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Roki Sasaki Reportedly Informs Several Teams They Are Out Of Running

By Darragh McDonald | January 13, 2025 at 3:10pm CDT

3:10pm: The Rangers have also been informed that they are out of the running, reports Evan Grant of the Dallas Morning News. The Diamondbacks never got a meeting with Sasaki and won’t be the destination either, per John Gambadoro of Arizona Sports 98.7 FM Phoenix.

2:56pm: The Mets have also been informed that they are out of the running, per Joel Sherman of The New York Post.

2:35pm: The Yankees have been told that right-hander Roki Sasaki will not be signing with them, reports Jack Curry of Yes Network. That’s the second team that is reportedly out, with the Giants having also been told that they won’t be Sasaki’s destination. Andy Martino of SNY adds that the Mets aren’t expected to sign him either, though it’s unclear if they have been given a clear denial like the Giants and Yankees. As for teams that are still in the mix, Sasaki reportedly met with the Padres in San Diego recently, per a report from Dennis Lin, Will Sammon and Ken Rosenthal of The Athletic. This was after his recent meeting with the Blue Jays in Toronto.

Sasaki has been on the radar of MLB clubs for years, but his situation became very interesting once it became clear that he would be coming over to North America this winter. Since he is not yet 25 years old, he is considered an amateur under MLB’s international signing rules. That makes a massive difference in his earning power and opens him up to potentially sign with any club.

Per the international bonus pool system, each club has a limit on how much signing bonus money they can give to international amateurs, with this year’s pools ranging from $5-8MM. Broadly speaking, the large-market clubs have the smaller pools and vice versa. Teams can trade for more pool money but can’t add more than 60% of their initial pool allotment.

The Chiba Lotte Marines, Sasaki’s Nippon Professional Baseball club, will also be owed a posting fee. However, the value of that fee will be a percentage of his signing bonus and won’t be a large number either. Per the NPB posting rules, the fee is 20% of a deal’s first $25MM, 17.5% of the next $25MM, and 15% of further spending. Since Sasaki will be capped by the pool system, his deal will lead to a modest bonus, with the posting fee adding 20%.

Had Sasaki waited until he turned 25, he would have been considered a professional and could have signed a deal for any amount. That’s the route Yoshinobu Yamamoto took, eventually securing a $325MM deal from the Dodgers.

It can be debated as to who is the better pitcher between Yamamoto and Sasaki, but the point is that there’s tremendous upside in getting Sasaki aboard for such a small investment. Teams that normally don’t sign top free agents can become theoretical fits, while the larger clubs have big payrolls and competitive balance tax concerns, making them very interested as well.

By coming to North America now, Sasaki has seemingly illustrated that maximizing his short-term earnings is not his top priority. Since each club has roughly the same ability to offer him a bonus now, he should be focused on non-financial criteria for making his decision. It could come down to geography, a club’s reputation developing pitching or perhaps a team’s long-term competitive outlook. His agent, Joel Wolfe, said the plan was for teams to make pitches before the holidays. Sasaki would then travel to visit the home cities of certain clubs after the holidays.

A decision needs to come soon. Sasaki can’t officially sign until January 15 when the new pool year starts, but he also has to be signed by January 23, when his posting window closes. Now that there’s only a handful of days left, it seems he is narrowing the field.

The Yankees and Mets both reportedly met with Sasaki in December but it seems that he won’t be coming to New York to join either club. Both teams already have plenty of rotation options, though they surely would have welcomed the problem of adding Sasaki into the mix and further crowding things. The Yankees are already feel good enough about their pitching depth that they are reportedly shopping Marcus Stroman.

Perhaps signing Sasaki wouldn’t have added too much to the urgency to trade Stroman. MLB teams often use six-man rotations when folding in a Japanese pitcher, as the NPB usually sees starters throw once a week as opposed to the five-day rotation in North America. It’s a moot point now but the Yanks still project to start the year with a strong group that includes Gerrit Cole, Max Fried, Carlos Rodón, Luis Gil and Clarke Schmidt, which is why Stroman’s available.

The Mets have more uncertainty in their rotation but still have plenty of arms to potentially fill out their rotation. Sean Manaea, Kodai Senga, David Peterson, Frankie Montas, Clay Holmes, Paul Blackburn, Griffin Canning and Tylor Megill are all possibilities. There are question marks with many of those names but that’s eight viable candidates of varying degrees for five rotation spots.

Many observers have considered the Dodgers and the Padres to be the two most likely landing spots, so it’s not especially surprising that San Diego is still in the mix. No one can be sure what Sasaki’s priorities are, but it’s been suggested that the club’s West Coast location and strong performance in recent years are points in their favor, as well as Sasaki’s friendship with Yu Darvish.

As pointed out by The Athletic and others, the Padres could probably use Sasaki more than any other club. They have known financial constraints but plenty of holes to fill, which is why players like Luis Arráez, Dylan Cease, Jake Cronenworth and Robert Suarez have been in trade rumors this winter. Adding a pitcher of Sasaki’s caliber at such a discounted rate would be tremendously helpful for them.

As of right now, the rotation projects to include Darvish, Cease and Michael King, with plenty of question marks beyond that. Adding Sasaki would give the Padres a very strong front four, but it could also perhaps increase the chances of the Friars trading Cease for players that are cheaper and more controllable but less proven.

It’s still anyone’s guess what team will be chosen by Sasaki and why. As mentioned, the Jays are still a possibility, based on Sasaki’s recent trip to Toronto. The Padres are obviously in there as well. The Athletic mentions the Dodgers, Rangers, Cubs and Mariners are clubs that are thought to be in the mix. It’s unknown if Sasaki will visit with any of those other clubs but resolution is coming soon, with more information perhaps trickling out in the coming days.

