Red Sox Sign Hanley Ramirez
8:05pm: Ramirez’s option will vest if he reaches 1050 plate appearances from 2017-18 and does not finish the 2018 season on the disabled list, reports Brian MacPherson of the Providence Journal (Twitter link).
Jon Heyman of CBS Sports adds (Twitter links) that Ramirez receives a limited no-trade clause in the deal. He will receive $50K bonuses for each All-Star nod, Silver Slugger award and Gold Glove he earns. He can also receive up to $150K each year based on MVP voting and additional bonuses for postseason awards.
5:29pm: On Nov. 24, 2005, the Red Sox traded Hanley Ramirez to the Marlins in a blockbuster deal, but nine years and a day later, the team has officially announced that Ramirez will return to Boston on a four-year deal.
Ramirez, a client of the Wasserman Media Group’s Adam Katz, will reportedly earn $88MM over those four years, and his contract contains a $22MM vesting option for a fifth year. The contract calls for a $3MM signing bonus, a $19MM salary in 2015 and a $22MM salary from 2016-18.
Ramirez, who hit .283/.369/.448 with 13 homers for the Dodgers last season and owns a .300/.373/.500 slash line for his career, was cited by MLBTR’s Tim Dierkes as the top position player available in free agency, though it was “unclear” as to how Ramirez’s market would develop. While Ramirez’s impact bat was clearly a huge asset in an offense-thin free agent market, he has a notable injury history and is a below-average defensive shortstop, posting negative Defensive Runs Saved and UZR/150 totals in seven of his nine full-time seasons. In order to help his free agent case, Ramirez said he was open to switching positions, though his signing with the Sox opens up a number of possibilities on that front.
The Red Sox announced Ramirez as a left fielder, which should put to rest any questions about his role with the team. Fellow free agent signee Pablo Sandoval will be penciled in as the everyday third baseman, and the promising Xander Bogaerts will look to improve in his second full season in the league. Ramirez will join Boston’s very crowded outfield mix of Yoenis Cespedes, Rusney Castillo, Shane Victorino, Allen Craig, Brock Holt, Jackie Bradley, Mookie Betts and Daniel Nava. Cespedes’ name has been mentioned in trade rumors, so he seems like the most probable candidate to be playing elsewhere in 2015, but the Sox seem very likely to move multiple outfielders this winter.
It’s clear that the Red Sox are looking to amass as many top bats as possible in the increasingly pitching-dominated league. The Sox have been hesitant about signing free agents to long contracts given how several of their recent major signings (i.e. Carl Crawford, J.D. Drew, John Lackey, Adrian Gonzalez) provided limited returns. On paper, Ramirez doesn’t fit the model of the safe signing that Boston would prefer given his age (he’ll be 31 on Opening Day), injury history and defensive issues, though given how little payroll space the Sox have tied up in future commitments, the club had plenty of flexibility.
Earlier this month, MLBTR’s Zach Links projected Ramirez would get a six-year, $132MM deal, so the reported total of his pact with Boston lags behind in both years and dollars. The qualifying offer and the questions about Ramirez’s defense could have played a role, or it could be that Ramirez was simply willing to take less money to play for the organization that originally signed him as an amateur free agent in 2000. Ramirez developed into one of the game’s top prospects while in the Sox farm system and he played his first two Major League games with the team in 2005. He was dealt that November to the Marlins as part of the trade package that brought Josh Beckett and Mike Lowell to Boston.
The Dodgers will earn a compensation pick between the first and second rounds of the 2015 draft as a result of the signing, as Ramirez turned down the team’s qualifying offer. Boston’s 2015 first-round pick is protected, so the Sox have surrendered both their second- and third-round picks in order to bring Sandoval and Ramirez aboard.
Christopher Meola first reported that Ramirez would sign with Boston (Twitter link), and Ken Rosenthal of FOX Sports tweeted the terms of the deal. The year-to-year breakdown was first reported by WEEI.com’s Alex Speier (Twitter link).
Photo courtesy of USA Today Sports Images.
Red Sox Owner Willing To Exceed Luxury Tax Threshold In 2015
At today’s press conference to announce the signing of Hanley Ramirez, Red Sox owner John Henry told reporters, including WEEI.com’s Alex Speier, that his team is willing to exceed the $189MM luxury tax threshold in 2015. “The way it’s structured we can blow through one year,” Henry said. “Again for next year we have tremendous flexibility so we could go could through for one year and not overly effect us.”
Henry added that his previous comments about aversion to long-term contracts were overblown and stated, “You can’t win unless you engage in free agency.” The Red Sox’ early actions this offseason have exemplified that line of thinking, as the team today announced the signing of Ramirez to a four-year, $88MM contract (with a vesting option for a fifth season) and Pablo Sandoval to a five-year $95MM contract. Additionally, they inked Koji Uehara to a two-year, $18MM pact before he even hit the open market.
