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Blue Jays To Sign Adam Kloffenstein To Minor League Deal

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The Blue Jays and right-hander Adam Kloffenstein have agreed to a minor league deal, reports Ari Alexander of KPRC 2. The righty will also be in big league camp with the Jays as a non-roster invitee.

Kloffenstein, 24, returns to his original club. The Jays selected him in the third round of the 2018 draft. For the next few years, he was a somewhat notable prospect in Toronto’s system. Baseball America ranked him in the middle parts of the Blue Jays’ top 30 from 2019 to 2022. At the 2023 deadline, the Jays flipped him to the Cardinals as part of the Jordan Hicks trade.

The Cards added Kloffenstein to their 40-man roster last offseason to keep him out of the Rule 5 draft. That allowed him to make his major league debut in 2024, though he tossed only one inning. His Triple-A numbers weren’t amazing on the year, as he allowed 4.74 earned runs per nine innings over his 17 starts. His 49% ground ball rate was strong but his 19.4% strikeout rate and 10.9% walk rate were both subpar.

After that uninspiring year, the Cards decided to move on. Kloffenstein was non-tendered in November, getting sent to free agency without being put on waivers. That allowed him to return to the Jays on this minor league pact.

From 2021 to 2023, Kloffenstein tossed 341 1/3 minor league innings, most of that with the Blue Jays. The results in that time were a bit better than in his 2024 season. His 4.85 ERA still wasn’t especially impressive but his 24% strikeout rate was significantly better than last year’s clip, with comparable amounts of walks and ground balls.

The Jays are plenty familiar with Kloffenstein from his time in the system, so perhaps they believe there’s a way to get him back on track after a challenging season. The Jays have Kevin Gausman, Chris Bassitt and José Berríos locked into three rotation spots. Bowden Francis will probably get a chance to build off his strong finish in 2024. Guys like Yariel Rodríguez, Jake Bloss and Adam Macko are candidates for another spot. The Jays have been looking to upgrade that group this offseason and could push everyone down a peg but Kloffenstein gives them some non-roster depth alongside Eric Lauer. If Kloffenstein eventually gets a roster spot, he still has options and just a single day of service time.

Latest On Ryan Pressly

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12:40pm: Per a report from Chandler Rome, Sahadev Sharma and Patrick Mooney of The Athletic, the Tigers are also in the Pressly talks but it “may be unlikely” for the righty to approve a trade to Detroit.

9:19am: The Astros have been shopping right-hander Ryan Pressly throughout the winter, but those efforts didn’t gain much traction until recently. That’s understandable in the sense that the free-agent market for relievers was largely frozen until the past couple of weeks. Now, with free agent bullpen arms flying off the board, interest in Pressly has seemingly picked up. The Cubs, Blue Jays and one yet-unknown club out west have all shown serious interest in Pressly over the past 24 hours.

Pressly, however, has full no-trade protection by virtue of his 10-and-5 rights (ten years of major league service, five-plus years with his current team). He can nix any trade to a location he doesn’t want. That’s of extra note for Pressly as a Texas native who’s playing his home games a bit more than 200 miles south of Dallas, where he was born and raised. Jon Heyman of the New York Post reports this morning that Pressly has informed the Astros that he’s disinclined to approve a trade that’d send him too far east or west.

That would seemingly rule out both the Jays and any club on or near the west coast. It’s not yet clear which club out west is eyeing Pressly, though the D-backs have been vocal about their desire to add a closer. The A’s, Giants and Angels aren’t necessarily in the market for an experienced ninth-inning arm specifically, but all three could use another high-leverage arm in general.

All of that could be moot, however, if Pressly is wary of straying toward either coast and prefers to remain in Texas or somewhere in the country’s heartland. That could potentially bode well for the Cubs, though Heyman adds that Pressly has not yet made a decision one way or another on whether he’d approve a move to Wrigley Field. One swaying factor, speculatively speaking, could be that the Cubs would almost certainly use Pressly as their closer. That’s a role he filled — and filled quite well — in Houston from 2020-23, when he saved 102 games and pitched to a 2.99 ERA with a huge 31.5% strikeout rate in 198 2/3 innings. He was bumped to a setup role in 2024 after the Astros’ signing of Josh Hader on a five-year, $95MM contract.

