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Offseason In Review: New York Yankees

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The Yankees’ offseason was highlighted by a blockbuster trade, but some major injury concerns have threatened to undermine New York’s work in upgrading the roster.

Major League Signings

2023 spending: $23.25MM
Total spending: $41.25MM

Trades & Claims

Notable Minor League Signings

Notable Losses

Juan Soto and Aaron Judge hitting back-to-back is a pitcher’s worst nightmare, and having Gleyber Torres and a healthy Anthony Rizzo bookend those two elite sluggers in the lineup should also cause a few sleepless evenings.  Between this impressive top of the lineup, and fresh input from newly-hired hitting coach James Rowson and assistant hitting coach Pat Roessler, there is plenty of hope that the Yankees can improve upon their strangely punchless offense from the 2023 season.

Soto is slated to hit free agency next winter as he heads into his age-26 season, and the outfielder and agent Scott Boras surely have an eye towards the biggest non-Shohei Ohtani contract in baseball history.  Since the Yankees are one of the few teams who can afford such an expenditure, it’s certainly possible this won’t be Soto’s only season in the Bronx, but New York paid quite a premium for just one guaranteed year of Soto’s services.

Kyle Higashioka may have been expendable within the Yankees’ catching depth chart, but the real score for the Padres in the Soto trade was four talented and controllable young pitchers.  Michael King emerged as an intriguing starter with New York last year and looks to step right into San Diego’s rotation — at worst, King can be a lockdown reliever for the Padres if he doesn’t stick as a starting pitcher.  Drew Thorpe is a top-100 prospect who the Padres flipped to the White Sox as part of the Dylan Cease trade package.  Jhony Brito and Randy Vasquez are also big league-ready arms and one of them likely would’ve won a rotation job had Cease not been acquired.

Trent Grisham was the other player acquired from San Diego, and though he is only earning $5.5MM via an arbitration-avoiding deal, his inclusion in the trade may have been a bit of a salary dump from a Padres deal that was eager to payroll this winter.  (Obviously Soto was the pricier figure in this equation, as his $31MM salary for 2024 is the highest ever given to a an arbitration player.)  Grisham is an outstanding defender whose hitting has dropped off over the last two seasons, and he seems to be ticketed for at least backup duty within an intriguing Yankees outfield mix.

The first-choice outfield alignment looks to be Soto in right field, Judge in center field, and new acquisition Alex Verdugo as the left field starter at least against right-handed pitching.  When a southpaw is on the mound, the Yankees will probably use Judge in left field and Grisham will step into center field.  Giancarlo Stanton will get most of the DH at-bats and might get some occasional looks in the outfield, though as GM Brian Cashman rather bluntly stated last November, it may simply be unlikely that Stanton can stay healthy for the entire season.  Judge figures to get a good dose of DH usage regardless of Stanton’s availability, since one of the Yankees’ chief priorities this year is keeping Judge healthy amidst the added physical strain of regular center field work.

A rare trade between the Yankees and Red Sox brought Verdugo into the fold, and between Verdugo and Soto, New York now has two legitimate left-handed bats to help balance out a lineup that was overloaded with right-handed hitters.  Verdugo has been exactly a league-average (100 wRC+, 100 OPS+) hitter over the last two seasons, and given the whispers of behind-the-scenes discord with Boston manager Alex Cora, a change of scenery might be just what Verdugo needs to get on track.

An in-form Verdugo, a healthy Stanton, and steps forward from highly-touted youngsters Anthony Volpe and Austin Wells would suddenly make the lineup look a lot more Bronx Bomber-esque, rather than simply “improved.”  A rebound year from DJ LeMahieu would also help, but the infielder’s 2024 season has gotten off to a rough start with a bone bruise that will begin his season on the injured list.

The Yankees had been looking for infield and utility depth even before LeMahieu got hurt, as Oswald Peraza is facing an extended absence while recovering from a shoulder strain.  The need was finally filled just yesterday when Jon Berti was acquired as part of a three-team trade with the Marlins and Rays.  Berti brings a ton of speed and defensive versatility to the roster, and his ability to draw walks and make contact has led to some occasional above-average offensive production over his six MLB seasons.

Landing Berti came at the cost of catcher Ben Rortvedt and minor league outfielder John Cruz, though New York is confident that Wells is ready to take on a larger share of the catching duties with Jose Trevino.  Wells’ defense could be the x-factor in whether or not he can move into a full platoon or even a playing-time edge over Trevino, and gauging by Wells’ minor league numbers, his bat is at least ready for the Show.  In other bench news, waiver claim Jahmai Jones won a spot on the Opening Day roster, and he brings more multi-positional utility to the mix.

The aforementioned search for a utilityman type led the Yankees to explore such free agents as Enrique Hernandez, Tony Kemp, Amed Rosario, and old friends Isiah Kiner-Falefa and Gio Urshela.  In terms of position players, the Yankees made some more high-profile explorations, as the team had interest in the likes of Cody Bellinger, Jung Hoo Lee, Jeimer Candelario, Kevin Kiermaier, and probably several other free agents whose talks with the Bombers weren’t publicized.

Since the Soto trade was completed in early December, it seems as though the Yankees decided relatively early to go with the one-year strike for Soto rather than a longer-term deal with Bellinger or even Lee as their major offensive addition of the winter.  Cashman’s front office couldn’t have known at the time that Bellinger’s market would be limited enough that he would settle for an opt-out laden three-year, $80MM deal with the Cubs, and naturally it makes sense that the Yankees would want to pounce on Soto and solidify the lineup as early as possible.  It’s easy to say this with hindsight being 20-20, but if New York had been comfortable enough to try and wait Bellinger out, the team could’ve landed a big bat at a lower average annual value than Soto, and King and company might still be on the roster.

Or, the Yankees might have flipped King, Thorpe, Brito, or Vasquez in another trade, perhaps for a frontline starter with more big league experience.  There is some irony in Thorpe being a centerpiece of the Padres’ Cease deal given how the Yankees themselves talked at length with the White Sox about Cease, but it seemed like Chicago’s insistence on landing Spencer Jones in any Cease trade package was a deal-breaker for New York.

