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MLB Mailbag: Yankees, Arenado, Adolis, Orioles, Red Sox, Bohm, Robert

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This week's mailbag gets into the Yankees and Nolan Arenado, whether Adolis Garcia will bounce back, the Orioles' position player surplus, possible Red Sox extensions, fits for Alec Bohm, a pair of hypothetical trade offers, and more.

Ralph asks:

Why are we seeing so many ideas for trades if the Yankees are so close to the threshold? If does not seem that anyone wants to take salary off of the Yankees, so how could they afford Bregman, Arenado or anyone else?

George asks:

The Yankees and Nolan Arenado seem like great fits for each other. Arenado at third would be an upgrade defensively, and he teams back up with Goldy. Jazz moves back to second. With Volpe at short, the infield should be sound defensively.

I know Mo turned down an Arenado for Stroman swap, but perhaps he might reconsider a trade involving Stroman as Spring Training arrives. The Cardinals were rumored to be interested in Clayton Beeter maybe a year or so ago. Also, they could use a right-handed bat.

Do see any pathway forward for a trade that satisfies the needs of both teams?

Daniel asks:

Will the Yankees eventually make a deal for Arenado and dump Stroman to the Cards?

The Yankees' competitive balance tax payroll sits around $305MM, according to RosterResource.  So they're already over the last threshold and will pay a 110% tax on every dollar added.  Back in May, Yankees owner Hal Steinbrenner famously said, "Look, I’m gonna be honest, payrolls at levels we’re at right now are simply not sustainable for us financially."  So while the Yankees had a CBT payroll of $316MM in 2024, it's fair to suggest they won't go much higher and might simply subtract.

It's worth keeping in mind that Stroman is not directly tied to Arenado.  The Yankees may simply eat, say, $10-12MM of the $18MM owed to him and enjoy the salary and tax savings.

We touched on this last week, but reporting this offseason has suggested the Yankees' interest in Arenado ranges from non-existent to modest.  Yesterday, Katie Woo of The Athletic wrote, "The New York Yankees have continued to check in on Arenado as well, league sources said, but payroll concerns from both organizations have made a trade unlikely at this point."

Arenado's situation seems more tied to Alex Bregman and the Red Sox than anything to do with the Yankees.  Regarding the financial aspect, two days ago, Derrick Goold of the St. Louis Post-Dispatch wrote, "It’s become apparent how teams want the ticking clock to pressure the Cardinals into covering more salary than the $15 million-$20 million they have expected."

Before the Cardinals kick in a dime, Arenado's CBT hit is somewhere below $21.33MM per year, since A) the Rockies are paying $10MM of his remaining $74MM and B) $12MM is deferred without interest until 2032.  We can use $20MM as an estimate here.

There are two related complications with Arenado.  The first: how is he going to perform over the next three years?  Some projection systems say he'll stick right around 3 WAR in 2025.  On the other end, the aforementioned The Bat X puts him at 1.4 WAR.  Wherever you project for '25, Arenado's age-34 season, you'd factor in further decline for his age-35 and 36 campaigns.

In his recent chat, Derrick Goold wrote, "[The Yankees] want to take on the player but have the Cardinals take on the financial risk that Arenado would repeat this past year. That way it was all upside for the Yankees with the 'value' of Arenado's performance. They would be on the hook for what they considered the cost of him producing like he did in 2024, and the Cardinals would cover the rest."

I'd love to sit down with Brian Cashman and unpack that, because Arenado was worth 2.5 WAR per Baseball-Reference and 3.1 WAR per FanGraphs.  Looking at various free agent position players who signed for one year, such as Gleyber Torres, Paul Goldschmidt, Carlos Santana, and Max Kepler, the market has paid these types roughly $5-9MM per projected WAR.

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Which Teams Should Still Sign A Free Agent Starter?

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Spring training is beginning to kick off around the league, and as is perennially the case, there are a handful of notable free agents still looking for homes. That's of particular importance for the group of starting pitchers who still remain unsigned. Over the years, we've typically (not always) seen late-signing hitters struggle less than late-signing pitchers. Starting pitchers, in particular, seem to benefit from a full, gradual ramp-up rather than the sort of accelerated build that inherently comes with a mid-March signing.

