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Billy Beane Moves To Advisory Role With Athletics; GM David Forst To Oversee Baseball Operations

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The A’s announced Friday that longtime executive vice president of baseball operations Billy Beane is transitioning into a new role — a senior advisor to managing partner John Fisher. He’ll “work closely with Fisher on strategic decisions,” per the press release, and will also “support the work of baseball operations now headed by general manager David Forst.”

Billy Beane

“Billy is and will always be an Athletic,” Fisher said in a statement within today’s press release. “He is a trusted advisor to me and I look forward to continuing to work closely with him on strategic initiatives that impact our Club. This position at the ownership level allows Billy to pursue other non-baseball sporting interests while continuing to hold an important role with the A’s and me. I am also excited for David Forst to now serve as the head of baseball operations, while still continuing his long and successful partnership with Billy.”

Prior to this transition, Beane had been the longest-tenured baseball operations leader in the sport, having ascended to the post of general manager back in 1997. (That distinction now falls to Yankees GM Brian Cashman, who’s been running baseball ops in the Bronx since 1998.) Though Beane’s Athletics have never won a World Series, they’ve been a remarkably competitive club over the years in spite of working under some of the most stringent payroll restrictions in the game.

The A’s are one of three teams to never reach a $100MM payroll in a single season — arguably one of two, as the Pirates were a rounding error away from $100MM in 2016 when they had a $99.945MM. Only Oakland and Tampa Bay have never come within a stone’s throw of $100MM. The Athletics’ franchise-record Opening Day payroll was $92.2MM in 2019.

Despite rarely being able to keep his homegrown stars and what ostensibly appears to be an ownership-level aversion to extending pre-arbitration players on long-term contracts — the team’s most recent pre-arb extensions were Sean Doolittle in 2014 and Trevor Cahill in 2011 — Beane’s Athletics have reached the playoffs 11 times in a span of 25 years. Moreover, even amid the constant teardowns, rebuilds and transitional phases, the A’s never endured more than three consecutive losing seasons under Beane’s guidance.

“I’m incredibly proud of the 33 years I’ve spent here in Oakland, and I look forward to continuing with the A’s in this new role,” Beane said in his own statement. “I am eager to help guide the direction of the organization alongside ownership. If I have done anything well during my time at the A’s it is to create a succession plan, and no one is more prepared to take the helm than David. It has been a privilege to work alongside him for all these years and I look forward to continuing to be a resource for him.”

David Forst

Forst, 46, has been with the Athletics since 2000, rising from the team’s scouting ranks to become an assistant general manager and, in conjunction with Beane’s promotion to EVP, the team’s general manager. He’s held that title since 2015, but Beane has remained atop the team’s baseball operations hierarchy until now — effectively serving in the same “president of baseball operations” role that’s become commonplace throughout the industry, albeit with slightly varied wording.

Like Beane, Forst has long been eyed by other clubs as a potential baseball operations hire, but he’s remained entrenched in Oakland in spite of interest from other organizations. The Mets and Angels were reported to have some interest back in the 2020-21 offseason, and the Twins held interest in Forst back in 2016. Forst declined to speak with all three teams, opting to instead remain in Oakland, where he’ll now be granted baseball autonomy after a 22-year climb through the front office ranks.

Yankees Have Made New Offer To Aaron Judge

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Aaron Judge entered free agency on the heels of the best platform year we’ve seen in decades, having proven the decision to turn down the Yankees’ seven-year, $213.5MM extension offer back in Spring Training to be a wildly successful bet on himself. Judge, who naturally declined a qualifying offer last week, is now free to field interest from teams throughout the league, but Yankees general manager Brian Cashman and owner Hal Steinbrenner both voiced hope of getting a deal done and keeping Judge in the Bronx long-term.

Cashman confirmed to reporters last night that the team has already made a new offer to Judge (Twitter link via Bryan Hoch of MLB.com), stating that because Judge’s free agency is playing out “in real time… we’re certainly not going to mess around.” Steinbrenner backed Cashman’s sentiment, stating that he’s met with Judge multiple times since the season ended and “absolutely conveyed” that he wants him “to be a Yankee for the rest of his life” (via Newsday’s David Lennon)

Naturally, because Judge is an active free agent, Cashman didn’t disclose the terms of any new offer(s) — as opposed to his surprisingly candid Spring Training press conference, wherein he publicly announced the financial details of the Yankees’ final extension offer to Judge.

Judge is widely expected to top that spring extension offer handsomely, perhaps establishing a new average annual value record for position players and/or a new free-agent contract record in the process. At present, no position player has topped the $36MM AAV on Mike Trout’s 10-year, $360MM extension with the Angels (though Max Scherzer’s $43.33MM AAV is the overall record among big leaguers). Bryce Harper’s $330MM contract is the largest ever signed in free agency (though not the largest contract ever, as there have been a handful of extensions promising larger total sums).

