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Which Of The Boras Four Will Be The First To Sign?

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Spring Training games got underway yesterday. The regular season opens in less than a month. Offseason activity is far from over, though, largely on account of the so-called “Boras Four.” Blake Snell, Cody Bellinger, Jordan Montgomery and Matt Chapman remain unsigned.

Over the past couple weeks, a handful of teams have indirectly suggested they weren’t going to be suitors for the top free agents. High-level executives with the Giants, Rangers, Nationals, Mariners and Twins have downplayed the chance of a free agent strike of note. Angels owner Arte Moreno has suggested payroll is coming down, while Blue Jays GM Ross Atkins indicated they could have to move money if they’re to make another significant acquisition. Others, like the Red Sox and Cubs, appear to be in a holding pattern as they try to wait out the market.

Perhaps there’s some element of public posturing from a few of those teams. If any of these players are close to an agreement, though, there hasn’t been much indication of that. Unsubstantiated reports suggested the Yankees were closing in on a deal with Snell earlier this week, but both SNY’s Andy Martino and Bryan Hoch of MLB.com confirmed there hasn’t been any recent movement on that front.

If the number of plausible suitors for any of this group has dwindled, perhaps a Spring Training injury can change the calculus. The Orioles revealed early in camp that #2 starter Kyle Bradish has a UCL injury that’ll send him to the injured list. Mets staff ace Kodai Senga was diagnosed with a posterior capsule strain in his throwing shoulder yesterday; he’ll also start the year on the shelf. President of baseball operations David Stearns shot down the idea that’d increase the urgency for the Mets to go outside the organization for rotation help.

Again, it’s possible that’s designed not to publicly concede leverage in talks with the Boras Corporation if the Mets did circle back on Snell or Montgomery. To this point, there’s no indication any of these players have meaningfully moved off asking prices from the early part of the offseason. Will that change, or will one of these teams push beyond their comfort zone and reward any of these players’ patience?

Whose market with thaw most quickly? Which of the Boras four is going to be the first to agree to terms? Will any of this group linger in free agency beyond Opening Day?

Who Will Be The First To Sign?
Blake Snell. 30.24% (4,441 votes)
Jordan Montgomery. 30.19% (4,434 votes)
Matt Chapman. 21.25% (3,121 votes)
Cody Bellinger. 18.32% (2,691 votes)
Total Votes: 14,687

 

How Many Of The Boras Four Will Sign After Opening Day?
2 42.57% (3,960 votes)
1 24.04% (2,236 votes)
3 17.23% (1,603 votes)
4 16.16% (1,503 votes)
Total Votes: 9,302

 

Should Blake Snell Consider A Short-Term Deal?

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This offseason has proven to be incredibly slow, with many notable free agents still lingering on the open market in the middle of February. That includes J.D. Martinez, Michael Lorenzen, Gio Urshela, Tim Anderson, Amed Rosario, Whit Merrifield, Brandon Belt, Tommy Pham, Adam Duvall, Hyun Jin Ryu, Brandon Woodruff, Liam Hendriks and many more. But most notably, it includes four top free agents that were generally expected to land nine-figure deals coming into offseason: Cody Bellinger, Matt Chapman, Jordan Montgomery and Blake Snell.

As the calendar continues moving forward and they remain unsigned, the possibility of creative solutions has to be considered. If some club was willing to give these players a straight deal that matched their asking price, it would likely have happened by now. If they can’t find what they are looking for, they might have to open their minds to alternatives. Things can always change, especially with an unexpected injury. The O’s are suddenly without Kyle Bradish as he’s been diagnosed with a sprained UCL and his status is up in the air. That’s not to say that the O’s will suddenly pivot and sign Snell, merely to illustrate that plans can change quickly for any club.

Players in this situation will sometimes opt for a short-term deal with a high average annual value and opt-outs. For instance, when Carlos Correa first signed with the Twins prior to the 2022 campaign, it was a guarantee of $105.3MM over three years. That was a $35.1MM AAV, with Correa having opt-out opportunities after each year. That allowed him to make a huge salary that year and gave him a decent floor in the event of catastrophic injury or a huge dip in performance, while maintaining future earning power.

Correa eventually triggered that first opt-out and returned to the open market, agreeing to a 13-year, $350MM deal with the Giants. That deal eventually fell apart due to the club having concerns about his long-term health, but it still illustrates the appeal of taking this path. Even after that deal evaporated, Correa still managed to get a $200MM guarantee by signing with the Twins. Carlos Rodón settled for a two-year, $44MM with the Giants going into 2022, eventually opting out and signing with the Yankees for $162MM. Lucas Giolito is hoping to follow his lead, signing a two-year, $38.5MM deal with the Red Sox this winter which allows him to opt out next offseason.

The argument against Snell taking such a path is straightforward. He simply won’t have a better platform year. He just won a Cy Young award, the second of his career. He stayed healthy enough to make 32 starts and log 180 innings, allowing just 2.25 earned runs per nine. His 13.3% walk rate was quite high, but he struck out 31.5% of batters faced and induced grounders at a 44.4% clip. The walks could come down a touch, but he likely won’t sustain a .256 batting average on balls in play nor an 86.7% strand rate. Producing a Cy Young-caliber season in back-to-back years is incredibly hard for even the greatest pitchers in history.

That’s especially true for Snell, who hasn’t been the most consistent pitcher in his career. He also won a Cy Young while with the Rays in 2018, but the years in between his two award-winning campaigns were far less impressive. From 2019 to 2022, he posted a 3.85 ERA over 85 starts. None of those seasons saw him pitch even 130 innings, thanks to the pandemic and various injuries. He went on the injured list in that stretch due to a fractured right toe, loose bodies in his left elbow, gastroenteritis and a couple of left adductor groin strains.

