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MLB Mailbag: Dodgers, Padres, Vlad Jr., Casas, Nats, Cubs, Giants

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Today's epic pre-Winter Meetings mailbag gets into the Dodgers' deferrals, the golden AB idea, traded Padres prospects, the Blue Jays' failure to extend Vladimir Guerrero Jr., Triston Casas and Boston's paths forward, the Cubs' plans, the Giants and draft pick forfeiture, and much more.

Elden asks:

I recently read that the Dodgers now have over $1 billion in deferred salaries on the books even if the sign nobody else. I admit that they have some pretty deep pockets and can weather almost any financial storm but how is this not a manipulation of the CBT rules? Granted that prices go up all them time but their deferred money alone is 4X the first tax threshold How is this good for baseball?

Not to pick on Elden, but fans don't have a seat at the collective bargaining table between owners and players, so "good for baseball" is largely irrelevant.  At that table, there is "good for owners," and "good for players."

The players like having the option of deferring money.  In February, union leader Tony Clark told Jack Harris of the L.A. Times, "We want the players and their individual representation to have as many tools in the tool bag to work with teams to find common ground."

Plenty of teams like having this option as well.  Yes, the Dodgers have deferred a ton of money, more than any club in recent memory.  But all kinds of contracts have included significant deferrals, for example Boston's Rafael Devers extension or the Nationals' signing of Max Scherzer.  Dodgers president of baseball operations Andrew Friedman correctly said, "I think the Shohei one was just very extreme. But if you set the Shohei contract aside, the rest are all within the norm and standard operating procedure that a lot of teams have done. But I think the Shohei one is just jarring to people because it's so different and I think that the others just unfairly get lumped into that, but I think it's kind of a lazy narrative."

If there's one thing casual fans love, it's a good lazy narrative.  But why are the Dodgers doing so much of this?  Fabian Ardaya and Ken Rosenthal of The Athletic wrote about it in March, suggesting benefits such as "reducing their short-term cash obligations, enabling them to discount luxury-tax numbers and creating flexibility in negotiations with players."

I am not a finance expert, but I'd say the main benefit is reducing short-term cash obligations.  After two years, teams have to put the average annual value in an escrow account, but they can invest all of that and grow it until the player needs to be paid.  And of course, if you're only actually paying Shohei Ohtani $2MM right now, you can spend more on players than if you were paying him $46MM.

It's worth considering, too, that the bill eventually comes due.  If the Dodgers owe retired players, say, $150MM in 2035, that seems like it could reduce their flexibility even if the money was invested along the way.  But what about the Dodgers' competitive balance tax manipulation?

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The Best Fits For Alex Bregman

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MLBTR has looked at the potential markets for Juan Soto and Corbin Burnes in respective posts for Front Office subscribers. We'll continue that series with a look at the winter's #3 free agent.

Alex Bregman could land the largest contract for a non-Soto position player. MLBTR predicted the two-time World Series champ would get a seven-year pact valued at $182MM. Getting to seven years would distinguish Bregman from Matt Chapman, who would've been the offseason's other top option at third base had he not re-signed with the Giants for six years and $151MM. Bregman is a year younger and has a more consistent offensive track record, though he's not quite at Chapman's level defensively.

There have been a few small hints about how Bregman's market could shake out. Ken Rosenthal of the Athletic suggested last month that the third baseman's camp might look for a deal that resembles Manny Machado's 11-year, $350MM extension from Spring Training 2023 rather than general market projections of a contract in the $175-200MM range.

Bregman getting to $300MM+ would be a huge surprise, though. Machado was already guaranteed $180MM at the time of his extension, so that contract amounted to five years and $170MM in new money. The Machado deal also came at a time when the Padres were signing off on a number of huge contracts during Peter Seidler's ownership tenure.

USA Today's Bob Nightengale reported a few weeks ago that the Astros were hoping to retain Bregman on something like a six-year, $156MM pact. That hasn't gotten a deal done, so his camp seems to be aiming higher. At the time, Nightengale wrote that Bregman and his representation at the Boras Corporation were at least looking to crack the $200MM mark.

Let's take a look at what teams could be involved.

