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Gio Gonzalez

The Market Landscape For Gio Gonzalez

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Gio Gonzalez’s first trip through the free-agent process didn’t treat him well this winter, but being a free agent who’s already stretched out in mid-April — he threw 93 pitches in his last Triple-A start with the Yankees — should lead to more interest in the lefty. Clubs throughout the league might have been content to lean on internal options rather than promise a roster spot to Gonzalez over the winter, but injuries and poor performances early in the year have created an abundance of fits, and the market now has few remaining alternatives. Unlike fellow veteran lefty Dallas Keuchel, Gonzalez isn’t attached to a qualifying offer, and he’s pitched recently in a professional setting.

The asking price on Gonzalez isn’t known, but at this point, it’s difficult to imagine it’s especially exorbitant. Gonzalez settled for a minor league deal with the Yankees that came with a $3MM base rate and a hefty $300K per start in terms of incentives. At this point, a mid-range guarantee on a one-year deal that promises him a spot on a big league roster seems like it should be sufficient to sign Gonzalez, and any salary to which he agrees would be pro-rated to exclude the portion of the season that has already been played out anyhow. Put another way, signing Gonzalez to a one-year deal with a pro-rated $5MM base salary would mean adding roughly $4.3MM in spending through season’s end.

In yesterday’s MLBTR chat, it was a bit surprising to see the number of questions centering around Gonzalez. He’s a fine pitcher with an established track record, but the level of interest in him among our reader base was greater than it was at any point throughout the winter. That makes sense in mid-April, though. There are few legitimate upgrades on the free-agent market this time of year — Keuchel is a notable exception but has a much higher asking price — and teams are generally reluctant to make trades at this juncture of the season. If you’re a fan hoping to see your favorite team make even an incremental upgrade in the rotation, Gonzalez is quite possibly the best bet as far as someone who can be ready in short order. Given the general intrigue surrounding him, plus the fact that it’s April 23 and there are minimal transaction/hot stove-related storylines to monitor, the following is a way-too-in-depth look at where Gio Gonzalez could plausibly be expected to sign.

To kick things off, it seems unlikely that Gonzalez’s preference would be to sign with a non-contender. It’s true that Dan Straily recently did just that by signing with the Orioles, but he has a lesser track record and presumably faced a more limited market. Gonzalez has reportedly already drawn interest from a pair of contending clubs, and he likely wants to return to the postseason. It’d be a surprise to see him land with the Orioles, Marlins, Royals, Giants or White Sox. Clubs that entered the season unlikely to contend but have gotten off to solid starts, such as the Tigers, Blue Jays, Diamondbacks and Rangers, are all a bit likelier but still seem somewhat like long shots from here. There’s a case to be made for each of those clubs to take a look, and all have shown some willingness to spend at the levels it might take to land Gio, but a realistic assessment of their chances doesn’t really support an early-season investment.

Modest as Gonzalez’s asking price figures to be, not every team will rush to commit even a few million with the season underway. The Indians barely spent in free agency, and while they’ve lost Mike Clevinger for a couple months, they surely wouldn’t displace any of Corey Kluber, Carlos Carrasco, Trevor Bauer or Shane Bieber for Gonzalez. Pirates ownership is even more averse to spending, and Gonzalez doesn’t represent a clear upgrade over any of the current starting five (based on their early performances, anyhow).

The Cubs’ rotation is already expensive and performing well, and ownership set hard budgetary restrictions over the winter. The Red Sox are looking at 75 percent tax on any dollars spent, and they only expect Nathan Eovaldi to miss six weeks with his recent injury. They’re likely to stay in house.

Other teams are likely content with what they have in house. The Rays don’t have a set five-man rotation, but the trio of Blake Snell, Charlie Morton and Tyler Glasnow is formidable. Yonny Chirinos is something between their fourth starter and the top followup arm to an opener, and the Tampa Bay organization seems content to continue on with that opener tactic rather than adding another conventional starter. The Nationals have the game’s most expensive top four and a respectable fifth starter in Jeremy Hellickson. The Phillies are a bit of a tight fit with Jerad Eickhoff back in action and Nick Pivetta still in the picture.

