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Mets Sign Taylor Kohlwey To Minor League Deal

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The Mets have signed outfielder Taylor Kohlwey to a minor league contract and invited him to spring training, the team announced Friday.

A 21st-round pick by the Padres back in 2016, Kohlwey made his big league debut this season and went 2-for-13 with a pair of singles. The 29-year-old has minimal big league experience but a strong track record of getting on base in the upper minors, evidenced by a career .296/.387/.444 slash in parts of four Triple-A seasons. Kohlwey has walked in 12.1% of his Triple-A plate appearances and fanned at a lower-than-average 17.5% rate.

He’s played primarily left field in his professional career but also has nearly 1800 innings in right field, more than 750 innings in center and more than 800 innings at first base. He marks yet another depth pickup for new president of baseball operations David Stearns, who’s been active in minor league free agency, on the waiver wire and with big league signings on the fringes of the Mets’ 40-man roster early in the offseason. The Mets have yet to make any major splashes under Stearns, though they’ve been connected to several of the top remaining free agent names — most notably NPB ace Yoshinobu Yamamoto.

Royals, Mariners Have Shown Trade Interest In Tyler O’Neill

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The Cardinals have been exploring trade scenarios involving outfielder Tyler O’Neill —  president of baseball operations John Mozeliak acknowledged as much at this week’s Winter Meetings — and Derrick Goold of the St. Louis Post Dispatch reports that the Royals and Mariners are two of the several teams who’ve spoken to the Cards about the 28-year-old O’Neill.

A two-time Gold Glove winner in left field, O’Neill had a monster 2021 season that netted him an eighth-place finish in National League MVP voting but has battled injuries throughout his career. He slashed .286/.352/.560 with 34 home runs. He walked at a below-average 7.1% clip and fanned at a lofty 31.3% rate, but it was an undeniably excellent campaign all around. The two seasons since have been decidedly less than that.

From 2022-23, O’Neill has appeared in just 168 games and totaled 649 plate appearances with a .229/.310/.397 slash. Along the way, he’s dealt with shoulder, hamstring, foot and back injuries. Staying on the field has been a problem throughout his big league tenure;  since making his MLB debut back in 2018, O’Neill has been placed on the injured list on 12 different occasions, owing to a wide variety of ailments. He’s controlled for just one more year before becoming a free agent, and MLBTR contributor Matt Swartz projects O’Neill to earn a reasonable $5.5MM salary this coming season.

The Cardinals have been seeking bullpen help on the trade market, and it stands to reason that even one year of O’Neill could land them that. Goold notes that they’re also open to packaging him in a larger deal to acquire a front-end rotation upgrade, though such a deal would be far harder to orchestrate. Excellent as O’Neill was in 2021, that was two years ago, and he’s now a one-year bounceback rental. He wouldn’t be a prominent factor in any package for a high-end starter.

As for the two reported suitors, both make some degree of sense. The Mariners could use a right-handed bat to replace free agent Teoscar Hernandez and Eugenio Suarez, whom they traded to the Diamondbacks earlier in the offseason. Whether O’Neill fits the Mariners’ stated preference of adding more contact to the lineup, however, is an open question. He fanned at 25.2% clip last year — far lower than the 30%-plus marks posted by both Suarez and Hernandez. However, O’Neill whiffed in more than 31% of his plate appearances in his best season and has a career 30% mark.

That said, Seattle’s interest is only natural, considering the Mariners are the team that selected him in the third round of the 2013 draft. That predates president of baseball operations Jerry Dipoto’s time with the team — and it was Dipoto who traded O’Neill to St. Louis in exchange for Marco Gonzales — but there are some longtime holdovers who surely still view O’Neill in a favorable light.

