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Eight Teams Combine For Record $209.8MM In Luxury Tax Bills

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Major League Baseball has finalized the luxury tax calculations for the 2023 season, and the eight teams over the Competitive Balance Tax threshold will combine for a total bill of $209.8MM, Ronald Blum of the Associated Press reports.  Both the total number of tax-paying teams and the total sum are new records, surpassing the previous highs of six teams (in 2016 and 2022) and $78.5MM (in 2022).

Here is what each of the eight teams owes for surpassing at least the $233MM base CBT threshold….

  • Mets: $100,781,932
  • Padres: $39.7MM
  • Yankees: $32.4MM
  • Dodgers: $19.4MM
  • Phillies: $6.98MM
  • Blue Jays: $5.5MM
  • Braves: $3.2MM
  • Rangers: $1.8MM

As a reminder of how the luxury tax operates, the CBT figures are determined by the average annual value of salaries for players on the 40-man roster.  A player earning $20MM over two seasons, for example, has a CBT number of $10MM, even if the player might earn $8MM in the first year of the contract and $12MM in the second year.  Deferred money in a contract can reduce a luxury tax number to some extent — most famously, Shohei Ohtani’s $700MM deal with the Dodgers contains $680MM in deferred money, so his CBT hit will be roughly $46MM per season instead of $70MM.

A team is considered a “first-time payor” if they haven’t spent above the CBT threshold in the previous season.  A first-time payor would owe a 20% surcharge on any dollar spent between $233MM and $253MM, 32% of anything between $253MM and $273MM, 62.5% on anything between $273MM and $293MM, and then 80% of overages for anything beyond $293MM.  These percentages rise if a team is a tax payor for two consecutive seasons, and then even further if a team exceeds the CBT line in three or more consecutive seasons.  This year’s CBT class featured three first-time payors (Texas, Atlanta, Toronto), three two-time payors (Philadelphia, both New York teams) and two three-time payors (San Diego, Los Angeles).

The $293MM threshold was instituted in the last Collective Bargaining Agreement as a fourth penalty tier, and it is unofficially known as the “Steve Cohen Tax” in a reference to the Mets owner’s penchant for big spending.  Even though New York has only topped the CBT whatsoever in 2022 and 2023, it isn’t surprising that Cohen’s team set new standards for tax payouts.  The Mets’ tax payroll of $374.7MM and approximate $100.78MM tax bill far exceeded the 2015 Dodgers’ previous records of $291.1MM and $43.6MM, respectively.

This bill would’ve been even higher if the Mets hadn’t unexpectedly struggled, and unloaded some expensive contracts at the trade deadline in order to save some money and reload with an eye towards probably 2025 as a more clear-cut return to contention.  Blum also notes that the Mets received a $2,126,471 tax credit related to a CBA provision, which slightly reduced their bill further.

As always, the actual financial cost of exceeding the tax is perhaps the least-important part of the penalties, especially for teams who barely across the first threshold.  Teams who exceed the CBT line would face further punishment in regards to free agents who reject qualifying offers, whether that translates to additional compensation required to sign a QO-rejecting player, or lesser compensation received if a team’s own qualified free agent signs elsewhere.  For instance, signing Ohtani cost the Dodgers not just $700MM, but also $1MM in international draft pool money and their second- and fifth-highest picks in the 2024 draft.  For a team like the Padres, should Blake Snell or Josh Hader sign elsewhere, San Diego’s compensatory draft selection wouldn’t come until after the fourth round of the 2024 draft.

Spending on talent is more often than not a recipe for success on the field, though obviously hardly a guarantee.  The Mets had a losing record, and the Padres and Yankees each squeaked over the .500 mark with 82-80 records.  The other five tax payors reached the playoffs, though the Phillies and the World Series champion Rangers were the only members of that group of five to win at least one postseason series.

The $209.8MM in tax revenues will be split up in three ways by the league.  The first $3.5MM is devoted to funding player benefits, $103.15MM will go towards funding individual player retirement accounts, and the other $103.15MM will be put into a supplemental commissioner’s discretionary fund and distributed amongst revenue-sharing recipient teams who have grown their (non-media) local revenue over a pre-determined number of years.

Giants Sign Tom Murphy

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TODAY: The Giants officially announced the signing.