Even though offense was the team’s larger need heading into the offseason, the Yankees were reportedly involved in the bidding for several starters and relievers, on both the free agent and trade fronts.  Beyond Cease, the long list of pitchers the Yankees at least checked in on included Yoshinobu Yamamoto, Corbin Burnes, Shane Bieber, Jesus Luzardo, Aaron Nola, Shota Imanaga, Josh Hader, Yariel Rodriguez, Michael Lorenzen, Jordan Hicks, Robert Stephenson, Hector Neris, Phil Maton, Ryan Brasier, and two of New York’s own free agents in Wandy Peralta (who signed with the Padres) and Keynan Middleton (with the Cardinals).

Yamamoto was one of the chief targets, and was reportedly offered a ten-year, $300MM deal (with two opt-out clauses) to begin his Major League tenure in the Bronx.  Yamamoto passed on that contract for a 12-year, $325MM deal with the Dodgers, as his decision might’ve been influenced by such factors as a big $50MM signing bonus, the flexibility offered by the six-man Los Angeles rotation, and of course the chance to play with a Japanese baseball icon like Ohtani.

Jordan Montgomery was another former Yankee who drew attention from his old club, as the Bombers were said to be in on the left-hander up until the moment Montgomery finally landed with the Diamondbacks for a one-year deal with a vesting player option for 2025.  Blake Snell was on the Yankees’ radar for much of the offseason, and the team’s reported six-year, $150MM offer to Snell in January stands as the largest offer known to have been on the table throughout Snell’s own extended stay in free agency.  The reigning NL Cy Young Award winner ended up signing a two-year, $62MM deal with the Giants that includes an opt-out next winter, as the Bombers didn’t revisit their six-year offer after moving onto Marcus Stroman as a rotation alternative.

Stroman inked a two-year deal worth $37MM in guaranteed money, and another $18MM could become available via a vesting player option for the 2026 season.  With two All-Star nods and a history of success in the AL East on his resume, Stroman is a nice get for the Yankees, and his grounder-heavy approach should play well with New York’s solid infield defense.  Injuries marred the back half of what was looking like a great 2023 campaign for Stroman with the Cubs, however, and adding to the list of health issues facing the Yankees rotation.

Nestor Cortes and Carlos Rodon combined for only 127 2/3 innings last year, leaving both starters in pursuit of bounce-backs.  Clarke Schmidt pitched decently well in his first full MLB season, and Luis Gil pitched well enough in Spring Training that New York will use Gil as the fifth starter, though Gil himself has only 33 1/3 career innings in the majors and missed all of 2023 recovering from Tommy John surgery.

The biggest question mark of all, however, is one of the Yankees’ most indispensable players.  Gerrit Cole will open the season on the 60-day injured list, meaning he won’t be an option until at least late May as he recovers from nerve inflammation and edema in his throwing elbow.  Missing at least two months is naturally still an infinitely preferable scenario to the initial worry that Cole might need some kind of season-ending surgery, yet the Yankees still have to navigate a big chunk of the season without arguably the sport’s best pitcher.  It isn’t a coincidence that the team’s interest in Snell and Montgomery seemed to spark back up after the news broke of Cole’s injury, but it looks like the Yankees will rely on Gil and their internal arms to hold the fort until Cole is able to return.

Even a late strike for Snell or Montgomery at a relative discount price would have had serious financial implications.  RosterResource’s projections put the Yankees’ payroll at $299.7MM, and their luxury tax number at just over $310.5MM.  The latter figure puts New York well over the highest tax threshold of $297MM, after the team just barely stayed under the $297MM number in 2023.  Since 2024 will be the Yankees’ third consecutive year of surpassing the luxury tax, it all adds up a whopping 110% tax added to any further payroll additions the Yankees might make.

It’s perhaps a reach to say that a team with such a gigantic payroll is hugely concerned with an even larger tax bill, as there’s certainly more pressure for the Yankees to get back into contention.  Yet, the Bombers did keep their free agent spending relatively in check, and the $30MM average annual values offered to Yamamoto and Snell seemed to represent something of a limit to how much New York was willing to offer.  Soto, Torres, Verdugo, Clay Holmes, and (pending a club option) Rizzo are all free agents next winter, representing some significant money coming off the books for the Yankees as they decide how to reload for 2025.

Though the relief corps was pretty successful last year, New York heads into Opening Day with some noteworthy changes in the bullpen.  With Peralta, Middleton, and former relief stalwart King all gone, the Yankees will look to make up those innings with Caleb Ferguson and Victor Gonzalez (both acquired in separate trades with the Dodgers) and minor league signing Nick Burdi.  Luke Weaver was re-signed to a low-cost guaranteed deal, and Cody Morris, Cody Poteet, and any number of other pitchers already in the farm system or signed to minor league contracts could emerge as the season progresses.  The Yankees and pitching coach Matt Blake have developed a knack for getting good results out of unheralded bullpen options, so it wouldn’t be surprising to see some other unexpected name or a pitcher not even currently in the organization emerging for some high-leverage work later on in the season.

Between the flurry of additions big and small, it was a busy winter in the Bronx, which isn’t surprising for a Yankees team coming off a rare non-playoff season.  Players and team executives either hinted or outright stated last fall that some changes had to be made to get the club back into contention, extending from both roster moves to more clubhouse-related issues like Judge’s desire to see a difference in both the type of analytical information presented to the players, and in how this info is presented.  These types of alterations aren’t as public as the sight of Soto wearing Yankees pinstripes, of course, and despite all of the roster moves and internal fixes, ultimately a lot of the Yankees’ success in 2024 might simply hinge on Cole’s health.

How would you grade the Yankees' offseason?
B 49.01% (1,261 votes)
C 20.87% (537 votes)
A 18.77% (483 votes)
F 5.79% (149 votes)
D 5.56% (143 votes)
Total Votes: 2,573

Yankees Place Gerrit Cole On 60-Day Injured List

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The Yankees announced a series of Opening Day roster moves today, with right-hander Gerrit Cole placed on the 60-day injured list. His 40-man roster spot will go to right-hander Nick Burdi, who was previously reported to have made the club.

