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Angels Sign Raisel Iglesias To Four-Year Deal

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The Angels are keeping their closer in the fold, announcing the re-signing of Raisel Iglesias on a four-year, $58MM deal. The Magnus Sports client will make $10MM in 2022, followed by successive $16MM salaries from 2023-25.

Iglesias is the top free agent reliever on this winter’s market, a fact reflected in the reported four-year guarantee. Only one reliever (Liam Hendriks and Drew Pomeranz, respectively) has landed a four-year pact in each of the past two offseasons.

Iglesias earns his place among that group after posting one of the stronger seasons by any late-game option around the league. The Angels acquired the right-hander from the Reds last offseason in a move that required little more than assuming his $9.125MM salary for 2021. That proved to be an absolute bargain, as Iglesias acclimated well to his new home in Orange County. Assigned the Angels’ ninth-inning role, he tossed 70 innings of 2.57 ERA ball, successfully locking down 34 of 39 save attempts.

That marked Iglesias’ fifth season (out of six since he transitioned to the bullpen in 2016) of sub-3.00 ERA work. The Cuba native has rather quietly been one of the sport’s most consistent, reliable relief arms. That’s in spite of the fact that Iglesias has spent the majority of his career in Cincinnati, which sports one of the game’s most hitter-friendly ballparks.

Impressive as Iglesias’ run prevention numbers are, his underlying metrics may be even better. The right-hander has punched out a strong 29.7% of batters faced over the course of his career, and he’s coming off a personal-best 37.7% strikeout rate. That’s the eighth-highest mark of the 138 relievers with 50+ innings pitched, while his massive 20.6% swinging strike rate trailed only Josh Hader among that same group.

While many relievers can struggle to harness high-octane stuff, Iglesias has had no such problems. His walk rates in each of the past three seasons have been far lower than average, and this past season’s 4.4% figure was among the ten lowest among relievers. Iglesias’ 33.3 percentage point gap between his strikeout and walk rates ranked third, as did his 2.06 SIERA.

The only real drawback in Iglesias’ game has been the longball. He’s generally a fly-ball pitcher, and that’s led to some issues keeping the ball in the yard. Iglesias has allowed homers at a higher than average clip in three of the past four years, including a 1.41 HR/9 mark in 2021. That’s a small red flag, but Iglesias is so effective at preventing baserunners that he often mitigates the damage done via the home run. Opponents reached base at just a .243 clip in 2021.

Iglesias’ reported contract terms land right in line with expectations. Entering the offseason, MLBTR forecasted a four-year, $56MM guarantee that Iglesias moderately tops. That came after he rejected Los Angeles’ $18.4MM qualifying offer, a decision that proved wise given the solid multi-year contract he managed. The Angels won’t directly forfeit a draft choice for re-signing their own free agent, although they are passing on the right to collect the compensation pick they’d have received had Iglesias signed elsewhere.

That’s a worthwhile trade-off for the win-now Angels, who’ll hope for continued excellence from Iglesias at the back end of the bullpen. He becomes the second and more expensive multi-year relief investment of the offseason for Los Angeles, who also signed southpaw Aaron Loup to a two-year deal. They’ll try to anchor a bullpen that was below-average in 2021, even including Iglesias’ stellar numbers.

The deal’s financial breakdown has yet to be reported, but it becomes another significant deal on the Angels’ books. Iglesias’ $10MM salary brings the club’s estimated 2022 commitments around $172MM, per Jason Martinez of Roster Resource. The deal’s $14.5MM luxury tax hit (which is based on average annual value as opposed to actual payment schedule) puts the Angels’ projected CBT number above $185MM.

The luxury tax thresholds in the next collective bargaining agreement have yet to be determined, but the Angels haven’t exceeded the threshold in more than a decade. They’ve never opened a season with a player payroll higher than last year’s $181MM mark, per Cot’s Baseball Contracts. Whether owner Arte Moreno is willing to push beyond that in 2022 remains to be seen, but there figures to be plenty of urgency to put a strong supporting cast around the Angels’ star core. Los Angeles could also have to deal with a tougher division than they have in years past, as the Rangers and Mariners have been among the most active teams this offseason.

Ken Rosenthal of the Athletic was first to report the Angels were nearing agreement with Iglesias on a four-year deal. Jeff Passan of ESPN was first to report the deal had been agreed upon. Jon Morosi of MLB.com reported the $58MM guarantee. Jeff Fletcher of the Orange County Register was first with the financial breakdown.

Image courtesy of USA Today Sports.

Cubs Sign Marcus Stroman

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The Cubs have agreed to terms with free agent starter Marcus Stroman, the team has now officially announced.  The Tidal Sports client will receive a three-year, $71MM contract with an opt-out after the second season, according to ESPN’s Jeff Passan.  Passan says Stroman will earn $25MM plus a potential $2MM in escalators in each of the two seasons before he must decide whether to opt out of the remaining $21MM.  The contract does not contain a no-trade clause, MLBTR has learned.

After opting out of the 2020 campaign, Stroman accepted an $18.9MM qualifying offer from the Mets last winter. Stroman’s bet has paid off with a guarantee of $89.9MM over his first four free agent seasons spanning 2021-24. Entering the offseason, MLBTR ranked Stroman the #11 free agent overall, projecting him to receive a five-year, $110MM guarantee.

With Max Scherzer, Kevin Gausman and Robbie Ray all off the board, Stroman looks the best bet remaining to provide above-average innings over the next few years.  However, unless the Cubs add significant pieces, Stroman’s timeline doesn’t seem to match up with the club’s next window of contention, given the surprisingly short term and the opt-out clause.  On the other hand, the unexpected contract structure means the Cubs won’t be saddled with Stroman’s age-34 and 35 seasons as they would have with a five-year pact.

