Yankees Rumors

Yankees, Luis Torrens Agree To Minor League Deal

By Steve Adams | January 25, 2024 at 2:11pm CDT

The Yankees have agreed to a minor league contract with catcher Luis Torrens, per the team’s transaction log at MLB.com. Presumably, he’ll be in camp as a non-roster invitee this spring.

Torrens, 27, has spent time in the big leagues in each of the past five seasons, suiting up for the Mariners, Padres and Cubs in that time. He had a solid run with the ’21 Mariners, popping 15 home runs and hitting .243/.299/.431 over a career-high 378 plate appearances, but he’s generally struggled at the plate since. In 196 trips to the plate over the past two MLB seasons, Torrens carries just a .229/.286/.307 slash.

The Yankees are plenty familiar with Torrens, as they’re the organization that originally signed him as an amateur free agent out of Venezuela back in 2012. The Padres plucked Torrens out of the Yankees’ system in the 2016 Rule 5 Draft even though he’d never played above A-ball. A then-rebuilding San Diego club succeeded on keeping Torrens on its Major League roster all season, thus acquiring his long-term rights. He spent nearly all of the 2018-19 seasons in the minors, hitting quite in well in Double-A, but was traded to the Mariners alongside Ty France, Andres Munoz and Taylor Trammell in the 2020 swap that sent Austin Nola and Dan Altavilla to the Padres.

Overall, Torrens is a career .227/.289/.354 hitter in the bigs and a .246/.311/.486 hitter in Triple-A. He has at times shown the ability to be an above-average hitter relative to his position, and at his best he draws interesting ratings from Statcast in terms of his batted-ball profile. From 2020-22, Torrens averaged a hearty 91 mph off the bat and saw a sizable 45.7% of his batted balls travel at velocities of 95 mph or greater. But he’s also been too strikeout prone, sports a below-average walk rate and puts the ball on the ground far too often (49.9%) for someone who’s ranked in the 26th percentile of MLB players in terms of sprint speed (per Statcast). Defensively, Torrens has some encouraging traits and also some red flags. He’s thwarted a huge 37% of stolen base attempts against him in his professional career but also consistently delivered negative marks for framing.

It’s not a surprise to see the Yankees add some more catching depth. New York traded backup catcher Kyle Higashioka to the Padres as part of their deal to acquire Juan Soto, and they’ll face a decision on Ben Rortvedt this spring given that he’s out of minor league options. With prospect Austin Wells and veteran Jose Trevino already on the 40-man and likelier to make the roster, Rortvedt could be squeezed out, and Torrens adds some depth in the event that he’s claimed by another club. If not, he can join Rortvedt and Carlos Narvaez as catching options in Triple-A Scranton, where he could also see occasional action at first base — a position where Torrens has tallied 482 innings between the majors and minors.

Yankees Outright Oscar González, Jeter Downs

By Darragh McDonald | January 24, 2024 at 3:40pm CDT

The Yankees announced that outfielder Oscar González and infielder Jeter Downs were both outrighted to Triple-A Scranton/Wilkes-Barre. That indicates that both players passed through waivers unclaimed after being designated for assignment in the past week. A third player that they club put on waivers, outfielder Bubba Thompson, was claimed by the Twins.

González, 26, debuted with a splash while with the Guardians in 2022. He hit 11 home runs in 91 games and slashed .296/.327/.461 for a wRC+ of 125. He also endeared himself to fans by using the SpongeBob SquarePants theme song as his walk-up music and hitting a series-clinching walk-off home run in the 15th inning of a game in the Wild Card round against the Rays.

But things went off the rails last year, as his poor plate discipline got worse and his production couldn’t stay afloat. His 3.9% walk rate in 2022 was already less than half the league average and that mark fell to 2.8% in 2023. His 19.6% strikeout rate also ticked up to 25.6%. He hit .214/.239/.312 in the majors and spent most of the year on optional assignment.

Poor pitch selection seems to be a clear issue for him, as he has swung at 49.1% of pitches outside the strike zone in his career thus far. That’s the highest rate among MLB hitters with at least 550 plate appearances over the past two seasons. He still managed to hit enough to be useful a couple of years ago but his stock has clearly fallen since.

