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More Reaction And Analysis Of The Zack Greinke Signing

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We’ve already published some early reactions last night to Zack Greinke’s six-year, $206.5MM contract with the Diamondbacks, yet the baseball world has plenty more to say about the industry-shocking deal.  Here’s some more opinions and news…

  • It will take more than just Greinke to make the D’Backs the NL West favorites in 2016, MLB.com’s Mike Petriello writes.  That said, the team was on track to improve even without Greinke, and his addition obviously greatly upgrades the rotation, which was Arizona’s greatest need.
  • The Dodgers made a curious choice in not spending more to land Greinke, FOX Sports’ Jon Paul Morosi opines.  While Arizona surpassed all industry expectations for Greinke’s contract, the Dodgers have the financial might to never be outbid on any player they truly want, and the fact that they were willing to offer Greinke a five-year, $155MM deal indicates that there was legitimately interest on Los Angeles’ part.  With Greinke gone, the Dodgers now have to spend either money or prospects to acquire another ace.
  • Had the Dodgers been willing to part with some top prospects, they could’ve landed Cole Hamels from the Phillies last season and already had another long-term ace on hand to cushion the blow if Greinke left, FOX Sports’ Ken Rosenthal notes.  While the Dodgers, like any team, are loath to move their best minor leaguers, Rosenthal argues that L.A. is in unique position to instantly reload the farm system given how much they’ve spent to dominate the international talent market.
  • The Dodgers’ offer already put them beyond their comfort zone, and the team believed they were on the verge of welcoming Greinke back, Bill Shaikin of the Los Angeles Times writes.  The Dodgers thought “the issue was more about how to structure a deal and less about whether there would be one.”  For Dodger fans, this is the clearest sign yet that the team wants to get a younger roster, as it is “terrified” of being hamstrung by too many unreliable veterans on huge contracts, a la the Yankees and Phillies of recent years.
  • Despite this fear, the Dodgers don’t really have all that many long-term salary commitments, as ESPN’s Buster Olney points out in his latest subscriber-only column.  Carl Crawford, Andre Ethier, Brett Anderson and Alex Guerrero all come off the books after 2017 while Adrian Gonzalez, Yasiel Puig, Hyun-jin Ryu and Brandon McCarthy are all free agents after 2018.  Like Morosi and Shaikin, Olney points out that the Dodgers now face extra pressure from their fans as, after years of exorbitant spending, a star player has now left for financial reasons.
  • From the Diamondbacks’ perspective, Olney reports that some around the industry feel the club could eventually have to cut costs due to the signing, as the Snakes did for spending so freely in the years leading up to their 2001 World Series title.  Still, Arizona’s payroll is greatly helped by the fact that Paul Goldschmidt’s contract has become a huge bargain.
  • Other teams aren’t pleased with the signing, ESPN’s Jayson Stark tweets, noting that the D’Backs have received almost $80MM in revenue sharing payments over the last three years.  (As other writers have responded in other tweets, however, it seems like teams would be just as upset if the D’Backs pocketed the money instead of spending it on players.)
  • With the Greinke market escalating to such incredible heights, Bruce Jenkins of the San Francisco Chronicle argues that the Giants were fortunate to get out of the hunt rather than commit so much money to a 32-year-old pitcher.  Jenkins feels the Giants could pivot to signing both Mike Leake and Jeff Samardzija, just to increase the heat on the Dodgers.  One of those steps has already been taken, as the Giants agreed to a five-year deal with Samardzija today.

Reactions To And Effects Of The Zack Greinke Deal

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Here’s a quick roundup of links on the Diamondbacks’ very surprising, and extremely expensive, $206.5MM pact with Zack Greinke.