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Orioles Sign Andrew Kittredge

By Anthony Franco | January 13, 2025 at 2:00pm CDT

January 13: The O’s officially announced their signing of Kittredge today.

January 9: The Orioles and free agent reliever Andrew Kittredge are in agreement on a one-year, $10MM guarantee, reports Ken Rosenthal of The Athletic. The Paragon Sports International client receives a $9MM salary for the upcoming season and is guaranteed a $1MM buyout on a $9MM club option for 2026. Baltimore has a full 40-man roster and will need to make a move when the contract is finalized.

Kittredge will step into a setup role in front of star closer Félix Bautista, who is making his return from Tommy John surgery. The veteran joins Seranthony Domínguez, Yennier Cano and Keegan Akin as potential high-leverage pieces in Brandon Hyde’s bullpen. Kittredge has plenty of seventh and eighth inning experience. He led the National League and finished second in MLB (behind Houston’s Bryan Abreu) with 37 holds for the Cardinals last season.

The righty earned the trust of St. Louis manager Oli Marmol as the top setup arm in front of star closer Ryan Helsley. He worked 70 2/3 innings with a 2.80 earned run average. Kittredge punched out a league average 23.3% of batters faced while limiting walks to a modest 7% clip. He missed bats on an above-average 13.7% of his pitches while doing a reasonable job keeping the ball on the ground.

Kittredge, who turns 35 shortly before Opening Day, isn’t a flamethrower. He worked in the 94-95 MPH range with both his sinker and four-seam fastball. That’s solid velocity but by no means exceptional for a modern late-inning reliever. Kittredge’s specialty is beating hitters with a plus slider. He turned to the breaking ball around half the time.

Opponents hit .177 against the pitch while swinging through it more than 40% of the time that they offered at it. He particularly excelled at getting hitters to go out of the zone. Opponents swung at nearly 42% of the pitches that Kittredge threw outside the strike zone. Among pitchers with 50+ innings, only Arizona left-hander Joe Mantiply got chases at a higher rate.

The one knock against Kittredge last season was a problematic platoon split. Pitchers who lean on a slider-sinker mix often struggle with opposite-handed hitters. That was certainly the case for Kittredge. He stifled right-handed batters to a .188/.247/.291 line in 183 plate appearances. Lefties teed off at a .296/.337/.571 clip with six homers in 104 trips. His career platoon splits aren’t as drastic, but lefties have managed a solid .244/.320/.455 slash in more than 400 plate appearances against him. Baltimore has a trio of southpaws who are locks for bullpen spots if healthy: Akin, Gregory Soto and Cionel Pérez. That gives Hyde some options if he wants to shield Kittredge from opposing lineups’ best lefty bats.

Despite the vulnerability to southpaws, Kittredge has a strong multi-year track record. He debuted with the Rays in 2017 and spent parts of seven seasons in Kevin Cash’s bullpen. Kittredge worked in middle relief for the first few years but had a breakout showing in ’21. He fired a career-best 71 2/3 innings of 1.88 ERA ball to earn an All-Star selection. Kittredge injured his elbow early the following year and required Tommy John surgery. The timing of that procedure limited him to 31 appearances between 2022-23.

Tampa Bay flipped him to St. Louis last winter for outfielder Richie Palacios. Kittredge picked up where he’d left off pre-surgery during his only season with the Cardinals. He owns a 2.48 ERA across 162 appearances going back to the start of the ’21 season. That made him one of the better relievers in this year’s free agent class, though his age limited the contractual upside.

MLBTR ranked Kittredge the offseason’s #40 free agent. We predicted a two-year, $14MM pact covering his age 35-36 seasons. He falls short of the multi-year deal and that overall guarantee but secures a solid salary for the upcoming campaign. Kittredge is the third pitcher and the fourth free agent whom the O’s have signed to a one-year deal this winter. Baltimore has added Charlie Morton ($15MM), Tomoyuki Sugano ($13MM), and Gary Sánchez ($8.5MM) alongside their biggest acquisition — outfielder Tyler O’Neill on a three-year, $49.5MM contract that allows him to opt out after the first season.

The five free agent expenditures have added $63MM (including Kittredge’s option buyout) to next year’s payroll. Baltimore has certainly been a bigger player under first-year owner David Rubenstein than they were in recent years under John Angelos. The O’s have shied away from any significant long-term commitments, instead adding shorter-term veteran pieces around their prized position player core. RosterResource calculates their ’25 player payroll around $156MM, which would be their highest figure since 2017. O’Neill is their only player on a guaranteed contract that stretches beyond this year.

Image courtesy of USA Today Sports.

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Braves Walked Away From Jeff Hoffman Deal Due To Physical

By Darragh McDonald | January 13, 2025 at 1:50pm CDT

1:50pm: Bowman further reports that the Braves’ offer to Hoffman was a five-year pact valued between $45-48MM total. The idea would have been for Hoffman to get an opportunity to pitch out of the rotation in the season’s first few years before a potential move to the ’pen down the road. The lengthy nature of the pact suggests that part of the aim was to tamp down the annual value of the contract and thus reduce the luxury hit.

1:25pm: Right-hander Jeff Hoffman signed with the Blue Jays on Friday, a three-year deal with a $33MM guarantee. Shortly after the Jays announced that signing, it was reported that the Orioles had agreed to give Hoffman $40MM over three years but backed out after flagging a shoulder issue in his physical. The saga continues today, as Mark Bowman of MLB.com reports that the Braves also walked away from a deal with Hoffman.

There are no details on Hoffman’s agreement with Atlanta. It’s unclear if this was before or after the agreement with Baltimore. It’s also not publicly known what sort of financials details were worked out between Atlanta and Hoffman. Bowman doesn’t specifically mention what issue Atlanta found in the physical, though it’s presumably the same shoulder problem that the O’s flagged.

