Previewing Upcoming Opt-Out Decisions And Player Options
With the offseason approaching, so is the time for players and teams to decide upon any 2023 options in their contracts. MLBTR has taken a look through various option decisions in recent weeks: first with players whose deals contain vesting provisions, then a respective look at the team options in both the American and National Leagues.
Today, we’ll turn our attention to the players’ side. A number of players could hit free agency this winter either by triggering an opt-out clause in their current deal or bypassing a player option for the 2023 campaign. We’ll take a run through those decisions, many of which will have implications at the very top of the free agent market.
Note: All stats referenced are through play Sunday
Elite Potential Free Agents
- Nolan Arenado, Cardinals 3B (can opt out of final five years and $144MM)
Arenado was already on a Hall of Fame trajectory before 2022, but he’s bolstering his case with the best season of his career. Through 500 plate appearances, he owns a .306/.370/.567 line with 27 home runs. He’s had seasons with that kind of slash line in years past, but they came with the caveat that he’d played half his games at Coors Field. That’s no longer a factor, and it’s easily his best offensive output once one adjusts for the ballpark. Arenado’s 162 wRC+ is the fourth-best mark among qualified hitters.
That kind of offensive production alone would get him in the MVP discussion, but Arenado’s obviously valuable for far more than his bat. One of the best defensive third basemen in MLB history, he’s continued to post elite marks with the glove even as he’s entered his 30s. Arenado is among the top handful of players in the game. While walking away from $144MM wouldn’t be an easy decision, it’d seem the prudent one from a strict financial perspective. Freddie Freeman received six years and $162MM from the Dodgers (albeit with deferrals that reduced the net present value closer to the $148MM range) headed into his age-32 season. Freeman was coming off a 135 wRC+ platform showing, and he plays a less valuable position. Arenado and his camp could make a strong argument the Freeman contract should represent his floor, and it’s not outlandish to seek a six-year deal at the $35MM annual range Anthony Rendon received from the Angels (which would bring the guarantee to $210MM).
On paper, Arenado’s opt-out decision looks like a slam dunk. There’s at least some amount of uncertainty, though, as he forewent an opt-out opportunity last offseason and told Derrick Goold of the Post-Dispatch it was “always the plan” to remain in St. Louis long term. Passing on free agency coming off a .255/.312/.494 showing in 2021 is a lot easier than doing so after a career-best year that should make him an MVP finalist. Maybe he’s comfortable enough with the Cardinals he’ll return, but he’d probably be leaving a lot of money on the table to do so. At the very least, he looks to have a case for a renegotiation of his contract with the Cards, which is slated to pay him just $15MM in the final season (2027).
- Carlos Correa, Twins SS (can opt out of final two years and $70.2MM this offseason; deal also contains post-2023 opt-out if Correa opts in this winter)
Regarded by many (MLBTR included) as the top free agent in last winter’s class, Correa reportedly turned down at least one ten-year offer early in the offseason in search of a guarantee that rivaled the $341MM Francisco Lindor had received from the Mets last April. That proposal seemingly never came, and Correa reversed course in Spring Training. He signed a shocking three-year deal with the Twins that guaranteed him the largest annual salary ($35.1MM) for a free agent position player and afforded the opportunity to retest the market in either of the next two offseasons via opt-out.
Conventional wisdom was that Correa was sure to trigger his first opt-out and make another run at a long-term deal in a winter unaffected by a lockout. That still seems likely, although he hasn’t resoundingly made the case for teams to be more willing to approach the Lindor range that they had been. He’s having a similar offensive season as he did during his final year with the Astros. After posting a .279/.366/.485 showing his last year in Houston, Correa is hitting .276/.355/.439 over 440 plate appearances with Minnesota. His raw power production is down, but that’s not quite as alarming when considering the leaguewide slugging percentage has dropped from .411 to .395. Perhaps of greater concern is that the elite defensive marks that garnered Correa a Gold Glove last season are unanimously down, ranging anywhere from below-average (-2 Outs Above Average) to solid (+4 Defensive Runs Saved, +1 Ultimate Zone Rating).
There’s no question Correa’s an excellent player having a very good season. Yet he’s not likely to wind up a top five finisher in MVP balloting as he did in 2021. He’d top a $200MM guarantee on the open market, but he’s unlikely to reach the kind of money he anticipated last offseason. Could he return to Minnesota (where he’s by all accounts very happy) for one more year and look to trigger his post-2023 opt-out after hopefully putting up MVP-caliber numbers? That feels unlikely, but he’s already bet on himself once and would only be entering his age-29 season if he put off opting out for a year.
- Xander Bogaerts, Red Sox SS (can opt out of final three years and $60MM)
Bogaerts has been the Red Sox’s everyday shortstop since 2014, but his time in Boston could be nearing its end. He and the club didn’t make progress in extension talks this spring, and he’s a lock to opt out and top $60MM on the open market barring a catastrophic injury. One of the game’s top offensive shortstops, Bogaerts is amidst another strong season. He carries a .303/.372/.448 line through 508 plate appearances. His slugging output is below where it was from 2018-21, but he consistently gets on base and has a strong pre-2022 track record from a power perspective.
One can quibble about certain aspects of Boagerts’ profile. In addition to this year’s slugging dip, he’s traditionally rated as a below-average defender. Even with generally solid defensive metrics this season, clubs will probably have some question whether he’ll eventually need to move to second or third base. Those are nitpicks for whether Bogaerts would be a worthwhile investment in the $180MM – $200MM range, though. A 30-year-old shortstop with an elite durability track record and a .299/.370/.478 line since the start of 2020, he’s certainly going to shatter $60MM even if the market takes a relatively pessimistic view of his long-term projection.
- Jacob deGrom, Mets RHP (can opt of final year and $33.5MM this offseason)
There’s no suspense with this one, as deGrom has publicly maintained his plan to opt out for months. That’s in spite of elbow/shoulder injuries that kept him from throwing a major league pitch between July 2021 and this August. With only one guaranteed year remaining on his deal (plus a 2024 club option that’d go into effect if he doesn’t opt out this winter), that’s been a pretty easy call. To the extent there may have been any lingering doubts, deGrom has silenced them with his first five starts since returning from the injured list. He’s looked like his vintage self, averaging 99.3 MPH on his fastball while posting a laughable 46:2 strikeout-to-walk ratio through 29 1/3 innings. On an inning-for-inning basis, he’s the best starting pitcher on the planet.
deGrom’s free agent case will be fascinating. Even if he finishes the season healthy, he’ll have gone three consecutive years without topping 15 starts or 100 innings (although he’s obviously not at fault for the shortened 2020 schedule). What kind of volume a signing team can expect is an open question, particularly as he enters his age-35 season. Yet the upside of a healthy deGrom is through the roof. He’ll receive a multi-year deal that beats the $33.5MM remaining on his current contract. Can he top teammate Max Scherzer’s $43.333MM AAV over a three or even four-year term? Time will tell.
- Justin Verlander, Astros RHP ($25MM option for 2023)
While we’re on the topic of upper-echelon starting pitchers who are basically certain to opt out, let’s turn to Verlander. The future Hall of Famer triggered a $25MM option for next season by throwing 130 innings, but that’s largely a moot point. Verlander told Ken Rosenthal of the Athletic last week he was likely to opt out if things went as planned down the stretch. It’d have been surprising if he were even considering exercising the option.
Verlander has returned from 2020 Tommy John surgery to lead the major leagues with a 1.84 ERA. He’s striking out 26.5% of opponents and has a strong argument for a third career Cy Young award. He’s also a proven playoff performer and a prototypical ace who eats about as many innings as anyone else in the game. Even heading into his age-40 season, Verlander can try to beat the Scherzer AAV on a multi-year contract.
Verlander did injure his calf in his most recent start, resulting in a placement on the injured list just this afternoon. The Astros announced that an MRI of his calf revealed “fascial disruption, but no muscle fiber disruption” — an extremely specific diagnosis but one that both Verlander and GM James Click touted as good news. Click expressed hope the injury will be short-term, and Verlander suggested that had he sustained damage to the muscle fibers themselves, he’d likely have missed the remainder of the regular season and perhaps part of the postseason.
The manner to which Verlander rebounds will obviously be key in his opt-out scenario, but if he misses only a couple weeks’ time and returns strong for his final regular-season and postseason starts, this opt-out is an easy call.
- Carlos Rodón, Giants LHP ($22.5MM option for 2023)
We’ll wrap up the trifecta with Rodón, who’s also going to have an easy decision, barring injury. While there was some trepidation about Rodón’s breakout 2021 season — both due to his inconsistent track record before last season and some shoulder soreness and a velocity drop last August — he’s doubled down and looks to have cemented himself among the game’s top ten starters. Rodón has avoided the injured list thus far, and he’s striking out 32.1% of opponents while posting a 2.81 ERA through 25 starts. By topping 110 innings, he earned the right to opt out after this season.
Heading into his age-30 campaign, he should land the nine-figure deal that eluded him last offseason. Between his youth and last two years of production, Rodón has an argument for the largest guarantee of any free agent starter. He won’t get paid at the deGrom or Verlander level on an annual basis, but he could push for six years and look to top $150MM.
Quality Regulars Likely To Opt Out
- Anthony Rizzo, Yankees 1B ($16MM option for 2023)
Rizzo’s market last offseason seemed a bit underwhelming. The veteran first baseman was coming off two fine but unspectacular seasons, and it looked as if his best days might be behind him with his mid-30s approaching. Rizzo still made plenty of contact and hit the ball hard, but he’d gotten quite pull-oriented and had rough ball-in-play results against an increasing number of defensive shifts. He signed a two-year deal with the Yankees that paid him matching $16MM salaries and allowed him to opt out after this season.
That now looks like an easy call, as Rizzo has bounced back with a year more reminiscent of his peak days with the Cubs. He carries a .223/.337/.480 line and is going to top 30 homers for the first time since 2017. He’s still getting dismal results on balls in play and doesn’t have a particularly impressive batting average, but even that looks as if might turn around next year. It’s widely expected MLB will institute limits on shifting next spring. Few players would stand to benefit more than Rizzo, who’s facing a shift on a whopping 83.5% of his plate appearances according to Statcast. His age and lack of defensive versatility will limit the length of any deal, but he’ll probably beat the $16MM salary over at least a two-year term, even if the Yankees tag him with a qualifying offer.
- Jurickson Profar, Padres LF ($8.5MM option, $1MM buyout)
The Padres’ signing Profar to a three-year, $21MM deal that allowed him multiple opt-out chances was one of the more eyebrow-raising moves of the 2020-21 offseason. The switch-hitter was coming off a solid 2020 campaign, but that shortened schedule was the first in which he’d posted above-average production. It looked like a misstep when he struggled last year and unsurprisingly forewent his first opt-out clause, but Profar has rewarded the organization’s faith with a career-best showing in 2022.
Through 530 plate appearances, he’s hitting .241/.339/.387 with 12 homers. He’s walking at a robust 12.3% clip while only going down on strikes 15.1% of the time. He looks like a solid regular, and headed into his age-30 season, Profar’s a candidate for another multi-year deal this time around. After major throwing issues as an infielder early in his career, he’s played exclusively left field this year. Profar isn’t a prototypical corner outfield masher, but his plate discipline and bat-to-ball skills should allow him to top the guaranteed money remaining on his current deal.
Starting Pitchers With High Buyouts
- Taijuan Walker, Mets RHP ($6MM option, $3MM buyout)
Walker signed a $20MM guarantee with the Mets over the 2020-21 offseason. The deal was front-loaded but came with a $6MM player option or a $3MM buyout for 2023. Adding a player option allowed the Mets to soften the contract’s luxury tax hit. Because player options are treated as guaranteed money, it technically qualified as a three-year, $20MM deal with a $6.67MM average annual value for CBT purposes. Yet the $3MM gap between the option value and the buyout meant Walker was a virtual lock to opt out, barring injury that made him unable to pitch next season. The Associated Press reports the option has various escalators that could push its value as high as $8.5MM if Walker throws 175 innings this year, but even that figure is modest enough he’s going to decline.