The 30-year-old Stroman doesn’t feature the high-octane, strikeout stuff those other top arms possess. Yet he’s nevertheless been a mid-rotation or better starter for essentially his entire career, thriving on the back of huge ground-ball rates. Stroman has induced grounders on over half the balls in play against him in every season as a big leaguer. His 50.8% mark in 2021 was a personal-low, but even that checked in about seven points above the league average for starters.

Those huge ground-ball tendencies — he was consistently over 60% in that category during his run with the Blue Jays — have kept Stroman largely immune to the increasing home run rate around the league. He’s never had a season allowing even one longball per nine innings pitched, an impressive achievement as the typical starter has allowed between 1.2 and 1.5 homers per nine over the past few years.

Stroman also owns strong control of his arsenal, headlined by a worm-burning sinker he uses a bit more than 40% of the time. He’s never had a season with a higher than average walk percentage, including an even 6% mark in 2021 that was a couple points lower than the 7.8% league rate. Beyond his fastball, the right-hander mixed in a slider, split and cutter more than 15% of the time, according to Statcast.

That repertoire has served Stroman well, as he’s reliably produced in recent seasons. He’s worked to a sub-4.00 ERA in four of his six seasons with 100+ innings pitched, including a personal-best 3.02 mark over 179 frames in 2021. Despite an atypically small frame for a starter, Stroman has also proven a consistent workhorse capable of shouldering fairly significant workloads. He’s started 32+ games and exceeded 175 innings in four of the past five full seasons, with his 19 starts and 102 1/3 frames in 2018 the lone exception. Going back to the start of 2016, he ranks fifteenth in innings pitched league-wide.

As an added bonus, Stroman is coming off his best season from a swing-and-miss perspective. He generated whiffs on a career-high 11.6% of his offerings in 2021, just north of the league mark. The New York native is typically below-average from both a strikeout and swinging strike perspective. But he’s proven capable of succeeding without many whiffs, and any uptick in swing-and-miss stuff could take his game to the next level.

In Chicago, Stroman will pair with Kyle Hendricks at the top of the rotation. Wade Miley has a spot locked down, with Adbert Alzolay also looking likely to claim a back-end spot. There’s certainly still room for upgrades over the likes of Justin Steele and Alec Mills, and it wouldn’t be a surprise if president of baseball operations Jed Hoyer, general manager Carter Hawkins and the rest of the front office further bolster that group.

Speculatively speaking, a high-strikeout arm might still be on the wish list. While Stroman’s an unquestionable upgrade to the rotation, his grounder and control oriented style broadly aligns with those of the rest of the Cubs’ starters. Chicago’s rotation ranked eighth in ground-ball rate in 2021 but finished third from the bottom in strikeout percentage. Adding some more swing-and-miss to that group could be desirable, although it’s also broadly apparent that the Cubs are content to pursue ground-ball pitchers and rely on the infield behind them to turn batted balls into outs.

The Cubs are in an organizational transition period, having traded away the core members of their 2016 World Series winner over the past year or so. The roster still seems to have too many holes to compete in 2022, with uncertainty at the back of the rotation and the position player group featuring a handful of journeyman stopgap types. Hoyer has consistently pushed back against the idea the Cubs were orchestrating a full rebuild, though, and their actions this offseason reflect that.

In addition to the Stroman signing, the Cubs claimed Miley off waivers from the division-rival Reds and added backstop Yan Gomes on a two-year pact. That doesn’t preclude further trades off the big league roster — the Gomes signing seems to make a Willson Contreras deal particularly likely, for instance — but it’s clear the Cubs aren’t content to sit at the bottom of the NL Central without making any sort of effort to be competitive.

The collective bargaining agreement prohibits players from receiving multiple qualifying offers over the course of their career. Because the Mets tagged Stroman with a QO over the 2020-21 winter, they weren’t able to do so this time around. They’ll allow him to depart without receiving any form of compensation, while the Cubs won’t forfeit any draft choices or international signing bonus space to bring him in. That’s no doubt appealing for a Chicago team that needs to continue to add an influx of young talent to the organization.

Matt Spiegel reported this afternoon that the sides were in discussions, while Jon Heyman of the MLB Network tweeted the parties were “in serious talks” shortly before Stroman’s announcement. 

Twins Sign Dylan Bundy

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The Twins announced they’ve signed starter Dylan Bundy to a one-year deal with a club option for 2023. The BBI Sports Group client will reportedly be guaranteed $5MM, taking the form of a $4MM salary in 2022 and at least a $1MM buyout on the $11MM option.

Bundy profiles as a buy-low option for a Minnesota club that needs to significantly overhaul its rotation this winter. The former top prospect had settled in as an up-and-down but capable starter with the Orioles over his first few seasons before seemingly realizing his long-awaited breakout in 2020. Acquired by the Angels over the previous offseason, Bundy worked 65 2/3 innings of 3.29 ERA ball with a strong 27% strikeout rate during the truncated season.

Entering 2021, Bundy looked to be one of the more appealing arms in this winter’s free agent class. Few players’ stocks were dealt a more significant hit over the intervening months, though, as the right-hander struggled with both underperformance and injury. Bundy pitched to a 6.78 ERA over the season’s first three months, eventually being relegated to the bullpen.

His strikeout percentage dropped six points prior to his bullpen conversion, while he allowed an alarming 2.1 homers per nine innings pitched. That was in line with issues keeping the ball in the yard he’d experienced in Baltimore, a significant turnaround from the 0.69 HR/9 he posted during his first season in Orange County.

The move to the bullpen didn’t work as intended, as the Oklahoma native continued to struggle in shorter stints. Making matters worse, he hit the injured list with a shoulder strain in late August. While he’d initially expressed hope regarding a potential return, that proved impossible. Ultimately, Bundy hit free agency for the first time coming off a career-worst 6.06 ERA and an extended absence due to an arm injury.

