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Angels Notes: Ballpark, Furloughs

By Jeff Todd | May 19, 2020 at 12:24pm CDT

We missed this when it came out a week ago, but Bill Shaikin of the Los Angeles Times recently provided an update on the club’s ballpark and related business development efforts. The global pandemic has obviously introduced some new variables.

The Anaheim City Council agreed to bump back the deadline for owner Arte Moreno to commit fully to a previously agreed-upon deal involving the development of the land surrounding Angel Stadium. The team now has until the end of September to decide; the final call had been due by the end of June.

Under the deal, the Halos will also get to delay a $20MM deposit until the fall, though they’ll have to throw in another $10MM in deposit cash that hadn’t been due until 2023. It certainly seems as if the organization is hoping it’ll be drawing some revenue from the 2020 campaign before it has to act irrevocably.

At the moment, the broad stadium-related business effort is still moving forward. But the Angels are obviously cash-conscious. The club has, as anticipated, decided to institute furloughs. As Fabian Ardaya of The Athletic reports (subscription link), the Angels will begin sidelining certain employees beginning at the start of June.

Impacted employees will receive benefits through the end of the year and can receive grants from a $1MM fund set up by the team. It’s a bit of a curious arrangement at first glance, but perhaps the reasoning here is to allow those impacted to receive unemployment benefits while still also gathering some support from the organization. There’ll be an impact across the board on the team’s baseball operations, but Ardaya says the minor-league and player development staff will be hit hardest.

 

Other teams — and, especially, their employees — are no doubt evaluating this move with interest. The Halos obviously aren’t alone here, but it’s particularly notable to see a big-market club making cuts of this kind. The expectation remains that other organizations will make similar moves in the coming days, even as the league attempts to ramp back up towards a 2020 season.

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Los Angeles Angels

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How Does Twins’ Future Payroll Look After Spurt Of Multi-Year Contracts?

By Jeff Todd | May 19, 2020 at 11:45am CDT

2020 salary terms are set to be hammered out in the coming days. But what about what’s owed to players beyond that point? The near-term economic picture remains questionable at best. That’ll make teams all the more cautious with guaranteed future salaries.

Every organization has some amount of future cash committed to players, all of it done before the coronavirus pandemic swept the globe. There are several different ways to look at salaries; for instance, for purposes of calculating the luxury tax, the average annual value is the touchstone, with up-front bonuses spread over the life of the deal. For this exercise, we’ll focus on actual cash outlays that still have yet to be paid.

We’ll run through every team, with a big assist from the Cot’s Baseball Contracts database. Next up is the Twins:

(click to expand/view detail list)

Twins Total Future Cash Obligation: $154.02MM

*includes buyout of club options

*does not include portion of Kenta Maeda’s 2021 salary owed by Dodgers

*estimated 2021 salary for Michael Pineda (specific contract breakdown unknown)

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2021-Beyond Future Payroll Obligations MLBTR Originals Minnesota Twins

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Former Star & Top Prospect Headline Mets’ DH Options

By Jeff Todd | May 19, 2020 at 10:00am CDT

National League teams didn’t build their rosters with the expectation of a universal designated hitter slot for 2020, but most are capable of filling the job from within. Some teams could really benefit from the anticipated temporoary rule change … among them, the Mets.

The advantage for the New York organization is multi-faceted. It’s not just about stuffing more hitting ability into the daily lineup in the upcoming truncated season, though that’s a factor as well. The DH would also create some important near-term roster flexibility and possibly open additional long-term strategic options.

It really all comes down to two guys: hobbled former superstar Yoenis Cespedes and one-time top prospect Dominic Smith. Without a DH slot, both face questionable roster prospects. Cespedes is working to return from major leg injuries. Nobody really knows how he’ll look at full speed in the outfield grass. Smith is all but fully blocked at first base by emergent star Pete Alonso. The Mets already know how Smith looks in the outfield and would rather not see much more of it.

The Mets are already crossing their fingers with outfield defense. J.D. Davis isn’t exactly a glove-first roster piece. The club will rely upon Brandon Nimmo for most of the action in center field; he’s a palatable but hardly exceptional performer there. Jake Marisnick can cover a lot of ground, but he’ll be a reserve. And Michael Conforto will be an everyday presence in the lineup, so there’s not much space anyway.

Under the circumstances, it’s a bit of a luxury to carry a guy like Smith. But what other choice do the Mets have? He can still be optioned, true, but that’s a heck of a way to treat a guy that turned in an eyebrow-raising .282/.355/.525 batting line in 197 plate appearances over an injury-limited 2019 season. And Cespedes? We don’t know when he’ll be ready, but he has now had ample additional time to work back to full health while the game has been paused. You can safely assume he’ll be clamoring for a return to the MLB roster as soon as possible, particularly with a newly incentive-laden contract and free agency beckoning after 2020.

