Headlines

Go To Pro Hockey Rumors
Go To Hoops Rumors

Newsstand

Diamondbacks Sign Jordan Montgomery

By | at

March 29: The Diamondbacks have made it official, announcing Montgomery’s signing today, adding that Montgomery has been optioned to Triple-A Reno. Players with more than five years of service time can’t be optioned without their consent, but the lefty presumably agreed to be sent down so that he could get in some work after missing Spring Training while unsigned. The lefty is targeting April 19 for his first start with the Snakes, per Nick Piecoro of the Arizona Republic.

March 26: The Diamondbacks and left-hander Jordan Montgomery are reportedly in agreement on a one-year, $25MM pact. The deal includes a $20MM vesting player option for the 2025 season, with Montgomery earning the ability to opt out if he starts at least ten games in 2024. Montgomery’s option will vest at $20MM if he makes ten starts, with an additional $2.5MM added to the option upon reaching 18 starts and 23 starts during the 2024 season. The deal is pending a physical.

The deal brings to a close a lengthy free agency for Montgomery, who defeated the Diamondbacks in the 2023 World Series alongside the Rangers just five months ago. Arizona will be the 31-year-old’s fourth team in the past three seasons. Montgomery’s free agent odyssey dragged on longer than anyone could have reasonably anticipated heading into the offseason, when he was widely expected to command a long-term, nine-figure contract. The 2023-24 offseason, however, will be one remembered as an oddity, given the stark number of clubs dealing with uncertainty regarding their television broadcast rights — Montgomery’s incumbent Rangers among them — and about a third of the league facing luxury-tax concerns of some degree.

All of that combined to limit the market for Montgomery and other top-tier free agents, although the left-hander’s lofty asking price on the heels of a career-year punctuated by postseason heroics surely didn’t do him any favors. Even as late into the offseason as early March, the left-hander and agent Scott Boras were reported to be seeking a six- or even seven-year deal. A six-year deal under conventional market circumstances early in the offseason might’ve been attainable, but this offseason’s market simply didn’t bear that. The nature of this new contract with the D-backs will allow him the opportunity to take another bite at the free agent apple next offseason, with some added insurance in the form of a player option that safeguards against a late-season injury.

After spending his entire career until the 2022 trade deadline in a Yankees uniform, Montgomery was swapped to St. Louis in exchange for center fielder Harrison Bader. The southpaw found great success in St. Louis, delivering a 3.31 ERA and 3.50 FIP in 32 starts for the club before he was once again swapped in a deadline deal, this time going to Texas as the Cardinals faced their first 90-loss campaign of the 21st century. His strong performance continued in Texas as he pitched to a sterling 2.79 ERA down the stretch before delivering a 2.90 ERA in 31 postseason innings as the Rangers claimed their first World Series championship in franchise history.

While Montgomery has emerged as a starter capable of comfortably pitching at the front of a playoff rotation in his 50 appearances (both postseason and regular season) since leaving New York, he showed himself to be a quality mid-rotation arm even during his days in the Bronx. While he missed much of the 2018 and 2019 campaigns rehabbing from Tommy John surgery, the lefty pitched to a respectable 3.94 ERA and 3.90 FIP in 98 appearances across five-and-a-half years with the club. During his time in New York, he struck out 22.7% of batters faced while walking just 6.9% and generating grounders at an above-average 43.7% clip. Those peripheral numbers are fairly consistent with the ones he’s posted during his breakout over the past two seasons; since the start of the 2022 campaign, Montgomery has struck out opponents at a 21.6% clip while walking 5.6% with a 45.3% groundball rate.

For the Diamondbacks, the addition of Montgomery further strengthens a starting rotation that the club already took a major step toward addressing when they signed left-hander Eduardo Rodriguez to a four-year, $80MM deal back in December. When at full strength, the club’s rotation now figures to feature NL Cy Young Award finalist Zac Gallen and Montgomery at the front, with Rodriguez and veteran righty Merrill Kelly in the middle, and youngster Brandon Pfaadt bringing up the rear. It’s a massive upgrade from the club’s 2023 group, which pitched to a combined 4.67 ERA last season. That was a bottom-ten figure in the majors last year and placed the club dead last among all 2023 playoff teams. By signing Montgomery, the Diamondbacks have successfully converted one of their biggest weaknesses in 2023 into a clear strength ahead of the 2024 season, at least on paper.

