Offseason In Review: Chicago White Sox

The White Sox made an early splash by signing a powerful 27-year-old Cuban first baseman, acquired a new center fielder, swapped their closer for a third base prospect, and tinkered with small-scale free agent signings.

Major League Signings

Notable Minor League Signings

Trades and Claims

Notable Losses

Needs Addressed

White Sox GM Rick Hahn explained his plan to Paul Sullivan of the Chicago Tribune in late October: "Obviously getting better quickly is the goal, but the final determining factor is whether it's going to make us better for an extended period of time. I'm not going to keep churning this thing every two years with short-term fixes. Eventually you have to pay the piper for that and we want to set up something that's sustainable over an extended period."  Hahn also made it clear in various offseason interviews that he felt good about the team's pitching depth and aimed to add position players.

Abreu-Jose

It's no surprise, then, that the key moves of Hahn's offseason involved acquiring three position players.  Jose Abreu (pictured), Adam Eaton, and Matt Davidson are all in their 20s, with Abreu the oldest at 27.  Abreu is controlled through 2019, Eaton through '18, and Davidson through '19 or later.  The newly-acquired trio is Major League ready or close to it, as is summer acquisition Avisail Garcia.

As I explained shortly before the October signing, Abreu checks all the boxes for the White Sox: long-term value, a contract that isn't monstrous by typical free agent standards, and no loss of a draft pick to sign him.  Five teams offered $60MM+ for the Cuban slugger, but the White Sox prevailed with a six-year, $68MM deal that stands as the largest ever for an international free agent and the largest in team history.  The White Sox hope Abreu can provide 30+ home runs annually as their first baseman for the next six years.

The Eaton trade was struck during baseball's Winter Meetings, in a collaboration with the Diamondbacks and Angels.  The main piece the Sox had to surrender was 26-year-old southpaw Hector Santiago, who compiled a 3.51 ERA, 8.4 K/9, 4.3 BB/9, and 1.10 HR/9 in 130 2/3 innings as a starter in 2013 and remains under team control through 2017.  With Erik Johnson and Andre Rienzo coming on, the White Sox had the depth to spare Santiago, who still has to figure out command and home run issues.

Eaton, often described as a "dirtbag" type of ballplayer, comes with questions of his own.  The former 19th round draft pick exceeded expectations in the minor leagues, earning a cup of coffee with Arizona in 2012 and becoming a popular Rookie of the Year candidate for 2013.  However, that spring he sprained the UCL in his left elbow, and didn't return to the big leagues until July.  Eaton is 25 with only one healthy month in the Majors to his name.  The White Sox are gambling that he can be the scrappy consistent on-base threat with good defense that he appeared to be one year ago.

The third major pickup was Davidson, who was also acquired from Arizona.  The Sox snagged Davidson straight-up for closer Addison Reed, a 25-year-old with four years of team control remaining.  As MLBTR's Jeff Todd noted in his D'Backs Offseason In Review, Reed is not without his flaws, and the cost of saves in arbitration may cut down his years of team control.  Davidson, 23 this month, hit .280/.350/.481 with 17 home runs in 500 Triple-A plate appearances and picked up 87 late-season plate appearances with the big club.  Ranked 88th among all prospects by ESPN's Keith Law, Davidson "should be an above-average regular at third base given a season or two there to continue to progress."  If that is the eventual outcome, the White Sox did very well in acquiring Davidson for perhaps three years of a good (and increasingly expensive) closer.

The White Sox traded Jesse Crain and Matt Thornton during the season and Reed in the offseason, so the bullpen demanded fresh arms.  Hahn kept the commitments relatively light, exercising Lindstrom's option, and signing Belisario, Downs, and Boggs for a total of $12.1MM.  Belisario and Boggs were non-tendered by their previous teams in December, and the Sox can control them beyond 2014 if it makes sense.

