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Patrick Corbin Signing “Imminent”

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2:40pm: Corbin is evidently nearing agreement, as Morosi tweets that a signing is “imminent.” He’s said to be lining up a six-year deal, though it’s not yet clear with what team.

With the Yankees only putting five years on the table, it seems they aren’t going to get the lefty, Morosi adds on Twitter.

10:55am: There’s still no marked movement on the bidding for free agent lefty Patrick Corbin, but we’re continuing to see indications that the action is building to a crescendo. With interest spiking in the top open-market hurler, Bob Nightengale of USA Today cites multiple league sources for the proposition that Corbin is expected to meet or exceed the contract value that Yu Darvish achieved last winter (Twitter link).

That level of payday is just what MLBTR predicted in ranking Corbin as the third-best free agent on this year’s market. At the time, that seemed a rather aggressive estimation of his value. More recently, though, some have wondered whether Corbin might not drive well past the Darvish deal (six years, $126MM).

How high the bidding will go remains to be seen. Indeed, it’s not yet fully clear whether Corbin will actually top Darvish, even if he can. Nightengale suggests it’s possible that Corbin might be asked to “take a discount” to end up with the Yankees, who could be looking to get the life-long fan of the Bronx Bombers to sign for less.

The precise strategy of the Yankees isn’t entirely clear; certainly, the organization could boost its bid if Corbin demands it and there’s a bigger offer on the table. Regardless, MLB.com’s Mark Feinsand notes on Twitter that the Yankees are still locked in on Corbin, though he reminds that they’ve also engaged in secondary targets. That more or less mirrors what GM Brian Cashman stated on the record last night.

If Corbin currently sits atop the New York priority list, it seems the same is true of the Phillies, as Scott Lauber of the Philadelphia Inquirer tweets. Indeed, some “rivals speculate” that the Phillies are the favorite, Andy Martino of SNY.tv tweets, though perhaps that can be said of most any of the team’s free agent targets this winter given its ample spending capacity and clear imperative to win. As Nightengale adds on Twitter, the Phillies seem to have made it clear to Corbin that they’ll top the rest of the market to get him.

Meanwhile, Nationals president of baseball operations Mike Rizzo offered plenty of his own indications of strong interest in Corbin, as MLB.com’s Jamal Collier was among those to report. “He’s a guy that obviously we’re interested in and would fit nicely on this team,” says Rizzo, who made clear that the club still has a somewhat traditional view of the value of rotation assets. “Starting pitching is king,” Rizzo says, leaving little doubt that the Nats are prime players for Corbin and other top arms.

Mets Expected To Hire Chili Davis As Hitting Coach

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The Mets are expected to reach a deal with Chili Davis to make him the club’s next hitting coach, per Joel Sherman of the New York Post (via Twitter). He’ll replace Pat Roessler, who was dismissed after the 2018 campaign.

Davis, 58, turned in a highly productive 19-year MLB career in which he only failed to produce at a league-average or better rate over the course of a given season. Since, he has turned to teaching the craft to others. After stints at the lower levels of the Dodgers and Red Sox organizations, Davis became the A’s hitting coach in advance of the 2012 campaign.

Since taking the gig in Oakland, Davis has been a mainstay in the major-league coaching ranks. He has held the same position with the Red Sox and Cubs, though he lasted only a single season with the Chicago organization. Mets skipper Mickey Callaway now has a substantially revamped coaching staff to work with, led by just-added bench coach Jim Riggleman.

Latest On Bryce Harper

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TODAY: Johnson has denied any recent meetings with Harper, leading to a significantly revised Yahoo report. It’s not entirely clear from the current version of the story whether the Dodgers have or will send a contingent to meet with Harper at all.

YESTERDAY: The Dodgers have held a sit-down with free agent superstar Bryce Harper, according to a report from Tim Brown and Jeff Passan of Yahoo Sports. It’s a must-read update on the still-developing market for one of the winter’s marquee free agents.

Of particular note, the Los Angeles behemoth has now made a notable foray into the Harper market — a possibility that was never quite clear but always tantalized. Minority owner and NBA legend Magic Johnson led a delegation to Harper’s home town of Las Vegas, suggesting at a minimum that pursuing Harper is a serious consideration for an organization that has not generally chased top free agents under president of baseball operations Andrew Friedman.

At the outset of the offseason, we did predict that Harper would land with the Dodgers, and score a massive contract in the process. But that was anything but a high-probability prediction, as the outfielder’s market was then and remains difficult to assess in the usual manner. Harper, after all, is a rather unique commodity. Like fellow free agent Manny Machado, he’s an established star who only recently turned 26 years of age. Both players also have their blemishes, to be sure, but the talent ceilings and volume of potentially prime seasons are, in both cases, immense.

