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Jon Gray Suffers Wrist Fracture

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TODAY: A clear recovery timetable hasn’t yet been determined for Gray, but president of baseball operations Chris Young told Kennedi Landry and other media that Gray will indeed be out for an “extended time.”  It will be at least six weeks before Gray is even cleared to start throwing, so it seems like Texas will be placing him on the 60-day IL at some point before Opening Day.

MARCH 14: Rangers starter Jon Gray sustained a broken right wrist during this evening’s Spring Training appearance, manager Bruce Bochy tells Evan Grant of The Dallas Morning News and other reporters. Gray was struck by a Michael Toglia line drive that had a 106.4 MPH exit velocity (video provided by Kennedi Landry of MLB.com).

Bochy didn’t provide specifics on a return timeline. Gray is obviously going to begin the season on the injured list and will probably be down for a while. It’s the worst of a handful of pitching injuries for Texas this spring. They announced just yesterday that presumptive fifth starter Cody Bradford was going to begin the season on the injured list after experiencing elbow soreness. An MRI came back clean, but the team is going to be cautious with any level of elbow pain.

Tyler Mahle was scratched from his start earlier this week with forearm soreness. Imaging didn’t reveal any problems and he’ll begin throwing in the coming days. Still, that may require a season-opening IL stint — especially since Mahle just returned from Tommy John surgery midway through 2024.

That placed a lot of emphasis on Jacob deGrom, Nathan Eovaldi and Gray to stay healthy. The season-opening rotation now likely comprises deGrom, Eovaldi, Kumar Rocker and Jack Leiter. Mahle would round out the group if he can avoid the IL. They otherwise could push expected long reliever Dane Dunning back into the rotation or turn to veteran ground-ball specialist Adrian Houser, who is in camp on a minor league deal. Houser has tossed eight innings of two-run ball with three strikeouts and walks apiece this spring. He allowed a near-6.00 ERA over 69 1/3 innings for the Mets last season.

The rotation’s durability is arguably the biggest question for Texas. deGrom and Eovaldi are 36 and 35, respectively. deGrom has made 35 starts over the last four years. Eovaldi has mostly been durable recently, but he has twice undergone Tommy John surgery in his career. Rocker underwent the same procedure in May 2023. He pitched fewer than 50 innings between the minors and his three-start MLB debut late last season.

Texas will probably look to add minor league rotation depth as veterans opt out of contracts with other teams in the coming weeks. It’s less likely that they’ll make an MLB signing. The Rangers were clear all offseason that they wanted to keep their luxury tax payroll below the $241MM base threshold. RosterResource projects them around $236MM at the moment. Salary acquired in-season via waivers or trade would add to that on a prorated basis. It’d be a surprise if ownership approves going beyond the tax line to sign a free agent starter like Spencer Turnbull or old friends Kyle Gibson and Lance Lynn. With less than two weeks until Opening Day, none of those pitchers are likely to be game ready for the start of the regular season.

Rays Exercise 2026 Club Option On Yandy Díaz, Add 2027 Vesting Option

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The Rays and Yandy Díaz have worked out a mini extension of sorts. The club announced that it has preemptively picked up his 2026 club option, which is valued at $12MM, while adding a club/vesting option for 2027. Díaz, an ACES client, would reportedly vest the ’27 provision at $13MM if he reaches 500 plate appearances in 2026. If he doesn’t hit that vesting threshold, it would be a $10MM team option with no buyout.

Back in January of 2023, the Rays and Díaz agreed to a three-year, $24MM extension with a club option for 2026. He had just had his first arbitration season in 2022 and he was set to go through the process twice more. That deal bought out those two final arb years and one free agent year, while the option gave the Rays the chance to extend their window of control with Díaz by yet another season. He made $6MM in 2023, $8MM last year and will be making $10MM this year. The 2026 club option was set at $12MM with no buyout.

