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Rangers Acquire Andrew Chafin

By Steve Adams and Anthony Franco | July 30, 2024 at 3:36pm CDT

The Rangers announced they’ve acquired lefty reliever Andrew Chafin from the Tigers. Pitching prospects Joseph Montalvo and Chase Lee are going to Detroit. Texas designated righty Jonathan Hernandez for assignment in a corresponding move.

The 34-year-old Chafin is in the midst of yet another solid season. He’s pitched 37 innings of 3.16 ERA ball with a big 30.9% strikeout rate, a 9.9% walk rate and a 35.8% grounder rate. He’s been particularly dominant of late, rattling off 17 innings of one-run ball with a 26-to-5 K/BB ratio dating back to early June.

That 35.8% grounder rate is an uncharacteristically low mark for Chafin, who’s changed up his pitch usage this year. He’s throwing more sliders than ever before (46.4%) and missing more bats as a result but also yielding more balls in the air and a few more walks than in recent years. Chafin’s velocity is down a bit from its 93-94 mph peak, however, sitting around 92 mph on average this year with both his four-seamer and sinker. It’s possible the change in repertoire was borne out of the diminishing life on those harder offerings. Regardless, it’s been an effective recipe for the well-traveled southpaw, who’ll now suit up for the sixth team of his 11-year career.

Chafin is playing on a one-year, $4.75MM contract, although the Rangers are picking up another year of possible control over him in the form of a 2025 club option valued at $6.5MM (a net $6MM decision after factoring in a $500K buyout). He’s owed about $1.42MM of his $4.25MM base salary but has a handful of incentives approaching that could boost the value of that contract. Chafin would earn a $125K bonus for pitching in his 50th game — he’s at 41 appearances — before taking home $250K bonuses for reaching 55 and 60 games, a $300K bonus for 65 games and a $325K bonus for reaching 70 appearances. The last of those milestones could be hard to reach, but the Rangers will be on the hook for some additional incentives of note, which will all come with a 30% tax given their luxury-tax status.

With Chafin’s acquisition and Cody Bradford’s return from a 60-day IL stint, a Rangers bullpen that has lacked an established left-handed option for much of the season will suddenly have two quality options in that regard. Chafin will join a late-inning mix including Kirby Yates, David Robertson and Jose Leclerc. He’s held lefties to an awful .180/.261/.213 batting line this season, and while righties are enjoying more success at .293/.366/.390, they’re not managing much power against the southpaw. In his career, Chafin has yielded only a .234/.313/.361 line to right-handed opponents, though much of that came with a more vibrant fastball and different mix of his three pitches.

The trade for Chafin underscores the fact that yesterday’s trade of Michael Lorenzen to the Royals was less about selling off in the midst of a disappointing season and rather opening space for the return of several other veteran starters (e.g. Max Scherzer, Tyler Mahle, Dane Dunning and, further down the road, Jacob deGrom). Much of the cost-savings from that trade of Lorenzen — earning $4.5MM with incentives of his own — will now be reallocated to the comparably priced Chafin.

Montalvo is the more highly regarded of the prospects headed to Detroit. Baseball America ranked him 19th on their most recent update of the Texas system, crediting him with a plus changeup and the ability to spin his low-90s fastball. He’s dominating lower minors opponents, striking out nearly 30% of batters faced with a 2.44 ERA in High-A. Lee is an upper minors reliever who’ll be eligible for the Rule 5 draft next offseason if he’s not added to the 40-man roster. He lost the first couple months of this season to injury but had a 3.98 ERA in Triple-A last year.

ESPN’s Jeff Passan first reported the Rangers were finalizing a deal for Chafin. The Athletic’s Ken Rosenthal confirmed an agreement was in place. Evan Grant of the Dallas Morning News reported the Tigers would receive Montalvo and Lee.

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Detroit Tigers Newsstand Texas Rangers Transactions Andrew Chafin Jonathan Hernandez

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Twins Acquire Trevor Richards

By Mark Polishuk | July 30, 2024 at 3:29pm CDT

The Twins have acquired right-hander Trevor Richards in a trade with the Blue Jays, as per The Athletic’s Ken Rosenthal and Dan Hayes (via X).  Minor league infielder Jay Harry is heading to Toronto on the other end of the deal, Sportsnet’s Ben Nicholson-Smith and Shi Davidi report (X link).

