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Players Added To The 40-Man Roster

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As detailed earlier this morning at MLBTR, the deadline for Major League clubs to add players to the 40-man roster in order to protect them from next month’s Rule 5 Draft is tonight. Because of that, there will be literally dozens of moves between now and 8pm ET as teams make final determinations on who to protect and who to risk losing in next month’s Rule 5 draft. This process will lead to smaller-scale trades, waiver claims and DFAs, but for some clubs the only necessary moves will simply be to select the contracts of the prospects they wish to place on the 40-man roster. We’ll track those such moves in this post…

Click to check in on other teams that have selected players to their 40-man rosters …

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Morosi’s Latest: Rangers, Cards, Rockies, Phillies

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A few early morning free agent rumors from Jon Morosi of MLB.com…

  • The Rangers “have had preliminary contact” with right-hander Alex Cobb’s representatives, Morosi writes. Jeff Wilson of the Fort Worth Star-Telegram reported earlier this month that the starter-needy Rangers covet Cobb, one of the top hurlers on the open market. Cobb returned in earnest from 2015 Tommy John surgery last season to turn in a career-best 179 1/3 innings of 3.66 ERA pitching, with 6.42 K/9, 2.21 BB/9 and a 47.8 percent groundball rate.
  • The Cardinals and Rockies are among teams with interest in reliever Brandon Kintzler, whose experience as a closer has executives wondering if a club will sign him to handle that role, according to Morosi. Both the Cardinals and Rockies need more than ninth-inning help, as each team has seen multiple key relievers hit free agency this month. The 33-year-old Kintzler has overcome a paucity of strikeouts to ride a low-walk, high-grounder combination to success throughout his career, including in a 2017 campaign that saw the righty amass a career-high 29 saves between Minnesota and Washington (28 with the Twins).
  • The Phillies are one of the teams eyeing left-hander Jake McGee, reports Morosi, who notes that the reliever was once teammates with new Philadelphia skipper Gabe Kapler in Tampa Bay. With Colorado in 2017, McGee, 31, posted a 3.61 ERA and logged 9.1 K/9, 2.51 BB/9 and a 40.5 percent grounder rate over 57 1/3 innings. Along the way, he was effective against both righty- and lefty-swingers, the latter of whom had their way against Phillies relievers (.270/.347/.459).

All 9 Recipients Reject Qualifying Offer

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THURSDAY: Officially, all nine players have rejected their qualifying offers and become free agents, the MLBPA has announced (h/t Bill Shaikin of the Los Angeles Times, on Twitter).

MONDAY: All nine of the free agents that received a one-year, $17.4MM qualifying offer will reject that offer in favor of free agency, Jon Heyman of FanRag Sports writes. Each of Eric Hosmer, Mike Moustakas, Lorenzo Cain, Jake Arrieta, Wade Davis, Lance Lynn, Alex Cobb, Greg Holland and Carlos Santana will turn down that one-year opportunity in search of a multi-year pact in free agency.

In doing so, that group of nine will also subject themselves to draft-pick compensation and position their former clubs to recoup some value in next year’s amateur draft should they sign elsewhere. Last offseason’s new collective bargaining agreement altered the specifics of that compensation, tying the draft picks received and surrendered largely to the luxury tax threshold, revenue sharing and the size of the contract signed by the free agent in question.

MLBTR’s Tim Dierkes explained which draft picks each of the six teams that issued a qualifying offer would receive, should their free agents sign elsewhere, as well as which picks all 30 teams would be required to surrender if they are to sign a qualified free agent. Prior to that, MLBTR’s Mark Polishuk provided a more comprehensive and in-depth overview of the new QO system, for those that are unfamiliar or would like a refresher on the finer details.

It’s been reported for quite some time that Kansas City will make a strong effort to retain Hosmer. Heyman added over the weekend that the Royals will also push to keep Moustakas but feel that Cain is almost certain to land elsewhere on the open market. The Rockies are known to have interest in re-upping with Holland on a multi-year deal, and Heyman notes within today’s column that the Rays “understand [Cobb] is out of their reach financially” and will sign elsewhere. He also adds that Davis seems to be likelier than Arrieta to return to Chicago.

