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Details On Dylan Cease Trade Talks Between White Sox, Reds

By Mark Polishuk | December 24, 2023 at 4:03pm CDT

There hasn’t been much on the Dylan Cease front since early December, when reports suggested that the White Sox were going to wait until the free agent pitching market had become a bit clearer before again weighing offers for the right-hander.  The Reds were known to be one of the clubs interested in Cease, though 670 The Score’s Bruce Levine reported that the Sox had asked for a four-player trade package — pitching prospects Rhett Lowder and Chase Petty, as well as two position-player prospects.

Jason Williams of the Cincinnati Enquirer sheds some more light on Chicago’s demands, writing that the White Sox wanted Lowder, Edwin Arroyo, Connor Phillips, “and at least one more prospect.”  This could mean that the Sox wanted a five-player return, with Petty and an unknown position player comprising the other two names involved. MLB Pipeline ranks Lowder, Arroyo, and Phillips within the top 68 prospects in all of baseball, while Lowder (45th) and Phillips (86th) also ranked within Baseball America’s last top 100 ranking from September.

New White Sox GM Chris Getz has been open about the fact that he is willing to discuss any player on his team’s roster in trade negotiations, though some obviously come at a much higher price tag than others.  Luis Robert Jr. may be the only player close to truly untouchable, and Cease might not be far off, though the two have differing levels of team control.  Robert’s contract contains two club options that control his services through the 2027 season, while Cease has only two more years of arbitration eligibility remaining before he can hit free agency in the 2025-26 offseason.

Still, two years of a frontline pitcher like Cease is still quite an asset — either for a White Sox team trying to get on track after a disastrous season, or as a trade chip the Sox can use to reload the roster for both now and the future.  The Reds are a natural trade partner on paper, given how Cincinnati is in sore need of pitching help and is also deep in position-player prospects.  Cincinnati was known to have interest in Chicago’s pitching even prior to the All-Star break, so it is safe to assume Cease has been on the Reds’ radar for a while, at least in some fashion.

Because the White Sox are known to be targeting pitching, however, the Sox and Reds might not quite line up as smoothly on a Cease trade as it might seem.  Obviously any team would be hesitant about moving three of its top-rated pitching prospects, and in particular, the Reds would be wary about cleaning out their pitching assets when they have so much of an surplus in another area (the infield) in their farm system.  Speculatively speaking, the Reds might be more willing to consider a package of Arroyo, another position player, and one pitcher for Cease, yet it isn’t surprising why Cincinnati would balk at moving at least two of Phillips, Lowder, and Petty on top of what is already a substantial return of infield talent.

There isn’t really any harm in aiming high, of course, as Getz has plenty of offseason left to continue to explore other potential trade packages involving Cease.  The fact that the Dodgers have already nabbed two of the top free agent (Yoshinobu Yamamoto) and trade (Tyler Glasnow) targets on the market has left a lot of other teams still in sore need of rotation help, so it certainly seems possible that Cease might be wearing another uniform by Opening Day.

It is also too early to rule the Reds out of any further Cease talks, even if that rumored four-for-one or five-for-one seems like a bridge too far.  Cincinnati has been aggressive in adding to its rotation and bullpen by signing Nick Martinez and Emilio Pagan, and bolstered its infield picture even further by signing Jeimer Candelario.  The addition of Candelario seemingly makes it more likely that the Reds could move an infielder in some manner of trade, whether for Cease or another pitcher.

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Chicago White Sox Cincinnati Reds Chase Petty Connor Phillips Dylan Cease Edwin Arroyo Rhett Lowder

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Angels Sign Chad Wallach To Minor League Deal

By Mark Polishuk | December 23, 2023 at 2:53pm CDT

The Angels have re-signed catcher Chad Wallach to a minor league contract, Jeff Fletcher of the Orange County Register reports (X link).  Wallach entered free agency after being outrighted off the Halos’ 40-man roster following the season, and it is safe to guess that his new minors deal contains an invitation to Spring Training.

