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Rangers Rumors

Rangers Sign Tyler Mahle To Two-Year Deal

By Anthony Franco | December 14, 2023 at 11:45pm CDT

The Rangers have taken another upside shot in the rotation, signing Tyler Mahle to a two-year contract. It’s reportedly a $22MM guarantee for the ISE Baseball client, who can earn up to $5MM more in bonuses depending on his 2025 innings tally. He will have a salary of $5.5MM in 2024 and $16.5MM in 2025, and the deal comes with a limited no-trade clause. He’ll miss the start of the ’24 season as he completes his rehab from last season’s Tommy John surgery. Texas has two additional openings on the 40-man roster.

Mahle spent a season and a half with the Twins. Minnesota acquired the right-hander from the Reds at the 2022 trade deadline. It turned out to be one of the more lopsided deadline deals of the past couple summers. Cincinnati acquired Spencer Steer, Christian Encarnacion-Strand and prospect Steve Hajjar, whom they subsequently flipped to the Guardians as part of a deal for Will Benson.

Unfortunately for Minnesota, injuries ruined their end of the deal. Mahle landed on the injured list within a few weeks of his acquisition as a result of shoulder inflammation. He returned, pitched once, then went back on the IL for the remainder of the season. Mahle looked back to form early in 2023, working to a 3.16 ERA over five starts. He suffered an elbow injury during his outing on April 27 and underwent the Tommy John procedure a couple weeks later.

That ended his season and ultimately, his tenure with the Twins. Given the approximate 14-month recovery timeline often associated with TJS rehab, he could return sometime around the All-Star Break. That would put Mahle on a similar trajectory as Jacob deGrom, who underwent the same surgery around four weeks later.

While Mahle wouldn’t bring the same level of upside as deGrom, he’d be a high-ceiling addition in his own right. The 29-year-old developed into a quality mid-rotation starter late in his time in Cincinnati. Between 2020 and the ’22 deadline, he worked to a 3.93 ERA in 332 innings spanning 62 appearances. Mahle punched out an above-average 27.4% of batters faced over that stretch against a manageable 8.9% walk rate. Despite pitching in a difficult home park, he allowed only 1.1 home runs per nine innings.

Mahle’s velocity has been down a bit over the past two seasons, which isn’t surprising given the arm issues. In 2021, he averaged 94 MPH on his four-seam with a plus cutter/slider that sat around 87 MPH. Mahle has a splitter to deploy against left-handed hitters and has posted neutral platoon numbers over his career.

If he can recapture his pre-surgery form, Mahle would fit into the middle or back end of a quality Texas rotation. The Rangers haven’t been shy about taking on injury risk to pursue high-upside starters. deGrom was the prime example, of course, but each of Mahle, Jon Gray, Nathan Eovaldi and Andrew Heaney were talented fliers in the middle tiers of the starting pitching market.

Max Scherzer anchors the season-opening staff. Eovaldi, Gray, Heaney and Dane Dunning project to fill out the remainder of the Opening Day five. Texas should have more clarity on the respective health statuses of deGrom and Mahle as next summer’s trade deadline approaches.

Mahle’s contract narrowly tops MLBTR’s two-year, $20MM prediction. It’s just north of the $20MM guarantee secured by Rockies right-hander Germán Márquez, a similar caliber of pitcher who signed for two years after undergoing Tommy John surgery in May. Mahle, who turned 29 in September, is on track to get back to free agency in advance of his age-31 season in 2026.

The $11MM average annual value brings the Rangers’ competitive balance tax number to roughly $232MM, as calculated by Roster Resource. That’s just below next season’s $237MM base threshold. Texas carried an approximate $252MM luxury tax number last season. While their championship run surely brought in a fair amount of playoff revenue, the organization is also facing some uncertainty about its local television rights contract. GM Chris Young indicated at the Winter Meetings that the team would be a little quieter in free agency than they’d been in the past few offseasons.

Jeff Passan of ESPN was first to report the $22MM guarantee and $5MM in performance bonuses. Robert Murray of FanSided reported the specific annual breakdown and limited no-trade.

Image courtesy of USA Today Sports.

