Reds Agree To Three-Year Deal With Raisel Iglesias
NOVEMBER 27: Iglesias will receive a $6MM salary in 2019, followed by $9MM and $9.125MM paydays, per Jon Heyman of Fancred (via Twitter).
NOVEMBER 21: The Reds announced today that they have agreed to a three-year deal with closer Raisel Iglesias. It will promise him $24.125MM, per MLB.com’s Mark Feinsand (via Twitter), but won’t expand the team’s control rights.
This is a fairly unusual contract agreement; though we have seen an increasing number of multi-year, arbitration-only deals, they are typically of shorter duration and in some cases give the team additional option years. In this case, though, Iglesias was playing under an unusual contract in the first place, having signed a deal that would no longer be permitted under MLB’s international rules.
Under his original contract, Iglesias had the right to exit the guaranteed portion of the deal and enter arbitration. He elected not to do so last year, but still had the right to turn down the $5MM payday he already had in hand for 2019.* Whether or not he’d have done so is not clear, but perhaps he’d have rolled the dice on boosting his salary both now and in the future. Certainly, barring a disastrous intervening campaign, it was highly likely he’d have elected to test the arb process in 2020.
Where things get confusing with this deal is the 2021 campaign, the final year covered. Under his original contract, which runs only through 2020, he did not obtain the right to elect free agency early. Accordingly, he’d already have been controlled through 2021 regardless of today’s extension. That distinguishes it in a critical way from, say, the recent extensions secured by Brad Hand (link) and Felipe Vazquez (link).
In other words, this deal is all about resolving the salary uncertainty and fixing a price tag for Iglesias. The Reds will lock into a new payday to shave off some of the earning upside for Iglesias. Instead of the $10MM total he was promised over the 2019 and 2020 seasons, with the upside to earn more in those years and in particular in 2021, Iglesias will now secure an additional $14.125MM in guaranteed money. It’s certainly possible he could have earned more than that through arbitration, with good health and continued saves tallies, particularly if he had opted into arbitration this season and secured a big new starting point.
As part and parcel of the financial maneuvering, this move represents an indication that the Reds expect Iglesias not only to remain a productive reliever, but also to hold down the closer’s role. Saves, after all, are a key driver of reliever earnings in arbitration. Of course, it’s also still possible he’ll be shipped out to another organization, but this contract may also be intended in part as a commitment to a core player.
Iglesias, who’ll turn 29 before the start of the 2019 campaign, showed quite a bit of promise as a starter in his debut season of 2015. For reasons that remain somewhat unclear, he was bumped into the bullpen in the ensuing season and ultimately slid into the ninth inning. Iglesias has since mostly functioned as a traditional closer, with occasional multi-inning appearances but not enough to stand out.
Though it’s tantalizing to think of what might have been, Iglesias has thrived as a reliever. In 163 total appearances from the pen, he has compiled 201 innings of 2.42 ERA ball with 10.2 K/9 and 3.2 BB/9, picking up 64 saves along the way. He sits in the 96 mph range with his average fastball and still leans on both a change and curve. Iglesias has been utterly dominant against righties and solid-enough against left-handed hitters; in the aggregate he’s among the game’s more effective relievers.
*The original version of this post mistakenly stated that Iglesias had decided not to opt out of his 2019 guaranteed salary. In fact, he had only previously decided against doing so in 2018.
Brewers Avoid Arbitration With Erik Kratz
The Brewers announced today that they have avoided arbitration with catcher Erik Kratz. The deal promises him $300K and provides a $1.2MM salary in the majors, per Jon Heyman of Fancred (via Twitter).
Kratz had been projected by MLBTR and contributor Matt Swartz to earn $1.7MM through the arbitration process. The team understandably wasn’t interested in paying quite that amount, so instead worked out an agreement that will provide Kratz more certainty than the standard arb contract (which promises only thirty days of salary as a starting point) but will limit what he can earn if he sticks on the MLB roster.