The Dodgers are already teeming with rotation options and have Clayton Kershaw and Rich Hill back from injury. Out in Colorado, the Rox have finally found a homegrown slate of starters who’ve gotten the job done. Cincinnati has had success with its revamped rotation and will soon welcome Alex Wood back from the IL. The Braves have more young starting pitching options than any team in the game. Over in Houston, it’s tough to Gonzalez as a compelling upgrade, especially with some intriguing young arms stashed in the upper minors. Similarly, it seems doubtful that the Twins would pull the plug on their Martin Perez experiment after all of 12 innings.

More than half the teams in the league seem unlikely to represent a landing spot for Gonzalez, but there are plenty of viable on-paper fits in both the American League and the National League.

The Angels have again been hit hard by injuries, and Gonzalez could easily step in over Chris Stratton. Elsewhere in the division, Oakland’s injury woes date back to 2018, and offseason signee Marco Estrada has already seen his longstanding back issues flare up. De facto fifth starter Aaron Brooks has struggled, too. Perhaps the Mariners shouldn’t be taken as legitimate postseason contenders just yet, but they’re seven games over .500 with baseball’s second-bet run differential. Adding Gonzalez to deepen a rotation that currently contains rookie Erik Swanson and a perhaps fading Felix Hernandez would be a risk-free move that could help maintain their performance to date.

There are several National League contenders that arguably ought to take a hard look. The Padres’ bold plan to cycle through young starters is sure to have its ups and downs throughout a long season; plugging in a durable, well-established veteran holds obvious appeal. In the central division, the Brewers and Cardinals have both seen cracks form in their starting staffs to open the year. The Milwaukee organization, in particular, has a connection to Gonzalez and is already rumored to be in on him now. Also rumored to have interest are the Mets, who are surely thinking of replacing the struggling Jason Vargas.

It’s tough to anticipate any kind of bidding war here. But there are enough clear landing spots to think that Gonzalez may be able to push the price up a bit and command a MLB rotation gig right out of the gates.

Brewers, Mets Showing Initial Interest In Gio Gonzalez

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Now that he’s back on the open market and up to competitive speed, veteran lefty Gio Gonzalez looks to be a fit for several clubs around baseball. The Brewers are among those with interest, per SNY.tv’s Andy Martino, who has previously linked the Mets to the southpaw. The New York organization is said be “inquiring” on Gonzalez, per Matt Ehalt of Yahoo Sports (via Twitter).

Both of those clubs are quite familiar with Gonzalez. He spent the end of the 2018 season in Milwaukee. That followed a lengthy stint with the Nationals, during which time he often faced the Mets.

Gonzalez is obviously past his peak at 33 years of age, but he topped 200 frames with a sub-3.00 ERA as recently as 2017 and is among the game’s most durable hurlers. He was effective in five starts late last year with the Brewers, though his postseason showing did not impress.

Through three starts at Triple-A with the Yankees organization, Gonzalez allowed ten earned runs on 19 hits. At the same time, he compiled a strong 19:6 K/BB ratio. The showing wasn’t sufficient for the Yanks to add him to their roster, but did give other teams a good look.

That these two contenders have interest seems to be a good indication that Gonzalez drew relatively positive scouting reviews. Of course, it’s also a reflection of the states of their pitching staffs. It remains to be seen whether Gonzalez will sign right onto an active roster — and, if so, at what price. His deal with the Yankees included a $3MM base salary and up to $9MM in incentives, making for a rather hefty potential payout for a minors contract.

Yankees Grant Gio Gonzalez His Release

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The Yankees announced that veteran left-hander Gio Gonzalez was not added to the team’s 40-man roster after exercising his opt-out clause over the weekend. The team had 48 hours to add Gonzalez to the roster once he triggered that clause, but he was instead allowed to become a free agent and is now able to sign with any club.

