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Mets, Yoenis Cespedes Agree To Amended Contract

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DECEMBER 21: Under the amended contract, Cespedes will see his 2020 base salary drop from $29.5MM to just $6MM, according to a report from Ronald Blum of the Associated Press. However, that number will hike up to $11MM as soon as Cespedes is on the active roster or the IL with an injury unrelated to the contentious ankle fracture. Cespedes will still be able to reach the $20MM threshold through a series of plate appearance bonuses totaling $9MM; if he reaches 650 plate appearances, he will earn that entire amount.

Earlier Updates

5:25pm: Cespedes’s pocketbook has taken a huge hit, Joel Sherman of the New York Post reports on Twitter. In addition to losing some of his 2019 earnings, he’ll now be guaranteed less than $10MM for the season to come. He can earn his way back to the $20MM range through the incentives.

For the Mets, the benefit comes primarily from the perspective of cash accounting. It’s unclear whether this modification will be reflected in the calculation of the team’s payroll for purposes of computing the competitive balance tax. Even if so, the reduction presumably wouldn’t be dollar-for-dollar (barring some special treatment), since the CBT refers to the average annual salary of a contract.

4:29pm: Much but not all of the guarantee can be recouped via performance and awards bonuses, Jon Heyman of MLB Network tweets.

3:58pm: There’s more to this story (and more sure to come). The Mets stopped paying his salary at some point during the 2019 season, per Joel Sherman of the New York Post (via Twitter). The organization also brought a grievance action relating to Cespedes’s 2020 earnings.

The involvement of Cespedes’s 2019 salary adds another wrinkle to this. For one thing, it seems the club has been saving on its hefty obligations to the veteran slugger for some time. (Timing remains unclear.) For another, it appears there was quite a lot more cash at stake in the dispute than was already evident. Cespedes was due to earn $29MM last year.

3:21pm: The Mets and injured outfielder Yoenis Cespedes have agreed to “amend” the remainder of his contract with the team, according to Andy Martino of SNY.tv (Twitter link). Details of the arrangement aren’t yet clear, but it seems there is a modification to the salary Cespedes will earn in the coming season.

As things stand, Cespedes is due $29.5MM in the final season of his four-year deal. He’ll remain under contract, but at a lower rate. The modification relates to the injury suffered this May. Cespedes shattered his right ankle in an accident on his ranch while recovering from successive surgeries to both heels.

While we still lack a full public accounting of how Cespedes was injured, it seems clear that he was in a jeopardized position with regard to his contract. This settlement — which surely involved the league and union — will allow both sides to avoid the cost and strain of a full-throated legal battle. For the Mets, they now know just how much they will save on their obligations to Cespedes at a key juncture in the offseason.

The Mets entered the winter with a payroll predicament. This news promises to free up a good chunk of change to put towards other uses. The club will still have Cespedes on hand as a complete wild card — his talent is undeniable but his physical capabilities are at this point unknown — but can divert a substantial portion of what it would’ve paid him to other purposes. The club had reportedly been looking to move some underperforming contracts as a means of freeing payroll. Just how the offseason course will be impacted by today’s news remains to be seen.

Minor MLB Transactions: 12/21/19

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A couple minor moves from around the sport…

  • The Twins have signed infielder Wilfredo Tovar to a minor league contract, per an announcement from Nate Rowan, the director of communications for their Triple-A team in Rochester. The Minnesota organization’s already familiar to Tovar, who spent 2016 in Rochester, though he didn’t play a game for the Twins that year. Tovar has also garnered minor league experience with the Mets, Cardinals and Angels. The 28-year-old has picked up 110 plate appearances in the majors (including 88 with the Angels last season), but he owns an unimposing .188/.241/.238 line without a home run in the bigs. While Tovar has also put up below-average offensive marks in the minors, he is known as a quality defender.
  • The Mets outrighted hurler Stephen Nogosek to Triple-A Syracuse after he cleared waivers, Anthony DiComo of MLB.com tweets. The club designated him for assignment earlier this week. The right-handed Nogosek, who will turn 25 next month, joined the Mets as part of the package they received from the Red Sox for reliever Addison Reed in 2017. Nogosek reached the Triple-A and major league levels for the first time in 2019. Although he logged encouraging results in Syracuse, evidenced by a 1.15 ERA with 8.62 K/9 over 31 1/3 innings, he walked almost four batters per nine and was the beneficiary of a 2.6 home run-to-fly-ball rate that looks out of whack in light of his 37.5 groundball mark. Nogosek wasn’t nearly as successful in a 6 2/3-inning cup of coffee as a member of the Mets, with whom he yielded eight earned runs.

