The Opener: Cy Young Awards, DFAs, MLBTR Chat
On the heels of yesterday’s deadline to protect players from the Rule 5 Draft, here are three things for MLBTR readers to keep an eye on today:
1. Cy Young Award winners announced:
At 5PM CT, the winners of the Cy Young Award in each league are scheduled to be announced. In the American League, Tarik Skubal is considered the overwhelming favorite after the Tigers lefty led the majors with 228 strikeouts while posting a sterling 2.39 ERA in 192 innings of work. The other finalists in the AL are Guardians closer Emmanuel Clase, who delivered a historic season out of the bullpen where he pitched to a microscopic 0.61 ERA while racking up 47 saves in 74 1/3 innings of work, and Royals right-hander Seth Lugo, who led the majors with 33 starts and posted a 3.00 ERA in 206 1/3 innings of work.
Meanwhile, the National League favorite is Braves southpaw Chris Sale. The veteran entered the year with seven career trips to the All-Star game under his belt but had fallen off the radar over the past half decade due to injuries. His first season in Atlanta may be the very best of his illustrious career, however, as he won the NL Triple Crown with an MLB-leading 2.38 ERA (2.09 FIP) in 177 2/3 innings of work while going 18-3 and striking out 225 batters (32.1 K%). Alongside Sale are Phillies right-hander Zack Wheeler, who posted a 2.57 ERA in 200 innings of work with a 3.13 FIP, and Pirates youngster Paul Skenes, who already captured the NL Rookie of the Year Award following a dominant season where he pitched to a 1.96 ERA with a 33.1% strikeout rate but was limited to just 133 innings of work.
2. Will recent DFAs receive trade interest?
A number of interesting players were squeezed off their clubs’ 40-man roster by yesterday’s deadline, and teams will have five days to survey the league for trade interest before they’re forced to place those players on waivers and risk losing them for nothing. Among the notable players of interest to clubs could be former top outfield prospects Brennen Davis of the Cubs and George Valera of the Guardians, both of whom have looked impressive at Triple-A in the past but have dealt with a number of injuries that have thrown them off course. Jordyn Adams, who was the Angels’ first-round pick in 2018, is also available as a youngster who has a bit less prospect pedigree but has already gotten a taste of big league action.
Meanwhile, interesting relief options such as Adbert Alzolay, Richard Lovelady, and Bryan Mata all lost their spots, though each comes with his own warts. Lovelady found some success with the Rays this year but has generally struggled to produce at the big league level throughout his career. Mata has yet to make his big league debut due to a long stretch of injury woes. Alzolay underwent Tommy John surgery late in the season and figures to miss most of the 2025 campaign, but he was excellent for the Cubs in 2023 (2.67 ERA, 22 saves, 26.5 K%, 5.1 BB% in 64 innings).
3. MLBTR Chat today:
A busy day full of deadlines and transactions shook loose a pair of trades yesterday, and the even more significant non-tender deadline is due up later this week. Yesterday’s whirlwind delayed our usual weekday chat somewhat, but anyone with questions regarding Friday’s deadline or their favorite club’s plans for the offseason is in luck nonetheless as MLBTR’s Steve Adams will be hosting a live chat with readers today at 1pm CT. You can click here to ask a question in advance, join the chat when it begins, or read the transcript afterwards.
Padres Select Three Players To 40-Man Roster
The Padres announced this evening that they’ve selected left-hander Omar Cruz as well as right-handers Henry Baez and Ryan Bergert to their 40-man roster ahead of today’s Rule 5 Draft protection deadline. No corresponding moves were necessary, and San Diego’s 40-man currently stands at 37 players.
