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Details On Santiago Casilla’s Vesting Option

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When the Giants and right-hander Santiago Casilla agreed to a three-year, $15MM extension with a vesting/club option in the 2012-13 offseason, reports indicated that Casilla’s option would vest based on a certain number of innings pitched or appearances. However, details surrounding the specific parameters of the option remained unclear. MLBTR has learned the specifics of Casilla’s vesting option.

The 2016 option was structured such that it could vest at three different levels: $6.5MM, $7.5MM or $8.5MM. Of those three, the $6.5MM figure is the only reasonably possible scenario at this point, and it, in fact, seems fairly likely. Casilla’s option will vest at $6.5MM if he finishes 55 games in the 2015 season. It would have vested at $7.5MM had he finished 100 games from 2014-15, with 55 or more of those games finished coming this year. The $8.5MM figure would have vested had Casilla finished 150 games over his contract’s three-year term, with 55 or more coming in the 2015 season.

As things currently stand, Casilla has pitched well as the Giants’ primary closer in 2015. He’s finished 32 games on the year (accumulating 23 saves), meaning that he’ll need just 23 more games finished to lock in the fourth year of his contract and boost the total value of the deal from $15MM to $20.5MM. (He was already guaranteed $1MM of that figure via buyout, so the vesting option will increase his guarantee by $5.5MM instead of $6.5MM.)

The 34-year-old Casilla has worked to a 3.34 ERA in 32 1/3 innings, averaging 9.2 K/9 against 3.6 BB/9 with a 45.1 percent ground-ball rate. Casilla will turn 35 in 12 days, and his 93 mph average fastball is the slowest of his career, so there are reasons to worry about some level of decline. But, he’s consistently delivered very strong bottom-line results throughout his San Francisco tenure, and the $6.5MM salary he figures to eventually secure for the 2016 season is hardly prohibitive to a team with the Giants’ payroll capabilities.

Last night’s midseason update on vesting options from around the league, authored by MLBTR’s Mark Polishuk, has been updated to reflect the details of Casilla’s contract.

2016 Vesting Options Midseason Update

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Several notable players could see their 2016 statuses change depending on whether or not they unlock vesting options in their current contracts.  As we enter the All-Star break, let’s check in on the progress each of these players are making towards those getting those options to vest.  All stats are current heading into today’s action…

  • Chase Utley: The veteran second baseman has a $15MM vesting option for 2016 that becomes guaranteed if he makes 500 plate appearances.  (If he doesn’t, it becomes a team option worth between $5MM-$11MM depending on how much time Utley spends on the DL, with a $2MM buyout.)  Utley, of course, is on the DL right now recovering from an ankle injury and will be out until late July or early August.  Phillies GM Ruben Amaro has openly stated that Cesar Hernandez has earned the everyday second base job, leaving Utley’s playing time in question for the remainder of the season.  Utley is suffering through by far the worst season of his 13-year career with only a .179/.257/.275 slash line and four homers through his 249 plate appearances.  If Utley isn’t back until early August, he’d be hard-pressed to reach 500 PA even in the increasingly unlikely event that he plays every day.
  • Jonathan Papelbon: This Phillie’s march towards his vesting option is going much more smoothly.  His $13MM option for 2016 vests if he either finishes 55 games this year, or finishes 100 games combined between the 2014 and 2015 seasons.  Papelbon finished 52 games last year and has 29 finishes this season, so collecting those last 19 finishes over roughly two and a half months shouldn’t be difficult for the closer if he stays healthy.  There’s a chance Papelbon could ask for his option to be guaranteed to facilitate a trade, yet he sounds so eager to get out of Philadelphia and pitch for a contender that he may not bother and instead bet on himself to finish those 19 games.
  • David Ortiz: Big Papi has 340 plate appearances, making him a virtual lock to reach the 425 PA he’ll need (plus passing an offseason physical) for his 2016 option to vest.  Ortiz will earn at least $11MM in 2016, plus more depending on how many PA past the 425-mark he ends up recording this season.
  • Joaquin Benoit: With only seven games finished, Benoit has no shot at the 55 games finished he’s need to turn the Padres’ $8MM club option into a guarantee for 2016.
  • Marlon Byrd: If Byrd has 600 PA this season, or at least 550 PA this season and 1100 PA total between 2014-15, the $8MM club option on his 2016 services will become guaranteed.  A DL stint limited Byrd to 262 PA thus far, so it’ll be difficult for Byrd to reach the 550 PA mark unless he stays healthy and the Reds play him virtually every day.
  • Santiago Casilla: The Giants righty signed a three-year, $15MM deal in the 2012-13 offseason that contained a vesting option. MLBTR has learned that Casilla’s 2016 option will vest at $6.5MM with 55 games finished during the 2015 season. Casilla’s option could have vested at $7.5MM with 100 games finished between the 2014-15 seasons, including 55 in 2015. The option could also have vested at $8.5MM with 150 games finished from 2013-15, including 55 finished in 2015.
  • Nori Aoki: The outfielder was one of the league leaders in plate appearances when he fractured his right fibula, so he already has 291 of the 550 PA he needs to turn the Giants’ $5.5MM option for 2016 into a mutual option.  If Aoki returns around July 24 (as Bruce Bochy estimates) and resumes his everyday spot atop San Francisco’s lineup, he stands a good chance of reaching the vesting point.
  • Jonny Gomes: If Gomes receives 325 PA, his $3MM option for 2016 will become guaranteed.  He’s just over halfway there with 166 plate appearances, so this one may come right down to the wire.