DECEMBER 18: The Giants are in agreement with free agent catcher Tom Murphy on a two-year deal with a 2026 club option, according to multiple reports. The Ballengee Group client is reportedly guaranteed $8.25MM, including a $250K buyout on the option. The deal can max out at $12MM.

Murphy heads to the Bay Area after five seasons in the Pacific Northwest. The right-handed hitter played a semi-regular role during his time with the Mariners. On a rate basis, Murphy has been one of the most productive power bats at the catcher position.

In 807 plate appearances with Seattle, Murphy blasted 38 home runs. He hit .250/.324/.460 overall, well above-average offense in one of the sport’s more pitcher-friendly home parks. That’s excellent production for a #2 catcher. However, that Murphy has only stepped to the plate 807 times over the last five years also points to a concerning injury history.

Going back to the start of 2020, the Buffalo product has missed time with a fractured left foot, a left shoulder dislocation and a sprained left thumb. The foot injury cost him the entire shortened season, while the shoulder limited him to 14 games in 2022. Last season’s thumb issue, suffered in mid-August, ended his year.

Despite the injury history, it’s easy to see the appeal of bringing Murphy aboard on a fairly low-cost contract. He’ll add a legitimate power presence as the backup behind 24-year-old Patrick Bailey. He’ll strike out a fair amount as well, but there aren’t many depth catchers who have the same kind of slugging upside that Murphy possesses.

The 32-year-old (33 in April) isn’t as highly-regarded on the other side of the ball. Statcast graded him below average from both framing and blocking perspectives. He only threw out one of 28 attempted basestealers in 2023. While that’s not entirely on the catcher — a pitcher’s ability to hold runners is also a factor — Statcast ranked Murphy 69th out of 74 catchers (minimum 10 throws) in average pop time to second base.

Signing Murphy could signal the forthcoming end of Joey Bart’s time in San Francisco. The second overall pick in 2018, Bart has hit only .219/.288/.335 in 162 big league contests. This year marked his final minor league option season, meaning San Francisco will have to carry him on the MLB roster or make him available to other clubs via trade or waivers.

Bailey and Murphy are the top two on the depth chart. Blake Sabol also seems ahead of Bart on the organizational hierarchy, although he has a trio of options and could play the corner outfield. Even if the Giants were to send Sabol to Triple-A, there’s not much value in keeping Bart as a sparsely-used third catcher. A sell-low trade of the former top prospect this offseason seems likely.

The Giants had a payroll in the $155MM range before the Murphy signing, according to Roster Resource. A $4MM salary would push that north of $158MM. The contract’s $4.125MM average annual value puts their luxury tax number around $192MM, about $45MM below next year’s lowest threshold.

Ken Rosenthal of the Athletic first reported the sides were nearing a multi-year deal, as well as the $8MM guarantee. Jon Heyman of the New York Post was first with an agreement. Jon Morosi of MLB.com reported it was a two-year guarantee with a third-year option. Jeff Passan of ESPN was first with the $250K option buyout, which Ari Alexander of KPRC 2 specified was not in the originally reported $8MM total. Susan Slusser of the San Francisco Chronicle reported the $12MM maximum value.

Image courtesy of USA Today Sports.

KBO’s Kiwoom Heroes Re-Sign Ariel Jurado

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The Korea Baseball Organization’s Kiwoom Heroes have reached a new deal with right-hander Ariel Jurado, Jeeho Yoo of the Yonhap News reports (via X).  Jurado will earn $1.2MM in salary on his new one-year contract, and another $100K worth of incentive bonuses are also available.

Jurado’s debut season in the KBO League was a success, as he posted a 2.65 ERA over 183 2/3 innings.  Though he struck out only 19.3% of batters, Jurado (who turns 28 next month) had a solid 5.4% walk rate and a staggering 65.5% groundball rate.  The righty allowed only seven homers last season, a noteworthy feat in the hitter-friendly KBO.

Jurado’s performance was one of the few highlights of a tough season for the Heroes, who followed up a Korean Series appearance in 2022 with a last-place finish in 2023.  It isn’t surprising that the team was eager to retain Jurado as it tries to get back on track, and Jurado cashed in with a substantial raise on his $850K salary from last season.  Another nice showing in the KBO League could get Jurado some more attention from MLB clubs, though his grounder-heavy approach doesn’t have as much traditional appeal to scouts as a more strikeout-reliant pitcher.

