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Offseason Outlook: San Diego Padres

By Anthony Franco | October 17, 2024 at 11:59pm CDT

The Padres won 93 games and went into October as a trendy pick for a long playoff run. Their bats stalled out in the final two games against the Dodgers, sending them into an offseason that could see a decent amount of turnover with a handful of important free agents.

Guaranteed Contracts

  • Manny Machado, 3B: $314MM through 2033 (including $35MM in remaining signing bonus payments)
  • Fernando Tatis Jr., RF: $306MM through 2034
  • Xander Bogaerts, 2B: $225MM through 2033
  • Jake Cronenworth, 1B: $71MM through 2030
  • Yu Darvish, RHP: $63MM through 2028
  • Joe Musgrove, RHP: $60MM through 2027
  • Robert Suarez, RHP: $26MM through 2027 (can opt out after '25)
  • Yuki Matsui, LHP: $24.75MM through 2028 (can opt out after '26 barring intervening Tommy John surgery)
  • Wandy Peralta, LHP: $13.15MM through 2027 (can opt out after '24, '25 and '26)

Option Decisions

  • LHP Wandy Peralta can opt out of final three years and $13.15MM on his deal
  • Team, SS Ha-Seong Kim hold $8MM mutual option ($2MM buyout)

Additional Financial Commitments

  •  Owe $12.24MM to Red Sox as condition of Eric Hosmer trade

2025 financial commitments: $138MM
Total future commitments: $1.117 billion

Arbitration-Eligible Players (projected salaries via MLBTR contributor Matt Swartz)

  • Luis Arraez (5.121): $14.6MM
  • Dylan Cease (5.089): $13.7MM
  • Tyler Wade (5.058): $900K
  • Michael King (5.004): $7.9MM
  • Adrian Morejon (4.140): $1.8MM
  • Jason Adam (4.132): $5.3MM
  • Luis Patiño (3.061): $800K
  • Luis Campusano (2.144): $1.7MM

Non-tender candidates: Wade, Patiño

Free Agents

  • Tanner Scott, Jurickson Profar, Ha-Seong Kim, Kyle Higashioka, Donovan Solano, David Peralta, Martín Pérez, Elias Díaz, Nick Ahmed

It seems like every offseason in San Diego results in a significant shakeup. This winter will probably be no exception, even if the Padres aren't going to make a single move that is as impactful as last winter's Juan Soto/Michael King blockbuster. Between a hefty arbitration class, a number of free agents who played key roles in 2024, and a late-season injury that dealt a hit to their rotation, there's a lot for the front office to address.

The offseason kicks off with option and qualifying offer decisions. There's not much intrigue with San Diego's pair of option calls. Wandy Peralta will forego his chance to opt out of the remaining $13.15MM on his free agent deal. Ha-Seong Kim will collect a $2MM buyout on his mutual option and test the market.

San Diego probably won't issue a QO to any of their free agents. The midseason trade renders Tanner Scott ineligible, not that the Friars were likely to offer a $21.05MM commitment to a reliever anyhow. Kim once seemed like an easy call for the QO, but his late-season labrum surgery makes that too risky. The only other candidate would be Jurickson Profar, who'll be one of the tougher free agents to value after a career year. If the Padres expect Profar to repeat this year's production, he'd be worth the QO price. Profar's career has been wildly inconsistent, though, and there's probably not enough payroll space to offer the first-time All-Star more than $21MM while addressing multiple holes on the roster.

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2024-25 Offseason Outlook Front Office Originals Membership San Diego Padres

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Yankees’ Ian Hamilton Headed For MRI With Calf Injury

By Anthony Franco | October 17, 2024 at 11:03pm CDT

Yankees reliever Ian Hamilton left tonight’s Game 3 loss in Cleveland with what the team called left calf tightness. The right-hander told Dan Martin and Greg Joyce of the New York Post that he’ll go for imaging before tomorrow night’s game.

Aaron Boone called upon Hamilton in the sixth inning while New York was trailing 2-1. He issued a leadoff walk to Lane Thomas before Daniel Schneemann hit a grounder to first base. Jon Berti knocked the ball down and flipped to Hamilton covering for the out. Hamilton evidently tweaked his calf while running to the bag. He threw a warm-up pitch after a replay of the call at first. He airmailed the throw and was immediately lifted for Tim Mayza.