A veteran of seven MLB seasons, Richards has now been traded four times in his career, and came to the Jays along with Bowden Francis in a July 2021 deal that saw Rowdy Tellez swapped to the Brewers.  2021 was also the year that saw Richards fully assume a bullpen role after working mostly as a starter earlier in his career, and Richards has been a long relief option (with the occasional start in a bullpen game) over his stint in Toronto.

Richards’ performance has been inconsistent, as he leaves the Jays with a 4.75 ERA over his 221 2/3 total innings with the team.  This season, Richards has a 4.64 ERA in 52 1/3 innings with a subpar 11% walk rate and a 22.5% strikeout rate that is around league average.  The latter number is way down from the 31.3K% Richards posted in 2021-23, though his barrel rate is much improved from the previous three seasons.

It should be noted that Richards had a 2.44 ERA as recently as July 3, but he has been torched for 15 runs over his last eight appearances.  Richards might’ve had somewhat limited trade value anyway as a rental reliever who isn’t usually used in high-leverage situations, but this rough stretch in the last few weeks certainly didn’t help the Blue Jays’ efforts to move the 31-year-old.

Richards has about $710K remaining on his $2.1MM salary for the 2024 season, making him a pretty inexpensive addition to Minnesota’s relief corps.  Recent reports indicated that the Twins don’t have much money to work with for deadline upgrades, as their estimated (as per RosterResource) $128.5MM payroll could represent something closer to the upper limits of what ownership is willing to spend.  Concerns over broadcasting revenue have been a big story for the Twins over the last year, resulting in both a pretty quiet offseason and what had been a quiet deadline push — the Twins were the last team to swing a trade within the week.

These financial limitations add another layer of difficulty to the Twins’ plans to upgrade a team that is in possession of an AL wild card berth.  For the Jays, their deadline semi-fire sale continues, as Richards joins Yusei Kikuchi, Justin Turner, Yimi Garcia, Danny Jansen, and Nate Pearson as players moved in the last couple of weeks.

Harry was a sixth-round pick for the Twins in the 2023 draft, and he just turned 22 years old within the last couple of weeks.  The Penn State product has a .214/.306/.349 slash line over 340 plate appearances for high-A Cedar Rapids this season, playing primarily at shortstop and second base while also getting some time at third base and in all three outfield positions.  This versatility might help Harry’s chances of climbing the minor league ladder as a super-utility man, though naturally he’ll need to show a bit more at the plate.

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Minnesota Twins Toronto Blue Jays Transactions Trevor Richards

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Yankees Trade Caleb Ferguson To Astros

By Anthony Franco | July 30, 2024 at 3:17pm CDT

The Astros have acquired lefty reliever Caleb Ferguson from the Yankees in exchange for minor league pitcher Kelly Austin and international signing bonus space, according to an announcement by New York. Houston is reportedly sending $750K in bonus room.

New York acquired Ferguson from the Dodgers over the offseason. He has had a difficult season, pitching to a 5.13 ERA over 42 appearances. That’s in part because of poor sequencing, as he has only stranded 62.2% of baserunners. Yet Ferguson has also been somewhat homer prone and is issuing walks at an elevated 10.3% clip.

Ferguson is still missing a decent number of bats. He’s striking out 26.5% of opponents behind an 11.5% swinging strike rate. Those are each in line with his career marks, although his 93.7 MPH average fastball speed is a bit below the 95-96 MPH range he’d posted over the previous two seasons.

Over parts of five seasons with the Dodgers before last winter’s trade, Ferguson turned in a 3.43 earned run average. He had an identical mark across 60 1/3 frames last season. Ferguson doesn’t have much in the way of a platoon split for his career, so he’s not an ideal fit as a situational specialist, but he’s only a year removed from being a solid overall middle reliever.

The Astros have been light on left-handed relief for the past few seasons. They signed Josh Hader to a five-year contract last winter, but he’s obviously holding down the ninth inning. Houston hasn’t had much in the way of a middle innings option for manager Joe Espada, though that generally hasn’t been a priority for their front office. Aside from Hader, only rookie Bryan King and Parker Mushinski have logged any action out of the bullpen as southpaws.