A veteran of three MLB seasons, Jurado tossed 181 innings for the Rangers and Mets in 2018-20, with all but a single one of those frames coming in a Texas uniform.  Jurado posted a 5.97 ERA while working mostly as a swingman, and he started 27 of his 45 Major League appearances.  He missed all of 2021 recovering from Tommy John surgery, and then posted a 3.30 ERA over 57 1/3 frames in the Twins’ minor league system in 2022 without getting another call up to the majors.

NPB’s Chunichi Dragons Sign Alex Dickerson

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The Chunichi Dragons have signed outfielder Alex Dickerson, according to multiple reports out of Japan (hat tip to Jon Heyman of the New York Post).  Dickerson didn’t play in the affiliated minors in 2023, instead playing 115 games with the independent Atlantic League’s Long Island Ducks, and also 12 games with Acereros de Monclova of the Mexican League.

Dickerson is a veteran of six MLB seasons from 2015-2022, playing in 339 games and hitting .255/.325/.460 over 1001 career plate appearances.  The large majority (872) of those plate appearances came against right-handed pitching, even though the lefty-swinging Dickerson’s career splits aren’t too dissimilar, apart from a lot more power against righty pitching.

Injuries have been perhaps the chief reason why the 33-year-old hasn’t been able to carve out a solid niche for himself in the big leagues.  Dickerson missed all of the 2017-18 seasons due to back surgery and Tommy John surgery, and he has been a frequent visitor to the injured list several other times in his career.  The pandemic-shortened 2020 season was the only “full” season of good health for Dickerson, and he delivered an impressive .298/.371/.576 slash line over 170 PA for the Giants.

Though Dickerson hit very well after being acquired by San Francisco during the 2019 season, his production started to tail off during an injury-marred 2021.  The Giants designated him for assignment after the season and he caught on with the Braves, but Dickerson struggled badly in 13 games with Atlanta in April 2022, which marked his last appearances in the major leagues.

Dickerson will now get another international opportunity with the Nagoya-based Dragons, who are looking to reverse their fortunes after struggling for most of the last decade.  While Dickerson’s big numbers in the Atlantic League may not necessarily hint at future success in NPB, it seems quite possible that the outfielder might get on track if he can just stay healthy.  A successful season with the Dragons might then led to more opportunities in Japan, or perhaps more looks from MLB teams next winter.

Phillies Prioritizing Extension With Zack Wheeler

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The Phillies’ “No. 1 priority” for the remainder of the offseason “is signing ace Zack Wheeler to a contract extension,” MLB.com’s Todd Zolecki writes.  Wheeler is set to be a free agent next winter, as he is entering the final season of his five-year, $118MM contract.

Four seasons in, that deal has been an unqualified success from the Phillies’ perspective.  Wheeler has the most fWAR (19.3) of any starter in baseball since the start of the 2020 season, as he has posted a 3.06 ERA, 26.7% strikeout rate, 5.3% walk rate, and 47% grounder rate over 629 1/3 regular-season innings in a Philadelphia uniform.  The right-hander has been even more dominant during the postseason, delivering a 2.42 ERA over 63 1/3 playoff innings to help carry the Phillies to an NL pennant and an NLCS appearance over the last two seasons.

There aren’t many red flags on Wheeler as he enters his age-34 season, even if his 3.61 ERA in 2023 was the highest of his Philadelphia tenure.  He generated fewer grounders and allowed a bit more hard contact than usual, and Wheeler relied more heavily on his signature four-seamer than ever before — he reduced his cutter usage since the secondary pitch wasn’t as effective as it had been in 2021-22.

Health-wise, Wheeler underwent a Tommy John surgery in 2015 and battled some other arm problems during his time with the Mets in 2016-17.  He has been quite durable ever since, and a month-long bout of forearm tendinitis late in the 2022 season ended up being relatively minor, as Wheeler returned in strong form for the Phillies’ playoff run.

With his track record of success and durability, Wheeler figures to be one of the most sought-after members of the 2024-25 free agent class, even if he’ll be turning 35 in May 2025.  As such, Wheeler and his representatives at Wasserman might seek out a bit of a premium from the Phillies in order to keep the righty from testing the market.  A four-year extension isn’t an unreasonable ask given Wheeler’s relatively clean recent health history, and topping the $23.6MM average annual value on his current contract seems like a given.

