Rangers Exercise Adrian Beltre’s 2016 Option
2:11pm: Jon Heyman of CBS Sports reports that in exchange for guaranteeing the option in advance, Beltre has agreed to juggle his salaries a bit (Twitter link). Beltre will now earn $16MM in 2015 instead of $18MM, while his 2016 salary will jump from $16MM to $18MM.
1:07pm: The Rangers announced today that they have exercised their 2016 option on Adrian Beltre in advance, meaning that he will be guaranteed $16MM. The Rangers had the ability to void the option if Beltre didn’t reach 600 plate appearances in 2015, but GM Jon Daniels said over the weekend that he was considering removing the clause and locking in Beltre’s salary, as he didn’t want the clause to become a storyline.
Beltre, 36 in April, is coming off another typically excellent season, having batted .324/.388/.492 with 19 home runs and excellent defense at third base. He had been slated to enter the final guaranteed year of a five-year, $80MM contract signed in the 2010-11 offseason, but he’s now guaranteed to earn the full $96MM maximum that was available to him on the contract.
While one could argue that there’s risk involved with locking in that salary ahead of time, it’s unlikely that Beltre would suddenly deteriorate to the point at which a $16MM salary in 2016 would look like a substantial overpay. His defense alone gives him a considerably higher floor than most players, and he’s been very durable over the past three seasons, averaging 155 games per year.
D-Backs Agree To New Television Contract
FEB. 23: The total value of the contract is now believed to exceed $1.5 billion, and it also contains an equity stake in the network, Piecoro writes in a followup piece. Piecoro spoke to D-Backs CEO Derrick Hall, who said that while the team stands to benefit financially, there won’t be a sudden increase in spending late in the offseason. The Diamondbacks have been spending this offseason under the assumption that this deal would be completed, Hall explained. While there’s a signing bonus with the contract, increased rights fees won’t kick in until next year.
Hall called the contract “game-changing” for his team, adding: “It puts us on par with a lot of our colleagues. Any increase in revenues, as we’ve said in the past, will go directly toward our (organization). It will help the franchise. It will help the product on the field.”
FEB. 18: The Diamondbacks and FOX Sports Arizona have agreed to a new television contract that is believed to be worth more than one billion dollars in total, reports Nick Piecoro of the Arizona Republic.
Arizona’s current television contract, which expires at season’s end, has an average annual vaue of about $31MM per year, Piecoro notes. He adds that the new contract is believed to at least triple that amount. It’s unclear how much the total value of the contract is, because the length of the deal isn’t currently known, but club officials have recently said they were discussing lengths in the 15- to 20-year range. Piecoro reports that there are indications that the new deal is indeed in line with those previously discussed parameters, which would suggest the total value is at least $1.4 billion.
Piecoro writes that the impact on the team’s payroll isn’t immediately known, though as he points out, the increased revenue won’t vault the D-Backs into the division-rival Dodgers’ financial stratosphere. The Dodgers’ TV deal averages out to roughly $334MM annually, according to a Forbes report from March 2014, trailing only the Yankees, whose annual revenue from the YES Network averages out to about $385MM.
Recent examples of this type of mega-contract include the Rangers, Mariners and Phillies, each of whom have AAVs in excess of $140MM, per Forbes. Piecoro notes that since the Rangers signed their 20-year, $1.7 billion deal in 2010, nearly a third of the teams in the league have inked similar contracts. Per Forbes, the previous top 10 television revenues belonged to the Yankees, Dodgers, Phillies, Rangers, Angels, Mariners, Mets, Red Sox, Giants and Padres.
It should be noted that the increased revenue won’t necessarily be distributed evenly over the duration of the contract. As MLBTR’s Jeff Todd pointed out last year in assessing the Phillies’ new television contract, Philadelphia’s TV revenue did not immediately jump to the $100MM average of their 25-year, $2.5 billion agreement. Rather, the increase was built in incrementally, with a three- to four-percent annual bump slowly building over the course of the deal. Jeff estimated that the Phillies’ first year under the new contract produced roughly $65MM in revenue (before factoring in equity stake and ad revenue), and it’s very possible that the D-Backs’ new contract is structured in a similarly incremental fashion. So, while the roughly $60MM discrepancy between the AAVs of contracts old and new may cause D-Backs fans to envision an enormous spending spree next winter, the team’s $92MM payroll may increase in a more gradual sense than those mean figures would initially suggest.
Dodgers Sign Dustin McGowan
11:05am: McGowan’s base salary with the Dodgers will be just the league minimum, reports ESPN’s Jerry Crasnick (Twitter links). However, he’ll have the opportunity to earn $1MM via roster bonuses and $1.5MM via performance bonuses, which peak at 60 appearances and 60 innings pitched. In total, he can earn $3MM.