Of course, it remains to be seen whether that on-paper strength in the rotation will yield results. Availability remains a major question mark for the starting staff in Arizona entering the regular season, as neither major pitching addition will open the season in the club’s rotation. Rodriguez was shut down last week due to a lat strain and has no announced timetable for return. As for Montgomery, John Gambadoro of 98.7FM Phoenix reports that the club doesn’t expect him to be ready for at least “a few weeks.” Previous reports had indicated that Montgomery had built up to 75 pitches in his offseason workouts, though said training is no replacement for facing live hitting in organized ball.

Nick Piecoro of The Arizona Republic reports that the delayed start to the southpaw’s season comes with what could prove to be a significant financial benefit. Because Montgomery has agreed to start in the minor leagues to ramp up for his D-backs debut, Piecoro indicates that the left-hander will be rendered ineligible to receive a qualifying offer should he return to free agency this winter. That removes perhaps the most significant drawback Montgomery faced in signing a short-term deal this winter, as his midseason trade from St. Louis to Texas allowed him to enter free agency unencumbered by draft pick compensation. Had he been eligible for the QO this coming winter, he’d run the risks of facing a deflated market as a qualified free agent. That possibility is now no longer a concern.

The addition of Montgomery sends Arizona’s already franchise-record payroll to new levels after an offseason spending spree. In addition to Montgomery and Rodriguez, the club also fortified their outfield mix with Joc Pederson, Randal Grichuk, and Lourdes Gurriel Jr. in free agency while swinging a deal to land third baseman Eugenio Suarez to bolster their infield. Those additions wound up bringing the club’s estimated payroll (per RosterResource) to more than $167MM, with a $215MM figure for luxury tax purposes. Both numbers blow Arizona’s past records of $132MM in 2018 and $155MM in 2023 (per Cot’s Baseball Contracts) out of the water as the club enters 2024 eager to return to the postseason and establish themselves as a top contender in the NL alongside clubs such as the Dodgers, Braves, and Phillies.

ESPN’s Jeff Passan first reported the sides had reached an agreement. Jon Heyman of the New York Post reported the salary terms for 2024 as well as the 2025 vesting option. USA Today’s Bob Nightengale reported additional details regarding the nature of the vesting option.

Photo courtesy of USA Today Sports Images

Dodgers Sign Will Smith To Ten-Year Extension

By | at

The Dodgers announced today that they have signed catcher Will Smith to a ten-year extension which runs through 2033. It is reportedly a guarantee of $140MM with no opt-outs for the Apex Baseball client, though with deferrals. Smith will get a $30MM signing bonus, a salary of $13.55MM in 2024, salaries of $13MM from 2025 to 2027, $9.5MM from 2028 to 2032 and $9.95MM in 2033. The deferrals will be paid out at a rate of $5MM annually from 2034 to 2043 and the deal will have a competitive balance tax hit of $12.2MM. Because this deal overwrites Smith’s previous $8.55MM salary for the 2024 season, the pact is effectively a nine-year, $131.45MM deal in terms of new money.

It’s an early birthday present for Smith, who turns 29 tomorrow and has somewhat quietly been one of the best catchers in the game in recent years. Dating back to his 2019 debut through the end of 2023, he hit 91 home runs and drew walks in 10.9% of his plate appearances. His .261/.357/.483 batting line coming into the 2024 season translates to a 128 wRC+. Among qualified catchers over that span, only Mitch Garver and Adley Rutschman had a higher wRC+. Each of those two were at 130 but in barely half as many plate appearances.

His glovework has also received strong grades, including 26 Defensive Runs Saved thus far in his career. Statcast considers him to have been roughly league average in terms of blocking and controlling the running game. It’s less enthused about his framing but FanGraphs considers him to be right around par in that department, while Baseball Prospectus considers him to be well above average. His 15.8 wins above replacement from FanGraphs since the start of 2019 are second among primary catchers, behind only J.T. Realmuto.

Smith was going into his second of three arbitration seasons. He made $5.25MM last year and avoided arbitration back in January by agreeing to a salary of $8.55MM for 2024, though that salary has now been overwritten by the aforementioned $13.55MM figure. He would have been eligible for another pass at arbitration in 2025 before qualifying for free agency after his age-30 season, but the Dodgers have locked him up instead.