Belisario and Boggs will be projects for renowned pitching coach Don Cooper, as will scrap heap rotation hopeful Felipe Paulino.  The 30-year-old last had significant time in the Majors in 2011, undergoing Tommy John surgery in July 2012 and shoulder surgery in September 2013.  When he was right, Paulino whiffed about a batter per inning and consistently worked at 95 miles per hour, and the White Sox could have the bargain of the offseason if they can get 25+ starts out of him.  The White Sox did at least look into a bigger addition for the rotation, Japanese righty Masahiro Tanaka.  After an exploratory meeting with the pitcher in January, the Sox made an offer that one GM guessed was around $100MM.  It doesn't seem that the Sox came close to signing Tanaka.  As with their crosstown rivals, potentially paying him $108MM over the next four years did not make sense, even if his ability and youth were worth a bid.

In a process that dragged into December, White Sox all-time great Paul Konerko signed on for one more year at a meager $2.5MM.  It was a sentimental signing of a limited player who fits poorly onto the team's roster.  As explained by Jim Margalus of South Side Sox in an excellent reflection on the move, "Even the most ardent Konerko supporters acknowledge that he's significantly compromising the roster, but they're writing it off as a fair sacrifice because of the alleged effect he has on others."  The signing reminds me of the Mariners bringing Ken Griffey Jr. back for the 2010 season, which didn't end well.

On the coaching front, the White Sox added hitting coach Todd Steverson in October, and extended manager Robin Ventura in January to avoid him entering 2014 in lame-duck status.

Questions Remaining

Despite the positive vibes from Rick Hahn's offseason, the White Sox still have a below-average collection of 25-and-under players and a farm system that Baseball America ranks 24th and Keith Law ranks 27th in the game.  The 2014 draft will continue pushing things in the right direction, as the Sox have the third overall pick and a bonus pool near $10MM.  Still, Hahn and company want to get back to contention quickly, and the team needs a good amount of work in the short-term.

The Sox never did address their catching situation this offseason, instead deciding to give the Tyler Flowers/Josh Phegley tandem another shot.  I've heard they had significant interest in free agent Jarrod Saltalamacchia, particularly if he could have been had on a two-year deal, but Salty wound up with the Marlins on a three-year pact.  The Sox picked up Adrian Nieto in the Rule 5 draft, but keeping a Double-A type backstop on the Major League roster all season would be challenging.

The acquisition of Eaton seemingly pushed Alejandro De Aza into a fourth outfielder role, for which he may be best suited anyway.  With a $4.25MM salary, De Aza might have more value to another team, and it's likely the Sox will continue to explore trades.  Then there's 25-year-old Dayan Viciedo, who hit 25 home runs in 2012 but slumped last year.  He's controlled through 2017 and could still be a long-term piece, but I imagine the Sox will be open-minded to trade proposals.

Chicago's middle infield tandem of Gordon Beckham and Alexei Ramirez has come up in trade rumors in the last year.  The disappointing Beckham has two years of team control remaining, while Ramirez is signed through 2015 with a club option for '16.  Ramirez is guaranteed $20.5MM over the next two years, his age 32-33 seasons.  His trade value could be limited by the continued availability of free agent shortstop Stephen Drew.  Both Beckham and Ramirez figure to frequent the pages of MLBTR this summer.

The White Sox have uncertainty at the back of their bullpen after the Reed trade, with Nate Jones the current favorite to close games in 2014.  The franchise hasn't put together a particularly strong bullpen since their 2005 World Championship season.  

Deal of Note

If an MLB team wants to throw a large, unrestricted sum of money at a player in his mid-20s, players coming over from Cuba and Japan are basically the only options.  The White Sox took advantage of the opportunity by signing Abreu.  At $68MM, his contract defied my expectations by a good 25%, but it still leaves room for upside.  Accounting for the cost of a draft pick, the Mets paid a similar amount for Curtis Granderson's age 33-36 seasons, a deal that strikes me as mostly downside risk.  If Abreu can provide the White Sox with 25+ home runs per year, a .340 OBP, and average defense, he'll easily be worth $11.3MM per year compared to continually rising market prices.  And certainly, there's some chance of Abreu's power translating to a few 35-40 home run seasons in the bigs.