Even with some form of record payday likely looming for Judge — MLBTR predicted an eight-year, $332MM contract on last week’s Top 50 rankings — Steinbrenner went on to note that he’s made clear to Judge that there’s ample payroll space to not only re-sign the recently crowned AL MVP but also make further additions to supplement the roster (via Lennon).

Even without Judge, the Yankees are projected for a bottom-line payroll north of $206MM, per Roster Resource, and a luxury-tax bill that’s already at nearly $223MM. Judge alone would push the Yankees into the second tier of luxury penalization, and any subsequent moves of note would then likely push the team into the third or possibly even newly created fourth tier of luxury penalties. Of course, those figures assume that the Yankees will tender contracts to and subsequently keep all 14 of their arbitration-eligible players, which seems unlikely. At least some of that group figures to be non-tendered before tonight’s 8pm ET deadline or tendered but subsequently traded, which would obviously alter the calculus.

Mariners, Diamondbacks Swap Kyle Lewis, Cooper Hummel

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The Mariners and Diamondbacks have swapped young big leaguers, announcing agreement on a one-for-one deal moving outfielder/DH Kyle Lewis to Arizona. The Mariners bring back catcher/outfielder Cooper Hummel in return.

Lewis is the more well-known of the players involved. Seattle’s first-round pick in 2016, he bounced back from an ACL tear in his right knee suffered during his first professional season to climb the minor league ranks. The Mercer University product made it to the big leagues late in the 2019 season, and he looked as if he’d cemented himself as a key piece of the organization the following year.

During the abbreviated 2020 campaign, Lewis appeared in 58 games and tallied 242 plate appearances. He connected on 11 home runs and walked in a fantastic 14% of his trips en route to a .262/.364/.437 line. That offensive production was 27 percentage points above league average, by measure of wRC+, and it earned him the American League Rookie of the Year award.

Few would’ve imagined Lewis would only spend two more years in Seattle coming off that season, but he’s rapidly fallen down the depth chart. That’s less due to performance than an unfortunate series of injuries in his right knee, which has proven consistently problematic. Lewis began the 2021 campaign on the injured list, and an April return proved brief. He went back on the shelf in early June, and the M’s subsequently announced he’d suffered a meniscus tear. He ended up missing the remainder of the season and wasn’t recovered in time for the start of this year.

Lewis opened the 2022 campaign back on the IL. He was reinstated on May 25, nearly a full calendar year since his previous MLB game. After a handful of games, he unfortunately suffered a concussion and spent another two months on the IL. Lewis returned in late July, played in 14 more games, then was optioned to Triple-A Tacoma. He spent the rest of the season there but had a solid showing, putting up a .245/.362/.517 line with 12 homers through 42 games there.

There’s obvious risk for the D-Backs in taking on a player who has appeared in just 54 MLB contests over the past two years. He’s never topped 58 big league games in a season and has only 130 career games and 526 plate appearances under his belt. Yet it’s similarly easy to see the appeal for general manager Mike Hazen and his group in rolling the dice on Lewis’ upside. During his lone healthy season, he showed the obvious power and plate discipline that made him such a well-regarded prospect. There’s a fair bit of swing-and-miss in his game, but he has a chance to be a middle-of-the-order caliber bat if healthy.

Lewis spent some time in center field as a minor leaguer and early in his big league career, but he was almost exclusively a designated hitter this past season. He’s capable of factoring into the corner outfield and could perhaps still moonlight up the middle if necessary, but the Diamondbacks aren’t going to rely on him in center field much — if at all. Corbin Carroll, Daulton Varsho, Jake McCarthy and Alek Thomas are all talented defenders, and Carroll and Varsho figure to get a particularly strong amount of playing time up the middle. Hazen has expressed a willingness to deal one of those players if it nets him help elsewhere on the roster, but Arizona’s depth of plus defenders should give them the chance to mostly keep Lewis off his feet as a DH.

Adding some right-handed pop was also a key offseason objective for Arizona, and Lewis could be a long-term righty power bat in the desert. He’s still just 27 years old and has two years and 146 days of major league service time. That qualifies him for early arbitration as a Super Two player, but MLBTR contributor Matt Swartz projects him for just a $1.2MM salary. He’s arbitration eligible through 2026, and the early-career injuries have kept Lewis from building the kind of resume that’d be handsomely rewarded through that process thus far.

Lewis’ departure will be jarring for Mariners fans, but it looked increasingly likely Seattle could subtract from the corner outfield after acquiring Teoscar Hernández from the Blue Jays yesterday. As another right-handed hitting right fielder/DH, Hernández made Lewis an arguably superfluous presence on the roster. Julio Rodríguez has cemented himself as the franchise center fielder, and the M’s still have a number of internal options — Jesse Winker, Jarred Kelenic, Taylor Trammell, Sam Haggerty and Dylan Moore — as left field possibilities. The M’s have reportedly floated Winker’s name in trade talks, but they could either look into a left field upgrade or rely on some of their younger options even if they send the former Red elsewhere.