The 38-year-old Kratz did not even touch the majors until he was already in his age-30 season. He has now appeared in nine-consecutive MLB campaigns, though he also hasn’t generally commanded much of an opportunity to play.
It came somewhat out of the blue, then, when the Brewers acquired Kratz in the middle of the 2018 campaign and installed him as a not-infrequently-used backup. He ended up striding to the plate 219 times, one more than his previous season high (2013, with the Phillies).
Certainly, the results on offense weren’t much different than might have been expected. Kratz produced a meager .236/.280/.355 slash, which maps to a 70 wRC+ — only marginally better than his career 65 wRC+.
Of course, there’s quite a bit more than hitting to the job of a reserve catcher. Kratz excelled at framing pitches and smothering balls in the dirt, while also drawing plaudits from the Milwaukee organization for his game calling, work ethic, and clubhouse presence.
Clearly, the club valued what he brought to the table. After seeing MLB action with seven teams, then, it seems Kratz has found something of a home. Whether he’ll open the season on the active roster, and if so whether he’ll last, remains to be seen. But it’s still a continuation of a great story for a respected veteran grinder.
MLB Announces Gaming Partnership With MGM
Major League Baseball has announced a partnership agreement with MGM Resorts International. Among other things, the agreement makes MGM the “Official Gaming Partner of MLB.”
It’s unsurprising, but still quite notable, that the league appears to be embracing fully the onset of widespread legal gambling. There’s an immense amount of money to be made, after all, and MLB is sure to make more of it by participating without reservation. Daily fantasy sports may well prove only to have been a starter dish.
Some kind of engagement was inevitable when the Supreme Court opened the door to states to legalize gambling back in May. At the time, the league said its “most important priority is protecting the integrity of our games.” That topic is mentioned again in the MLB-MGM press release, though specifics remain unknown.
What is clear now is that MLB will jump into the exploding gambling market with both feet. MGM is set to “domestically promote its brand and gaming options across MLB’s digital and broadcast platforms,” with the sides also expressing an intention to seek “additional fan engagement offerings to be jointly developed.” It seems we can safely anticipate a high-visibility marketing campaign in the coming season.
Beyond that, MLB will allow MGM non-exclusive access to its statistics feed as well as an exclusive right to plug into “enhanced statistics.” Just what that means is anyone’s guess, but we probably oughtn’t be surprised to see prop bets on Statcast feats.
If you think that sort of thing sounds wild, gird yourself. Commissioner Rob Manfred emphasized today that the pacing of a baseball game allows for “an opportunity to be creative with respect to the types of wagers” that can be facilitated in the midst of a game, as ESPN.com’s Darren Rovell tweets.
Full details obviously remain unknown, and the league is sure to remain mindful of some potential pitfalls (especially given the game’s history with gambling). In the aggregate, though, it seems the initial approach is one of expansive engagement, not of wary first steps. Needless to say, it’s a brave new world for baseball.
Chris Archer Undergoes Procedure To Repair Hernia
Pirates righty Chris Archer has undergone a procedure to repair a bilateral hernia, the club announced. He’s expected to require approximately six weeks to recover.
The surgery does not appear to represent any kind of threat to Archer’s ability to contribute to the Bucs in 2019. The club says it’s “anticipated” that he’ll “be on or close to a regular schedule for the 2019 season.”
Presumably, the organization cautious phrasing is mostly designed to avoid over-promising. But it also hints at the realities of recovering from a core muscle procedure, which isn’t sure to be straightforward. No doubt the organization will be conservative in bringing Archer along this spring.
Expectations remain high for Archer, who came over in a surprising trade deadline swap. Though he continues to turn in sparkling peripherals, Archer has also not posted a sub-4.00 ERA season in any of the past three years. Reversing that run of disappointment will certainly require good health.