New York is similarly light on left-handed bullpen options, though they might take a bigger swing on the trade market in the next three hours. Tim Hill stands as the only southpaw in their current relief mix. The Yanks could be involved on top rental lefty Tanner Scott or a less exciting target like Tanner Banks or old friend Justin Wilson.

Ferguson is making $2.4MM in his final year of arbitration. There’s a little less than $800K in salary for the stretch run. The Yankees are paying a 110% tax on salary, so offloading Ferguson saves them around $2MM. Houston is in the second luxury tax bracket, so they’re paying a 32% tax — around $250K — to pick him up. He’ll be a free agent next offseason.

Austin, 23, is a former undrafted free agent out of UCLA. He has worked out of the bullpen in the low minors this season, turning in a 2.21 ERA across 36 2/3 innings. The 6’0″ righty has dominated low minors competition, striking out 31% of opponents while issuing walks at a meager 4.7% clip.

Jack Curry of the YES Network first reported the Astros were acquiring Ferguson for a minor leaguer and international bonus pool space. Chandler Rome of the Athletic identified the player as Austin and reported the $750K figure.

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Houston Astros New York Yankees Transactions Caleb Ferguson

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Mets Acquire Paul Blackburn

By Anthony Franco | July 30, 2024 at 3:15pm CDT

The Mets strengthened their rotation depth, acquiring Paul Blackburn from the A’s for pitching prospect Kade Morris. Both teams have announced the deal.

New York was pressed into looking for a starter by the recent injuries to Christian Scott and Kodai Senga. New York was contemplating dealing from their rotation as recently as a few weeks ago. Scott went down with a UCL sprain while Senga’s return from the injured list was short-lived. He strained his calf in his season debut and might miss the rest of the year.

Blackburn has missed a good chunk of the year himself. He was shelved from early May onward by a stress reaction in his right foot. The A’s only reinstated him from the injured list last week. Blackburn tossed five innings of four-run ball against the Angels in his final start in an Oakland uniform. Including his eight appearances before landing on the shelf, he owns a 4.41 ERA through 51 innings.

The 30-year-old Blackburn made an All-Star team a couple seasons ago. He’s nevertheless more of a solid back-end arm than a high-end starter. Blackburn doesn’t throw especially hard and typically doesn’t miss a ton of bats. Last season’s 22.4% strikeout rate was a personal high, though that number typically lands closer to this year’s 18.3% mark. Blackburn attacks the strike zone and keeps the ball on the ground at an average or better clip.

Blackburn has posted an ERA in the low-4.00s in three straight seasons. While the A’s have used him exclusively out of the rotation, the Mets could give him a look in long relief. New York’s starting five consists of Luis Severino, Sean Manaea, Jose Quintana, David Peterson and Tylor Megill. Blackburn could stay stretched out for multiple innings in the bullpen or displace one of Peterson or Megill from the rotation. José Buttó is also on hand but the Mets seem to prefer him in a relief role rather than stretching him back out for starting work.

It comes at a fairly modest financial cost. Blackburn is playing on a $3.45MM arbitration salary, around $1.132MM of which remains. He’ll be eligible for what should be a slight raise next season before reaching free agency after the ’25 campaign. New York is paying a 110% tax on whatever salary they take on this summer, so this will cost them roughly $2.38MM for the stretch run.

Morris, 22, was New York’s third-round pick a year ago. The University of Nevada product has combined for a 3.51 ERA in 92 1/3 innings between two A-ball levels. He’s striking out an above-average 24.1% of opponents against a 7.6% walk rate. Baseball America ranked the 6’3″ righty as the #26 prospect in the New York farm system. BA credits him with a solid four-pitch mix and above-average athleticism and control. There’s no headline offering in the arsenal, but Morris has the makings of a potential starter down the line.

ESPN’s Jeff Passan first reported the Mets and A’s were nearing a Blackburn trade. Joel Sherman of the New York Post confirmed that agreement was in place. Will Sammon of the Athletic first reported the A’s would get Morris in return.

Image courtesy of USA Today Sports.

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New York Mets Newsstand Oakland Athletics Transactions Paul Blackburn

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Royals Acquire Lucas Erceg

By Darragh McDonald | July 30, 2024 at 3:10pm CDT

The Royals have acquired right-hander Lucas Erceg from the Athletics, per announcements from both clubs. The A’s receive right-handers Mason Barnett and Will Klein as well as outfielder Jared Dickey.