It is the second catcher signing in as many days for Los Angeles, as Francisco Mejia was also added on a minors contract yesterday.  Logan O’Hoppe is set to be the Angels’ starting catcher and Matt Thaiss has the inside track on the backup job, but Mejia and Wallach will provide some veteran competition and depth in Spring Training.  Since Thaiss also has some experience as a corner infielder, the Halos could even consider carrying three catchers on the Opening Day roster, depending on how the rest of their offseason dealings play out.

Wallach is a known quantity in Anaheim, first joining the organization after being claimed off waivers from the Dodgers in August 2021.  The Angels have outrighted Wallach off the roster four times, and this marks the second straight offseason that Wallach had elected free agency and then re-signed with the organization.

Wallach’s defense and reputation as a quality game-caller have led to a seven-year Major League career, consisting of 155 career games and 443 plate appearances with the Reds, Marlins and Angels from 2017-23.  Due to the Angels’ catching injuries last season, Wallach set new career highs in both games played (65) and PA (172), though he didn’t deliver much at the plate.  Over his 443 career PA, Wallach has hit .198/.263/.328 with 11 home runs — seven of those dingers came in 2023.

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Los Angeles Angels Transactions Chad Wallach

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Padres Discussed Jake Cronenworth Trade With Blue Jays

By Mark Polishuk | December 23, 2023 at 2:32pm CDT

The Padres had talks with the Blue Jays about a possible trade involving Jake Cronenworth, The Athletic’s Ken Rosenthal reports.  These discussions notably took place prior to the trade that saw the Padres move Juan Soto and Trent Grisham to the Yankeees, and Rosenthal now suggests that Cronenworth might not be moved since San Diego would be moving another left-handed hitter from a lineup that now tilts rather heavily to the right side.

Rosenthal’s suggestion notwithstanding, the Padres’ payroll balance might be a bigger factor than lineup balance in gauging a Cronenworth trade.  Cost-cutting has been the central theme of the Friars’ offseason, as the team is looking to reset its luxury tax status and perhaps drop the payroll under $200MM, from an approximate $255MM figure in 2023.  This was the chief reasoning behind the Soto trade, as well as Grisham’s inclusion in the deal to move some extra salary off the books.  The Padres also dealt Matt Carpenter to the Braves in another salary dump of a move, while free agent pitchers Seth Lugo, Michael Wacha, and Nick Martinez have all signed elsewhere (and Blake Snell and Josh Hader also doesn’t seem likely to be re-signed).

With this focus in mind, it is hard to imagine that the Padres wouldn’t also be eager to get Cronenworth’s contract off the books.  The infielder is still owed $78MM over the course of a seven-year extension that officially begins with the 2024 season, and that deal now looks like a front office misfire in the wake of Cronenworth’s disappointing 2023 campaign.  While Cronenworth hit a solid .256/.338/.431 over 1519 plate appearances for San Diego from 2020-22, he stumbled to a .229/.312/.378 slash line in 522 PA last season and suffered a right wrist fracture that ended his year in late August.

MLBTR’s Anthony Franco recently looked at the obvious difficulties San Diego would face in trying to trade Cronenworth at this low point in his value, and it seems very unlikely the Padres would be able to swing a deal unless they either ate a big chunk of Cronenworth’s deal, or took on another undesirable contract in return.  As such, it might benefit the Friars to just hang onto Cronenworth and hope that he can rebound next season — either to boost his trade value or simply to reclaim his spot as a building block in the team’s future.

From the Blue Jays’ perspective, acquiring Cronenworth makes sense given the club’s needs at second base and third base.  The versatile infielder has primarily played at the keystone at the MLB level, though he could chip in at third base in a pinch, and also act as a backup for Toronto at shortstop and first base, to boot.  The Jays are also short on left-handed hitters, though naturally the bigger question would be whether Cronenworth would provide much of a lineup upgrade given his 2023 struggles.