In exchange for Lewis, they bring in a player with a bit more defensive flexibility. Hummel, 28 next month, was first drafted by the Brewers in 2016. Arizona acquired him at the 2021 trade deadline in a deal that sent veteran infielder Eduardo Escobar to Milwaukee. The right-handed hitter was sitting on a .254/.435/.508 line in Triple-A at the time, and the Snakes gave him his first big league chance this year.

Hummel scuffled over his first 66 MLB games, hitting just .176/.274/.307 with three homers in 201 plate appearances. He struck out in a huge 31.8% of his plate appearances during that time, but he walked at a strong 11.4% clip. Hummel also continued to hit well with Arizona’s top minor league affiliate, posting a .310/.423/.527 line in 33 games in Reno. In a bit more than 500 career plate appearances at the Triple-A level, the Oregon native has a .310/.429/.540 line with an incredible 16.7% walk rate.

On the defensive side of the ball, Hummel has split his time between catcher and the corner outfield. He got 14 MLB starts behind the dish and 17 apiece in left field and designated hitter. Prospect evaluators have never considered Hummel a likely everyday catcher, but the M’s don’t need him to be with Cal Raleigh as their franchise backstop. Hummel can factor in as an occasional catcher and corner outfield option off the bench, and he can still be optioned to the minor leagues in each of the next two years. He’s a flexible depth piece who has less than a full year of big league service. He won’t qualify for arbitration until at least after the 2024 season.

Jeff Passan of ESPN first reported the D-Backs and Mariners were swapping Lewis and Hummel.

Images courtesy of USA Today Sports.

Aaron Judge Wins AL MVP

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AL home run record holder Aaron Judge has been named the league’s Most Valuable Player, the Baseball Writers Association of America announced. Angels two-way star Shohei Ohtani finished second, followed by Astros slugger Yordan Alvarez.

Judge has been the favorite to claim the award since a few weeks into the year. The herculean slugger popped six home runs in the season’s first month and only picked up the pace from there. He topped double-digits in longballs in each of the next three months before collecting 20 more from August onwards. His homer pace hit a bit of a lull once he reached 60 and pulled within one of Roger Maris with a bit more than two weeks to play, but Judge eventually claimed the record with blasts off Tim Mayza and Jesús Tinoco.

It was an obviously historic season from a power perspective, but the three-time Silver Slugger winner’s achievements went beyond the longball. He flirted with a Triple Crown late in the season and ultimately finished second among AL qualifiers with a .311 batting average. His .425 on-base percentage paced the circuit, and his .686 slugging mark was well better than Alvarez’s second-place .613 figure. He also played a significant amount of innings in center field, adequately moving to the outfield’s most demanding position after a career spent mostly in right field.

Judge helped the Yankees to 99 wins and an American League East crown. He earned his fourth career All-Star selection, and finished in the top five in MVP balloting for the third time. It’s his first time winning the award, and it couldn’t have come at a better time personally. Judge is a first-time free agent, and his ultimate destination will be one of the storylines of the winter.

Ohtani comes in second place the year after winning his first MVP. An incomparable player, Ohtani hit 34 homers and posted a .273/.356/.519 line as a designated hitter. The right-hander also tossed a career-high 166 innings, posting a 2.33 ERA with an AL-leading 33.2% strikeout rate in 28 starts. On his pitching accomplishments alone, he finished fourth in Cy Young balloting. That’s nothing short of remarkable for a player who also finished fifth in slugging and fourth in longballs in the American League. If not for an historic offensive season from Judge, Ohtani would likely have flown to a second straight MVP.

Judge received 28 of 30 first-place votes, with Ohtani collecting the other two. They were 1-2 in some order on every ballot, while Alvarez picked up 22 third-place nods. The Houston star hit .306/.406/.613, trailing only Judge among AL players in on-base and slugging. He finished third in homers and earned his first All-Star selection and MVP finalist appearance.

Guardians third baseman José Ramírez secured six third-place votes and finished fourth overall. Astros second baseman José Altuve came in fifth, edging out Cleveland second baseman Andrés Giménez (the only player besides Alvarez and Ramírez to secure any third-place votes). Julio Rodríguez, Mike Trout, Xander Bogaerts and Cy Young winner Justin Verlander rounded out the top ten.

Full voting breakdown available here.

Paul Goldschmidt Wins NL MVP

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Cardinals first baseman Paul Goldschmidt has been named the National League’s Most Valuable Player, according to an announcement from the Baseball Writers Association of America. He was followed in the voting by Manny Machado of the Padres and his teammate Nolan Arenado.