In reporting on the Mariners’ interest in Jorge Soler this morning, Ken Rosenthal of The Athletic suggested that the M’s might want to spread their remaining financial resources out among multiple targets. O’Neill would allow them to do that more than Soler, who’ll likely command a salary two to three times as large as O’Neill in free agency. Then again, it’s also possible the M’s could sign Soler to DH and acquire O’Neill to play left field in place of Jarred Kelenic, who was traded to the Braves earlier in the week. The Mariners’ payroll projection right now checks in under $120MM, and Dipoto has spoken on record about how payroll can increase over last year’s $140MM mark.

As for the Royals, they’re lacking in the way of any established big league outfielders. Royals outfielders combined for a lowly .228/.294/.393 batting line in 2023, with the resulting 84 wRC+ ranking 29th in the Majors. O’Neill fits the Royals’ longstanding preference for premium defensive players, and the upside of his 2021 season at the plate is the type of production that the budget-conscious Royals typically can’t afford to pursue in free agency.

At present, the Royals’ outfield mix consists of MJ Melendez, Drew Waters, Kyle Isbel, Edward Olivares and Nelson Velazquez. The latter of that quintet surely earned a full look in 2024 with a huge power showing following his acquisition from the Cubs at last year’s deadline, and Melendez has long been one of the organization’s top prospects. None from that bunch has had any sustained MLB success, however, and Melendez — also a catcher — grades out quite poorly from a defensive standpoint.

The Royals are known to be in the market for rotation help, but general manager J.J. Picollo also said earlier in the offseason that a bat who could hit somewhere from third to sixth in the middle of his order would be nice to add. A healthy O’Neill is absolutely that type of bat, and his projected salary fits comfortably within the $30MM+ that Picollo acknowledged he has to spend this winter.

Braves Sign Zach Logue To Minor League Deal

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The Braves have signed left-hander Zach Logue to a minor league deal, as relayed by Jon Heyman of The New York Post. The lefty is a client of MSM Sports Management.

Logue, 28 in April, has 68 innings of major league experience to his point, pitching for the A’s in 2022 and the Tigers in 2023. He has an unfortunate 6.88 earned run average in that small sample, with a respectable 7.2% walk rate but a subpar 17% strikeout rate. He spent most of 2023 in Triple-A, tossing 90 1/3 innings at that level with a 6.58 ERA. He was outrighted by the Tigers in August and able to elect free agency at season’s end.

Prior to getting to the big leagues, Logue was a prospect in the Blue Jays’ system, eventually coming to the A’s as part of the Matt Chapman trade. He was in better form prior to that deal, tossing 125 minor league innings in 2021 with a 3.67 ERA, 28.2% strikeout rate and 5.3% walk rate.

Atlanta has a strong front three in their rotation, with Spencer Strider, Max Fried and Charlie Morton. Beyond that, things are less firm, with Bryce Elder, Huascar Ynoa, Reynaldo López and AJ Smith-Shawver some of the options for the back end. They might still acquire more pitching throughout the offseason but Logue can provide them with some non-roster depth regardless. If he can get back into the form he showed a few years ago and earn a roster spot, he still has one option season remaining and less than a year of service time.

Mariners, Diamondbacks Showing Interest In Jorge Soler

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The Mariners and Diamondbacks are among the clubs with interest in free agent slugger Jorge Soler, reports Ken Rosenthal of The Athletic. Soler opted out of the final year and $13MM on his three-year contract with the Marlins at the beginning of the offseason.

That decision came as little surprise when looking at Soler’s production this past season. The 31-year-old (32 in February) popped 36 home runs while slashing .250/.341/.512 in 580 plate appearances with Miami. His 11.4% walk rate was the second-highest of his career and best since 2016, while his 24.3% strikeout rate was the lowest of his career. Soler averaged a hefty 91.3 mph off the bat and ranked in the 91st percentile of all MLB hitters in terms of “barreled” ball rate, as defined by Statcast. In a market largely devoid of power bats, Soler has clear middle-of-the-order upside, and his recent K/BB improvements are particularly encouraging.

