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Fallout Notes After Gerrit Cole Signing: Blue Jays, Angels, Pettitte, Dodgers, Bumgarner

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Much will come to light in the coming days now that the Yankees have officially given Gerrit Cole the largest deal in league history for a pitcher – but even now, mere hours from the revelation, the news is starting to sink in. The rest of the pitching market could unstick rather quickly, and the Blue Jays are having to factor in their new reality of having to face Cole four or five times a year for the next decade, writes Ben Nicholson-Smith of sportsnet.ca. Of course, what better way for Vlad Guerrero Jr., Bo Bichette and friends to push themselves to reach their massive potentials than by facing off with the best of the best. Of greater concern for Toronto is who will take the mound on their side in 2020. With the biggest names now off the board, interest will pick up for the next tier of free agent starters, guys like Hyun-Jin Ryu and Dallas Keuchel, in whom Toronto has shown interest. Those who missed out on Cole may up the ante for the next round, however, putting the Blue Jays’ realistic options more in the field of Tanner Roark, Rick Porcello, or Wade Miley. They could even lend a helping hand to the Yankees by taking back J.A. Happ if a prospect(s) came along with him. Let’s see what else folks are saying here in the wee hours of life in our bleak new post-Cole-sweepstakes reality…

  • The winners and losers of Cole’s mega contract are fairly obvious, but The Athletic’s Ken Rosenthal makes the rounds anyway, starting with the Yankees – the biggest winners here (besides Cole and maybe Scott Boras) for finally reeling in their “white whale.” The Angels come away from the Cole saga disappointed, but it’s not all bad for the Halos. They have more need than could have been filled by Cole alone. As tantalizing a talent Cole is, they may be better off spreading their money around. Now that the Giants took Zack Cozart’s deal off their hands, they might have enough resources to buy a supporting cast for Mike Trout.
  • It’s easy to view the Yankees’ winning bid as a harkening back to the days of New York as the evil empire, but the reality is actually much more frightening, per The Athletic’s Marc Carig. He writes, “The Yankees are well-run, well-heeled and well-schooled in the art of reeling in the big fish.” True enough: this was no impulsive spending spree. The Yankees, like much of the league, have curbed their shopping addictions and learned to spend wisely. As a result, they should enter 2020 as favorites to win the American League. Oddly, for years it was expected that Bryce Harper and Manny Machado’s free agency would wake the dormant goliaths from their winter slumber, but it turned out to be Cole who not only made the notoriously judicious Andrew Friedman plead his case for the Dodgers, but who prompted the Yankees to shake off the rust and woo their western rival’s star player like the old days.
  • Speaking of: Andy Pettitte played a role in evangelizing on behalf of New York’s lifestyle benefits. He encouraged Cole about playing in New York as a benefit for his peace of mind, per Joel Sherman of the New York Post. Pettitte’s point was that Cole could focus himself on the task of winning titles, as the playoffs should be an annual guarantee (or at least strong possibility). Of course, the Dodgers and Astros could have made the same argument about their squads.
  • The Dodgers, it’s worth noting, made a real push for Cole. Among 324 million other reasons, however, Cole came away from his meeting with New York impressed with new pitching coach Matt Blake, who appealed to Cole’s interest in the intellectual side of the game, noted Carig. Of course, Cole also grew up a Yankees fan, which might have tipped the scale in the Yankees’ favor in a way that the Dodgers simply couldn’t answer. Now that the dust has settled, the Dodgers are moving on to the goal of convincing Madison Bumgarner to make the heel turn and join an already strong rotation in Chavez Ravine, tweets Rosenthal.

Gerrit Cole Rumors: 12/10/19

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Where’s Gerrit Cole going to land? That’s what everyone wants to know. We’ve got a poll going this morning, but otherwise we’re eagerly awaiting the day’s news on the top free agent.

We’ll track the chatter here …

  • The Cole sweepstakes is closing in on an ending, reports Heyman, who adds it would take “a major upset” for him to sign with someone other than the Yankees, Angels or Dodgers.