Though he’s come close many times, this is the first MVP award for the veteran, who just turned 35 in September. Though he’s older than the typical prime years of most athletes, he had arguably the best campaign of his career in 2022. He hit 35 home runs and produced a .317/.404/.578 batting line. That production was an incredible 77% better than the league average hitter, as evidenced by his 177 wRC+. When combined with his solid defense at first base, he was considered to be worth 7.1 wins above replacement in the eyes of FanGraphs and 7.8 in the estimation of Baseball Reference.

Goldschmidt finished second among qualified NL batters in on-base percentage, trailing only Freddie Freeman. He led the league in slugging and tied for fifth in longballs. Along the way, he was named to his seventh All-Star game. Goldschmidt secured a fifth career Silver Slugger award and has appeared on MVP ballots each season going back to 2015. He’s under contract for two more years on the five-year extension he inked shortly after St. Louis acquired him from the Diamondbacks in a franchise-altering trade.

Machado secured a runner-up finish, the highest of his career to date. He’s now gotten into the top five in the voting on four separate occasions, including two of his four seasons in San Diego. He hit .298/.366/.531 with 32 homers and 37 doubles, appearing in 150 games. Machado finished 7th in the NL in on-base percentage and fourth in slugging. He earned his sixth career All-Star nod in the process.

Arenado picked up his 10th straight Gold Glove award this year with a typically excellent season at the hot corner. He also had arguably the best offensive year of his career, putting up a .293/.358/.533 line over 620 plate appearances. Only Goldschmidt and Mookie Betts topped him in slugging, while he finished ninth in on-base percentage. Arenado secured his seventh All-Star selection and fourth top-five MVP finish.

Goldschmidt picked up 22 of 30 first-place votes, while Machado secured seven votes. Arenado was the other player who got a first-place nod. Freeman finished in fourth overall and was penciled into six ballots in second place. Betts rounded out the top five, while Mets star Pete Alonso (who finished eighth) was the only other player to get a second-place vote. Austin Riley, J.T. Realmuto, Alonso, Francisco Lindor and Cy Young winner Sandy Alcantara placed sixth through tenth, respectively.

Full voting breakdown available here.

Mets Re-Sign Edwin Diaz

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November 17: Jon Heyman of The New York Post provides a full breakdown. Diaz will make $17.25MM in 2023 and 2024 with $5.5MM deferred with no interest. He will get a bump to $17.5MM in 2025 with $5.5MM deferred. Then he’ll get $18.5MM in 2026 and 2027 with $5MM deferred. The club option is for $20.4MM and has a $1MM buyout.

November 9: The Mets have officially announced the deal. Joel Sherman of the New York Post has more details on the deferred money, noting that it will be $5.5MM per year for the first three seasons and then $5MM per year for the last two. This means his CBT number will be $18.6MM (Twitter links).

November 6: The Mets have kicked off the off-season in spectacular fashion, inking superstar closer Edwin Diaz to a record-breaking five-year, $102MM deal. The deal comes with a $12MM signing bonus, full no-trade clause and has a team option for a sixth year which could take the total value of the deal to $122MM. Diaz will also have the ability to opt out of the contract after the third season, when he’ll be approaching his age-32 season. $26.5MM of Diaz’s salary is deferred. Diaz is represented by the Wasserman Agency.

The contract takes one of the top free agents off the board before free agency opens on Thursday afternoon, and it also sets a new standard as the biggest contract even given to a relief pitcher in terms of both total value and average annual value. Aroldis Chapman’s five-year, $86MM contract was the previous benchmark for total value, while Liam Hendriks’ ongoing three-year deal with the White Sox had given him the previous AAV high of $18MM.

Diaz, 28, was lights out for the Mets in 2022, tossing 62 innings of 1.30 ERA ball. He struck out more than half of the batters he faced, while walking just 7.7% of batters. He gave up just three home runs all year, and converted 32 of his 35 save opportunities. His fastball/slider combo has always been a nightmare for opposition batters, but he leaned far more heavily on his slider in 2022, going to it 58.1% of the time against his usual usage in the mid-30s, and the results were staggering. He led the majors in reliever ERA, strikeout rate and reliever fWAR. The strikeout rate was so dominant it tied Craig Kimbrel’s 2012 effort for the third best strikeout rate of qualified relievers in MLB history. Only Aroldis Chapman’s 52.5% mark in 2014 is better, but that came against an 11.9% walk rate, well above Diaz’s rate this season.

Though Diaz established himself as the best reliever in baseball this season, the deal does present a fair degree of risk particularly given Diaz’s career as a whole has been something of a roller-coaster. After being drafted in the third round of the 2012 draft by the Mariners, Diaz emerged as powerhouse arm out of Seattle’s bullpen. He averaged a 2.64 ERA over three seasons in Seattle, highlighted by a phenomenal 2018 season that saw him notch 57 saves, while posting a 1.96 ERA and finishing eighth in AL Cy Young voting. That prompted the Mets to acquire him that off-season, sending over their own top prospect Jarred Kelenic and taking on the bulk of Robinson Cano’s hefty contract to get him. That off-season blockbuster also featured Jay Bruce, Anthony Swarzak, Justin Dunn and Gerson Bautista.

