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Rays Sign Drew Rasmussen To Extension

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The Rays finalized a two-year extension with right-hander Drew Rasmussen on Tuesday afternoon. The Beverly Hills Sports Council client is guaranteed $8.5MM for what would have been his final two arbitration years. The deal includes a 2027 club option that has a base value of $8MM.

He will receive a $500K signing bonus, a $2MM salary next season, and a $5.5MM salary in 2026. The option comes with a $500K buyout. Various escalators could increase the option value by another $12MM. The price could increase anywhere between $1.5MM and $6MM based on Rasmussen’s health over the next two seasons. He could unlock another $6MM based on his start totals in 2026: $500,000 for eight starts, $750,000 for 12, $1MM each for 16 and 20, $1.25MM for 24 and $1.5MM for 28.

Ramussen, 29, missed the bulk of the 2023-24 seasons recovering from an internal brace procedure to repair the ulnar collateral ligament in his right elbow. That surgery tamped down his workload in both seasons as well as his expected price tag in arbitration. MLBTR contributor Matt Swartz projected a modest $2MM salary for the talented righty in the upcoming season. By virtue of his salary and that signing bonus, he’ll top that sum under this new multi-year arrangement while also sacrificing a year of free agency to lock in some immediate earnings.

It’s an understandable trade-off for Rasmussen, who didn’t get a full look in a big league rotation until his age-26 season (2022) and has since missed ample time due to injury. A sixth-round pick of the Brewers back in 2018, Rasmussen signed for just a $135K bonus and didn’t make his big league debut until 2020. In total, he’s earned under $4MM in his career thus far.

Rasmussen was traded from Milwaukee to Tampa Bay in the 2021 deal that sent Willy Adames to the Brewers. He was sharp down then stretch in a hybrid role for Tampa Bay but had a full-fledged breakout in 2022, That season, Rasmussen pitched a career-high 146 innings and turned in a 2.84 earned run average with a slightly below-average 21.4% strikeout rate against a terrific 5.3% walk rate. He kept the ball on the ground at a strong 46.6% clip. Rasmussen averaged 95.5 mph on his heater, deftly avoided hard contact and recorded a 12.1% swinging-strike rate that suggested more punchouts could be in the tank down the road.

That indeed looked to be the case early in 2023, too. Rasmussen notched an even better 2.62 ERA but saw his strikeout rate spike to 26.6%. He maintained plus command (6.2%) and also saw his ground-ball rate surge to 52.6% — an increase of six percentage points over the prior season. For a span of 36 starts from 2022-23, Rasmussen pitched like a genuine No. 1 or 2 starter — a clear playoff arm who could pitch near the front of any rotation.

Injuries, however, had other ideas for the talented righty. The Rays announced on July 8, 2023 that Rasmussen would require surgery. He wound up missing 13 months of action, returning to a big league mound on Aug. 7 of this past season. The Rays used him primarily as a reliever. He “started” four games but did so throwing only two innings apiece and working as an opener. The results, however, were excellent. In 28 2/3 frames, Rasmussen posted a 2.83 ERA, 30.2% strikeout rate, 5.2% walk rate and 53.3% grounder rate.

The plan now is for Rasmussen to return to the rotation. He’ll join Shane McClanahan (returning from Tommy John surgery), Ryan Pepiot, Taj Bradley, Shane Baz and Zack Littell in a very talented mix of arms. Each of McClanahan, Rasmussen and Baz could face some form of workload limitations, as Baz has yet to pitch a full season since returning from his own ligament surgery in 2022 — though he did pitch 118 2/3 innings combined between Triple-A and the majors in 2024.

For the Rays, there’s little to no impact on their 2025 budget. Rasmussen will only earn a nominal $500K more than his projected arbitration price, thanks to that signing bonus. They’ll also lock in the right-hander’s 2026 salary, gaining some cost certainty. It’s possible that Rasmussen could’ve outpaced that $5.5MM salary in arbitration with a big year, but likely not by much, given the low platform from which he’d be starting. The concession for locking in that ’26 salary is giving up a would-be free-agent season — his age-31 year. So long as he’s healthy, that option will pay him at least $8MM, though with good health there’s a good chance it’ll be a fair bit higher.

While it’s not quite to the same scale as the Rays’ extension with former ace Tyler Glasnow, there are some parallels here. Tampa Bay is putting down some guaranteed money on a talented but oft-injured righty. Glasnow’s $25MM salary in the final season of his own extension was guaranteed, whereas Rasmussen will have to remain healthy to push close to that number. Still, it’s a potentially weighty salary by the Rays’ standards, and one that could render Rasmussen a trade candidate down the road. The extension gives the Rays some extra control over a potential frontline arm but also a viable trade candidate down the road. It’s perhaps cynical to point out the manner in which an extension boosts a player’s trade value in the immediate aftermath of the agreement, but the Rays have a track record of operating in this manner.

For the time being, Rasmussen will head into the season as a locked-in member of a deep and talented rotation. The Rays haven’t done much to improve their middling lineup — though Danny Jansen provides a potential notable upgrade behind the plate. Rather, they’ll apparently hope for big strides from ballyhooed third baseman Junior Caminero and rebounds from Josh Lowe and Christopher Morel, both of whom experienced notable drops at the plate following very productive 2023 campaigns.

Marc Topkin of the Tampa Bay Times first reported that the Rays and Rasmussen were nearing a two-year, $8.5MM extension with an $8MM option for 2027. Topkin reported the presence of escalators in the option, which The Associated Press specified.

