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Sean Manaea To Reject Qualifying Offer

By Darragh McDonald | November 18, 2024 at 1:46pm CDT

Left-hander Sean Manaea will reject the $21.05MM qualifying offer that was extended to him by the Mets, per Alden González of ESPN (X link). The southpaw was one of 13 players who received a qualifying offer this year, with the deadline for decisions tomorrow at 3pm Central.

As noted by González, the news doesn’t come as a surprise, as Manaea never really seemed like a candidate to accept the offer. He has a lengthy track record of major league success, with an earned run average of 4.00 in almost 1200 innings, and is coming off one of his best seasons.

Manaea signed with the Mets last offseason, a two-year deal with a $28MM guarantee but an opt-out midway through. The lefty would make $14.5MM in 2024 and then have to decide whether or not to walk away from a $13.5MM salary for 2025.

He eventually made 32 starts for the Mets in his age-32 season, logging 181 2/3 innings with a 3.47 ERA. As noted by MLBTR’s Steve Adams earlier this month, Manaea had altered his arm slot and pregame workout midseason, which seemingly made him even stronger as the year went along. Over his last 20 starts, he posted a 3.05 ERA while pairing a 26% strikeout rate with an 8% walk rate. He also made four postseason starts with the Mets as they pushed as far as game six of the NLCS.

That strong performance made it an easy decision for Manaea to opt-out and return to free agency in search of a larger guarantee. It also wasn’t tough for the Mets to issue the QO, knowing that Manaea could reject it and still have plenty of suitors in free agency. MLBTR predicted Manaea for a $60MM deal over three years, even with the QO attached.

The Mets will now be in line to receive modest compensation if Manaea eventually signs with another club. As competitive balance tax payors, they will receive a pick after the fourth round of the upcoming draft. The signing club will also be subject to a penalty, though the specifics of that will depend upon whether the signing club was a tax payor or revenue sharing recipient.

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New York Mets Sean Manaea

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Submit Your Questions For This Week’s Episode Of The MLBTR Podcast

By Darragh McDonald | November 18, 2024 at 11:45am CDT

On the MLB Trade Rumors podcast, we regularly answer questions from our readers and listeners. With the next episode set for Wednesday, we’re looking for MLBTR’s audience to submit their questions and we’ll pick a few to answer.

The offseason is here, though the stove isn’t exactly hot yet. If you have a question about a past transaction, a look ahead to the winter or anything else baseball related, we’d love to hear from you! You can email your questions to mlbtrpod@gmail.com.

Also, if you want to hear your voice on the podcast, send us your question in audio form and we might play it. iPhone users can find instructions on how to do so here.

In the meantime, don’t forget to subscribe to the podcast on Spotify and Apple Podcasts.

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Reds COO: Payroll To Be “At Or Above 2024” Level

By Darragh McDonald | November 15, 2024 at 6:29pm CDT

The Reds recently severed ties with Diamond Sports Group and will go into 2025 with MLB handling their broadcasts. The club’s chief operating officer and chief financial officer Doug Healy spoke with Mark Sheldon of MLB.com about all the changes, most notably stating that there’s no payroll reduction coming.

“We will maintain payroll levels at or above 2024,” Healy said. “And we will continue to give Nick Krall, Terry Francona and the entire Reds baseball operations the resources they need to field a championship caliber team at the major league level.”

That’s a notable development for the Reds and their fans as it was fair to wonder if a payroll drop was coming. As the regional sports network (RSN) model is decaying amid cord cutting, many clubs have reduced or plan to reduce spending. The Padres went from a $249MM payroll in 2023 to just a $165MM figure in 2024, per Cot’s Baseball Contracts. The Twins went from $154MM to $127MM. The Cardinals and Rangers are reportedly looking to scale back in 2025.

As of a couple of years ago, all of those clubs had deals with Diamond, just like the Reds. Diamond dropped the Padres in 2023 as part of their bankruptcy proceedings, leading MLB to step in and take over. The Twins struck a new deal for 2024 but with reduced fees. For 2025, they will be following the Padres in having the league take over. The Cardinals are still going forward with Diamond next year, though with the fees reportedly about 23% below the prior contract. The Rangers are looking into creating their own streaming service, as opposed to going with the league, but they won’t be back with Diamond.

The Reds are now following the Padres, Twins and other clubs in going with the league-run broadcasts. While the direct-to-consumer model cuts out the RSN middleman, it does require more active uptake than the cable model. Many people over the years have ordered cable packages that included these RSNs, even if they didn’t intend to watch much or any baseball. That gave MLB clubs a source of passive income that won’t be a part of streaming services.