The Guardians put him on waivers earlier in the offseason, with the Yankees making a claim in early December. The fact that he passed through waivers this week means that all 29 other clubs declined to give him a roster spot. Since this is his first career outright and he has less than three years of service time, he will stick in the organization as non-roster depth.

The 25-year-old Downs is in a similar situation, having just been claimed by the Yankees last month. Fairly or unfairly, he is best known by many fans for going to the Red Sox in the deal that sent Mookie Betts and David Price to the Dodgers. Once a top prospect, he hasn’t been able to hit much since that trade. He has produced a batting line of .200/.309/.365 in the minor leagues over the past three years, leading to a wRC+ of 80. He’s only been given 50 major league plate appearances in that time and hit just .182/.260/.273 in those.

He has gone from the Red Sox to the Nationals and now the Yankees via waivers, but today’s transaction indicates no club was willing to give him a roster spot. Like González, he lacks the necessary service time or previous outright to elect free agency, meaning he will stick in the organization as depth without taking a spot on the 40-man roster.

Twins Claim Bubba Thompson

By Steve Adams | January 24, 2024 at 3:21pm CDT

The Twins claimed outfielder Bubba Thompson off waivers from the Yankees, per an announcement from the Yankees. He’d been designated for assignment last week in order to open space on the roster for right-hander Luke Weaver. The Twins had a pair of open spots on the 40-man roster, so a corresponding move isn’t necessary.

Thompson, 25, is the game’s fastest player by measure of Statcast’s average sprint speed metric (30.4 ft/sec). He’s also one of the sport’s lightest hitters. In 241 career plate appearances at the big league level — all coming with the Rangers, who originally took him in the first round of the 2017 draft — Thompson is a .242/.286/.305 hitter. That modest slash line comes in spite of a hefty .351 average on balls in play and masks (to an extent) a career 29.9% strikeout rate. Thompson’s top-of-the-scale speed is countered by bottom-of-the-scale ratings in terms of average exit velocity (career 84.1 mph) and hard-hit rate (21.9%).

As one might expect for a player with such prodigious wheels, Thompson grades as a sound defender in his limited MLB action. He’s logged 595 innings in the outfield and been credited with a +1 from both Defensive Runs Saved and Statcast’s Outs Above Average. The former high school football star has drawn praise for off-the-chart athleticism dating back to his amateur days, and Baseball America has previously credited him as a plus-plus runner and plus defender in center field while also cautioning that he’s a below-average hitter who lacks consistency from at-bat to at-bat.

It hasn’t yet manifested in game settings, but Thompson draws praise for his above-average raw power. He’s never topped 16 home runs in a single season, however, and he’s only reached double-digit home runs twice in his pro career. He hit six home runs in 362 plate appearances in 2023 — all coming in the minors. Thompson is a career .284/.347/.440 hitter in 677 Triple-A plate appearances and a .268/.329/.436 hitter overall in the minors.

Thompson will give the Twins some depth in center field and a strong defensive alternative in the event that perennial injury risk Byron Buxton isn’t able to suit up in the outfield. Knee surgery limited Buxton exclusively to DH work in 2023, though the organization’s hope is that he can return to the outfield in 2024. As it stands, lefties Matt Wallner and Max Kepler are expected to man the corners at Target Field, although Kepler’s name has once again been floated as in trade rumblings throughout the offseason as Minnesota looks to pare back payroll and Kepler enters the final season of his contract.

Thompson still has a pair of minor league option years remaining, so the Twins can freely shuttle him between Triple-A St. Paul and the big league team this coming season — assuming he sticks on the 40-man roster for the remainder of the offseason. If things go well, he can take help to offset the loss of free agent Michael A. Taylor, though Thompson has a long ways to go before proving he has enough bat to stick on a big league roster with any degree of consistency. If the Twins can succeed in coaxing more out of him at the plate, he can be controlled for another six seasons.