Rangers Sign Chris Martin

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Jan. 7: Martin’s deal with the Rangers guarantees him $5.5MM, Robert Murray of FanSided reports. Murray adds that Martin turned down more money from other clubs to return to his hometown club for what’ll be the final season of his career. WEEI’s Rob Bradford reports that the Red Sox were one team that made a more lucrative offer.

Jan. 6: The Rangers announced the signing of veteran reliever Chris Martin to a one-year deal. Financial terms remain unreported. Martin is represented by ISE Baseball. Texas designated Matt Festa for assignment to open a 40-man roster spot.

Martin, an Arlington native, heads home for what’ll likely be his final season. The 38-year-old righty said in September that he’s 95% confident he’ll retire after 2025. That’s not because of a dip in effectiveness. Martin remains a capable high-leverage arm and is coming off a strong two-year run in Boston.

The Red Sox inked Martin to a $17.5MM free agent deal over the 2022-23 offseason. It was a bit of a gamble considering his age, but the nine-year MLB veteran made good on that investment within one season. Martin turned in a dazzling 1.05 earned run average across 51 1/3 innings in 2023. He earned a couple down-ballot Cy Young votes in the process.

Last season was more good than dominant. Martin worked to a 3.45 ERA while throwing 44 1/3 innings. He had a brief injured list stint related to anxiety in the middle of June. Martin also missed a month with elbow inflammation between early July and the first week of August. He returned with 10 innings and only one earned run over the next couple weeks before allowing six runs in eight September frames.

Martin was almost certainly not going to manage an ERA around 1.00 in consecutive seasons. His strikeout and walk profile actually improved last year. He fanned 27.8% of batters faced after running a 23.1% strikeout rate in 2023. Martin cut his already pristine walk rate from 4% to a career-low 1.7% clip. He’s arguably the best strike-thrower in the majors. No pitcher with at least 100 innings over the last three seasons has issued walks at a lower rate than Martin (2.6%).

Over his two seasons with the Sox, Martin managed a 2.16 ERA across 95 1/3 innings. He has found success at every stop since returning from a stint in Japan between 2016-17. That includes a previous run in Texas. The Rangers were the team that gave Martin a chance during the 2017-18 offseason. He combined for 79 2/3 innings of 3.84 ERA ball before being traded to the Braves at the 2019 deadline.

Texas has loaded on up on short-term additions to fix a bullpen that could lose each of Kirby Yates, David Robertson, José Leclerc and José Ureña. They’ve signed Shawn Armstrong, Jacob Webb and Hoby Milner on one-year contracts worth $2.5MM or less. Texas also brought in southpaw Robert Garcia from Washington in the Nathaniel Lowe trade. While finances on Martin are unreported, it’s fair to assume he’ll be the most expensive of Chris Young’s bullpen acquisitions to this point. Still, there’s limited downside with a one-year deal.

Martin is the most experienced of the Texas relievers. He has worked in a setup capacity throughout his career and has never saved more than four games in a season. It’s unclear if the Rangers plan for him to close or will use him in leverage spots. Yates and Robertson have far more closing experience and are still free agents. Whatever the role, Martin adds much needed stability to a bullpen that might still be the team’s biggest question.

Texas signed Festa, 31, to a minor league deal last season. The Rangers selected his contract in August. He made 18 appearances over the final six weeks, working to a 4.37 ERA across 22 2/3 innings. The righty had made a brief appearance for the Mets earlier in the year. He has spent the bulk of his career with the Mariners, with whom he posted a 4.32 ERA in 89 outings over four seasons. Texas will have five days to trade Festa or place him on waivers.

Image courtesy of USA Today Sports.

Yankees Shopping Marcus Stroman

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The Yankees’ eight-year deal for Max Fried gave them one of the deepest collection of major league starting pitching in the sport. Fried joined Gerrit Cole, Carlos Rodon, Luis Gil, Clarke Schmidt, Marcus Stroman and the since-traded Nestor Cortes in a long line of Yankee rotation options. While the trade of Cortes to the Brewers loosened that logjam (and significantly bolstered the bullpen, bringing Devin Williams in from Milwaukee), the Yankees still have six big league starters, most of whom are earning significant salaries. With that in mind, it’s not exactly surprising to see Bob Nightengale of USA Today report that New York is “actively trying to deal” Stroman.

Stroman’s name has already popped up in trade rumblings since the Fried signing. The Yankees pitched a Stroman-for-Nolan Arenado framework to the Cardinals, which was rebuffed by St. Louis. (Arenado has a no-trade clause, but the scenario was reportedly not even presented to the third baseman, as the Cardinals weren’t interested.) Given those efforts, it’s only natural that the Yankees have explored other possibilities as well.

Stroman, 34 in May, is entering the second season of a two-year, $37MM contract. He pitched decently during year one of the pact, logging a 4.31 ERA in 154 2/3 innings, but his strikeout rate (16.7%) and ground-ball rate (49.2%) were a far cry from his typical standards. Stroman punched out 21% of opponents from 2019-23 and kept the ball on the ground at a robust 53.2% clip over that same span. Similarly, the velocity on his sinker dipped quite a bit; from 2019-23, Stroman averaged 92 mph on the pitch (91.4 mph in ’23). In 2024, he averaged just 90 mph on that sinker.