Cruz, 25, signed with the Padres out of Mexico prior to the 2018 season and was actually traded to the Pirates as part of the Joe Musgrove trade in January of 2021. He returned to the Padres organization last winter, however, when the club selected him in the minor league phase of the Rule 5 Draft. Now, he’s been added to the club’s roster to protect him from this year’s draft on the heels of a solid season split between the Double- and Triple-A levels. Cruz was used primarily out of the bullpen in 2024 and looked good at Double-A with a 3.59 ERA and an eye-popping 35.4% strikeout rate in 47 2/3 innings. That earned him a promotion to Triple-A partway through the season, and while his ERA crept up to 4.42 in the inflated offensive environment of the Pacific Coast League he still struck out a solid 28.7% of opponents, though that was hampered by a 13.8% walk rate.
Baez, 22, signed with San Diego out of the Dominican Republic and made his pro debut in 2021. Baez has primarily pitched out of the rotation during his career and returned to High-A to open the 2024 season after struggling badly in four late-season starts at the level last year. Things turned around in a big way this year, however, as he pitched to an excellent 2.95 ERA in 17 starts with the club’s Fort Wayne affiliate while striking out 24.8% of opponents. That success continued even following a promotion to Double-A midseason, as the right-hander posted a 3.06 ERA in nine starts down the stretch in his first taste of the upper minors. With that being said, that stretch of starts did come with a concerning drop in strikeout rate as he punched out just 15.1% of opponents in 50 innings against a 7.4% walk rate.
Bergert, 24, is perhaps the club’s most surprising addition as his most impressive season actually came in 2023 rather than this year. Last season, the right-hander pitched to an excellent 2.73 ERA in 105 2/3 innings of work split between the High-A and Double-A levels, including a 2.86 ERA and a 28.8% strikeout rate with the club’s San Antonio affiliate. That impressive debut did not translate over to 2024, however, as Bergert surrendered a 4.78 ERA in 98 innings across 23 starts in a repeat of the level this year as his strikeout rate dipped to just 20.9%. He struggled in the Arizona Fall League this year as well, surrendering 16 runs (12 earned) in 14 2/3 innings of work across five starts.
Rangers Select Three Players To 40-Man Roster
The Rangers have selected the contract of right-hander Emiliano Teodo ahead of today’s Rule 5 Draft protection deadline, as first reported by Ari Alexander of KPRC2. The Rangers also announced that they’ve selected the contracts of infielder Max Acosta and right-hander Winston Santos. Texas’s 40-man roster now stands at 39 following the club’s decision to return 2024 Rule 5 Draft pick Carson Coleman to the Yankees.
Teodo, 23, has spent the past fours years in the Rangers system after making his pro debut back in 2021. The righty began his career pitching exclusively in relief but moved into a rotation in 2022. Despite rather pedestrian numbers in the lower minors including a 4.52 ERA in 61 2/3 innings at High-A last year, Teodo impressed in the Arizona Fall League that autumn with eight scoreless relief appearances where he struck out an eye-popping 48.7% of opponents faced. That exciting performance earned the right-hander a job in the Rangers’ Double-A rotation this season, where he has continued to excel. In 86 1/3 innings of work in 2024 spread across 20 appearances (19 starts), Teodo dominated during his first taste of upper minors action to the tune of a 1.98 ERA and a 30.7% strikeout rate with the club’s Frisco affiliate and even started the 2024 Futures Games for the AL.
Despite those fantastic numbers, he’s nonetheless struggled with his control throughout his time in the minors, and that only worsened this year as his walk rate reached an unsustainable 14%. While that’s not a figure that would play in the majors even when paired with a strikeout rate north of 30%, it’s not hard to imagine Teodo’s impressive stuff translating to success at the highest level as soon as 2025 if he were to move back to relief. Given that potential for near-term success in the big leagues, it’s hardly a surprise that the Rangers opted to protect Teodo from the upcoming Rule 5 draft. Now that he’s on the 40-man roster, it’s possible he could find himself in the mix for a big league bullpen job at some point in 2025, though it’s also easy to imagine the Rangers deciding to try and iron out the righty’s control problems in hopes he may have a future in the rotation.