Over recent weeks, Cole and the Yankees got a big scare when he was dealing with some elbow issues and was sent for testing. While this led to all kinds of panic about possible surgery and lengthy absences, the eventual news ended up being on the mild side compared to those doomsday scenarios. He was diagnosed with nerve inflammation and edema and recommended for non-surgical rehab.

That’s obviously a better outcome than sitting out the entire year or longer, but he’s still going to miss some time. His return will depend on how he progresses in the coming weeks but it’s been suggested he’s at least a month or two away from coming back. This move means he’ll be ineligible to be activated until late May, so the Yankees evidently don’t think he’ll be able to return before then.

In the meantime, the Yanks will roll out a rotation of Nestor Cortes, Carlos Rodón, Marcus Stroman, Clarke Schmidt and Luis Gil to start the season.

AL East Notes: Yankees, Montgomery, Red Sox, Clevinger, Shenton

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Prior to the southpaw signing with the Diamondbacks last night on a one-year deal that guarantees him $25MM, the Yankees were among the teams most frequently connected to Jordan Montgomery this winter as the 31-year-old’s former club scouted out potential rotation upgrades in free agency. Reporting connected the sides throughout the offseason and while initial reports indicated that New York was more focused on Blake Snell and Montgomery preferred a return to the Rangers, the sides seemingly reopened negotiations on a hypothetical reunion last week. Per Jon Heyman of the New York Post, however, the sides never got particularly close to a deal before the southpaw landed in Arizona.

Heyman writes that the Yankees remained in talks with Montgomery’s agent, Scott Boras, in the days leading up to his deal with the Diamondbacks but that the fourth tier of the luxury tax, which levies a 110% tax rate on spending beyond $297MM, proved to be a major obstacle in negotiations between the sides. While the Yankees suggested a four-year deal to the southpaw’s camp (which Heyman indicates may not have reached the “offer” stage of negotiations), the hypothetical pact would have guaranteed Montgomery just $72MM with heavy deferrals that Heyman indicates would have taken the deal’s net-present value to just $46MM.

That $11.5MM AAV clocks in at less than half of the $25MM Montgomery will earn in 2024, and the total guarantee over four seasons is less than the $47.5MM Montgomery would be able to earn over two seasons provided he makes at least 18 starts in 2024. While Montgomery was rumored to be searching for a long-term deal even as the calendar flipped to March, it would have been a shock if the left-hander hadn’t been able to beat the club’s offer elsewhere on the free agent market. With Montgomery now off the table, the Yankees figure to enter the regular season with a starting rotation of Nestor Cortes, Carlos Rodon, Marcus Stroman, Clarke Schmidt, and Luis Gil while ace right-hander Gerrit Cole nurses inflammation in his elbow.

More from around the AL East…

  • The Red Sox were also frequently tied to Montgomery as a potential suitor this winter, and were a frequently speculated destination for a number of starters in all tiers of free agency. Despite that wide-ranging reported interest, however, the club only came away with right-hander Lucas Giolito this winter. In the wake of Giolito undergoing an internal brace procedure on his UCL this spring the club also added righty Chase Anderson on a big league deal, though it appears they aren’t exploring further additions to their rotation mix at this point. WEEI’s Rob Bradford reported yesterday that the club has not made an offer to the lone remaining free agent starter of note, right-hander Mike Clevinger, who pitched to a 3.77 ERA in 24 starts with the White Sox last year. The club’s internal options of Brayan Bello, Tanner Houck, Nick Pivetta, Kutter Crawford, and Garrett Whitlock will need to take a major step forward this season in order to improve upon the 4.68 ERA last year’s rotation mix posted despite losing veteran lefties Chris Sale and James Paxton.
  • The Rays have struggled with injuries to their positional corps this spring, and key pieces such as Josh Lowe, Taylor Walls, and Jonathan Aranda are all slated to open the season on the injured list. Those injuries have created an opportunity for one player, however, as Marc Topkin of the Tampa Bay Times noted this evening that infielder Austin Shenton is slated to make the Rays’ Opening Day roster as the final piece of the club’s bench mix. Shenton, 26, has never appeared in the majors before and struggled to a .195/.214/.244 line in 15 games this spring but excelled at the plate in the minors last year, raking to the tune of a .304/.423/.584 slash line in 134 games split between the Double- and Triple-A levels. Shenton has experience at first, second, and third base as well as both outfield corners and figures to act as a left-handed complement to the likes of Harold Ramirez, Amed Rosario, and Curtis Mead in the club’s positional mix to open the season.

Yankees Acquire Jon Berti From Marlins, Trade Ben Rortvedt To Rays In Three-Team Deal

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The Yankees, Marlins and Rays have come together on a three-team swap just 24 hours before the season is set to commence. Miami is trading infielder Jon Berti to the Yankees, who are sending catcher Ben Rortvedt to the Rays. The Marlins will pick up a pair of outfield prospects in the deal, one from each team: New York’s John Cruz and Tampa Bay’s Shane Sasaki. All three clubs have officially announced the deal.

Berti will give the Yankees an option to open the season at third base, with DJ LeMahieu (bone bruise in foot) and Oswald Peraza (shoulder strain) slated to hit the injured list, and he can back up nearly any spot on the diamond once LeMahieu returns. He’s fresh off a strong .294/.344/.405 batting line (103 wRC+) with seven homers and 16 stolen bases in a career-high 424 plate appearances with the Fish in 2023.

While Berti doesn’t bring any power to the table — last season’s seven homers were a career-high — he’s been a roughly league-average performer at the plate throughout his career thanks to an above-average walk rate, lower-than-average strikeout rate and plus speed that helps him leg out his share of infield hits (and stretch some would-be singles into doubles). Overall, Berti is a career .258/.337/.368 hitter — about 4% worse than league-average (by measure of wRC+) when weighting for the Marlins’ quite pitcher-friendly home environs.

