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Dodgers Sign Miguel Rojas To Contract Extension

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The Dodgers and infielder Miguel Rojas have agreed to a contract extension that will keep Rojas in Los Angeles through at least the 2024 season, according to Daniel Alvarez-Montes of El Extrabase (Twitter link and link to the Spanish-langugage full story).  Rojas was already set to earn $5MM in 2023, but this new deal reworks that money into a $3.5MM salary and a $1.5MM signing bonus.  Rojas will then earn another $5MM in 2024, and the Dodgers hold a $5MM club option on Rojas for 2025, with a $1MM buyout.

All told, it adds up to another $6MM in guaranteed money for the Beverly Hills Sports Council client.  Rojas had previously been playing on a two-year, $10MM deal signed when he was a member of the Marlins, and that extension covered the 2022 and 2023 seasons.

Breaking into the majors with the Dodgers in 2014, Rojas was dealt to the Marlins during the 2014-15 offseason and then established himself as a leader on and off the field in Miami.  Rojas moved from a utility role to regular duty as the Marlins’ shortstop, and his consistently strong defense provided value to club even if his offense was generally below average.  Rojas had a 91 wRC+ from 2015-21, but he dropped to a 73 wRC+ in 2022 on the heels of a .236/.283/.323 slash line over 507 plate appearances.

Wrist problems may have contributed to Rojas’ underwhelming season, as he underwent surgery on his wrist back in October.  Reports circulated last month that Rojas was also going to undergo another procedure, and the infielder told reporters (including the Orange County Register’s Bill Plunkett) today that he had a loose piece of bone removed from his right hand three weeks ago.  The surgeries won’t appear to have set Rojas back, as he is already hitting off a tee and has expressed interest in playing for his native Venezuela in the World Baseball Classic if healthy.

Despite the injuries and the 2022 numbers, the Dodgers still traded for Rojas in January, as L.A. dealt Jacob Amaya (a strong-fielding prospect with some questions about his bat) to Miami in the straight-up swap.  With Trea Turner now a Phillie and Gavin Lux slated to take over as the everyday shortstop, adding Rojas gives the Dodgers a capable veteran who can perhaps fill in at short if Lux has any trouble adjusting, and otherwise serve as depth around the infield.

The extension is a nice early birthday present for Rojas (who turns 34 later this month) and it also underscores the Dodgers’ belief that the veteran can be a key contributor to the roster.  Shorter-term extensions have been a favored tactic for president of baseball operations Andrew Friedman as of late, as Los Angeles also inked such players as Max Muncy, Blake Treinen, Daniel Hudson, and Austin Barnes to deals that give the Dodgers up to two years of extra control.  In the first three of those instances, the Dodgers made an early guarantee on a 2023 club option, and added another club option year to the back end of the contract.

Rojas’ deal is a little different since he was already under contract for 2023.  From a luxury tax perspective, the extension slightly raises Rojas’ tax number from $5MM to $5.5MM, which is the new average annual value of what is technically a two-year deal (since his 2023 salary was reworked) for accounting purposes.  While Los Angeles had soared over the Competitive Balance Tax threshold in each of the last two seasons, there was some thought that the club might look to duck under the line and reset its tax penalty status, with an eye towards going back into CBT territory next winter.  But, with the Dodgers now projected to be slightly over the $233MM threshold, Friedman said this week that the Dodgers were “doing all we can to win a championship this year,” rather than keep an eye on the tax bill by trading players.

Jake McGee Retires

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Longtime MLB reliever Jake McGee is retiring, he tells Marc Topkin of the Tampa Bay Times. The 36-year-old said he’ll return to Tropicana Field at some point next season to celebrate his time with the Rays’ organization.

“I feel like it’s kind of the right time,” McGee said. “I’d rather be at home with my family. I played 13 years. I won a World Series in ‘20. It’s about time to stop. I don’t want to grind it out and keep bouncing around and stuff like that.” He tells Topkin that a combination of ongoing knee issues and a desire to spend more time with his wife and their daughter contributed to his decision to step away at this point.

McGee entered the professional ranks nearly two decades ago. Drafted by the then-Devil Rays in the fifth round in 2004 out of a Nevada high school, he spent a few seasons climbing the minor league ladder as a starting pitcher. He thrice appeared among Baseball America’s top 100 prospect list, peaking at 15th heading into the 2008 season. While initial reports of a potential future as a top-of-the-rotation starter didn’t materialize — perhaps in part due to a 2008 Tommy John procedure — McGee took off upon moving to the bullpen in 2010.

The southpaw made his big league debut as a September call-up that year, not long after his 24th birthday. He bounced on and off the MLB roster the following season and carved out a permanent bullpen role by 2012. McGee posted a sparkling 1.95 ERA with a massive 34.4% strikeout rate across 55 1/3 innings, kicking off a few seasons as one of the game’s best relief weapons.

Over a three-year stretch from 2012-14, McGee avoided the injured list and soaked up 189 1/3 frames of 2.61 ERA ball. His 31.9% strikeout percentage over that run ranked 13th among relievers with 100+ innings and only seven relievers had a larger gap between their strikeout and walk rates. While he never made an All-Star team, he was clearly among the sport’s top high-leverage arms.