Taking a short-term deal would carry the risk of the baseball gods souring on him and his ERA jumping up over 4.00 this year, or perhaps sustaining another injury and turning in a more limited workload. He’s also 31 years old and would be marketing himself as a 32-year-old a year from now. Based on his excellent 2023 season, MLBTR predicted him for a seven-year, $200MM deal coming into the winter. The Yankees reportedly offered him $150MM over six, but he was hoping for more years and/or an AAV of at least $30MM.

The odds of Snell faring better in next winter’s market are low. Even if he manages to stay healthy and have another great season, he will be joining a market that’s also set to feature the likes of Corbin Burnes, Shane Bieber, Zack Wheeler, Walker Buehler, Max Fried, and Max Scherzer, while options/opt-outs could also add Giolito, Justin Verlander, Nathan Eovaldi and Robbie Ray to the market.

The argument for returning to free agency next winter would be that the external conditions that Snell can’t control would vastly improve. It seems fair to conclude that those factors aren’t working in the players’ favor this winter. The collapse of Diamond Sports Group is pushing down the desire of many clubs to spend, particularly into the long term where the uncertainty is greater. Teams such as the Padres, Rangers and Twins have been decidedly less aggressive this winter compared to previous offseasons. This seems to have allowed other clubs to either be patient or address their needs via trade, like the Yankees did.

Beyond that, the Mets have decided to stay away from the top of the market this offseason. They have been plenty active but have spread their money around to various player on short-term deals. They have avoided the marquee free agents, apart from sniffing around the Yoshinobu Yamamoto bidding for a while, depriving the market of one of the bigger spenders from previous offseasons.

Perhaps things will change significantly in the next nine months or so. Maybe MLB will get its desired streaming package together and the finances of the league will vastly improve as a result. Maybe the Mets have a pretty good year and Steve Cohen gets back into spending mode. Maybe the Red Sox get encouraging development from their young players in 2024 and decide to go “full throttle” for real in the coming offseason. A similar path could be ahead of the Tigers this year. Perhaps the sale of the Orioles will be approved and the new owner will want to make a big splash, shaking up the market. Maybe the Nationals or Rockies decide their rebuild has gone on long enough and it’s time to send a signal to that effect. That, however, is a whole lot of “ifs” and “maybes.”

It’s possible it could work out for Snell if he were to pivot to maximizing short-term earnings. That’s what Trevor Bauer did when he signed a three-year, $102MM deal with the Dodgers, an average annual value of $34MM. He had the ability to opt out after the first year with $40MM already banked or after the second year with $85MM already earned.

Instead of focusing on a total guarantee, Snell could push for a record in terms of average annual value. The top mark in that category is currently held by Shohei Ohtani, whose heavily-deferred $700MM deal was valued at $46.06MM annually in terms of present day value by MLB and just under $43.8MM by the MLBPA. If he were to get something like $93MM over two years or $139MM over three, he would vault himself to the top of that list.

Snell is 31 years old and could still get paid in his mid-30s if he stays healthy and effective. Jacob deGrom got $185MM over five years going into his age-35 campaign. Scherzer got $130MM over three years going into his age-37 season. Verlander got $86.67MM going into his age-40 season. At a lesser tier, Sonny Gray just got three years and $75MM going into his age-34 season, slightly better than the $63MM over three years that Chris Bassitt got going into his own age-34 campaign.

If the straight $200MM deal isn’t there for Snell, he’ll have to consider other paths. If he were to take something like the Correa or the Bauer deal, he could get roughly halfway to that $200MM target but with plenty of opportunity to go back to the open market and get the rest. He’s currently encumbered by having rejected a qualifying offer, but that wouldn’t be an issue in future since a player can’t receive a second QO in their career. The QO is generally a small detail when clubs are making $200MM investments, but that would be one thing working in Snell’s favor in future offseasons.

Still, the short-term path is fraught with risk. Baseball history is full of dominant pitchers who suffered some kind of career-altering injury and were never the same again. Predicting such things is impossible, and it’s something that every hurler has to at least think about. There’s also the possibility that the market conditions get worse and not better going forward. That’s why having the guarantee in hand is such a preferable path. As the proverb says, the bird in the hand is worth two in the bush.

What do you think? Should Snell take the best guarantee he can get here in the next few weeks or maximize short-term earnings with a path back to free agency in the not-too-distant future? Have your say in the poll below!

Which path should Blake Snell take?
Short-term, high AAV, opt-outs, etc. 53.92% (4,428 votes)
Maximum total guarantee right now 46.08% (3,784 votes)
Total Votes: 8,212

Where Will Jorge Soler Sign?

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Jorge Soler probably didn’t anticipate he’d still be unsigned in February when he declined a $13MM player option with the Marlins. The right-handed slugger is one of the better offensive players to hit the market in a weak free agent class. It’s likely his camp started out looking for a three or even four-year deal.

Whatever Soler’s asking price, it obviously hasn’t materialized to this point. Some of that is a reflection of a generally slow-moving hitting market, but he remains unsigned even as a few comparable players have now come off the board. The recent signings of Joc Pederson and Justin Turner, in particular, could have an adverse effect.

Pederson signed for $12.5MM with the Diamondbacks, while Turner inked a $13MM guarantee with the Blue Jays. Both players now seem set to work as those clubs’ respective primary designated hitters. Arizona and Toronto had each been linked to Soler earlier in the offseason, with the Jays and his camp reportedly maintaining contact as recently as last week. While the Jays could perhaps still make a Soler deal work by giving Turner regular run at third base, that’s a lot tougher than it seemed a few days ago.

