Yankees Sign Brian McCann

1:20pm: Joel Sherman of the New York Post has details on the contract (Twitter links). McCann will earn $17MM per season from 2014-18. His 2019 option will vest if he totals 1,000 PAs from 2017-18, catches 90 games in 2018 and is not on the disabled list at the end of the 2018 season. Should his option vest, McCann has the right to void it and hit the open market.

10:30am: The Yankees' decision to let Russell Martin depart as a free agent and use in-house options at catcher last offseason proved to be costly, but general manager Brian Cashman has made sure to upgrade that hole in his lineup in the biggest possible way. The Yankees officially announced today that they have signed Brian McCann to a five-year contract. Reportedly worth $85MM, the contract also contains a sixth-year vesting option that can push the total value to an even $100MM. McCann, who is represented by B.B. Abbott of Jet Sports Management, will also reportedly receive a full no-trade clause.

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As Ken Rosenthal of FOX Sports notes in his article on the deal, the average yearly salary McCann will receive, $17MM, is the highest ever given to a catcher in free agency. While Joe Mauer's average yearly rate of $24MM remains the record for catchers overall, the Twins have said that Mauer will transition to first base on a full-time basis beginning next season, meaning McCann is set to become the game's highest-paid backstop.

McCann posted a typically strong offensive season in 2013, hitting .256/.336/.461 in 402 plate appearances, but he's likely to see his power rise significantly with the presence of the short porch in Yankee Stadium's right field. McCann's defense is also rated highly by various metrics. While his 2013 total of 102 games in 2013 represented a career-low for a full season, the 29-year-old has usually been a durable catcher. Switching to the AL should also allow him to transition to DH as he ages.

McCann was this offseason's top free agent catcher and one of the top free agents overall. While the Yankees had options such as Chris Stewart and Austin Romine in the mix for their 2014 backstop job, the signing represents a significant upgrade. The Yanks forfeit the 18th overall pick in the June draft in signing McCann, while the Braves, the catcher's former team, gain a pick after the first round.

The Rangers and the Red Sox were also known to be targeting McCann. Jarrod Saltalamacchia is now likely the best remaining free agent option behind the plate.

Evan Grant of the Dallas Morning News was the first to report that the Yankees and McCann were close to a deal.  Rosenthal first reported that the agreement was in place and was also the first to report the terms (Twitter links)Jon Heyman of CBS Sports was the first to report the deal's no-trade clause.

Steve Adams contributed to this post. Photo courtesy of USA Today Sports Images.

Twins ‘Making Progress’ On Pierzynski, Targeting Pelfrey

The Twins are "making progress" in their push to reunite with catcher A.J. PierzynskiLaVelle E. Neal III of the Star Tribune reports, citing an anonymous source. Neal reported the news in his article on the Twins' three-year, $24MM deal agreement with Phil Hughes.

Pierzynski hit .272/.297/.425 in 2013 with the Rangers, a line that featured his typical solid power but a career-low in OBP. The Twins, however, are said to value the catcher for his winning background and the edge he'd bring to a team that has lost an average of 97 games over the past three seasons. Perzynski's also durable, appearing in at least 128 games every year since 2002.

In the same article, Neal relates that the Twins may also try to re-sign Mike Pelfrey, who struggled to the tune of a 5.19 ERA in 152 2/3 innings in 2013 in his first campaign after Tommy John surgery. The club reportedly offered a two-year deal in the $10MM range to the 29-year-old righty, who's previously indicated interest in re-upping with Minnesota, though Neal says it's not clear if that deal is still on offer.

Cano Asking Yankees For Nine Years, $250-$260MM

11:00pm: Cano asked for a nine-year deal at $28MM per year, reports ESPN's Buster Olney, a $252MM total that would match Alex Rodriguez's first free agent contract.  He also wants a tenth year vesting option at $29MM.  Olney says the Yankees are in the $170MM range, leaving a gap of around $80MM. 

8:18pm: Robinson Cano requested a nine-year deal in the $250-$260MM range in his most recent offer to the Yankees, a source tells Ken Davidoff of the New York Post. The offer came in a meeting last week.

The Yankees have reportedly offered Cano a deal in the range of seven years and $168MM, which Davidoff notes would still make the second baseman among the highest-paid players in baseball. In addition, a second source says the much-discussed 10-year, $310MM offer floated by Cano's camp hasn't been in play since Cano became a free agent. Nevertheless, the two sides presently appear to be approximately $100MM apart. The Yankees are scheduled to meet again with Cano, who is represented by Jay-Z and CAA's Brodie Van Wagenen, on Monday.

Davidoff writes that the Yankees maintain they won't wait for Cano as they hold discussions with free agents such as Carlos Beltran, Shin-Soo Choo, Jacoby Ellsbury and Stephen Drew. The team also remains interested in Japanese pitcher Masahiro Tanaka. If the Yankees hit their budget limit without signing Cano, club officials say, they'll either move on or force Cano to agree to a much smaller deal than what's now under discussion.