Over the course of the deal, Díaz has continued to hit, though the first year was far better than the second. In 2023, he hit 22 home runs and slashed .330/.410/.522 for a wRC+ of 163. His .367 batting average on balls in play was helping him out a bit, but he drew walks at a 10.8% clip and only struck out 15.7% of the time. Last year, his walk rate fell to 8.1% and he only hit 14 homers. His BABIP normalized somewhat to .314. The result was a .281/.341/.414 line and 120 wRC+. His defensive grades at first base also slid a bit. FanGraphs considered him to be worth 5.0 wins above replacement in 2023 but just 1.9 fWAR last year.

Díaz is now 33 years old and will turn 34 in August. The Rays could have waited to see how he performed in 2025 before picking up the 2026 option. By locking it in now, they’re getting a potential club option for the following season at a similar salary.

Díaz is perhaps sacrificing a bit of future earning power, but the trade-off for doing so is that he’s guaranteeing himself another $12MM today. That would protect him against a further decline in performance during the 2025 season. Under his previous contract structure, a bad 2025 campaign would have led to his option being declined and him heading to free agency with no buyout. Now he has the $12MM already locked in.

Marc Topkin of The Tampa Bay Times first reported the news and the contract terms.

Rafael Devers Reportedly Considered Asking For Trade

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The Red Sox made a big free agent splash by signing Alex Bregman, but it seems to have led to some unintended consequences. Rafael Devers has clearly not been enthused by the addition and Sean McAdam of MassLive reports that Devers even considered asking for a trade.

Whether he actually asked for a trade or not isn’t known. He spoke to the media yesterday, saying that he had some private conversations with chief baseball officer Craig Breslow and manager Álex Cora, but without going into detail about how those conversations went.

He struck a conciliatory tone yesterday, saying that he will play wherever the team tells him to play, but he previously made it clear that he would prefer to stay at third base. When discussing the situation a month ago, he insisted that he was a third baseman and intended to stay a third baseman.

When he signed a mega extension in January of 2023, Devers was promised he could be the club’s long-term third baseman. However, that promise was made under CBO Chaim Bloom, who is no longer with the club. The latest drama suggests the Breslow regime isn’t so committed to keeping that promise. Per McAdam’s report today, Devers was assured throughout this offseason that the speculation surrounding Boston’s interest in Bregman and Nolan Arenado were just speculative.

Once Bregman signed, some believed that he would take over second base, with Devers staying at third. But more recently, Bregman has continued to line up at the hot corner during spring contests, making it seem as though a move to second base isn’t an immediate concern. Devers has been slow-playing his spring ramp up. He had some soreness in both shoulders last year and spent the winter trying to strengthen both of them. He came into camp a bit behind everyone else and has been taking part in some live BP and intrasquad games, but no official action yet.

While no public declaration has been made, it certainly seems as though the plan is for Bregman to take over third base while Devers serves as the designated hitter. It’s always been expected that Devers would be moved off the hot corner, since he’s not a good fielder. He has tallies of -62 Defensive Runs Saved and -29 Outs Above Average in his career. Moving to first base or DH at some point has been seen as inevitable, but this seems to have arrived sooner than anyone anticipated, certainly sooner than what Devers had been promised a couple of years ago.

While he shifted his public comments, it’s anyone’s guess if he has changed his private feelings on the matter. It will be a situation to watch throughout the season, as little is carved in stone. Bregman’s deal affords him opt-out chances after each year, so it’s possible he could be gone by November. Maybe Devers will be able to take his position again in 2026 but the club probably still considers him a liability there.

His deal runs through 2033, so a move to first base or DH feels like his eventually destiny, but perhaps he can carve out a few more years at third before that becomes permanent. Notably, that deal does not afford him any no-trade protection. If the relationship between Devers and the front office is damaged beyond repair, they could freely trade him wherever they want without having to worry about his preferences. As noted by McAdam, the team isn’t going to publicly say anything if they are trying to trade Devers, since that would be bad for leverage. And there’s no indication that they have any plans on making him available.