The Phillies have obviously shown a willingness to spend big in acquiring and retaining star players over the last few seasons, even if this hasn’t manifested itself in many actual extensions.  Jose Alvarado and Seranthony Dominguez are the only Phillies to sign extensions during Dave Dombrowski’s three-plus years as president of baseball operations, and those relatively modest deals (two years and $18.55MM in new money for Alvarado, two years and $7.25MM for Dominguez) aren’t in the stratosphere of what it’ll take to lock up Wheeler.  While the Phillies kept Aaron Nola and J.T. Realmuto in the fold on new contracts, the Phils let both players reach the open market first before eventually re-signing the duo.

It was just over a month ago that Nola was re-signed to a seven-year, $172MM deal, cementing the right-hander as a staple of the Phils’ rotation through the rest of the decade.  Nola joins Bryce Harper and Trea Turner as Philadelphia players who are already signed through at least the 2030 season, plus Realmuto and Kyle Schwarber are on the books through 2025, and Taijuan Walker and Nick Castellanos are signed through 2026.  An extension for Wheeler would put yet another hefty contract on the team’s ledger, though spending big on star talent has long been Dombrowski’s M.O.  The Phillies have exceeded the luxury tax in each of the last two seasons and are projected to be well over at least the first tax threshold in 2024, so owner John Middleton isn’t showing any signs of cutting back given how close the Phillies have come to a championship.

That said, it seems like a lot of the heavy lifting is over on the Phillies’ 2023-24 offseason work, now that Nola has been re-signed and Yoshinobu Yamamoto is officially off the market.  Signing Yamamoto would have arguably been a luxury for the team, yet the team viewed him as a special player worthy of a strong push, and Dombrowski told Zolecki and other reporters that “I think we were extremely competitive” in at least getting Yamamoto’s attention.

“We were aggressive. When we made our presentation [to Yamamoto’s representatives], I think our guys did a tremendous job,” Dombrowski said. “I think they presented the organization well….I don’t think it had anything to do with anything else, he just preferred to be a Dodger.  Ultimately he was just not a person attuned to coming to Philly.”

In terms of further pursuits, Dombrowski said other additions would come “more around the edges” of the roster, since so much of Philadelphia’s 26-man is already set.  This will take the form of bullpen help and depth/swingman type of pitchers for the rotation, and Dombrowski downplayed the idea of adding another outfielder.  With Harper now the regular first baseman and Schwarber the regular DH, the Phillies will have Castellanos, Brandon Marsh, Johan Rojas, Cristian Pache, Jake Cave, Simon Muzziotti, and utilitymen Weston Wilson and Kody Clemens all in the mix for outfield playing time.

Red Sox Sign Mark Kolozsvary To Minor League Deal

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The Red Sox have signed catcher Mark Kolozsvary to a minor league contract, ESPN’s Kiley McDaniel reports (via X).  The deal contains an invitation to Boston’s big league Spring Training camp.

Kolozsvary’s MLB resume consists of 10 games with the Reds in 2022 and then one game (or, one half-inning as a defensive replacement) with the Orioles this past season.  The 28-year-old backstop was designated for assignment and then outrighted shortly after that lone appearance for the O’s, and Kolozsvary landed with the Twins on a minor league deal soon thereafter.

Originally a seventh-round pick for the Reds in the 2017 draft, Kolozsvary hasn’t hit much during his minor league career, and he has only a .174/.282/.301 slash line over 300 plate appearances at the Triple-A level.  However, he managed to climb the ladder and reach the majors on the strength of his all-around solid defensive game.  It’s the type of skillset that has extended many a catcher’s career, and Kolozsvary will head to Boston’s camp looking to impress either Red Sox brass or perhaps opposing scouts, if he ends up being a late cut.

The Red Sox already have Connor Wong and Reese McGuire lined up as their regular catching tandem, Roberto Perez was signed to a minor league deal earlier in December, and top prospect Kyle Teel could make his MLB debut at some point in 2024.  While perhaps somewhat of a crowded situation on paper, teams usually like to have depth in camp at the catcher position, and the Sox will be looking to both continue Teel’s development while also having an acceptable amount of emergency depth on hand at the Triple-A level.