The Marlins are said to have some interest in a reunion, but both Seattle and Arizona are obvious fits for a hitter of this skill set. The Mariners opted not to make Teoscar Hernandez a qualifying offer and let him walk in free agency, removing one of their top power bats in the process. They later traded Eugenio Suarez and his $12MM salary to the D-backs, receiving backup catcher Seby Zavala and high-upside reliever Carlos Vargas in the process. The M’s also engineered a salary-motivated deal sending Marco Gonzales and Evan White to the Braves alongside Jarred Kelenic, netting righties Jackson Kowar and Cole Phillips in the process.

Mariners president of baseball operations Jerry Dipoto said earlier this offseason that he hoped to lower the team’s strikeout rate, and moving on from both Hernandez (31.1%) and Suarez (30.8%) work toward that end. Soler has long had strikeout issues of his own, but he’s at 25.1% over the past three seasons. That’s a notable decrease from both Hernandez and Suarez, and Soler has more power than either player. Dipoto has also spoken this winter about how he’d be comfortable deploying a full-time designated hitter. Soler, of course, would fit that billing. He can still play right or left field in a pinch, but his defensive deficiencies are well known.

The trades of Suarez, Gonzales and White have left the M’s with a projected payroll under $120MM. Dipoto, meanwhile, has suggested that despite the cost-cutting measures so far this winter, the overall payroll could still rise higher than last year’s $140MM mark. There’s room to add Soler and still pursue other offensive upgrades (particularly if the Soler deal is backloaded). Soler is also quite familiar with new Mariners hitting coach Brant Brown, who held the same role in Miami last year.

Down in Arizona, the D-backs have significantly boosted payroll by acquiring Suarez and agreeing with Eduardo Rodriguez on a four-year, $80MM contract. Their projected $133MM payroll is a tick higher than the franchise-record mark of $131.5MM, but the Snakes are also coming off an unexpected deep postseason run that saw them advance all the way to the World Series. Presumably, there’s some extra resources in their supply as a result of that increase in revenue. And, the surge into the Fall Classic’s spotlight in many ways shows that the core of this group has arrived, and the time to supplement it is now.

Rosenthal reports that the Diamondbacks’ preference would be for a right-handed bat that can slot into the middle of the lineup. Again, Soler fits that description aptly. The D-backs have an all left-handed outfield (Corbin Carroll, Alek Thomas, Jake McCarthy, Dominic Fletcher), so adding Soler for some occasional corner work and plenty of designated hitter plate appearances would help to balance out the lineup.

There’ll surely be competition for Soler’s services, and the question of asking price is paramount for a pair of suitors who are likely working with limited financial maneuverability, to varying extents. Rosenthal suggests both Arizona and Seattle would prefer to spread out their remaining resources over multiple hitters. Without knowing exactly how high D-backs owner Ken Kendrick is willing to take payroll, it’s hard to say whether there’d be room to add Soler and look for further supplements (at least via free agency). With regard to the Mariners, it seems plenty feasible to sign Soler to a multi-year deal — MLBTR predicted a three-year, $45MM deal, for what it’s worth — and still have room to make some further additions if the payroll indeed can increase over last year’s roughly $140MM threshold.

Red Sox Interested In Whit Merrifield

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The Red Sox have needs at second base and in the outfield and could perhaps address both of those areas with one player. Per a report from Chad Jennings and Jen McCaffrey of The Athletic, the club has “considered” Whit Merrifield and contacted his representatives, though the report characterizes the talks as preliminary with nothing appearing to be imminent.

Merrifield, 35 in January, has spent the past three seasons with offense a bit below league average but providing speed and defensive versatility. Splitting that stretch between the Royals and Blue Jays, the right-handed hitter took 1,862 trips to the plate in 446 games. He hit just 32 home runs in that time and walked at a mere 6.1% clip but also limited his strikeouts to a 15.5% rate. His .268/.311/.385 batting line in that time translates to a wRC+ of 90, or 10% below league average.

