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Brewers Sign Jackson Chourio To Eight-Year Extension

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The Brewers have officially announced that they have signed outfield prospect Jackson Chourio to an eight-year extension that runs through 2031 plus two club options for 2032 and 2033. Previous reporting has indicated the guarantee is $82MM, with the options each valued at $25MM. There are also some unknown incentives, which could allow him to max out at $142.5MM if he hits them all and both options are picked up. The options come with $2MM buyouts.

The deal is the largest ever offered to a player prior to their major league debut, surpassing the six-year, $50MM guarantee the White Sox gave to Luis Robert Jr. prior to the 2020 season. While Chourio, 19, has played just six games above the Double-A level to this point in his young career, it’s easy to see why this level of confidence in the youngster. Chourio is a consensus top-three prospect in the sport, with only Orioles shortstop Jackson Holliday ranked above him consistently by prospect outlets. The deal will keep Chourio under contract through at least 2030 while extending his potential window of team control through 2032, his age-29 season.

Chourio signed with Milwaukee out of Venezuela for a $1.8MM bonus back in 2021 and immediately made an impression during his professional debut with a .286/.386/.447 slash line in 45 Dominican Summer League games at just 17 years old. His stateside debut the following season went even better as the youngster slashed a phenomenal .288/.342/.538 in 439 trips to the plate split between the Single-A, High-A, and Double-A levels. That performance already made Chourio a consensus top-10 prospect in the sport prior to the 2023 season, and he did little to disprove his status among the game’s elite prospect talents, slashing .280/.336/.467 in 559 plate appearances in his return to Double-A before his aforementioned cup of coffee in Triple-A. While he received just 24 plate appearances at the minors’ highest level, Chourio did not look overmatched with a slash line of .333/.375/.476.

With Chourio entering the 2024 season under guaranteed contract, there will be little incentive for the Brewers to send him back to Triple-A to start the regular season so long as he doesn’t look overmatched during big league camp this spring. The deal takes away the possibility of the club securing an extra year of team control, while the club could stand to gain a draft pick from the prospect promotion incentive if Chourio secures a full year of service time as a rookie eligible player and wins the Rookie of the Year award in 2024 or places in the top three of MVP voting before he would’ve been eligible for arbitration.

That said, Chourio starting the season with the big league club isn’t necessarily guaranteed. After all, the youngster has minimal experience at the Triple-A level and the Brewers already have a relatively crowded outfield mix even before considering their top prospect. Christian Yelich figures to get everyday at-bats in either left field or as the club’s DH, leaving just two spots for Chourio, Garrett Mitchell, Joey Wiemer, Sal Frelick, Tyrone Taylor, and Blake Perkins. On the other hand, only Mitchell posted an above-average offensive season by wRC+ in 2023 among that group, leaving plenty of room for Chourio to establish himself as one of the club’s best options. It’s also worth noting that the Brewers could attempt to leverage that crop of young outfield options on the trade market this offseason, improving the club in other areas while clearing up the logjam on the outfield grass.

Securing Chourio’s services for the next eight-to-ten seasons gives the Brewers some additional security regarding their potential budding superstar. Milwaukee has faced several difficult decisions regarding star players on the verge of free agency this offseason, from non-tendering ace right-hander Brandon Woodruff to considering trades for Willy Adames and Corbin Burnes. If retained into next season, both Adames and Burnes are likely to depart in free agency next winter. By extending Chourio now, the Brewers take on the risk that their teenage phenom doesn’t reach his potential at the big league level in exchange for avoiding a similar situation to the one they’re currently facing down the road.

It’s not currently clear if this deal will impact the club’s thinking with regards to Burnes and Adames, but it shouldn’t have much of an impact from a financial perspective. While Chourio’s contract has an AAV of $10.25MM for luxury tax purposes, the club is more than $100MM below the first luxury tax threshold, per RosterResource. What’s more, early-career extensions tend to have salaries that ramp up over the course of the extension. In the likely event that Chourio’s deal has a similar structure, the youngster’s salary figures to be relatively low in 2024 despite the healthy guarantee.

Ken Rosenthal of The Athletic first reported that the two sides were closing in on an agreement. Curt Hogg of the Milwaukee Journal Sentinel first reported the deal would be in the $80MM range over eight years. Jon Heyman of The New York Post first reported the specifics of the $82MM guarantee and club options with $2MM buyouts. Rosenthal reported the option values and Heyman had the potential max payout of the deal.

Braves Acquire Jarred Kelenic, Marco Gonzales, Evan White From Mariners

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The Braves have acquired outfielder Jarred Kelenic from the Mariners, per Ken Rosenthal of The Athletic. Per Ryan Divish of The Seattle Times, left-hander Marco Gonzales and first baseman Evan White are also headed to Atlanta in the deal. In return, the Mariners will receive right-handers Jackson Kowar and Cole Phillips. The Braves have since announced the deal, which includes cash considerations headed from Seattle to Atlanta.

Kelenic, the sixth-overall pick in the 2018 draft and a former consensus top-5 prospect in the sport, struggled to a .168/.251/.338 slash line in 558 trips to the plate across his first two seasons in the majors. Despite the brutal start to Kelenic’s big league career, he managed to put together a solid campaign in 2023 as Seattle’s regular left fielder. In 416 trips to the plate across 105 games, the youngster slashed a solid .253/.327/.419. Now Kelenic, who is not yet eligible for arbitration, heads to Atlanta with five seasons of team control remaining coming off a career-best season in the majors where he posted a wRC+ of 108.