There’s no doubt the 2021 campaign was a “Murphy’s law” type season. Yet Bundy’s only a year removed from looking like at least a mid-rotation caliber arm, and there’s not a whole lot of financial risk for the Twins in hoping for a bounceback. With Kenta Maeda likely to miss much of the season after undergoing Tommy John surgery, the Twins have very little stability in the starting staff. Bailey Ober looks likely to have one spot after a quietly strong 2021 campaign, while rookie Joe Ryan pitched well down the stretch. There’s still plenty of need for more reliability in that group moving forward, and it’s likely president of baseball operations Derek Falvey, general manager Thad Levine and the rest of the front office will continue to scour the free agent and trade markets for starting pitching help.

Jon Heyman of the MLB Network reported contract terms.

Image courtesy of USA Today Sports.

Diamondbacks Sign Mark Melancon

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The Diamondbacks have added a proven closer to their murky bullpen mix, signing reliever Mark Melancon to a two-year contract with a $14MM guarantee. The ISE Baseball client will receive a salary of $6MM in both 2022 and 2023. The deal also comes with a $5MM mutual option for 2024, which includes a $2MM buyout.

Melancon is coming off his seventh career sub-3.00 ERA season — his second in as many years. After signing with the Padres for a comparatively paltry one year and $3MM shortly before the start of 2021 Spring Training, the four-time All-Star led the big leagues in saves for the second time in his career, notching 39 in 64 appearances.

Though something of a journeyman — and hardly a flamethrower by today’s standards — Melancon has established himself as one of the game’s most consistently effective relievers. Across a 13-year career with the Yankees, Astros, Red Sox, Pirates, Nationals, Giants, Braves, and Padres, Melancon has covered 670 2/3 innings with a sparkling 2.79 ERA (2.94 FIP). His 244 saves ranked fourth among active players, behind only Craig Kimbrel, Kenley Jansen, and Aroldis Chapman.

Unusually unreliant on the strikeout for a closer (his 22.6% strikeout rate barely exceeds the major league average of 20.6%), Melancon relies on an elevated ground ball rate (56.4%; league average is 43.8%) to limit the longball; indeed, his home run rate of 1.4% is less than half the 2.9% big-league average. Though now entering his age-37 season, these trends have shown no signs of decline; since 2019, Melancon’s GB% and HR% are 58.7% and 1.4%, respectively — right in line with his career numbers.

Though he hasn’t had a poor season since at least 2012, when he posted a 6.20 ERA (4.58 FIP) in Boston, Melancon has experienced something of a late-career resurgence. From 2013 to 2016, he put together 290 innings of 1.80 ERA ball — good for an eye-popping 213 ERA+ — to go along with 147 saves for the Pirates and Nationals, including a majors-leading 51 for Pittsburgh in 2015. He turned those numbers into a four-year, $62MM pact with the Giants after the 2016 season, though a blood flow issue limited his availability and effectiveness. In 115 1/3 innings in San Francisco, Melancon compiled a still-solid 3.67 ERA (3.32 FIP) before heading to Atlanta in a deadline-day trade in 2019. He’s since pitched 108 1/3 innings of 2.66 ERA ball between the Braves and Padres.

The move to Phoenix represents something of a homecoming for Melancon, who played college ball at the University of Arizona in Tucson. The move is at least a bit surprising, though, as D-backs GM Mike Hazen had frankly admitted the club is unlikely to in contend 2022. Coming off an NL-worst 52-110 record in 2021, Arizona looks at least a few years from contention, even as several of their top players (Ketel Marte, Zac Gallen, Carson Kelly) are under team control for several years to come.

Arizona will hope that Melancon can stabilize a bullpen in need of a few more arms but with several serviceable pieces. Caleb Smith, Noe Ramirez, and J.B. Wendelken will return after solid years, and 23-year-old Luis Frias will look to build on a promising debut in 2021. Few other relievers were able to string multiple solid outings together, however, as the club finished third from the bottom with a 5.08 ERA on the year — ahead of only the Nationals and Orioles.

The Diamondbacks may not contend in 2022, but Hazen’s decision to give real (if comparatively modest) money to Melancon could signal that he’s sincere in his stated preference to hold onto his best young players. Marte in particular would return a king’s ransom, but Arizona does have a top-10 farm system (No. 9, per MLB Pipeline) that includes three top-50 prospects in Jordan Lawlar, Corbin Carroll, and Alek Thomas (though only Thomas is close to big-league-ready).

According to Cot’s Baseball Contracts, Melancon’s $6MM 2022 salary will put the D-backs just north of $55MM in salary commitments for 2022 (excluding salaries for players eligible for arbitration), a big step down from last year’s roughly $96MM number. Hazen’s comments likely signal that the club intends to remain below that number, but he will like have space to continue to add should he choose to do so.

Ken Rosenthal of the Athletic was the first to report the signing; Jeff Passan of ESPN reported the guaranteed money; and Nick Piecoro of The Arizona Republic tweeted Melancon’s annual salaries and the terms of his option. 

 

Phillies Sign Corey Knebel

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The Phillies announced the signing of reliever Corey Knebel to a one-year contract this afternoon. It’s reportedly a $10MM guarantee. Knebel is represented by Excel Sports Management.

The bullpen has been a major weak spot for the Phillies in each of the last two seasons, and Knebel now provides some much-needed late-game help for the club, potentially even in the closer role.  Knebel has previous experience as the Brewers’ closer (including a 39-save, All-Star season in 2017) before injuries derailed his career.

Phillies president of baseball operations Dave Dombrowski is very familiar with Knebel, as back when Dombrowski was running the Tigers front office, Detroit selected Knebel 39th overall in the 2013 draft.  Knebel began his MLB career in a Tigers uniform, but after a pair of trades from Detroit to Texas to Milwaukee, he emerged as a very intriguing arm out of the Brew Crew’s bullpen.

Knebel underwent Tommy John surgery in March 2019 and returned to toss only 13 1/3 innings of rather shaky 6.08 ERA ball, though such struggles aren’t uncommon for a pitcher returning from such a layoff.  The Brewers opted to trade Knebel to the Dodgers rather than face the question of whether or not to tender him a contract in his final arbitration-eligible year, and to some extent, Milwaukee’s concerns were realized, as Knebel ended up missing almost four months of the 2021 campaign due to a right lat strain.

