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Gerrit Cole Scheduled To Begin Rehab Assignment On Tuesday

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Reigning AL Cy Young award winner Gerrit Cole is crossing a major milestone as he prepares to return to the big leagues this week, as manager Aaron Boone told reporters (including MLB.com’s Bryan Hoch) that the veteran ace will begin a rehab assignment with Double-A Somerset on Tuesday.

On the heels of a dominant 2023 campaign where he pitched to a 2.63 ERA and 3.16 FIP in 33 starts on a Yankees team that largely struggled, the veteran right-hander appeared poised to once again contend for the AL Cy Young award at the front of the club’s rotation this year. Unfortunately, those plans were scuttled by a bout of elbow inflammation Cole suffered early in Spring Training. That diagnosis led to some early concern that Cole could be faced with surgery, though a meeting with noted surgeon Dr. Neal ElAttrache confirmed that the veteran would be able to avoid surgery. He’s been rehabbing with an eye toward returning prior to the All Star break since then, and today’s news puts him one step closer to that goal.

It’s delightful news for the Yankees, who entered the season with plenty of question marks in their rotation thanks in no small part to Cole being sidelined. Fortunately for fans in the Bronx, those questions have generally been answered with strong performance: the club’s rotation ERA of 2.73 ranks second only to the Phillies among all major league clubs thanks to bounceback campaigns from lefties Nestor Cortes and Carlos Rodon, quality performances from youngsters Clarke Schmidt and Luis Gil, as well as the stable veteran presence of Marcus Stroman. The rotation has been so effective to this point in the season that it actually raised the question of which of the club’s standout performers would be moved to the bullpen to accommodate Cole upon his eventual return.

That question was ultimately answered organically when Schmidt found himself sidelined by a strained lat last week. Schmidt’s injury has put renewed focus on Cole’s rehab process, and assuming all goes well it appears the club should have their ace back into the fold at the major league level in relatively short order. Given the fact that Cole made just one two-inning appearance during Spring Training this year, he’ll need plenty of time to build up to full strength before he returns to the big league mound. Even so, the right-hander could make several rehab starts over the coming weeks and still return to the big league Yankees before the end of the month as long as he avoids any setbacks.

Looking ahead, Cole will join a Yankees team that has taken control of the AL East with a 41-19 record that puts them two games ahead of the Orioles for first place in the division. That jump back into contention after a difficult 2023 season has come thanks to excellent performances from not only the starting rotation but also the club’s superstar outfield duo of Aaron Judge and Juan Soto. Now, the Yankees have the return of a third superstar to their roster to look forward to in the coming weeks in the form of Cole.

Looking ahead to the offseason, the 33-year-old will have the opportunity to opt out of the remaining four years and $144MM on his contract with the Yankees this winter. In the event that Cole decides to exercise that opt-out, the Yankees will have the opportunity to void it by tacking an addition year and $36MM to the end of his deal with the club, effectively bumping the remaining money on the deal to $180MM over five years. Cole’s agent, Scott Boras, discussed the upcoming opt-out back in December and indicated at the time that he expects both Cole to opt out of his end of the deal and the Yankees to void that decision by tacking on the aforementioned extra year.

Of course, that was before the right-hander’s elbow issues cropped up during Spring Training, and it’s at least possible that a tough season for Cole upon his return could lead either side to change their stance on the matter. For his part, Yankees chairman Hal Steinbrenner recently indicated to reporters that he does not consider the club’s current payroll level to be “sustainable,” though it’s unclear if that opinion would impact the club’s decision-making in the event that Cole opts out this winter.

Mets To Designate Omar Narvaez, Acquire Luis Torrens, Option Brett Baty, Christian Scott

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10:20am: The Mets are sending cash to the Yankees in the deal for Torrens, tweets Sherman. Specifically, it’ll be a $100K return for the Yankees.