Ryan Minor Passes Away

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Former Orioles third baseman and minor league manager Ryan Minor passed away on Friday at age 49, as announced by Ryan’s brother Damon (via X): “After a courageous and hard fought battle I’m sad to say that Ryan lost his fight with cancer this afternoon.  He truly was the best twin brother you can ask for. His family and I want to thank everyone for the prayers and support during this time.  BOOMER SOONER.”

Minor played in 142 MLB games over four big league seasons, hitting .177/.228/.259 over 342 career plate appearances.  Minor appeared in 87 games with the Orioles from 1998-2000 and in 55 games with the Expos in 2001, and his time in the minor leagues and in independent baseball spanned from 2002-05, including stops in the farm systems of the Mariners, Dodgers, and Marlins.

In just his third career big league game, Minor became a unique part of baseball history.  Minor was Baltimore’s starting third baseman against the Yankees on September 20, 1998, which meant that he was technically the player who supplanted Cal Ripken Jr. in the Orioles’ lineup on the night that Ripken voluntarily ended his record consecutive-games streak.

After retiring from playing, Minor started a long second career as a coach and minor league manager.  Much of that time was spent in Baltimore’s organization, working from 2010-19 managing the Orioles’ A-ball and high-A affiliates in Delmarva and Frederick.  Minor also worked as a coach and manager in the Atlantic League in 2006-07 before beginning his long stint with the Orioles, and he managed the Tigers’ Gulf Coast West League affiliate in 2020-21.

As Damon Minor’s message indicates, the Minor brothers attended the University of Oklahoma, and Ryan was a standout in both baseball and basketball.  Minor was a second-round draft pick (selected 32nd overall) for the Philadelphia 76ers in the 1996 NBA Draft, and he spent 1996 playing in the Sixers’ preseason camp and in the Continental Basketball Association.  The Orioles controlled Minor’s baseball rights via a 33rd-round selection in the 1996 MLB draft.

We at MLB Trade Rumors send our condolences to Minor’s family, friends, and colleagues.

Angels, Giants Among Teams Pursuing Blake Snell

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The Angels have lost Shohei Ohtani to the Dodgers and never appeared to be a finalist for NPB star Yoshinobu Yamamoto, but they’re pursuing the biggest fish remaining on the free agent market, per Susan Slusser of the San Francisco Chronicle, who reports that the Halos have made reigning NL Cy Young winner Blake Snell “their priority” now that Ohtani has officially departed. The Giants, too, are interested in Snell, per Slusser.

Signing Snell would be a departure from the norm for either club. The Angels’ three-year commitment to Tyler Anderson last offseason was the organization’s first multi-year deal for a free agent starting pitcher since signing Joe Blanton to a two-year contract a decade prior. Owner Arte Moreno has been comfortable with long-term deals for position players — oftentimes mega-deals that haven’t worked out favorably (Albert Pujols, Anthony Rendon, Josh Hamilton) — but has generally been wary of similar commitments to pitchers. The Angels did pursue Gerrit Cole when he was a free agent, but they of course lost out to the Yankees’ then-record bid of $324MM. (Yamamoto topped that mark by $1MM when he agreed to terms with the Dodgers.)

Similarly, the Giants have eschewed long-term deals for starting pitchers in five years under president of baseball operations Farhan Zaidi. San Francisco hasn’t gone beyond three years on any starting pitcher under the current regime — arguably a shrewd philosophy but also the reason that Kevin Gausman is starring for the Blue Jays on what now looks to be a wildly affordable five-year, $110MM contract. Zaidi’s club has gone to three years to sign Anthony DeSclafani and issued two-year deals for veterans Alex Wood, Alex Cobb, Sean Manaea and Ross Stripling, but longer-term pacts haven’t been in this front office group’s playbook.

Then again, the Giants also haven’t been consistently successful under this front office regime. Their 107-win season in 2021 stands as a clear highlight, but the Giants have fallen well shy of the lofty expectations set by that outlier season. Andrew Baggarly of The Athletic suggested earlier this week in his latest Giants mailbag that ownership could be providing “a little more direction from above” than in prior offseasons — particularly when it comes to this sort of long-term pursuit (one that, as Baggarly rightly notes, is largely possible by virtue of the front office’s prior aversion to taking on this sort of long-term risk). To be clear, Baggarly wasn’t addressing Snell in particular but rather the general philosophical shift associated with pursuing larger-scale additions from the free-agent market.

