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MLBTR Originals

Free Agent Stock Watch: John Lackey

By Steve Adams | September 18, 2015 at 3:09pm CDT

For all of the talk about the top names on the 2015-16 free agent market — and there are quite a few, with David Price, Johnny Cueto, Jordan Zimmermann and many others seeing their contracts expire — John Lackey’s strong season has flown largely under the radar.

Aug 15, 2015; St. Louis, MO, USA; St. Louis Cardinals starting pitcher John Lackey (41) waves to fans as he leaves the game against the Miami Marlins at Busch Stadium. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

Perhaps due to his age — Lackey will pitch next season at age 37 — Lackey hasn’t generated the amount of fanfare that his younger peers have enjoyed, but the veteran right-hander has turned in a stellar platform campaign which can serve as the basis for perhaps one final, sizable multi-year contract.

Lackey’s contractual status for 2015 has been well-publicized; the Tommy John surgery he underwent now more than three years ago triggered a clause in his five-year, $82.5MM contract that tacked on a club option at the league minimum. Derrick Goold of the St. Louis Post-Dispatch reported recently that Lackey and the Cardinals agreed to add some incentives to the deal, so Lackey will take home a little more than $2MM in 2015 based on innings pitched. It’s an upgrade from his league-minimum base salary, but it’s hardly a payday that is commensurate with the outstanding results turned in by Lackey in his first full season in the National League.

Lackey has, at present, thrown an even 200 innings this season and worked to a 2.79 ERA with 7.1 K/9, 2.3 BB/9 and a characteristically solid, if unspectacular 45.3 percent ground-ball rate. Sabermetric indicators such as FIP (3.57), xFIP (3.90) and SIERA (4.02) all feel that Lackey has benefited from some good fortune — more specifically his atypical 81.7 percent strand rate. Lackey’s stranded runners at about a 73 percent clip in his career, and abnormal strand rates — whether on the high or low side — have a tendency to regress toward a pitcher’s career rate.

Even if Lackey’s true talent is more of a mid- to upper-3.00 ERA pitcher, however, there’s unquestionably a market for durable, playoff-tested starters that can be penciled in for 30+ starts each season. Lackey looks every bit that part, even with some ERA regression. Over the past three seasons, Lackey’s averaged 30 starts/196 innings per season (those numbers, of course, will go up, as he has a few remaining turns in 2015) and worked to a cumulative 3.37 ERA with 7.4 K/9, 2.1 BB/9 and a ground-ball rate of roughly 45 percent. Those peripheral stats are near-mirror images of his 2015 performance, and his average fastball velocity has remained consistent as well, sitting at 91.7 mph or 91.6 mph in each of those seasons.

Lackey may not be a true ace like Price or Zack Greinke, and he may not have the ceiling of some of his second-tier peers such as Scott Kazmir or possess the pure stuff of a Jeff Samardzija. But, what he does bring to the table is a recent history of consistently above-average innings, and that ability has proven to be lucrative in recent years, even for aging pitchers.

Bronson Arroyo landed a two-year, $23.5MM contract from the D-Backs based largely on his ability to rack up league-average innings year after year. Lackey doesn’t have the string of 200+ inning seasons that Arroyo did, but he’s also turned in far better recent results and has historically been a superior pitcher. Tim Hudson landed the same type of contract heading into his age-38 season. Lackey will be a year younger and coming off a brilliant 200-inning season, whereas Hudson didn’t pitch in the final two months of the 2013 campaign due to a fractured ankle. Beyond that, the overall strength of the free agent market has grown a bit since those deals were signed.

Lackey should be able to find, at minimum, a two-year contract with a stronger average annual value than Arroyo and Hudson, but a three-year deal wouldn’t be shocking. His agents at Octagon could very well aim for the sky and seek a deal similar to Derek Lowe’s precedent-setting four-year pact at the age of 37, but that outcome seems unlikely. Barring an injury or complete meltdown in his final few starts and/or the postseason, Lackey is poised for a significant payday — perhaps one that’s larger than many would’ve expected based on his age.

Photo courtesy of USA Today Sports Images.

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Free Agent Stock Watch MLBTR Originals St. Louis Cardinals John Lackey

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Three Needs: San Diego Padres

By Jeff Todd | September 17, 2015 at 5:40pm CDT

As we continue working our way through the major needs of non-contenders with the offseason in sight, we’ll turn our attention to the Padres. San Diego entered the year with big expectations after a volatile winter under new GM A.J. Preller. Things haven’t worked out as planned, but the Friars nevertheless stood pat at the trade deadline. San Diego is as unpredictable as any organization in baseball right now, but here are a few areas the team might look to address:

1. Get the talent pipeline flowing. Preller came to San Diego with a reputation as a hard-working, discerning evaluator of talent who could dig up young players at good values. President/CEO Mike Dee explained the premise before the season: “But [Preller] said you don’t have to choose between one or the other. You can have both. You can have a strong pursuit of amateur and international talent and still add impact players. … I’m excited to see the second half of what he’s known for [in the international market].” 