9:50am: The Mets are shaking up the roster with a broad-reaching set of roster moves. Catcher Omar Narvaez is being designated for assignment, reports SNY’s Andy Martino. His spot on the roster will go to catcher Luis Torrens, who is being acquired from the Yankees and selected to the MLB roster, according to Daniel Alvarez Montes of El Extra Base. Meanwhile, third baseman Brett Baty and righty Christian Scott will be optioned to Triple-A Syracuse, ESPN’s Jeff Passan reports. They’ll be replaced on the roster by infielder Jose Iglesias, whose contract will be selected from Syracuse, and righty Dedniel Nunez, who’ll be recalled from Syracuse, Joel Sherman of the New York Post reports.

It’s a significant slate of roster moves that’ll see the Mets jettison the veteran Narvaez, option two of their top prospects to Triple-A for more seasoning, and thus clear a full runway for Mark Vientos to get an opportunity as the everyday third baseman.

Narvaez, 32, inked a two-year deal worth a guaranteed $15MM in the 2022-23 offseason — the second season of which was a player option. After a lackluster debut campaign in Queens that saw him hit just .211/.283/.297, Narvaez unsurprisingly opted into the second season of his contract. This year’s production has been even more feeble, however. In 69 trips to the plate, Narvaez has managed only a .154/.191/.185 batting line with a dismal 22.2% hard-hit rate.

Prior to his time with the Mets, Narvaez was a quality regular with the White Sox, Mariners and Brewers from 2018-22 — even making an All-Star team with Milwaukee in 2021. That five-year span saw Narvaez bat .254/.337/.397. He was inconsistent with the bat on a year-to-year basis but wound up producing at a roughly league-average level overall during that half-decade run. On top of that, the Brewers — who have a reputation for improving catcher defense — revamped Narvaez’s skill set behind the plate. He rated as one of the game’s worst defenders in 2018-19 with Chicago and Seattle but posted seven Defensive Runs Saved and was worth an even more impressive 19 runs behind the plate in Statcast’s eyes — thanks largely to massive improvements in his framing.

The injury to Francisco Alvarez appeared to create an opportunity for Narvaez to get back to that previous form, but he’s been outhit by the defensively superior Tomas Nido, who returned to the big leagues after being outrighted to Syracuse last season. Nido hasn’t been great at the plate himself — his .233/.260/.370 batting line is well below par — but has handily outperformed his fellow backstop. That’ll allow Nido to stick around in what’ll likely be the lead catching role until Alvarez’s return.

Alvarez suited up for Double-A Binghamton yesterday, kicking off a 20-day window for his minor league rehab assignment. That could make for a short-lived stay on the roster for the newly acquired Torrens. The Mets will choose between him and Nido once Alvarez is ready for activation. In 124 Triple-A plate appearances with the Yankees, the journeyman Torrens hit .279/.339/.469 with five homers and six doubles.

Once a well-regarded catching prospect with the Padres and Mariners, the now-28-year-old Torrens is a career .227/.289/.354 hitter in 807 MLB plate appearances. He has a knack for hard contact, but too many of those well-struck balls are of the grounder variety. A hefty 49.9% of Torrens’ career batted balls in the majors have been on the ground, which is clearly suboptimal for a plodding catcher who ranked in the 24th percentile of big league players in sprint speed from 2022-23, per Statcast.

In Baty and Scott, the Mets are sending two of the organization’s most touted prospects back to the minors. Baty, 24, has now seen MLB action in three straight seasons but has yet to cement himself as the everyday third baseman — or even as a viable big league bat. This year’s .225/.304/.325 batting line is 12% worse than average, by measure of wRC+, but nonetheless stands as his most productive season in the big leagues. Since making his debut late in the 2022 season, Baty carries a .214/.281/.325 line in exactly 600 plate appearances.

Baty, the No. 12 pick in the 2019 draft, has been particularly cold of late, tallying just six hits in his past 54 trips to the plate. He’s considered a superior defender to the also-24-year-old Vientos, but Vientos’ bat has been too loud for the Mets to ignore. Also long considered one of the organization’s better prospects, Vientos is hitting .295/.354/.591 with three homers in just 48 plate appearances. The former No. 59 overall pick’s performance emphatically warrants greater playing time. With Baty sent to Triple-A, he’ll receive that chance and could well establish himself as a long-term corner option for the Mets with a strong showing.