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Newsstand Texas Rangers Transactions Tyler Mahle

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Tommy Hunter Officially Retires

By Anthony Franco | December 13, 2023 at 9:21pm CDT

Longtime big league reliever Tommy Hunter has officially retired, he tells Britt Ghiroli of the Athletic (X link). Hunter first indicated he was retiring on former teammate Adam Jones’ podcast in October, news that eluded MLBTR at the time.

Hunter, 37, pitched parts of 16 seasons in the majors. The Rangers selected the University of Alabama product in the supplemental first round of the 2007 draft. He got to the big leagues the following August. Operating as a starter for three seasons, Hunter compiled a 4.36 ERA before being dealt alongside future home run champ Chris Davis to the Orioles for Koji Uehara.

While Davis turned out to be the star of that return, Hunter was a very productive player for Baltimore in his own right. He struggled as a starter over the next season and a half but found a new gear upon moving to the bullpen in 2013. The right-hander turned in consecutive sub-3.00 ERA showings while surpassing 60 innings in 2013 and ’14, combining for a 2.88 ERA over that stretch.

Hunter found himself in another deadline trade in 2015. As an impending free agent on an average Baltimore team, he was flipped to the Cubs in a swap for outfielder Junior Lake. Hunter bounced around as a middle reliever from that point forward, suiting up with the Indians, Orioles again, Rays and Phillies through 2020. He saw action with the Mets in each of the past three seasons. Hunter was generally effective for the majority of that time, although he finished with a 6.85 ERA in 23 2/3 innings before New York released him this past June.

In the decade after his move to the bullpen, he allowed 3.33 earned runs per nine in 410 appearances with six franchises. Hunter never posted huge strikeout tallies, but he had consistently strong command and turned in five seasons with 50+ innings and an ERA below 4.00. He was part of the 2010 Texas team that won the American League pennant and started Game 4 of that year’s Fall Classic, allowing two runs over four innings in a 4-0 loss.

For his career, Hunter posted a 4.07 ERA across 917 1/3 frames. He recorded 639 punchouts, won 56 games, picked up 103 holds and collected 22 saves. Baseball Reference calculated his career earnings in the $36MM range. MLBTR congratulates Hunter on his productive, very lengthy run at the highest level and wishes him the best in his post-playing days.

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Baltimore Orioles New York Mets Texas Rangers Retirement Tommy Hunter

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Rangers, Jesus Tinoco Agree To Minor League Deal

By Steve Adams | December 11, 2023 at 11:15am CDT

The Rangers have agreed to a minor league contract with right-handed reliever Jesus Tinoco, reports Jon Heyman of the New York Post. Presumably the Rep 1 client will head to big league camp this spring.

It’s a reunion between the two parties, as Texas was also Tinoco’s most recent MLB club. He pitched 20 2/3 innings of 2.18 ERA ball for the 2022 Rangers, fanning 21.4% of his opponents against a more concerning 11.9% walk rate. Tinoco’s run with the Rangers was mostly solid, but he’ll also forever be remembered by many as the pitcher who had the distinction of serving up Aaron Judge’s record-setting 62nd home run late in the ’22 campaign.

Tinoco, 28, spent the 2023 season with the Seibu Lions of Japan’s Nippon Professional Baseball. He notched a tidy 2.38 earned run average with the Lions but did so with a below-average strikeout rate (18.2%) and a shaky walk rate (12.5%) that resembled his 2022 marks in Texas. Tinoco, who was famously traded alongside Jose Reyes and Miguel Castro in the 2015 blockbuster that send Troy Tulowitzki and LaTroy Hawkins from Colorado to Toronto, has a career 4.05 ERA in 66 2/3 big league frames.

The Rangers have a few spots at the back of the bullpen solidified, where Jose Leclerc, Josh Sborz, Brock Burke, Cody Bradford and recently signed Kirby Yates all seem likely to have roles. But there’s still competition for the remaining few spots and likely will be, even if GM Chris Young and his staff still make another veteran addition or two before the end of the offseason.

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Texas Rangers Transactions Jesus Tinoco

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Rangers, Yankees, Astros Interested In Robert Stephenson

By Anthony Franco | December 6, 2023 at 7:36pm CDT

The market continues to materialize for free agent reliever Robert Stephenson. Jon Morosi of MLB.com tweets that the Rangers and Yankees have shown interest. Chandler Rome of the Athletic reports that the Astros have also checked in on the right-hander.