When he did pitch, however, Knebel looked much closer to his old form.  He posted a 2.45 ERA over 25 2/3 innings, with a 29.7% strikeout rate and 8.9% walk rate and dominant numbers against both right-handed and left-handed batters.  Velocity-wise, Knebel’s heater was back up to 96.4mph —- still a tick below his 97.4mph career high in 2017, but a nice step up from the 94.4mph velo he showed in 2020.  Knebel’s fastball spin rate also rebounded from 2020, and he posted a career-best spin rate on his curveball that topped his already-strong past numbers.

The contract is a nice late birthday present for Knebel, who turned 30 years old last week.  While he has already had a lot of ups and downs in his career, that age is a reminder that Knebel is still in his veritable prime, and might resume his status as a frontline relief arm if he is able to stay healthy.  The one-year contract may be a nod to both his lengthy injury history, and perhaps Knebel’s own desire to showcase himself in advance of a larger multi-year commitment next winter.  MLBTR projected Knebel for a two-year, $18MM pact, and he sat 38th on our ranking of the offseason’s top 50 free agents.

Knebel is by far the biggest of the Phillies’ bullpen adds this winter, topping a list that includes Ryan Sherriff, Nick Nelson, Yoan Lopez, Kent Emanuel, and Scott Moss.  The relief corps also took a hit when former closer Hector Neris departed to sign a free agent deal with the Astros.

Jeff Passan of ESPN was first to report the Phillies and Knebel were in agreement. Jim Salisbury of NBC Sports Philadelphia reported the sides were “in advanced talks” this morning. Jon Heyman of the MLB Network was first with contract terms.

Image courtesy of USA Today Sports.

No More Negotiations Scheduled Between Owners, Players Prior To CBA Expiration

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2:04PM: This afternoon’s session between the two sides concluded after seven minutes, according to ESPN.com’s Jeff Passan (Twitter links).  There won’t be any more negotiations today, and the lockout is expected to begin this evening once the current CBA officially expires.

12:46PM: Negotiators from Major League Baseball and the MLB Players Association continue to meet this afternoon, though there is still an expectation that the league will commence with a lockout as soon as the current Collective Bargaining Agreement expires at 10:59 CT tonight.  Several reports have suggested that the two sides are far enough on several core issues that there is virtually no chance that an actual deal could be reached prior to the deadline, yet that doesn’t mean progress couldn’t still be made as the baseball world enters a work stoppage and a transactions freeze.

In response to the league’s most recent proposal of a 14-team playoff field, the MLBPA has responded with a new proposal of its own, according to ESPN.com’s Jesse Rogers.  The union’s latest offer would increase the playoff field to 10 to 12 teams, and also involve a huge overhaul of the current three-division alignment in the AL and NL.  Under this new idea, each league would have 15 teams split into two divisions — one with seven teams and one with eight teams —  and six AL and NL clubs apiece heading to the postseason.

The union’s proposal also included such notable details as advertising patches to be worn on jerseys, and more big-picture changes to baseball’s revenue-sharing system, the free agent system, and the arbitration process.  As well, the MLBPA are looking for a substantial increase in the luxury tax threshold, up to $240MM from the 2021 threshold of $210MM.

Looking at these last two proposals between the two sides, there does appear to be some room for common ground on at least a couple of fronts, even if many of the larger issues remain harder to solve.  For instance, it would seem like the postseason will probably end up being expanded in some form, with the specific size to be determined.  Also, while one of management’s proposals back in August involved lowering the luxury tax threshold to $180MM and installing a salary floor of $100MM, that idea seems to have been scrapped, based on natural resistance from the union.  As per ESPN’s Jeff Passan, MLB’s last proposal involved the idea of the luxury tax line once again being raised by a slight extent, though it wasn’t clear if the threshold would continue to be increased on an annual basis (as in the current CBA).

Therefore, it seems reasonable to speculate that the next CBA will include an elevated luxury tax threshold of some kind, even if the $30MM jump desired by the union doesn’t happen.  Left unknown, of course, is what types of penalties will be faced by teams that exceed the tax threshold, as the current system penalty system (an increasingly surchage on the overage and, at maximum, a drop in the draft order and international draft pool subtractions) have already proven to be deterrents to a large portion of baseball’s teams.  The MLBPA, of course, would want to see lesser or even no penalties at all in order to create more incentive for teams to spend on roster upgrades.

“When you look at how the 2016 CBA agreement and how that has worked over the past five years, as players, we see major problems in it,” Max Scherzer told The Washington Post’s Chelsea Janes (Twitter links) and other reporters.  “Specifically, first and foremost, we see a competition problem and how teams are behaving because of certain rules that are within that. Adjustments have to be made to bring up the competition.  As players, that’s critical to us to have a highly competitive league, and when we don’t have that, we have issues.”

Giants Sign Alex Wood

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TODAY: The signing is official.  According to multiple reporters (including John Shea of The San Francisco Chronicle), Wood will get $25MM over the course of the two-year contract, with an even $12.5MM in each season.  Based on games pitched, Wood can also earn up to $2.5MM in additional bonuses.

NOVEMBER 22: The Giants are closing in on an agreement with free agent southpaw Alex Wood, reports Robert Murray of FanSided (Twitter link). The sides are discussing a two-year deal that would pay the ACES client more than $10MM annually, reports Jeff Passan of ESPN (on Twitter). Should a deal come to fruition, he’d join 2021 rotation mate Anthony DeSclafani in returning to San Francisco. The Giants announced a three-year pact with DeSclafani just minutes before news of Wood’s near-agreement with the club broke.

Wood signed with San Francisco for a $3MM guarantee last offseason and more than made good on the club’s fairly small investment. The left-hander worked to a 3.83 ERA across 138 2/3 innings and 26 starts, taking on his heaviest workload since 2018. ERA estimators were even more bullish on his performance, as Wood posted a 3.48 FIP and a 3.60 SIERA that are both a fair bit better than his bottom line numbers.