Bringing Gonzalez to the Majors would’ve been a fairly expensive bit of speculation for the Yankees, as the southpaw’s contract contained a $3MM base salary and called for him to earn an additional $300K per start made. With the decision to move on from Gonzalez, the Yankees will rely on James Paxton, Masahiro Tanaka, J.A. Happ, CC Sabathia and Domingo German while awaiting the return of top starter Luis Severino, who is recovering from a lat strain.

Gonzalez, 33, made three starts with the Yankees’ Triple-A affiliate in Scranton before opting out of his contract. Although he was shelled in the season opener (eight runs in four innings), the veteran rebounded with a pair of excellent outings, yielding a combined two runs with an 18-to-2 K/BB ratio in 11 innings. He threw 93 pitches in the most recent of those outings (April 14), so Gonzalez is plenty stretched out and could even be ready to join a big league staff in short order. He was slated to make a fourth appearance over the weekend but had that start rained out.

While Gonzalez found a tepid market for much of the offseason (to put things mildly), he should have no shortage of interested clubs this time around. Many teams have seen their rotation struggle early in the season, with some losing key arms for much (or all) of the season and others having to send younger rotation hopefuls back to the minors. The Brewers, Angels, Mets, Red Sox, Cardinals, Phillies, Athletics, Indians and Twins have all endured varying levels of disappointment from their starting rotations and could conceivably look to the durable Gonzalez as an alternative option.

While the 2018 season certainly wasn’t one of Gonzalez’s best, he topped 170 innings and 30 starts for the eighth time in the past nine seasons, working to a 4.21 ERA with 7.8 K/9 against 4.2 BB/9 along the way. Gonzalez has averaged 31 starts per season dating back to 2010 and hasn’t made fewer than 27 appearances in a given season since that time. As recently as 2017, he notched a 2.96 ERA in 201 innings of work, though he did lead the National League in walks that season. Nevertheless, Gonzalez has regularly been an average or better starter in the Majors for the past decade; that strong track record made it nothing short of bewildering to onlookers that he faced such a seemingly minimal market, but he’ll now venture into free agency for a second time with new representation as he looks to find a quick path back to the Major Leagues.

Mets “Keeping A Close Eye On” Gio Gonzalez

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The Mets again appear to have interest in left-hander Gio Gonzalez, Kevin Kernan of the New York Post writes.  The Mets are “keeping a close eye on” Gonzalez’s situation, as the southpaw opted out of his minor league contract with the Yankees yesterday, creating a 48-hour window for the Yankees to either add Gonzalez to their 25-man roster or release him.

This isn’t the first time that Gonzalez has been on the Mets’ radar screen, as the Amazins considered signing the veteran hurler in the offseason.  Though the Mets and a few other teams were linked to Gonzalez in rumors, the Yankees were “pretty much” the only team to come through with an actual offer, as Gonzalez said last month.  That offer was a non-guaranteed deal that would have paid the left-hander $3MM if he had reached the Yankees’ 25-man roster.  Despite Luis Severino’s injury, the Yankees seemingly haven’t seen the need to utilize Gonzalez in their pitching staff, and thus it seems as though Gonzalez will hit the open market once more.

As much as the free agent market has been increasingly hostile to veteran players, it was still surprising that Gonzalez wasn’t able to land a Major League contract over the winter.  While his peripheral numbers indicated some decline in 2018, the 33-year-old has still been a durable and effective mid-rotation starter for the last nine seasons.  Since the start of the 2010 campaign, Gonzalez has posted a 3.49 ERA, 2.37 K/BB rate, and 8.6 K/9 over 1681 1/3 innings for the A’s, Nationals, and Brewers.

Now that the season has begun, however, Gonzalez may have a better shot at a guaranteed deal since teams suffering from early-season pitching woes may be more amenable to such a contract.  In the Mets’ case, FOX Sports’ Ken Rosenthal reported yesterday (Twitter link) that New York is more likely to sign Gonzalez than either Dallas Keuchel or Craig Kimbrel because Gonzalez’s price tag would still be considerably lower than those other two available hurlers.  Plus, signing Gonzalez wouldn’t cost the Mets a draft pick, unlike the qualifying offer-rejecting Keuchel and Kimbrel.

