Quick Hits: Farnsworth, Durbin, Izzy, Duchscherer
Here are a few items of note for Jan. 29, 53 years to the day after Stan Musial became the National League's highest-paid player with the one-year, $100K contract he signed with the Cardinals …
- The Rays will pay Kyle Farnsworth $2.6MM in salary in 2011, tweets Marc Topkin of the St. Petersburg Times. If Farnsworth's option for 2012 is picked up, he will earn $3.3MM that year. If it's declined, the buyout is $650K. The deal also includes up to $300K in incentives for games finished.
- The Phillies have not re-signed free-agent reliever Chad Durbin because he is seeking a two-year deal at a higher annual salary than the club is comfortable giving him, tweets Jayson Stark of ESPN.com. Philly is also intent on preserving the roster spot for the sake of grooming younger relievers, according to Stark.
- The Reds will decide whether to sign free-agent reliever Jason Isringhausen after watching him throw a bullpen session on Monday in Arizona, tweets John Fay of the Cincinnati Enquirer. Isringhausen signed a minor-league deal with the Reds last July but did not appear in any games for them. He last appeared in the big leagues with the Rays in June 2009, a stint that ended when he suffered an arm injury that required Tommy John surgery.
- The Orioles remain fairly interested in free-agent pitcher Justin Duchscherer after receiving positive feedback on the right-hander's Friday bullpen session, blogs Roch Kubatko of MASNsports.com.
Reds Notes: Cueto, Volquez
A few notes from the Queen City…
- John Fay of The Cincinnati Enquirer has the breakdown of Johnny Cueto's new contract. The right-hander will earn $3.4MM in 2011, $5.4MM in 2012, $7.4MM in 2013, and $10MM in 2014. A $10MM club option for 2015 can be bought out for $800K.
- GM Walt Jocketty told Fay that the team and Edinson Volquez are still talking about a multi-year contract extension, and that he's confident they'll get at least a one-year deal done before an arbitration hearing (Twitter link). We first heard that the two sides were talking about a deal late last week.
Reds, Cueto Sign Four-Year Extension
The Reds and right-handed pitcher Johnny Cueto signed a four-year contract extension with a club option for 2015, the team announced (on Twitter). The deal is worth $27MM, tweets Enrique Rojas of ESPNDeportes.com.
Cueto was arbitration-eligible, and he and the Reds were about $900,000 apart on their submitted salary figures, per our Arbitration Tracker. The right-hander was seeking $3.9MM, while Cincinnati offered $3MM.
The deal buys out all three years of Cueto's arbitration eligibility, plus one year of potential free agency. Rumors of the Reds and Cueto having preliminary talks about a long-term extension surfaced in early December but were relatively quiet thereafter, as Cincinnati turned its focus on extending Jay Bruce and buying out Joey Votto's three years or arbitration-eligibility.
It's been a busy and expensive offseason after a resurgent 2010 for the Reds, who've committed a combined $151MM in salaries — the majority of which went to Votto, Bruce and Cueto — tweets Fay. Edinson Volquez remains unsigned after he and the Reds exchanged arbitration figures.
The 24-year-old Cueto posted a 3.64 ERA with 6.7 K/9 and 2.7 BB/9 in 185 2/3 innings last year. He has started at least 30 games for three consecutive seasons and has career marks of 7.3 K/9, 3.1 BB/9 and a 4.27 ERA.
Quick Hits: Yankees, Bradley, Padres, Teheran
What a day for outfielders. Johnny Damon and Manny Ramirez went to the Rays, Vernon Wells went to the Angels, Vladimir Guerrero could be going to the Orioles and maybe the greatest outfielder of all time went to a New York City public school.
Some news items on a busy Friday in the majors…
- Yankee fans, be warned: SI's Tom Verducci looks at how Mark Teixeira could be headed for a decline.
- The Yankees could probably afford to sign Albert Pujols as a free agent next winter, but Mike Axisa of the River Avenue Blues blog points to Teixeira's presence and the albatross of Alex Rodriguez's giant contract as reasons why Pujols just doesn't fit in the Bronx.
- Geoff Baker and Larry Stone of the Seattle Times agree that a split between Milton Bradley and the Mariners would be beneficial to both the player and the team.
- Jed Hoyer and Bud Black predict the Padres' offense won't suffer much of a dropoff without Adrian Gonzalez, reports MLB.com's Corey Brock. "I think our offense has the potential to be as good as last year," Hoyer said. "We lost our clear best player [Gonzalez], but we have better balance. The positions we were weak last year, we're better at now."