It’s unlikely that there will be any formal announcements just yet. Among the changes to the QO system under the 2017-21 CBA was that QO recipients would have 10 days, rather than seven, to determine whether to accept or reject the offer. The deadline to issue QOs was last Monday, so the recipients still technically have until this coming Thursday to formally declare their intention. But, barring a last-minute freak injury it seems that each of the nine will go the widely expected route and enter free agency in search of the most substantial contracts in their respective careers.

NL West Notes: Padres, Hosmer, Alcides, Rockies Pen, Dodgers

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The Padres have at least held some internal chats about the possibility of pursuing first baseman Eric Hosmer, Ken Rosenthal of The Athletic reports. That mostly serves to illustrate how wide open things are at this stage of the offseason, Rosenthal suggests, and there’s little reason at present to view the Pads as a serious suitor. Nevertheless, it seems reasonably notable to hear of the connection. For one thing, it suggests that San Diego GM A.J. Preller is amenable to moving Wil Myers back to the outfield in some circumstances; for another, it hints that the club may be willing to lay out some real cash if an appealing opportunity arises.

Here’s more from out west:

  • Perhaps another former K.C. standout would be a more achievable target for the Padres. According to Jon Heyman of Fan Rag, the team is looking for a “stopgap” at short, with Alcides Escobar among the possibilities. While short would appear to be the natural area for the team to make a more significant investment, Heyman says there’s a belief that top prospect Fernando Tatis Jr. could make it to the majors as soon as late 2018. It does seem fair to consider, though, that a few factors might conceivably leave San Diego looking to make a more significant acquisition up the middle. For one thing, Tatis barely reached the Double-A level last year and won’t turn 19 until January. For another, the Friars could still consider adding a quality shortstop that could be moved elsewhere on the diamond if and when Tatis forces his way up.
  • Rockies GM Jeff Bridich discussed his team’s offseason plans yesterday with reporters including MLB.com’s Thomas Harding and AJ Cassavell. Understandably enough, the focus was on the bullpen. While Bridich said the club is hoping its young relievers can “either retain roles or step up into new roles,” he acknowledged that outside acquisitions will be needed. Outgoing closer Greg Holland is certainly one possibility, says Bridich, but he says that his front office staff is “keeping our eyes and earns open to just about everything.”
  • Dylan Hernandez of the Los Angeles Times discusses the Dodgers’ potential pitch for Japanese star Shohei Ohtani. While Ohtani’s two-way aspirations may seemingly make him a better fit for a smaller-market team in the American League — an organization, that is, that’s more willing and better situated to allow him to attempt the difficult task of both pitching and hitting at the game’s highest level — Hernandez posits that the Dodgers can offer as much and more. The Los Angeles front office will no doubt cook up some interesting possibilities for maximizing Ohtani’s abilities, suggests Hernandez, with the club’s immense rotation depth helping to make it possible.

Offseason Outlook: Colorado Rockies

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MLBTR is publishing Offseason Outlooks for all 30 teams.  Click here to read the other entries in this series.

The Rockies made their triumphant return to the postseason, but bowed out after dropping the Wild Card play-in game. Overcoming the Dodgers in the NL West will be a tall order, and the Rox face several roster questions.

Guaranteed Contracts

  • Ian Desmond, 1B/OF: $62MM through 2021 (includes buyout of club option for 2022)
  • Nolan Arenado, 3B: $17.75MM through 2018 (also controllable via arbitration in 2019)
  • Mike Dunn, RP: $15MM through 2019 (includes buyout of club option for 2020)
  • Gerardo Parra, OF: $10MM through 2018
  • Adam Ottavino, RP: $7MM through 2018

Options

Arbitration-Eligible Players (service time in parentheses; projections via MLBTR & Matt Swartz)

Free Agents

[Colorado Rockies Depth Chart; Colorado Rockies Payroll]

There are some needs here, but also some resources. Colorado’s payroll has ramped up rather noticeably in the past three seasons, going from $97MM to $112MM and then up to $127MM. As things stand, the team’s 2018 guarantees plus anticipated arb costs add up to about $90MM. Thus, even if there’s no further boost — that’s still unclear — GM Jeff Bridich could have nearly $40MM of open payroll to play around with.