One year into Preller’s tenure, the club’s farm is lagging — even as the team struggles at the major league level. As things stand, the organization has just one top-100 prospect (Hunter Renfroe, #76 per MLB.com). The Padres didn’t have a first-round draft pick last year after sacrificing their first two choices in the James Shields signing and the Craig Kimbrel trade. And while the organization says it’s happy with its haul of July 2 prospects, it didn’t land Yoan Moncada, Yadier Alvarez, or any of the other most-hyped Latin American players on this year’s international market.

We’ve already seen Preller trade away a good portion of the upper-level talent he inherited. Now, he’ll need to show that he can successfully re-fill the system. The team appears to be headed for a top-ten draft pick, and can use qualifying offers to Justin Upton and (potentially) Ian Kennedy to add more selections and spending capacity. That’s a nice start, but more creative measures — such as trading a player like Kimbrel, searching the trade market for competitive balance picks and international signing pools, and/or looking for the next Touki Toussaint deal — may be needed.

2. Sort out the middle infield. Dating from the start of the 2011 season, the Padres rank dead last in major league baseball in middle infielder fWAR. The bulk of the positive wins above replacement from that stretch date to 2013, when Jedd Gyorko and Everth Cabrera both had solid campaigns. Other than that, San Diego has received basically replacement-level production from both the second base and shortstop positions for the last five years.

The organization is currently batting around some less-than-optimal possibilities as the offseason looms. Gyorko has looked re-born at the plate in recent months, and the team seems pleased with the initial returns on an experimental move to shortstop. But it would be brave to go into a full season on the assumption he’ll hold down that position, especially given the failed effort to use Wil Myers in center field this year. San Diego currently has the league’s worst defense, by measure of UZR/150 innings, and asking Gyorko (never a highly-regarded defender elsewhere in the infield) to step in at short seems a tall order.

That’s all the more true given that the organization isn’t exactly overflowing with talent elsewhere in the infield. Other players in the mix at second and third are Cory Spangenberg, Yangervis Solarte, and Will Middlebrooks. While some combination of that group should passably hold down those positions, it looks like a stretch for it to cover the four-through-six slots in a contending infield.

With this year’s Clint Barmes–Alexi Amarista pairing having fallen flat, and Trea Turner dealt away, an outside shortstop addition may well be necessary if expectations are to contend. San Diego can look to a trade market with several promising possibilities or pursue a group of free agents that includes some interesting-but-aging veterans who could be had on short-term deals.

3. Balance the lineup. Improving on the defensive side is one way that San Diego can add balance and situational flexibility to its roster, but even more pressing may be the need for left-right balance in the lineup. Aside from the switch-hitting Solarte, who has fairly even platoon splits over his two big league seasons, the team has a dearth of left-handed bats amongst its regulars.

There are some lefties in the mix, of course, but all appear to be part-time options at this stage. Spangenberg hits from the left side, as do Amarista and rookie Travis Jankowski — who could conceivably split time with Melvin Upton in center next year. Outfielder Alex Dickerson may get a long look to make the team as a fourth outfielder this spring, and Brett Wallace could be brought back after a surprising run (with a sample-size warning in full effect). There’s Yonder Alonso, but he’s yet to impress consistently and is out again with another injury. He may be displaced at first by Myers. Top youngsters Renfroe and Austin Hedges are righties, so it isn’t as if there is a big, left-handed bat waiting in the wings.

What can be done? As things stand, there isn’t a lot of room to spend: San Diego already has $75MM on the books, and that’s before acting on a $8MM option over Joaquin Benoit and paying arb raises to Myers, Alonso, Tyson Ross, Andrew Cashner, and Derek Norris. While some budget bench signings are possible, the trade route looks more promising if the Padres look to add an everyday left-handed hitter or two.

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MLBTR Originals San Diego Padres Three Needs

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MLBTR Chat Transcript

By Tim Dierkes | September 15, 2015 at 12:20pm CDT

Click here to read today’s impromptu hot stove chat with MLBTR’s Tim Dierkes.  We tested new chat software today; please let us know your thoughts in the comments of this post.

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MLBTR Chats MLBTR Originals

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MLBTR Mailbag: Heyward, Murphy, Red Sox

By Mark Polishuk | September 14, 2015 at 9:08pm CDT

Thanks for all of your questions this week. Remember that you can ask about whatever is on your mind in our Tuesday afternoon chats (~2pm central) or through the Mailbag email address (mlbtrmailbag@gmail.com).  On to this week’s questions…

Will the Cardinals extend Jason Heyward or not, because they did give up Shelby Miller to acquire him, and it doesn’t make much sense to let him walk after one year. — Michael P

The two sides haven’t had any serious talks about an extension yet, though there’s also some mutual interest in Heyward staying beyond 2015.  MLBTR’s Tim Dierkes ranked the outfielder as having the second-most earning potential of any 2015-16 free agent, so it would take easily the largest contract in Cardinals franchise history to bring Heyward back into the fold.  If Heyward did leave, the 2016 St. Louis starting outfield projects as Matt Holliday, Randal Grichuk and Stephen Piscotty, with Jon Jay and Peter Bourjos as backups, which could leave room for another veteran outfielder to be brought in at a lower price than Heyward will command.  Does a year of excellent play from Heyward, a month of Jordan Walden and a compensatory first-round draft pick (due to the qualifying offer) equal four years of control over Miller and prospect Tyrell Jenkins?  That’s a question that might take a few more years to answer, though the Cards would instantly chalk it up as a win if Heyward helps them win a championship.  I’d guess that St. Louis will make a strong play to re-sign Heyward this offseason, though if the bidding gets really high (into the $180MM-$200MM range), that might be too expensive for the Cards’ liking.