The structure of the contract stands out as unusual, as a ten-year deal for a catcher is unprecedented. Per MLBTR’s Contract Tracker, which has data going back to the 2009-10 offseason, no backstop has ever signed a deal longer than eight years. Each of Joe Mauer, Buster Posey and Keibert Ruiz signed eight-year extensions, the longest deals for catchers in the past decade-plus.

Catchers generally experience a great deal of wear and tear due to the rigors of the position, which can make it difficult to achieve longevity in the position. In terms of deals three years or longer, the oldest age for the player’s final season was 37, which applies to the three-year deal Carlos Ruiz signed with the Phillies back in 2013 and an extension Yadier Molina signed with the Cardinals. Russell Martin’s five-year deal with the Blue Jays went into his age-36 season, the oldest age for the final season of any deal longer than three years for a catcher.

The Dodgers have committed to Smith for a longer term than any of those deals and later into his career. But in doing so, it seems they were able to compromise in terms of the average annual value and competitive balance tax hit, which is based on AAV. The nine years and $131.45MM of new money leads to an AAV $14.61MM before accounting for deferrals, which lower the present-day value of the deal to $12.2MM. Mauer got a guarantee of $184MM and a $23MM AAV back in 2010. Posey got $166.5MM and a $20.8MM AAV in 2023. Martin’s five-year deal came with an $82MM guarantee and $16.4MM AAV back in 2014.

That is not to suggest that Smith is as good as those players, merely to point out that the guarantee isn’t as unprecedented as the length. While the ten-year span is a new record for catchers, there are 12 deals with higher AAVs than $14.61MM listed on the Contract Tracker.

Smith was likely looking at one shot at a life-changing deal when he hit free agency after 2025, but he’ll lock up that money now instead of waiting. Perhaps he is sacrificing some future earning power but he now foregoes any risk of a significant injury cutting into those plans. The Dodgers get to keep a catcher who has established himself as a key piece of the roster while tamping down the luxury tax hit. The length of the deal will keep it on the books for a long time but the modest salary shouldn’t be an albatross for a high-spending club like the Dodgers.

In the long run, there will inevitably be questions that need to be answered about the domino effects of this deal. Smith may need to be moved from behind the plate to a designated hitter role over time but the presence of Shohei Ohtani will prevent Smith from getting any kind of regular role in the DH slot. The Dodgers also have three catching prospects that are considered to be top 100 talents in Diego Cartaya, Dalton Rushing and Thayron Liranzo. As those players approach the majors, the club could be facing a bit of a logjam, though that would be a good problem to have and could allow the Dodgers to bolster other areas of the roster via trade.

For today, it’s a nice bit of security for both the player and the club, cementing a relationship that had a ticking clock with less than two years remaining.

Juan Toribio of MLB.com. first reported that the two sides were working on a deal. Fabian Ardaya of The Athletic first had the ten-year length while Jeff Passan of ESPN had the guarantee. Mark Feinsand of MLB.com added that there is some deferred money. Dylan Hernández of the Los Angeles Times relayed the signing bonus and the lack of opt-outs. Feinsand later provided the full breakdown and the CBT calculation.

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

By | at

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.

MLB Owners Approve Sale Of Orioles To Group Led By David Rubenstein

By | at

March 27: As expected, the Angelos family’s sale of the Orioles to Rubenstein’s group has been approved by the league’s other owners, MLB commissioner Rob Manfred announced in a press release. The approval was unanimous.

“I congratulate David Rubenstein on receiving approval from the Major League Clubs as the new control person of the Orioles,” Manfred said in a statement within today’s release. “As a Baltimore native and a lifelong fan of the team, David is uniquely suited to lead the Orioles moving forward. We welcome David and his partners as the new stewards of the franchise.”

The Orioles will hold a press conference to discuss the sale tomorrow morning at 11am ET.

March 25: Major League Baseball’s other 29 owners will vote on the sale of the Orioles from the Angelos family to a purchasing group led by billionaire David Rubenstein on Wednesday, Britt Ghiroli and Evan Drellich of The Athletic report.

Back in late January, John Angelos agreed to sell the controlling stake in the Orioles — and related assets, including the team’s stake in the MASN network — to Rubenstein’s group for $1.725 billion (a figure announced by the team at the time of the agreement). That sale is still pending majority approval from the league’s 29 other owners, though no pushback on the transition has been expected. Drellich and Ghiroli call the vote “a formality,” which generally aligns with prior reporting and expectations.