It’s a notable development on a couple of fronts. For fans of the Jays, this will perhaps add to the level of concern that already developed out of the report about the deal with the O’s. All teams have different thresholds for what is or is not a concern during a physical, but the fact that two clubs were scared away from Hoffman will understandably be a bit nerve-wracking for fans of the club he is now a member of.

It bears repeating that the Orioles didn’t want to walk away from Hoffman completely. Per last week’s reporting, Baltimore continued negotiating with Hoffman after nixing the $40MM agreement. That suggests that whatever they found in his shoulder wasn’t a dealbreaker, but rather something that lowered the amount of money they were willing to commit to him. It’s unknown how much the shoulder issue knocked off of their offer, but it presumably dropped below the $33MM figure that Hoffman got from Toronto.

Time will tell if the shoulder becomes a problem for Hoffman during the next three years, but it’s a situation that has precedents. Carlos Correa is the most notable recent example, as he originally had a 13-year, $350MM agreement with the Giants before they flagged an ankle issue in his physical. That led to a 12-year, $315MM agreement with the Mets, though that was also quashed by the ankle issue. That led Correa back to the Twins on a six-year, $200MM guarantee with four vesting options that can eventually lead to Correa earning $270MM over ten years. Since then, Correa’s results have been mixed. He got into 135 games in 2o23 with tepid offense, followed by excellent numbers in 2024 but in just 86 games, heading to the injured list due to a right oblique strain and plantar fasciitis in his right foot.

There have been other examples of disagreements about health lately. The Yankees reportedly had a deal in place to acquire Jack Flaherty at last year’s deadline but walked away due to concerns about his back in the medical reports. The Dodgers seemingly had less concern, as they swooped in to get him. Flaherty went on to stay healthy, forming a key part of the club’s rotation down the stretch and through the playoffs as the Dodgers won the World Series.

This Hoffman situation also has some parallels to Toronto’s signing of Kirby Yates a few years ago. Going into 2021, the Jays gave Yates a $5.5MM guarantee with performance bonuses but he required Tommy John surgery and missed the entire season. In the wake of that surgery, it was reported that Atlanta had walked away from giving Yates a $9MM deal while the Jays also reduced their guarantee from $8.5MM, both due to concerns with the physical.

The Jays reportedly believed that Yates’s upside was worth the risk on that modest investment, which didn’t work out. In this instance, it’s unclear if the concern is as high as it was with Yates, though the investment is far larger. Though as mentioned, the O’s were still willing to make some kind of investment in Hoffman as well, to an unknown degree.

For Atlanta, while the details of their engagement with Hoffman aren’t known, this can perhaps tell us a bit about what’s next for them. If they had an agreement with Hoffman, it was likely somewhere in the $35-45MM range. That suggests both that they have some money to spend and a willingness to use it on upgrading the pitching staff.

Hoffman reportedly got some interest as a starting pitching earlier in the offseason. It’s unknown which role Atlanta had in mind, though they did do the reliever-to-starter conversion thing with Reynaldo López last year. They signed López to a three-year, $30MM deal and then moved him to the rotation for the 2024 season. That has worked out very well so far, as López posted a 1.99 earned run average in his 25 starts last year.

A rotation addition seems to be on the to-do list for Atlanta again this winter. They lost Max Fried and Charlie Morton to other clubs via free agency and were connected to Nathan Eovaldi earlier this winter, though he later re-signed with the Rangers. On the other hand, the bullpen lost A.J. Minter, Jesse Chavez and others to free agency, while knee surgery is going to possibly keep Joe Jiménez on the IL for the whole 2025 season.

Atlanta has been fairly quiet this winter, mostly making cost-cutting moves. That includes jettisoning Jorge Soler’s contract, non-tendering Ramón Laureano, turning down an option on Travis d’Arnaud and restructuring the deals for López and Aaron Bummer. It’s unclear exactly where they want the payroll to be but RosterResource currently projects it at $201MM, about $22MM below last year’s $223MM Opening Day figure listed at Cot’s Baseball Contracts. RR also has Atlanta’s competitive balance tax number at $217MM, which is $24MM shy of the $241MM base threshold of the tax.

Atlanta has paid the tax in each of the past two years. Back in December, president of baseball operations Alex Anthopoulos suggested the club could pay the tax again in 2025, though without firmly declaring that they would do so. Given the wiggle room they currently have, it’s possible for them to make a notable investment or two while still staying south of the line.

Hoffman could have been a part of their plans, either for the rotation or the bullpen, though they will now have the chance to redirect that money to someone else. The free agent market still features starters like Flaherty, Nick Pivetta and others, as well as relievers including Tanner Scott, Kenley Jansen, David Robertson and more. The trade market may feature names like Dylan Cease and Luis Castillo as rotation options, while Ryan Pressly and Erick Fedde are some relievers who could be available in trade talks.

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GM: Giants Have Been Informed They’re Out Of Running For Roki Sasaki

By Steve Adams | January 13, 2025 at 12:57pm CDT

The Giants are currently introducing future Hall of Famer Justin Verlander at a press conference, but there’s some other headline news coming out of that media session as well. Giants general manager Zack Minasian revealed during his comments that while his team met with Roki Sasaki’s camp, they’ve now been informed that Sasaki will not be signing there (link via Alex Pavlovic of NBC Sports Bay Area).

There are no further details on the matter than that. It’s not fully clear whether Sasaki visited Oracle Park in San Francisco or whether the meeting being referenced was conducted in Los Angeles, at the headquarters for Sasaki’s agency, Wasserman. That’s moot at this juncture anyhow, though, as the Giants’ elimination from the process is the latest step in narrowing the field.