Left-handed hitters, in particular, proved problematic for Stroman. They tagged him for a .296/.372/.474 batting line. He fanned just 14.3% of lefties, compared to 19% of fellow righties. With Stroman playing half his games at Yankee Stadium, lefties took full advantage of the short right-field porch. He surrendered 15 of his 19 home runs at Yankee Stadium in 2024 and pitched to a grisly 5.31 ERA at home. On the flipside, he sported a tidy 3.09 ERA on the road.

That road production and a generally successful track record should create at least some interest in Stroman elsewhere around the league, though perhaps not at the full freight of his $18.5MM salary this coming season. Trade discussions are surely complicated by the fact that the highly durable Stroman also has a vesting player option on his contract. With 140 innings pitched in 2025, he’d gain a player option for $18MM. Were that a club option, it wouldn’t be quite so problematic; that it’s a player option means that even if Stroman struggles or incurs a late-season injury, he’d be able to lock in that $18MM payday in 2026. Stroman has averaged 159 inning across the past five full seasons in which he’s pitched.

That player option, presumably, only creates more urgency for the Yankees to find a deal. They already have Cole, Fried and Rodon locked in for a combined $85MM in 2026 (including Fried’s slightly deferred signing bonus, which is paid half in 2025 and half in 2026). Schmidt will be in his third trip through arbitration as a Super Two player, while Gil will be in his first arb season in 2026. In total, it could mean a rotation earning a combined $100MM.

Stroman is arguably the sixth-best starter in that group of six at the moment, and paying him $18MM in 2025 and potentially again in 2026 understandably may not be a palatable course of action for the Yanks. That’s especially true when considering the team’s luxury tax status; they’re currently in the top penalty bracket for luxury status. Moving Stroman would trim more than $35MM in 2025 spending. The Yankees will be on the hook for 50-110% penalties on their luxury overages in 2026, depending on where the exact payroll ultimately lands. Again, that could mean a savings of $27-37MM, depending on if his player option comes into play.

While the player option surely gives other teams some pause, Stroman’s contract itself isn’t necessarily all that far underwater. The offseason has already seen 37-year-old Alex Cobb and 41-year-old Charlie Morton command $15MM one-year deals — Cobb’s coming after he made only three starts in 2024. Frankie Montas landed two years and $34MM with an opt-out upon signing with the Mets. The price for starting pitching has generally exceeded all expectations. Stroman at a year and $18MM, even with the conditional player option, isn’t necessarily egregious. Plus, if Stroman hits the 140 innings and pitches more like his 2021-23 self (3.45 ERA in 454 1/3 innings), he could well turn down the option and reenter free agency anyhow.

The Yankees aren’t likely to extract any kind of notable young talent in return for Stroman, but swapping him out for another veteran on a contract of some note or eating a portion of the contract and acquiring some longshot prospect help could still be feasible. There are still five weeks until pitchers and catchers report to spring training, and the market in recent offseasons has produced plenty of notable trades even after camps open. There should still be time for a deal to come together.

Reds Acquire Gavin Lux

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The Dodgers and Reds have announced a trade sending Gavin Lux to Cincinnati for outfield prospect Mike Sirota and the Reds’ Competitive Balance Round A selection. The competitive balance pick — the only kind of draft choice that can be traded — lands at 37th overall next summer.

L.A. general manager Brandon Gomes had downplayed the possibility of trading Lux late last week, but it seems the Dodgers intend to play free agent pickup Hyeseong Kim at second base. Lux is going into his age-27 season. The left-handed hitting infielder was a first-round pick in 2016 and had emerged as one of the top prospects in baseball by the time he was promoted at the end of the ’19 season. Lux has been a solid big leaguer but not the kind of star that many evaluators had hoped.

The Dodgers didn’t give him consistent big league run until 2021. He struggled offensively that season, hitting .242/.328/.364 through 102 games. His bat took a step forward the following year, as he hit .276/.346/.399 through 471 trips to the plate. Lux looked like the starting shortstop going into 2023, but he tore his right ACL during Spring Training and wound up missing the entire season.

Lux returned from injury last year. He was healthy in Spring Training and expected to start at shortstop. A series of throwing errors during exhibition play called that into question. By the middle of Spring Training, Los Angeles announced that Lux would slide back to second base while Mookie Betts tried his hand at shortstop. Lux had started his professional career on the left side of the infield but encountered throwing accuracy issues in the minors as well.

The start of the season did not go well. Lux was the weakest link in the L.A. lineup in the first half. He carried a .213/.267/.295 batting line into the All-Star Break. The Dodgers stuck with him and were rewarded with a huge showing down the stretch. Lux hit .304/.391/.508 in 61 games during the second half. The end results were exactly league average. Lux finished the year with a .251/.320/.383 showing in 487 plate appearances. His 24 doubles and 10 home runs were both personal highs. Lux’s postseason numbers were unimpressive, though he did drive in the tying run in the eighth inning of what proved to be the decisive Game 5 victory in the World Series.

That will go down as Lux’s final at-bat in a Dodger uniform. He entered the offseason as the projected starter at second base. The Dodgers somewhat surprisingly signed Kim, who’s coming off a .326/.383/.458 showing in his final season in South Korea, to a three-year deal last week. That only guaranteed $12.5MM, a modest sum that aligned with most scouting reports that suggested Kim projected as a utility player in MLB. The Dodgers initially indicated they felt the same way, but it seems that was about not publicly telegraphing that they were shopping Lux.

