Orioles Sign Suk-Min Yoon

The Orioles on Monday officially announced that they have signed South Korean right-hander Suk-min Yoon to a three-year contract. Yoon's deal will reportedly guarantee him $5.575MM and also contains incentives and escalator provisions could significantly increase its total value to $13.075MM over that span. Orioles executive vice president Dan Duquette offered the following statement on the signing:

"We are excited to bring Suk-min Yoon to the organization. He has been a top pitcher in the Korea Baseball Organization and has pitched successfully in international competition. We look forward to his contributions to the Orioles."

The contract features a slightly backloaded and rather complicated structure. Yoon will receive a $675K signing bonus, then earn $750K for the coming season, $1.75MM in 2015, and $2.4MM in 2016. On top of that, Yoon can earn $1.25MM in incentives in 2014 based upon games started. Reaching that milestone would also bump his 2015 base by $1.25MM. The same mechanism allows Yoon to earn $1.25MM in incentives for 2015 and add as much as $2.5MM to his 2016 base salary (and, once more, earn a $1.25MM incentive payday in that final year of the deal). 

Notably, Yoon also receives other protection in the contract. He will be eligible to qualify for free agency after the deal is up, and the deal includes a mechanism to protect him from a minor league demotion.

Yoon is said to be "in good shape to pass" the physical, but the club is reportedly remaining quiet about the deal until he does. Obviously, Baltimore is hopeful of avoiding any bad press that might come from issues relating to the medical exam, given its heavily-scrutinized decisions to shelve deals with Grant Balfour and Tyler Colvin due to problems with their physicals. 

As MLBTR's Tim Dierkes explained in his detailed profile of Yoon before the off-season, the Korean hurler was widely regarded as the KBO's second-best pitcher after Hyun-jin Ryu, who went on to success with the Dodgers last year. But that does not necessarily mean he approaches Ryu's upside, as the stark differences in their contracts would suggest. (Ryu was promised $36MM, after Los Angeles bid over $25MM for negotiating rights. Unlike Ryu, Yoon was a free agent and did not require a posting or release fee.)

That is not to say that Yoon lacks appeal, of course. He had two outstanding seasons in the KBO as a starter, winning the league's MVP award in 2011. Though he is said not to have dominant stuff, Yoon is by all accounts a solid arm with the talent to add value in the bigs. The major issue with Yoon, Dierkes noted, was a shoulder injury that hampered his 2013 campaign. He battled through the injury, but split time between a starting and relief role and failed to match his prior production.

Though Dierkes put Yoon's value at two years and $10MM, he noted that prediction was based on very limited information. A recent report indicated that Yoon was seeing wide interest, but that apparently did not allow him to generate much of a bidding war.

From the Orioles' perspective, Yoon is set to receive the first MLB deal given by the club to a starter this off-season. (Of course, the team added Bud Norris via trade at last year's deadline, a fact which is often overlooked.) Indeed, Yoon would represent the largest free agent splash thus far for the O's, beating the two-year, $4.5MM guarantee made to reliever Ryan Webb

Given that his contract includes incentives based upon games started, it would seem he stands at least some chance to crack the rotation. The club's rotation figures to include Norris, Chris Tillman, Wei-Yin Chen, and Miguel Gonzalez. Yoon could potentially battle with a range of other options — including Kevin Gausman, Brian Matusz, Zach Britton, T.J. McFarland, and Alfredo Aceves — for the final slot.

Jon Heyman of CBSSports.com first reported the signing. MLB.com's Britt Ghiroli (via Twitter) first reported its approximate value, and Roch Kubatko of MASNsports.com (via Twitter) first reported that it included incentive provisions. Chris Cotillo of MLBDailyDish.com reported the contract breakdown, details, and escalators. Special thanks to Cotillo for explaining the complicated structure of the incentive and escalator provisions.