  • Diamondbacks executives Tony La Russa and Dave Stewart met with free agent starting pitcher Mike Leake on Thursday, FOX Sports’ Ken Rosenthal tweets. The Snakes remain interested in signing Leake even after agreeing to terms with Greinke, suggesting that they’ll continue to be active on the market for starting pitching despite the huge splash they’ve already made.
  • Johnny Cueto and Jeff Samardzija stand to benefit from Greinke’s signing with Arizona, ESPN’s Jerry Crasnick tweets. The signing leaves the market thinner, and the Dodgers, Giants and Cardinals are all still looking for starting pitching.
  • Greinke’s hefty deal was an appropriate one for a player who ESPN’s Keith Law (Insider-only) sees as the best free agent starter available this offseason. Greinke’s offspeed stuff, brilliant command and feel for pitch sequencing make him a solid bet to continue to be successful even if his velocity declines, making him as close to Greg Maddux as there exists in today’s game. Law does agree with the Diamondbacks’ apparent self-assessment that they still need another starter, however, and argues that they’re still a few pieces short of being real contenders.
  • Greinke’s huge new contract is a risky but bold move for the Diamondbacks, who have suddenly made themselves relevant in the NL West, Yahoo! Sports’ Tim Brown writes. The deal gives the Diamondbacks a bona fide ace to add to their collection of younger talent. It does, however, make their success in the future fairly heavily dependent upon the success of the contract, given that Greinke’s astronomical annual salaries will take up what will likely be huge chunks of the Diamondbacks’ relatively modest payrolls.

Diamondbacks In Pursuit Of Zack Greinke

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The Diamondbacks are pursuing Zack Greinke, Ken Rosenthal of FOX Sports tweets. Two other NL West teams, the Giants and Dodgers, had been widely reported to be the top two contenders for Greinke, but it appears another team has entered the fray.

This offseason, the Diamondbacks have shown interest in a variety of starters, including Johnny Cueto, Kenta Maeda, Mike Leake and Shelby Miller, but it’s a bit surprising to hear that they’re a possible contender for an up-market option like Greinke. Obviously, Greinke won’t be cheap — MLBTR’s Steve Adams recently predicted he’d get a six-year, $189MM deal. That total would be almost three times more expensive the Diamondbacks’ largest-ever contract (Yasmany Tomas’ $68.5MM deal, signed last November), and the team has recently expressed skepticism about long contracts for pitchers. They did, however, reportedly offer Cueto a six-year deal worth $120MM. Also, the Los Angeles News Group’s J.P. Hoornstra tweets that the team does have the money to sign Greinke.

Diamondbacks CEO Hall On Pollock, Cueto

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Diamondbacks CEO Derrick Hall met with the media in Arizona tonight, and among the topics addressed was the status of center fielder A.J. Pollock, whose name has frequented the rumor mill in recent weeks, most prominently in connection to Braves right-hander Shelby Miller. As Nick Piecoro of the Arizona Republic writes, however, Hall more or less shot down any plausibility of Pollock being dealt to another team in a trade.

“It’s clear that every team knows that [Paul Goldschmidt] is off limits,” Hall told reporters. “It’s almost time to send a message that A.J. is off limits. … It’s no surprise that he’s the first name that comes up, really in every conversation we have. It’s like Goldy two or three years ago. He came up in every conversation. I think it’s safe to categorize him as almost untouchable.”

Not only are the Diamondbacks strongly opposed to discussing Pollock’s name in trades, according to Hall, they’ve also had discussions about trying to work out a long-term contract with the standout center fielder. Talks to this point have been internal, Hall said, but he added that it makes sense for the D-backs to consider an extension given “who he is, what he means to this team, where he is right now service time-wise.”

Pollock’s service time could make an extension difficult to reach, as the D-backs don’t have the same leverage they’d have with a younger player that was still years from arbitration. Pollock has accrued more than three years of Major League service, thus making him arbitration-eligible for the first time this offseason. With a projected payday of $4.3MM (courtesy of MLBTR contributor Matt Swartz), Pollock has achieved a small amount of financial security (well, “small” relative to his veteran peers) and probably doesn’t feel as much pressure to take a long-term deal as he would if he had to get through another pre-arb season or two before earning much more than the league minimum.