Latest On Yankees’ Bullpen Targets

By Steve Adams | January 24, 2024 at 11:54am CDT

The Yankees are primarily focused on bullpen additions at this stage of the offseason and have been tied to various free agents over the past few weeks. Right-hander Hector Neris has been among the most oft-cited potential targets for the Yanks, and while SNY’s Andy Martino writes that the team has indeed spoken to the 34-year-old Neris, he also has “serious” interest from teams outside New York. The YES Network’s Jack Curry, meanwhile, hears that Neris isn’t likely to land in the Bronx as of this moment (video link). Reunions with southpaw Wandy Peralta and/or righty Keynan Middleton seem likelier than signing Neris, according to Curry.

Neris, 34, has been an eyeing a one- or two-year deal worth $7-11MM annually, per Martino. For a Yankees club that’s well into the final tier of luxury tax penalties and is a third-time CBT offender, that’d mean effectively paying Neris between $14.7MM and $24.2MM in 2024; any additional free-agent spending at this point will come with a 110% luxury hit. As such, it’s not particularly surprising to see the Yankees looking at lower-cost alternatives.

The 32-year-old Peralta has been a fixture in the Yankees’ bullpen for the past three season. From 2021-23, he logged 153 innings of 2.82 ERA ball with a 21% strikeout rate, 10.2% walk rate and huge 56.5% ground-ball rate. In addition to keeping the ball on the ground at a strong clip, Peralta manages hard contact quite well. He’s been in the 88th percentile or better in opponents’ average exit velocity in each of the past four seasons, per Statcast. The Mets have also spoken to Peralta in recent weeks, though they face the same CBT status and probably feel less urgency to get into any sort of bidding war, as they’re in more of a transitional state than the clearly win-now Yankees.

Middleton, 30, was a deadline pickup by the Yankees and pitched to a 1.88 ERA with a 30.4% strikeout rate and 12.5% walk rate in 14 1/3 innings down the stretch. Inflammation in his right shoulder cost him most of September, but he did make it back the mound for one final appearance on Sept. 29.

That nice showing with the Yankees capped a fine rebound season for the former Angels hurler. In 50 2/3 innings between the White Sox and Yankees, Middleton notched a 3.38 ERA, 30.2% strikeout rate, 10.8% walk rate and career-best 56.6% ground-ball rate that was 24 percentage points higher than the career mark he carried into the season. The right-hander threw his four-seamer at a career-low 26.3% clip and tossed his changeup at a 42.9% clip that was far and away the highest of his career, which likely accounts for the stark uptick in grounders. Middleton threw more changeups in 2023 (367) than he had in his entire career combined (237). Opponents beat the offering into the ground at a hefty 64.6% clip and managed only .209 average when putting it in play.

Yankees Notes: Snell, Injuries, Judge

By Nick Deeds | January 20, 2024 at 10:18pm CDT

Earlier this month, the Yankees reportedly made an offer to left-hander Blake Snell, the top remaining starting pitcher on the open market this winter. At the time, no deal got done due to what was reportedly a significant gap between the sides, which ultimately led GM Brian Cashman and his front office to pivot to a two-year deal for right-hander Marcus Stroman. MLB.com’s Mark Feinsand provided an update on Snell’s free agency today, noting that while the Yankees offered Snell $150MM over six years, Snell is in search of either a longer deal or one with an annual salary of at least $30MM.

While that’s still a reasonably substantial gap, it provides more reason for optimism that the sides could come together on a deal later in the offseason than previous reporting that indicated the sides were nearly $100MM apart in negotiations. Feinsand goes on to note that while other teams have shown interest in the lefty this winter, the Yankees’ offer is only the one a team has formally put forward to Snell this winter. Feinsand goes on to indicate that it isn’t yet clear if the club remains in on Snell after adding Stroman, a possibility that echoes the club’s reported focus on bullpen additions at this point in the offseason.

Still, it’s easy to see why the club would have interest in adding Snell to its rotation. While the addition of Stroman raises the floor of the club’s rotation considerably, the club lacks a surefire front-of-the-rotation arm to pair with ace Gerrit Cole, thanks in large part to the question marks surrounding southpaws Carlos Rodon and Nestor Cortes after injury-marred 2023 campaigns. Adding Snell, the reigning NL Cy Young Award winner who has averaged 27 starts a season over the past three campaigns, would give the club another reliable arm with substantial upside. If the sides aren’t able to come together on a deal, the Giants, Angels, and Blue Jays are among other suitors who could have interest in Snell’s services this winter.