Walker should opt out in search of a multi-year deal, as he’s been a valuable mid-rotation arm for New York. Over 117 1/3 frames, he owns a 3.38 ERA despite a modest 18.3% strikeout rate. His blend of plus control and solid ground-ball rates makes him a candidate for a three-year pact as he heads into his age-30 season. The Mets will have an interesting decision on whether to tag him with a qualifying offer.
- Jake Odorizzi, Braves RHP ($12.5MM option, $6.25MM buyout)
Like Walker, Odorizzi signed late in the 2020-21 offseason on a deal that locked in the first two seasons and gave the player a third-year option. Odorizzi’s contract with the Astros was similarly structured to facilitate a third-year buyout while diminishing the AAV for luxury tax purposes, although he’s deciding on a bit more money. The option was initially valued at $6.5MM with a $3.25MM buyout, but the Associated Press provided a breakdown of various escalators. The option value would jump by $2MM apiece if Odorizzi reached 20, 25 and 30 appearances between 2021-22 in which he either started the game or worked four-plus innings of relief. The buyout value would spike by $1MM apiece for hitting each of those thresholds.
Odorizzi has already made 41 such appearances over the past two years, so he’s long since maxed out both thresholds. He’ll therefore be deciding between a $12.5MM option to return to the Braves or taking a $6.25MM buyout and heading to free agency. With only a $6.25MM difference between the option value and the buyout, Odorizzi looks like a borderline opt-out case. He owns a 3.90 ERA across 85 1/3 innings this season, although his 18.3% strikeout rate is a few points below league average. He’ll be 33 by next Opening Day, and he didn’t find as robust interest as most expected he would during his last trip through free agency. He’s a quality strike-thrower and a perfectly fine back-of-the-rotation starter, but it’s now been three years since he’s missed bats at an above-average rate, and he was traded this summer in a one-for-one swap for an underperforming reliever (Will Smith).
Easy Calls To Return
- Chris Sale, Red Sox LHP (can opt out of final two years and $55MM)
Sale has the right to pass on the final two years of his extension with the Red Sox this winter, but he certainly won’t do so. He’s made just 11 starts over the past three seasons due to various injuries, including a 2020 Tommy John surgery and a trio of fractures (rib, finger and wrist) this year. Sale has still flashed mid-rotation or better upside in the limited time he’s been on the field, but there’s too much uncertainty with his health to land anywhere near $55MM were he to test the market.
- Eric Hosmer, Red Sox 1B (can opt out of final three years and $39MM)
Hosmer’s opt-in decision is a no-brainer. Since signing a $144MM contract with the Padres heading into 2018, he’s posted a league average .264/.325/.409 slash line. Paired with his lack of defensive versatility and mixed reviews on his glovework (public metrics have never been as fond of Hosmer as his four Gold Gloves would suggest), he’d probably be limited to one-year offers were he a free agent. The Padres will remain on the hook for virtually all of the money, as they agreed to pay down Hosmer’s deal to the league minimum salary to facilitate his trade to the Red Sox.
- Jorge Soler, Marlins LF (can opt out of final two years and $24MM; deal also contains post-2023 opt-out if Soler opts in this year)
Soler parlayed a big second half and huge batted ball metrics into a three-year deal with Miami last offseason. His massive raw power hasn’t translated into especially strong results since he’s become a Marlin, however. He’s been a below-average hitter, and it’s now been three years since he was a middle-of-the-order caliber player over a full season. Paired with a limited defensive profile that keeps him in the corner outfield or at designated hitter, he’s been right around replacement level this season. He’s not opting out this year, but a big showing in 2023 could allow him to reconsider the possibility next winter.
- AJ Pollock, White Sox LF ($11MM option, $5MM buyout)
The White Sox acquired Pollock just before the start of the season, sending Craig Kimbrel to the Dodgers in a surprising one-for-one swap. The hope was that they’d addressed a notable hole in the corner outfield, but Pollock’s production has cratered in Chicago. Just a season removed from a .297/.355/.536 showing in L.A., he’s stumbled to a .237/.284/.363 line through 401 plate appearances with the ChiSox. Even with a fairly modest $6MM gap between the option’s present value and the buyout, Pollock is likely to bypass a trip to free agency after a replacement-level platform season.
The present $11MM option value isn’t fixed, as Pollock’s contract contains escalators that could boost it a bit further. Originally set at $10MM, he’d lock in an extra $1MM for hitting each of 400, 450, 500, 550 and 600 plate appearances this season. He’s already surpassed 400 trips, and the 450 mark is well within range with 34 games remaining. Consistent playing time down the stretch would allow him to reach 500 plate appearances as well, although it’s hard to envision him getting to 550. The most likely outcome is that the option price ends up at $12MM, but anywhere between $11-13MM is viable.
- Jonathan Schoop, Tigers 2B ($7.5MM option)
Schoop signed a two-year, $15MM extension amidst a productive 2021 season in Detroit. While a defensible enough decision for the Tigers at the time, that hasn’t panned out. The veteran second baseman has a .235 on-base percentage that’s easily the worst in the majors among players with 400+ plate appearances. He’s posted otherworldly defensive marks this season and could well collect a Gold Glove, but the complete lack of production at the dish should make him a lock to exercise his option.
- Charlie Blackmon, Rockies DH/RF ($12MM option)
Blackmon exercised a 2022 option last season, and he went on the record at the time as saying he’d trigger the 2023 provision as well. There’s no intrigue as to his decision — he’ll be back in Colorado next year — the only question is how much he’ll make. The ’23 option came with a $10MM base value, but ESPN reported it’d escalate by $500K apiece if Blackmon reached 400, 425, 450, 475, 500, and 525 plate appearances in 2022. It’d jump another $1MM apiece at 550 and 575 trips.
The veteran outfielder enters play Tuesday with 490 plate appearances, so he’s already pushed the value to $12MM. Barring injury, he’s a lock to hit at least the 525 PA mark, and he’s quite likely to get all the way to 575. Colorado has 33 games remaining, and Blackmon is only 85 plate appearances (2.76 per game) from maxing out the plate appearance threshold at $15MM. The deal also contained escalators based on MVP finishes which Blackmon will not hit.
Relievers
- Nick Martinez, Padres RHP (can opt out of final three years and $19.5MM this offseason, $1.5MM buyout; deal also contains opt-out chances after 2023 and 2024 if Martinez opts in)
Martinez signed a four-year, $25.5MM guarantee with San Diego this past winter. That deal contained opt-out chances after each of the first three seasons for the former NPB hurler, but it seems unlikely Martinez will take his first opportunity to return to the open market. He has a strong 3.02 ERA over 92 1/3 innings during his return season in the big leagues, but he’s worked as a swingman for a San Diego team that has quite a bit of rotation depth. Martinez has excelled as a reliever, pitching to a 1.35 ERA while holding opponents to a .208/.258/.295 line in 40 innings. That’s come with a modest 21.5% strikeout rate, though, and he doesn’t brandish the power arsenal teams tend to prioritize late in games.
Entering his age-32 season, Martinez probably wouldn’t find a better deal that the opt-out laden three years and $18MM (after factoring in the buyout price) he’d be bypassing to return to the open market. The Friars have to be happy with their investment considering his excellence out of the bullpen, but the surprisingly strong deal they gave him in the first place makes it hard to see him doing much better elsewhere even on the heels of a quality first season.
- Andrew Chafin, Tigers LHP ($6.5MM option)
Detroit signed the ever-reliable Chafin late last offseason, and they’ve been rewarded with another excellent year. Through 43 1/3 innings, he’s posted a 2.91 ERA while striking out more than 30% of opponents with an excellent 52.3% ground-ball rate. The market probably undervalued Chafin last winter; it’d be hard to do so again after another very good season. In a vacuum, declining the option and topping $6.5MM in free agency seems likely.
That said, the Tigers decision to not trade Chafin at this summer’s deadline was tied to a belief he could stick around. Evan Petzold of the Detroit Free-Press reported shortly before the deadline that Detroit’s proximity to Chafin’s Ohio home could lead him to return in 2023 if he weren’t moved before August 2. That led to a disconnect in his trade value, with the Tigers confident they still possessed a year and a half of his services while other clubs viewed him as an impending free agent. From a strict financial perspective, opting out is the prudent call. Yet the family considerations Petzold noted would make the decision more complicated if Chafin’s priority isn’t simply to maximize his earnings.
- Robert Suárez, Padres RHP ($5MM option, $1MM buyout)
San Diego added Suárez, who’d never previously pitched in the majors, on the heels of an excellent career closing in Japan. He had a nightmare outing on Opening Day where he dished out free passes to all three batters he faced, but he’s been quite effective since that point. Excluding his first appearance, Suárez owns a 2.36 ERA with a strong 29% strikeout rate in 34 1/3 innings. He’s still had spotty control, but he’s averaging north of 97 MPH on his fastball. He’d only need to beat $4MM on the open market, and something around that rate over a multi-year term feels attainable heading into his age-32 season. A rough final couple months could change the calculus, but Suárez seems likely to retest free agency at the moment.
The Guardians’ Other Star Infielder
At this point, it’s not much of a surprise to write that Jose Ramirez is having an MVP-quality season. He’s not a frontrunner in 2022 — not with the season Aaron Judge is having — but Ramirez is hitting .283/.353/.548 with 26 home runs, 14 steals, 38 doubles, four triples, 106 runs knocked in and anywhere from average to plus defense at the hot corner, depending of your metric of choice. He ranks 11th among Major League position players in wins above replacement, per Baseball Reference, and seventh, per FanGraphs. It’s a Jose Ramirez season that’s so typical we’ve almost become numb to it.
It’s also, arguably, only the second-best season being enjoyed by a Guardians infielder.
Andres Gimenez can’t go to-to-toe with Ramirez’s power or his run-production numbers — particularly since he’s had 107 fewer plate appearances. I will freely admit that, in my view, Ramirez is having the better season, but there are arguments to the counter. Gimenez leads Ramirez in batting average and on-base percentage, has hit with surprising power, has surpassed him in steals and baserunning value (despite the lower total of plate appearances) and has graded out as one of baseball’s best defensive players, regardless of position. Baseball-Reference credits Gimenez with 5.4 wins above replacement — tied for the fifth-highest mark in the Majors among position players. FanGraphs “only” has him tied for 14th, at 4.7.
Whether Gimenez can sustain this output in future seasons is a far more pertinent debate for the Guardians than whether Gimenez or Ramirez has had the better season. Gimenez is, after all, just a season removed from hitting only .218/.282/.351 through 210 big league plate appearances. Entering the 2022 campaign, Gimenez had slashed just .235/.302/.369 in 117 career games — not exactly a resounding declaration he could be an impact big leaguer.
Those struggles came in Gimenez’s age-21 and age-22 seasons, however. It’s hardly uncommon for players that young to struggle with the transition to the majors, even if they’re former top prospects, which was very much the case with Gimenez. Originally signed by the Mets as an amateur out of Venezuela, Gimenez thrice ranked among the game’s top 100 prospects at Baseball America and at Baseball Prospectus, also making multiple top-100 lists at MLB.com and FanGraphs. Gimenez’s defense and speed always garnered more praise than his bat, but he was projected as a potential everyday middle infielder. He was regarded highly enough to be one of the key pieces sent from New York to Cleveland in the trade that made Francisco Lindor a Met.
So, what’s changed for Gimenez in 2022? For starters, he’s simply making more contact. After punching out at a 24% clip in 2020-21, he’s down to 20.2% this season. His overall 73.3% contact rate from 2020-21 is up to 75% this season. Looking a bit deeper, he’s both slightly cut back on the rate at which he chases pitches off the plate and greatly increased his contact rate when he does chase. Gimenez struggled against lefties in 2021 but is hitting them at a .289/.352/.458 clip in 2022. It’s only 94 plate appearances, but it’s encouraging that Gimenez has actually fanned less often (17%) against lefties than against right-handers (21.2%).
