Rangers Sign Jeremy Guthrie
The Rangers have signed free agent pitcher Jeremy Guthrie to a minor league contract, tweets Evan Grant of the Dallas Morning News. Jeffrey Flanagan of MLB.com was the first to report the two sides were close to an agreement while T.R. Sullivan of MLB.com reported it was a minor pact. The deal is pending a physical.
Guthrie, soon to be 37, is coming off the worst season of his career. Pitching for the Royals, he posted a 5.95 ERA (5.62 FIP), 5.10 K/9, and 2.67 BB/9 in 148 innings. A career high line drive rate led to an above normal .315 BABIP (career .284 BABIP). He also had an elevated 14.1% HR/FB ratio although that has been a common problem for him in recent seasons.
Given that Kauffman Stadium is one of the most home run suppressant parks in baseball, a move to Texas’ Globe Life Park is not promising. Guthrie will compete with Chi Chi Gonzalez, Nick Martinez, and others for the fifth starter’s role. Colby Lewis, penciled in as the fourth starter, is recovery from a knee injury. Yu Darvish will also eventually rejoin the rotation mid-season.
In addition to competing for a rotation job, Guthrie provides a very necessary safety in the case of injury to Derek Holland or Martin Perez. Both pitchers have missed most of the last two seasons with various injuries.
Orioles Agree To Three-Year Deal With Yovani Gallardo
The Orioles have agreed to sign Yovani Gallardo to a three-year, $35MM deal with a $13MM club option for 2019. He will be paid $9MM in 2016, $11MM in 2017, and $13MM in 2018. The 2019 option comes with a $2MM buyout, pushing the total guarantee to $35MM. The deal is pending a physical and does not include a no trade clause. The only incentives are small bonuses for awards (tweet).
Gallardo owns a career 3.66 ERA, 8.23 K/9, and 3.31 BB/9 across parts of nine major league seasons. After spending the bulk of his career with the Brewers, Gallardo was traded to the Rangers prior to 2015. He posted another solid campaign with a 3.42 ERA, although ERA estimators were less enthused by his work (4.00 FIP, 4.31 xFIP, 4.59 SIERA). It was his most contact oriented season – he had a career low 5.91 K/9 and 6.5 percent swinging strike rate.
The Orioles rotation was among the worst in the league last season, making Gallardo an important addition. While he’s not a traditional ace, he does have plenty of experience pitching in other bandbox ball parks. Milwaukee’s Miller Park and Texas’s Globe Life Park are two of the most home run friendly stadiums. So too is Camden Yards.
Interestingly, Baltimore inked Gallardo for substantially less than the Royals paid for Ian Kennedy. Both pitchers were expected to have similar difficulties on the free agent market. The former Padres starter is a year older than Gallardo. The two starters are comparably talented but Kennedy has the more inconsistent track record. Of course, Kennedy’s complicated deal is backloaded and includes an opt out after just two seasons, making an apples-to-apples comparison difficult. Kennedy also has a history of high strikeout rates while Gallardo is more of pitch-to-contact guy.
When the Rangers tagged Gallardo with the qualifying offer, some believed he should have accepted it. While the soon-to-be 30-year-old had a long wait to find a new home – pitchers and catchers have already reported to Orioles camp – Gallardo ultimately secured nearly three times the qualifying offer which was valued at $15.8MM this offseason. He’ll now be under contract through at least his age 32 season with a chance to return to the market in either 2019 or 2020.
Gallardo effectively replaces Wei-Yin Chen in the Orioles rotation. Chris Tillman, Ubaldo Jimenez, Kevin Gausman, and Miguel Gonzalez will undoubtedly form the rest of the rotation, although all four pitchers were disappointing in 2015. Jimenez’s 4.11 ERA was the best of the bunch while Tillman and Gonzalez finished with just under a 5.00 ERA. The club does have decent rotation depth including Odrisamer Despaigne, Tyler Wilson, Mike Wright, and out-of-options Dylan Bundy, but none of them offer a high ceiling. Gallardo is the de facto ace of this group.
