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Yankees Notes: Cano, Granderson, Jay-Z

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Robinson Cano's agent, Jay-Z, may have inadvertently violated the MLBPA's agent regulations by giving his client a $33,900 watch as a birthday gift, according to ESPN's Jerry Crasnick.  The regulations state the following: "No Player Agent or Applicant shall provide, cause to be provided or promise to provide, any money or any other thing of value to any player, or any person related to or associated with such player, the purpose of which is to induce or encourage such player to use or continue to use any person's or firm's services as a Player Agent, Representative, or Draft Advisor.''  Agents are allowed to give their clients gifts, but anything with a value over $500 must be reported, writes Crasnick.  Here's more on the Bombers…

  • Cano's $300MM asking price was the cost for the Yankees to keep him from hitting free agency, not his contract demands for right now, writes Ken Rosenthal of FOX Sports.  The ten-year, $300MM proposal was given to the Bombers before the All-Star break.  Meanwhile, a return to the Bronx is still the most likely outcome, Rosenthal writes.
  • In a radio interview earlier today, Curtis Granderson said he is considering accepting the Yankees' qualifying offer of $14.1MM, echoing what his agent said last week, writes Anthony McCarron of the New York Daily News.  "Well, it's definitely something you've got to think about and I appreciate the Yankees extending that offer to me," Granderson said during an appearance on MLB Network Radio on SiriusXM. 
  • In today's mailbag, Bryan Hoch of MLB.com addresses the Yankees' potential pursuit of McCann and their bid to avoid the luxury tax.

Steve Adams contributed to this post.

Yanks Made Preliminary Inquiry On Brandon Phillips

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Preparing themselves in the event that Robinson Cano signs elsewhere, the Yankees have placed a preliminary call to the Reds on Brandon Phillips, reports Jon Heyman of CBS Sports. Cincinnati's asking price for Phillips is said to be "way too steep" according to Heyman.

Phillips, 32, batted .261/.310/.396 with 18 home runs this season but was involved in a pair of ugly PR incidents: one in which he publicly complained about how the Reds handled his contract negotiations and another in which went on a tirade against a Cincinnati reporter for pointing to his low on-base percentage. He is owed $50MM over the final four years of his six-year, $72.5MM contract.

Reports from this past weekend indicated that the Yankees made a similar preliminary inquiry on free agent Omar Infante. The Yankees are still considered the favorites to re-sign Cano this offseason, but it's not surprising to see GM Brian Cashman doing his homework in the event that another team swoops in and lands the All-Star second baseman.

Latest On Brian McCann

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One catcher is already off the market with the news that the Rangers have re-signed Geovany Soto to a one-year, $3.05MM contract, but the biggest fish on that market is likely to take his time. As it stands right now, the Red Sox, Yankees and Rangers could all be players for McCann.

Agent B.B. Abbott of Jet Sports Management tells Scott Lauber of the Boston Herald that the Red Sox would be a consideration if Jarrod Saltalamacchia signs elsewhere:

"Certainly Boston is a city that Brian likes, and he has always respected the organization and the front office," said Abbott. "Obviously, the coaching staff and clubhouse unity is attractive. He has also always been fascinated with the fan base, their support of the Red Sox and the history of the organization. Boston would certainly be a place that would be a consideration for Brian."

Abbott wouldn't comment on whether or not the Red Sox have actually reached out regarding McCann, but Andy McCullough of the Star Ledger reports that the Yankees indeed have contacted Abbott regarding the longtime Braves backstop. McCullough spoke with a pair of rival executives who believe that the bidding for McCann could top $100MM, which would be a stark increase from the five-year, $80MM deal predicted by MLBTR's Tim Dierkes in his free agent profile of McCann.

Andy Martino of the New York Daily News echoes the report on the Yanks' interest, adding that the Red Sox and "especially" the Rangers are expected to be serious competitors for Yankees GM Brian Cashman in his pursuit of McCann (Twitter link).

McCann is coming off his seventh straight 20-homer season despite starting the year on the disabled list. The seven-time All-Star made a bid for his sixth Silver Slugger award by hitting .256/.336/.461 in 2013.

Yankees Make Qualifying Offers To Cano, Granderson, Kuroda

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The Yankees made qualifying offers to Robinson Cano, Curtis Granderson, and Hiroki Kuroda, according to a team press release.