Also factoring into the discussion is Pollock’s age; with his 28th birthday around the corner (Dec. 5), Pollock currently projects to hit free agency entering his age-31 season. If he continues his current trajectory — Pollock has batted .311/.363/.498 with 27 homers, 53 steals and elite defense in 232 games since 2014 — he could be in line for an enormous six-year contract. On the flip-side, if he takes a long-term deal that affords immediate financial security but also delays his free agency by a year or two (something Arizona would surely want to achieve in a theoretical extension), Pollock would be hitting the open market at 32 or 33. While that’s not to say that he couldn’t still be paid handsomely, teams would be more reluctant to commit to a longer term at an advanced age — especially for a player who derives much of his value from plus center field glovework.

It’s possible, perhaps, that the two sides could merely work out a three-year deal to lock in Pollock’s arbitration salaries, giving him advanced financial security and giving the D-backs a slight bit of savings and cost certainty over their payroll through the 2018 season.

Cost certainty may not sound like a sizable advantage, but it’s beneficial for clubs as they look to map out their next several years and can make it easier to spend on more expensive free-agent options. Hall’s comments on right-hander Johnny Cueto are a testament to that. Cueto reportedly rejected a six-year, $120MM offer from the D-backs, and Hall said on Thursday that it’s “difficult for a team like ours to even go six years,” adding that even five-year commitments are a challenge for the D-backs, who have traditionally operated with a mid-range payroll. (Although, the Diamondbacks did ink a new $1 billion TV contract earlier this year.) While the D-backs reportedly aren’t out of the mix on Cueto entirely, Piecoro notes that Hall did hint at the fact that the team might be moving on to other options.

“It’s debatable,” said Hall. “Look, we’ll see. We’ll cross that bridge. There’s Plan B and Plan C, and if we move on, we probably couldn’t revisit it if we move on to those other moves.”

While Hall, naturally, left “Plan B” and “Plan C” to the imagination, it’s probably safe to assume that one fallback plan for Cueto is Japanese right-hander Kenta Maeda, who we now know will be posted for MLB clubs this offseason. GM Dave Stewart publicly voiced his interest in Maeda last offseason and said this winter that the team has continued to monitor him. Arizona has also been connected to right-hander Mike Leake, an Arizona State grad, on multiple occasions. Given the payroll parameters within which the D-backs typically operate, it stands to reason that signing Maeda, Leake or a similarly priced free agent would indeed, as Hall alluded to, prevent them from further bolstering their rotation with an increased offer to Cueto.

Braves Listening On Shelby Miller; Interested In A.J. Pollock, Jorge Soler

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6:56pm: The Braves continue to ask the Diamondbacks for A.J. Pollock, reports Ken Rosenthal of FOX Sports (links to Twitter). After the D-backs initially rejected Atlanta’s proposal of Miller for Pollock, the Braves came back with an offer of Miller and right-hander Arodys Vizcaino for Pollock and minor league right-hander Aaron Blair, which Arizona also rejected.

Clearly, while the Braves are in a state of rebuilding, there’s interest on their behalf in adding a piece that can help them in 2017, when much of the team’s young stable of pitching prospects will be emerging onto the Major League scene. Both Pollock and Soler (mentioned in the previous update) fit that bill, with Soler possessing even more club control than Pollock, who is a free agent after three seasons (the same as Miller).

6:40pm: Shelby Miller’s name is one of the most popular on the rumor circuit at present, with recent reports indicating that as many as 20 teams have checked in on the Atlanta right-hander. Jon Heyman reported yesterday that the Yankees, Marlins, Giants, Dodgers and Diamondbacks are all among the teams to have expressed interest, and further details on the Miller market are beginning to emerge.

Today, ESPN’s Jerry Crasnick reports that the Braves are highly interested in Cubs right fielder Jorge Soler, but right-hander Julio Teheran probably isn’t enough to pry Soler away from Chicago (links to Twitter). One person familiar with Atlanta’s thinking also told Crasnick that the Red Sox could be a match, though that tweet preceded tonight’s record-setting agreement with David Price.

Meanwhile, Joel Sherman of the New York Post reports that the Cubs, Diamondbacks, Dodgers and Giants are the teams that appear to be the most interested in Miller, but the Braves might be waiting until Price’s deal becomes official and Zack Greinke makes a decision before ultimately determining whether or not they should move Miller. Greinke is said to be choosing between San Francisco and L.A., so it stands to reason that whichever club loses out on Greinke could show an increased willingness to part with talent to land Miller.