Berti swiped 41 bags in just 102 games back in 2022, and while he ran less often in 2023, that didn’t have anything to do with a drop-off in speed. Statcast ranked Berti in the 95th percentile of MLB players with an average sprint speed of 29.3 feet per second last season.

Defensively, Berti has played every position other than catcher or first base. He’s spent more time at third base than any other position (1050 innings), but he’s also logged 792 innings at second base, 764 innings at shortstop and 577 frames in the outfield (281 in left, 231 in center and 65 in right). Both Defensive Runs Saved and Outs Above Average agree that he’s been a plus defender at each of third base, shortstop and left field.

Given Berti’s experience at the hot corner and the injuries to both LeMahieu and Peraza, there’s a strong chance that the Yankees’ newest acquisition will start tomorrow’s season opener at third base. He’ll likely be the team’s primary third baseman in the short term, and the versatility that both Berti and LeMahieu bring to the table will give manager Aaron Boone plenty of lineup options once the bone bruise in LeMahieu’s foot mends.

From a financial standpoint, Berti’s contract surely held plenty of appeal to a Yankees club that is a third-time luxury payor who’s in the top tier of penalization. They’re taking a 110% tax on any dollars added to the payroll at this point. Berti is earning $3.6MM in 2024 — the second season of what became a two-year, $5.725MM deal when the Marlins exercised a club option on him for this year. The 2022-26 CBA stipulates that only the remainder of a traded player’s contract is counted for luxury tax purposes, however, so the Yankees will pay the tax on this year’s $3.6MM salary rather than the contract’s $2.86MM AAV. That means Berti will come with $3.96MM worth of taxes, bringing his total expenditure to $7.56MM.

The Rays will get the only other player with big league experience in this three-team swap, though Rortvedt is rather limited in that regard. Formerly a second-round pick of the Twins, Rortvedt is a defensive-minded backstop who landed in the Bronx by way of the 2022 trade that sent him and Josh Donaldson to the Yankees in exchange for Gio Urshela and Gary Sanchez.

Rortvedt only appeared in 32 games with the Yankees over his two-year stint with the club, thanks to a series of injuries. An oblique strain limited him during spring training in 2022, and Rortvedt underwent knee surgery that May after beginning the season in the minors. Last spring, he underwent surgery to address an aneurysm in his shoulder that had been contributing to pain and numbness in his hand.

In all, Rortvedt only has 177 big league plate appearances between the Twins and Yankees, and he’s posted a dismal .146/.234/.255 batting line in that time. He hit well in 124 Triple-A plate appearances last year (.286/.395/.505), but Rortvedt is surely being acquired by the Rays because of their belief in his defensive chops.

The Rays tend to prioritize defense over offense at the catching position, and over the years Rortvedt has turned himself into a plus defender behind the dish. Baseball America named him the best defensive catcher in the Twins’ system from 2018-20, and the 26-year-old boasts an outstanding 34% caught-stealing rate in his career — including a 39% mark in his limited MLB action. Baseball Prospectus credits him with plus framing marks throughout his time in the minors, and he’s graded well there in the big leagues as well.

Because of all his time on the injured list, Rortvedt has more than two years of big league service time in spite of his minimal playing time. He’s out of minor league options, so he’ll have to stick on Tampa Bay’s roster this season. That means he’s all but certain to open the season splitting time with Rene Pinto behind the dish. Non-roster invitee Alex Jackson, who’d previously been the favorite for the backup job, will instead head to Triple-A Durham. If Rortvedt lasts the whole year, he’ll be eligible for arbitration for the first time in the 2024-25 offseason. The Rays can control him through the 2027 season via that process.

Turning the Marlins’ return for Berti, they’ll acquire a pair of outfield prospects — a position that’s regularly been a weakness for them in recent years. Sasaki, 23, was limited by injury to 68 games last season and hasn’t played above High-A. He went unselected in this past December’s Rule 5 Draft. Baseball America still tabbed him 21st in the Rays’ system, touting his 65-grade speed (on the 20-80 scale) and ability to play plus defense in center field or left. He’s a hit-over-power prospect who turned in a strong .301/.375/.465 batting line with seven homers and a dozen steals in 293 plate appearances at High-A last year.

Given his success in High-A last year, Sasaki seems likely to open the 2024 season in Double-A with his new organization. With a strong showing early in the year, a bump to Triple-A or perhaps even to the big leagues could be well within reach. Miami has been looking for a long-term center fielder for years now. Sasaki’s lack of power means he’ll need to continue to draw walks and hit for average in order to profile as a regular, but he at least gives Miami someone with a reasonable chance to become that everyday center fielder they’ve sought — albeit with a perhaps greater chance he settles in as more of a fourth outfielder.

As for Cruz, he’s a much further-off value add to the Marlins organization. The 18-year-old ranked 25th among Yankees prospects at Baseball America and 28th at MLB.com. He’s yet to advance to full-season ball, having spent the 2022 campaign in the Dominican Summer League and the 2023 season with the Yankees Rookie-level complex league affiliate. He’s hit well at both stops, posting a combined .260/.394/.465 batting line with 15 home runs, 19 steals, a huge 16.4% walk rate and a 24.9% strikeout rate.

Scouting reports credit the 6’3″ Cruz with above-average power and speed but raise some questions about swing mechanics and pitch selection at the plate. He’s played primarily center field to this point but could wind up moving to a corner as he continues to fill out his frame. He’s a yearslong project but one with a fair bit of ceiling — as well as a good bit of risk.

Ultimately, it’s a needs-based trade for all teams involved (rather than the more standard swap of a veteran for the best prospects available, regardless of position). The Yankees acquired an affordable and versatile infielder who checks multiple needs: everyday third base option in the short term and backup shortstop option in the long term. The Rays added some needed catching depth and defense without increasing an already franchise-record payroll. The Marlins, who didn’t have regular at-bats for Berti after signing Tim Anderson and acquiring Jake Burger, Nick Gordon and Vidal Brujan via trade over the past several months, moved him and his salary in exchange for a pair of outfield prospects who provide organizational depth and upside at a position of need. Sasaki’s relative proximity to the majors at least creates the possibility that all three clubs will see some MLB benefit from the trade before season’s end.