Even that performance came with some red flags, however. While Kelenic walked at an above average 9.9% clip, his 31.7% strikeout rate ranked in just the seventh percentile among qualified hitters and his overall slash line surely benefited from a .359 BABIP. He also struggled considerably after a hot April, slashing just .235/.314/.356 the rest of the way. That said, it’s worth noting that Kelenic, who will play the 2024 season at just age-24, posted a .321 wOBA in 2023 that was actually 12 points lower than his expected number of .333. Additionally, his .359 BABIP in 2023 may not be as outlandish as his career .268 mark in the majors may suggest, as he’s never posted a BABIP lower than .323 at the Triple-A level in a season during his career. In addition, it’s possible his late-season numbers are skewed by the fact that the 24-year-old missed more than two months after he suffered a fractured foot from kicking a water cooler back in July.

Looking ahead to 2024, The Athletic’s David O’Brien relays that the Braves plan to have Kelenic and Vaughn Grissom compete for the everyday role in left field during the spring, with a platoon situation between the two possible as Grissom looks to split time between the left field and the infield dirt. That said, it certainly seems possible that Kelenic could earn an everyday role in Atlanta if he shows his step forward in 2023 wasn’t a fluke. Even if Kelenic simply repeats his 2023 campaign he would represent a notable upgrade over Eddie Rosario, who drew 122 starts in left field for the Braves last year while slashing just .255/.305/.450 (100 wRC+) in 516 trips to the plate.

To acquire Kelenic, the Braves take on the salaries of both Gonzales and White. Gonzales is owed $12.25MM in 2024, while White is owed $7MM in 2024, $8MM in 2025, and a $2MM buyout on a $10MM club option for 2026. While it’s not currently known how much cash Atlanta received in the deal, it’s fair to assume the Braves are taking on the majority of that nearly $30MM in guaranteed money, including $19.25MM in dollars owed this next season. Before accounting for the cash received from Seattle, the deal pushes Atlanta’s 2024 payroll to just over $224MM and just under $261MM for luxury tax purposes, per RosterResource. If that projection holds going forward, it would put the Braves just over the second luxury tax threshold, which sits at $257MM for the 2024 campaign.

Gonzales, 32 in February, struggled to a 5.22 ERA in 50 innings across ten starts this season before undergoing season-ending surgery to repair a nerve issue in his forearm. Gonzales is expected to be ready for Spring Training in 2024 and, if healthy, could provide the Braves with a serviceable back-end rotation option who could give competition to Reynaldo Lopez and Bryce Elder in Spring Training. Prior to his injury-marred 2023 season, Gonzales had been a reliable source of innings for the Mariners in recent years, averaging 174 innings of work across four 162-game seasons between 2018 and 2022. Gonzales’s contract includes a $15MM club option for the 2025 season that does not include a buyout, though Gonzales would likely have to take a significant step forward in 2024 for the Braves to consider exercising that option.

White, 27, does not figure to be a contributor to the Braves over the life of his contract. The former top prospect owns a career .165/.235/.308 slash line in the majors and has not appeared in the big leagues since May 2021. Over the past two seasons, White has appeared in just 30 professional games with a slash line of just .200/.310/.397 at the Triple-A level during that time. White spent almost the entire 2023 campaign on the 60-day IL, first due to a left adductor strain and then thanks to hip surgery, though he too is expected to be ready for Spring Training.

In addition to taking on the salaries of White and Gonzales, the Braves parted with a pair of interesting young arms in Kowar and Phillips. Kowar’s stay in the Braves organization was a short one, as the righty had just been acquired from the Royals last month as the return in the Kyle Wright trade. As a former top-100 prospect and Kansas City’s first-round pick in the 2018 draft, Kowar is an intriguing piece despite his struggles in the majors to this point in his career. As MLBTR’s Steve Adams noted at the time of his trade to Atlanta, Kowar averaged 97 mph on his fastball in 2023 after converting to full-time relief duties and thanks to his eligibility for a fourth option year in 2024 figures to provide the Mariners with a fireballing, optionable relief arm headed into next season. Phillips, meanwhile, was Atlanta’s second-round pick in the 2022 draft. The 20-year-old has not yet made his professional debut after undergoing Tommy John surgery, but ranked as the Braves’ #7 prospect per MLB Pipeline prior to the swap.

As for the Mariners, the club is clearly in the midst of retooling their lineup. The club has traded both Kelenic and third baseman Eugenio Suarez and non-tendered DH Mike Ford since the offseason began while watching Teoscar Hernandez depart via free agency, leaving four major holes in the club’s lineup. That being said, the departures of those four players figure to help Seattle in their quest to improve their lineup’s contact skills next season; each of the aforementioned hitters struck out more than 30% of the time in 2024. Parting ways with four of the league’s most punchout prone bats is an excellent start toward that goal, even as the club faces an uphill battle in replacing the quartet’s production.

While replacing four members of the club’s starting lineup is no easy task, Seattle at least figures to have plenty of payroll space with which to accomplish that goal. RosterResource projects the club for a payroll of just $115MM in 2024 pending the addition of cash considerations sent to Atlanta, while Adam Judge of The Seattle Times notes that president of baseball operations Jerry Dipoto indicated today that the club’s payroll will “very likely” rise in 2024 relative to its 2023 total. The Mariners posted a payroll of $140MM in 2023, meaning the club should have more than $25MM worth of room to make additions to their lineup, though it’s unclear how much Seattle is willing to surpass that $140MM figure.

Even with that amount of money available for additions, it’s worth noting that the club would need to significantly increase payroll over its 2023 levels to be able to make even one impact addition on the level of, for example, Cody Bellinger or Juan Soto. Given the number of holes the Mariners will need to fill in their lineup, it seems more likely that the club will be limited to adding mid-level salaries to its payroll. The free agent market is unlikely to offer many solutions, with the best mid-level bats such as Hernandez and Matt Chapman being among the more strikeout-prone players available this winter.