The Orioles will lose the 14th overall pick in the 2016 draft as a result of the signing. The slot value of the pick is $2.97MM. The Orioles also have the 28th overall pick which they received as compensation for losing Chen. However, they would also lose that pick if they sign Dexter Fowler.
Eduardo E. Encina of the Baltimore Sun was the first to tweet the two sides were finalizing a deal as well as the specific year-by-year terms. Jon Heyman reported the three-year, $35MM base contract with deferrals (tweet) and fourth year option. Chris Cotillo of SB Nation added that the option was for $13MM (tweet).
Orioles “Expect” To Land Both Gallardo, Fowler
FEB. 20: The Orioles are “closer than ever” to signing Gallardo, reports Encina. The two sides are nearing agreement on a three-year deal in the $35MM to $40MM range. Executive vice president Dan Duquette says a deal is not imminent. It’s worth noting that the Orioles tend to be very fastidious with final contract details and physicals. A final announcement may not come tonight, but it’s looking increasingly likely.
FEB. 19: The specific holdup in talks between the Orioles and Gallardo aren’t clear, but an opt-out clause is not the cause for the delay, tweets Ken Rosenthal of FOX Sports. Baltimore is not going to give Gallardo an opt-out clause, and the pitcher’s camp is not demanding one in negotiations.
FEB. 18: Eduardo A. Encina of the Baltimore Sun hears that Fowler has recently been seeking a four-year deal or, at least, more than $45MM on a three-year deal. Baltimore’s reportedly increased willingness to spend bodes well for the two sides being able to bridge that gap. Encina writes that the O’s “don’t seem to be in a rush” to complete either deal, noting that fans shouldn’t expect to see either in camp today. Encina echoes the sentiment that the O’s ultimately expect to sign both, however.
FEB. 17, 7:35pm: ESPN’s Buster Olney reports some of the parameters being discussed by the Orioles and Fowler (links to Twitter). The two sides are exploring a deal that would pay Fowler $12-13MM per season over a two- to three-year term, Olney hears. That’s a hike from previous comparisons to Howie Kendrick‘s two-year, $20MM contract with the Dodgers, but even $12-13MM over a two- or three-year deal represents, from my vantage point, a rather nice value for the Orioles.
Olney adds that it is the Orioles’ “expectation” that they will sign both Gallardo and Fowler, with Gallardo bolstering the starting pitching and Fowler becoming the team’s everyday right fielder.
1:03pm: We checked in earlier today on the Orioles’ efforts to make some late additions of qualifying offer-bound free agents, as reports have suggested continued optimism that Baltimore will finalize a deal with righty Yovani Gallardo. Roch Kubatko of MASNsports.com hears much the same (links to Twitter), and adds that the O’s are “confident” they’ll land outfielder Dexter Fowler as well.
Notably, per Kubatko, the O’s have yet to agree with the dollars being sought by their open-market targets — suggesting that there’s a bit more ground to cover than some minor contract provisions. He adds, interestingly, that the price tag on one or both players has “apparently changed recently.”
The expected cost of these players at this stage of the market remains a bit murky, though we have heard suggestions on both. Gallardo was said to be nearing agreement on a deal that would pay him in the $40MM to $45MM range over a three-year term. And Fowler has reportedly drawn interest from the O’s at around two years and $20MM.
While there’s still confidence in adding multiple players, Kubatko says that the Orioles would be interested in reaching agreement with Fowler whether or not a deal is first finalized with Gallardo. Adding either player would require the sacrifice of the 14th overall pick in this summer’s amateur draft, while signing both would spread that cost somewhat since the O’s next selection currently stands as the 29th choice.
Meanwhile, Baltimore still isn’t ruling out a move for Reds’ outfielder Jay Bruce. But it appears that the interest is tepid, as the team has real concerns about the former star’s ability to bounce back after two consecutive disappointing campaigns.