Agent Joel Wolfe detailed at last month’s Winter Meetings that the plan for Sasaki’s free agency was for teams to submit initial presentations and pitches prior to the holidays. Sasaki and Wasserman hosted interested teams for meetings at a central location — Wasserman’s L.A. headquarters — and the plan was for the 23-year-old righty to then visit some finalists in their home locales after the holidays.

A full list of teams with which he’s visited isn’t publicly known, though Sasaki did travel to Toronto to meet with the Blue Jays recently. Presumably, with Wasserman being based in Los Angeles, Sasaki has met with the Dodgers and nearby Padres — the two long-presumed favorites in the bidding. Other clubs that have been prominently linked to Sasaki include the Rangers, Yankees, Mets, Cubs and Mariners.

With Sasaki not coming to San Francisco and Verlander’s deal now official, the Giants’ rotation appears all but set. Verlander will join Logan Webb, Robbie Ray, Kyle Harrison and Jordan Hicks in rounding out a quintet that’s quite talented but has a handful of question marks (Verlander’s age, Ray’s health, Hicks’ workload). In-house depth options with at least some big league experience include Tristan Beck, Hayden Birdsong, Mason Black and Landen Roupp.

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Giants Sign Justin Verlander

By Anthony Franco | January 13, 2025 at 12:30pm CDT

January 13: The Giants made the deal official over the weekend and introduced Verlander to the media today. Per Jon Heyman of The New York Post, in addition to the $15MM salary, Verlander’s deal also contains awards bonuses and a full no-trade clause.

January 7: The Giants are in agreement with Justin Verlander on a one-year deal, pending a physical. Verlander, a client of ISE Baseball, is reportedly guaranteed $15MM.

The future Hall of Famer will play his age-42 season in San Francisco. Verlander has previously suggested he hopes to pitch until he’s 45. There was never any doubt that he’d be back on a one-year contract somewhere. It always seemed unlikely to continue in Houston. Verlander had an illustrious run with the Astros around his first half stay with the Mets in 2023. He’s coming off a challenging season, though, leading Houston to let him walk.

Verlander took the ball 17 times and turned in a 5.48 earned run average through 90 1/3 innings. He had a pair of injured list stints — first in April for shoulder inflammation, then a two-month stretch between June and August related to a neck issue. Opponents tagged him for an ERA north of 8.00 over his seven starts after he returned from the latter injury. Verlander conceded after the season that he had come back too soon as he tried to contribute to Houston’s playoff push.

San Francisco believes there’s more in the tank with a healthy offseason. Verlander is only one year removed from an excellent season. He combined for a 3.22 ERA across 162 1/3 innings with New York and Houston in 2023. That came with a 21.5% strikeout rate that was well below Verlander’s prior level. That pointed to regression from his Cy Young form, but he still found plenty of success with diminished swing-and-miss stuff that year.

Verlander averaged 93.5 MPH on his four-seam fastball last season. That’s down slightly from the 94-95 MPH range in which he sat between 2022-23 but hasn’t completely fallen off the table. Pitching at less than full strength could account for that dip. If Verlander is fully healthy in 2025, it’s not outlandish to expect his velocity to rebound.

Health is an obvious caveat for a 42-year-old pitcher. Verlander has already defied expectations once, coming back from Tommy John surgery to win his third Cy Young at age 39 in 2022. Even if he’s not likely to repeat that kind of performance, he could be an asset as a mid-rotation arm and veteran presence in a staff that lost Blake Snell.

Logan Webb will be back to take the mantle as the team’s #1 starter. Verlander and Robbie Ray slot in the middle of the rotation as high-upside veterans who are trying to rebound from injuries. Former top prospect Kyle Harrison should be the fourth starter. President of baseball operations Buster Posey said last month that the Giants intend to give hard-throwing sinkerballer Jordan Hicks another chance at a rotation spot. Younger arms Landen Roupp, Mason Black and Hayden Birdsong could push Hicks for the fifth starter role.

This is the second free agent move of Posey’s first winter atop baseball operations. His big splash was a seven-year deal to install Willy Adames at shortstop. Posey has publicly suggested that continuing to strengthen the offense was a bigger priority than the rotation, but they evidently liked the value of a one-year roll of the dice on Verlander.

San Francisco had roughly $208MM in luxury tax obligations coming into today, as calculated by RosterResource. This will push them to around $223MM, a little less than $20MM shy of the $241MM base threshold. Verlander’s deal matches the $15MM salaries which veteran starters Alex Cobb and Charlie Morton also landed earlier this winter.

ESPN’s Jeff Passan first reported that the Giants and Verlander had agreed to a one-year deal. Jesse Rogers of ESPN reported the $15MM salary. Image courtesy of Imagn.

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Roki Sasaki Met With Blue Jays In Toronto

By Steve Adams | January 13, 2025 at 11:11am CDT

Within the next ten days, we’ll know where right-hander Roki Sasaki will be playing for the foreseeable future. The Japanese right-hander is one of the most talked-about international free agents in recent memory, due to a combination of age (23), pedigree (2.10 ERA in four NPB seasons) and his decision to potentially leave hundreds of millions on the table by pursuing an MLB move right now rather than in two years, when he’d be exempt from MLB’s bonus pool system for international “amateurs.” There’s been plenty of talk about the Dodgers and Padres as favorites, but Ken Rosenthal and Andy McCullough of The Athletic report that Sasaki recently traveled to Toronto to meet with the Blue Jays in person.

Back at last month’s Winter Meetings, agent Joel Wolfe of Wasserman laid out a timeline in which Sasaki would receive presentations from all interested teams and host interested parties at a central location prior to the holidays. The right-hander then planned to narrow the field and, post-holidays, meet with a smaller group of clubs in their home cities. That the Jays hosted Sasaki in Toronto ostensibly indicates that they’re still in the running in what’s effectively the second round of consideration.