Other potential destinations include the Tigers, the Mariners, the Rangers and the Nationals, and the Mets have met with Cano's representatives, Davidoff writes. However, he adds that no teams have publicly indicated significant interest in the infielder.

AL East Notes: Red Sox, O’s, Rays

Andrew Bailey is a non-tender candidate for the Red Sox after undergoing shoulder surgery, but the reliever tells Brian MacPherson of the Providence Journal that he considers himself a member of the team until he hears otherwise. "Until something is on the table, you try not to think about it," Bailey says. "I'd love to be back with Boston." Here's the latest from the AL East:

  • Rich Dubroff of Comcast Sports Net sifts through offseason possibilities for the Orioles, writing that with the Winter Meetings ahead, Baltimore has been more involved in discussions this year than in winters past. Closer Jim Johnson, who's projected to earn $10.8MM in arbitration by MLBTR's Matt Swartz, appears to be a logical trade candidate if the Orioles sign a higher-tier free agent, according to Dubroff.
  • Orioles Executive Vice-President of Baseball Operations Dan Duquette says recent acquisition Johnny Monell could compete for the club's backup catcher job or at DH, according to Dan Connolly of the Baltimore Sun (Twitter link). Roch Kubatko of MASNsports.com tweets that the O's have four catchers on their 40-man roster after adding Monell.
  • The Rays are likely to turn their attention to their first base job after addressing needs at catcher and in the bullpen, Marc Topkin of the Tampa Bay Times says. Trade targets such as Ike Davis of the Mets and Mark Trumbo of the Angels remain available, while players like Justin Morneau or Mark Reynolds could be targets in free agency.
  • Regarding a potential trade of David Price, Topkin writes that the Rays appear to be comfortable listening to what clubs are saying as they go about addressing other offseason issues.

Orioles Acquire Johnny Monell

The Giants announced that they have traded catcher Johnny Monell to the Orioles for cash considerations, according to a tweet from Andrew Baggarly of Comcast SportsNet Bay Area.

Monell has spent his entire career in the Giants' minor league system, but was designated for assignment earlier this week. In seven minor league seasons, the left-handed batter has posted a .267/.351/.456 line. He's accumulated just nine plate appearances at the major league level.

Angels Sign Joe Smith

WEDNESDAY, 10:08pm: Smith's salary will be spread in even, $5.25MM annual increments across the life of the deal, tweets Jeff Fletcher of the Orange County Register. Smith can earn an additonal $250k annually based on games finished, which essentialy means he'd see a bump if he lands in the closer role.

WEDNESDAY, 6:42pm: The Angels confirmed the signing via press release.

SUNDAY, 9:02am: Smith's deal is worth $15.75MM over three years, according to Tim Brown of Yahoo Sports (on Twitter).

SATURDAY, 8:44pm: The Angels are to sign reliever Joe Smith to a three-year deal, Jon Heyman of CBS Sports tweets. The size of the deal is slightly more than $15MM, Heyman adds in a second tweet

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Smith, 29, has been with the Indians since 2009 and is a seven-year major league veteran. The righty has a lifetime 2.97 ERA and turned in a 2.29-ERA, 63-inning campaign in 2013. Angels GM Jerry Dipoto had previously indicated that Ernesto Frieri will return as the club's closer in 2014, so Smith is likely to land in a seventh- or eighth-inning role for the Halos.

The right-hander was widely regarded as one of the best setup men available this winter.  Smith drew a good amount of interest from clubs in need of a bullpen boost, including the Phillies and Rockies.  There was mutual interest between the Indians and Smith in a return, but ultimately Smith wanted more years than the Tribe was willing to offer.

Smith was ranked No. 44 by Tim Dierkes on MLBTR's Top 50 Free Agents list. Remaining late-inning, noncloser relief options include Jesse Crain and Edward Mujica.

Smith must complete a physical next week before the deal becomes official, according to Jeff Fletcher of the Orange County Register (Twitter link).  The reliever is represented by Meister Sports Management, according to the MLBTR Agency Database.

Zach Links contributed to this post.  Photo courtesy of USA Today Sports Images.