Hamilton had a breakout season in 2023 after signing a minor league contract. He tossed 58 innings of 2.64 ERA ball behind a 28.9% strikeout rate and an excellent 55.3% grounder percentage. His follow-up has been more solid than great. Hamilton allowed 3.82 earned runs per nine across 35 regular season appearances. The strikeouts dipped by a few percentage points while his ground-ball rate plummeted to a pedestrian 43.8% clip. The 29-year-old missed a couple months midseason with a lat strain.

New York has carried Hamilton on each of their playoff rosters, though he hasn’t played a huge role. He made one appearance in the Division Series, working 1 1/3 scoreless frames with three strikeouts in their Game 2 loss to the Royals. This was Hamilton’s first action of the ALCS.

If the Yankees need to replace him on the roster, his season will be over. Players taken out midway through a playoff round are ineligible for the following series. The Post writes that one of Mark Leiter Jr. or Clayton Beeter would step into the bullpen as a replacement. Beeter only has three MLB games under his belt. Leiter has a lot more experience and seems likely to get the call.

Bryan Hoch of MLB.com relays (on X) that Boone indicated Leiter was the final cut from the pitching staff when the Yankees set their roster before the series. New York acquired the right-hander from the Cubs at the deadline. Leiter was striking out nearly 35% of batters faced at the time. He has continued to miss a fair number of bats in the Bronx (31.7% strikeout rate) but given up far too much hard contact. Leiter has been tagged for six homers in 21 2/3 innings as a Yankee and has been left off both series rosters to date.

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New York Mets Ian Hamilton Mark Leiter Jr.

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The David Bednar Question

By Anthony Franco | October 16, 2024 at 11:23pm CDT

David Bednar has been the subject of trade speculation for the past few seasons. For the most part, that was a testament to his effectiveness. Bednar broke out as a leverage reliever with 60 2/3 innings of 2.23 ERA ball during his first season with the Pirates in 2021. He carried that into the ninth inning. Between 2022-23, the big righty combined for a 2.27 ERA while striking out more than 30% of batters faced over 111 appearances. He locked down 58 games, including an NL-leading 39 saves in 2023.

That production came on rebuilding teams. Pittsburgh was nowhere close to the postseason. Other teams no doubt tried to pry Bednar away, but the Bucs never seemed interested in moving him. He’s a Pittsburgh native who looked like a lockdown late-game weapon. The Bucs control him through 2026 and surely envisioned fielding a playoff team before then.

Bednar could resurface as a trade candidate in the coming weeks but under much different circumstances. He’s coming off by far the worst season of his career. The question now is not whether the Pirates should sell high on an affordable, breakout closer. It’s whether to move on in a cost-saving measure at a time when his trade value has hit a low ebb.

Even with the understanding that reliever performance can be volatile, Bednar’s 2024 season is confounding. After rattling off consecutive sub-3.00 performances in his first three full seasons, he allowed 5.77 earned runs per nine this year. That’s not a reflection of poor batted ball results that could be dismissed as luck. Bednar’s peripherals tanked across the board.

His strikeout rate had landed between 28% and 33% in each of his first three years. That fell to 22.1% this past season, slightly below the league average for relievers. Bednar’s walk percentage jumped from the 7-8% range to nearly 11%. He allowed more home runs (nine) in 57 2/3 innings this year than he’d given up (seven) across 119 frames in the previous two seasons combined. Bednar lost a lot of whiffs on both his four-seam fastball and curveball compared to prior seasons. Opponents teed off on the heater, in particular, hitting .256 and connecting on six longballs.

Bednar started the season terribly, allowing 14 runs in 10 innings through the end of May. He managed much better results over the next two months, albeit without the level of swing-and-miss to which he’d been accustomed. Bednar missed a couple weeks leading into the All-Star Break with an oblique strain. The wheels came completely off coming out of the Break, as he gave up 16 runs over his next 14 2/3 frames.

The Pirates, who had plummeted from contention, pulled Bednar from the ninth inning at the end of August. By that point in the year, the focus was on getting him right going into the offseason. Bednar’s run prevention in September was better, as he allowed a manageable five runs (four earned) over 10 2/3 frames. Yet he walked another 10 hitters with nine strikeouts in mostly low-leverage spots. It wasn’t a resounding finish.

It’d be easier to explain the dip in performance if Bednar’s velocity had tanked coming back from the oblique strain. That’s not the case. His fastball averaged north of 97 MPH from the start of May onward. His 97.2 MPH average heater for the season was the highest of his career. Bednar didn’t lose any life on his splitter or curveball. His stuff hasn’t dramatically deteriorated. His results never consistently turned the corner, though.