It is fair to assume that Toronto’s inquiries didn’t involve the Jays picking up even the majority of Cronenworth’s deal, unless perhaps the interest was also tied into the Blue Jays’ known interest in Soto.  This is purely speculative on my part, but the Jays might’ve considered the idea of taking on the bulk of Cronenworth’s contract in addition to Soto, as a way of reducing the prospect cost that would’ve gone back to San Diego in return.  This tactic would’ve added quite of bit of extra money to Toronto’s payroll, yet the Jays might’ve considered it worthwhile to land Soto even for a year, and without dealing from its minor league ranks.  If Cronenworth had then bounced back in a Jays uniform, that would’ve been an additional long-term bonus.

While Grisham was unloaded as part of the actual Soto trade with the Yankees, the Padres prioritized talent acquisition rather than pure salary offload in the eventual deal, upgrading their rotation with pitchers who can help now (i.e. Michael King) and in the future.  Given how the Padres still plan to compete in 2024 rather than embark on a pure fire sale, watering down Soto’s trade value by attaching a more cumbersome contract like Cronenworth’s extension to the package wouldn’t have been the wiser long-term play.

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San Diego Padres Toronto Blue Jays Jake Cronenworth

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Eight Teams Combine For Record $209.8MM In Luxury Tax Bills

By Mark Polishuk | December 23, 2023 at 1:34pm CDT

Major League Baseball has finalized the luxury tax calculations for the 2023 season, and the eight teams over the Competitive Balance Tax threshold will combine for a total bill of $209.8MM, Ronald Blum of the Associated Press reports.  Both the total number of tax-paying teams and the total sum are new records, surpassing the previous highs of six teams (in 2016 and 2022) and $78.5MM (in 2022).

Here is what each of the eight teams owes for surpassing at least the $233MM base CBT threshold….

  • Mets: $100,781,932
  • Padres: $39.7MM
  • Yankees: $32.4MM
  • Dodgers: $19.4MM
  • Phillies: $6.98MM
  • Blue Jays: $5.5MM
  • Braves: $3.2MM
  • Rangers: $1.8MM

As a reminder of how the luxury tax operates, the CBT figures are determined by the average annual value of salaries for players on the 40-man roster.  A player earning $20MM over two seasons, for example, has a CBT number of $10MM, even if the player might earn $8MM in the first year of the contract and $12MM in the second year.  Deferred money in a contract can reduce a luxury tax number to some extent — most famously, Shohei Ohtani’s $700MM deal with the Dodgers contains $680MM in deferred money, so his CBT hit will be roughly $46MM per season instead of $70MM.

A team is considered a “first-time payor” if they haven’t spent above the CBT threshold in the previous season.  A first-time payor would owe a 20% surcharge on any dollar spent between $233MM and $253MM, 32% of anything between $253MM and $273MM, 62.5% on anything between $273MM and $293MM, and then 80% of overages for anything beyond $293MM.  These percentages rise if a team is a tax payor for two consecutive seasons, and then even further if a team exceeds the CBT line in three or more consecutive seasons.  This year’s CBT class featured three first-time payors (Texas, Atlanta, Toronto), three two-time payors (Philadelphia, both New York teams) and two three-time payors (San Diego, Los Angeles).

The $293MM threshold was instituted in the last Collective Bargaining Agreement as a fourth penalty tier, and it is unofficially known as the “Steve Cohen Tax” in a reference to the Mets owner’s penchant for big spending.  Even though New York has only topped the CBT whatsoever in 2022 and 2023, it isn’t surprising that Cohen’s team set new standards for tax payouts.  The Mets’ tax payroll of $374.7MM and approximate $100.78MM tax bill far exceeded the 2015 Dodgers’ previous records of $291.1MM and $43.6MM, respectively.

This bill would’ve been even higher if the Mets hadn’t unexpectedly struggled, and unloaded some expensive contracts at the trade deadline in order to save some money and reload with an eye towards probably 2025 as a more clear-cut return to contention.  Blum also notes that the Mets received a $2,126,471 tax credit related to a CBA provision, which slightly reduced their bill further.