Mets starting pitchers have combined for a 5.56 ERA this season, sixth-highest of any team in baseball.  Jason Vargas and his 9.58 ERA is the most glaring weak link, though Zack Wheeler and Noah Syndergaard have also struggled, and Steven Matz’s promising early results were stained by a nightmarish outing on Tuesday (six earned runs without a batter retired).

Gio Gonzalez Opts Out Of Yankees Deal

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2:07pm: Gonzalez will opt-out, tweets Andy Martino of SNY. The club has 48 hours to either grant him his release or add him to the active roster.

Friday, 2:47pm: Gonzalez does indeed intend to trigger the clause, per MLB.com’s Mark Feinsand (Twitter link), which means the Yankees will have to decide whether to add him to their roster. That appears to be unlikely, per Feinsand, suggesting that Gonzalez will probably head back onto the open market.

Friday, 12:16pm: Veteran left-hander Gio Gonzalez has hired CAA Baseball to represent him, Mark Feinsand of MLB.com reports (via Twitter). He’d previously been a client of the Boras Corporation. The change comes just before tomorrow’s opt-out date in Gonzalez’s minor league contract with the Yankees — a provision that he is giving strong consideration to exercising, according to Jeff Passan of ESPN (Twitter link). The Yankees recently got CC Sabathia back from the injured list and have received three solid outings from righty Domingo German, so there’s no guarantee they’ll bring Gonzalez to the Majors for a look.

Gonzalez’s contract comes with a $3MM base salary, but the greater consideration for the Yankees is surely the incentives structure to which he agreed. As one might expect for a veteran of his stature, Gonzalez’s non-guaranteed deal is packed with incentives — perhaps more so than any minors deal in recent memory. He’d reportedly be paid a hefty $300K per start with the Yankees at the MLB level, on top of that base rate of pay, making it a fairly expensive proposition to even take a look at him on a short-term, trial basis.

Thus far with the Yankees’ Triple-A affiliate, Gonzalez has had mixed results. He was shelled in the season opener for Scranton (eight runs in four innings), but he’s rebounded with a pair of excellent outings, yielding a combined two runs with an 18-to-2 K/BB ratio in 11 innings.

The fact that he made 93 pitches in his most recent outing should signal to other clubs that he’s built up enough to the point that he could step directly onto a big league pitching staff if needed. Assuming he opts out, that type of opportunity would likely be the type he and his new representatives seek. Several teams that entered the year hoping to contend — Red Sox, Brewers, Cardinals, Angels, Mets, Phillies, Athletics — have seen their starters combine for an ERA of 4.50 or worse, so it stands to reason that there could be heightened interest in Gonzalez now, as compared to when he was a free agent over the winter and was unable to find a big league deal.

If Gonzalez does trigger his opt-out clause tomorrow, he won’t immediately become a free agent. The Yankees would have 48 hours to weigh whether it’s worth placing him on the big league roster or grant him his release. But with the rotation currently featuring James Paxton, Masahiro Tanaka, J.A. Happ, Sabathia and German (with other depth options on hand in the form of Chance Adams, Jonathan Loaisiga and Luis Cessa), the team may simply prefer to let him go.

Gonzalez’s change in representation has been reflected in MLBTR’s Agency Database. As always, if you see any errors or omissions within, please let us know via email: mlbtrdatabase@gmail.com.

AL Notes: Indians, Miller, Forsythe, Gio

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Veteran infielder Brad Miller was understandably frustrated by the news that the Indians had opted to designate him for assignment over the weekend, writes Paul Hoynes of the Cleveland Plain Dealer. The 29-year-old Miller hit .250/.325/.417 with a homer and three doubles in his short time with the organization but lost out on his roster spot with the impending return of fellow left-handed-hitting second baseman Jason Kipnis. “It’s a tough trend,” Miller said of his DFA. “They acknowledge that it wasn’t fair. … I really enjoyed playing for Tito (Terry Francona). That’s why I’m frustrated. I want to be here. I like this group. It’s a good team and I was hoping I’d be a part of it, but they have other plans.”

