Today's mailbag gets into Nolan Arenado's future with the Cardinals, offensive struggles for the Rangers and Red Sox, hot starts for the Angels and Giants, and much more.

Sam asks:

Arenado is off to a pretty good start with his surface level stats but his batted ball profile is still pretty bad. Barring an injury to a third baseman on a contender, is he going to be playing for the Cardinals for the next 3 years?

Arenado, 34 today, has an excellent 136 wRC+ through 74 plate appearances.  His Statcast numbers have always been middling since he was traded to St. Louis four years ago.  As you know, the Cardinals tried to move Arenado during the offseason, both to save money and open up playing time for younger players.  Arenado wasn't willing to say yes when asked to approve a trade to the Astros in December, and no deal materialized with the four other teams on the third baseman's list.

In February, Katie Woo of The Athletic reported that the Cardinals "had conversations with at least nine organizations" about Arenado during the offseason.  Woo said the other four teams on Arenado's list besides the Astros were the Dodgers, Red Sox, Padres, and Yankees.  The rigidity of Arenado's list is confusing.  He said, "I don’t see myself changing that list ever. I have a family now. … To be willing to pick up my family and move them, it has to be something that’s worth it."  Arenado is clearly not bound entirely by geography, having chosen teams on both the East and West coast.  But let's look at some playoff odds from when the season opened:

• Astros: 53.5%
• Dodgers: 97.6%
• Red Sox: 56.2%
• Padres: 35.1%
• Yankees: 62.3%
• Cardinals: 23.2%
• Tigers: 46.6%
• Royals: 41.8%
• Angels: 10.5%

Is it fair to say that for Arenado to leave the comfort of St. Louis he needs what he considers a strong chance at winning the World Series, but he might accept a lesser chance for a team near where he grew up, such as the Padres?  What makes this tricky is that Arenado seems to have developed his own playoff odds.  Playoff odds are not reliable in the best case, and Arenado is probably worse at this than FanGraphs.

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This week's mailbag gets into PTBNL trades, the Brewers' recent trade history, the Mariners' inactivity, and questions about players such as Jordan Romano, Andy Pages, and Brett Baty.

Scott asks:

When a trade happens that includes a Player to be named later or cash considerations, like between the Red Sox and Brewers, how is it determined which goes - a player or cash? Seems like that would have to be predetermined to ease the negotiations, but the implication in the title implies it's a decision to be made later?

I posed Scott's question to an team executive friend, and he kindly gave a great in-depth reply.  Here it is:

"There are two PTBNL / Cash constructs that are most common. The first is where one of the clubs involved in the trade gets to choose one or more players from an agreed upon list. The agreed upon list is determined at the time of the initial trade. The club receiving the PTBNL has the right to instead receive “alternative cash considerations” that cannot exceed $100k. The option to receive cash comes into play only if the club with the right to receive the PTBNL decides they don’t want any of the players within the previously agreed upon grouping. This outcome could occur if one or more of those players suffers an injury or other plight whereby they are no longer of interest to the club holding the right to acquire them. By way of example, if Team A has the right to pick either Player X or Player Y as the PTBNL, but both players have suffered significant injuries since the time the trade was agreed upon, then Team A might rather take the cash rather than an injured player.

The second primary construct where you see a PTBNL or Cash involved in a trade occurs if the trade is really just for cash, but the team set to receive the cash wants to “dress it up” a little bit. This situation could occur if the team is trading away a notable player and needs to make it look like there’s a more significant return than simply money coming back their way. In these situations, the two clubs involved in the trade can agree to phrase the trade as a PTBNL or Cash despite both clubs agreeing that the return will be cash only.

A PTBNL is not always a low-level player. The only restriction is that a PTBNL cannot be someone who has appeared on an active Major League roster between the time the trade was agreed to and the time he is sent to his new club."

Zack asks:

How long of a leash should the Phillies have with Jordan Romano? He has lost velocity on his fastball and slider and he looks shaky when on the mound. Maybe it's a mechanics issue he can work through? He looks like he's searching for his form on the mound, I hope he can figure it out as we need him!

The tough thing is that Romano arguably hasn't been an effective reliever since June of 2023.  Rob Thomson hasn't used Romano in the club's highest-leverage situations thus far, but he still was Dave Dombrowski's main offseason bullpen addition.

Romano's elbow inflammation surfaced in March 2024.  He debuted in mid-April last year but was done after 15 appearances once the injury resurfaced.  He wound up having arthroscopic elbow surgery in early July.  The Blue Jays, who knew Romano best, didn't want him back at what would've likely been his same $7.75MM salary.  Around the Winter Meetings, Dombrowski gave Romano about $750K more than that.

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