How the dominos fall over the rest of this year and into the future could have other impacts. Triston Casas projects as the club’s regular first baseman for now. Masataka Yoshida is not a great defensive outfielder, which makes him another DH candidate. With Devers now perhaps moving off third, Yoshida might have to spend more time in the outfield next to Jarren Duran, Wilyer Abreu, Ceddanne Rafaela and Roman Anthony. Prospect Kristian Campbell is another outfield candidate but he can also play second base. Then again, the club has Trevor Story at short with prospect Marcelo Mayer working into the middle infield mix.

Given all those moving pieces, there are have been trade rumors surrounding Casas, Yoshida and Abreu over the winter. The idea of Devers being available never seemed to be a consideration but is perhaps a bit more feasible in light of the apparent souring of relations over the past month. If a Devers trade becomes a realistic possibility at some point in the future, it could also impact Arenado’s market. The Cards weren’t able to execute an Arenado trade this offseason but would probably try again at the deadline or in future offseasons.

Rays Will Not Move Forward With Plans For New Ballpark

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As the Rays continue to deal with the lasting impact of damages to Tropicana Field during Hurricane Milton, owner Stu Sternberg announced this morning that his club will no longer be moving forward with the previous tentative plans to construct a new ballpark in St. Petersburg. The team’s statement reads as follows:

“As we all recover from impacts of the hurricanes, we are incredibly grateful for the support from our fans and the wider Tampa Bay community. … After careful deliberation, we have concluded that we cannot move forward with the new ballpark and development project at this moment. A series of events beginning in October that no one could have anticipated led to this difficult decision.

Our commitment to the vitality and success of the Rays organization is unwavering. We continue to focus on finding a ballpark solution that serves the best interests of our region, Major League Baseball and our organization. The City of St. Petersburg is currently advancing plans to restore Tropicana Field for the 2026 season. We are thankful for their efforts and are excited to return to our home field next spring.”

Major League Baseball issued the following statement in the wake of the Rays’ announcement:

“Major League Baseball remains committed to finding a permanent home for the Club in the Tampa Bay region for their fans and the local community. Commissioner Manfred understands the disappointment of the St. Petersburg community from today’s announcement, but he will continue to work with elected officials, community leaders, and Rays officials to secure the club’s future in the Tampa Bay region.”

[Related: Rays Are “Not For Sale,” St. Petersburg Mayor Says “Bridge Has Been Burned”]

Last summer, the Rays reached a tentative agreement to construct a new $1.3 billion stadium — part of a larger $6.5 billion redevelopment project in the historic Gas Plant District site near the existing Tropicana Field. The closed-roof, 30,000-seat stadium was set to open in 2028, and the development plan had been agreed upon by the Rays, Pinellas County and the City of St. Petersburg. The city council and county commission still needed to sign off on the plan, and various benchmarks needed to be hit along the way to ensure the stadium plans would remain on track.

Mother nature, of course, had other intentions. Hurricane Milton wrought immense damage on Tropicana Field, leaving the Rays without a place to play for at least the 2025 season while they evaluated the cost of repairing Tropicana Field’s shredded roof. The Yankees agreed to allow the Rays to host their home games at Tampa’s Steinbrenner Field — home of the team’s Class-A affiliate — for the upcoming 2025 campaign. That plan remains in place.

Even a short-term move to a location outside of Pinellas County rankled some on the county commission, however. The time needed to sort out logistical nightmare stemming from the hurricane damages, coupled with November election cycles that changed the composition of the boards set to approve the necessary bonds to move forward with the project, led to delays in what was already a tightly scheduled development plan for the new facility. Those delays also eventually led to a contentious back-and-forth between the Rays (Sternberg and president Matt Silverman) and Pinellas County that has played out over the offseason. Sternberg acknowledged back in November that relocation was a possible outcome in light of renewed squabbles with local government.

The abandonment of the exiting plan for the 2028 stadium and surrounding development comes against the more recent backdrop of reported pressure from not only other owners but also MLB commissioner Rob Manfred for Sternberg to sell the franchise. Evan Drellich of The Athletic wrote over the weekend that Major League Baseball hopes to keep the Rays in Florida, with a focus on either remaining in St. Petersburg or constructing a new facility in Ybor City near downtown Tampa — a location the Rays have previously explored. Orlando has also been mentioned as an alternative, per Drellich.