That leaves GM Ben Cherington and his front office in a difficult spot. Bednar’s early-career dominance earned him a solid $4.51MM salary during his first run through arbitration. He’ll be due a raise even on the heels of a down year. Arbitration salaries are designed to escalate as a player accrues service time. MLBTR contributor Matt Swartz projects Bednar for a $6.6MM sum if tendered a contract for 2025. That’s the highest figure in Pittsburgh’s arbitration class and would make him the fourth-highest paid player on the roster as things stand.

A $6.6MM salary would be a bargain if Bednar pitched at anywhere near the level he showed from 2021-23. It’s clearly not the kind of money the Pirates (or any team) would want to devote for his ’24 results. The Pittsburgh front office annually works with a tight budget from ownership. That didn’t stop the Pirates from committing a $10.5MM salary to Aroldis Chapman last offseason, suggesting they’re willing to take some chances on talented but volatile relief pitching.

They’ll weigh the risk on Bednar alongside the need for multiple additions to a well below-average offense. Pittsburgh doesn’t have a great bullpen, though someone like Colin Holderman or waiver find Dennis Santana could get a closing opportunity if the Pirates dealt the two-time All-Star.

It’s unlikely the Bucs would non-tender Bednar. He should be too talented to give up without getting anything in return. A sell-low trade is plausible. There are presumably teams that have more budgetary flexibility than the Pirates possess that would be happy to gamble something like $6.6MM on a return to form. That’d be a tough pill for a Pittsburgh front office that has surely declined much better offers over the years than the ones that’ll be on the table this winter.

Image courtesy of USA Today Sports.

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Eight Players Elect Free Agency

By Anthony Franco | October 15, 2024 at 10:53pm CDT

As the offseason nears, a number of players elect minor league free agency each week. These players are separate from six-year MLB free agents, who’ll reach the open market five days after the conclusion of the World Series. Eligible minor leaguers can begin electing free agency as soon as the regular season wraps up. These players were all outrighted off a team’s 40-man roster during the year and have the requisite service time and/or multiple career outrights necessary to reach free agency since they weren’t added back to teams’ rosters.

Electing free agency is the anticipated outcome for these players. There’ll surely be more to test the market in the coming weeks. We’ll offer periodic updates at MLBTR. These transactions are all reflected on the MiLB.com or MLB.com logs.

Catchers

  • Aramis Garcia (Phillies)

Infielders

  • Abraham Toro (A’s)

Pitchers

  • Brandon Bielak (A’s)
  • Caleb Boushley (Twins)
  • Jake Brentz (Royals)
  • Humberto Castellanos (Diamondbacks)
  • Domingo Germán (Pirates)
  • Jeff Lindgren (Marlins)
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Arizona Diamondbacks Athletics Kansas City Royals Miami Marlins Minnesota Twins Philadelphia Phillies Pittsburgh Pirates Transactions Abraham Toro Aramis Garcia Brandon Bielak Caleb Boushley Domingo German Humberto Castellanos Jake Brentz Jeff Lindgren

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Ha-Seong Kim Reportedly Targeting Early-Season Return From Labrum Surgery

By Anthony Franco | October 12, 2024 at 2:36pm CDT

Ha-Seong Kim underwent labrum surgery on his right shoulder on Thursday. The Padres never provided a timeline for the infielder’s return, but Kevin Acee of the San Diego Union-Tribune sheds some light on the recovery. According to Acee, Kim is targeting mid-late April or early May for his return to game action.

If he’s able to stay on that trajectory, Kim could be available for the majority of next season. Kim, who turns 29 next week, now represents one of the more interesting risk-reward plays in the free agent class. He’s still a lock to decline his end of a mutual option. The Padres could make him a $21.05MM qualifying offer, but that’d be a risky decision this early into his recovery from shoulder surgery. QO decisions are due within five days of the conclusion of the World Series. That’ll only afford the Padres about three weeks to gauge Kim’s health before making that call.

It seems unlikely the Padres would take that gamble. That’d allow Kim to hit free agency unencumbered by draft compensation. If healthy, he’d probably be in line for a contract of four-plus seasons. At his best, he’s only behind Willy Adames among middle infielders in the upcoming class. Adames is the only other impending free agent who profiles as an everyday shortstop. Kim has demonstrated that he can play plus defense at second and third base, as well, so he’d make sense for a broad range of teams.