Somehow fitting both of these guys on the same roster? It’s a bit tough to imagine, but the Mets could possibly make it work since Davis can play in the infield. With a DH slot, it’d at at least be plausible. And that would open the door to a potentially explosive offense, with depth to spare as injuries or performance issues arise. It’s sort of silly to consider these two talented players in a DH platoon, but if it comes to that … well, it’s a first-world problem.

The broader roster management benefits are perhaps even more significant here. Smith needs a full shot at the majors; perhaps the DH will clear a sustainable path for him in the organization or pave the way to an eventual trade. And having that bat-only position to utilize makes it much easier for the Mets to deal with, and even benefit from, the final season of the Cespedes contract.

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MLBTR Originals New York Mets

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Indians Have Ample Long-Term Payroll Flexibility

By Jeff Todd | May 19, 2020 at 7:49am CDT

2020 salary terms are set to be hammered out in the coming days. But what about what’s owed to players beyond that point? The near-term economic picture remains questionable at best. That’ll make teams all the more cautious with guaranteed future salaries.

Every organization has some amount of future cash committed to players, all of it done before the coronavirus pandemic swept the globe. There are several different ways to look at salaries; for instance, for purposes of calculating the luxury tax, the average annual value is the touchstone, with up-front bonuses spread over the life of the deal. For this exercise, we’ll focus on actual cash outlays that still have yet to be paid.

We’ll run through every team, with a big assist from the Cot’s Baseball Contracts database. Next up is the Indians:

(click to expand/view detail list)

Indians Total Future Cash Obligation: $40.65MM

*includes buyout of club options

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2021-Beyond Future Payroll Obligations Cleveland Guardians MLBTR Originals

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Governors Express Support For MLB’s Summer Return

By Jeff Todd | May 18, 2020 at 11:29pm CDT

Today saw a major run of political support for the launch of a big league season. Several big-state governors expressed a willingness to host professional sports in their biggest cities on a timeline that would support MLB’s hopes for an early July launch.

New York governor Andrew Cuomo (via Denis Slattery of the New York Daily News), California governor Gavin Newsom (via Jon Passantino of CNN.com reports on Twitter), and Texas governor Greg Abbott (via Rebecca Hennes of the Houston Chronicle reports) each announced support for a summer return to play. Of course, in all cases the continued threat of the coronavirus will make in-person attendance impossible at the outset.

Television-only baseball isn’t optimal, but it’s certainly a worthwhile goal if it can be accomplished in a manner that accords with overriding public health needs. Opinions vary as to the merits of MLB’s proposals to date, which would rely upon frequent testing of participants and the elimination of certain activities that may carry a greater risk of transmission.

The concern remains that the benefits of staging a campaign don’t outweigh the dedication of resources and added potential for spread of the virus. Given the ongoing debate, this (seemingly somewhat coordinated) series of announcements represents a notable vote of confidence.

“I think this is in the best interest of all the people and in the best interest in the state of New York,” Cuomo said of the return of professional sports. “And then they’ll be up and running and when we can fill a stadium again, we can fill a stadium.”

The increasing likelihood of play resuming also draws more focus to ongoing economic chatter between the league and union. As Ken Rosenthal and Evan Drellich of The Athletic report (subscription link), the standoff on player pay continues as the sides wait for another to blink.

It seems the most immediate dispute is rather narrow — and, frankly, a bit hard to comprehend. Despite publicizing a 50/50 revenue sharing concept — but not ever making clear just what revenue would be shared — the league has yet to formally propose that approach to the players.

At the moment, per The Athletic, the league’s position is that “the union needs to drop its stance that the salary matter is closed before it makes a new proposal.” On the other hand, the MLBPA “does not think it should discuss sacrificing additional pay until the league demonstrates its financial distress.”

This seems either to be a symbolic battle that shouldn’t need to be held or yet another instance of the sides jockeying for technical advantage rather than just diving into the many practical issues that confront them. Either way, there’s obviously a need both for the league to come forward with information regarding “economic feasibility” of fan-free games and for the union to consider whether it is sufficient to justify modification of the pro rata reduction of pay that was already agreed upon.

If the negotiating parties had a greater degree of trust, they probably wouldn’t be grounded on this particular sandbar. There’s so much to lose for all involved that they’ll surely find a way to make progress. But every moment of financial bickering represents a mutual lost opportunity to generate goodwill through the return of the game. And the only lack of trust ramps up the potential risks, given that the league and union are only just beginning to jointly navigate the unknown waters of baseball in the era of the coronavirus.