Betts is expected to return to shortstop after finishing last season in the outfield. Kim looks like the starting second baseman with Miguel Rojas and Chris Taylor behind them in utility roles. Tommy Edman can play the middle infield but projects as the starting center fielder. It would have been difficult to carry each of Lux, Kim, Rojas and Taylor on the 26-man roster. The Dodgers could’ve opened a spot by designating Taylor for assignment, but they preferred to cash Lux in for future value. It’s a surprising decision for a team that hopes to repeat as World Series winners. The Dodgers apparently feel that the downgrade from Lux to Kim won’t be substantial.

The Reds may not have everyday at-bats to offer either. USA Today’s Bob Nightengale suggests Lux is likely to assume a utility role at Great American Ball Park. Cincinnati has Elly De La Cruz at shortstop and will welcome Matt McLain back at second base. Jeimer Candelario and Christian Encarnacion-Strand, each of whom is coming off a down year, project as the corner infield tandem. Lux has only started one major league game at third base, where his throwing accuracy could be problematic. He saw limited action in left and center field between 2021-22.

If Cincinnati feels Lux could handle third base, that’d be his clearest path to playing time. They could also use Lux at second base and slide McLain to the hot corner. It’s another infield acquisition for the Reds, whose seeming surplus has become a question mark over the past 12 months. They’ve traded away Jonathan India. Candelario and Encarnacion-Strand are rebound hopefuls. Noelvi Marte missed half the season after a failed performance-enhancing drug test and didn’t play well when he returned. McLain is coming back after losing all of 2024 to shoulder surgery. Among Cincinnati’s talented infield group, only De La Cruz took a step forward last season.

Lux has between four and five years of major league service. He’s under arbitration control for two seasons. MLBTR contributor Matt Swartz projects him for a modest $2.7MM salary. The Yankees and Mariners were reportedly also in contact with the Dodgers regarding Lux. They’ll need to turn elsewhere to address their respective infields.

Sirota, 21, was Cincinnati’s third-round pick last summer. He’s a righty-hitting outfielder who hit .298/.473/.513 against mid-major competition during his draft year at Northeastern. Baseball America’s draft report praised his speed and potential for above-average defense in center field. Sirota’s 6’3″ frame offers some physical projection, but BA writes that his bat path plays more for low-angle contact than power.

The Reds didn’t get Sirota into any game action after the draft. He spent the final two months of the season at the team’s Arizona complex. The Dodgers’ amateur scouting department has had its eye on him for a while, though. Los Angeles drafted him in the 16th round out of high school in 2021. It was clear by that point that Sirota — whom BA had ranked among the top 200 prospects in that year’s class — was likely headed to Northeastern, but teams frequently take late-round fliers on talented high schoolers in case a deal with a higher draftee falls through and leaves unexpected space in the team’s bonus pool.

ESPN’s Jeff Passan first reported the Reds were finalizing a deal for Lux. Fabian Ardaya of the Athletic confirmed a Lux trade was in place. KPRC 2’s Ari Alexander was first with Sirota and the Competitive Balance pick heading back to Los Angeles. Image courtesy of Imagn.

Peter Seidler’s Widow Files Lawsuit Against Peter’s Brothers For Control Of Padres

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6:59pm: The Peter Seidler Trust released a statement on Monday evening (relayed by Bill Shaikin of the Los Angeles Times). It calls Sheel Seidler’s complaint “entirely without merit.” The Trust claims that Peter Seidler had a “clear estate plan” which names three of his brothers as successor trustees. The Trust alleges that Peter Seidler “prohibited” his wife from ever becoming trustee and that Sheel Seidler agreed in 2020 “that she had no right to be or to designate” the franchise’s control person.

The Trust did not directly address Sheel Seidler’s claims that Matt Seidler could pursue a sale and relocation. However, Kevin Acee of the San Diego Union-Tribune writes that sources around the league consider the idea of the Padres leaving to be “extremely far-fetched.”

2:31pm: Last month, it was reported that the Padres would be appointing John Seidler to take over as the club’s new control person, but that was still pending league approval and there are new developments in that story. A report from Eben Novy-Williams and Daniel Libit at Sportico has details of a lawsuit filed by Sheel Seidler, Peter’s widow, trying to gain control of the team. Sheel later released a statement in relation to the story.

At issue is how things have proceeded in the wake of Peter Seidler’s death, which was just over a year ago. Peter was part of a group that purchased the Padres in 2012. Ron Fowler acted as the club’s control person until Peter took over after the 2020 season. MLB teams are often owned by multiple people but each team has one designated control person who is a point of contact for the league and votes on key matters.

During Peter’s ownership tenure, the club became known for being highly aggressive, despite being in a relatively smaller market. As shown in the data at Cot’s Baseball Contracts, the Padres had been one of the lower-spending clubs for much of the century, until recently. They had one of the top ten payrolls in 2021, then got into the top five in 2022 and the top three a year after that.

That led to a huge increase in terms of fan engagement and also results, with the club having now made the postseason in three of the past five seasons. However, it hasn’t all been smooth sailing. In September of 2023, it was reported that the club’s wild spending had put it “out of compliance with MLB regulations regarding their debt service ratio,” which was going to lead to a payroll crunch. Peter, who had a number of ongoing health problems, died less than two months later.