Clubs’ evaluations of Kim’s shoulder will play an important role in his free agent process. If teams believe he’ll be fully recovered within the first month or two of next season, the injury theoretically shouldn’t have a huge impact on demand. That’s a big caveat, so it’s possible Kim’s market dips to the point where he considers a short-term deal.

Kim recently hired the Boras Corporation as his representation. A few rehabbing high-profile Boras clients have signed two-year contracts that allow them to opt out after the first season. Michael Conforto signed for $36MM with the Giants after missing the entire 2022 season to shoulder surgery. Last winter, Rhys Hoskins inked a $34MM deal with the Brewers a season removed from a Spring Training ACL tear.

Neither of those contracts have worked out especially well for the team. Conforto passed on his opt-out after a middling first season in San Francisco. Hoskins will probably do the same with Milwaukee. Kim is a very different player than Conforto or Hoskins — a lot more of his value is tied in his defense — but that’s a general path he might look to follow.

The Athletic’s Dennis Lin wrote this afternoon that the Padres would like to bring Kim back, though he notes that the infielder could price himself out of San Diego’s range. That’d leave the Friars with a question at shortstop. San Diego used Xander Bogaerts at the position down the stretch. Lin indicates the Padres prefer to move Bogaerts back to second base next season. Jackson Merrill came up as a shortstop prospect but played all 1300+ innings in center field as a rookie. Merrill had a fantastic debut campaign, so the Padres could decide to leave him in center.

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San Diego Padres Ha-Seong Kim Xander Bogaerts

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Reds’ Julian Aguiar Undergoes Tommy John Surgery

By Anthony Franco | October 12, 2024 at 12:49pm CDT

Reds righty Julian Aguiar underwent Tommy John surgery on Friday, tweets Mark Sheldon of MLB.com. Sheldon had reported earlier in the week that Aguiar underwent surgery before issuing a correction that the rookie pitcher was still evaluating his options.

The second opinion evidently didn’t allow the 23-year-old to avoid surgery. Aguiar will almost certainly miss the entire 2025 season. Assuming the Reds keep him on the 40-man roster throughout the offseason, they can place him on the 60-day injured list at the start of Spring Training. He’d spend all of next season on the IL before returning to the 40-man during the winter.

Aguiar has developed from a 12th round pick out of a California junior college into one of Cincinnati’s better pitching prospects. Baseball America slotted the 6’3″ righty as the #9 prospect in the Reds system on their most recent organizational ranking. BA credits Aguiar with a plus changeup as the headlining pitch of an otherwise average arsenal. The outlet suggests he could profile as a back-of-the-rotation starter.

Cincinnati called Aguiar up in the middle of August. He earned the promotion with a solid 3.79 earned run average across 116 1/3 innings between Double-A Chattanooga and Triple-A Louisville. Aguiar didn’t have much success in his first look against big league competition. Opponents tagged him for a 6.25 ERA over seven starts. He surrendered eight home runs across 31 2/3 frames while struggling to miss bats. Aguiar generated swinging strikes at only an 8.1% clip, resulting in a well below-average 13.6% strikeout rate.

The Reds lost two potential back-end starters in the waning weeks of the season. Lefty Brandon Williamson also blew out in September and went for his own Tommy John procedure. The Reds still have a promising nucleus of Hunter Greene, Nick Lodolo, Rhett Lowder and Andrew Abbott but will need to find reliability at the back of the rotation. Nick Martinez and Jakob Junis are both expected to decline options and become free agents. Lowder has limited MLB experience, while Graham Ashcraft and Carson Spiers had rough seasons. The Reds could look for multiple starting pitchers during the offseason.

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Cincinnati Reds Julian Aguiar

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Poll: Who Will Win The NLCS?

By Anthony Franco | October 12, 2024 at 9:12am CDT

The Dodgers punched their ticket to the NLCS last night. Solo home runs from Enrique Hernández and Teoscar Hernández were enough to push L.A. to a 2-0 victory over the Padres in the rubber match of their Division Series. The Dodgers blanked San Diego in consecutive games to take the series in five.