Care to handicap the odds that Sandy Alderson extends a QO to Daniel Murphy?  If offered is there any chance that Murph becomes the first player to ever accept?  I’d imagine his agent will make lots of noise that he would “love to stay in NY on a 1 year deal to finish the job” in an attempt to bluff the Mets out of hurting his market value. — Cliff P

The upcoming class of free agent second and third basemen isn’t very deep, so I’d expect Murphy would indeed reject a qualifying offer in search of a healthy multi-year deal elsewhere.  He should be able to find such a deal despite the draft pick compensation attached to his services, though Cliff is probably right in thinking that Murphy’s market will take a hit from the QO.  If Murphy did break precedent and accept, it wouldn’t be the worst outcome for the Mets; a one-year/$16MM deal for an everyday second baseman who can also be something of a poor man’s Ben Zobrist in his ability to fill in at multiple other positions.

Yes or No. The Red Sox will sign one of the following this offseason: David Price, Johnny Cueto, Jordan Zimmermann? — Kyle R

I’m leaning towards no.  Anibal Sanchez is the only notable starting pitcher Dave Dombrowski has ever acquired in free agency, and even then Sanchez was re-signed after originally coming to the Tigers in a midseason deal.  Dombrowski’s past history with starting pitcher contracts (hat tip to the MLBTR Transaction Tracker) indicates that he is more likely to obtain an ace via trade.  Dombrowski could change tactics given his new surroundings and input from whomever is hired as the new Red Sox GM, though my guess is that if the Sox do land a top-tier arm this winter, it will be by dealing from their deep farm system.

What is Bronson Arroyo’s current standing with the Dodgers?  Will he ever be able to pitch in the majors again, this year or next? — Jack S

Arroyo underwent Tommy John surgery in July 2014.  He said in June that he was hoping to return to action by mid-August, there has been no recent word on his status now that August has come and gone.  As such, he’s almost certainly not going to pitch this season.  The Dodgers have a $13MM club option on Arroyo for 2016 that is sure to be bought out for $4.5MM (paid by the Braves, as per a condition of the elaborate trade that brought Arroyo to Los Angeles).  If Arroyo is healthy, I’d expect he will find a a minor league deal from some team this winter. Arroyo hasn’t hinted at retirement in the wake of his injury, though since he’ll turn 39 in February, you have to wonder if he’ll consider hanging up his spikes if his recovery process is taking longer than expected.

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Boston Red Sox Los Angeles Dodgers MLBTR Mailbag MLBTR Originals New York Mets St. Louis Cardinals Bronson Arroyo Daniel Murphy David Price Jason Heyward Johnny Cueto Jordan Zimmermann

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2016 MLB Free Agent Power Rankings

By Tim Dierkes | September 14, 2015 at 10:50am CDT

Welcome to the last in-season addition of our 2016 MLB Free Agent Power Rankings.  We’ve been moving these pieces around since February, and the list continues to change with several players surging.

These rankings represent earning power in terms of total contract size, assuming everyone reaches the open market after this season and goes to the highest bidder.  Here’s MLBTR’s full list of 2015-16 free agents.

1.  David Price.  Even back in February, $200MM (sans deferred money) was getting tossed around in regard to Price.  The 30-year-old was traded to the Blue Jays on July 30th and his risen to the occasion, somehow pitching even better for his new team.  The goal is now clear: exceed the seven-year, $215MM extension Clayton Kershaw signed with the Dodgers in January 2014.  That contract includes an opt-out that could allow Kershaw to begin a new contract with his age 31 campaign.  Since Price is already 30, agent Bo McKinnis may not need to push for such a clause.

2.  Jason Heyward.  Heyward’s strong season has continued since we last checked in on August 6th.  Heyward gets on base, shows a touch of pop, and plays strong defense.  It’s a valuable package.  Since he turned 26 just last month, Heyward’s will be the rare free agent contract that includes mostly prime-age seasons.  An eight-year deal would only take him through his age 33 season.  As Yahoo’s Jeff Passan noted recently, an opt-out clause makes sense here.

3.  Justin Upton.  Upton hit .266/.382/.539 in 152 plate appearances since we last checked in, putting his oblique and thumb injuries behind him.  Upton is one player where an opt-out clause seems especially valuable, because it still seems like he could take his game to another level.  He’s a 28-home run guy who could become a 35-40 type, and would benefit from the chance to re-enter the market after three seasons.  He could get a bigger deal at that point, since he recently turned 28.  That could work out for the team too — sign him to an eight-year deal this winter but only have to pay for age 28-30.