Nick Pivetta stands as the most notable starter who's yet to find a landing spot. He's surely been impacted by the qualifying offer that's hanging over his head. Any team other than the incumbent Red Sox would need to forfeit at least one draft pick (possibly two, depending on CBT status) in order to sign the longtime Boston righty. Others still on the market include veteran mid-rotation or back-end starters Andrew Heaney, Jose Quintana, Kyle Gibson, Cal Quantrill, Ross Stripling, Lance Lynn and Patrick Corbin -- just to name some. (A full list can be seen here.)

This time of year, there's plenty of talk about teams that still need to add an arm. That can take different shapes, however. I wrote about the Mets' rotation for Trade Rumors Front Office subscribers last week, but the Mets aren't necessarily the type of team that needs to go out and add an innings eater to step into the fourth or fifth spot in the rotation. They have myriad options there already. Any addition for them, presumably, would be a clear-cut playoff starter. It's a similar situation with the Orioles, Cubs, Blue Jays and many other postseason hopefuls. Other clubs, like the Tigers and Pirates, have a mostly set group with a bevy of interesting young, MLB-ready top prospects knocking on the door. Signing Quintana or Gibson to eat innings likely isn't in the cards for teams in either of these groups.

At this stage of the offseason, some of those available free agents might need to wait for a spring injury or a trade to create the opportunity they seek. But there are still teams around the league that are rather clearly in need of some steady innings in the Nos. 3-5 spots in the rotation. Let's run through some clubs that have the need and, as crucially, the budget (or lack thereof) to add an established veteran arm to the back of the staff.

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Trade Rumors Front Office Subscriber Chat With Steve Adams: Today, 3pm CT

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MLBTR's Steve Adams is hosting a chat with today at 3pm CT, exclusively for Trade Rumors Front Office subscribers.

 

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The Mets Haven’t Done Enough With Their Rotation

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In nearly every aspect, it's been a banner offseason for the Mets. They signed one of the most coveted free agents in MLB history to the largest contract in North American sports. They brought back a franchise cornerstone their preferred way: a short-term deal that doesn't run the risk of overcommitting long-term. They re-signed the lefty who carried their rotation in the season's second half in what looks like a potential late-blooming breakout. They grabbed one of the most underrated relievers not just in this year's class but throughout the sport in general. Juan Soto, Pete Alonso, Sean Manaea and A.J. Minter make for a terrific quartet of headline additions, with a broad-reaching swath of depth moves also on the books.

Keeping Manaea was an undeniable boon to Carlos Mendoza's rotation, even if it came at a generally steep cost. As shown in MLBTR's Contract Tracker, Manaea is one of just five starters in the past decade to secure a $25MM AAV over three or more years beginning in his age-33 season or later. Teams generally are loath to commit this type of money in a pitcher's mid-30s, but the left-hander's performance and the bull market for starting pitching early in the winter coalesced to land him (and 35-year-old Nathan Eovaldi) a rare contract for pitchers in this age bracket.

The rest of the Mets' moves in the rotation, however, have been lackluster. Mets president of baseball operations David Stearns came to Queens with a reputation of eschewing long-term deals from his time heading up the Brewers' baseball operations department. There was some question as to how much of that stemmed from Milwaukee's perennially bottom-third payroll and how much was a philosophical directive from Stearns himself. The two offseasons with Stearns at the helm for the Mets don't represent a large enough sample to say he simply won't go long-term for a pitcher under any circumstances, but signs point to the likelihood that his avoidance of large-scale pitching contracts in his Brewers days wasn't solely a product of owner Mark Attanasio's frugality.

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Front Office Subscriber Chat Transcript

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MLBTR’s Anthony Franco held a live chat today, exclusively for Front Office subscribers!

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The Nationals’ Long-Term Payroll Flexibility

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The Nationals have opted for another risk-averse offseason. At the end of last season, Washington general manager Mike Rizzo teased the possibility for an impact lineup addition.