There aren’t many other clear fits. Along with Toronto and Arizona, the Mariners, Red Sox and Marlins have been connected to Soler this offseason. Seattle instead reacquired Mitch Haniger and signed Mitch Garver to add right-handed power. Soler admitted a few weeks ago that Miami had shown essentially no interest in a reunion. While Barry Jackson of the Miami Herald subsequently wrote that the sides have had some contact, he suggested the Fish would only seriously consider Soler if his market cratered.

Boston theoretically remains in play. Chief baseball officer Craig Breslow said a couple weeks ago the team was still open to adding a right-handed hitter to the outfield mix. Soler could split time with Masataka Yoshida between left field and DH. As with Miami, this could require his asking price falling, however. Boston was reportedly reluctant to go beyond two years and something in the $28MM range for Teoscar Hernández. If they value Soler similarly, that’d be a disappointing outcome for the 2023 All-Star.

There are a few other teams that make some sense for a righty-hitting DH, even if they haven’t been prominently tied to Soler. The Mets don’t have a set option at designated hitter. Will Sammon of the Athletic wrote yesterday that the position isn’t a priority for New York, which seems likely to rely on younger hitters like Brett Baty and Mark Vientos. The Nationals have a clear opening but are still amidst a rebuild.

The Giants have prioritized becoming more athletic this offseason; signing a defensively-limited slugger like Soler would cut against that. The Angels have ample payroll space and could consider a primary DH after losing Shohei Ohtani. That doesn’t seem like a priority. The Athletic’s Ken Rosenthal recently wrote that the Halos were reluctant to tie up the position, instead preferring to leave open the possibility of rotating Mike Trout and Anthony Rendon as needed in a bid to keep them healthier.

The Cubs have Christopher Morel as a DH possibility. The Padres have a vacancy but are facing payroll constraints and have needs in the outfield and rotation. The Twins could use a right-handed hitter and potentially cleared an opening at DH with the Jorge Polanco trade (thereby freeing second base for Edouard Julien). Do they have enough financial breathing room to make a run?

Will the lack of clear fits deal a significant hit to Soler’s market? At the start of the offseason, MLBTR predicted him for a three-year, $45MM contract. On New Year’s Eve, 62% of respondents predicted Soler would secure a larger guarantee than would J.D. Martinez, who stands as perhaps his top remaining competitor for a DH job. How much should Soler expect to receive and which uniform will he be wearing on Opening Day?

Where Will Soler Sign?
Blue Jays 15.31% (851 votes)
Red Sox 15.26% (848 votes)
Mets 10.89% (605 votes)
Angels 8.96% (498 votes)
Twins 8.17% (454 votes)
Other (specify in comments) 7.59% (422 votes)
Giants 7.52% (418 votes)
Cubs 6.91% (384 votes)
Marlins 6.86% (381 votes)
Padres 5.85% (325 votes)
Brewers 3.62% (201 votes)
Nationals 3.06% (170 votes)
Total Votes: 5,557

 

For How Much Will Soler Sign?
$15MM or less. 49.73% (1,810 votes)
$16-25MM. 26.57% (967 votes)
$26-35MM. 14.04% (511 votes)
$36-45MM. 5.77% (210 votes)
More than $55MM. 2.14% (78 votes)
$46-55MM. 1.76% (64 votes)
Total Votes: 3,640

 

Poll: Should The Red Sox Trade Kenley Jansen?

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The payroll has become a topic of conversation for the Red Sox. Despite chairman Tom Werner’s “full throttle” comments earlier in the offseason, CEO Sam Kennedy recently admitted that this year’s payroll will probably be lower than last year’s. It was reported last month by Chris Cotillo of MassLive that the club could look to shed some more payroll in order to improve their ability to pursue their free agent targets.

Per Roster Resource, the club’s payroll currently sits at $178MM. It hasn’t been that low in a full season since 2014, per Cot’s Baseball Contracts, but it seems the pursestrings are getting tight nonetheless. The club has been connected to some big name free agents that are still available, such as Blake Snell and Jordan Montgomery, but perhaps they need to free up a bit of cash before they can earnestly pursue any of those. More affordable options would include Mike Clevinger, Michael Lorenzen, Hyun Jin Ryu and others.

Cotillo’s report identifies Kenley Jansen as a possible candidate for such a salary-clearing deal, which is a logical fit. He signed a two-year, $32MM deal with the Sox last offseason, with even salaries of $16MM in each campaign. His first season in Boston was solid, though not spectacular. He recorded 29 saves in 33 chances, posting an earned run average of 3.63 on the year. His 27.7% strikeout rate was above league average but the lowest single-season mark in his career. The club has reportedly received trade interest in him.

With the Chris Sale deal, the club flipped the soon-to-be-35-year-old for a younger second baseman in Vaughn Grissom while effectively replacing Sale by signing Lucas Giolito. Perhaps the club is thinking of a similar path with the bullpen, as they have been connected to relievers like Jordan Hicks and Robert Stephenson, though those two have now signed with other clubs. With Jansen now 36 years old, they could perhaps exchange him for whatever the market will bear, then pivot to a younger arm to bolster the relief corps.

They could also consider replacing him internally with someone like Chris Martin, though there would also be some logic to consider trading him as well. He was signed to a two-year, $17.5MM deal last offseason, with $9MM of that still to be paid out. Per the Associated Press, he’ll make a $7.5MM salary this year and a $1.5MM payment of his $4MM signing bonus is scheduled for June.

Martin, 38 in June, is coming off a dominant season in a setup role. He posted an ERA of 1.05 in 55 appearances, racking up 23 holds in the process. He struck out 23.1% of opponents, walked just 4% of them and got grounders at a 51% clip. Martin’s never really been a closer in the majors, with just 12 career saves, though he did have a 21-save season while pitching in Japan in 2016.