That said, the club has reportedly discussed deals for both outfielder Randy Arozarena and third baseman Isaac Paredes with the Rays recently. Adding even one of those players would surely require significant capital in terms of prospects and young players, though it’s worth noting that the Rays appear to be on the hunt for controllable starting pitching, which the Mariners have an excess of. Speculatively speaking, swinging a deal for Paredes and/or Arozarena would allow Seattle to shore up its lineup without breaking the bank, allowing the club to pursue contact-oriented bats like Lourdes Gurriel Jr. or Whit Merrifield in free agency.

Jim Leyland Elected To Baseball Hall Of Fame

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Former Pirates, Marlins, Rockies, and Tigers manager Jim Leyland was elected to the Baseball Hall of Fame, the only person elected out of the eight nominees under consideration by the 16-person Contemporary Baseball Era Committee.  Leyland received 15 of 16 votes, surpassing the 12-vote threshold with room to spare.

Of the other seven nominees, Lou Piniella came closest with 11 votes, representing another tough near miss for Piniella after previously falling one vote shy on his previous appearance on the ballot in 2019.  Former National League president Bill White received 10 votes, and the other five nominees (Cito Gaston, Davey Johnson, Ed Montague, Hank Peters, and Joe West) all received fewer than five votes.

Leyland managed 22 seasons in the majors, beginning his Cooperstown-worthy run with the Pirates in 1986.  His 11 seasons in Pittsburgh was highlighted by three straight AL East titles for the Bucs from 1990-92, as well as the personal achievements of Manager Of The Year awards for Leyland in 1990 and 1992.  Unfortunately for the Pirates, they couldn’t get over the hump and into the World Series, falling to the Reds in six games in the 1990 NLCS and then losing a pair of seven-game nailbiters to the Braves in both 1991 and 1992.

After Francisco Cabrera broke the Pirates’ hearts in Game 7, Pittsburgh didn’t have a winning record again until 2013.  Leyland had long departed the team by that point, as he moved on following the 1996 season to become the Marlins’ new skipper.

This new job finally brought Leyland his long-desired World Series ring.  The Marlins were the team delivering some October heartbreak this time, as the Fish triumphed over the Indians in seven games to bring the organization its first championship in only its fifth year of existence.  Unfortunately for Leyland and the Marlins players and fans, the club went into fire sale mode immediately afterwards, resulting in Leyland’s resignation after a 108-loss season in 1998.

Leyland quickly caught on as Colorado’s manager for the 1999 season, but his frustration at working and trying to manage pitchers in the thin-air environment led to his resignation after just a single year.  Leyland became a scout for the Cardinals, and it appeared as though his managerial career might’ve come to an end.

However, a major final act then developed in Detroit.  Leyland was hired as the Tigers’ new manager prior to the 2006 season, just as the team was emerging from a rough rebuilding period.  Undoubtedly hiring Leyland was itself a major reason why the Tigers finally got on track, and the results were immediately impressive — the 2006 Tigers reached the playoffs as a wild card team and then reached the World Series before falling to the Cardinals.

That was the first of seven .500 or better seasons Leyland would enjoy over his eight years managing in Motown.  The Tigers made the postseason three more times, including a World Series appearance in 2012 that saw Detroit swept by the Giants.  After another narrow six-game loss to the Red Sox in the 2013 ALCS, Leyland decided to retire from managing at the MLB level, though he did return to the dugout to guide the United States to victory in the 2017 World Baseball Classic.

Leyland’s career resume consists of a 1769-1728 record, eight playoff appearances, three league pennants, and that 1997 World Series championship.  He ranks 18th on the all-time managerial wins list, and 17th on the all-time list of total games managed.  He was also a three-time winner of the Manager Of The Year Award, as Leyland added the 2006 trophy to his two awards from his Pittsburgh days.

While the numbers paved Leyland’s path into the Hall of Fame, he is also a beloved figure around the sport, highly respected by peers, coaches, and the many players he managed over the years.  Just about everyone who encountered Leyland seemed to immediately have an anecdote about the quick wit and big heart of the longtime baseball man, which was somewhat obscured by his hard-nosed reputation.  “What others saw as a gruff, chain-smoking caricature of an old-school manager, those in baseball considered brilliant for how he connected with everyone from the superstar to the last man on the roster to the least-tenured coach on his staff,” the Athletic’s Stephen J. Nesbitt and Cody Stavenhagen wrote in a chronicle of Leyland stories published today.  (Stavenhagen and Rob Biertempfel had another collection of Leyland anecdotes three years ago, well worth a read for some more chuckles.)

The “veterans committee” is the catch-all name for an annual panel of rotating membership, organized by the Hall Of Fame every year to gauge the cases of players who weren’t elected or considered by the writers, or non-playing personnel who aren’t a part of the writers’ ballot.  Candidates are considered from the “Contemporary Baseball” (1980-present) and “Classic Baseball” (1980 and earlier) time periods, and broken down into a three-year rotation…

  • Classic Baseball, all candidates: 2024, 2027, 2030, etc.
  • Contemporary Baseball, players: 2025, 2028, 2031, etc.
  • Contemporary Baseball, managers/executives/umpires: 2026, 2029, 2032, etc.

Leyland will be inducted into Cooperstown on July 13.  He’ll be joined by any players elected via the writers’ ballot, and those results will be announced on January 23.

This year’s 16-person Contemporary Baseball committee was comprised of HOF members Jeff Bagwell, Tom Glavine, Chipper Jones, Bud Selig, Ted Simmons, Jim Thome, and Joe Torre; MLB owners and executives Sandy Alderson, Bill DeWitt, Michael Hill, Ken Kendrick, Andy MacPhail, and Phyllis Merhige; media members/historians Sean Forman, Jack O’Connell and Jesus Ortiz.

Angels’ 2023 Payroll Stayed Under Luxury Tax Threshold

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12:52PM: The Angels’ final tax number fell within just $30K of the threshold, the Orange County Register’s Jeff Fletcher reports.