Pressly’s 2024 season was solid all around but not quite up to his (lofty) prior standards. He logged a 3.49 earned run average over 56 2/3 innings and posted a 23.8% strikeout rate that stood as his lowest mark since the 2016 season. His 7.4% walk rate was comfortably better than league average but was still his highest mark in four years. His average fastball sat at 93.8 mph, per Statcast, marking his lowest number in more than a decade. Still, the right-hander’s broader track record is excellent. And, with the Astros potentially reengaging with Alex Bregman, there could be extra motivation for Houston to shed some payroll.

It’s hard to envision any scenario where the Astros re-sign Bregman and also dip beneath the luxury tax threshold, but shedding Pressly’s $14MM salary would lessen the sting of exceeding the tax line for what would be a second straight season. Per RosterResource’s projections, Houston is currently about $3MM north of the $241MM threshold.

Anthony Santander’s Contract With Blue Jays Includes Nearly $62MM In Deferrals

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The Blue Jays finalized their five-year free agent deal with Anthony Santander this week. The deal came with a $92.5MM guarantee but was known to include heavy deferrals. Sportsnet’s Ben Nicholson-Smith first reported on Monday that MLB calculated the contract’s net present closer to $70MM.

Shi Davidi of Sportsnet reported more specifics on the contract structure this afternoon. The NPV landed just under $68.6MM, which comes with an approximate $13.7MM annual competitive balance tax hit. The deal includes $61.75MM in deferred money. The specific layout is as follows:

  • $13.5MM signing bonus ($6.75MM deferred)
  • $13.5MM salary in 2025 ($10MM deferred)
  • $16.5MM salary in 2026 ($10MM deferred)
  • $16.5MM salary in 2027 ($10MM deferred)
  • $14.75MM salary in 2028 ($10MM deferred)
  • $12.75MM salary in 2029 ($10MM deferred)
  • $15MM club option for 2030; guaranteed a $5MM buyout, which would be completely deferred

Santander has an opt-out after the ’27 season. He’s owed $60MM over the first three years, so he’d be weighing whether to leave two years and $32.5MM ($25MM of which would be deferred) on the table. If he opts out, Toronto can override that by guaranteeing his 2030 salary at $17.5MM. That would also escalate Santander’s salaries for the 2028 and ’29 seasons to $17.25MM and $15.25MM, respectively. The maximum value is $110MM over six years — which would only be reached if Santander opts out and the Jays override it.

At the start of the offseason, the slugger was reportedly seeking five years and a nine-figure guarantee. He got the five years but came up well shy of $100MM from an NPV perspective. MLBTR predicted Santander for four years and $80MM at the beginning of the offseason. He beat that on raw money but did not get there in terms of net present value.

The Jays are into luxury tax territory. They’re taxed at a 20% rate on spending between $241MM and $261MM. They’re close to the $261MM cutoff. Adding Santander likely comes with around a $3MM tax hit for the upcoming season. Toronto would be taxed at a 32% clip for spending between $261MM and $281MM.

Blue Jays Have Also Shown Interest In Ryan Pressly

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If the Astros trade Ryan Pressly, the Cubs appear the likeliest landing spot. USA Today’s Bob Nightengale reported this evening that Chicago was nearing a deal for the veteran reliever. Multiple reports from the Houston beat indicated that Pressly has not agreed to waive his no-trade rights, however. It’s also not clear if the Cubs and Astros had agreed to a final trade package and were awaiting Pressly’s decision, or if the teams merely felt they were making progress in those conversations.

Chandler Rome, Sahadev Sharma and Patrick Mooney of The Athletic report that while the Cubs are serious suitors for the two-time All-Star, no deal is believed to be imminent. According to The Athletic, the Blue Jays and at least one mystery team from the West Coast have also expressed interest. Brian McTaggart of MLB.com similarly wrote this evening that the Astros have fielded interest from multiple clubs on Pressly.