Reportedly, the Reds were getting $60MM annually as part of their deal with Diamond. It’s unclear how much they can expect to receive in 2025 with this new paradigm, but it seems fair to expect that it will be less than that number.

Regardless, that loss of revenue doesn’t seem to be leading to payroll cuts, assuming that Healy can be taken at his word. That’s surely nice news for fans of the club as well as president of baseball operations Nick Krall. The Reds showed some encouraging signs in 2023, promoting a large number of prospects to the majors. That created some optimism for 2024 and the front office tried to spend some money in bolstering the roster, giving eight-figure deals to Jeimer Candelario, Nick Martinez, Frankie Montas and Emilio Pagán.

Unfortunately, the Reds were bit hard by the injury bug this past season, with most of the players on their roster missing some or all of the campaign. The result was a lackluster 77-85 season that saw them fall well short of a postseason berth. Krall and his staff are now going to be tasked with getting the train back on the tracks in 2025. A payroll cut would have made that more challenging, but it appears that won’t be something he has to deal with.

RosterResource projects the club for $79MM of spending in 2025, which is $11MM shy of their $90MM mark that Cot’s has for Opening Day 2024. The 2025 number doesn’t account for Martinez. The club gave him a $21.05MM qualifying offer, with November 19 being the date for him to accept or decline. Perhaps he will take it or maybe he and the club can work out a longer deal with a lower average annual value, though there will be more clarity in the coming days.

Assuming Martinez is back on the roster in some way, the club won’t have a ton of wiggle room relative to last year’s levels. A few non-tenders of their arbitration-eligible players could make some more space but they might require a payroll bump to be able to make any significant moves. It seems as though that might actually possible, which should count as at least mildly good news, as many other clubs in this situation have gone in the other direction.

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Cincinnati Reds

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Angels Release Guillo Zuñiga

By Darragh McDonald | November 15, 2024 at 5:54pm CDT

The Angels announced that right-hander Guillo Zuñiga has been released. He had been designated for assignment earlier this week as the corresponding move when the club signed catcher Travis d’Arnaud.

Zuñiga, 26, spent less than a year as an Angel. He was acquired from the Cardinals in February in a cash deal and spent the 2024 season as an optionable depth arm for the Halos. He made 15 appearances at the big league level, allowing 5.09 earned runs per nine. His 15.8% strikeout rate and 10.5% walk rate in that time were both subpar. He also tossed 28 1/3 innings in the minors with a 5.08 ERA, 15.4% strikeout rate and 7.3% walk rate.

Those results got the righty bumped off the roster and into free agency. He will now assess options on the open market, which will likely lead to a minor league deal. He does have upper 90s velocity and was able to put up some good numbers not too long ago.

With the Dodgers in 2021 and 2022, he tossed 90 Double-A innings with a 4.10 ERA, 29.8% strikeout rate and 11.1% walk rate. He reached free agency ahead of 2023 and got a surprising major league deal with the Cards. But that club only let him toss two major league innings while he posted a 7.63 ERA in Triple-A. A trade to the Angels didn’t lead to a bounceback but he’s still young and some club might take a bet on the arm to see if they can work with it.

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Los Angeles Angels Transactions Guillermo Zuniga

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Brusdar Graterol To Miss First Half Of 2025 Due To Shoulder Surgery

By Darragh McDonald | November 15, 2024 at 3:10pm CDT

Dodgers right-hander Brusdar Graterol announced today (Spanish-language X post) that he underwent shoulder surgery yesterday, though without a return timeline. The club later announced that Graterol underwent right shoulder labrum surgery and isn’t expected back on the mound until the second half of the 2025 season.

The news doesn’t come as a shock, as Graterol trudged through an injury-marred 2024 season, primarily due to that shoulder. He went on the injured list at the beginning of the season with a combination of hip tightness and right shoulder inflammation. The shoulder issue was significant enough that he wasn’t able to return until August. In his very first game of the season, he suffered a right hamstring strain that sent him back to the IL. He was activated in September but then went back on the IL yet again with more shoulder inflammation. He missed most of the postseason but was activated for the World Series.

The righty finished the year with less than 10 innings pitched. He tossed 7 1/3 frames in the regular season and then added another 2 1/3 in the World Series. Though he fought through the issue enough to get on the mound a few times, he was never able to stay healthy for long and it’s now clear the issue required surgical attention.

