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Market Chatter: Dodgers, Castellanos, Didi

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With the Winter Meetings upon us, let’s round up the latest chatter on the market to start the morning …

  • The Dodgers could play a fascinating role in the proceedings. As the L.A. front office works on major potential free agent moves, it’s also dabbling in the trade market involving some existing pieces. Bob Nightengale of USA Today reports on Twitter that the club is open to discussing trade scenarios involving A.J. Pollock and Enrique Hernandez, along with the previously rumored Joc Pederson. Pollock just finished the first season of a complicated free agent contract, while Hernandez and Pederson each project to earn significant arbitration salaries in their final seasons of eligibility. MLBTR’s Connor Byrne recently broke down a potentially complicated offseason for the seven-time defending NL West champs.
  • Outfielder Nicholas Castellanos may be down a suitor, but the news seems to be good. The Marlins are “out of the bidding,” according to Jim Bowden of The Athletic (via Twitter), owing to the fact that the auction ask has “sky rocketed” in the wake of the surprisingly lofty Mike Moustakas deal. Castellanos has always seemed a tricky player to predict. The youthful, bat-first performer might in past years have been a candidate for a top-of-the-market contract. But recent trends have not favored defensively marginal sluggers. We guessed he’d get four years and $58MM; now that Moustakas has topped that guarantee, perhaps Castellanos can be expected to go higher. His market still appears to be taking shape but could conceivably come together quickly over the next few days.
  • Free agent shortstop Didi Gregorius appears “likely” to secure a significant, multi-year deal, according to Jon Heyman of MLB Network (via Twitter). Heyman hears that Gregorius could land an average annual value of $14MM to $15MM — which is just what we predicted he’d get (over three years) in our top-50 free agent ranking. It’s still unclear where Gregorius will land. Heyman suggests that the bidding may go too high for the Reds, possibly leaving the Phillies and unknown others to pursue the veteran infielder.

Latest On Gerrit Cole

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Teams will be making their initial offers to Gerrit Cole in the coming days, reports Jeff Passan of ESPN (via Twitter). Cole, the top free agent in this year’s class, is a near-lock to exceed David Price’s $217MM guarantee, the current record contract for a pitcher.

Which teams figure to be in on Cole? The Yankees are seemingly committed to bringing Cole to the Bronx, and Peter Gammons of the Athletic somewhat cryptically tweets that the Bombers “were not denied” in their pursuit. Nevertheless, Passan’s sources hear that the Angels and Dodgers do remain in the running alongside the Yankees as favorites for Cole’s services. Both LA organizations have previously met with the Southern California native, as have the Yankees.

While that big-market trio seems to have moved to the forefront of the Cole race, other teams may still yet enter the mix once the time comes to put formal offers on the table. Jon Heyman of MLB Network reiterates (via Twitter) the Phillies’ and Rangers’ interest. Recent indications, though, are that Philadelphia and Texas seem to be more focused on fellow Scott Boras client Anthony Rendon.

That interest in Rendon, who himself figures to handily exceed $200MM, suggests that both organizations have ample spending room should they set their sights on Cole instead. However, the Phillies have already made one massive outlay on starting pitching this offseason, signing Zack Wheeler to a $118MM deal. The Rangers, meanwhile, have seemingly plugged two holes in their rotation via smaller deals for Kyle Gibson and Jordan Lyles. With that in mind, it seems to make sense for those two clubs to turn their attention to the position player side of things.

With the Cole market seemingly heating up, he figures to be the center of attention at next week’s Winter Meetings. With some of the sport’s biggest spenders eyeing him, Cole will surely break the bank whenever he makes the final decision.

Yankees’ “Total Focus” On Gerrit Cole

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The Yankees “total focus” remains on reeling in the winter’s big fish: ace starter Gerrit Cole, per MLB Network Insider Jon Heyman. That Cole is a priority for the Yankees is old news, though Heyman’s characterization certainly seems to stake a higher degree of urgency to the Yankees’ intent.

The nostalgic among us can take this opportunity to think fondly of the Yankees of yore, who routinely targeted their man in free agency with this kind of fervor. It’s been a few years since a free agent made this kind of impression on the Yanks, though they attacked the opportunity to trade for James Paxton last offseason with similar drive.

The urgency isn’t shocking coming off 2019, which proved an interesting campaign in New York. Injuries decimated the roster, but the offense never missed a beat no matter who stepped into the void (hello, Gio Urshela). They coasted to 103 wins and a division title, defeated the Minnesota Twins in the playoffs as they are wont to do, only to see the favor repaid in full by the new powerhouse of the day Houston Astros. The Yankees found themselves booted from the playoffs for the third time in the last five seasons by the Astros, making this pursuit of the ex-Astro Cole feel all the more crazy-eyed. That said, there is rarely a free agent with Cole’s pedigree, and if they’re going to channel the ghost of Steinbrenner and go all-in for a free agent, Cole is a worthy target.