11:28AM: The Angels’ final luxury tax calculations placed the team slightly under the $233MM threshold, according to The Athletic’s Ken Rosenthal.  As a result, the Halos will both avoid paying any tax money and ensure that they will receive a higher compensatory draft pick should Shohei Ohtani depart in free agency.  If Ohtani signs elsewhere, the Angels’ pick will fall after the second round of the 2024 draft, whereas the pick would’ve come after the fourth round as part of the penalties attached to teams who exceed the Competitive Balance Tax threshold.

This represents a difference of roughly 55-60 spots in the draft order for the Angels, which is no small matter even if a compensatory pick is a relatively thin silver lining for losing a generational talent like Ohtani.  Staying under the tax line also means, however, that Los Angeles would face less of a penalty if it signs another free agent who rejected a qualifying offer.  Signing such a player will now cost the Halos $500K in international bonus pool money and their second-highest pick in the 2024 draft, whereas if they had exceeded the CBT threshold, the Angels would’ve had to give up $1MM in international pool money and their second- and fifth-highest selections in the 2024 draft.

Since owner Arte Moreno has made a point of bringing big-name free agents to Anaheim, it wouldn’t be a surprise if the Halos responded to the possible loss of Ohtani by trying to obtain another star.  It also can’t be ruled out that Ohtani might stay with the Angels after all, even if the expectation is that the AL MVP will depart for a team that can offer him a better chance at winning than the perennially disappointing Angels.

In avoiding a tax penalty, the Angels continue their streak of staying under the CBT threshold in every season since 2004, which was Moreno’s first full year as the club’s owner.  As much as Moreno has been willing to splurge on big contracts, it has been clear that he has viewed the tax threshold as an unofficial salary cap, with this past season being the one exception.  As part of a final push to retain Ohtani and finally end the Angels’ string of losing seasons, the club was aggressive throughout the summer in adding pieces to atone for injury losses, until a disastrous run in August ended their playoff hopes.

L.A. then pivoted by placing a big chunk of their roster on the waiver wire just before the September 1 deadline for postseason eligibility, hoping that contenders in need of reinforcements would make some claims and bring the Angels some salary relief.  Given the specifics of the dollar figures and the narrow margin of error the Angels were working with, it wasn’t quite clear until today whether or not Los Angeles had gotten under the tax line or not, but it appears as though the team’s efforts weren’t for naught.

Rangers, Mets, Red Sox Reportedly Shift Focus Away From Pursuit Of Shohei Ohtani

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Rumors about the state of Shohei Ohtani’s market in free agency have been decidedly and deliberately scarce. Ohtani is said to prefer things to be kept quiet and close to the vest, and teams involved in the bidding surely don’t want to jeopardize their chances by being too forthcoming in terms of leaking information to the media. ESPN’s Jeff Passan pulls back the curtain a bit this morning, however, writing that at least three teams — the Rangers, Mets and Red Sox — have turned their attention to other players at this stage of the process. While each of the three were among Ohtani’s original group of suitors, it seems the trio has become pessimistic about their chances of closing a deal.

The Rangers’ ostensible exit from the Ohtani bidding dovetails with recent comments from general manager Chris Young, who just yesterday told reporters that he does not anticipate spending to the same extent he did in the past two offseasons. Texas dropped more than $500MM in the 2021-22 offseason when signing Corey Seager, Marcus Semien and Jon Gray. The Rangers spent more than $200MM last winter when adding Jacob deGrom, Nathan Eovaldi and Andrew Heaney. Whether the expectation for lesser spending is because they feel they’re out of the Ohtani bidding or vice versa, the end result seems to be an expectation and concession that the two-time AL MVP and longtime Rangers division rival will sign elsewhere.

As for the Mets, there was never any question whether they have the funds to pay Ohtani a contract that’s widely expected to eclipse $500MM by a comfortable margin. Owner Steve Cohen is the sport’s wealthiest and most aggressive owner. But there have long been questions about Ohtani’s desire to play in the New York spotlight and deal with the inherent media frenzy associated with that market. It should come as no surprise that the Mets (and likely the Yankees) nevertheless tried, but Passan’s report suggests those efforts have come up short. To that end, SNY’s Andy Martino reports that Ohtani’s countryman, Yoshinobu Yamamoto, is currently the Mets’ primary focus.

The Red Sox, meanwhile, are known to be seeking top-of-the-rotation help for the 2024 season, which doesn’t apply to Ohtani while he mends from elbow surgery. (Though he’d clearly be a factor in their 2025 rotation and beyond.) Prior reports have suggested that Boston’s focus, thus far, has been more on the trade market than on free agency. That doesn’t definitively mean that the Sox aren’t willing to spend lavishly on free agents this winter, but if their pursuit of immediate rotation help eventually leads them to free agency, it’d make for a particularly expensive offseason to pursue both Ohtani and one of the remaining top-end starters (e.g. Yamamoto, Blake Snell, Jordan Montgomery).

While those three clubs are out of the mix, Ohtani’s market does still include the likes of the Dodgers, Cubs, Blue Jays and Angels, per Passan. That’s not intended to be a comprehensive list of the remaining suitors, however. It stands to reason that other clubs could yet be in play. The Giants have long been linked to Ohtani, as have the Mariners — although Daniel Kramer of MLB.com reported a couple weeks ago suggested that the Mariners were unlikely to ultimately land him.

Yankees, Padres Reportedly Far Apart In Juan Soto Trade Talks

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The Yankees are known to have interest in Padres outfielder Juan Soto but it doesn’t seem as though a trade is close to coming to fruition. Per reports from Ken Rosenthal, Dennis Lin and Brendan Kuty of The Athletic, Jon Heyman of The New York Post and Andy Martino of SNY, talks have stalled with a noticeable gap between the two clubs. Heyman says that “at least nine” clubs have checked in, while the report from The Athletic says the Blue Jays are involved.