Where, then, do the needs lie? The most noticeable hole, perhaps, is at the back of the bullpen. Greg Holland proved a worthwhile free agent acquisition last winter, though incentives drove his one-year cost up to a healthy $15MM (from an initial $6MM salary). He gave up the chance at another $15MM payday and is expected to decline a $17.4MM qualifying offer, preferring instead to return to free agency. With live-armed lefty Jake McGee and midseason acquisition Pat Neshek also reaching the open market, the Rox will lose a large portion of the their late-inning firepower.

Aug 18, 2017; Denver, CO, USA; Colorado Rockies catcher Jonathan Lucroy (21) and relief pitcher Greg Holland (56) celebrate the win over the at Coors Field. Mandatory Credit: Ron Chenoy-USA TODAY Sports

Colorado could pursue some or all of its own free agents, and perhaps it’s reasonable to anticipate that to a point. It certainly seems that both Holland and the team are fond of one another, but he’s going to cost a bundle and comes with all the risks one might imagine would accompany a soon-to-be 32-year-old reliever that recently underwent elbow surgery. The Rockies have a few power arms on hand, including Adam Ottavino and youngsters such as Carlos Estevez, but it’s difficult to imagine any being entrusted with the ninth inning. If Holland can’t be had, then, it’s possible to imagine Bridich checking into the trade market or shopping from among a variety of late-inning arms. Some free-agent hurlers have significant closing experience, such as Addison Reed and Steve Cishek, while others have arguably shown enough to deserve such an opportunity. Among the interesting names on the market are the veteran control artist Neshek, former Rockies hurler Juan Nicasio, and Brandon Morrow. Even if the club lands a big closer, it could consider those and other options as it seeks additional setup options. The team has two southpaws with Mike Dunn and Chris Rusin, but another righty late-inning arm would be welcome.

The fact that there are some openings shouldn’t be read as a suggestion that the pitching staff isn’t in a good place. In fact, the rotation looks solid enough that it could distribute some spare arms to the ’pen if the team enjoys good health fortune. Though Tyler Chatwood is on his way out, the Rockies have compiled a group of solid hurlers behind staff ace Jon Gray. German Marquez and Kyle Freeland, and Chad Bettis are all but certainties for rotation spots so long as they are healthy. Antonio Senzatela and Jeff Hoffman faded late, while Tyler Anderson struggled early and closed strong, but all three could compete for the final job out of camp. Those that fall shy will bolster the relief corps or remains stretched out at Triple-A for depth. It’s conceivable that the Rockies could add another veteran pitcher to this mix, but hardly necessary; it’s more likely, perhaps, that the club will sign a swingman type for the pen and/or add a veteran or two on low-commitment minors deals.

One way to squeeze value out of an existing pitching staff is to improve the catching situation, and that figures to be an area of focus for Colorado. Tony Wolters slid offensively last year, while Tom Murphy struggled through an injury-limited campaign. Mid-season acquisition Jonathan Lucroy shored things up once he arrived and looks to be a strong candidate for a return. Lucroy is already 31 years of age and comes with some questions after lagging at the plate and in the framing department in the first half of 2017. But he has been one of the game’s best receivers for some time now and rebounded upon his arrival in Colorado. Now, he’s a known quantity who would fill a clear need. Other open-market options include Alex Avila and Welington Castillo.

Otherwise, half of the lineup is fixed. Third baseman Nolan Arenado, shortstop Trevor Story, second baseman DJ LeMahieu, and center fielder Charlie Blackmon are all everyday players. The only offseason questions facing this group relate to the possibility of new contracts. Blackmon and LeMahieu are each entering their walk years, while Arenado is just one season behind them. It’s possible to imagine the Rockies exploring long-term arrangements with any of these players, but getting something done will likely require an uncomfortable contractual commitment — especially with Arenado and Blackmon, who are among the very most productive players in the game. The former is still just 26 and could reasonably point to the Giancarlo Stanton extension as a comp; the latter is already 31, thus limiting his contractual upside, but could legitimately seek a four-year promise at a premium rate of pay to forego a shot at free agency. Story, meanwhile, seems safe in his job for now but doesn’t look like an extension candidate at this point given his strikeout problems and the presence of the fast-rising Brendan Rodgers.