Shortly after Peter’s death, it was reported that a new control person had been decided upon. Eric Kutsenda, one of the co-founders of Seidler Equity Partners, was given the title on an interim basis. Just over a year later, the aforementioned reporting from last month indicated that Peter’s brother John would be taking over as control person. The report from Kevin Acee of the San Diego Union-Tribune included a statement that mentioned two of Peter’s brothers: “Peter’s youngest brother Matt, as trustee of Peter’s trust, is pleased to announce that John Seidler, Peter’s oldest sibling, an accomplished entrepreneur and business executive, will be the Padres’ next control person, pending approval by Major League Baseball.” Acee added that the Seidler family owns “what is believed to be a 45% stake in the team.” That includes Peter’s brothers, widow, mother and others.

Today’s lawsuit suggests that segment of the ownership group is not aligned in their thinking. According to Sportico’s report, Sheel’s lawsuit alleges that two of Peter’s brothers, Matt and Bob, breached their fiduciary duties as trustees of the Seidler Trust. The suit claims they conspired to sell trust assets to themselves at “far-below-market prices,” as they “schemed to solidify their control of the Padres.”

The suit also suggests that the brothers had racial and sexist motivations for keeping the club out of Sheel’s hands, saying that Bob’s wife made multiple “racist, profane and hateful communications directed at Sheel—a woman of Indian descent—in communications.” Sheel claims that Peter wanted to eventually pass the club to his kids and wanted her to act as control person in the interim, with the brothers now trying to “falsely cast themselves as Peter’s true heirs.” Evan Drellich of The Athletic relays one section of the suit which suggests Matt wants to “sell, and perhaps relocate, the team, over Sheel’s strident objections.”

Sheel is seeking damages, that the defendants be denied compensation from the Seidler Trusts, to void any of their previous actions relating to advancing the Padres’ control person and also that Matt be removed as the trustee, with a receivership taking control of the trust.

“Earlier today,” Sheel’s statement reads, “I filed a complaint against Matthew Seidler and Robert Seidler to protect my family and to continue to carry out Peter’s legacy.” She goes on to talk about how much the club meant to the family and her desire to be named control person. “The complaint alleges claims against Matthew and Robert for breaches of fiduciary duty and fraud. I would urge anyone who is interested in the details to read the full complaint. This was not a decision I made lightly. During this difficult period, I have done everything in my power to avoid unwanted distractions and resolve the matter privately. I have focused on supporting the work of the many dedicated professionals within the Padres organization, as well as the incredible players we have the privilege of watching nearly every day throughout the season. I made this decision as a very last resort, but I am confident it is the right one, and the best way to protect the Padres franchise and ensure the vision that Peter and I shared for the team will continue.” She goes on to state her desire that the team will one day be left to hers and Peter’s children while hoping for a quick resolution to this dispute.

Legal disputes over a baseball club are not unprecedented. Most recently, Orioles owner Peter Angelos fell into ill health, which led to his family members filing multiple lawsuits against each other for control of the club. Those suits were eventually dropped and the club was sold to David Rubenstein.

Apply To Join The MLB Trade Rumors TikTok Team

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We are assembling a team of people to post to our new MLB Trade Rumors TikTok account.  The gig will also involve posting to YouTube Shorts.

The initial goal is to try a bunch of stuff on these platforms and see what works.  The videos we post will be related to MLB trades and free agency and the articles we post on MLBTR, but I’m open-minded as to how that will look.  The pay will be on a per-video basis.  Here’s what we’re looking for:

  • Experience using and posting to TikTok and YouTube Shorts
  • Familiarity with the different formats available on these platforms
  • Familiarity with the vibes and best/common practices on these platforms
  • Ability to shoot a video on your phone and use the tools provided by TikTok and YouTube Shorts to edit
  • Ability to create videos on the fly.  Our process will evolve, but when major news breaks, the first available team member to claim the story will be the one to create the video.
  • Creativity to come up with content ideas when there is not breaking news
  • Comfort on camera
  • Strong knowledge of MLB and hot stove concepts.  We will email a set of questions to select applicants as a test.

If you are interested in joining the MLBTR TikTok Team, please email mlbtrhelp@gmail.com and explain your qualifications.

Orioles Sign Charlie Morton

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The Orioles announced they’ve signed Charlie Morton to a one-year deal. It’s reportedly a $15MM guarantee for the Wasserman client. Baltimore designated catcher René Pinto for assignment to open a 40-man roster spot.

Morton, who turned 41 in November, joins the sixth team of his career in what’ll be his 18th MLB season. The two-time All-Star has spent the past four seasons with the Braves, where he combined for a 3.87 ERA over 124 starts. While Morton’s production has dipped slightly over the past couple years, he has avoided the kind of dramatic drop-off one might expect from a pitcher in his 40s.

The righty took the ball 30 times and worked to a 4.19 earned run average across 165 1/3 innings last year. He reached 30 starts and surpassed 160 frames in all four seasons during his late-career run in Atlanta. Morton struck out 23.8% of opposing hitters against a slightly elevated 9.3% walk rate. The strikeout rate was his lowest since his 2017 breakout in Houston but remained a couple points above the league average for starting pitchers.

Morton hasn’t lost much velocity despite his age. His fastball averaged 94 MPH last year, a tick below where it had been for the prior three seasons. His primary offering, his curveball, landed at its customary 81.5 MPH on average. Morton continues to generate elite spin and generally strong results against the breaking pitch. Opponents hit .200 against the curveball last season.