More from the Bronx…

Cashman told reporters (including Gary Phillips of the New York Daily News) recently that veteran first baseman Anthony Rizzo is currently cleared for full baseball activities and that doctors are not worried about symptoms of post-concussion syndrome returning in 2024, though he noted that dealing with injuries involving the brain is “tricky.” Rizzo played for over two months after sustaining a head injury in a collision with Fernando Tatis Jr. last May before being placed on the IL in early August. Rizzo slashed an impressive .304/.376/.505 in 53 games prior to the collision before slumping to a brutal .172/.271/.225 slash line in his final 46 games of the year. If the 34-year-old can come close to replicating his early season production in 2024, he’ll be a key fixture in the club’s lineup as the Yankees look to return to the playoffs after missing the postseason for the first time since 2016.
As relayed by Bryan Hoch of MLB.com, Cashman also discussed the health of veteran slugger Giancarlo Stanton with reporters recently, noting the club’s DH is in a “really good place” following his injury-marred 2023 campaign where he slashed just .191/.275/.420 in 101 games. Cashman added that Stanton’s diet and conditioning work this offseason has helped him to prepare for a healthy return to action in 2024. Manager Aaron Boone seemed to echo those sentiments during a recent appearance on the Foul Territory podcast, noting that Stanton is preparing for “occasional” starts in the outfield during the upcoming campaign. While that’s nothing new for Stanton, who has started between 93 games on the outfield grass over the past three seasons, it’s nonetheless noteworthy that he’ll continue to receive those starts in the field even after the club bolstered its outfield mix with the additions of Alex Verdugo, Juan Soto, and Trent Grisham earlier this winter.
In his aforementioned appearance on the Foul Territory podcast, Boone also discussed Aaron Judge and his new role as the club’s regular center fielder headed into the 2024 season. The club’s manager expressed confidence in Judge’s ability to handle the everyday center field job as he heads into his age-32 season despite the hulking slugger’s lengthy injury history, though he did note that he hopes to rest Judge at DH or in left field “once or twice a week” with Grisham taking over duties in center. Assuming the club plans on starting Soto in an outfield corner everyday, that would leave just one spot in the club’s outfield/DH mix for Stanton and Verdugo on days where Grisham is covering for Judge in center. Sacrificing starts for the outfield’s other regulars figures to be a worthwhile gamble for the club to take as long as it helps Judge stay healthy, as the team’s captain has slashed an sensational .294/.417/.657 in 263 games over the past two seasons.

AL East Notes: Middleton, Duvall, Angels, Basallo

By Mark Polishuk | January 20, 2024 at 11:41am CDT

Keynan Middleton posted a 1.88 ERA over 14 1/3 innings and 12 appearances after the Yankees acquired the right-handed reliever from the White Sox in a deadline deal. With those kinds of numbers, it isn’t surprising that the Bronx Bombers “have engaged about a potential reunion” with Middleton, according to MLB.com’s Bryan Hoch.

About of a month of Middleton’s brief time with the Yankees was spent on the injured list due to shoulder inflammation, though he was able to return to pitch in one final game before the end of the season. Injuries have played an unfortunately large role in Middleton’s career, as he has been limited to 194 1/3 innings over his seven MLB seasons due to a number of health issues, primarily a Tommy John surgery that cost him almost all of the 2018-19 seasons. Middleton hadn’t shown much form since returning from that surgery until this season, when he had a combined 3.38 ERA over 50 2/3 frames for Chicago and New York and some elite strikeout (30.2%), grounder (56.6%) and hard-contact (31.5%) rates. While his walk rate remained below average, the 30-year-old Middleton might finally be back on track, and could again be a solid contributor to the Yankees’ bullpen.