Erceg took an unusual path to being a midseason trade target. He was drafted by the Brewers as a third baseman back in 2016 but flamed out as a hitter and eventually moved to the mound. In 2021, he tossed 47 2/3 innings at the Double-A level, allowing 5.29 earned runs per nine. As you might expect for a new convert to pitching, control was an issue at first. Erceg gave out walks to 16.4% of batters faced that year but he also got strikeouts at a decent 21.1% clip and grounders at a strong 56.8% rate.

He has generally made positive progress in each season since as he has become more accustomed to his new career path. In 2022, he logged 61 1/3 innings between Double-A and Triple-A with a 4.55 ERA, a decent step forward from the prior season. His strikeout and walk rates also improved to 24.4% and 13.1%, respectively.

In 2023, he started the year back at Triple-A before he was traded from Milwaukee to Oakland in a cash deal, with the A’s adding him to their roster shortly thereafter. He tossed his first 55 major league innings last year with a 4.75 ERA, 27.1% strikeout rate, 14.3% walk rate and 46.1% ground ball rate. The control was still an issue but it was an encouraging debut nonetheless, especially for a guy with such a limited track record on the mound. He averaged 98 miles per hour with both his four-seam fastball and his sinker while also throwing a changeup, slider and cutter.

His second major league season has seen him continue to grow. His 26.3% strikeout rate is a slight drop from last year but he has cut his walk rate all the way down to 8.3%, with his ground ball rate also creeping up to 50.5%. That’s resulted in a 3.68 ERA in 36 2/3 innings, with Erceg racking up three saves and 12 holds on the year.

The A’s didn’t necessarily have to trade Erceg now. He came into this season with less than a year of service time, meaning he can still be retained for five seasons after the current campaign, but there are also logical reasons why they were tempted to make him available.

Due to his unusual trajectory, Erceg is now 29 years old. With the A’s deep in a rebuild, he will be in his early 30s and into his arbitration seasons by the time they are likely to be competitive again. Relievers are generally considered pretty volatile in general and that might be even more true with Erceg, who has such limited experience relative to most of his peers. Rather than hold him and take the risk that his performance takes a downturn or he suffers an injury, the A’s decided to make him available at this deadline, while the industry consensus has generally been that the acquisition costs for pitching have been quite high.

The Royals have surged back into contention after many years of struggles and have been aggressive in bolstering their roster for a playoff push. The bullpen has naturally been a target area for the club this year, as their relievers have a collective 4.30 ERA that places them 24th in the majors. Their 18.6% strikeout rate is actually second to last, ahead of only the Rockies.

They acquired Hunter Harvey from the Nationals recently and this trade for Erceg will give them a couple of fresh arms who both have big punchout potential. They also added Michael Lorenzen as a swingman to bolster the group in general, as he can help them in multiple ways.

Considering the A’s just got Erceg in a cash deal last May, they are likely quite happy to cash him in for three younger players barely over a year later. Barnett, 23, was a third-round pick of the Royals in 2022. He made 23 starts last year between High-A and Double-A with a 3.30 ERA, 28.8% strikeout rate and 10.5% walk rate. His ERA has jumped to 4.91 at Double-A this year but with similar peripherals. His .336 batting average on balls in play and 64.2% strand rate are probably masking those underlying metrics, as he has a 27.4% strikeout rate and 9% walk rate. Baseball America currently lists him as the #11 prospect in the Royals’ system while FanGraphs has him slightly higher at #7.

Klein, 24, is a reliever who made his major league debut this year. He has 5 2/3 innings in the show so far with a 6.35 ERA. Command appears to be the biggest issue with him. Since being selected in the fifth-round of the 2020 draft, he has tossed 216 minor league innings with a 5.17 ERA. His 30.7% strikeout rate is quite impressive but he’s also given free passes to 16.1% of batters that have come to the plate. BA and FG both put him at #16 in the system.

Dickey, 22, was just drafted in the 11th round last year. He’s slashing .269/.360/.424 in High-A this year for a wRC+ of 127 and has also stolen eight bases. Neither BA nor FG have him on their KC prospect lists.

Jeff Passan of ESPN first reported on X that Erceg was headed to the Royals. Mark Feinsand of MLB.com reported the return on X.

