Nationals Acquire Jose Lobaton For Nate Karns
The Nationals have officially acquired catcher Jose Lobaton and two prospects from the Rays in exchange for pitcher Nate Karns. Along with Lobaton, the Nationals will pick up a pair of 22-year-olds that played at the High-A level last year: lefty Felipe Rivero and outfielder Drew Vettleson. Washington placed Erik Davis on the 60-day DL (right elbow strain) to clear 40-man roster space for Rivero.
Lobaton is a 29-year-old backstop who figures to slot in behind Nats' incumbent Wilson Ramos on the depth chart. A switch-hitter, Lobaton will presumably see much of his time against righties. Indeed, that has been the case for most of his time in the big leagues, though he has hit from both sides of the plate at roughly the same rate over his career.
Last year, in 311 plate appearances, Lobaton managed a .249/.320/.394 line, good for a league average OPS that plays nicely from the catching position. In addition to offering a left-handed hitting option, Lobaton appeals due to his affordable $900K salary this year and the fact that he can be controlled for three more seasons through arbitration. As MLBTR's Steve Adams noted earlier this month, however, the Venezuelan native's defensive metrics provide cause for some concern.
The 26-year-old Karns underwent shoulder surgery early in his career and just reached the big leagues for three starts last year. Throwing 132 2/3 innings at the Double-A level last year, he put up a 3.26 ERA with 10.5 K/9 against 3.3 BB/9.
Karns is a well-regarded prospect with a big arm, but questions remain whether he will stick in the rotation. Baseball America placed him at the ninth spot among the Nationals' top ten prospects. He had been expected to have an outside chance at earning a rotation spot in D.C., but otherwise would likely have served as minor league depth. Instead, he will presumably find himself facing a similar proposition in Tampa, whose fifth-starter options are perhaps led by 23-year-old prospect Jake Odorizzi.
The prospect return to Washington surely plays an important role in this deal. The southpaw Rivero, who landed at 17th on the BA list this year and 20th last year, threw to a 3.40 ERA in 127 innings at High-A last year, posting 6.4 K/9 against 3.7 BB/9. Rivero has a slight build but reportedly delivers a fastball that touches the mid-90s and carries mid-rotation upside. He occupied a 40-man slot in Tampa. The Nationals had success with a similarly youthful lefty acquired via trade last year, getting some production out of Ian Krol before flipping him in the Doug Fister trade.
Vettleson — the 42nd overall choice in the 2010 draft — also placed amongst the Rays' top thirty prospects. Gaining the 11th overall slot last year, he fell to 20th on this year's version after a .274/.331/.388 campaign at High-A. He knocked just four home runs a year after hitting 15 at the low-A level in 2012, and also swiped only five bases after netting 20 over the prior campaign. Vettleson profiles as a right fielder, with decent legs and a good arm. Baseball America says that, if his power develops as he fills out, and he improves his jumps on the bases and defensive routes, the left-handed hitter could end up with a solid all-around tool set.
The deal shapes up to be a swap of somewhat redundant assets. For Tampa, Lobaton had no obvious role going forward after the Rays acquired Ryan Hanigan from the Reds earlier in the off-season. Meanwhile, the club learned that starter Jeremy Hellickson would miss the early part of the year due to injury. Though Rivero could potentially have a similar ceiling to Karns, the latter is certainly a more established player who is much closer to making a contribution at the MLB level. Even if he does not earn a rotation slot, he could contribute in the pen sooner rather than later.
From the Nationals' perspective, the price was likely easier to bear given presence of other young, MLB-ready starting options (including Taylor Jordan and Tanner Roark, in addition to the more established Ross Detwiler) as well as several other solid arms moving through the system. (To say nothing of the fact that the team already has a strong, young, current MLB rotation that is under control for at least two years.) Though Washington had already traded one well-regarded young starter earlier in the off-season when it sent Robbie Ray (among others) to the Tigers for Fister, Karns did not have a clear place on the big league club and was something of a wasting asset in the minors given his age. By picking up younger talent in the deal, the club managed to maintain a reasonable portion of its talent base while shifting its promotion timeline in a potentially beneficial manner, all while adding a solid piece to the MLB roster.