All the reports indicate that the Padres are asking for a multi-player return, with Martino reporting that the Friars asked for Michael King, Drew Thorpe and four or five other prospects such as Randy Vásquez and Jhony Brito, as well as salary relief for Soto and Trent Grisham, who was also in the discussions. He adds that none of Jasson Dominguez, Anthony Volpe, Gleyber Torres, Austin Wells or Everson Pereira are involved. The report from The Athletic identifies Clarke Schmidt as a target.

It seems there is a disparity in how to value Soto, who is incredibly talented in a vacuum but there are other factors that could diminish his value in a trade. He only just turned 25 years old but has already played in 779 big league games with 160 home runs. He has drawn walks in 19% of his plate appearances while striking out in just 17.1% of them. He has slashed .284/.421/.524 overall for a wRC+ of 154, indicating he’s been 54% better than the league average hitter.

But he is now just one year removed from free agency, with MLBTR contributor Matt Swartz projecting an arbitration salary of $33MM next year. It is generally expected that signing him to an extension will be extremely difficult, given that he’s about to hit the open market just after his 26th birthday, a uniquely young age for a free agent. The Nationals reportedly offered him an extension of $440MM in July of last year, eventually putting him on the trading block when he rejected it. Since then, he banked $23MM in 2023 and is set to add about $33MM more next year, increasing his earning power as he has moved to free agency. That makes him seen by many in the industry as a one-year rental.

Shortly after that extension was turned down, the Nats were able to trade Soto and Josh Bell for a package of six players:  C.J. Abrams, MacKenzie Gore, Robert Hassell III, James Wood, Jarlin Susana and Luke Voit. But that was when Soto still had two and a half years of control remaining. Now he is down to one year and his salary has increased to roughly market rate for a star player.

Given the changing circumstances, his trade value should be far lower now than it was when the Padres acquired him. But the Padres still seem to be asking for a significant package of players, seemingly focused on pitching. King still has two years of control whereas Vásquez and Brito each have six. Thorpe is one of the Yankees’ top pitching prospects and hasn’t reached Triple-A yet. From the perspective of the Friars, they think the Yankees are acting like the only suitors, presumably extending offers the Padres consider non-starters.

It’s possible that this is just a classic case of early negotiations, where both sides stake out extremely unreasonable positions and gradually meet in the middle. But both sides also have the option of pivoting elsewhere. The Padres seem to have many other clubs calling, while the Yanks can walk away from Soto and pursue free agents like Cody Bellinger. They are known to be looking for two outfielders, which is presumably why Grisham’s name has been brought up in talks, but the Yanks could always looks elsewhere.

As for the Jays, it’s unsurprising that they are involved. General manager Ross Atkins has admitted that the club is looking for significant upgrades to their lineup, targeting big names like Bellinger and Shohei Ohtani. Like many things this offseason, the ultimate outcome might have to wait for a decision from Ohtani. Recent reporting indicates the Jays are one of the handful of clubs still involved as Ohtani’s market whittles down. But if they end up just missing there, they could call up the Padres and try to get something done for Soto.

Some reports have suggested that the Friars could look to finish a Soto deal as soon as next week’s Winter Meetings, but it might actually be in their best interests to wait. Since nothing is close with the Yankees and the Jays are waiting on Ohtani, the Padres might get a better deal with a bit of patience. Earlier reporting has suggested the Cubs, Giants and Phillies could be involved and there are other speculative fits as well.

Despite Soto’s immense talent, he’s available in trade talks due to the budgetary concerns in San Diego. The club’s payroll for next year is currently estimates by Roster Resource to be around $189MM. Due to aggressive spending in recent years and their loss of broadcast revenue with the bankruptcy of Diamond Sports Group, they are expected to be working with a reduced payroll of around $200MM this year. That means they are almost at their limit before addressing the significant losses to their rotation. Blake Snell, Seth Lugo, Michael Wacha and Nick Martinez reached free agency at season’s end, leaving them with Joe Musgrove, Yu Darvish and plenty of uncertainty beyond those two.

It appears that president of baseball operations A.J. Preller is trying to kill two birds with one stone, moving Soto and his projected to salary to both clear out some payroll space and bring in the pitching they sorely need. Whether he can pull it off will be one of the most interesting storylines to follow in the weeks to come.

Reds Sign Nick Martinez

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Dec. 1: The Reds have formally announced their deal with Martinez. Interestingly, GM Nick Krall tells Reds beat writers that Martinez will come to camp and compete for a job in the rotation — obviously implying that Martinez has not been assured of starting job just yet (link via Mark Sheldon of MLB.com). Martinez will make $14MM next season and will have a $12MM salary in 2025 if he doesn’t opt out, MLBTR has learned.

Nov. 30: The Reds are in agreement with Nick Martinez on a two-year, $26MM guarantee, reports Jeff Passan of ESPN (X link). The deal allows the right-hander to opt out after the first season. Yusseff Diaz of Pelota Cubana first reported that Martinez, a client of the Boras Corporation, was signing with Cincinnati.

Martinez, 33, has spent the past two seasons in San Diego. After a three-year run at Japan’s highest level, he signed with the Padres during the 2021-22 offseason. Technically a four-year guarantee, the deal afforded Martinez an opt-out chance after each year. He turned in a 3.47 ERA over 106 1/3 innings in a swing role during the first season and elected to retest free agency.

He parlayed that free agent trip into a new three-year pact with the Friars. Martinez locked in a $10MM salary for this past season, while each side had a two-year option covering the 2024-25 campaigns. He posted a remarkably similar year to his debut campaign as a Padre.

As was the case in 2022, Martinez went into this past season battling for a rotation spot. He took four turns through the rotation while Joe Musgrove was on the injured list in early April. Once Musgrove returned, Martinez moved back into the relief role he had occupied for the majority of the previous season.