The quality of contact made by Gimenez has markedly improved, too; he’s seen his line-drive rate rise nearly 10 percentage points, from 12.6% in 2021 to 22.3% in 2022. Gimenez also boasts a better than two mile-per-hour increase in his average exit velocity (88.4 mph, up from 86.3 mph in ’21) and a jump of nearly nine percentage points in his hard-hit rate (39.2%, up from 30.4%) this year. He’s more than doubled his rate of barreled balls, sitting at 7.4% after checking in at 3.6% a year ago.
Granted, those Statcast batted-ball ratings are still below the league average, and even Gimenez’s slightly improved 40.2% chase rate on pitches off the plate ranks among the highest levels in the league. There’s some clear work to be done for him to improve his overall approach, and his 2022 batting line wouldn’t look so rosy were it not for a .354 batting average on balls in play that he’s unlikely to sustain.
Even if his current production looks ripe for some regression, however, it’s hard not to be encouraged by all the positive strides in Gimenez’s game — both on a year-over-year basis and within the confines of the current season. Gimenez’s walk and strikeout rates were fairly dismal early in the season, for instance, sitting at 2% and 24.5%, respectively, through the end of April. Since Memorial Day weekend, he’s walked at a more passable 6.8% clip and logged an 18.6% strikeout rate. Ramirez’s hack-happy approach might always render him with a below-average walk rate, but if he can keep it around seven percent and also continue to put the ball in play at his current rate and with his current level of authority, he’ll be productive even as that aforementioned BABIP normalizes.
Barring the adoption of a more patient approach and/or further gains in terms of raw power, the 2022 campaign could very well represent something of a ceiling for Gimenez. Even if that’s the case, though, it’s quite the ceiling. He’s on pace to finish the year with six to seven wins above replacement, vastly above-average offense, plus baserunning marks and Gold Glove-caliber defense. Gimenez isn’t going to be considered a favorite or finalist in American League MVP voting, but he ought to get some down-ballot votes given just how strong his all-around performance has been.
It’s also possible that Gimenez will see his value to the team increase even further in future seasons, though not necessarily through his own doing. Scouting reports long touted him as a plus defender at either middle-infield spot, but he’s been limited to second base for most of his time in Cleveland thanks to the presence of Amed Rosario. While Rosario has improved his glovework at shortstop this year, he’s still received a mixed bag of defensive grades. Gimenez, meanwhile, has shined at shortstop, turning in marks of 7 Defensive Runs Saved, a 3.0 Ultimate Zone Rating and 8 Outs Above Average in just 634 career innings.
Rosario is due for his final arbitration raise this winter, and it’s feasible that the Guardians, with a bevy of middle-infield prospects and perennial payroll constraints, could look to trade Rosario rather than pay him a raise on this year’s $4.95MM salary. Doing so could open up shortstop for Gimenez, whose offense would be even more valuable at a position higher on the defensive spectrum, while subsequently opening second base for Tyler Freeman or another prospect.
Wherever his defensive home ultimately lies, Gimenez has used the 2022 season to cement himself as a viable big league contributor — not just a regular but an All-Star-caliber player who, at his best, could get some stray MVP votes. He’s controlled for another four seasons beyond the current year, won’t even reach arbitration eligibility until the 2023-24 offseason, and has yet to celebrate his 24th birthday. Ramirez is going to draw all the headlines in the Cleveland infield, but Gimenez has likely earned himself a long-term spot to draw some fanfare alongside his teammate.
Big Hype Prospects: Alvarez, Baty, Crow-Armstrong, Langeliers, Bello
Julio Rodriguez is on the verge of a massive contract extension. Who will be the next prospect to ink a mega-deal? Today’s Big Hype Prospects won’t answer that question, but it’s possible we’ll discuss them all the same.
Five Big Hype Prospects
Francisco Alvarez, 20, C, NYM (AAA)
141 PA, 6 HR, .180/.340/.378
Despite the triumphant return of Jacob deGrom, the Mets divisional aspirations are endangered. Their once dominant lead over the Braves has dwindled to just two games. The club has received exactly 0.0 WAR from their catchers. Alvarez, whose combination of discipline and rare raw power can lead to some irresponsible comps (like former Met Mike Piazza), has held his own at Triple-A. The low batting average is the result of an unfortunate .209 BABIP. Low BABIPs in the minors can be symptomatic of a flaw. Sometimes, they’re just bad luck over a small sample. Alvarez had similar issues in High-A last season (.260 BABIP) so it’s possible his plodding speed and pull-heavy approach might yield an all-or-nothing slugger, especially early in his career. Defensive reviews are mixed and can sometimes leave a Gary Sanchez-like taste on the tongue. He has the capacity and work ethic to stick at the position, but maybe his bat is too potent to subject to the rigors of battery work?
Alvarez would certainly upgrade the Mets lineup over the likes of James McCann and Tomas Nido. However, they’re both talented defenders who have experience with the Mets pitching staff. If New York wants to experiment with Alvarez ahead of the postseason, now is the time to do it.
Brett Baty, 22, 3B, NYM (MLB)
35 PA, 1 HR, .161/.235/.258
Baty’s first exposure to Major League pitching hasn’t exactly gone according to plan. He had only 26 successful plate appearances at Triple-A before he was called upon. Much of his season was spent in Double-A where he hit .312/.406/.544 in 394 plate appearances. Baty is a disciplined hitter who makes hard, low-angle contact. With 91-mph average and 113-mph max exit velocities, he’s already demonstrated his power in just 24 batted ball events. His tendency to keep the ball on the ground could yield a contact profile something like a less-extreme Yandy Diaz. Whereas Diaz is nigh immune to strikeouts, Baty has a bit of swing-and-miss in his game.
Eduardo Escobar is nearing a return which could spell the end of the Baty experiment – at least for 2022. It’s also worth noting that his struggles have occurred over just nine games. He wouldn’t be the first player to need a couple beats before catching his stride.
Pete Crow-Armstrong, 20, OF, CHC (A+)
235 PA, 9 HR, 16 SB, .286/.332/.521
Known to many prospect-watchers by his initials “PCA,” Crow-Armstrong was acquired from the Mets as part of the Javier Baez trade in 2021. The Cubs instigated a mechanical change to his swing which has led to above average pull-side power this season. Including a thorough stomping of Low-A pitchers, PCA has 16 home runs and 29 stolen bases across 418 total plate appearances. He’s a gifted center fielder who was originally expected to fit in the Majors as a defensive savant. The addition of power to his profile could unlock a star-level ceiling. There remain issues with his bat including elevated strikeout and swinging strike rates. He’s young for his level and showed better plate discipline in the past. Consider him a volatile work-in-progress who now appears likely to have a role as a future regular.
Shea Langeliers, 24, C, OAK (MLB)
36 PA, 2 HR, .294/.306/.647
A key component of the Matt Olson trade, Langeliers has made an impactful debut. He’s already popped two home runs, four doubles, and a triple in just nine games. That’s par for the course with Langeliers. He has middling plate discipline, plus power, and a below average feel for contact. When he does connect, it tends to be loud. His best trait is defense where he’s expected to be a comfortably positive contributor. The presence of Sean Murphy is only a temporary impediment – it’s widely assumed the veteran Athletic will be traded over the winter.
Brayan Bello, 23, SP, BOS (MLB)
22 IP, 9.00 K/9, 4.91 BB/9, 7.36 ERA
Recently returned from the injured list, Bello had his best big league outing against the division rival Blue Jays. He tossed five innings of two-run ball while compiling seven strikeouts. Bello has a four-pitch repertoire led by a bowling ball 96.5-mph sinker. He also has a slightly harder fastball he can locate up in the zone. A slider and frequently-used changeup round out his pitch mix. In 18 minor league appearances he posted 12.10 K/9, 3.40 BB/9, and a 2.34 ERA. His carrying trait is an over-60 percent ground ball rate which, if maintained, would rank second among qualified starters between southpaw Framber Valdez (67.5%) and right-hander Logan Webb (58.4%). Like many sinker specialists making their debuts, Bello has struggled with free passes. He got away with iffy command in the minors because his stuff played even when thrown down the pike. He’s liable to need an adjustment period in the Majors.
Five More
Mark Vientos, NYM (22): A possible alternative to Baty and Escobar, Vientos is red hot for the month of August. He’s batting .403/.448/.661 with four home runs in 67 plate appearances. He draws negative reviews for his third base defense and is in the process of switching over to first base. The bat appears as if it should play in the Majors at either position, though he might be a tad ordinary at the cold corner. He’s just shy of a 30 percent strikeout rate for a second consecutive season in the upper-minors.
Grayson Rodriguez, BAL (22): Rodriguez has been sidelined for nearly three months with a lat strain. He is due to face hitters in a simulated game later this week. It’s possible he could make his debut in late-September.
Gunnar Henderson, BAL (21): Rumors abound of an impending callup for Henderson. Club officials are supposedly pondering the implications on his development. Henderson hasn’t exactly knocked down doors in August, batting .259/.364/.435 with 12.1 percent walk and 31.3 percent strikeout rates.
Robert Hassell III, WSH (21): One of the prizes acquired for Juan Soto, the Nationals aggressively promoted Hassell to Double-A where he’s hit .147/.237/.206 through his first eight games. Like Baty above, it’s not uncommon for young players to scuffle when first presented with a new challenge. And even Mike Trout has eight-game slumps. Strikeouts have been an issue for Hassell since joining the Nats org.
Curtis Mead, TB, (21): Recently recovered from a month-long injury to his elbow, Mead has five hits and two walks over 14 plate appearances. The right-handed slugger could make a useful platoonmate with David Peralta, especially once rosters expand in a few days. He’s Rule 5 eligible this winter so getting a jump on his service clock should be seen as acceptable – assuming the Rays can find a 40-man spot. He’s hitting .299/.391/.536 on the year, mostly at Double-A.
Forecasting The 2022-23 Qualifying Offers: Pitchers
Yesterday, we took a look at the pending free agent position players who could be candidates to receive a qualifying offer this winter. Now, let’s turn our attention to what free agent pitchers might be in line for a QO, with the caveat that players can only receive one qualifying offer in their careers, and a player must spend the entire 2022 season with his team to be eligible.
Easy Calls: Chris Bassitt (Mets), Jacob deGrom (Mets), Edwin Diaz (Mets), Nathan Eovaldi (Red Sox), Carlos Rodon (Giants)
DeGrom has already said that he is opting out of the final guaranteed season of his contract, leaving $30.5MM on the table in 2023 to seek out a longer-term pact. Rodon is also sure to opt out of the final year (and $22.5MM) of his two-year contact with San Francisco, as Rodon earned his opt-out by triggering a vesting option at the 110-innings threshold.
Even with Eovaldi’s injury history, retaining him for one year at roughly $19MM seems like a pretty good outcome for the Red Sox, particularly given all the other question marks in Boston’s rotation. So there’s little risk for the Sox in issuing Eovaldi a QO, though it would seem like Eovaldi will probably reject it.
Face-of-the-Franchise Veterans: Clayton Kershaw (Dodgers), Adam Wainwright (Cardinals)
With Kershaw considering retirement last winter, the Dodgers opted against issuing him a qualifying offer as a free agent, as a nod towards giving the longtime ace all the time he needed to make a decision on his future. It stands to reason that the Dodgers will take the same path this winter, unless Kershaw gives them advance notice of his plans for 2023….though in that scenario, the two sides might just work out an extension before free agency even officially opens.
The same could be true of Wainwright, who has signed one-year contracts to rejoin the Cardinals in each of the last four offseasons. In three of those cases, Wainwright inked his new deal either just after the start of the free agent period or before it altogether, so it’s safe to assume the two sides will work out a new pact without the QO coming into play. Of course, this assumes that Wainwright will come back for an 18th Major League season, but even as his 41st birthday approaches, the right-hander is still going strong.
Easy Contract-Option Calls: Carlos Carrasco (Mets), Sonny Gray (Twins), Aaron Nola (Phillies)
These starters could be free agents if their club options are declined, and thus are technically qualifying-offer candidates. However, the trio are all virtual locks to have their options exercised, and their respective options are all worth less than the projected cost of the qualifying offer.