As always, the actual financial cost of exceeding the tax is perhaps the least-important part of the penalties, especially for teams who barely across the first threshold.  Teams who exceed the CBT line would face further punishment in regards to free agents who reject qualifying offers, whether that translates to additional compensation required to sign a QO-rejecting player, or lesser compensation received if a team’s own qualified free agent signs elsewhere.  For instance, signing Ohtani cost the Dodgers not just $700MM, but also $1MM in international draft pool money and their second- and fifth-highest picks in the 2024 draft.  For a team like the Padres, should Blake Snell or Josh Hader sign elsewhere, San Diego’s compensatory draft selection wouldn’t come until after the fourth round of the 2024 draft.

Spending on talent is more often than not a recipe for success on the field, though obviously hardly a guarantee.  The Mets had a losing record, and the Padres and Yankees each squeaked over the .500 mark with 82-80 records.  The other five tax payors reached the playoffs, though the Phillies and the World Series champion Rangers were the only members of that group of five to win at least one postseason series.

The $209.8MM in tax revenues will be split up in three ways by the league.  The first $3.5MM is devoted to funding player benefits, $103.15MM will go towards funding individual player retirement accounts, and the other $103.15MM will be put into a supplemental commissioner’s discretionary fund and distributed amongst revenue-sharing recipient teams who have grown their (non-media) local revenue over a pre-determined number of years.

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Atlanta Braves Los Angeles Dodgers New York Mets New York Yankees Newsstand Philadelphia Phillies San Diego Padres Texas Rangers Toronto Blue Jays

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KBO’s Kiwoom Heroes Re-Sign Ariel Jurado

By Mark Polishuk | December 23, 2023 at 12:03pm CDT

The Korea Baseball Organization’s Kiwoom Heroes have reached a new deal with right-hander Ariel Jurado, Jeeho Yoo of the Yonhap News reports (via X).  Jurado will earn $1.2MM in salary on his new one-year contract, and another $100K worth of incentive bonuses are also available.

Jurado’s debut season in the KBO League was a success, as he posted a 2.65 ERA over 183 2/3 innings.  Though he struck out only 19.3% of batters, Jurado (who turns 28 next month) had a solid 5.4% walk rate and a staggering 65.5% groundball rate.  The righty allowed only seven homers last season, a noteworthy feat in the hitter-friendly KBO.

Jurado’s performance was one of the few highlights of a tough season for the Heroes, who followed up a Korean Series appearance in 2022 with a last-place finish in 2023.  It isn’t surprising that the team was eager to retain Jurado as it tries to get back on track, and Jurado cashed in with a substantial raise on his $850K salary from last season.  Another nice showing in the KBO League could get Jurado some more attention from MLB clubs, though his grounder-heavy approach doesn’t have as much traditional appeal to scouts as a more strikeout-reliant pitcher.

A veteran of three MLB seasons, Jurado tossed 181 innings for the Rangers and Mets in 2018-20, with all but a single one of those frames coming in a Texas uniform.  Jurado posted a 5.97 ERA while working mostly as a swingman, and he started 27 of his 45 Major League appearances.  He missed all of 2021 recovering from Tommy John surgery, and then posted a 3.30 ERA over 57 1/3 frames in the Twins’ minor league system in 2022 without getting another call up to the majors.

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Korea Baseball Organization Transactions Ariel Jurado

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NPB’s Chunichi Dragons Sign Alex Dickerson

By Mark Polishuk | December 23, 2023 at 11:24am CDT

The Chunichi Dragons have signed outfielder Alex Dickerson, according to multiple reports out of Japan (hat tip to Jon Heyman of the New York Post).  Dickerson didn’t play in the affiliated minors in 2023, instead playing 115 games with the independent Atlantic League’s Long Island Ducks, and also 12 games with Acereros de Monclova of the Mexican League.