Similar to the logic with Sale and Jansen, perhaps the club would consider making Martin available on the trade market and then replacing him with a younger free agent. Or perhaps they would like to trade one, keep one in the closer’s role and use the saved money to further address their rotation.

The relief pitching market has recently started to move, with many dominoes falling of late. In addition to Hicks and Stephenson, Josh Hader, Aroldis Chapman and Matt Moore have come off the board in the past little bit. That leaves David Robertson, Ryan Brasier, Phil Maton, Héctor Neris, Adam Ottavino, Wandy Peralta and Brad Hand as some of the best bullpen options still available. With the market getting thinner, perhaps the Sox can flip Jansen and/or Martin, then use the money saved to address their rotation.

Chief baseball officer Craig Breslow recently identified the club’s rotation locks as Giolito, Brayan Bello, Kutter Crawford and Nick Pivetta, with Garrett Whitlock, Tanner Houck, Josh Winckowski, Cooper Criswell and Max Castillo among the options for the back end and depth jobs.

What do you think? Should the Sox subtract from the bullpen in order to upgrade the club in other ways? If so, who should they move? Have your say in the poll below!

Should the Red Sox trade Jansen or Martin?
Yes, trade Jansen 46.61% (3,770 votes)
Yes, trade both 30.19% (2,442 votes)
No, keep both 19.67% (1,591 votes)
Yes, trade Martin 3.52% (285 votes)
Total Votes: 8,088

MLBTR Poll: Jordan Montgomery’s Market

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It’s no secret that free agency has been unusually slow this winter. As we head into the final week of January, 19 of MLBTR’s Top 50 MLB free agents remain unsigned, and that’s after a three-week period that saw nine players on the list (mostly from the middle tier of the rotation market and the upper level of the relief market) agree to deals.

While much of the mid-level market has begun to thin out at this point, the upper echelons of free agency remain surprisingly deep with the beginning of Spring Training less than a month away. That’s particularly true of the starting pitching side of things, where two of the offseason’s top four rotation arms remain unsigned. That includes left-hander Jordan Montgomery, who is coming off a dominant season split between the Cardinals and Rangers during which he helped Texas bring home the first World Series championship in franchise history.

After struggling with injuries early in his career, Montgomery has settled in as a reliable #2 starter in recent years, with a 3.48 ERA and 3.62 FIP in 94 starts over the past three seasons. While the left-hander’s peripheral numbers have stayed largely consistent over that time as his strikeout rate hovered around 22% against a walk rate that stayed in the realm of 6%, Montgomery’s results have improved in each of the past three seasons: his ERA dipped from 3.83, to 3.48, to 3.20 while his FIP dropped from 3.69, to 3.61, to this past season’s 3.56 figure. The southpaw further established himself as a playoff-caliber arm by helping to carry the Rangers’ rotation down the stretch while ace Max Scherzer battled injuries, posting a 2.79 ERA in 11 starts with the club over the season’s final two months before posting a strong 2.90 ERA during the playoffs.

As a clearly capable arm who can be slotted toward the front of a playoff caliber club’s rotation. Montgomery figured to be among the more coveted pitchers on the market this winter. That’s mostly proven to be true. While the southpaw has yet to sign, he’s garnered plenty of interest from teams throughout the winter with more than half a dozen clubs having been connected to his market over the past two months. Some of those clubs, such as the Mets, Cubs, and Cardinals, went in other directions as the winter progressed and no longer appear to be a fit for Montgomery’s services. Several others remain as plausible landing spots for the 31-year-old hurler, however.

Perhaps chief among those options is a reunion with the Rangers. The latest buzz on the rumor mill regarding Montgomery is that he prefers to return to Texas this winter, with MLB.com’s Mark Feinsand recently describing a reunion as the “most likely” conclusion to the southpaw’s free agency once all is said and done. Other potential suitors include the Giants and Angels, both of whom have been reported as interested in both Montgomery and Blake Snell in recent weeks. The Red Sox have also been connected to Montgomery in recent weeks, though the club’s payroll limitations likely mean they’d need to move salary to make room for an arm of Montgomery’s caliber.

While the Yankees also remain at least a nominal fit for Montgomery’s services, the club’s recent signing of Marcus Stroman could lessen their need for an impact rotation piece and they appeared more focused on Snell of the two remaining top starters even before signing Stroman. The Phillies have also been loosely connected to Montgomery this winter, though the club appears more likely to work around the edges of its roster at this point in the offseason rather than make a splash at the top of free agency.

Just as interesting as the question of where Montgomery will land is the question of what sort of contract he’ll command. MLBTR predicted Montgomery for a six-year, $150MM contract at the beginning of the offseason, identical to our prediction for right-hander Aaron Nola. Since then, however, Nola has gone on to return to the Phillies on a seven-year, $172MM deal. Reports have indicated that Montgomery is targeting a deal that would surpass Nola’s deal in terms of guaranteed money. It’s unclear, however, if teams value Montgomery more highly than Nola; while the lefty has been more consistent in recent years, he’s also six months older than Nola and can’t compare to the righty in terms of durability. Since Montgomery began his career in 2017, he’s made 141 trips to the mound, or two full seasons less than Nola’s 202 during that same timeframe.