The deal looked a shocker initially, as Diaz pitched to a 5.59 ERA in his first season in Queens. He maintained his strong strikeout rates, but struggled mightily with the long ball, giving up an average of 2.3 home runs every nine innings. He could have been an outside non-tender candidate that winter, but the Mets stuck with him, and their decision paid off immediately. Diaz bounced back in the 2020 pandemic-shortened season, curing his long ball problems and posting the best strikeout rate at that point of his career. He experienced a slight dip in 2021, posting a 3.45 ERA, although advanced indicators such as FIP suggested his performance was largely in line with his previous season (2.48 in ’21 against 2.18 in ’20).

Diaz has become a legitimate superstar of the sport in Queens. His performance speaks for itself, but his entrance to trumpets at Citi Field captivated all of sports and sparked a number of other theatrical entrances that look to mimic the atmosphere that Diaz’s entrance creates. While no reliever is a sure thing, Diaz is the best in the game at what he does, and Mets owner Steve Cohen has shown a willingness make money a non-issue when it comes to signing, or in this case re-signing, the game’s top talent.

It’s the first move in what could be a busy off-season for the Mets. Both their rotation and bullpen will significant addressing. Diaz was set to join Tommy Hunter, Adam Ottavino, Joely Rodriguez, Trevor May, Seth Lugo and Trevor Williams as relievers headed for free agency, while Mychal Givens has a mutual option for next year, meaning they effectively have to rebuild their bullpen entirely. Diaz is a major piece of that, but the Mets will still be heavily active in the relief market this winter. On the rotation side of things, Chris Bassitt has already declined his mutual option and will be a free agent, while Jacob deGrom is expected to confirm he’ll opt into free agency in the coming days. Taijuan Walker has a $7.5MM player option with a $3MM buyout, while Carlos Carrasco has a $14MM club option with a $3MM buyout, so the team could be seeking a number of starters as well. That’s not even getting into the offensive side of the ball, where the Mets will lose outfielders Brandon Nimmo and Tyler Naquin.

It shapes up as another busy off-season, and one which could see the Mets payroll soar to even greater heights. Cohen has never seemed too concerned with the payroll, but RosterResource has the Mets payroll at $251MM for 2023 currently, although that figure doesn’t assume deGrom will opt out. Even so, the team spent $282MM in 2022 on player payroll, and there’s definitely a path to them spending that or more in 2023 if they’re serious about competing in the tough NL East.

Bob Nightengale of USA Today was first to report that Diaz and the Mets were close to a deal. Jeff Passan of ESPN was first to report the deal was done and included an option, opt-out and no-trade clause. Tim Healey of Newsday had financial details of the option year and the time of the opt-out. Ken Rosenthal of The Athletic had details of the signing bonus, while SNY’s Andy Martino reported about the deferred money.

Photo courtesy of USA Today Sports Images

Astros To Re-Sign Rafael Montero

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November 17: Montero’s contract will see him earn $11.5MM in all three years, per Chandler Rome of the Houston Chronicle.

November 12: Rafael Montero and the Astros are in agreement on a three-year, $34.5MM deal, reports Jeff Passan of ESPN. Montero is the third elite reliever to fall off the board early, after the Padres re-signed Robert Suarez and the Mets held on to Edwin Diaz.

It’s a remarkable deal considering Montero has amassed just 0.1 bWAR over his career and had a 6.39 ERA just in 2021, but speaks to how good he’s looked since landing in Houston, and the early value teams are placing on high-end relief pitching.

Montero, 32, tossed 68 1/3 innings out of Houston’s pen this year in addition to six innings thrown late last year after coming over from Seattle, posting a 2.18 ERA in that time with a 26.8% strikeout rate and an 8.6% walk rate. He’d posted an ugly 7.27 ERA (albeit with decent peripherals) in Seattle last year, before the Astros acquired him as part of the Kendall Graveman deal. In Houston, he’s leaned more heavily on his fastball, and cut back on his sinker and slider usage. Hitters have found it incredibly difficult to square up his pitches, and he gave up just three home runs all year (and one more in the playoffs) and ranked in the 91st percentile for average exit velocity.

It’s certainly worth nothing that this isn’t the first time Montero has had a bit of success, only to crash not long after. The Rangers inked him to a minor league deal in 2019 after four unsuccessful years with the Mets that concluded with Tommy John surgery prior to the ’18 campaign. He turned into a valuable member of the Rangers bullpen that year, throwing 29 innings of 2.28 ERA ball. He regressed a bit in 2020, but the Rangers were still able to flip him to the Mariners for a couple of prospects – Andres Mesa and Jose Corniell – prior to the 2021 campaign, but things would unravel for him in Seattle.