Thus it is that, as the Yahoo duo report, “upward of a dozen” organizations across the league have or likely will follow Magic in a Vegas road trip to chat with Harper. The Yankees are among them, despite a litany of reports suggesting they won’t pursue this particular opportunity, while the Phillies are an unsurprising club in the market as well.

We’ve heard plenty about the White Sox to date, of course, but the seriousness of their pursuit has been tough to gauge. According to Yahoo, the South Siders have dispatched Jim Thome and others to help woo Harper to a rebuilding situation. Other possibilities abound, with the Cubs, Padres, Astros, and Cardinals all tabbed as teams with at least speculative potential interest. (That’s all in addition to the incumbent Nats, of course.)

The report cautions that these early visits don’t necessarily signal an all-in commitment to chase the market on Harper. Certainly, it’s worth bearing in mind that the teams are still assessing their respective levels of interest. Still, it seems promising for Harper that he has drawn this much focus from nearly half the teams in baseball — particularly given that they’re all already aware that he reportedly turned down a $300MM offer to stay in DC.

There was never any doubt, of course, that he’d be heavily pursued. But there are relatively few big-spending teams with clear-cut needs in the corner outfield, making it tough to guess at interest based upon team need and even historical spending patterns. It seems, though, that there are at least quite a few teams that are willing to assign significant resources to assess whether Harper is enough of an asset, on and off the field, to warrant not only an enormous outlay but also some roster maneuvering to fit.

Offseason Outlook: Milwaukee Brewers

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MLBTR is publishing Offseason Outlooks for all 30 teams.  Click here to read the other entries in this series.

The Brewers went from a near-miss in the 2017 postseason to a deep NLCS run against the Dodgers in 2018. With much of the core under control, general manager David Stearns and the rest of the Milwaukee front office will look to push the roster to the next level in 2019.

Guaranteed Contracts

  • Lorenzo Cain, OF: $66MM through 2022
  • Ryan Braun, OF: $38MM through 2020 (includes $4MM buyout of 2021 mutual option)
  • Christian Yelich, OF: $37.5MM through 2021 (includes $1.25MM buyout of 2022 club option)
  • Eric Thames, 1B/OF: $7MM through 2019 (includes $1MM buyout of 2020 club option)
  • Chase Anderson, RHP: $6.5MM through 2019 (includes $500K buyout of 2020 club option; contract also contains 2021 club option)
  • Jhoulys Chacin, RHP: $6MM through 2019
  • Jeremy Jeffress, RHP: $3.175MM through 2019 (contract contains 2020 club option)
  • Matt Albers, RHP: $2.5MM through 2019
  • Erik Kratz, C: $1.5MM through 2019 (as a pre-tender arbitration contract, Kratz’s deal is not fully guaranteed)

Arbitration-Eligible Players (service time in parentheses; salary projections via MLBTR contributor Matt Swartz)

[Brewers depth chart |  Brewers current payroll outlook | Brewers payroll projection analysis]

Free Agents

Generally speaking, there aren’t going to be a lot of holes to fill for a 96-win team that stands to retain the vast majority of its top players, but that’s perhaps less so in the case of these Brewers. Milwaukee’s outfield is set, if not overcrowded, but the Brewers’ infield, catching and rotation pictures all present the opportunity for improvement.

The Brewers bit the bullet and non-tendered Jonathan Schoop — a supposedly key trade-deadline acquisition who instead flopped in his limited time in Milwaukee. With Mike Moustakas, whose midseason acquisition was much more successful, hitting the open market and Orlando Arcia still not fully cemented as an everyday player in the big leagues, the Brewers could pursue multiple avenues to solidifying their infield mix.

Travis Shaw has proven a quality third baseman for the past two seasons in Milwaukee, but he shifted to second base at times when the club added Moustakas to the fold. Presumably, given the fact that Shaw grades out as a strong defender at the hot corner, the Brewers wish to return him to third base. At the very least, Milwaukee could stand to add a second baseman, where utilityman Hernan Perez currently tops the depth chart. Fortunately for the Brewers, there’s hardly a shortage of options available to them.

Frankly, it’s possible to imagine a variety of approaches, including the addition of multiple pieces that will see action at multiple positions. Super-utilityman Marwin Gonzalez would be an intriguing fit, and he’s certainly familiar to Stearns. But he may well cost more than the Brewers wish to pay. It’s not hard to imagine Stearns looking to find his own such player at a more palatable rate of pay.

DJ LeMahieu and Jed Lowrie head up a deep free-agent crop of second basemen. The former would bring some relative youth and premium defense to the position; the latter, meanwhile, is coming off a career-best season and offers more defensive versatility, though Lowrie will play next season at age 35. With top prospect Keston Hiura already reaching Double-A, the Brewers probably don’t feel the need to spend heavily on a long-term option at second base, and likely won’t be forced to in this market. Any of Brian Dozier, Daniel Murphy, Ian Kinsler or Asdrubal Cabrera could presumably be had on short-term pacts (in some cases, even one-year deals), and the trade market also features myriad options. Starlin Castro and Cesar Hernandez could be shorter-term options, while someone such as Arizona’s Ketel Marte is a longer-term piece who has the versatility to move to a utility role if Hiura pushes him off the spot. Stearns is never shy on the trade market, and he’ll have ample avenues to explore in that regard.