Acosta, meanwhile, is a 22-year-old who signed with the Rangers out of Venezuela and made his pro debut in 2021 as well. Primarily a shortstop, Acosta has also played plenty of second base throughout his time in the minors while posting solid but unspectacular offensive numbers. The infielder took a step forward with the bat at Double-A this year, however, slashing a respectable .288/.353/.425 in 104 games. Of particular note is Acosta’s dramatic reduction in strikeout rate, which dropped from 21.1% in 2023 to 13.4% this year. Acosta combines that improved contact ability with strong baserunning skills, as he’s swiped 96 bases over the past three years. That combination of speed and contact ability at a premium position may have been enough to earn Acosta consideration for the club’s 40-man roster already, but he sealed his case by catching fire during the Arizona Fall League this year with a .338/.413/.521 slash line in 80 trips to the plate.
Santos, 22, signed with the Rangers out of the Dominican Republic and made his pro debut in 2021 alongside Acosta and Teodo. The righty turned in a brutal season at Triple-A last year, surrendering a 6.29 ERA in 98 2/3 innings of work. He managed to turn things around in his second taste of action at the level, however, as he posted a 2.80 ERA and a 30.5% strikeout rate in 12 starts (64 1/3 innings). That performance earned him the bump up to Double-A, where his struggles from the previous year resurfaced in his first taste of the new level. In ten starts, Santos posted a 4.89 ERA while maintaining an impressive 29.5% strikeout rate against a 7.2% walk rate. Santos’s struggles at Double-A came primarily from issues with the long ball, as he surrendered eight homers in just 46 frames. Despite those struggles, Santos’s high strikeout rates seemingly convinced the Rangers to play it safe and roster him rather than run the risk of losing him in next month’s Rule 5 draft.
Royals Select Three Players To 40-Man Roster
The Royals have selected left-hander Noah Cameron, right-hander Luinder Avila, and right-hander Eric Cerantola to their 40-man roster ahead of this evening’s Rule 5 Draft protection deadline, per a team announcement. No corresponding moves were necessary, and the club’s 40-man roster now stands at 37 players.
Cameron, 25, was a seventh-round pick by the Royals in 2021. A starter at every level of the minors so far, the southpaw struggled badly in his first taste of Double-A action last year but made significant strides this year. After seeing Cameron pitch to a solid 3.63 ERA in 16 starts at that level, the Royals promoted him to Triple-A where he really took off over nine starts down the stretch. In 54 1/3 Triple-A innings, Cameron posted a 2.32 ERA while striking out 29% of opponents and walking just 5.1%. That late-season breakout at the highest level of the minors surely made it an easy decision to roster the lefty ahead of today’s protection deadline.
Avila, 23, signed with the Royals out of Venezuela and made his pro debut back in 2018. The righty moved to stateside ball in 2021 as a starting pitcher and has generally stayed in that role throughout his time in the minors. This year, Avila made 19 starts for the club’s Double-A affiliate in Northwest Arkansas, pitching to a solid 3.81 ERA in 82 2/3 innings of work with a 22.9% strikeout rate. That earned Avila a promotion to Triple-A, though he was shelled for five runs in 4 1/3 innings of work in his lone start at the level this year. Even so, the Royals evidently decided he was close enough to the majors to warrant protection from the Rule 5 Draft next month.
Cerantola, 24, was selected by Kansas City in the fifth-round of the 2021 draft. The right-hander has mostly acted as a multi-inning reliever throughout his time in the minors and posted big strikeout numbers in Double-A this year, punching out 31.7% of opponents faced. Unfortunately, that was accompanied by an untenable 16.2% walk rate. The right-hander’s 2.78 ERA in 58 1/3 innings at the level earned him a midseason promotion to Triple-A, but those underlying issues remained following the promotion. In 14 1/3 frames at the minors’ highest level, Cerantola walked 12.5% of opponents but made up for it with a 31.3% strikeout rate while posting a 3.77 ERA for the Royals’ Omaha affiliate. As an upper-minors relief prospect with impressive stuff, it’s hardly a surprise the Royals decided to protect him from the Rule 5 Draft rather than risk a team attempting to stash him in their bullpen next year.