Jul 24, 2015; St. Petersburg, FL, USA; Baltimore Orioles right fielder Chris Davis (19) works out prior to the game against the Tampa Bay Rays at Tropicana Field. Mandatory Credit: Kim Klement-USA TODAY Sports4.  Chris Davis.  Davis can’t be contained, with 14 home runs in 35 games since we last checked in.  He has 42 in all.  Davis is five months younger than Yoenis Cespedes, and I’m starting to think he has slightly more earning power.  It’s an interesting contrast.  Davis seems a better bet for additional 35+ homer seasons, yet his rough 2014 season is hard to completely write off.  Cespedes brings more defensive value, though his strong marks this year are out of the ordinary.  Davis strikes out more, but walks more too.  Both players will be vying for seven-year contracts with mid-$20MM salaries.

5.  Yoenis Cespedes.  Cespedes didn’t even crack my top ten in February, and now he’s ascended all the way up to fifth.  Even when the Tigers traded Cespedes to the Mets on July 31st, he didn’t seem a good bet to finish with 30 home runs.  Then he went and smacked 16 in 40 games for the Mets, and he now has an outside shot at 40 bombs.  Jacoby Ellsbury’s seven-year, $153MM deal from December 2013 is a good benchmark for Cespedes, who should get more.  Cespedes’ contract was modified in September to allow the Mets to have a shot at retaining him.

6.  Zack Greinke.  Greinke ranked eighth on this list in February, when a five-year deal in the low-$100MM range seemed reasonable.  Sitting on an MLB-best 1.61 ERA through 29 starts, it’s time to seriously consider a six-year contract.  That’s a scary proposition, since he’s already 31, but the sixth year maximizes his total even if he backs off on the average annual value.  Greinke should be able to get past the six-year, $155MM contract signed by Jon Lester last winter.

7.  Alex Gordon.  Gordon returned from an eight-week layoff on September 1st, having recovered from a groin injury.  He says he feels 100%, and is now serving as the Royals’ leadoff hitter.  Since he turns 32 in February, a six-year deal seems like the limit.  I wonder if he can push his average annual value up to $25MM, netting $150MM in total.

8.  Johnny Cueto.  In our May power rankings, I gave consideration to putting Cueto ahead of Price, second overall.  A July 26th trade from the Reds to the Royals seemed beneficial to Cueto, who became ineligible for a qualifying offer.  Cueto began his Royals stint with a 1.80 ERA over 30 innings, but since then, the wheels have come off.  He’s allowed 28 earned runs in 26 1/3 innings, including 48 hits of which eight left the park.  His ERA has risen a full run in that time, from 2.46 to 3.47.  Perhaps something is wrong physically; you may recall Cueto went 13 days between starts this summer due to a sore elbow.

This story isn’t complete yet.  Cueto has three regular season starts left, and the Royals are going to the Division Series.  Still, Cueto’s last five starts probably took a seven-year contract off the table, and now I’m wondering whether he’ll match Lester.

9.  Jordan Zimmermann.  Zimmermann has a 2.66 ERA in seven starts since we last checked in, in what’s become another typically strong season from the 29-year-old righty.  He seems on track to become the first Tommy John survivor to reach $100MM, and may actually pass $130MM on a six-year deal.

10.  Mike Leake.  Leake’s hold on this spot has grown more tenuous, as the righty spent a few weeks on the DL with a hamstring injury.  Leake still has a shot at a five-year deal, as he doesn’t turn 28 until November.

Ian Desmond’s season has been all over the map: he was decent in May, very good in August, and lousy otherwise.  There’s no real trend except that it’s his worst season since 2011 despite 17 home runs and counting.  I imagine some kind of four-year deal is in order, but this one is hard to peg.

Ben Zobrist is finishing strong, hitting .323/.398/.516 since joining the Royals in a July 28th trade.  Since he turns 35 in May, a four-year deal will be the limit.  Even that will be risky – it’s not like Victor Martinez’s contract is looking good.

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2016 Free Agent Power Rankings MLBTR Originals Newsstand

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MLBTR Originals

By Zachary Links | September 13, 2015 at 2:13pm CDT

A look back at the original reporting and analysis found on MLBTR the last seven days:

  • On this week’s edition of the MLB Trade Rumors Podcast, Jeff Todd and Steve Adams discussed the Nationals’ disappointing season before looking ahead to the offseason and their 2016 roster.   A new episode of the MLB Trade Rumors Podcast will be released every Thursday and can be accessed on iTunes, SoundCloud, and Stitcher.
  • Recently, MLB Trade Rumors launched a brand new official Instagram account:@TradeRumorsMLB.  Each day, we’re sharing conversation-inspiring images about the hottest topics in baseball.  From there, we invite you to give us a like, weigh in with your thoughts in the comments section, and even share the link with a friend.  So, what are you waiting for?  If you don’t have an Instagram account, this is the perfect excuse to sign up and get one.  Follow us on Instagram today!
  • In the latest edition of the MLBTR Mailbag, Steve fielded questions on the KBO, the Reds’ core, R.A. Dickey, and more.
  • The Phillies aren’t on anybody’s list to contend next season, but there are reasons to feel optimistic about the future of the club, Brad Johnson writes. Brad laid out some of the key things that the Phillies need to do this winter, including finding a resolution to the Ryan Howard situation.
  • If Marco Estrada doesn’t have the qualifying offer hanging over him, he could get a lot of interest as an under-the-radar choice for a team that misses out on the big names in the first or second tier of free agent arms, Mark Polishuk writes.
  • Submarine pitcher Darren O’Day is poised to hit the open market as one of the best late-inning arms available and Jeff checked in on his stock to see what kind of deal he could fetch.
  • The Reds need to maximize the value of Aroldis Chapman, Jeff writes.
  • Steve ran down three major needs that the Brewers will have this offseason.
  • If you missed out on this week’s chat with Steve, you can get caught up by reading the transcript here.
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MLBTR Originals