In aggregate, Morton’s 2024 production was that of a solid fourth starter. He ran into some trouble in the second half, though. Morton allowed 4.37 earned runs per nine while giving up a lofty .279/.357/.469 batting line after the All-Star Break. Morton rebounded in September following a shaky August, while his strikeout and walk marks held steady throughout the season.

Atlanta, seemingly working with strict budget limits, never appeared interested in keeping Morton for a fifth season. There’s annual speculation that he could retire, but it became clear last month that he planned to return for another year. The Athletic’s David O’Brien has written that Morton wanted to sign with a team that played Spring Training near his Bradenton, Florida home. The Orioles qualify. Their complex is in Sarasota. Morton won’t be as close to home as he’d been in Georgia once the regular season begins, but that’s evidently less of a concern than the Spring Training geography.

Morton is Baltimore’s second veteran rotation addition of the winter. His signing comes three weeks after the O’s inked 35-year-old Japanese star Tomoyuki Sugano to a one-year, $13MM contract. Both pitchers project as durable back-end starters at this stage of their careers. The Orioles needed to add to their rotation behind Zach Eflin and Grayson Rodriguez. Sugano and Morton each make sense in isolation, but neither brings anywhere near the upside they lost when Corbin Burnes walked.

The offseason is halfway complete. Baltimore has been tied to Jack Flaherty, the best unsigned starter. They’re an obvious fit for potential trade candidates like Luis Castillo and Dylan Cease. There’s no guarantee this is their final move. Through the offseason’s first couple months, however, they’ve shied away from making the kind of splash that many in the fanbase anticipated under new owner David Rubenstein. In addition to the rotation acquisitions, they signed outfielder Tyler O’Neill to a three-year deal that guaranteed just under $50MM and brought in Gary Sánchez as a backup catcher/designated hitter on an $8.5MM signing.

Eflin, Rodriguez, Morton and Sugano form the top four in Brandon Hyde’s rotation for now. Dean Kremer projects as the fifth starter. Albert Suárez, Trevor Rogers, and younger pitchers Cade Povich and Chayce McDermott are behind them. They’re building decent depth but arguably still need an impact arm to slot at the top of the staff.

Pinto, 28, was claimed off waivers from the Rays at the start of the offseason. He’s out of options and can’t be sent to Triple-A without clearing waivers. His spot on the 40-man roster seemed tenuous after the Sánchez pickup. Baltimore will have five days to trade him or put him back on the waiver wire. Pinto hit .231/.263/.404 in 82 major league games with Tampa Bay between 2022-24.

Mark Feinsand of MLB.com first reported the $15MM salary. Image courtesy of Imagn.

Dodgers Sign Hyeseong Kim

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With hours left to go before his posting window closes, Hyeseong Kim and the Dodgers signed a three-year contract worth $12.5MM. The deal includes a two-year club option (which would need to be exercised together) covering the 2028-29 seasons. If the Dodgers exercise the option, they’d pay an additional $9.5MM over those two years. Los Angeles designated catcher Diego Cartaya for assignment to open a 40-man roster spot. Kim is represented by CAA Sports.

Kim’s former team, the Kiwoom Heroes, officially posted him on December 5, giving him until 4:00 PM CT this afternoon to sign with an MLB club. As the days ticked by and the rumor mill remained relatively quiet, it seemed like a legitimate possibility that Kim would return for one more season with the Heroes. Instead, the Dodgers, who hadn’t been closely linked to Kim this winter, swooped in and made a winning offer in the nick of time. In addition to Kim’s salary, the Dodgers will have to pay a $2.5MM release fee to the Heroes (20% of the guaranteed $12.5MM on his deal). Their total investment is $15MM.

Kim, soon to be 26, is a four-time consecutive winner of the KBO Golden Glove Award, given annually to the best overall player at each position. He won the award at shortstop in 2021 before moving to second base and winning each year from 2022-24. In addition to playing a strong second base and at least a capable shortstop, Kim is also an asset on the basepaths. He led the KBO in stolen bases in 2021 and has swiped at least 20 bags in all seven full seasons of his career. His glove and legs should give him a relatively high floor as a utility player in MLB, if nothing more.

The big question is how Kim’s bat will hold up against MLB pitching. While he struggled at the plate early in his career, the lefty batter blossomed into a well-above-average hitter during his last three years in the KBO. From 2022-24, he produced a .326 batting average and a .384 OBP, while his wRC+ was never below 118 in any season. However, Kim has never hit for much power, even by the slightly lower power standards of the KBO. His 2024 season was the best of his career power-wise – he reached double-digit home runs for the first time – but his .132 isolated power was still below league average.  Thus, it’s fair to worry that Kim might not have the necessary power to be an everyday player in MLB. Just look at his former KBO teammate Ha-Seong Kim. Ha-Seong Kim was a genuine power threat in the KBO, socking 30 homers in 138 games during his final season in Korea. Since coming to MLB, he has become known as a soft-hitting contact specialist. His career .137 ISO in MLB is 15% worse than the league average over the last four years.

When MLBTR ranked Hyseong Kim at no. 26 on our Top 50 Free Agents list, we predicted he’d sign a three-year, $24MM contract. His actual deal guarantees him a little more than half of that predicted salary. That said, it’s worth mentioning that Kim reportedly turned down more money from at least one other team. A representative from Kim’s agency, CAA Baseball, told a Korean media outlet (passed along by Jeeho Yoo of Yonhap News) that the Angels offered him a five-year, $28MM deal, while the Mariners, Cubs, and Padres also made offers with undisclosed terms. Jeff Fletcher of the Orange County Register contradicts that report. According to Fletcher, the Angels made an offer to Kim but did not top what he received from the Dodgers.