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Kansas City Royals Newsstand Oakland Athletics Transactions Lucas Erceg Will Klein

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Mariners Acquire JT Chargois

By Leo Morgenstern | July 30, 2024 at 3:04pm CDT

The Mariners have landed right-hander JT Chargois in a deal with the Marlins, The Athletic’s Ken Rosenthal reports (X link). In return, the Marlins will receive minor league right-hander Will Schomberg, as reported by Christina De Nicola of MLB.com (X link).

Chargois began the 2024 season on the injured list due to neck spasms and did not make his 2024 debut until mid-June. Since his return from the IL, the 33-year-old has put up excellent surface-level numbers, having allowed just three earned runs over 16 2/3 innings. However, he has struck out only 12 batters (16.9% K%) while walking seven (9.9% walk rate), and all three runs he has given up have come on home runs. What’s more, he is inducing groundballs at just a 34.6% rate, well below his 52.9% career average entering the season. As a result, Chargois’s underlying numbers are not nearly as impressive as his sparkling ERA; he has a 4.74 SIERA and 5.21 xERA, both of which would be the worst of his career. Even more worrisome, his fastball velocity has decreased significantly. His sinker, which averaged 96.3 mph last season, is down to 94.4 mph this year.

With all that said, Chargois has been an effective reliever in the recent past. Over 211 2/3 career innings with the Twins, Dodgers, Mariners, Rays, and Marlins, he has a 3.40 ERA and 3.84 SIERA. He was particularly effective from 2021-23, following his return from a brief stint in NPB. Across those three seasons, the righty went 9-1 with a 2.89 ERA and 3.99 SIERA over 118 1/3 innings. Perhaps a return to Seattle – an organization known for developing excellent pitching – will help Chargois get back on the right track. After all, it was the Mariners who took a chance on him in 2021 after his difficult 2019 season with the Dodgers (6.33 ERA in 21 1/3 IP) and poor performance in Japan (4.58 ERA in 35 1/3 IP). He pitched to a 3.00 ERA in 30 IP with Seattle over the first four months of the season before he was traded to Tampa Bay at the deadline.

Chargois will presumably slot into a middle relief role in the Mariners’ bullpen. Seattle ranks 12th in MLB with a 3.76 bullpen ERA and sixth with a 3.54 bullpen SIERA this season. Every reliever currently on the team’s active roster has a SIERA under 3.70, but the Mariners surely understand that there is no such thing as too much bullpen depth down the stretch. Chargois, who is earning $1.285MM this season, will be eligible for arbitration one more time in 2025.

Schomberg signed with the Mariners organization as an undrafted free agent in July of 2023. He has split the 2024 season between Single-A and High-A, pitching to a 2.83 ERA and 4.23 FIP in 19 starts (92 1/3 innings). Eric Longenhagen of FanGraphs included Schomberg among the “other prospects of note” beyond his top 34 prospects in the Mariners system earlier this month. Longenhagen praised the righty’s “elite breaking ball spin,” noting the success he had “throwing a lot of cutters and curveballs” before his promotion to High-A.

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Miami Marlins Seattle Mariners Transactions J.T. Chargois

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Yankees Scratch Gerrit Cole With Body Fatigue, To Select Will Warren

By Anthony Franco | July 30, 2024 at 2:59pm CDT

The Yankees scratched Gerrit Cole from tonight’s scheduled start against the Phillies due to general body fatigue. Well-regarded pitching prospect Will Warren is getting the call for a spot start in what’ll be his major league debut. The Yankees will need to select him onto the 40-man roster, which has two vacancies pending their deadline activity.

There’s no indication this is anything more than a day-to-day issue. Yet it’s at least worth monitoring after Cole missed the first half of the season with elbow inflammation. Cole has made seven starts since being reinstated in the middle of June. He owns an uncharacteristic 5.40 ERA thanks largely to nine home runs allowed.

If the Yankees are at all concerned about Cole’s health, it could impact their approach to the deadline over the next two hours. They’ve already been tied to starting pitchers, including to Jack Flaherty at the top of the market. There are rumblings the Yanks could even add an impact starter like Flaherty and look to flip Nestor Cortes.