At this juncture, the team’s focus is clearly on returning to Tropicana Field for the 2026 campaign. That seems a short-term solution, at best, however. The Rays’ lease at their longtime home originally ran through the 2027 season, though the expiration date was pushed back one season after the Rays were rendered unable to play there in 2025.. The now-scrapped construction of their new Gas Plant District home was set to dovetail with the original expiration of their lease at Tropicana Field. Both Drellich and ESPN’s Jeff Passan have reported within the past week that there are potential buyers lining up in the event the franchise is put up for sale, but Sternberg has in the past made clear that he does not intend to sell the club.

“If it was (for sale), people would know it,” Sternberg told Marc Topkin of the Tampa Bay Times last month. “I’ve always been, and I will continue to be, pretty transparent about our intentions. And pretty — not pretty — but very honest about them. And I have been.”

Cardinals Sign Phil Maton

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The Cardinals announced this morning that they’ve signed right-hander Phil Maton to a one-year deal. The Paragon Sports International client will reportedly make $2MM. Left-hander Bailey Horn was designated for assignment to make room for Maton on the club’s 40-man roster.

Maton, 32 later this month, was among the better relief arms still available on the free agent market at this late point in the calendar. Drafted in the 20th round by the Padres back in 2015, Maton will suit up with the Cardinals for his ninth MLB season and hope to continue a stretch of quality work that began with the Astros back in 2022. The first five seasons of Maton’s career saw him struggle despite solid peripherals, with a subpar 4.76 ERA in 215 1/3 innings of work across 209 appearances. He struck out 26.4% of opponents during that time while walking 9.2%. Those numbers were decent enough to keep Maton rostered with San Diego and Cleveland over the years, but he eventually wound up in Houston late in the 2021 season.

The righty’s middling results continued with the Astros through the end of 2021, but by the start of the 2022 season a switch seemed to have flipped. His 25.2% strikeout rate and 8.2% walk rate over the past three seasons aren’t markedly different than what they were earlier in his career, but the veteran’s results have improved drastically as he’s posted a 3.50 ERA with a 4.11 FIP in 195 2/3 innings of work across 206 games.

After hitting free agency for the first time in his career prior to the 2024 season, Maton signed on with the Rays but struggled with a 4.58 ERA in 40 appearances for them last year. Fortunately for the right-hander, he was traded to the Mets for the stretch run and turned a corner, dominating to the tune of a 2.51 ERA across his final 31 appearances of the regular season.

Now, Maton is headed to St. Louis as the first and perhaps only major-league free agent signing the club will make this offseason. The Cardinals’ plans for the winter were largely hamstrung by an inability to find a trade partner for veteran third baseman Nolan Arenado, resulting in an extremely quiet offseason that was defined most by the departures of key veterans like Paul Goldschmidt in free agency.

Despite the Cardinals’ lack of activity this offseason, they’ve long been known to want a veteran relief arm who could fill the role Andrew Kittredge played last year and create a bridge between closer Ryan Helsley and the rest of a relatively young late-inning mix. They now appear to have found that player in Maton, who has just five career saves but has recorded 42 holds over the past three seasons.

Making room for Maton on the 40-man roster is Horn, a fifth-round pick by the White Sox in the 2020 draft. The 27-year-old lefty was traded to the Cubs in exchange for Ryan Tepera at the 2021 trade deadline and was eventually added to his new club’s 40-man roster, but did not make his big league debut in Chicago. He was traded back to the White Sox last February in order to clear a 40-man roster spot for the return of Cody Bellinger, but was then designated for assignment and traded to Boston in April. He made his big league debut for the Red Sox last June but struggled badly with a 6.50 ERA and 7.00 FIP in 18 innings of work.

During the offseason, Horn was designated for assignment by the Red Sox but picked up off waivers by the Tigers in November. He lasted on Detroit’s 40-man roster for just a month and was claimed off waivers by St. Louis in early January. He’ll now likely return to the waiver wire for the fourth time in the last 11 months. The Cardinals will have one week to either trade Horn or put him through waivers, where he can be claimed by any club willing to offer him a spot on their 40-man roster.