Borderline Cases: Tyler Anderson (Dodgers), Mike Clevinger (Padres), Zach Eflin (Phillies), Sean Manaea (Padres), Martin Perez (Rangers), Jameson Taillon (Yankees), Taijuan Walker (Mets)
Walker is yet another Mets entry on this list, as he is very likely to decline his $6MM player option for 2023 and instead take a $3MM buyout into free agency. Advanced metrics paint a less-flattering picture of Walker’s performance than his bottom-line numbers, and he has battled both injury and consistency problems over his career, though Walker has been relatively healthy in his two seasons in New York. It would seem likely that the Mets will issue Walker a QO, and 2022 has been enough of a platform year for the righty that he will probably turn the qualifying offer down.
The Padres are another team with multiple QO candidates, as while Joe Musgrove was kept off the open market with a $100MM extension, Manaea and Clevinger remain. Due in part to two particularly disastrous outings against the Dodgers, Manaea’s ERA is an ungainly 4.76 over 119 innings. Clevinger has a solid 3.47 ERA in his return from Tommy John surgery, but that is only over 70 innings, due to both his TJ rehab as well as a triceps strain and a week on the COVID-related IL.
Right now, Manaea and Clevinger could possibly be candidates to accept a qualifying offer, if they don’t feel they have enough of a platform to maximize their free agent market. Solid performances over the final month and a half of the season would make it an easier decision for either pitcher to reject a QO, and easier for the Padres to decide whether or not to issue the offers. San Diego could be facing a third consecutive year of luxury-tax overage in 2023, especially if Manaea and/or Clevinger are on the books for a $19MM-ish salary.
Eflin is another player who needs to post some solid numbers down the stretch, but first and foremost, the Philadelphia right-hander just needs to get healthy. Eflin has been on the IL since late June due to a kneecap bruise, and his continued knee soreness is a red flag for a pitcher who has undergone multiple knee surgeries in the past. When healthy, Eflin has been a quietly solid pitcher for the Phillies over the last five seasons, yet his lingering knee problems are certainly a concern. There is the interesting wrinkle of a $15MM mutual option between Eflin and the Phils for 2023, and while mutual options are rarely exercised by both parties, this could be a rare situation where it would make sense for both the player and the team. Paying $15MM for Eflin would also represent some risk for the Phillies, but it would be less than the value of a qualifying offer.
After a great start to the season, Taillon’s numbers have come back to earth a bit, with a 3.95 ERA over 120 2/3 innings. A below-average strikeout pitcher, Taillon has relied on excellent control and spin rates on his fastball and curve to limit damage, and he also doesn’t allow too much hard contact. Perhaps most importantly given Taillon’s injury history, he has been healthy in 2022, which should make offseason suitors more open to giving him a longer-term contract. For now, it seems probable that the Yankees would issue Taillon a QO rather than let him potentially walk away for nothing in free agency.
The idea of Anderson or Perez as QO candidates would’ve seemed quite farfetched heading into the season, yet the two veteran left-handers are each enjoying career years that resulted in All-Star appearances. Their underwhelming career histories could prevent the Dodgers and Rangers from issuing qualifying offers, since either pitcher would likely take the big payday, and $19MM is a lot to invest in basically one season of evidence (even for a Dodgers team that is comfortable blowing past luxury tax thresholds).
However, it would certainly make sense for either club to pursue re-signings, even if a qualifying offer isn’t involved. The Rangers have already been vocal about their desire to retain Perez, so it is quite possible he signs an extension before even hitting the open market.
Forecasting The 2022-23 Qualifying Offers: Position Players
The qualifying offer has impacted the free agent market for the last 10 offseasons, but it wasn’t clear if there would be an eleventh as Major League Baseball and the MLB Players Association engaged in labor talks last winter. When the lockout was over and the new collective bargaining agreement was finally settled, one sticking point remained — the implementation of an international player draft. If the union agreed to this draft, the league would have agreed to scrap the qualifying offer system altogether.
However, July’s deadline for a decision on an international draft came and went without any new agreement, and thus the status quo of the QO will remain for the 2022-23 free agent class. As such, we can now look ahead and predict which players will or could receive qualifying offers from their teams at the end of the season.
A quick refresher on the QO rules. The qualifying offer is a one-year contract with a salary figure determined by averaging the top 125 salaries of all MLB players. Last year’s figure was $18.4MM, and it’s safe to estimate that this winter’s QO will be worth somewhere in the range of $18-19MM. Any free agent is eligible to be issued a qualifying offer unless a) they have received one in past trips to free agency, or b) they haven’t spent the entire 2022 season with their current organization. For instance, the Padres can’t issue Josh Bell a qualifying offer because Bell was only acquired at the trade deadline.
If a player accepts the qualifying offer, he returns to his current team on that one-year deal in the $18MM-$19MM range. (The player can also negotiate a longer-term extension with his team after accepting that QO, as Jose Abreu did with the White Sox in November 2019.) While some free agents have indeed taken the qualifying offer, the large majority reject the deal in search of a richer and lengthier contract. If a player rejects a QO and signs elsewhere, their new team must give up at least one draft pick and possibly some international draft pool money, while their former team will get a compensatory draft pick in return.
With several prominent names in this year’s free agent market eligible for the QO, let’s look at some of the candidates, starting with position players.
Easy Calls: Nolan Arenado (Cardinals), Xander Bogaerts (Red Sox), Willson Contreras (Cubs), Aaron Judge (Yankees), Brandon Nimmo (Mets), Dansby Swanson (Braves), Trea Turner (Dodgers)
There isn’t much drama in any of these decisions, as these players are all obvious candidates to be issued qualifying offers that will be rejected. Nimmo is perhaps the only name on this list that rates as a bit of a surprise, yet he has quietly posted strong numbers over his seven seasons in New York, including a quality 2022 campaign. Most importantly, Nimmo has also stayed healthy, playing in 104 of the Mets’ 113 games — this is already the second-most games played for Nimmo in any season of what has been an injury-plagued career.
Arenado and Bogaerts aren’t guaranteed to be free agents, as either could pass on exercising opt-out clauses in their current deals. However, Bogaerts is a virtual lock to opt out, and Arenado is having such a great season that he should be able to comfortably top the $144MM he is owed through from 2023-27. Since Arenado has been vocal about how much he likes playing for the Cardinals, an extension is certainly possible before Arenado even hits the open market, with the Cards perhaps tacking another guaranteed year and more money onto the deal to prevent the third baseman from opting out.
Easy Contract-Option Calls: Tim Anderson (White Sox)
The White Sox hold club options on Anderson’s services for both the 2023 and 2024 seasons, with next year’s option being worth $12.5MM (with a $1MM buyout). Though he could technically be a free agent, there is zero doubt the Sox will exercise Anderson’s 2023 option, so a qualifying offer is a moot point.
Borderline Cases: Mitch Haniger (Mariners), J.D. Martinez (Red Sox), Jurickson Profar (Padres), Anthony Rizzo (Yankees)
Rizzo’s two-year, $32MM free agent deal with the Yankees includes an opt-out clause after this season, and it would seem like the first baseman (who just turned 33 earlier this week) will indeed test the open market again. Rizzo’s first full season in the Bronx has seen him hit .224/.342/.504 with 27 home runs, with the fifth-best wRC+ (139) of his distinguished career. Rizzo’s age, home/road splits, and first base-only status will limit his market to some extent, and draft-pick compensation via the qualifying offer will also make other teams wary. But, Rizzo was still able to land a multi-year pact last winter coming off a lesser platform year, so he should be able to match or better that pact again. Rizzo has quickly become a clubhouse and fan favorite in New York, so this could be another situation where a player is convinced to pass on an opt-out due to a contract extension.
Haniger has appeared in only 15 games this season, due to both a high ankle sprain that required a trip to the 60-day injured list, as well as a two-week stint on the COVID-related injury list in April. He has been on a tear since returning to action last week, but if his numbers settle down, then it seems likely that Seattle won’t issue a qualifying offer. However, if Haniger continues to mash over the remainder of the season and returns to his 2021 form, the Mariners face an interesting decision.
A late-season hot streak could do enough for Haniger’s market that he might reject a qualifying offer, as since Haniger turns 32 in December, this could be his best shot at a lucrative multi-year deal. On the flip side, he could still choose to accept the QO, knowing that his checkered injury history could work against him in free agency — Haniger can bank the one-year QO payday and then hope for a full and healthy 2023 season as a better platform for that longer-term deal. From the Mariners’ perspective, paying around $19MM for Haniger could be seen as a worthwhile investment, especially since the team doesn’t know what to expect from Kyle Lewis and Jarred Kelenic heading into 2023.
Martinez turns 35 on August 21 and is still posting above-average (120 wRC+) numbers, hitting .281/.346/.443 with nine home runs over 422 plate appearances. That still represents a significant power dropoff from Martinez’s norms, and he has been a DH-only player this season. Even with the looming threat of losing Bogaerts from the Red Sox lineup, Boston might still pass on issuing a QO to Martinez out a concern that he might accept, since chief baseball officer Chaim Bloom seems to be looking for more flexibility with both the roster and the payroll.
Profar is another less-likely candidate to receive a qualifying offer, even if he is also playing well. Between good offensive (119 wRC+, 12 homers, .254/.345/.416 over 467 PA) and defensive (+5 Defensive Runs Saved, +1.8 UZR/150 in left field) numbers, Profar has been a 2.8 fWAR player in 107 games with San Diego this season, a nice bounce-back from an underwhelming 2021. With a player option attached to his 2023 services, Profar can either earn $7.5MM next season or take the $1MM buyout and test the open market.
At the very least, it would seem like Profar will indeed opt out and try to secure a longer-term contract, but it would seem like a reach if the Padres issued a qualifying offer. Profar will only be 30 on Opening Day, so he could accept the QO to lock in that one-year payday, and then be on track to test the market again at age 31. Considering the Padres might exceed the luxury tax threshold for the second straight year and will face a lot of free agent decisions this winter, they probably won’t want to risk Profar being bumped into the $19MM salary range. Profar could be another extension candidate, given president of baseball operations A.J. Preller’s belief in Profar’s ability dating back to their days in the Rangers organization.
Previewing Upcoming Club Option Decisions: National League
In the past two days, MLBTR has taken a look at how players with contractual options could impact the upcoming free agent class. We looked at players with vesting provisions on Tuesday before turning our attention to American League players under control via team options yesterday. Today, we’ll check in on their National League counterparts.
Braves
- Charlie Morton, SP ($20MM option, no buyout)
It has been strange year for Morton, who starred on last year’s World Series winner. He re-signed on a $20MM deal with a matching option for next season. Through 22 starts and 122 2/3 innings, the two-time All-Star has a slightly underwhelming 4.26 ERA. That’s largely attributable to a dreadful first couple months, however. He has an ERA of 3.55 or below in each of the past three months, carrying a cumulative 3.44 mark while holding opponents to a .198/.276/.369 line since June 1. Morton is still sitting in the mid-90’s with his fastball, striking batters out at a quality 27.3% clip and has ironed out his control after some uncharacteristic wildness through his first few starts. At first glance, a $20MM salary seems pricey for a pitcher entering his age-39 season with Morton’s overall numbers, but he’s not shown any signs of physical decline and has looked great lately. If he keeps at this pace for another two months, the Braves will probably welcome him back. That, of course, assumes Morton wants to continue playing. He’s hinted at retirement in years past and set fairly strict geographic limitations on his market during his latest trips to free agency.
Mets
- Daniel Vogelbach, 1B/DH ($1.5MM option, arbitration-eligible through 2024)
The Mets acquired Vogelbach from the Pirates to add a left-handed platoon bat to what had been an underwhelming designated hitter mix. He’d hit .228/.338/.430 through 75 games in Pittsburgh and has raked at a .341/.473/.568 clip over his first couple weeks in Queens. For a negligible $1.5MM salary, keeping Vogelbach around feels like an easy call. He’s technically arbitration-eligible through 2024 regardless of whether the Mets exercise his option. The option price should be more affordable than whatever he’d receive through arbitration next offseason, so if the Mets surprisingly declined the option, they’d likely non-tender him entirely.