From a payroll vantage point, both the Halos and Giants can handle a weighty commitment to Snell, who’s reportedly been seeking a commitment of $200MM or more. San Francisco currently projects for a $158MM payroll, per Roster Resource, to say nothing of the fact that the Giants are about $45MM shy of the $237MM luxury-tax threshold. (Luxury tax is calculated by the sum of the average annual value on the payroll and can thus differ from the bottom-line dollars paid out in a given year; contracts are often backloaded or frontloaded for varying purposes.) The only two players signed beyond the 2025 season are ace Logan Webb (five years, $90MM from 2024-28) and newly signed center fielder Jung Hoo Lee, who inked a six-year, $113MM pact.

As for the Angels, they’re stuck paying the aforementioned Rendon $38MM for each of the next three seasons on his backloaded deal. There’s little no hope of trading that cumbersome contract away, so the team can only hope for a return to his Nationals form — unlikely as it may be as he enters his age-34 season. Anderson is signed through 2025 at $13MM per season, and the Angels still owe former MVP Mike Trout $34.45MM annually through the 2030 season.

Even with the huge commitments to Trout and Rendon, the Angels project for a $152MM payroll in 2024 and sit at just $167MM in terms of luxury-tax obligations. That leaves ample room to sign Snell, even if doing so would require shattering the franchise-record for a starting pitcher contract (Jered Weaver’s five-year, $85MM deal).

It stands to reason that with both Ohtani and Yamamoto now off the board, the market for Snell will continue to crystalize in the coming weeks. Several runners-up for Yamamoto, in particular, could pivot to consider Snell — although various reports out of New York have indicated that the Mets aren’t expected to be among them. Will Sammon of The Athletic wrote last weekend that the Mets weren’t planning to pursue other top-tier free agents if they fell short in their bid for Yamamoto, whom they considered to be uniquely aligned with their long-term plan given his youth. MLB.com’s Anthony DiComo echoed that sentiment today, reporting that the Mets shouldn’t be expected to pursue Snell or fellow free agent Jordan Montgomery.

Several Angels Players Reportedly Drawing Trade Interest

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According to a report from Ken Rosenthal of The Athletic, the Angels have received trade interest on several of their controllable players this offseason. Infielder Luis Rengifo, catcher Matt Thaiss, left-hander Jose Suarez as well as outfielders Taylor Ward and Mickey Moniak are all pieces who have reportedly been asked after to this point in the winter.

That clubs would see the Angels as a potential trade partner is hardly a surprise. With Shohei Ohtani having departed the club in favor of Chavez Ravine, the club figures to be all but forced to begin a significant retool of their roster if they hope to improve upon their consecutive 73-win campaigns in 2022 and ’23 even after parting ways with the most valuable player in the sport.

While that could see the club dabble in the free agent market, where they’ve been connected to left-hander Blake Snell and veteran slugger J.D. Martinez recently, it seems unlikely the club would be able to completely retool their roster just through free agency even as RosterResource projects the club for a payroll of just $153MM next season, more than $60MM below their payroll in 2023. As such, it’s hardly a surprise that the Angels would consider exploring the trade market, particularly given reports earlier this month that they have been aggressive in their pursuit of starting pitching via trade.

With all that being said, each of the rumored players garnering interest are controllable, inexpensive pieces who could prove key to Anaheim’s hopes of contending in 2024 and beyond. According to Rosenthal, the club’s willingness to deal any of the aforementioned players could hinge on the willingness of ownership to spend to replace the outgoing talent on the open market. It’s possible that between money spent on a replacement and the trade return the club could receive for their controllable talent, the Angels could improve their overall outlook even by trading away a fairly key piece in their current 2024 outlook.