Luis Severino To Decline Qualifying Offer
November 19: Severino is indeed declining the QO, tweets Tim Healey of Newsday.
November 16: Right-hander Luis Severino is “likely” to decline the Qualifying Offer extended to him by the Mets earlier this month, according to a report from Will Sammon of The Athletic. Sammon adds that Severino “loves” playing in New York but is now expected to attempt to land a multi-year deal in free agency this winter.
Severino, 30, is entering free agency for the second time this year. The right-hander entered the open market last winter coming of a disastrous 2023 season with the Yankees where he surrendered a 6.65 ERA in 89 1/3 innings of work and landed with the Mets on a one-year, $13MM deal. That deal went quite well, as he pitched to a league average 3.91 ERA (101 ERA+) with a 4.21 ERA in 182 innings of work. He struck out 21.2% of opponents while walking batters at just a 7.9% clip. Those are all solid but unspectacular numbers, but that mid-to-back of the rotation production can still earn a strong guarantee in free agency, as the likes of Jameson Taillon and Taijuan Walker have in recent years (albeit without the QO attached).
Given that, it’s perhaps not much of a surprise that Severino would look to beat the one-year, $21.05MM Qualifying Offer. MLBTR predicted a three-year, $51MM contract for Severino earlier this winter, after the Mets attached a QO to him. That guarantee is in line with what veteran right-hander Michael Wacha received from the Royals just before free agency opened, and Wacha was viewed as a similarly borderline candidate for a QO as Severino was. Of course, Severino wouldn’t necessarily have to reach that projection for declining the QO to be a worthwhile decision for him. Right-hander Nathan Eovaldi landed a two-year, $34MM guarantee with the Rangers prior to the 2023 season that afforded him a vesting player option for 2025, and even a similar deal would net Severino a larger overall guarantee than the QO while still affording him the flexibility to return to free agency in short order.
With Severino poised to decline the QO, the Mets will now need to either re-sign him in free agency or replace him in their rotation. The club’s rotation also stands to lose southpaws Sean Manaea (who received a QO as well but has long been expected to decline it) and Jose Quintana, leaving them with only Kodai Senga and David Peterson penciled into their 2025 rotation. It’s certainly possible that the club could look to reunite with either Severino or one of the other exiting free agent starters, although the Mets have plenty of financial flexibility and are coming off a surprise trip to the NLCS. That could lead them to aim higher in free agency this winter, with top free agent starters such as Corbin Burnes, Blake Snell, and Max Fried all expected to be available. It’s even possible that they turn to the trade market in their search for rotation upgrades, as they’ve been linked to White Sox southpaw Garrett Crochet already this winter.
Should Severino ultimately land elsewhere in free agency, him declining the QO means that the Mets would receive a compensatory draft pick after the fourth round of the 2025 draft as a club that paid the luxury tax in 2024. Meanwhile, interested teams would have to surrender a combination of draft picks and international bonus pool dollars commensurate with their status relative to the luxury tax and revenue sharing as laid out by MLBTR’s Mark Polishuk last month. Teams that received revenue sharing in 2024 would surrender just their third-round pick in the 2025 draft to sign Severino, while teams that paid the Competitive Balance Tax this year would surrender their second- and fifth-round picks in addition to $1MM in international bonus pool space.
Dodgers To Meet With Juan Soto, Scott Boras On Tuesday
The Dodgers are poised to become the latest club to meet with superstar free agent Juan Soto, per a report from MLB.com’s Mark Feinsand earlier this evening. The meeting between the sides is scheduled for tomorrow. The Dodgers will join the Yankees, Mets, Red Sox, and Blue Jays in having met with Soto already, although Feinsand also reports that an undisclosed team in addition to that group has already met with Soto as well. The Giants, Phillies, and Rays are among the teams known to have interest in Soto that have not yet had a publicly reported meeting with the star outfielder.