Along with that trio, the Dodgers, Angels, Cubs and Orioles have been linked to Stephenson at various points this offseason. Baltimore subsequently signed Craig Kimbrel to a $13MM contract, likely taking them out of a top-of-the-market reliever. The remainder of those clubs could still be involved, although the Angels have taken a lower-cost volume approach to build their middle relief corps.

The bullpen is the biggest question for Texas and Houston, the top two teams in the AL West. Those clubs’ respective baseball operations leaders, Chris Young and Dana Brown, have indicated they’re working with lesser financial flexibility than they’ve had in prior offseasons. Texas finalized a $4.5MM contract with former Brave Kirby Yates this evening. He joins José Leclerc and Josh Sborz as high-leverage righties, although the bullpen still seems the biggest question for the defending World Series winners.

Houston has Ryan Pressly, Rafael Montero, Bryan Abreu and Kendall Graveman as leverage options. Middle relief depth is more of a concern, as each of Hector Neris, Phil Maton and Ryne Stanek reached free agency. A more affordable middle innings pickup may be a better fit, particularly with the Astros right up against the luxury tax line. To that end, Ari Alexander of KPRC 2 tweeted this afternoon the Astros remain in touch with Maton’s camp.

The Yankees already have one of the league’s best relief corps. Building the bullpen has been a consistent strength for general manager Brian Cashman and his front office. Clay Holmes and Jonathan Loáisiga anchor a group that skews heavily toward the right side. While Stephenson could represent something of a luxury buy, the Yankees haven’t shied away from spending on relievers and are clearly in an aggressive win-now mode.

MLBTR predicted Stephenson to secure a four-year, $36MM deal on the heels of a dominant showing with the Rays. He was behind only Josh Hader and Jordan Hicks in the bullpen class among MLBTR’s Top 50 free agents. The 30-year-old has an inconsistent career track record but turned in a 2.35 ERA with an absurd 42.9% strikeout rate in 42 appearances after being traded from the Pirates to Tampa Bay in June.

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Houston Astros New York Yankees Texas Rangers Phil Maton Robert Stephenson

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Rangers Sign Kirby Yates

By Darragh McDonald | December 6, 2023 at 6:22pm CDT

The Rangers announced the signing of right-hander Kirby Yates to a one-year deal. It’s reportedly a $4.5MM guarantee for the Beverly Hills Sports Council client.

Yates, 37 in March, had something of a bounceback year in 2023, at least from a health perspective. Over the 2020-2022 seasons, he only tossed 11 1/3 total innings due to elbow injuries, requiring Tommy John surgery in March of 2021. He then signed a two-year deal with Atlanta, with that club knowing he wouldn’t be a big factor in 2022.

He was healthy enough to make 61 appearances in 2023 with a 3.28 earned run average, though the underlying metrics were less encouraging. His 31.5% strikeout rate was still very strong but he also walked 14.6% of batters faced. A low batting average on balls in play of .211 and a high strand rate of 85.4% helped to keep runs off the board, which is why his 4.63 FIP and 3.90 SIERA were a bit less bullish on his performance. Atlanta let him go by choosing a $1.25MM buyout rather than a $5.75MM salary on a club option for 2024.

But prior to his lengthy injury woes, Yates was one of the best pitchers in the league for a time. In 2018, he posted an ERA of 2.14 with the Padres, pairing a 36% strikeout rate with a 6.8% walk rate. He was even better in 2019, getting his ERA down to 1.19 as he struck out 41.6% of batters and walked just 5.3%, racking up 41 saves in that season.

Yates obviously wasn’t back to that level in 2023 and it’s probably not fair to expect he ever will be, given his age. But he was still getting plenty of strikeouts in 2023 and his 93.6mph fastball velocity was essentially all the way back to his pre-injury form, as he was at 93.9mph in 2018 and 93.5mph in 2019. Perhaps now that he is further removed from his surgery, his control will improve. It’s perhaps notable that he had an 18.5% walk rate through June 7 but a 12.3% rate from that point on, showing at least some signs of improvement.

Despite winning the World Series in 2023, the bullpen was an obvious weak spot for the Rangers. Collectively, their relievers had an ERA of 4.77 on the year, which placed them 24th in the league. Midseason pickups Aroldis Chapman and Chris Stratton reached free agency after the playoffs, along with one-year signee Will Smith. If Yates is in decent form next year, he can help them make up for those losses.