It should be noted that given the standard clause allowing Abreu to opt for arbitration once eligible, he might end up being paid more than $68MM over the next six years.  In particular, given good production he'll prefer arbitration over the sixth year of the contract, and possibly even the fifth.  If he's good enough to justify that, it will be worth the extra money for Chicago.

Overview

This is rebuilding, White Sox style.  Like any team trying to improve its young talent base, they've recently taken a few steps back in the name of the greater good.  But unlike the Cubs or Mets, the White Sox aren't on a four or five-year plan.  Hahn has been acquiring Major League ready talent, and while the White Sox are a long shot for 2014, don't count them out for '15.

Photo courtesy of USA Today Sports Images.

Out Of Options Players: NL East

The following 40-man roster players have less than five years service time and are out of minor league options.  That means they must clear waivers before being sent to the minors, so the team would be at risk of losing them in attempting to do so.  I've included players on multiyear deals.  This list was compiled through MLBTR's sources.  Next, we'll take a look at the NL East.

Braves: Cory Gearrin, David Carpenter, Ramiro Pena, Jordan Schafer, Anthony Varvaro

Carpenter is a lock for a bullpen spot.  On Friday, Braves manager Fredi Gonzalez said of Varvaro, "Who knows? It's so early.  If we had to break Spring Training today or tomorrow to start the season, I'd count on him. He'd be one of the guys in the bullpen," talking to MLB.com's Spencer Fordin.  Gearrin is among a host of pitchers competing for two other spots in the pen; he told Mark Wiedmer of the Chattanooga Times Free Press in February his shoulder was 100% after being shut down for the final two months of the 2013 season.

Pena will serve as the Braves' primary utility infielder, and Schafer will be the fourth outfielder.

Marlins: Mike Dunn, Garrett Jones, Brian Bogusevic, Brad Hand, Jacob Turner

Beyond Steve Cishek, A.J. Ramos, and Dunn, the Marlins' bullpen picture is "extremely muddled," wrote Clark Spencer of the Miami Herald recently.  As for the rotation, Turner looks like the team's fourth starter, with Hand, Tom Koehler, Kevin Slowey, and Brian Flynn in the mix for the last spot, according to MLB.com's Joe Frisaro.  Spencer noted that Hand could land in the bullpen if he doesn't crack the rotation.

Jones was signed to be the team's primary first baseman.  Bogusevic, acquired from the Cubs for Justin Ruggiano in the offseason, seems to have a leg up to become the team's fourth outfielder.

Mets: Eric Young Jr., Ruben Tejada, Carlos Torres

Young's spot on the team is secure.  Tejada is the starting shortstop, though the Mets seem to be considering upgrades such as Stephen Drew or Nick Franklin.  In the event they acquire someone, the Mets could entertain trading Tejada or just put him in a reserve role.

Torres is a lock for the Mets' bullpen, wrote Adam Rubin of ESPNNewYork.com a week ago.

Nationals: Jose Lobaton, Jerry Blevins, Tyler Clippard, Ross Detwiler

Detwiler will be on the Nationals' pitching staff in some capacity, either as the fifth starter or a member of the bullpen.  Lobaton, Blevins, and Clippard are secure.

Phillies: John Mayberry Jr., Kevin Frandsen, Brad Lincoln

Mayberry and Frandsen were given guaranteed arbitration contracts, noted Matt Gelb of the Philadelphia Inquirer in February, giving them a leg up on bench jobs.  Yesterday, Gelb wrote that Phillies GM Ruben Amaro Jr. "continues to dangle Mayberry this spring in trade talks."  Mayberry is competing with Darin Ruf for a bench spot.  A week ago, Chris Branch of The News Journal took a look at the Phillies' backup infield situation.  Freddy Galvis is a near lock to make the team, with Frandsen battling Ronny Cedeno, Andres Blanco, Cesar Hernandez, and Reid Brignac for the one remaining spot.