To that point, Kim might not have a guaranteed starting role in L.A. The Dodgers already have Gavin Lux to play second base, Mookie Betts at shortstop, and Max Muncy holding down the hot corner. Furthermore, they have the talented defensive shortstop Miguel Rojas and the versatile Chris Taylor on the bench. Center fielder Tommy Edman can also play all around the infield.

According to Fabian Ardaya of The Athletic, Kim will play a “super-utility role” in 2025. The use of the prefix “super” seems to imply that he’ll be playing several positions. While he has significant experience at both shortstop and second base, he has only played a handful of games at third base in his professional career. He also played 44 games in left field during the 2020 season, and it will be interesting to see if the Dodgers consider using him in the outfield at all. As a “super-utility” player, Kim will presumably have a bigger role than that of a typical bench bat, but with so much competition on the Dodgers’ talent-filled roster, he’ll have to earn his playing time.

The fact that the Dodgers signed Kim despite already having so many infielders is evidence of how much this team values depth and flexibility. It’s also a sign of how much they value what Kim can bring to the table. Funnily enough, manager Dave Roberts has already made his team’s affinity for Kim quite clear. After the Dodgers played an exhibition match against the Korean national team last March, Roberts told reporters (including Yoo), “Our scouts like the second baseman: just the way his body moves.” That second baseman, of course, was Kim.

Various reports out of South Korea were first with the news that Kim was signing with Los Angeles on a three-year deal with a two-year club option. Jon Heyman of the New York Post was first to report the $12.5MM guarantee and the $22MM maximum value.

Dodgers Re-Sign Teoscar Hernandez

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The Dodgers have brought Teoscar Hernández back on a three-year deal. The Republik Sports client is reportedly guaranteed $66MM, including a $23MM signing bonus. There is $23.5MM in deferred money, while the deal includes a $15MM team option (or a $6.5MM buyout) for the 2028 season. He’ll receive a $10MM salary next season, $7.5MM of which is deferred. Another $8MM of his respective $12MM and $14.5MM salaries for 2026 and ’27 are also deferred. The deferrals reportedly reduce the contract’s net present value to roughly $58.1MM.

Hernández, 32, gets the three-year deal he’d been seeking. The slugger had called returning to the Dodgers a priority after a huge first season with the team. Hernández slashed .272/.339/.501 with 33 homers across 652 plate appearances. He carried that strong production into the postseason, hitting three longballs with a .250/.352/.417 slash over 16 games to help the Dodgers secure their second championship in five years.

This was the ideal outcome for a player on a pillow contract. Hernández had reached free agency last winter on the heels of a middling season in Seattle. He had turned in a .258/.305/.435 slash over 678 plate appearances as a Mariner. As a result, Hernández didn’t find the lucrative long-term offer he’d been seeking. While the Red Sox offered him a two-year deal that would’ve come with a $28MM guarantee, he signed for one season on a deferred $23.5MM salary with the goal of reestablishing his market value.

It couldn’t have worked out much better for either side. Hernández had one of the best seasons of his career. He earned his second All-Star nod and Silver Slugger award while picking up down ballot MVP votes for the third time. Hernández established a new career high in home runs with rate stats that were in line with his best years in Toronto. He was an instrumental part of a championship roster.

The down year in 2023 looks like an anomaly. He’s hardly the only veteran hitter to struggle in Seattle’s extremely pitcher-friendly home park. Hernández has been an impact hitter in each of the other four seasons since his breakout in 2020. Over the past five years, he owns a .274/.328/.493 batting line in nearly 2700 trips to the plate. There’ll be a decent number of strikeouts, but few players hit the ball as hard as he does. Hernández is an annual threat for 30+ doubles and at least 25-30 homers.

Hernández was the only key offensive player whom the Dodgers feared losing in free agency. He’ll return to join Shohei Ohtani, Mookie Betts, Freddie Freeman, Will Smith, Max Muncy, Tommy Edman and Gavin Lux in a loaded offense. The Dodgers added Michael Conforto on a one-year, $17MM contract at the Winter Meetings. No other team rivals the potency of the L.A. lineup.

The Dodgers are taking on some risk from a defensive perspective. Despite plus arm strength and surprisingly strong athleticism, Hernández has never graded as a good defender. That continued this season. Defensive Runs Saved felt he was three runs below par in his 1308 combined innings between the corner outfield spots. Statcast rated him much more harshly, estimating he was 11 runs below average.

Hernández isn’t likely to improve on a contract that runs through age 34. An ideal landing spot would’ve allowed him to move to designated hitter in year two or three. That’s not an option on a team with Ohtani. The Dodgers are moving Betts to shortstop and will have Hernández and Conforto flanking Edman in the outfield. They’ll accept a mediocre defensive unit for the chance to stack with the lineup with good hitters.

Adding Conforto and re-signing Hernández blocks the path to everyday at-bats for youngsters Andy Pages and James Outman. The latter feels like a change of scenery candidate after a disappointing second MLB season. The Dodgers will probably be less inclined to move the 24-year-old Pages, who had a league average .248/.305/.407 showing as a rookie. He still has a minor league option remaining, so they could start him in Triple-A if they don’t want to limit him to fourth outfield work.