In any case, the 36-year-old righty controls his destination. Pressly has full no-trade protection as a player with at least 10 years of MLB service and five-plus service years with his current team. He grew up in the Dallas area and has pitched in Houston since the 2018 trade deadline. His wife Katharine is a Houston native. It’s not out of the question that he and his family simply prefer to stay there.

Whether Pressly would waive his no-trade clause to join the Cubs, Blue Jays or anyone else remains to be seen. There is no definitive reporting that he is unwilling to move. All that is clear is that he has not approved a trade to this point.

This could be a key decision for Houston’s overall offseason. The Astros have an offer out to Alex Bregman. In recent days, they’ve resumed talks with their longtime third baseman. Bregman is still pursuing a long-term contract; Houston’s initial offer was reportedly for $156MM over six years. The Astros project around $3MM north of the base luxury tax threshold. Offloading a few million dollars could allow them to duck below the CBT line for the moment. Signing Bregman would undoubtedly push them back into tax territory, though that’s perhaps an easier sell for ownership than it would be to pay the CBT even if he walks.

Pressly combined for 110 appearances between 2023-24, which triggered a $14MM vesting option on his deal. That’s probably a little above market value but not dramatically so. José Leclerc and Andrew Kittredge each signed $10MM free agent contracts this winter. Blake Treinen, who is six months older than Pressly, landed two years at $11MM annually.

After serving as Houston’s closer between 2020-23, Pressly moved into a setup role last year. That was in response to their late strike to add Josh Hader on a five-year free agent deal. He had a solid season, working to a 3.49 earned run average through 56 2/3 frames. Pressly’s strikeout rate dropped to a league average 23.8% clip — his lowest mark since his 2018 breakout —  but he posted a solid 7.4% walk rate while picking up 25 holds.

The Cubs and Jays could each offer Pressly their closer role. Chicago has a few less experienced pitchers (e.g. Porter Hodge, Nate Pearson, Tyson Miller) who could compete for saves. Toronto has already added Jeff Hoffman, Yimi García and Nick Sandlin this offseason. That trio joins Chad Green and Erik Swanson in the high-leverage mix. Hoffman is probably the favorite for the ninth inning, but he has been a setup man for most of his career. He recorded 10 of his 12 career saves for the Phillies last season. Pressly saved at least 26 games in each of his three full seasons as Houston’s closer.

Latest On Blue Jays, Pete Alonso

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5:30pm: Tim Healey of Newsday provides a similar report to Martino, saying that the two sides are deep in talks. However, Shi Davidi and Ben Nicholson-Smith of Sportsnet report that there’s no gaining momentum for the Jays to sign Alonso or Scherzer.

3:05pm: The Blue Jays have been known for a while to have interest in free agent first baseman Pete Alonso. Andy Martino of SNY reports today that talks between the two sides are “advancing,” though he cautions that nothing is done yet and it can’t be certain that a deal will be completed.

Though nothing is done yet, it would be quite an interesting offseason pivot for the Jays if they could get the deal over the line. For the first few months of the winter, the club was defined by coming up just short in their pursuits of free agents like Juan Soto, Max Fried, Corbin Burnes and Roki Sasaki. When combined with last winter’s near miss on Shohei Ohtani and a disappointing 2024 season, frustration was high among the fanbase.

The volume of the murmuring decreased somewhat in recent days as the Jays signed outfield Anthony Santander to provide the lineup with a power boost. But even after that deal, it didn’t seem as though the Jays were done. They reportedly still have payroll space and have been recently connected to players like Alonso, Jurickson Profar and Max Scherzer.

If Alonso is ultimately brought north of the border alongside Santander, the two would make for fairly similar additions. Both players have power as their clear best trait, with their other contributions a bit more muted.

Alonso has clubs 226 home runs over the past six seasons, which puts him second only to Aaron Judge for that span. But despite that huge power, he has lingered unsigned in free agency as spring training is just over the horizon.