Per Hoynes, Miller’s $1MM salary with the Indians wasn’t fully guaranteed by virtue of the fact that he agreed to a 45-day advance consent clause. (Full details on those clauses are explored in this 2014 piece from Trade Rumors’ Zach Links, though in essence, they allow teams to cut players with five-plus years of service at any point within the season’s first 45 days for any reason other than injury.) Miller will still be paid for the time he spent with the Indians, but he’ll receive the pro-rated portion of that $1MM salary while losing out on the rest of it. Notably, Hoynes reports that designated hitter Hanley Ramirez also has such a clause in his contract.

Some more from the American League…

  • Infielder Logan Forsythe spoke with MLB.com’s T.R. Sullivan about his decision to sign with the Rangers, specifically how the opportunity to play on a near-everyday basis by rotating through a number of positions spoke to him. “Most teams that looked at me had a pretty set infield,” said Forsythe. “There weren’t too many everyday jobs out there, or there were, but not too many guys were signing them. More teams were going for the utility or the platooning matchup type players.” As Sullivan details, Forsythe starts at second base against lefties and first base against righties, and he’s also available as a backup to Asdrubal Cabrera and Elvis Andrus, should either left-side infielder need a day off.
  • Veteran lefty Gio Gonzalez is awaiting an opportunity in the Major Leagues with the Yankees as an opt-out clause in his minor league contract looms, Mark W. Sanchez of the New York Post writes. The Yankees, according to Gonzalez, were the only club to even make him an offer this winter and didn’t do so until midway through Spring Training after an injury to Luis Severino. The southpaw had a brutal first start in Triple-A but has bounced back with a pair of strong outings, yielding just two runs through 11 innings with an 18-to-3 K/BB ratio. Gonzalez didn’t shy away from voicing his displeasure with the manner in which the offseason unfolded but also said he doesn’t feel he needs to pitch as though he has a point to prove: “No. I have nothing left to prove to people. [I] throw 180 innings, do your thing, I’m durable, doing it for the last 10 years. If I still have to prove a point, that’s embarrassing in this sport.”

Yankees Notes: Rotation, Keuchel, Andujar, Hicks, Stanton

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Though the Yankees’ rotation was dealt a substantial blow yesterday with the news that Luis Severino would be shut down entirely for another six weeks, the organization isn’t hitting the panic button and making a sudden push for lingering free-agent Dallas Keuchel, SNY’s John Harper reports. New York general manager Brian Cashman would prefer to “exhaust all of the alternatives” before pursuing Keuchel unless the former Cy Young winner’s price tag drops even further. SNY’s Andy Martino tweets a similar sentiment, suggesting there’s no interest in Keuchel at this time.

The Yankees will be getting some help for a beleaguered rotation this weekend, however, as manager Aaron Boone revealed to reporters Wednesday that CC Sabathia will be activated from the injured list and make his 2019 debut on Saturday (Twitter link via Newsday’s Erik Boland). The Yanks also have Gio Gonzalez tuning up in Triple-A, and given that the lefty has an April 20 opt-out in his minor league contract, it seems likely that he’ll get a look sooner rather than later.

More out of the Bronx…

  • Third baseman Miguel Andujar made 25 throws from 60 feet this week and has been cleared to swing a bat on Friday, the team told the media today (Twitter link via George A. King III of the New Pork). It’s not yet clear if the young slugger will be able to avoid surgery to repair the small tear in his right shoulder’s labrum, though both he and the Yankees are hopeful that he can avoid going under the knife. In his absence, DJ LeMahieu has been hitting well while manning the hot corner, though injuries to both Andujar and Troy Tulowitzki have tested the Yankees’ infield depth.
  • Center fielder Aaron Hicks has begun to hit soft-toss in addition to his throwing regimen, tweets James Wagner of the New York Times. He’s also been running the bases recently and is optimistic that he’ll be able to take on-field batting practice in the near future. Meanwhile, Giancarlo Stanton has begun to swing a bat as he works his way toward a return. Both players figure to need to minor league rehab assignments before they’re able to suit up to return to the Yankees, but it seems that each is proceeding free of any setbacks at present.