Dickerson is a veteran of six MLB seasons from 2015-2022, playing in 339 games and hitting .255/.325/.460 over 1001 career plate appearances.  The large majority (872) of those plate appearances came against right-handed pitching, even though the lefty-swinging Dickerson’s career splits aren’t too dissimilar, apart from a lot more power against righty pitching.

Injuries have been perhaps the chief reason why the 33-year-old hasn’t been able to carve out a solid niche for himself in the big leagues.  Dickerson missed all of the 2017-18 seasons due to back surgery and Tommy John surgery, and he has been a frequent visitor to the injured list several other times in his career.  The pandemic-shortened 2020 season was the only “full” season of good health for Dickerson, and he delivered an impressive .298/.371/.576 slash line over 170 PA for the Giants.

Though Dickerson hit very well after being acquired by San Francisco during the 2019 season, his production started to tail off during an injury-marred 2021.  The Giants designated him for assignment after the season and he caught on with the Braves, but Dickerson struggled badly in 13 games with Atlanta in April 2022, which marked his last appearances in the major leagues.

Dickerson will now get another international opportunity with the Nagoya-based Dragons, who are looking to reverse their fortunes after struggling for most of the last decade.  While Dickerson’s big numbers in the Atlantic League may not necessarily hint at future success in NPB, it seems quite possible that the outfielder might get on track if he can just stay healthy.  A successful season with the Dragons might then led to more opportunities in Japan, or perhaps more looks from MLB teams next winter.

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Nippon Professional Baseball Transactions Alex Dickerson

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Phillies Prioritizing Extension With Zack Wheeler

By Mark Polishuk | December 23, 2023 at 10:16am CDT

The Phillies’ “No. 1 priority” for the remainder of the offseason “is signing ace Zack Wheeler to a contract extension,” MLB.com’s Todd Zolecki writes.  Wheeler is set to be a free agent next winter, as he is entering the final season of his five-year, $118MM contract.

Four seasons in, that deal has been an unqualified success from the Phillies’ perspective.  Wheeler has the most fWAR (19.3) of any starter in baseball since the start of the 2020 season, as he has posted a 3.06 ERA, 26.7% strikeout rate, 5.3% walk rate, and 47% grounder rate over 629 1/3 regular-season innings in a Philadelphia uniform.  The right-hander has been even more dominant during the postseason, delivering a 2.42 ERA over 63 1/3 playoff innings to help carry the Phillies to an NL pennant and an NLCS appearance over the last two seasons.

There aren’t many red flags on Wheeler as he enters his age-34 season, even if his 3.61 ERA in 2023 was the highest of his Philadelphia tenure.  He generated fewer grounders and allowed a bit more hard contact than usual, and Wheeler relied more heavily on his signature four-seamer than ever before — he reduced his cutter usage since the secondary pitch wasn’t as effective as it had been in 2021-22.

Health-wise, Wheeler underwent a Tommy John surgery in 2015 and battled some other arm problems during his time with the Mets in 2016-17.  He has been quite durable ever since, and a month-long bout of forearm tendinitis late in the 2022 season ended up being relatively minor, as Wheeler returned in strong form for the Phillies’ playoff run.

With his track record of success and durability, Wheeler figures to be one of the most sought-after members of the 2024-25 free agent class, even if he’ll be turning 35 in May 2025.  As such, Wheeler and his representatives at Wasserman might seek out a bit of a premium from the Phillies in order to keep the righty from testing the market.  A four-year extension isn’t an unreasonable ask given Wheeler’s relatively clean recent health history, and topping the $23.6MM average annual value on his current contract seems like a given.