Prior to 2024, Graterol had established himself as a key piece of the Dodger bullpen. He posted a 2.69 earned run average over 171 appearances from 2020 to 2023. His 18.9% strikeout rate in that time was below average but his 5.5% walk rate was quite low and he got grounders at an elite rate of 62.5%. Among pitchers with at least 170 innings pitched in that time, only Clay Holmes, Andre Pallante and Framber Valdez has better grounder rates.

Though he was able to contribute to the World Series victory and get himself a ring, 2024 was mostly a lost season for Graterol and he will now miss at least half of 2025 as well. He still has two arbitration seasons left but the injuries will prevent him from significantly raising his salary. He made $2.7MM this year and MLBTR contributor Matt Swartz projects him for the same figure in 2025. His ability to push that farther north in 2026 will depend on how much time he ultimately misses in the coming season and how he performs when healthy.

For the Dodgers, it’s possible that this surgery increases their desire to add to their pitching staff. They are already expected to start 2025 with Kyle Hurt, River Ryan, Emmet Sheehan and Gavin Stone on the injured list due to surgeries performed earlier in 2024 and now Graterol’s name can be added to that list. They just lost Jack Flaherty, Walker Buehler, Clayton Kershaw, Joe Kelly, Blake Treinen and Daniel Hudson to free agency. Kershaw will almost certainly re-sign but also just underwent surgery, while Hudson certainly won’t re-sign since he’s now retired.

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Los Angeles Dodgers Newsstand Brusdar Graterol

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Front Office Subscriber Chat Transcript

By Darragh McDonald | November 15, 2024 at 9:00am CDT

MLBTR’s Darragh McDonald held a live chat today, exclusively for Trade Rumors Front Office subscribers!

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Rockies Sign Jack O’Loughlin To Minor League Deal

By Darragh McDonald | November 14, 2024 at 6:36pm CDT

The Rockies have signed left-hander Jack O’Loughlin to a minor league deal, per Bob Nightengale of USA Today on X. The Gaeta Sports Management client also receives an invitation to major league spring training.

O’Loughlin, 25 in March, just made his major league debut this past season. The Athletics signed him to a minor league deal going into the 2024 season and he eventually cracked the roster. He tossed 9 2/3 innings over four appearances, allowing five earned runs while striking out six opponents and giving out five walks. He was outrighted off the club’s roster in September and was able to elect free agency at season’s end.

The Australian southpaw naturally has a larger body of work in the minors to look at. His time on the farm includes 159 2/3 innings at the Triple-A level over the past two seasons with 5.35 ERA, though a very high .356 batting average on balls in play might be a factor there. His 22.1% strikeout rate and 9.9% walk rate at that level are both pretty close to average.

The Rockies generally face challenges in building a pitching staff due to their hitter-friendly home park, as it’s tough to both lure free agents there and develop hurlers who can succeed at Coors Field. They’ve also been bit by the injury bug in recent years, thinning out their staff significantly. The club had a collective 5.48 ERA in 2024, easily the worst in the majors, with the Marlins second last at 4.75.

O’Loughlin has worked both out of the rotation and the bullpen in his career, so he can give the club depth in both departments. If he finds any success, he still has a couple of option years and just a few days of service time, so he can potentially be cheaply retained well into the future.

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Colorado Rockies Transactions Jack O'Loughlin

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Angels Designate Matt Thaiss For Assignment

By Darragh McDonald | November 14, 2024 at 3:20pm CDT

The Angels have designated catcher Matt Thaiss for assignment, per Bill Shaikin of the Los Angeles Times on X. That’s the corresponding move for the club signing infielder Kevin Newman, as was reported earlier.

Thaiss, 30 in May, now seems likely to depart the Angels for the first time in his professional career. He was their first round pick in 2016, getting selected 16th overall. Though he was a catcher in college, the Angels valued him more for his offensive abilities and immediately moved him to a corner infield role upon drafting him. He continued to show good talent with a bat in his hands as he worked his way towards the majors, hitting .279/.363/.445 for a 117 wRC+ across multiple minor league levels from 2016 to 2019.

But that production didn’t translate to the major leagues when he was promoted. He hit .202 /.291/.405 in 2019 and 2020, his first 189 plate appearances in the big leagues. The Halos had a fairly crowded group of guys battling for playing time at the infield corners and designated hitter back then, including Shohei Ohtani, Jared Walsh, Anthony Rendon and Albert Pujols, so they decided in 2021 to move Thaiss back behind the plate.