But he also stole 82 bases and split his time between second base and the outfield. His work at the keystone was strongly reviewed, as he produced 5 Defensive Runs Saved, 13 Outs Above Average and a grade of 6.1 from Ultimate Zone Rating. His marks in the outfield were more mixed, but teams love versatility and the ability to passably move around the diamond will certainly be attractive.

The fit with the Red Sox is quite sensible. Earlier this week, chief baseball officer Craig Breslow spoke about the club’s needs, saying that the “ideal” second base acquisition for them would be a right-handed hitter who plays plus defense, though he suggested a trade would be more likely than a free agent signing.

Merrifield isn’t the only strong defender who hits from the right side that’s available. Amed Rosario has mostly played shortstop in his career but received decent grades at the keystone with the Dodgers in the second half of 2023. The trade market could perhaps have guys like Gleyber Torres and Ha-Seong Kim, though there hasn’t been much to suggest a trade of either is likely. Jonathan India makes some sense as a trade candidate but the Reds have downplayed his availability and he’s generally considered a poor defender. Jorge Polanco is a switch-hitter but his offense is better than his defense and his bat is better from the left side. Brandon Drury could be available if the Angels are stepping back in 2024 but it doesn’t appear as though they will. Christopher Morel could be a good fit but he still has five years of control remaining and the Cubs seem to be trying to use him to pull off a big trade for someone like Pete Alonso or Tyler Glasnow.

All that is to say that the Sox have plenty of options, but Merrifield is one that makes sense. In addition to his right-handed bat and strong second base defense, his ability to move to the outfield could be enticing to them. The Boston outfield mix, even after trading lefty Alex Verdugo, projects to have lefties Wilyer Abreu, Jarren Duran and Masataka Yoshida. The latter will possibly see significant time as designated hitter, but not everyday. Breslow also suggested this week that he would like a right-handed hitter who could play center field but also said that’s not a need. Ceddanne Rafaela hits from the right side and the report linked in the first paragraph suggests the team feels he could viably handle center field.

Merrifield isn’t really someone to be relied on for center. He has just 120 innings there over the past three years and none in 2023. But perhaps the Sox could feel comfortable with a Rafaela up the middle, with Duran playing both left field and some center, as Abreu, Yoshida and Rob Refsnyder chip in at the corners as well. That’s a group fairly light on experience, however, and could perhaps do with a veteran addition. If Merrifield were to take the second base job, it’s possible he’s eventually pushed off by middle infield prospects Nick Yorke and Marcelo Mayer, but his ability to play the outfield could still allow him to be useful to the club.

MLBTR predicted Merrifield for a two-year, $18MM deal this winter, which would easily fit onto Boston’s payroll at present. Roster Resource lists their 2024 outlay as $164MM with a competitive balance tax figure of $176MM. It’s possible the club doesn’t want to go over the $237MM base threshold for the CBT after a last place finish in the East and with a new decision maker just hired, but that could still leave something like $60MM of wiggle room if they are willing to get near the line.

The club’s priority is pitching, however, which could be why the talks with Merrifield have only been preliminary thus far. If they decide to make a splashy move or two in upgrading their staff, they might be left with little left for pursuing upgrades at second base and the outfield. But Merrifield likely won’t require a ridiculous contract so it’s possible they circle back to him later in the winter after they make their decisions on the pitching front. Merrifield was also connected to the White Sox back in October but that club has since acquire Paul DeJong, Nicky Lopez and Braden Shewmake for their middle infield.

Yankees Re-Sign Billy McKinney, Anthony Misiewicz To Minor League Deals

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The Yankees have re-signed outfielder Billy McKinney and lefty reliever Anthony Misiewicz to minor league contracts, reports Jack Curry of the YES Network. Both players figure to be in big league camp next spring.

McKinney, 29, returns for a third stint with the Yanks. A 2013 first-round pick by the A’s, McKinney found himself traded from Oakland to Chicago in the 2014 Jeff Samardzija trade and from Chicago to New York in 2016’s Aroldis Chapman swap. He debuted in the Bronx in 2018 but was quickly traded a third time, going from New York to Toronto in 2018’s J.A. Happ deal.