At shortstop, the need is less acute. Arcia was one of the game’s worst hitters in the first half of the season, but the former top prospect returned from a brief demotion to hit .290/.320/.386 in his final 154 plate appearances before hitting .333/.353/.606 in 34 trips to the plate in the postseason. Given his strong defensive ratings at short, his once-premium prospect pedigree and the fact that he’s headed into his age-24 season, there’s reason to believe that Arcia can hold down the fort in 2019 at the very least — if not blossom into a close approximation of the player he was projected to be when ranked as a top 10 prospect in the entire game. If anything, perhaps a glove-first utility option to support Arcia could make sense — someone in the mold of Freddy Galvis.

For a second consecutive offseason, the Brewers could explore the market for help behind the plate. Manny Pina regressed in most offensive respects in 2018, but to his credit, he improved substantially in terms of pitch framing, pitch blocking and halting stolen bases. Pina turned in a terrific defensive season but hit just .252/.307/.395. At present, he’s projected to pair with affable veteran Erik Kratz, who hit .236/.280/.355 while serving as a fan favorite and clubhouse leader. It’s a defensively sound pairing but one that also lacks much offensive upside. If the Brewers want to again try to pry a Marlins star out of Miami, they’d be a fairly natural landing spot for J.T. Realmuto, who’d bring a more well-rounded approach to the table. To date, there’s no real indication of how high a priority the club places on improving in this area, but there are quite a few other plausible targets floating around the market at different price points.

Turning to the pitching staff, Stearns and his lieutenants did well to prove that the public outcry for more rotation help last offseason was exaggerated. The Brewers will welcome Jimmy Nelson back to a starting staff that should feature a combination of Jhoulys Chacin, Chase Anderson, Zach Davies, Junior Guerra, Freddy Peralta, Brandon Woodruff and Corbin Burnes. It’s a quality mix of arms with some significant upside in the form of Nelson and Burnes. The standard adage that one can never have too much starting pitching always applies, and acquiring a clear top-of-the-rotation arm could allow the Brewers to deal from that depth to address other needs, but an impact starter is far more a luxury than a necessity for Milwaukee this winter. Milwaukee has often been mentioned as a possible landing spot for Sonny Gray, which would deepen that mix and add some potential upside to an already promising group. There’s also certainly an argument the Brewers should go bigger if they’re to make a move. The club has been connected to Noah Syndergaard, though that seems a remote possibility.

In the bullpen, the Brewers will return much of the unit that proved to be arguably the club’s greatest strength in 2018. Josh Hader, Corey Knebel and Jeremy Jeffress were an utterly dominant trio at the back of the Milwaukee ’pen for much of the season. The latter of that group may have worn down a bit in the postseason, but without the Herculean regular-season efforts of any of that threesome, the Brewers may not have been in the playoffs at all. They’ll likely be joined by veteran Matt Albers, Jacob Barnes and at least one of the rotation candidates who doesn’t end up winning a starting job this spring. But the Brewers could stand to strengthen an existing strength — particularly in the form of a left-handed reliever. Zach Britton and Andrew Miller are the top free agents out there, but Stearns hasn’t spent heavily on the ’pen in free agency since taking the reins in Milwaukee. The market has some bargain options and upside plays in the form of Oliver Perez, Zach Duke, Tyler Lyons and Jake Diekman, among others. An affordable southpaw option to pair with Hader, the resident late-inning juggernaut, would seem prudent.

Beyond filling out those needs, however, the Brewers face some surpluses with which to deal. The Brew Crew was happy to stockpile outfielders last season, knowing that players like Keon Broxton and Domingo Santana had minor league options remaining and could be shuttled back and forth from Triple-A to the Majors as needed. That won’t be the case next season, and with Yelich, Cain and Braun lined up in the outfield — Braun possesses a no-trade clause — the front office will have to make some tough decisions. Both Santana and Broxton are out of minor league options, making them obvious trade candidates this winter. Either could be used to help address the bullpen, infield or catching situations. With three and four years of club control left, respectively, neither is an extremely long-term asset, but they could very well still hold appeal to organizations such as the Indians, White Sox, and Giants that are in need of some outfield options.

It seems likely that Eric Thames will also see his name bandied about the rumor circuit this offseason. Jesus Aguilar’s ascension to primary first baseman and the outfield logjam have left Thames as something of an odd man out. It doesn’t help that the former KBO star took a step backward in his second season back in the Majors, hitting .219/.306/.478 in 278 plate appearances. Thames’ overall .237/.341/.504 slash in two seasons as a Brewer is still productive, though, and for a club seeking an affordable first base or corner outfield option (e.g. Twins, Rockies), the lefty slugger could be a reasonable target.