That is perhaps due to the other parts of his profile. His 9.9% career walk rate is a bit above average but not by much. He doesn’t have huge speed on the basepaths. The reviews on his defense have been mixed, with Alonso having earned +2 Defensive Runs Saved in his career but getting a grade of -24 from Outs Above Average. His offense has also been relatively lower of late. He slashed .261/.349/.535 through 2022 for a wRC+ of 137, but then hit .229/.324/.480 for a 121 wRC+ over the past two years.

That’s still really strong production but it’s possible that it contributed to a gap between what Alonso and his reps were expecting from free agency and what clubs were willing to offer. The power-only right-handed slugger is a profile that hasn’t been paid well in a while and Alonso’s recent dip may not have helped him.

Many expected him and the Mets to reunite but the club didn’t seem too keen on that. Even as Alonso and his reps have pivoted to considering short-term deals recently, the Mets apparently capped their offer in the range of $68-70MM over three years. That amounts to something close to $23MM annually, a lower average annual value than Cody Bellinger, Blake Snell and Jordan Montgomery were able to get even though they remained unsigned into February/March of last year.

It’s unclear what kind of terms Alonso and Jays are discussing, but he would be a sensible fit for them, despite his flaws. The Jays had some strengths last year but power was a clear weakness. Vladimir Guerrero Jr. was the only guy on the club to get to the 20-homer plateau. The team-wide tally of 156 long balls was 26th out of the 30 clubs in the league, ahead of only the Marlins, Rays, Nationals and White Sox.

Their walk rate, however, trailed only six teams. Their defense was considered quite strong, with DRS having them tops in the majors and OAA considering them the fourth-best. Therefore, adding a player who mostly provides power was a sensible target coming into the offseason.

They already made one such addition with Santander. Like Alonso, his power is a greater strength than his defense, speed or on-base ability. But the Jays are seemingly willing to go after the weakest part of their 2024 club and attack it.

Fitting everyone into the lineup would be a bit of a challenge. The Jays already have a first baseman in Guerrero. With Alonso on the club, the two would presumably share first base and the designated hitter spot somewhat regularly. Guerrero has played a bit of third base in his career but only 14 games in the past five seasons. Most of those came last year as the club was playing out the string on a lost season.

Without Alonso on the club, corner outfielders Santander and George Springer make sense as the top candidates to receive lengthy stints in the DH spot. As mentioned, Santander is not a great fielder. Springer has been a good defender in his career but is now 35 years old and he’s naturally sliding a bit in that department. Adding Alonso would limit the ability of the Jays to use Springer or Santander in the DH spot, unless they are willing to put Guerrero at third more often than expected. As of now, Ernie Clement profiles as the club’s best option at the hot corner. Since he’s more of a glove-first guy capable of playing other positions, it’s possible he could be deployed in more of a utility role. Speculatively speaking, it’s possible the Jays could start some games with Guerrero and Alonso at the corners, with Clement subbing in at third late in the game if the club is ahead and wants to prioritize defense. At that point, either Guerrero or Alonso could head to the bench, with the other at first.

It’s an interesting gambit and time will tell if the two sides get anything done. The Jays apparently still have some money to spend and have some options available. Whether that’s Alonso, Profar, Scherzer, someone else or some combination, it appears they are still busy in trying to salvage the offseason after a few misses earlier on.

Signing Alonso would also require the club to forfeit a draft pick and $500K of international bonus pool space because he rejected a qualifying offer from the Mets. The Jays already gave up pool space to sign Santander but added $2MM in the ill-fated Myles Straw deal when they were courting Sasaki, so they probably aren’t especially worried about that part. Since they already surrendered their second-best pick in the upcoming draft to get Santander, signing Alonso would mean also forfeiting their third-highest pick. The Mets would receive a compensation pick for Alonso leaving, but as a club that paid the competitive balance tax last year, that pick wouldn’t come until after the fourth round.

Rays Acquire Brandon Eisert

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The Rays have acquired left-hander Brandon Eisert from the Blue Jays, according to announcements from both clubs. The Jays, who designated Eisert for assignment earlier this week when they signed Anthony Santander, receive cash considerations in return. The Rays had an open 40-man spot and don’t need to make a corresponding move.