The 2015 season was McGee’s final with the Rays. It proved a challenge, as he was delayed to start the year by offseason elbow surgery and tore the meniscus in his left knee late in the season. When healthy enough to take the mound, he had another excellent showing. McGee twirled 37 1/3 innings with a 2.41 ERA and 32.7% strikeout percentage.

With Tampa Bay coming off an 80-82 record and McGee two seasons from free agency, he became one of the following offseason’s more intriguing trade chips. The Rays eventually packaged him with then-prospect Germán Márquez to the Rockies for outfielder Corey Dickerson and minor league infielder Kevin Padlo. The deal paid particular dividends for Colorado with Márquez’s emergence into staff ace, but McGee himself had a solid run early in his time there.

After a disappointing 4.73 ERA showing during his first season as a Rockie, he bounced back to the tune of a 3.61 mark across 57 1/3 innings in 2017 — helping the team to a Wild Card berth. That’s no small feat in the sport’s most hitter-friendly home venue, and the Rox kept him around via free agency. He signed a three-year, $27MM deal over the 2017-18 offseason, part of a bullpen spending spree that also saw Colorado bring in Bryan Shaw and Wade Davis.

That didn’t pan out as the organization hoped. Each of Shaw, McGee and Davis struggled to varying degrees. Home runs became a particular issues in McGee’s case, as his heavy reliance on four-seam fastballs up in the strike zone lost effectiveness when his velocity dipped a couple ticks during the 2018-19 seasons. The Rockies released McGee two seasons into the contract, but he promptly kicked off a late-career renaissance with a pair of division rivals.

Signing with the Dodgers for the shortened 2020 campaign, McGee ranked fifth among qualified relievers with a 41.8% strikeout rate over 24 outings. He saw some action in both the Championship Series and the World Series, getting into one game during a Fall Classic against his original organization. The Dodgers defeated the Rays in six games to win the only championship of McGee’s career, though he was part of another very successful club in San Francisco the next season.

He inked a two-year, $7MM deal with the Giants. During the first season, he picked up mostly where he’d left off in L.A. McGee’s strikeouts fell back to 24.3%, but he was among the game’s stingiest at avoiding walks and posted a 2.72 ERA through 59 2/3 innings. He assumed the closing role for a good chunk of the year, saving 31 of San Francisco’s 107 wins. The Giants edged out the Dodgers in a tight NL West race but saw L.A. get their revenge in a five-game Division Series that October.

The 2022 season, which’ll prove to be McGee’s last, was a struggle. He was hit hard through 24 contests in San Francisco, leading to his release in July. The veteran caught on briefly with the Brewers and Nationals at points during the second half but didn’t find much success at either stop. His final outing came in early September before Washington released him.

While he didn’t punctuate things with a great season, McGee steps away with a very strong body of work. He pitched for six different clubs over a 13-year MLB career, posting a cumulative 3.71 ERA through 572 1/3 innings. He struck out 613 of the 2359 batters he faced, a strong 26% clip. McGee finished 182 contests and collected 79 saves while holding 141 more leads and was credited with 32 wins. He had five separate seasons with a sub-3.00 ERA and four years in which he fanned upwards of 30% of opponents. According to Baseball Reference, he collected more than $37MM in earnings along the way.

MLBTR congratulates McGee on an excellent run and wishes him the best in his post-playing days.

Image courtesy of USA Today Sports.

Royals Re-Sign Zack Greinke

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TODAY: The Royals officially announced Greinke’s new deal.  According to Jon Heyman of the New York Post (Twitter link), Greinke will earn $8.5MM in guaranteed money, with up to $7.5MM more available in incentives.

JANUARY 30: The Royals have reached agreement on a one-year contract to bring back veteran starter Zack Greinke, according to Bob Fescoe of 610 Sports Radio in Kansas City. MLB.com’s Mark Feinsand hears that the deal will be worth $8-10MM in base salary, plus performance-based bonuses. Greinke is a client of Excel Sports Management.

Greinke began his professional career with the Royals way back in 2002 as the No. 6 overall pick in that year’s MLB Draft. He made his big league debut in KC in 2004 and spent his first seven seasons there, highlighted by an AL Cy Young Award win in 2009. Following successful stints with the Brewers, Angels, Dodgers, Diamondbacks and Astros between 2011-2021, the eccentric right-hander returned to his old stomping grounds in 2022 and worked to a 3.68 ERA in 26 starts covering 137 innings.

His paltry 4.8 K/9 last year was a career-low and ranked as the worst K/9 of all 90 major league pitchers who logged at least 130 innings over the course of the 2022 regular season. But the 39-year-old showed terrific control (1.8 BB/9) and was generally able to induce more soft contact than hard contact to help pave over his diminished swing-and-miss stuff. Among the 585 total batters he faced during the 2022 campaign, Greinke surrendered only 14 home runs. That worked out to a 0.92 HR/9, putting him right around rising studs like Nestor Cortes, Logan Gilbert, Ranger Suarez and George Kirby.

Greinke can hopefully again serve as an innings-eater and clubhouse mentor for a Royals rotation that has undergone a few offseason changes but will still be relying on a lot of youth pushing forward. Brady Singer, 26, stands out as somebody who made significant gains in 2022, perhaps thanks in part to Greinke’s tutelage. Brad Keller, 27, and Daniel Lynch, 27, could use a similar type of molding.

