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More Notes On The Josh Hamilton Trade

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In the press conference announcing the deal that sent Josh Hamilton from the Angels back to the Rangers, the slugger explained that he wishes he never left Texas, as Evan Grant of the Dallas Morning News reports. GM Jon Daniels, who explained that it was “a pretty easy decision” to add a player of Hamilton’s ability. (Though he did not say so explicitly, the slight investment required obviously played a significant role.) For his part, Hamilton expressed disappointment with how his tenure with the Angels ended, saying that he had worked hard there even if the results were disappointing.

We already ran some early reactions to the deal before it was finalized. Here are some more notes and reactions from around the game:

  • Grant breaks down the support system and plan that the Rangers hope will allow them to keep Hamilton healthy and focused. In terms of timing, Hamilton will report immediately to extended spring training and head shortly thereafter to Triple-A for a rehab stint. The Rangers are targeting a return to big league action in mid to late May, says Daniels, with Grant pegging the club’s May 11-17 homestand as a possible debut.
  • Before the deal was consummated with the Rangers, Hamilton used his no-trade protection to block a deal that would have sent him to a National League club, Ken Rosenthal of FOX Sports reports (Twitter link). While that proposal would not have required Hamilton to give up any salary, the 33-year-old was willing to sacrifice cash to facilitate a return to Texas.
  • Some players around the game are unhappy with the way the Angels handled Hamilton’s relapse, tweets Rosenthal. In particular, perceptions are that the club violated the confidentiality provisions of the Joint Drug Agreement.
  • This deal is not really the win-win it is being made out to be, argues Rosenthal, who labels it “an ugly divorce, a forced second marriage, a series of events that never should have been set in motion.”
  • Meanwhile, MLB.com’s Lyle Spencer suggests that the Halos may have been acting with a higher purpose in making the deal, because there is a real risk that it will blow back from a baseball perspective.
  • Relieving themselves of some $20MM in salary obligations does not make a Huston Street extension any more likely for the Angels, MLB.com’s Alden Gonzalez tweets. That decision will come down to the club’s assessment of the reliever’s worth, it appears; it is worth noting, of course, that Street has enhanced his value with an excellent start.
  • My take: with Hamilton apparently determined to return to the Rangers, and the Angels committed not to continue their relationship, this was obviously the best that Los Angeles could do. Had the team simply cut bait with Hamilton, he would have been free to sign with the Rangers for the league minimum salary. Of course, it remains fair to debate whether the Angels could or should have given Hamilton another chance to make good on his deal, but the club did at least ensure that he landed in the best possible situation. For Texas, meanwhile, the move has plenty of upside — both on the field and in the ticket office — which more than justifies the marginal financial risk.

Rangers Acquire Josh Hamilton

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7:02pm: The Angels will actually save approximately $20MM in total on the deal, Jeff Fletcher of the Orange County Register reports. Texas will pick up about $6MM of the tab, with the remainder of the savings coming from Hamilton sacrificing salary, per the report.

The $20MM is spread unevenly over the three years covered by the contract, per Fletcher. He adds that the deal “likely” has language providing that the Angels would recoup additional money if Hamilton loses pay due to suspension.

After starting the season about $12.5MM under the luxury cap for the current year, the Halos now have closer to $20MM in space, per MLB.com’s Alden Gonzalez (via Twitter). That extra cushion could make the Halos an even more active buyer on the summer trade market than had already been expected.

3:17pm: The wording of the deal — “in exchange for a player to be named later or cash considerations” — is a mere formality, tweets Jeff Wilson of the Fort Worth Star-Telegram. A source tells Wilson that the Rangers aren’t giving up anything of real value to acquire Hamilton.

2:34pm: The Rangers announced today that they have re-acquired outfielder Josh Hamilton from the Angels in exchange for a player to be named later or cash considerations. The Rangers will also be receiving cash from the Angels, the team added, and previous reports have indicated that Texas will be on the hook for less than $7MM of the money that is he owed. To clear a spot on the 40-man roster, right-hander Nick Tepesch has been transferred to the 60-day DL.

Josh Hamilton

The transaction represents a homecoming of sorts for Hamilton, who was named the American League MVP as a member of the Rangers in 2010 and appeared in five consecutive All-Star games with Texas from 2008-12. The Rangers will reportedly pay Hamilton just $2-3MM of what he’s owed, and Hamilton will give up about $6MM worth of guaranteed money, which will be offset by the lack of income tax in the state of Texas. The Angels are saving somewhere in the vicinity of $8MM of what he’s owed over the rest of his contract, and the deal has reportedly been restructured to give Hamilton an opt-out clause with a significant buyout following the 2016 season.