The Phillies have obviously shown a willingness to spend big in acquiring and retaining star players over the last few seasons, even if this hasn’t manifested itself in many actual extensions.  Jose Alvarado and Seranthony Dominguez are the only Phillies to sign extensions during Dave Dombrowski’s three-plus years as president of baseball operations, and those relatively modest deals (two years and $18.55MM in new money for Alvarado, two years and $7.25MM for Dominguez) aren’t in the stratosphere of what it’ll take to lock up Wheeler.  While the Phillies kept Aaron Nola and J.T. Realmuto in the fold on new contracts, the Phils let both players reach the open market first before eventually re-signing the duo.

It was just over a month ago that Nola was re-signed to a seven-year, $172MM deal, cementing the right-hander as a staple of the Phils’ rotation through the rest of the decade.  Nola joins Bryce Harper and Trea Turner as Philadelphia players who are already signed through at least the 2030 season, plus Realmuto and Kyle Schwarber are on the books through 2025, and Taijuan Walker and Nick Castellanos are signed through 2026.  An extension for Wheeler would put yet another hefty contract on the team’s ledger, though spending big on star talent has long been Dombrowski’s M.O.  The Phillies have exceeded the luxury tax in each of the last two seasons and are projected to be well over at least the first tax threshold in 2024, so owner John Middleton isn’t showing any signs of cutting back given how close the Phillies have come to a championship.

That said, it seems like a lot of the heavy lifting is over on the Phillies’ 2023-24 offseason work, now that Nola has been re-signed and Yoshinobu Yamamoto is officially off the market.  Signing Yamamoto would have arguably been a luxury for the team, yet the team viewed him as a special player worthy of a strong push, and Dombrowski told Zolecki and other reporters that “I think we were extremely competitive” in at least getting Yamamoto’s attention.

“We were aggressive. When we made our presentation [to Yamamoto’s representatives], I think our guys did a tremendous job,” Dombrowski said. “I think they presented the organization well….I don’t think it had anything to do with anything else, he just preferred to be a Dodger.  Ultimately he was just not a person attuned to coming to Philly.”

In terms of further pursuits, Dombrowski said other additions would come “more around the edges” of the roster, since so much of Philadelphia’s 26-man is already set.  This will take the form of bullpen help and depth/swingman type of pitchers for the rotation, and Dombrowski downplayed the idea of adding another outfielder.  With Harper now the regular first baseman and Schwarber the regular DH, the Phillies will have Castellanos, Brandon Marsh, Johan Rojas, Cristian Pache, Jake Cave, Simon Muzziotti, and utilitymen Weston Wilson and Kody Clemens all in the mix for outfield playing time.

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Philadelphia Phillies Yoshinobu Yamamoto Zack Wheeler

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Red Sox Sign Mark Kolozsvary To Minor League Deal

By Mark Polishuk | December 23, 2023 at 8:06am CDT

The Red Sox have signed catcher Mark Kolozsvary to a minor league contract, ESPN’s Kiley McDaniel reports (via X).  The deal contains an invitation to Boston’s big league Spring Training camp.

Kolozsvary’s MLB resume consists of 10 games with the Reds in 2022 and then one game (or, one half-inning as a defensive replacement) with the Orioles this past season.  The 28-year-old backstop was designated for assignment and then outrighted shortly after that lone appearance for the O’s, and Kolozsvary landed with the Twins on a minor league deal soon thereafter.

Originally a seventh-round pick for the Reds in the 2017 draft, Kolozsvary hasn’t hit much during his minor league career, and he has only a .174/.282/.301 slash line over 300 plate appearances at the Triple-A level.  However, he managed to climb the ladder and reach the majors on the strength of his all-around solid defensive game.  It’s the type of skillset that has extended many a catcher’s career, and Kolozsvary will head to Boston’s camp looking to impress either Red Sox brass or perhaps opposing scouts, if he ends up being a late cut.

The Red Sox already have Connor Wong and Reese McGuire lined up as their regular catching tandem, Roberto Perez was signed to a minor league deal earlier in December, and top prospect Kyle Teel could make his MLB debut at some point in 2024.  While perhaps somewhat of a crowded situation on paper, teams usually like to have depth in camp at the catcher position, and the Sox will be looking to both continue Teel’s development while also having an acceptable amount of emergency depth on hand at the Triple-A level.