8:59am: The Dodgers announced today that they have signed right-hander Dustin McGowan to a one-year, Major League contract. To clear a spot on the 40-man roster, fellow righty Brandon Beachy, whom the team signed last week, was placed on the 60-day disabled list. (Beachy is recovering from Tommy John surgery.) The move was expected following news yesterday that McGowan showed up at the Dodgers’ Spring Training camp.
McGowan, who turns 33 in March, has spent his entire career to this point in the Blue Jays organization. The ACES client was selected 33rd overall by Toronto back in 2000 but has seen much of a promising career slowed by injuries. McGowan had Tommy John surgery back in 2004, but it’s been his right shoulder that has truly plagued him, as he’s undergone three separate surgeries on his throwing shoulder.
The end result of all the injuries is that McGowan has totaled just 482 1/3 innings of Major League action, but he’s shown flashes of potential throughout his career. He has a lifetime 4.57 ERA with 7.3 K/9, 3.7 BB/9 and a 45.9 percent ground-ball rate. He’s been used both as a starter and reliever, though more of his work has come out of the bullpen in recent years.
It’s not clear whether or not this signing is tied to the injury of Kenley Jansen, although reports indicated that the Dodgers may look to add another relief arm — but likely a middle reliever as opposed to a closer — in the wake of Jansen’s foot surgery. (He’ll be sidelined eight to 12 weeks.) McGowan, along with Beachy and Brett Anderson, is the third talented but injury-prone pitcher that the Dodgers have signed to a big league deal this winter.
Latest On Yoan Moncada
Here’s the latest on Cuban phenom Yoan Moncada:
- Bids on Moncada are believed to have passed the $20MM mark, Jon Heyman of CBS Sports writes. The Yankees, Red Sox and Padres appear to be the front-runners for Moncada, with the Dodgers a less likely possibility. Heyman suggests earlier reports of a $50MM price tag might be a bit lofty, given that Moncada is only 19 and given the tax that the team signing him would have to pay.
- Cuban Red Sox pitcher Dalier Hinojosa sees plenty of upside in Moncada, who he saw in Serie Nacional in 2012, WEEI.com’s John Tomase and Rob Bradford report. “He’s what we call a five-tool player here, and he was that back then. He can run, throw, he’s physical, hit from both sides, hit for power, hit for average,” Hinojosa says. Hinojosa’s main suggestion for Moncada in adjusting to U.S. baseball is to allow his coaches to help him.
Brewers’ Attanasio Speaking With Boras About K-Rod
Brewers owner Mark Attanasio is speaking with agent Scott Boras about signing free agent reliever Francisco Rodriguez, FOX Sports’ Ken Rosenthal tweets. Attanasio’s involvement could be an indication that the Brewers’ pursuit of Rodriguez has intensified, although Brewers GM Doug Melvin recently told the Journal Sentinel’s Todd Rosiak that “Scott keeps calling Mark.”
The Brewers have frequently been connected to Rodriguez this offseason, although lately most K-Rod rumors have focused on the possibility that he could be headed for the Marlins. The Brewers, meanwhile, have been connected to the Phillies’ Jonathan Papelbon in their quest for a reliever with closing experience. They also recently signed former Indians closer Chris Perez to a minor-league deal. Rodriguez and Rafael Soriano (who is also represented by Boras) are, of course, the main closer types left available in what’s left of the free agent market. One recent report indicated Rodriguez was seeking a contract of $10MM.
Milwaukee would be a familiar setting for Rodriguez, who has pitched all of the last four seasons for the Brewers, with the exception of a half-season in Baltimore in late 2013. The veteran made $3.25MM on a one-year deal with the Brewers in 2014 and posted a solid 3.04 ERA, 9.7 K/9 and 2.4 BB/9 in 68 innings. He did somehow allow 14 home runs, although he seems unlikely to repeat that unfortunate feat.
Dodgers Sign Brandon Beachy
The Dodgers have announced that they’ve signed righty Brandon Beachy to a one-year deal. Beachy will receive $2.75MM, and the Dodgers will get a club option for 2016 that can be worth between $3MM and $6MM depending on how much Beachy pitches in 2015. To clear space for Beachy on the 40-man roster, the Dodgers moved pitcher Chris Withrow to the 60-day DL. Beachy is represented by Icon Sports Management.
Beachy missed the entire 2014 season after having his second Tommy John surgery and will likely spend the first part of the 2015 season on the disabled list. As Rosenthal notes, though, Beachy gives the Dodgers an extra starting pitching option for 2016 after a 2015-16 offseason in which Brett Anderson and perhaps Zack Greinke (who has an opt-out) could depart via free agency. Once Beachy is healthy, he’ll join Anderson and Brandon McCarthy as newcomers to the Dodgers’ group of rotation candidates.