Hamilton’s return to Texas was, of course, prompted by a relapse into substance abuse this offseason that led to a perhaps too-public look into the outfielder’s personal life and created a great deal of drama and controversy. After a panel composed of two league officials and two players union representatives deadlocked on whether or not Hamilton had violated his treatment program with the relapse, an arbitrator ruled that he had not, and therefore could not be suspended by the league. The news came as a surprise to many, and reports indicated that commissioner Rob Manfred had indeed intended to suspend Hamilton before the arbitrator eliminated that as a possibility. While the factors that led to the ruling remain unknown, Hamilton likely helped his cause by coming forth voluntarily and admitting his relapse.

Today’s trade brings to a close a tenure with the Angels that was marred not only by this most recent controversy, but also by injuries and a failure to live up to the lofty expectations that came along with his hefty five-year, $125MM contract. Hamilton was not entirely unproductive for the Halos, as his .255/.316/.426 batting line translated to a 110 OPS+. However, the level of production that he provided certainly didn’t line up with his average annual salary of $25MM, or even the $34MM he received in 2013-14 on the backloaded contract. The Angels, of course, will remain on the hook for the majority of that salary.

Hamilton and the Rangers will both hope that a return to a familiar environment will help to rekindle some of the production that made him one of the most feared hitters in baseball for half a decade. From 2008-12, .305/.363/.549, averaging 28 homers per season and 36 per 162 games played. Once he’s fully recovered from shoulder surgery, which should be in mid-to-late May, Hamilton will presumably slide into left field. Texas currently has little in the way of long-term options at the position, with the possible exception of Ryan Rua, who is currently on the shelf sprained ankle and a fracture in his right foot. Opposite Hamilton will be another corner outfielder whose production has yet to live up to his eye-popping contract — Shin-Soo Choo. That Rangers’ hopes for contention in the near future will now be tied to the performance of that duo, as well as first baseman Prince Fielder, as the three under-performing but well-compensated former All-Stars have each been shadows of their former selves in recent years.

Of course, though Hamilton hasn’t been gone from the Rangers for that long, the organization still looks markedly different than it did in his final year. Manager Ron Washington abruptly resigned late last season, and he’s since been replaced by Jeff Banister, whose hiring prompted former bench coach (and managerial hopeful) Tim Bogar to join the Angels. Michael Young has retired, while Ian Kinsler has been traded to the Tigers. Nelson Cruz has signed a pair of free agent contracts with other teams since Hamilton’s departure, and Mike Napoli is in his third year with the Red Sox. The team is not without its share of familiar faces for Hamilton, however, as he’ll be reunited with the likes of Adrian Beltre, Elvis Andrus, Leonys Martin, Neftali Feliz, Derek Holland and Colby Lewis, among others.

Billy Casey of Shutdown Inning and Brandon Land of One Strike Away first reported trade talks between the two sides more than a week ago. SI.com’s Michael McCann reported that the Angels could part with him in a matter of days, and FOX’s Ken Rosenthal reported that a trade was looming (Twitter links). MLB.com’s T.R. Sullivan first tweeted that a trade to the Rangers was close, and CBS’ Jon Heyman added that an agreement was in place. Evan Grant of the Dallas Morning News and Jeff Wilson of the Fort Worth Star-Telegram each added details on the financial components of the trade, with Grant adding mention of the opt-out clause. Mike DiGiovanna of the L.A. Times tweeted that everything was done, pending league approval, and MLB.com’s Alden Gonzalez was the first to tweet that the deal would be likely announced on Monday. Heyman tweeted shortly before the announcement that the deal had been finalized.

Photo courtesy of USA Today Sports Images.

Hamilton Trade Expected To Be Finalized Soon

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SUNDAY 10:24pm: The deal is likely to be completed Monday, Gonzalez tweets.

7:19pm: The Angels indicate that they do not expect to have any announcements today, MLB.com’s Alden Gonzalez tweets. That suggests that the trade won’t become official until Monday or later.

1:25pm: The trade is expected to be finalized today, tweets Sullivan. Yahoo! Sports’ Jeff Passan adds (via Twitter) the trade is now in the “I-dotting, T-crossing stage.”