Five days ago, Ryan Lawrence of the Philadelphia Daily News termed Lincoln to be "likely a favorite" for a bullpen spot, because of his option situation as well as past big league success.

Orioles Notes: Machado, Extensions, Santana, Schoop

Orioles executive vice president Dan Duquette spoke with reporters today, including MLB.com's Britt Ghiroli, and covered a host of topics, beginning with Manny Machado. The standout third baseman called his $519K salary for the 2014 season "disappointing" last night, but Ghiroli reports that Machado will also receive a $100K bonus for winning a Platinum Glove award — an award being the best defensive player, regardless of position, in the league. Here's more on Machado and the Orioles…

  • Duquette told Ghiroli and others today that the team visited the idea of a long-term deal for Machado last year, but talks didn't come to fruition. Those talks weren't resumed this spring, as the focus has been on getting Machado healthy. The third baseman said to Rich Dubroff of CSNBaltimore.com (Twitter link), however, that he likes the idea: "I’d be up for it, I’m open to it. Nothing has come up yet."
  • Duquette added that there is no progress to report on extension talks with J.J. Hardy, Chris Davis or Matt Wieters. Hardy told Dan Connolly of the Baltimore Sun that it's been 17 days since his agent even had discussions with the Orioles' front office (Twitter link). He's set to hit free agency next winter, while Davis and Wieters are controlled through 2015. Machado, of course, is under control for much longer and cannot become a free agent until the 2018-19 offseason.
  • The market for Ervin Santana has become "interesting," per Duquette, who alluded to the fact that other teams are beginning to show interest due to various injuries in camp. Most notably, the Braves have begun to show interest in Santana after an MRI showed ligament damage in Kris Medlen's right elbow.
  • Ghiroli wrote last night that top prospect Jonathan Schoop is impressing the Orioles both on and off the field with his relentless work ethic and his constant desire to pick the brains of veteran players to learn something new. Schoop added a good deal of muscle this offseason and is making a strong case to open the season as Baltimore's second baseman. However, he'd never be here if his baseball coach at age 13 hadn't slapped him on the back of the head and pulled him off a soccer field, Schoop recalled. The now-6'2", 228-pound Schoop had decided to try focusing on soccer, believing himself to be too small (he was 5'4" at the time).

Angels Release Mark Mulder

The Angels have released left-hander Mark Mulder, tweets Bill Shaikin of the Los Angeles Times. Mulder's comeback attempt was cut short by a freak injury in which he ruptured his Achilles tendon during agility drills.

The former All-Star signed a minor league deal with the Angels in January that would have allowed him to earn as much as $6MM in incentives. Mulder was a workhorse from 2001 to 2005 for the Athletics and Cardinals, averaging 211 innings per season with a 3.65 ERA. However, shoulder issues limited him to just 106 innings from 2006 to 2008, his last year in the big leagues. He had worked as an analyst with ESPN since 2011.

Aaron Steen contributed to this post.

Central Links: Diaz, Scherzer, Capuano, Indians, Coke

New Cardinals prospect Aledmys Diaz participated in team drills with the club on Monday but will return to Mexico next week to receive a work visa that will allow him to compete in Spring Training games, writes Derrick Goold of the St. Louis Post-Dispatch. GM John Mozeliak said the club will have Diaz focus on shortstop rather than trying to carve out a utility role. However, asked about the overlap between Diaz's contract and that of fellow offseason signee Jhonny Peralta, Mozeliak simply said, "Jhonny Peralta is our shortstop. We think he's really good."