Eisert, 27, joins the second club of his career. Selected by the Blue Jays in the 18th-round of the 2019 draft, he worked his way up to make his major league debut last year. To this point, his big league track record is minimal. He tossed 6 2/3 innings for the Jays last year, allowing three earned runs.

The Rays are surely more interested in the southpaw’s minor league numbers, which have generally been strong. Over the past four years, he has logged 264 2/3 innings on the farm with a 3.76 earned run average, 29.1% strikeout rate and 7.7% walk rate.

Despite the strong minor league results, Eisert lacks the power arsenal clubs are usually looking to get from relievers these days. His fastball only averaged 91.2 miles per hour during his brief major league work. It was a tick lower in Triple-A, coming in at 90.2 mph last year. Perhaps the Jays expected that the relatively lower velocity would prevent him from succeeding in the majors as much as he did in the minors.

The Rays had an open roster spot and will use it to get a close-up look at Eisert. He still has options, which is surely appealing for a club that regularly rotates arms on and off its roster throughout the season. Garrett Cleavinger is the top lefty reliever on the club right now. They gave Mason Montgomery some work in the big league bullpen last year but he’s mostly been a starter in the minors. Eisert and Montgomery both have options, so it wouldn’t be a surprise for Tampa to have them taking turns on the big league roster as the second lefty behind Cleavinger, while shuttling to Triple-A from time to time.

MLBTR Podcast: Debating A Salary Cap, How To Improve Parity, More Dodgers Moves, And Anthony Santander

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Tim Dierkes of MLB Trade Rumors to discuss…

  • MLBTR’s poll asking whether fans want an MLB salary cap (0:30)
  • What does parity mean? (5:25)
  • Trying to assess where things stand for the next round of CBA talks (11:20)
  • How much would a salary cap actually improve parity and what other paths are there? (17:40)
  • What is the mentality of the players right now? (24:50)
  • How baseball is not like the other major sports (28:35)
  • The Dodgers trio of recent pitching additions: Roki Sasaki, Tanner Scott and Kirby Yates (31:55)
  • The Blue Jays signing Anthony Santander (40:30)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Blue Jays Sign Christian Bethancourt, Richard Lovelady To Minor League Deals

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The Blue Jays announced Wednesday that they’ve signed catcher Christian Bethancourt and left-hander Richard Lovelady to minor league contracts. Both players have been invited to major league camp during spring training.

Bethancourt, 33, had a decent showing at the plate as recently as 2022, when he slashed .252/.283/.409 (99 wRC+) with 11 homers in 101 games between the A’s and Rays. His bat has tanked since that time, with a combined .220/.250/.377 between Tampa Bay, Miami and Chicago (Cubs).

Once one of the game’s top-100 prospects, Bethancourt has never really found his footing as a big league regular. He moved on from catching entirely at one point, attempting to reinvent himself as a reliever, but he’s now spent several years back behind the plate. He’s a lifetime .229/.259/.367 hitter in the big leagues.

While that offense (or lack thereof) leaves plenty to be desired, Bethancourt has controlled the running game quite nicely thanks to a rocket arm that received 80 grades (on the 20-80 scale) during his prospect days. As the average caught-stealing rate has dropped to just 20.3% leaguewide following tweaks to the size of the bases and limits on pickoff attempts, Bethancourt has excelled. He thwarted 30% of stolen base attempts against him last year. Dating back to 2022, Bethancourt boasts a gaudy 29.9% caught-stealing rate. Over the past four seasons, only J.T. Realmuto, Patrick Bailey and Gabriel Moreno have contributed more value with their throwing, among catchers, per Statcast.

Bethancourt won’t be in the mix for the starting job in Toronto. That belongs to Alejandro Kirk. But the Jays’ only other catcher on the 40-man roster right now is journeyman Tyler Heineman, who has a .212/.298/.273 slash in 299 career plate appearances in the majors. Bethancourt could very well be in the mix for that spot, though time will tell if the Jays bring in a more established veteran to solidify that critical role. As it stands, an injury to Kirk would leave Toronto with Heineman and one of Bethancourt or fellow non-roster invitee Ali Sanchez as manager John Schneider’s top options behind the dish.