Craig Mish of SportsGrid and the Miami Herald first reported that Berti had been traded to the Yankees. Jon Heyman of the New York Post reported Cruz’s inclusion in the deal. Christina De Nicola of MLB.com broke the news that it was a three-team deal with the Rays and that Sasaki was headed to the Marlins as well.

Yankees, Mets Remain Interested In Jordan Montgomery

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With Opening Day a matter of days away, one of the offseason’s top free agent arms remains available in southpaw Jordan Montgomery. Reporting yesterday indicated that the lefty has multiple long-term offers on the table, though it’s unclear which clubs those offers have come from. Today, Joel Sherman of the New York Post indicates that both the Yankees and Mets have yet to “shut the door” on a hypothetical deal with the 31-year-old.

It’s hardly the first time a Montgomery-Yankees reunion has been rumored. A report last week revealed that the sides had “reopened discussions,” and the sides have been loosely connected all throughout the winter even as the lefty appeared to prefer a return to Texas while the Yankees pursued fellow southpaw and Scott Boras client Blake Snell. Per Sherman, the Yankees have provided Montgomery’s camp with a range at which they are comfortable striking a deal with the lefty, though the sides remain apart as things stand even as Montgomery’s asking price has dropped as the start of the regular season approaches.

Sherman indicates that Montgomery’s initial ask was in a similar range to the seven-year, $172MM deal signed by right-hander Aaron Nola back in November, but he’s since begun to target the extension Tyler Glasnow signed with the Dodgers as a potential comp. Glasnow’s deal was announced by the Dodgers as worth $136.5MM over five years, though it’s worth noting that figure includes his $25MM salary for the 2023 season. In other words, that deal guaranteed Glasnow just $111.5MM in new money over four years.

The Yankees don’t appear to be interest in going to that level to secure Montgomery’s services, however. Sherman indicates that the club has “privately assessed” Montgomery to be a #3 starter, suggesting that the club’s range of comfort could be closer to the four-year, $80MM deal veteran southpaw Eduardo Rodriguez signed with the Diamondbacks back in December. While a gap of roughly $30MM is significant, it’s hardly completely insurmountable. New York reportedly made a six-year, $150MM offer to Snell back in January, suggesting a willingness to stretch their budget to land an arm of Montgomery’s caliber. Particularly in light of the sudden uncertainty the club’s rotation is facing with ace right-hander Gerrit Cole set to miss at least a couple of months to open the season, it would hardly be a surprise to see Montgomery and the Yankees find some common ground and work out a deal at some point.

The Mets’ interest, by contrast, does not appear to be as advanced as their AL counterparts. Sherman indicates that the club’s strategy regarding Montgomery is similar to the one they employed when negotiating with veteran DH J.D. Martinez, who eventually signed with them on a one-year deal that guarantees $12MM, though the majority of that money is deferred. That’s not to say that David Stearns’s front office values the two Boras Corporation clients identically; even considering the depressed market Montgomery is likely facing this late into his free agency, it would be a shock to see him sign a similar deal to the one inked by Martinez. Rather, it appears that the Mets don’t expect to get more deeply involved in Montgomery’s market unless his asking price drops into their established range of interest.

The 31-year-old would be a surefire upgrade to either club’s rotation if signed. Over the past three seasons, few pitchers have been more reliable than Montgomery, who sports a 3.48 ERA (121 ERA+) and 3.62 FIP across 94 starts. Only five pitchers—Cole, Nola, Dylan Cease, Kevin Gausman, and Jose Berrios—have started more regular season games over the past three years, and of that group only Cole and Gausman have posted a lower ERA during that time. With that being said, Montgomery’s lengthy free agency has wiped out the opportunity for him to have a normal Spring Training and will almost assuredly leave whatever club signs the southpaw to remain without him for at least the first few weeks of the regular season.

The New York clubs aren’t Montgomery’s only known suitors. The left-hander has frequently been tied to the Red Sox throughout the winter, and more recent reporting has connected him to Philadelphia as well. On the other hand, the rumor mill has been mostly quiet about Boston and Montgomery in recent weeks, while Phillies GM Dave Dombrowski told reporters (including Marcus Hayes of the Philadelphia Inquirer) that the club is not “actively seeking” free agent pitching at the moment, even in the wake of the news that right-hander Taijuan Walker will open the season on the injured list due to a shoulder impingement.

Yankees Planning To Add Nick Burdi To Opening Day Roster

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Right-handers Nick Burdi and Clayton Beeter have been told that they have won the camp competition for bullpen jobs, per Joel Sherman of The New York Post, though Sherman adds that the Yankees might still change their plans if other opportunities present themselves in the next few days. MLBTR covered Beeter’s news earlier today.

Burdi, 31, signed a minor league pact with the Yanks back in December and has impressed this spring. He had made seven appearances for the Yankees with 13 strikeouts, four walks and two earned runs allowed.

The righty brings a power arsenal, having averaged in the upper 90s with his fastball in his career. But his health, or lack thereof, has been a significant obstacle for him. He underwent Tommy John surgery in 2017, thoracic outlet syndrome surgery in 2019 and a second Tommy John in November of 2020.

Around all of those surgeries, Burdi has managed to throw 15 1/3 innings in the majors but has accrued almost four years of major league service time, most of that spent on the injured list. He has a 9.39 earned run average in that tiny sample of big league work, but with an impressive 36% strikeout rate. His 13.3% walk rate suggests a lack of control but it also might just be a symptom of so much missed time preventing him from getting into a rhythm. He’s also only thrown 21 minor league innings over the past five years due to those absences.

That makes him a real wild card, as he was once a dominant pitcher in college and the early parts of his minor league career but he has hardly pitched in recent seasons due to those significant surgeries.

He is not yet on the Yankees’ 40-man roster and will need to be added, but as Sherman points out, the club is still giving itself some wiggle room to change course. Teams around the league are making their final roster decisions this week, which is leading to various players being released, opting out or being designated for assignment. If the Yankees find someone in that pile who appeals to them, they may pivot away from Burdi. If they do, Sherman relays that the righty has an April 15 opt-out in his deal.