AL Notes: Royals, Kinsler, Napoli, Rangers, Angels

It's a weak market for catchers now that the Yankees have taken Brian McCann off the board, an article by Bradley Woodrum of Fangraphs shows. While teams such as the Red Sox, Rockies and Rangers are still in the market for backstop help, the best remaining option, Jarrod Saltalamacchia, will bring a large platoon split to the lineup of whichever team signs him. Here's the latest from around the AL, as a busy evening on MLBTR draws to a close:

Early Reactions To The McCann Deal

Let's take a look at some of the early reactions to the Yankees' reported five-year, $85MM deal for Brian McCann:

  • Troy Renck of The Denver Post tweets that the Rockies were "very aggressive" in angling for McCann but weren't prepared to offer $100MM to a player that will probably be DHing by the contract's end.
  • While the Rangers lost out on McCann, there are still players available that would boost the team's offense, Evan Grant of The Dallas Morning News writes. Texas continues to seriously consider Shin-Soo Choo and Carlos Beltran for their left field job, while Jacoby Ellsbury and re-signing Nelson Cruz are also possibilities.
  • With McCann off the board, the Rangers could also target a catcher who bats from the left side on a short-term deal, then platoon him with Geovany Soto, Grant writes. As a switch hitter, Dioner Navarro would appear to fit that bill.
  • The Red Sox were interested in McCann, but their offer wasn't close to what he ended up getting, Pete Abraham of The Boston Globe tweets.
  • In a post for ESPN Insiders (sub. req'd.), Keith Law writes that the signing addresses the Yankees' most pressing need and projects that the deal will ultimately be "one of the most sensible" agreements of the offseason. While Law admits that five years is a lot to commit to a catcher, McCann should be able to take advantage of Yankee Stadium's short right porch to boost his power numbers. His article also suggests that McCann's strong framing skills add value in a way that isn't reflected in current defensive metrics. 
  • The Braves remained in discussions with McCann's agent, B.B. Abbott, as recently as Friday, David O'Brien of The Atlanta Journal-Constitution says (Twitter link). However, they weren't invovled in the multi-year bidding for the catcher. The Braves will receive a draft pick after the first round becuase of the signing, O'Brien notes.

Cardinals, Jhonny Peralta Close To Deal

SATURDAY, 10:19pm: The Cardinals are close to a deal with Jhonny Peralta, a source tells Jerry Crasnick of ESPN.com (Twitter link).  Peralta is expected to receive four years in the deal, a source tells Jon Morosi of FOX Sports (via Twitter). However, the Cardinals have yet to confirm that an agreement is in place, Morosi adds in a second tweet.

Peralta, 31, is coming off a solid .303/.358/.457 season but his value took a hit thanks to his 50-game suspension for involvement with the Biogenesis PED scandal.  For the Cardinals, Peralta represents a very significant offensive upgrade over shortstop Pete Kozma, even if he looks more like his 2012 self (.239/.305/.384) than ’13.  

A report late last week indicated that Peralta was seeking a four-year pact in the $56-75MM range.  Meanwhile, three GMs told Peter Gammons that Peralta’s reps were hinting to teams that they had a four-year, $52MM offer in hand.  This weekend, that team has been told that they’re “not even in [the] game,” according to Jon Heyman of CBSSports.com (via Twitter).

For his career, Peralta owns a .268/.330/.425 slash line over eleven seasons with the Indians and Tigers.  The veteran’s -0.4 career UZR/150 isn’t terribly impressive, but the metric shows that he has been playing much better defense at the shortstop position over the last three seasons.

Peralta is represented by SFX, according to the MLBTR Agency Database.

Zach Links contributed to this post.

Quick Hits: Tigers, Napoli, Rangers, Rays

An interesting study by Conor Glassey for his website examines which states big leaguers in the past five years were drafted from. As expected, the warm-weather states of California, Florida and Texas dominate the rankings, together accounting for more than 40 percent of drafted players. However, Illinois high schools were found to be surprisingly productive in developing future big leaguers. Let's round up the latest from around baseball:

  • Buster Olney runs through Max Scherzer rumors in a video for ESPN, concluding that he will "almost certainly not be" traded this winter. The Tigers are in full win-now mode, and other teams are unlikely to surrender major talent for this year's AL Cy Young winner, as he's not expected to sign a long-term extension with Scott Boras as his agent. Scherzer, who's on track to hit free agency after next season, is projected to earn $13.6MM in his final season of arbitration by MLBTR's Matt Swartz.
  • Rick Porcello is "expected" to be traded, Olney says in the same video.
  • The avascular necrosis in Mike Napoli's hips has come up in discussions with some clubs, agent Brian Grieper said in an interview with WEEI, but other teams don't consider it an issue. WEEI's Alex Speier notes that Grieper opted not to disclose whether the first baseman had received a multi-year offer yet.
  • T.R. Sullivan of MLB.com becomes the latest writer to report that Masahiro Tanaka isn't a top target for the Rangers. Offense is more of a priority for Texas this winter, Sullivan writes.
  • Marc Topkin of the Tampa Bay Times previews the Rays' potential targets in trade and free agency this offseason. At first base, the Mets' Ike Davis might be an option, along with Logan Morrison of the Marlins, Mitch Moreland of the Rangers, and another Met, Lucas Duda. In free agency, the Rays could attempt to court Corey HartLyle Overbay or Justin Morneau. Topkin also examines possibilities at catcher and closer.