Quick Hits: Bailey, Dodgers, Kemp, Red Sox, Orioles

Let's round up some stray links from the day:

  • The possible extension of Homer Bailey by the Reds has been a hot topic lately, but talks could spill over into the regular season, tweets Buster Olney of ESPN.com. If a deal cannot be reached, Bailey would be among the more attractive starters to hit the open market next year.
  • The Dodgers' glut of starting-caliber outfielders has long been mentioned as the possible basis for a trade, though we've heard little chatter of late. One of the team's biggest question marks is the health of one of its four highly-paid options: Matt Kemp. The 29-year-old bristled today at the notion that he could be a fourth outfielder, reports Dylan Hernandez of the Los Angeles Times"I don't know where you get this fourth outfielder talk from," said Kemp. "… I think all four of us outfielders feel the same way. None of us are fourth outfielders. Everybody wants to play every day. I won't accept that role. I can't accept that role." 
  • Though the Dodgers' enviable cash position certainly has its benefits, it can create issues of its own, writes Rob Neyer of FOX Sports. When teams commit big dollars to players, says Neyer, they tend to keep trotting out those players even if their performance no longer warrants the playing time. But the game may now be flush enough with cash, suggests Neyer, that clubs will feel more comfortable with treating such deals as the sunk costs they are and cutting ties when necessary.
  • There are no active discussions involving Red Sox starters, reports WEEI.com's Alex Speier. With many quality free agents still yet to sign, says Speier, the expectation is that a trade market for Boston's arms will not develop until March (if it does so at all).
  • The Orioles opened camp with 29 pitchers, with three more yet to report, writes Peter Schmuck of the Baltimore Sun. Manager Buck Showalter indicated that he is pleased with the depth and number of options at the club's disposal, particularly since Baltimore figures to be able to keep most of those players regardless of who makes the Opening Day roster. "We kept our flexibility with only two or three exceptions," said Showalter. "We don't have a lot of pitchers out of options, really. We'll be able to keep the depth. It''s obviously too early to handicap anything, but if it doesn't get separated by injury, it's going to be pretty competitive at the end."

Minor Moves: Robinson, Knapp, Egan, Morillo, Garrison, Wrigley, Geer, Johnson

Here are some of today's notable minor moves — a rather interesting group on the whole — all courtesy of Baseball America's Matt Eddy unless otherwise noted:

  • Catcher Chris Robinson will retire, tweets Chris Cotillo of MLBDailyDish.com. The 29-year-old, who was a 3rd round pick of the Tigers back in 2005, had a chance to see his first MLB action (and hit his first home run) last year with the Padres. At Triple-A with the Pads and Orioles, Robinson put up a .282/.307/.320 line in 255 plate appearances.
  • The Rangers have signed righty Jason Knapp to a minor league deal, tweets Eddy. As MLBTR's Steve Adams recently explained, Knapp is attempting a comeback after washing out of baseball following successive shoulder surgeries. The big hurler was once a top prospect, and headlined the deal that sent Cliff Lee from the Indians to the Phillies. Though he hasn't thrown a professional pitch since 2010, Knapp is just 23 years old and reportedly has managed to build his heater back up into the 90s.
  • Reliever Pat Egan has signed with the Reds, Eddy tweets. Though he has yet to crack the bigs at age 29, the towering righty has found success in recent seasons at the upper reaches of the minors. In 2013 with the Braves organization, Egan notched a 2.95 ERA in 73 1/3 innings (though he was better at Double-A than Triple-A). And in 2012, he was good for 67 innings of 1.61 ERA ball for the Orioles' top affiliates.
  • Reliever Juan Morillo has signed a minor league deal with the Orioles, Eduardo Encina of the Baltimore Sun recently reported. The 30-year-old fireballer struggled in four MLB cups of coffee, and washed out of American professional baseball after 2012 as his walk totals reached unsustainable levels. According to Encina, Morillo served as the closer for the Taiwanese EDA Rhinos, during which time his heater registered at a league-record 99.4 mph.
  • The Orioles have also signed lefty Steve Garrison and first baseman Henry Wrigley to minor league deals, tweets Eddy. Garrison, 27, has thrown in just one big league game, and worked 43 2/3 innings of 3.30 ball for the Diamondbacks' Double-A affiliate last year, his first as a reliever. In the process, he boasted significantly higher strikeout totals (10.1 K/9) than he carried as a starter. Wrigley, also 27, spent his entire career in the minors with the Rays before moving to the Rockies in 2013. Previously a solid (if strikeout-prone) hitter with 20-home run power, Wrigley struggled to a .188/.227/.348 line in 119 Double-A plate appearances last year.
  • Righty Josh Geer has re-signed with the Padres, Eddy tweets. Geer battled back from Stage III melanoma before the 2012 season. Now 30, the RIce University product saw time in the bigs over 2008-09 but has thrown in the upper minors since. Working mostly as a reliever for the first time last year, he threw 104 1/3 innings of 3.54 ERA baseball with 6.9 K/9 against 2.2 BB/9.
  • Longtime catcher Rob Johnson will attempt to move onto the mound with the Padres organization, Eddie notes in the same tweet. The 31-year-old saw MLB action behind the dish in every season between 2007-13, carrying a lifetime .200/.275/.295 line in the process. Though a surprising number of converted catchers have found success as pitchers, far fewer can say they appeared at both positions at the big league level.
  • One example that Johnson can hope to emulate is Chris Hatcher, who has seen MLB time as a catcher and pitcher. Hatcher was recently designated by the Marlins and remains in DFA limbo. As MLBTR's DFA Tracker shows, two others join Hatcher in waiting to learn their fates: Henry Rodriguez (Reds) and Jimmy Paredes (Marlins).