Ken Rosenthal of the Athletic first reported the Rangers were signing Yates to a one-year deal. Evan Grant of the Dallas Morning News reported the $4.5MM guarantee.

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Newsstand Texas Rangers Transactions Kirby Yates

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2023 Rule 5 Draft Results

By Darragh McDonald | December 6, 2023 at 1:01pm CDT

The 2023 Rule 5 draft will begin at 1pm Central time today at the Winter Meetings in Nashville.

As a refresher, the Rule 5 draft is a way for players potentially talented enough for the big leagues but blocked by their current clubs to find opportunities elsewhere. Any players that were 18 and under at the time of their original signing and have played five professional seasons, and any players who signed at 19 years of age or older at signing that now have four professional seasons, who are not on a club’s 40-man roster are eligible to be selected in the Rule 5 draft.

The clubs will draft in reverse order of the 2023 standings, with no club obligated to make a selection when it’s their turn. If they do make a pick, they will have to pay $100K to the team they select from. The selected players must stay on the active roster (or injured list) for the entire 2024 season or else be placed on waivers. If they clear waivers, they must be offered back to their original team. They cannot be optioned to the minors. Last year’s edition saw some key players change clubs, such as Ryan Noda going from the Dodgers to the Athletics and Blake Sabol going from the Pirates to the Giants.

This post will be updated as the draft continues. Here is the order…

1.  Athletics: RHP Mitch Spence (Yankees)
2. Royals: RHP Matt Sauer (Yankees)
3. Rockies: RHP Anthony Molina (Rays)
4. White Sox: LHP Shane Drohan (Red Sox)
5. Nationals: SS Nasim Nuñez (Marlins)
6. Cardinals: RHP Ryan Fernandez (Red Sox)
7. Angels: pass
8. Mets: RHP Justin Slaten (Rangers); Mets later traded Slaten to the Red Sox for LHP Ryan Ammons* and cash considerations.
9. Pirates: pass
10. Guardians: 3B Deyvison De Los Santos (Diamondbacks)
11. Tigers: pass
12. Red Sox: pass
13. Giants: pass
14. Reds: pass
15. Padres: RHP Stephen Kolek (Mariners)
16. Yankees: pass
17. Cubs: pass
18. Marlins: pass
19. Diamondbacks: pass
20. Twins: pass
21. Mariners: pass
22. Blue Jays: pass
23. Rangers: RHP Carson Coleman (Yankees)
24. Phillies: pass
25. Astros: pass
26. Brewers: pass
27. Rays: pass
28. Dodgers: pass
29. Orioles: pass
30. Braves: pass

The minor league phase of the Rule 5 draft also occurred this afternoon. Those players will not go onto the selecting teams’ 40-man roster. A few former major leaguers changed uniforms. They include 1B Seth Beer going from the Diamondbacks to the Pirates while the Yankees took RHP Kervin Castro from the Astros.

* (Robert Murray of FanSided first reported that Ammons was going to the Mets. Joel Sherman of The New York Post added that Ammons and cash were being exchanged for Slaten.

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Arizona Diamondbacks Boston Red Sox Chicago White Sox Cleveland Guardians Colorado Rockies Houston Astros Kansas City Royals Miami Marlins New York Mets New York Yankees Oakland Athletics Pittsburgh Pirates Rule 5 Draft San Diego Padres Seattle Mariners St. Louis Cardinals Tampa Bay Rays Texas Rangers Washington Nationals Anthony Molina Carson Coleman Deyvison De Los Santos Justin Slaten Kervin Castro Matt Sauer Mitch Spence Nasim Nunez Ryan Fernandez Seth Beer Shane Drohan Stephen Kolek

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Astros, Rangers, Red Sox, Angels Among Teams Interested In Jordan Hicks

By Nick Deeds | December 5, 2023 at 11:15am CDT

December 5: The Angels and Red Sox have also checked in on Hicks, per Ari Alexander of KPRC 2. Both clubs could use some bullpen reinforcements, with Boston relievers having posted a collective 4.32 ERA in 2023 while the Angels were at 4.88.