That brings us to the potential moving parts on the position-player side of things: first base, the corner outfield, and the bench. There are options here, though it’s also possible the Rockies will take a fairly simple path to rounding things out.

Ian Desmond was supposed to slot in at first last year, a quizzical decision from the start that only looked worse as the season wore on. Desmond struggled at the plate upon returning from injury and ultimately ceded first base to Mark Reynolds, who is now again a free agent. Ultimately, Desmond played mostly in the corner outfield, and it seems likely the versatile veteran will be penciled in there to open the year. Colorado can do little but hope that he follows the path of Gerardo Parra, who surged after a disappointing first season after joining the club as a free agent. Those two could serve to occupy a major portion of the time flanking Blackmon. Meanwhile, the Rockies have a slate of other outfield possibilities on hand. Left-handed hitters Raimel Tapia, Mike Tauchman, and David Dahl are all on the 40-man. Each has shown quite a bit of promise at times but also comes with questions of varying kind and degree. The righty-swinging Noel Cuevas was also just placed on the 40-man and could compete for a job.

Put it all together, and it’s certainly possible that the Rockies already have compiled their outfield unit. Viewed that way, the offseason path is simple: salute former star Carlos Gonzalez on his way out the door and think about a plan to account for the loss of first baseman Mark Reynolds, who provided sufficient production at a bargain rate in 2017. With Pat Valaika on hand to function as a utility option, there really isn’t much to do but settle first base.

At first, there are a multitude of options. Colorado could plan to rely upon youngster Ryan McMahon, who has little to prove at Triple-A. (He has also spent time at second and third, which increases his roster utility now and in the future.) The lefty hitter might be complemented with a right-handed-hitting addition, which could come in the person of Reynolds. Despite tallying thirty home runs, it is worth noting that the 34-year-old’s overall batting productivity remained in the realm of league average, as it has been for most of the past six seasons. With quite a few other slugger types floating around in free agency, Reynolds likely won’t require a major outlay to bring back. Alternatively, the club could look to players such as Mike Napoli or Danny Valencia to join McMahon.

That is the most straightforward and cost-effective way for things to go, but hardly the only one. It’s plenty arguable that the Rockies can and should pursue a more aggressive approach — particularly with an imposing Dodgers team still dominating the division. Colorado pursued Jose Abreu as a free agent and might see a lot to like in his contractual rights. Abreu is one of the game’s better hitters; while he’s not cheap with a projected $17.9MM arbitration salary in his second-to-last arb year, that’s a cost level that won’t break the bank. And the Rockies likely have sufficient prospect depth to entice the White Sox without bankrupting their future. You can probably squint and see high-priced free agent Eric Hosmer as a fit here, particularly given Colorado’s track record of seeking reputed high-character types, and free agency also comes with a variety of other quality first basemen (most notably, the switch-hitting Carlos Santana). Conceivably, the Rockies could also even revert to their original plans with Desmond, putting him in some sort of first base/super-utility role while adding a bigger corner outfield piece instead of a first baseman.

It’s possible to imagine quite a few scenarios, really. Investing in a veteran position player, for instance, might free the Rockies to utilize young position-player assets to acquire a quality young reliever. It’s an exciting time to be a Rockies fan — though that also means expectations will be high for Bridich and his staff.

Photo courtesy of USA Today Sports Images.

Free Agent Rumors: Holland, Bruce, LoMo, Hosmer, Morrow, Ichiro

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Though Greg Holland turned down his $15MM player option and will also reject his $17.4MM qualifying offer, it’s not yet a foregone conclusion that his Denver days are in the past, writes FanRag’s Jon Heyman. The Rockies “believe that Holland is the right leader” for their young pitching staff and will seek to re-sign him to a more lucrative multi-year offer, per Heyman. They will, of course, face a fair bit of competition in that pursuit. Heyman lists the Cubs and Cardinals as teams that will possibly be in the market for Holland this offseason as well.