Scott, who’ll turn 25 in a couple weeks, has pitched well through his first five MLB starts. In 27 2/3 frames, he’s worked to a 3.90 ERA with a 22.3% strikeout rate and excellent 5.4% walk rate. However, the right-hander was a reliever in college whom the Mets have moved into a rotation role since turning pro. He’s thus never worked a full starter’s workload, with last year’s 87 2/3 frames standing as a career-high. The Mets have multiple off-days on the schedule in the near future, lessening the need for rotation arms. As such, they’ll send Scott to Syracuse, where they can more easily manage his innings and simultaneously afford the big league club an extra reliever.

Passan does note that Scott is expected to return to the big leagues before long. His promotion to date certainly warrants that. And if the Mets continue on their current trajectory, it wouldn’t at all be surprising to see other members of the rotation dangled in trade scenarios. For now, Luis Severino, Sean Manaea, Jose Quintana, Tylor Megill and David Peterson are lined up to make the next five starts. Severino is on a one-year deal, while Manaea has a opt-out at season’s end and Quintana is in the second season of a two-year contract.

In place of Baty, the Mets will turn to the veteran Iglesias. He’s carved out a reputation as a plus defensive shortstop with good contact skills but minimal impact when he does put bat to ball. Iglesias didn’t play in the majors last season but is a career .279/.319/.382 batter in more than 4000 plate appearances. He’s come to the plate 175 times in Syracuse this season and turned in a .273/.309/.442 slash.

Iglesias will give the Mets a true backup shortstop to Francisco Lindor, something they previously lacked, and is plenty capable of spelling Vientos at the hot corner or stepping in for Jeff McNeil at second base even if the overwhelming majority of his career has been spent at shortstop.

As for Nunez, this will mark his third stint with the Mets already this year. He was up earlier this week as the 27th man for a doubleheader and also had a four-game run earlier in the season. He’s pitched 8 1/3 innings over five appearances, holding opponents to three runs on seven hits and three walks with 13 strikeouts.

Yankees Shut Down Clarke Schmidt For 4-6 Weeks

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The Yankees are shutting down starter Clarke Schmidt for 4-6 weeks. Manager Aaron Boone announced the news to the New York beat before tonight’s game with the Angels (X link via Bryan Hoch of MLB.com). Schmidt underwent an MRI yesterday and landed on the 15-day injured list with a lat strain this afternoon.

Schmidt’s absence will extend well beyond the minimum. He’s almost certainly out through the All-Star Break at this point. There’s a good chance he doesn’t return until after the trade deadline. Even in the best case scenario where Schmidt is able to begin a throwing program in the first half of July, he’ll need multiple weeks to return to MLB readiness. He’ll go through bullpen sessions and live batting practice before heading on a minor league rehab stint that’ll likely require at least two or three starts.

It halts what had been an excellent start to the season for the South Carolina product. Schmidt has a 2.52 ERA over 11 starts, punching out more than 27% of opposing hitters. He had performed at a back-of-the-rotation level in 2023, when he allowed 4.64 earned runs per nine over 33 appearances. Schmidt was building a reasonable All-Star case, a major reason why the Yankees have an AL-best 38-19 record.

[Related: The New and Improved Clarke Schmidt]

New York’s rotation has been stellar despite losing Gerrit Cole to elbow inflammation in Spring Training. Only the Phillies have a better ERA from their starting staff than the Yankees’ 2.69 mark. New York starters also trail just Philadelphia in strikeout rate and are behind the Phils, Mariners and Royals in innings.

That’s a remarkable couple months for a team operating without the defending AL Cy Young winner. They have had essentially perfect health following Cole’s injury. Nestor Cortes, Marcus Stroman, Carlos Rodón, Luis Gil and Schmidt have taken all but one start. The Yankees will face some rotation uncertainty for the first time since March.