So, how do MLBTR readers expect Montgomery’s market to play out? Where will the lefty land? Will he top Nola’s guarantee? Have your say in the polls below:

Where Will Jordan Montgomery Sign?
Rangers 46.21% (7,444 votes)
Red Sox 9.17% (1,478 votes)
Cardinals 9.01% (1,451 votes)
Yankees 7.57% (1,219 votes)
Giants 7.10% (1,143 votes)
Cubs 5.89% (949 votes)
Angels 5.21% (840 votes)
Other (Specify In Comments) 3.79% (611 votes)
Mets 3.20% (516 votes)
Phillies 2.84% (458 votes)
Total Votes: 16,109
How Much Guaranteed Money Will Jordan Montgomery Land?
Between $150MM and $172MM 47.28% (4,411 votes)
Less Than $150MM 44.31% (4,134 votes)
More Than $172MM 8.40% (784 votes)
Total Votes: 9,329

MLBTR Poll: Josh Hader’s Market

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There’s no doubt Josh Hader is going to land the largest contract of any reliever this offseason. The more interesting question is whether he’ll establish a new high-water mark for bullpen arms.

Edwin Díaz became the first reliever to cross the nine-figure threshold. The right-hander re-signed with the Mets on a five-year, $102MM pact shortly before free agency opened during the 2022-23 offseason. (Deferrals reduced the contract’s valuation for luxury tax purposes to a little above $93MM.) That set a clear target for Hader’s camp.

Andy Martino of SNY wrote last week that teams engaged with Hader believe he’s shooting for that record. It makes for an interesting comparison between the two pitchers. Díaz was a year younger than Hader is now. The former was going into his age-29 season, while the latter turns 30 not long after Opening Day.

Hader has been a little better from a run prevention perspective. In 388 2/3 career innings, he owns a 2.50 ERA. Díaz had a 2.93 mark over 399 1/3 frames entering free agency (which is still the case because he missed the 2023 season after injuring his knee celebrating a triumph in the World Baseball Classic). While Hader showed a willingness to work multiple innings early in his career, he made clear that he preferred to occupy a single-inning role in recent seasons. Their overall body of work is about the same, while their platform-year ERAs are quite similar.

Díaz allowed a 1.31 ERA over 62 innings in 2022; Hader surrendered 1.28 earned runs per nine through 56 1/3 frames a year ago. There’s very little difference between those two numbers, although Hader probably has the more impressive figure when placed in league context. The league average ERA for relievers jumped from 3.86 to 4.17, likely reflecting both a somewhat livelier ball and rule changes implemented over the 2022-23 offseason (i.e. shift limitations) designed to tilt the game more toward offense.

Of course, there’s far more to a pitcher’s performance than keeping runs off the board. That’s particularly true for relievers, whose numbers can be skewed greatly by one poor outing (or simply a subpar defense). Díaz is probably more dominant on a pitch-for-pitch basis. While Hader has the slight edge in career strikeout rate, his approximate 37% mark in each of the past two seasons are his lowest since his rookie year. That’s still an elite number, to be clear, but it’s well shy of the laughable 50.2% of hitters whom Díaz fanned in 2022.

Opponents swung through nearly a quarter of all pitches that Díaz threw in his platform year. Hader’s 15.6% swinging strike percentage from last season was “merely” excellent, the 18th-highest rate in MLB among pitchers with 50+ innings. Díaz’s mark not only led the majors in 2022, it was three percentage points clear of second-place Andrés Muñoz. Díaz also throws a bit harder. He averaged north of 99 MPH on his fastball and nearly 91 MPH on his slider. Hader’s 96 MPH fastball and 86 MPH slider are more conventional velocity figures, although they’ve each proven almost unhittable.

The Padres made Hader a qualifying offer. New York re-signed Díaz before the deadline to make the QO but surely would have done so if they hadn’t agreed to a long-term deal. The Mets knew that re-signing Díaz was waiving their ability to collect the draft compensation they’d have received if he departed, which was presumably factored into the contract price.

Unlike the Mets, San Diego seems content to take the compensatory pick. The Padres have cut payroll and suggested they’re not going to spend at the top of the market. There haven’t been many suitors to emerge publicly. The Orioles were linked to Hader early in the offseason. They signed Craig Kimbrel to a $13MM deal and now profile as a long shot for a top-of-the-market relief splash. Teams like the Yankees, Dodgers and Rangers have been mentioned as speculative fits but without firm ties. Joel Sherman of the New York Post suggested this morning the Mets weren’t likely to be in on Hader.

Hader is one of the three to five best relievers in the sport. His camp has surely received calls that have gone unreported. Yet it’s a little surprising there haven’t been more public revelations on his market.

How will things play out? Will Hader top Díaz and where will he end up?

Will Josh Hader Surpass A $102MM Guarantee?
No. 58.69% (5,956 votes)
Yes. 41.31% (4,193 votes)
Total Votes: 10,149

 

Where Will Hader Sign?
Dodgers 20.59% (2,568 votes)
Rangers 17.18% (2,143 votes)
Yankees 15.87% (1,980 votes)
Phillies 12.50% (1,559 votes)
Cubs 9.72% (1,212 votes)
Giants 6.79% (847 votes)
Blue Jays 5.26% (656 votes)
Other (specify in comments) 4.71% (587 votes)
Angels 4.27% (533 votes)
Orioles 3.11% (388 votes)
Total Votes: 12,473

 

MLBTR Poll: Matt Chapman’s Market

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Beyond Shohei Ohtani, the top of the free agent hitting market has been stagnant. Of the nine hitters in MLBTR’s Top 20 free agents, four (Ohtani, Jeimer Candelario, Lourdes Gurriel Jr. and Jung Hoo Lee) have come off the board. Just over a third of the 20 offensive players to make our Top 50 have signed.

There hasn’t even been much chatter about interest in a few of the market’s top bats. That includes third baseman Matt Chapman, on whom there has been radio silence since a December 4 report the Cubs were keeping an eye on his market. Chicago is among a handful of teams tied to the four-time Gold Glover winner in any capacity. The Blue Jays have expressed interest in a reunion, while the Giants (now led by former A’s manager Bob Melvin) have been linked throughout the offseason.