- John Curtiss, RP ($775K option, arbitration-eligible through 2025)
There’s nothing new to report on Curtiss. He signed a big league deal just before Opening Day with the knowledge that he’d likely miss all of this season recovering from last August’s Tommy John surgery. He was immediately placed on the injured list. Next year’s option is valued at barely above the league minimum salary, so it’s just a matter of whether the Mets plan to devote him a roster spot all offseason. Curtiss is controllable through 2025 if the Mets keep him around.
Phillies
- Jean Segura, 2B ($17MM option, $1MM buyout)
Segura has been the Phils’ primary second baseman for the past four seasons. He’s generally hit at a slightly above-average level, relying on excellent bat-to-ball skills to prop up an aggressive offensive approach. He’s paired that with above-average defensive ratings at the keystone. He’s lost most of this season after fracturing his finger on a bunt attempt, but he’s healthy now and performing at his typical level. Across 195 plate appearances, he owns a .284/.324/.421 line with seven home runs. Segura is a good player, but a $16MM call will probably be too much for a Philadelphia club that already has five players on the books for more than $20MM next season (and will add a sixth notable salary — more on that shortly). The market also hasn’t been particularly robust for second base-only players in recent years. Segura will be headed into his age-33 season.
- Aaron Nola, SP ($16MM option, $4.25MM buyout)
This one’s a no-brainer for the Phillies to exercise. Nola is one of the sport’s top pitchers, a picture of durability and consistently above-average numbers (aside from a blip in his 2021 ERA that didn’t align with still excellent peripherals). One can argue whether Nola’s a true ace, but he’s at least a high-end #2 caliber arm. He’s given the Phils 144 2/3 innings of 3.17 ERA ball this season, striking out 27.9% of batters faced against a minuscule 3.6% walk rate. Even on a $16MM salary, he’s a bargain.
Reds
- Justin Wilson, RP ($1.22MM option, no buyout)
Wilson signed a complex free agent deal with the Yankees during the 2020-21 offseason. A one-year guarantee, the deal contained player and team options for 2022. Wilson and the Yankees agreed that if he triggered his $2.3MM player option for 2022, the team would get a 2023 option valued at $500K above that year’s league minimum salary. That provision carried over to the Reds when Wilson was dealt to Cincinnati at the 2021 trade deadline, and he indeed exercised the player option last winter. Next year’s league minimum is set at $720K, so Wilson’s option price will come in at $1.22MM.
It’s certainly affordable, but it still seems likely the Reds will let him go. The 34-year-old (35 next week) southpaw underwent Tommy John surgery in June, meaning he won’t return until late in the ’23 season at the earliest. He made just five appearances this season and posted a 5.29 ERA over 34 innings last year.
Brewers
- Kolten Wong, 2B ($10MM option, $2MM buyout)
Wong presents a tricky case for a Milwaukee club that typically runs slightly below-average player payrolls. He’s hitting .255/.336/.425, offense that checks in around 11 percentage points above league average according to wRC+. It’s among the better showings of his career. He doesn’t have huge power, but Wong’s an effective baserunner with plus bat-to-ball skills and good strike zone awareness. He’s a good but certainly not elite offensive player, one who’s performed about as well as Milwaukee could’ve reasonably hoped when signing him over the 2020-21 offseason.
What seems likely to determine whether the Brewers bring him back is how they evaluate his defense. A two-time Gold Glove award winner, Wong has rated as one of the sport’s best defensive second basemen for the majority of his career. Public metrics have unanimously panned his work this year, though, with Statcast’s Outs Above Average pegging him as the worst defensive second baseman in 2022. Wong’s speed has also taken a step back, and perhaps the Brewers think he’s just past his physical prime as he nears his 32nd birthday. If that’s the case, they probably buy him out, since Wong’s value has been so heavily concentrated in his glove. If they feel this year’s downturn is just a blip and expect he’ll return to his old ways on defense, then keeping him around makes sense. Like Segura, Wong could be affected by the market’s recent devaluation of second basemen. It’s also worth noting that Bob Nightengale of USA Today reported that Milwaukee was open to trade offers on Wong before this summer’s deadline. They didn’t move him, but it’s perhaps an indication the front office is leaning towards a buyout.
- Brad Boxberger, RP ($3MM option, $750K buyout)
Boxberger has spent the past couple seasons on low-cost contracts in Milwaukee and generally performed well. He carries a 2.51 ERA through 43 innings this season, albeit with slightly worse than average strikeout and walk rates. Boxberger has a career-worst 8.4% swinging strike rate, and the front office could view his strong run prevention mark as little more than a mirage. The financial cost is modest enough they could nevertheless keep him around, particularly since manager Craig Counsell has trusted Boxberger enough to give him plenty of high-leverage opportunities (largely with good results).
Rockies
- Scott Oberg, RP ($8MM option, no buyout)
Oberg is technically controllable for another season via club option, but the Rockies will obviously decline it. He earned a three-year extension after the 2019 season on the heels of two consecutive sub-3.00 ERA campaigns, no small feat for a reliever calling Coors Field home. Unfortunately, Oberg has dealt with persistent blood clotting issues that prevented him throwing from a single major league pitch throughout the course of the contract. The 32-year-old hasn’t officially announced his retirement, but he admitted in May he’s no longer actively pursuing a return to the field. He’s taken on a role in the Colorado scouting department to stay involved with the organization.
Dodgers
- Max Muncy, INF ($13MM option, $1.5MM buyout)
One of the game’s best hitters from 2018-21, Muncy has had a disappointing season thus far. Seemingly nagged by health issues tied to a ligament tear he suffered in his elbow late last season, he’s had a huge downturn in his offensive production. Muncy still boasts elite strike zone awareness, but his results on contact are way down. Overall, he carries a meager .180/.317/.360 line across 366 trips to the plate.
Still, given what Muncy’s shown himself capable of in the past, it seems unlikely the Dodgers let him go to save $11.5MM. This is an organization that annually runs one of the league’s highest payrolls, and they’ve shown a willingness to place one-year bets on players with upside but risk (e.g. tendering a $17MM arbitration contract to Cody Bellinger on the heels of a .165/.240/.302 season disrupted by injuries). They’ll probably do the same with Muncy and hoping he rediscovers his prior form with another offseason to rehab his elbow.
- Danny Duffy, RP ($7MM option, no buyout)
The Dodgers signed Duffy to a one-year guarantee this spring knowing he wasn’t likely to factor into the plans until midseason. He’d been shooting for a June return but has still yet to make his Dodgers debut, although he’s reportedly throwing at the team’s Arizona complex. It’s unlikely the Dodgers bring him back for $7MM given his recent health woes, but he could change those plans if he makes it back to the mound late in the season and looks like a potential impact arm, as he did at times with the Royals.
- Daniel Hudson, RP ($6.5MM option, $1MM buyout)
Hudson signed a one-year guarantee over the offseason and quickly emerged as a key high-leverage option for manager Dave Roberts. He dominated over 24 1/3 innings, pitching to a 2.22 ERA with an excellent 30.9% strikeout rate while averaging north of 97 MPH on his fastball. The veteran righty looked like one of the sport’s best relievers for two months, but he unfortunately blew out his knee trying to field a ground-ball. He tore his left ACL and is done for the year. The Dodgers could still roll the dice given how well he’d pitched before the injury, but that’s no longer a foregone conclusion. A $5.5MM decision isn’t onerous — particularly for L.A. — but there’s plenty of risk in Hudson’s profile given the injury and the fact that he’ll be headed into his age-36 season.
- Hanser Alberto, INF ($2MM option, $250K buyout)
The Dodgers added the veteran Alberto on a fairly surprising big league deal. He’s been a below-average offensive player for three years running, with his solid contact skills not quite compensating for a lack of power and one of the game’s most aggressive approaches. He’s played a limited utility role, serving as a right-handed bench bat capable of splitting his time between second and third base. Next year’s option price is very affordable, but the Dodgers can probably find a hitter with a bit more punch to play the role Alberto has assumed.
- Jimmy Nelson, RP ($1.1MM option, no buyout)
Nelson underwent Tommy John surgery last August, but the Dodgers brought him back for the league minimum salary to get a cheap option on his services for next year. He’s been on the injured list for all of 2022, as expected. Whether the Dodgers keep him will depend on how he looks at the start of the offseason, but $1.1MM for a 33-year-old who posted a 1.86 ERA and punched out 37.9% of his opponents in 29 innings when last healthy is beyond reasonable.
Padres
- Wil Myers, RF ($20MM option, $1MM buyout)
The Padres have spent the past few years trying to get out from under the money they owe Myers. The extension to which they signed him in January 2017 never worked out, as he’d been a roughly average hitter aside from a monster showing in the shortened 2020 campaign up until this season. The 2022 season has been a disaster, as Myers owns a .233/.277/.295 showing through 159 plate appearances and has lost two months to a right knee injury. He’s healthy now but relegated to fourth outfield duty. Myers will probably find a big league opportunity somewhere this offseason, but it’ll come with a new team and with a substantial pay cut.
Giants
- Evan Longoria, 3B ($13MM option, $5MM buyout)
Longoria is nearing the end of an extension he first signed with the Rays a decade ago. His production dipped late in his stint with Tampa Bay, and Longoria slogged through a trio of mediocre seasons through his first four years in San Francisco. He’s had an offensive resurgence over the past two years, carrying a .254/.340/.468 line in 470 plate appearances going back to the start of 2021. Longoria’s still a good hitter and capable defender at the hot corner, but he’s dealt with plenty of injury concerns as he’s gotten into his late 30s. He’s gone on the injured list five times in the last two seasons, including long-term absences for a shoulder sprain and hand surgery. The hefty buyout means it’d only be an extra $8MM for San Francisco to keep him around, but it seems likely they’ll look to get younger at the hot corner. It’s possible the three-time All-Star takes the decision out of their hands entirely, as he told Susan Slusser of the San Francisco Chronicle in June that he’s not ruling out retiring after this season.
MLBTR Poll: Justin Verlander’s Next Contract
Last winter, Max Scherzer hit the open market as one of the more unique free agents in recent memory. While most baseball players, and athletes of all kinds, generally decline in quality as they get farther from their 20s, Scherzer was 37 and still playing at an elite level. Though last year was his age-36 season, he turned 37 years old on July 27th. (A player’s age on July 1 is generally considered to be their age for the year.) In that year, he threw 179 1/3 innings and somehow registered a career-best 2.46 ERA. Though he got ground balls at a below-average 33.5% clip, his 34.1% strikeout rate and 5.2% walk rate were both much better than the mean. He also added 16 1/2 innings of 2.16 ERA ball in the postseason, just for a little icing on the cake.
So, how do you value an elite pitcher who is 37 years old? The answer from the market was high salary over a short term. Scherzer received a three-year deal covering his age-37 through age-39 seasons, with Scherzer turning 40 in the last year of the deal. The deal comes with a $130MM guarantee, spread out evenly with a $43.33MM salary in each year. That AAV shattered the previous record, which was Gerrit Cole’s $36MM. Scherzer can also opt out of the deal after the second year.
This winter might feature a similar but perhaps more extreme free agent. Justin Verlander threw only six innings in 2020 before Tommy John surgery wiped out the rest of that season and all of 2021. After returning to health, he held a showcase for interested teams, eventually re-signing for the Astros. The contract guaranteed him $25MM for 2022, despite having barely pitched for two years. It also came with a $25MM player option for 2023, conditional on Verlander reaching 130 innings pitched this year. Verlander has already surpassed that mark, allowing him to cash in another $25MM salary next year.
However, he’s pitching so well this season that he’s likely to decline his option and return to the open market in search of a larger payday. Through exactly 130 innings coming into tonight, he has a 1.73 ERA with a 25.5% strikeout rate, 4.6% walk rate and 37.4% ground ball rate. The strikeouts aren’t as high as Scherzer’s were last season, but his ERA is significantly better, with a lower walk rate and better ground ball rate.