Yankees Designate Bubba Thompson For Assignment

By Darragh McDonald | January 19, 2024 at 5:45pm CDT

The Yankees officially announced their signing of right-hander Luke Weaver today, with outfielder Bubba Thompson designated for assignment in a corresponding move.

Thompson, 26 in June, has bounced around quite a bit in the past six months. Designated for assignment by the Rangers in August, he has since gone to the Royals, Reds and Yankees via waiver claims. That’s likely a reflection of his uneven profile, as he’s an excellent defender with elite speed, but poor hitting results thus far. That makes him enticing enough for clubs to take a shot on him but not enough for him to hang onto a roster spot.

He has 92 games of major league experience to this point, all of it with the Rangers. In 241 plate appearances, he has hit .242/.286/.305 thus far in his big league career, production that translates to a wRC+ of 65. His Triple-A work is a bit better, as he’s hit .284/.347/.440 at that level since the start of 2022, but that production is still subpar with a wRC+ of 95.

But despite that tepid offense, he continues to appeal to clubs for other reasons, as mentioned. His sprint speed ranked third in the majors last year, with just Elly De La Cruz and Bobby Witt Jr. outpacing him on the Statcast rankings. That speed has surely helped him steal 22 bases in 27 tries to this point in his career while also allowing him to track down balls in the outfield.

The Yankees will now have a week to trade him or try to pass him through waivers. If he were to pass through waivers unclaimed, he could stick in the organization as non-roster depth, but it’s also possible another club takes a chance on him. He still has two options and could be kept in the minors to work on his hitting by any club willing to give him a 40-man spot.

Yankees Claim Diego Castillo, Designate Jeter Downs For Assignment

By Leo Morgenstern | January 19, 2024 at 4:40pm CDT

The Yankees have claimed utility player Diego Castillo off of waivers from the Mets, the team announced. In a corresponding move, infielder Jeter Downs was designated for assignment.

Castillo, 26, returns to his original organization. The Yankees signed him as an international amateur out of Venezuela but flipped him to the Pirates alongside Hoy Park in the 2021 deadline deal that didn’t work out well for the Bucs. Both Castillo and Park were designated for assignment and traded to new clubs by the end of 2022, while Holmes has turned into the closer for the Yankees.

As for Castillo, he hit .206/.251/.382 in 96 games with the Bucs in 2022 then was traded to the Diamondbacks. The latter club mostly kept him in the minors, putting him into just one major league game. In 124 Triple-A contests, he only hit three home runs but walked more than he struck out, a 17.4% rate of free passes compared to 14.2% for the punchouts. His .313/.431/.410 batting line translated to a wRC+ of 117. He’s had other good Triple-A seasons in that vein, pairing minimal power with strong on-base abilities.

Defensively, Castillo has played all four infield positions and has spent some time in the outfield corners. He can also swipe a bag here and there, stealing 13 with the Reno last year. Despite that solid year with the Aces, he’s been on the transaction carousel this offseason, getting claimed off waivers by the Mets and now the Yankees.

The Yanks project to have an infield of Anthony Rizzo, Gleyber Torres, Anthony Volpe and DJ LeMahieu. The guys on the corners are into their mid-30s now and coming off injury-marred seasons. Volpe had some mixed results but was only 22 and should get a chance to continue his development. Torres is solid at the keystone but is in his final year of club control before reaching free agency. Oswald Peraza, Oswaldo Cabrera, and Jorbit Vivas are also on the 40-man but the club continues to focus on the depth. They recently signed Kevin Smith, Josh VanMeter and José Rojas to minor league deals and have now added Castillo into the mix. Since Castillo still has an option remaining, he can be kept in the minors as depth until his services as needed at the big league level.

They are also potentially losing one depth infielder in today’s transaction, with Downs no longer on the roster. The 25-year-old is perhaps best known for going from the Dodgers to the Red Sox as part of the return in the deal for Mookie Betts and David Price. Though he was once a top 100 prospect, he hasn’t lived up to that billing thus far. He struggled to establish himself with the Sox and has since gone to the Nationals and Yankees on waiver claims.

Between the Sox and the Nats, he’s only been put into 20 major league games, hitting .182/.260/.273 in those. His work in the minors hasn’t been much better, with a combined slash of .200/.309/.365 over the past three years.