 

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Uncategorized Coronavirus

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Tigers Have Just One Guaranteed Contract Beyond 2020 Season

By Jeff Todd | May 18, 2020 at 8:33pm CDT

2020 salary terms are set to be hammered out in the coming days. But what about what’s owed to players beyond that point? The near-term economic picture remains questionable at best. That’ll make teams all the more cautious with guaranteed future salaries.

Every organization has some amount of future cash committed to players, all of it done before the coronavirus pandemic swept the globe. There are several different ways to look at salaries; for instance, for purposes of calculating the luxury tax, the average annual value is the touchstone, with up-front bonuses spread over the life of the deal. For this exercise, we’ll focus on actual cash outlays that still have yet to be paid.

We’ll run through every team, with a big assist from the Cot’s Baseball Contracts database. Next up is the Tigers … whose list features just one man but a fair bit of money:

(click to expand/view detail list)

Tigers Total Future Cash Obligation: $102MM

*includes buyout of 2024 club option over Miguel Cabrera

*2024-25 club options over Cabrera ($30MM apiece) vest with top-10 finish in 2023 MVP voting

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2021-Beyond Future Payroll Obligations Detroit Tigers MLBTR Originals

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K-Rod Plans Another Comeback Effort

By Jeff Todd | May 18, 2020 at 5:32pm CDT

Former star reliever Francisco Rodriguez is plotting another MLB comeback attempt, he tells Venezuelan journalist Guillermo Arcay (Instagram links; h/t Evan Woodberry of MLive.com).

That’ll be a tall order for a 38-year-old who hasn’t touched the majors since 2017. But Rodriguez is setting his sights higher still.

It seems that part of the motivation here for K-Rod is the possibility of burnishing his Hall-of-Fame resume. If possible, he says, he’d like to meet or exceed Lee Smith in total saves … which would mean adding another 41 to an already impressive tally of 437, fourth-most in MLB history.

Sound implausible? Well, it’s hard to come to a different conclusion. It’s not even clear precisely how Rodriguez would launch a new effort in the current climate of uncertainty. But he suggests he has already considered and rejected that line of thinking.

Rodriguez isn’t taking this lightly. He acknowledges he’ll have to earn another shot at the majors. And he’s certainly familiar with the difficulties of a late-career comeback, having tried for years already to launch one.

The last time Rodriguez appeared in the affiliated ranks, things didn’t go well. He turned in a brutal showing with the Tigers in 2017, leading to his release. The Nats gave him a brief look in the minors but weren’t impressed. Rodriguez spent the ensuing spring with the Phillies but didn’t make the team and was cut loose.

Rodriguez has since pitched for the indy ball Long Island Ducks and Mexican League’s Acereros de Monclova. Though he was reasonably effective in both stints, the once-great hurler didn’t show enough to prompt renewed interest from MLB clubs.

Even if he isn’t able to build it further, Rodriguez has already compiled a case for Cooperstown. He may not have logged quite as many saves as Trevor Hoffman, but the two put up awfully similar careers. K-Rod owns a 2.86 ERA in 976 innings over 16 seasons, while Hoffman hung ’em up with a 2.87 ERA in 1,089 1/3 frames through 18 campaigns.

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Uncategorized Francisco Rodriguez

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Royals Have Reduced Future Payroll Commitments To Under $40MM

By Jeff Todd | May 15, 2020 at 10:21pm CDT

2020 salary terms are set to be hammered out in the coming days. But what about what’s owed to players beyond that point? The near-term economic picture remains questionable at best. That’ll make teams all the more cautious with guaranteed future salaries.

Every organization has some amount of future cash committed to players, all of it done before the coronavirus pandemic swept the globe. There are several different ways to look at salaries; for instance, for purposes of calculating the luxury tax, the average annual value is the touchstone, with up-front bonuses spread over the life of the deal. For this exercise, we’ll focus on actual cash outlays that still have yet to be paid.

We’ll run through every team, with a big assist from the Cot’s Baseball Contracts database. Next up is the Royals:

(click to expand/view detail list)

Royals Total Future Cash Obligation: $38.75MM

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2021-Beyond Future Payroll Obligations Kansas City Royals MLBTR Originals

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Latest Chatter On Coronavirus-Altered Season

By Jeff Todd | May 15, 2020 at 8:52pm CDT

Most agree that staging a 2020 MLB campaign is a worthwhile goal, so long as it can truly be done safely and responsibly. Dividing the spoils of a baseball season? That isn’t a reasonable priority given the present state of the world. But it does need to be done. No matter one’s view on the right approach to a tough issue, it’s tough to understand the reflexive vitriol launched at the players, many of whom don’t even earn monumental sums. Just like the owners, they’re merely engaged in a necessary economic negotiation — the latest round of which was spurred by the league’s decision to propose a further salary reduction and introduce it through the media.