Red Sox Claim Chris Mazza

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The Red Sox have claimed righty Chris Mazza off waivers from the Mets, as MLB.com’s Mark Feinsand first reported (via Twitter). Mazza had recently been designated for assignment.

Though Mazza is already thirty years of age and has made just nine appearances in the majors, he obviously did something to catch the eye of the Boston front office. He allowed ten earned runs with a ho-hum 11:5 K/BB ratio in his first 16 1/3 frames in the majors, hitting four of the 74 batters he faced with errant pitches along the way.

While the early showing didn’t necessarily inspire confidence, the Red Sox were surely more favorably impressed by Mazza’s work at Triple-A. Through 76 innings in the tough International League, he worked to a 3.67 ERA with 7.3 K/9, 2.1 BB/9, and a 58.0% groundball rate. Mazza has always generated a good number of worm burners. He has also long been relatively hard to take out of the park — a particularly notable statistical history in this day and age. In 2019, Mazza allowed 0.71 home runs per nine at Triple-A and didn’t surrender a single dinger in the majors.

Latest On Francisco Lindor

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11:54pm: Jeff McNeil, the Mets’ terrific infielder/outfielder, is someone the Indians “repeatedly” asked about during the teams’ Lindor talks, Tim Healey of Newsday reports. Unsurprisingly, though, the Mets weren’t willing to deal McNeil.

10:16pm: It might not be long before we see the Indians part with their franchise player, shortstop Francisco Lindor. The Indians have informed clubs that have pursued Lindor that they want their “best and final offers so they can make an assessment over the weekend,” Ken Rosenthal of The Athletic writes (subscription link).

The Indians don’t have to give up the 26-year-old Lindor, who has two seasons’ control left, but his value’s surely sky-high right now. Plus, having traded right-hander and fellow franchise icon Corey Kluber to Texas last week, the small-market Indians could be moving toward a rebuild. The Indians’ roster still looks better than average even without Kluber, but considering they’re unlikely to extend Lindor before he’s slated to reach free agency in a couple years, management may decide to take the best possible offer now at the expense of their near-term chances.

So far this offseason, the Dodgers, Padres and Reds have been prominently connected to Lindor in the rumor mill. The Mets also showed interest in him, but they’ve drifted into the background because of Cleveland’s exorbitant asking price for Lindor, Rosenthal reports. Even though Lindor’s team control is fading and he’ll make a projected $16.7MM in 2020, it’s understandable the Indians are demanding a significant return for him. After all, he’s a four-time All-Star, one of the faces of baseball and someone who has slashed .288/.347/.493 with 130 home runs, 93 stolen bases and 27.2 fWAR since his career began in 2015.

NL East Notes: Bumgarner, Ryu, Cespedes, Nationals, Phillies

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The Braves weren’t willing to go beyond a three-year contract for Madison Bumgarner, and “it seems highly doubtful” they would go to four years for Hyun-Jin Ryu, MLB.com’s Mark Bowman writes.  Atlanta’s interest in Ryu is something of a new development, but Bowman feels it could be more due diligence on the Braves’ part than anything else, in case Ryu’s market shifts within the two- to three-year range.  Multiple teams have been linked to Ryu this offseason, though it remains unclear whether any club will be willing to stretch to four years for a hurler who will be 33 years old on Opening Day and possesses a lengthy injury history.