As the top free agent on the market, making the $14.1MM qualifying offer to Cano was a no-brainer and ensures the Yankees will at least receive a draft pick if he signs elsewhere.  Kuroda was considered likely to get a qualifying offer, after the 38-year-old posted a 3.31 ERA in 201 1/3 innings.  There is a chance he could accept, although that would be a mild pay cut from this year's $15MM.  

Granderson was the biggest question mark, after a couple of broken bones limited the slugger to 61 games this year.  Agent Matt Brown recently admitted to Anthony McCarron of the New York Daily News there's "definitely a possibility" of his client accepting the offer.  I think Granderson will decline, however, as he can still do well in the free agent market with a draft pick attached.  Granderson has until 4pm central time on November 11th to decide whether to accept.

To keep track of all of today's qualifying offers, check out MLBTR's Free Agent Tracker and filter by Qualifying Offer Type.

Yankees Interested In Infante If Cano Signs Elsewhere

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Though the Yankees remain the odds-on favorite to employ star second baseman Robinson Cano for the foreseeable future, GM Brian Cashman has reached out to Omar Infante as a fall-back option, report George A. King III and Ken Davidoff of the New York Post. Cashman was vague when approached for comment by the Post, and there is no reason to believe that this report indicates any change in Cano's status.

Infante, who played the last two seasons with the Tigers, is represented by Mato Sports Management. The interest from the Yanks is a second bit of good news for his open market status, since we just learned that the team signing him will not be required to give up draft pick compensation to do so. (Of course, the $14.1MM payday he could have had on a one-year deal might also have been enticing.)

The soon-to-be 32-year-old put up an excellent .318/.345/.450 line in 476 plate appearances last year, leading MLBTR's Tim Dierkes to peg his free agent value at three years and $25MM. But that number could rise if Cano bucks expectations by spurning the Yanks and signing with a team that does not have an obvious need at the keystone, leaving New York amongst the clubs vying for the market's second-best second bagger. That is probably the best case scenario for Infante, who otherwise will likely market his services to teams, like the Royals, that figure to dabble in the mid-tier market.

AL East Notes: Red Sox, Lester, Granderson, Feldman

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The Red Sox recipe for a championship has been discussed extensively, ever since it became clear that the team was going to be a real contender. But how does it work as a model for other teams? The New York Post's Joel Sherman, for one, thinks it was a one-time stroke. (He compares the lasting power of GM Ben Cherington's mid-tier free agent binge unfavorably to that of the Macarena.) As Sherman well explains, the circumstances for Boston's worst-to-first turnaround are fairly unique, including the Sox' preexisting talent base and nigh-unbelievable success rate in its free agent signings. While teams are likely to have taken account of the lessons that Cherington taught in occupying the market's midsection, says Sherman, no single one can replicate it. And teams will find their dollars won't go quite as far as did Boston's last time around. More from the American League East:

  • Boston had an offer on the table from the Royals that would have sent Jon Lester to KC in exchange for Wil Myers, reports the Boston Herald's Scott Lauber. When the Sox asked for time to think, Kansas City instead used Myers to bring back James Shields from the Rays. Lauber says that the Red Sox are lucky not to have acted on that tempting trade offer, arguing that Lester has turned into an "undisputed ace." While there is no question that Lester played a critical role in the team's World Series run, that characterization might be subject to some debate — Lester was tied with Jhoulys Chacin for 16th in fWAR among qualified starters this year, but ranked 52nd in ERA and 41st in FIP. 
  • On the other hand, Lester is eighth among starters in cumulative fWAR since 2008, making clear that he has been both excellent and durable. Lauber goes on to weight a possible new contract for the sturdy lefty. He points to two possible comparables: the five-year, $85MM deal signed by Jered Weaver of the Angels, and the six-year, $144MM pact handed Cole Hamels. According to Lauber, the Sox should be interested in an extension — in spite of their prospect depth — if they can get Lester for something more like the lesser of those two deals.
  • The Yankees have yet to decide whether to issue outfielder Curtis Granderson a qualifying offer, reports Anthony McCarron of the New York Daily News. Perhaps hoping to deter just that possibility, Granderson's agent Matt Brown said that "there's definitely a possibility" that his client would accept an offer. Of course, he also emphasized that Granderson remains "a pretty elite guy" who will be sought after on the free agent market. MLBTR's Steve Adams predicts that the market will value him in the three-year, $45MM range. A qualifying offer, and subsequent rejection of same, still seems the likeliest scenario.
  • Orioles GM Dan Duquette may have a lot of free agents clearing the books, but that doesn't mean he'll be rushing to act on most of them, says the Baltimore Sun's Dan Connolly. Mid-season starter acquisition Scott Feldman is the top target among them for a Baltimore club that does not figure to flash too much cash on the market, Connolly explains, but the O's aren't likely to go past two years for him. 