December 4: The Astros, Rangers, Cardinals and Orioles are among the teams with interest in right-hander Jordan Hicks this offseason, per Jon Heyman of the New York Post. The Cardinals and Orioles having interest is no surprise since they had previously been linked to the 27-year-old earlier in the offseason. The connections to the Rangers and Astros, however, are new.

The Rangers make plenty of sense as a potential fit for Hicks. The reigning World Series champions got excellent results out of their offense and starting pitching in 2023, but faced significant struggles in the bullpen. The club’s relief corps combined for a 4.77 ERA that was bottom-seven in the majors, while the group’s 4.45 FIP and 2.6 fWAR were also bottom-ten figures. The Twins, Diamondbacks, and Marlins were the only other playoff teams to feature a bottom-ten bullpen in even one of those three categories, and no club besides the Rangers appeared in the bottom of those leaderboards more than once.

That acute need for bullpen additions has led the Rangers to be frequently connected to top-of-the-market closer Josh Hader, who posted a sensational season in 2023 with a 1.28 ERA and a 36.8% strikeout rate while picking up 33 saves in 56 1/3 innings of work with the Padres. That being said, Hader has a chance to land a record-breaking contract in free agency this offseason, with MLBTR projecting the lefty for a six-year, $110MM contract on our annual Top 50 MLB Free Agents list, on which he ranks eighth overall. Coming off a World Series championship in 2023 and a pair of offseasons where they were among the league’s biggest spenders, it’s possible that sort of contract won’t be a problem for Texas.

That being said, GM Chris Young recently cautioned that the club doesn’t expect to spend quite as lavishly this offseason as they have the past two winters. If the Rangers do find that Hader is out of their price range, Hicks could represent a more affordable alternative who has still flashed elite upside as a late-inning arm. Hicks, who was the second-highest rated reliever (#21 overall) on MLBTR’s list with a projected price tag of four years and $40MM, boasts a triple-digit fastball with sinking action that allows him to post groundball rates near 60% on a yearly basis.

While control and injury issues have dogged Hicks throughout his career, the righty is still three seasons away from his 30th birthday and impressed this season with a career-high 28.4% strikeout rate. While his 3.29 ERA hardly jumps off the page for a back-end relief arm, it’s worth noting that Hicks’ season numbers are skewed by a brutal early-season performance where he surrendered nine runs (eight earned) in just 5 2/3 innings across seven appearances. After that point, Hicks boasted a sterling 2.40 ERA and 2.59 FIP with a 30% strikeout rate against a 9.6% walk rate in his final 60 innings of work. While its not reasonable to simply ignore a rocky start to the season entirely, Hicks’s strong performance after the first two weeks of his season does highlight the tantalizing upside the right-hander has flashed throughout his career.

The Astros, on the other hand, are a somewhat less obvious suitor. Veteran righty Ryan Pressly is entrenched as the club’s closer, while young hurler Bryan Abreu has emerged as one of the best young relief arms in the league with a 1.84 ERA and 2.59 FIP across the past two seasons. That duo led the Astros’ relief corps to a sterling 3.56 ERA in 2023, the sixth-best figure in the league. Houston’s bullpen sports similarly strong advanced metrics, as only six clubs posted a better collective SIERA than the Astros’ 3.79 figure.

Good as the club’s relief corps was in 2023, however, it’s important to note that the Astros have since lost key pieces such as Hector Neris, Ryne Stanek, and Phil Maton to free agency. While Pressly and Abreu certainly make for a strong back-end duo, Houston looking to replace those outgoing arms is hardly a surprise, and few options available figure to be better than Hicks. While the Astros clearly need additional relief arms to supplement the roster, it’s fair to wonder if Hicks is the most realistic target for the club from a financial perspective. GM Dana Brown cautioned earlier in the offseason that the club doesn’t have “a ton” of financial flexibility to work with this winter while telling reporters he’s “not interested in overpaying” for bullpen arms.