We already know that Cliff Lee won’t achieve the innings totals required for his 2016 option to vest, as the Phillies southpaw hasn’t pitched all season and is attempting to recover from a torn left flexor tendon without undergoing surgery.  Brandon League also hasn’t pitched this season and has been released by the Dodgers, so he won’t reach the games-finished total required to allow his 2016 player option to vest.

Cafardo On Mariners, Pirates, Zobrist

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In today’s column, Nick Cafardo of the Boston Globe looked at five teams that need to make a move before the trade deadline.  That list includes the Mets, who have pitching they can trade for hitting.  The most obvious fit for them would be Rockies shortstop Troy Tulowitzki, but Cafardo also mentions teammate Carlos Gonzalez as well as A’s hitters Josh Reddick and Steven Vogt.  As always, Cafardo’s entire column is worth a read, but we also compiled a handful of highlights below..

  • The Mariners continue to consider Phillies outfielder Ben Revere as the deadline approaches, Cafardo hears from a major league source.  The M’s need a leadoff hitter and while his slash of .294/.335/.377 doesn’t make him the ideal guy for that, Revere does have 21 steals on the year.  Earlier today we learned that the Pirates also have their eye on Revere.  However, it’s worth noting that Revere is also dealing with hamstring issues at the moment and that could delay a possible trade.
  • The Pirates recently watched Marlins right-hander Dan Haren pitch at Fenway Park.  Haren has been mentioned quite a bit as a trade candidate and while he made demands in the offseason, he has now settled into the fact that he might get moved.
  • Speaking of the Marlins, former closer Steve Cishek is drawing interest despite his difficult season and mechanical issues. The Twins, Tigers, Blue Jays, Red Sox, and other clubs have been keeping an eye on the 29-year-old.
  • Now that Marlins first baseman/outfielder Michael Morse is healthy once again, Cafardo wonders if teams like the Mets, Pirates, Nationals, and Royals could come calling.  A team acquiring Morse would have to pay the rest of his $7.5MM salary for 2015 and his $8.5MM salary next season, but Cafardo hears that he is in fact being scouted by clubs. Recently, MLBTR’s Charlie Wilmoth ran down the Marlins’ possible trade chips, including Haren and Cishek.
  • The Mets, Yankees, Giants, and Nationals are among the teams with interest in A’s outfielder/infielder Ben Zobrist.  Zobrist has played in left field, second base, and right field this season and Cafardo notes that he could also play third base if needed, despite having only four career games there.
  • One AL exec tells Cafardo that he thinks the Tigers could listen on David Price.  “It bears watching,” said the executive. “I don’t think he’s going back there. The Tigers need to revamp their farm system, so it’s not cut and dried that they won’t entertain a package for him.” Cafardo, however, doesn’t see Price going anywhere.  He envisions Detroit possibly adding a starter.