Cafardo On Free Agency, Price, Nathan, Lackey

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Free agents are not allowed to negotiate with all 30 MLB clubs until 11:01 pm (CT) Monday, but agent Scott Boras says his phone was ringing off the hook regarding Jacoby Ellsbury and Stephen Drew within hours of the Red Sox winning the World Series, reports Nick Cafardo of the Boston Globe. The Yankees will be the most interesting team during free agency, according to Cafardo, but will be hamstrung until a decision is made on Alex Rodriguez's appeal. Cafardo also lists the Phillies, Tigers, Giants, Orioles, Blue Jays, and Rangers as active participants in the free agent market. In other tidbits from his Sunday Baseball Notes column:

Minor Moves: Jacobs, Herndon, LaRoche, Lalli, Bourgeois, Humber

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Today's minor moves can be found right here in this post …

  • Among the many re-signings of players otherwise eligible for minor league free agency reported by Matt Eddy of Baseball America are first baseman Mike Jacobs, who will stay with the Diamondbacks, and reliever David Herndon, who the Yankees have re-signed. Neither saw big league action this year. Jacobs put up a nice .296/.366/.533 line in 514 Triple-A plate appearances in his age-32 season, while Herndon, now 28, was good for a 2.78 ERA in his 35 2/3 innings across the Yanks system.
  • Third bagger Andy LaRoche has signed with the Blue Jays, Eddy reports on Twitter. The 30-year-old younger brother of Nats' first baseman Adam LaRoche played in just one game with Toronto last year, and has not been a regular big league contributor since leaving the Pirates after the 2010 season.
  • Catcher Blake Lalli has caught on with the Diamondbacks, Eddy notes in the same link. Also thirty years of age, Lalli has only forty uneventful MLB plate appearances. Playing at Triple-A for the Brewers last year, he put up a .282/.334/.447 line in 311 plate appearances.
  • The Reds have signed 31-year-old outfielder Jason Bourgeois, Eddy reports on Twitter. Bourgeois saw limited time with the Rays last year. His career big league line stands at .259/.305/.326 in 515 plate appearances over parts of six seasons, including 51 stolen bases.
  • Right-handed starter Philip Humber, 30, has inked a deal with the Athletics, reports Eddy (via Twitter). The once-perfect Humber had his option declined by the Astros early last month.
  • Righty Fabio Martinez signed with the Dodgers, per another Eddy tweet. The longtime Angel farmhand last worked in the Indians system, but has never managed to harness his live arm and posted BB/9 totals of over ten in 2012-13. 
  • Pitcher Trevor Reckling has signed with the Reds out of independent league ball, Eddy tweets. He played six seasons in the Angels' system, reaching Triple-A at age 21 before moving the wrong way down the ladder. Noted as a reclamation project for the White Sox before the 2012 year, Reckling will give it one more go in Cinci.
  • The Rockies re-signed minor league second baseman Angelys Nina in a move designed to keep him from reaching the open market as a minor league free agent, tweets Eddy. Nina managed a .280/.331/.422 line in his second go-round at Tulsa, adding ten home runs and nineteen steals.
  • Outfielder Chris Dickerson and first baseman Dan Johnson, each of whom were outrighted on Thursday, have refused their assignments and elected to become free agents, according to an Orioles press release yesterday. 
  • Remember to check MLBTR's DFA Tracker for updates on players designated for assignment around baseball. Currently, only Tommy Layne is sitting in DFA limbo.

Yankees Re-Sign Jeter To One-Year, $12MM Deal

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8:07pm: It is not yet clear whether the Jeter accounting saga is resolved, but Sherman has provided a full breakdown of what is apparently the most convoluted Competitive Balance Tax calculation yet encountered. The net, Sherman reiterates, is that Jeter's player option would have registered an approximately $10.75MM hit, while his new deal will count for $12.81MM.

You'll need to read the piece for the complete details, but the causal agent in this odd scenario is a CBA provision that addresses contracts, like Jeter's, that have cheap options attached. Pursuant to that (unspecified) clause, Sherman says, the Yanks were charged a prorated portion of the option year value in each of the first three years of the deal, which in turn required yet more maneuvering in calculating the present cap hit.

4:07pm: Sherman tweets that the MLBPA is arguing with the Commissioner's Office over how the luxury tax calculations are being handled, adding that new numbers are coming.