It has thus far been a fairly eventful offseason for a Pirates team that will try to contend but likely won’t spend big to do so. They sent fellow starter Joe Musgrove out for his own abdominal procedure about a month ago. Meanwhile, the club has (true to character) pursued a few low-cost means of unearthing value, inking Jung Ho Kang and Lonnie Chisenhall to affordable, one-year pacts.
Projecting Payrolls: Minnesota Twins
As we kick off the eighth 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
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 examine a club in one of baseball’s worst divisions that is nonetheless seemingly far from contention: the Minnesota Twins.
Team Leadership
Despite rumored relocation and contraction in the 1990s and early 2000s, Twins ownership has been impressively stable. Banker Carl Pohlad purchased the team in 1984, passing it to his children upon his death in 2009. Pohlad’s son, Jim, succeeded his father as Chairman of the ballclub and the public face of the franchise. With the sparkling Target Field opening in 2010, it appears as though the team is married to the Pohlads and the Twin Cities for the foreseeable future.
The front office is headed by general manager Thad Levine, hired from the Texas Rangers following the 2016 season to resuscitate the Minnesota franchise after over a decade as assistant general manager in Texas. The front office also brought in Derek Falvey as chief baseball officer contemporaneously with Levine. With two years on the job and despite a surprise run to the American League Wild Card Game in 2017, Levine and Falvey have primarily focused on clearing the financial books to rebuild the roster in their image moving forward.
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 Twins, covering 2005-18 for historical data as a means to understanding year 15: 2019. We’ll also use Opening Day payrolls as those better approximate expected spending by ownership.
The Twins spent a franchise record on payroll in 2018 and it wasn’t particularly close to the previous high water mark in 2011.
Spending under Carl Pohlad was consistently among the lowest in the league. When his children took over and the club moved into Target Field, spending immediately increased in a meaningful way prior to a mini-rebuild in 2013-14. The days of Minnesota spending alongside the likes of Oakland and Tampa Bay appear to be a thing of the past.
While the Twins have never come particularly close to the luxury tax threshold, the team has made some major endeavors into the international amateur marketplace…and not just in Latin America. The franchise’s marquee amateur signing was that of Miguel Sano, whose $3.15 million bonus in 2009 set a record for a foreign amateur at the time. The franchise’s wide vision also led them to give outfielder Max Kepler an $800,000 bonus out of Germany in the same 2009 class. That said, the Twins weren’t one of the clubs that blew past the league-imposed soft spending limits for international amateurs or North American draftees.
Not included above: a $12.85 million posting fee to negotiate with Korean first baseman Byung-ho Park prior to the 2016 season. More on Park below.
Future Liabilities
This is quite possibly the funniest chart of any team in the series: the Twins have $0 guaranteed on their books beyond 2019.
This chart would have included $3 million in 2019 and $500,000 in 2020 for Park, but the Korean first baseman elected to forgo his guaranteed salaries in exchange for an outright release that permitted him to return to the Nexen Heroes for the 2018 season.
With Park out of the picture and buyouts paid to Santana and Morrison, the Twins find themselves only with the contract-year commitments to Reed, Castro, and Pineda as well as the final payment due to San Diego for Hughes.
Reed came to Minnesota as a closing candidate in his late-20s, but imploded in his debut season with the team, showing velocity decreases of nearly 1.5 miles per hour on both his fastball and his slider, a big drop in strikeout rate, a huge uptick in homer rate, and an upper arm injury. The Twins can take solace in the facts that Reed has long succeeded in Major League bullpens and that his injury was apparently to his biceps instead of his elbow or shoulder.
Castro has enjoyed a nice career with a slightly below-average bat complementing elite framing, but a meniscus injury wiped out most of his 2018. With Mitch Garver and Willians Astudillo providing more interesting options as the club continues to rebuild, it’s possible that Castro could find it tough to come by plate appearances in 2019.
Pineda was paid in 2018 to rehabilitate following Tommy John surgery in the hopes that he would prove to be a bargain in 2019. In late August, 13 months removed from his operation, Pineda suffered a torn meniscus, derailing a September Twins debut. He figures to be ready for Spring Training.