Free Agent Notes: Drew, Cruz, Santana, Blue Jays, Madson

As camps open around the game, let's take a look at a few notable free agents who remain unsigned:

  • Though long-time shortstop Derek Jeter is now set to retire after the year, and the club faces questions around the infield, the Yankees are still not interested in adding Stephen Drew, reports Andrew Marchand of ESPNNewYork.com. Marchand notes that the club could have its eye on a bigger fish as an eventual replacement for Jeter, suggesting the possibility of looking at next year's free agent market or trying to trade for a big-contract star like Troy Tulowitzki or Jose Reyes. But the availability of those options remains unclear, especially given that the Yanks possess a farm that most regard as below average. And while 2015 currently promises a nice crop of free agent shortstops — headlined, at present, by Hanley Ramirez, J.J. Hardy, and Asdrubal Cabrera — it is far from certain that all of those players will reach the open market.
  • Echoing Marchand on the Yankees' interest, ESPN.com's Buster Olney told WEEI's Mut & Merloni (via WEEI.com's Jerry Spar) that Drew's market looks poor. The Pirates make sense in theory, says Olney, but the club seems very unlikely to give up its first-round pick to land him. Olney opines that the shortstop's best bet, at this point, could be to wait and see if a contender loses an infielder to injury. Though he agrees that Drew faces difficult market, Jonathan Bernhardt of Sports on Earth argues that Drew and agent Scott Boras should instead act quickly to speed up negotiations and get the best deal possible.
  • Of course, one obvious landing spot all along has been the Red Sox, who could use Drew to bolster the left side of the infield without giving up a pick (other than the one they stand to gain should he sign elsewhere). As WEEI.com's Alex Speier reports, however, Boston has settled into the position that it would be interested in a one-year arrangement. That could take the form of a straightforward one-year deal, or could be structured with a low-value player option for a second season (like Adrian Beltre's 2010 deal) that would spread the contract's luxury tax impact.
  • The Twins, who have been mentioned as a dark horse suitor for both Drew and outfielder Nelson Cruz, likely have sufficient payroll space to make an addition, reports Darren Wolfson of 1500 ESPN. But the team is not willing to meet the demands currently being floated on those players, and has not been in recent contact on either.
  • Bean Stringfellow, the agent for starter Ervin Santana, rejected an apparent rumor that the Blue Jays had offered his client a three-year, $27MM deal, reports John Lott of the National Post. Stringfellow also dismissed the rumor that he had earlier demanded five years and $112MM for Santana. Though some clubs may hope to wait out the market for prices to fall, Stringfellow says he is not concerned by that possibility. "The calendar doesn't really affect us in that regard," he said. "The teams need the pitching by Opening Day. That's when the bell rings. I think a lot of clubs might think that as [Opening Day] gets closer, the price comes down. I would simply say to that, 'You're not filling your need for pitching, so I don't know why our value is any less when your need is still as great as what it was.'"
  • Though Jays' GM Alex Anthopoulos declined to comment on any offers to Santana, he said that the club would remain true to its internal valuations of free agents. "We just haven't been able to line up on value, on years and dollars," Anthopoulos added with regard to the team's possible targets.
  • Another team that is reportedly dabbling in the starting pitching market is the Mariners. The club is not just looking at top options like Santana and Ubaldo Jimenez, reports Chris Cotillo of MLBDailyDish.com (via Twitter), but is casting a "wide net" in its search for an arm.
  • Free agent reliever Ryan Madson is looking for a major league deal, sources tell MLB.com's Todd ZoleckiPhillies GM Ruben Amaro Jr. said that he received good reports from Madson's recent throwing session, but did not leave the impression that Philadelphia was the likely landing spot. "Our reports were good when we saw him," said Amaro, "so he's going to sign somewhere." As Zolecki notes, Philly may be unwilling to give out a major league deal, especially given Madson's injury history and the recent signing of A.J. Burnett.