Rengifo, 27 in February, is coming off the best season of his career in 2023. After entering the All Star break with a mediocre .219/.312/.326 slash line, the switch-hitter caught fire down the stretch with a .318/.374/.587 the rest of the way until his season came to an end due to a torn biceps tendon that ended up requiring surgery. With Rengifo expected to be ready for Spring Training, however, it’s easy to see why rival clubs would be interested in his services. Overall, Rengifo posted a solid 114 wRC+ while playing passable defense all around the diamond, with time spent at second base, third base, shortstop, and all three outfield spots over the course of the 2023 season. That positional flexibility paired with a solid bat would make Rengifo a worthwhile addition for most any team, and the fact that he can be controlled for two seasons surely makes him all the more enticing for rival clubs, and the presence of Brandon Drury could allow the Angels to replace Rengifo at the keystone fairly seamlessly.

Thaiss and Suarez, on the other hand, are not quite as obviously enticing as Rengifo. Thaiss slashed just .214/.319/.340 overall last season in 307 trips to the plate while posting average defensive marks behind the plate, while Suarez missed most of 2024 with shoulder issues and struggled to a 9.62 ERA in six starts prior to that trip to the IL.  With that being said, each could nonetheless be of interest to clubs.

Catching depth is always something clubs are on the hunt for, and Thaiss offers an average bat and glove for the role with enough offensive potential that he could even have further upside as a tandem catching option should his offense take a step forward at some point. Thaiss also bats left-handed, making him a potentially useful pinch-hitter off the bench on days where he isn’t catching. Suarez, meanwhile, was an extremely valuable lefty swingman for the Angels in 2021 and ’22, with a 3.86 ERA across 207 1/3 innings of work. Given the fact that Suarez and Thaiss are controllable for three and four more seasons respectively, they’d be affordable options for clubs in need of a catcher or flexible pitcher who can throw from the left side.

It’s easy to see why Ward and Moniak would be attractive to rival clubs, but they may be difficult for the Halos to part with this offseason. Ward has become one of the club’s steadiest offensive producers in recent years, with a .265/.349/.446 slash line in 297 games since the start of the 2021 campaign. Ward is likely penciled in for everyday duty in one of the outfield corners not only for 2024, but for seasons to come, as he won’t be a free agent until after the 2026 campaign. Moniak, meanwhile, enjoyed a breakout season in his first full season as an Angel in 2023, slashing a respectable .280/.307/.495 with a wRC+ of 114 in 85 games. Moniak is also the club’s best option in center field besides Mike Trout, who has dealt with injuries more and more frequently in recent years and may benefit from additional rest in the form of occasional DH starts as he stares down his 33rd birthday in August.

In terms of the potential return headed to Anaheim should any of these players be dealt, it’s easy to assume the club would focus on bolstering their pitching staff in any deal. The club posted a respectable 101 wRC+ as a team in 2023, and while that includes the incredible production of Ohtani, its fair to point out that healthy seasons from the likes of Trout and Ward as well as continued development from key youngsters like Nolan Schanuel, Logan O’Hoppe and Zach Neto could all help the club make up for some of Ohtani’s lost production.

By contrast, the team posted an ERA of just 4.64 in 2023 even with Ohtani contributing 132 innings of 3.14 ERA baseball. The rest of the club’s rotation was essentially league average, with Patrick Sandoval’s 4.11 ERA (109 ERA+) leading the pack. Meanwhile, the club’s bullpen posted a disastrous 4.88 ERA that ranked bottom-six in the majors last year. Given those massive shortcomings, the addition of impactful pitching talent figures to be the Halos’ best hope of getting Trout back to the postseason for the first time since 2014.

Latest On Yankees’, Mets’ Failed Pursuits Of Yoshinobu Yamamoto

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The Yoshinobu Yamamoto sweepstakes ended late last night when the 25-year-old right-hander agreed to a 12-year deal with the Dodgers worth $325MM. The massive figure is a record for free agent pitchers (aside from two-way superstar Shohei Ohtani’s $700MM deal with LA earlier this month) as Yamamoto slightly surpassed Gerrit Cole’s nine-year, $324MM guarantee with the Yankees.

Among the most aggressive suitors for Yamamoto’s services aside from the Dodgers were the two New York teams. Both the Yankees and Mets met with Yamamoto multiple times and reportedly made offers that appeared to match or even exceed LA’s in terms of aggressiveness. Previous reporting indicated that the Mets offered Yamamoto a matching $325MM guarantee while the Yankees offered $300MM over just ten years, boosting the deal’s average annual value to $30MM. In the aftermath of Yamamoto’s decision to head to Los Angeles, more details regarding both clubs’ ultimately fruitless pursuits of the right-hander have come to light.