As reported back in January, Rubenstein’s group will initially be purchasing a 40% stake in the team — enough to cement him as the franchise’s new control person among other owners but not the entirety of the Angelos family’s stake. At the time the two parties negotiated the sale, it was agreed that the remainder of the Angelos family’s share in the team would be transferred to Rubenstein’s group following the passing of family patriarch Peter Angelos, the former Orioles control person and majority owner who’d since taken a step back due to health concerns and ceded control of the club to his sons, John and Louis (in what became a contentious battle for control of the organization that eventually saw John emerge as control person). This contingent was designed to avoid substantial capital gains taxes for the Angelos family.

Peter Angelos passed away this past weekend at 94 years of age. That won’t accelerate the transfer of the Angelos family’s entire stake in the team to Rubenstein’s group. Drellich and Ghiroli report that Wednesday’s vote will only be on the originally agreed upon 40% stake for Rubenstein & Co.; they’ll eventually formally acquire the remainder of the Angelos family’s 70% stake in the club, but that transaction will not be completed by Opening Day.

Rubenstein, 74, is a Baltimore native and the co-founder of private equity firm the Carlyle Group. Forbes estimated his net worth at $3.7 billion. His ownership group also includes several notable investors, including Orioles icon Cal Ripken Jr., NBA Hall of Famer Grant Hill, former Baltimore mayor Kurt Schmoke, former New York City mayor Michael Bloomberg and Ares Management co-founder Michael Arougheti, among others. Peter Angelos originally purchased the controlling stake in the Orioles for $173MM back in 1993.

Matt McLain Undergoes Shoulder Surgery

By | at

Reds infielder Matt McLain underwent surgery to repair the labrum and some damaged cartilage in his left shoulder yesterday, president of baseball operations Nick Krall announced this morning (X link via Mark Sheldon of MLB.com). A timeline for his recovery has yet to be determined, though the Reds are hopeful he’ll be able to return to the roster at some point this season.

McLain, the 17th overall draft pick back in 2021, made his big league debut last year and instantly cemented himself as a building block in Cincinnati. He appeared in 89 games and took 403 plate appearances, turning in an outstanding .290/.357/.507 slash line (128 wRC+) with 16 home runs, 23 doubles, four triples and a 14-for-19 showing in stolen bases. McLain’s 28.5% strikeout rate and 7.7% walk rate were both worse than average, which, when coupled with a sky-high .385 average on balls in play, created some reason to forecast a bit of regression. Given how strong his overall performance was, however, even if his rate stats took a step back in ’24, McLain would still likely have been a well above-average performer.

In 2023, McLain split his time between the Reds’ middle infield spots, though that was due largely to injuries for fellow top prospect Elly De La Cruz. With De La Cruz healthy in 2024, McLain had been ticketed for everyday work at second base, pushing 2021 NL Rookie of the Year Jonathan India into more of a utility role.

India now figures to see quite a bit more time back at the keystone, although Cincinnati’s recent acquisition of infielder Santiago Espinal gives them a superior defensive option if the club still wants to get India more work at first base, at designated hitter or perhaps even in left field. The mere fact that the Reds proactively acquired Espinal seemed at the time to be a harbinger of bad news regarding McLain, and that’s unfortunately proven to be the case.

Much has been made of Cincinnati’s wealth of infield talent, but the injury to McLain and an 80-game PED suspension for Noelvi Marte have thinned things out considerably. Some pundits and onlookers questioned the wisdom of signing Jeimer Candelario to a three-year, $45MM deal with such an enviable crop of young infielders, but circumstances have changed and Candelario now looks more like a vital piece of the infield mix than an arguably superfluous luxury addition. He’ll take the primary role at the hot corner, with De La Cruz at short, Espinal/India at second and Christian Encarnacion-Strand at first base. Versatile Spencer Steer can back up at any of those four spots, but he’s expected to function as the Reds’ primary left fielder in 2024.

The 24-year-old McLain will receive big league service time and pay while rehabbing his shoulder on the injured list. He finished the 2023 season at 140 days of service, meaning he’s still controllable for six full seasons. He’ll quite likely be a Super Two player following the 2025 season, positioning him to be arbitration-eligible four times rather than three, but he’ll remain under Reds control all the way through the 2029 campaign.