Greinke figures to be named the Opening Day starter for the Royals in 2023, as he was last year. Singer and Keller project to fall in somewhere behind him, along with newcomers Jordan Lyles and Ryan Yarbrough. Kansas City finished 27th among all 30 teams in combined starter ERA (4.76) in 2022, despite Greinke’s contributions and Singer’s mini-breakout. KC’s combined starter K/9 of 6.9 ranked 28th.

Orioles To Decline Five-Year Lease Extension At Camden Yards, Seeking Longer-Term Agreement With Maryland Stadium Authority

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The Orioles are passing on their opportunity to trigger a five-year extension of their lease at Camden Yards, reports Jeff Barker of the Baltimore Sun. According to Barker, the team is in search of “a longer-term, more comprehensive stadium agreement” with the Maryland Stadium Authority.

The Orioles’ lease at Camden Yards remains in effect through the end of the 2023 calendar year. The team faced a decision on whether to tack on additional five seasons to remain in their lease through 2028, a condition of a February 2021 extension agreement between the franchise and the MSA. Barker writes the club is optimistic about its chances of hammering out a longer deal, one which might include upgrades to the ballpark and potential development projects in the surrounding area.

That’s a hopeful indicator for fans in the area who might be apprehensive about the possibility of losing the franchise. Those worries won’t be officially quelled unless and until a new agreement is finalized, however. The sides now have 11 months to do so before the current agreement expires. Barker reports the organization is seeking a deal of 10-15 years in length and is hopeful to get something done by the All-Star Break. A recent Maryland law would allow the MSA to borrow up to $600MM for Orioles’ stadium upgrades (with a matching amount available for the NFL’s Ravens) but requires a longer-term deal than the five-year pact the O’s were deciding upon today, Barker notes.

The sides could still pivot to negotiate another short-term extension akin to the one agreed upon two years ago. That’d appear a fallback to their desired goal of a significantly longer commitment, one that’ll remain a key story for the franchise over the coming months.

After this news broke, the club issued a press release with quotes from Maryland Governor Wes Moore as well as O’s Chairman and CEO John Angelos. “When Camden Yards opened thirty years ago, the Baltimore Orioles revolutionized baseball and set the bar for the fan experience,” Moore says in the statement. “We share the commitment of the Orioles organization to ensuring that the team is playing in a world-class facility at Camden Yards for decades to come and are excited to advance our public-private partnership. We look forward to writing the next chapter of major league baseball in Maryland as we continue to make magic for fans and meaningful investment for communities across our state.”

“I am looking forward to continuing to collaborate with Governor Moore, his administration, and the Maryland Stadium Authority in order to bring to Baltimore the modern, sustainable, and electrifying sports and entertainment destination the State of Maryland deserves,” Angelos says in the same press release. “We greatly appreciate Governor Moore’s vision and commitment as we seize the tremendous opportunity to redefine the paradigm of what a Major League Baseball venue represents and thereby revitalize downtown Baltimore. It is my hope and expectation that, together with Governor Moore and the new members and new chairman of the MSA Board, we can again fully realize the potential of Camden Yards to serve as a catalyst for Baltimore’s second renaissance.”

The lease uncertainty comes at a time when the franchise’s ownership situation is the subject of controversy. Longtime O’s owner Peter Angelos is now 93 years old, and his sons Louis and John are embroiled in a legal battle. Louis Angelos has sued his brother and mother Georgia Angelos, alleging that John Angelos has blocked his mother’s wishes to sell the franchise and that John and Georgia have seized control of Peter Angelos’ assets in the Orioles and his law firm at Louis’ expense. Louis also implied that John Angelos could eventually attempt to move the franchise to Tennessee, something John Angelos has strongly denied.

John Angelos was part of a promotional event with Baltimore mayor Brandon Scott on Martin Luther King Jr. Day to announce the creation of a scholarship for local schools. Angelos, however, refused to entertain a question from Dan Connolly of the Athletic about the franchise’s ownership situation, bizarrely calling it “(an inappropriate) subject matter for this day” (video link provided by Paul Gessler of CBS Baltimore). He did reiterate, however, that “we’re not going anywhere.” Angelos expressed openness to showing Connolly and other reporters the organization’s financials and specifics of the ownership structure at another point. There’s no indication that process has been set up.

Mariners, Dylan Moore Agree to Three-Year Extension

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The Mariners and infielder/outfielder Dylan Moore are in agreement on a three-year extension to avoid arbitration, reports Jeff Passan of ESPN. Moore will earn $8.875MM over the course of the pact, with escalators that could push his earnings beyond $9MM. There are no options in the deal. This deal buys out his two remaining arbitration seasons and one free agent year.

Moore, 30, has been a fixture of the Mariners for the past four seasons in a sort of Swiss army knife capacity, providing the club with a little bit of everything. He’s appeared in 381 games in that time, playing every position on the diamond except catcher, even including one inning on the mound in 2019. He’s probably stretched as a shortstop, since all three of Defensive Runs Saved, Outs Above Average and Ultimate Zone Rating all give him negative grades there, but they all like his work in the outfield and at second base, with his marks at other positions coming in around average.