Ken Rosenthal of FOX Sports chimes in, noting that the contract now will save the Yankees a bit of money over what the option would have saved. The Yankees will save roughly $1MM, with $12.8-$13.2MM counting against the luxury tax for reasons that are "too complicated to explain," as Rosenthal puts it (all Twitter links).

1:36pm: Joel Sherman of the New York Post reports that the common belief that this deal saves the Yankees from the luxury tax threshold is a misconception. According to Sherman, given the way that the luxury tax is computed, this deal will count more significantly against the luxury tax than Jeter's player option would have. Had Jeter exercised that option, $10.75MM would have gone against the luxury tax in 2014, says Sherman, but this new deal will count $12.8MM toward the luxury tax (Twitter links)

12:20pm: The Yankees announced that have re-signed shortstop Derek Jeter to a one-year deal worth $12MM. Jeter, who is represented by Casey Close of Excel Sports Management, had a $9.5MM player option on his previous contract, but this deal will override that option.  Jeter-Derek

The long-time Yankee Captain will turn 40 next June and appeared in just 17 games this season, making the decision to give him a $2.5MM raise on his option a curious one. However, by agreeing to a new deal, Jeter is no longer on his old contract, the average annual value (AAV) of which counted against the luxury tax. Had he exercised his player option, Jeter would've added $6.5MM to the AAV of his three-year, $51MM contract ($3MM of the option was guaranteed in the form of a buyout). Doing so would have raised his AAV to $14.375MM. Instead, his $12MM contract will be the number that counts against the luxury tax, thereby actually saving the Yankees $2.375MM relative to the luxury tax.

Jeter underwent surgery to repair a broken ankle last October and missed the majority of the season recovering from inflammation in his surgically repaired foot. Upon activation, he encountered a pair of DL stints for calf and quadriceps strains. In his 17 games, Jeter batted .190/.288/.254 with a home run. However, he's just one year removed from a campaign that saw him hit .316/.362/.429 with 15 homers en route to his fifth career Silver Slugger award.

The Yankees sorely missed Jeter's production in 2013, as their shortstops combined to bat a woeful .228/.283/.308 on the season. While those numbers do include 17 games of an injury-hobbled Jeter, his bat will be an unquestionable boon to that lineup in 2014, if he's healthy. The Yankees deployed a mix of Jeter, Eduardo Nunez, Jayson Nix, Luis Cruz, Brendan Ryan, Alberto Gonzalez and Reid Brignac at the position in 2013.

By addressing Jeter's situation during the five-day exclusive period following completion of the World Series, Yankees GM Brian Cashman allows himself to focus on other pressing offseason issues, most notably the status of impending free agent Robinson Cano.

Photo courtesy of USA Today Sports Images.

Jeff Todd contributed to this post.

New York Notes: Yankees, Cano, Ellsbury

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As always, New York will be an interesting market to watch this season, highlighted by the Yankees' attempts to re-sign Robinson Cano and the Mets' desire to aggressively participate in the free agent market. Here's the latest on both teams, courtesy of Jon Heyman of CBS Sports and Andy Martino of the New York Daily News…

  • The Yankees have already been linked to big fish like Masahiro Tanaka, Brian McCann, Shin-Soo Choo and Carlos Beltran, but Heyman adds that they've also had internal discussions about Jacoby Ellsbury, Matt Garza and Stephen Drew. As Heyman points out, Drew would be a peculiar target given Derek Jeter's $9.5MM player option for 2014.
  • According to Heyman, the Yankees are still the favorites for Cano, but there's a sizable gap between his eye-popping $305-310MM asking price and the Yankees' current thinking. Heyman says the Yankees have only shown a willingness to go to $160MM or so to this point.
  • According to Martino, no one from either camp has denied the fact that Cano's camp began negotiations by asking for $300MM+.
  • Martino adds that the Mets aren't likely to pursue Ellsbury on the free agent market, as his sources have indicated that GM Sandy Alderson simply isn't comfortable with the type of contract that Ellsbury will ultimately end up signing. Instead, expect the Mets to pursue trades and free agent signings of corner outfielders, as they're very pleased with Juan Lagares' glove in center field. This marks the second instance in the past six weeks or so in which we've heard specifically that the Mets aren't a likely match for Ellsbury.
  • General manager Brian Cashman worries that Hiroki Kuroda will return to Japan, writes Andy McCullough of the Star Ledger. He adds that one baseball official to whom he spoke would "be blown away" if Curtis Granderson didn't receive a series of lucrative offers on the open market despite his lost season.
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