Which is, of course, exactly why interest in the right-hander runs so rampant. As Heyman put it, the Yankees “don’t want to be denied” in their pursuit of Cole, but there is no shortage of contenders, including both LA teams, the Rangers, and the Phillies (who are a little crazy-eyed themselves these days). All five clubs have ample cause to pull out all the stops for Cole – on paper, they’re not alone.

Phillies To Pursue Anthony Rendon

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The Phillies are preparing to make a run at free agent third baseman Anthony Rendon, according to Bob Nightengale of USA Today. He’s now the team’s top priority, per the report.

If there was any doubt as to the Phillies’ all-in intentions after they inked Zack Wheeler, this would seem to resolve it. The organization had spoken of its disinclination to part with draft compensation to land free agents. But having done so for Wheeler, adding another qualifying offer-declining free agent would actually cost less in draft capital.

Should the sides end up seeing eye to eye on a contract, Rendon would be following Bryce Harper in a dramatic trip north on I-95. It’s not difficult to see the match on paper. Rendon is an exceptional all-around player who’d fill the void at the hot corner for the Phils. The team grew tired of waiting for Maikel Franco to establish himself there and isn’t inclined to sit on its hands until top prospect Alec Bohm is ready.

Plenty of other teams (the incumbent Nationals among them) would likewise love to slot Rendon in at third base. He’s being courted by a variety of organizations. Rumors persist that Rendon would be interested in a somewhat shorter, higher-AAV contract — the precise opposite of the angle Harper took. Whether that sort of arrangement would suit the Philadelphia club’s needs isn’t known.

What is clear is that the involvement of the Phillies only serves to buttress Rendon’s market. Entering the winter, we predicted a $235MM guarantee over seven years. It seems that Rendon does indeed have that kind of earning power, even if he ultimately elects to take a shorter contract with greater single-season salaries.

Pitcher Notes: Hamels, Phils, Wheeler, Twins, Bundy, Lindblom

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The latest pitcher-relates news from around baseball…

  • Left-hander Cole Hamels said earlier this offseason he’d be open to a return to Philadelphia, where he thrived at the beginning of his career. Hamels wound up accepting the division-rival Braves’ one-year, $18MM offer on Wednesday, but the Phillies were among his suitors before then. They put forth a one-year proposal worth roughly half what Hamels got from the Braves, per Todd Zolecki of MLB.com. With that in mind, it’s no surprise Hamels turned down a return to Philadelphia. Meanwhile, the starter-needy Phillies made a much bigger splash to improve their rotation Wednesday, as they agreed to sign ex-Met Zack Wheeler to a five-year, $118MM pact.
  • The Twins were also among the most ardent teams in pursuit of Wheeler, according to La Velle E. Neal of the Star Tribune. They offered Wheeler a five-year, $100MM offer, but the Phillies upended them. Had Wheeler taken the Twins’ offer, it would have been the richest in franchise history. Now, even after Jake Odorizzi accepted a qualifying offer from the Twins, they’re still in clear need of starting help. Odorizzi and Jose Berrios are the only sure things for Minnesota’s 2020 rotation, meaning we probably haven’t seen the last of the team’s starting pursuits this winter. Indeed, the Twins seem to be aggressively going after free-agent left-hander Madison Bumgarner.
  • The Angels and Orioles swung a headline-grabbing trade Wednesday, when Los Angeles acquired righty Dylan Bundy from Baltimore. Even after picking up Bundy, the Angels remain “in the market for pitching,” said general manager Billy Eppler (via Rhett Bollinger of MLB.com). As for the non-contending Orioles, in parting with Bundy, they took “a big step toward our stated goals to accumulate and develop as much young talent as possible as the club rebuilds its roster and gets our talent level back to the level needed for consistent playoff contention,” per GM Mike Elias (via Roch Kubatko of MASNSports.com).
  • Korea Baseball Organization right-hander Josh Lindblom officially became a free agent Wednesday, the Yonhap News Agency relays. Lindblom was terrific as a member of the KBO’s Doosan Bears from 2018-19, as MLBTR’s Steve Adams recently explained. Before that, he was unremarkable in the majors from 2011-17 with several teams. However, Lindblom’s KBO performance could overshadow his MLB history as he seeks a big league contract this offseason.

Braves Sign Cole Hamels

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1:15pm: The Braves have formally announced the signing and (unlike most clubs) confirmed the terms of the contract in their press release. Their 40-man roster is now up to 38 players.

11:18am: The Braves have struck a one-year deal with lefty Cole Hamels, per ESPN.com’s Jeff Passan (via Twitter). It’s said to include a $18MM guarantee for the John Boggs client.