That Soto and the Dodgers have a meeting set up is an interesting development given the somewhat mixed reports regarding the club’s plans regarding the superstar. Previous reports have indicated while L.A. intends to be somewhat involved in Soto’s free agency, those reports have also cautioned the club may not be as aggressive as other suitors. That relatively cautious approach to Soto on the Dodgers’ part could be at least partially due to questions regarding whether or not Soto, who hails from the Dominican Republic and Fort Lauderdale in Florida, prefers to play on the east coast. Notably, Jon Heyman of the New York Post reports this evening that sources close to Soto have “downplayed” that rumored geographic presence, suggesting that Soto previously enjoyed living on the west coast while he played for the Padres.
It’s impossible to know where Soto’s geographic preferences lie, but Soto has emphasized in comments to reporters that winning is a priority for him, to the point of reportedly asking the Red Sox during his meeting with club officials about the organization’s commitment to winning. If winning is a priority for Soto, it’s hard to argue against the Dodgers. The reigning World Series champions have made the postseason in twelve consecutive seasons, and since 2017 have averaged more than 102 wins per year (excluding the 60-game 2020 season where they went 43-17 and won the World Series) while collecting two additional NL pennants in addition to their World Series championships. Last winter, the club added likely Shohei Ohtani, Yoshinobu Yamamoto, and Tyler Glasnow to an impressive core of talent that already included Mookie Betts and Freddie Freeman. Los Angeles figures to remain a juggernaut in the NL for years to come, and the addition of Soto to their already vaunted lineup would only reinforce that.
Given his elite talent, any club would be able to find a place for Soto in their lineup. With that being said, it’s particularly easy to see how Soto would fit into the Dodgers’ plans. With Mookie Betts expected to move back into the infield for the 2025 season, the club could look to make multiple additions to an outfield mix that presently includes only utility man Tommy Edman and youngster Andy Pages as potential everyday options. Even if the club wanted to reunite with free agent slugger Teoscar Hernandez as has been previously rumored, it’s easy to imagine the pair manning the corner outfield spots for the Dodgers with Edman as the primary center fielder while Pages backs up the starting trio and fills in for Edman on days he moves to the infield.
Financially, as mind-boggling as it may be to imagine the Dodgers inking Soto to a contract worth more than half a billion dollars just one year after committing more than a billion to Ohtani and Yamamoto amid last winter’s spending spree, the deferred structure of Ohtani’s contract could make such an expenditure more reasonable. The club’s payroll for 2025 is currently projected at $276MM, according to RosterResource. That clocks in $50MM below the club’s 2024 payroll, opening a clear pathway to adding Soto even at a record-setting average annual value. That wouldn’t leave much room for much-needed rotation upgrades or further offensive additions such as a reunion with Hernandez, but ESPN’s Alden Gonzalez notes that the value of Ohtani’s first season in L.A. “blew away” the club’s financial projections. Given that reality, it’s certainly not impossible to imagine the club having even more payroll space at their disposal than returning to the level that left them with the second-highest payroll in baseball last year.
Regardless of what club Soto ultimately ends up with, Feinsand goes on to report a belief around the league that a decision could be made in the near future. Specifically, Feinsand suggests that while Soto isn’t expected to sign prior to Thanksgiving, the “feeling around the league” is that the 26-year-old could land somewhere prior to the Winter Meetings with one executive suggesting to him that it would be a surprise if he hasn’t signed before the end of the Meetings on December 12. With the Winter Meetings just a month away and no team reported to have so much as made a formal offer to Soto yet, it’s possible that the winter’s top free agent could see his market begin to move quickly after the coming holiday.
Thomas Hatch Signs With KBO’s Doosan Bears
The Korea Baseball Organization’s Doosan Bears have signed right-hander Thomas Hatch, per a team announcement (h/t to Dan Kurtz of MyKBO). The 30-year-old will earn $1MM in 2025, paid out as a $200K signing bonus and an $800K salary.