Rockies Extend Ezequiel Tovar

By | at

March 26: The Rockies have formally announced Tovar’s extension. Per Jon Heyman of The New York Post, the 2031 option has a $23MM salary and $2.5MM buyout

March 24: The Rockies and shortstop Ezequiel Tovar have agreed to a long-term contract extension that will run through at least the 2030 season. The 22-year-old Tovar will earn $63.5MM over the seven guaranteed years of the deal, and the Rockies hold a club option on his services for the 2031 season that could bring the total to $84MM if triggered. Tovar is represented by the Rimas Sports Agency, and the extension will be official once the shortstop passes a physical.

Tovar was already under club control through the end of the 2028 season, and this next extension will now add at least two and maybe three more years to his time in Colorado. Due to Tovar’s young age, he’ll still be in his prime when eligible for free agency, as he’ll either be 29 or 30 years old at the end of the deal depending on whether or not the Rox exercise their club option.

Tovar entered the 2023 season as a consensus top-25 prospect in the sport. The youngster made the club’s Opening Day roster as the starting shortstop last year but got off to a difficult start before heating up towards the end of April. Tovar managed to carry that hot streak into the All Star break, hitting a solid .283/.314/.479 with nine home runs during that 65 game stretch. Unfortunately, however, Tovar struggled in the second half and hit a paltry .246/.277/.386 the rest of the way. While Tovar’s 66 extra-base hits hinted at real power potential, the youngster struck out in 27% of his trips to the plate while walking just 4.1% of the time. That undisciplined approach left him with a wRC+ of just 70, 30% below league average and fourth-worst among all qualified hitters in the majors last year.

Difficult as Tovar’s rookie season may have been, his age and prospect pedigree make it easy to imagine him finding another gear offensively in the coming years, and his glove is already nothing short of elite. Tovar’s defense at shortstop was worth a whopping 16 Outs Above Average last year, which ranks in the 99th percentile of all MLB fielders per Statcast. Fielding Bible’s Defensive Runs Saved was similarly impressed with Tovar’s work in the field, as his +12 DRS ranked behind only Anthony Volpe, Wander Franco, and Dansby Swanson among major league shortstops last year.

Glovework of that caliber can be a carrying tool that allows players to remain productive overall in the majors leagues even if they struggle at the plate. That’s particularly true at shortstop, where strong defensive players can put together star-level production with even average offensive contributions. For the Rockies, that leaves this deal as a somewhat less risky arrangement than it might seem on the surface; after all, the deal is somewhat similar to the eight-year, $70MM pact the Pirates and third baseman Ke’Bryan Hayes agreed to on the heels of a 2021 campaign that saw Hayes post a 85 wRC+ in 96 games. That deal maxes out at $82MM over nine years if Pittsburgh exercises its club option, a similar commitment to the $84MM over eight years Tovar will earn if his club option is exercised by the Rockies.

For Tovar, meanwhile, the deal locks in life-changing money while still affording him the opportunity to hit the open market in his prime. Of course, in signing the deal he also forgoes the opportunity to hit free agency in his mid-20s, a route which has led other players such as Bryce Harper and Manny Machado to massive paydays worth $300MM or more. On the other hand, Tovar would surely have to break out and become at least an above-average hitter in the majors to command a deal of that sort of caliber. While such an improvement with the bat can’t be ruled out, it’s certainly understandable for the 22-year-old to prioritize financial security, particularly on a deal that will still offer him a second bite of the apple following his age-29 season.

With Tovar now locked up for at least the next seven seasons, the Rockies have now set into place a clear building block for the club’s future. On the heels of the first 100-loss season in franchise history, the club spent cautiously in free agency with short-term agreements for players such as Daniel Hudson, Cal Quantrill, and Charlie Blackmon. That approach leaves little optimism for a 2024 club that appears to be buried behind four highly competitive teams in the NL West. Even so, with Tovar and another emerging youngster in Nolan Jones under long-term team control and a farm system rife with exciting prospects like Amael Amador and Chase Dollander, it’s certainly possible that brighter days lie ahead for the Rockies. With the club’s longest extension since the one afforded to Nolan Arenado prior to the 2019 season now in place, Tovar is now all but certain to be a major part of that future.

Daniel Alvarez-Montes of El Extrabase. first reported the extension, the seven-year term, and the total value of the contract if the club option is exercised. MLB.com’s Thomas Harding. reported the extension’s $63.5MM value over the seven guaranteed years.