That shouldn’t be construed with Toronto being considered any sort of favorite, however. Pinning down any kind of favorite at this stage remains difficult because so much hinges on the preferences of Sasaki himself. Baseball America’s Ben Badler just this morning ranked the Dodgers, Padres, Yankees and Rangers — in that order — as the likeliest to sign Sasaki.

The Dodgers and Padres have been the most heavily speculated landing spots — so much so in the case of the former that Wolfe felt obligated to publicly quash rumors of a pre-meditated deal between the two parties. Los Angeles and San Diego are both still believed to be in the running for Sasaki, who’s also been linked to the Mets, Rangers, Cubs, Mariners and Giants in recent weeks. It’s not yet clear which of those teams have hosted Sasaki for an in-person meeting at their own sites just yet.

Ultimately, the decision will boil down to where Sasaki feels most comfortable and which team he feels gives him the best long-term opportunity to develop as a pitcher. Wolfe has stated that market size isn’t a consideration. He said at last month’s Winter Meetings that he’d advise Sasaki against simply signing for the largest bonus right now, as the difference between theoretical bonus offers would be “negligible” compared to the “long-term arc of [Sasaki’s] career,” which is where he’ll truly earn his money.

Teams will still very likely to try to swing some deals to add space to their international bonus pools as they try to do everything they can to make themselves most enticing, but at least based on Wolfe’s prior comments — and based on how much Sasaki is leaving on the table to come to North American ball right now — it’s fair to presume that Sasaki won’t simply be going to the highest possible bidder.

Trade activity regarding bonus pool space is just one manner in which the international amateur market — which opens on Wednesday — is being thrown into chaos. Will Sammon, Dennis Lin and McCullough report at The Athletic that the Padres have told some international prospects with whom they’d previously reached handshake deals that they’re free to again talk to other clubs. Both the Padres and the Dodgers have also asked some within their expected group of signees if they’d wait to sign until next year’s period, per the report. The Dodgers already lost one high-profile prospect from their class to the Pirates.

It should be noted that while Sasaki cannot formally sign a contract prior to Jan. 15 and must sign by Jan. 23 (the final date in his 45-day posting window), he can agree to terms on a deal prior to either of those dates. It’s not clear of the right-hander is still traveling to meet with prospective clubs in their home locales, but in theory he could make his decision at any point now and simply sign on the dotted line when the international period opens. In that sense, it’s similar to any other free agent; it’s commonplace for an agreement to be reached, leak out to the public and only be formally announced by the team a few days later after the physical has been completed.

As a reminder of how this will all work, Major League Baseball’s international amateur bonus system allows clubs to sign players from Latin America, Asia, Europe, etc. beginning at age 16. Clubs scout players — particularly those in Latin America — for years ahead of time, often agreeing to handshake deals more than a year (sometimes two or three years) in advance. The league hard-caps each team’s bonus pool. Clubs are permitted to trade for up to 60% of the value of their initial bonus pools.

This year’s bonus pools range from $5.146MM (Dodgers, Giants) to $7.555MM (Reds, Tigers, Marlins, Twins, Brewers, A’s, Mariners, Rays). In theory, one of those eight clubs with the maximum pool size could trade to balloon their pool to $12.088MM. There’s no indication any of those clubs will do so, however.

International “amateur” players can only sign a minor league deal for a bonus that fits within a team’s allotted pool space (plus any additional space acquired via trade). Because of the stringent criteria to be classified a “professional” rather than an “amateur,” Sasaki will fall into the amateur bucket. MLB stipulates that a player must be at least 25 years of age and have six or more seasons of experience in a prominent foreign professional league (e.g. Nippon Professional Baseball, Korea Baseball Organization, Mexican League, Chinese Professional Baseball League, Cuban National Series, etc.). Had Sasaki waited two years, he might’ve been in line for the type of contract received by Yoshinobu Yamamoto (13 years, $325MM). Instead, he’ll sign a minor league deal with a bonus valued south (likely well south) of that $12.088MM maximum.

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Cubs Sign Colin Rea

By Darragh McDonald | January 13, 2025 at 9:04am CDT

Jan. 13: The Cubs have announced Rea’s signing.

Jan. 10: The Cubs are in agreement with Colin Rea on a one-year, $5MM guarantee. Rea receives a $4.25MM salary for the upcoming season and is guaranteed a $750K buyout on a $6MM club option for 2026. The right-hander is represented by Joe Speed. The Cubs have a full 40-man roster and will need to open a spot in order for this deal to become official.

Rea, 34, is coming off a solid two-year run with the Brewers. Over the 2023 and 2024 seasons, he tossed 292 1/3 innings for Milwaukee, making 49 starts and nine relief appearances. He allowed 4.40 earned runs per nine. His 19.9% strikeout rate was a bit below league average, but he showed strong control with a 6.6% walk rate.

The Brewers could have retained Rea for 2025 via a modest $5.5MM club option, but they somewhat surprisingly put him on waivers to see if any other club wanted him at that price point. No team ended up claiming him, so the Brewers simply went for the $1MM buyout instead. By getting $5MM from the Cubs on top of that $1MM buyout, Rea will come out marginally better financially than if the Brewers had simply picked up the option.

By joining the Cubs, Rea will be reunited with manager Craig Counsell, who was the skipper in Milwaukee before coming to Chicago a year ago. Rea was also with the Brewers in 2021, though he only got to pitch six innings in the majors that year. He then headed to Japan for the 2022 season, parlaying his decent performance over there into a return to the Brewers two years ago.