Cody Poteet took the lone other start, working six innings of one-run ball against the Guardians as part of a doubleheader on April 13. Poteet is the first choice to step into Schmidt’s rotation spot; Boone announced that the right-hander will take the ball in San Francisco on Saturday. While Poteet has been on the minor league injured list for a week because of a blister, he’s expected to be ready two days from now.

The Yankees signed Poteet to a split contract in January. The 29-year-old righty turned in decent numbers in 58 2/3 innings for the Marlins between 2021-22. He underwent Tommy John surgery in August ’22, leading Miami to cut him loose. That the Yankees gave him a 40-man roster spot was a surprise, but he’s thus far rewarded their faith with an impressive two months in Triple-A. Over seven starts for Scranton/Wilkes-Barre, he has a 4.05 ERA with a 28.1% strikeout percentage and a solid 8.1% walk rate.

Poteet may only need to hold a starting spot for a couple weeks. Cole has been throwing for more than a month and is closing in on a rehab assignment. Boone said that the six-time All-Star could head out on a minor league stint as soon as next week (relayed on X by Chris Kirschner of the Athletic). He’ll need to make multiple starts but could be back at Yankee Stadium by the latter half of June.

Schmidt’s injury doesn’t immediately look as if it’ll impact the Yankees’ approach to the deadline. By late July, New York could have a rotation of Cole, Rodón, Stroman, Cortes and Gil with a Schmidt return on the horizon. That’d be one of the strongest units in the majors. Any more injuries would test the depth, though, particularly with Gil’s 63 1/3 innings already well beyond his combined workload of 2022-23 because of May ’22 Tommy John surgery.

Yankees Place Clarke Schmidt On Injured List

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The Yankees announced today that right-hander Clarke Schmidt has been placed on the 15-day injured list, retroactive to May 27, with a right lat strain. Right-hander Cody Morris has been recalled in a corresponding move.

At this point, the full details of the injury aren’t clear. Schmidt started for the Yankees in San Diego on Sunday and all seemed fairly normal, as he tossed 101 pitches over five innings. It seems that Schmidt either felt sore after that start or perhaps aggravated something during a bullpen session. The club will likely provide more details about the issue and his expected absence in due time.

Regardless of how long Schmidt is out of action, this will interrupt what was shaping up to be a brilliant breakout season, something that MLBTR’s Steve Adams recently took a detailed look at. Thanks to some adjustments to his pitch mix, Schmidt has been able to have far better results this year than in the past.

Last year, he made 33 appearances for the Yanks, 32 of those being starts. He tossed 159 innings, allowing 4.64 earned runs per nine. He struck out 21.5% of batters faced while giving out walks at a 6.6% rate. Here in 2024, he’s thrown 60 2/3 innings over 11 starts with a 2.52 ERA, 27.1% strikeout rate and 8.1% walk rate.

That tremendous improvement has been huge for the Yankees, as they have been without their ace Gerrit Cole all year so far. Cole has been battling elbow inflammation since the spring but the rest of the rotation has stepped up in his absence. In addition to Schmidt’s strong work, each of Carlos Rodón, Nestor Cortes and Marcus Stroman have bounced back from injury-marred seasons in 2023. None of that trio has an ERA higher than 3.30 this season. Luis Gil, who hardly pitched in the past two years due to Tommy John surgery, has a 1.99 ERA so far.

That the Cole-less rotation has been so strong is a big reason why the Yankees are 38-19, the best record in the American League. Now they will have to reach beyond that starting group for essentially the first time this year. Cody Poteet started the second game of a doubleheader on April 13, but apart from that, every Yankee game this year has been started by the fivesome of Schmidt, Rodón, Cortes, Stroman and Gil.

Cole has yet to begin a rehab assignment and is therefore still weeks away. JT Brubaker, recovering from Tommy John surgery, hasn’t yet begun a rehab assignment either. Luke Weaver has plenty of starting experience but has been in a leverage role this year, earning seven holds, including five this month. Poteet and Clayton Beeter are on the minor league injured list. Yoendrys Gómez was just optioned three days ago and can’t be recalled for a 15-day period unless directly replacing an injured player. Will Warren is one of the club’s best pitching prospects but he has an ERA of 8.53 in Triple-A this year and isn’t yet on the 40-man roster.