That trio stands as the likeliest group of suitors. The Cubs have been tied to a number of free agent targets (Ohtani, Cody Bellinger and Shota Imanaga among them) but have yet to add anyone from the open market. Chicago allowed Candelario to walk and has an underwhelming group of third base options: Nick Madrigal, Patrick Wisdom, Christopher Morel and Miles Mastrobuoni.

Toronto has yet to significantly address the position since Chapman hit free agency. They brought in Isiah Kiner-Falefa on a two-year deal last week. He’s better suited as a utility player than a regular. Between Kiner-Falefa, Davis Schneider, Santiago Espinal, Cavan Biggio and prospect Addison Barger, the Jays could mix and match at the hot corner. No one from that group stands as a clear roadblock to Chapman, though.

In J.D. Davis, the Giants have a better in-house third base option than either Chicago or Toronto do. Chapman isn’t a marked offensive upgrade over Davis, who just turned in another slightly above-average season and has a career .261/.343/.432 hitter. It’s a different story on the other side of the ball.

Davis has been a fringe to below-average defender throughout his career. Statcast’s Outs Above Average rated him favorably with the glove a season ago, but few would argue he’s all that close to Chapman defensively. Only the A’s allowed a higher batting average on ground-balls to the left side of the diamond than the Giants last year. While some of that is on the pitching staff and shortstops (primarily Brandon Crawford), signing Chapman would address that deficiency.

There are a few teams that arguably should be involved on Chapman, although none are without caveats. The Mets have kicked the tires on a few external options at third base — namely Justin Turner and Gio Urshela — after Ronny Mauricio went down with an ACL tear. Still, they don’t seem keen on a top-of-the-market splash as they envision Mauricio and/or Brett Baty as a long-term answer. While the Angels didn’t get much production out of third base, it’s hard to envision another pricey splash with Anthony Rendon due $38MM annually for the next three years. The Phillies appear content with Alec Bohm, while the Tigers have infield prospects Colt Keith and Jace Jung on the horizon.

The Yankees and Mariners have some questions at third base, but a run at Chapman wouldn’t align with their offseason trajectories. New York has tried to move away from their reliance on right-handed hitters with elevated strikeout rates; they’ve also declared DJ LeMahieu the expected starter. Seattle generally shies away from significant free agent contracts for hitters and is prioritizing high-contact bats this offseason.

How will that seemingly limited group of strong fits affect Chapman’s market? At the start of the offseason, MLBTR predicted a six-year, $150MM pact as he enters his age-31 season. Players like Trevor Story, Dansby Swanson and Javier Báez who broadly fit Chapman’s profile — plus or better infield defenders with power but strikeout questions — have landed in that range in recent winters, although that group all had the advantage of playing shortstop.

Where will Chapman wind up and for how much money?

Where Will Chapman Sign?
Giants 32.13% (4,503 votes)
Blue Jays 24.72% (3,465 votes)
Cubs 19.62% (2,750 votes)
Yankees 5.35% (750 votes)
Mariners 4.48% (628 votes)
Angels 3.47% (487 votes)
Mets 3.39% (475 votes)
Tigers 2.80% (392 votes)
Other (specify in comments) 2.33% (326 votes)
Phillies 1.71% (239 votes)
Total Votes: 14,015

 

For How Much Will Chapman Sign?
$101-125MM 27.63% (2,048 votes)
$76-100MM 24.87% (1,843 votes)
$126-150MM 19.63% (1,455 votes)
$75MM or less 17.02% (1,261 votes)
$151-175MM 6.99% (518 votes)
$176-200MM 1.97% (146 votes)
More than $200MM 1.89% (140 votes)
Total Votes: 7,411

 

MLBTR Poll: Are The Rangers Done Spending This Winter?

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After winning the 2023 World Series, the first in franchise history, the Rangers have a big decision to make. They can either rest on their laurels, having accomplished their ultimate goal well ahead of schedule, or they can double down, reconfirming their commitment to winning. There is no denying their aggressive approach over the last two years paid dividends, but will they take that as motivation to remain aggressive or as impetus to let their foot off the gas?

The Rangers have been relatively quiet this offseason, having made just two notable acquisitions: starting pitcher Tyler Mahle and reliever Kirby Yates. Mahle, 29, is recovering from Tommy John surgery and won’t return to the mound until midsummer at the earliest. Yates, 37 in March, overcame elbow problems of his own to pitch a full season in 2023, but at this point in his career, he looks more like a middle reliever than the All-Star he once was.

Meanwhile, several key contributors and high-paid veterans came off the books at the end of the 2023 season, including Jordan Montgomery, Mitch Garver, Martín Pérez, Jake Odorizzi, Aroldis Chapman, and Will Smith. In other words, this team has holes to fill and, at least in theory, should have money to spend.

However, after allocating significant resources to sign players like Corey Seager, Marcus Semien, Jon Gray, Jacob deGrom, and Nathan Eovaldi over the past two years, not to mention adding Max Scherzer at last year’s trade deadline, the Rangers’ estimated 2024 payroll already sits dangerously close to the first luxury tax threshold. According to Roster Resource, the team has just over $4MM left to spend before they’d have to pay the tax.

The Rangers paid the competitive balance tax for the first time this past season. The total bill came in around $1.8MM, a drop in the bucket compared to their payroll and a small price to pay for a World Series title. Nonetheless, managing partner Ray C. Davis “isn’t keen to start the season above the tax threshold” in 2024, according to Evan Grant of The Dallas Morning News. Grant has suggested as much at multiple points throughout the offseason, but he reemphasized the idea earlier this week. Specifically, he notes the higher surcharge for clubs that pay the tax multiple years in a row; teams pay a 20% tax on all overages their first year above the threshold, 30% in their second straight season, and 50% in subsequent seasons after that.