While the guarantees are rather ho-hum, there is plenty of organizational intrigue to be found in the arbitration-eligible ranks. Here are their arbitration projections (salary projections by MLBTR and Matt Swartz):
Odorizzi and Gibson both enjoyed strong 2018s on the heels of disappointing 2017 campaigns. Should either or both succeed again in early 2019, Minnesota will likely find themselves with a difficult decision to make: extend or trade. While the team should plausibly be able to fill one 2020 rotation spot between Triple-A southpaws Stephen Gonsalves and Lewis Thorpe, they will need significant depth behind Jose Berrios to contend in what could be a wide-open American League Central.
Cron was a shrewd pickup from the cost-shaving Rays and figures to replace icon Joe Mauer‘s production at first base for a small fraction of the financial cost. Rosario offers a similar power-first, minus-defense profile, albeit from left field. Kepler offers a solid mix of power and defense, but his on-base skills have limited his overall effectiveness to date. Improved on-base ability would propel Kepler to be a plus regular.
Speaking of plus regulars, as recently as this time last year, the Twins surely thought that they had two of them on their hands in the forms of Sano and Buxton. Despite missing 94 games between 2016-17, Sano blasted 53 Major League homers over those two years at 23 and 24. Buxton, just 22 and 23 in 2016-17, had seemingly established himself as a below-average offensive performer with loud tools who was nevertheless an impact player on the strength of elite speed and defense in center field. Then both players imploded in 2018, combining to post -0.4 WAR while Buxton spent more time at Triple-A than in the Majors (due in part, controversially, to service time concerns). Moving forward, the team will need big rebounds from both young stars.
Rogers sizzled in 2018, pitching well versus right-handed batters and positively stifling lefties to the tune of a 1.39 FIP. He figures to be an important bullpen piece in his age-28 season this year.
It seems as though it has been many years since May, a former top-100 prospect, shined in the Minnesota rotation. Alas, it was just 2015 that May pitched to a 3.25 FIP over 114 2/3 innings, emerging as a potential key piece for the Twins. Then, the injury bug derailed his career in a significant way, first via a stress fracture in his back and then with Tommy John surgery. Finally returning to Major League action on July 31, 2018, May threw 25 1/3 splendid innings while striking out nearly 13 batters per nine innings. A healthy May will be an asset at the back of the Twins’ bullpen.
Finally, Grossman and Adrianza appear to be non-tender candidates.
What Does Team Leadership Have to Say?
In projecting the 2019 payroll as the 2018 season wrapped up, Pohlad acknowledged that the club possessed significant payroll flexibility but countered that “I don’t know if you can ever go out in the offseason and sign a face-of-the-franchise player,” following up with an acknowledgment that “everyone knows my aversion to long commitments. Most often, they do not turn out to be successful, in terms of getting your return on them.” Levine seemed to admit that the Twins don’t expect big-time free agents to target Minnesota as a possible landing spot, commenting that while the team planned to pursue important free agents, “whether or not they’d actually want to come here would be yet to be determined.” Falvey seemingly drove the point home, arguing that “we know that free agency can be a risky place to spend a lot of time.”
While the front office is seemingly willing to take on salary to improve, it doesn’t look like paying top-of-the-market prices for premium talent is going to be a big part of team building in the Twin Cities this winter.
Are the Twins a Player for Bryce Harper or Manny Machado?
Given the comments from Pohlad, Levine, and Falvey, and considering the Twins’ market, it’s difficult to envision a scenario in which Minnesota is a finalist for either player. Still, if management was being coy or considers one of them an exception, the Twins do currently have the payroll space to accommodate a huge salary. A monster contract has the potential to hamstring the franchise in the future, however, making them an extreme long shot for Harper or Machado.
What Will the 2019 Payroll Be?
Unlike the Red Sox in the previous piece, the luxury tax will not be a factor for the Twins.