Heyman hears that one name that’s unlikely to be included in a Miller deal is Joc Pederson (Twitter link), The Dodgers have “made clear” that they’d prefer to deal from their deep well of prospects as opposed to part with Major League ready talent such as Pederson, whose name isn’t involved in trade discussions between the two sides at this time.

The 25-year-old Miller is set to hit arbitration for the first time this winter and is projected by MLBTR contributor Matt Swartz to earn $4.9MM next season. He’s controllable for three more years and is coming off a fine 2015 campaign in which he recorded a 3.02 ERA with 7.5 K/9, 3.2 BB/9 and a 47.7 ground-ball rate in 205 2/3 innings. The ERA, ground-ball rate and innings total each ranked as a career-high for the former first-round pick.

Latest On Johnny Cueto’s Asking Price

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10:46pm: Arizona’s interest in Cueto was and perhaps still is rather intense, according to reports. The organization sent a delegation including GM Dave Stewart, chief baseball officer Tony La Russa, and president Derrick Hall to the Dominican Republic to meet with the righty, ESPN.com’s Jerry Crasnick reports on Twitter. And the D’backs still have interest after the initial offer was rebuffed, per Bob Nightengale of USA Today (via Twitter), who adds that the club “realize[s]” that Cueto can command more than a $20MM AAV over six years after Jordan Zimmermann got $22MM annually for five.

Of course, the Diamondbacks aren’t alone in pursuing the veteran. Among the other teams to reach out to his representatives are the Dodgers, Giants, Red Sox, and Cubs, per Jon Heyman of CBSSports.com. That group of large-market contenders has always figured to factor at the top of the free agent pitching pool.

11:52am: Johnny Cueto reportedly rejected a six-year, $120MM contract offer from the D-Backs recently, and ESPN’s Jerry Crasnick now reports that teams in the market for Cueto believe he’s seeking $140-160MM in total — a contract that would vault him into Jon Lester territory (Twitter link). According to Crasnick, the Diamondbacks initially planned to offer Cueto about $110MM but upped their offer to $120MM late in talks (Twitter link). The increase, however, wasn’t enough to get the job done.

It would seem, then, that Cueto’s camp is seeking a contract that doesn’t offer any sort of reduced rate due to the minor elbow issues that plagued Cueto this summer or due to his late-season struggles. Cueto was masterful in his first four outings with the Royals, pitching to a 1.80 ERA in 30 innings, including a complete-game shutout of the Tigers. However, he limped to a 6.49 ERA over his final nine starts (51 1/3 innings). There were a few quality starts mixed in toward the end, but many speculated as to whether Cueto was fully healthy. Cueto and Salvador Perez reportedly worked to adjust where Perez would set the target for Cueto’s pitches, but he still had mixed results from that point forth.

Cueto’s postseason was a true mixed bag — one so-so start, one meltdown and a pair of dominant gems in pivotal games. His final outing — a one-run complete game over the Mets in Game 2 of the World Series — was a nice final impression to make as he headed into free agency. Nevertheless, Cueto’s overall body of work following his mild elbow flare-up and trade to the Royals saw him yield 58 earned runs in 106 1/3 innings (4.91 ERA) with a 75-to-27 K/BB ratio and 118 hits (13 homers) allowed.

None of that is to say that Cueto can’t or shouldn’t secure a hefty payday, of course. Despite those issues, the perception of Cueto has remained that he’s one of the three or four best starters on the market (depending on one’s feelings about Jordan Zimmremann), and we at MLBTR still projected him to clear $100MM with relative ease (though the $120MM he rejected already surpassed our most recent $115MM figure). Prior to those issues, a Lester-esque contract was a perfectly reasonable expectation for Cueto, and the possibility that he exceeded that figure was certainly present. Cueto, after all, logged a 2.48 ERA in 677 1/3 innings from 2011-14 despite pitching his home games in one of baseball’s most hitter-friendly parks, and he carried a similarly elite 2.62 ERA and a 120-to-29 K/BB ratio through 130 2/3 innings with the Reds this season.