MLB.com's Bill Ladson first reported the deal (via Twitter). Marc Topkin of the Tampa Bay Times first reported the structure of the deal in its negotiating phase on Twitter. Adam Kilgore of the Washington Post reported (via Twitter) that Karns had been told he was traded to the Rays. Topkin first reported that two minor leaguers would also head to the Nats (via Twitter), and Kilgore tweeted that those names were amongst the Rays' top thirty prospects. Chris Cotillo of MLBDailyDish.com first reported on Twitter that Rivero was included in the deal.
Mariners Place Franklin Gutierrez On Restricted List
The Mariners have placed outfielder Franklin Gutierrez on the restricted list after he advised the team that he will not play in 2014, reports Bob Dutton of the Tacoma News Tribune (Twitter links). The move clears a 40-man roster spot for Fernando Rodney.
Gutierrez has had a relapse of the gastrointestinal issues that plagued him last year, and says he intends to focus on regaining his health. Soon to turn 31, Gutierrez managed only 141 plate appearances last year, over which he posted a .248/.273/.503 line with ten home runs. He had inked a one-year, $1MM deal with Seattle that included an additional $2MM in incentives.
With an outfield featuring several left-handed bats, Gutierrez had figured to provide an important platoon option from the right side of the plate. His loss could add even greater impetus to Seattle's rumored interest in Nelson Cruz. Of course, the greater issue might be the loss of Gutierrez as an option to share time in center alongside Dustin Ackley or Michael Saunders. While switch-hitter Abraham Almonte had a solid all-around season last year in the upper minors, he is unproven and has generally put up better numbers when hitting from the left side in his recent minor league campaigns. That being said, the list of remaining free agents does not appear to house any obvious solutions.
Mariners Sign Fernando Rodney
FEBRUARY 13: The deal is official, tweets Bob Dutton of the Tacoma News Tribune.
FEBRUARY 6: The Mariners have agreed to a two-year, $14MM deal with reliever Fernando Rodney, reports Jonah Keri of Grantland (via Twitter). Rodney, a client of MVP Sports Group, could earn up to $15MM if he meets the deal's incentives.
Soon to turn 37, Rodney established himself as one of the game's most dominant relievers during a 2012 career renaissance in Tampa Bay. Notching 48 saves for the Rays, Rodney threw 74 2/3 innings of 0.60 ERA ball that year, striking out 9.2 per nine while walking just 1.8 per nine. Though he was less dominant last year, Rodney still produced a 3.38 ERA over 66 2/3 innings, upping his strikeouts to a career-best 11.1 K/9 while surrendering 4.9 BB/9 (much closer to his career mark than the year prior).
As MLBTR's Steve Adams explained in his profile of Rodney at the onset of the off-season, Rodney had shown some of the most overpowering stuff of any of the free agent closers. Nevertheless, he was the last to sign of the premier bunch, and lands shy of the $18MM that Adams predicted he would get on a two-year pact. He checked in at 32nd on the list of the top fifty free agents, per MLBTR's Tim Dierkes.
Rodney's new deal bests that given by his former club to Grant Balfour (two years and $12MM), but falls short of the two-year, $15.5MM pact awarded Joaquin Benoit by the Padres. Amongst 2014 free agent closers, Joe Nathan (two years, $20MM) and Brian Wilson (two years, $19MM) have received the largest guarantees.
The Mariners were said to be one of the clubs most interested in Rodney, joining the Orioles and Mets in that regard. Though Danny Farquhar remains under team control for six more years after saving 16 games for Seattle last year, he will presumably bump down to a setup role now that Rodney is in the fold. Rodney represents the second-largest free agent commitment made by the Mariners this year, following Robinson Cano's massive ten-year, $240MM deal.
Seattle will hope that it gets the Rodney of the last two seasons rather than the less-than-stellar version of his earlier career. After strong seasons in 2005-06 in Detroit, Rodney posted five straight years in which he allowed over four runs per nine, though he saved 68 games for the Tigers and Angels over that stretch. Both the Steamer and Oliver projection systems like Rodney to produce solid results going forward, with each projecting him to post an ERA and FIP just north of 3.00.
In addition to control, one area to watch is Rodney's performance against left-handed batters. The righty has exhibited fairly minimal career platoon splits, allowing a .641 OPS to same-handed hitters and a .698 mark to lefties. Last year, however, those splits became more pronounced: he limited righties to a .169/.250/.288 line while posting a 3.00 K:BB ratio, but left-handers slashed .248/.363/.353 against Rodney and fared better in terms of true outcomes (1.92 K:BB). (Of course, the third true outcome — home runs — remains one of Rodney's calling cards: he has allowed just 0.32 long balls per nine over the last two years, one of the best rates in the game.)