“We need a couple of bats that can hit in the middle of the lineup and take the onus off some of these good young core players and assist them in the run creation of our offense. We have the core players to be middle-of-the-lineup hitters,” Rizzo told MLB.com’s Bill Ladson. That provided some hope that the Nats would make a big free agent push, but that has not come to be.

Nathaniel Lowe and Josh Bell have been Washington’s biggest lineup acquisitions. Lowe, whom the Nats acquired from Texas for reliever Robert Garcia, has been a well above-average hitter in three consecutive seasons. He’s a legitimate middle-of-the-order bat. A reunion with Bell, who has been one of the game’s streakiest hitters throughout his career, on a $6MM free agent deal is less exciting.

Lowe, who will make between $10.3MM and $11.1MM in his penultimate arbitration season, has been Washington’s costliest acquisition for 2025. They took a $9MM flier on Michael Soroka and brought back Trevor Williams for two years and $14MM. They’ve made minimal commitments to Shinnosuke Ogasawara ($3.5MM over two years), Jorge López ($3MM) and Amed Rosario ($2MM). Williams and Ogasawara are the only players to whom they’ve committed multiple years. The latter’s contract pays him like a seventh or eighth starter. Lowe is under arbitration control for another season that could cost upwards of $15MM, but the Nationals could trade or non-tender him if they’re not keen on that price.

It wasn’t the kind of headline-grabbing offseason that suggests the front office felt they were a move or two away from pushing the top three teams in the NL East. They remain the fourth-best team in the division on paper. Lowe could be a legitimate 2-3 win upgrade over last year’s collection of first basemen, who hit just .241/.310/.376. Beyond that, they’re mostly relying on internal improvements.

The Nationals dramatically cut spending during their rebuild. The Lerner family considered selling the franchise and didn’t want to saddle potential buyers with long-term deals. While they’re no longer actively exploring the sale possibility, maybe they haven’t given Rizzo and his front office leeway to make a significant splash.

If that’s the case, the front office’s actions have been understandable if largely unexciting. This roster still seems to be a year away from viable playoff contention. Pursuits of even upper middle tier free agents like Anthony Santander or Sean Manaea were unlikely to change that. They were never going to seriously threaten the Mets, Yankees, etc. on Juan Soto. A top-of-the-rotation arm like Corbin Burnes or Max Fried might have provided the ceiling boost needed in the rotation, but that requires an ownership group willing to approve a $200MM+ free agent deal.

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MLB Mailbag: Guerrero, Alonso, Yoshida, Alcantara, Cubs, Mariners

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This week's mailbag gets into Vladimir Guerrero Jr. vs. Pete Alonso, whether the Mets should move on from Alonso, whether any MLB trade was as shocking as the NBA's Luka Doncic deal, those who feel this MLB offseason has been dull, how much the Red Sox would have to eat on Masataka Yoshida's contract, possible Sandy Alcantara suitors, and much more.

Jed asks:

Why is the general expectation that Vladimir Guerrero Jr. will get over $400m in free agency next winter for 10+ years despite being a defensively limited, slow-footed, right-hand batting first baseman. With Pete Alonso, I've seen so much coverage about how he may not get more than a $23m AAV from the Mets for no more than three years total. Obviously Pete is 4 years and three months older than Vlad Jr., and would be playing his age 30-32 seasons on a three-year deal. But Vlad Jr. will be 27 in 2026, the first year of his presumptive 10+ year mega deal. After those first three seasons on Vlad's hypothetical 10+ year mega deal, he will also be playing his age-30 season in the fourth year of such a contract, presumably at a $40m AAV.

Aside from getting his age 27-29 seasons, why are pundits convinced that an expensive, long-term deal for Vlad Jr makes more sense than a short-term deal with a $23m AAV for Alonso (especially considering that since their 2019 debut seasons, Alonso has hit 66 more homers and posted a higher slugging percentage)? Why is everyone convinced that Vlad Jr represents a better long-term bet to succeed than Ryan Howard, Prince Fielder, and all the other countless examples of RHB 1B who failed to produce in their 30s?

I can't speak to general expectations; only my own.  I encourage you to re-read what I wrote on this on December 10th.  A key point was, "So much depends on which Guerrero shows up in 2025."