Heyman On Grilli, D-backs, Marlins, Dodgers

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Here are the highlights from Jon Heyman’s massive new Inside Baseball article for CBS Sports. Be sure to check out Heyman on the latest edition of the MLBTR Podcast.

  • The Braves have had “serious talks” about dealing closer Jason Grilli to a contender, Heyman writes, with the Blue Jays and Dodgers among the teams that make the most sense.
  • The Diamondbacks have made infielder Aaron Hill and pitchers Jeremy Hellickson and Addison Reed available in trades, and all three players have attracted at least some interest.
  • The Marlins could trade starter Dan Haren for the right return. On paper, the Dodgers would seem to make sense, but that seems unlikely, since the Dodgers treated Haren basically as a throw-in in the Dee Gordon trade in the offseason. The Dodgers would also prefer to find a starter they could use in the playoffs, and Haren likely doesn’t qualify.
  • Dodgers shortstop Jimmy Rollins could become available in a trade as top prospect Corey Seager continues to demonstrate he’s ready for the big leagues.
  • The Dodgers, Blue Jays, Nationals and perhaps other teams had scouts on hand as Mariners starter Hisashi Iwakuma returned from a lat injury this week. Iwakuma could be a trade candidate, but Heyman notes that giving up four homers to the Tigers probably didn’t exactly increase his value.
  • Brewers third baseman Aramis Ramirez still seems set on retiring after the season, despite agent Paul Kinzer’s efforts to get him to continue.
  • The Padres have been scouting the Mets lately, leading to speculation that the Mets could be trying to trade for Justin Upton.
  • The Phillies are “not bending” in their demands for Cole Hamels, and his limited no-trade clause remains an obstacle.
  • The Giants have had talks with free agent infielder Everth Cabrera. The Orioles released Cabrera last month. He would provide depth for San Francisco.

NL East Notes: Amaro, Span, Morse, Latos

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GM Ruben Amaro’s recent declaration that Chase Utley might not be the Phillies’ everyday second baseman when he returns from injury is a tough one for fans to take, David Murphy of the Daily News writes. For those unfamiliar with Amaro’s comments, FOX Sports’ Ken Rosenthal provided a good summary earlier this week. “Cesar Hernandez is our best second baseman,” Amaro told reporters, including CSNPhilly.com’s Jim Salisbury. “I would assume that Cesar would be our second baseman.” After getting off to a poor start this season, Utley is currently on the DL with ankle inflammation, and Hernandez has performed well in his absence, but Amaro’s remarks understandably haven’t sat well with Phillies fans, who don’t want to see a franchise icon pushed off the stage. The core of the problem, as Murphy sees it, is that Phillies fans have to endure the marginalizations or departures of players who were key to the Phillies’ run of successful seasons several years back, while the team’s front office can continue to use that same run of successful seasons to justify its own continued employment. Rosenthal, meanwhile, wonders whether Amaro — who had already appeared to be a lame duck — might be hastening his departure with his tone deaf comments. Here’s more from the NL East.

  • The Nationals have placed outfielder Denard Span on the disabled list, Mark Zuckerman of Nats Insider writes. Span, who had not played since Sunday, has been dealing with back tightness. The injury means the Nationals are down yet another position player. They currently also have Anthony Rendon, Jayson Werth and Ryan Zimmerman on the DL.
  • The Giants have had at least a bit of interest in acquiring Michael Morse from the Marlins, but the Giants would need to take on a significant portion of the approximately $11MM remaining on Morse’s contract for the Marlins to consider the deal, Barry Jackson of the Miami Herald writes (scroll down). The Marlins would seem to have somewhat less use for the right-handed Morse with today’s addition of fellow righty corner infielder Casey McGehee, and Justin Bour has taken over the bulk of the Marlins’ playing time at first base anyway. The Giants surely have fond memories of Morse from his solid performance with their 2014 World Series team, but Morse has hit a disastrous .210/.273/.304 with his usual poor defense in 2015, so it’s doubtful the Giants would be willing to take on much salary to acquire him. Morse would serve as a right-handed bench option in San Francisco.
  • The Marlins have also received “several” calls regarding starting pitcher Mat Latos, Jackson writes. That’s not surprising — Latos is a free agent at the end of the season, and as MLBTR’s Steve Adams recently noted, Latos’ velocity has returned lately, seemingly making him a more attractive trade candidate than his overall numbers suggest he should be.