AL Notes: Gio, Armstrong, Herrera, Tepera/Axford

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Newly minted Yankees lefty Gio Gonzalez says it was an easy choice to join the New York organization, as George A. King III of the New York Post and MLB.com’s Bryan Hoch cover (Twitter links). The offer from the Yanks “was pretty much” the only one he got all winter long, says the veteran southpaw. It has been quite some  time since Gonzalez has had to fight for a roster spot and a big-league paycheck, but he says it’s “a pretty great opportunity” that he “can’t be ungrateful” for. If he cracks the roster, Gonzalez will play for a $3MM base salary and would also take home $300K for each game started.

Here’s more from the American League …

  • Mariners righty Shawn Armstrong is heading to the injured list with a grade 1 oblique strain, MLB.com’s Greg Johns reports. He says he’ll be patient in allowing thing to heal, but didn’t hide his anger at hitting the shelf just before the season began. (Anderson flew to Japan believing he would be ready to roll, but the issue was worse upon arrival.) Armstrong, 28, is still hoping that this’ll be the season he fully establishes himself in the majors. He has seen action in four seasons but has yet to be entrusted with more than 21 appearances in a given campaign. Armstrong turned in sub-2.00 ERA performances at both Triple-A (in 56 innings) and the majors (14 2/3 innings) in 2018.
  • The White Sox may not go long without new reliever Kelvin Herrera, Daryl Van Schouwen of the Chicago Sun-Times writes. The veteran hurler, who’s working back from a Lisfranc fracture in his left foot, hasn’t yet fully ramped things up but seems on track to get back to being a high-powered relief arm early in the new season. “I will probably be in full shape by April something or May,” he says.
  • It seems there’s some new potential for late-camp movement with the Blue Jays roster. Skipper Charlie Montoyo says that righty relievers Ryan Tepera and John Axford have turned up with elbow pain that is being looked at more closely, as Shi Davidi of Sportsnet.ca reports (Twitter link). Those injuries are among the factors that could leave the Toronto organization with more 40-man roster room to work with — but also more 25-man roster needs to address — than had been anticipated, MLB.com’s Gregor Chisholm notes on Twitter.

Yankees Sign Gio Gonzalez

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The Yankees have bolstered their pitching depth in a substantial way, adding veteran left-hander Gio Gonzalez. General manager Brian Cashman announced to reporters Tuesday that Gonzalez has passed his physical and reported to camp (Twitter link via MLB.com’s Bryan Hoch). Rather stunningly, the contract is a minor league deal that reportedly comes with a $3MM base salary in the Majors and pays Gonzalez an additional $300K per start (topping out at $12MM). He can also opt out of the contract on April 20.

Gio Gonzalez } Jeff Hanisch-USA TODAY Sports

This outcome was hard to foresee when the market opened. While Gonzalez hardly seemed likely to break the bank, he’s an accomplished, still-useful, exceptionally durable starter. MLBTR graded him the 27th-best free agent available and predicted a two-year, $24MM contract.

As it turns out, many mid-level free-agent starters have failed to land that second promised year. And Gonzalez will still need to earn his way onto the MLB roster. Even if he makes it, he’ll be playing on a base rate of pay that lags a long list of other rotation pieces that signed this winter.

Gonzalez, 33, was long a highly valuable starter with the Athletics and Nationals. While he was often chided for inconsistency on a start-by-start basis, he was one of the steadiest hurlers in the majors in the aggregate for a lengthy span. Between 2010 and 2017, Gonzalez threw over 1,500 innings of 3.41 ERA ball, only once failing to make thirty starts in a season.

As recently as 2017, Gonzalez was capable of a sub-3.00 ERA, 200+ inning campaign. Even then, his peripherals reflected a decline in his stuff. Over the past two seasons, Gonzalez’s fastball has sat just over the 90 mph line. He still generated a 9.5% swinging-strike rate last year, right at his career average, but surrendered more hard contact and more home runs than he did in his prime.