- MLB.com's Mark Bowman profiles Julio Teheran, a 19-year-old right-hander and non-roster invitee to the Braves' Spring Training camp who has drawn comparisons to Pedro Martinez.
- The Reds wanted to bring back Arthur Rhodes, but the Rangers' willingness to give Rhodes a vesting option for 2012 was an offer Cincinnati just couldn't match, says MLB.com's Mark Sheldon as part of a reader mailbag.
Reds, Volquez Discussing Extension
The Reds have locked up Bronson Arroyo, Jay Bruce, Joey Votto and Johnny Cueto this offseason, but they may not be done yet. They are discussing the possibility of extending Edinson Volquez, according to John Fay of the Cincinnati Enquirer.
“We’re looking at both — one-year and multi-year,” GM Walt Jocketty told Fay. “We’re hopeful that we’ll get something done.”
Volquez, 27, posted a 4.31 ERA with 9.6 K/9 and 5.0 BB/9 in 62 2/3 innings last year. He has made just 21 starts since his breakout 2008 season because he underwent Tommy John surgery on his right elbow in 2009.
Volquez filed at $2MM and the Reds countered with a $1.3MM proposal earlier in the week. The right-hander is the team's lone remaining unsigned arbitration eligible player. Volquez is arbitration eligible for the first time and on track to hit free agency after the 2013 season if the Reds don't extend him.
Click here to read Howard Megdal's examination of the trade that sent Josh Hamilton to Texas for Volquez.
Quick Hits: Bradley, Reds, Perez, Yankees
On this date in 2010, Bengie Molina signed a one-year deal with San Francisco. The Giants sent the backstop to their eventual World Series opponents once Buster Posey forced his way into an everyday role. Now, Molina is the lone noteworthy free agent catcher remaining and he's without an obvious suitor. Here's the latest from around the major leagues…
- Mariners GM Jack Zduriencik told MLB.com's Greg Johns that he is aware that Milton Bradley was arrested and is monitoring the situation as he awaits more information.
- A baseball insider tells John Fay of the Cincinnati Enquirer that the Reds can't afford a $20MM player. That could make it difficult for the club to retain Joey Votto and Jay Bruce when their current extensions expire.
- Enrique Rojas of ESPNDeportes.com hears that Odalis Perez is nearing a $300K deal with a Korean team (Twitter link). The 32-year-old left-hander last appeared in the majors for the 2008 Nationals, when he posted a 4.34 ERA with 6.7 K/9 and 3.1 BB/9 in 159 2/3 innings.
- The Yankees appear to be focused on Andruw Jones, but Ken Rosenthal of FOX Sports suggests it's too early to rule them out on another Scott Boras client, Johnny Damon (Twitter link).
Contract Details: Votto, Saito, Thome, Bloomquist
Updates to a few recently completed contracts…
- John Fay of The Cincinnati Enquirer has the breakdown of Joey Votto's new contact with the Reds. The reigning NL MVP will earn $5.5MM in 2011 and $9.5MM in 2012 before jumping up to $17MM in 2013. His $6MM signing bonus will be paid out between now and 2014.
- MLB.com's Adam McCalvy reports that Takashi Saito has a clause in his contract stipulating that the Brewers must release him after the 2011 season. That prevents the team from offering him arbitration if he qualifies as a Type-A free agent.
- Jim Thome's deal with the Twins includes a boatload of incentives, reports Joe Christensen of The Star Triibune. The slugger will earn $200K for 200 plate appearances, and $300K each for 300, 350, and 400 plate appearances.
- Jack Magruder of FOXSportsArizona.com tweets that Willie Bloomquist's contract with the Diamondbacks will pay him $900K in 2011. It also includes a mutual option for 2012 worth $1.1MM.
- MLB.com's Jordan Bastian tweets that Austin Kearns' contract with the Indians contains incentives tied to plate appearances. He'll earn $50K each for 400, 425, 475, and 500 plate appearances.
- ESPN's Jayson Stark put together a list of the offseason's most creative contract clauses.
Arbitration Figures: Tuesday
Today is the deadline for players and teams to submit arbitration figures. Let's keep track of those figures here, with the latest updates on top. You can track all of the players that avoided arbitration today here.
- MLB.com's Jane Lee tweets that Craig Breslow filed for $1.55MM, but the Athletics countered with $1.15MM.
- Zachary Levine of The Houston Chronicle has some figures for the Astros. Wandy Rodriguez filed for $10.25MM, Hunter Pence for $6.9MM. The team countered with $8MM and $5.15MM, respectively.
- Bob Dutton of The Kansas City Star tweets that Billy Butler filed for $4.3MM while the Royals countered with $3.4MM.