The deceptive southpaw punched out 26% of batters faced this past season, a mark that’s more than three points north of the league average. That came on the strength of an above-average 12.5% swinging strike rate, with Wood generating plenty of whiffs on both his sinker and slider. While he doesn’t throw especially hard, he’s consistently proven capable of missing bats based on his combination of movement, command and atypical look for hitters.

That impressive profile has also enabled Wood to post robust ground-ball numbers. He typically induces grounders on around half the balls in play against him (the average for starters is just under 43%), and that was again the case this past season. Wood racked up worm-burners at a 50.8% clip, a top twenty mark among the 129 hurlers with 100+ innings pitched. It’s rare to find pitchers capable of pairing that kind of strikeout and ground-ball proclivities, and Wood also owns high-end control. The southpaw has never had a season with a walk rate north of the league average, and his 6.7% mark in 2021 was more than a point lower than the league figure.

There’s little question about Wood’s effectiveness. Since debuting in 2013, he’s yet to post a season in which he’s exceeded 40 innings with an ERA north of 4.00. That’s supported by the underlying numbers, with the Georgia native typically offering the production of a #2 or high-end #3 starter when he takes the mound. At his best, Wood is capable of posting All-Star caliber numbers. He even earned a Midsummer Classic nod with the Dodgers in 2017, and his 152 1/3 innings of 2.72 ERA ball that year earned him some down-ballot Cy Young support.

The bugaboo throughout his career has been health. While Wood tossed 361 1/3 innings between 2014-15, he’s struggled to log full rotation workloads in the years since. The southpaw has only twice eclipsed 150 frames in the past six seasons, and his 2019-20 seasons were largely derailed by back and shoulder issues. He combined for just 48 1/3 innings over that two-year stretch, and those issues seemed to have a pronounced effect on his performance. Despite his typically strong track record, his ERA over those couple seasons was just under 6.00.

Wood mostly stayed healthy in 2021, although his season debut was delayed a couple weeks by a minor back surgery. Nevertheless, injury and/or workload concerns have kept Wood from cashing in on a long-term contract to this point in his career. The former second-round pick turns 31 years old in January, and his rate performance would seemingly warrant a strong three or four year deal were teams confident in his ability to consistently log 150+ innings.

Instead, it seems he’ll land a two-year pact to return to the Bay Area. That’s shy of the three-year, $30MM deal MLBTR projected entering the offseason, although he’s seemingly in line to top that estimated average annual value. The Giants can certainly afford to take on that kind of eight-figure investment over the next two seasons. San Francisco currently has just $106MM in commitments for next season, in the estimation of Jason Martinez of Roster Resource. That number dips to $45MM in 2023, when only three players (Brandon Crawford, DeSclafani and Tommy La Stella) have guaranteed deals on the books.

The rotation has been a priority for president of baseball operations Farhan Zaidi, general manager Scott Harris and the rest of the front office. The need to rebuild the starting staff this offseason has been evident for a while now, as Logan Webb was the only one of San Francisco’s top five starters remaining under club control entering the day. DeSclafani’s return locks in a second member of that group, and Wood would have a spot lined up as well if/when his deal is finalized. Susan Slusser of the S.F. Chronicle reported this morning the club was also making a strong run at free agent Alex Cobb. It remains to be seen whether those talks will result in an agreement, but there’d certainly be room in the rotation and on the payroll for such a move.

Of course, it also stands to reason the Giants would still like to hammer out a long-term agreement with Kevin Gausman. While a Webb – DeSclafani – Wood trio would make for a solid top three, reinstalling Gausman behind Webb and knocking DeSclafani and Wood into the mid-rotation roles in which they thrived in 2021 would make San Francisco’s rotation one of the more formidable units in the league on paper. The front office has worked to retain as much of this year’s 107-win team as possible, signing Crawford, DeSclafani and likely Wood to multi-year deals and bringing back Brandon Belt via the $18.4MM qualifying offer.

Image courtesy of USA TODAY Sports.

Marlins Sign Avisail Garcia

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TODAY: The Marlins officially announced the signing.  The contract details are provided by Jon Heyman, who notes that Miami’s 2026 club option is worth $12MM, with a $5MM buyout.  Garcia will earn an even $12MM in each of the 2022-25 seasons, and he will also donate $120K per year to the Marlins’ team charity.

NOVEMBER 28: The Marlins have agreed to a four-year contract with free agent Avisail Garcia, SportsGrid’s Craig Mish reports (via Twitter).  Garcia will earn $53MM, according to MLB Network’s Jon Heyman.  Garcia is represented by Mato Sports Management.

Mish notes that this is the largest contract the Marlins have handed out under owners Bruce Sherman and Derek Jeter, who purchased the team more than four years ago.  The Marlins are “far from done,” tweets Mish.  Garcia joins Jesus Sanchez in the Marlins’ outfield, after the club reportedly made a strong push to bring Starling Marte back before he signed with the Mets.  The Marlins continue to sit on perhaps the game’s best starting pitching surplus, suggesting GM Kim Ng may solve some of the team’s other needs on the trade market.

MLBTR had predicted a three-year, $36MM contract for Garcia, who managed to snag an extra year and a better average annual value.  Garcia’s contract is exactly double that of Mark Canha, who signed with the Mets two days ago at the same $13.25MM AAV.  Garcia, 31 in June, posted a fine 115 wRC+ in 135 games for the Brewers this year.  Garcia’s two-year, $20MM contract with the Brewers included a provision that converted a $12MM club option into a mutual one once he reached a certain plate appearance threshold in September.  That allowed Garcia to become a free agent.  Likely fearing acceptance, the budget-conscious Brewers elected not to make the one-year, $18.4MM qualifying offer.