He’s hit 35 home runs in his 1,073 plate appearances and also stolen 65 bases. His 30% strikeout rate is certainly on the high side, but he’s also drawn walks at a strong 10% rate and has a career batting line of .208/.317/.384. That production has amounted to a wRC+ of 100, indicating he’s been exactly league average at the plate for his career. That performance at the plate has been fairly inconsistent, with Moore hitting very well in 2020 but following it up with a rough showing the year after. His .255/.358/.496 batting line in the shortened season led to a 140 wRC+ but he hit just .181/.276/.334 in 2021 for a wRC+ of 74. It’s possible that a lot of bad luck was hounding him that year, as he had just a .229 batting average on balls in play, almost 100 points shy of the year prior. He put that misfortune behind him with a strong .224/.368/.385 line last year for a 126 wRC+.

Moore first qualified for arbitration a year ago and earned a salary of $1.35MM. For the upcoming season, he was projected to get a bump to $2MM by MLBTR contributor Matt Swartz but he and the club couldn’t come to an agreement prior to the filing deadline a few weeks ago. He submitted a figure of $2.25MM with the club filing at $1.9MM, though they’ve now agreed to a longer commitment instead of going to a hearing over that difference. Since he was a late bloomer, he didn’t make it to the big leagues until he was 26 and wasn’t slated to reach the open market until after his 32nd birthday, but he’s carved a role for himself in Seattle and found a way to lock in some sizeable earnings.

Moore underwent surgery in the offseason to address a core injury that he sustained at the end of last season. That procedure came with a 6-8 week recovery estimate, indicating Moore should be good to go for the upcoming season. Mariners president of baseball operations Jerry Dipoto recently revealed that Moore might be slightly behind his teammates when Spring Training begins, but it doesn’t seem as though the club has any significant concerns about Moore’s health, given their investment in him.

He might not have a direct path to regular playing time at the moment, but given his ability to play just about anywhere, he will surely find a way in there as injuries and underperformance will inevitably crop up somewhere. The regular infield alignment for the M’s will likely have Ty France at first, Kolten Wong at second, J.P. Crawford at shortstop and Eugenio Suarez at third. The outfield mix includes Julio Rodríguez in center, with Teoscar Hernández, AJ Pollock, Jarred Kelenic and Taylor Trammell candidates for time in the corners or as the designated hitter. Tommy La Stella, Sam Haggerty and Moore should all be on the roster as well, filling in at various spots as needed.

Blue Jays Sign Chad Green

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The Blue Jays have signed right-hander Chad Green to a deal that will reportedly guarantee him $8.5MM over two years. He will make $2.25MM in 2023 and then Jays will then have the option of triggering a $27MM option for the next three years, with up to $1MM in bonuses. If they decline, Green’s player option for 2024 will be for $6.25MM with $2MM in bonuses. If he declines that, the Jays can trigger a two-year, $21MM option with $1MM in bonuses. Since player options are considered guaranteed, the $8.5MM figure comes from the 2023 salary and 2024 player option. Green is a Frontline client.

Green, 32 in May, has been serving as a quality reliever for the Yankees for the past seven seasons but was sidelined in May of last year and underwent Tommy John surgery shortly thereafter. This deal provides both parties with a bit security for the future. If Green comes back healthy and looks like his old self, the Jays can get some long-term value out of their investment by keeping him around for future seasons. If Green should suffer some kind of setback or struggle to get back on track in his return, he will at least be able to lock in some salary for 2024.

An 11th round draft pick of the Tigers in 2013, Green and Luis Cessa went to the Yankees in the December 2015 trade that sent Justin Wilson to Detroit. He was primarily a starter at that time and made his MLB debut in 2016 in a swing capacity. That was essentially the end of his time as a true starter, as the Yanks converted him to relief on a full-time basis. He did make one start in 2017 and 15 in 2019, but those were of the “opener” variety, none of them longer than two innings.

Since making that transition, he has somewhat quietly been one of the most effective relievers in the league. Over the past six major league seasons, he’s pitched 338 innings over 260 total appearances with a 2.96 ERA, striking out 33.4% of batters faced while walking just 6.1%. Among relievers to throw over 300 innings in that stretch, he ranks fourth in strikeout rate, trailing only elite guys Josh Hader, Edwin Díaz and Liam Hendriks and coming in ahead of Kenley Jansen and Ryan Pressly. Green was never given the closer’s role due to the presence of Aroldis Chapman, tallying just 11 saves in his career so far, but he does have 52 holds.

The Tommy John surgery was quite poorly timed for Green, as he was just a few months away from qualifying for free agency. He would have been one of the top relievers this offseason if not for that. However, if he can return to the mound and post results similar to those already on his track record, he’ll still wind up with a nice payday. After making $2.25MM this year, if he Jays pick up that three-year option, he’ll get to $29.25MM in earnings. That’ll be just a bit shy of some other deals for notable relievers this offseason, such as the $32MM for Jansen, $33MM for Taylor Rogers and $34.5MM for Rafael Montero.

For the Jays, this won’t affect their bullpen immediately but it will potentially give them a boost at some point later this year. They will likely have Jordan Romano in the closer’s role, with other high-leverage jobs going to pitchers like Yimi García, Erik Swanson, Anthony Bass and Tim Mayza. Once Green is able to return, he will jump into the mix with that group. The Jays will now have two pitchers potentially bolstering their staff midway through the upcoming campaign, as Hyun Jin Ryu also underwent TJS last year and is targeting a return around the All-Star break.