I strongly prefer the wRC+ stat to home run totals and slugging percentage.  We need to account for offensive contributions other than the home run, and in a more logical way than slugging percentage (a home run is not worth four times as much as a single, for example).  Guerrero has two elite seasons with the bat: 2021 and 2024.  In those years, he hit so well that his defense was an afterthought and he was worth 5-6 WAR.  Juan Soto had six 5-WAR-ish or better seasons under his belt prior to free agency (extrapolating his rookie year and the shortened 2020 season), and it's because he's never posted worse than a 143 wRC+.

Guerrero sandwiched a 132 and 118 season between his 160+ ones, and hitting in that more human range can drop him all the way to 1-3 WAR.  That's a guy you very much don't want to be paying $40MM a year.  But Vlad always has the batted-ball data to back up elite offense, and with another 160+ season I do think offers reach $400MM+.

Alonso's best season was his rookie year with a 144 wRC+.  His second-best was 141 in 2022.  He's been at 121 over the last two years.  He's a 2-3 WAR player who's shown a ceiling of 4 WAR.  Guerrero has shown more variance, but his ceiling has been 6 WAR and he nearly reached it in the recently-completed season.

In comparing age, I'd look at the Opening Day difference of each player's first year under a new free agent contract.  In other words, comparing age at 4-1-25 for Alonso to 4-1-26 for Guerrero.  Using that approach, Guerrero is 3.27 years younger.  Those being prime years, they're incredibly important when it comes to free agent contracts.

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Trade Rumors Front Office Subscriber Chat Transcript

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MLBTR's Steve Adams hosted a chat today, exclusively for Trade Rumors Front Office subscribers.

 

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The Giants Shouldn’t Call It An Offseason Yet

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The Giants' offseason got out to a roaring start and has quieted to something of a murmur. Even before the winter truly began and they formally announced a changing of the guard in baseball operations, then-advisor and now-president of baseball ops Buster Posey at least had a hand in (if he wasn't firmly driving the bus) extending Matt Chapman for six years and $151MM. At his introductory press conference, Posey offered up the following quote:

"I think back on some of my earliest memories walking into a spring training clubhouse -- walking in and seeing Willie Mays sitting at a table with Willie McCovey and Gaylord Perry, Juan Marichal. The next week it's Will Clark, Jeff Kent, Barry Bonds. I always appreciated -- and I don't think I appreciated it as much when I was a younger player -- but as time went on, I appreciated what that meant not only to the community but to us as players. There's a standard and expectation for being a San Francisco Giant. It's a privilege to try to go out on the field and hold ourselves accountable to that standard. You can go more toward my era, with [Matt] Cain and [Tim] Lincecum, [Madison] Bumgarner and [Brandon] Crawford and [Brandon] Belt. What I came to realize is sure, all those guys were great players and part of great teams, but what those guys ultimately meant to the San Francisco Giants fanbase and the community was memories. And all of us that are lucky enough to get to be involved in baseball in whatever capacity, understand that not only is it the greatest game in the world, but we're in the memory-making business. It's ultimately entertainment. It's an opportunity for grandparents and parents to share memories. It's an opportunity for strangers sitting out in the bleachers to share a great memory that happens at the ballpark and that can be talked about from that time on for the rest of their life, potentially."

Just over a month into the offseason, that mentality appeared to be on full display. Willy Adames put pen to paper on the largest contract the franchise had ever handed out: a seven-year, $182MM contract. The team was tied to marquee free agents like Corbin Burnes and looked into trades for star players like Kyle Tucker and Garrett Crochet, ultimately balking at the notion of including top prospect Bryce Eldridge in a package for either. Still, it was a promising start to a winter after years of the Giants eschewing bids for high-end free agents and generally showing an aversion to long-term commitments.

The vibe surrounding the Giants seems much different just six to seven weeks later. The Giants' most recent move was a cost-saving trade. Posey is now expressing that he's comfortable with the roster as currently constructed.

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Trade Rumors Front Office Subscriber Chat Transcript

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MLBTR’s Darragh McDonald held a live chat today, exclusively for Trade Rumors Front Office subscribers.

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