Angels Notes: Fregosi, Ballpark, Garza, Payroll, Trout

MLBTR joins many others in offering its condolences to the family and friends of Jim Fregosi, who passed away today at age 71. Though he was a part of several organizations during his 53-year run in professional baseball, Fregosi will perhaps be remembered best for his important role in the Angels organization. He went to the team in the 1960 expansion draft, saw time during their first season of competition, and then spent nearly a decade as the club's shortstop. After wrapping up a stellar playing career, Fregosi got his start as a big league manager with the Halos at age 36. The club retired his number 11 in 1988.

Here are a few notes on the current Angels ballclub:

  • Team owner Arte Moreno covered a number of topics today in an interview with Mike DiGiovanna of the Los Angeles Times. Though recent reports on the team's ballpark lease negotiations have been positive, Moreno said that discussions are now "at a stalemate." That does not mean that the club is pushing for a new stadium — Moreno said "we haven't crossed that line yet" — but the owner said he has a deadline "in mind" for negotiations to conclude before he looks at other options. "We don't know how long it's going to take for that land to be profitable," he said. "We have the fourth-oldest stadium in baseball. It still has the original plumbing, electrical, concrete. It's going to cost between $125MM and $150MM just to keep it serviceable."
  • The team did in fact offer free agent starter Matt Garza four years and $52MM, said Moreno, slightly more than the amount that Garza ultimately signed for with the Brewers. But Garza declined the offer, believing he could land a bigger deal.
  • On the speculation that manager Mike Scioscia and GM Jerry Dipoto faced the axe after a disappointing campaign, Moreno said that he remained confident in both men. "Mike has been here for 14 years, and I tried not to look at the capsule of one season," said Moreno. "He's been a winning coach. And I like the front office team Jerry has assembled. They're smart, they communicate well, and I like what our minor league staff is doing." The owner added that Dipoto deserved a chance to build out the team's talent pipeline, while offering a stark assessment of its stockpile of arms. "You look at our system, and there's no pitching coming in," he said. "You go to the cupboard, you're hungry and there's nothing in the cabinet."
  • Moreno indicated that the team could cross the $189MM luxury tax line, but said "it has to be for the right guy." He continued: "If we get out of the box good, we get to the All-Star break and someone becomes available who could really enhance the team, we'll do our best to get him." With payroll currently standing at about $173MM for luxury tax purposes, Moreno indicated that the club was comfortable continuing to spend at a high rate but did have limits. "The reality is we have an operating budget below the threshold, we made money last year, and we're not interested in being in the red financially," he said.
  • Of course, the contract status of star Mike Trout is an important aspect of the team's future financial standing. Extension negotiations are ongoing, said Moreno. "I can't say anything is close, but I'm optimistic by nature," he said. "It always gets down to the numbers. He likes it here, and we like him. We have four more years of control, and the farther you take someone out on a contract, the more risk the team assumes." 
  • Indeed, the numbers on a prospective Trout deal remain a fascinating topic to watch. ESPN.com's Buster Olney weighed in on the issue in an appearance on WEEI's Mut & Merloni (via Jerry Spar of WEEI.com). The club is feeling the pressure to sign Trout before his free agent horizon gets too close, said Olney, and baseball sources say that a 12-year, $400MM deal would not be an unfair target for the young superstar. Asking several GMs what they thought Trout could land on a one-year deal, Olney was given prices in the range of $35MM to a remarkable $50MM.