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Boston Red Sox Transactions Mark Kolozsvary

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Ryan Minor Passes Away

By Mark Polishuk | December 23, 2023 at 7:25am CDT

Former Orioles third baseman and minor league manager Ryan Minor passed away on Friday at age 49, as announced by Ryan’s brother Damon (via X): “After a courageous and hard fought battle I’m sad to say that Ryan lost his fight with cancer this afternoon.  He truly was the best twin brother you can ask for. His family and I want to thank everyone for the prayers and support during this time.  BOOMER SOONER.”

Minor played in 142 MLB games over four big league seasons, hitting .177/.228/.259 over 342 career plate appearances.  Minor appeared in 87 games with the Orioles from 1998-2000 and in 55 games with the Expos in 2001, and his time in the minor leagues and in independent baseball spanned from 2002-05, including stops in the farm systems of the Mariners, Dodgers, and Marlins.

In just his third career big league game, Minor became a unique part of baseball history.  Minor was Baltimore’s starting third baseman against the Yankees on September 20, 1998, which meant that he was technically the player who supplanted Cal Ripken Jr. in the Orioles’ lineup on the night that Ripken voluntarily ended his record consecutive-games streak.

After retiring from playing, Minor started a long second career as a coach and minor league manager.  Much of that time was spent in Baltimore’s organization, working from 2010-19 managing the Orioles’ A-ball and high-A affiliates in Delmarva and Frederick.  Minor also worked as a coach and manager in the Atlantic League in 2006-07 before beginning his long stint with the Orioles, and he managed the Tigers’ Gulf Coast West League affiliate in 2020-21.

As Damon Minor’s message indicates, the Minor brothers attended the University of Oklahoma, and Ryan was a standout in both baseball and basketball.  Minor was a second-round draft pick (selected 32nd overall) for the Philadelphia 76ers in the 1996 NBA Draft, and he spent 1996 playing in the Sixers’ preseason camp and in the Continental Basketball Association.  The Orioles controlled Minor’s baseball rights via a 33rd-round selection in the 1996 MLB draft.

We at MLB Trade Rumors send our condolences to Minor’s family, friends, and colleagues.

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Baltimore Orioles Obituaries

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Dodgers Acquire Tyler Glasnow, Manuel Margot; Glasnow Signed To Contract Extension

By Mark Polishuk | December 19, 2023 at 2:45pm CDT

December 19: Per Jon Heyman of The New York Post, the extension is actually valued at $111,562,500 over four years, with Glasnow to make $30MM from 2025 to 2027. The player option in 2028 is valued at $21,562,500, slightly higher than previous reporting. Heyman’s framing also suggests that Glasnow will choose on his option first. If he turns it down, then the Dodgers will get to decide whether or not to trigger a $30MM club option.

December 16, 3:33pm: USAToday’s Bob Nightengale relays the full contract breakdown for Glasnow, reporting that the 2028 player option is worth $21.5MM. This accounts for the previously unexplained $1.5MM discrepancy between the reported contract breakdown and the Dodgers’ announced $136.5MM figure.

12:08pm: The Dodgers and Rays finalized the four-player trade that will sent right-hander Tyler Glasnow, outfielder Manuel Margot, and $4MM in cash considerations to Los Angeles in exchange for right-hander Ryan Pepiot and outfielder Jonny Deluca.  News of the trade first broke a few days ago, with the final hurdle being the Dodgers’ ability to sign Glasnow to a contract extension.  That deal has now also been completed, with L.A. announcing that Glasnow has agreed to a new long-term pact worth $136.5MM.  Glasnow is represented by Wasserman.