Grant also acknowledges that the Rangers, like several other teams, are dealing with uncertainty surrounding local TV revenue after Diamond Sports Group filed for bankruptcy earlier this year. That said, he stops short of presuming the team will start spending again if DSG and the Rangers reach a new deal for broadcast rights in 2024.

Despite all these budgetary questions, general manager Chris Young went on the record in late November to say Texas would be “active in free agency,” even if he wasn’t going to spend to the same degree as he had the previous two winters (per Grant). However, it’s unclear if signing Mahle and Yates and calling it a day would count as an active offseason in Young’s book. For what it’s worth, the Rangers have been linked to several top free agents over the past two months. Before signing Mahle and Yates, the team was connected with pitchers like Montgomery, Yariel Rodriguez, and Jordan Hicks. More recently, Ken Rosenthal of The Athletic suggested the Rangers were still in on Clayton Kershaw, despite his recent shoulder surgery – even though Texas already has three starters (deGrom, Scherzer, and Mahle) who are recovering from surgeries of their own.

Without shedding some financial commitments elsewhere on the roster, any new signing the Rangers make could push their luxury tax payroll over the first threshold for penalties. Thus, if Davis is serious about avoiding the tax in 2024, Texas could already be finished spending this offseason; needless to say, that would be an anticlimactic way to follow up a World Series-winning campaign. Then again, if Rosenthal is correct to think the Rangers are pursuing Kershaw, perhaps they aren’t ready to curb their aggression after all. In addition to a starting pitcher, this team could use another proven bullpen arm and a full-time designated hitter. Plenty of talented players are still available if Texas is willing to pay their price.

As things currently stand, the Rangers have a good chance to return to the playoffs and contend for the AL West crown in 2024. However, being the defending World Series champions doesn’t make them the division favorites, nor does it mean they can expect to walk back into the postseason next fall. If ownership wants to topple the Astros dynasty, they’d be wise to keep investing in their roster.

So, what do MLBTR readers have to say? Will the Rangers continue looking for upgrades, even if it means paying the luxury tax again next season? Have your say in the poll below!

(poll link for app users)

Are The Rangers Done Spending This Winter?
No, they will spend past the first luxury tax threshold 41.26% (1,989 votes)
Yes, the Rangers are done making major signings this winter 34.37% (1,657 votes)
No, but they will also shed payroll to avoid paying the luxury tax 24.37% (1,175 votes)
Total Votes: 4,821

MLBTR Poll: Yoshinobu Yamamoto’s Market

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With Shohei Ohtani and Juan Soto off the board, one of the next big questions of the offseason is what awaits NPB ace Yoshinobu Yamamoto. The three-time defending Sawamura Award winner as Japan’s top pitcher is widely regarded as the best remaining free agent. Hitting the open market at a nearly unprecedented age of 25, he is generally viewed as a top-of-the-rotation starter.

Yamamoto is coming off a season in which he turned in a 1.21 ERA across 164 innings. He fanned nearly 27% of opposing hitters while issuing walks at a meager 4.4% clip. It was arguably the best season in an illustrious NPB career that has seen the 5’10” righty post a 1.82 ERA in just under 900 innings at baseball’s second-highest level.

The Athletic’s Eno Sarris examined Yamamoto’s repertoire on a pitch-by-pitch basis yesterday. Sarris raved about Yamamoto’s fastball, split, curveball combination and praised the strong command he showed when pitching in the World Baseball Classic last spring. He concurred that Yamamoto projects as a top-flight starter, an assessment shared by evaluators with whom MLBTR spoke at the start of the offseason.

MLBTR predicted Yamamoto would receive a nine-year, $225MM guarantee. Recent indications are that he’ll surpass that mark. Jeff Passan of ESPN wrote last week that there’s growing belief within the industry that an MLB team’s expenditure on Yamamoto will top $300MM.

Passan’s suggestion of a $300MM+ investment includes the posting fee which an MLB team would owe to the Orix Buffaloes. (MLBTR’s contract prediction was separate from the posting fee.) That’s calculated as 20% of a contract’s first $25MM ($5MM), 17.5% of the next $25MM ($4.375MM) and 15% of any further spending. A $275MM guarantee for Yamamoto, for example, would come with a $43.125MM posting sum that’d push the overall investment by the MLB club to $318.125MM.

As shown on MLBTR’s contract tracker, Gerrit Cole’s nine-year, $324MM deal with the Yankees is the only $300MM+ contract for a one-way pitcher in MLB history. There’s a chance Yamamoto becomes the second pitcher to cross that threshold and at least an outside shot that he beats Cole’s guarantee to establish a new high-water mark.

It doesn’t hurt to have essentially every large-market franchise enamored with his upside. Yamamoto has seemingly been the top target for the Mets all offseason. He’s now the #1 priority for the Yankees and Dodgers after their respective splashes for Soto and Ohtani. The Giants and Blue Jays missed on Soto and Ohtani and are still motivated to make significant splashes. San Francisco made one such move yesterday by signing star KBO outfielder Jung Hoo Lee to a six-year deal, but even after that hefty expenditure the Giants should still have the payroll and luxury-tax space to accommodate Yamamoto.

Yamamoto hosted Mets owner Steve Cohen and president of baseball operations David Stearns in Japan last week. The pitcher is now on a North American tour of his own. He reportedly visited the Giants on Sunday and sat down with Yankee officials on Monday. He met with the Dodgers last night and is slated to meet with the Blue Jays and Red Sox later in the week. One or two others could still be involved.