Rangers Avoid Arbitration With Mitch Moreland

The Rangers have avoided arbitration with first baseman Mitch Moreland by agreeing upon a $2.65MM salary for 2014, tweets Jeff Wilson of the Fort Worth Star-Telegram. The deal also allows him to earn $25K bonuses upon reaching 470 and 525 plate appearances, tweets Jon Heyman of CBSSports.com.

The 28-year-old, who figures to see plenty of time at designated hitter in the coming season, was unable to repeat his 2012 numbers upon taking over the team's primary first base job last year. Moreland slashed .232/.299/.437 in 518 plate appearances last year, including 23 home runs. The Rangers acquired Prince Fielder over the off-season, and he is expected to see most of the time at first.

Moreland, who is represented by BBI Sports Group, will earn close to the $2.638MM midpoint between his and the teams' respective filing figures. As always, power pays in arbitration, and Moreland's attractive long ball totals no doubt aided his cause. MLBTR contributor Matt Swartz projected a very accurate $2.7MM salary for Moreland, who will go through arbitration twice more before qualifying for free agency in 2017.

NL Notes: Nationals, Burnett, Bastardo, Marshall

Major League Baseball is dealing with several employment issues not relating to big league players. As Adam Rubin of ESPNNewYork.com reported yesterday, MLB owners voted in January to permit teams the authority to take away pension plans from any employees that do not wear a uniform. (The effect would be prospective only.) MLB COO Rob Manfred noted that the vote does not require such a course of action and said no team has cut pension benefits, while asserting defined contribution plans are a reasonable alternative retirement structure. Though Rubin reports that some clubs appear primed to make reductions, Manfred disputed that it was inevitable. Meanwhile, as Wendy Thurm of Fangraphs details, MLB is now defending multiple lawsuits filed by interns, volunteers, and, most recently, minor league ballplayers. 

Here are some notes from the National League …

  • After today's trade for catcher Jose Lobaton and a pair of prospects, Nationals GM Mike Rizzo explained his reasoning, Adam Kilgore of the Washington Post was among those to report. RIzzo said that Lobaton "fit the criteria we were looking for" due to his switch-hitting abilities and solid pitch-framing ratings, the latter of which Rizzo labeled "key" to the deal. "Switch hitting is certainly a bonus," said Rizzo. "Our statistical analysis people rank all the catchers in baseball, and he ranks very well in the framing." Rizzo said that he was particularly high on Felipe Rivero, indicating that he felt like he took the place of fellow 22-year-old southpaw Robbie Ray, who was shipped out in the Doug Fister deal. The Washington GM labeled Rivero a "huge-upside left-handed starter."
  • The Pirates' inability to reel back A.J. Burnett is based, at root, in a decision not to allocate all of the club's free payroll space to one arm, writes Travis Sawchik of the Pittsburgh Tribune-Review. Though Pittsburgh ultimately made a $12MM offer to Burnett, the club went into the off-season hoping to spread approximately $17MM to $19MM among multiple acquisitions, and came close to landing both Josh Johnson and James Loney. That explains much of the team's decision not to make Burnett a qualifying offer, says Sawchik, though he opines that the offer likely would have been declined. "It's always easy to look in hindsight," said GM Neal Huntington. "If [Burnett had] accepted the offer it would have had a significant impact on what we could have done. … It would have affected our approach on the first base market, the right field market, and bullpen market. If we had [a] crystal ball and seen this is the way it would play out maybe things are different."
  • Even after inking Burnett to a $16MM deal that reportedly pushes the Phillies player contract tab right up to (if not over) the $189MM luxury tax line, GM Ruben Amaro Jr. said today that the club's payroll remains flexible, tweets Bob Nightengale of USA Today.
  • Philadelphia reliever Antonio Bastardo will look to return from a 50-game PED suspension last year arising out of the Biogenesis scandal. In addition to expressing contrition today, he said that he faced a 100-game ban had he appealed, tweets Nightengale.
  • Reds GM Walt Jocketty explained how his club came to claim Cubs righty Brett Marshall off of waivers, as MLB.com's Mark Sheldon reports"I talked to him and he sounded like a good kid," said Jocketty. "We had good reports on him. He had one of the best changeups in the Yankees organization. He's a sinkerballer with a good slider. He's got a couple of options left."