Should Beachy return to form, he could end up being very helpful — the 28-year-old has a career 3.23 ERA with an excellent 9.2 K/9 and 2.9 BB/9 in parts of four seasons with the Braves, giving him upside that’s rare in a pitcher signed to a one-year deal. Finding a pitcher with Beachy’s talent is especially tricky at this point in the offseason — the free agent starting pitching market is now largely bare, with Kevin Correia, Randy Wolf and Chris Young as the only significant free agents remaining. It’s not yet clear, however, how well Beachy will pitch after having surgery for the second time in three years.
Atlanta non-tendered Beachy earlier this offseason. He still only has four years and 14 days of service time, so as MLBTR’s Steve Adams noted earlier this month, he would have had two years of team control remaining regardless of the terms of his new deal. The Dodgers’ club option for 2016 means they won’t have to take him through the arbitration process for his last year before he becomes eligible for free agency.
FOX Sports’ Ken Rosenthal was the first to report the deal (via Twitter). CBS Sports’ Jon Heyman tweeted that Beachy would receive $2.75MM guaranteed. Bill Plunkett of the Orange County Register tweeted the terms of the Dodgers’ 2016 option.
Photo courtesy of USA Today Sports Images.
Zimmermann Not Willing To Talk Extension After Season Starts
Nationals starter Jordan Zimmermann is willing to discuss a contract extension during Spring Training, but not during the season, CSNWashington.com’s Mark Zuckerman tweets. Zimmermann’s stance would effectively set a deadline on extension talks, since the pitcher can become eligible for free agency after the season. The two sides have not made progress recently, Zimmermann says.
In December, the Nationals were reportedly planning to try to extend Zimmermann, but he was the subject of trade rumors later in the offseason. The Nats also signed Max Scherzer to a huge seven-year deal, possibly reducing both their ability to pay Zimmermann and their need to keep him long-term. If the Nationals don’t sign Zimmermann, he’ll join a loaded 2015-16 class of free-agent pitchers that also could include David Price, Johnny Cueto, Jeff Samardzija, Rick Porcello along with Zimmermann’s fellow Nationals starter Doug Fister and possibly Zack Greinke. Zimmermann currently ranks sixth (behind Price and Cueto) in Tim Dierkes’ 2016 Free Agent Power Rankings.
Red Sox Extend John Farrell
The Red Sox have announced that they’ve extended manager John Farrell through the 2017 season with an option for 2018. The deal adds one year plus an option to Farrell’s current deal, which continues through 2015 with a team option for 2016.
Farrell replaced Bobby Valentine following the 2012 season and led the Red Sox to a World Series win the following season, winning the Sporting News AL Manager of the Year award and finishing second in BBWAA AL Manager of the Year voting. Last season, the Red Sox fell to last place, and Farrell now owns a 168-156 record in two years with the team. Farrell also led the Blue Jays to a 154-170 record as their manager during the 2011 and 2012 seasons.
Orioles Defeat Alejandro De Aza In Arbitration
The Orioles have won their arbitration case against outfielder Alejandro De Aza, Eduardo A. Encina of the Baltimore Sun tweets. De Aza, who had filed for $5.65MM, will make $5MM next season in his last year before free agency eligibility.
De Aza made $4.25MM last season, so his $5MM 2015 salary will represent only a relatively modest raise. He had been in the midst of a disappointing season with the White Sox before arriving in Baltimore after an August trade. A strong stretch run with the Orioles helped save his season, but he still experienced overall declines (some of them admittedly slight) in most offensive categories, hitting .252/.314/.386 with just eight home runs for the season.
Via MLBTR’s Arbitration Tracker, the Orioles have now either settled or completed the arbitration process with all 11 of their arb-eligible players. They will pay a total of about $57.5MM to those players, including Chris Davis at $12MM, Bud Norris at $8.8MM and Matt Wieters at $8.3MM.
Nationals Exercise Matt Williams’ 2016 Option
The Nationals have announced that they’ve exercised their 2016 option on manager Matt Williams. The team holds another option on Williams for 2017.
“We are happy to pick up Matt’s option for the 2016 season,” says Nats General Manager Mike Rizzo. “It shows the great confidence we have in Matt to continue to lead this team on the field.”
Williams replaced Davey Johnson for the 2014 season, and in his first year as manager, he led the team to a 96-66 record as the Nats easily won the NL East. In the process, Williams won the BBWAA NL Manager of the Year award and the Sporting News NL Manager of the Year award.