Given the club’s limited financial flexibility, it would register as something of a surprise for the Astros to commit a hefty sum to a single reliever given their other needs. The Astros are known to be in the market for a backup catcher in addition to bullpen, to say nothing of the possibility they look to add a left-handed bat to replace Michael Brantley or shore up a starting rotation lacking in certainty behind Justin Verlander and Framber Valdez. While it’s impossible to deny that the addition of Hicks to a bullpen that already features Abreu and Pressly could create a three-headed monster that few teams could replicate, it’s fair as a wonder if a cheaper option could be more feasible for Houston from a financial perspective. One such option could be a reunion with Hector Neris, who The Athletic’s Chandler Rome relayed this evening Brown has been in contact with. MLBTR ranked Neris, who posted a 1.71 ERA and 3.83 FIP in 68 1/3 innings for the Astros last year, as the offseason’s #46 free agent while projecting him for a two-year, $15MM deal.

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Boston Red Sox Houston Astros Los Angeles Angels Texas Rangers Hector Neris Jordan Hicks

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West Notes: Giants, Yamamoto, Angels, Leiter

By Nick Deeds | December 3, 2023 at 4:33pm CDT

The Giants have long been expected to be one of the winter’s more aggressive teams after missing out on megadeals for stars Aaron Judge and Carlos Correa last offseason. While the club was still active on last year’s free agent market, deals for lower-profile players like Taylor Rogers, Michael Conforto and Mitch Haniger didn’t save San Francisco from a 79-83 campaign that ended with a fourth place finish in the NL West this year. As president of baseball operations Farhan Zaidi and his front office looks to turn things around ahead of the 2024 season, the club has been connected to plenty of top players this offseason, ranging from star outfielders Cody Bellinger and Juan Soto to reigning NL Cy Young award winner Blake Snell to even two-way superstar Shohei Ohtani.

One such star the Giants are known to have interest in is NPB right-hander Yoshinobu Yamamoto, who Zaidi himself noted the club has scouted extensively in the run-up to his posting late last month. Today, Susan Slusser of the San Francisco Chronicle provided an update on the club’s interest in Yamamoto, who ranked as the #3 free agent in this year’s edition of MLBTR’s annual top 50 free agents list. Per Slusser, other teams interested in Yamamoto believe that the Giants “have an edge” in the sweepstakes for his services. Yamamoto figures to be among the most sought-after free agents this winter, with reports indicating that nearly half the league has interest in the 25-year-old righty. The Mets and Yankees, in particular, have been connected to Yamamoto heavily to this point in the offseason.

Even if San Francisco does have a leg up in the Yamamoto sweepstakes, a signing would surely require a major financial outlay. The righty is widely expected to secure the largest deal of any starting pitcher on the market this winter besides Ohtani; MLBTR has projected him for a nine-year, $225MM deal that would only be surpassed by the guarantees secured by Gerrit Cole and Stephen Strasburg among free agent starters. That shouldn’t be a problem for San Francisco, which reportedly offered Judge a deal in the $360MM range last offseason before 2022’s AL MVP ultimately returned to the Yankees.

More from MLB’s West divisions…

  • The Angels have made significant headway in assembling their 2024 coaching staff under new manager Ron Washington in recent weeks, though USA Today’s Bob Nightengale suggests the club previously offered both former Pirates and Rockies manager Clint Hurdle as well as 21-year MLB veteran LaTroy Hawkins roles on Washington’s staff; Hurdle was offered a job as Washington’s bench coach while Hawkins was offered the bullpen coach role. Nightengale goes on to note both men are expected to retain their current roles as special assistants to the front offices in Colorado and Minnesota, respectively. That’s hardly a surprise, as the club has reportedly hired Steve Karsay as the new bullpen coach in Anaheim while bench coach Ray Montgomery will remain in that role for a third season in 2024.
  • The Rangers were open to moving right-handed prospect Jack Leiter at the trade deadline this summer in the right deal for pitching, according to Evan Grant of The Dallas Morning News. The second-overall pick of the 2021 draft was initially expected to be a fast-rising arm who could impact the big league club shortly after being drafted, but the righty has struggled to this point in his professional career. While Grant notes that Leiter made some strides last season, he’s not yet ready to contribute in the majors and could be part of the return for a front-of-the-rotation arm, should Texas look to the trade market in their search for rotation upgrades this winter. While Leiter has a career 5.37 ERA across two minor league seasons, the 23-year-old ended the 2023 campaign on a relative high note with a 3.31 ERA and a 39.7% strikeout rate in his final four starts at the Double-A level.
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Los Angeles Angels Notes San Francisco Giants Texas Rangers Clint Hurdle Jack Leiter LaTroy Hawkins Yoshinobu Yamamoto