A third-round pick by the Cubs in the 2016 draft, Hatch was shipped to Toronto in the 2019 trade that brought right-hander David Phelps to Chicago. Hatch subsequently made his big league debut with the Blue Jays just a year later during the shortened 2020 season and impressed in his first taste of big league action with a 2.73 ERA in 26 1/3 innings of work. Solid as that top-level run prevention figure was, however, there were some potential red flags under the hood including an 11.9% walk rate and a rather pedestrian 4.14 FIP.
Given those concerning peripherals, it wasn’t necessarily a shock when the wheels came off for Hatch a bit during the 2021 season. The right-hander pitched just 14 innings in the majors with a 10.93 ERA over the next two years as he walked eight batters and struck out 12. In spite of those struggles, he continued to post decent numbers with Triple-A Buffalo and earned a more extensive opportunity in the majors during the 2023 season. It went reasonably well for the right-hander, as he posted a solid 4.08 ERA across 28 2/3 innings of work with the Blue Jays and Pirates. Looking under the hood, Hatch’s performance came with a strong 52.3% groundball rate and a respectable 20.2% strikeout rate while his walk rate dipped to a still elevated but more manageable 9.3%.
Those promising peripherals and improved results got the attention of the Hiroshima Carp of Japan’s Nippon Professional Baseball, who signed him to a one-year deal last offseason. That first foray into overseas baseball didn’t go especially well for Hatch, as he was relegated to the Carp’s Western League affiliate for most of the season after struggling with the Central League club. While he dominated in 72 1/3 Western League innings to the tune of a 2.36 ERA, Hatch was torched in the Central League with a 7.36 ERA in 22 innings across five appearances. Those struggles were evidently enough for Hiroshima to part ways with Hatch this winter, leading him to head to South Korea to sign with the Bears. In the KBO, Hatch will lock down a larger salary than he would’ve been able to find in stateside ball and hope to re-establish himself as a pitcher, potentially opening the door to a more lucrative return to either NPB or MLB play in the future.
Pirates Sign Yerry Rodriguez To Minor League Deal
The Pirates have signed right-hander Yerry Rodriguez to a minor league deal, according to a report from Ari Alexander of KPRC2. Alexander adds that Rodriguez’s deal comes with an invite to big league Spring Training.
Rodriguez, 27, has found playing time in the majors in each of the last three seasons. After spending the earlier years of his minor league career as a starting pitcher, a brutal stint at the Triple-A level in 2021 caused him to move to relief, and he posted a solid 4.27 ERA at the level in 2022. Despite that decent figure, he walked an elevated 11.9% of batters faced, though he fanned a solid 27.2% of opponents to make up somewhat for his wildness. Rodriguez’s decent results at the highest level of the minors prompted a call-up to the major leagues, though his first cup of coffee in the majors lasted just one scoreless inning.
The right-hander then began to shuttle between the majors and minors more regularly in 2023, though unfortunately his results took a turn for the worse at both levels. At Triple-A, Rodriguez’s ERA ballooned up to 5.03 though his strikeout (29%) and walk (12%) rates held more less steady relative to the previous year. His results in the majors were nothing short of disastrous, however, as the righty was shelled to the tune of a 7.90 ERA as he surrendered 20 hits and six walks in just 13 2/3 innings of work. Even his strikeout rate dipped to just 22.7%, which while solid enough is not nearly high enough to justify Rodriguez’s wildness.
Those difficulties in 2023 left Rodriguez to enter 2024 in a precarious position. Unfortunately, he didn’t manage to make much of a case for himself with the Rangers this year as he once again struggled in both the major and minor leagues. With the big league club, Rodriguez posted a 6.88 ERA in 17 innings of work this year while walking (11) nearly as many batters as he struck out (12). Meanwhile, his numbers for Triple-A Round Rock were even nearly as bad as he surrendered a 6.08 ERA in 13 1/3 innings. While he struck out an impressive 33.3% of opponents faced, that wasn’t enough to counterbalance a massive 15.2% walk rate.