- Hank Schulman of The San Francisco Chronicle tweets that Javier Lopez filed for $2.875MM and Andres Torres for $2.6MM (Twitter link). The Giants countered with $2MM and $1.8MM, respectively.
Players To Avoid Arbitration: Tuesday
Today is the deadline for players and teams to submit arbitration figures. The sides will then settle on a salary between the team's proposed number and the player's proposed number or go to an arbitration hearing. Arbitration eligible players are under team control, so the clubs don't risk losing them – it's a question of how much the players will earn.
Yesterday, 11 players avoided arbitration. We could see just as many agreements trickle in today and we'll keep you posted on them right here and with our Arb Tracker. The latest updates will be at the top of the post:
- The Angels have agreed to terms with Reggie Willits and Howie Kendrick, tweets Bill Shaikin of The Los Angeles Times. Bill Plunkett of The Orange County Register tweets that Kendrick will earn $3.3MM, Willits $775K (on Twitter).
- The Giants agreed to terms with Santiago Casilla on a one-year deal worth $1.3MM with incentives, according to ESPN Deportes' Enrique Rojas (on Twitter). The team also announced that they avoided arb with Jonathan Sanchez and Ramon Ramirez (on Twitter). Sanchez will earn $4.8MM with incentives tweets Hank Schulman of The San Francisco Chronicle while Ramirez will earn $1.65MM according to Janie McCauley of The Canadian Press.
- The Braves agreed to terms with Peter Moylan and Eric O'Flaherty, according to MLB.com's Mark Bowman (on Twitter). Moylan gets $2MM, O'Flaherty gets $895K according to Dave O'Brien of The Atlanta Journal-Constitution (on Twitter).
- The Mariners agreed to terms with Brandon League, David Aardsma and Jason Vargas, the team announced. Aardsma will earn $4.5MM with plenty of incentives, according to Geoff Baker of the Seattle Times (plus Twitter link).
- The Rangers agreed to terms with C.J. Wilson and Nelson Cruz, according to MLB.com's T.R. Sullivan (Twitter links). Cruz gets $3.65MM, and Wilson gets $7.05MM with a chance to earn another $100K according to his agent Bob Garber, via email.
Votto, Lozano Make Smart Deal
Joey Votto has nothing to lose. He and agent Dan Lozano avoided arbitration and worked out a deal with the Reds that's worth $38MM in guaranteed money. And Votto doesn't hit free agency a minute later than he was originally scheduled to. Cincinnati gets cost certainty, but no free agent years and no visible discount. One agent says the Reds took on all the risk.
"The team paid him as if he was going to be a .350-40-120 player the next two years" the agent said. "Had the team gone year to year to protect against diminished productivity or injury, would they have ever had to pay him more money than $38MM over three years?"
Recent history says the answer is no. Votto will earn more over the course of his first three arbitration years than Miguel Cabrera ($33.7MM), Albert Pujols ($32MM), Mark Teixeira ($27.9MM) or Justin Morneau ($22.5MM) did. Votto's money is now guaranteed, so the 2010 NL MVP will be cashing his checks even if he has an off-year or gets injured.
Ryan Howard ($44MM) is the one first baseman who earned more than $38MM for his first three arbitration seasons. The Phillies slugger pocketed $44MM for that chunk of his career, but one MLB insider says Howard set himself up for a bigger payday than Votto by posting better power numbers in his pre-arbitration seasons.
"Where Howard beats him is in terms of home runs," MLBTR's source said. "He had 129 to Votto’s 90. And Howard had 353 RBI to Votto’s 298. Qualitatively in terms of their rates with batting average and on-base plus slugging, they’re very, very close. The difference really is the home runs and the RBI."
The gap in power numbers would likely have been enough to keep Votto's 2011 salary in the $7-8MM range on a one-year deal. In other words, Pujols, Cabrera and Teixeira were attainable targets for Votto, but he wasn't going to approach Ryan Howard money in his three arbitration years.
This isn't to say that Reds GM Walt Jocketty was wrong to lock up his first baseman. The 2010 Sporting News Executive of the Year could look back on this deal as one that saved him money. His eight-year extension with Pujols and Lozano worked tremendously well, but that deal bought out five of Pujols' free agent seasons.
This time the Reds guaranteed Votto more than fellow-MVPs Pujols and Morneau without obtaining the rights to any of his free agent seasons. The team gets cost certainty, but they are not getting a discount. Lozano and Votto secured a massive win that guarantees the first baseman more than most of his peers and allows him to hit free agency as a 30-year-old.