Garcia has had an up-and-down career since signing with the Tigers for $200K as a 16-year-old out of Venezuela back in 2007.  The toolsy outfielder reached the Majors as a 21-year-old in 2012 and was traded to the White Sox the following year as part of a three-team deal that sent Jake Peavy to the Red Sox and Jose Iglesias to Detroit.  Garcia fell short of expectations in Chicago until a BABIP-driven 138 wRC+ in 2017.  After a down 2018 season that culminated in knee surgery, the White Sox chose not to tender Garcia a contract with a projected $8MM arbitration salary looming.

The Rays swooped in with a one-year, $3.5MM free agent contract for Garcia, who rode a 113 wRC+ in 2019 to the aforementioned two-year contract with Milwaukee.  It’s fair to question why, two years later, Garcia is coming off a similar season and managed to secure $33MM more than last time.  Interestingly, Marte was reportedly “seeking a three- or four-year deal in the $50 million range” back in July when the Marlins attempted to extend him, according to Jordan McPherson and Craig Mish in the Miami Herald.  The Marlins didn’t get there, trading Marte for Jesus Luzardo before attempting to sign him back last week.  It’s been an odd sequence of events for the Marlins, who ended up with Garcia for a similar price to what Marte might have cost.

The answer to Garcia’s appeal might lie in Statcast, where his top of the charts numbers have always hinted at something more.  This year, he ranked in the 73rd percentile for average exit velocity, 98th for maximum exit velocity, 78th for hard hit percentage, and 80th for barrel rate.  Garcia simply hits the ball very hard, even if this year’s 29 home runs represented a career best.  Garcia pairs his hard-hitting with 88th percentile sprint speed, so his is a rare blend of athleticism.  Defensively, Garcia has been a bit below average in Outs Above Average over the past few years.

We’ve seen a flurry of hot stove activity today with three days remaining until the collective bargaining agreement expires, with December 1st serving as a transaction deadline of sorts.  Today alone, we’ve seen free agent contracts for Marcus Semien, Corey Kluber, and Garcia, as well as an extension for Byron Buxton.  After the CBA expires, ownership is widely expected to lock out the players and freeze free agency, speculatively until the eve of spring training in February.  This has created an unprecedented urgency from teams in free agency, resulting in many November contracts that have exceeded expectations.

Rangers Sign Corey Seager

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The Rangers’ huge offseason continues, as Texas has agreed to terms with free agent shortstop Corey Seager on a ten-year deal, the team announced today. According to various reports, it’s a massive $325MM guarantee for the Boras Corporation client. He’ll reportedly receive a $5MM signing bonus and a $32.5MM salary in 2022. Seager will make $35MM in 2023, $34.5MM in 2024 and $32MM in 2025 before settling in at $31MM annually from 2026-31 as part of the front-loaded pact. The deal also contains limited no-trade protection but does not feature any opt-out clauses.

It’s the Rangers’ second big-ticket free agent infield pickup of the offseason, as they also agreed to terms with Marcus Semien on a seven-year, $175MM deal. The Rangers announced Semien’s signing at the same press conference. Huge as the Rangers’ investment in Semien is, the Seager deal is on a whole other level. The $325MM guarantee will tie Giancarlo Stanton’s November 2014 extension for the sixth-highest sum in MLB history (and Stanton’s was distributed over a thirteen-year term). The $32.5MM average annual value checks in eleventh all-time.

It’s an incredible investment, although that’s a testament to Seager’s blend of productivity and youth. He’ll turn 28 years old next April, making him one of the younger options available in free agency. More importantly, Seager’s one of the game’s best players — a middle-of-the-order lineup presence capable of playing shortstop. A former first-round pick and top prospect, he’s more than lived up to lofty expectations.

Seager has been an above-average bat in every season of his career, and he’s been far better than most at the plate for the bulk of that time. By measure of wRC+, he’s been at least 27 percentage points above the league average in four of his five seasons with 200+ plate appearances. Seager has been especially productive over the past two years, combining for a .306/.381/.545 line over 641 regular season trips to the plate since the start of 2020. That’s the eighth-best offensive production leaguewide (minimum 500 plate appearances) and that’s before considering Seager’s huge showing in the 2020 postseason. He was perhaps the single greatest driver of the Dodgers’ World Series run that year, winning NLCS and World Series MVP honors after popping seven homers over 57 combined plate appearances between the two rounds.

Those great bottom line results are supported by Seager’s underlying metrics. He has never struck out at a higher-than-average rate in a season, and he rarely chases pitches outside the strike zone. Seager’s 11.7% walk rate in 2021 was the highest of his career, around three percentage points better than the league mark. The left-handed hitter pairs that plate discipline with high-end raw power, consistently rating well above-average in terms of average exit velocity, hard contact rate and barrel rate (essentially how often a hitter makes hard contact at the optimal angles for power).

Any player with Seager’s offensive acumen would be in high demand, but that kind of production is particularly impressive from a shortstop. Aside from a brief stint at third base in his 2015 rookie season, Seager has exclusively played the infield’s most demanding position. Advanced defensive metrics have been mixed on his work. Defensive Runs Saved has pegged him just a touch below-average in each of the past few seasons; Statcast’s Outs Above Average rated Seager fairly well in 2019 and 2020 but pegged him as a fair bit below par in 2021.

Those metrics seem to align with the general understanding of Seager’s defense. He’s a competent if unexceptional shortstop, unlikely to either win a Gold Glove nor immediately have to move off the position. His 6’4″, 215-pound frame has led to some speculation he might kick over to third base at some point down the line, but it’s likely the Rangers envision him as a franchise shortstop for at least the next few seasons. Even if Seager eventually has to assume a less demanding defensive role, he should be more than capable of living up to the higher offensive demands of positions further down the defensive spectrum.

While there’s not much to nitpick about Seager as a player, he has dealt with a couple of significant injuries over the past few seasons. He missed the bulk of the 2018 campaign recovering from a UCL sprain that required Tommy John surgery. This past season, he suffered a right hand fracture on a hit-by-pitch that cost him two months. Seager absolutely mashed at a .335/.417/.592 clip upon returning from that most recent issue, though, likely assuaging any fears on the part of teams about his current level of health.