As per the terms reported yesterday by ESPN’s Jeff Passan, the new contract will see Glasnow earn $110MM in new money over the course of the 2025-28 seasons.  Glasnow was already slated to earn $25MM in 2024 according to the terms of his prior contract with the Rays, and the new deal with L.A. breaks down as $90MM in salary over the 2025-27 seasons, and then the Dodgers hold a $30MM club option on Glasnow’s services for 2028.  If the team declines that option, Glasnow can exercise a $20MM player option for 2028.  Since Passan’s numbers only add up to $135MM rather than the Dodgers’ announced figure of $136.5MM, that extra $1.5MM has yet to be accounted for, possibly a signing bonus or a bit of extra guaranteed money on one of the years.

Unlike Shohei Ohtani’s $700MM mega-deal with the Dodgers from last week, Glasnow’s extension doesn’t contain any deferred money.  As such, it will be entirely portioned out onto the Dodgers’ luxury tax bills based on a $27.3MM average annual value over the next five seasons.  According to Roster Resource’s calculations, Los Angeles has an estimated luxury tax number of roughly $253.7MM for 202 — still under the $257MM secondary CBT tier, thanks to all of Ohtani’s deferrals lowering his tax-related AAV to $46MM per season.  Still, with a number of roster needs still be addressed, the Dodgers’ tax bill could certainly still approach or exceed the next penalty tier of $277MM between now and Opening Day.

Glasnow has been seen as a possible trade candidate basically since the moment he inked his previous two-year, $30.35MM extension with Tampa Bay during the 2022 season.  Signed when Glasnow was recovering from Tommy John surgery, the deal saw $25MM of the salary backloaded into the 2024 season, making it likely that the cost-conscious Rays would try to unload the right-hander beforehand.

The 30-year-old’s availability dovetailed with the Dodgers’ need for pitching this winter, as the Los Angeles rotation is full of injury-related question marks (i.e. Walker Buehler, and possibly Dustin May at midseason), pitchers without much big league experience (Bobby Miller, Emmet Sheehan, Michael Grove, Gavin Stone), and a swingman in Ryan Yarbrough who may be best suited for bullpen duty.  Pepiot was another member of that young crop of arms, but he’ll now head to Tampa Bay as he enters his third season of MLB duty.

In moving Glasnow and Margot and factoring in the $4MM in cash considerations, the Rays unloaded $33MM worth of salary for two players making the Major League minimum, in a move reminiscent of many budget-trimming, sell-high types of trades Tampa has become known for over the years.  The Rays’ success rate in these deals is almost a cliche by this point, and even if Tampa Bay fans have become weary of the team’s continual roster churn and perpetually low-spending ways, the Rays’ ability to field competitive teams speaks for itself.  Pepiot figures to step right into the rotation spot left open by Glasnow, while Deluca may not be guaranteed a spot in the Opening Day outfield, but he’ll at least be part of the shuttle heading back and forth between Triple-A since the outfielder has two minor league option years remaining.

The right-handed hitting Margot figures to move into a part-time role in the Dodgers’ outfield picture, acting as a complement to the left-handed James Outman and Jason Heyward.  Margot has played primarily as a center fielder and right fielder, thus lining up well with Outman and Heyward’s projected positions.  Mookie Betts will be taking over as the Dodgers’ new everyday second baseman in 2024, so it’s safe to guess that L.A. will aim to add more outfield depth if Betts will be spending most of his time on the dirt.

MLB Trade Rumors’ Steve Adams broke down the Glasnow extension in larger detail yesterday, while Darragh McDonald outlined the news of the four-player trade agreement for MLBTR on Thursday.  Jack Azoulay-Haron of MLB Nerds and Bruce Kuntz of Dodgers Digest first reported the four principal players in the trade.  Jon Heyman of The New York Post first relayed that a Glasnow extension was a possibility. Jeff Passan of ESPN relayed that the deal was agreed to, contingent on the extension.  Marc Topkin of the Tampa Bay Times first relayed the Rays’ inclusion of the $4MM in salary offset.

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Los Angeles Dodgers Newsstand Tampa Bay Rays Transactions Jonny DeLuca Manuel Margot Ryan Pepiot Tyler Glasnow

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