As MLBTR contributor Rob Huff noted in analyzing the Brewers’ payroll, the current roster construction leaves Milwaukee with around $15MM to spend — based on historically plausible payroll expectations in Milwaukee. However, moving someone such as Thames, Santana or Albers could create a bit of extra room. Beyond that, given a deep playoff run in 2018, perhaps owner Mark Attanasio will be content to push the envelope a bit further in terms of what he’ll spend on the 2019 roster.

Fortunately, the Brewers are lacking in a clear, glaring need. The rotation could be improved, but Nelson’s return and the emergence of Burnes, Peralta and Woodruff create a deep reservoir of arms from which to draw. Arcia showed signs of life at shortstop late in the season, and a short-term addition could bridge the second-base gap to Hiura. Neither Pina nor Kratz is a highly exciting option behind the dish, but it’s a sturdy enough pairing to support a young pitching staff. The bullpen’s top three spots are locked in, and some of the rotation mix figures to join the group.

None of that is to say that the Brewers don’t need to or won’t make some additions to bolster their chances in 2019. They assuredly will. But, rather than zero in on one specific area of need, Stearns and his staff can take a broad, value-based approach to looking at the best ways to improve the current collection of talent. That general tact has paid dividends (and produced surprises) over the past two seasons, so it’ll be interesting to see what the front office comes up with this time around.

Tigers Sign Matt Moore

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DECEMBER 4: The deal has now been announced.

NOVEMBER 27, 7:06pm: The guarantee is $2.5MM, Chris Cotillo of MassLive.com tweets. The contract also includes $1MM in potential incentives.

12:18pm: The Tigers and left-hander Matt Moore are in agreement on a one-year deal, reports Yahoo’s Jeff Passan (Twitter link). Mark Feinsand of MLB.com had indicated that the two sides were in talks just prior to that report (also via Twitter). Specific parameters aren’t clear, but Feinsand and Passan both suggest Moore would be looking at a guarantee in the range of $2-3MM. The deal is pending a physical. Moore is represented by Sosnick, Cobbe & Karon.

Matt Moore

Moore, still just 29, has struggled through a pair of awful seasons and would be a buy-low option for the Detroit rotation. Once considered the best pitching prospect in the game — Baseball America rated Bryce Harper, Moore and Mike Trout the game’s top three overall prospects prior to the 2012 season — Moore’s career came to a screeching halt in 2014 when he underwent Tommy John surgery.

To that point, Moore had amassed 347 big league innings with a 3.53 ERA, 8.8 K/9, 4.3 BB/9 and 0.9 HR/9 all before celebrating his 25th birthday. Moore struggled in his return from the ligament replacement procedure late in the 2015 campaign but gave some reason for optimism when he tossed a career-high 198 1/3 innings of 4.08 ERA ball in 2016. His velocity hadn’t quite returned to its peak levels but was on the upswing, and Moore looked to be on the path to reestablishing himself.

Unfortunately for both Moore and the Giants — who acquired him from the Rays midway through that solid 2016 campaign — the left-hander completely unraveled in 2017. Since Opening Day that season, he’s been clobbered for a 5.99 ERA in 276 1/3 innings of work. Moore has averaged 10.7 hits and 1.5 home runs per nine innings pitched during that time, and his strikeout rate has fallen sharply (7.5 K/9). Over the past two seasons, he ranks 123rd of 125 pitchers in ERA (min. 200 innings), 107th in FIP and 117th in xFIP.

Those struggles won’t matter much to the Tigers, who are hoping to catch lightning in a bottle with the once-vaunted left-hander. Moore will slide into the back of a rotation that will be devoid of any expectations. Michael Fulmer, Jordan Zimmermann, Matthew Boyd and Daniel Norris are the top candidates to join Moore in manager Ron Gardenhire’s rotation next year, though the Detroit organization has an extremely promising wave of starting pitching prospects on the horizon. Matt Manning, Franklin Perez, Beau Burrows and 2018 No. 1 overall draft pick Casey Mize are all rising through the ranks and could soon arrive to give the rebuilding Tigers some hope for years to come.

In the meantime, Detroit will turn to low-risk stopgaps like Moore (and, a year prior, Mike Fiers and Francisco Liriano) in hopes of extracting some quality innings at a reasonable price point. Should they succeed in this instance, Moore will quickly become a trade chip next June or July.

Mets Brass On Cano/Diaz Trade, Next Steps

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The Mets held a fascinating press conference today to introduce recent acquisitions Robinson Cano and Edwin Diaz — players who the organization clearly sees as major pieces of the club’s next winning roster. MLB.com’s Anthony DiComo was among the reporters to cover the festivities; all links below are to his Twitter feed unless otherwise noted.