Hamels can still get the job done as he closes in on his 36th birthday. Despite losing more than a full tick on his fastball from 2018-2019, he generated swings and misses at close to a twelve percent rate — much as he has done throughout his 14-year career. Since landing with the Cubs in the second half of the 2018 campaign, Hamels has spun 218 innings of 3.30 ERA ball over 39 starts while maintaining 9.0 K/9 and 3.3 BB/9.

This match has long made sense — for all the reasons the team decided last year to ink fellow veteran southpaw Dallas Keuchel to a rental contract. MLBTR predicted Hamels to land in Atlanta in our ranking of the top fifty free agents.

Entering the winter, we believed Hamels could command a two-year deal at a $15MM AAV. But it emerged soon after the market opened that the veteran southpaw actually preferred a single-season mercenary arrangement. That’s just what he’ll get, and he’ll command a bit of a salary premium by foregoing any long-term security.

Hamels drew widespread interest over the past month. That continued into the month of December, with Bob Nightengale reporting (Twitter link) that a half-dozen organizations were still involved as of yesterday. The Phillies, White Sox, Rangers, and — surprisingly — the Giants were among the teams in the market until the end, per the report.

That Philadelphia link only further increases the NL East intrigue that we’re bound to see in 2020. While he is a few years removed from his tenure with the Phils, Hamels will always be known first and foremost as a long-time Phillies hurler who was one of the team’s key players during its last run of success.

Now, Hamels will try to help the Braves get over the hump. The Atlanta org has won the past two division crowns, but hasn’t yet managed to translate that success into the postseason. Hamels promises to step in for Keuchel as a durable veteran who has been there and done that plenty of times over a long and prosperous career.

This is the latest early strike for the Braves, who have already ticked through quite a few items on the checklist before the Winter Meetings even kick off. Hamels isn’t the top-of-the-rotation arm that might be preferred, but his addition doesn’t preclude further adds. For now, though, the focus will likely remain on re-signing or replacing third baseman Josh Donaldson.

Photo courtesy of USA Today Sports Images.

Phillies “Looking At” Stephen Strasburg

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While the level of interest isn’t entirely clear, the Phillies are at least considering a move for veteran starter Stephen Strasburg, according to Jon Heyman of MLB Network (via Twitter). The organization is said to be “looking at” plucking a star from the division-rival Nationals for a second consecutive winter.

There are many other possibilities for Strasburg, who wrapped up an outstanding (and rather redemptive) season in D.C. before opting out of his contract in favor of the open market. As Heyman notes, there’s still a sense that Strasburg could well line up again with the Nats. But many of the game’s highest-spending organizations have already shown interest as well.

Strasburg would be a big addition to any rotation, but he’d be of particular import to a Phillies staff that was filled with struggles last year. Like many other teams, the Phils are looking both for impact and reliability. Stras has consistently delivered the former … at least, when healthy. Concerns with his durability are in some regards overstated. He’s fresh off of a dominant and complete season at 31 years of age. Since returning from Tommy John surgery, Strasburg has averaged 28 starts and 168 innings annually (including his infamous 2012 shutdown campaign).

While the Phillies have indicated trepidation at coughing up draft compensation to add a free agent, that’s simply the requisite ante to sit at the high-stakes table. Strasburg is a good enough player that teams can mostly ignore the lost draft capital. That’s particularly true now that he has thoroughly erased any doubts (as unjustified as they were in the first place) over his big-game capabilities. Recently crowned the World Series MVP, Strasburg has passed every test thrown at him in the postseason with flying colors. In 55 1/3 career playoff frames, he owns a sparkling 1.46 ERA with 11.5 K/9 and 1.3 BB/9.

Pitching Market Chatter: Wheeler, Cole, Kluber, Jays

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There has been some early action on the starting pitching market. Jake Odorizzi accepted a qualifying offer from the Twins, filling one of their openings on a limited commitment. The Cardinals brought back Adam Wainwright. Chase Anderson went to the Blue Jays in a trade. The Rangers made Kyle Gibson their annual surprise three-year contract recipient. Those moves helped set the stage for some of the biggest free agents, who are now engaged with multiple suitors. We’ve recently covered the latest on hot commodity Zack Wheeler and high-end veteran Stephen Strasburg, who has held meetings with the Dodgers and Yankees.