Lovelady, 29, split the 2024 season between the Cubs and Rays, struggling with the former but pitching pretty well for the latter. The southpaw gave Tampa Bay 28 2/3 innings of 3.77 ERA ball, albeit with a sub-par 16.8% strikeout rate. Lovelady’s 7.6% walk rate and 53.5% ground-ball rate were both strong marks, however, and the lefty has long shown an interesting blend of missed bats and grounders to go along with solid command.

Even with a decent showing for Tampa Bay, Lovelady was cut loose in November. The Rays designated him for assignment to open roster space for outfielder Jake Mangum, whom they wanted to protect from the Rule 5 Draft. Lovelady was non-tendered rather than traded or placed on waivers, immediately making him a free agent.

In 99 1/3 big league innings, Lovelady has a 21.1% strikeout rate, 8.4% walk rate and 50.9% grounder rate. He’s still been tagged for a 4.98 earned run average, thanks in large part to a 66% strand rate, but metrics like xFIP (4.27) and SIERA (4.02) have been more bullish than ERA. He’ll now try to catch on in Toronto, where the only lefty relievers on the 40-man roster are the inexperienced trio of Brendon Little, Easton Lucas and Josh Walker. Prospect Adam Macko also throws left-handed, but the Jays hope his future is in the rotation.

Dodgers Sign Roki Sasaki

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Jan. 22: The Dodgers have formally announced Sasaki’s signing. Baseball America, unsurprisingly, ranked Sasaki as the new No. 1 prospect in baseball this morning.

Jan. 17: The Dodgers have landed another star out of Japan. Roki Sasaki announced on Friday evening that he’s signing with Los Angeles. The Wasserman client will reportedly receive a $6.5MM signing bonus. The Dodgers have not officially announced the deal, which can be finalized at any point until the evening of January 23.

As an international amateur, Sasaki is limited to a minor league contract with a hard-capped signing bonus. He won’t immediately occupy a 40-man roster spot, though the team will certainly select him onto the MLB roster by Opening Day. In the end, it’s a fairly unsurprising result, though other outcomes seemed somewhat possible at times. The Dodgers have long been seen as the most logical landing spot for Sasaki, and though the Padres and Blue Jays tried to make surprising runs, the most likely outcome has now come to pass.

Sasaki’s free agency has been hotly anticipated for some time. He made his debut in Japan’s Nippon Professional Baseball in 2021 at the young age of 19 and went on to post outstanding results over the past few years. Thanks to triple-digit velocity on his fastball and a deadly splitter, he has managed to post a 2.10 earned run average in 394 2/3 innings over the past four years. He struck out 32.7% of batters faced and limited walks to a 5.7% clip.

That performance would have made him one of the top free agents of this or any offseason, which normally would have lined him up for a massive payday. However, Sasaki seemed determined to start his major league career as soon as possible, without much regard for money.

If he had waited until he turned 25, he would have been considered a professional under MLB rules, and thus able to sign for any amount the market would bear. That was the route taken by Yoshinobu Yamamoto, who secured a $325MM guarantee from the Dodgers last offseason.

But Sasaki is making the move now, having just turned 23 years old, meaning he is considered an amateur and thus subject to MLB’s international bonus pool system. Under that system, each team gets a set amount to spend on international amateurs annually. This year, each team gets between $5-8MM, a paltry amount compared to what Yamamoto secured. That at least made it theoretically possible that any club could sign him, since the big-spending clubs couldn’t outmuscle the smaller clubs like with many other free agents.

However, despite that theoretical even playing field, there were still many good reasons to expect the Dodgers to emerge victorious. Sasaki and his agent Joel Wolfe didn’t reveal much about the player’s preferences, but logically, the Dodgers are an attractive landing spot. They play on the West Coast, which is often appealing for players coming over from Asia simply due to the relative proximity. They have a strong track record of on-field success, having made the playoffs in each year going back to 2013 now and having just won the World Series a few months ago. They also roster a couple of other Japanese stars in Yamamoto and Shohei Ohtani.