The Yanks, who just claimed him last month, will now have a week to trade him or try to pass him through waivers. Despite the lack of offensive production, he may still garner interest from other clubs. He’s still quite young, has the former prospect pedigree and defensive versatility. He’s lined up at the three infield positions to the left of first base and a brief spell in the outfield. He also has one option year remaining, meaning he doesn’t need to be guaranteed an active roster spot.

Yankees Sign José Rojas To Minor League Deal

By Darragh McDonald | January 18, 2024 at 1:12pm CDT

The Yankees have signed utility player José Rojas to a minor league deal, per Jon Morosi of MLB.com. The deal for the Warner Sports Management client includes an invite to major league camp. Joel Sherman of The New York Post reports that Rojas would make $750K in the majors and $180K in the minors.

Rojas, 31, is returning to North America on the heels of a strong showing in Korea. He signed with the Doosan Bears of the KBO League for the 2023 season and appeared in 122 games for that club. He hit 19 home runs while drawing a walk in 11.9% of his 464 plate appearances, striking out in just 14.7% of them. His .253/.345/.474 batting line translated to a 126 wRC+, indicating he was 26% better than the league average hitter.

Prior to heading overseas, Rojas had put together a solid body of work at the Triple-A level but hadn’t been able to carry that up to the big leagues. He got into 83 games with the Angels between 2021 and 2022 but hit .188/.245/.339 in those. At the top minor league level, he hit .277/.343/.525 across four different seasons.

On the defensive side of things, Rojas has bounced all around. He has suited up at the three non-shortstop infield positions as well as the outfield corners. The Yankees were snakebit by injuries in 2023 and will go into the upcoming season with some of those concerns lingering. Rojas likely won’t have an easy path to playing time in the outfield corners, where Aaron Judge, Juan Soto and Alex Verdugo will be sharing the playing time.

The infield corners are projected to be taken by Anthony Rizzo and DJ LeMahieu, both of whom dealt with health concerns last year and are now into their mid-30s. Oswald Peraza, Oswaldo Cabrera, Jeter Downs and Jorbit Vivas are on the roster but the Yanks clearly feel a bit of non-roster depth is warranted. They have signed Kevin Smith and Josh VanMeter to minor league deals in recent weeks and now Rojas is on the list as well. If Rojas gets selected to the roster at any point, he still has one option year remaining.

Yankees Focusing Primarily On Bullpen Upgrades

By Steve Adams | January 18, 2024 at 11:00am CDT

The Yankees have been linked to a wide range of starting pitchers on both the free agent and trade markets throughout the offseason, but Brendan Kuty of The Athletic reports that the team has shifted its focus to the bullpen. The asking prices for free agents Blake Snell and Jordan Montgomery, coupled with lofty asks from teams peddling starting pitching (e.g. the White Sox, Marlins) make it unlikely the Yankees will make another significant addition to their starting staff, per Kuty. The Yankees signed Marcus Stroman to a two-year contract last week and reportedly made an offer to Snell but weren’t close to the reigning NL Cy Young winner’s asking price.

Clay Holmes is again expected to anchor the New York bullpen after another strong showing in 2023. Acquired in what was then a low-profile deadline trade met with a collective yawn from most fans, the now-30-year-old righty has taken his game to new heights in the Bronx.

After posting a 5.57 ERA in parts of four seasons with the Pirates, Holmes has given the Yankees 154 2/3 frames of 2.50 ERA ball. The command issues that plagued him in Pittsburgh have dissipated (7.5% walk rate as a Yankee), and he’s ridden his power sinker to 44 saves and 17 holds while punching out 27.2% of his opponents. Since 2021, there have been 456 pitchers to throw at least 100 innings in the majors; none has a higher ground-ball rate than Holmes’ staggering 69.9%.