  • Rays lefty Blake Snell sparked the latest round of controversy in the MLB-MLBPA salary battle when he offered some pointed comments during a Twitch stream. Marc Topkin of the Tampa Bay Times covered the story. Snell directly connected the matter of health to that of pay, saying he’s not willing to accept a further reduction of salary given that “the risk is through the roof.” Snell, who cited the possible long-term risks from the disease and worries about spreading it to family members, tells Topkin that he’s genuinely unsure whether to play even if the economics are sorted to his liking. While it wasn’t the smoothest delivery of his message, Snell seems genuinely conflicted and concerned with matters of real importance. The star lefty says he is still preparing for the 2020 campaign, but indicated he has begun to shift mentally to a 2021 return.
  • Snell found some support from one of the game’s biggest stars, Phillies outfielder Bryce Harper. As Corey Seidman of NBC Sports Philadelphia reports, Harper said in his own Twitch session that the hurler is “speaking the truth.” Now, that’s something far shy even of Snell’s warnings that he may or may not play. There’s no indication at the moment that Harper is considering a similar course. But it is a notable bit of star player unity on the matter of compensation.
  • Rockies star Nolan Arenado also saw merit in Snell’s comments. He tells Ken Rosenthal of The Athletic (subscription link) that Snell was “just being real” but also expressed understanding that it rubbed some the wrong way. Arenado says the players “understand we’re not going to get paid everything we thought we were getting this year” and are okay with that. He also took a more measured view of the health situation, while noting it is a legitimate concern. Ultimately, Arenado believes the sides had a deal and should honor it and move forward: “It is a risk. We did negotiate a deal. I think that’s the thing: We negotiated a deal. Now let’s go play. Let’s get to work. That’s where we as players are coming from.”
  • Cubs owner Tom Ricketts claimed yesterday that fully 70 percent of his team’s revenue comes from gameday operations. As Rob Arthur notes on Twitter, that sounds like a figure that may reflect a selective snippet of the real balance sheet of the multi-faceted Cubs-related empire. This goes to the main problem behind the league’s reported 50/50 revenue-sharing plan: it’s impossible even to assess unless the full picture is available. While teams may not believe players are entitled to a share of regional sports network revenue, surrounding real estate, and other such broader initiatives, the organizations do stand to profit from those adjacent activities. And given the league’s claim of potential losses in a spectator-free season — which is a relevant aspect of the recent contract agreed upon between the sides — it seems only fair to consider the full picture.
  • If you thought Snell’s comments sparked a firestorm, let’s see how this plays out … Alex Rodriguez, who earned more money playing baseball than anyone, just released an odd video calling upon players and owners to work out a 50/50 split. It’s mostly a bland call to work together, but A-Rod’s controversial background (not to mention his recent dalliance with purchasing the Mets) puts a different spin on the generally mundane words. Thing is, the owners know that going halfsies sounds fair. But the real question isn’t the relative split, it’s the absolute size of the pie the owners are offering to carve up — and how close it comes to the pro rata pay (approximately half pay for a half season) the players believe to be appropriate.
  • Even if (likely when) the matter of salary is resolved, it’s clear there are quite a few complicated questions, as Jayson Stark of The Athletic (subscription link) nicely breaks down. The one that stands out: commissioner Rob Manfred says that individual players won’t be forced to play once the finances are sorted out. But what does that mean in terms of salary, service time, and the like? There’s quite a lot still for the sides to work through.
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Uncategorized Coronavirus

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Amir Garrett Hires Boras Corporation

By Jeff Todd | May 15, 2020 at 6:24pm CDT

Reds lefty Amir Garrett has hired the Boras Corporation to represent him, per Bobby Nightengale Jr. of the Cincinnati Enquirer (via Twitter). That relationship is now reflected in MLBTR’s Agency Database.

Scott Boras needs no introduction here; he’s equal parts renowned and reviled for his less-than-shy pursuit of big free agent paydays. In this case, the client in question isn’t anywhere near the open market, but he’s soon to be due a raise.

Garrett will be up for a contract in 2021, when he’ll reach arbitration for the first of three times. His new agency will be responsible for sorting out an agreement with the Cincinnati organization — or, instead, arguing a case before an arbitrator.

Just how much Garrett can earn will depend upon what he’s able to show in 2020, if indeed there is a season. The 28-year-old’s overall career numbers don’t stand out due to an ugly early run as a starter, but Garrett was a productive reliever last year, when he produced 56 frames of 3.21 ERA ball.

It’s possible to imagine the power southpaw boosting his payout with a big 2020 season, especially if he can rack up a nice tally of holds. (They play well in arbitration; saves are even better but Garrett isn’t first in line in Cincinnati.) There’s downside as well. Garrett produces a lot of swings and misses (16.2% swinging-strike rate; 12.5 K/9) but is also no stranger to the free pass (5.6 BB/9).

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Cincinnati Reds Amir Garrett

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