SATURDAY: The Rangers are still awaiting approval on the rumored Josh Hamilton deal, writes T.R. Sullivan of MLB.com. Sullivan’s source with the Rangers see no impediment to finalizing the agreement. As Jeff Fletcher of the Orange County Register tweets, the swap is slow moving because it involves five parties – the Angels, Rangers, Hamilton, the commissioner’s office, and the players’ union.

The Rangers are expected to cover about $7MM of the roughly $82MM remaining on his contract. Since Texas has no income tax, Hamilton is reportedly willing to renegotiate the size of his contract. Per Sullivan, the club is eager to complete the trade. Hamilton is in the midst of rehab for a shoulder injury. The Rangers would like to get him out to their Arizona facility at the earliest opportunity.

Some might recall that Hamilton was “booed out of Texas,” writes Yahoo’s Tim Brown. However, he’ll be quickly forgiven if he helps the anemic Rangers offense produce some runs. Per Brown, his former teammates are looking forward to reuniting with Hamilton. Many hope that he can fall back into his old support system. That could help him focus on health and production.

The Rangers are the beneficiaries of the “arrogance” of Angels owner Arte Moreno, opines Pedro Moura of the Orange County Register. Moreno was the one who wanted to acquire Hamilton in the first place. GM Jerry Dipoto and manager Mike Scioscia would have happily added Hamilton’s bat to the lineup, so the decision to discard him must have come from Moreno. It’s fair to wonder if Moreno should take a lighter hand in the Angels’ baseball operations.

Surprisingly, the move makes sense for all five parties involved, writes Evan Grant of the Dallas Morning News. The Rangers take a minimal risk on a guy who was a core component of several successful seasons. The $6MM Hamilton will forgo doesn’t devalue his deal due to the different income tax laws. The MLBPA is looking out for Hamilton’s welfare even though they’re usually against restructuring contracts. Meanwhile, the Angels and the commissioner’s office avoid a potentially embarrassing situation.

 

Reactions To The Josh Hamilton Trade Reports

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As we noted yesterday, the Angels and Rangers are close to a deal that would send troubled outfielder Josh Hamilton back to Texas, with the Angels receiving $15MM or less in salary relief in return. The deal isn’t yet complete (and it’s easy to see why, given the complexity of dealing with the approximately $80MM on Hamilton’s contract), but here are a few early reactions.

  • Given the reported terms of the deal, the Hamilton trade is a low-risk gambit by the Rangers, Dayn Perry of CBS Sports writes. Hamilton’s left-handed power should play better in the Rangers’ ballpark than it did in the Angels’, and also, Hamilton could prove to be more comfortable in Texas, where he produced many of his best seasons. Meanwhile, the $15MM or less the Rangers are reportedly taking on isn’t an exorbitant commitment.
  • Arguing in a somewhat similar vein, Kevin Sherrington of the Dallas Morning News argues that the Rangers have little to lose from the trade.  Hamilton won’t block any outfielders who are performing well, and the Rangers can provide a supportive environment that can help Hamilton as he battles his addiction issues.
  • Hamilton’s Angels teammates hope he has good luck in Texas, Gary Klein of the Los Angeles Times reports. “No matter what the situation is, Josh is going to pick up a 35-inch bat and go swing,” says C.J. Wilson. “That’s what he’s good at, and I think that’s what he needs to be doing right now.”
  • Along with Gary Matthews Jr. and Vernon Wells, Hamilton will be the third high-priced outfielder in recent years who the Angels have traded with two or more years left on his deal, Bill Shaikin of the Times notes. The Angels just $2MM when they sent Matthews to the Mets, and $14MM when they shipped Wells to the Yankees.

Angels Nearing Trade Involving Josh Hamilton

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4:57pm: Hamilton “balked” at a scenario that would have sent him to extended spring training, Bill Shaikin of the Los Angeles Times tweets.

The Rangers, meanwhile, would be willing to bring Hamilton back, T.R. Sullivan of MLB.com tweets. He cautions that there is “no word yet if that will happen.”

4:51pm: Hamilton will be moved via trade, Rosenthal tweets. It is not done yet, but appears likely to happen, he adds.

4:50pm: The Angels are “close to parting with” slugger Josh Hamilton, Ken Rosenthal of Fox Sports reports (via Twitter). Sports Illustrated’s Michael McCann wrote earlier today that it appeared a move that would sever ties between Hamilton and the club could be made within days.

Hamilton had been said to be preparing to work back from injury in extending spring training. His relationship with the team hit a low point when he admitted to an offseason drug relapse. Though the league pushed for a suspension, an arbitrator ultimately ruled that Hamilton had not violated his drug treatment program and thus could not be suspended.