He would ultimately appear in 63 contests, starting nine of them. Martinez worked 110 1/3 innings, allowing 3.43 earned runs per nine. He struck out 23% of batters faced behind a solid 12.6% swinging strike percentage. Martinez demonstrated average control and kept the ball on the ground on nearly 54% of batted balls allowed. He excelled at staying off barrels, with opponents making hard contact (a batted ball hit 95 MPH or harder) less than 30% of the time. That contact suppression ranked within the top five percent of qualified pitchers, according to Statcast.

Over his two seasons in San Diego, he combined for a 3.45 ERA with a 22.1% strikeout rate across 216 1/3 frames. At year’s end, both he and the Friars turned down their respective option provisions. San Diego declined to retain him at $16MM annually for the next two seasons, while the player passed on successive $8MM salaries. He ultimately lands between those two price points, securing a $13MM average annual value. The guarantee is in line with MLBTR’s prediction of two years and $25MM. The opt-out affords him the flexibility to again get back to free agency a year from now if he turns in a strong season in Cincinnati.

Whether he decides to retest free agency likely depends on how well he holds up over a full season as a starter. The Friars never quite entrusted him with an extended rotation run. Martinez has started only 19 of his 110 appearances since his return to MLB. There hasn’t been a material difference in his run prevention in either role. Martinez owns a 3.48 ERA in 91 relief outings over the past two seasons; he has allowed 3.41 earned runs per nine as a starter.

As one might expect, he has had better underlying marks when working in shorter stints. Martinez’s strikeout rate is a couple points higher out of the bullpen (23% against 20.9%). He has been much better at avoiding free passes as a reliever, walking 7.1% of batters faced in that role compared to an 11.2% rate from the rotation.

Regardless of the slightly worse peripherals, it’s not outlandish to project Martinez as a viable starting pitcher. He has a far deeper repertoire than the typical reliever, turning to five pitches (sinker, changeup, curveball, cutter, four-seam fastball) with regularity. Martinez was effective this year in the few opportunities he received to turn an opposing lineup over a second or third time. He has held his own in unfavorable platoon situations, keeping left-handed batters to a reasonable .242/.322/.408 line since the start of 2022.

Martinez should get a look in Cincinnati’s Opening Day starting five. The Reds had one of the sport’s least effective rotations, finishing 28th in MLB (ahead of only the A’s and Rockies) with a 5.43 ERA. The rotation’s ineffectiveness was the single biggest reason for the team coming up a little shy of the postseason. Addressing the group was a clear priority for GM Nick Krall and his staff heading into the offseason.

Hunter Greene and Andrew Abbott headline the in-house options. Nick Lodolo’s 2023 campaign was wrecked by left leg injuries, but he’ll surely have a rotation spot so long as he’s healthy. Graham Ashcraft projects as the #5 starter after overcoming a disastrous first half to turn in a 2.81 ERA from the All-Star Break onward. Brandon Williamson, who pitched to a 4.46 ERA over 117 innings as a rookie, would be the top depth option. Prospects Connor Phillips and Lyon Richardson each made brief big league appearances late in the year.

It’s not a group without talent, but no team can count on its top five or six starters staying healthy for an entire season. Greene and Lodolo have each missed extended chunks of action over the past two years. Abbott and Williamson have yet to play a full season at the MLB level. Martinez doesn’t have an extended track record of starting. The front office could still look for another arm to solidify the group. They’ve been linked to each of Tyler Glasnow and Shane Bieber on the trade front. Signing Martinez doesn’t necessarily take them out of that market.

Paired with Wednesday afternoon’s signing of reliever Emilio Pagán to a two-year, $16MM deal, this is the most active that Cincinnati has been in free agency for the past few seasons. As reflected on MLBTR’s contract tracker, the Reds hadn’t signed a free agent to a multi-year contract since adding Nick Castellanos on a four-year pact in January 2020. Where ownership sets the spending limit remains to be seen, but there should still be some financial flexibility.

Roster Resource projected the Reds’ 2024 payroll commitments in the $58MM range before the Martinez deal. If the money is evenly distributed — the contract’s specific financial breakdown remains unreported — it’d bring them around $71MM. The club opened the 2023 season with a player payroll approaching $83MM and was well above $100MM in the two preceding seasons.

Image courtesy of USA Today Sports.

Reds Sign Emilio Pagan

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Dec. 1: The Reds have now formally announced the signing of Pagan.

Nov. 29: The Reds are reportedly in agreement with free agent reliever Emilio Pagan on a two-year, $16MM guarantee. The deal consists of matching $8MM salaries and allows Pagan, a client of the Ballengee Group, to opt out after next season. It’s a strong deal for the righty, as the contract contains incentives to boost the total further and could allow him to seek a larger contract next winter if he enjoys a good first year in Cincinnati. The agreement is still pending a physical.

Cincinnati relievers combined for a 4.11 ERA that ranked 15th in the Majors and a 4.48 FIP that ranked 23rd in 2023. In general, it’s a thin and unproven group. Closer Alexis Diaz gives the Reds one high-end arm, and lefty Sam Moll proved to be a quietly strong deadline pickup.

Beyond that, the Reds lacked established, healthy arms. Righty Tejay Antone has been one of the game’s top-performing bullpen arms when healthy, but he missed the entire 2022 season following Tommy John surgery and lasted just 5 2/3 innings in 2023 before departing a September game due to elbow discomfort that proved to be season-ending. Lucas Sims posted a stout 3.10 ERA with a strong strikeout rate in 2023 but also walked more than 15% of his opponents. Waiver pickup Ian Gibaut had a nice season (3.33 ERA), but that was the 30-year-old’s first extended run of MLB success.