While McKinney was clearly a prospect of note — hence the first-round selection and three organizations targeting him in returns for notable veterans — he hasn’t yet solidified himself in the big leagues. He’s tallied 915 plate appearances but posted a .209/.284/.390 output in that time. That includes a 2023 season spent back with the Yankees after signing a minor league deal; he slashed .227/.320/.406 in 147 plate appearances this past season. In parts of six Triple-A seasons, McKinney is a .271/.354/.511 hitter.

Misiewicz, also 29, has been on five teams in the past calendar year. In the 2022-23 offseason he went from the Royals to the Cardinals in exchange for cash before being traded from St. Louis to Arizona in another cash swap just prior to Opening Day. The Tigers and lastly the Yankees both picked him on subsequent in-season waiver claims. The Yankees non-tendered him last month.

Since making his MLB debut in 2020, Misiewicz has pitched 114 2/3 innings of 4.71 ERA ball over the course of 130 relief appearances. He’s punched out a roughly average 22.8% of his opponents against a strong 7.5% walk rate, but he’s become increasingly susceptible to hard contact over the past three seasons and subsequently been more homer-prone.

The Yankees’ recent trade-market flurry has filled the outfield, with Juan Soto and Alex Verdugo coming to the Bronx to flank Aaron Judge in center field. McKinney has some experience at first base as well, but that’s spoken for by Anthony Rizzo. It’s possible he could earn a bench spot, but if not he’ll open the year in Triple-A Scranton/Wilkes-Barre.

Similarly, Misiewicz could be ticketed for Scranton to begin the year, although at least at the moment, he has a clearer path to winning a spot on the roster. Nick Ramirez and Matt Krook are the only lefty relievers on the Yankees’ 40-man roster, but that could be addressed with subsequent free agent and/or trade acquisitions now that they’ve overhauled their outfield and lineup.

Shohei Ohtani Decision Reportedly “Imminent”

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Shohei Ohtani’s cloak-and-dagger free agent saga has held up the top end of the free-agent and trade markets alike through the offseason’s first several weeks, but a decision from the two-time AL MVP is “imminent” and could be announced at some point today, per MLB.com’s Jon Morosi. In a segment on MLB Network (video link), Morosi adds that the Blue Jays have improved their standing in the Ohtani derby this week and are a finalist alongside the Dodgers, at the very least.

At last check, the Jays, Dodgers, Giants, Angels and Cubs were all involved in the bidding. The possibility of a dark-horse suitor that’s flown under the radar to this point can’t be ruled out, given the secretive nature of Ohtani’s free agency. Anecdotally, it’s of note that Friday marks six years, to the day, since Ohtani made his last free-agent decision, when he signed with the Angels.

Ohtani and the Blue Jays are believed to have met at the team’s spring training complex in Florida this week. Dodgers skipper Dave Roberts acknowledged during the Winter Meetings that his club had met with Ohtani and considered him their “top priority,” prompting some hand-wringing among Dodger fans that even such a basic acknowledgment of the obvious might work to their detriment. The Giants are reported to have met with Ohtani last weekend at Oracle Park. The incumbent Angels, of course, are already a known and familiar commodity for Ohtani. The Cubs’ status in the bidding remains least certain, though president of baseball operations Jed Hoyer publicly denied reports this week suggesting that his team’s optimism regarding Ohtani had waned.

Bidding on Ohtani was widely expected to eclipse $500MM, even after the slugger/ace underwent elbow surgery following the 2023 season. He’s not expected to pitch in 2024 but is on track to be ready to be in his next team’s Opening Day lineup as a designated hitter. There’s been some speculation this week that the bidding could push closer to a staggering $600MM. It’s heavily speculative at this juncture, given the by-design quiet nature of Ohtani’s foray into the open market.