New Mets GM Brodie Van Wagenen offered soaring thoughts on the occasion of his first major move with the club. “I stated that this organization intended to be relentless and fearless in the pursuit of greatness,” he said. “This trade should be a signal to our fans that words alone will not define our franchise.”

Getting a deal done was spurred not only by the team’s own direct interest, but also by a desire to land Diaz before the Phillies could do so. COO Jeff Wilpon indicated the presence of the division rivals in the bidding helped drive the talks. The Phillies ultimately balked at including their best young pitching in a deal for Diaz, Ken Rosenthal of The Athletic reports (subscription link). Ultimately, they struck a separate deal for shortstop Jean Segura.

Van Wagenen explained further that an “all-consuming” push over the past ten days or so led to a deal. Though Mariners GM Jerry Dipoto had said he was “inclined to hold onto Diaz” and “told us no a number of times,” the Mets “kept staying on it, kept trying to be aggressive on it” and ultimately made a match after batting around numerous deal possibilities.

Unsurprisingly, the addition of an aging but still-excellent player in Cano and a top-shelf young closer in Diaz seem to portend yet more acquisitions. As Van Wagenen put it, the Mets “did not make this move to be our last move.” Wilpon went into further detail, offering up some internal perspective on the club’s status. The team’s own analytical staff see this move as taking the club from an 83 to 84 win team to one that is a true-talent, upper-eighties outfit. With “a couple more things,” he suggested, “maybe we can be 90-plus.”

As ever, payroll remains a factor. This deal is cash-neutral for the 2019 season, though it does add future dollars. And as ever, there’s an opportunity cost — in this case, long-term spending capacity and the loss of young talent. But the Mets evidently feel they can continue to boost their competitiveness.

Wilpon chatted about the Mets’ financials, explaining that the ongoing efforts to work out a settlement on the insurance coverage for David Wright will hopefully soon result in a deal. Even if the funds won’t come in a lump sum, “some of that will go back to payroll.” Meanwhile, though the coverage on outfielder Yoenis Cespedes is said to be a “little bit less” than the 75% coverage the Mets have on Wright’s salary, there could be some funds flowing back for his absence as well.

It’s still not clear how high the Mets will go in an Opening Day payroll. The club has yet to crack the $155MM barrier to start a season, though even that mark would seem to leave room to spend. Of course, there are still quite a few obvious needs on the roster — as we covered in breaking down the Mets’ offseason outlook. Most notably, the club has a variety of bullpen openings to account for and could still pursue upgrades in the outfield, behind the dish, and perhaps also in the infield mix.

One possibility that has popped up on the rumor mill in recent weeks is a trade involving starter Noah Syndergaard, presumably with intentions of adding multiple youthful assets who could join a still-developing core. The early explorations evidently have not shown promise of resulting in a deal, however, as the Mets now say they are strongly leaning against moving Thor. Per Van Wagenen, only under  “very special circumstances” would he “even consider” trading a pitcher who, at his best, is among the top hurlers in all of baseball.

Needless to say, there’s tons to digest from this presser. Taken in conjunction with the trade itself, it sets up the Mets for a fascinating upcoming trip to Vegas for the Winter Meetings.

Kelvin Herrera Making Progress In Return From Lisfranc Surgery

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9:39am: Herrera has evidently taken a few more steps in the right direction, as he has now posted another video to Twitter in which he’s throwing lightly from his pitching motion.

9:25am: Former Royals and Nationals righty Kelvin Herrera had seemed primed to enter this winter’s market as one of the top relief assets, but his 2018 season came to a premature end when he suffered a torn Lisfranc ligament in his left foot that ultimately required surgery. Herrera remains a fascinating part of the relief picture, particularly since, as Rob Bradord of WEEI.com writes, he’s showing progress in his effort to return to the field.

Herrera’s timeline is still not certain, as he’s still clearing hurdles. But there’s a path open by which he could be ready for the start of the 2019 season, per Bradford, even if the smart money perhaps remains on a more conservative schedule. Notably, Herrera could enter the new year ready to participate in baseball activities — if he gets a thumbs-up in an upcoming medical check-up and is able to continue progressing in the meantime.

To this point, Herrera is only capable of light jogging. As he has documented on his Twitter account, though, he has already moved from this to this over the past six weeks — which highlights both the seriousness of the injury and the real strides he has already made.

There’s quite a lot left to learn over the coming weeks, clearly. In addition to the questions of physical progress themselves, Herrera’s own intentions aren’t yet known. The hurler will not turn 29 until New Year’s Eve and obviously possesses an impressive track record on the mound. That leaves him with some possibilities.