Adding some stability makes sense, though the 32-year-old Pagan (33 in May) has something of a rollercoaster track record. In seven big league seasons, Pagan has pitched for five teams. At times, he’s looked the part of a bona fide late-inning force, such as his 2019 season when he saved 20 games for the Rays while logging a 2.31 ERA, 36% strikeout rate and 4.9% walk rate. At other times, Pagan has been far too hittable and displayed below-average command. From 2020-22 with the Padres and Twins, he logged a combined 4.61 ERA with a walk rate nearly double that of his excellent ’19 campaign.

Most recently, Pagan gave the 2023 Twins 69 1/3 innings of 2.99 ERA ball, fanning a solid 23.8% of his opponents against a better-than-average 7.7% walk rate. He averaged nearly 96 mph on his heater and continued career-long trends of inducing both swinging strikes and chases on pitches off the plate at above-average clips. However, Pagan’s rocky 2022 showing in Minnesota pushed him down the bullpen hierarchy; after struggling as a closer and setup man in ’22, he was used in the middle innings and lower-leverage spots this past season.

It’s at least a moderate surprise to see the Reds, in particular, wind up signing Pagan, given that the primary knock against him throughout his career has been a susceptibility to home runs. That doesn’t seem to pair well with Cincinnati’s homer-happy Great American Ball Park, although to Pagan’s credit, he averaged a career-low 0.65 homers per nine frames this past season.

Still, entering the 2023 campaign, Pagan had yielded an average of 1.74 homers per nine innings. Among the 1080 relief pitchers to throw at least 250 career innings since way back in the 1800s, that was the highest rate of any pitcher (hat tip to The Atheltic’s Aaron Gleeman for pointing that out back in 2022). Generally, relievers who give up home runs at such a lofty rate just haven’t stuck around long enough to compile a meaningful number of innings at the MLB level.

The Reds are surely confident in their ability to help Pagan continue his newfound ability to mitigate round-trippers, but if his prior home run tendencies return, his new home confines in Cincinnati would likely only shine a spotlight on that problematic history. If he can keep curtailing the long ball, however, he gives the Reds a hard-throwing righty with late-inning experience who could help serve as a bridge to Diaz at the end of the game. Pagan has fanned 28.1% of his career opponents against a sharp 7% walk rate, and he boasts a very strong 14.1% swinging-strike rate in exactly 400 MLB innings.

In terms of payroll, the Reds will have no problem fitting Pagan (or just about any free agent, for that matter) onto the books. Now that Joey Votto is a free agent, the Reds’ only guaranteed contracts had belonged to Hunter Greene and backup catcher Luke Maile, who’ll earn a combined $6MM in 2024. Add in MLBTR’s projected salaries for their six eligible players — one of whom, Jonathan India, is a trade candidate — and a host of pre-arb names to round out the club, and Roster Resource projects a payroll just south of $59MM after accounting for the Pagan deal. And with Maile on a one-year deal, Pagan and Greene are (at least for now) the only players on guaranteed deals for the 2025 campaign.

Jon Heyman of the New York Post reported the Reds had expressed interest in Pagan. Mark Feinsand of MLB.com first reported the Reds and Pagan had agreed to a two-year deal. Ken Rosenthal of the Athletic first reported the $16MM guarantee and the opt-out possibility. Joel Sherman of the New York Post reported the even salary breakdown.

Padres Continuing Juan Soto Trade Talks

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Chatter about a potential Juan Soto trade has gained steam within the past few days. Ken Rosenthal of the Athletic wrote on Tuesday the Padres were “almost certain” to deal the star outfielder this offseason. Jeff Passan of ESPN reported this morning that the Friars are engaging other clubs in discussions about the winter’s top trade candidate.

While there’s no indication one team has moved ahead as any sort of favorite, it seems increasingly likely the Padres will pull the trigger on a deal — perhaps as soon as next week’s Winter Meetings. San Diego’s biggest motivation would be to subtract Soto’s arbitration salary, projected at $33MM by MLBTR contributor Matt Swartz, from their books. Making a trade relatively early in the offseason would afford the front office more clarity as they subsequently look to deepen the roster in other areas.

The Yankees have made no secret of their desire to add a left-handed hitting outfielder. None would be as impactful as Soto, who could slot into left field to form an otherworldly corner outfield tandem with Aaron Judge. On Wednesday, SNY’s Andy Martino wrote that while San Diego and the Yankees continued ongoing dialogue, talks were still in their early stages and no deal was close.

[Related: The Best Fits For A Juan Soto Trade]

If the Padres accelerate discussions on Soto with the Yankees or another team, it seems controllable starting pitching would be a focal point of the return. Brendan Kuty of the Athletic wrote on Wednesday that San Diego was looking for upper-level rotation help in Soto talks. Both Passan and Dennis Lin of the Athletic expressed a similar sentiment.

That’s no surprise. Rotation depth is the biggest question facing president of baseball operations A.J. Preller and his front office. Each of Blake Snell, Michael Wacha, Seth Lugo and Nick Martinez hit free agency. (Martinez has already come off the board by agreeing to a two-year deal with the Reds.) Beyond Yu Darvish and Joe Musgrove, the Padres have some combination of Pedro Avila, Jay Groome, Matt Waldron, Glenn Otto and Jairo Iriarte as rotation options. That’s nowhere near sufficient for a team that hopes to compete, meaning the Padres need to bring in at least two (ideally three) starters.

That’d be difficult to accomplish via free agency. Lin wrote yesterday that the team was currently operating with around $10-20MM in payroll space. That probably wouldn’t be enough to add more than one notable starter. As shown on MLBTR’s contract tracker, the cost of back-end starting pitching has landed in the low eight-figure range early in the offseason. Lance Lynn and Kyle Gibson signed with St. Louis for $11MM and $13MM, respectively. Martinez secured a $13MM average annual value on his contract with Cincinnati. Rebound candidate Luis Severino received a $13MM guarantee from the Mets.