Despite the downturn, Gonzalez remained a sturdy MLB hurler in 2018. He contributed 171 frames and ended with a 4.21 ERA. Gonzalez struggled in two postseason outings but provided the Brewers with five useful starts down the stretch after a late-season trade.

While his earning upside was always going to be limited by his age and reduced repertoire, it’s hard to fathom this outcome. It’s certainly possible that other teams offered guaranteed deals with less overall earning capacity. Even that’s unclear at this point, though.

The Yankees, it seems, don’t necessarily even plan to utilize Gonzalez to fill in while Luis Severino works back from his injury issues. Per the New York Post’s Joel Sherman (Twitter links), the club seems inclined to rely upon a trio of young hurlers — Luis Cessa, Domingo German, Jonathan Loaisiga — before turning to Gonzalez. That could certainly change before the opt-out date. But it’s notable that the deeply established southpaw will evidently be working just to obtain an MLB opportunity, particularly with so many teams preparing to rely upon untested pitchers at the outset of the season.

It also remains to be seen just when Gonzalez will even be ready to join the Yankees’ rotation. Manager Aaron Boone said Tuesday that Gonzalez made 80 pitches in a simulated game just yesterday and could appear in the Yankees’ Grapefruit League game on March 23 (Twitter link via Hoch). He still isn’t likely to be ready for the season opener, though, which point to an early April debut, at the earliest.

Jon Heyman of MLB Network reported the sides were close to a deal (via Twitter). Sherman reported that it was a minor league pact (Twitter link), while The Athletic’s Ken Rosenthal added financial details (via Twitter). Heyman added further details regarding the contract’s heavy slate of incentives (via Twitter).

Yankees Have Made Offer To Gio Gonzalez

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MARCH 17: The Yankees have made an offer to Gonzalez, but there’s “not a great deal of optimism” they’ll reach an agreement, per Heyman.

MARCH 5: Left-hander Gio Gonzalez had at least been discussed “by some Yankees people” even before the team learned of Luis Severino’s rotator cuff inflammation earlier today, tweets MLB Network’s Jon Heyman. Similarly, Mark Feinsand of MLB.com reports that the Yankees do like Gonzalez and may inquire with agent Scott Boras about the lefty’s current asking price.

With Severino and CC Sabathia both unlikely to be ready for Opening Day, the Yankees’ rotation depth isn’t quite as strong as it once appeared. Of course, neither Severino nor Sabathia is expected to miss significant time, and the Yankees have quite a few other options on hand to fill in on a short-term basis; Domingo German, Luis Cessa, Chance Adams and Jonathan Loaisiga are all on the 40-man roster and all saw some experience at the MLB level last season.

Beyond that, the Yankees are already projected to enter the season with a luxury tax payroll that sits at just over $226MM, per Jason Martinez of Roster Resource. Because they’re already $20MM north of the $206MM threshold, the Yankees are not only subject to the initial 20 percent tax — they’ll also pay a 12 percent surcharge on any additional contracts. In order to sign Gonzalez (or any other Major League free agent), they’d effectively pay an additional $320K in taxes for every million dollars they spend.

As Feinsand points out, as well, there’s the more straightforward question of what to do with Gonzalez if (or when) the team’s rotation is fully healthy. Severino, James Paxton, Masahiro Tanaka, J.A. Happ and Sabathia are expected to comprise the Yankees’ rotation, and none of that quintet would figure to be pushed out by Gonzalez. Speculatively, the Yankees could deploy a six-man rotation or gauge Gonzalez’s willingness to pitch out of the ’pen. Ultimately, though, a pitcher as established as the 33-year-old Gonzalez seems like a tough fit in the Bronx, given the seemingly short-term nature of the absences with which Severino and Sabathia are currently faced.

That said, the tentative interest in Gonzalez is still of some note. If the Yankees incur further injuries or if Severino’s shoulder troubles prove to be more severe than initial testing has thus far suggested, a match with Gonzalez would suddenly appear considerably more plausible.

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