In terms of a contract, it feels likely that Herrera will look for a pillow deal rather than trying for multiple years — though perhaps that latter scenario cannot be ruled out entirely. MLBTR pegged Herrera to land a one-year, $8MM deal on the open market. It seems reasonable to expect that his contract would also include some other elements, with the recent deal inked by Tommy John rehabber Trevor Rosenthal serving as a potential model.

The Rosenthal situation offers some other potential similarities but also some important distinctions. He, too, is a still-youthful flamethrower (albeit a less consistent performer) who’s coming back from major surgery. Rosenthal had work done to his arm, which could conceivably be more concerning — though Herrera’s much more exotic injury (for a pitcher) is perhaps a greater unknown. In his case, though, he was able to throw for scouts and show that he was more or less back to full health, with his full velocity and arsenal of pitches nearly at hand.

For Herrera, waiting to take the hill to show his stuff to scouts would present some risks and possible rewards. The downside scenario would be one in which Herrera really isn’t at full speed and teams have already spent up much of their available payroll. But the upside is that he’d represent something of a late-breaking addition to the market who could spark a spring bidding war.

No doubt Herrera’s reps are weighing all the options and engaging with clubs in some preliminary chatter. And it’s notable that, as Bradford writes, there’s a real possibility that this winter’s market for relievers could develop over a broad timeline. With a fair number of matches yet to be made, and little in the way of clear matches, Herrera could increasingly be a factor as the puzzle takes shape. The Red Sox are at least a hypothetical suitor, Bradford notes, given the “industry speculation” that the organization will be “waiting out the relieving market” this winter. Other clubs, certainly, could take a similar approach.

Projecting Payrolls: San Francisco Giants

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With the Winter Meetings set to kick off next weekend, we’re moving to the tenth installment of this series. Here are links to the previous team payroll projections:

Philadelphia Phillies
Los Angeles Dodgers
Los Angeles Angels
Atlanta Braves
New York Yankees
Chicago White Sox
Boston Red Sox
Minnesota Twins
Milwaukee Brewers

If you have questions about financial information made available to the public and the assumptions used in this series, please refer to the Phillies piece linked above.

Today, we look into a club whose on-the-fly re-stocking in 2018 largely backfired, keeping them out of the playoffs for the second consecutive season for the first time since 2009: the San Francisco Giants.

Team Leadership

Unlike many of the teams that we have examined in this series, the Giants’ ownership structure is highly diversified and somewhat secretive. 2008 began with Peter Magowan’s 15th year as managing general partner of the club. Magowan began the year in turmoil in the aftermath of the Mitchell Report and ended the year having transitioned his management role to Bill Neukom. Neukom ran the show only until 2011 at which time Charles B. Johnson became the plurality member in the LLC that owns the ball club. Johnson reportedly owns approximately 25 percent of the team as part of a group of approximately 29 co-owners.

Despite the complicated ownership structure, the front office enjoyed tremendous continuity. Brian Sabean ascended to the role of general manager in 1997 and held that job through the 2014 season before climbing to Executive Vice President of Baseball Operations, with Bobby Evans handling day-to-day operations starting in 2015. No more. Sabean was reassigned out of Baseball Operations following the 2018 season, at which time Evans was fired.

The executive tasked with re-imagining the San Francisco front office? Former Dodgers general manager Farhan Zaidi. Zaidi spent a decade in the Bay Area with Oakland before spending the last four years in Los Angeles. As the new President of Baseball Operations, Zaidi will oversee the first major transition in San Francisco’s baseball management in two decades.

Historical Payrolls

Before hitting the numbers, please recall that we use data from Cot’s Baseball Contracts, we’ll use average annual value (“AAV”) on historical deals but actual cash for 2019 and beyond, and deferrals will be reflected where appropriate. And, of course, the value of examining historical payrolls is twofold: they show us either what type of payroll a team’s market can support or how significantly a given ownership group is willing to spend. In the most useful cases, they show us both. We’ll focus on a 15-year span for the Giants, covering 2005-18 for historical data as a means to understanding year 15: 2019. For the Giants, this time frame covers a period of rebuilding that ultimately fueled three World Series winners. We’ll also use Opening Day payrolls as those better approximate expected spending by ownership.

Those payrolls were remarkably stagnant through 2010 before taking a leap in 2011 that became an annual tradition throughout much of the years that followed.

During this period of increased spending, the Giants did reach luxury taxpayer status for the first time in 2015, remaining there for each of the next two seasons before resetting their status in 2018 by falling under the threshold. The team paid just $8.8 million in aggregate luxury tax payments over those three seasons, so the tax hasn’t substantially impacted team spending over our time frame.

While Major League spending has increased dramatically over the time period above, the Giants haven’t allocated substantial resources to international amateur bonuses. It seems as though the cash increases were focused nearly exclusively on the Major League roster that made regular trips to late October throughout this decade.

Future Liabilities

Get ready for lots of big numbers for multiple years.

The big-money, long-term commitments are staggering.