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Rangers, Mets, Red Sox Reportedly Shift Focus Away From Pursuit Of Shohei Ohtani

By Steve Adams | December 1, 2023 at 11:57pm CDT

Rumors about the state of Shohei Ohtani’s market in free agency have been decidedly and deliberately scarce. Ohtani is said to prefer things to be kept quiet and close to the vest, and teams involved in the bidding surely don’t want to jeopardize their chances by being too forthcoming in terms of leaking information to the media. ESPN’s Jeff Passan pulls back the curtain a bit this morning, however, writing that at least three teams — the Rangers, Mets and Red Sox — have turned their attention to other players at this stage of the process. While each of the three were among Ohtani’s original group of suitors, it seems the trio has become pessimistic about their chances of closing a deal.

The Rangers’ ostensible exit from the Ohtani bidding dovetails with recent comments from general manager Chris Young, who just yesterday told reporters that he does not anticipate spending to the same extent he did in the past two offseasons. Texas dropped more than $500MM in the 2021-22 offseason when signing Corey Seager, Marcus Semien and Jon Gray. The Rangers spent more than $200MM last winter when adding Jacob deGrom, Nathan Eovaldi and Andrew Heaney. Whether the expectation for lesser spending is because they feel they’re out of the Ohtani bidding or vice versa, the end result seems to be an expectation and concession that the two-time AL MVP and longtime Rangers division rival will sign elsewhere.

As for the Mets, there was never any question whether they have the funds to pay Ohtani a contract that’s widely expected to eclipse $500MM by a comfortable margin. Owner Steve Cohen is the sport’s wealthiest and most aggressive owner. But there have long been questions about Ohtani’s desire to play in the New York spotlight and deal with the inherent media frenzy associated with that market. It should come as no surprise that the Mets (and likely the Yankees) nevertheless tried, but Passan’s report suggests those efforts have come up short. To that end, SNY’s Andy Martino reports that Ohtani’s countryman, Yoshinobu Yamamoto, is currently the Mets’ primary focus.

The Red Sox, meanwhile, are known to be seeking top-of-the-rotation help for the 2024 season, which doesn’t apply to Ohtani while he mends from elbow surgery. (Though he’d clearly be a factor in their 2025 rotation and beyond.) Prior reports have suggested that Boston’s focus, thus far, has been more on the trade market than on free agency. That doesn’t definitively mean that the Sox aren’t willing to spend lavishly on free agents this winter, but if their pursuit of immediate rotation help eventually leads them to free agency, it’d make for a particularly expensive offseason to pursue both Ohtani and one of the remaining top-end starters (e.g. Yamamoto, Blake Snell, Jordan Montgomery).

While those three clubs are out of the mix, Ohtani’s market does still include the likes of the Dodgers, Cubs, Blue Jays and Angels, per Passan. That’s not intended to be a comprehensive list of the remaining suitors, however. It stands to reason that other clubs could yet be in play. The Giants have long been linked to Ohtani, as have the Mariners — although Daniel Kramer of MLB.com reported a couple weeks ago suggested that the Mariners were unlikely to ultimately land him.

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Boston Red Sox Chicago Cubs Los Angeles Angels Los Angeles Dodgers New York Mets Newsstand Texas Rangers Toronto Blue Jays Shohei Ohtani Yoshinobu Yamamoto

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Chris Young Discusses Rangers’ Spending Outlook

By Anthony Franco | November 30, 2023 at 11:47pm CDT

The Rangers have made plenty of headlines in each of the past two offseasons. After signing Corey Seager, Marcus Semien and Jon Gray during the 2021-22 winter, they added Jacob deGrom, Nathan Eovaldi and Andrew Heaney a year ago.

It doesn’t appear Texas is planning to be so aggressive this time around. A few weeks removed from the franchise’s first World Series, general manager Chris Young hinted at a quieter offseason than the previous two.

“We expect to be active in free agency, but probably not spending at the level that we have spent in previous offseasons,” Young told reporters on Thursday afternoon (relayed by Evan Grant of the Dallas Morning News). The GM noted there’s “a great returning core group” and said the front office is “really looking for additions to kind of shore up the team.”