The latest from around the NL East…

  • Could Yoenis Cespedes be a trade chip?  A deal seems unlikely, but MLB.com’s Anthony DiComo reports that the Mets have received some trade interest in the outfielder in the wake of last week’s news that Cespedes’ salary has been reduced to less than $10MM, though with significant incentives that could make it worth $20MM (assuming Cespedes gets on the field at all in 2020, of course).  Cespedes has a full no-trade clause, though DiComo speculates that Cespedes might welcome a change of scenery to a team that could offer him DH at-bats, or just to get away from “a team that successfully filed a grievance against him.”  It could be that rival teams are open to absorbing Cespedes’ contract as a method of acquiring some younger talent from New York, similar to how the Giants recently took Zack Cozart’s salary off the Angels’ hands in order to land shortstop prospect Will Wilson, or how the Mets themselves are trying to attach a younger player to Jeurys Familia or Jed Lowrie in a trade.
  • The Nationals’ fifth starter competition is examined by Sam Fortier of the Washington Post, who reports that Erick Fedde has a minor league option remaining.  This might not bode well for Fedde’s chances, as the Nats could send him down to Triple-A in favor of Austin Voth or Joe Ross, who are both out of options.  That’s assuming, of course, that D.C. ends up going forward with one of these three in-house arms as the fifth starter.  Fortier notes that the team was seemingly satisfied with this same trio last winter before signing Jeremy Hellickson prior to Spring Training, so it isn’t out of the question that the World Series champs could pursue another low-cost veteran before the offseason is out.
  • We haven’t heard much about David Phelps about this offseason, but Bob Brookover of the Philadelphia Inquirer feels the right-hander would be a good (and relatively inexpensive) addition to the Phillies bullpen.  After missing all of 2018 due to Tommy John surgery, Phelps had a solid comeback year in 2019, posting a 3.41 ERA, 2.12 K/BB rate, and 9.4 K/9 over 34 1/3 innings for the Cubs and Blue Jays.  Phelps pitched under Phils manager Joe Girardi with the Yankees in 2012-14, and when asked about the reliever at the Winter Meetings, Girardi praised Phelps’ versatility, game preparation skills, and good numbers against both right-handed and left-handed batters.

Latest On Dellin Betances

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7:52am: Betances is hoping to secure a one-year deal in the $10MM range, Heyman tweets. That’s the same guarantee Blake Treinen just landed with the Dodgers, although while Treinen had a down season in 2019, he was at least healthy and pitched 58 2/3 innings in 2019.

Dec. 17, 5:55am: The Mets are now considered unlikely to sign Betances, Heyman tweets. SNY’s Andy Martino hears similarly, tweeting that it doesn’t sound as though the Mets will be the team to land the right-hander.

Dec. 16: A report at the end of November indicated the Phillies were among the teams chasing free-agent reliever Dellin Betances. That remains the case, according to Jon Heyman of MLB Network (by way of Jack Curry of the YES Network), as he relays that they and the NL East rival Mets are “prominent” in the Betances sweepstakes.

Heading to Philadelphia would reunite Betances with skipper Joe Girardi, who managed the hard-throwing right-hander with the Yankees from 2011-17. Betances had some of the best years of his outstanding career during that stretch, but he’s now coming off an injury-ravaged season in which he barely pitched. Shoulder, lat and Achilles problems limited the 31-year-old Betances to a total of two-thirds of an inning in 2019, leaving him as a strong candidate to sign a short-term deal this winter. MLBTR predicts he’ll ink a one-year, $7MM contract, which should be a reasonable gamble for the Phillies or any other team in need of bullpen help.

A $7MM price tag for a reliever fresh off a limited campaign may have looked somewhat steep for the Mets earlier in the offseason, but they’ve come into some money in recent days with the reworking of outfielder Yoenis Cespedes’ contract. Cespedes, who went through two injury-wrecked years from 2018-19, had been slated to earn $29.5MM next season. However, Cespedes and the Mets just agreed to an amended contract that will guarantee him a far more team-friendly sum (less than $10MM) in 2020.

The Mets have more to work with as a result of Cespedes’ pay cut, and a source told Ken Davidoff of the New York Post that they’re “nowhere near done” after signing starters Rick Porcello and Michael Wacha. Perhaps they’ll use some of the money that had been earmarked for Cespedes on Betances, who – at least on paper – would vastly improve the back end of a bullpen that was a frequent issue last season. Notably, new Mets manager Carlos Beltran was once teammates with Betances as a Yankee.

Mets Designate Stephen Nogosek For Assignment

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The Mets announced Monday that they’ve designated right-hander Stephen Nogosek for assignment. His spot on the roster will go to right-hander Rick Porcello, whose previously reported one-year, $10MM contract is now official.

Nogosek, 24, was the last of three remaining pitchers in the organization that the Mets had acquired when trading Addison Reed to the Red Sox back in 2017. Fellow righties Gerson Bautista (traded to Seattle in the Robinson Cano/Edwin Diaz deal) and Jamie Callahan (outrighted and signed with the Giants) have both gone to other clubs within the past 13 months.

Nogosek made his MLB debut with the Mets this past season but was roughed up for eight runs on a dozen hits and two walks with six strikeouts in 6 2/3 innings out of the bullpen. The 2016 sixth-round pick posted an eye-popping 1.07 ERA in 50 1/3 innings between Double-A and Triple-A in 2019, although his control (4.9 BB/9, 12.8 BB%) wasn’t great and he benefited from a .155 BABIP in 31 1/3 innings of Triple-A ball.