Rodriguez’s struggled ultimately led the Rangers to ship him to the Blue Jays in late June of this year. With the Jays, Rodriguez found some success at Triple-A in a small sample size as he posted a 1.35 ERA in 6 2/3 frames, but his control problems remained as he walked a whopping nine batters while striking out ten. Those solid results did not translate over to the majors, however, as the right-hander was torched to the tune of a 15.43 ERA in four appearances in the majors for Toronto this year as he surrendered nine hits (including two homers) in just 4 2/3 innings. That led the club to designate him for assignment back in September, leaving him to be outrighted to the minors and eventually elect free agency.
Now that he’s signed on with Pittsburgh, he’ll figure to enter Spring Training with a chance to earn a spot in the Pirates bullpen to open the season. While he’s struggled in terms of results at both the major and minor league levels in recent years, the right-hander does have youth on his side having just celebrated his 27th birthday. What’s more, the righty still possesses high-end stuff including a 96.8mph average on his fastball. If the Pirates can help him work out his serious problems with command, it’s not hard to imagine him being a viable reliever for the club in 2025.
Yankees Sign Pablo Reyes To Minor League Deal
The Yankees have signed veteran utility man Pablo Reyes to a minor league deal, per a report from Gary Phillips of the New York Daily News. The infielder will presumably receive an invite to big league Spring Training in a few months.
Reyes, 31, made his big league debut with the Pirates back in 2018. That 18-game cup of coffee in the majors went quite well for him, as he slashed an impressive .293/.349/.483 in 63 trips to the plate down the stretch that September. That strong performance earned him a larger role with the club as part of the club’s Opening Day roster, but he struggled badly and found himself optioned to the minors for much of the summer as he ultimately slashed just .203/.274/.322 in 71 games. A PED suspension wiped out Reyes’s 2020 season, but he resurfaced as a member of the Brewers in 2021. He spent two years as a depth piece for Milwaukee, shuttling between Triple-A and the club’s bench, and hit a middling .258/.330/.344 (84 wRC+) in 103 trips to the plate with the club.
He elected free agency following the 2022 season and initially signed on with the Athletics on a minor league pact for the 2023 season. He ultimately did not make it to Oakland, however, failing to crack the club’s Opening Day roster before being shipped to the Red Sox in mid-May. He was quickly selected to the big league roster in Boston, and his time with the Red Sox proved to be the most productive of his big league career. Reyes appeared in 64 games for the Red Sox last year, slashing a roughly league average .287/.339/.377 in 185 trips to the plate.
That was a sufficiently strong performance that Boston decided to bring Reyes back for the 2024 campaign, but things took a turn for the worse this year as he posted a paltry 27 wRC+ in the first month of the year before being designated for assignment by the Red Sox in late April. Reyes was outrighted to the minors initially but quickly found himself on the move again as he was dealt to the Mets the following month. Reyes only made one appearance in Queens as a pinch runner without stepping up to the plate, but he did slash a strong .300/.385/.504 in 68 Triple-A games between his two clubs’ affiliates in Worcester and Syracuse.
Now, Reyes will enter 2025 looking to crack a Yankees bench mix that current figures to feature Oswaldo Cabrera, Oswald Peraza, DJ LeMahieu, Jon Berti, and Jorbit Vivas. While Reyes offers little in the way of offense, he does provide value in the form of quality baserunning and the positional flexibility to play everywhere on the diamond except behind the plate. Should Reyes find himself on the outside looking in of the club’s Opening Day roster next year, he could be a valuable source of non-roster depth for a club that currently projects to feature a bench without many optionable players.
Nick Martinez Accepts Qualifying Offer From Reds
Nov. 18: Martinez has now formally accepted the QO, reports Gordon Wittenmyer of the Cincinnati Enquirer. He adds an update to a prior report, adding that talks on a multi-year deal are not expected to continue.