Ohtani, 29, will be a transformative presence in any lineup he joins. A career .274/.366/.556 hitter, he’s stepped up his offensive game in recent seasons. He’s not quite on the same level as Aaron Judge or longtime teammate Mike Trout in terms of per-game production, but Ohtani has also been in the lineup more than both players over the past three seasons, even after missing the final several weeks of the ’23 campaign due to that elbow injury and an oblique strain. Since 2021, only Judge, Kyle Schwarber and Matt Olson have hit more than Ohtani’s 124 home runs. Only Judge, Trout and Yordan Alvarez have topped Ohtani’s massive 157 wRC+ (indicating that he’s been 57% better than a league average hitter after weighting for home park and league run-scoring environment). In that time, Ohtani carries a .277/.379/.585 batting line.

That’s only half the story with Ohtani, who finished fourth in 2022 American League Cy Young voting and has emerged as a legitimate top-of-the-rotation starter — when healthy. That’s a massive caveat in light of an earlier Tommy John surgery and now a second elbow procedure (details of which remain nebulous to public onlookers). But over the past three seasons, Ohtani has pitched 428 1/3 innings 2.84 ERA ball with an elite 31.4% strikeout rate and an 8.3% walk rate.

If Ohtani is able to return to those heights following a second elbow surgery, there’s a very feasible path to him simultaneously winning a league MVP and Cy Young Award. His ability to regain that form, of course, is the single largest question mark surrounding him. There’s no doubt that Ohtani will pitch again in some capacity, but his expected level of success will remain a talking point until he actually takes the mound. At this point, he’s proven that it’s foolish to bet against him — but even if Ohtani can’t recapture that ace form, there’s plenty of value in him beyond that of a pure designated hitter. If he could pitch even as a capable mid-rotation starter or perhaps effective reliever, that’d be immensely valuable in and of itself.

And, even if Ohtani is simply never able to regain his form as a viable MLB pitcher, there’s no reason to think he’d “only” be a designated hitter. He’s played in the outfield both in Japan and (far more briefly) with the Angels. Ohtani still possesses above-average sprint speed, per Statcast, and there’s some reason to think he could improve upon last year’s 63rd-percentile ranking if he were focusing only on hitting and playing the outfield. He’s swiped 86 bases in his career, including a 20-for-26 showing this past season. The arm strength is clearly there, as is the raw athleticism needed to handle the position. At that point, Ohtani could be viewed in a somewhat comparable light to that of Judge, who signed a nine-year, $360MM contract when he was two years older than Ohtani is at present.

The off-field value associated with Ohtani can’t be discounted, either. Any team signing him will be tapping into a global fanbase that’ll boost merchandise sales, ticket sales, television ratings and more. Ohtani’s broad-reaching brand won’t pay for his salary on its own, but it’s a clear factor that any interested club will be weighing and attempting to contextualize/value when putting forth its best offer.

With a decision looming on Ohtani, let’s open it up for MLBTR readers with a poll:

The Opener: Orioles, Diamondbacks, Contracts

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With the Winter Meetings now in the rear view mirror, here are three things we’ll be keeping an eye on around the baseball world throughout the day today:

1. Will the Orioles change hands?

The Orioles are coming off a sensational season that saw them post an AL-best record of 101-61 as the core of young talent cultivated by GM Mike Elias and his front office in recent years finally came to fruition. While the club seems sure to once again be a force to be reckoned with in 2024, recent news created some off-the-field uncertainty for the Orioles’ regarding their future. Reporting indicated yesterday afternoon that David Rubenstein, co-founder of the Carlyle Group, was in talks to acquire the Orioles from the Angelos family. It’s unknown at what level those talks are occurring, but a change in ownership as the Orioles enter their competitive window could be a game changer for a club that (according to Cot’s Baseball Contracts) has posted a bottom-five payroll in the majors each of the past five seasons.