On the one hand, Nogosek is a fairly young reliever with minor league options remaining, a heater that averaged 95.1 mph in his brief MLB cup of coffee an a longstanding knack for avoiding home runs (0.81 HR/9 in 199 minor league innings). On the other hand, he’s a pronounced fly-ball pitcher with a persistent control issues who’ll need to continue avoiding the long ball against the game’s best hitters due to that limited ability to locate the ball. He’ll turn 25 in July and is more or less MLB-ready, so a club could take a look at him via a minor trade or a waiver pickup. The Mets will have a week to trade Nogosek or place him on outright waivers in hopes that he’ll clear and remain in the organization.

Mets Sign Rick Porcello

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Dec. 16: The Mets have formally announced the signing.

Dec. 12: The Mets have struck a deal with free agent righty Rick Porcello, according to Ken Rosenthal and Eno Sarris of The Athletic (via Twitter). It’s a one-year, $10MM deal, per Jon Heyman of MLB Network (Twitter link).

This is a long-rumored match that’ll put the New Jersey native back in familiar territory. It’s a bit surprising to see now, though, after the Mets reportedly agreed yesterday to ink Michael Wacha. Both of these buy-low hurlers would figure to command rotation jobs, leaving the Mets with six clear candidates for the five-man unit. Whether or not that could produce a trade remains to be seen, but now appears plausible on paper.

Porcello, who’ll turn 31 later this month, is far removed from his surprising Cy Young season. There have been some lean years in between, but he has always answered the bell. Porcello has taken the ball for at least 32 starts in each of the past four campaigns and has only once failed to top 170 MLB frames in a season (2010, when he threw 162 2/3).

Any pitcher is a theoretical health risk, but Porcello’s record of durability is second to none. The Mets can safely assume they’ll get innings from their new starter … but of what quality?

Outside of a few particularly good and bad seasons, Porcello has mostly hovered around the low-4 ERA range. Through more than two thousand innings in the majors, he carries a 4.36 ERA that lines up with his lifetime peripherals: 6.7 K/9, 2.1 BB/9, 47.5% groundball rate. Fielding-independent pitching metrics largely concur with the results (4.09 FIP; 4.03 xFIP; 4.09 SIERA).

The Mets would be glad to see Porcello take the ball thirty-plus times and settle right around that four-earned-per-nine mark. But will he? Other teams reportedly offered three-year arrangements in an effort to woo Porcello, so there’s obviously some belief in the game that it’s plausible. But he’s also coming off of his ugliest season as a big leaguer.

In 2019, Porcello struggled to a 5.52 ERA in 174 1/3 innings. ERA estimators weren’t much more positive (4.76 FIP; 5.15 xFIP; 4.86 SIERA). He isn’t allowing an alarming rate of home runs per flyball (13.1%), but hitters have had greater success getting the ball in the air against him. He averaged a personal-worst 38.1% grounder rate and personal-high 41.5% flyball rate in 2019.

Perhaps it’s just a matter of a few well-conceived tweaks. Porcello has lost a bit of arm speed, though he’s still within range of his typical velocity levels. Opposing batters produced bigger-than-usual levels in hard-hit rate (37.2%) and launch angle (15.5 degrees), though neither figure was wildly out of line with Porcello’s prior history. Likewise, Porcello’s swinging-strike rate of 8.0% was on the low side for his recent track record but not a signal of a drastic shift in physical tools or efficacy.

Photo courtesy of USA Today Sports Images.

Mets Agree To Sign Michael Wacha

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DECEMBER 15: Anthony DiComo of MLB.com has the breakdown on the incentives in Wacha’s contract. He’ll earn $500K for making 10, 14, and 18 starts, along with $500K for each start from 20-30. Finally, Wacha can earn $1.35MM worth of award bonuses. With $8.35MM worth of incentives, Wacha’s total earning potential for 2020 comes out to $11.35MM.

DECEMBER 11, 3:23pm: There’s a deal in place pending a physical, per MLB.com’s Mark Feinsand (Twitter link). It guarantees $3MM, per Sherman (via Twitter), with up to $7MM in possible incentives.

3:09pm: The Mets are “working hard to finalize” a contract with righty Michael Wacha, according to Joel Sherman of the New York Post (via Twitter). If completed, it’ll be for a one-year term; financials have yet to be reported.

If this deal is wrapped up, Wacha would presumably round out the New York starting five. He’d also become the latest client of CAA — the former outfit of Mets GM Brodie Van Wagenen — to join the New York organization.