How the Yanks play things will remain to be seen. They have an off-day on Monday and could perhaps do some kind of bullpen day on Saturday, when Schmidt was scheduled to start, before coming up with a better long-term solution next week.

Kevin Smith Accepts Outright Assignment With Yankees

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May 29: The Yankees clarified on Wednesday that Smith has decided to accept the outright assignment. He’ll head back to Scranton and await another opportunity in the Bronx.

May 28: DJ LeMahieu is set to make his season debut, as the Yankees reinstated him from the 60-day injured list before tonight’s game in Anaheim. New York outrighted infielder Kevin Smith off the 40-man roster in a corresponding move; Smith has already elected minor league free agency in lieu of an assignment back to Triple-A Scranton/Wilkes-Barre. New York also activated reliever Ian Hamilton from the COVID-19 list after optioning Yoendrys Gómez on Sunday.

LeMahieu is at third base and hitting ninth against Griffin Canning. He should take over more or less every day at the hot corner now that he’s back from the foot injuries that cost him the first two months of the season. LeMahieu broke a bone in his right foot on a foul ball at the tail end of camp. The team tried to get him back in late April, but he felt renewed soreness immediately after embarking on a rehab stint. That shut him down again for another couple weeks, but LeMahieu has gotten through six minor league games dating back to May 17.

Third base has been a rare question mark amidst one of the game’s most potent offenses. While Oswaldo Cabrera got out to a strong start to the season, he’s hitting .230/.273/.295 in 66 plate appearances over the past month. Spring Training trade acquisition Jon Berti has been limited to 17 games around a pair of injured list stints. The speedy utilityman went on the 10-day IL over the weekend with a left calf strain. He’ll be out well beyond the minimum, telling reporters this evening that he could miss between six and eight weeks (X link via Greg Joyce of the New York Post).

LeMahieu is coming off a league average offensive performance in 2023. He hit .243/.327/.390 across 562 plate appearances. His performance improved over the course of the year. LeMahieu carried a meager .220/.285/.357 line into the All-Star Break before posting a .273/.377/.432 slash in the second half. He’s unlikely to recapture his 2019-20 form as he approaches his 36th birthday, though he should still be an upgrade over Cabrera, who fits better in a multi-positional role off the bench.

Smith, a New York-area native, signed a minor league contract with the Yankees over the offseason. He played in 29 games with the RailRiders, hitting .204/.270/.286 while striking out 41 times in 111 trips to the plate (a 36.9% rate). The Yanks called him up twice as utility depth. He appeared in two games as a pinch runner and didn’t take an at-bat at the major league level.

The Yankees had already outrighted the 27-year-old once this season, sending him through waivers in April. That gave him the right to test free agency this time around, as is the case for all players with a previous career outright. It’s not uncommon to see players circle back to their previous organization on a minor league contract after electing free agency, but Smith and his camp could look for a non-roster deal elsewhere now that LeMahieu is healthy. One of four players whom the A’s acquired from the Blue Jays in the Matt Chapman deal, Smith is a .173/.215/.301 hitter in 333 MLB plate appearances.

MLBTR Podcast: Ángel Hernández Retires, Ronald Acuña Jr. Out For The Season And Roki Sasaki’s Potential Posting

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Steve Adams of MLB Trade Rumors to discuss…

Plus, we answer your questions, including…

  • Could the next collective bargaining agreement have a feature to get relievers paid earlier? (43:15)
  • Would Taylor Ward of the Angels be a good fit for the Braves? (50:35)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Royals Return Rule 5 Pick Matt Sauer To Yankees

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The Yankees announced this afternoon that right-hander Matt Sauer had been returned to the organization by the Royals. The 25-year-old was selected by Kansas City with the second-overall pick in the 2023 Rule 5 Draft but was designated for assignment earlier this week. Evidently, Sauer cleared waivers, meaning the Royals had to offer Sauer back to New York for $50K. The Yankees pulled the trigger on that offer and have assigned him to Triple-A.