Earlier Reports

  • There is “serious and intense” bidding going on for Cole, who looks more and more likely to reach an agreement at the Winter Meetings, Heyman tweets. It’s “likely” the Astros and the Giants are the mystery clubs in the Cole derby, per MLB.com’s Mark Feinsand, though the sources he has spoken with have cast on doubt on the hurler ending up with either team. That seemingly leaves the Yankees, Angels and Dodgers to fight it out for Cole.
  • The Astros may be one of the mystery teams, per the New York Post’s Joel Sherman, who writes that they’re considering making a late charge to re-sign Cole. He was, of course, an enormously important part of the Astros’ pitching staff from 2018-19, and owner Jim Crane said last month the team would at least make an effort to keep him. Keeping Cole would likely at least push the Astros over the second level of the luxury tax ($228MM), as Sherman notes, but the reigning AL champions do have some holes in their rotation with him and Wade Miley as free agents. Perhaps a desire to keep Cole, AL Cy Young winner Justin Verlander and Zack Greinke together atop the Astros’ staff will drown out any tax concerns for Crane.
  • Agent Scott Boras confirmed recent reports that indicate a deal could come together quickly. He told reporters gathered for his annual media scrum that a decision may come “in the short term,” as MLB.com’s Bryan Hoch reports (Twitter links). Boras also says there are two mystery teams involved in Cole’s market, though it’s not evident just what constitutes a mystery team from his perspective.
  • Cole’s major pursuers are known (Angels, Yankees, Dodgers), along with a few lurkers (Rangers, Phillies). But there’s also a mystery team involved, according to Jon Heyman of MLB Network (via Twitter). Heyman himself casts doubt upon the legitimacy of this unidentified organization, noting that it is difficult to envision a new entrant to the market vaulting past the existing bidders. Indeed, it is quite difficult to peg a serious bidder among the remaining teams around the league. There are certainly other contenders that would love to add Cole, but in every case there’s reason to question the plausibility. That said, there have been surprises in the past and nothing can be ruled out entirely until there’s a team announcement on a signing.
  • Henry Schulman of the San Francisco Chronicle notes (via Twitter) that he has been given reason to believe that the Giants would represent “a desirable destination” from Cole’s perspective. But he says he is not aware whether the team is involved and cautions that he has no reason to believe the San Francisco organization is a serious possible landing spot for the right-hander.

Report: Yankees “Actively” Trying To Trade J.A. Happ

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DECEMBER 10: The Blue Jays have explored the possibility of a reunion with Happ, Andy Martino of SNY.tv reports (Twitter links). The Brewers are said to be among the National League clubs with some level of interest.

DECEMBER 9: Twelve months ago, the Yankees made veteran left-hander J.A. Happ one of their key offseason signings. After a solid 2018 divided between the Blue Jays and Yankees, New York re-upped Happ to a two-year, $34MM contract. Now, the club is “actively” seeking a taker on the trade market for the 37-year-old Happ, Joel Sherman of the New York Post reports.

The fact that the Yankees want to get out of the Happ deal isn’t particularly surprising, considering he’s slated to count $17MM against the luxury tax next season. If the Yankees succeed in signing right-hander Gerrit Cole, the No. 1 free agent on the board and someone who has a shot at a $300MM-plus contract, moving some portion of Happ’s money could help them avoid the highest level of the luxury tax ($248MM). As things stand, it seems probable they’ll blow past the first level of $208MM and likely surpass the second penalty of $228MM, Sherman notes.

In moving Happ, the Yankees would obviously be selling low. While Happ has long been a quality starter in the majors, things didn’t go well last season. Even though Happ did close on a good note during the final month of the regular campaign, he still ended the year with a subpar 4.91 ERA/5.22 FIP and 7.81 K/9 against 2.73 BB/9 over 161 1/3 innings. Going forward, Happ’s contract includes a $17MM vesting option for 2021 if he totals 165 innings or 27 starts next year. With those factors in mind, the Yankees don’t figure to have an easy time finding someone to take Happ off their hands.

Gerrit Cole Seeking Massive Free Agent Contract

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9:40pm: The Angels and Boras “have had multiple ’ownership-level’ meetings” regarding Cole, Jeff Fletcher of the Orange County Register writes.

6:53pm: Yankees general manager Brian Cashman is “coming with the offer for Cole today,” Heyman tweets. Bob Klapisch of the New York Times reported over the weekend (link below) that New York was preparing a seven-year, $245MM proposal.

5:28pm: Expectations are that Cole will indeed go past the $300MM mark, per the New York Post’s Joel Sherman, who names nine years and $324MM as “not a bad over/under” for Cole’s next deal.

3:13pm: After securing a stunning, $245MM deal for Stephen Strasburg, Boras is on the hunt for an even larger-than-expected payday for Cole.

The goal is for a nine or ten-year pact, per Heyman (via Twitter). The $300MM level “is well within reach,” per the report, with even greater earnings “certainly possible” at this point.

It is believed that the bidding on Cole will come to a head in the coming days, MLB.com’s Jon Morosi tweets. That could set the stage for an old-fashioned Winter Meetings auction of the kind we haven’t seen in some time.