Seager now becomes the centerpiece of an incredible offseason for the Rangers and their fanbase. Texas brass has hinted at the potential for an active winter for months, but it wasn’t until a few weeks ago it became clear ownership might sign off on an historic spending spree. Evan Grant of the Dallas Morning News reported earlier this month that the Rangers could add $100MM to their 2022 books alone, and between the recent deals for Seager, Semien, starter Jon Gray (four years, $56MM) and corner outfielder Kole Calhoun (one year, $5.2MM), they’ve added around $76.7MM to next year’s payroll within the past 36 hours alone.

That’s in part due to the wide open payroll outlook the Rangers carried into the winter. José Leclerc ($5.25MM) is the only other player with guaranteed money on the books for 2022; Seager, Semien and Gray are the club’s only long-term commitments. Active as they’ve been, it’s certainly possible the Rangers aren’t done yet. Texas currently has around $125MM in 2022 player expenditures, in the estimation of Jason Martinez of Roster Resource. (That assumes the Seager, Semien and Gray deals are paid out relatively evenly; specific contract terms on each have yet to be reported). For a franchise that spent around $160-165MM on players in both 2016 and 2017, there could still be more funds in reserve.

Regardless of what’s to come, the past two days have marked an incredible turnaround for a franchise coming off three last-place finishes in the past four years. That’s not to say the Rangers are certain to contend in 2022. The roster still has plenty of holes, particularly in the starting rotation. Still, installing Seager and Semien into the middle infield and Gray near the top of the rotation locks in some certainty at key areas of the roster.

At the very least, the 2022 Rangers should be far better than the 60-102 team they trotted out in 2021. And Semien, Seager and Gray will all be key pieces of a club that could legitimately contend in 2023 — particularly if top third base prospect Josh Jung hits the ground running as an above-average player alongside their star middle infield.

Until Jung’s arrival, Isiah Kiner-Falefa looks likely to kick back over to third base. The 26-year-old broke in as a third baseman but acclimated well upon a move up the defensive spectrum to shortstop this past season. While the Rangers likely didn’t see displacing Kiner-Falefa as a must, the opportunity to add two members of this offseason’s stacked shortstop class ultimately proved too tempting to pass up. Semien, meanwhile, looks likely to stay at second base, where he spent the 2021 season with the Blue Jays after a lengthy run as the A’s shortstop.

The Rangers already forfeited their second-highest 2022 draft choice and gave up $500K in international bonus pool space to sign Semien, who rejected a qualifying offer from Toronto. They’ll lose another pick to sign Seager, who declined a QO from the Dodgers. Signing multiple qualified free agents in the same offseason actually makes some amount of sense, though.

Under the terms of the collective bargaining agreement, teams that sign multiple qualified free agents pay a diminishing penalty. A team that already forfeited its second-highest pick on one qualified player (like the Rangers) lose their third-highest pick to sign another qualified free agent. That’s less costly than the second-highest pick other clubs in the Rangers’ revenue bucket would have had to forfeit to land Seager, a small benefit for teams concentrating their big free agent investments in the same offseason.

The primary appeal, though, is in simply adding a pair of star players to the 2022 roster. That’s the position in which the Rangers find themselves, while Seager’s former team finds itself in the opposite situation. The Dodgers have seen both Seager and Max Scherzer (who landed a record-setting three-year deal with the Mets) land elsewhere within the past few days. Los Angeles’ acquisition of Trea Turner from the Nationals at this past summer’s trade deadline gives them another All-Star caliber shortstop capable of stepping into Seager’s place.

Of course, the Dodgers aren’t likely to sit idly by for the rest of the offseason. Particularly as they battle with the Giants (and potentially Padres) in a loaded NL West, it’s likely Los Angeles will continue to explore ways to bolster a still-stacked roster. In the meantime, they’ll receive a compensatory pick after the fourth round in the 2022 draft for Seager’s departure as a team that exceeded the luxury tax threshold in 2021.

Seager’s signing is the latest in a transactions flurry getting in before the looming expiration of the current CBA on Wednesday night. Seager’s and Scherzer’s departures from L.A. could have a massive impact on the NL West race, while the Rangers’ run of big-ticket acquisitions and the Mariners’ agreement on a nine-figure deal with Robbie Ray will have reverberations in the AL West for years to come.

Finally, Seager’s deal becomes a key data point for the rest of the free agent shortstops remaining, particularly Carlos Correa. While Seager and Correa were the clear top two names in this winter’s class, Correa is generally expected to command a loftier deal based on his superior defense at shortstop. Seager’s guarantee, however, comes in above MLBTR’s ten-year, $305MM estimate entering the winter. In light of the robust market we’ve seen in recent weeks, it wouldn’t be a surprise if Correa also tops his ten-year, $320MM projection whenever he puts pen to paper. That’s particularly true in light of the Rangers signing two of the top five shortstops. The Yankees, Phillies, Mariners and Astros are among the other clubs who could still be motivated to land a long-term infielder.

Jeff Passan of ESPN first reported the Rangers and Seager were in agreement on a ten-year, $325MM guarantee. Jon Heyman of the MLB Network reported the limited no-trade protection and the $5MM signing bonus, as well as the absence of any form of opt-out clause. Levi Weaver of the Athletic was first with the specific contract breakdown.

Image courtesy of USA Today Sports.

Tigers Sign Javier Baez

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The Tigers have landed their new franchise shortstop. Detroit announced on Wednesday they’ve signed Javier Baez to a six-year contract. According to reports, it’s a $140MM guarantee for the Wasserman client, who also lands some other perks in the deal. Baez can opt out after the 2023 campaign and has limited no-trade protection that allows him to block a move to 10 teams each year.