Rea doesn’t overpower hitters, averaging around 93 miles per hour on his fastball over the past two years, but he can keep them off balance with a diverse mix of six pitches. Per Statcast, he also threw a sinker, cutter, sweeper, splitter and curveball. He also didn’t lean on any one pitch too often, topping out with his sinker in each of the past two seasons, around 30% of the time in each year. That’s helped him have fairly neutral splits, with lefties hitting .257/.308/.465 against him last year and righties at .258/.315/.429.

For the Cubs, Rea is likely to slot into a similar swing role to the one he served with the Brewers. Chicago signed Matthew Boyd earlier this winter, adding him to a rotation mix that already had Justin Steele, Shota Imanaga and Jameson Taillon. Rea and Javier Assad have somewhat similar numbers over the past two years and could perhaps compete for the fifth spot in the rotation if everyone is healthy, with the other perhaps getting a long relief role in the bullpen.

Of course, rotations shift over the course of a season. Injuries are inevitable and some players will perform better or worse than expectations. The Cubs have guys like Jordan Wicks, Caleb Kilian, Ben Brown and Cody Poteet also on the 40-man roster, though they all still have options and are fairly lacking in experience. Prospect Cade Horton is not yet on the roster but could force his way into the mix during the upcoming season.

It’s also possible that the Cubs will make further moves to change the rotation plan. Since acquiring Boyd and trading Wesneski, they have been connected to free agent Jack Flaherty and trade candidates like Luis Castillo and Jesús Luzardo. The latter was already traded from the Marlins to the Phillies but another rotation acquisition of some kind is not off the table.

Rea’s role figures to be determined by those moves as well as the health and performance of everyone on the roster, including his own. He improves the depth of the pitching staff at a fairly low cost, relatively speaking. The starting pitching market has been aggressive this winter, as guys like Justin Verlander and Alex Cobb got $15MM guarantees despite being relatively older veterans coming off injury-marred seasons. Rea doesn’t have the same track record or ceiling as those guys but has been healthy and performing well lately, with just one third the salary commitment.

RosterResource now has the Cubs at a payroll of $181MM and a competitive balance tax number of $198MM. Last year, they eventually got to a $228MM payroll and went narrowly over the tax line. It’s unclear if they want to get to the same levels in 2025, but even if they want to avoid the tax, they can still add about $40MM to their CBT number while doing so. This year’s base CBT threshold is $241MM.

MLBTR’s Steve Adams first reported that the Cubs and Rea had agreed to a one-year, $5MM deal. ESPN’s Jesse Rogers reported the presence of a ’26 club option. MLBTR reported the option terms.

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Chicago Cubs Newsstand Transactions Colin Rea

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Anthony Santander, Jack Flaherty Reportedly Open To Short-Term Offers

By Nick Deeds | January 11, 2025 at 10:58pm CDT

As the offseason’s free agent market has developed and with Spring Training looming just over the horizon next month, a report from Ken Rosenthal and Will Sammon of The Athletic this evening suggests that some of the major free agents still available are weighing the possibility of turning towards short-term deals with high average annual values, as the so-called “Boras Four” of Blake Snell, Cody Bellinger, Matt Chapman, and Jordan Montgomery did last winter after not finding the long-term pacts they were hoping for in free agency.

Per Rosenthal and Sammon, outfielder Anthony Santander and right-hander Jack Flaherty are both now open to considering that sort of deal. Sammon also confirmed previous reports that indicated the camp of first baseman Pete Alonso had made an three-year offer to the Mets that includes multiple opt-outs, though it remains unclear if he’s open to similar short-term offers from other clubs at this point.

It’s a notable update to the market of all three players. Both Santander and Flaherty were reportedly looking for five-year deals that could have reached into the range of nine figures. Santander in particular reportedly has a contract offer on the table from the Blue Jays as of last week, though given the fact that he’s now open to exploring short-term deals it seems as though that offer may not have been one the switch-hitter was interested in accepting. It’s easy to imagine the possibility of getting a high-end free agent on a short-term deal opens up the market for these players, or perhaps convincing teams already connected to the players to become more serious about their pursuits.

As one example, Flaherty has previously been connected to the Cubs but there’s been some suggestion that Chicago (who signed Bellinger to a short-term, opt-out heavy deal just last winter) has reservations regarding the right-hander’s asking price. The Tigers, meanwhile, have been connected to both Flaherty and Santander but have remained opportunistic in free agency, locking down one-year deals with Gleyber Torres and Alex Cobb to improve their roster without making long-term commitments. Either of these clubs could theoretically be enticed to step up their efforts if their target is now open to considering a short-term deal.

While shorter-term deals can be attractive to teams as a way to mitigate risk associated with a particular free agent, they can still come with complications. While the deals Snell and Chapman signed in San Francisco last winter were clear successes for both sides, with Snell dominating down the stretch in a Giants uniform before signing a lucrative deal in L.A. back in November while Chapman had a resurgent season and extended with the club long-term, not all deals of this variety work out quite so well. Montgomery’s deal with Arizona quickly turned out to be a disaster as the left-hander endured the worst season of his career, got demoted to the bullpen, and has been shopped as a potential salary dump by the Diamondbacks this winter. Bellinger, meanwhile, posted a solid but unspectacular season in Chicago that led the Cubs to dump his salary in a trade with the Yankees last month in order to create an opening in the lineup for the addition of a more impactful bat than Kyle Tucker.

Even with those potential downsides, it’s easy to see why clubs could prefer a short-term deal rather than one that puts them on the hook for a player’s decline phase. After all, the Cubs were still able to shed the vast majority of the money owed to Bellinger in trade even after a pedestrian 2024 season, and the Diamondbacks could end up doing the same even after Montgomery’s disastrous campaign. Swinging those deals would be far more difficult if either player were on lengthy deals with larger overall guarantees, even if the AAV of those deals would likely be lower.