1:07pm: Free agent ace Gerrit Cole continues to be the center of attention as the game of baseball gathers up in San Diego for the Winter Meetings. We’ve yet to seen any seismic news with respect to his market situation, but there’s good reason to believe we’ll see significant developments in the coming days.

Cole’s agent, Scott Boras, informed teams that his client would like to consider offers beginning right away, The Athletic’s Jayson Stark writes (subscription link). The hurler “has been aggressively involved in setting the timing of these talks,” writes Stark, and it seems he’s not interested in a protracted courtship.

While Cole isn’t looking to drag this process out for the next several months, he’s not going to limit his options at the outset. While some geographical preference had been anticipated — Cole, as you’ve no doubt heard, has deep ties to California — it has become increasingly clear that he won’t restrict himself to one coast.

The word now is that Cole “will go with the best value/deal regardless of geography,” Jon Heyman of MLB Network tweets. That certainly leaves the door wide open for the Yankees, who are reportedly preparing to put a big number in front of Cole, but it’s far from a done deal. It’s rumored that the Angels, Dodgers, Phillies, and Rangers are also in the hunt and it remains to be seen which team will separate itself from the pack.

With big-budget organizations pushing hard for Cole, the industry chatter continues to buzz with the likelihood of a record-setting deal. The only question seems to be just how many contractual records will be knocked over and to what extent, as Stark writes. MLBTR predicted a $256MM contract entering the offseason.

AL Rumors: Yanks, Gardner, Dellin, Rays, A’s, Hill, Shaw, Jays, BoSox

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Multiple teams are showing interest in free-agent outfielder Brett Gardner on a multiyear contract, Jon Heyman of MLB Network reports. However, Gardner continues to prefer re-signing with the Yankees, according to Heyman, who adds that the two sides are “still talking.” Indeed, as of a few days, Gardner and the Yankees were continuing to negotiate a new contract. Should they reach an agreement, the 36-year-old Gardner would continue as the longest-tenured player on the Yankees’ roster. Until then, he’ll remain as arguably the most appealing center field-capable player on a market which is weak in that regard.

  • Sticking with the Yankees, they’ve “engaged” with another of their longtime contributors, free-agent reliever Dellin Betances, Jack Curry of the YES Network tweets. But so have one of their division rivals, the Rays. Wherever Betances ends up, it’s “likely” he’ll sign a one-year contract in an effort to rebuild his value, per Curry. Although the 31-year-old Betances is one of the game’s most successful relievers in recent memory, injuries to the right-hander’s shoulder, lat and Achilles prevented him from making any meaningful contributions in 2019. Nevertheless, MLBTR expects Betances to land a $7MM payday over one year (with the Rays).
  • The Athletics are showing interest in Royals southpaw Tim Hill, Susan Slusser of the San Francisco Chronicle reports. This isn’t the first trade chatter we’ve heard on the 29-year-old, who turned in 39 2/3 innings of 3.63 ERA ball last year. Why the interest from AL contenders in a player that most fans have never heard of? Hill didn’t carry overwhelming overall K/BB numbers (39:13), but did generate a healthy 29.2% K rate against righties while delivering an excellent 57.3% groundball rate. That combination of tools is all the more interesting given the soon-to-be-minted three-batter minimum rule.
  • Free-agent infielder Travis Shaw, on the market since the Brewers let him go at the non-tender deadline a week ago, has garnered interest from the Blue Jays, Jon Morosi of MLB.com relays. Additionally, Chris Cotillo of MassLive.com relays that the third baseman/second baseman has expressed a willingness to return to the Red Sox, his first MLB team, though it’s unclear if they’re open to a reunion. Shaw, whom the Red Sox traded to the Brewers in December 2017, had a pair of highly productive years in Milwaukee before his numbers fell off a cliff this past season. That caused the Brewers to move on from Shaw, leaving the 29-year-old as a buy-low candidate this winter.

Yankees Reportedly Preparing $245MM Offer To Gerrit Cole

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The Yankees are reportedly working on a record-setting seven-year, $245MM contract offer to free-agent right-hander Gerrit Cole, according to Bob Klapisch of the New York Times. MLB Network’s Jon Heyman and MLB.com’s Mark Feinsand report (Twitter links) that while the team has not yet officially extended the offer, they aren’t far off from doing so.

If signed, the contract would establish a new benchmark for free-agent pitchers, both in terms of overall value and average annual value; Cole’s $245MM over seven years—a $35MM AAV—would surpass David Price’s record $217MM deal with the Red Sox, as well as Zack Greinke’s $34.4MM AAV from the Diamondbacks.