Cubs Sign James McDonald

The Cubs have officially signed pitcher James McDonald. The deal, originally thought to be a minor league contract, is actually a major league deal, tweets MLBTR's Tim Dierkes. 

McDonald's $1MM salary is not fully guaranteed, however, reports Mark Gonzales of the Chicago Tribune via Twitter. The 29-year-old can also earn incentives, tweets Bruce Levine of 670thescore.com.

McDonald hit the open market in September when he refused an outright assignment from the Pirates. Things never came together for him last year, as he only got six starts and ended up with a 5.76 ERA in 29 2/3 MLB innings. Control was a particular issue, as McDonald ended up with 6.1 BB/9. In 33 Triple-A innings in 2013, McDonald scuffled to a 6.55 ERA.

Nevertheless, McDonald offers tantalizing upside. Over the first half of 2012, he carried a 2.37 ERA with a 3.23 K:BB ratio and allowed opponents to hit just .196/.258/.312 against him. (Of course, those numbers flipped to a 7.52 ERA, 1.34 K:BB rate, and .292/.388/.551 line in the second half.) And though he dealt with a shoulder issue last year, McDonald has otherwise been durable over his professional career.

Bruce Levine of 670thescore.com first reported the signing on January 31st (via Twitter). Carrie Muskat reported via Twitter that the deal was official. 

Cubs Sign Jason Hammel

The Cubs have officially signed free agent starter Jason Hammel to a one-year, $6MM deal. The 31-year-old Octagon client can earn an additional $1MM in incentives.

Hammel

After posting a strong 3.43 ERA in 2012 season that was shortened due to knee surgery, Hammel failed to repeat in 2013. Hammel had reached 8.5 K/9 and 53.2% GB% in 2012, both of which represent career highs by a substantial margin.

As MLBTR's Tim Dierkes noted in ranking Hammel 48th on his list of the top fifty free agents, Hammel saw a dive in his strikeout and groundball rates and dealt with elbow issues. He ultimately ended up with a 4.97 ERA over 139 1/3 innings in 2013.

Prior to the long DL stints in his last two seasons, Hammel had registered three straight years with at least 170 innings for the Rockies. Though he averaged only a 4.63 ERA in that period, those figures were likely inflated by pitching at Coors Field. He posted successive FIP (3.71/3.70/4.83), xFIP (3.76/3.66/4.65), and SIERA (3.90/3.79/4.85) marks that paint a more favorable picture.

The Cubs had signed only three players to guaranteed MLB deals before landing Hammel, none of whom are starters. Hammel will presumably fill out the club's 2014 rotation, joining Jeff Samardzija, Edwin Jackson, Travis Wood, and Jake Arrieta to form the regular starting five.

After missing out on Masahiro Tanaka, Chicago had been rumored to be looking to make a value play on a mid-tier starter. WIth recent injury issues holding down his value, Hammel looks to be the same kind of pitcher that the Cubs targeted last year, when they inked Scott Baker (one year, $5.5MM), Scott Feldman (one year, $6MM), and Carlos Villanueva (two years, $10MM). 

Ken Rosenthal of FOX Sports was first to report the signing on January 31st (via Twitter). Jeff Passan of Yahoo Sports tweeted that the deal was for one year and around $6MM. Jon Heyman of CBSSports.com tweeted the final financial terms. Carrie Muskat of MLB.com first tweeted that the deal was official.

Image courtesy of USA Today Sports Images.

Nationals Acquire Jose Lobaton For Nate Karns

The Nationals have officially acquired catcher Jose Lobaton and two prospects from the Rays in exchange for pitcher Nate Karns. Along with Lobaton, the Nationals will pick up a pair of 22-year-olds that played at the High-A level last year: lefty Felipe Rivero and outfielder Drew Vettleson. Washington placed Erik Davis on the 60-day DL (right elbow strain) to clear 40-man roster space for Rivero.