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Everson Pereira Among Players Eligible For Fourth Option Year

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Yankees outfielder Everson Pereira and infielder Jorbit Vivas and Mets right-hander Max Kranick are eligible for a fourth option year, reports Joel Sherman of the New York Post. They join Red Sox right-hander Cooper Criswell in that regard; there’ll likely be additional such reports throughout the offseason.

After a player is added to the 40-man roster, they can typically be assigned to the minors in three additional seasons. If a player who is on the 40-man spends at least 20 days in the minors during a season, that subtracts one of those years. In certain circumstances, teams are allowed to option a player for a fourth season.

A player is eligible for a fourth option if they exhaust their three option years before they’ve played five professional seasons. MLB defines a professional season as one in which a player spent at least 90 days on an MLB or minor league active roster. Many players will spend a few years with a minor league affiliate before they’re added to a 40-man roster. As those count as professional seasons but are not option years, most players reach five seasons prior to running out of options.

Pereira and Vivas were each initially added to their clubs’ 40-man rosters during the 2021-22 offseason. They’ve both been optioned in each of the last three years. Neither Pereira nor Vivas appeared in a full “professional season” before 2021, however. Both players were at complexes or short-season affiliates between 2017-19, so neither got to 90 days on a minor league roster in any of those years. The minor league schedule was canceled in 2020 and did not count as a professional season. Vivas has logged four professional seasons (2021-24), while Pereira didn’t log a full minor league campaign until ’22.

Kranick first made it onto a 40-man roster after 2020. He’d already accrued two professional seasons at that point. He picked up a third in ’21 but spent almost all of the 2022-23 campaigns on the injured list. Kranick battled forearm issues and eventually underwent Tommy John surgery. He returned to health this year, his fourth professional season.

The extra option means these players can be sent back to the minors without landing on waivers. Vivas and Kranick could be on the 40-man roster bubble anyways. The extra option is most relevant with regards to Pereira, a former top prospect who underwent elbow surgery last June. If the Yankees had to decide between carrying him on the MLB roster or putting him on waivers, there’s a good chance they’d have opted for the latter route coming out of Spring Training. They’ll instead be able to send him back to Triple-A Scranton/Wilkes-Barre to evaluate him for one more year.

Yankees Recently Met With Max Fried, Corbin Burnes

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The Yankees’ efforts to re-sign Juan Soto have dominated headlines in the Bronx this offseason, but they’re also laying the groundwork for other free agent possibilities. The Yankees held a 90-minute meeting with longtime Braves lefty Max Fried this week, as first reported by the YES Network’s Michael Kay, who adds that the talk went well and the two sides are expected to meet again. Mike Puma and Joel Sherman of the New York Post also report that the two sides met, with the Yankees’ contingent consisting of GM Brian Cashman, manager Aaron Boone, pitching coach Matt Blake and as many as six other team officials. Puma and Sherman further add that the Yankees met with Corbin Burnes late last month.

Soto, of course, remains the Yankees’ top focus. It seems unlikely that they’d sign him to what increasingly appears to be a $600MM+ contract and then put down more than $150MM on one of Fried or Burnes — though the Yanks certainly have the resources to do so. Still, it’s only natural for any Soto suitor to be doing homework on potential contingency plans in the event that he signs elsewhere. Loading up on high-end starting pitching and addressing the lineup in other ways would be one such possibility. (Notably, the Yankees have also recently been linked to infielder Willy Adames, who’s willing to play third base or second base with a new club.)

The Yankees already have one of the most expensive staffs in the sport. Gerrit Cole, Carlos Rodon and Marcus Stroman are owed a combined $81MM next year. Nestor Cortes is projected by MLBTR contributor Matt Swartz to earn $7.7MM. Righty Clarke Schmidt is projected at $3.5MM. Newly minted Rookie of the Year Luis Gil is still in his pre-arbitration years. There’s been speculation about the Yankees moving either Stroman or Cortes this winter, both of which seem plausible. Adding someone the caliber of Fried of Burnes would make a trade elsewhere in the rotation a virtual inevitability.