After seeing his club finish at 78-84 in 2018 and examining the roster in place, it’s tough to imagine Pohlad sinking a significant payroll increase into this team. However, such an increase isn’t required to make a couple of big additions given the dearth of committed payroll at this juncture in the offseason.
Assuming that Grossman and Adrianza are non-tendered — far from a sure thing — the Twins would enter the offseason with just $76.9 million committed to the roster, approximately 41.5 percent of which will expire at the end of the season in the form of payments for Reed, Castro, Pineda, Hughes, Santana, and Morrison ($31.95 million).
Put bluntly, while ownership and management sometimes wax poetic to the media regarding the state of their franchise, the Twins genuinely have a ton of payroll flexibility both now and into the future.
While I doubt that Levine will get north of $130 million with which to work, I could see Pohlad authorizing a payroll that is nearly on par with the one he authorized in 2018.
Projected 2019 Payroll: $125 million
Projected 2019 Payroll Space: $48.1 million
MLBTR Chat Transcript
Click here to read a transcript of Tuesday’s chat with MLBTR’s Steve Adams.
Arbitration Breakdown: Trevor Bauer
Over the last few days, I have been discussing some of the higher profile upcoming arbitration cases. I rely partly on my arbitration model developed exclusively for MLB Trade Rumors, but will also break out some interesting comparables and determine where the model might be wrong. 2019 arbitration projections are available right here.
Trevor Bauer enters his third year of arbitration following a career year, in which he had a 2.21 ERA and struck out 221 hitters in 175 1/3 innings. Although he only recorded 12 wins and started 27 games, Bauer is still projected for a sizable $5.075MM raise to propel him from $6.525MM in 2018 to $11.6MM in salary for the 2019 season.
Bauer’s season is somewhat tricky in that his ERA is extremely low and quite rare for an arbitration-eligible pitcher in his service class. However, he also didn’t throw many innings compared to the few pitchers in this class who posted similarly low ERAs. Among pitchers in his service class over the past five years, Max Scherzer and Jeff Samardzija both had ERAs just below 3.00. However, with 214 1/3 and 219 2/3 innings, respectively, they had considerably larger workloads. Scherzer won 21 games en route to a Cy Young back in 2013, so that netted him a service-class record $8.8MM raise. Samardzija got a $4.46MM raise — lower than Bauer’s projected raise — but he also only won seven games back in 2014. As such, it makes sense that Bauer would be projected for a larger raise. Clayton Kershaw actually had an ERA of 1.83 going into his third year of arbitration, but he signed a multi-year deal and is probably not a relevant comp for that reason.
The most relevant may be Doug Fister in 2015, who had a 16-6 record (four more wins than Bauer at 12-6) and a 2.41 ERA (similar to Bauer’s 2.21). Importantly, Fister’s 164 innings from that season are only 11 1/3 fewer than Bauer threw in 2018. That was four years ago, and it was good for a $4.2MM raise. The big advantage that Bauer has over Fister is that he struck out more than twice as many hitters. Fister fanned a mere 98 batters, while Bauer recorded a third strike against a whopping 221 hitters. It seems like this should make Fister’s raise a floor, although the four fewer wins could prove important. Still, I think the $5.075MM raise my model projects for Bauer is a defensible one.
If we step away from ERA to find reasonable comparables other than Fister, we find a couple interesting starters who recently had 200-plus strikeouts in fewer than 200 innings. Tyson Ross got a $4.38MM raise in 2016 after a 10-12 season with a 3.26 ERA, in which he whiffed 212 men in 196 frames. Michael Pineda racked up 207 strikeouts in 175 2/3 innings the following season, though he only received a $3.1MM raise thanks to an ugly 6-12 record and decidedly sub-par 4.82 ERA. Ross is the more logical comp, but with Bauer producing an ERA a full run lower, he should land north of Ross’ raise.
Jake Arrieta is another somewhat interesting and relevant comp. Two years ago, the right-hander struck out 190 batters in 197 1/3 innings, with more wins (18) than Bauer but an inferior ERA (3.10). Arrieta received a $4.94MM raise.