Lobaton

Lobaton is a 29-year-old backstop who figures to slot in behind Nats' incumbent Wilson Ramos on the depth chart. A switch-hitter, Lobaton will presumably see much of his time against righties. Indeed, that has been the case for most of his time in the big leagues, though he has hit from both sides of the plate at roughly the same rate over his career.

Last year, in 311 plate appearances, Lobaton managed a .249/.320/.394 line, good for a league average OPS that plays nicely from the catching position. In addition to offering a left-handed hitting option, Lobaton appeals due to his affordable $900K salary this year and the fact that he can be controlled for three more seasons through arbitration. As MLBTR's Steve Adams noted earlier this month, however, the Venezuelan native's defensive metrics provide cause for some concern.

The 26-year-old Karns underwent shoulder surgery early in his career and just reached the big leagues for three starts last year. Throwing 132 2/3 innings at the Double-A level last year, he put up a 3.26 ERA with 10.5 K/9 against 3.3 BB/9.

Karns is a well-regarded prospect with a big arm, but questions remain whether he will stick in the rotation. Baseball America placed him at the ninth spot among the Nationals' top ten prospects. He had been expected to have an outside chance at earning a rotation spot in D.C., but otherwise would likely have served as minor league depth. Instead, he will presumably find himself facing a similar proposition in Tampa, whose fifth-starter options are perhaps led by 23-year-old prospect Jake Odorizzi.

The prospect return to Washington surely plays an important role in this deal. The southpaw Rivero, who landed at 17th on the BA list this year and 20th last year, threw to a 3.40 ERA in 127 innings at High-A last year, posting 6.4 K/9 against 3.7 BB/9. Rivero has a slight build but reportedly delivers a fastball that touches the mid-90s and carries mid-rotation upside. He occupied a 40-man slot in Tampa. The Nationals had success with a similarly youthful lefty acquired via trade last year, getting some production out of Ian Krol before flipping him in the Doug Fister trade.

Vettleson — the 42nd overall choice in the 2010 draft — also placed amongst the Rays' top thirty prospects. Gaining the 11th overall slot last year, he fell to 20th on this year's version after a .274/.331/.388 campaign at High-A. He knocked just four home runs a year after hitting 15 at the low-A level in 2012, and also swiped only five bases after netting 20 over the prior campaign. Vettleson profiles as a right fielder, with decent legs and a good arm. Baseball America says that, if his power develops as he fills out, and he improves his jumps on the bases and defensive routes, the left-handed hitter could end up with a solid all-around tool set.

The deal shapes up to be a swap of somewhat redundant assets. For Tampa, Lobaton had no obvious role going forward after the Rays acquired Ryan Hanigan from the Reds earlier in the off-season. Meanwhile, the club learned that starter Jeremy Hellickson would miss the early part of the year due to injury. Though Rivero could potentially have a similar ceiling to Karns, the latter is certainly a more established player who is much closer to making a contribution at the MLB level. Even if he does not earn a rotation slot, he could contribute in the pen sooner rather than later.

From the Nationals' perspective, the price was likely easier to bear given presence of other young, MLB-ready starting options (including Taylor Jordan and Tanner Roark, in addition to the more established Ross Detwiler) as well as several other solid arms moving through the system. (To say nothing of the fact that the team already has a strong, young, current MLB rotation that is under control for at least two years.) Though Washington had already traded one well-regarded young starter earlier in the off-season when it sent Robbie Ray (among others) to the Tigers for Fister, Karns did not have a clear place on the big league club and was something of a wasting asset in the minors given his age. By picking up younger talent in the deal, the club managed to maintain a reasonable portion of its talent base while shifting its promotion timeline in a potentially beneficial manner, all while adding a solid piece to the MLB roster.

MLB.com's Bill Ladson first reported the deal (via Twitter). Marc Topkin of the Tampa Bay Times first reported the structure of the deal in its negotiating phase on Twitter. Adam Kilgore of the Washington Post reported (via Twitter) that Karns had been told he was traded to the Rays. Topkin first reported that two minor leaguers would also head to the Nats (via Twitter), and Kilgore tweeted that those names were amongst the Rays' top thirty prospects. Chris Cotillo of MLBDailyDish.com first reported on Twitter that Rivero was included in the deal.