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Three Needs: Milwaukee Brewers

By Steve Adams | September 10, 2015 at 5:25pm CDT

The Brewers are the next team up in MLBTR’s series of high-level looks at the needs of non-contenders heading into the offseason. (We’ve already covered the Reds, Phillies, D-Backs and Rockies.) A quick reminder that we’ll be looking more in-depth at each club in our yearly Offseason Outlook series, but for now, let’s dive into some of Milwaukee’s needs as the winter approaches…

1. Find a GM committed to/capable of developing pitching. A quick (and admittedly rudimentary) look at the Brewers’ pitching over the past 15 seasons shows that they’ve received just 12 single season performances valued at three or more wins above replacement (per Fangraphs) from a starting pitcher. Of those 12 seasons, four came from Ben Sheets — far and away the best pitcher the team has drafted and developed in recent history — and one came from Yovani Gallardo. The others came from players who were signed as free agents or who were acquired via trade. For those who don’t like FIP-based WAR, even RA9-WAR shows only 11 such seasons with just four coming from Brewer-developed pitchers (two from Sheets, two from Gallardo).

In his time as GM, Doug Melvin acquired the bulk of his effective pitching from outside the organization. Recent seasons have seen Wily Peralta and Jimmy Nelson develop into serviceable options, and Taylor Jungmann has had a nice debut to this point, but the majority of pitchers to rank among the Brewers’ Top 5-10 prospects in the past decade have failed to pan out. That includes names like Mark Rogers, Tyler Thornburg and Jed Bradley. Others, such as Manny Parra and Jeremy Jeffress, have emerged as quality big league relievers at least, while others yet, namely Jake Odorizzi, have gone on to flourish with other organizations via trade.

Milwaukee has developed its share of offensive stars, with Ryan Braun, Prince Fielder, Jonathan Lucroy, Corey Hart (pre-knee troubles), Rickie Weeks and J.J. Hardy all standing out as recent examples of quality hitters the team has produced out of the draft. A list of pitchers that have solidified themselves as Major Leaguers with the Brewers would, clearly, be far less impressive.

2. Trade the remaining veterans with appealing contracts. Lucroy, Adam Lind and, to a lesser extent, Francisco Rodriguez all have appeal to other clubs. Lind has his flaws — questionable defense at first and an inability to hit lefties — but is affordable and has continued to crush right-handed pitching. He’ll earn a reasonable enough $8MM salary in 2016. K-Rod has had a very strong season, and while he’s guaranteed a considerable $9.5MM through the end of 2016, $2MM of that comes in the form of a buyout on an affordable $6MM option for 2017. Another $2MM of it is deferred, interest-free, to 2018. The Brewers can include some cash in the deal to sweeten the return as well.

Lucroy’s the big draw here — a strong defender who has a history of well-above-average offense from behind the plate and is owed just $9.5MM through 2017. His numbers are down in 2015, to be sure, but he’s had some injuries, namely a broken toe and now a possible concussion. The latter of the two is far scarier, particularly given the position he plays, but if Lucroy is cleared and can finish the season symptom-free, he’ll be one of the most desirable trade chips in all of baseball — the type of player for whom the Brewers can ask a substantial return. Top 100 prospects, Major League ready starting pitching, young infield help — any of that should be on the table for Lucroy. Second-half splits are admittedly somewhat arbitrary in nature, but the .280/.339/.464 triple-slash posted by Lucroy since the All-Star break certainly can’t hurt his trade value.

3. Identify permanent corner infield solutions. My initial thought was to highlight the need to sort out the outfield, but the notion of playing Domingo Santana out of position in center field for a year while seeing what they have with him and Khris Davis (and allowing top prospect/recent MLBTR Podcast guest Brett Phillips to further develop) isn’t as concerning as the complete dearth of infield talent on this roster.

Scooter Gennett handles right-handed pitching just fine, but he’s a .120/.144/.148 hitter in his career off fellow lefties. It’s only 114 plate appearances, but the fact that the Brewers have only seen fit to grant him that much time is telling. His double-play partner, Jean Segura, was made out to be a trade chip earlier this season, but it’s hard to believe he has much real trade value. Segura’s a spotty defender at shortstop that hasn’t hit since the first half of 2013. It wouldn’t be a great outcome for him, but the notion of a Segura/Gennett platoon at second base makes some sense. Segura, after all, is a placeholder for Orlando Arcia, whose elite glove at shortstop and promising bat have him ranked among the best minor leaguers in all of baseball.

That leaves the corners as areas of need (assuming a Lind trade). Hunter Morris never developed into the slugging first baseman they’d hoped for, and Matt Dominguez didn’t hit enough at Triple-A to be considered an option, as he’s been claimed off waivers by the Blue Jays.