It wasn’t known how much Sasaki would weigh those factors compared to others. Wolfe pushed back on the notion that Sasaki cared about the presence of other Japanese players. He also suggested last month that Sasaki might prefer a smaller market, on account of some friction with the media during his time in Japan.

There were some arguments to possibly consider scenarios where he would prefer to go elsewhere. The Padres could have offered a smaller market than the Dodgers and it was reported that Sasaki has a strong relationship with current Padre Yu Darvish. The Blue Jays are owned by Rogers Communications, the club’s primary broadcaster, potentially giving them the ability to lower Sasaki’s access to the media. The fact that they are the only MLB team in Canada also theoretically opened up more endorsement opportunities from Japanese companies, as opposed to sharing the L.A. market with Ohtani and Yamamoto. The Jays also had a larger international bonus pool than the Dodgers and added to it by acquiring more pool space from the Guardians in a trade earlier today.

But despite any short-term drama that played out this offseason, the most obvious thing has happened. Sasaki has joined a team that is already loaded with stars like Ohtani, Yamamoto, Mookie Betts and Freddie Freeman. 2005 was the last time the Dodgers won fewer than 80 games and now they are adding another hugely talented player into the mix.

Adding Sasaki’s talent is a huge boost to the roster but it’s also massive from a financial point of view. As an amateur, Sasaki will only be able to make the league minimum this year and until he qualifies for arbitration or signs an extension. That’s a massive thing for a club like the Dodgers, who already owe big sums of money to their aforementioned stars as well as Blake Snell, Tyler Glasnow, Teoscar Hernández and plenty of others.

It also gives them an embarrassment of riches in the rotation, at least in terms of pure talent. Their rotation mix now includes Sasaki, Ohtani, Yamamoto, Glasnow, Snell, Tony Gonsolin and Dustin May. It’s a near inevitability that Clayton Kershaw will eventually re-sign. Even with each of Gavin Stone, Emmet Sheehan, Kyle Hurt and River Ryan set to miss most or all of next season, the Dodgers’ rotation should run eight or nine names deep. Landon Knack, Justin Wrobleski, Nick Frasso and formerly touted rookie Bobby Miller are all on hand as depth starters.

It’s a staggering amount of talent for one team. The Dodgers won the World Series last year in spite of their playoff rotation. This year, the rotation should be a strength going into October. That’s despite the injury risk associated with essentially everyone in the group. Glasnow has never surpassed 134 MLB innings in a season. Yamamoto was limited to 18 starts in his first MLB season by a rotator cuff strain. Snell has only topped 130 frames twice. Kershaw, Gonsolin and May all missed most or all of last season recovering from major surgeries. Ohtani underwent elbow surgery late in 2023 and didn’t pitch last year.

Sasaki comes with plenty of durability questions in his own right. He averaged fewer than 100 innings per season over his four years in NPB. He never reached 130 innings and was limited to 111 frames across 18 appearances a year ago. Sasaki had a pair of injuries in 2024: an oblique tear and shoulder fatigue.

The Dodgers will happily take the tradeoff of some IL stints for rate dominance. Los Angeles doesn’t place much value on bulk innings. They’re content to embrace injury risk as they chase pitchers with top-of-the-rotation upside. That’s enabled in part by their resources, of course, though money isn’t a factor for Sasaki.

Every team would have been thrilled to sign Sasaki for $6.5MM. The Dodgers will also owe a $1.3MM posting fee to the pitcher’s NPB team, the Chiba Lotte Marines. The posting fee is proportional to the size of the player’s signing bonus. As Sasaki’s bonus was capped at a few million dollars, the Marines were limited to 20% of whatever he received.