Cueto, owed $71 million over the next three years presuming that the Giants buy out his 2022 option, was a star during his debut season with San Francisco in 2016, producing 5.5 WAR in leading the team’s rotation as they made their most recent playoff trip. Cueto’s 2017 season was marred by numerous injuries, including the dreaded forearm strain that served as a precursor to a nightmarish 2018 spent largely on the disabled list before he underwent Tommy John surgery last August. As a result, the Giants likely expect little to nothing from him again in 2019.

Like Cueto, Posey underwent a significant operation in August. Unlike Cueto, Posey has produced at a consistently elite level throughout the course of his contract, until this year’s career-worst 106 wRC+. While Posey’s hip operation figures to hamper his efforts to prepare for the season, he should be ready around Opening Day.

Samardzija was solid during his first year in San Francisco before a strong second year in 2017. Unfortunately, the remarkably durable righty finally succumbed to the injury bug, losing most of 2018 to a shoulder injury that lingered into the start of the offseason. With only two years left on his deal, it’s possible that the Giants have received as much value as they’ll be getting from that contract.

The next two players are both longtime Giants who played key roles on championship teams but have settled into roles as solid regulars instead of impact stars. Both Belt and Crawford are young and talented enough to rebound in 2019, but neither contract represents excellent value, especially Belt’s as the first base market has largely collapsed since he signed his extension.

The next two contracts look bad. Really bad. Melancon arrived in San Francisco to shore up the back of a wobbly bullpen. However, bouts with forearm injuries have limited his chance to make an impact. When he has pitched, he’s been solid but certainly nothing close to what the Giants expected from him given his contract. Longoria appears headed down a startlingly similar path, struggling mightily in his first season since arriving from Tampa Bay via trade. At 33, Longoria faces long odds to reattain star status, but the Giants would likely be happy if he returned to being a solid regular for at least a few more years.

We’ll skip to Watson for a moment. The veteran lefty structured his contract in such a way that the Giants stayed just under the luxury tax threshold, and he rewarded the team by delivering the finest season of his career in 2018, despite an across-the-board drop in velocity.

Now for the skipped contract: Bumgarner. The longtime ace and World Series hero finds himself at a crossroads that would have been inconceivable two years ago. Bumgarner made at least 31 starts each year from 2010-16, but an April 2017 shoulder injury suffered in a dirt bike accident, perhaps combined with years of significant usage, has changed his trajectory going forward. The Giants are willing to listen on their ace as he heads toward free agency next year.

In the aggregate, San Francisco is as committed to their current roster as any team in the league. Overhauling the roster would require a bevy of big-salary moves from Zaidi.

Given this amount of guaranteed money, it is perhaps unsurprising that the Giants have very little in the way of arbitration-eligible talent. After they said goodbye to Hunter Strickland and Gorkys Hernandez, key reliever Will Smith is, incredibly, the only arbitration-eligible Giant who hasn’t already agreed to terms with the club. Here are their arbitration projections, noting that both Sam Dyson and Joe Panik have already come in at salaries south of those projected by MLBTR and Matt Swartz:

While Smith missed all of 2017, he returned in 2018 and filled the role of bullpen ace that Giants leadership hoped to see Melancon fill.

What Does Team Leadership Have to Say?

Very little regarding the specifics of the 2019 payroll. Given their recent payroll push into the baseball stratosphere of spending, the Giants are largely expected to maintain a significant payroll next year. While Zaidi has hinted at something of a mini-rebuild — perhaps including a Bumgarner trade — there’s no indication from management or ownership that payroll will plummet.

Kerry Crowley of The Mercury News expects payroll to stay in line with that of current years, coming in shy of the luxury tax line but among the top figures in the league.

Are the Giants a Player for Bryce Harper or Manny Machado?

Probably. It’s a bit tougher to see a Machado fit given that the Giants would likely have a whale of a time trying to move Crawford or Longoria right now. But Harper makes plenty of sense for a team in need of youth, power, and an influx of talent. He certainly checks all three boxes. As a kid from Nevada, it’s likely that the Giants at least get a chance to pitch the young slugger on the benefit of playing on the West Coast.

What Will the 2019 Payroll Be?

The Giants are much tougher to peg than most other teams given the relative silence of their front office and the equally likely possibilities that they rebuild on the fly or go for a return to glory in 2019.

Entering the next phase of the offseason, the Giants hold a payroll of $156.0 million, $162.8 million for luxury tax purposes.

If the Giants can get Harper to commit to the team, I expect that his commitment will be accompanied by ownership’s commitment to enter taxpayer territory for the next two or three years in order to field a viable winner. It’s going to take additional cash to get there.

If Harper doesn’t come to town, expect to see the team remain under the tax line, albeit arriving close to that figure. With the tax threshold at $206 million and somewhere north of $13 million counting for player benefits, the Giants figure to want that tax payroll to come in around $190 million to leave them with a bit of wiggle room.