Cueto is a clear front-line starter when healthy and at his best, and he’s entering the open market heading into his age-30 season, having not yet even celebrated his 30th birthday as of this writing. That he’s already received a $120MM offer suggests that the demand for his services is strong, which certainly plays into his camp’s favor as the Winter Meetings approach.

Shelby Miller Drawing Significant Trade Interest

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Braves right-hander Shelby Miller is one of the hottest names on the trade market, reports Jon Heyman of CBS Sports, with as many as 20 teams having checked in on the young right-hander. There’s no indication that anything is close at this time, Heyman notes, and the Braves are said to be asking a huge haul in return for Miller, who has three years of affordable club control remaining.

The Dodgers, Yankees, Marlins, Diamondbacks and Giants have all shown interest in Miller to this point. According to Heyman, the Braves asked the Yankees for right-hander Luis Severino in exchange for Miller, and the Marlins were asked to part with outfielder Marcell Ozuna and other pieces in order to pry Miller away from Atlanta. Those steep asking prices line up with previous reports pertaining to the Braves’ talks with the Diamondbacks, when they reportedly asked that Arizona part with star center fielder A.J. Pollock. (Those talks didn’t gain traction.)

Miller, acquired alongside minor league righty Tyrell Jenkins in exchange for Jason Heyward and Jordan Walden, is coming off a strong debut season with the Braves. The former first-rounder logged a 3.02 ERA with 7.5 K/9, 3.2 BB/9 and a career-best 47.7 percent ground-ball rate in 205 1/3 innings (the innings total was also a career high). Miller won only six games due to Atlanta’s bullpen struggles and a lack of run support, but that actually enhances is value in a way. Teams won’t be deterred by a poor win-loss record when evaluating Miller, but the lack of wins will suppress his arbitration earnings, as the arb process still factors in pitcher wins/losses rather heavily. Miller’s strong body of work as a whole to this point in his career still makes for a $4.9MM projection from MLBTR contributor Matt Swartz, but the number assuredly would’ve been greater had his record aligned more accordingly with his ERA.

One factor that clubs may consider, though, is that Miller’s overall numbers are propped up by what was an unsustainable run of sub-2.00 ERA production through the season’s first two months. From June 1 through season’s end, Miller posted a quality (but less impressive) 3.77 ERA with 8.0 K/9 against 3.6 BB/9 across 138 1/3 innings. Miller’s strikeout rates and control numbers have fluctuated somewhat throughout his career, but low BABIP totals and seemingly good fortune in terms of homer-to-flyball rate have led to a large discrepancy between his 3.22 ERA and metrics such as xFIP (4.08) and SIERA (4.10). Miller’s BABIP has always been below the league average, though, as has his HR/FB, suggesting that some of the perceived fortune could be more skill-based in his case.

Ultimately, the value placed upon him in a potential trade (if he is moved at all) will be dependent on whether the club places more emphasis on his ERA or on his secondary stats. Even if Miller is more of a mid- or upper-3.00 ERA type of pitcher, three seasons of control over him would still come with significant value, so it’s logical to see Atlanta placing a sizable asking price on Miller when listening to offers from interested parties.

Rosenthal On Cardinals, Cubs, Dodgers, Cueto, Ross

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Ken Rosenthal of FOX Sports has a new notes column that contains quite a few Hot Stove related items. Some highlights from his latest piece…