Pages doesn’t have anything else to prove in the minors, but the Dodgers have the resources to continue loading up. Other teams figure to at least try to pull him away via trade, though L.A. could prefer to hold him as a replacement for Conforto after next season. Signing Blake Snell and retaining Blake Treinen earlier in the winter leaves the Dodgers without any clear holes on the roster.

At the start of the offseason, MLBTR predicted Hernández would receive a three-year deal at $60MM. He’ll land slightly above that forecast in raw money, though the deferrals will reduce the net present value to a hair below it. A three-year, $66MM deal without deferrals would have come with a $22MM competitive balance tax hit. Hernández’s number ends up around $19.4MM.

Including Hernández, RosterResource calculates the Dodgers’ luxury tax number around $353MM. They’re well beyond the $301MM mark that represents the final tier of penalization. They’re taxed at a 110% rate on the final AAV. Re-signing Hernández will likely cost them upwards of $40MM next year after taxes. The Dodgers have been undeterred by the CBT as they push for a repeat.

Hernández had declined a qualifying offer. Other teams would have needed to forfeit a draft choice to sign him. The Dodgers only relinquish the right to receive a 2025 compensation pick, which would have come after the fourth round. The Blue Jays and Red Sox had also been linked to Hernández this winter. Those clubs (especially Toronto) could turn to Anthony Santander, who stands as the clear top unsigned outfielder. Jurickson Profar is a tier or two below that as the next-best outfield bat.

Yancen Pujols first reported that Hernández and the Dodgers were finalizing a three-year, $66MM deal. Chris Cotillo of MassLive confirmed there was an agreement in place. ESPN’s Jeff Passan first reported the $15MM option for 2028, as well as the signing bonus and the approximate $23MM in deferrals. Fabian Ardaya of The Athletic reported the salary and deferral breakdown. Jon Heyman of the New York Post had the final NPV.

Image courtesy of Imagn.

Nationals Re-Sign Trevor Williams

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The Nationals officially announced the re-signing of Trevor Williams to a two-year free agent deal. It’s reportedly a $14MM guarantee for the John Boggs & Associates client. The veteran right-hander turns 33 next April.

The last time Williams was a free agent, he signed a two-year, $13MM pact with Washington. Despite an uneven performance over the past two seasons, he showed enough upside to convince the club to bring him back on an almost identical deal. In 2023, the righty was an innings eater for the Nationals, providing them with 144 1/3 frames in 30 starts. It was the first time he passed the 100-inning threshold since 2019. However, there was little else to like about his performance. No NL pitcher (min. 140 IP) had a higher ERA than Williams that year. He also finished among the bottom five in strikeout rate, SIERA, and xERA. Things turned especially sour at the end of the year; he gave up 33 runs (32 earned) in 35 2/3 innings over his final eight starts.

The 2024 season was a completely different story. Williams got off to a red-hot start, pitching to a 2.22 ERA across 11 outings in April and May. Unfortunately, he wasn’t able to do the one thing he did well in 2023: stay on the field. A flexor muscle strain in his pitching arm kept him out for nearly four months from May to September. He continued to see great results in two starts upon his return (10 IP, 1 ER, 12 K), but he finished the year with just 13 starts and 66 2/3 innings under his belt.

Most of the underlying data indicates Williams wasn’t quite as dominant as he seemed on the surface. His .267 BABIP and 4.2% home run-to-fly ball ratios were well below his career averages, while his 80.2% left-on-base percentage was well above his typical rate. His 22.7% strikeout rate marked a significant improvement from the year before, but it was only a touch above league average for a starting pitcher. Thus, his 3.96 SIERA was significantly higher than his 2.03 ERA.

Regardless, Williams was still a productive starter when he was on the field, even if the peripheral numbers suggest he was more of a mid-rotation arm than an ace. If he can figure out how to combine the best parts of his 2023 and ’24 seasons, he will be well worth a $7MM annual salary over the next two seasons. Of course, it’s far from a guarantee that he’ll be able to do that. Williams has reached 30 starts just twice in his nine-year MLB tenure, and he came into the 2024 season with a career 4.48 ERA and 4.66 SIERA. He is also entering his mid-thirties. In theory, his excellent command should help him thrive as an older starter. Then again, he could be in real trouble if he loses any more velocity on his four-seam fastball. It was a valuable pitch in 2024, but at 88.9 mph, it’s already one of the slowest heaters in the league.

Williams will return to a Nationals rotation that also features de facto ace MacKenzie Gore, free agent acquisition (and project) Michael Soroka, and a handful of mid-to-back-end types who broke out for Washington last year: Jake Irvin, Mitchell Parker, and DJ Herz. Top prospect Cade Cavalli will also factor into the equation, although Spencer Nusbaum of the Washington Post notes that the team will be monitoring Cavalli’s innings in 2025 and could option him to Triple-A to begin the year. Meanwhile, Josiah Gray is recovering from Tommy John surgery and will be out for most (if not all) of the 2025 campaign. It’s unclear how manager Dave Martinez will set up his rotation to begin the season, but barring an injury or a disastrous performance this spring, it feels safe to presume that Williams be one of the starting five (or six?) come Opening Day.

Stephen J. Nesbitt of the Athletic first reported the Nationals were re-signing Williams on a two-year, $14MM deal.

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