Warren, 25, is a former eighth-round pick who has developed into one of New York’s top prospects. He ranks seventh among Yankees farmhands at Baseball America. Warren’s arsenal is headlined by his mid-90s fastball and potential plus slider. He has a shot to be a mid-rotation starter. The Southeastern Louisiana product has started 20 times in Scranton. His 6.11 earned run average is disappointing, but Warren has an impressive 27.1% strikeout rate against a manageable 8.2% walk percentage.

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New York Yankees Transactions Gerrit Cole Will Warren

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Alex Verdugo Receiving Trade Interest

By Mark Polishuk | July 30, 2024 at 2:48pm CDT

An unknown number of teams have been in touch with the Yankees about Alex Verdugo’s availability, according to reporter Francys Romero (X link).  There doesn’t appear to be any sense that a trade is particularly close, though another source tells Romero that it isn’t out of the question that Verdugo could be moved.  Verdugo would be a pure rental for any acquiring team, and he is owed roughly $2.9MM for the remainder of the season (from his $8.7MM salary).

New York just picked up Verdugo this past offseason, as a rare trade between the Yankees and Red Sox resulted in the outfielder coming to the Bronx for his final arbitration-eligible season.  Verdugo got off to a nice start with his new team by hitting well over the first five weeks of play, but his production has since gone south, with a .222/.264/.346 slash line in his last 297 plate appearances.  He is providing strong glovework as the regular left fielder, but Verdugo’s 90 wRC+ for the season has added to the Yankees’ overall difficulty in finding consistent offense beyond Aaron Judge and Juan Soto.

Giancarlo Stanton’s return from the injured list fills one hole in the lineup, and with Stanton getting the bulk of DH duty, Judge will resume the everyday center field role.  Trent Grisham and utilityman Oswaldo Cabrera could get some left field work in the event of a Verdugo trade, but the likelier scenario would be that the Yankees would again call up star prospect Jasson Dominguez, who was recently activated from the Triple-A injured list.

Dominguez didn’t make his 2024 debut until mid-May due to his recovery from Tommy John surgery, and he got only about a month’s worth of action before an oblique strain shelved him for roughly six weeks.  With only 25 games under his belt this season, the Yankees might want to give him a bit more Triple-A time to make sure Dominguez is fully healthy and ramped up, though his big numbers at the plate indicate that he doesn’t have much less to prove against minor league pitching.  Dominguez wowed baseball with a .980 OPS in his first 33 PAs as a big leaguer last season before the TJ surgery brought his debut year to an abrupt end.

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New York Yankees Alex Verdugo

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Angels Acquire Mike Baumann From Giants

By Darragh McDonald | July 30, 2024 at 2:10pm CDT

2:10pm: The Angels announced that they have acquired Baumann from the Giants for cash considerations.

2:00pm: The Angels are acquiring right-hander Mike Baumann from the Giants, reports Robert Murray of FanSided on X. The righty was designated for assignment by the Giants a few days ago. It’s unclear what that club is receiving in return. The Angels have open 40-man spots and won’t need to make a corresponding move.

Baumann, 28, spent his entire professional career with the Orioles prior to 2024 but has spent the year bouncing around the league. He exhausted his final option year in 2023 and has therefore found himself on the transaction logs many times. He was designated for assignment by the O’s in May and has since gone to the Mariners, Giants and now Angels in small trades after DFAs.

Pitching for three different clubs this year, he has a 4.84 earned run average in 35 1/3 innings. His 20.8% strikeout rate, 10.7% walk rate and 40.2% ground ball rate are each a bit worse than league average.

But he seemed to be a solid bullpen piece as recently as last year. He tossed 64 2/3 innings for Baltimore with a 3.76 ERA, 22.3% strikeout rate and 42% ground ball rate, though the 12.1% walk rate was on the high side.

The Angels traded away Carlos Estévez recently and could make further subtractions from their pitching staff. Tyler Anderson and Griffin Canning are each controlled through 2025 and could be moved today. Guys like Matt Moore and Hunter Strickland are impending free agents. Bauman will finish this year with over two years of service time, meaning he could be retained for four further seasons if he continues to hang onto a roster spot.