Photo courtesy of USA Today Sports Images.
Mariners Sign Randy Wolf, Zach Miner
THURSDAY: The Mariners have announced the signings of Wolf and Miner.
Wolf will earn $1MM if he makes the roster, reports Ken Rosenthal of FOX Sports (links all to Twitter). The contract also includes a variety of incentives tied to appearances (as a reliever or starter), days on the roster, and innings pitched. If Wolf maxes out his deal, says Rosenthal, he could reach $4.25MM in earnings.
TUESDAY, 1:05pm: Miner will earn $750K if he makes the Major League team and has a June 15 opt-out date, tweets Chris Cotillo of MLB Daily Dish.
10:54am: The Mariners have agreed to a minor league deal with an invitation to Spring Training with veteran lefty Randy Wolf, tweets Ryan Divish of the Seattle Times. Divish also tweets that the Mariners will sign right-hander Zach Miner to a minor league deal with an invite to Spring Training. Wolf is a client of the Wasserman Media Group, and Miner is represented by the Boras Corporation.
Seattle views Wolf as a potential bullpen option, tweets Jon Heyman of CBS Sports. The 37-year-old missed the entire 2013 season after undergoing Tommy John surgery late in the 2012 campaign. In that 2012 season, Wolf struggled to a 5.65 ERA with 5.9 K/9, 3.0 BB/9 and a 42.9 percent ground-ball rate (the highest of his career). Despite those struggles, he was solid for the Brewers the prior year, posting a 3.69 ERA in 212 1/3 innings out of their rotation.
Wolf owns a 4.20 ERA in 2268 career innings at the big league level and is a veteran of 14 Major League seasons with the Phillies, Astros, Dodgers, Brewers, Padres and Orioles.
Miner, 32 in March, pitched 28 1/3 innings for the Phillies in 2013 — his first Major League action since 2009. Miner turned in a 4.40 ERA with nearly as many walks (17) as strikeouts (20) in that time. However, there were a good deal of positives in Miner's game as well; his velocity was up more than a full mile per hour (91.8 mph average in 2013 compared to 90.7 in 2009), and he posted a strong 48.9 percent ground-ball rate.
Miner has a 4.25 career ERA in 385 1/3 innings between the Tigers and Phillies. Presumably, Seattle likes him as a potential swingman — a role he's had throughout the entirety of his Major League career to this point. Miner has appeared in 173 big league games, including 38 starts.
Indians Extend Michael Brantley
The Indians have announced a four-year extension with outfielder Michael Brantley via press release. First reported on Monday, the deal will guarantee Brantley $25MM over its four years, and comes with an $11MM club option for 2018. The 26-year-old is a client of the Legacy Agency.
Brantley has established himself as a solid ballplayer over his early career, though he has yet to post a true breakout campaign. Since becoming a full-time player in 2011, Brantley has posted a cumulative .280/.334/.394 triple-slash, with 23 home runs and 42 stolen bases over 1,716 plate appearances in that three-season period. Last year, he checked in with a .284/.332/.396 line, but did post a career-best 10 home runs and 17 swipes (he was caught only four times).
Making way for Michael Bourn, Brantley switched from center to left field last season and figures to remain there for the foreseeable future. Advanced defensive metrics view Brantley as an approximately average outfielder over the last few years, whether playing up the middle or in the corner. (In 2012, at center, Brantley posted a UZR of -0.7 and DRS of -1; in left last year, he notched a -4.1 UZR but was +2 per DRS.)
Brantley had been preparing to go to an arbitration hearing in his first year of eligibility, and was set up to qualify for free agency after the 2016 season. Instead, he will now be under team control through 2018. If Cleveland exercises that final-year option, Brantley will hit the open market after his age-31 season.
Brantley's contract calls for him to receive a $3.5MM signing bonus. His annual salary breakdown is as follows: $1.5MM (2014), $5MM (2015), $6.5MM (2016), and $7.5MM (2017). The 2018 club option is for $11MM and comes with a $1MM buyout. The structure of the deal gives Brantley a big payday up front, but spreads the $3.5MM signing bonus over the life of the deal for purposes of the CBA. That also means that Brantley's 2014 salary will not set a high bar for arbitration purposes: it lands at just $2.375MM, well under the respective $3.8MM and $2.7MM filing figures.