Here's more from baseball's Central divisions…

  • The Post-Dispatch's Rick Hummel writes that the Cardinals were Missouri native Max Scherzer's dream team growing up. Scherzer told Hummel he always envisioned playing for the Cards as a kid, and he had the chance to do so when St. Louis drafted him in the 43rd round out of high school. However, Scherzer honored his commitment to Mizzou and now doesn't think about his old Cardinals aspirations: "The thing is that now I’ve gotten to the big leagues and I’m in this position, it’s really hard to still dream about that when you’ve got this clubhouse and you look around and see Miguel Cabrera. You see the talent here. This clubhouse can win and it’s so much fun. This is my dream now, playing with the Tigers."
  • Left-hander Chris Capuano told Mike Berardino of the St. Paul Pioneer Press that the Twins showed some early interest in him, but that interest seemed to dry up after the team re-signed Mike Pelfrey in December (Twitter link).
  • Indians manager Terry Francona spoke with reporters, including Zack Meisel of the Northeat Ohio Media Group, and said that he would be lying if he knew what the team's third base plans were this coming season. Reports have pegged Carlos Santana as uncomfortable at the position to date. Francona also said he thinks David Murphy will be an excellent addition to the team, adding that Cleveland was able to get him due to a down year in 2013: "If he would've had his normal year, he probably wouldn't have been as available."
  • Phil Coke has struggled this spring, and this could be a big week for him, writes MLB.com's Jason Beck. The Tigers can cut ties with Coke this week and only owe him $316K of the $1.9MM the two sides agreed to in arbitration. However, Beck expects Coke to hang around at least until the end of Spring Training; Detroit would only owe him $475K were they to cut him at that point. Detroit made a similar move with Brennan Boesch last spring, and Casey Crosby's return from injury gives the team another left-handed option out of the bullpen. MLive.com's Chris Iott also expects Coke to hang around beyond Wednesday's deadline.

Quick Hits: Schierholtz, Diaz, Smoak, McGrady

In an interesting piece for Sports Illustrated, Richard Deitsch posed a range questions to a group of five outstanding baseball writers — Jay Jaffe of SI.com, La Velle Neal III of the Minneapolis Star-Tribune, Ken Rosenthal of FOX Sports, Joel Sherman of the New York Post, and Susan Slusser of the San Francisco Chronicle — who represent different aspects of the baseball media sphere. Here are some more links from the day:

  • Cubs outfielder Nate Schierholtz could be had via trade, reports Jon Morosi of FOX Sports (via Twitter). The "progress" of Ryan Kalish makes that a possibility, says Morosi. Schierholtz is owed $5MM this year before qualifying for free agency. As Moroso mentions, the Tigers are a club that could hypothetically be interested in Schierholtz given the injury to Andy Dirks.
  • The Cardinals introduced new infielder Aledmys Diaz today, as the Associated Press reports (via the Boston Herald). Though the Cuban was brought in for a relatively meager $8MM guarantee over four years, Cards GM John Mozeliak says that the team is "very confident that [Diaz] can be an offensive middle infielder, especially a shortstop." Mozeliak said the club would exercise patience with its new addition, who has not played competitively for some time.
  • Though the Mariners' additions of Corey Hart and Logan Morrison over the offseason raised some questions about incumbent first baseman Justin Smoak, manager Lloyd McClendon says that Smoak will remain the starter, MLB.com's John Schlegel reports. It seemed more recently that things were headed in that direction, but McClendon's statements today would make a trade of Smoak a surprise at this point. "Will other guys play first? Yeah," McClendon said, "But Smoak is my first baseman."
  • The independent Suger Land Skeeters have invited former NBA star Tracy McGrady to their spring camp, tweets Chris Cotillo of MLBDailyDish.com. At 34, McGrady is working to build up arm strength and develop an off-speed offering.