His major league offense still hasn’t developed as hoped. He’s now up to 771 career plate appearances with a .208/.313/.342 line, 29.3% strikeout rate and 83 wRC+. That’s actually not bad by backup catcher standards. Catchers overall tend to be roughly 10% below average at the plate, including a league-wide 91 wRC+ for backstops in 2024. But his defense hasn’t been especially well regarded, perhaps unsurprising for a guy who was away from the position for a few years.

On top of that lackluster performance, Thaiss has exhausted his option years, meaning he could no longer be easily sent to the minors. The Angels have seen Logan O’Hoppe emerge as their primary catcher and they just brought in Travis d’Arnaud to serve as a veteran complement for the next two years. Given all those factors, Thaiss was squeezed off the roster and perhaps to another club for the first time in his career.

DFA limbo can last up to a week but the waiver process takes 48 hours, meaning the Angels will have five days to see if there’s any trade interest from other teams. His major league track record is obviously not too impressive but it’s possible there will be interest regardless. Catching help is almost always in demand and it’s also possible some team thinks they can help Thaiss unlock something at the plate if they have him give up on the catching thing altogether. His 12.6% walk rate to this point in his career is quite strong, but he has struck out a lot and hasn’t done much damage when he does put the bat on the ball.

Thaiss just crossed three years of service time in 2024, meaning he’s eligible for arbitration for the first time this winter. MLBTR contributor Matt Swartz projects him for a $1.3MM salary next year, not much above the $760K league minimum. If any club acquires him via trade or a waiver claim, he can theoretically be retained through 2027 via arbitration, though that coming to fruition would be contingent on him taking a step forward in terms of his performance.

Teams like the Rays, Blue Jays, Padres, Rockies, Marlins, Cubs, Reds, Braves and others could be on the lookout for catching help this offseason. If any of them view Thaiss as a viable option, they’ll be calling the Angels in the coming days. Or as mentioned, perhaps some club is intrigued enough by the walks or the minor league track record to view Thaiss as a potential late-blooming hitter.

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Los Angeles Angels Transactions Kevin Newman Matt Thaiss

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MLB To Take Over Reds’ Broadcasts In 2025

By Darragh McDonald | November 14, 2024 at 1:15pm CDT

MLB announced today that it will take over the distribution of local broadcasts for the Reds in 2025. Fans of the club will still be able to watch on television as they have in the past but there will also be a direct-to-consumer streaming option with no blackouts.

Largely due to cord cutting, the regional sports network (RSN) model has been collapsing in recent years. Several clubs have seen their TV deals dropped or expire without being renewed. In some of those cases, Major League Baseball has stepped in to keep things running more or less as before, keeping those teams on TV while also adding the streaming option.

In 2024, MLB handled the broadcasts of the Padres, Diamondbacks and Rockies. Fans of those clubs who watched them on cable could continue to do so, but it was also possible for people without cable subscriptions to simply pay for the ability to stream the games directly without blackouts for $19.99 per month or $99.99 for the year.

Two of those clubs (San Diego and Arizona) were previously with Diamond Sports Group, the owners of the FanDuel Sports networks, which were previously under the Bally Sports brand. DSG filed for bankruptcy in March of 2023 and it was reported earlier today that they will be able to emerge from the bankruptcy process, though with their portfolio reduced to just six teams.

In early October, it was reported that DSG planned to cut ties with all but one club, the Atlanta Braves. They were open to new deals with other clubs, but with the fees renegotiated down to lower levels. MLB announced shortly thereafter that it would be taking over the broadcasts of the Twins, Guardians and Brewers, bringing them up to six clubs for whom they were handling the broadcasting.

The Cardinals, Marlins, Angels, Tigers, and Rays subsequently agreed to new deals with DSG, giving them the rights for six clubs going into 2025. But it was reported earlier this week that the Reds could not come to terms with DSG on a new deal. Today’s announcement revealed that they will go with MLB, so the league is now handling the broadcasts of seven clubs.

For fans, the biggest change is the streaming option. The league has been streaming games for years through MLB.TV, but fans were blacked out from watching clubs in their area as part of those RSN deals. Watching the club on cable was previously the only legal option but streaming is now on the table as well. Details and pricing of the streaming option will surely be forthcoming in the coming weeks and months.

For the club, it’s probably not good news in the short term. The RSN model was a solid source of revenue for a long time, as many people signed up for cable packages even if they didn’t watch baseball. The Reds reportedly got about $60MM annually as part of their deal with DSG. The direct-to-consumer streaming option cuts out the middleman but also requires fans to actively sign up, cutting out the passive part of the cable money.