Financially, this nudges the Jays slightly farther into luxury tax territory. Roster Resource now pegs their competitive balance tax figure at $246MM, about $13MM beyond the $233MM threshold. As a first-time payor in the lowest tax bracket, the club is subject to a 20% tax on its overages, currently just over $2.5MM.

Michael Marino of Fantrax first reported the Jays and Green were in agreement. Shi Davidi of Sportsnet for had the $8.5MM guarantee and presence of options for 2025 and 2026, as well as later adding the breakdown of the options (Twitter links). Ken Rosenthal of The Athletic first added the complex option framework and that Green passed his physical (Twitter links).

Rays Extend Yandy Diaz

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Jan. 31: The Rays have formally announced their extension with Diaz. Marc Topkin of the Tampa Bay Times tweets that Diaz will be paid $6MM in 2023, $8MM in 2024 and $10MM in 2025. There’s a $12MM option for a fourth season, which does not contain a buyout.

Jan. 28: The Rays and infielder Yandy Diaz are close to finalizing a contract extension, MLB.com’s Mark Feinsand reports (Twitter link).  The deal is a three-year, $24MM pact that contains a club option for the 2026, according to Feinsand and his MLB.com colleague Juan Toribio (via Twitter). Diaz is represented by ACES.

The extension would cover Diaz’s final two years of arbitration control and at least one of his free agent-eligible seasons.  Diaz and the Rays were slated for an arbitration hearing to determine his 2023 salary after not reaching an agreement by the filing deadline — Diaz was looking for $6.3MM and the club countered with $5.5MM.

Instead, it now looks like Diaz will be the third hearing-bound Tampa Bay player to sign an extension this week.  Jeffrey Springs signed a four-year, $31MM extension on Wednesday, while Pete Fairbanks agreed to a deal worth $12MM over three guaranteed years on Friday.  An arb hearing is usually the result when the two sides don’t agree on a one-year salary prior to the figure-exchange deadline, yet clubs often try to pursue multi-year deals as something of a loophole around the self-imposed “file and trial” strategy deployed by most of the league.

Diaz, Springs, and Fairbanks were three of seven Rays players that didn’t agree to terms by the deadline, and even the remaining group of four (Harold Ramirez, Colin Poche, Ryan Thompson, Jason Adam) still represents an unusually large number of players to be headed for hearings.  It certainly wouldn’t be surprising to see the Rays work out at least one more extension before hearings start taking place in the coming weeks.

For Diaz, the new contract locks in some long-term security and the first major payday for a player who turned 31 last August.  Beginning his career in his native Cuba, Diaz was twice arrested before finally defecting on his third attempt, and then signed with Cleveland for a $300K bonus.  Diaz didn’t make his MLB debut until 2017, when he was already 25 years old.

Back in December 2018, a headline-grabbing three-team trade between the Rays, Indians, and Mariners saw Diaz head from Cleveland to Tampa as part of the five-player swap.  The Rays had interest in Diaz’s ability to make contact and draw walks, and those skills have certainly translated as Diaz’s career has progressed.  Since the start of the 2020 season, Diaz ranks sixth among all qualified hitters in walk rate (13.7%) and ninth in strikeout rate (13.1%).

Diaz hit .266/.359/.418 over his first three seasons with the Rays, good for a solid 117 wRC+ over 1026 plate appearances.  However, Diaz took the production up a level last season, posting a 146 wRC+ while hitting .296/.401/.423 with nine home runs over 558 PA, and finishing with elite percentiles in several major Statcast categories.  For a right-handed batter, Diaz’s career numbers against left-handed pitchers had been relatively modest heading into 2022, but last year he crushed southpaws to the tune of an .892 OPS over 145 PA.

One flaw in Diaz’s performance was a lack of glovework, as public defensive metrics have indicated that he has been well below average over 1282 1/3 innings as a third baseman over the last two seasons.  This stands out even more on a defense-conscious club like Tampa Bay, though the Rays might ideally look to use Diaz more often as a first baseman in 2023 or over the course of the longer-term deal.

In the big picture, locking up Diaz seems like a shrewd move for Tampa.  While a 146 wRC+ is a high-water mark for Diaz, there wasn’t much (apart from a spike in hard-hit ball rate) to suggest that his 2022 numbers were a departure from his prior career numbers, so it’s reasonable for the Rays to expect roughly similar production going forward over the life of Diaz’s deal.

Perhaps the most intriguing element is that the Rays have now extended a 31-year-old player, as it is fairly common for the team to shop players as they get increasingly expensive.  There hadn’t been any real trade buzz surrounding Diaz, however, and thus the Rays have now locked up three members of their infield (Diaz, Wander Franco, and Brandon Lowe) though possibly the 2026 season, depending on the status of club options for Diaz and Lowe.  Of course, the Rays could still end up shopping Diaz, Lowe, or conceivably even Franco down the road, especially if the club continues to generate quality infield prospects from its minor league pipeline.