Between Fister, Ross, and Arrieta, we have three starters who received raises between $4.2MM and $4.94MM when they were in this service class. All three fall short of Bauer in one category or another. With natural salary inflation, I think the model is probably in the right neighborhood for Bauer for his 2019 salary forecast.
Pirates Designate Alex McRae For Assignment
The Pirates announced that they’ve designated right-hander Alex McRae for assignment. His spot on the 40-man roster will go to outfielder Lonnie Chisenhall, whose previously reported one-year deal has now been formally announced.
McRae, 25, made his MLB debut with the Bucs in 2018, allowing four runs with five strikeouts and five walks in 6 1/3 innings of relief. The former 10th-round pick (2014) spent the bulk of the season in the rotation for the Pirates’ Triple-A affiliate, where he logged a 4.77 ERA with 8.0 K/9 against 3.8 BB/9. McRae’s sinker sat at 92.4 mph during his brief MLB audition, and he’s used the pitch to generate average or better ground-ball tendencies throughout his minor league career.
While he hasn’t found success in Triple-A or the Majors yet, McRae did post a 3.61 ERA with 5.4 K/9, 2.2 BB/9, 0.54 HR/9 and a 49.1 percent ground-ball rate in 149 2/3 innings with Pittsburgh’s Double-A affiliate in 2017.
Pirates Sign Lonnie Chisenhall
Nov. 27: The Pirates have formally announced the signing, via press release.
“Lonnie Chisenhall adds an experienced, productive and versatile player to our Major League Team,” said GM Neal Huntington in a statement accompanying the announcement. “When healthy, Lonnie has been a quality hitter while offering defensive flexibility. He also provides us an immediate option in right field while Gregory Polanco is getting healthy and his abilities and versatility will make our club better once Polanco returns.”
Nov. 26: The Pirates have struck a deal with free agent outfielder Lonnie Chisenhall, per Ken Rosenthal of The Athletic (Twitter link). It’s said to be a one-year, $2.75MM pact.
Chisenhall, 30, missed much of the 2018 season owing to a nagging calf injury. If he can avoid the DL, and earn playing time, he’ll have a chance to boost his salary in Pittsburgh. Per Rosenthal, the deal comes with some reasonably hefty potential incentives. Chisenhall will receive $250K upon reaching 250, 300, 350, and 400 plate appearances along with $500K if he makes it to 450, 500, 550, and 600 trips to the dish. That’s a potential $3MM boost.
Of course, it’d be rather surprising to see the left-handed-hitting Chisenhall receive enough action to max out the contract. He has only topped the five-hundred PA barrier once in his career, most of which has been spent in platoon duty. And for good reason: Chisenhall has been 58 OPS points better against right-handed than left-handed pitching in the majors.
For the Bucs, Chisenhall represents a part of a solution for the absence of Gregory Polanco, who is expected to miss a big chunk of the season recovering from shoulder surgery. Frankly, it’s unclear what the club will receive from Polanco in 2019, so it was imperative that a fill-in be found.
While a right-handed hitter might have dovetailed better with the existing unit by the time Polanco is back in action — after all, he and Corey Dickerson both hit from the left side — adding a lefty makes for a cleaner immediate fit with the team’s slate of reserve options. Pablo Reyes, Jose Osuna, and Patrick Kivlehan are among the players who could compete for bench duties. Of course, it’s also still possible that a higher-end asset could fall into the Bucs’ laps at some point over the offseason.
Regardless of how the platoon machinations work out, this is an interesting signing. Chisenhall is a sneaky upside play, given the ceiling he has shown on both sides of the ball.
Offensively, Chisenhall has produced at about a league-average clip over his eight-year career. But he churned out a 117 wRC+ in 2014, the season in which he saw his most extensive playing time (142 games, 533 plate appearances). And since the start of the 2017 season, he’s a .297/.368/.503 hitter with 13 home runs over 365 plate appearances. That represents a notable power surge as against his prior track record, though it came in a short sample and showed up more in ’17 than in his brief ’18 effort.