Sauer was New York’s second-round pick in the 2017 draft and had spent his career prior to the 2024 season climbing the minor league ladder before ultimately topping out at the Double-A level. The righty was impressive in 14 appearances (13 starts) at the level last year as he pitched to a 3.42 ERA with a 29.5% strikeout rate in 68 1/3 innings of work. That performance was clearly enough for the Royals to take a shot on Sauer, and he impressed in 10 2/3 innings of work during Spring Training with a 2.53 ERA and 13 strikeouts.

That spring performance was enough for the Royals to offer Sauer a spot on their Opening Day roster, and he responded by delivering solid results throughout the month of April with a 2.38 ERA in 11 1/3 innings of work. That being said, Sauer’s peripherals left something to be desired as evidenced by his 17% walk rate and 9.4% strikeout rate during that time. Unfortunately, Sauer’s results began to catch up to his peripherals in May as he was lit up to the tune of a 19.80 ERA in five appearances throughout the month, prompting the club’s decision to designate him for assignment.

Were the Royals still the rebuilding club many expected them to be entering the 2024 campaign, it’s possible they would have retained Sauer on the roster for longer in hopes he could right the ship. Unfortunately for the righty, Kansas City has played like anything but a rebuilding club this year with a fantastic 34-19 record that puts them in control of the top AL Wild Card spot and just 1.5 games back of the Guardians for first place in a surprisingly competitive AL Central division. Given the Royals arrival as contenders, the club evidently decided they could not afford to hide Sauer in its final bullpen spot.

That’s great news for the Yankees, who were able to re-acquire Sauer when he went unclaimed on waivers. Now back in the minors with his original club, Sauer figures to continue his development at the Triple-A level and await his next big league opportunity while serving as non-roster depth for New York alongside non-roster veterans such as Phil Bickford and Duane Underwood Jr.

AL East Notes: Cole, Springs, Vavra

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The Yankees have been without reigning AL Cy Young award winner Gerrit Cole for the entire season to this point as he works his way back from a bout of elbow inflammation, though that hasn’t stopped the club from storming out of the gate to an excellent 37-17 record. The club’s starting five of Nestor Cortes, Carlos Rodon, Marcus Stroman, Clarke Schmidt, and Luis Gil have all excelled in Cole’s absence, with Cortes’s 3.29 ERA (122 ERA+) standing as the weakest of the group.

Strong as the rotation has been without Cole, the Yankees are surely anxious to get their ace back into the fold. As one of the most dominant starting pitchers in the game today, Cole has posted a 3.08 ERA (136 ERA+) and 3.27 FIP in four seasons with the Yankees including an AL-best 2.63 ERA with a 3.16 FIP across 209 innings of work last year. Fortunately for the club, it seems Cole is making significant progress in his recovery. Erik Boland of Newsday reported yesterday that Cole threw all of his pitches during a 30-pitch bullpen session and touched the club-imposed velocity limit of 95 mph a few times throughout the session. Chris Kirschner of The Athletic added that Cole could begin a rehab assignment as soon as this coming week, depending on how he bounces back from yesterday’s outing.

That’s exciting news for the Yankees, although Cole would likely need a fairly lengthy rehab assignment in order to build up to a starter’s pitch count before he can return to the club. Cole’s return will give the Yankees something of a logjam in the starting rotation, as none of the club’s current options deserve to be removed from the mix based on their performance. It’s possible that Clarke Schmidt’s previous experience in the bullpen could make him a candidate to be moved out of the rotation in favor of Cole, though the club could also simply opt to utilize a six-man rotation for the time being.