Baez’s salaries break down as follows: $20MM in 2022, $22MM in 2023, $25MM each in 2024-25 and $24MM each in 2026-27. He also receives assorted incentives based upon finishes in MVP and other awards’ voting. Baez is guaranteed $42MM over the first two seasons of the slightly backloaded deal. That means he’ll have four years and $98MM in remaining guarantees after the 2023 campaign, when he’ll need to decide on his opt-out possibility.

Javier Baez | Eric Hartline-USA TODAY Sports

Shortstop has been a glaring need for the Tigers since the onset of free agency, with general manager Al Avila plainly stating his intentions to improve at the position not long after the season’s conclusion. While many speculated that Carlos Correa, who knows Detroit skipper AJ Hinch quite well from the pair’s time in Houston, would be the likeliest candidate to step into that role, Avila & Co. have preached a more measured approach since the offseason commenced. The Tigers already inked lefty Eduardo Rodriguez to a five-year, $77MM contract early in free agency, and adding Baez to the fold would effectively satisfy multiple needs at what figures to be a fair bit less than the cost of Correa on his own.

Detroit shortstops were quite nearly the worst in Major League Baseball from an offensive standpoint in 2021, hitting a combined .201/.275/.321. The resulting 62 wRC+ (i.e. 38 percent worse than league-average production) was the second-lowest mark in the sport, leading only a tanking Pirates club in overall offensive output at the position.

The Tigers have already moved on from their leader in shortstop innings over the past few seasons, bidding adieu to Niko Goodrum after passing him through waivers unclaimed and watching him elect free agency. Baez would represent an across-the-board improvement over Goodrum, providing lights-out, frequently highlight-reel defense in addition to considerable power and baserunning skills for his position.

The 2020 campaign was a season to forget for Baez, but the end result of a roller-coaster 2021 season was a .265/.319/.494 batting line with 31 homers and 18 steals (in 23 tries) for the two-time All-Star and 2018 NL MVP runner-up. Generally speaking, Baez (who’ll turn 29 tomorrow) is a power-hitting but free-swinging shortstop whose penchant for putting the ball over the fence is at least somewhat mitigated by an anemic walk rate that typically lands him near the bottom of the league in on-base percentage. This year’s .319 OBP was actually the second-highest single-season career mark for Baez, who has drawn a free pass in just 4.8% of his 3255 MLB plate appearances.

That said, it’s worth pointing out that there were some positive strides shown by Baez following a trade from the Cubs to the Mets at the July 30 deadline. After whiffing in a whopping 36.3% of his plate appearances in Chicago, Baez cut that figure to a more tolerable (albeit still too lofty) 28.5% in Queens. He also walked at a 7% clip with the Mets — a mark that’s a good bit shy of the 8.8% league average but also well north of 4.7% mark he carried throughout his years with the Cubs. After a rocky run with the Cubs in 2021, Baez finished the season on a heater and posted a composite .299/.371/.515 batting line as a Met.

Inconsistent as Baez may be at the plate, it’s hard to argue with the bottom-line results at the end of the day. Even including 2020’s woeful season, Baez is a .270/.311/.508 hitter (113 wRC+) with 102 home runs over his past 1988 plate appearances, dating back to 2018. He’s one of baseball’s premier defenders — regardless of position.

Since Opening Day 2018, Baez ranks third among all Major League players with 52 Outs Above Average, per Statcast, and his 44 Defensive Runs Saved place him ninth among 4053 defenders who’ve taken the field. While the now-former incumbent Goodrum was a solid defender in hiss own right, Baez is a game-changer with the glove who’ll serve as a pronounced improvement to the Detroit defense.

The Mets were reportedly interested in retaining Baez, who is close friends with New York shortstop Francisco Lindor, but it now seems he’ll instead head to the Motor City and serve as one of the faces of a team looking to emerge from a rebuilding cocoon and announce its return to contention in the American League Central.

Detroit has spent most of the past five years in a prolonged rebuilding effort but has managed to stockpile an enviable farm system that now leaves the team on the precipice of turning the corner. Young starters Casey Mize, Tarik Skubal and Matt Manning will be expected to team with Rodriguez in leading the starting staff, while 2020 No. 1 overall pick Spencer Torkelson and 2019 No. 5 overall pick Riley Greene are both viewed as top-10 leaguewide prospects and potential lineup anchors.

That blossoming young core makes it easy for Detroit, a team that has previously trotted out Opening Day payrolls north of $200MM, to spend heavily in free agency this winter. Miguel Cabrera is signed through the 2023 season, but the only player on the books beyond that point is the aforementioned Rodriguez. Roster Resource’s Jason Martinez projects a $104MM payroll without Baez next season, and that’s before the likely non-tender of Matthew Boyd and his $7.3MM projected salary (courtesy of MLBTR contributor Matt Swartz).

With that in mind, even if this is the last marquee move of the offseason for the Tigers — and, to be clear, there’s no indication that’s the case — the additions of Baez and Rodriguez clearly set the stage for a return to aggressive adding in Detroit. The Tigers will have one more high-end draft pick in 2022, but the goal for the team is clearly to shift into win-now mode, and the additions of both Baez and Rodriguez are notable steps in that direction. Baez has averaged a hefty 4.6 wins above replacement (per Baseball-Reference) per season over the past four years, even including that ugly 2020 campaign, and the Tigers will count on him for more of the same as a linchpin both in the lineup and on defense as they turn the page from a rebuild the fans are all too ready to leave in the rear-view mirror.

Jon Morosi of MLB.com first reported the Tigers and Baez were nearing agreement on a six-year contract. Mark Feinsand of MLB.com first reported the $140MM guarantee. Evan Petzold of the Detroit Free-Press reported the two sides had reached an agreement and that Baez’s deal included an opt-out provision. Ken Rosenthal of the Athletic first reported the opt-out was after 2023 and was first with the limited no-trade protection. Jon Heyman of the MLB Network reported the specific salary breakdown.

Photo courtesy of Imagn/USA Today Sports.

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