Boston’s spending doesn’t seem the least bit likely to stop there, as both Henry expressed that he is hopeful of securing a reunion with Jon Lester, who is a well-known target of GM Ben Cherington. Boston is believed to be looking at to add at least two starting pitchers this season and has also been linked to trade target Cole Hamels and free agent James Shields, among others.
The flexibility to which Henry refers is significant; Mike Napoli ($16MM AAV), Shane Victorino ($13MM AAV), Edward Mujica ($4.75MM AAV) and Yoenis Cespedes ($9MM AAV) are all coming off the books following the upcoming season. As Speier examined in depth yesterday, the Red Sox figure to already be within $7-8MM of the $189MM threshold, and that’s without adding a pair of starters as well as perhaps a backup catcher and another bullpen arm. However, the team will also undoubtedly be offloading some significant salary in trades of its outfield surplus. Cespedes has been heavily rumored as a likely trade candidate, and any of Victorino, Allen Craig, Daniel Nava could theoretically be moved as well.
Red Sox Designate Juan Francisco For Assignment
The Red Sox announced that they have designated corner infielder Juan Francisco for assignment. The move clears roster space for Hanley Ramirez, whose deal has now been officially announced by the team.
Francisco’s tenure with the BoSox was brief, to put it lightly. Boston claimed the lefty slugger off waivers from the Blue Jays not one week ago, but the addition of Ramirez and Pablo Sandoval to the roster left little room for Francisco on the roster.
The 27-year-old Francisco possesses serious pop from the left side of the dish, as evidenced by his lifetime .203 isolated power mark (slugging minus average) and the even more impressive .236 figure that he posted with Toronto in 2014. However, for all of thunder Francisco can bring to a lineup, he’s fanned in more than 34 percent of his career plate appearances, he’s regarded as a below-average defender at third and he’s struggled against lefties throughout his career. Francisco’s .248/.310/.476 batting line against righties is impressive, but those totals drop to just .159/.213/.210 against southpaws.
Francisco was projected to earn $2.2MM in arbitration by MLBTR contributor Matt Swartz. A team with a need at third base or for a left-handed bench bat could show interest in him, but they’d be on the hook for roughly that projected amount in 2015 should they acquire Francisco via waivers or in a trade with the Red Sox.
Jon Lester Rumors: Tuesday
Yesterday, we took a look at some news and rumors on free agent Jon Lester and the connection of his market to the trade market for Cole Hamels. As things continue to develop for Lester, here’s the latest …
- Bruce Levine of 670thescore.com hears that the Cubs are very much in on Lester still. The Cubs have been on top of the situation from the beginning, Levine writes, and while his source wouldn’t wager a guess as to where Lester will sign, the source did indicate that an annual salary of $25MM or more.
Earlier Updates
- The Cubs have made Lester an offer of over $135MM and are willing to go to six years on a deal, according to a report from David Kaplan of CSNChicago.com (audio and written version).
- Kaplan also reports that the Giants‘ interest in Lester is real and significant. The lefty is scheduled for a visit to San Francisco next week, per ESPN.com’s Jim Bowden (Twitter links).
- Red Sox manager John Farrell told reporters, including Scott Lauber of the Boston Herald, that he is “confident that we’re making every attempt internally here and the hope would be to get [Lester] back here.” But things could still take some time to shake out, with Farrell adding that he expects to “get a better read on that in the coming weeks.”
Red Sox Sign Pablo Sandoval
3:30pm: Sandoval will receive limited no-trade protection as well as a variety of annual award incentives, according to Jon Heyman of CBSSports.com (Twitter links).
11:29am: Third baseman Pablo Sandoval has officially signed with the Red Sox, kicking off a fascinating offseason for Boston. He’ll earn a guaranteed $95MM over five years, with a club option for a sixth season.
Sandoval will receive a $3MM bonus, then earn $17MM annually over 2015-17 before taking home an $18MM salary in both 2018 and 2019. The club option is for $17MM and comes with a $5MM buyout.
Sandoval’s addition immediately addresses Boston’s need for a third baseman in the wake of Will Middlebrooks‘ disappointing 2014 season, and the switch-hitting Sandoval also adds some balance to a predominantly right-handed hitting Red Sox batting order. While Sandoval never had much trouble hitting at AT&T Park (a career .853 OPS in San Francisco), it stands to reason that the move to hitter-friendly Fenway Park will only help his production.