If Horn clears waivers, the Cardinals will get the opportunity to outright him to the minors as a non-roster depth option. That said, Horn is an optionable left-handed reliever who averages 95 mph with his heater and has a track record of missing bats in the upper minors. He could make him an attractive candidate for a waiver claim despite his lackluster results in the majors last year.

Katie Woo of The Athletic was first on the terms.

Vladimir Guerrero Jr. Sought $500MM Net Present Value In Extension Talks

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Last week, Vladimir Guerrero Jr. told ESPN that his asking price in extension negotiations with the Blue Jays was south of $600MM. The star first baseman didn’t publicly identify his exact demand, though he noted he was looking for a 14-plus year deal.

Ken Rosenthal of The Athletic provides more specifics, reporting that Guerrero wanted a net present value of $500MM to bypass testing the open market. That could have taken the form of an even $500MM+ without deferrals or a deferred deal with a loftier overall guarantee that would still have pushed the NPV to half a billion dollars. A hypothetical 14-year extension worth $500MM would come with an approximate $35.7MM annual value and would run through Guerrero’s age-39 season (assuming it began this year).

The deferrals were evidently a sticking point. Jon Heyman and Joel Sherman of The New York Post report that Toronto offered a deal that was in the $500MM range overall but included deferred money. According to that report, the NPV would have landed between $400MM and $450MM. Shi Davidi of Sportsnet writes that the NPV on the team’s offer was close to $450MM, suggesting they came in at the higher end of the range initially reported by The New York Post.

That would still have represented the third-largest guarantee in league history. Juan Soto easily holds the record at $765MM without deferrals. The Shohei Ohtani deal is respectively valued around $461MM and $438MM by the league and Players Association, respectively. Guerrero sought a number that would have placed him behind only Soto in net present value. His reported asking price was nowhere near Soto money, which so handily shattered prior precedent that it may be an outlier for a while. Still, it seemingly landed upwards of $50MM higher (in NPV terms) than the Jays were willing to go. Guerrero indicated he wasn’t interested in continuing negotiations beyond the opening of Spring Training. He has left the door open to reconsidering but said at the start of camp that he anticipates testing free agency.

The Jays have at least expressed a willingness to stretch the budget beyond Guerrero’s asking price for star players. They were seemingly willing to match the contract that Ohtani accepted from the Dodgers. Their precise offer to Soto isn’t clear but is believed to have been between $600MM and $700MM. That shows they’re not entirely averse to this kind of signing, yet it’s also a fact that the largest contract in franchise history remains the comparatively modest $150MM George Springer deal.

Toronto’s latest offer represents a significant jump from where they opened talks. Guerrero said over the offseason that the Jays’ offers before the Soto bidding were in the $340MM range. While the Soto price point didn’t make them willing to write a blank check for Guerrero, it seemingly contributed to them going $60MM+ above where they had been in terms of present value.

Guerrero is a career .288/.363/.500 hitter. He’s coming off his second-best season, as he raked at a .323/.396/.544 clip with 30 homers a year ago. At his best, he looks like one of the top five hitters in the game. He hasn’t quite maintained that level on an annual basis, though. He finished among the top six in MVP balloting in 2021 (finishing runner-up that year) and ’24. In the intervening two seasons, he hit .269/.341/.462 across nearly 1400 plate appearances. That’s still very good but not the kind of overwhelming numbers that’d force teams to essentially overlook questions about his defensive profile.

Assuming he gets to the market, Guerrero is likely to be the top free agent in the class. Kyle Tucker is arguably a better overall player, but the Cubs outfielder will hit free agency at age 29. Guerrero will get to the market at 27. The two-year age gap gives Guerrero the better chance to land a deal that stretches beyond a decade despite teams’ general reluctance to make extremely long commitments to first basemen.

Dodgers Sign Dave Roberts To Four-Year Extension

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The Dodgers announced the signing of manager Dave Roberts to a four-year extension that covers the 2026-29 seasons. The team did not confirm salary figures, but Roberts will reportedly be paid $32.4MM — an average annual value of $8.1MM. That surpasses the $8MM AAV on Craig Counsell’s five-year, $40MM deal with the Cubs.