If Burdi does end up on the roster, the Yankees will need to make a corresponding move. It was reported two weeks ago that Oswald Peraza will be shut down for six to eight weeks due to a shoulder strain, so he could be moved to the 60-day injured list to open up a spot. Gerrit Cole is looking at several weeks of rest and recovery as he looks to get over his elbow issue, though the club may be reluctant to move him to the 60-day IL until they confirm that he can’t return before the end of May.

Right-hander Tommy Kahnle has some shoulder inflammation but Sherman relays that the Yankees are expecting him to be back about two weeks into the season. If that comes to pass, both Beeter and Burdi have options and can be sent to the minors to make room for him, though Burdi will need to officially take a spot on the 40-man roster first.

Yankees Name Luis Gil Fifth Starter; DJ LeMahieu To Start Season On IL

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Yankees manager Aaron Boone announced to the club’s beat last night that right-hander Luis Gil will be the club’s fifth starter to open the season, with Bryan Hoch of MLB.com relaying video of his comments on X. Joel Sherman of The New York Post reports today that right-hander Clayton Beeter has made the club, though Sherman adds it’s possible that a roster move in the coming days could lead to Beeter getting optioned (X links). Boone also says infielder DJ LeMahieu will start the season on the injured list, with Gary Phillips of the New York Daily News among those to relay the news.

A spot opened up at the back of the Yankee rotation with the recent injury to ace Gerrit Cole, who underwent various tests on his right elbow. Cole was recommended for non-surgical rehab for nerve inflammation and edema. Though it was surely good news that surgery wasn’t being recommended, the club would still need to figure out a plan to proceed without him for an undetermined amount of time, perhaps months.

Without Cole, four spots were taken by Nestor Cortes, Carlos Rodón, Marcus Stroman and Clarke Schmidt, leaving one open for a camp battle. As time went on, it seemed to come down to Gil and prospect Will Warren, with Gil getting the gig yesterday. Shortly after Boone announced Gil got the final spot, Warren was reassigned to minor league camp.

Gil, 26 in June, had an encouraging major league debut late in the 2021 season, as he posted an earned run average of 3.07 in six starts. He struck out a strong 29.5% of batters faced, though he also gave out free passes at a 14.7% rate. He would have been looking to build on that in 2022 but unfortunately landed on the injured list after just one start and eventually required Tommy John surgery in May. That put him out of action for the remainder of that season and most of 2023 as well. He returned to official game action in the minors leagues late last year, logging four innings in September.

That will likely leave Gil with some kind of workload limit here in 2024, since he hardly pitched over the past two years. In 2021, he logged 29 1/3 innings in the majors and 79 1/3 in the minors for a combined total of 108 2/3, his highest in any season thus far. He had a 3.97 ERA in those minor league innings that year. The minor leagues were canceled in 2020, meaning he wasn’t able to pitch in any official capacity.

Taking all of that into consideration, Gil shouldn’t be counted on to suddenly shoulder 200 innings this year, but the Yanks will stick with him as long he’s in good form and will presumably make a decision about the workload later. He posted a 2.87 ERA this spring with a 37.7% strikeout rate and 9.8% walk rate. In January, it was reported that the Yankees were awarded a fourth option on Gil, meaning they can send him to the minors at some point down the road.

Warren, 25 in June, is one of the club’s best pitching prospects. He threw 129 innings last year between Double-A and Triple-A with a 3.35 ERA, then had a 3.52 ERA here in spring action. He’s not yet on the 40-man roster, so it would have been a little bit trickier to pick him over Gil. But given his larger innings tally last year, he could be called upon later in the season if Gil needs to be shut down or if someone else gets hurt.

As for Beeter, 25, he’ll be making his major league debut as soon as he gets into a game. He was just added to the club’s roster in November, to keep him out of the Rule 5 draft. He had a 3.62 ERA last year, over 131 2/3 innings between Double-A and Triple-A. He struck out 28.8% of batters though had a concerning walk rate of 13.1%. He’ll break into the majors out of the bullpen, presumably providing the club some long relief innings alongside veteran Luke Weaver.

On the position player side of things, it was reported a week ago that LeMahieu was questionable for Opening Day after fouling a ball off his foot. It doesn’t seem as though it’s a terribly serious injury, but it’s enough to keep him from being available to start the season. Opening Day IL stints can be backdated by three days, so it’s possible he will just miss a week if he’s able to get over the issue in short order.

Though it may not be a long absence, it’s still not ideal for the 35-year-old to be dealing with an injury yet again. He dealt with quad and calf soreness last year and produced a roughly league average line of .243/.327/.390, wRC+ of 101. The Yanks would obviously love to have more, especially since LeMahieu hit .336/.386/.536 over 2019 and 2020. Boone said LeMahieu looked “more explosive” back in February, per Bryan Hoch of MLB.com, though he’s now once again hobbled by an unfortunate ailment.

In the meantime, Oswaldo Cabrera could step into the everyday third base role, which will leave open a bench role for someone like Jahmai Jones or Kevin Smith. Cabrera hit .247/.312/.429 in 2022 but then dropped to .211/.275/.299 last year, that latter line translating to a wRC+ of just 60. Smith isn’t on the 40-man roster but the Yanks could transfer Cole or Oswald Peraza to the 60-day injured list to open a spot. Peraza is going to be out of action for six to eight weeks due to a shoulder strain.

As clubs around the league cut down their rosters, there are plenty of guys getting cut loose who may pique the interest of the Yankees. As mentioned up top with Beeter, he could wind up getting optioned if the Yankees find a pitcher they like on waivers or someone entering free agency via a release or opt-out. The same could perhaps be true of their bench, as Cabrera steps in for LeMahieu.