With Sandoval in the fold and Hanley Ramirez reportedly also close to finalizing a deal, the Red Sox may have landed the two biggest infield bats on the free agency market. It remains to be seen how the Red Sox will deploy their talent given Xander Bogaerts‘ presence at shortstop, though Sandoval is the obvious choice at third base given that he has posted above-average UZR/150 numbers in three of the last four seasons.
The Red Sox were one of three reported finalists for Sandoval along with the Giants and Padres. (The Blue Jays and White Sox also showed some interest in Sandoval earlier this winter.) This interest didn’t result in Sandoval finding his desired six guaranteed years, though if the contract does pay him a $20MM average annual value, it will be the second-highest AAV ever given to a third baseman, topped only by Alex Rodriguez‘s deal with the Yankees. San Francisco assistant GM Bobby Evans tells Henry Schulman of the San Francisco Chronicle (via Twitter) that Sandoval informed him he was looking for a “new challenge,” and he apparently found that in Boston.
Sandoval, 28, had spent his entire seven-year Major League career with the Giants, becoming a fan favorite due to his “Kung Fu Panda” persona and his clutch bat. Sandoval owns a .344/.389/.545 slash line in 167 postseason plate appearances, most notably being named MVP of the 2012 World Series. Losing Sandoval is a big blow to the Giants, who may be looking to replace his production by signing Cuban outfielder Yasmany Tomas. Since Tomas could be deployed as a third baseman, he might end up as a direct replacement for Sandoval should he indeed wind up a Giant. FOX Sports’ Ken Rosenthal tweets that the Giants are interested in Tomas as a left fielder and would likely pursue Chase Headley to fill their third base vacancy if Sandoval went elsewhere.
The Giants offered Sandoval a five-year, $95MM contract and showed some willingness to go to $100MM if necessary, tweets Hank Schulman of the San Francisco Chronicle. Andrew Baggarly of CSNBayArea.com hears the same and adds that there was an understanding that the $95MM wasn’t necessarily a final offer.
San Francisco will now receive a bonus pick between the first and second rounds of the 2015 draft as compensation for Sandoval signing elsewhere, since he rejected the team’s one-year qualifying offer. Boston’s first round pick (7th overall) is protected, so the Sox will instead give up their second rounder as a result of the signing.
Oscar Prieto Rojas reported direct confirmation of the signing (Twitter links). CBS Sports’ Jon Heyman reported that a deal was complete (Twitter link).
The contract breakdown comes from Alex Speier of WEEI.com, on Twitter. Heyman reported the final guaranteed figure, in a tweet. Manolo Hernandez Douen was first to report that the deal included a sixth-year option (via Twitter).
Photo courtesy of USA Today Sports Images.
Details On Jay Bruce’s No-Trade Clause
We heard recently that the Reds will at least listen to offers on outfielder Jay Bruce. While that still seems to be a long shot, it is worth noting that Bruce has an eight-team no-trade clause that would come into play were he shopped.
According to Ben Nicholson-Smith of Sportsnet.ca, Bruce can block deals to the Athletics, Blue Jays, D’backs, Marlins, Rays, Red Sox, Twins, and Yankees. That mix of small and large-market teams presumably shields Bruce from destinations he may prefer not to play in while affording him leverage if a big-spending AL East club were to come calling.
Bruce had an off year in 2014, but has been one of the game’s most consistent power threats and is just entering his age-28 season. He is guaranteed $25.5MM over the next two seasons, which includes a buyout for a $13MM club option in 2017.
Latest On Mariners’ Pursuit Of Righty Outfield Bat
2:57pm: Seattle is interested in Upton but intends to take a look at free agent Nelson Cruz first, according to a tweet from Bob Nightengale of USA Today.
11:51am: The Mariners, as expected, are pursuing several trade possibilities in their efforts to find a right-handed-hitting corner outfield bat, Jon Morosi of FOX Sports reports on Twitter. Seattle has long been expected to try to fill its outfield void with a righty power bat, and it appears that is where the team is focused.
Seattle’s front office has had talks on players such as Matt Kemp of the Dodgers, Yoenis Cespedes of the Red Sox, and Justin Upton of the Braves. Obviously, each of those options would represent a major addition of a premier source of pop, though their contractual situations are notably different. The latter two are playing out their final year of control at fairly reasonable prices, while Kemp is owed $21MM next year and another $86MM over the four seasons that follow.
The Mariners remain one of the more intriguing teams to watch on the trade market, both because of their aggressive stance and stockpile of interesting talent. Seattle has Brad Miller and Chris Taylor potentially available up the middle, though the team may be more inclined to hold if it does not have an attractive upgrade in mind. The club also possesses interesting, MLB-ready arms like Taijuan Walker and James Paxton, each of whom would hold broad appeal.