AL East Notes: Sizemore, Machado, Cervelli

Here's a quick look in at the American League East:

  • With Red Sox outfielder Grady Sizemore progressing towards cracking the team's Opening Day roster, WEEI.com's Rob Bradford provides the details of his incentive-heavy contract. If Sizemore breaks camp, he would earn a $250K bonus and draw a $750K base salary. He can, as previously reported, boost the total value to $6MM if he were to hit all incentives. Here's how: $250K each for reaching 60, 90, 120, and 150 days in the big leagues; $250K for each increment of 25 plate appearances from 225 to 500; and a slate of award bonuses (including $50K for being named AL Comeback Player of the Year). 
  • Orioles third baseman Manny Machado says that his $519K contract for 2014 is "disappointing," reports Dan Connolly of the Baltimore Sun. Of course, with less than two years of service, Machado had little choice in the matter. The two sides have yet to discuss the possibility of an extension, though Connolly says there are "indications" that talks could take place once the health of the 21-year-old's left knee is more certain. Machado maintains that he would "love to be an Oriole forever," noting that his only wish is "to be treated fairly." 
  • The Yankees have drawn significant trade interest in backstop Francisco Cervelli, tweets Chris Cotillo of MLBDailyDish.com. Among the teams giving the catcher a look is the White Sox. Though the out-of-options, 28-year-old Cervelli figures to have the inside track on the reserve role for New York, the club has several other viable options to back up Brian McCann (as MLBTR's Steve Adams recently explained).

Braves Could Make Run At Ervin Santana

7:26pm: After throwing a 2-inning simulated game today, Santana may still wait a day or two before choosing a destination, reports Enrique Rojas of ESPNDeportes.com (Twitter links, in Spanish). 

The Braves are indeed very interested, with financial concerns the main limitation. Meanwhile, the Royals have put in a call on Santana. The Blue Jays and Orioles have standing offers out, Rojas adds.

2:21pm: O'Brien hears from a person connected to the Royals that the Braves may now be making a run at Santana (Twitter link). In addition to Medlen's injury, Brandon Beachy left today's Spring Training start with biceps tightness.

10:17am: The Braves haven't completely ruled out Santana in the event of a serious Medlen injury, writes MLB.com's Mark Bowman, but the financial and draft pick costs are definite factors. Atlanta would very much like to strengthen its crop of top prospects, and sacrificing the No. 26 selection in the draft would go against that thinking.

9:19am: Over the weekend it was reported that Ervin Santana has completely changed course and is now seeking a one-year deal with an eye toward a lucrative multi-year deal next offseason. With one-year offers of $13MM plus incentives and $14MM without incentives from the Orioles and Blue Jays, respectively, there appear to be a pair of clear favorites for Santana.

Ken Rosenthal of FOX Sports provides some updates on the Santana sweepstakes this morning, noting that the Blue Jays' players are lobbying for Santana to come to Toroto. Santana has many friends on the club, including countrymen Jose Bautista, Edwin Encarnacion and Jose Reyes. One source told Rosenthal that several Jays players got together and texted Santana a picture of themselves holding a poster that read, "Come to Toronto."

One potentially game-changing factor to the Santana market could be the severity of the injury to Braves right-hander Kris Medlen, who left Sunday's Spring Training game with a forearm strain. David O'Brien of the Atlanta Journal-Constitution touched on the topic this morning, wondering if the Braves could consider expanding their budget to bring him into the fold. Rosenthal writes that the Braves will get the results of an MRI on Medlen today. The draft pick loss wouldn't be as big for the Braves as some teams around the league, as Atlanta would surrender the No. 26 selection after already having received the No. 32 selection for losing Brian McCann to free agency. That forfeiture, however, would be the most significant of the specific teams mentioned in Rosenthal's piece.