Marlins Sign Casey McGehee

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TODAY: Miami has announced the signing of McGehee.

YESTERDAY, 4:38pm: McGehee is actually still on release waivers until tomorrow, MLB.com’s Joe Frisaro tweets. Once he clears, the Marlins are expected to make “a strong push” to sign him. McGehee is represented by Meister Sports Management.

4:12pm: The Marlins have agreed to terms with infielder Casey McGehee, Andy Slater of 940 AM-WINZ tweets. Slater notes that McGehee should join the team on Friday.

The Giants released McGehee yesterday, according to MLB.com’s transactions page. They had previously designated him for assignment after an awful .213/.275/.299 performance in 138 plate appearances. The Giants will still be on the hook for most of the remainder of McGehee’s $4.8MM salary.

With Martin Prado on the disabled list with a shoulder issue, the Marlins have lately gone with Derek Dietrich and Miguel Rojas at third base, the position McGehee has played almost exclusively in the big leagues since last season. Both Dietrich and Rojas have performed well at the Triple-A level this year, and Dietrich is also off to a good start in the big leagues, hitting .259/.333/.481 in 60 plate appearances.

Dietrich is, however, left-handed, as is primary first baseman Justin Bour. One would think the right-handed McGehee would still be able to play first base, so the he could potentially fill for one or the other against left-handed pitching. The Marlins already have righty first base options in Michael Morse and Jeff Baker, although Morse is in the midst of a very poor season and Baker is currently dealing with an oblique injury. McGehee has struggled this season too, of course, although the fact that he performed well with the Marlins in 2014 (after which they traded him to San Francisco) might earn him more chances in Miami than he might receive elsewhere. The corresponding move the Marlins make when they officially add McGehee to their roster will likely help explain how they plan to use him.

International Notes: July 2 Pools, 2016-17 Market, Cuba

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In case you missed the recent action, be sure to catch up on the major July 2 signings. In the midst of teams agreeing to deals with young talent, they were also swapping quite a bit of bonus spending pools amongst themselves. Matt Eddy of Baseball America provides an exceedingly useful chart showing the aggregate results (as of this morning) of all those exchanges.

  • Now that the dust has largely settled, Baseball America’s Ben Badler breaks down at the clubs that have exceeded their total allotment. By Badler’s reckoning, fully one-third of the league will be restricted from spending more than $300K in next year’s July 2 market, with the Dodgers, Giants, Cubs, Royals, and Blue Jays joining the five teams that are set to serve the second year of their bans. (Toronto will only face one season of limitations, as their spending stands.) Badler also explains how all the bonus pool deals were put to use by the teams making them.
  • In the same piece, Badler takes a stab at predicting which clubs are planning to blow their budgets next year. He says that the Braves “seem determined” to make a big splash, while the industry chatter is that they could be joined by the Nationals, Rangers, Twins, and Padres.
  • MLB.com’s Jesse Sanchez looks at the challenges to Cuban baseball posed by changing diplomatic tides. The stream of ballplayers heading for major league organizations has obviously hurt Cuba’s domestic league and national team, as Sanchez explains.
  • If you’re still confused by the way the international market works, check out this solid primer from Jonah Keri of Grantland. He uses a Q&A format to help simplify the often baffling series of rules, strategies, and factors weighing on this segment of the baseball transactional world.

Minor MLB Transactions: 7/9/15

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Here are today’s minor moves from around the game.