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MLBTR Originals Milwaukee Brewers Three Needs

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Free Agent Stock Watch: Darren O’Day

By Jeff Todd | September 9, 2015 at 4:38pm CDT

Orioles righty Darren O’Day sports one of the most interesting deliveries in all of baseball. His submarine approach is much more than a novelty, however, and the reliever will hit the open market this winter as one of the best late-inning arms available.

Darren O'Day

Since coming to Baltimore before the 2012 season by way of a waiver claim, O’Day ranks eighth among all MLB relievers with a cumulative 1.97 ERA over 197 2/3 innings. And while he isn’t a particular stand-out in terms of FIP-based wins above replacement (more on that below), the 32-year-old has tallied the fourth-most bullpen-based RA/9 WAR in that span.

This season, in many ways, has been O’Day’s best, cementing his status as a lock-down reliever. He owns a double-digit strikeout rate (11.1 K/9) for the first time ever and has averaged just 2.0 walks per nine innings. He carries a career-low 1.69 (just a shade under last year’s results) and a personal-best 2.38 SIERA.

While the SIERA metric has historically viewed O’Day as a consistent sub-3.00 performer, however, O’Day’s run prevention excellence has not always been fully backed by other ERA estimators. FIP and xFIP have both viewed O’Day as a low-to-mid 3.00 ERA pitcher, though he’s posted his best-ever numbers (2.73 and 3.07, respectively) in each this year.

Whichever analytical tool one prefers, at some point, it’s hard to discount the bottom-line results, particularly from a pitcher who utilizes such a unique style. O’Day has allowed a meager .254 batting average on balls in play throughout his career while carrying a hard-hit ball rate that falls below league average — testament to the difficulty opposing hitters have in squaring him up.

To be sure, O’Day has also benefited from a high 84.5% strand rate over his career, which is roughly ten points higher than league average. O’Day is not a high-groundball pitcher and does not generate a ton of double plays. His strikeout capabilities and low WHIP help explain that number, as does the fact that he’s typically permitted low stolen base totals. But there are other factors that have enabled him to generate results that somewhat exceed his own contributions. In particular, O’Day has been backed by an excellent defensive unit in Baltimore.

Then there’s the matter of platoon splits. O’Day has been less useful against lefties, both this season and throughout his career. Batters with the platoon advantage own a .233/.297/.417 total slash line against him — hardly overwhelming numbers, but certainly more damaging than the scant .192/.262/.282 line put up by opposing right-handed hitters. That is neither unique nor surprising, of course, and it hasn’t prevented the veteran from performing as a regular eighth-inning set-up man.

Age is always a factor with free agents, of course, and O’Day is entering his age-33 campaign. But he has never and will never be a pitcher that relies on velocity, and he still works in the same range (87 mph or so) with his fastball that he always has. O’Day’s four-seam/sinker/slider mix has remained consistent in terms of speed and usage over his time in Baltimore and is just as effective as ever. Other soft-tossing side-armers — the nearly-36-year-old Brad Ziegler is a current example — have been able to maintain their run prevention abilities into their mid and late thirties.

Looking at recent free agent comps, it’s hard to ignore Pat Neshek, who parlayed a dominant 2014 season into two years and $12.5MM (while handing over a variable-value club option for another year). But while he too is a sidearming righty, Neshek looks more like a lower-end target. Neshek was not only one year older but also lacked the extensive track record compiled by O’Day in recent seasons.

Another Astros signee, Luke Gregerson, arguably makes for a more accurate comparison. The righty turned 31 in the first year of his three-year, $18.5MM pact (with incentive escalators), so he was a fair bit younger. But his run of excellence before hitting the market is a closer match for O’Day, who should have a good chance of getting a third guaranteed year at or near the price tag achieved by Gregerson.

Certainly, one can envision O’Day’s representatives at Beverly Hills Sports Council will be looking for at least that to start out, as many relievers have achieved three-year deals in recent years. For example, fellow side-armer Joe Smith inked a three-year, $15.75MM pact with the Angels prior to the 2014 campaign, and O’Day’s numbers — both in his contract year and in the multi-year platform leading up to free agency — trump those of Smith. That deal will also be two years old this winter, and the market for relievers arguably took a step forward last offseason.

Speaking of the market for relievers, O’Day will also be aided by the fact that this coming winter’s market does not include quite the array of top-of-the-line arms that was present last year. His primary competition in terms of right-handed relievers will come from players like Tyler Clippard, Joakim Soria, and possibly Joaquin Benoit (if his option is not exercised). All have arguments in their favor as high-end arms, but none are at the level of David Robertson or Andrew Miller, and factors like injuries, age, uneven results, and/or heavy usage will impact their appeal.

However one ranks O’Day among that group, it’s a nice market to enter for him to enter. And with an outstanding 2015 season nearing a close, he’s well-situated to cash in.

Photo courtesy of USA Today Sports Images.

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Baltimore Orioles Free Agent Stock Watch MLBTR Originals Darren O'Day

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Three Needs: Cincinnati Reds

By Jeff Todd | September 8, 2015 at 12:14pm CDT

As we’ve already done with the Rockies, Diamondbacks, and Phillies, we’re going through those clubs whose primary attention has turned to setting up for future seasons to identify their three most pressing strategic needs. Up today: the Reds.