Photo courtesy of USA Today Sports Images

Shohei Ohtani Reads Statement In Relation To Former Interpreter

By | at

Star two-way player Shohei Ohtani of the Dodgers read a statement today in relation to Ippei Mizuhara, his former interpreter and friend. Mizuhara was fired last week amid his involvement with an illegal sports gambling operation.

Ohtani read the statement in Japanese, which was translated into English by Will Ireton, for a period of about 12 minutes. Video of the full thing was relayed by Talkin’ Baseball on X. Chad Jennings of The Athletic transcribed all of Ohtani’s comments, as translated into English by Ireton.

Fabian Ardaya of The Athletic was among those to relay a few days ago that Ireton would be serving as a translator for Ohtani in the wake of Mizuhara’s departure. Ireton served as Kenta Maeda’s translator when he was with the Dodgers and Ireton stayed an employee of the club after Maeda was traded to the Twins in 2020.

Reporting last week highlighted that over $4.5MM had been wired from an account in Ohtani’s name to the gambling ring. Mizuhara said that he racked up that debt by betting on sports other than baseball, then Ohtani wired the money to help him pay it off. Later, Ohtani’s attorneys contradicted the story, saying that Ohtani “had been the victim of a massive theft.” Ohtani’s version of events that he relayed today aligned with the theft story, accusing Mizuhara of using his account to wire the money and then lying about it.

Ohtani said that he was “saddened and shocked that someone who I trusted has done this.” Ohtani stated that he has never bet on baseball or any other sports and has never gone through a bookmaker to bet on sports. “Up until a couple days ago, I didn’t know this was happening.” He also flatly denied the original version of events, wherein he supposedly sent the money to help his friend Mizuhara. “Ippei has been stealing money from my account and has told lies.”

The Dodgers were in Korea last week to play the Padres as part of the Seoul Series as the initial reporting on the story was coming to light. Ohtani stated today that the media in Korea inquired about the story but Ippei never told him about the media inquiry. Ippei then told the media and Ohtani’s representatives the version of events that involved Ohtani paying off the debt. “All of this has been a complete lie,” Ohtani said.

Ohtani says he first found out about Mizuhara’s gambling after the first game of the Seoul Series, when there was a team meeting in the clubhouse. “During the team meeting, obviously, Ippei was speaking English and I didn’t have a translator on my side. But even with that, I kind of understood what was going on and started to feel that there was something amiss.” Ohtani then states that he did not know until that meeting about Mizuhara’s gambling addiction or his debt. “Obviously, I never agreed to pay off the debt or make payments to the bookmaker.”

Ohtani then states that he and Mizuhara met one-on-one in a hotel room after the team meeting. “Ippei admitted that he was sending money, using my account, to the bookmaker.” Ohtani states he contacted his representatives at that point. “When I was finally able to talk to my representatives, that’s when my representatives found out that Ippei has been lying the whole time and that’s when I started contacting the Dodgers and my lawyers.” Ohtani states that his representatives and the Dodgers found out at that point that they were being lied to.

“My lawyers recommended that, since this is theft and fraud, that we have the proper authorities handle this matter.” He concluded by saying that “The season’s going to start so I’m obviously going to let my lawyers handle matters from here on out and I am completely assisting in all investigations that are taking place right now. I’m looking forward to focusing on the season. I’m glad that we had this opportunity to talk and I’m sure there will be continuing investigations moving forward. Thank you very much.”

On Friday, MLB announced that it its department of investigations formally began the process of investigating the matter. This is a developing story that will be updated as more information comes to light.

Guardians Outright Myles Straw

By | at

TODAY: Straw cleared waivers and accepted an outright assignment to Triple-A, according to Paul Hoynes of the Cleveland Plain Dealer.

MARCH 22: The Guardians have placed center fielder Myles Straw on waivers, reports Zack Meisel of The Athletic. Any team will have the opportunity to claim him, although doing so would require taking on the entirety of the three years and $19.25MM still remaining on his contract. That appears quite unlikely. Straw figures to clear waivers, at which point the Guardians could assign him outright to a minor league affiliate.