They’ll welcome the Mets to Dodger Stadium tomorrow. New York has waited for its destination since finishing off the Phillies in four games on Wednesday. Almost no one would’ve seen this coming when the Mets bottomed out at 11 games under .500. The nadir of their season coincidentally came at the hands of the Dodgers, who swept New York at Citi Field to drop them to 22-33 in late May. The Mets caught fire after that, playing above .500 ball in each of the final four months of the season.

L.A. and New York closed the regular season as the hottest teams in the National League. Their 20-10 record over their final 30 games tied them with the Tigers for best in MLB. The Dodgers secured home field advantage throughout the playoffs by finishing with an MLB-leading 98 wins. New York clawed back to 89 wins and clinched a Wild Card spot on the last day of the regular season. They’ve had a flair for the dramatic in October, coming from behind in four of their five playoff wins.

Both teams have already come back from the edge of elimination. The Mets needed Pete Alonso’s ninth-inning heroics against Devin Williams to escape the Wild Card series in Milwaukee. The Dodger pitching staff silenced San Diego’s bats in consecutive elimination games in the Division Series.

New York has the slight benefit of two extra days of rest. They’ve had three off days since their last game, while the Dodgers get one rest day before starting the series. Each team’s entire bullpen should be in play for Game 1. The Mets will have their rotation outside of Jose Quintana on regular or extended rest at the beginning of the series. The Dodgers turned to Yoshinobu Yamamoto for five scoreless innings last night. They used a bullpen game on Wednesday.

Neither team has revealed a probable starter for Game 1, but the Dodgers are almost certain to turn the ball to Jack Flaherty before going with Walker Buehler in Monday’s Game 2. The Mets could turn in a few different directions. They have Sean Manaea, Luis Severino and Kodai Senga all ready to go. Andy Martino of SNY tweeted yesterday that Senga was likely to get the ball in Game 1, though the Mets won’t finalize that decision until today. The righty is on tight workloads after losing the second half of the season to a calf injury. He’ll probably be limited to two or three innings before turning the ball over to the bullpen. Senga threw two innings and 31 pitches in Game 1 of the NLDS, his first appearance since late July.

The teams have until tomorrow morning to finalize their rosters for the series. The Mets could have an important change. Jeff McNeil has been on the injured list for over a month with a right wrist fracture. Manager Carlos Mendoza said a couple days ago that McNeil had a good chance to be activated. The left-handed hitter started what’ll hopefully be a two-game stint in the Arizona Fall League last night to readjust to game speed.

McNeil made it through the first game with no issues, he told reporters last night (link via Jesse Borek and Anthony DiComo of MLB.com). While the Mets probably won’t make the decision until tomorrow, it seems McNeil will be active. That’d probably push Luisangel Acuña off the roster unless the Mets decide to drop to 12 pitchers despite the longer series.

On the Dodgers’ side, the main injury to monitor concerns reliever Alex Vesia. (There’s also the ongoing question about Freddie Freeman’s ankle but no doubt that Freeman will be on the roster.) Vesia entered with two outs in the seventh inning last night. The left-hander fanned Jackson Merrill to end the inning. He came back out for the eighth but reported soreness in his right side while warming up. The Dodgers lifted him for Michael Kopech, who combined with Blake Treinen to close out the game.

Manager Dave Roberts said postgame that Vesia would go for an MRI today (X link via Fabian Ardaya of the Athletic). The team is hopeful that the discomfort was just a cramp but wants to rule out an oblique injury. If Vesia did tweak his oblique, that’d probably shut him down for the season. Anthony Banda was the only other left-hander in Roberts’ bullpen for the Division Series. Justin Wrobleski and Zach Logue are the other healthy southpaws on the 40-man roster. Nick Ramirez remains in the organization but was outrighted last month and seems unlikely to be considered for a playoff spot.

How will the NLCS play out? Which team is headed to the World Series, and how competitive will this series be?

What Will Be The Result Of The NLCS?
Mets in 6. 30.27% (2,923 votes)
Dodgers in 6. 29.98% (2,895 votes)
Dodgers in 5. 11.87% (1,146 votes)
Mets in 7. 11.20% (1,081 votes)
Mets in 5. 6.97% (673 votes)
Dodgers in 7. 5.50% (531 votes)
Dodgers in 4. 2.42% (234 votes)
Mets in 4. 1.78% (172 votes)
Total Votes: 9,655

 

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Los Angeles Dodgers MLBTR Originals MLBTR Polls New York Mets Alex Vesia Jeff McNeil

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Ha-Seong Kim, Joe Musgrove Undergo Surgeries

By Anthony Franco | October 11, 2024 at 10:48pm CDT

Before the Padres’ season came to an end with tonight’s shutout loss in Los Angeles, San Diego provided a pair of injury updates. Ha-Seong Kim and Joe Musgrove both underwent their previously announced surgeries this week. Dennis Lin of the Athletic tweets that Kim had a labrum repair on his right shoulder yesterday, while Musgrove’s Tommy John surgery was performed on Friday.