Adding someone of that nature could require all of the financial resources presently at the front office’s disposal. The Padres need multiple starters and are likely to look for some kind of relief help after seeing Josh Hader hit free agency and flipping Scott Barlow to the Guardians for Enyel De Los Santos. They need a backup catcher behind Luis Campusano and could stand to bring in position player depth off the bench.

Accomplishing all that won’t be possible without clearing payroll. They have smaller alternatives outside of a Soto trade. Center fielder Trent Grisham, with a projected $4.9MM arbitration salary, could move. There’d be plenty of interest in second baseman Ha-Seong Kim, who is due $10MM (including a $2MM buyout on a 2025 mutual option) in his final season before free agency. They’d have a harder time offloading the likes of Jake Cronenworth or Robert Suarez and almost certainly won’t be able to trade Xander Bogaerts, whose $280MM free agent deal seemed well above market value.

Soto projects as the highest-paid player on next year’s roster. Trading him would clear the most short-term spending room of any move the Padres could make. They’d bring back some amount of MLB-ready help in that deal, although they’d clearly recoup far less than they surrendered to acquire Soto at the 2022 trade deadline. With only one season of club control and a hefty projected salary that’ll rule out a lot of organizations, the trade value is less than one might expect for an MVP-caliber player.

The closest analogue is the 2020 Mookie Betts trade. The Red Sox received Alex Verdugo, Jeter Downs and Connor Wong while offloading around $48MM on the underwater David Price contract. Verdugo, the headliner, was a 24-year-old outfielder with five seasons of club control who had hit .294/.342/.475 the year before. (By measure of wRC+, that was 12 percentage points better than league average in the “juiced ball” 2019 season.) Downs ranked 86th on Baseball America’s Top 100 prospects at the time. Wong was a mid-tier talent in the Dodgers farm system.

San Diego should top that return if they’re not attaching another contract. Yet it’s possible they don’t return anyone as valuable as the top three talents (MacKenzie Gore, CJ Abrams and James Wood) whom they sent to the Nationals to acquire Soto.

Each of Kuty and Jon Heyman of the New York Post unsurprisingly indicate the Yankees are unlikely to include Jasson Dominguez or Anthony Volpe in a Soto package. Kuty adds that New York is also reluctant to relinquish pitching prospect Drew Thorpe, while Heyman indicates they prefer to retain Michael King. Both Kuty and Heyman float right-hander Clarke Schmidt as a possible piece of the return. Schmidt, who is projected for a $2.6MM salary and eligible for arbitration for four seasons, would likely be more of a secondary piece after turning in a 4.64 ERA with decent strikeout and walk numbers over 159 innings.

Of course, the Padres will consider offers from teams outside the Bronx. The Cubs have shown interest; Passan floats the Giants and Phillies as possibilities, although a deal with San Francisco would be made challenging by the intra-divisional aspect. They’ll likely be limited to high-payroll clubs with a legitimate chance to compete in 2024. As a one-year rental, Soto isn’t a fit for teams that aren’t firmly in “win-now” mode.

Martino reported yesterday that the Mets were likely to remain on the sidelines as they align their contention window more firmly towards ’25. Passan indicates the Red Sox have a similar reluctance to surrender much future value for a rental. He adds that the Mariners — a strong fit from a roster perspective — may be deterred by Soto’s projected salary.

As for San Diego, trading Soto would open the ability to make a run at some players in the middle tiers of free agency. Passan reports that the Friars could pursue KBO center fielder Jung Hoo Lee and/or NPB reliever Yuki Matsui if they made a move on Soto. Lee, whom MLBTR predicts for a five-year, $50MM pact, could step into the outfield spot vacated by Soto’s departure. MLBTR predicted a two-year, $16MM contract on Matsui — a left-hander who worked to a 1.57 ERA with a 32.4% strikeout rate in 57 1/3 innings during his final season in Japan.

Marlins To Hire Gabe Kapler As Assistant General Manager

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The Marlins have reached an agreement to hire former Phillies and Giants manager Gabe Kapler as an assistant general manager under new president of baseball operations Peter Bendix, reports Craig Mish of SportsGrid and the Miami Herald. San Francisco dismissed Kapler following the 2023 season, hiring future Hall of Famer Bob Melvin in his place. Mish adds that Kapler has been looking for a new challenge in baseball operations since being let go by the Giants and was also in the running to become the Red Sox’ head of baseball operations before they ultimately hired another former big leaguer, Craig Breslow.

This won’t be the first foray into baseball operations for Kapler, who served as the Dodgers’ farm director prior to being named manager of the Phillies. He’s spent the past six seasons as a manager, compiling a 456-411 record between San Francisco (2020-23) and Philadelphia (2018-19) and won NL Manager of the Year honors in 2021. He’ll now return to the other side of the game, with a primary focus on player development within the Marlins’ system, per Ken Rosenthal of The Athletic. The Marlins don’t have a general manager, with the aforementioned Bendix holding the title of president and heading up baseball ops. But Kapler will join Oz Ocampo, Brian Chattin and Daniel Greenlee as the team’s fourth executive to hold the title of assistant GM.

It’s not the only recent baseball ops hire made by Bendix, who replaced GM Kim Ng after she declined her end of a 2024 mutual option (reportedly because ownership wanted to hire a president of baseball ops to overtake her on the front office hierarchy). Evan Grant of the Dallas Morning News reported earlier this week that Miami hired now-former Rangers assistant director of baseball operations Vinesh Kanthan as their new director of baseball operations.

Changes in the Miami front office figure to continue over the next year, as it’s common for newly hired baseball operations executives to bring in their own team — at times at the expense of holdovers within the department. Bendix and his staff will look to build on the success of the 2023 club, which reached the playoffs for the first time (in 162-game season) since the organization’s 2003 World Series-winning season.

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