The team’s negative reaction to the news that Hamilton would not be suspended certainly seemed to portend a possible end to the relationship. At the same time, it has been hard to see a way for the club to accomplish that other than simply cutting him loose.

Indeed, even now, it remains entirely unclear what action the team will ultimately pursue to finalize the separation. A trade is at least hypothetically possible, with a buyout of some kind perhaps making more intuitive sense at first glance.

Angels Claim Gary Brown From Cardinals

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The Angels announced today (via Twitter) that they have claimed outfielder Gary Brown off waivers from the Cardinals and optioned him to Triple-A. In order to clear room on the 40-man roster, Cory Rasmus was transferred to the 60-day disabled list.

Formerly considered one of the top 50 prospects in all of baseball by Baseball America, Baseball Prospectus and MLB.com, Brown’s upside never translated into results in the upper Minors. He’s a career .248/.305/.379 hitter in 1238 plate appearances at the Triple-A level and received a brief, seven-game cup of coffee with the Giants last season.

BA praised Brown’s 80-grade speed (on the 20-80 scouting scale) in their post-2011 scouting report — the same offseason in which they ranked him 38th among all prospects. He projected at one point as an elite defender in center field and a leadoff hitter with some surprising pull power, per BA, but clearly those expectations have been significantly dampened at this point.

AL West Notes: Wilson, Tepesch, Rangers, Mariners, Street

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Rangers right-hander Nick Tepesch was optioned to Triple-A on March 29, but after working with the MLBPA, he’s had his option reversed and been placed on the Major League disabled list, reports Evan Grant of the Dallas Morning News. Tepesch felt soreness in his shoulder the day after being optioned and has since been shut down due to inflammation in his ulnar collateral nerve. As Grant notes, Tepesch will benefit financially from the move, as he’ll now receive the pro-rated portion of his $517.5K salary while on the MLB DL. He could also end up qualifying for arbitration as a Super Two player, as he entered the year with 1.136 days of service time. A full year would boost his service time to 2.136, which is near the early projected cutoff of 2.140.

Here’s more from the AL West…

  • Seahawks quarterback Russell Wilson has recently expressed an interest in being a two-sport star in the mold of Deion Sanders, and the Rangers hold his rights after taking him in the Minor League portion of the 2013 Rule 5 Draft. We’ve been tracking the latest on Wilson at Pro Football Rumors, with the latest reports from this evening indicating that such talk may be more of a bargaining ploy on Wilson’s behalf. (You can track previous updates on Wilson by clicking his tag at PFR or using this link.)
  • The Rangers have been decimated by injuries over the past year, but as Jeff Wilson of the Fort Worth Star-Telegram writes, the team conducted a thorough examination of its medical staff and training procedures this winter to see if there was anything that they could have done to prevent the outbreak. Dr. Keith Meister, the team’s head physician, said he feels that a lot of the natures were of the fluke variety. Ryan Rua and Shin-Soo Choo had ankle injuries suffered while in the field. Derek Holland’s knee injury came when he tripped over his dog. Jurickson Profar is the only position player that Meister has ever seen to have his current injury — a tear in a subscapular muscle in his throwing shoulder. Prince Fielder’s injury likely dated back to his days with the Tigers, and the Tommy John surgeries they’ve incurred have plagued teams league-wide.
  • Early struggles in the Mariners rotation might have prompted the team to dip into its farm system in previous years, but Bob Dutton of the Tacoma News Tribune writes that there’s no such luxury this year. The top two alternatives for Seattle, Roenis Elias and Jordan Pries, have both struggled in Triple-A. The lack of quality innings from the rotation has manager Lloyd McClendon concerned about his bullpen, Dutton notes. Mariners relievers have worked three or more innings in eight of the team’s past 10 games.
  • Angels closer Huston Street tells Jeff Fletcher of the Orange County Register that there have been no recent developments in talks of a contract extension. Street, who was representing himself in Spring Training, has enlisted his former agent, Alan Hendricks, to handle the negotiation process with GM Jerry Dipoto now that the season has begun.

Angels Working Out Return Plan For Josh Hamilton

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The Angels have a tentative plan for Josh Hamilton’s return, Bill Shaikin of the Los Angeles Times reports.  Hamilton would report to the team’s extended Spring Training camp in Arizona for a 2-3 week stint, then a minor league rehabilitation assignment and then he’d potentially rejoin the Halos in early June.  A source tells Shaikin that Hamilton is expected to report “sooner rather than later” to the extended spring camp, though nothing has been officially announced yet.