Royals Sign Mike Minor
The Royals have officially signed free agent lefty Mike Minor to a two-year deal worth a reported $7.25MM. After promising Minor $2MM for 2016 and $4MM for the following campaign, the contract includes a mutual option for 2018 that’s valued at $10MM with a $1.25MM mutual buyout.
The deal also includes extensive performance incentives, MLBTR has learned. Minor can earn $175K roster bonuses upon reaching 30, 60, 90, and 120 days of service for the coming season. He can also pick up $165K apiece upon hitting his 11th through 20th starts, and another $165K for every five innings tallied between 75 and 120. (Each of those provisions, in other words, could earn Minor up to $1.65MM.)
Minor can also reach incentives for 2017, though they’ll require him to be more active. He stands to earn $225K upon reaching his 12th start, with another $225K due for every other start thereafter (capping out with his 30th). And he gets $225K for every ten innings accrued between 110 and 200. As above, then, Minor can hit each of those paydays ten times apiece.
Add it all up, and Minor can take down up to $4MM for the coming season — $700K via service-time bonuses and $3.3MM based on starts and innings. And he can boost his 2017 salary by as much as $4.5MM, if he turns in at least thirty starts and 200 frames. The deal also includes award bonuses.
Notably, Minor will follow another injury-limited former Braves pitcher in seeking a rebound in Kansas City. Kris Medlen signed a similar contract before the 2015 campaign, successfully making his way back to the mound with the Royals. (The club did something similar with Luke Hochevar, as well.)
Like Medlen, Minor was non-tendered after arm troubles disrupted an extremely promising start in Atlanta. He was projected to earn $5.6MM in arbitration from the Braves, and seemed likely at one point to receive it. But reported setbacks in his recovery from shoulder surgery caused the team to change course, leaving Minor a free agent.
Kansas City will hope that Minor can follow players like Medlen, Hochevar, and Ryan Madson in reviving their careers and providing excess value in the process. The most recent results from the lefty weren’t promising, as he struggled to a 4.77 ERA in 145 1/3 innings back in 2014 before missing all of last season.
But the strong ceiling is evident. Originally taken with the seventh overall pick, Minor ran up 466 2/3 innings of 3.72 ERA pitching over 2011-13. Though he’s never had much velocity, Minor has managed to carry solid strikeout and walk rates when his shoulder has cooperated.
Jeffrey Flanagan of MLB.com tweeted the contract terms, with MLBTR’s Tim Dierkes clarifying the total guarantee on Twitter.
Photo courtesy of USA Today Sports Images.
Rays Sign Ryan Webb
FEB. 19: Webb can earn up to $500K worth of incentives based on appearances, Topkin reports (Twitter link).
FEB. 18: The Rays announced to the media today that they have signed right-hander Ryan Webb to a one-year deal, via Marc Topkin of the Tampa Bay Times (Twitter link) and Roger Mooney of the Tampa Tribine (Twitter link). Topkin tweets that Webb is guaranteed $1MM and can earn more via incentives. To clear a spot on the 40-man roster, right-hander Chase Whitley was placed on the 60-day disabled list. Whitley is recovering from Tommy John surgery.
The 30-year-old Webb, a client of the Wasserman Media Group, spent the bulk of 2015 with the Indians, logging a 3.20 ERA with 5.5 K/9, 2.1 BB/9 and a 59.2 percent ground-ball rate in 50 1/3 innings out of the bullpen. Webb was the subject of some rather unique roster shuffling with the Orioles and Dodgers, in which the Dodgers took on the entirety of Webb’s remaining $2.75MM salary in a four-player trade that also netted L.A. a Competitive Balance Draft Pick. The Dodgers outrighted Webb immediately, and Webb, as a player with five-plus years of service time, was able to reject the assignment and still be guaranteed the entirety of his salary. As such, the Dodgers effectively purchased a draft pick from Baltimore through that transaction (as MLBTR’s Charlie Wilmoth examined in greater depth at the time).