Rosenthal also has some specifics on recent offers made to Santana; the Orioles' last three-year offer was believed to be in the $27MM range, while the three-year offer from the Twins was in the $30-33MM range. That offer was still on the table as of last night. However, as Rosenthal notes, Santana could earn nearly that much over the next two seasons by taking $14MM or so in 2014 and receiving a qualifying offer following the season, as next year's QO could jump to the $15-16MM range.

Diamondbacks Outright Santos Rodriguez

The Diamondbacks have outrighted left-handed reliever Santos Rodriguez to Triple-A Reno, the club announced via press release. The move opens roster space for Oliver Perez, whose signing was announced by the club earlier today.

Arizona had claimed Rodriguez back in January from the White Sox. He was a mainstay on Baseball America's list of Chicago's top 30 prospects from 2009-13. Last year, Rodriguez was stellar at the Double-A level, posting a 2.35 ERA (with 25 strikeouts against 14 walks) in 23 innings. He struggled at Triple-A, however, putting up a lackluster 7.30 mark with 36 strikeouts and 27 walks in 24 2/3 frames.

Offseason In Review: San Francisco Giants

After an unsuccessful attempt at defending the 2012 World Series crown, the Giants doubled down on their veteran core while adding two significant free agents to the mix.
 
Major League Signings
Notable Minor League Signings
Trades and Claims
Extensions
  • Hunter Pence, OF: Five years, $90MM. (Agreed to deal on Sept. 28, 2013.)
  • Tim Lincecum, RHP: Two years, $35MM. (Agreed to deal on Oct. 22, 2013.)
  • Joaquin Arias, INF: Two years, $2.6MM.
Notable Losses
Needs Addressed
 
As the end of the 2013 regular season approached with nothing left to play for, the Giants looked ahead at a 2014 with uncertainty in the corner outfield and the back half of the rotation. In particular, San Francisco faced the pending free agencies of right fielder Pence and one-time ace Lincecum. Having previously pursued a strategy of retaining its own players, would San Francisco commit the resources needed to keep these major names in town?
 
Lincecum
The answer, of course, was a resounding yes. First, GM Brian Sabean got a jump-start on the offseasion by inking Pence to a market-setting five-year deal at the tail end of the season. $90MM was a big commitment, but the cost for Pence looks reasonable when put in context of the free agent spending that came in its wake. (Shin-Soo Choo may not prove to be a better producer than Pence, but got seven years and $130MM; Curtis Granderson, who is two years older and has had injury and performance issues, landed at four and $60MM.) 
 
Then, the Giants moved quickly to lock up the enigmatic 29-year-old Lincecum, whose fortunes shifted downward in 2012 and 2013. Though a mid-summer no-hitter highlighted some sparks of his former dominance, Lincecum ended last year with a second-straight campaign that fell far shy of his early-career standards. Nevertheless, the Giants signed on for two more years at the eye-opening price of $35MM. 
 
Even with Lincecum in place, the club had two open rotation spots after declining options on Vogelsong and Zito. The first was filled with veteran hurler Tim Hudson, who received a $23MM guarantee (and full no-trade clause). This year will be Hudson's age-38 campaign, and he is coming off of a devastating ankle injury. Nevertheless, the 15-year MLB veteran has been a model of consistent excellence, having logged just two seasons in which he allowed more than four earned runs per nine innings.
 
The second hypothetical rotation spot was re-filled with its original possessor, Vogelsong. Discussions on a new deal began even as the team declined its 2014 option over the 36-year-old righty, who struggled with injury and performance issues last year after two effective campaigns in 2011-12. It wasn't just that his 2013 ERA ballooned to more than double its 2011 level. Vogelsong's strikeout and groundball rates declined, while his walk and home run-per-flyball rates increased, in 102 2/3 innings last year as against his two prior seasons. While San Francisco will surely hope for a bounceback, the club seemed to pay a bit of a premium over the much smaller guarantees given pitchers like Paul Maholm ($1.5MM) and Chris Capuano ($2.25MM).
 