Behind Holmes, things are a bit shakier. Right-hander Jonathan Loaisiga has been excellent since 2021, sporting a tidy 2.97 ERA with a terrific 59.3% grounder rate thanks in large part to a power sinker of his own. However, Loaisiga pitched just 17 2/3 innings last year and did so with a career-worst 8.7% strikeout rate that ranked fifth-worst in MLB among pitchers with at least 10 innings. He spent the bulk of the season on the injured list (two separate stints) due to elbow inflammation. Loaisiga also had IL stints in 2021 and 2022, both pertaining to his right shoulder. He’s reached 50 innings in a big league season just once, back in 2021.

Similarly, right-hander Tommy Kahnle has been excellent when healthy … but such instances have been few and far between. Last year’s 40 2/3 innings were Kahnle’s most since 2019 and marked just the fourth time in ten MLB seasons that he’s reached even 40 innings pitched. Kahnle opened the year on the 60-day IL due to biceps tendinitis and closed out the year on the 15-day IL owing to shoulder inflammation. In his 40 2/3 innings, he turned in a sharp 2.66 ERA with a 29.1% strikeout rate against an elevated 11.5% walk rate. A healthy Kahnle is a big bullpen piece, but that’s tough to rely on, given his lengthy injury history.

Beyond that trio, things are even less stable. Right-hander Ian Hamilton had an out-of-the-blue breakout in 2023, tossing 58 innings of 2.64 ERA ball, but he’s a 28-year-old with no prior big league success. Ron Marinaccio’s eye-popping 2.05 ERA from 2022’s excellent rookie season nearly doubled in 2023 (3.99), and command continues to be an issue for him (13% walk rate in both 2022 and 2023). Righty Scott Effross will be in his first season back from Tommy John surgery. Southpaw Victor Gonzalez, acquired from the Dodgers earlier in the winter, gives the Yankees another ground-ball specialist, but his overall numbers have declined each season since his excellent 2021 debut.

Beyond the injury concern and lack of proven arms beyond the top few names, the Yankees must also replace the innings of several outgoing relievers. Right-hander Michael King, left-hander Wandy Peralta and righty Keynan Middleton combined for 132 2/3 innings of 2.85 ERA ball out of the bullpen last year. King was traded to the Padres as part of the Juan Soto deal and will open the season in San Diego’s rotation. Peralta and Middleton are both free agents (and both remain unsigned).

On top of that, each of Holmes, Kahnle and Loaisiga is a free agent following the 2024 campaign. The upcoming season will be the second of a two-year, $11.5MM free agent deal between the Yankees and Kahnle. That contract does not have an option for an additional season. Both Holmes and Loaisiga will reach six years of service time in 2024 and become free agents for the first time — with Holmes headed toward being one of the top relievers on next year’s free agent class.

It’s no secret that the Yankees are set to shatter every luxury tax barrier this season, which only further muddies their path to bolstering the team. Roster Resource projects the Yankees at around $305MM of luxury obligations, placing the team well beyond the fourth and final $297MM luxury tier. Couple that with their status as a club that’s exceeded the threshold in at least three straight seasons, and they’ll pay a massive 110% tax on any dollars spent on the 2024 payroll. Even bringing Peralta back on the same $3.35MM salary he earned last year would cost the Yankees more than $7MM — and Peralta, of course, has very likely positioned himself for a nice raise over that relatively modest mark.

That onerous tax status, to be clear, doesn’t seem likely to preclude the Yankees from making further additions. They had interest in a Peralta reunion as far back as November and reportedly had some talks with him in early December. Kuty writes that the Yankees “love” the left-hander and what he brings to the clubhouse (in addition to his obvious on-field contributions). Meanwhile, Mark Feinsand of MLB.com suggested recently that the Yankees are one of the favorites to sign veteran righty Hector Neris.

Similarly, it should be noted that while Kuty casts doubt on the team’s likelihood of making another big splash in the rotation, that doesn’t rule out the possibility of more minor pickups. The Yanks added Luke Weaver on a low-cost one-year deal earlier in the month, and he’ll provide some long relief and starting depth. Additional deals in that vein, or perhaps minor league deals for veterans who could be stashed in Triple-A, could well come together. It’s always possible that a late drop in the asking price of Snell or Montgomery could spur the Yankees to circle back to one of the market’s top remaining starters, but for now that type of splash seems improbable.

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