Despite that curious situation, Webb has been a largely effective reliever over his six years in the Majors. While he doesn’t miss many bats (career 6.2 K/9), Webb has a career 3.35 ERA with reasonable control (2.9 BB/9) and an excellent 56.5 percent ground-ball rate. He’s endured just one stint on the disabled list since debuting in 2009 — a six-week stay for inflammation in his right shoulder back in 2011. Webb hasn’t missed any time since that apparently minor injury, however, and has been a durable arm out of the ‘pen, averaging 55 appearances/58 innings per season from 2010-15 with the Padres, Marlins, Orioles and Indians.
The Rays certainly have room to add a useful arm like Webb to the relief corps, as the team traded Kevin Jepsen to the Twins last July, traded Jake McGee to the Rockies just last month and outrighted Brandon Gomes off the 40-man roster following the season. That trio accounted for 138 innings of relief for the Rays last season, and Webb will absorb a fair portion of that workload.
Photo courtesy of USA Today Sports Images.
MLBTR Podcast: Giants Second Baseman Joe Panik
All-Star Giants second baseman Joe Panik joins host Jeff Todd on this week’s edition to discuss his offseason rehab from a back injury, the development of his power at the plate, and how his background as a finance major impacts how he follows contractual matters in baseball. Panik offers insight into his incorporation of statistical analysis in his day-to-day preparation for opposing pitchers and also shares fond memories of retired teammates Jeremy Affeldt and Tim Hudson as well as a story of an influential conversation with teammate Hunter Pence early in his career. Following that, MLBTR’s Steve Adams hops on the show to discuss some of the most glaring team needs from around the league that, to this point, haven’t been addressed.
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The MLB Trade Rumors Podcast runs weekly on Thursday afternoons.
Hoops Rumors Has Your NBA Trade Deadline Coverage
Head on over to Hoops Rumors for our NBA trade deadline coverage! The specter of a Dwight Howard trade is once more in play around the NBA as several deals are already going down in advance of today’s 2pm central trade deadline. The Cavs are acquiring Channing Frye from the Magic, who had flirted with sending him to the Clippers instead. In order to snag Frye, Cleveland parted with longtime LeBron James confidant Anderson Varejao.
The Thunder are also bolstering their bench, while the Pistons made another big move for a power forward, landing Donatas Motiejunas from the Rockets for a package that included a first-round pick.
Hoops Rumors will continue to update you as the trades, signings and other moves take place through the deadline and beyond. You can follow on Twitter @hoopsrumors.
Royals Extend Ned Yost, Dayton Moore
The Royals announced on Thursday that they have extended the contracts of manager Ned Yost and GM Dayton Moore. Yost will receive a two-year extension through the 2018 season, while the length of Moore’s contract was not disclosed.
Both Yost and Moore had been entering the final seasons of their respective contracts, with Yost having signed a one-year extension prior to the 2015 season and Moore having inked a two-year deal spanning the 2015-16 campaigns. Fresh off a World Series victory in 2015, it shouldn’t come as much of a surprise to see ownership lock up its top baseball operations decision-maker and on-field leader.
Yost, 61, is entering his sixth full season as manager of the Royals and also managed the club for about three quarters of the 2010 season as well. In his time with Kansas City, he’s compiled a 468-469 record, although the team has clearly taken a turn for the better in the past two seasons, as evidenced by a pair of World Series appearances (and their 2015 victory in that regard). Yost has drawn his share of criticism for his bullpen management and penchant for bunting, though his supporters will be quick to point out that the on-field results speak far louder than the critics. Yost is beloved among his players, as many of them explained to the New York Times’ Bruce Schoenfeld at the end of the regular season in 2015, and he’ll now be presented with the opportunity to guide the Royals back to the postseason for at least three more seasons.