With Cole and representative Scott Boras requesting yesterday that interested teams submit initial offers, the Cole saga is far from over, and there’s a chance that the Yankees’ bid will be one-upped by another suitor, particularly the Dodgers or Angels, who have been named the other favorites to land Cole. If those teams opt to go to an eighth or ninth year, the contract value could exceed $280MM or even $300MM, an unprecedented figure for pitchers. Either way, with the bidding war now underway, one thing’s for sure: if the initial offer is already a record deal, Cole and Boras are certainly sitting pretty.

And though the contract offer is merely that—an offer—the sheer magnitude of the opening bid is indicative of the Yankees’ commitment to go into the spring with this offseason’s crown jewel. With reports suggesting that ownership has authorized a steadfast pursuit of Cole and that the team has halted other business as it focuses entirely on the 29-year-old, there seems to be a heightened sense of urgency surrounding the Yankees’ courtship of Cole, a Steinbrenner trademark that has been absent for several years.

That said, they won’t be without their share of competition. The aforementioned financial powerhouses in Los Angeles—though their interest hasn’t received the same attention as that of New York—no doubt have an appetite for Cole. After seven consecutive division titles that have yet to produce a World Series banner, the Dodgers’ urgency may well rival that of the Yankees. And while record-breaking contracts are decidedly not a hallmark of the Andrew Friedman-run Dodgers, it bears mentioning that their payroll commitments are expected to thin out considerably by 2021 and 2022, affording increased flexibility to take on an obligation of monumental proportions.

The Angels, for their part, haven’t played October baseball since 2014 and have long been rumored a destination for Cole given his SoCal roots. They boast the sport’s finest player in Mike Trout, who is under contract for the next decade-plus and has played just three playoff games through his age-27 season. The last several years of Angels baseball have been defined by a notorious lack of production (and health) in the starting rotation, a department in which forward progress may already be in order for 2020, what with the acquisition of Dylan Bundy and the potential return of Shohei Ohtani, not to mention the addition of reputable pitching coach Mickey Callaway. General manager Billy Eppler, entering the final year of his contract, has limited time to produce a genuine improvement in the win-loss department, and adding Cole may be the perfect splash to improve the franchise’s fortunes.

Latest On Gerrit Cole

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Teams will be making their initial offers to Gerrit Cole in the coming days, reports Jeff Passan of ESPN (via Twitter). Cole, the top free agent in this year’s class, is a near-lock to exceed David Price’s $217MM guarantee, the current record contract for a pitcher.

Which teams figure to be in on Cole? The Yankees are seemingly committed to bringing Cole to the Bronx, and Peter Gammons of the Athletic somewhat cryptically tweets that the Bombers “were not denied” in their pursuit. Nevertheless, Passan’s sources hear that the Angels and Dodgers do remain in the running alongside the Yankees as favorites for Cole’s services. Both LA organizations have previously met with the Southern California native, as have the Yankees.

While that big-market trio seems to have moved to the forefront of the Cole race, other teams may still yet enter the mix once the time comes to put formal offers on the table. Jon Heyman of MLB Network reiterates (via Twitter) the Phillies’ and Rangers’ interest. Recent indications, though, are that Philadelphia and Texas seem to be more focused on fellow Scott Boras client Anthony Rendon.

That interest in Rendon, who himself figures to handily exceed $200MM, suggests that both organizations have ample spending room should they set their sights on Cole instead. However, the Phillies have already made one massive outlay on starting pitching this offseason, signing Zack Wheeler to a $118MM deal. The Rangers, meanwhile, have seemingly plugged two holes in their rotation via smaller deals for Kyle Gibson and Jordan Lyles. With that in mind, it seems to make sense for those two clubs to turn their attention to the position player side of things.

With the Cole market seemingly heating up, he figures to be the center of attention at next week’s Winter Meetings. With some of the sport’s biggest spenders eyeing him, Cole will surely break the bank whenever he makes the final decision.

Yankees’ “Total Focus” On Gerrit Cole

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The Yankees “total focus” remains on reeling in the winter’s big fish: ace starter Gerrit Cole, per MLB Network Insider Jon Heyman. That Cole is a priority for the Yankees is old news, though Heyman’s characterization certainly seems to stake a higher degree of urgency to the Yankees’ intent.

The nostalgic among us can take this opportunity to think fondly of the Yankees of yore, who routinely targeted their man in free agency with this kind of fervor. It’s been a few years since a free agent made this kind of impression on the Yanks, though they attacked the opportunity to trade for James Paxton last offseason with similar drive.