Either Burnes or Fried would join Cole right atop what could be a powerhouse Yankees rotation. Both pitchers rejected qualifying offers from their former clubs, meaning both would cost the Yankees their second- and fifth-highest draft selections, in addition to $1MM of space from their 2025 bonus pool in international free agency. For a pitcher of either caliber, that’s a small price to pay.

Fried, 31 in January, has rattled off 659 innings of 2.81 ERA ball dating back to the 2020 season. He’s third among all qualified starting pitchers in ERA in that time, trailing only Brandon Woodruff (2.76) and Clayton Kershaw (2.79). Fried has thrown nearly 200 more innings than both those pitchers. His 2024 season wasn’t his best, but only relative to his lofty standards. He made 29 starts, totaling 174 1/3 innings, and notched a tidy 3.25 ERA.

Fried doesn’t miss bats like the prototypical ace but has a slightly better-than-average 23.6% strikeout rate over the past five seasons. He sports a strong 6.3% walk rate in that time and is among the game’s very best when it comes to minimizing hard contact and avoiding opponents’ barrels. He also racks up grounders at a plus rate (54.2% since 2020) — highlighted by a career-best 58.8% mark in 2024. Fried has generally been durable, although he was limited to 14 starts in 2023 due to a forearm strain that did not end up requiring surgery. He missed three starts in 2024 due to a nerve issue in that same forearm, but that’s ostensibly a different issue than the one that sidelined him in ’23.

Burnes is nearly a full year younger, having turned 30 about five weeks ago. He’s solidified himself as a true workhorse, ranking third in the majors in innings pitched over the past five seasons and sitting narrowly behind Fried with a fourth-ranked 2.88 ERA in that same span. Burnes was traded from the Brewers to the Orioles last offseason and proved himself against many of the very same AL East lineups he’d be facing as a Yankee. He made 32 starts and pitched 194 1/3 innings of 2.92 ERA ball for the O’s, adding eight innings of one-run excellence in Baltimore’s brief postseason foray.

Dominant as Burnes has been at times in his career, his recent work bears some resemblance to that of Fried. That’s not a bad thing, of course, but his once sky-high strikeout rate now sits at a roughly league-average rate (23.1% in 2024). Like Fried, he’s countered the diminished strikeout tendencies with sharp command and a knack for dodging hard contact. Burnes doesn’t generate grounders at the same level, but his 46.9% career mark and 2024’s 48.8% rate are both still comfortably above average.

The general thinking has been that Burnes will sign the largest contract of any pitcher this offseason. He’s two years younger than Blake Snell — who signed for five years and $182MM with the Dodgers (albeit with some deferrals) — and a year younger than Fried. His blend of durability and effectiveness is unmatched among this year’s crop of free agents. Fried, however, should command a deal well north of $100MM himself — quite possibly approaching or even exceeding the $162MM the Yankees promised to Rodon two winters ago.

The Yankees currently project for a payroll around $230MM, per RosterResource. They’re currently below the luxury tax threshold, but only nominally so. Even minor additions in free agency or on the trade market will push them into luxury territory. They’ve been a tax payor in each of the past three seasons, however, and their pursuits of various high-end free agents makes it clear they’re comfortable not only paying the tax for a fourth straight season but perhaps pushing into the highest tier of penalty again — at least for the 2025 season.

Managing partner Hal Steinbrenner has said that trotting out a payroll of that magnitude every season isn’t sustainable in the long run. However, that’s probably the reality for the immediate future, so long as the Yanks are paying Aaron Judge, Cole and Rodon a combined $103MM annually through 2028 (to say nothing of weighty commitments to Giancarlo Stanton, DJ LeMahieu, Stroman and any forthcoming free agent/trade additions).

Yankees, Giants Showing Interest In Willy Adames

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The Yankees and Giants are among the teams that have shown interest in Willy Adames, writes Mark Feinsand of MLB.com. The market’s top shortstop has also been tied to the Astros, Phillies, Blue Jays, Braves and Red Sox throughout the offseason.

New York’s top priority is re-signing Juan Soto. They could know within the next few days whether Soto will stay in the Bronx or accept a $600MM+ offer elsewhere. If Soto walks, there’d be a lot of pressure on both owner Hal Steinbrenner and GM Brian Cashman to land one or more players from the next tiers of free agency.