While it’s easy to look at that 2019 season with the Rangers and draw similarities to his past season with the Astros in that it’s an isolated strong season amongst a wider portfolio of poor output, there’s plenty of evidence to suggest he’s turned a corner for good. For instance, in 2019 his peripherals were far less impressive than his actual output, and it was over a much smaller sample size (29 innings against 74 1/3 in Houston). Ultimately though, dishing out any sort of multi-year free agency deal to relievers comes with a large degree of risk, and given how tough relievers’ future performance is to predict, there’s no guarantees Montero performs like he did in 2022 over the life of this deal.

This deal locks up a key contributor from their World Series winning team, but it’s curious to see a major deal like this done one day after the team moved on from their general manager. Chandler Rome of the Houston Chronicle reported that assistant GM Andrew Ball and senior director of baseball strategy Bill Firkus are running the day-to-day operations for the Astros after the departure of James Click, although Rome adds that that doesn’t necessarily mean those two were responsible for the Montero deal.

Houston’s projected payroll now sits at $164MM per RosterResource, about $15MM shy of their 2022 mark. There’s every chance they bring back Justin Verlander, while they could seek additions at center field, catcher and first base, so there’s a strong possibility their payroll comfortably eclipses the $179MM mark from 2022.

Their bullpen was one of the strengths of their championship roster this past season, and with the likes of Ryan Pressly, Bryan Abreu, Ryne Stanek, Hector Neris and the now-returning Montero it’s shaping up to be one of the best in baseball again.

It also bodes well for other top relievers on the market. Montero’s $34.5MM deal follows on from Suarez’ five-year, $46MM contract with the Padres and Diaz’s record-breaking five-year, $102MM deal with the Mets. On the whole, relievers are being paid handsomely to kick off free agency this year, and the agents of pitchers like Taylor Rogers and Kenley Jansen will surely be pointing teams to these deals as price points when going into negotiations.

Photo courtesy of USA Today Sports Images

Padres Re-Sign Robert Suarez

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Nov. 17: The Padres formally announced a five-year deal for Suarez, which indeed includes an opt-out after the 2025 season.

Nov. 12: The Padres have made a massive strike to keep one of their top free agents. San Diego is reportedly in agreement with reliever Robert Suarez on a five-year, $46MM guarantee that allows him to opt out after the 2025 campaign. Suarez, a Don Nomura client, had declined a $5MM player option earlier this week.

That was a formality, as he was always likely to land a significant multi-year pact on the open market. Just as the time came for him to potentially speak with other teams, he and the Padres pushed a new deal across the finish line.

The new contract will reportedly pay Suarez $10MM in each of the next three seasons. If he were to opt out after 2025, he’d be leaving $16MM on the table, which breaks down as $8MM salaries in each of the 2026 and 2027 campaigns. There is also some notable annual bonus money available related to games finished, and those incentives kick in whenever Suarez finishes at least 25 games in a season. The bonuses max out at $3MM if he reaches 55 games finished.

Suarez had never played in the majors before this year. The Venezuela native had spent five seasons at Japan’s highest level, working late innings for the Fukuoka Softbank Hawks. The Friars signed him to a two-year deal last winter that allowed him to opt out after the 2022 season, taking a shot on a live arm with a history of success in Japan. The gamble his stuff would play against big league hitters paid off in spades, as he emerged as one of manager Bob Melvin’s top late-inning weapons.

During his first MLB appearance, Suarez walked two batters and hit a third. He failed to record an out and all three runners came around to score. It was a nightmarish debut, but the 31-year-old bounced back in a huge way. From the second day of the season onward, he pitched to a 1.70 ERA through 47 2/3 innings. Suarez punched out an elite 32.4% of batters faced along the way. His 10.1% walk percentage was still a bit higher than ideal, but he had no issue overpowering opponents while brandishing eye-popping stuff.

Suarez averaged 97-98 MPH on his fastball, backed up by an upper-80s changeup that served as his put-away offering. He only picked up one save, but he held 11 leads and worked in high-leverage situations throughout the year. Aside from the Opening Day blip, the only negative in his regular season showing was a two-month absence due to right knee inflammation. His stuff was no worse for wear upon his return in mid-August and the Friars clearly don’t harbor any concerns about his long-term health projection.

The postseason ended on a sour note for both Suarez and the Padres, as he was on the mound for what proved to be a season-ending home run allowed to Bryce Harper in the NLCS. He’d pitched his way out of a number of jams earlier in the playoffs before that dramatic at-bat against Harper, and he finished the postseason with a respectable three runs allowed in nine innings. The power stuff he showed along the way bolstered his market value on the eve of his return trip to free agency, and Suarez now cashes in with one of the best free agent deals for a non-closing reliever.