Meanwhile, Sabean moved to address two other important elements of the roster's makeup. By re-signing 36-year-old southpaw Javier Lopez with a three-year guarantee, the Giants ensured that they would return every pitcher who made thirty or more relief appearances for them in 2013. 
 
Finally, Sabean decided to fill the club's left field opening with free agent Michael Morse. In spite of a rough and injury-riddled 2013, Morse has an accomplished big league bat. His outfield defense is quite another story, however; when added to poor baserunning, it is fair to ask whether he was the right fit for this club.
 
Questions Remaining
 
MLBTR's Zach Links wrote before the start of the offseason that the Giants could look to bring in some fresh blood in the bullpen and bench. While some changes are likely in the offing in both areas, San Francisco did not make any big moves on the fringes of the roster. A collection of prospects, waiver claims, and minor league free agents is competing with some of last year's arms to round out the bullpen, with several slots still apparently up for grabs.
 
The bench figures to add one recently effective big leaguer in outfielder Gregor Blanco, who was demoted to make way for Morse after holding down the left field job last year. Otherwise, however, it too will be composed of players who saw time off the bench last year unless a non-roster invitee can break camp. Second baseman Marco Scutaro is increasingly looking like a health concern as the spring drags on, though San Francisco has several depth options up the middle.
 
It could well turn out that only Hudson and Morse will be new faces on the Opening Day roster. Much the same roster will take the field in 2014 as was in place for the two prior campaigns. The question remains, then, whether that group will play more like the one that took home 94 wins and a World Series in 2012, or the one that stumbled to a 76-86 mark last year. 
 
Deal of Note
 
One of the more interesting contracts in recent memory is the Giants' extension of Lincecum just before he was set to hit the open market. One of the most recognizable players in the game, the two-time Cy Young winner's star faded quite significantly over the last two years. 
 
Back in September, I polled MLBTR readers on the relative merits of Lincecum and fellow one-time ace Ubaldo Jimenez. As I wrote at the time, there were many similarities between the career arcs of the two pitchers. (In brief: similar age and mileage; struggles with declining velocity; analogous peak/collapse/partial redemption paths.) While it is reasonable to argue a preference for the new Oriole, readers preferred Lincecum at nearly a 2:1 clip. 
 
Now that both have signed new deals, the comparison is quite different. Lincecum is only a two-year risk for San Francisco, but he will earn $17.5MM per year — a higher AAV than all but a handful of 2013-14 free agents and the 17th-highest rate of all time for a pitcher. He also gets a full no-trade clause. Meanwhile, for an extra $15MM guarantee, Baltimore can slot Jimenez in its rotation for two additional seasons. And the actual spread is even smaller once the dollars are discounted to present value, especially since Jimenez will have $2.25MM a year deferred without interest.
 
Lincecum has looked strong in the earlygoing this spring, and still tantalizes with the ability to shut down opposing teams. But while his 2013 season stabilized his value and seemingly raised his expected floor moving forward, it did little to show that he will return to being a frontline starter over the course of a full season. The Giants, more than any other team, seem to act on the premise that they know their own players best, and they surely know Lincecum well after seven MLB seasons of highs and lows. Nevertheless, he will have to exceed his recent track record — by a fairly significant margin — to justify his ace-level annual salary.
 
Overview
 
I noted on Wednesday that the NL West-rival Diamondbacks have had two straight offseasons of major trades that reshaped their roster. Precisely the opposite has been true of the Giants, who have extended or re-signed virtually all of the significant players that might have left the club via free agency. It will be particularly interesting to track these two franchises' fortunes given their divergent approaches.
 
A rebound is expected for a San Francisco club that significantly underperformed expectations last year. But like Arizona, this team faces an uphill battle (on paper, anyway) to challenge the Dodgers for the division crown. For that to happen, Sabean needs to have been right with his pitching investments and the team needs to receive more production from players like Angel Pagan and Pablo Sandoval.
 
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