The news doesn’t come as a shock. Clubs generally don’t like to have skippers in “lame duck” position, that is, managing on a deal that is about to expire. Reporting throughout the winter has suggested the Dodgers and Roberts were likely to work out a new deal prior to the start of the 2025 season. It was reported on Thursday that the two sides were making progress on a deal that would see Roberts surpass Counsell’s AAV. On Friday, Roberts referred to the talks as being on “the one-yard line”, per Fabian Ardaya of The Athletic.

Roberts has been at the helm for the Dodgers since November of 2015. The club was already in good overall position at that time, having just won three straight division titles under manager Don Mattingly, but with three straight deflating postseason losses. They lost the NLCS to the Cardinals in 2013 and then suffered quick NLDS defeats in the next two seasons.

Under Roberts, the regular season success has continued and the postseason record improved. They made it to the NLCS in the first season and the World Series in his second and third campaigns. The club lost the 2017 World Series to the Astros and the 2018 series to the Red Sox, both asterisk-marked campaigns for those winning clubs. The Dodgers suffered a quick NLDS exit in 2019 but hoisted the trophy in the shortened 2020 season. The next three seasons saw the club eliminated before the World Series, but they won it all again in 2024, getting Roberts his second ring in five years.

Roberts currently sports a managerial record of 851-506 in the regular season and 56-44 in the postseason, with the Dodgers getting to the playoffs in each season with him at the helm. Roberts has had some loaded rosters to work with but appears to be well-liked by players and other Dodger personnel.

Counsell left the Brewers after the 2023 season with the reported goal of improving the earning power of managers. Joe Torre had been able to secure an $8MM salary in his days with the Yankees but skipper salaries had seemingly stalled. Reportedly, Terry Francona was the highest-paid manager in 2023 with a $4.5MM salary. Counsell managed to get a five-year, $40MM deal from the Cubs, an AAV of $8MM. That seemingly set a baseline foundation, with Roberts able to negotiate his way just over that line. Earlier in the winter, Roberts said he was hopeful of getting a new deal done but wanted “to feel (his) value.”

Jon Heyman of The New York Post first reported that Roberts and the Dodgers had agreed to a new four-year deal worth slightly more than $8MM annually. Bob Nightengale of USA Today first reported that the deal would start in 2026. Joel Sherman of The New York Post reported the $32.4MM total.

2025 Trade Deadline To Be On July 31

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The 2025 trade deadline will be on Thursday, July 31st at 6pm Eastern/5pm Central. Joel Sherman of The New York Post was among those to relay the decision. That’s a slight change from last year’s deadline, which was July 30.

Traditionally, the trade deadline had always been on July 31. Under the current collective bargaining agreement, the commissioner can choose a date between July 28 and August 3 for the deadline. This is mostly so that the league can avoid having the deadline occur when games are going on and players have to be removed in a “hug watch” scenario. If the deadline were to fall on a weekend, when there are many games all throughout the day, the chances of a player being dealt during an ongoing game would be higher.

The league has usually opted for a weekday with a lighter schedule. It was on August 1st in 2023 and July 30 last year, both of those dates being Tuesdays. This year, as mentioned, July 31st is a Thursday. There are only three games on the schedule for that date.

Gerrit Cole To Have Tommy John Surgery

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The Yankees have announced that ace Gerrit Cole will undergo Tommy John surgery on Tuesday. Dr. Neal ElAttrache will perform the procedure. The team will provide further updates following the surgery, but there is no doubt that the 2023 AL Cy Young winner will miss the entire 2025 season.

Cole, 34, went for diagnostic tests on his elbow last week. He told reporters he was “concerned” by the results of the initial testing but expressed some hope that a second opinion could assuage the worst of his concerns. Unfortunately, Cole’s appointment today with Dr. ElAttrache only confirmed that the right-hander needs Tommy John to repair a torn UCL in his pitching arm.