According to Ken Rosenthal of The Athletic, the Yankees’ offer to Yamamoto exceeded that of the Dodgers’ in a few key areas despite offering $25MM less in terms of total guarantee. In addition to the aforementioned higher AAV, Rosenthal indicates the Yankees were willing to offer Yamamoto opt-out opportunities after the 2028 and 2032 seasons, both one year earlier than the opt-out opportunities he received in his contract out west. The differences in those offers are more meaningful than they may immediately appear. Had Yamamoto signed in the Bronx, he would have had the opportunity to hit free agency for a second time before his 30th birthday, while his deal with the Dodgers will offer him his first chance to opt-out after his age-30 season. Generally, players younger than 30 are widely considered to be far more attractive candidates for long-term deals than those older.

In addition to the potentially more lucrative opt-out situation, the Yankees’ offer to Yamamoto was not back-loaded, as his deal with the Dodgers reportedly is. That the contract Yamamoto ultimately agreed to is back-loaded is no small factor; not only does that mean that the deal’s present day value is diminished somewhat, it also means Yamamoto would be leaving a larger portion of his guaranteed money on the table by opting out of his contract with the Dodgers. No such concern would exist with the Yankees’ offer.

For the Mets’ part, Mike Puma of the New York Post indicates that the club’s 12-year, $325MM offer to Yamamoto was “among the first received” by the right-hander, and that the club was not offered the chance to improve upon that offer. Puma goes on to note, however, that the club may not have significantly raised their bid above that $325MM figure due to the roughly $50MM posting fee the club would have owed to Yamamoto’s NPB team, the Orix Buffaloes, had a deal come together.

The Mets have long been expected to largely avoid top-of-the-market bidding wars for starting pitchers this offseason if they were to miss on Yamamoto, and club owner Steve Cohen seemingly confirmed that stance in conversation with reporters today. As relayed by Puma, Cohen discussed a more cautious approach to free agency this offseason than in previous seasons under his ownership.

“We’re going to be thoughtful and not impulsive and thinking about sustainability over the intermediate long-term, but not focused on winning the headlines over the next week,” Cohen said. “I think there’s a couple of ways to build a team… We’ll build it. It will happen. Slowly and surely you will see changes and improvements.”

Such a measure approach to the 2023-24 offseason has seemed to be a possibility in Queens ever since veteran right-hander Max Scherzer indicated last summer that the club viewed 2024 as “a kind of transitory year” with 2025 and 2026 as the club’s true focus in terms of returning to contention. Since then, the club’s pursuit of Yamamoto has largely taken center stage as the club has made smaller moves on the periphery, adding Luis Severino and Joey Wendle in free agency while picking up Adrian Houser and Tyrone Taylor in trade.

One factor that may have helped the Dodgers in their pursuit of Yamamoto, as discussed by Rosenthal, is the $50MM signing bonus he’ll receive as part of the contract. Rosenthal notes that Yamamoto’s bonus, paid entirely in 2024, would not be subject to California state taxes so long as he is not a resident of the state. That structure reportedly could save the right-hander as much as $7.2MM. Perhaps even more valuable than that savings would be the Dodgers’ unique position to accommodate his transition to the majors. NPB teams typically use six-man rotations with starters expected to pitch just once a week, making the move to MLB a significant jump in workload for overseas arms.

As noted by Mike DiGiovanna of the LA Times, the Dodgers are all but guaranteed to plan on a six-man rotation for the 2025 season given the expected return of Ohtani to the mound that season. The lessened workload could help Yamamoto stay healthy throughout his big league career, which DiGiovanna relays is perhaps the primary concern of scouts regarding his future in the majors thanks to his undersized 5’10”, 176lb frame. Of course, there’s no guarantee that such an arrangement will be the plan for the Dodgers in 2024, when Ohtani will be rehabbing UCL surgery. Even so, DiGiovanna notes that the Dodgers’ starters appeared on regular rest in just 42 regular season games last season, leaving the door open for Yamamoto to get extra days of rest built into his schedule even if the club doesn’t go with a proper six-man rotation.

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