Adames and Alex Bregman are probably the next-best position players. Neither is going to come close to Soto’s contract, of course, but they could each land a deal in the $150-200MM range. While Bregman would be a more straightforward positional fit, it’s possible the organization could still have animosity over the third baseman’s role in the 2017 sign-stealing operation. Adames carries no such baggage.

The Yankees don’t need a shortstop. Anthony Volpe is one of the game’s top defensive infielders. Bryan Hoch of MLB.com wrote recently that the Yanks were unwilling to move Volpe off the position. Adames is reportedly willing to consider a position change, though it’s possible he’d sign with a team that’ll keep him at shortstop if he’s weighing multiple offers in the same price range.

Shortstop is the only infield position that is settled in the Bronx. Jazz Chisholm Jr. will be in the mix at either second or third base. If Chisholm replaces Gleyber Torres at the keystone, the top internal third base possibilities are DJ LeMahieu, Oswaldo Cabrera and prospect Caleb Durbin. That’s not sufficient for a team trying to get back to the World Series. The Yankees could also upgrade at first base, where Ben Rice is the best in-house option.

Adames hasn’t played third base in the majors. He has 10 career games outside of shortstop, all of which came at second base during his 2018 rookie season. Shortstops usually move to other infield positions without issue. Adames has plus arm strength and athleticism. His typically strong defensive grades dipped this year because of a spike in errors, but there’s not much reason to believe he wouldn’t be an effective third baseman.

There’d be no need for a position change in San Francisco. President of baseball operations Buster Posey said at the start of the offseason that the Giants wanted to add a shortstop. That’d allow them to move Tyler Fitzgerald to second base, where he’s a better fit. San Francisco was linked to Ha-Seong Kim, the market’s #2 shortstop, a few weeks ago.

Kim is coming back from labrum surgery on his throwing shoulder. That makes him riskier than Adames but should dramatically reduce the price. While Adames is likely to sign for six or seven years, Kim could settle for a two-year deal that allows him to opt out after next season. The former Padres infielder also has an obvious connection to San Francisco skipper Bob Melvin.

Adames rejected a qualifying offer from the Brewers. The Yankees and Giants each exceeded the luxury tax threshold this year, so they’d pay the highest penalties to sign a qualified free agent. Either team would lose their second- and fifth-highest pick in next summer’s draft and $1MM from their 2026 international signing bonus pool.

Al Fitzmorris Passes Away

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Former big league right-hander Al Fitzmorris has passed away at 78. The Royals announced the news on Wednesday evening.

Fitzmorris was born in Buffalo but attended high school in San Diego. He signed with the White Sox as a 20-year-old. The 6’2″ righty never had an opportunity to get to the big leagues with Chicago. The Royals plucked him away as they built their first team via the expansion draft. Fitzmorris made seven relief appearances for the franchise’s inaugural team in 1969.

While he spent most of the ’69 season in Triple-A, Fitzmorris established himself on the MLB staff the following year. He posted middling numbers in a swing role between 1970-72. He took a step forward with 89 innings of 2.83 ERA ball in 1973 and excelled as a starter for the three seasons thereafter. Fitzmorris turned in a 2.79 ERA across 190 innings in ’74. He won 16 games with a 3.57 mark over a career-best 242 frames the next season. Between 1974-76, he led Kansas City with 652 1/3 innings. He posted a 44-29 record behind a cumulative 3.17 earned run average.

Fitzmorris was arguably the best pitcher on the ’76 team that won 90 games and earned the first playoff berth in franchise history. He ranked second on the club with 220 1/3 innings while turning in a 3.06 ERA that was the best mark among the team’s full-time starters. Nevertheless, skipper Whitey Herzog elected not to use Fitzmorris against the Yankees in that year’s AL Championship Series. New York advanced to the World Series on Chris Chambliss’ walk-off homer in the decisive fifth game.