  • Somerset Patriots outfielder Scott Cousins has retired, Mike Ashmore of MyCentralJersey.com writes. The announcement was made as Cousins was removed from the Atlantic League All-Star Game on Wednesday. Cousins played parts of four seasons with the Marlins and Angels from 2010 through 2013, hitting .179/.230/.285 in 193 career plate appearances. He says he’d like to finish his college degree, then become a hitting coach or scout. “I’d love to be an area scout; it’s a simple lifestyle, I get to watch baseball and I get to mentor guys where I used to be,” Cousins says. “I’m not going to get rich at it, and I’m perfectly OK with that.”
  • Giants pitcher Brett Bochy is currently listed on the Triple-A Sacramento River Cats roster, so it appears he has been outrighted after being designated for assignment last week. Bruce’s son has produced a 4.30 ERA, 5.5 K/9 and 3.7 BB/9 in 29 1/3 innings with the River Cats this season. He briefly appeared in the big leagues last year.
  • The Reds have acquired righty Miguel Celestino from the Red Sox, Portland Sea Dogs broadcaster Mike Antonellis tweets. Celestino, 25, posted a 4.53 ERA, 6.7 K/9 and 4.3 BB/9 in 45 2/3 innings at Double-A Portland and Triple-A Pawtucket. He’s spent most of the past three seasons pitching in relief. He did not rank in MLB.com’s list of the Red Sox’ top 30 prospects.

Latest On Eddy Julio Martinez

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Top Cuban outfield prospect Eddy Julio Martinez remains unsigned a week after the beginning of the July 2 international signing period, but the Dodgers and Giants still lead the race to sign him, MLB.com’s Jesse Sanchez writes. Both teams have workouts scheduled for Martinez in the coming week.

The Cubs, White Sox, Rangers and Astros also have shown significant interest. Sanchez points out, though, that the Dodgers, Giants and maybe the Cubs have the edge, because Martinez’s bonus, likely to be eight figures, will incur maximum penalties for the team that signs him, including the inability to sign any player for more than $300K in either of the next two international signing periods. The Dodgers and Giants are already on pace to incur those penalties — the Dodgers’ expensive current class includes $16MM signee Yadier Alvarez, while the Giants’ includes $6MM signee Lucius Fox. The Cubs appear likely to incur maximum penalties as well. The White Sox, Rangers and Astros have not incurred such penalties, so they appear to have at least some incentive not to sign Martinez.

MLB.com ranks Martinez the No. 1 prospect available this signing period, comparing the 20-year-old to Andruw Jones and praising his power, baserunning and defense. Baseball America’s Ben Badler (subscription only) is less bullish, suggesting Martinez’s power leads more to doubles than home runs and noting that not all scouts believe he’ll stick as a starter in center field.

West Notes: A’s, Kazmir, Machi, Ibanez

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The Athletics are in a “holding pattern” on trade talks as they continue to see how things progress in the coming weeks, Ken Rosenthal of FOX Sports reports (Twitter links). Nevertheless, likely buyers appear to be taking a close look at Oakland’s roster, as Rosenthal counts the Blue Jays, Astros, Royals, Tigers, Nationals, and Pirates among the clubs that sent scouts to last night’s game.

  • Scott Kazmir threw for the A’s last night, of course, and left after just three innings of work with forearm tightness. Kazmir insisted after the game that it was not a major source of concern, and indeed Susan Slusser of the San Francisco Chronicle notes on Twitter that he was able to play catch today without apparent issue.
  • Giants reliever Jean Machi appears at risk of becoming a roster casualty when the club welcomes back Jeremy Affeldt and/or Tim Lincecum, Henry Schulman of the San Francisco Chronicle notes on Twitter. The 33-year-old has produced outstanding results in each of the last two seasons, putting up 119 1/3 innings of 2.49 ERA pitching. But it’s been a different story in 2015, as Machi has suffered a notable decline in his strikeout-to-walk ratio (5.8 K/9 against 3.9 BB/9, presently) and owns a 5.29 ERA in 32 1/3 frames.
  • The Rangers got a bargain on recent international signee Andy Ibanez, writes Ben Badler of Baseball America. Texas landed the 22-year-old infielder for just $1.6MM, but Badler pegs him as roughly equivalent in value to a supplemental first-round or second-round draft pick.
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