Projected 2019 Payroll: $185 million cash ($204 million for luxury tax)

Projected 2019 Payroll Space: $29 million

Pitching Notes: Eovaldi, Corbin, Kluber/Bauer, Soria, Holland

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If there was any doubt as to the Red Sox’ desire to bring back Nathan Eovaldi after his strong run with the club late in 2018, president of baseball operations Dave Dombrowski put it to rest in comments today. As Chris Cotillo of MassLive.com was among those to report, Dombrowski confirmed that the organization has been engaged with Eovaldi’s camp this winter — though he also cautioned that “there’s a lot of interest” in the righty leaguewide. How far the Sox will go in the bidding remains to be seen, but Dombrowski said that Eovaldi is “a guy that we love.” With only a few major needs to be accounted for, the defending World Series champs seem a prime potential landing spot — as we predicted at the outset of the offseason.

  • The Padres also have interest in Eovaldi, per Dennis Lin of The Athletic (via Twitter). It has long been rumored that the San Diego club would hunt for starting pitching this winter, but the injury-prone, high-octane 28-year-old would make for a particularly interesting target. After all, numerous big spenders (see above) are in the fray. For the budget-conscious Friars, beating the market for Eovaldi would surely mean taking on a rather significant risk. Perhaps that’s part of a more general strategy for a team that has plenty of interesting arms filtering through the system and is looking to move toward contention now while adding players who’ll contribute for some time to come. The San Diego franchise has also kicked around trade concepts with the Mets on Noah Syndergaard and, as Lin notes, already agreed to a hefty two-year pact with Garrett Richards in hopes he’ll recover and turn in a strong 2020 campaign.
  • Even as Eovaldi draws plenty of interest it seems the early market will be driven by Patrick Corbin, the excellent lefty who just completed a tour of several big-spending east-coast clubs. The Nationals, Yankees, and Phillies still profile as the likeliest landing spots, Jon Heyman of Fancred tweets, though he notes that other teams are still in the mix. A decision, in any event, still seems to come sooner than later. Yankees GM Brian Cashman made clear that his organization is a serious pursuer of a hurler with deep ties to the region in an interview this evening with Jack Curry of the YES Network (write-up via MLB.com’s Bryan Hoch). “We’re doing everything in our power to put ourselves in position to be a legitimate consideration,” says Cashman, who calls Corbin “a special talent.” This sort of public endorsement obviously won’t decide the matter, but it surely indicates that the Yankees are engaged in a full press.
  • The trade side of the starting pitching market remains somewhat more difficult to assess at this stage, but the Indians still seem to be driving the bus (at least unless and until we learn more about the seriousness of the Mets’ intentions regarding Syndergaard). MLB.com’s Jon Morosi suggests on Twitter that the Cleveland org will likely wait until there has been some movement at the upper levels of free agency before moving Corey Kluber or Trevor Bauer, though it’s not entirely clear why that’d necessarily be the case. At the moment, Morosi adds in a subsequent tweet, the Braves are not actively engaged on either hurler. Of course, it’d likely be unwise to rule out the Atlanta club at this stage, given its assortment of intriguing young talent and desire to add a frontline rotation piece.
  • Veteran reliever Joakim Soria is drawing interest from at least a handful of clubs at this early stage of the free agent market, MLB.com’s Jesse Sanchez tweets. The Diamondbacks, Angels, Yankees, Braves, and Reds are all involved to some extent, per the report, representing an interesting slate of organizations. While the New York and Atlanta clubs are clearly in position to add veteran talent in a bid to repeat their postseason appearances from 2018, the other teams listed by Chavez are in somewhat less-certain positions in respect to the open market. The Los Angeles and Cincinnati ballclubs are surely interested in spending to contend, but will need to choose their targets wisely. Meanwhile, Arizona is exploring sell-side deals while also trying to achieve value with new investments. That Soria appeals to all of these teams seems to suggest that the league believes the 34-year-old has plenty left in the tank. And for good reason: he just wrapped up a campaign in which he spun 60 2/3 innings of 3.12 ERA ball, with a healthy 11.1 K/9 and 2.4 BB/9 along with a personal-best 14.4% swinging-strike rate.
  • Free agent southpaw Derek Holland is drawing multi-year interest, per Henry Schulman of the San Francisco Chronicle (via Twitter). It’s all but impossible to gauge his true market at this stage, with some bigger dominoes still to fall, but it stands to reason that he’d make some degree of sense for a fairly broad group of clubs. At the outset of this year’s hot stove market, we guessed Holland could warrant a two-year, $15MM commitment. Though there are obvious limits to his value at 32 years of age, Holland did finally break out of a multi-year malaise with a strong 2018 campaign in which he contributed 171 1/3 frames and worked to a 3.57 ERA — his first full season of sub-4.00 ball since way back in 2013.

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