That marked the end of Fitzmorris’ tenure in Kansas City. The Royals left him unprotected for the following winter’s expansion draft. He was selected by the Blue Jays, who immediately traded him to the Indians. Fitzmorris struggled to a 5.41 ERA over 29 appearances for Cleveland in ’77. He split the following year between the Indians and Angels. After one more season in Triple-A with San Diego, he retired.

Fitzmorris concluded his playing career with a 3.65 ERA over 1277 innings. He logged parts of 10 seasons in the majors and recorded a 77-59 record. Fitzmorris struck out 458 hitters and tossed 36 complete games, 11 of which were shutouts. The Royals announced that he returned to Kansas City after his playing days and remained involved with the franchise’s community and charity efforts. MLBTR sends our condolences to his family, loved ones, former teammates and friends.

NPB’s Hanshin Tigers Post Koyo Aoyagi For MLB Clubs

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The Hanshin Tigers of Japan’s Nippon Professional Baseball announced last night that they’ve made right-hander Koyo Aoyagi available to major league teams via the posting system. Jon Morosi of the MLB Network tweets that MLB has approved the posting, which opens a 45-day window for the pitcher to sign with a big league team.

Aoyagi, who turns 31 next week, seems to project as a depth arm. While he has worked as a starting pitcher for the Tigers, Aoyagi throws from a sidearm slot that’s more commonly found in the bullpen. He’s coming off a pedestrian season which he split almost evenly between the Tigers and their minor league affiliate. Aoyagi made 12 starts at Japan’s top level and pitched 11 times in the minors.

During his work at the highest level, he turned in a 3.69 ERA across 61 innings. His 13% strikeout rate would be nearly 10 percentage points below the MLB average. He showed decent but not exceptional control, walking 7.8% of batters faced. His career track record is a bit more impressive. He owns a 3.08 ERA with a 17.1% strikeout percentage across nine NPB campaigns. This was his second consecutive middling season, though. Aoyagi was tagged for a 4.57 ERA across 100 1/3 innings for the Tigers in 2023.

The 5’11” hurler pitched for Japan at the 2020 Olympics (held in Tokyo a year late as a result of the pandemic). Japan went 5-0 and won the gold medal, though Aoyagi was tagged for five runs in 1 2/3 innings across two appearances. He did not make the nation’s World Baseball Classic roster two years later.

Assuming the posting window officially opened today, Aoyagi will have until January 17 to sign with an MLB team. If he doesn’t find an offer to his liking, he’d remain with the Tigers. Aoyagi’s numbers suggest he could be limited to a minor league deal. If he signs with an MLB team, that club would also owe a release fee to the Hanshin Tigers. The fee is proportional to the size of the contract. In the very likely event that he signs for $25MM or less, the posting fee would be 20% of the guarantee.

Mets Sign Frankie Montas

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The Mets announced they have signed right-hander Frankie Montas to a two-year deal that contains an opt-out clause for Montas following the 2025 season. The Boras Corporation client will reportedly earn $17MM in both the 2025 and 2026 seasons for a $34MM guarantee.

Montas returns to the Big Apple after an injury-plagued stint with the Yankees during the 2022-23 seasons.  The Yankees acquired Montas from the A’s at the 2022 trade deadline when Montas was still trying to work through some shoulder discomfort, and his ill-fated attempt to pitch through the pain led to a 6.35 ERA over 39 2/3 innings during the remainder of the 2022 campaign.  Montas then required labrum surgery the following February that cost him almost all of the 2023 season, as he returned to pitch 1 1/3 innings in one game at the very end of September.

The Reds bet that Montas would be able to bounce back when healthy, and last January signed the righty to a one-year deal that ended up being worth $16MM — $14MM in guaranteed salary, and then a $2MM buyout once Montas declined his end of a mutual option for the 2025 season.  Perhaps showing the after-effects of his long layoff, Montas had a 4.84 ERA over 150 2/3 combined innings with Cincinnati and Milwaukee last season, as the Reds sent Montas to the Brewers last July in another deadline trade.

Apart from a minimal 15-day IL stint due to a forearm contusion, Montas was pretty healthy in his comeback year, and the 150 2/3 innings represents the second-highest workload of his nine Major League seasons.  As the 4.84 ERA might imply, however, Montas (who turns 32 in March) ran into some struggles.  His 22.6% strikeout rate was slightly below the league average, and he surrendered a lot of walks and a lot of hard contact.