It’s interesting to see Wacha heading in on a bounceback arrangement as Zack Wheeler departs with a huge contract. It wasn’t long ago that the former was seen as a major free agent target of the future, while the latter’s career was in limbo owing to health reasons.

Now, it’s Wacha who is trying to prove he can stay healthy and restore his former effectiveness. The former first-round pick has had some peaks to go with the valleys in recent years, but hasn’t looked like the budding young staff he was in 2013-15.

Last season, Wacha turned in a 4.76 ERA with 7.4 K/9 and 3.9 BB/9 over 126 2/3 innings. With balls flying out of the yard at a rate of 1.8 per nine, he was ultimately demoted to the bullpen. Wacha ended up averaging a career-low 93.4 mph with his fastball, though that’s only one tick off from his overall career average.

It’s tough to say just how much upside Wacha offers at this stage. He was able to stay on the mound for most of 2019 but hasn’t been as effective as he was before shoulder and back issues began to crop up. Statcast numbers don’t offer much in the way of encouragement; if anything, they suggest his strong ’18 output (3.20 ERA in 84 1/3 innings) was based upon some good fortune (.249 BABIP-against, .286 wOBA vs. .350 xwOBA). Still, it’s awfully tempting to dream on a powerhouse Mets rotation if Wacha and Steven Matz are able to turn in healthy and productive campaigns.

Trade/FA Rumblings: Arenado, Keuchel, Cards, Twins, Marlins, Mets, Correa

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The Rockies are reportedly willing to listen to offers for their franchise player, third baseman Nolan Arenado. General manager Jeff Bridich all but confirmed that’s the case, Nick Groke of The Athletic relays (subscription link).

“Look, this is the time of year where those conversations happen,” Bridich said. “This is the time of year where we at least listen to teams and go, ‘OK, well, should we try to investigate and put something together.’ We have people to do those sorts of things. I can’t sit here and say, ‘No, never, ever.’ Some of this stuff started back at the trade deadline and it’s kind of ongoing.”

Bridich is still of the opinion the Rockies, as presently constructed, can push for a championship in 2020, Groke notes. Arenado, of course, plays an irreplaceable role in that belief. However, with so few above-average third basemen currently available (Josh Donaldson’s a free agent and Kris Bryant may end up on the move via trade), teams could come calling with appealing offers if the Rockies place Arenado on the block. Arenado has full no-trade rights as part of the seven-year, $234MM extension Colorado signed him to last offseason, though he has expressed frustration regarding the Rockies’ nightmarish 2019. So, if a contender tries to acquire him, perhaps the 28-year-old will be open to leaving the Rockies. Regardless of whether a trade comes together, Arenado has the ability to opt out of his contract after 2021.

Here are more rumblings from around the game…

  • A report earlier this week suggested the Cardinals haven’t shown much recent interest in Dallas Keuchel, but Derrick Goold of the St. Louis Post-Dispatch writes that the club’s “intrigued” by the free-agent left-hander. The Cardinals were also among the teams in on Keuchel last season before he signed a one-year, $13MM contract with the Braves in June, thereby ending a shockingly long stay on the market. The soon-to-be 32-year-old didn’t have a great few months in Atlanta, but he should nonetheless do better in free agency this time. MLBTR predicts he’ll sign a three-year, $39MM pact.
  • At this week’s Winter Meetings, Miami and Minnesota discussed a trade that would see the Marlins send right-hander Elieser Hernandez to the Twins for outfielder Jake Cave, according to Craig Mish of FNTSY Sports Radio. While there’s no indication a deal is on the way, the Twins are at least “open” to trading Cave and would like a pitcher in return, Darren Wolfson of 5 Eyewitness News tweets. Age (24 versus 27) is on Hernandez’s side, but Cave was the better producer in 2019. Cave slashed .258/.351/.455 in 228 plate appearances. Meanwhile, Hernandez put up a 5.03 ERA/5.58 FIP despite logging 9.29 K/9 against 2.84 BB/9 across 82 1/3 innings. Neither player is on track to reach arbitration until after 2021.
  • Although the possibility of the Mets acquiring Astros star shortstop Carlos Correa has been branded as more fantasy than reality, the teams did have “active” talks from November up to this week, Andy Martino of SNY reports. However, those discussions have “fizzled,” per Martino. For what it’s worth, Astros GM Jeff Luhnow has told Correa not to worry about a trade. Barring something unforeseen, it appears Amed Rosario will continue as New York’s starting shortstop in 2020.
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