Red Sox Designate Ryan Lavarnway
The Red Sox have designated Ryan Lavarnway for assignment to clear roster space for the signing of Pablo Sandoval, the club announced (per a tweet from Alex Speier of WEEI.com).
Lavarnway, a 27-year-old catcher, was once considered one of the game’s top 100 prospects. But he has failed to earn a consistent chance at a big league role despite making appearances on the MLB roster over each of the last four seasons. Since first earning a call-up in 2011, Lavarnway has not demonstrated the kind of power and on-base ability that created such hope for his future.
Of course, that does not mean that other clubs will not be willing to take a shot on a still-young player with Lavarnway’s talent base. He slashed .283/.389/.370 with three long balls last year across 257 plate appearances at Triple-A. While those figures are a far cry from the 30-home-run onslaught he delivered back in 2011, Lavarnway’s ability to reach base and his demonstrated power ceiling remain interesting.
AL East Notes: Red Sox, Yankees, Blue Jays
The action today was in the AL East, with the Red Sox reportedly reaching terms with both Hanley Ramirez and Pablo Sandoval. The day’s moves could well set up a series of others in a division that is setting the early pace in spending. Here’s the latest:
- With the Red Sox taking on gobs of new salary obligations and seemingly prepared to add more, attention has naturally turned to the question of how much the team could be willing to spend. Owner John Henry mentioned last year that going over the luxury tax line is not necessarily a devastating event, notes Peter Abraham of the Boston Globe (Twitter link). Boston has relatively little committed in the future, but is already well north of $100MM in obligations for 2015 even before accounting for Sandoval and Ramirez.
- WEEI.com’s Alex Speier takes a closer look at the team’s possible methods for freeing salary to devote to pitching. He notes that the cap may not be a hard ceiling for the Sox, though the roster will need to be trimmed regardless of financial considerations. Speier’s colleague, Rob Bradford, evaluates the expected addition of Ramirez in terms of the many moving parts that the organization must account for.
- Boston’s moves will test the Yankees‘ restraint, writes Joel Sherman of the New York Post. New York is still putting out the vibe that it will not play in the top of the free agent market, but the temptation is obvious. As Sherman rightly notes, also, the bidding for return targets like Chase Headley, Brandon McCarthy, and David Robertson could well shoot up rather quickly.
- Sources also tell Sherman that the Bombers are pushing harder to acquire a shortstop than a third baseman. The club has made “a series of trade offers” to land one, per Sherman.
- The Blue Jays are “talking about” Reds outfielder Jay Bruce, according to a tweet from Jon Morosi of FOX Sports. While the report is not entirely clear, it seems to refer to internal discussion among the Toronto brass, rather than trade chatter between the clubs. While a recent report indicated that Cincinnati would listen on Bruce, it is difficult to imagine a trade scenario that would entice the Reds and a team looking to add the talented 27-year-old at a discount.
Latest On Jon Lester And Cole Hamels
Earlier today we heard that the Giants have shown interest in Jon Lester, and that interest may now increase with Pablo Sandoval reportedly set to join the Red Sox. San Francisco would make another entrant in a Lester race that has begun to take clearer shape over the past week or so. And, of course, the connection to the Phillies‘ trade market for Cole Hamels cannot be ignored, with several reports suggesting that the two southpaws’ fates are intertwined.
Here are today’s Lester and Hamels rumors…
- Two NL GMs told Peter Gammons over the weekend that Lester is nearing a deal with the Red Sox. However, Gammons writes that the info doesn’t appear to be accurate at this time, as Lester is set to meet with the Cardinals sometime next week. According to Gammons, Lester might wish to have a deal in place in advance of the Winter Meetings, which begin Dec. 7 in San Diego. WEEI.com’s Rob Bradford echoes that there’s nothing close between the Red Sox and Lester at this time (Twitter link).
- Peter Abraham of the Boston Globe tweets that the Red Sox and Lester are still “very much engaged” and it does appear possible for the Sox to add Lester, Sandoval and Hanley Ramirez (who agreed to a four-year, $88MM pact with Boston earlier today).
- The Red Sox and Cubs are interested in Hamels, and both could “jump” at the chance to acquire him if they miss on Lester, tweets Ken Rosenthal of FOX Sports. Boston has had the “most serious talks” with Philadelphia, according to Bob Nightengale of USA Today (via Twitter), with Jeff Passan of Yahoo Sports tweeting that the Phils are confident in striking a deal if Lester does not return to his former club.
- The Dodgers are also in on Hamels, according to a tweet from Nightengale. Los Angeles represents a potentially powerful new entrant to that market, of course, and could shake up the pursuit if it decides to commit significant resources to adding a third stellar lefty to its rotation.