Montas’ 14.8% home run rate was the highest of his career, and he actually allowed more homers after leaving the hitter-friendly Great American Ballpark for the more neutral American Family Field.  His fastball velocity dropped from 96.1mph to 95.6mph, which isn’t bad for a pitcher returning from a yearlong absence, but the larger issue was Montas’ sinker was the only effective pitch in his arsenal.  It is worth noting that Montas’ velocity and strikeout rate did increase after the trade to the Brewers, so another change of scenery might now more fully get him back to his pre-surgery form.

MLBTR ranked Montas 27th on our list of the offseason’s top 50 free agents, and his $34MM guarantee significantly tops our prediction of a two-year, $22MM contract.  The higher price could reflect the ever-rising price of pitching, and the Mets and other teams might have put a greater premium on Montas’ ability to eat innings.

The Mets in particular had a glaring need for rotation help, as Luis Severino, Sean Manaea, and Jose Quintana are all free agents.  Montas now fills one of those holes in the pitching staff, and he’ll join Kodai Senga, David Peterson, Tylor Megill, and (if healthy) Paul Blackburn as the current starting five, though more additions are surely still to come this winter.

Much of the buzz surrounding the Mets this offseason has naturally focused on their courtship of Juan Soto, but New York has also been linked to such pitchers as Roki Sasaki and trade candidate Garrett Crochet.  There has been speculation that the Amazins could also pursue some of the top names on the pitching market, though there hasn’t been any public news on that front to date.

It could be that the Mets are holding off on other big-ticket pursuits until Soto’s situation is resolved, and Montas’ contract represents a fairly less-expensive foray into the free agent market that helps address the club’s chief need for pitching.  For now, the Montas contract resembles the two-year, $28MM deal (also with an opt-out) that Manaea signed last winter, as president of baseball operations David Stearns has thus far stuck to his strategy of inking starters to shorter-term contracts.  Montas is surely hoping that he can follow Manaea’s path of delivering a stronger full season, and then returning to free agency next year to land a lengthier and pricier contract.

The $17MM average annual value of Montas’ contract still leaves New York with plenty of space before it hits the $241MM luxury tax threshold, as RosterResource projects the club’s tax number at roughly $189.7MM.  Obviously avoiding the tax hasn’t been a priority in the Steve Cohen era and signing Soto to a record contract would alone put the Mets at or near the threshold before any other moves are made.  Just in case Soto does sign elsewhere, however, a world exists where the Mets could be aggressive this winter and still reset their tax situation entirely, which would allow the Mets to enjoy more financial flexibility (and a smaller overall tax bill) going forward.

It is perhaps noteworthy that Boras represents both Soto and Montas, and it seems likely that Boras and Stearns have discussed several of the agent’s many clients during their conversations this offseason.  Montas is already the third Boras-represented pitcher to sign a new contract this winter, after Blake Snell’s five-year, $182MM deal with the Dodgers and Yusei Kikuchi’s three-year, $63MM pact with the Angels.

ESPN’s Jeff Passan (X link) was the first to report the signing and the contract terms.  Jon Heyman of the New York Post (via X) added the detail about the opt-out clause, and the specific breakdown of Montas’ salaries over the two seasons.

Photo courtesy of USA Today Sports Images

Tayron Guerrero Signs With NPB’s Chiba Lotte Marines

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The Chiba Lotte Marines of Japan’s Nippon Professional Baseball announced that they have signed right-hander Tayron Guerrero. Per reporter Francys Romero (X link), Guerrero will make a salary of $600K next year.

It’s a bit of a homecoming for Guerrero, 34 in January, as he also pitched for the Marines in 2022. He was in affiliated ball for over a decade prior to that but was only able to throw 106 major league innings. Splitting time between the Padres and Marlins, he posted a 5.77 earned run average from 2016 to 2019.

He wasn’t able to crack the big leagues in 2020 or 2021 so he headed to Japan in 2022 and had a nice season with the Marines. He tossed 46 innings over 49 appearances with a 3.52 ERA, 32.5% strikeout rate and 10.3% walk rate.