With the glove, Chisenhall went from a questionable third baseman to a high-end right fielder in 2015. The exuberant defensive metrics have cooled in the years to come, but he generally grades out in sight of average. It’s at best questionable whether he’ll be more than a solid performer in the field, particularly given that he’ll be looking to move past the longstanding lower-leg ailment, but there’s reason to think the Pirates will at least have an average defender for their money.
All things considered, as Jason Rollison of Bucs Dugout noted in tweeting the club’s interest recently, it seems like a nice match that will serve both player and team. Chisenhall joins Jung Ho Kang as a reasonably high-upside early signee, giving the Pirates two roster pieces at a palatable price and leaving a relatively robust amount of spending capacity untapped for further additions. (Of course, some potential payroll space could be held and deployed at midseason if the team proves worthy of further investment.)
Photo courtesy of USA Today Sports Images.
Tommy Joseph, Justin Haley Sign With KBO Teams
Former Phillies first baseman Tommy Joseph has agreed to a one-year contract with the LG Twins of the Korea Baseball Organization, Jeff Passan of Yahoo Sports reports (via Twitter). The Jet Sports client will be guaranteed $1MM on the contract — the maximum amount for which a foreign player can sign for his first year in the KBO.
Meanwhile, former Twins and Red Sox right-hander Justin Haley has signed with the KBO’s Samsung Lions, the team announced via press release (hat tip: Dan Kurtz of MyKBO.net, on Twitter). Haley’s deal will pay him a guaranteed $650K ($550K salary, $100K signing bonus) and provide him with the opportunity to earn an additional $250K via performance incentives. He’s represented by PSI Sports Management.
Joseph, 27, turned away interest from teams in Japan and Korea last offseason, telling NBC Sports Philadelphia’s Jim Salisbury at the time that he didn’t want to forgo the opportunity to return to the big leagues in 2018. Circumstances have changed since that time, of course. Joseph was still on Philadelphia’s 40-man roster at that point, and while he was undoubtedly cognizant of the fact that he wasn’t likely to have a prominent role on a roster with both Carlos Santana and Rhys Hoskins, there was perhaps hope that he’d land with another organization.
That proved to be the case to an extent; the Phillies designated Joseph for assignment, and he was claimed by the Rangers in Spring Training. Texas, though, designated Joseph for assignment at the end of camp and outrighted him to the minors. The slugger spent most of the 2018 season with Texas’ Triple-A affiliate, where he raked at a .284/.353/.549 clip and mashed 21 homers in 357 plate appearances. He’ll head to South Korea with a career .247/.297/.460 batting line and 43 homers through 880 Major League plate appearances — all with the Phillies.
Haley, meanwhile, pitched in the Majors in both 2017 and 2018 — albeit in limited fashion. Minnesota selected Haley out of Boston’s system in the 2016 Rule 5 Draft, and he made hit MLB debut in 2017. However, Minnesota didn’t hang onto him for the full season, ultimately returning him to Boston that May. Haley had his contract selected by the Red Sox in 2018 and made four relief appearances, though he lost his roster spot back on Nov. 1. In 25 2/3 career innings at the Major League level, Haley has a 5.61 ERA and a 14-to-9 K/BB ratio. However, he’s been substantially better in Triple-A, where he’s compiled a career 3.53 ERA with 7.6 K/9 and 2.4 BB/9 in 260 1/3 innings.
Both Joseph and Haley stand to earn considerably more money than they’d have made by signing a minor league contract and opening the season in Triple-A with a new organization. And, should either player cement himself as a quality contributor in the KBO, there’s certainly the opportunity to earn a raise in the KBO for the 2020 season as well. It’s not especially common to see players elevate their stock overseas and then return to find big league success, though Eric Thames and Miles Mikolas both stand out as recent examples of that route to multi-year free agent contracts.