The most obvious comparable for Brantley's deal is the five-year, $25MM extension inked by Cameron Maybin with the Padres before the 2012 season. Though that deal covered an additional guaranteed year, Maybin was also a year further from free agency. Though featuring a Brantley-esque .264/.323/.393 triple-slash, Maybin's pre-extension season was better than anything that Brantley has put together: he also swiped 40 bags and played a stellar center that left him credited with better than four wins above replacement. Though Brantley has a longer track record, he has maxed out at about three WAR and is somewhat older than was Maybin.
But Maybin's deal is now two years out of date, a hugely significant factor given the observed increase in spending in the interim. (The four-year, $20.5MM Franklin Gutierrez extension signed in 2010 is even further out of date.) Viewed thusly, the Indians seem to have done fairly well to land Brantley for a term of years and amount of money that fits comfortably in the mold of earlier extensions.
Indeed, Brantley's extension is the first of three-or-more years signed by a player with less than six years of service since the massive extension signed by Freddie Freeman (and that of Clayton Kershaw, for that matter). As I wrote recently, though Freeman's deal potentially set the stage for less solid but non-premium young players to command somewhat greater extension guarantees, prior extension models remain valid until proven otherwise. The Brantley deal confirms that, as it seems to reflect mostly measured growth in the market.
Paul Hoynes of the Cleveland Plain Dealer first reported the deal, as well as its length and guaranteed money, via Twitter, and was also first to report that the sides were close. Jon Heyman of CBSSports.com was first to report the annual breakdown (on Twitter).
Photo courtesy of USA Today Sports Images.
Phillies Release Chad Gaudin
The Phillies released righty Chad Gaudin this morning when he failed his physical, reports Matt Gelb of the Philadelphia Inquirer (via Twitter). The 30-year-old swingman signed a minor league deal with a MLB Spring Training invitation back in January, and had been expected to provide a solid pen and rotation depth option. Instead, the Reynolds Sports Management client will return to the open market.
Depending upon the issues that led to the failed physical, Gaudin should still find takers for his services. He put up appealing numbers last year with the Giants. Throwing in his age-30 season, Gaudin put up a 3.06 ERA in 97 innings (including 12 starts). He reached those marks with 8.2 K/9, 3.7 BB/9 and a 38.4 percent ground-ball rate.
Gaudin has extensive experience working from the rotation and the pen: he made 34 starts with the A's in 2007 and has thrown the first pitch in 87 of his 344 career outings. His career 4.44 ERA does not reflect a significant difference in performance between the two roles: he has allowed a 4.56 ERA and .762 OPS as a starter, and a 4.30 ERA and .776 OPS as a reliever.
Phillies GM Ruben Amaro Jr. declined to comment on the details, but told reporters, including Matt Gelb of the Philadelphia Inquirer, that the club was disappointed to have to let Gaudin go. "It hurts," said Amaro. "Obviously the roles he can fill as a long guy, a guy who can sit for 10 days and not pitch and then pitch as a starter, all of those things you like to have a veteran guy to be able to do. We have to find out of that guy is in our camp."
Rays, Nats Discussing Trade Involving Lobaton, Karns
THURSDAY: The potential deal includes at least two other players, possibly minor leaguers that would head to Washington, reports Topkin. As of last night, however, Lobaton told Topkin that he had yet to hear anything and was planning to report for the spring with the Rays on Friday.
WEDNESDAY: The Rays and Nationals are again discussing a trade of catcher Jose Lobaton, tweets Marc Topkin of the Tampa Bay Times, with righty Nate Karns being contemplated as the return for the backstop. Topkin says that the deal could involve other players as well.
Lobaton, 29, has reportedly generated interest amongst multiple clubs, especially a Nationals team that would still like to add an established backup catcher. A switch-hitter, Lobaton has seen about twice as many plate appearances against righties than against lefties, maintaining fairly even splits from both sides of the plate. He is a fairly attractive asset, particularly given that he is owed just $900K this year and comes with three more years of control through arbitration. While Lobaton's contract profile makes him a fit for Tampa's general approach to roster-construction, he became expendable when the team picked up Ryan Hanigan from the Reds. Last year, in 311 plate appearances, Lobaton managed a .249/.320/.394 line, good for a league average OPS.