More from around the AL East…

  • Rays left-hander Jeffrey Springs was pulled from a rehab start in the minor leagues yesterday due to left shoulder tightness, as noted by Kristie Ackert of the Tampa Bay Times. Springs underwent Tommy John surgery in April of 2023 and is just two appearances into his rehab in the Florida Complex League. It’s not yet clear if Springs’s shoulder issue is a particularly serious one, but a setback in his rehab would be an unfortunate turn of events for both player and club. The 31-year-old sports an incredible 2.34 ERA ERA in 28 starts for the Rays since the start of the 2022 season and figures to help anchor the club’s rotation once healthy. In the absence of Springs, Shane McClanahan, and Drew Rasmussen this season, Tampa has relied heavily on young, unproven arms such as Taj Bradley, Ryan Pepiot, and Zack Littell.
  • Orioles infielder Terrin Vavra missed most of the 2023 season due to what was at the time referred to as a shoulder strain, but Roch Kubatko of MASN relays that, per Vavra, his injury woes last season were much more serious than previously reported. Vavra was diagnosed with a torn labrum in his right shoulder back in September and underwent surgery on the issue later that month. Vavra’s shoulder woes last season could help to explain the 27-year-old’s struggles at the plate last year, when he slashed just .245/.315/.245 in 56 trips to the plate without recording an extra base hit despite a solid rookie performance in 2022. Vavra was outrighted off the Orioles’s 40-man roster during the offseason but remains in the organization as a potential depth option now that he’s healthy, though the club’s deep infield mix seemingly leaves him blocked at the big league level.

Yankees Select Kevin Smith

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The Yankees announced this afternoon that they’ve selected the contract of infielder Kevin Smith. Smith will take the roster spot of Jon Berti, who the club placed on the 10-day injured list due to a left calf strain. Making room for Smith on the 40-man roster is DJ LeMahieu, who was transferred to the 60-day injured list.

Smith, 27, was a 4th-round pick by the Blue Jays back in 2017 and made his big league debut with the club in 2021, though he hit just .094/.194/.188 in 36 plate appearances with Toronto that season. Smith is perhaps most notable for being part of the four-player package the Blue Jays sent to Oakland in exchange for then-A’s third baseman Matt Chapman prior to the 2022 season. Smith would go on to appear in 96 games for the A’s over the 2022 and ’23 campaigns but again struggled to hit at the big league level as he posted a paltry .183/.218/.314 slash line in 297 trips to the plate as a member of the Athletics.

That meager offensive performance was enough to convince the A’s to non-tender Smith back in November, though he eventually joined the Yankees on a minor league deal back in January. This is actually Smith’s second stint with the big league club this year, as he was already called up once earlier this year the first time the club placed Berti on the shelf back in mid-April. Unfortunately for Smith, he ultimately made just one appearance in a Yankees uniform during that stint with the club and failed to record even one plate appearance before being designated for assignment and outrighted to Triple-A.

It’s possible this stint in the majors could be a similarly brief one as well. After all, the Yankees also announced earlier this afternoon that LeMahieu’s rehab assignment has been transferred to Triple-A and MLB.com’s Injury Tracker notes that manager Aaron Boone expects LeMahieu to rejoin the club at some point during their three-game set against the Angels that begins on May 28. LeMahieu’s initial IL placement was retroactive to March 25, meaning that today’s transfer to the 60-day IL is a purely procedural move that has no bearing on when the Yankees can activate him.

LeMahieu’s return from the shelf will be a huge relief for the Yankees, as they’ve struggled to get much production from much of their infield mix this year. Anthony Volpe has been excellent at shortstop this season while veteran first baseman Anthony Rizzo has held his own with a roughly league average slash line, but Gleyber Torres has struggled badly at the plate while acting as the club’s regular second baseman with a .221/.298/.318 slash line in 219 trip to the plate so far this year. It can be argued that Torres’s overall track record an above-average bat should earn him the opportunity to bust out of his slump, but the same can’t be said for Oswaldo Cabrera, who got off to a blazing start at the hot corner this year but has struggled badly over the past month with a .208/.253/.260 slash line in his last 25 games.

