the Mets, the Giants and incumbent Twins are reported to be prioritizing Correa at this stage of the offseason. They’re widely viewed as the top suitors, while teams like the Cubs and Red Sox have been more loosely linked to him. Dansby Swanson, who’s drawing attention from many of the same clubs, remains available as the clear second-best position player still on the open market.

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