AL East Notes: Holliday, Gil, Red Sox

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The Orioles shocked the baseball world yesterday by reassigning top prospect Jackson Holliday to minor league camp, effectively ending his bid to make the Opening Day roster. The consensus #1 prospect in the entire sport, Holliday has taken the minors by storm since being selected first overall in the 2022 draft. After hitting .297/.489/.422 in 20 games down the stretch the year he was drafted between rookie ball and Single-A, Holliday tore through the minors in 2023 to advance all the way to the Triple-A level before the end of his first full season as a pro. In 125 games last year, Holliday slashed .323/.442/.499, including a strong .338/.421/.507 showing in 36 games at the Double-A level. The youngster continued to tear the cover off the ball this spring as well, slashing .311/.354/.600 across 15 games during camp.

GM Mike Elias today explained the club’s decision to start Holliday in the minor leagues after that incredible performance to reporters, including MASN’s Roch Kubatko. Among the reasons Elias listed for Holliday not breaking camp with the Orioles was his lack of experience against left-handed pitching. Holliday’s numbers against southpaws last year, while decent, were not at the same caliber as those he posted against right-handed pitching. While he crushed righties to a .331/.437/.551 slash line, his 124 trips to the plate against lefties last year saw him hit just .296/.387/.389. Elias also suggested that Holliday’s minimal experience at second base- where the club plans to play him in the majors- was another motivating factor behind Holliday’s demotion. The youngster has started primarily at shortstop throughout his professional career and has only 25 appearances at the keystone in 145 career minor league games.

Of course, those reasons for sending Holliday to the minors to open the year, however valid they may be, won’t outweigh the impact the move could have on Holliday’s future team control in the eyes of many. A player must be on the major league roster or injured list for at least 172 days of the 187-day season to earn a full year of service time. In other words, if Holliday spends at least 16 days in the minors this year, the Orioles could gain an additional year of team control over the up-and-coming star. Of course, if Holliday were to finish in the top two of AL Rookie of the Year voting this year, he would still be granted a full year of service time even if he spends less than 172 days in the majors this year. It’s also possible the club could reverse course in the early days of the season and call Holliday up in time for him to receive a full service year, in which case the club would receive a draft pick in the event that Holliday wins Rookie of the Year this season or finishes in the top 3 of AL MVP voting during his pre-arbitration seasons.

More from the AL East…

  • The Yankees are “seriously considering” right-hander Luis Gil as their fifth starter to open the season, according to Joel Sherman of the New York Post. Sherman adds that Gil wouldn’t have any innings restrictions in such a scenario despite having 29 2/3 innings of work across the past two seasons due to Tommy John surgery and the subsequent rehab. With ace Gerrit Cole set to miss the early months of the season due to nerve inflammation in his elbow, the Yankees will need an additional starter to pair with Carlos Rodon, Nestor Cortes, Marcus Stroman, and Clarke Schmidt in the rotation. Barring an external addition, Sherman indicates that the fifth spot in the rotation is likely to come down to either Gil or Will Warren, a 24-year-old righty who posted a 3.35 ERA in 129 innings between the Double- and Triple-A levels last year. Gil is the more experienced hurler of the two, with 33 1/3 innings in the majors under his belt. Those seven starts in the big leagues came during the 2021 and 2022 seasons and saw Gil pitch to a solid 3.78 ERA with a 4.12 FIP.  [UPDATE: Gil has indeed won the fifth starter’s job, Boone told the New York Post’s Greg Joyce and other reporters today.]
  • Center field prospect Ceddanne Rafaela will break camp with the Red Sox to open the season, Alex Cora told reporters (including Alex Speier of the Boston Globe) this afternoon. Rafaela has appeared likely to make the club in the aftermath of injuries suffered by both second baseman Vaughn Grissom and outfielder Rob Refsnyder this spring. The 23-year-old has experience both on the infield dirt and in the outfield, though he figures to see the bulk of his playing time in center field as part of an outfield mix that also contains Tyler O’Neill, Jarren Duran, Wilyer Abreu, and Masataka Yoshida. Rafaela made his big league debut last season with a 28-game cup of coffee that saw him hit just .241/.281/.386 in 89 plate appearances, though he slashed a far more impressive .312/.370/.618 in 60 games at the Triple-A level last year.
  • Sticking with the Red Sox, veteran catcher Roberto Perez won’t be opting out of his minor league deal with the club according to Chris Cotillo of MassLive. Perez, 35, has spent the majority of his career in Cleveland and is regarded as one of the finest defensive catchers in the game, though he’s slashed just .169/.268/.288 since the start of the 2020 season and was limited to just 5 games in the majors last year before undergoing season-ending shoulder surgery. Should the club stick with its current catching tandem of Reese McGuire and Connor Wong, that would leave Perez likely ticketed for Triple-A to open the season, where he’d serve as an excellent non-roster depth option for the Red Sox in the early part of the season. As an Article XX(B) free agent, Perez will have additional opportunities to opt-out of his deal with the club on May 1 and June 1 should he decide to test the open market later this season.

Yankees, Jordan Montgomery Have Reopened Discussions

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The Yankees are “back in contact” with Jordan Montgomery’s camp at the Boras Corporation, reports Jon Heyman of the New York Post. Heyman adds that there’s still a gap between the southpaw’s asking price and the team’s comfort level.

Montgomery is the highest-profile player available in free agency. He’s not the last notable Boras Corp. client who remains unsigned — J.D. Martinez has also lingered on the market — but he is the final member of the top group that included Cody Bellinger, Matt Chapman and Blake Snell. All of those players eventually moved to short-term guarantees (three years for the position players, two for Snell) that allow them to opt out next offseason.

The 31-year-old Montgomery has reportedly been less amenable to that kind of arrangement. Heyman wrote that Montgomery was looking for a seven-year pact as recently as March 8. Early in the winter, his camp had tried to beat the $172MM guarantee which Aaron Nola landed to return to Philadelphia. Neither mark seems especially plausible just a week before Opening Day.

Part of Montgomery’s aversion to a short-term pact could be the qualifying offer. Since he was traded from the Cardinals to the Rangers midway through the 2023 season, he was ineligible to receive the QO. He hit this year’s market unencumbered by draft compensation. Each of Snell, Bellinger and Chapman declined a QO. They’re all ineligible to receive the offer again, as the collective bargaining agreement prevents a player from being tagged more than once in his career.