Angels GM Jerry Dipoto told reporters, including MLB.com’s Alden Gonzalez, that the club was indeed preparing to get Hamilton ready, though noted that no plans had been finalized and that Hamilton himself hadn’t yet been informed of any details.

As Shaikin notes, the lengthy rehab process still awaiting Hamilton “buys time” for the team and owner Arte Moreno to figure out exactly how they’ll handle the outfielder’s return, given Moreno’s pointed statements about how the Angels might look to enforce clauses in Hamilton’s contract in regards to the use of drugs and alcohol.  Hamilton’s 4-5 weeks of rehab time could be long enough to show other teams that he’s healthy and a trade could be worked out, though clearly the Angels would have to cover the majority of Hamilton’s remaining salary in any deal.  It’s also still possible that Hamilton could end up back with the Angels if he looks good in the minors, since the team’s offense (particularly from their corner outfielders) has been lacking over the first two weeks of the season.

Quick Hits: Hamilton, Ichiro, Kang

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The Angels are reportedly discussing a potential resolution to their standoff with Josh Hamilton, and Jeff Fletcher of the Orange County Register examines some possible forms that resolution could take. Releasing or trading Hamilton are two possibilities, but not ones Fletcher thinks would be very attractive to the Angels — if they released Hamilton, they’d have to eat the entire rest of his contract, except a prorated portion of the league minimum once he signed elsewhere. And it’s very unlikely trading Hamilton would result in much salary relief for the Angels, since he hasn’t played yet this season (and, presumably, since the Angels’ issues with him are so well known). They could also, of course, settle with Hamilton for some portion of his remaining contract. Fletcher also suggests the possibility, though, of the Angels simply bringing Hamilton back and letting him play for awhile, which would allow him to build value, or at least give the Angels clarity by having Hamilton demonstrate how much value he has. Here are more notes from around the big leagues.

  • The Marlins were mostly unknown to Ichiro Suzuki before he signed with them, the veteran outfielder tells Tyler Kepner of the New York Times. “I didn’t have that much information about the city or the team in general,” Ichiro says through an interpreter. “The Marlins are new, and they’re still trying to find that identity of what the Miami Marlins are all about.” Ichiro had played his whole big-league career in the American League, and at 41, he’s older than any MLB player except LaTroy Hawkins and Bartolo Colon. Kepner notes that Ichiro does not seem to intimidate the Marlins’ mostly young group of players, however.
  • Jung-ho Kang has played only sparingly since the start of the season, but the Pirates are not considering sending him to Triple-A, Clint Hurdle tells Travis Sawchik of the Pittsburgh Tribune-Review (on Twitter). Before the season, the Bucs signed the 28-year-old Kang to a four-year deal with an option for a fifth, but there’s currently nowhere for him to start, and he has one hit in nine plate appearances so far. As a position player signed out of Korean pro baseball, Kang is in a unique position both on the field and off it, but it appears the Pirates will allow him to adjust at the big-league level rather than giving him regular playing time in the minors.

Hamilton, Angels Discussing Resolution Of Dispute

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Josh Hamilton and the Angels are in talks to resolve their dispute, although no agreement is close at this time, Ken Rosenthal of FOX Sports writes (Twitter links). The Angels could trade Hamilton or buy out the rest of his deal for an amount less than the $83MM they currently owe him, although the union likely would disapprove of the latter option.

Rosenthal further notes (again via Twitter) that Sidney Ponson and Denny Neagle, former players whose teams felt they had personal-conduct issues, agreed to settlements for 75 to 90 percent of the remainders of their deals. Jason Bay also agreed to a buyout of his deal with the Mets following the 2012 season (although not for personal conduct-related reasons, and Bay still received the entire amount he was owed, only with some of it deferred).

MLB announced in early April that Hamilton would not be suspended for a self-reported relapse into drug use. Later reports indicated that the Angels would try to enforce provisions in Hamilton’s contract pertaining to the use of alcohol and drugs, although the union made a statement denying that the team had the right to do so. Such actions could only affect Hamilton’s 2016 and 2017 salaries, since his $23MM 2015 salary became guaranteed on Opening Day. Hamilton is currently recovering from shoulder surgery, although several Angels players recently met with him and say he’s ready to play, according to the Orange County Register’s Jeff Fletcher.

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