The club’s struggles to get offensive production from their infield mix are compounded by the loss of Berti, who was ice cold in six games with the club prior to being placed on the injured list in April but has heated up considerably in the month of May with a .306/.359/.389 slash line in 11 games. That production in conjunction with Berti’s experience all over the diamond except for first base and behind the plate made Berti a strong bench contributor to the Yankees’ scuffling infield, but now they’ll be without him for the foreseeable future. The Yankees have not yet announced a timeline for Berti’s return, although the utility man was seemingly unable to put weight on his leg while exiting last night’s game in the ninth inning, as noted by MLB.com.

Steinbrenner: Current Payroll “Not Sustainable”

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With a 35-17 record that leads AL clubs and trails only the Phillies in the NL, the Yankees have been among the very best teams in baseball to start the 2024 campaign. That being said, all that winning has come at a price: RosterResource pegs the club’s payroll at a whopping $302MM this season, trailing only the Mets and Dodgers for the third-highest in the league while surpassing the fourth-place Phillies by nearly $60MM. It appears that club chairman Hal Steinbrenner doesn’t plan to keep payroll at those top-of-the-line levels, however, as he told reporters (including Dan Martin of the New York Post) yesterday that payroll will be coming down in the future.

“I’m gonna be honest, payrolls at the levels we’re at right now are simply not sustainable for us financially,” Steinbrenner said, as relayed by Martin.

He went on to point to the luxury tax as a limiting factor on the club’s spending. New York’s payroll is just over $312MM for luxury tax purposes this season. As a club that has gone over the lowest threshold more than two seasons in a row, the Yankees are subject to a tax that escalates from 50% to 110% of the overage above the league’s base threshold of $237MM. That figures to put them on the hook for more than $58MM in luxury tax obligations this offseason, a figure that could increase further depending on midseason additions and contract incentives. That’s a hefty bill, particularly considering the fact that (as noted by Cot’s Baseball Contracts) the club’s 2024 payroll breaks the franchise record payroll of roughly $278MM that was set just last season. Prior to the last two seasons, the club’s payroll generally set in the $200MM and $250MM range.

Scaling back payroll could be feasible for the for the Yankees somewhat naturally, as the club has just under $182MM in guaranteed money on the books for next year per RosterResource. That figure does not factor in arbitration-level contracts for players such as Nestor Cortes, Jose Trevino, and Clarke Schmidt, nor does it include the possibility of the club picking up options on the services of veterans like Anthony Rizzo and Luke Weaver. Even considering that, however, it’s reasonable to expect the Yankees to have some room to cut down payroll and still add in free agency this winter.

Of course, the elephant in the room regarding the coming free agent class is superstar youngster Juan Soto, who is slated to hit free agency this fall ahead of his age-26 season. Acquired from the Padres in a blockbuster swap back in December, Soto has been everything the Yankees could have hoped for in his first 51 games with the club, slashing an incredible .313/.409/.569 with a 15.1% strikeout rate, a 14.2% walk rate, and 13 homers in 232 trips to the plate. Given how vital a one-two punch of Soto and Aaron Judge has been to the club’s success this winter, it’s hard to imagine the Yankees not aggressively pursuing a long-term deal with their newly-acquired star.

Steinbrenner himself indicated recently that he hopes to see Soto remain with the club “for the rest of his career,” suggesting that the Yankees at least plan to make an effort to retain him beyond this season. With Soto widely expected to land a contract that rivals the $460MM net present value of the Shohei Ohtani deal from this past offseason, it would seemingly be difficult to significantly lower the club’s payroll while retaining Soto via what could be a massive raise over his current $31MM salary.

That’s not to say it can’t be done, of course. Steinbrenner’s comments also made note of the club’s ability to retain Soto, as he noted that the club has a “considerable amount” of money coming off the books this winter in comparison to last year. Gleyber Torres and Alex Verdugo are both pending free agents who have combined to make more than $20MM this season, and it’s feasible to imagine the Yankees allowing the pair to walk in free agency before offering their roles to younger players such as Oswald Peraza and Jasson Dominguez.

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