Kim’s status will be one of the bigger stories of the offseason. The Padres haven’t provided a timetable for the infielder’s return. It’s not clear how much of next season, if any, he’ll be sidelined. The surgery comes at a brutal time for Kim, who is set to decline his end of an $8MM mutual option and reach free agency this winter. The defensive stalwart had an argument for a deal of four or five years at $15MM+ annually if he were healthy.

His market value is much more difficult to pin down now. Kim looked like a lock to receive and decline a qualifying offer midway through the summer. Unless the Padres expect him to be fully recovered early in the 2025 season, they probably won’t make the QO. The surgery raises the possibility of Kim taking a shorter-term contract. That could be a straight one-year deal or, more likely, a two-year pact that allows him to opt out after the first season.

San Diego will need to weigh a qualifying offer decision on both Kim and Jurickson Profar. If they let Kim walk, they’ll decide whether to go outside the organization for a shortstop or move one of their current players back to the position. The Padres used Xander Bogaerts at shortstop down the stretch. They could keep Bogaerts there with Jake Cronenworth and Luis Arraez on the right side of the infield. San Diego also has the option of giving Jackson Merrill a look at shortstop, but the 21-year-old had such a fantastic season in center field that the Padres may not want to change his role again. Bringing Merrill back into the infield would open a second gap to plug in the outfield alongside Profar’s potential departure.

Musgrove is under contract for $20MM in the third season of his five-year extension. The timing of the surgery means he’s very likely to miss the entire 2025 season. Musgrove isn’t willing to already close the book on the year, however. The righty told reporters he’s maintaining some hope that he could contribute if the Friars make a playoff push. “Some guys regenerate tissues faster than others,” he said earlier this week (via Jeff Sanders of the San Diego Union-Tribune). “I’m always going to leave room for the miracle of coming back in a crazy amount of time. But hearing the stories and reading up and doing my homework and talking with our trainers who have rehabbed tons of these, there’s a lot of importance in giving it the time on the front end that it needs.”

The 31-year-old (32 in December) would need an atypically quick recovery to pitch next season. The standard Tommy John rehab takes around 14-16 months. If Musgrove were to make a surprising return, it’d probably in short relief. The Padres will go into next season with Michael King, Dylan Cease and Yu Darvish as healthy starters. Martín Pérez will be a free agent, while Matt Waldron and Randy Vásquez profile better in depth roles. Musgrove’s injury could lead the Padres to acquire multiple starting pitchers this winter.

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Ricketts Discusses Hoyer, Cubs’ Payroll

By Anthony Franco | October 11, 2024 at 9:32pm CDT

The Cubs missed the postseason for the fourth consecutive season. Chicago finished 83-79 for a second straight year. That’s a frustrating outcome in a down NL Central — especially since Chicago added around $30MM to its Opening Day payroll relative to 2023, per Cot’s Baseball Contracts.

Owner Tom Ricketts spoke with Meghan Montemurro of the Chicago Tribune about the team’s payroll outlook. Ricketts confirmed that the Cubs narrowly exceeded the $237MM base competitive balance tax threshold — as president of baseball operations Jed Hoyer suggested they would in August. Like most owners, Ricketts didn’t provide a clear answer as to whether he’d be willing to pay the tax for a second straight year.

“The penalties on CBT, they grow over time and so you want to be careful when you do it,” Ricketts said. “And so if there’s ever some point in the future where there’s a large financial commitment you want to make midseason, you have to be thoughtful about it.” Ricketts is referencing the escalating penalties for teams that pay the tax in consecutive seasons. The Cubs stayed below the CBT threshold in 2023, so they’re first-time payors this year. That’ll subject them to a 20% tax on their first $20MM in overages. Cot’s estimates that they were only about $300K over the line, so the actual tax payment (roughly $55K) is more or less a rounding error for an MLB team.