Between the yet-unknown specifics of Diaz’s contract numbers and the unresolved arbitration cases, the Rays are likely to match or exceed their previous franchise high for payroll, even if their overall spending is still quite modest by league-wide standards.  Tampa Bay’s Opening Day payroll last season was approximately $83.86MM, and Roster Resource currently (without a Diaz extension involved) projects the Rays for around $76.86MM on the books in 2023.

Dexter Fowler Announces Retirement

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Former All-Star center fielder and 2016 World Series champion Dexter Fowler announced via Instagram and Twitter this morning that he’s retiring after a 14-year Major League career. The 36-year-old offered the following statement:

“It’s here. I’m hanging up my cleats. From an 18-year-old draft pick in Colorado to a ’vet’ in Anaheim — there are a few things I will never forget. Getting THAT call to the big leagues in September 2008. Wow. My world was spinning. My first ’you’ve been traded to Houston’ heart pounding call.

The feeling of bliss while hearing the words ’All-Star’. Never knew what it felt like to be that guy! Forever grateful. Soaking wet and freezing on the field with tears in my eyes after winning the World Series in Chicago. The comfort of calling St. Louis home and being a Red Bird. Today is one of those moments where you metaphorically step down from your throne with a standing ovation, a tip of the cap, and the world stops spinning. I’m mostly proud to look back at my career knowing that I played the game the right way and did my best to make a positive impact beyond the win.

Denver, Houston, Chicago, St. Louis and Anaheim. My family, friends, teammates and staff. Thank you for 14 years. I gave you my all.”

Fowler will go down as one of the best 14th-round picks in the sport’s history. (The only 14th-rounders with more career WAR are Dave Parker, Bob Welch, Rick Honeycutt and Keith Foulke, for those keeping score.) Selected out of Milton High School in Georgia back in 2004, Fowler was in the Majors four years later, enjoying a 13-game cup of coffee with the Rockies that year before cementing himself as a big leaguer the following season when he slashed .266/.363/.406 in 135 games and landed an eighth-place finish in National League Rookie of the Year voting.

Over the next eight years, Fowler averaged 541 plate appearances and 130 games per season, batting a combined .269/.368/.443 with the Rockies, Astros, Cubs and Cardinals. Twice traded along the way, Fowler went from Colorado to Houston and from Houston to Chicago before reaching free agency.

It originally looked as though Fowler’s stop in Chicago would last just one year. He slashed .250/.346/.411 in a career-high 156 games while tallying a career-best 690 plate appearances before setting out into free agency. Reports of an agreement with the Orioles emerged but were shot down by both parties, and Fowler kept quiet until stunning his teammates and the baseball world at large when he walked into Cubs spring training with a new one-year contract to return for a second season (Bally’s Kelly Crull tweeted video of Fowler’s stunning return at the time).

That twist of fate reinstalled Fowler atop the Cubs’ lineup — the same position in which he found himself eight months later when he became the only player to ever lead off Game 7 of the World Series with a home run. The 2016 season proved to be the best of Fowler’s career, as he batted .276/.393/.447, made his lone All-Star appearance, and hit .250/.280/.444 with three home runs and five doubles throughout a 17-game march to the Cubs’ curse-breaking World Series victory in Cleveland.

Fowler parlayed that outstanding season into a five-year, $82.5MM deal with the division-rival Cardinals, who enjoyed a strong first year from their new center fielder before injuries began to take their toll. Fowler appeared in just 271 games over the next three seasons of the deal — one of which was the shortened 2020 campaign — and batted a collective .218/.320/.370 in that time. The Cardinals traded him to the Angels in Feb. 2021, and Fowler suffered a torn ACL just seven games into the season with the Halos. He rehabbed the injury and latched on with the Blue Jays on a minor league pact prior to the 2022 season, but Fowler was granted his release after just three games in Triple-A.

All told, Fowler’s career will draw to a close with a lifetime .259/.358/.417 batting line, 127 home runs, 253 doubles, 82 triples, 149 stolen bases, 817 runs scored, 517 runs batted in and a total of 1306 hits. That batting line was seven percent better than league average, by measure of wRC+, and both FanGraphs and Baseball-Reference peg Fowler’s career at 19.5 wins above replacement — a total that surely would’ve been higher had it not been for the tear in his wrist, the fractured foot and the torn ACL that eventually combined to wear Fowler down in what would be his final seasons.

Fowler will be fondly remembered for his role in the Cubs’ historic 2016 World Series win — both his regular season production and his Game 7 long ball — and for the gregarious personality and charismatic smile he so frequently brandished throughout his career. Congrats to Fowler on a lengthy and productive career, and best wishes in whatever the next chapter holds. As Fowler himself said in his retirement announcements today: “Stay tuned for what’s next.”

Mets Sign Jeff McNeil To Four-Year Extension

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Jan. 31: The Mets formally announced McNeil’s extension this morning. He’ll be paid $6.25MM in 2023, $10.25MM in 2024  and $15.75MM in both 2025 and 2026, tweets Jon Heyman of the New York Post. The club option for 2027 is also valued at $15.75MM, and it comes with a $2MM buyout.

Jan. 27: The Mets and second baseman Jeff McNeil are in agreement on a four-year, $50MM contract extension, ESPN’s Jeff Passan reports. The contract contains a club option for a fifth season, which could allow the extension to max out at $63.75MM over five years. The deal buys out the final two arbitration seasons for the Paragon Sports International client, and the Mets will gain control over what would’ve been McNeil’s first three free-agent seasons.