While Straw’s 4.112 years of MLB service time give him the right to reject that outright assignment, he’s still short of the five years necessary to reject an outright and retain the money he’s owed. There’s no chance he’d forfeit that $19.25MM to go into free agency, so the likely outcome seems to be Straw clearing and heading to Triple-A Columbus while no longer occupying a spot on the 40-man roster. It’s also feasible that the Guardians could simply be gauging whether there’s a taker for Straw and, if not, could simply plug him back into their center field spot. He can be optioned to Triple-A if the club keeps him on the 40-man roster. A player does not have to be assigned outright to a minor league affiliate after clearing waivers (though that’s obviously the most common outcome).

With Straw in limbo for the time being, that leaves Steven Kwan and Ramon Laureano as locks in the Cleveland outfield. The former will see regular reps in left field. The latter had been slated for right field work but can handle center. It’s also possible the Guards will go with Will Brennan and/or Estevan Florial to fill outfield roles. Infielder Tyler Freeman has also gotten looks in center this spring. Brennan has all three minor league option years remaining, while Florial is out of minor league options. Top outfield prospect Chase DeLauter could be an option eventually, but he was never a full-time member of big league camp and was only called up on occasion to fill at-bats as needed, Meisel notes. He was never a consideration to make the Opening Day roster.

Cleveland originally acquired Straw in a now-regrettable 2021 deadline swap sending right-hander Phil Maton and catcher Yainer Diaz to the Astros. He made a strong first impression, hitting .285/.362/.377 with plus defense and baserunning down the stretch. That brought his season-long line to a solid .271/.349/.348 — just shy of league-average production (98 wRC+). Paired with Straw’s speed and glovework, it was a strong effort that served as a catalyst for the Guards to sign him to a five-year, $25MM extension with a pair of club options for two additional seasons.

Unfortunately, Straw’s bat has cratered since putting pen to paper on that deal. Over the past two seasons, he’s turned in just a .229/.296/.284 in 1114 trips to the plate. That’s about 32% worse than average, by measure of wRC+. Straw is a light-out defender in center (23 Defensive Runs Saved, 17 Outs Above Average over the past two seasons) and offers blazing speed (41-for-48 in steals since 2022), but his lack of offensive ability has severely capped his overall value. For an immensely cost-conscious Guardians club, his contract has apparently reached a point where they’ll see if another club is willing to take him on for no return other than salary relief.

Phillies Extend Matt Strahm

By | at

The Phillies announced this morning that they’ve signed left-hander Matt Strahm to a one-year extension. The deal comes with a vesting club option for the 2026 campaign. The ACES client had been slated to hit free agency following the 2024 campaign. Per a report from MLBTR’s Steve Adams, the deal will guarantee Strahm $7.5MM in 2025, and the option will vest for that same amount if he pitches at least 60 innings in 2025.

Strahm, 32, signed a two-year, $15MM deal with the Phillies prior to the 2023 season. His first season in Philadelphia was a resounding success, as he posted a strong 3.29 ERA with a nearly-matching 3.24 FIP in 87 2/3 innings while splitting time between the club’s rotation and bullpen. While the southpaw held his own during his time in the club’s rotation with a 4.05 ERA in 33 1/3 innings, he was nothing short of dominant in relief as he posted a sparkling 2.82 ERA while striking out 30.1% of batters faced during that time. That led the Phillies to look for additional starting pitching depth this winter, in part so they could keep Strahm in a full-time relief role rather than swing him between the rotation and bullpen as dictated by injuries to the club’s starting staff. With the club’s offseason signing of right-hander Spencer Turnbull to act as a swing man, Strahm appears poised to have a bullpen-only role for at least the start of the 2024 campaign.

The deal makes plenty of sense for the Phillies, as the club stood to lose not only Strahm but also Turnbull and Jeff Hoffman from its relief corps this winter. By extending Strahm, they’ve fortified their bullpen for 2025 and perhaps 2026, allowing the lefty to join the likes of Jose Alvarado, Seranthony Dominguez, and Gregory Soto as a late-inning option for at least the next two seasons. It’s a bullpen mix that was incredibly productive for Philadelphia last year, as the club’s relief corps ranked seventh in the majors with a 3.58 ERA while the group’s fWAR was only bested by the Dodgers and Orioles.

Of course, the deal isn’t without risk on the part of Philadelphia. After all, Strahm has dealt with plenty of injuries through his eight years in the majors. The southpaw has a history of knee issues dating back to his time with the Royals back in 2017, when he underwent surgery on his left patella tendon. His knee issues lingered over the next several years and he underwent surgery once again as a member of the Padres in 2020, this time on his right patella tendon. Aside from that history of knee problems, Strahm has more recently dealt with a wrist issue that left him on the shelf for a month in 2022 while pitching for the Red Sox.