Verlander is older than Scherzer, having turned 39 years old in February. However, if he got an annual average value of $25MM after two lost seasons, what would he get after a Cy Young-caliber campaign, even if he is one year older? It will be a fascinating and unprecedented experiment. Verlander could rightly ask for a similar AAV to Scherzer, in the $40-45MM range, depending on how strong he finishes. But how much term will teams be willing to commit to a player about to enter his age-40 season? How many teams will be willing to go to two years? Will any go to three like they did for Scherzer?
But then what does Verlander want? Would he prefer something like a one-year, $50MM deal or try to land around $40MM annually spread out over three years? Verlander has previously said he wants to pitch into his mid-40s, perhaps pointing towards the latter option, but we can’t really know.
MLBTR readers, what do you think? Below are two polls, one for what kind of term you think Verlander will get and another for what kind of guarantee. Let us know your thoughts.
How many years will Justin Verlander get on his next contract?
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2 55% (1,499)
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3 36% (971)
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1 5% (137)
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4 4% (101)
Total votes: 2,708
(link to poll for Trade Rumors iOS/Android app users)
What total guarantee will Justin Verlander get on his next contract?
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Between $50MM and $100MM 65% (1,375)
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Over $100MM 22% (459)
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Less than $50MM 14% (297)
Total votes: 2,131
(link to poll for Trade Rumors iOS/Android app users)
Image courtesy of USA Today Sports.
Previewing Upcoming Club Option Decisions: American League
Yesterday, MLBTR checked in on the status of seven players who have vesting options in their contracts for the 2023 season. Each can (or already has) lock in some guaranteed money or the right to opt out of their current deal based on their workload or finish in awards voting this year.
Over the next two days, we’ll turn our attention to players with less of a say over their contractual status. A host of contracts around the league contain club options for 2023. Some of them will be easy decisions one way or the other, while there are others that’ll be more borderline calls. With teams having to make these calls a little over two months from now, it’s worth taking a look at how these players are performing in 2022.
Today, we’ll start with the American League. We’ll follow up with a look at the Senior Circuit tomorrow.
Orioles
- Jordan Lyles, SP ($11MM option, $1MM buyout)
Baltimore signed Lyles to a $7MM guarantee last winter, taking the form of a $6MM salary for 2022 and at least a $1MM buyout on next year’s option. He’s been a fine back-end starter, working to a 4.35 ERA across 130 1/3 innings. Lyles has below-average strikeout, swinging strike and ground-ball rates, but he leads the club in innings pitched and is throwing plenty of strikes. He’s also drawn strong reviews for his work in the clubhouse with the team’s younger arms. A $10MM call is borderline for a 4th/5th starter type, but the Orioles have almost nothing on the books next season and could keep him around as a veteran stabilizer.
Red Sox
- James Paxton, SP (team must decide on consecutive $13MM options this offseason; Paxton would have $4MM player option for 2023 if club declines)
Paxton signed a convoluted deal last winter that reflected his atypical situation. A mid-rotation caliber starter when healthy, he’s made just six starts over the past three years and hasn’t pitched in an MLB game since undergoing Tommy John surgery last April. He’s making $6MM this season and could be a rotation option for a team that’ll see each of Nathan Eovaldi, Michael Wacha and Rich Hill hit free agency. The club will have to decide whether to trigger consecutive $13MM options (essentially a two-year, $26MM pact) this winter. If they decline, Paxton could opt in to a $4MM salary for 2023 or test free agency. How things play out largely depends on how Paxton looks down the stretch. Manager Alex Cora recently told reporters the southpaw will throw a simulated game on Friday and could soon head out on a minor league rehab appearance (link via Chris Cotillo of MassLive).
- Hirokazu Sawamura, RP (team holds option currently valued at $3.6MM; Sawamura holds player option for 2023 currently valued at $1.8MM if club declines)
Sawamura signed a two-year, $3MM guarantee with the Red Sox over the 2020-21 offseason. The deal also included a club option for 2023 valued anywhere between $3-4MM, depending on whether Sawamura held his roster spot and based on his number of appearances. MLBTR has confirmed that escalators have already pushed the value of the club option to $3.6MM; that price escalates by an additional $100K for reaching each of 45, 50 and 60 appearances this season. (He’s presently at 43 games). If the team declines, Sawamura would have the right to trigger a player option currently valued at $1.8MM. As with the club option, the player option price escalates by $100K for reaching 45, 50 and 60 appearances. If both sides bypass their respective options, Sawamura would receive a $1MM buyout.
It seems likely that Sawamura’s team option price will fall somewhere in the $3.8MM – 3.9MM range, with a $1.8MM gap between the value of the club and player options. That’s an acceptable price to pay for a solid reliever, albeit one who’s been relied upon more in lower-leverage innings. Sawamura has a 3.14 ERA in 97 1/3 innings since coming stateside, striking out a decent 23% of opponents with a strong 51.7% ground-ball rate. He’s had issues throwing strikes consistently, but he’s an affordable power arm for a middle innings group that has been one of the team’s biggest weaknesses. That the Red Sox haven’t given Sawamura much high-leverage work in spite of their bullpen struggles is enough of a red flag to put this one in some doubt, but it seems likelier they’ll keep him around.
Yankees
- Luis Severino, SP ($15MM option, $2.75MM buyout)
Severino barely pitched between 2019-21 because of injuries, including a Tommy John recovery. He returned to the rotation this season and pitched to an impressive 3.45 ERA through 16 starts before suffering a lat injury that’ll cost him at least two months. The injury history is a real concern, but Severino still looks like an above-average starter when healthy. He’s averaged around 96 MPH on his fastball, struck out 27.2% of opposing hitters and has a tiny 7.2% walk rate. The Yankees would have to be very pessimistic about his health outlook to buy out his age-29 season, particularly since it’s only a $12.25MM decision once the buyout price is taken into account.
Rays
- Kevin Kiermaier, CF ($13MM option, $2.5MM buyout)
Kiermaier hit .228/.281/.369 over 221 plate appearances before suffering a season-ending left hip injury. It’s the latest in a long line of major health issues for the 32-year-old, and the Rays are planning to buy out the three-time Gold Glove winner. It’s possible the team tries to circle back at a lower price point, but the career-long Ray is likely to hit the open market for the first time in his career.
Blue Jays
- Anthony Bass, RP ($3MM option, $1MM buyout)
The Jays just acquired Bass from the Marlins at the trade deadline, fortifying their bullpen with a productive middle-innings arm. Bass has an excellent 1.49 ERA through 48 1/3 innings on the year, striking out 26.2% of opponents against just a 5.9% walk rate. It’s a career-best season at age 34, but Bass has a sub-4.00 ERA for five years running. He’s an underrated bullpen piece, and the Jays are sure to bring him back for what amounts to a $2MM decision.
White Sox
- Tim Anderson, SS ($12.5MM option, $1MM buyout)
This is as easy a call as any team will have to make this winter. Anderson has been one of the game’s better players four years running. He’s an elite contact hitter and baserunner, and he’s cemented himself as the Sox’s franchise shortstop. His 2022 season has been dinged by injuries, including a recent hand ligament tear that’ll cost him most of the remaining schedule. Frustrating year aside, Anderson has hit at a quality .301/.339/.395 clip this season and been an All-Star caliber performer in prior years. The White Sox are keeping him around next year, and they can do the same in 2024 via $14MM option.
- Josh Harrison, 2B ($5.5MM option, $1.5MM buyout)
Harrison signed a one-year deal in Spring Training and got off to a dreadful start. The veteran utilityman has turned things on since the calendar flipped to June, though, and he now carries a roughly league average .242/.312/.385 line through 281 plate appearances. The Sox will have to make a $4MM call this offseason on whether to bring him back for 2023. They’ll probably look for an upgrade at second base, but that’s a reasonable enough sum to dedicate to a quality infielder off the bench. Chicago already has Leury García making decent money in that role, and they might prefer to focus their finances on adding to the back of the rotation and bringing back star first baseman José Abreu.
Guardians
- Bryan Shaw, RP ($4MM option, $500K buyout)
Shaw is a longtime member of the Cleveland organization, having spent seven of his 11 MLB seasons there. He’s a durable bullpen workhorse who’s clearly a favorite of the coaching staff and front office, but his 2022 results have not been good. The 34-year-old righty owns a 5.36 ERA across 40 1/3 innings. He’s only striking out 17.7% of opponents, walking batters at an elevated 11.6% clip and has had some home run issues. The Guardians seem likely to go in another direction this offseason.
Twins
- Miguel Sanó, 1B ($14MM option, $3MM buyout)
Sanó is a longtime member of the organization who’s capable of carrying a lineup with his power at his best. His platform season has been a disaster, though, and the Twins are sure to buy out his option. The 29-year-old underwent surgery to repair a meniscus tear in his knee in May. He returned briefly but went back on the 60-day injured list last week with additional knee concerns. It’s not clear whether he’ll make it back this season. Sanó has an .083/.211/.133 line in 20 games this year after slightly above-average offensive performances in 2020-21.
- Sonny Gray, SP ($13.1MM option, no buyout)
Just as Sanó’s option is certain to be bought out, Gray’s is a no-brainer to exercise. Minnesota acquired the right-hander from the Reds in Spring Training, sending last year’s first-round pick Chase Petty to Cincinnati. Gray lost some time on the injured list, but he’s posted an impressive 3.19 ERA with slightly above-average peripherals through his first 16 starts in a Twins uniform. A mid-rotation starter of his caliber is a solid bargain at the cost of his option, which played into the fairly high asking price the Twins had to relinquish in the trade.
- Dylan Bundy, SP ($11MM option, $1MM buyout)
The Twins bought low on Bundy on a one-year free agent deal, hoping he’d rebound from a dismal 2021 and look more like the mid-rotation arm he resembled in 2020. That hasn’t really transpired, as the right-hander has a 5.01 ERA through 93 1/3 innings. He’s averaging a personal-low 89.2 MPH on his fastball, and while he’s throwing plenty of strikes, that lack of velocity has been reflected in both his 18.6% strikeout rate and higher than average home run rate. It seems likely the Twins will decline the option and reallocate that $10MM elsewhere, particularly with the recent acquisition of Tyler Mahle and Kenta Maeda’s expected return reducing the urgency to add to the rotation next season.
Astros
- Will Smith, RP ($13MM option, $1MM buyout)
Acquired in a one-for-one deadline swap that sent Jake Odorizzi to Atlanta, Smith is having a generally disappointing year. He has a 4.17 ERA through 41 innings, striking out a personal-worst 24.1% of batters faced with a career-high 11.2% walk rate. Smith was an effective late-game arm as recently as a season ago and is still generating swinging strikes at a quality 14.2% clip, but the $12MM price tag seems likely to be too hefty given the mediocre strikeout and walk numbers.
Athletics
- Stephen Piscotty, RF ($15MM option, $1MM buyout)
Piscotty has spent five seasons in Oakland after being acquired from the Cardinals heading into the 2018 campaign. He had an excellent first season in green and gold, but he’s been a well below-average hitter fours years running now. Going back to the start of 2019, Piscotty has a .231/.288/.380 line in just under 900 trips to the plate. He’s sure to be bought out and could be looking at minor league offers next winter.
Mariners
- Ken Giles, RP ($9.5MM option, $500K buyout)
Seattle signed Giles to a two-year deal knowing he’d miss all of 2021 recovering from Tommy John surgery. Unfortunately, hopes of a year two payout have been largely derailed by a finger issue that delayed his season debut and some shoulder tightness that has kept him out of action for the past month. Giles has thrown just 4 1/3 innings in a Seattle uniform, surrendering only one hit but four walks with six strikeouts. He’s averaged 94.8 MPH on his fastball, still solid but down from the 96.9 MPH range he showed during his incredible 2019 season with the Blue Jays. There’s a non-zero chance Giles returns — he’s currently on a rehab assignment in Triple-A — and dominates down the stretch to make Seattle think about the option. For the moment, though, it’s trending towards a buyout.