  • There’s a belief in the industry that the Cardinals’ new television deal — which begins in 2018, when it will net the team $50MM and continue to rise to about $86MM, per Forbes — could allow the team to sign two premium free agents. Rosenthal adds, though, that the Cardinals could nonetheless be uncomfortable making the top bid for David Price or Jason Heyward and might be “reluctant” to commit the type of dollars Chris Davis will command.
  • Meanwhile, the Cubs probably only have the financial firepower to add about $20MM to their annual payroll this winter. Sources tell Rosenthal that the club’s payroll will be in the $130-140MM range for the foreseeable future. Based on the numbers at Cot’s Contracts and MLBTR’s arbitration projections, the Cubs are a bit over $110MM in 2016 when including league-minimum players. That leaves some wiggle room for two adds, but probably not if one of those players is Price or Zack Greinke. Rosenthal notes that the Cubs could add a young pitcher via trade, possibly for Jorge Soler. That wouldn’t impact payroll much in the near-term and would free the club to pursue Heyward or Alex Gordon to reduce the team’s overall strikeout rate (and improve the outfield defense).
  • The Dodgers have at least discussed the possibility of signing both Greinke and Price internally, according to Rosenthal, but they’re unlikely to go that route. Even the Dodgers and their seemingly limitless budget aren’t keen on the notion of paying three starters in the vicinity of $30MM annually, and they already have one such pitcher in Clayton Kershaw.
  • That J.A. Happ landed a $36MM total from the Blue Jays could serve to increase the leverage that teams like the Indians and Rays have in talks for their starting pitchers. One exec told Rosenthal that “mediocre pitching” now costs a minimum of $30MM total. While that’s true enough, I don’t know that the Happ signing necessarily brought that realization about. We’ve seen players like Jason Hammel, Jason Vargas and Ricky Nolasco clear the $30MM barrier in recent seasons, after all, and Happ’s final push in Pittsburgh shows he’s at least capable of pitching at a high level if those adjustments can be sustained.
  • The D-Backs’ interest in Johnny Cueto stems, in part, from the fact that he’s not tied to draft pick compensation. Arizona selects 13th overall next season and values that pick, Rosenthal writes. The team is reluctant to part with one of the top overall unprotected picks and probably isn’t likely to part with it for a second-tier starter (e.g. Jeff Samardzija, Wei-Yin Chen). Arizona has already been tied to both Mike Leake and Kenta Maeda, either of whom could bolster the rotation without harming next year’s draft.
  • The Padres are still receiving plenty of interest in right-hander Tyson Ross but are only willing to move him for a “monster package,” as Rosenthal terms it. Ross is controlled for two more seasons, and MLBTR projects him to earn $10MM in 2016.
  • Prior to Colby Rasmus accepting their qualifying offer, the Astros considered making a run at Brett Gardner or a similar type of player to fill the club’s leadoff slot, per Rosenthal. Now, however, they’ll likely use Jose Altuve there as the primary option again in 2016.

Quick Hits: Cueto, Cano, Park, Tribe, Colon

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Diamondbacks ownership sees Johnny Cueto as a “special case” who is worth a franchise-altering investment, according to FOX Sports’ Ken Rosenthal (links to Twitter).  The team’s six-year, $120MM offer to Cueto would’ve been above the D’Backs stated comfort zone of a $15MM-$18MM average annual salary for a pitcher, yet Rosenthal notes that Arizona has been willing to stretch payroll in recent years.  The D’Backs gave their largest contract in club history to an unproven rookie in Yasmany Tomas, and they were also prepared to give Masahiro Tanaka a huge contract after posting a bid to negotiate with him in the 2013-14 offseason.  Cueto, meanwhile, rejected Arizona’s offer in order to further explore his options.  With Jordan Zimmermann now off the market, it’s indeed possible that Cueto could perhaps surpass that offer from the Snakes.  Here’s some more from around baseball…