Perhaps the streaming model will gain momentum over time but the short-term impact has clearly been negative for clubs. The Padres and Twins have already scaled back payroll while the Cardinals and Rangers are planning to do so for the coming season. How the Reds proceed will remain to be seen. RosterResource projects them for a $79MM payroll next year, $21MM below last year’s $100MM figure.

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Cincinnati Reds Diamond Sports Group Newsstand

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Rich Hill Open To Pitching In 2025

By Darragh McDonald | November 13, 2024 at 5:25pm CDT

Free agent left-hander Rich Hill is representing the United States in the Premier12 tournament, scheduled to start Thursday night’s game. But he’s open to returning to Major League Baseball in 2025, which would be his age-45 season.

“I obviously love the game of baseball, I love the work and competition or I wouldn’t be doing this,’’ Hill says to Bob Nightengale of USA Today. “But we’ll see what the future holds as far as playing. I’m not sure if this will be it or not. I think we’ll probably know in a month or so. I’d love to play another year and have an opportunity to get into the postseason and win a World Series. That’s everybody’s dream. I’ve been close a couple of times, but it’s not like anything I’ve experienced in the game. Playing in the postseason, there’s nothing like it. Nothing at all like it.’’

Despite that willingness to keep taking the mound, he also seems to be aware the opportunity might not come. “I know I can still provide innings,” he says. “But, if not, and that’s it, I can call it on my own terms, knowing I’ve been fortunate to have a lot of really cool experiences in this game.’’ If Hill doesn’t get the playing opportunity he’s looking for, Nightengale relays that Hill would be open to non-playing roles, perhaps in coaching or some other off-field position.

Hill is coming off an experimental 2024 season that didn’t go especially well. He tried to follow through on a creative plan wherein he would intentionally sit out the first half of the season. The idea was that he could spend time with his family and keep his arm fresh for a stretch run, then pick his landing spot based on how the season was playing out.

It was an unorthodox script but one with some thought behind it. Hill signed with the Pirates in 2023 and pitched decently, posting a 4.76 earned run average. But he then got flipped to the Padres before his results backed up and the club fell from contention. The idea behind his 2024 plan was that he would save his gas for later in the year, as opposed to running out in the late summer. He would also theoretically reduce his chances of playing out the final days of the season on a club out of the race.

Unfortunately, the theory turned out to be better than the praxis in this case. Hill followed through on his plan by keeping his arm ready on his own time. But then he settled for a minor league deal for the Red Sox, a fringe contender, in the middle of August. They did add him to their roster in late August but let him make just four relief appearances, in which he posted a 4.91 ERA, before designating him for assignment and then releasing him.

Presumably, Hill is considering a move back to a more traditional timeline for next year, since he says he’ll probably know “in a month or so” whether he’s coming back or not. The 2024 season doesn’t give him much to market to clubs, but he was a fine innings eater for the first half of 2023 and had an ERA around 4.00 in the two prior campaigns. He tossed 158 2/3 innings in 2022 with a 3.86 ERA and then a 4.27 ERA over 124 1/3 innings in 2023.

Given Hill’s age, it’s remarkable that continuing to pitch is even a consideration, but his career arc has rarely taken the obvious path. He had some early career success almost 20 years ago now, including throwing 195 innings in 2007 with a 3.92 ERA. But injuries and underperformance led to a decade of him toiling away without much to show for it. From 2008 to 2014, he was only able to throw 153 big league innings with a 5.41 ERA, bouncing around to various clubs.

But then he had an amazing career resurgence that started in 2015. He parlayed a strong showing with the Long Island Ducks of the independent Atlantic League into a deal with the Red Sox. A tiny 1.55 ERA in four starts with Boston led to a $6MM guarantee on a one-year pact with the Athletics for 2016. He would post a 2.12 ERA that year between Oakland and the Dodgers, getting traded midseason. That led to a three-year, $48MM deal to return to Los Angeles, a contract that started in his age-37 season, an amazing time for a pitcher to get his big payday.

He gave the Dodgers 327 innings with a 3.30 ERA over the course of that deal. His time with the Dodgers was also when he got most of the postseason experience that he clearly treasures. He did toss three playoffs innings for the Cubs way back in 2007 but then 50 postseason frames for the Dodgers from 2016 to 2019. Unfortunately, a ring eluded him in that time. The Dodgers finally won it all in 2020, their first title since 1988, but Hill signed with the Twins that year.

The results haven’t been as good lately, but that’s not really too surprising, considering his age. Perhaps Hill can again defy the odds and engineer another comeback. If not, one of the more unique trajectories will finally wind down.

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2024-25 MLB Free Agents Rich Hill

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