Karns, meanwhile, is a 26-year-old who has yet to see substantial MLB action, but has a big arm. Baseball America rates him at the back end of the club's top ten prospects, after several other young arms. But the Nats have already dealt one relatively advanced pitcher from that list in Robbie Ray, and Karns was said to have a shot at competing for the team's fifth rotation spot. (If that failed, Karns would presumably serve as depth, especially with the news that Taylor Jordan could be slow to start the spring after ankle surgery.) In 132 2/3 Double-A innings last year, Karns put up a 3.26 ERA and 10.5 K/9 against 3.3 BB/9. He received three MLB starts last year, struggling to a 7.50 ERA in just 12 innings.
Should a deal go down along the lines suggested by Topkin, it would follow a similar pattern (on a somewhat smaller scale) to other recent deals in which Nationals GM Mike Rizzo has swapped out pitching prospects for relatively youthful, established, cost-controlled big-leaguers. In addition to shipping Ray (and more) to the Tigers for starter Doug Fister, Rizzo sent Alex Meyer to the Twins last year in exchange for center fielder Denard Span. (The Nats also acquired reliever Jerry Blevins in exchange for prospect Billy Burns this off-season.)
Quick Hits: Bailey, Burnett, Twins, Samardzija
Even though most of Alex Rodriguez's 2014 salary will be wiped out by his season-long PED suspension, the controversial slugger's contract is still ranked as the worst in baseball by Grantland's Jonah Keri. Of Keri's list of the 15 worst contracts in the sport, the Dodgers have four, the Yankees, Angels and Braves each have two and the Reds, Rangers, Phillies, Blue Jays and White Sox have one each.
Here are some items from around the baseball world…
- The Reds and Homer Bailey are "still talking" about a multiyear contract, GM Walt Jocketty tells MLB.com's Mark Sheldon. "There has not been a lot of progress, but good conversations anyhow," Jocketty said. Bailey's arbitration hearing is scheduled for February 20 and there is a $2.9MM gap ($11.6MM to $8.7MM) between his demands and the Reds' offer for a 2014 contract. This is Bailey's last season under contract with Cincinnati and the two sides are reportedly far apart on a long-term deal. Sheldon suggests that the Reds will be watching the Indians' case with Justin Masterson, as he and Bailey have posted comparable numbers over the last three years and Masterson is also scheduled to be a free agent next offseason.
- The Pirates offered A.J. Burnett a $12MM contract for 2014, CBS Sports' Jon Heyman reports (Twitter link). This obviously fell short of the $16MM Burnett received from the Phillies earlier today.
- The Twins aren't one of the teams interested in Emilio Bonifacio, 1500 ESPN's Darren Wolfson reports (via Twitter). Bonifacio cleared release waivers and became a free agent earlier today. The Orioles are known to be one of at least nine teams interested in the speedy utilityman.
- Also from Wolfson, a Twins official said that the club "had extensive talks" about Erisbel Arruebarruena but he was judged to be too expensive. The Cuban shortstop agreed to a deal with the Dodgers today that could be worth as much as $25MM.
- The Cubs can afford to be patient in trading Jeff Samardzija, Fangraphs' Jeff Sullivan argues, as teams may be more willing to meet Chicago's large asking price once the free agent pitching market thins out and teams get more desperate once the season begins.
- Right-hander Josh Roenicke is drawing interest from a "handful of teams" and could be signed soon, a source tells MLB Daily Dish's Chris Cotillo (Twitter link). Roenicke posted a 4.35 ERA, 6.5 K/9 and 1.25 K/BB rate in 62 relief innings with the Twins in 2013 before being outrighted off Minnesota's roster in November.
- Also from Cotillo, right-hander Blake Hawksworth has retired. Hawksworth posted a 4.07 ERA and 1.85 K/BB over 124 games (eight as a starter) with the Cardinals and Dodgers from 2009-11 before elbow and shoulder injuries derailed his career. Hawksworth has taken a job with the Boras Corporation, his former agency.
- Marlins president of baseball operations Michael Hill discussed the club's recent signing of Carlos Marmol with Clark Spencer of the Miami Herald.