A few more early notes on the free agent market…

  • Jay Bruce’s camp is reportedly setting its sights high and asking for a five-year deal worth $80-90MM, ESPN’s Jerry Crasnick reported yesterday. High asking price notwithstanding, Heyman reports today in his weekly notes column that the Blue Jays, Giants, Mariners and Cardinals are four potential landing spots for Bruce in free agency. Heyman notes that Bruce should be able to comfortably land a three-year commitment that could price him out of the comfort zones of the Mets and the Indians.
  • Free agent first baseman Logan Morrison told Jon Morosi and Jim Duquette in an appearance on MLB Network Radio on SiriusXM today that playing for his hometown Royals “would be a dream come true.” (Twitter link, with audio) Morrison fondly recalls trips to Kauffman Stadium with his father as a child and says it would be “amazing” to be able to have his grandmother come to the park and watch him play regularly in 2018. “All of that stuff would be fun,” said Morrison, “but we’ll see what happens.” The 30-year-old Morrison, meanwhile, hit .246/.353/.516 with a career-high 38 home runs in a breakout campaign with Tampa Bay this past season. Despite that huge year, he didn’t receive a qualifying offer from the Rays and therefore won’t be tied to draft pick compensation. Kansas City will have a void at first base if Eric Hosmer leaves elsewhere, though Heyman notes in the aforementioned notes column that Hosmer is still the Royals’ top priority (at least among their own impending free agents). If he signs elsewhere, the Royals would recoup a draft pick — likely at the end of the first round.
  • Right-hander Brandon Morrow also appeared on MLB Network Radio today, stating that “all things being equal,” he’d prefer to return to the Dodgers (Twitter link, with audio). Morrow specified that at age 33, he’d prefer to sign with a contending team, noting that he doesn’t necessarily care about pitching as a closer versus pitching in a setup capacity. Morrow raved about the young talent and clubhouse on the Dodgers, noting that the team is poised to be a contender for years to come — a highly appealing factor to him (and other free agents). Though perhaps we shouldn’t read too much into his comments, Morrow did note that “to be able to hopefully in that for three to four years … it’s definitely an attractive situation.” Morrow does indeed seem to have a strong case for a multi-year deal after a return to prominence in L.A. this past season. We pegged him for a three-year, $24MM contract on last week’s ranking of the game’s top 50 free agents.
  • Susan Slusser of the San Francisco Chronicle reports that Ichiro Suzuki’s agent, John Boggs, has already reached out to the Athletics to try to pitch his client’s services. Slusser the chat between the two sides as “brief,” noting that it was based on Ichiro’s relationship with A’s manager Bob Melvin, who managed Ichiro more than a decade ago. There does not appear to be a fit, she notes, though Boggs tells Slusser that Ichiro “has the ultimate desire to play” in 2018. Heyman noted in the aforementioned notes column that the Marlins did not make an offer to the 44-year-old Ichiro before declining his $2MM option.

Examining Draft Pick Compensation For The 6 Teams That Could Lose Qualified Free Agents

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Six different teams made qualifying offers to free agents this winter.  Assuming the nine players turn down the one-year, $17.4MM offer, here’s what each of those teams stands to gain in draft pick compensation.

[Related: Offseason Primer: The New Qualifying Offer Rules]

Cubs

The Cubs made qualifying offers to right-handers Jake Arrieta and Wade Davis.  The Cubs were neither a revenue sharing recipient nor a competitive balance tax payor.  Therefore, regardless of the size of the contracts Arrieta and Davis sign, the Cubs will receive draft pick compensation after Competitive Balance Round B, which takes place after the second round.

Cardinals

The Cardinals made a qualifying offer to starter Lance Lynn.  Like the Cubs, they were neither a revenue sharing recipient nor a competitive balance tax payor.  Regardless of the amount Lynn signs for, the Cardinals will receive draft pick compensation after Competitive Balance Round B.

Royals

The Royals made qualifying offers to center fielder Lorenzo Cain, first baseman Eric Hosmer, and third baseman Mike Moustakas.  The Royals were a revenue sharing recipient.  If any of their three free agents sign for a guarantee of $50MM or more, the Royals get draft pick compensation after the first round.  For any of the three that signs for less than $50MM, the Royals get draft pick compensation after Comp Round B.  MLBTR projects all three players to sign for well over $50MM, so the Royals should have a very favorable draft pool in 2018, potentially adding three picks in the top 35 or so if all three sign elsewhere.