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Los Angeles Angels San Francisco Giants Transactions Mike Baumann

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Guardians To Acquire Alex Cobb

By Steve Adams | July 30, 2024 at 2:02pm CDT

The Guardians and Giants are in the process of finalizing a trade that will send veteran right-hander Alex Cobb from San Francisco to Cleveland, reports ESPN’s Jeff Passan. Zack Meisel of The Athletic reports that there’s an agreement in place, with Cleveland sending minor league lefty Jacob Bresnahan and a player to be named later to San Francisco in the swap.

Cobb has yet to pitch this season after opening the year on the injured list while rehabbing from offseason hip surgery. He was expected back sooner in 2024, but multiple setbacks — including a shoulder issue and blister troubles — slowed his recovery. He’s on the cusp of being reinstated from the injured list at this point, however, and could pitch within the next week. Joel Sherman of the New York Post tweets that the Guardians’ plan for Cobb is to make one final rehab start before his reinstatement. He last pitched on the 26th and should be on turn to throw again tomorrow.

The 36-year-old righty is in the final season of what was originally a two-year, $20MM deal but became a three-year, $28MM contract after the Giants chose to exercise a $10MM club option rather than pay a $2MM buyout. He’s still owed $3.333MM of this year’s salary between now and season’s end.

Though Cobb has yet to pitch in 2024, he’s been a rock-solid rotation arm for the Angels and Giants over the past three seasons, pitching to a combined 3.79 ERA with a 22.8% strikeout rate and 6.9% walk rate in 394 1/3 innings. He’s started 74 games in that time, averaging about 5 1/3 frames per outing.

The Guardians, who’ve lost Shane Bieber for the season and had to option Triston McKenzie and Logan Allen due to notable struggles, have been relying on a patchwork staff including veteran Carlos Carrasco and journeyman Ben Lively. Lively has exceeded expectations, but Carrasco has struggled to a 5.68 ERA in 95 innings (19 starts). The Guards recently called on rookie southpaw Joey Cantillo for his MLB debut as well. The only steady presences in the rotation at the moment are righties Tanner Bibee, Gavin Williams (who opened the season with a monthslong IL stint) and Lively.

In return for Cobb, the Giants will add Cleveland’s 13th-round pick from the 2023 draft (Bresnahan) and a PTBNL. The 19-year-old Bresnahan was an over-slot add for Cleveland in the 13th, signing for a $375K bonus ($225K of which counted against the Guardians’ pool). That’s the equivalent of a signing bonus near the tail end of the fifth round in the draft.

Baseball America ranked Bresnahan as the No. 491 prospect in last year’s draft. He’s not considered to be among the Guardians’ top prospects but has had a nice start in the low minors after getting hit hard in last summer’s pro debut. He’s pitched 50 innings between Cleveland’s Rookie-level ACL and Class-A affiliates, logging a 2.70 ERA with a 32.5% strikeout rate and 8.9% walk rate. BA’s scouting report on Bresnahan from the draft notes an upper-80s/low-90s heater (which could add velocity as he continues to mature) and a changeup that has the potential to be an above-average pitch.

With Cobb now out of the fold in San Francisco, the Giants will likely go with young Hayden Birdsong to follow Logan Webb, Blake Snell, Robbie Ray and Kyle Harrison. The Giants surely wanted to get Birdsong a look after he’s impressed in six big league starts (2.97 ERA, 30 1/3 innings, 30.2 K%, 11.9 BB%) and shown well in the upper minors as well. With Cobb out of the mix, that’s now easier to accomplish.

That said, the Giants could easily have gone to a six-man rotation. They’ve been anything but adherent to the conventional five-man rotation under the watch of president of baseball operations Farhan Zaidi, after all. The Cobb trade was very likely as much about the modest return and an opportunity for Birdsong as it was shedding the remainder of Cobb’s contract once a taker presented itself. The Giants shed the remainder of Jorge Soler’s contract in last night’s deal with the Braves, and adding Cobb to the pile trims more than $30MM off the books in total — all while dropping the Giants down a tier in terms of luxury-tax penalization.

The Giants will be hard-pressed to actually duck beneath the $237MM threshold, barring a trade of a major contract like Snell or Ray, but the Cobb trade alone will spare them a bit shy of $4MM when factoring in his remaining salary and their 20% tax on his contract’s AAV.

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Cleveland Guardians Newsstand San Francisco Giants Transactions Alex Cobb Jacob Bresnahan

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