That’s a generally fair assessment of the roster. Texas is returning the vast majority of an elite batting order. Seager, Semien, Adolis García, Jonah Heim, Josh Jung, Nathaniel Lowe, Leody Taveras and Evan Carter will be back. Designated hitter/backup catcher Mitch Garver hit free agency after the Rangers opted against issuing a qualifying offer. He’s the biggest potential departure on the offensive side. Robbie Grossman and Travis Jankowski also hit the market after solid performances as depth outfielders.

Texas faces a few more impactful losses on the pitching side. Deadline acquisition Jordan Montgomery is one of the top free agent starters. Aroldis Chapman, Will Smith and Chris Stratton could depart the relief corps, while Martín Pérez played a swing role.

Garver and Montgomery are the most notable losses. Texas doesn’t has a perfect in-house replacement at designated hitter, although the likes of Ezequiel Durán and prospect Justin Foscue could take on larger roles. Wyatt Langford, selected out of Florida with the fourth overall pick last summer, briefly reached Triple-A at the end of his draft year. It’d be a surprise if he’s in the majors on Opening Day. He could hit his way to the big leagues at some point during the summer.

Of course, the headline-grabbing play at designated hitter would be a massive strike for Shohei Ohtani. Texas is reportedly in the mix for the defending AL MVP. Signing Ohtani would quite likely require the largest contract in MLB history. Young’s comments downplay that as a possibility, although perhaps ownership and the front office would pivot if there’s a realistic chance to land the sport’s best player.

Texas has also expressed interest in retaining Montgomery. That’d be a bit of a luxury strike. Effective as the southpaw was down the stretch, the Rangers could open next season with Max Scherzer, Eovaldi, Gray, Heaney and Dane Dunning as a strong rotation. deGrom could join the group in the second half as he rehabs from June’s Tommy John procedure.

Young made clear the Rangers aren’t planning to sit out free agency entirely. Yet adding a depth starter rather than meeting a nine-figure price for Montgomery could be more likely. Texas figures to bring in multiple relievers and will probably add to what presently projects as an inexperienced bench.

While the strength of the existing roster is one factor in projecting a relatively quiet offseason, it also seems the front office is working with more limited spending room than they’ve had in previous winters. Roster Resource projects the Rangers’ 2024 payroll around $203MM. That includes projected salaries for arbitration-eligible players but does not account for any additions they’ll make. That’s already above the approximate $196MM payroll which the team carried into this past season, which was itself a franchise high.

To be clear, Young didn’t forecast any kind of payroll cut. It seems all but assured they’ll go into 2024 at a franchise-record spending level. The championship run brought in extra revenue in the form of playoff gate receipts. Ownership and the front office are surely motivated to push for a repeat. The midseason acquisition of Scherzer (whom Texas will pay $12.5MM next season as part of the trade from the Mets) paired with arbitration raises for the likes of Lowe, García and Dunning organically raise the payroll in comparison to this year’s Opening Day mark.

The Rangers are also one of the teams facing short-term uncertainty about their local television rights. The organization’s deal with Diamond Sports Group for in-market broadcasting on the Bally Sports network is in jeopardy. The Athletic recently reported that Diamond was considering dropping its deals with the Rangers and Guardians before next season amidst its ongoing bankruptcy. Young pointed to the uncertainty about the rights fees, noting that the front office has “a responsibility to be financially prudent.”

That all hints at a less flashy offseason than Texas has had in the last two years. Grant suggests the team could try to stay below the luxury tax threshold during the offseason. While there’s not a clear mandate to avoid paying the tax, it seems ownership prefers to leave some flexibility for midseason acquisitions. A team’s CBT number isn’t finalized until the end of the year, so in-season pickups count against that figure.

Roster Resource pegs the Rangers’ 2024 tax projection (which is calculated using contracts’ average annual salaries and includes player benefits) around $219MM. That checks in $18MM below next year’s $237MM base threshold. If the organization truly prefers to stay under that during the winter, they’d be limited to complementary additions. Back-end starting pitchers Lance Lynn and Kyle Gibson have signed for $11MM and $13MM, respectively, for reference.

The Rangers exceeded the tax threshold in 2023. If they surpass it next season, they’d be taxed at a heightened 30% rate as repeat payors on any spending between $237MM and $257MM (with heightened penalties if they surpass the $257MM mark).

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