Rays

The Rays made a qualifying offer to right-hander Alex Cobb.  They were a revenue sharing recipient and are subject to the same rules as the Royals, Rockies, and Indians.  However, Cobb is a borderline free agent when it comes to a $50MM contract, in our estimation.  The team will be rooting for him to reach that threshold, as the Rays would then net a compensatory pick after the first round.  If Cobb falls shy of that total guarantee, the Rays will receive an extra pick after Comp Round B.

Rockies

The Rockies made a qualifying offer to closer Greg Holland.  They were a revenue sharing recipient and are subject to the same rules as the Royals, Rays, and Indians.  Holland, too, is a borderline $50MM free agent, though he certainly figures to aim higher than that in the early stages of free agency.  If he reaches $50MM+, the Rox will get a pick after the first round.  If not, they’ll receive a pick after Comp Round B.

Indians

The Indians made a qualifying offer to first baseman Carlos Santana.  They were a revenue sharing recipient and are subject to the same rules as the Royals, Rays, and Rockies.  Santana is another borderline $50MM free agent in our estimation, but it’s certainly possible he clears that threshold and nets Cleveland a pick after the first round.

So, the Cubs and Cardinals already know where their draft-pick compensation will land if their qualified free agents sign elsewhere: after Competitive Balance Round B, which currently starts with pick No. 76.  The Royals, Rays, Rockies, and Indians will all be rooting for their free agents to sign for at least $50MM, granting them compensation after the first round, which begins with pick No. 31.

Minor MLB Transactions: 11/7/17

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After a busy transactional day yesterday, let’s catch up on some of the latest minor moves:

  • Catcher Bryan Holaday and outfielder Alex Presley have elected free agency from the Tigers, Evan Woodberry of MLive.com reports on Twitter. Each of the veterans was outrighted recently, though Woodberry hints that Detroit has interest in bringing both back on minors deals. Holaday will enter the pool of catchers that are looking for opportunities to compete for reserve jobs in camp. The 32-year-old Presley should also draw attention from other organizations; he turned in 264 plate appearances of .314/.354/.416 hitting in 2017.
  • The Rockies selected the contract of outfielder Noel Cuevas, per a club announcement. Acquired from the division-rival Dodgers in the trade that sent Juan Nicasio to Los Angeles, Cuevas blossomed at Triple-A Alburquerque in 2017. Across 528 plate appearances, he posted a .312/.353/.487 slash with 15 long balls and 16 steals.
  • Two players were also added to the Yankees 40-man roster, the club announced. Outfielder Jake Cave is one of them; the one-time Rule 5 pick won’t be eligible for the draft again this year. He turned in a compelling season in the upper minors, including a robust .324/.367/.554 batting line with 15 long balls in 297 Triple-A plate appearances. Joining him is righty Nick Rumbelow, who returned from Tommy John surgery with aplomb last year. Over 40 1/3 innings, he allowed just five earned runs on 21 hits while racking up a 45:11 K/BB ratio.
  • The Indians selected the contract of Eric Haase, per the MLB.com transactions page. The 24-year-old backstop knocked around Double-A pitching to the tune of a .258/.349/.574 batting line and 26 homers through 381 plate appearances.
  • Cuban catcher Lorenzo Quintana is joining the Astros for a $200K bonus, per MLB.com’s Jesse Sanchez (via Twitter). The 28-year-old is not subject to international signing restrictions. Quintana was long one of the most productive receivers in Cuba’s Serie Nacional, carrying a lifetime .310/.377/.438 batting line, but he last played there in the 2014-15 season.

Rockies Decline Club Option Over Alexi Amarista

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The Rockies have declined their $2.5MM club option over utility infielder Alexi Amarista, reports MLB.com’s Thomas Harding. Amarista will receive a $150K buyout and head back into the free-agent market this winter. Harding also notes that Greg Holland’s player option has now been formally declined — an outcome that had been previously reported upon.

Amarista inked a one-year pact with the Rox last winter after spending the majority of his career with the division-rival Padres. Amarista’s role in Colorado was a limited one, as he appeared in just 96 games and totaled 176 plate appearances. While he gave first-year Rox skipper Bud Black some versatility on the defensive end of the spectrum — Amarista saw time at second base, shortstop, third base and in all three outfield spots — the 28-year-old wasn’t able to provide any value at the plate.