The urgency isn’t shocking coming off 2019, which proved an interesting campaign in New York. Injuries decimated the roster, but the offense never missed a beat no matter who stepped into the void (hello, Gio Urshela). They coasted to 103 wins and a division title, defeated the Minnesota Twins in the playoffs as they are wont to do, only to see the favor repaid in full by the new powerhouse of the day Houston Astros. The Yankees found themselves booted from the playoffs for the third time in the last five seasons by the Astros, making this pursuit of the ex-Astro Cole feel all the more crazy-eyed. That said, there is rarely a free agent with Cole’s pedigree, and if they’re going to channel the ghost of Steinbrenner and go all-in for a free agent, Cole is a worthy target.

Which is, of course, exactly why interest in the right-hander runs so rampant. As Heyman put it, the Yankees “don’t want to be denied” in their pursuit of Cole, but there is no shortage of contenders, including both LA teams, the Rangers, and the Phillies (who are a little crazy-eyed themselves these days). All five clubs have ample cause to pull out all the stops for Cole – on paper, they’re not alone.

Yankees, Brett Gardner Still Negotiating Contract

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The Yankees are still working with outfielder Brett Gardner on a new contract, Jon Heyman of MLB Network reports on Twitter. It seems the expectation remains that he’ll stay in pinstripes.

The sides have been chatting about a new contract for some time now, but it doesn’t appear as if any doubt has arisen as to their mutual intentions. Per Heyman, the Yanks have put another offer on the table to Gardner and his reps.

It’s unknown what kind of price points are being haggled over. Gardner earned $7.5MM last year and hasn’t taken home a single-season salary of over $13.5MM during his dozen years in New York. It’s tough to imagine a new contract departing from that range.

While Gardner is now 36 years of age, he popped a career-high 28 long balls last year. Though he wasn’t alone amidst a leaguewide power outburst, he was productive as compared to the league mean and his own established track record. Gardner’s 115 wRC+ represented a full-season high-water mark. He remains a highly capable baserunner and outfielder as well.

The Yanks got exceptional value on their money last year and figure to do so again. Whether Gardner is interested in multiple years isn’t known, but it stands to reason he’d be able to command two-year offers from other teams. The steady veteran has appeared in at least 140 games in every season since his washed-out 2012. He graded out as the 32nd player on MLBTR’s Top 50 free agent rankings.

Yankees Reportedly Prioritizing Gerrit Cole

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The Yankees have already met this offseason with the top free agent available, Cy Young-caliber right-hander Gerrit Cole. It sounds as if their powwow went well, as the Yankees have a Cole signing atop their list of offseason priorities, Jeff Passan of ESPN reports. While the luxury tax has frequently been an issue for the Yankees since Hal Steinbrenner assumed ownership several years ago, it doesn’t look as if it’ll impede a potential Cole signing. The Yankees “have ownership-level approval to offer him a record-setting deal,” Passan writes.

Along with the Yankees, the Angels – who have been regarded as the favorite to sign Cole – as well as the Dodgers may be lining up for a Cole bidding war, suggests Passan. Offers haven’t come in yet, but the Yankees’ involvement could be an enormous boon for Cole. Even if he doesn’t sign with them, the financially powerful franchise has the money to further drive up bidding for Cole, who’s essentially a shoo-in to ink a contract worth far more than the record pact David Price signed with the Red Sox entering 2016 (seven years, $217MM).

The Yankees haven’t handed out a nine-figure contract in free agency since they added righty Masahiro Tanaka on a seven-year, $155MM payday going into 2014. However, the franchise clearly loves Cole, as it selected him in the first round of the 2008 draft (Cole went to UCLA instead, later becoming the No. 1 overall pick of the Pirates) and tried to trade for him a couple years ago. But the Astros outbid the Yankees for Cole before the 2018 season, and Houston eliminated New York from this fall’s ALCS with Cole’s help. The Yankees, however, have clearly seen enough of Cole dominating in other uniforms, and they look ready to strike now that he’s available in free agency.

The Yankees sent a notable contingent to meet with Cole and agent Scott Boras this week, per Passan, who names general manager Brian Cashman, skipper Aaron Boone, pitching coach Matt Blake and franchise icon Andy Pettitte as those who sat down with him. In the event the Yankees lose out on Cole, though, they haven’t ruled out going after longtime National and reigning World Series MVP Stephen Strasburg, the No. 2 starter on the market. The Yankees have also met with Strasburg, another Boras client.

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