Montgomery could still receive the QO in a future winter, which could make the possibility of retesting free agency in a year comparatively less appealing. As MLBTR’s Darragh McDonald explored this afternoon, one option would be to wait until after the start of the regular season to sign. Only players who are on the same team for the entire preceding season can receive a qualifying offer.

It’s not clear how much that’s a calculus in Montgomery’s decision. Perhaps he was simply the most patient of the group in hoping that a long-term pact would present itself. That was clearly what he envisioned when he hit the open market after helping Texas to the first World Series in franchise history. Montgomery is coming off a personal-low 3.20 ERA in the regular season. He has reached 30 starts while allowing fewer than four earned runs per nine in each of the last three years.

For many players, the market simply hasn’t materialized the way they’d anticipated. The Rangers have cited concern about their local broadcasting contract as a reason for a relatively quiet offseason. Texas took a reduced rights fee to keep their contract with Diamond Sports Group for another season. While their deal had previously paid a reported $111MM annually, Heyman reported yesterday that they’ll receive $90MM for this year. There’s still broad skepticism about Diamond’s viability beyond the upcoming season.

The Yankees have no such concern about their television contract, as they’re very well positioned as co-owners of the YES Network. Their major spending deterrent is the luxury tax. New York is beyond the $297MM figure that marks the fourth tier of penalization. They’ve paid the CBT for two consecutive seasons, subjecting them to the highest penalties. The Yankees would owe a 110% tax on the average annual value of any additional signing.

That has evidently kept them from addressing a rotation that looks tenuous. Gerrit Cole will be out into May or June after experiencing elbow inflammation. New York parted with Michael King, Jhony Brito, Randy Vásquez and Drew Thorpe in the Juan Soto trade. Their only significant rotation acquisition this offseason has been a two-year deal for Marcus Stroman.

New York announced that Nestor Cortes will take the ball on Opening Day. He’ll be followed in the rotation by Carlos Rodón, Stroman and Clarke Schmidt. The fifth spot could fall to swingman Luke Weaver or a young pitcher like Clayton Beeter, Luis Gil or Will Warren. That’s already a risky group and there’s not much proven depth if anyone else from the top four suffers an injury.

Montgomery probably wouldn’t step into the Opening Day rotation given his lack of competitive Spring Training work, but he has been incredibly durable since undergoing Tommy John surgery in 2018. There’s a clear on-paper fit for a return to the Bronx. While Montgomery had some parting shots for the front office after being traded to St. Louis at the ’22 deadline, Stroman had also publicly criticized the Yankees before signing his deal. Montgomery has been loosely linked to the Red Sox and Mets in recent weeks, yet neither franchise seems keen on making a significant investment at this point of the offseason.

Yankees Still Looking To Add Starting Pitching

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The Yankees were frequently connected to Blake Snell while he was a free agent, but the lefty reportedly agreed to a two-year, $62MM deal with the Giants last night. Though Snell is off the board, the Yanks are still in the market for starting pitching, per Jon Heyman of The New York Post.

It’s understandable that the Yanks are still on the hunt for arms. They were often connected to Snell even before the recent news that ace Gerrit Cole is going to miss significant time due nerve inflammation and edema in his elbow.

Though the desire to add Snell seemed to be real, it appeared that the competitive balance tax was too much of an obstacle. The Yankees are set to be third-time payors of the tax and are already over the fourth and final threshold, meaning they face a 110% tax on any further spending. Snell didn’t find the long-term deal he was looking for, reportedly turning down a six-year, $150MM offer from the Yanks, and pivoted to a short-term pact with a high average annual value. Had the Yankees matched the $31MM AAV Snell got from the Giants, they would have had to pay $34.1MM in taxes as well.

That concern seemingly had them leaning towards a trade for Dylan Cease, since he’s still in his arbitration years and making just $8MM this year. But the Yanks missed out there as well, with Cease eventually getting shipped from the White Sox to the Padres. Heyman adds that they haven’t made much traction with other trade targets, such as Jesus Lúzardo of the Marlins.

But the need for reinforcements is apparent when looking at the rotation without Cole. Nestor Cortes went on the injured list due to a rotator cuff strain on two occasions last year and finished the season with a 4.97 ERA in 63 1/3 innings. Carlos Rodón dealt with a forearm strain and hamstring strain and posted a 6.85 ERA in his 64 1/3 innings. Marcus Stroman had a great first half but issues with his hip and rib cartilage pushed his ERA up to 3.95 by the end of the year.

Those three have each had much better results in the past but they are sort of wild cards now after their frustrating campaigns. Backing them up will be Clarke Schmidt, who had a 4.64 ERA last year. There would still be one spot open, with pitchers like Luke Weaver, Luis Gil, Clayton Beeter and Will Warren potential options. Weaver has finished three of the last four seasons with an ERA of 6.40 or higher. Gil underwent Tommy John surgery in May of 2022 and missed most of the last two years. Neither Beeter nor Warren have made their major league debuts yet.

The Yankees will understandably be open to upgrading that group, especially for a season in which they are clearly committed to winning. They sent five players to the Padres to get one season of Juan Soto, and two of Trent Grisham, and will pay Soto $31MM plus taxes in the process.

Opening Day is next Thursday but the club still has options, with various pitchers still unsigned thanks to this slow offseason. The club has been connected to pitchers like Michael Lorenzen and Jordan Montgomery, both of whom remain unsigned. Free agency also features guys like Mike Clevinger, Johnny Cueto and Noah Syndergaard. Earlier this month, reporting suggested Montgomery was still holding out for a seven-year deal but the other guys won’t require significant expenditures to sign.

With the start of the season so near, there would naturally be concern about a pitcher getting stretched out after missing so much of Spring Training. It seems Lorenzen has been getting himself ready on his own, per Ken Rosenthal of The Athletic, who relays footage from Lorenzen’s agent of the righty throwing. Rosenthal reports that the righty recently threw 70 innings, getting up and down four times. He would likely still require some official game action but it doesn’t seem as though he would require a traditional six-week ramping up period.

Lorenzen has reportedly been seeking a two-year deal while also receiving interest from clubs like the White Sox and Mets.

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