Nov. 17: Veteran right-hander Nick Martinez is planning to accept the qualifying offer from the Reds, according to a report from Francys Romero. Martinez will remain with Cincinnati for the 2025 season on a one-year, $21.05MM deal.
Martinez, 34, was a somewhat surprising recipient of the QO after a strong inaugural season with the Reds. The right-hander joined the club on a two-year, $26MM guarantee last winter after both he and the Padres opted out of their simultaneous options for the 2024 campaign, making him a free agent. The deal with Cincinnati proved to be something of a coup for the Reds, as Martinez turned in an excellent 3.10 ERA and 3.21 FIP over 142 1/3 innings of work in a season that saw him split his time between the starting rotation and the bullpen.
While the righty posted utterly dominant numbers in relief, sporting a 1.86 ERA in 53 1/3 frames out of the bullpen, his 3.84 ERA across 16 starts saw him flash the ability to be a quality rotation piece. A closer look at Martinez’s work this season reveals that he struggled badly out of the rotation early in the year, with a 5.46 ERA through the end of April. He ended the year on a dominant note after returning to the rotation in early August, however, with a 2.42 ERA in 63 1/3 innings across 11 starts down the stretch. That excellent late-season performance could inspire more confidence in Martinez’s abilities as a rotation piece looking ahead to 2025, although it’s worth noting that his strikeout rate (22.5% vs 19.1%) and groundball rate (42.8% vs 33.7%) were both better out of the bullpen than the rotation this year.
Of course, part of Martinez’s value since returning to MLB following a four-year sojourn to Japan (where he posted a 3.02 ERA in 378 1/3 NPB innings) is his ability to shift from the rotation to the bullpen based on the needs of his team. The right-hander has worked as a swingman in each of the last three seasons, logging 184 innings across 35 starts in the rotation and and 175 innings over 117 relief outings. On the heels of a season that saw Hunter Greene, Nick Lodolo, and Andrew Abbott all miss time due to injury, it’s easy to imagine the Reds placing additional value on Martinez’s flexibility as they attempt to map out a plan for their young rotation arms. That’s especially valuable given the presence of top prospect Rhett Lowder, who looked dominant in a late-season call-up but may not be ready to jump straight into a wire-to-wire big league season in 2025.
That combination of production and versatility convinced the Reds to extend Martinez the QO, even though $21.05MM constitutes a raise of more than $7MM over his 2024 salary. The sides reportedly discussed a multi-year extension in the days leading up to the QO deadline earlier this month, but did not ultimately come together on a deal. Given Martinez’s age, it’s likely that his earning power on the open market would be tamped down in any multi-year pact. That reality surely made accepting the QO an attractive option for Martinez, and that’s exactly what MLBTR predicted he would do in our annual Top 50 MLB Free Agents list.
While adding Martinez to the club’s pitching staff for 2025 is sure to improve the team, that hefty raise might cause some complications for the club’s budget. RosterResource estimates the club’s current payroll for 2025 to be just under $81MM. While the Reds are committed to a payroll “at or above” their 2024 level, the club spent just $100MM on payroll last year and the addition of Martinez’s $21.05MM salary would push the Reds to $102MM, just over that mark. Potential non-tender candidates like Santiago Espinal and Jake Fraley could help the club save a few million dollars here and there, but it seems as though Cincinnati will need to exceed their 2024 payroll by a notable amount in order to make further additions this winter.
As for the free agent market overall, this winter’s market remains deep in interesting mid-to-back of the rotation options even with Martinez off the board. Yusei Kikuchi, Nathan Eovaldi, and Nick Pivetta are among the mid-rotation arms expected to pursue multi-year deals in free agency this winter, while bounce-back candidates like Walker Buehler and Max Scherzer could provide significant upside as they look to re-establish themselves on one-year, high-AAV deals similar to Martinez’s.