Rangers
- Garrett Richards, RP ($9MM option, $1MM buyout)
Texas signed the 34-year-old Richards to a one-year guarantee over the offseason, hoping he’d build off the promise he showed in a late-season bullpen stint with the Red Sox. That hasn’t panned out, as he has a 5.35 ERA across 38 2/3 innings of relief. Richards has an excellent 52.1% ground-ball rate, but he’s not missing as many bats as one would like and he’s giving up a lot of hard contact. Texas seems likely to buy him out.
- José Leclerc, RP ($6MM option, $750K buyout)
Texas signed Leclerc to an early-career extension in 2019, locking him in after a 1.56 ERA season the year before. He struggled with his control the following season, then missed virtually all of 2020-21 battling elbow issues that eventually culminated in Tommy John surgery. Leclerc returned to the mound in June but has a 4.01 ERA with a personal-low 20.4% strikeout percentage in 24 2/3 innings of generally low-leverage work. He’s still throwing hard and missing plenty of bats with his slider, so there’s a chance Texas takes an optimistic view and keeps him around. His deal also contains a $6.25MM option for 2024, so he’d be under control for multiple seasons if the Rangers are willing to give him a bit of a longer leash. This feels like it could go either way depending on how he performs down the stretch.
- Kole Calhoun, RF ($5.5MM option, no buyout)
The Rangers signing of Calhoun to a one-year deal over the winter hasn’t panned out. He’s hitting .211/.269/.363 through 350 plate appearances and is currently on the injured list with a heel issue. It’s a second straight below-average season for the veteran outfielder, who’ll be 35 in October. The Rangers will almost assuredly decline the option and look elsewhere in right field as they aim for legitimate competitiveness in 2023.
2022-23 MLB Free Agent Power Rankings: August Edition
A lot has changed since the last edition of MLBTR’s Free Agent Power Rankings. Joe Musgrove, formerly the No. 5 entrant on the list, has since signed a five-year extension with his hometown Padres, keeping him from reaching the market. Willson Contreras, the No. 9 entrant on that edition of the list, was somewhat stunningly not traded at the deadline, meaning he’ll be subject to draft-pick compensation. Jacob deGrom had yet to pitch at that point in the season but has now made a dominant pair of outings in his 2022 debut. More broadly, several players on the list or on the “honorable mention” portion of the list have altered their stock with strong play or faded.
Here’s a look at where things stand, with a reminder that this list is based on what the MLBTR team believes to be each player’s earning power in free agency — not necessarily a ranking of the “best” free agents or who’ll hold up the best over the life of a major free-agent contract.
1. Aaron Judge, OF, Yankees (Last ranked: 1): While plenty has changed since the May 25 version of these rankings, it’s business as usual for Judge, who boldly turned down a seven-year, $213.5MM extension offer back in Spring Training and now looks prescient for doing so. Judge was hitting .314/.386/.692 at the time of our last rankings and has followed that with a remarkably consistent .292/.390/.654 line in 64 games since. Judge is on pace to top Roger Maris’ 61 home runs from the 1961 season, leading the Majors not only in long balls (44) but also runs scored (93), RBIs (98), slugging percentage (.677), OPS (1.068) and wRC+ (196). He’s leading the AL with 122 hits and has even stolen a career-high 11 bases (without being caught).
Judge has been the best hitter on the planet since Opening Day, and as things currently stand, the only person who could conceivably stand in his way of winning his first AL MVP trophy would be Angels sensation Shohei Ohtani. However, great as Ohtani has been again in 2022, his offense isn’t quite what it was last year (and isn’t anywhere close to Judge’s league-leading dominance). From a pure WAR perspective, Judge has been so good this year that his value with the bat has eclipsed Ohtani’s combined value at the plate and on the mound.
Regardless, Judge is now poised to reach free agency on the heels of the finest season of his already brilliant big league career. He’ll play the 2023 season at age 31, which is about the only strike against him in free agency. Judge will receive and reject a qualifying offer from the Yankees, and even though he’d be 38 by the end of an eight-year deal, that seems plenty plausible. He could very well command the largest annual salary any position player has ever received, too, and a $300MM overall contract doesn’t seem out of the question. This is what it looks like to bet on yourself and win — in resounding, overwhelming fashion, no less.
2. Trea Turner, SS, Dodgers (LR: 3): There’s not much on the baseball field that Turner doesn’t do well. The 29-year-old is the sport’s fastest player, by measure of Statcast’s Average Sprint Speed, and he’s hitting .305/.345/.499 as of this writing. The 28 home runs he popped in 2021 might very well go down as a career-high, but Turner should finish this year around 25 dingers and has twice in the past hit 19 long balls (including in a 2019 season where he played in just 122 games).
That injury shortened ’19 campaign was the only one in the past half decade in which Turner spent significant time on the shelf. Over the past five years, he’s a .303/.358/.493 hitter who’s made a pair of All-Star teams, won a batting title and taken home a World Series ring.
By the end of a long-term deal, Turner will probably move off shortstop, but he’s a solid option there for now who’d be plenty capable of sliding over to second base at some point. Over the past three seasons, he’s been 43% better than league-average with the bat, by measure of wRC+, and this will be his fourth season of at least four wins above replacement in the past five years — with the 60-game 2020 season, when he boasted 2.8 fWAR and bWAR alike, being the lone exception.
If Turner had been born a day later, next year would technically be considered his age-29 season, but he’ll be 30 on June 30, and the July 1 cutoff is (for whatever reason) generally seen as the arbitrary turning point for a player’s age in a given year. A seven-year deal for Turner would run through age-37, and an eight-year deal through age-38. He’ll have to contend with a qualifying offer and another deep class of shortstops, but Turner is one of baseball’s most well-rounded players and figures to be compensated in line with the game’s 10 to 20 best position players.
3. Nolan Arenado, 3B, Cardinals (LR: 6): It’s difficult to directly compare Arenado’s 2022 season and the 2019 season that propelled Anthony Rendon to a seven-year, $245MM contract, given that Rendon’s Herculean ’19 effort came during the juiced-ball season. Offense is down league-wide now, yet Arenado stacks up favorably in terms of batting average, on-base percentage and slugging percentage. Metrics like wRC+ and OPS+, which weight for both home park and league environment, feel that Arenado’s 2022 production at the plate has actually been slightly better.
Defensively, Arenado is nearly peerless at his position. Since making his MLB debut in 2013, Arenado ranks second among all players, regardless of position, with 151 Defensive Runs Saved, trailing only Andrelton Simmons. He’s third to Francisco Lindor and Nick Ahmed in Statcast’s Outs Above Average, which tracks defensive data dating back to 2016. Arenado’s numbers aren’t inflated by early-career marks, either. He remains elite this season, ranking third in all of MLB in DRS and second in OAA. Defensive metrics and the eye test agree, as Arenado has been a human highlight reel at the hot corner for his decade-long career.
The age gap between 2022 Arenado (31) and 2019 Rendon (29) can’t be ignored. However, that should be more reflected in the length of a theoretical Arenado contract than in the annual value. It’s also, of course, worth noting that Arenado is technically under contract through 2027. He’s guaranteed $144MM in that time but has the right to opt out of the contract after the current season. Arenado forwent an opt-out clause after the 2021 season, but his 2022 campaign is the best of his career.
Even if he’s capped at a five-year deal in free agency, he should be able to trounce the current $28.8MM annual value remaining on his deal by as much as $5-7MM — and a six-year deal doesn’t seem impossible to imagine coming off such a brilliant effort. (Freddie Freeman scored a six-year deal beginning with his age-32 season, so there’s recent precedent.) Perhaps Arenado and the Cardinals will work out a compromise, and it’s always possible he decides he’s happy in St. Louis and just passes on the opt-out entirely. If he does want to test the market again, however, there could be another $20-60MM in earning power for him on top of his current deal.
4. Carlos Correa, SS, Twins (LR: 2): The 2022 season might not have gone quite as well as either Correa or the Twins hoped, but he’s still enjoying a sound all-around year, hitting .265/.343/.433 (22% better than league average, by measure of wRC+). He got out to a slow start in April and has slumped following the All-Star break, but for a three-month stretch from late April to late July, Correa hit .308/.375/.509. Provided the current slump doesn’t last too long, Correa stands a decent chance to be around 30% better than average at the plate for the second straight season and third time in four years.
Last year’s all-world defensive ratings have taken a dip thus far in 2022 — surprising for a player who has generally been a consistent source of elite glovework. He’s made five throwing errors this season, tied for his most since 2016, but Correa has been plenty sure-handed, booting just two balls hit to him. He’s spent the year throwing to Miguel Sano and a pair of makeshift first baseman who’ve converted from other positions (Luis Arraez, Jose Miranda), so perhaps some of the throwing miscues can be forgiven by a team with a better defensive outlook at first base.
If those first couple paragraphs feel like they’re filled with caveats — well, they are. The simple fact is that Correa hasn’t had as strong a season as he did in 2021 and probably shouldn’t be expected to command the type of contract many (MLBTR included) thought to be possible last offseason. That said, Correa still hasn’t even turned 28 — the age at which he’ll play nearly all of the 2023 season. His youth alone gives him the chance to command the longest contract of any free agent this winter; even a 10-year deal would run through age-37.
That type of contract may not be on the table without a huge finish, but Correa is still a plus defender and well above-average hitter with age on his side. It’s perhaps narrowly more plausible that he could opt into a second year with the Twins, take another $35.1MM salary and hope to hit free agency on the heels of a stronger platform in 2023, but his current earning power is still among the best in this year’s free-agent class.
5. Xander Bogaerts, SS, Red Sox (LR: 4): When the last version of our list was published, Bogaerts had homered just four times in 174 plate appearances while posting a below-average .135 ISO (slugging minus batting average). It was easy enough to overlook as little more than small-sample noise at the time, but Bogaerts has hit just five home runs in 267 plate appearances since that time and now has nine long balls and a tepid .141 ISO in 441 trips to the plate. That’s the worst power output we’ve seen from Bogaerts since 2017 by an overwhelming margin. From 2018-21, he belted 90 homers in 2106 plate appearances while turning in a stout .224 ISO.
Bogaerts is still hitting .311/.383/.452 on the season, but he’s also sporting a career-high .382 average on balls in play that he’s not going to sustain — particularly not when his average exit velocity, barrel rate and hard-hit rate are at their lowest or near-lowest levels since 2017.
There’s still no doubt that Bogaerts will opt out of the remaining three years and $60MM on his contract, but he’d be higher on this list if not for his power stroke going MIA. Couple that with ongoing questions about his defense — some teams are surely going to see Bogaerts as a player who needs to move off shortstop, perhaps as soon as 2023 — and the current free-agent outlook is a bit murkier than expected.
Nevertheless, Bogaerts has a long track record of excellent offense and well above-average power output. With a strong finish to the season, particularly in the power department, he should have no problem commanding a notable nine-figure deal — and something in excess of $200MM can’t be ruled out.
6. Jacob deGrom, RHP, Mets (LR: 7): The No. 6 ranking here for deGrom factors in something of a best-case scenario, but this list is based on earning power, after all. If deGrom gets hurt again or struggles down the stretch, it’s possible he’ll drop off the list entirely. The latter of those two scenarios seems unlikely, though, as deGrom hasn’t “struggled” since 2017. He’s been dominant through his first two starts of the 2022 season, averaging 99.2 mph with his fastball and holding opponents to three runs on four hits and a walk with 18 punchouts through 10 2/3 innings.
Dating back to 2018, deGrom has a comical 1.95 ERA in 591 2/3 innings with a 34.9% strikeout rate against a 5.3% walk rate. When healthy, deGrom is simply unmatched in terms of starting pitching dominance over that period. He ranks second among all Major League pitchers with 24 wins above replacement dating back to 2018, per FanGraphs, despite the fact that he’s made only 93 starts in that time. Max Scherzer tops the list but has started 24 more games and logged 143 2/3 more innings — about an extra 75% of a season’s worth of work.