This is a crushing blow to the reigning AL champions. The typical recovery timeline for Tommy John surgery is roughly 12-18 months. New York survived without Cole for just under three months last season when elbow inflammation kept him out until mid-June. This year, the Yankees will have to get by without their number one starter at all. They must be glad they won the bidding war to sign Max Fried this offseason, inking the two-time All-Star to an eight-year, $218MM deal. The southpaw will now lead a rotation that also features Carlos Rodón and Clarke Schmidt. Rounding out the starting five to begin the year will likely be Marcus Stroman (whom the Yankees are surely glad they didn’t trade earlier this offseason) and top pitching prospect Will Warren. Last year’s AL Rookie of the Year, Luis Gil, will miss the beginning of the year with a lat strain but will hopefully return sometime in June. Non-roster invitee  Carlos Carrasco is another arm who could offer rotation depth.

That group of arms could still make up a perfectly capable starting rotation for a contending club, but the error bars are much wider now, and there is no question the Yankees are a much less dangerous World Series contender without Cole. It doesn’t help that they’re also dealing with injury issues on the other side of the ball. Veteran bats Giancarlo Stanton (elbows) and DJ LeMahieu (calf) are likely to miss the beginning of the season.

Presumably, the Yankees will consider their options to upgrade their rotation externally. Available free agents include Kyle Gibson, Lance Lynn, and Spencer Turnbull, although none of those names offer anything close to the star power the Yankees lost. Thus, if GM Brian Cashman wants to find a top-of-the-rotation replacement for Cole, he’ll have to turn to the trade market. Some of the most interesting potential trade candidates include Sandy Alcantara of the Marlins, Luis Castillo of the Mariners, and Dylan Cease and Michael King of the Padres. The most recent reporting on all of those pitchers suggests that an offseason trade is unlikely, but a desperate Yankees team could certainly change that.

The Yankees had a chance to part ways with the six-time All-Star this offseason when Cole triggered his opt-out clause in November. The team could have blocked his opt-out by adding another year and $36MM to the end of his contract, which they chose not to do. However, the two sides ultimately agreed to stick together as if Cole had never triggered his opt-out in the first place, with the Yankees keeping him around for the four years and $144MM remaining on his original guaranteed deal. In other words, while the Yankees may have had their concerns about Cole’s longevity, they could not have been overly worried that his elbow troubles would rear their ugly head again so soon.

From 2017-22, Cole led all pitchers with 173 starts and 1070 2/3 innings pitched. He dealt with some elbow inflammation in 2016, but from then until 2024, his only IL stint was due to COVID-19 protocols. In an age of ever-increasing arm injuries and ever-decreasing inning counts, Cole has been a workhorse, topping 200 innings in a season six times in the last ten years. Sadly, his run of healthy seasons came to an end last year, and this coming season will be the first since 2012 in which Cole does not pitch. Instead, he will turn his focus toward his rehab in an effort to miss as little of the 2026 campaign as possible.

Image courtesy of Imagn.

A’s Sign Lawrence Butler To Seven-Year Extension

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March 10: The A’s made it official today, announcing they have signed Butler to a seven-year extension plus a club option for 2032.

March 7: Butler’s deal will pay him a $3MM signing bonus and $2.25MM in 2025, Evan Drellich of The Athletic reports. He’ll then earn salaries of $3.25MM, $5MM, $8MM, $10MM, $14MM and $16MM from 2026-31. The Athletics’ option checks in at $20MM and comes with a $4MM buyout. The contract also contains escalators that can push the option value north to $26MM, per the report. In all, Butler can max out at $87.5MM over eight years if he hits all those escalators and the option is picked up.

March 6: The A’s are in agreement with right fielder Lawrence Butler on a seven-year, $65.5MM extension, reports ESPN’s Jeff Passan. There’s a club option for an eighth season. The contract buys out at least two free agent seasons, while the option covers a third would-be free agent year. The team has yet to announce the signing, which is pending a physical. Butler is represented by CAA Sports.