Suarez becomes the fourth reliever in the past decade to land a five-year guarantee. The previous three — Kenley Jansen, Aroldis Chapman and Edwin Díaz (who inked his deal last week) — each had closing experience and multiple seasons of big league success under their belt. That’s also true of players like Wade Davis, Liam Hendriks, Mark Melancon and Raisel Iglesias — who all bested a $46MM total over four or fewer seasons. Suarez’s track record of one-year dominance in the middle innings perhaps most closely compares to his now-teammate, Drew Pomeranz, who landed $34MM over four years during the 2018-19 offseason after an incredible second half in his platform campaign.

It’s a strong milestone for Suarez and his representatives that also keeps him with the club that gave him his first big league opportunity. He’ll return as a high-leverage piece for Melvin, joining Josh Hader, Luis García and a hopefully healthy Pomeranz in the late-game mix. Meanwhile, the successive early re-signings of Díaz and Suarez remove arguably the two best relievers from this winter’s free agent class.

The specific financial breakdown has yet to be reported. The Friars currently have around $203MM on next year’s books, in the estimation of Roster Resource. Their projected luxury tax ledger sits just shy of $225MM, and Suarez’s deal will add another $9.2MM to that tab. A contract’s luxury tax hit is determined by its average annual value, and the final two years of the deal are still considered guaranteed even though Suarez will have the chance to opt out of the arrangement. The Padres look likely to surpass next season’s $233MM base tax threshold, but ownership and the front office have shown no qualms about doing so in an effort to build one of the best rosters in the National League.

Jon Morosi of MLB.com was first to report Suarez and the Padres were in agreement on a five-year, $46MM deal. Ken Rosenthal of the Athletic reported the specific salary breakdown.

Image courtesy of USA Today Sports.

Padres, Nick Martinez Agree To Three-Year Deal

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Nov. 16, 9:46pm: Lin reports the full contract breakdown, which goes well beyond a traditional deal. According to the Athletic, Martinez will make $10MM next season. At the end of the year, the Friars have to decide whether to trigger successive $16MM team options for the 2024-25 campaigns — essentially a two-year, $32MM option. If the team declines those options, Martinez will have to decide whether to exercise successive $8MM player options — a two-year, $16MM guarantee — or test free agency next offseason. The deal also contains various yet-unknown incentives and escalators that could boost the price of both his 2023 base salary and those of the option years.

It’s an atypical but not completely unheard of contract structure. The deal resembles one signed by James Paxton with the Red Sox last winter, which gave Boston a two-year club option that, if declined, would leave Paxton to decide on a player option or trip to free agency.

It’s technically a three-year, $26MM guarantee, as previously reported. Player options are treated as guaranteed money, so that $16MM plus his $10MM base salary for next year counts as the $26MM total. For luxury tax purposes, it’s calculated as an $8.67MM average annual value. However, if the Padres were to exercise their option, Martinez would be paid $42MM over the next three years (plus any incentives he reaches). Depending on the option decisions, he could reach free agency again next offseason having collected $10MM or play things out in San Diego for three years at either $26MM or $42MM.

Nov. 16, 7:43am: Jon Heyman of the New York Post tweets the deal is a three-year, $26MM contract with incentives to boost that base-level guarantee.

Nov. 15: The Padres are in agreement with free agent righty Nick Martinez, tweets Jon Heyman of the New York Post. Ken Rosenthal and Dennis Lin of the Athletic (Twitter link) were first to report the sides were making progress on a new contract. Martinez, an Octagon client, had opted out of the final three years on his previous deal with San Diego last week. It’s a new three-year deal for Martinez, Lin reports (Twitter link). Unsurprisingly, he’s expected to top the $18MM he left on the table when he triggered his opt-out provision.

The 32-year-old will stick with the organization that signed him to a four-year guarantee last offseason. That deal, a surprisingly strong sum for a player who’d spent the prior three seasons in Japan, reunited the former Ranger hurler with longtime Texas executive A.J. Preller, who’s running baseball operations in San Diego.

Preller and his staff’s affinity for Martinez paid off, as the Fordham product acclimated well in his return to the big leagues. He began the year in the rotation, starting 10 of 12 appearances through the middle of June. He posted a solid 4.03 ERA in 60 1/3 innings, striking out a roughly average 21.9% of opposing hitters. Martinez walked batters at a slightly elevated 10.4% clip but was a generally solid back-of-the-rotation stabilizer.

The Friars nevertheless elected to kick Martinez to the bullpen at that point, preferring to rely on a rotation of Yu Darvish, Joe Musgrove, Blake Snell, Sean Manaea, Mike Clevinger and MacKenzie Gore. Even after Gore was injured and subsequently traded to the Nationals, San Diego kept Martinez in relief. That’s in large part due to his effectiveness, as he was particularly valuable for the club working in shorter stints. In 46 innings across 35 appearances from that point forward, he posted a 2.74 ERA while holding opponents to a putrid .211/.282/.333 line in 188 plate appearances.