Unable to come to terms on a one-year salary for the upcoming season, McNeil and the Mets appeared headed toward an arbitration hearing. He’d filed for a $7.75MM salary on the heels of his first National League batting title in 2022, whereas the Mets had countered with a $6.25MM figure. Those sums can now be thrown out, as McNeil’s final two arbitration years are locked in. If we count 2023 at the $7MM midpoint of those two sums and figure McNeil could’ve earned anywhere from $12-13MM in what would’ve been his final arbitration season, the Mets are guaranteeing somewhere in the vicinity of an additional $30MM to lock in two more free-agent seasons and secure a reasonably priced club option on a third free-agent year.

McNeil, 31 in April, is now locked in through at least his age-34 campaign and possibly his age-35 season. He’s fresh off one of the finest seasons of his career, having turned in a .326/.382/.454 batting line with nine home runs, 39 doubles, a triple and four stolen bases in 589 plate appearances. Unsurprisingly, that season earned him a second career All-Star nod and won him Silver Slugger honors in the National League — his first such award.

McNeil was one of the toughest strikeouts in the Majors, fanning in a career-low 10.4% of his plate appearances. He’s never walked much and didn’t change that in 2022 (6.8%), but it’s difficult to argue with the results. McNeil benefited to an extent from a career-high .353 average on balls in play, but even if that mark regresses toward the .324 mark he carried into the 2022 season, his bat-to-ball skills and penchant for finding the gaps will allow him to remain the well above-average hitter he was for the majority of the 2018-21 seasons.

The 2022 season was also very arguably the finest defensive season of McNeil’s career. Each of Defensive Runs Saved (3), Ultimate Zone Rating (3.5) and Outs Above Average (7) pegged him as a strong handler of the glove at second base. He also logged some brief time in the outfield corners (278 innings) and drew average or better reviews for his work there, and he even chipped in a lone inning at third base for good measure. Second base will continue to be his primary home on the diamond, but McNeil has shown in the past that he’s a capable third baseman, left fielder or right fielder, which only adds to his value for the Mets.

Of course, since we’re discussing the Mets, the financial ramifications of the contract extend well beyond the $50MM that McNeil himself will receive. The Mets are already over the fourth and final luxury-tax barrier this season, meaning any dollars they spend are taxed at a 90% clip. Had McNeil won his arbitration hearing and secured a $7.75MM salary, that would’ve meant the Mets would’ve paid $6.975MM in taxes on his salary — bringing the total expenditure to $14.725MM. Instead, the Mets will now be taxed based on the $12.5MM average annual value of McNeil’s contract. That means they’ll pay $11.25MM in taxes on McNeil’s contract this year — an increase of $4.275MM over what they’d have paid him had he won an arbitration hearing.

There’s some down-the-road tax benefit to extending McNeil — even beyond the obvious value in keeping an excellent player at a reasonable rate for the next half decade. Had McNeil won an arbitration hearing next month — and coming off a batting title, he’d have had a strong case — he’d have landed that $7.75MM salary. With another strong season, he’d quite possibly have been in for a raise beyond the $12.5MM AAV of his current contract in his final arb season, when the Mets will likely again be in the top tier of luxury penalization (with overages being taxed at a 110% clip). The extension, then, could wind up saving the Mets $1MM or so off their luxury ledger for the 2024 season — assuming McNeil has a healthy and productive 2023 campaign.

Setting aside any such minutiae, the primary benefit to the Mets is simply keeping a two-time All-Star and paying an annual rate that, with good health for McNeil, will likely clock in below his true open-market value by the time the 2024-25 offseason rolls around. There’s certainly some risk for the Mets, as one need only look at McNeil’s pedestrian .251/.319/.360 batting line from 2021 to see that his lack of power (outside of the juiced ball campaign in 2019) leaves him with a fairly tepid floor. The Mets already had control over McNeil’s age-31 and age-32 seasons, and it’s always possible that preemptively buying out a player’s age-33 through age-35 seasons could look regrettable in hindsight.

That said, the aforementioned ’21 campaign is the lone below-average offensive season of McNeil’s career, and his contact skills and defensive aptitude at multiple positions figure to make him a perennially useful player even into his mid-30s. It’s not realistic to expect him to replicate his 2022 production in the years ahead, but there’s little reason to think this deal will turn into some form of egregious misstep, either.

McNeil now joins Max Scherzer ($43MM), Justin Verlander ($43MM), Francisco Lindor ($34.1MM), Brandon Nimmo ($20.5MM), Starling Marte ($20.75MM), Edwin Diaz ($21.25MM), Kodai Senga ($15MM), Jose Quintana ($13MM) and Tomas Nido ($2.1MM) as players locked into their 2024 salaries.

Assuming an even distribution of McNeil’s salary, that’d come out to just over $225MM guaranteed to 10 players, with another four club options (Mark Canha, Eduardo Escobar, Brooks Raley, Darin Ruf), two player options (Omar Narvaez, Adam Ottavino) and a nine-player arbitration class headlined by Pete Alonso all potentially adding to the bill.