- Luis Ayala chose to sign a minor league deal with the Nationals since they (as the Expos) were the franchise that originally signed him and he still has many friends in the organization, the veteran reliever tells Adam Kilgore of the Washington Post. Several teams were linked to Ayala this offseason but the bidding came down to the Nats, Tigers and Phillies.
AL West Notes: Iwakuma, Astros, Cruz, Moreland
Mariners righty Hisashi Iwakuma is expected to be out for four-to-six weeks with a strained tendon in the middle finger of his throwing hand (Bob Dutton of the Tacoma News Tribune has the details on the injury). While the injury doesn't appear to be too serious, one wonders if it could spur the M's to bolster their rotation with a free agent starter, as the club was already rumored to be asking about Ervin Santana earlier this week.
- The Astros' increase in spending this offseason had nothing to do with a statement from MLBPA head Tony Clark that the team was being monitored for its low payroll, Evan Drellich of the Houston Chronicle reports. The additions of Scott Feldman, Dexter Fowler, Jesse Crain, Chad Qualls and others will boost Houston's payroll to over $40MM in 2014 (according to Cot's Baseball Contracts), not counting several players making the league minimum. Owner Jim Crane noted that the Astros were willing to spend even more this winter but did not succeed in signing Masahiro Tanaka or Jose Dariel Abreu.
- Speaking with reporters (including MLB.com's T.R. Sullivan) today, Rangers general manager Jon Daniels said that he has kept in touch with Nelson Cruz's representatives but he doesn't think a reunion will happen. "We check in periodically, but nothing has changed," Daniels said. "My expectation is he will sign elsewhere." Cruz has been heavily linked to the Mariners within the last week, and Texas only seems interested in re-signing Cruz if his market completely dries up.
- The Rangers' arbitration case with Mitch Moreland is a week away and Daniels said the two sides are "so close, I would like to think we would avoid it. But until you have a deal, you have to be prepared for anything." Moreland asked for a $3.25MM contract for 2014 while the Rangers countered with a $2.025MM offer.
- While the Rangers have been looking for a right-handed bat, Daniels said "We're not talking to anybody" on the free agent market. The GM hinted that Texas would turn to internal options like Michael Choice as candidates to provide a right-handed hitting balance to Moreland.
- Darren Oliver will work with the Rangers as a special assistant and will spend a week with the club during Spring Training, Sportsnet's Ben Nicholson-Smith reports. Oliver retired following his 20th Major League season and is now enjoying his first (mostly) free spring in over two and a half decades. Oliver also shared a few opinions about what his former team, the Blue Jays, needs to do to improve in 2014.
- The Angels made a number of low-cost moves this offseason, a tactic MLB.com's Anthony Castrovince believes is a nod towards saving money to lock Mike Trout up to a long-term extension. Trout's future price tag is the biggest question facing the Angels franchise and "the most captivating contractual conundrum in the game today." We heard earlier today that Trout and the Angels would discuss a multiyear deal this spring.
Angels, Mike Trout To Discuss Multiyear Deal
The Angels and Mike Trout will enter negotiations about a multiyear contract this spring with the hopes that a deal will be reached shortly after Opening Day, Mike DiGiovanna of the Los Angeles Times reports. Since Trout is still a year away from arbitration eligibility, the Halos could renew his contract for slightly more than the league minimum (as they did last year, with some controversy), though Trout would get a lot more money in his pocket immediately due to a signing bonus from a new extension.
Though the Angels control Trout through the 2017 season, an extension would give them some cost certainty through his three arbitration years, which seem likely to reach record levels. The Halos would surely look to cover at least a couple of Trout's free agent years in an extension, and agent Craig Landis of LSW Baseball could easily ask for at least $25MM for each of his client's free agent years.
The financial terms are mind-boggling for a 22-year-old player who has only 336 Major League games to his name, yet Trout's performance has justified such an inflated price tag. Trout hit .324/.416/.560 with 57 homers in 2012-13, and factoring in his speed (82 steals in 94 attempts) and outfield defense, Trout has accounted for a league-best 20.8 WAR in that span, according to Baseball Reference. If Trout and the Angels are looking for an extension in the range of nine or 10 seasons, such a deal could quite possibly eclipse Alex Rodriguez's 10-year, $275MM contract with the Yankees as the most expensive contract in baseball history.