Cincinnati is mired in last place in a hyper-competitive NL Central, looking up (along with the Brewers) at three teams that seem primed to remain high-quality outfits for years to come. With Johnny Cueto, Mike Leake, and Marlon Byrd already shipped out over the summer, what are the key areas for the Reds to focus on over the coming months?

1. Maximize the value of Aroldis Chapman. Chapman is reasonably young (27), durable, and utterly dominant (16.0 K/9 vs. 4.6 BB/9 with a 1.73 ERA on the year). He’s one of the few relievers in all of baseball that looks like a relatively sure thing to provide serious impact to a contender. And the Reds, despite some signs of promise around the diamond, seem a poor bet to leapfrog the Cardinals, Pirates, and Cubs (or a host of theoretical non-divisional Wild Card competitors) to make a serious run at the postseason next year.

It’s hard to trade an exciting and popular player whose job is to ensure that your club wins the games it should by locking down the ninth in spectacular fashion. But those are the kinds of decisions that teams — especially those with limited payroll flexibility, like Cincinnati — need to make to set themselves up for future success. The Braves did it last year with Craig Kimbrel, and the case for a trade is even stronger here given that Chapman will hit free agency after 2016.

It’s arguable that the Reds should have taken the best offer at this year’s deadline, when contenders were lining up for the Cuban Missile, but that opportunity has passed. GM Walt Jocketty and his staff now need to determine whether to shop Chapman this winter or instead to roll the dice on waiting for next year’s trade deadline.

2. Free up payroll space. When the Braves moved Kimbrel, they did so in large part to rid themselves of the tens of millions owed to Melvin Upton. The team also managed to add a useful pitching prospect and hit the lottery on salary-balancing throw-in Cameron Maybin, but the deal was primarily motivated by payroll considerations. Cincinnati has its share of long-term commitments, too, and while some look better than others, the club would do well to begin clearing the books for the future — possibly by utilizing some creative packaging arrangements.

Looking forward, the Reds’ priciest asset is star first baseman Joey Votto, the franchise face who has turned back into himself in 2015. He’s not at all likely to be moved, though perhaps Cincinnati should be open to it if blown away by an offer. But big dollars are also promised to second baseman Brandon Phillips ($27MM over two years) and righty Homer Bailey ($86MM over four years, plus a mutual option buyout). And then there’s outfielder Jay Bruce, who will earn $12.5MM next year and comes with a $13MM club option for 2017, and third baseman Todd Frazier, who is promised $7.5MM for 2016 and will presumably line up for another nice arbitration increase in his final season of eligibility. Add in commitments to younger players like Devin Mesoraco and Raisel Iglesias, and the organization has a rather large portion of its future spending capacity already committed to a relatively small number of players.

As MLBTR’s Steve Adams explained yesterday, parting with Phillips may be the place to start. He has played well this year and could be replaced by Eugenio Suarez, who would pair up the middle with a recovering Zach Cozart. It’s largely inconceivable that the team will be able to do anything with Bailey until he’s had a chance to return to health, but that could be a goal as time goes on. The more difficult questions arise with regards to Bruce and Frazier, both of whom are affordable enough but who may not be controlled long enough to play for another Cinci contender. While extensions are theoretically possible, both are close enough to free agency that the price would be steep, and the Reds would run the risk of buying up post-prime years. Freeing cash to acquire and/or extend other, younger players — while adding significant prospects in return — may be the wiser course. Though it would sting in the short run, the Reds would gain added flexibility to meet needs and act on opportunities when they arise.

3. Bolster the bullpen. This may seem like an odd idea at first glance, given that I just finished suggesting the club consider dealing away several productive regulars as well as a lights-out closer. But there’s a possible strategy here that may ease the pain of rebuilding while adding some reasonably-priced upside to the team’s assets.

We’ve seen several clubs promise rotation spots to bounce-back rotation candidates on short-term deals, filling innings in the meantime and in some cases providing an opportunity to cash in at the trade deadline. (See, e.g., the Cubs’ deals with Scott Feldman and Jason Hammel.) Jocketty has acquired a range of quality pitching prospects who are ready to be tried in the rotation, reducing the need and the capacity for that particular strategy. But something analogous could be done with the relief corps, which has been rather uninspiring — at least, before the 9th inning. Indeed, that’s more or less what the Braves did last winter in adding Jason Grilli and Jim Johnson, and the Reds could follow suit.

Particularly if Cincinnati parts with Chapman this winter, it will have several attractive late-inning opportunities open in its pen. As high-priced late-inning relievers shake loose over non-tender season, the market will be flooded with arms — Steve Cishek and Addison Reed are two potential names that come to mind — all of whom won’t have a chance to work high-leverage innings for contenders. Signing a few such options should be quite reasonable, especially if the organization can move some contracts in the meantime, and those players would help secure winnable games, ease the burden on the team’s young starting staff, and offer the potential to morph into valuable deadline chips at the time when relievers achieve the greatest trade value.