As for Moore, he’s been the club’s general manager since the 2006 season. Moore made a name for himself as an executive with the Braves and was thought to be a GM-in-waiting. With Moore atop Kansas City’s baseball ops hierarchy, the team has drafted the likes of Eric Hosmer and Mike Moustakas, traded for Lorenzo Cain, James Shields and Wade Davis, and signed free agents such as Kendrys Morales, Edinson Volquez and Jason Vargas. Of course, like any GM, Moore has had his misses (Jose Guillen, Omar Infante and a number of others would all be fair game to point out), but the Royals appear poised for a sustained run as contenders thanks in large part to their now-signature brand of baseball — defense, speed, contact and elite relief pitching — that is largely attributable to the two men whose contracts were extended today.
Rockies, DJ LeMahieu Agree To Two-Year Deal
The Rockies and All-Star second baseman DJ LeMahieu have agreed to a two-year deal worth $7.8MM, reports Jon Heyman (links to Twitter). LeMahieu, a client of Excel Sports Management, will earn $3MM in 2016 and $4.8MM in 2017. LeMahieu’s case was the lone arbitration case left to be resolved not only for the Rockies but throughout the entire league. He’d filed for a $3.3MM salary, whereas the team countered with a $2.8MM sum, as can be seen in MLBTR’s Arbitration Tracker.
LeMahieu, 27, is coming off the best season of his relatively young career, having batted .301/.358/.388 with six homers, 23 steals and solid defensive contributions. While those offensive numbers are bolstered by his home park of Coors Field (hence park-adjusted metrics like OPS+ and wRC+ feeling that LeMahieu was anywhere from eight to 11 percent below league average with the bat) and his defense has drawn better reviews in previous seasons, LeMahieu was nonetheless a very solid all-around contributor for the Rox last season. The deal does not extend Colorado’s control over LeMahieu, instead buying out the first two of his three arbitration years. He’ll be arbitration-eligible once more after the 2017 season and is slated to hit the open market following the 2018 campaign — in advance of his age-30 season.
That LeMahieu and the Rockies avoided a hearing means that there were only four arbitration hearings in total this winter — a marked decline from last year’s abnormally lofty total of 14 hearings. Three players — Drew Smyly, Jesse Chavez and J.J. Hoover — won arbitration hearings over their respective teams, while Astros catcher Jason Castro lost his side of a hearing.
Rangers Monitoring Market For Outfielders
Josh Hamilton reported to camp with inflammation in his recently-repaired left knee, as MLB.com’s T.R. Sullivan reports. With ongoing uncertainty surrounding his availability, the Rangers are keeping an eye on several options for bolstering the club’s outfield depth, Jon Morosi of FOX Sports reports.
No deals are close to being struck at present, per FOX Sports, but the club is monitoring multiple possibilities. If it adds a bat, Texas would rather a left-handed hitter, though that isn’t seen as essential. The club wouldn’t be looking for a full-time regular so much as a veteran part-timer, it would appear.
One possibility raised in the report is a swap for Mets outfielder Alejandro De Aza. He was only just signed this winter — for one year and $5.75MM — and would therefore have the right to reject any deal. But De Aza has been discussed as a possible trade piece due to New York’s subsequent signing of Yoenis Cespedes.
Alternatives include free agents David Murphy and Will Venable, Morosi adds. Those two former Rangers remain unsigned, among several other notable players lined up as Dexter Fowler and Austin Jackson look for new homes. (For what it’s worth, Fowler and Jackson have long seemed speculative matches with Texas, though there’s no indication they are a present consideration.)
It’s interesting to wonder to what extent the Rangers would prioritize the addition of a center field-capable player. After all, as Sullivan notes, some combination of Justin Ruggiano and Ryan Rua (from the right side) and Joey Gallo, James Jones, or even Ike Davis (from the left) could potentially form a platoon in left if Hamilton misses time. Meanwhile, a potential partner for Delino DeShields Jr. wouldn’t be the worst idea, with only the unproven Jones representing an in-house candidate for that role. Both De Aza and Venable could present such an option.