For the players, this sort of approach comes with both pros and cons. There is of course risk involved that injury or poor performance leads to them hitting the market with less value than they had in their initial trip through free agency. In the case of Flaherty, who is currently unencumbered by a Qualifying Offer, taking a short-term deal comes with a bit of extra risk given that even a wildly successful season could end up not leading to the sort of lucrative long-term deal he’s hoping for given the fact that he could be tagged with a QO in a future offseason. For a player already tagged with a QO like Santander, however, signing a short-term deal and hitting free agency after another strong season could provide an even larger boost to his value by allowing him to re-enter free agency unencumbered in the future.

While a willingness to consider short-term, high-AAV offers should open the market up for these players to an extent, that shouldn’t be taken to mean that a massive shakeup is guaranteed. Those high annual salaries figure to be an obstacle for clubs in or on the cusp of luxury tax territory as well as those dealing with budget crunches. As one example, Rosenthal and Sammon suggest that Alonso could look to seek a deal that offers an average annual value of $31.1MM in order to land the AAV record for first basemen. While that appears to be speculative on the part of the pair and they go on to suggest deferred money that would lower the net present value to be involved, even an AAV in the $25MM to $30MM range is the sort of figure that the majority of small-market clubs and even big spenders deep into luxury tax territory could be even less willing to stomach than a somewhat longer-term deal with a lower annual salary.

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New York Mets Newsstand Anthony Santander Jack Flaherty Pete Alonso

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Blue Jays Sign Jeff Hoffman

By Anthony Franco | January 10, 2025 at 11:59pm CDT

The Blue Jays made a significant bullpen upgrade on Friday evening, announcing a three-year deal with Jeff Hoffman that guarantees $33MM. The CAA client reportedly receives a $5MM signing bonus and can earn another $6MM in incentives. He’d unlock $500K for reaching each of 60, 70, 80 and 90 innings pitched in all three seasons. He’ll make a $6MM salary next season followed by $11MM annually from 2026-27.

General manager Ross Atkins said in a statement that Hoffman “will get an opportunity to close games for us” (relayed by Keegan Matheson of MLB.com). That suggests they’re planning to keep the right-hander in the late innings. Hoffman had reportedly drawn interest from teams as a starting pitcher.

Hoffman, who turned 32 on Wednesday, returns to the organization that drafted him more than a decade ago. The righty was Toronto’s first-round pick (ninth overall) out of East Carolina in 2014. He was a high-profile starting pitching prospect who landed among Baseball America’s Top 100 prospects in each of his first three professional seasons. Hoffman didn’t spend long in the Toronto system. One year after the draft, the Jays dealt him to the Rockies as part of the return in the Troy Tulowitzki deadline blockbuster.

The early portion of Hoffman’s major league career was a struggle. Like many young pitchers, he had a tough time at Coors Field. Hoffman had an earned run average north of 6.00 over parts of five seasons with the Rox. Colorado swapped him to the Reds for Robert Stephenson in advance of the 2021 season. Stephenson and Hoffman were each former top prospects whose careers would take off after a move to the bullpen.

For Hoffman, that didn’t materialize right away. He had a pair of decent but unspectacular seasons in Cincinnati, combining for a 4.28 ERA over 66 appearances. He signed with the Phillies on a minor league deal coming out of Spring Training in 2023. Hoffman had the best two seasons of his career in Philadelphia. He made the big league roster in early May of the first season and turned in 52 1/3 innings of 2.41 ERA ball.

That performance made him a key piece of Rob Thomson’s leverage group heading into 2024. Hoffman posted even better numbers during his second season at Citizens Bank Park. He worked 66 1/3 innings with a 2.17 ERA while striking out more than a third of opposing hitters. Over his tenure with the Phils, Hoffman turned in a 2.28 earned run average with a 33.4% strikeout percentage. He kept his walks to a modest 7.4% clip and held opponents to a .180/.249/.295 slash in 473 plate appearances.

Of the 97 relievers who have logged 100+ innings over the past two seasons, only five (Emmanuel Clase, Tanner Scott, Ryan Helsley, Kirby Yates and Tyler Holton) have a lower ERA. Hoffman also ranks sixth in strikeout rate, trailing Aroldis Chapman, Josh Hader, Fernando Cruz, Kirby Yates, and A.J. Puk. He is in the top 10 in swinging strike percentage. The 6’5″ hurler has the stuff to match those results. His fastball sits around 97 MPH on average. Hoffman mixes four pitches and has overpowered hitters with both the heater and his upper-80s slider.

That production earned him a contract commensurate with what most top setup arms have made in recent offseasons. It’s an exact match for what Stephenson, last winter’s breakout free agent reliever, earned from the Angels. Joe Jiménez, Reynaldo López, Rafael Montero, Taylor Rogers and Clay Holmes all landed three-year deals that guaranteed between $26MM and $38MM. Jordan Hicks signed for $11MM annually but was able to secure a fourth year from the Giants as he entered his age-27 season.

MLBTR ranked Hoffman as the #2 free agent reliever behind Scott. We predicted a four-year, $44MM deal. While the AAV was accurate, teams evidently were unwilling to go to four years at that salary for what would be his age 32-35 seasons. Hoffman was reportedly hoping to land a deal similar to the three years and $38MM that Holmes received from the Mets. He comes up a little bit shy of that, at least in part because New York is going to give Holmes an opportunity to move to the rotation.