Paying at all means the Cubs would be taxed at a 30% rate for their first $20MM in overages if they surpass the threshold next season. That jumps to 42% for the next $20MM and comes with higher penalties (75% and 90%) for the respective $20MM after that. The penalties would increase if the Cubs paid the tax for a third straight year.

The CBT also includes higher penalties for teams that lose or add a free agent who declined a qualifying offer. The Cubs don’t have any impending free agents who’ll get a QO. If they signed a qualified free agent, they’d forfeit their second- and fifth-highest selections in the 2025 draft and $1MM in international bonus pool space.

Next year’s base threshold climbs to $241MM. Cot’s projects the Cubs around $150MM in CBT obligations. That assumes Cody Bellinger will not opt out of the final two seasons on his contract but does not include arbitration projections. MLBTR contributor Matt Swartz projects the entire arbitration class to cost around $33MM if they were all tendered contracts. Moving on from some or all of Patrick Wisdom, Yency Almonte, Christian Bethancourt, Julian Merryweather, Nick Madrigal, Trey Wingenter, Jimmy Herget and Colten Brewer could knock that down to the $20MM range.

That’d leave approximately $70MM before the lowest threshold, so there’s a lot of payroll room before the tax becomes a concern. Ricketts’ note about the potential for midseason acquisitions could point to a preference to stay below the tax line during the offseason. A team’s CBT number isn’t calculated until the end of the season. Salary acquired in midseason pickups counts on a prorated basis in the calculation.

Allocating those resources will be at Hoyer’s discretion. The front office leader is entering the final season of the five-year extension that he signed in 2020. Chicago is still seeking its first playoff appearance since Theo Epstein turned the reins to Hoyer after the ’20 season.

It’s relatively common for teams to sign executives and coaches to extensions before the final year of their deal, thereby preventing from operating in a lame duck situation. Ricketts sidestepped a question regarding a potential Hoyer extension. “He’s under contract, that’s the way I see it,” the owner told Montemurro. “I think he’s motivated. … I think Jed’s going to have a great offseason and put us back in the playoffs next year.”

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Chicago Cubs Jed Hoyer

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Braxton Garrett Diagnosed With Elbow Impingement

By Anthony Franco | October 11, 2024 at 5:42pm CDT

Marlins left-hander Braxton Garrett has been diagnosed with an impingement in his throwing elbow, tweets Christina De Nicola of MLB.com. The southpaw is going through a throwing program at the team’s Florida complex.

The diagnosis is a relief after Garrett ended the season on an uncertain note. Miami shut him down in late September when he experienced elbow soreness during a bullpen session. That raised the possibility of another significant injury for a Marlins starter. Fortunately, testing apparently didn’t reveal any ligament damage and Garrett is already throwing.

That offers hope for a mostly healthy offseason. Like most Miami pitchers, Garrett had his 2024 season wrecked by injury. The former 7th overall pick began the year on the shelf with an impingement in his shoulder. He missed about six weeks and returned in early May. Garrett took the ball seven times before a flexor strain put him back on the injured list in the middle of June. Garrett remained on the 60-day IL from there on out, as the late-season elbow soreness prevented him from returning.

Prior to this generally lost season, Garrett was a mid-rotation starter. He posted consecutive sub-4.00 ERA showings in 2022-23. That included 159 2/3 innings of 3.66 ERA ball during Miami’s surprising playoff season last year. Garrett punched out 23.7% of opposing hitters while walking fewer than 5% of batters faced.

Miami was without Sandy Alcantara for the entire season. They lost Eury Pérez to Tommy John surgery in April. Jesús Luzardo, Ryan Weathers and Garrett all had extended absences during the year. While Pérez will be out until the middle of the season, the Fish could welcome the other four pitchers back by Opening Day. A rotation with Alcantara, Luzardo, Garrett, Weathers and one of Edward Cabrera, Valente Bellozo or Max Meyer has a chance to be a strong group.

The outlook for the rest of the roster isn’t nearly as promising. The Fish have very few established players in their lineup or the bullpen. Even if the rotation stays healthier in 2025, they’re highly unlikely to be playoff contenders. Miami is overhauling the coaching staff after committing to a rebuild of the roster last winter.

Miami could trade from the rotation either this offseason or at next summer’s deadline. They’ll probably hold Garrett into next season to allow him to demonstrate his health. Garrett is eligible for the arbitration for the first of four times as a Super Two qualifier. MLBTR contributor Matt Swartz projects him for a $1.8MM salary.

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Miami Marlins Braxton Garrett

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