In his 176 PAs, Amarista batted just .238/.269/.351 with three homers and 10 doubles. Defensive versatility with questionable offensive output has been the norm for Amarista throughout his career, however. In parts of seven big league seasons, he’s a career .231/.275/.323 hitter in 1901 plate appearances. He’ll likely draw interest from clubs looking to add veteran depth options that can compete for a bench spot next spring, but his struggles at the plate in one of the game’s premier offensive environments make it likely that Amarista will have to settle for a minor league deal this time around.

Greg Holland Declines Player Option

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NOV. 6: Holland has formally declined his option, reports MLB.com’s Thomas Harding. The Rockies are expected to attempt to re-sign him to a multi-year pact, per Harding, and a $17.4MM qualifying offer is a virtual certainty. (Holland already rejected a one-year deal at $15MM by declining his option, after all.)

OCT. 12: Rockies closer Greg Holland will decline his $15MM player option and re-enter the free agent market in search of a more lucrative multi-year deal, reports FanRag’s Jon Heyman.

Once the option is formally declined, the Rockies will have the opportunity to make Holland a qualifying offer of a $17.4MM. Presumably, Holland will again reject that figure, thus setting up the Rox to recoup some draft pick compensation if he ultimately signs elsewhere.

Greg Holland | Isaiah J. Downing-USA TODAY Sports

This decision from Holland was largely expected, though his shaky second half at least created a marginal sense of doubt after an opt-out looked to be a virtual lock as late into the season as the non-waiver trade deadline. Set to turn 32 this offseason, Holland posted a brilliant 1.56 ERA through 40 1/3 innings from Opening Day to Aug. 4, but he limped to the finish line with a ghastly 8.47 ERA in his final 17 regular-season innings before serving up another pair of runs in the NL Wild Card game. In his defense, he did pitch quite well in September; the damage was primarily confined to one abysmal eight-game stretch in August.

Holland was legitimately dominant for the season’s first couple of months, although as Fangraphs’ Dave Cameron pointed out during his August swoon, there were red flags about his performance long before his ERA eventually reflected a decline. Holland’s velocity dipped partway through the season (though it did bounce back even in the midst of his ugly finish), and he began to struggle with his control as early on as June. Not only was Holland struggling with walks, but he was also unable to command his fastball within the strike zone, Cameron observed, throwing an abnormal number of middle-middle fastballs.

That said, it’s perhaps not entirely surprising that Holland would fade a bit down the stretch. The 2017 season was his first effort back after missing the entire 2016 campaign while recovering from Tommy John surgery. Agent Scott Boras will undoubtedly chalk some of Holland’s late dip in performance up to that fact, staking the claim that he’ll hold up better now that he’s had a full year to rebuild some arm strength. There’s likely some truth to the argument, though it’s of course nearly impossible to determine how much of Holland’s late struggles are attributable to the surgery.

Even with Holland’s end-of-season woes, though, his overall numbers on the year look solid. He wrapped up the 2017 season with a 3.61 ERA and an impressive 11.0 K/9 mark through 57 1/3 innings. While he averaged 4.1 BB/9, Holland averaged 1.1 HR/9 despite the league-wide uptick in homers and despite playing half his games at Coors Field. Of the seven homers he allowed, five came in that dreadful August slump.

Holland will be hitting the open market at roughly the same age that Mark Melancon did before scoring a then-record-setting four-year, $62MM contract with the Giants. Holland’s late slide and relative proximity to Tommy John surgery could put that contract out of reach, but it’s sure to be a talking point for Boras this offseason when negotiating with interested parties. And even if Holland comes up shy of that sum, it still stands to reason that he’s all but certain to considerably out-earn the one year and $15MM he’s leaving on the table to again test free agency.

[Related: Colorado Rockies depth chart and payroll outlook]

For the Rockies, Holland will be just one of multiple relievers departing for the open market. He’ll be joined by two of the team’s top setup men: lefty Jake McGee and righty Pat Neshek. Beyond that, the Rox also stand to lose right-handed starter Tyler Chatwood to free agency, leaving GM Jeff Bridich no shortage of work to do when it comes to rounding out his team’s pitching staff.

Photo courtesy of USA Today Sports Images.

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