A sixth-round pick out of high school in 2018, Butler struggled over his first couple minor league seasons. Things clicked for him in Low-A in 2021, and he continued to hit his way up the ladder. The lefty hitter reached the majors in 2023 and hit .211 over his first 42 games. While he got out to another relatively slow start last year, a monster second half demonstrated his potential.

Butler raked at a .300/.345/.553 clip with 13 homers and 32 extra-base hits after the All-Star Break. Among qualified hitters, he ranked 10th in wRC+ over that stretch. The nine more productive batters in the second half are stars: Aaron Judge, Vladimir Guerrero Jr., Bobby Witt Jr., Yordan Alvarez, Juan Soto, Shohei Ohtani, Francisco Lindor, Jackson Merrill, and teammate Brent Rooker.

It’s impressive company, though it’s worth noting that Eugenio Suárez and Gavin Lux were among those closely behind Butler in second-half production. Three months is still a relatively small sample size. Butler went into last year’s All-Star Break as a career .205/.260/.337 hitter. He had fanned in almost 30% of his plate appearances to that point. He sliced the strikeouts to a tidy 19.8% clip in the second half. The whiffs began to creep back up in September, though he still managed a .280/.330/.409 in the season’s final month.

The A’s believe he’ll build off that strong finish. Butler ended the season with a .262/.317/.490 slash across 451 plate appearances. He hit 22 homers and went a perfect 18-18 on stolen base attempts. While most of his playing time came against right-handed pitching, he more than held his own in unfavorable platoon settings. Butler hit .291 with five homers in 89 plate appearances against southpaws.

Butler led off for Mark Kotsay throughout the second half. He has sufficient on-base skills to hit atop the lineup or the power to slot into the order’s middle third. He’s an effective baserunner who’ll play every day in right field. Statcast and Defensive Runs Saved each graded him as a league average defender over 955 1/3 innings. Butler has solid speed and arm strength, so he probably has the tools to be an above-average corner outfield defender. He started 32 games in center field as a rookie, but he only played four MLB innings there last season. JJ Bleday will play up the middle on most days.

The A’s had Butler under club control for five seasons. He wasn’t on track to reach arbitration for another two years. There have been a few recent extensions for hitters in that 1-2 year service bucket. The Pirates inked third baseman Ke’Bryan Hayes to an eight-year, $70MM guarantee in 2022. The Rockies signed a seven-year, $63.5MM extension with shortstop Ezequiel Tovar last spring. The Nationals hammered out an eight-year, $50MM agreement with catcher Keibert Ruiz two seasons ago.

Butler has shown a higher offensive ceiling than all those players had at the time of their deals. They’d each been top prospects and played more valuable positions, though. Tovar and Hayes were already plus defenders. Butler’s deal puts him alongside the Hayes and Tovar contracts. That’s a reasonable landing spot. Butler locks in a significant sum that hedges against injury or regression. The A’s buy into his breakout relatively early. If they’d waited until next offseason, another strong season would probably have pushed Butler’s asking price beyond nine figures.

The A’s have now signed three of the four largest contracts in franchise history over the past few months. Their three-year, $67MM free agent deal with Luis Severino stands as their biggest ever. They signed Rooker to a five-year, $60MM extension with a sixth-year club option. As shown on MLBTR’s Contract Tracker, this is the first time the A’s have extended a pre-arbitration player since their $10MM deal with Sean Doolittle in April 2014.

The spike in spending has coincided with the franchise’s three-year move to Sacramento. They’ve reportedly needed to get their competitive balance tax number to $105MM in order to avoid a grievance from the MLB Players Association regarding their use of revenue sharing funds. They’d already achieved that between deals for Severino, Rooker, and reliever José Leclerc, as well as the trade for starter Jeffrey Springs.

Butler joins Rooker as the only players under contract through at least 2028, the scheduled opening of their Las Vegas ballpark. The option extends their control window through 2032. Butler would hit free agency after his age-31 season if they exercise the option.

It’s possible this is the first of a handful of spring deals for the A’s. General manager David Forst told Evan Drellich of The Athletic last month that the team had opened talks with multiple players. MLBTR highlighted a few of their extension candidates in a post for Front Office subscribers last week.

Image courtesy of Imagn.

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