Here’s more from other areas of the market:

  • Speaking of Wheeler, it seems that a deal is indeed on the cusp of coming together. Ken Rosenthal said as much in an appearance on MLB Network (Twitter link), noting that we could even see an agreement struck today. Rosenthal believes it’s a three-team race between the Phillies, White Sox, and Reds, though he cautions that the bidding isn’t fully limited to those organizations. We’ll be keeping a close watch on Wheeler.
  • The Yankees are clearly a legitimate player for top free agent Gerrit Cole, though agent Scott Boras is certain to demand that the New York powerhouse pay a premium to woo the West Coast native. Yesterday’s initial sit-down went well, per Jon Heyman of MLB Network (via Twitter), though it’s hard to divine much of real import given that the sides didn’t talk cold hard cash. Sources tell Heyman that “the dollars will be there,” which seems to be an indication that the Yankees are fully prepared to make Cole the richest pitcher ever to play the game. But whether the club will cast its valuations aside in a full-blown bidding war, should one break out, remains to be seen.
  • We’ve heard a lot of chatter surrounding a certain Indians star shortstop, but relatively little on the club’s former (and future?) ace starter. That may not reflect the real state of play within and among front offices. ESPN.com’s Jeff Passan cites multiple executives for the proposition that the Cleveland organization is working harder on structuring deals for Corey Kluber than in sorting out a blockbuster involving Francisco Lindor. As we explained in ranking Kluber 17th among the winter’s trade candidates, it’s all but impossible to know what to expect from the former Cy Young winner. Kluber ought to be well rested after a freak arm fracture ruined his 2019 season, but he had struggled in early action before the injury. He’s not cheap — $17.5MM in 2020 and $18MM via club option for one more year — but would be an outright steal at those rates if he’s anything like his usual self upon his return.
  • The Blue Jays are “as aggressive as any team” in pursuit of open-market starters, per MLB.com’s Jon Morosi (via Twitter). It’s anyone’s guess just how to interpret that characterization. The Toronto faithful are by now a bit jaded at such assurances, having grown frustrated with a string of losing seasons and minimal investment in the MLB roster. Perhaps this is all part of the setup for explaining that the club just couldn’t quite get a deal done despite its best efforts. Then again, there’s plenty of reason to think the Jays can and should be prepared to re-enter the fray in a big way. The club has cleaned up its future balance sheets and graduated many of its best prospects to the majors. Perhaps the Toronto front office will end up making significant rotation improvements over the course of the winter.

Phillies Actively Pursuing Zack Wheeler

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There’s momentum in the market for righty Zack Wheeler, who is reportedly already sitting on a nine-figure offer. The Phillies are now perhaps the strongest pursuer of the 29-year-old, Buster Olney of ESPN.com reports.

With the Philadelphia organization firmly entering the picture, Wheeler is sitting in an enviable position. There are a host of other teams still in the picture. Olney cites the Reds, White Sox, and Rangers as remaining involved. We’ve previously heard of intense interest from the Twins, who were reportedly still in the picture as of yesterday.

In another report this morning, Ken Rosenthal of The Athletic (via Twitter) suggests that the Reds and White Sox are the other teams most clearly in the mix with the Phillies. But it’s still a fluid bidding situation, so far as is known publicly. Indeed, Rosenthal adds that the Angels “have shown real interest,” though their status at the moment isn’t clear.

This could be building into a perfect storm for Wheeler, whose big arm and relative youth hold obvious appeal. It seems teams have come to terms with his history of arm issues and are banking on a two-year track record of durability. In our ranking of the top 50 free agents, we predicted widespread interest to drive Wheeler to a five-year, $100MM deal with the Phillies. It now seems he will top that guarantee; Olney even floats the possibility that a team will end up offering a sixth year to land the in-demand hurler.

Phillies Non-Tender Cesar Hernandez, Maikel Franco

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The Phillies have non-tendered second baseman Cesar Hernandez and third baseman Maikel Franco, Jim Salisbury of NBC Sports Philadelphia was among those to report.

Neither outcome is surprising, but the non-tenders will nonetheless bring about the end of an era for the Phillies’ infield. Both Hernandez and Franco had been mainstays for the Phillies over the past few seasons. The switch-hitting, high-on base Hernandez was the more valuable of the two, as he was a 2.0- to 4.0-fWAR player in each season from 2016-18. Hernandez’s numbers took a step back this year, a 1.7-fWAR season in which he hit .279/.333/.408 with 14 home runs across 667 plate appearances. He’d been slated to receive a $11.8MM in arbitration thereafter, but that was too rich for the Phillies. They’ll now look for another solution at the keystone.

Philly’s also now on the lookout for a new third baseman after cutting Franco, whom the team once viewed as its long-term answer there. But Franco, despite his prodigious power, seldom lived up to the billing after an impressive rookie campaign with the Phillies in 2015. The 27-year-old’s now coming off a season in which he batted a miserable .234/.297/.409 with 17 dingers and minus-0.5 fWAR over 428 PA. He looked like an obvious non-tender candidate thanks to those numbers, and with a projected $6.7MM coming his way in 2020, the Phillies went the expected route and cut him loose.

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