Dominant as that showing was, Martinez didn’t experience the same kind of boost most pitchers do upon working in shorter stints. His strikeout rate actually dipped relative to his early-season mark, falling to 20.2%. His velocity did jump, but the bigger change in his profile was improved control. Martinez only walked 7.4% of batters faced upon a full-time conversion to relief; he also induced grounders on almost half the batted balls he allowed during that stretch.

Altogether, Martinez’s return season in the big leagues consisted of 106 1/3 innings of 3.47 ERA ball. He fared better in the bullpen but had success in both roles. Heading into his age-32 campaign, he and his representatives were faced with one of the tougher opt-out decisions of the winter. The three remaining years on his deal contained a total of $19.5MM in guaranteed money while affording him the chance to opt out after each season. He chose to do so after 2022, collecting a $1.5MM buyout while giving him the chance to explore offers from other teams.

Even as he hit the market, Martinez and the Padres seemed to have mutual interest in a reunion from the beginning. Perhaps the bigger potential stumbling block than financial terms was the hurler’s desire to get a full-time rotation opportunity. Preller confirmed at last week’s GM Meetings that Martinez preferred to be a starter, but he stopped short of publicly committing him a rotation spot. Dennis Lin of the Athletic wrote at the time some in the organization believed Martinez was a better fit for relief work, but it seems likely the Friars will at least give him a chance to compete for a starting job next spring.

The enviable rotation depth San Diego possessed six months ago is now far thinner. Gore was traded, while Manaea and Clevinger struggled down the stretch and look likely to depart via free agency. Musgrove signed a five-year extension and is locked in atop the rotation for the future. Darvish and Snell are each under contract for one more season and presently look as if they’ll occupy the second and third spots, although Preller’s affinity for bold roster shake-ups at least raises the possibility one of those two could be dealt. Even if they return, Martinez would join Adrián Morejón, Jay Groome, Ryan Weathers and Reiss Knehr among the internal candidates for a back-of-the-rotation spot. Further bolstering the starting staff figures to be a priority for Preller and his group, even if they plan to legitimately consider Martinez for one such role.

Financial terms of the agreement are not yet clear. The Friars presently have around $204MM in estimated commitments for 2023, not including Martinez, per Roster Resource. Their projected luxury tax ledger is around $225MM, not far shy of the $233MM base tax threshold. It looks likely the Friars will exceed the CBT for a third straight season in 2023 — particularly since the rotation, first base and left field remain areas in question for the win-now club in the coming months.

Image courtesy of USA Today Sports.

Justin Verlander Wins American League Cy Young Award

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Justin Verlander has been named the American League’s Cy Young award winner, according to an announcement from the Baseball Writers Association of America. He received all 30 first-place votes.

Like Sandy Alcantara in the National League, Verlander took the award in a clean sweep. The respective dominance of each player has look since taken away much of the intrigue as to who would actually claim the honors, and the unanimous finishes paint a picture of their excellence. Verlander’s elbow blew out during his first start of 2020, eventually leading to a Tommy John surgery that kept him out of action until this year. He returned to the Astros on a $25MM guarantee last winter and, despite being 39 years old, showed no ill effects of such a major procedure.

Verlander returned to make 28 starts, staying healthy until a late-season injured list stint with a calf strain. He tossed 175 innings with an AL-best 1.75 ERA, a mark nearly a half-run lower than that of the next-best finisher. Even with the late-season IL stay, the former MVP placed 16th in the Junior Circuit in innings. He finished seventh among those with 100+ frames in strikeout rate (27.8%) and walk percentage (4.4%) alike.

It’s the third career Cy Young nod for the future Hall of Famer. Verlander becomes the 11th pitcher in big league history to claim the award three times, joining former teammate Max Scherzer and Clayton Kershaw as the only active players to do so. He earned his ninth All-Star nod midseason and led his league in ERA for the second time.

Verlander’s Cy Young adds to an already illustrious resume, while his stellar season positions him for a fascinating trip to free agency. He’s presently on the open market after declining a player option with Houston for the 2023 campaign. There’s essentially no precedent for a pitcher performing this well hitting free agency heading into his age-40 season. Verlander’s sure to secure one of the loftiest per-year salaries in MLB history, and Houston owner Jim Crane said last night he’s looking to top Scherzer’s three-year, $130MM deal with the Mets from last winter.

The other finalists in the American League were Chicago’s Dylan Cease and Toronto’s Alek Manoah. Cease received 14 second-place votes to earn the runner-up finish after placing second with a 2.20 ERA in 184 innings. Manoah finished just behind him with a 2.24 ERA across 196 2/3 frames, securing seven second-place votes in his own right. Cease and Manoah joined Verlander in appearing on all 30 ballots in some capacity.

Shohei Ohtani finished in fourth place and actually secured more second-place votes (nine) than did Manoah after leading the league in strikeout rate. Innings leader Framber Valdez ended up in fifth. Others who earned at least one vote are Shane McClanahan, Shane Bieber, Nestor Cortes Jr., Gerrit Cole and Kevin Gausman.

Full voting breakdown available here.

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