Robert Murray of FanSided reported this evening that Hoffman had been set to sign with the Orioles on a three-year, $40MM contract before Baltimore took issue with his throwing shoulder during the physical examination. Teams have different standards for the injury risk that they’re willing to tolerate. Baltimore has a reputation for being particularly attentive to the physical. Hoffman has not spent any time on the injured list over the last two years. He missed a good portion of the second half of 2022 because of a forearm issue. He did miss around two months due to a shoulder impingement early in the ’21 season as a member of the Reds.

The signing is perhaps some evidence of a thaw in what has been a slow-moving reliever market. It’s the second straight day in which one of the top bullpen arms has come off the board, as Baltimore agreed to a $10MM deal with Andrew Kittredge last night (after pulling out of the agreement with Hoffman). Scott remains unsigned and should land the most significant reliever contract of the offseason by a decent margin. Carlos Estévez, Yates and David Robertson are among the next group of back-end arms.

It’s Toronto’s biggest free agent move of the offseason. Their only previous signing had been a two-year, $15MM deal to bring Yimi García back to the organization. They also took on nearly $100MM and acquired middle reliever Nick Sandlin in the Andrés Giménez trade. The Jays had the worst bullpen in the American League last season. They non-tendered Jordan Romano after an injury-plagued season for their former All-Star closer. (Romano signed with Philadelphia as a key replacement for Hoffman.) The trio of new bullpen pickups join holdovers Erik Swanson and Chad Green as potential late-inning options for John Schneider.

According to RosterResource, Toronto’s luxury tax number is up to roughly $239MM. That puts them within a few million of the $241MM base threshold. The Jays narrowly dipped below the CBT line last season. They’d need to be willing to exceed that marker if they’re going to make a notable offensive upgrade beyond Giménez. The outfield is the biggest issue on paper, while the Jays could also look to solidify a third base position that currently features a handful of young, unproven infielders.

Jon Morosi of the MLB Network first reported that the Jays and Hoffman were discussing a multi-year deal. FanSided’s Robert Murray reported the $6MM in bonuses, which Kiley McDaniel of ESPN specified. USA Today’s Bob Nightengale reported the signing bonus, while The Associated Press had the salary structure.

Image courtesy of Imagn.

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Newsstand Toronto Blue Jays Transactions Jeff Hoffman

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17 Players Exchange Filing Figures

By Anthony Franco | January 9, 2025 at 10:15pm CDT

This evening’s deadline to exchange filing figures has come and gone. The majority of arbitration-eligible players agreed to contracts to avoid going to a hearing. There were 17 instances where the player and team did not come to terms.

Technically, nothing prevents players and teams from continuing to negotiate. However, virtually every team takes a “file-and-trial” approach to the process. Clubs will mostly refuse to continue talks about one-year deals after this date. They’ll often make exceptions for discussions involving multi-year contracts or one-year deals with a club/mutual option. It’s unlikely that all of these players will end up getting to a hearing, but the majority probably will.

If the sides go to a hearing, a three-person arbitration panel will either choose the player’s or the team’s filing figure. They cannot pick a midpoint. That’s designed to prevent the parties from anchoring by filing at extremely high or low figures. Teams’ preferences for the file-and-trial approach follows a similar logic. The idea is to deter players from submitting a higher number from which they could continue to negotiate until the hearing begins.

The list of players who could go to a hearing this winter (service time in parentheses):

Angels

  • Luis Rengifo (5.043): Filed at $5.95MM, team filed at $5.8MM (per Jon Heyman of the New York Post)
  • José Quijada (4.046): Filed at $1.14MM, team filed at $975K (per Mark Feinsand of MLB.com)
  • Mickey Moniak (3.027): Filed at $2MM, team filed at $1.5MM (per Feinsand)

Brewers

  • William Contreras (3.112): Filed at $6.5MM, team filed at $5.6MM (per Feinsand)

Cardinals

  • Lars Nootbaar (3.076): Filed at $2.95MM, team filed at $2.45MM (per Feinsand)
  • Brendan Donovan (3.000): Filed at $3.3MM, team filed at $2.85MM (per Feinsand)
  • Andre Pallante (2.145): Filed at $2.1MM, team filed at $1.925MM (per Feinsand)

Cubs

  • Kyle Tucker (5.079): Filed at $17.5MM, team filed at $15MM (per Jesse Rogers of ESPN)

Dodgers

  • Alex Vesia (4.078): Filed at $2.35MM, team filed at $2.05MM (per Fabian Ardaya of The Athletic)

Nationals

  • Nathaniel Lowe (4.145): Filed at $11.1MM, team filed at $10.3MM (per Alden González of ESPN)

Orioles

  • Jorge Mateo (5.000): Filed at $4MM, team filed at $3.1MM (per Feinsand)

Padres

  • Michael King (5.004): Filed at $8.8MM, team filed at $7.325MM (per Heyman)

Pirates

  • Dennis Santana (4.126): Filed at $2.1MM, team filed at $1.4MM (per Feinsand)
  • Johan Oviedo (3.079): Filed at $1.15MM, team filed at $850K (per Feinsand)

Rays

  • Taylor Walls (3.092): Filed at $1.575MM, team filed at $1.3MM (per Feinsand)

Red Sox

  • Jarren Duran (2.155): Filed at $4MM, team filed at $3.5MM (per Feinsand)

Yankees

  • Mark Leiter Jr. (4.031): Filed at $2.5MM, team filed at $2.05MM (per Heyman)

—————————————

Tucker and the Cubs have the biggest gap in filing figures at $2.5MM. He’s one of the top two free agents in next year’s class and is unlikely to sign an extension, so they’re almost certainly headed to a hearing. King, who will be one of the best pitchers on the open market next winter, is the only other player with more than $1MM at stake depending on the results of the hearing. The smallest divide is the paltry $150K gap between Rengifo’s and the Angels’ respective filing figures. Hearings are scheduled to begin on January 27 and could run through February 14.

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