If deGrom finishes the season with no red flags, the bidding should be furious. He’ll turn 35 next June, making him nearly three full years younger than Scherzer was when he secured his record-setting three-year, $130MM deal from the Mets. DeGrom could justifiably look to top that AAV on a multi-year deal, and he’s too good for the bidding to stop at two years. The biggest question surrounding deGrom is just how many years someone will be willing to guarantee. A three-year pact in excess of Scherzer’s seems doable, and a fourth year ought to be on the table as well.
7. Dansby Swanson, SS, Braves (LR: Not Ranked): Long a plus defender at shortstop, Swanson is having another strong year with the glove and a career year with the bat. He’s followed up a career-high 27 home runs in 2021 with a .292/.348/.461 showing through 463 trips to the plate. He’s been the beneficiary of a .375 average on balls in play that he surely won’t sustain over a larger sample, but Swanson is also making hard contact at a career-best 44.7% clip and elevating the ball more than he has in years past.
A greater walk rate than his current 7.3% clip or lower strikeout rate than his 26.3% mark would raise Swanson’s floor, but his glove alone will make him an above-average regular and he’s well on his way to his second straight 25-homer season. Add in that Swanson will play all of next season at 29 years old, and a nine-figure deal seems likely. Both Trevor Story and Javier Baez landed six-year, $140MM pacts last winter at the same age. Swanson will have to contend with a qualifying offer and with some more decorated shortstop options ahead of him on the market, but he’ll be in high demand all the same.
8. Carlos Rodon, LHP, Giants (LR: 8): Rodon was the best pitcher in baseball through late July in 2021, but he was capped to five innings per appearance (at most) down the stretch as he battled shoulder fatigue and diminished velocity. For a pitcher with Rodon’s injury history, that limited interest in him to the point that he took a two-year, $44MM deal with a chance to opt out following the 2022 season — provided he reached 110 frames.
Rodon has not only reached 110 innings — he’s shot past it with career-best velocity (95.8 mph average fastball) and another sub-3.00 ERA (2.95 through 128 1/3 frames thus far). Rodon is averaging just shy of six innings per outing and boasts a 31.2% strikeout rate against a 7.6% walk rate. He’s reached double-digit strikeouts in six of his 22 starts and held opponents to three or fewer runs in 18 of 22 tries.
Rodon’s fastball in his past eight starts is down about one mile per hour over his average from his first 14 starts, but it’s still been a healthy 95.1 mph in that stretch. That said, he threw a complete game on July 9, worked seven shutout innings on July 31, and averaged a resurgent 96 mph with his heater in his most recent outing. At least so far, Rodon doesn’t appear to be fading at all. If he can avoid the type of late swoon he experienced in 2021, he ought to find four- and five-year offers at superior annual values to this contract’s $22MM AAV. He’ll receive a qualifying offer and surely reject it, which isn’t ideal, but he has the best combination of age (30 all of next season) and 2022 performance of any starter on this year’s market.
9. Justin Verlander, RHP, Astros (LR: Not Ranked): Simply returning to make a full season’s worth of starts would’ve been a feat for a 39-year-old who had pitched just six innings since the end of the 2019 season due to Tommy John surgery. Verlander, of course, is no ordinary 39-year-old, and he’s not only returned but positioned himself as a front-runner for the AL Cy Young Award.
It’s a jaw-dropping feat, even for one of this generation’s best. Verlander has a 1.73 ERA with a 25.5% strikeout rate against a minuscule 4.6% walk rate. He’s averaging nearly 6 2/3 innings per start, sitting 95.1 mph with his heater — his second-best mark since way back in 2011 — and has thrown a quality start in 16 of his 20 appearances this year. Verlander hasn’t yielded more than one earned run in a start since June 18 and has held opponents to one or zero earned runs in a stunning 15 of 20 starts.
He’ll turn 40 in February, but Verlander has a legitimate case to break Max Scherzer’s $43.33MM AAV, particularly if he’s looking at a two-year deal. He’s said he wants to pitch into his mid-40s and looks as good as ever, though, so we shouldn’t discount the possibility that a team shrugs and goes to three guaranteed years for this generation’s most prolific workhorse. Verlander unlocked a $25MM player option when he reached 130 innings pitched, but he should be able to crush that in free agency even if he prefers to work out an extension with Houston.
10. Edwin Diaz, RHP, Mets (LR: Not Ranked): It’s been six years since Mark Melancon (four years, $62MM), Kenley Jansen (five years, $80MM) and Aroldis Chapman (five years, $85MM) each set new records for relief contracts in the same offseason. Diaz, the most dominant reliever in baseball this season, will have a chance to topple that Chapman record when he heads into free agency in advance of his age-29 season.
After a nightmarish first season in Queens, Diaz has righted the ship and become a spectacle in the best kind of way. He’s averaging 99.1 mph on his heater this season, has punched out 52.9% of his opponents and has an entrance more befitting of a professional wrestler than a Major League closer.
Diaz’s Baseball Savant profile looks like a video game cheat code. He’s leading the Majors in expected ERA, expected wOBA, expected batting average, expected slugging percentage, strikeout rate, whiff rate and ranks in the 99th percentile in average exit velocity, opponents’ chase rate, opponents’ barrel rate and fastball velocity. Diaz last allowed an earned run on June 18, and in 18 innings since that time he’s posted a 38-to-1 K/BB ratio while yielding just seven hits.
The 2022 version of Edwin Diaz might be the best reliever we’ve seen since Mariano Rivera. He’ll be hit with a qualifying offer, but it’s doubtful the teams pursuing him are going to even care about that. It’d be a surprise if Diaz doesn’t set a new contract record for relief pitchers this winter, and he could be baseball’s first nine-figure reliever.
Honorable Mentions: Brandon Nimmo, Willson Contreras, Jose Abreu, Josh Bell, Chris Bassitt, Nathan Eovaldi, Andrew Benintendi
Can Edwin Diaz Get A Record-Breaking Contract?
In the upcoming free agent class, there’s no debate about the top available relief pitcher. Mets’ closer Edwin Diaz is arguably the best reliever in the entire sport right now and will be the jewel of that segment of free agency.
Now 28, Diaz burst onto the scene with the Mariners at the age of 22, recording 18 saves as a rookie. After two more excellent seasons as Seattle’s closer, he was traded to the Mets, partly as a way for the Mariners to get out from under Robinson Cano‘s contract. Though he struggled in 2019, his first season in Queens, he righted the ship over the next couple of seasons. Coming into this year, Diaz had a career 3.23 ERA with a 38.6% strikeout rate, 8.8% walk rate and 40.2% ground ball rate.
Despite that excellent body of work, he’s somehow found a way to take his game to new heights here in 2022. Through 45 1/3 innings on the year, he has a miniscule 1.39 ERA. 48.5% of batted balls against him are going into the ground, which is a career high and well above the 43.3% league average for relievers. His 7% walk rate is a few points better than the 9.1% rate for relievers around the league. But most impressively, he is striking out 52.9% of batters who come to the plate, well beyond his career high and more than double the 23.4% average for bullpen arms. That rate is easily the best among all pitchers in baseball with at least 20 innings pitched on the year, with Josh Hader coming in a distant second at 41.9%.
Diaz’s Statcast page is blood red, with the hurler coming in the 100th percentile in terms of strikeout rate and whiff rate, 99th percentile in terms of average exit velocity, barrel percentage and chase rate, and 87th percentile in hard hit rate. Hitters aren’t hitting him and rarely inflict any damage when they do. He averages 99 mph on his fastball and 90.7 mph on his slider.
If Diaz continues pitching at this elite level, could he push for a record-breaking contract, either in total dollars or average annual value? The largest contract ever given to a relief pitcher is the five-year deal signed between Aroldis Chapman and the Yankees prior to the 2017 campaign, which was for $86MM over five years, with Chapman eligible to opt out after three. That amounts to an average annual value of $17.2MM. Also worth noting, Liam Hendriks and the White Sox signed a four-year, $54MM contract prior to the 2021 season. The last year of the contract is technically a $15MM club option with a $15MM buyout. If the club chooses to buy him out, they will pay him that $15MM deferred over a ten-year period instead of paying it all out during the 2024 campaign. This unique contract, depending on how you look at it, either has an AAV of $13.5MM over four years or $18MM over three years. For those in the latter camp, Hendriks will be included in the forthcoming analysis.
When Chapman signed his contract, he was going into his age-29 season, which is the same situation as Diaz. Hendriks was going into his age-32 season. But what about performance? Here are all three pitchers in their final year before free agency, for comparison.
- Chapman in 2016: 58 innings, 1.55 ERA, 40.5% strikeout rate, 8.1% walk rate, 46% ground ball rate.
- Hendriks in 2020: 25 1/3 innings, 1.78 ERA, 40.2% strikeout rate, 3.3% walk rate, 32% ground ball rate.
- Diaz in 2022: 45 1/3 innings, 1.39 ERA, 52.9% strikeout rate, 7% walk rate, 48.5% ground ball rate.
Here’s the three seasons leading into free agency:
- Chapman in 2014-2016: 178 1/3 innings, 1.72 ERA, 44.4% strikeout rate, 10.7% walk rate, 41.8% ground ball rate.
- Hendriks in 2018-2020: 134 1/3 innings, 2.21 ERA, 34.7% strikeout rate, 6.4% walk rate, 33.4% ground ball rate.
- Diaz in 2020-2022: 133 2/3 innings, 2.42 ERA, 42.7% strikeout rate, 9.1% walk rate, 39.8% ground ball rate.
I think it’s fair to say that Diaz will be entering free agency with a less consistent track record than either Hendriks or Chapman. Hendriks’ track record, broadly speaking, was less overpowering but also less wild. The shortened 2020 season was the first time he posted a strikeout rate above 40%, but he also had never posted a double-digit walk rate. Chapman had a double-digit walk rate four times prior to reaching free agency, but also got strikeouts above 40% five straight seasons from 2012 to 2016, including a 52.5% rate in 2014. Diaz had an 11.5% walk rate in 2017 and then 12.7% in the shortened 2020 campaign but hasn’t had alarming numbers of free passes apart from that. He’s also gone beyond a 40% strikeout rate three times prior to this year, though never for two seasons in a row.
Looking just at the platform seasons, Hendriks limited walks in the shortened campaign, but got far less strikeouts and ground balls than the other two. Chapman trails Diaz in every rate category, however, with Diaz just 12 2/3 innings behind in terms of the sample size. If he can maintain this over the season’s final months, he could argue that he’s a better option now than Chapman was in 2017. Also, given that Chapman’s contract will be six years old this winter, there’s an argument that the natural trajectory of inflation should lead to Diaz getting a larger contract than Chapman, if they were considered equally talented. One thing working against Diaz, however, is the qualifying offer. Chapman was traded from the Yankees to the Cubs midseason in 2016, making him ineligible to receive a QO. Diaz, on the other hand, is a lock to receive one, meaning any team that signs him would be subject to draft pick forfeiture and potentially other penalties.
All in all, it seems like Chapman and Diaz make for fairly close comps. Hendriks was a bit older and got a shorter contract, with unique accounting measures inflating the AAV on paper. Diaz will be the same age as Chapman was at the time of his contract, both of them having strong track records and dominant platform seasons. Chapman didn’t have the QO attached but Diaz will have six years of inflationary progress helping push his dollars up.
There’s still some time for Diaz to change the calculus one way or another, and there’s also the postseason to consider, as Chapman pitched for the championship Cubs in 2016. He threw 15 2/3 innings in the playoffs that year, but not quite at his level from the regular season. The competition in the postseason is naturally higher than otherwise, but Chapman put up an ERA of 3.45 in that time, with a diminished 33.9% strikeout rate, a 9.7% walk rate and 43.8% ground ball rate. Since Diaz pitches for the Mets, who have a seven-game lead in the NL East and are almost guaranteed to make the playoffs, Diaz should get a chance to showcase his talents against the game’s highest competition and on its brightest stage. If he thrives there as he’s thrived elsewhere this year, he’ll have a chance to take the throne as the game’s highest-paid reliever ever.
Image courtesy of USA Today Sports.