Red Sox, Marlins Swap Matt Barnes For Richard Bleier

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The Red Sox and Marlins swapped relievers Monday afternoon, with righty Matt Barnes dealt to Miami for southpaw Richard Bleier. Boston is also reportedly sending a little more than $5.5MM in cash in the deal to make the transaction nearly cash-neutral.

Barnes, 32, was designated for assignment by the Red Sox last week following the completion of a one-year, $7MM agreement with outfielder Adam Duvall. He served as Boston’s primary closer in 2021, earning a team-leading 24 saves. The 2021 campaign, however, was something of a tale of two seasons for Barnes. He dominated to the tune of a 2.25 ERA and a 42% strikeout rate through Aug. 4. Barnes was impressive enough that the Sox inked him to a two-year, $18.75MM extension in early July.

Over the final two months of the 2022 season, however, Barnes not only struggled but melted down in catastrophic fashion. He pitched just 10 2/3 innings from Aug. 5 onward, yielding a dozen runs on 17 hits and nine walks with 16 strikeouts along the way. It was a calamitous end to a what had begun as one of the best seasons among all Major League relievers.

Barnes hoped to right the ship in 2022 but promptly lost the closer’s job early in the year when he stumbled to a 7.94 ERA through the end of May.  The right-hander was always going to be much lower among the team’s high-leverage considerations in 2023, following the December additions of Kenley Jansen and Chris Martin — a pair of moves that was in large part necessitated by Barnes’ struggles.

Nonetheless, it’s worth pointing out that Barnes finished on a high note that likely intrigued Miami and other clubs. He was on the injured list from early June through early August due to shoulder inflammation, and upon returning, he looked much more like the Barnes of old. Beginning on Aug. 4 — the same point at which he began to struggle a year prior — Barnes pitched 22 2/3 innings of 1.59 ERA ball and picked up four saves. His 21.1% strikeout rate was half that of his dominant 2021 form, but it was still an encouraging note on which to end the season.

Barnes might eventually get a fresh chance to carve out some save opportunities in Miami, though Dylan Floro is the current projected frontrunner for that gig. Floro worked to a 3.02 ERA across 53 2/3 innings with the Marlins in 2022, and he has successfully converted 25 save attempts over the last two years. Barnes tallied only eight saves in 2022 and finished with a 4.31 ERA in 39 2/3 frames. He’ll add quite a bit more bat-missing potential to a team that ranked 13th among MLB clubs with a 24% strikeout rate from its relief corps in 2022, though the downside is obvious.

Bleier, meanwhile, can fill the Sox’s need for left-handed bullpen help, even as he enters his age-36 season. The veteran southpaw has registered a 3.09 ERA in 125 1/3 innings since the beginning of 2020, and he’s held left-handed batters to a .225/.260/.313 slash line since he first reached the major leagues with the Yankees in 2016. Boston traded lefty Josh Taylor to the Royals in exchange for Adalberto Mondesi, sent veteran Jake Diekman (signed through 2023) to the White Sox at last year’s trade deadline and lost Darwinzon Hernandez to the Orioles via waivers earlier this offseason — all of which had thinned out the team’s left-handed depth in the ’pen.

They’ll get some quality left-handed innings out of Bleier, although despite his strong track record there are some red flags of note. The soft-tossing southpaw has never missed many bats, but last year’s 14.4% strikeout rate was his lowest since 2019. Bleier has, in the past, offset his lack of whiffs with enormous ground-ball rates. However, while last year’s 52.5% mark was strong relative to the league-average, it was nowhere close to the 63.5% career mark he carried into the 2022 season. Bleier has also regularly avoided hard contact, but last year’s 89.6 mph exit velocity and 40.8% hard-hit rate were both his worst showings since the aforementioned 2016 debut.

Barnes will make $7.5MM in 2023 and is due at least a $2.25MM buyout on a 2024 club option valued at $8MM. Bleier is due $3.25MM for the upcoming season and has a $3.75MM club option with a $250K buyout for next year. Barnes is guaranteed $9.75MM from here on out while Bleier will make at least $3.75MM. The Sox are covering the bulk of that $6MM gap with the $5.5MM+ cash consideration.

The Sox will save a minuscule amount of money and bring in a middle reliever with a solid overall track record and some particularly encouraging numbers against fellow lefties — even if Bleier comes with some potential areas of concern. That he can be controlled through 2024 via that affordable $3.75MM option is icing on the cake.

As for the Marlins, they’ll add more late-inning upside to their bullpen with this swap at almost no additional cost. Fans may bristle at shipping out the reliever with better surface-level numbers for what amounts to a Barnes reclamation project, but the Fish are willing to gamble on the younger, harder-throwing Barnes in hopes of unlocking a high-leverage reliever who can be controlled affordably through the 2024 season via that $8MM option. And, if Barnes is indeed able to round back into form, he’ll give Miami an interesting arm to put on the market this summer if they’re decisively out of postseason contention.

Ken Rosenthal of the Athletic first reported the Marlins were acquiring Barnes. Craig Mish of SportsGrid reported that Boston was acquiring Bleier in return. Jordan McPherson of the Herald was first to relay that Miami was receiving cash considerations, which Mish pegged in the $5MM range. Chris Coitllo of MassLive was first to report the cash involved was a little above $5.5MM.

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