A related approach could even be applied as the team considers prospect targets and develops its own pitchers. Cincinnati has a history of taking chances on quality arms that many believed would ultimately be ticketed for the pen (Chapman, Tony Cingrani, Nick Howard), and could seek to achieve value by doing so further via trade. Indeed, one could argue that the team did just that with the pitchers it added in its recent deals, all of whom could profile as future relievers. Those that aren’t excelling as starters could be moved quickly into the big league pen, setting the organization up for a cheap and high-quality future outfit and/or being spun off via trade.

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Free Agent Stock Watch: Marco Estrada

By Mark Polishuk | September 6, 2015 at 9:40pm CDT

It took only a month for the Blue Jays to elevate Marco Estrada from rotation depth to full-time starter.  After Daniel Norris’ early struggles got him demoted in early May, Estrada stepped into the open rotation spot and has quietly delivered some quality numbers.  Estrada has a 3.18 ERA, 6.78 K/9, 2.93 K/BB rate over 147 1/3 innings, highlighted by no-hit bids in consecutive June starts.  This solid season couldn’t have come at a better time for Estrada as he prepares to hit the open market this winter.

It was a little under 14 months ago that Estrada was losing a starting job, as the Brewers demoted him to the bullpen after he posted a 4.96 ERA and a whopping 27 home runs over his first 107 innings of the 2014 season.  MLBTR’s Tim Dierkes saw Estrada as a borderline non-tender candidate last winter, but the Jays agreed to a one-year, $3.9MM deal after acquiring him from Milwaukee in exchange for Adam Lind.  Despite moving to a hitter-friendly AL ballpark in the wake of a season that saw him devastated by the long ball, Estrada has posted a career-low 8.1% homer rate in 2015, well below his 12.1% mark he posted from 2008-14.

Marco EstradaAdvanced metrics, however, don’t paint nearly as flattering a picture of Estrada’s performance this season.  The low strikeout rate, only a 32.2% grounder rate, a .225 BABIP and 77% strand rate all add up to an unimpressive trio of ERA indicators — 4.28 FIP, 4.89 xFIP, 4.58 SIERA.  Estrada’s K/9 has steadily dropped in each of the last four seasons and his current 6.78 mark would be the lowest of his career.

Estrada’s success might go beyond just some batted-ball luck.  For starters, he is widely regarded as possessing one of the game’s best changeups.  Estrada throws his signature pitch 28.5% of the time and at an average speed (78.7 mph) over 10 mph slower than his 89.3 mph fastball, an unusually large velocity drop that creates all sorts of difficulty for batters.  Since the start of the 2011 season, Estrada has the lowest line drive rate (18.1%) of any pitcher in baseball with at least 600 innings pitched, so his low BABIP number both this season and over his career (.276 prior to 2015) can partially be explained by the fact that hitters simply have trouble making solid contact with Estrada’s arsenal.

It’s worth noting that, going into 2014, Estrada was considered by some to be a possible breakout star following two strong seasons for Milwaukee.  Estrada’s agents at TWC Sports will likely point to 2014 as the outlier of the righty’s four most recent seasons due to the spike in home runs.  If Estrada can hold his own (2014 excepted) in the likes of Miller Park and Rogers Centre, it could be argued that he could be even more effective in a less-notorious hitters’ park given how he limits hard contact.

This winter’s free agent class is heavy with top- and front-of-the-rotation arms, and Estrada’s market will further diminish due to the fact that he turns 33 in July 2016.  A three-year contract is probably stretching it for a pitcher that old, though it could be argued that Estrada has the type of pitching style that will age well.

I can see Estrada landing a two-year deal in the $20MM range, perhaps with an option added.  It’s hard to find comparable contracts given Estrada’s somewhat unique career history, though he could be seen as something of a blend of Carlos Villanueva (a swingman) and Scott Feldman (a non-strikeout pitcher coming to free agency fairly late), with Estrada falling between Villanueva and Feldman in terms of being an established starter.  Villanueva signed a two-year, $10MM free agent deal with the Cubs after the 2012 season and Feldman inked a three-year, $30MM deal with the Astros after 2013, so a two-year/$20MM projection for Estrada splits that difference exactly.

It’s possible Toronto could look to bring him back since David Price may leave in free agency and Mark Buehrle may retire, though the team hopes to have a healthy Marcus Stroman and a more seasoned Aaron Sanchez in the 2016 rotation.  It’s probably unlikely the Jays make Estrada a qualifying offer since they wouldn’t be keen on paying him roughly $15.7-$16MM on a one-year deal if he accepts.  While Estrada is probably looking for multi-year security for his first dip into free agency, it’s not out of the question that he would be the first player to accept a qualifying offer if the Blue Jays did offer one.  If Estrada and his agents felt having draft pick compensation attached would severely harm his market (a likely scenario), he could take the QO, still score a nice one-year payday and stay in a familiar situation with a strong lineup and defense.

Presuming he doesn’t have the qualifying offer hanging over him, Estrada could get a lot of interest as an under-the-radar choice for a team that misses out on the big names in the first or second tier of free agent arms.  His price tag should be reasonable enough that small or mid-market teams could get into the mix, as well as larger-market teams looking for help at the back of their rotations.

Photo courtesy of Gregory Fisher/USA Today Sports Images

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Free Agent Stock Watch MLBTR Originals Toronto Blue Jays Marco Estrada

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