  • The Mariners privately acknowledge that Robinson Cano will inevitably be moved from second to first base, according to Bob Dutton of the Tacoma News Tribune (Twitter link).  The question now may be how many more seasons can Cano remain at the keystone.  Cano just turned 33 last month and his defensive metrics (-7.3 UZR/150, minus-9 Defensive Runs Saved) plummeted.  Since Mark Trumbo could be traded or non-tendered, the M’s may have an opening at first as early as 2016, though I’d guess the club is probably more likely to give Cano at least one more year at second and obtain a short-term first baseman if Trumbo is indeed moved.
  • Byung-ho Park is set to arrive in Minneapolis today to continue negotiating, and perhaps finalize, a contract with the Twins.  Park spoke to Korean media (including Yonhap News) before departing, saying “there are some things we need to go over with the club. I hope to be able to return with a positive result….I am approaching (the upcoming contract talks) with a positive mind.”  Park also discussed transitioning to MLB, speaking to former teammate Jung Ho Kang and his willingness to be a designated hitter in Minnesota if that’s how the club feels he is best used.
  • The reliever market is widely expected to heat up this week, ESPN’s Jerry Crasnick explains in a series of tweets.  Part of the logjam has been due to the fact that two star closers (Aroldis Chapman and Mark Melancon) are on the trade block, so teams are exploring trade options before looking at free agents.  Over a third of league is currently looking for relief pitching help — Crasnick lists the Astros, Athletics, Blue Jays, Braves, Diamondbacks, Dodgers, Mets, Nationals, Pirates, Red Sox, Royals and Tigers.
  • Several bits of Indians roster speculation are discussed by Paul Hoynes of the Cleveland Plain Dealer in his latest reader mailbag.  Highlights include Hoynes’ belief that Lonnie Chisenhall will still be with the Tribe next season rather than be traded or non-tendered this winter, doubt that Jay Bruce would be a legitimate Indians trade target and the idea that Wilin Rosario might be of some interest to add pop to Cleveland’s lineup.
  • Would a reunion with Bartolo Colon be a good move for the Athletics?  Joe Stiglich of CSNBayArea.com looks at the pros and cons Oakland faces in signing the veteran right-hander.

Johnny Cueto Rejects Six-Year/$120MM Offer From Diamondbacks

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10:00pm: The Diamondbacks’ offer was for six years and $120MM, MLB.com’s Steve Gilbert reports.  The $20MM average annual value of the rejected offer already surpasses the $15MM-$18MM range cited by Rosenthal.

6:48pm: D’Backs GM Dave Stewart tells Nick Piecoro of the Arizona Republic that he also visited Cueto in the Dominican Republic in addition to meeting with Dixon, and that Cueto already turned down one contract offer from the club.  Stewart said the D’Backs are still interested in Cueto and understood why the initial offer was rejected.  “When you’ve still got the two big guys who haven’t done anything yet, [David] Price and [Zack] Greinke, you kind of want to wait,” Stewart said.  “Depending on how [Dixon] sees his client, and he probably sees his client above [Jordan] Zimmermann, it puts you in a situation where you want to wait and see what happens.”

Though Stewart didn’t specifically comment on Rosenthal’s reported gap in Cueto’s asking price and the Diamondbacks’ comfort zone, he did imply that his team may have to spend more in order to land the righty.

“I guess ultimately that decision is going to be made by ownership, if we can go there,” Stewart said. “Having a conversation with him gave us an idea of what’s going to happen and what he’s thinking. We’re going to have to wait and see how this thing plays out.”

1:18pm: The Diamondbacks met with Johnny Cueto’s agent last week, sources tell Ken Rosenthal of FOX Sports (on Twitter).  The expectation, however, is that Cueto’s price will exceed with Arizona is comfortable with paying.  The D’Backs want to spend roughly $15MM-$18MM on a free agent starter, while Cueto figures to get more than $20MM per year (link).

Earlier this month, ESPN.com’s Buster Olney reported that the D’Backs were discussing Cueto internally, so it seems that they have at least taken the next step by reaching out to agent Bryce Dixon.  Pitching names like Shelby Miller, Yovani Gallardo and John Lackey have been linked to Arizona via trade and free agency, but those arms would come with a much more modest price tag than Cueto.  Names like Jeff Samardzija and Kenta Maeda represent some of the pricier options that have been mentioned as possible targets for Arizona.

There have been whispers about Cueto’s injured elbow affecting his market, but in a recent interview, Dixon made the case that if Cueto had been hurt, he wouldn’t have been able to deliver such strong results for the Royals in two of his postseason outings.  Overall, though, Cueto did not give the Royals exactly what they expected when they acquired him over the summer.  In 13 regular starts, Cueto posted a 4.76 ERA.  He also pitched poorly in two of his four postseason outings.

Recently, MLBTR’s Tim Dierkes ranked Cueto as the offseason’s No. 8 free agent and pegged him for a five-year, $115MM deal.

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