Even with Strahm’s injury history, landing a quality relief arm capable of pitching out of the rotation on a one-year guarantee is a smart move for a Phillies front office that has prioritized continuity this offseason, re-signing Aaron Nola to a seven-year pact back in November while extending ace Zack Wheeler on a three-year, $126MM contract earlier this month. Had Strahm produced similar results out of the bullpen this year as he did in 2023, it would’ve been reasonable to expect him to slot in towards the top of the left-handed relief market this winter alongside the likes of Tanner Scott and A.J. Minter. Teams looking for left-handed bullpen help this coming winter will now have one less option at their disposal, though those aforementioned names as well as veterans such as Aroldis Chapman, Matt Moore, and Brooks Raley all figure to be provide clubs will plenty of options.

Orioles Owner Peter Angelos Passes Away

By | at

Peter Angelos passed away today at age 94, as per an official statement from the Orioles and the Angelos family.  Angelos had been battling illness for the last few years and had left the public eye, and his son John took over as the Orioles’ chairman and control person in regards to official league business in 2020.

A Baltimore native, Angelos built his fortune through a renowned legal career, most notably a landmark consolidated action case in 1992 representing thousands of workers in various fields who had been exposed to asbestos over the course of their jobs.  Angelos led a group of investors that purchased the Orioles in 1993 for $173MM, and quickly established himself as something of a maverick within baseball’s ownership circles during the 1994-95 players’ strike.  Though the strike was settled before replacement players took the field for the 1995 season, Angelos’ refusal to use such players (who he viewed as scabs) drew some animosity from his fellow owners and respect from the MLBPA.

On the field, the Orioles went through plenty of ups and downs during Angelos’ tenure as owner.  There was little doubt about Angelos’ desire to win, as he immediately increased the team’s payroll and brought several big-name free agents into the fold, helping Baltimore reach the ALCS in both 1996 and 1997.  After that last ALCS appearance, however, the Orioles didn’t have another winning season until 2012, as Angelos was often accused of taking a heavy hand in baseball operations.  This manifested itself in a revolving door of managers and general managers, until things began to stabilize under Buck Showalter and executive VP of baseball operations Dan Duquette.  The Orioles had five seasons of .500 or better ball from 2012-16, including three postseason appearances and another trip to the ALCS in 2014.

The Orioles’ payrolls tended to fluctuate based on the team’s competitive level, and Baltimore ranked within the top ten of league spending as recently as the 2017 season.  Angelos had particular concerns about certain types of baseball-related investments, perhaps most notably a wariness about any kind of long-term guarantee to pitchers (especially pitchers with any sort of injury history).  Angelos was also famously critical of baseball’s international signing system, which resulted in the Orioles essentially sitting out for the international amateur market for several years.

John Angelos’ stewardship of the team brought about some changes to the Orioles’ business, as GM Mike Elias was given broad leeway to modernize and revamp the baseball operations department as part of a near-total rebuild.  The O’s posted losing records from 2017-21 (the latter three under Elias) before winning 83 games in 2022, and then bursting out to win 101 games and the AL East crown last season.  With an incredible core of young talent in place, the Orioles now look like World Series contenders both this season and perhaps for many years to come.

This new era of Orioles baseball will take place somewhat outside of the Angelos family, as it was announced in February that the team had been sold for $1.725 billion to a new ownership group led by David Rubenstein.  (John Angelos is still an investor in the Orioles.). The news of the sale followed years of speculation and drama about the future of the franchise, as legal and personal issues within the Angelos family and the Orioles’ expiring lease at Camden Yards in 2023 led to some concerns that the O’s could be sold or moved to another city.  As it turned out, the Orioles arranged a new lease to remain at Camden Yards for at least the next 15 years, and Rubenstein’s full purchase of the organization is expected to be approved by the league within a few weeks’ time.  Rubenstein was initially slated to take over 40 percent of the team, but now will take full ownership of the club as a result of the elder Angelos’ passing.

We at MLB Trade Rumors send our condolences to Angelos’ family, friends, and loved ones.

Show all

MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

Do not Sell or Share My Personal Information

hide arrows scroll to top