It comes out to a $7.8MM investment to land Japan’s most talented pitcher. The Dodgers have signed arguably NPB’s best pitcher in consecutive offseasons. They’ll have Sasaki for the standard six-year window of team control associated with the promotion of any prospect. He’ll be slated for salaries around the league minimum for the next three seasons. He’d then go through three years of the arbitration process. MLB rules prohibit the Dodgers and Sasaki from reaching any kind of understanding regarding a contract extension to circumvent the bonus pool limits. While there’s no official cutoff for when the Dodgers could look to extend Sasaki, they cannot have any sort of unofficial long-term deal in the works right now.

The Dodgers opened this signing period tied with the Giants for the lowest bonus pool. They had $5.1462MM to spend on international amateurs on January 15. The Dodgers allowed a few of their verbal agreements with teenage prospects to lapse to keep open funds for Sasaki. They added to their pool by dealing minor league outfielder Dylan Campbell to the Phillies and sending outfield prospect Arnaldo Lantigua to Cincinnati tonight. Their precise bonus allotment isn’t known, but Sasaki will take the vast majority of the pool. That’s a trade every team would happily make for a potential plug-and-play ace.

It’s a brutal blow for fans of the other two finalists. The Padres found out this morning that they were out of the mix. They have multiple holes in their rotation and now face an even tougher challenge in the NL West. The Blue Jays finish as the runner-up on yet another marquee free agent talent. Toronto has lost out on Ohtani, Juan Soto, Corbin Burnes and Sasaki (among others) within the past two offseasons alone.

Jack Harris of the Los Angeles Times first reported the signing bonus. Image courtesy of USA Today Sports.

Blue Jays Still Have Payroll Space After Santander Signing

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The Blue Jays held their introductory press conference for big-ticket free agent acquisition Anthony Santander on Tuesday. General manager Ross Atkins told the Toronto beat that the club still has some financial flexibility after finalizing that five-year pact (link via Keegan Matheson of MLB.com).

Atkins didn’t provide much in the way of specific targets. He noted generally that the front office will continue to pursue upgrades on both the position player and pitching sides. Toronto has been linked to the likes of Max Scherzer and Jurickson Profar within the past few days. They’ve long been tied to Alex Bregman and Nick Pivetta and have been mentioned as a potential Pete Alonso suitor. Most of the top remaining free agents have been at least loosely connected to the Jays at some point over the offseason.

If the Jays make a move on the pitching side, they could focus on the rotation. Ben Nicholson-Smith of Sportsnet wrote on Monday that they have been “less aggressive” in attacking the bullpen since they signed Jeff Hoffman to a three-year deal. Toronto had acquired Nick Sandlin and re-signed Yimi García earlier in the offseason. They join holdovers Chad Green and Erik Swanson as potential leverage options. That’s still not the most formidable bullpen, but it’s far better than the group which Toronto carried into the offseason.

A rotation pickup could also indirectly improve the relief corps. Yariel Rodríguez can pitch in either role. He’s currently penciled in as the fifth starter behind Kevin Gausman, José Berríos, Chris Bassitt and Bowden Francis. Signing a starter would allow the Jays to use Rodríguez as a multi-inning reliever if everyone is healthy coming out of camp.

There are a few areas for possible upgrade on the position player side. Even after adding Santander, they could accommodate a corner outfielder. Adding a left fielder would allow them to keep Santander in right field and use George Springer as a designated hitter and rotational outfielder. Their third basemen are mostly unproven at the major league level, though a second big infield pickup (following the Andrés Giménez trade) could block the path for the likes of Will Wagner, Orelvis Martinez and Addison Barger to get opportunities to prove themselves.

The Jays dipped narrowly below the luxury tax threshold last year. They’re well beyond the $241MM base number this season. RosterResource calculates their CBT figure around $263MM — $2MM above the second penalization tier. That includes an $18.5MM estimate for Santander, though the deferrals in his contract are expected to push the “true” average annual value closer to $14MM. That could drop the Jays back into the first tier once the Santander terms are fully reported, but any acquisition of significance is likely to push them back into the second tier.

Toronto will pay a 20% tax on spending between $241MM and $261MM and will be taxed at a 32% rate for spending between $261MM and $281MM. The penalties escalate further if they go past $281MM, which would also push their top pick in the 2026 draft back by 10 spots.

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