He came back to North America after that showing, signing a minor league deal with the Reds going into 2023. He struggled badly for Triple-A Louisville, with an 11.51 ERA over his 20 appearances, walking more batters than he struck out. He was released in June and then signed with the Diablos Rojos of the Mexican League. A 1.17 ERA over his eight appearances there was apparently enough for him to get a minor league deal with the Angels for the 2024 season.

He made 30 appearances at Triple-A Reno this year, in the hitter-friendly Pacific Coast League. His 5.73 ERA doesn’t look great but his 20.6% strikeout rate, 7.1% walk rate and 44% ground ball rate were all solid enough, leading to a 3.47 FIP.

If Guerrero stayed in North America, he surely would have been limited to minor league offers and would have had to fight his way to the big leagues. By returning to Japan, he has locked in a notable salary just a bit below next year’s MLB minimum, which will be $760K.

Blue Jays Interested In Re-Signing Jordan Romano

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A couple of weeks ago, the Blue Jays opted not to tender a contract to right-hander Jordan Romano, sending him to free agency instead of keeping him around for his final season of club control. But general manager Ross Atkins tells members of the media, including Kaitlyn McGrath of The Athletic, that the Jays are “interested in him and will be heavily pursuing his return, and hope that that’s a potential reality.”

Romano, 32 in April, had a strong three-year run as the closer in Toronto but is coming off a mostly lost season. From 2021 to 2023, Romano racked up 95 saves for the Jays, tossing 186 innings with a 2.37 earned run average. He had a 30.3% strikeout rate, 9.2% walk rate and 42.3% ground ball rate.

But in 2024, he was on and off the injured list due to inflammation in his right elbow. He only made 15 appearances on the year and had a bloated 6.59 ERA in that small sample, only striking out 21% of batters faced. He underwent arthroscopic surgery on that elbow in July and it was initially hoped that he could make a late-season return but that ultimately didn’t come to pass.

Romano made a salary of $7.75MM in 2024 and MLBTR contributor Matt Swartz projected him for the same figure in 2025, since salaries almost never go down in the arbitration system. After Romano’s rough 2024 campaign, the Jays didn’t think it was worth betting that much on a bounceback. Presumably, they also checked in with other clubs to assess trade interest but couldn’t find any willing to both have Romano around that price point and give up something notable in return.

His health is a bit of a question mark as he hasn’t pitched since May, but Atkins says he doesn’t have any concerns going into 2025. Assuming Romano is healthy, the Jays could certainly use him, as their bullpen was a big part of their struggles this year. Toronto relievers posted a collective 4.82 ERA in 2024, a mark that was better than just the Rockies. With the club looking to rebound in 2025, a stronger bullpen will be a necessary step.

Bringing Romano back could be a part of that, though it will naturally be at a lower salary than he made last year. Kirby Yates is another former closer who had some injury problems and he signed a $4.5MM deal with the Rangers last winter. It’s not a perfect comparison since Yates was going into his age-37 season, but he had at least finished the prior season healthy. After missing much of the 2020 through 2022 seasons due to injuries, he made 61 appearances in 2023 with a 3.28 ERA. Romano will be far younger than Yates but with more recent injury troubles. Yates also signed a $5.5MM deal with the Jays going into 2021, his age-34 season, after being hurt for much of 2020. But he ended up undergoing Tommy John surgery and missing that entire season. Greg Holland was one of baseball’s top closers before missing all of 2016 recovering from Tommy John surgery, then signing a $7MM deal with the Rockies going into 2017.

Perhaps those deals suggest that Romano could earn something a bit below his 2024 salary, maybe with incentives based on his health. At that price range, just about any club could get involved. Even teams with strong bullpens can bump out the guy lowest on the pecking order, so Romano figures to have widespread interest if Atkins’ assessment of his health is correct. The Jays figure to be one of the clubs most motivated to add relief help, based on how last year went. Perhaps Romano would welcome a return since he was born and raised in Markham, just outside Toronto, and has spent his entire big league career with the Jays. However, he should have plenty of other options to consider.

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