The Buffaloes posted Yamamoto on November 20. That technically gives him until January 4 to sign, although the process isn’t expected to take that long. Both Passan and Will Sammon of the Athletic suggested last week the touted pitcher is likely to sign well before his posting window closes. It wouldn’t be a surprise if he has chosen his MLB team before Christmas.

How does the MLBTR readership anticipate Yamamoto’s bidding playing out? Where will he land and how lofty a guarantee will he secure?

How Much Will Yamamoto Be Guaranteed (Excluding Posting Fee)?
$301-325MM 27.43% (5,257 votes)
$276-300MM 21.81% (4,180 votes)
$251-275MM 13.89% (2,663 votes)
$226-250MM 10.73% (2,056 votes)
$326-350MM 10.09% (1,933 votes)
$200-225MM 6.64% (1,272 votes)
More than $350MM 6.63% (1,270 votes)
Less than $200MM 2.79% (535 votes)
Total Votes: 19,166

 

Where Will Yamamoto Sign?
Yankees 22.48% (3,933 votes)
Dodgers 21.92% (3,834 votes)
Mets 17.29% (3,024 votes)
Giants 13.31% (2,329 votes)
Red Sox 11.96% (2,092 votes)
Other (specify in comments) 6.91% (1,209 votes)
Blue Jays 6.12% (1,071 votes)
Total Votes: 17,492

 

Poll: Should The Brewers Trade Corbin Burnes?

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The Brewers have a ticking clock on their hands with Corbin Burnes. The right-hander has been excellent for them over the past four seasons but he’s now just one year away from free agency. They could have tried to sign him to an extension at some point but had not done so as of September of last year, per Burnes himself.

The pitcher recently expanded on the process in some comments with Fair Territory on November 17, as relayed by Adam McCalvy of MLB.com. “That was never something that we got to,” Burnes said when asked about extension talks. “Obviously, coming off the shortened season in 2020, having my first good year after signing [for] ‘21, I think for them it was, ‘Hey, wait and see if this was a one-off year,’ or if they thought this was something we could explore long-term.”

Burnes then goes on to explain that his continued success inflated his earning power so much that he was out of their price range and they didn’t want to bother insulting him with a lowball offer. This brought the two sides to the impasse where they currently find themselves. “I think a couple of years ago, I was open to going and getting something done, but I think at this point, both sides know that we’re a year away from free agency, and we want to see what the market can bring.”

As McCalvy lays out, that leaves the club with two distinct options. One is to hold onto Burnes and see what happens in 2024, which would still leave open the possibility of a midseason trade or receiving a compensation pick after extending a qualifying offer to Burnes. The other path is to trade him now.

The holding path certainly has its appeal. The club is the defending champion in the National League Central, after all. They will have to proceed without Brandon Woodruff, who was recently non-tendered in the wake of shoulder surgery. But he missed most of 2023 as well and the club still managed to thrive. Some other players also departed via free agency but the club could feasibly have a stronger outfield next year. Each of Garrett Mitchell, Sal Frelick and Tyrone Taylor were held back by injuries and could perhaps contribute more next year, joining Christian Yelich and Joey Wiemer in a strong outfield mix.

Then there’s Jackson Chourio, one of the top prospects in the sport, who reached Triple-A in 2023 and could debut in 2024. The club and Chourio are reportedly discussing an extension, which could perhaps increase his chances of being a factor in 2024. That could then lead to an outfield surplus, which could allow the club to perhaps bolster their team while holding Burnes.

The club could stand to find some upgrades on the infield and in the back of the rotation, but they could have some money to do so. Roster Resource estimates next year’s payroll at $101MM right now. Last year’s Opening Day figure was $119MM, per Cot’s Baseball Contracts, while they were at $132MM in 2022.

But the downside of the holding option is quite apparent with the example of Woodruff. The unfortunate reality with pitchers is that injury can quickly sap them of their value, both in terms of on-field contributions and trade value. If anything unfortunate were to develop with Burnes in 2024, the club could regret not cashing in when they had the chance.

By all accounts, the demand for starting pitching is high this winter and not every club is going to be jazzed about the idea of committing hundreds of millions of dollars over many years in order to upgrade their staff. Burnes is projected by MLBTR contributor Matt Swartz for an arbitration salary of $15.1MM next year, far cheaper than what top free agent arms will get, while also having the ability to recoup a compensatory draft pick at year’s end. Some club with a position player surplus but pitching needs may be willing to give up MLB-ready pieces to get Burnes, allowing Milwaukee to perhaps upgrade on the infield.

But the trade path isn’t easy either. The club is already going to be without Woodruff, so flipping Burnes would further weaken a rotation that has been such a strength for the club. With Wade Miley, Julio Teheran and Eric Lauer all free agents, a Milwaukee rotation without Burnes would consist of Freddy Peralta, Adrian Houser and Colin Rea, with options like Aaron Ashby, Bryse Wilson, Janson Junk and Robert Gasser also around. They could perhaps then use some of their funds to patch that over, but it’s obviously a better group with Burnes in it.

Looking at the broad picture, the division seems to be in a state of flux. The Cardinals are aggressively trying to put their miserable 2023 behind them, while the Cubs, Reds and Pirates are all coming out of their respective rebuilds at different speeds. With both Burnes and Willy Adames set for free agency a year from now, perhaps the Brewers should keep the gang together for one last heist, but doing so might hurt their chances of continuing to compete in 2025 and beyond.

What do you think? Should Burnes stay or go? Have your say in the poll below!

(poll link for app users)

Should The Brewers Trade Corbin Burnes This Offseason?
Yes, cash him in! 77.43% (6,981 votes)
No, hold and compete with him! 22.57% (2,035 votes)
Total Votes: 9,016
Show all

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