2. How much do the Diamondbacks have left to spend?

After reportedly agreeing to a four-year, $80MM contract with left-hander Eduardo Rodriguez to shore up the club’s rotation, the Diamondbacks have dipped their toes into uncharted territory with regards to their payroll. The reigning NL champions have never posted a payroll higher than $131MM (per Cot’s) and yet RosterResource now projects the club for a $133MM payroll in 2023 as things currently stand. Will GM Mike Hazen and his front office have more room to spend as they follow up on last year’s deep postseason run? If there is additional payroll space in Arizona, the club is reportedly interested in offensive additions, including at DH.

3. Contracts waiting to be finalized:

Several contracts from the winter meetings have not yet been finalized and formally announced by their clubs at this point. Of particular noted are the pending one-year deal between utilityman Nick Senzel and the Nationals as well as the reported three-year agreement between infielder Jeimer Candelario and the Reds, as the deals would leave Washington and Cincinnati without any remaining space on their 40-man roster. That’ll force them to make corresponding moves for future additions to the 40-man this offseason. Other deals that have not yet been made official include the one between Arizona and Rodriguez as well as yesterday’s pact between the Mets and right-hander Jorge Lopez.

David Rubenstein Reportedly In Talks To Acquire Baltimore Orioles

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Carlyle Group founder David Rubenstein is in talks to acquire the Baltimore Orioles, according to a report from Gillian Tan of Bloomberg. The O’s are currently owned by the Angelos family.

It’s unclear at this point what stage the talks are at or if any kind of deal is close at this time. It also doesn’t seem like Rubenstein is the only person pursuing the club, as the report states that he is “among suitors pursuing a transaction.” Whether the Angelos family has pursued this or have merely been approached by prospective buyers isn’t clear, but there has been plenty of uncertainty in recent years about the future of the franchise.

Peter Angelos, now 94, was the principal investor of a group that purchased the franchise in 1993. After he collapsed in 2017 due to the failure of his aortic valve, larger roles were taken up by his wife Georgia and sons John and Lou. In June of 2022, reports emerged of infighting between the family about control of the club, with MLB approving John as the club’s “control person” in 2020. Multiple lawsuits were filed and the reporting of the legal battle revealed that Georgia had hired Goldman Sachs to look into a possible sale of the club. In February of this year, it was reported that the family members had reached an agreement to drop their lawsuits against each other. “I would say that there’s not a plan to change the principal ownership or the managing partnership and there would be no reason to,” John said on the matter in February.

Amid all of the drama over the ownership situation, there has also been an ongoing situation regarding Oriole Park at Camden Yards. The club’s lease on the facility runs through 2023. They had an opportunity to extend that for five years but chose in February not to do so. The hope was that they could work out a longer deal that would allow them to take advantage of a new Maryland law and borrow $600MM for stadium upgrades. Both John and Maryland Governor Wes Moore have made public statements expressing optimism about getting a new deal done.

In August it was reported that John was trying to leverage the stadium negotiations into acquiring public land. He reportedly envisioned developing a mixed-use area with commercial and retail spaces, emulating to The Battery and Truist Park where the Braves play in Georgia.

In September, John and Gov. Moore announced a new 30-year lease between the club and the state, though this was actually misleading. Reporting from the next day revealed that they had merely signed a memorandum of understanding, which was legally non-binding. The lease is still set to expire on December 31 and recent reporting has suggested the two sides may have to sign a short-term extension of a year or perhaps even go month-to-month, per Hayes Gardner of The Baltimore Sun, while working out a longer deal.

In addition to all of that, the club has made almost no long-term investments in any players. The O’s haven’t signed a free agent to a multi-year deal since March of 2018, with was Alex Cobb’s four-year deal. Since then, the only contracts longer than one year the club has given out have been two-year extensions to John Means and Félix Bautista, both players that were already under club control and rehabbing from Tommy John surgery. For much of that time, the club was in rebuilding mode. But even as they have returned to contention in the last two years, including winning the AL East with 101 wins in 2023, they have yet to make any kind of commitment to anything down the road.

Rubenstein, 74, is the co-founder and co-chairman of the Carlyle Group, a private equity company. He was born in Baltimore and Bloomberg estimates his net worth as $4.6 billion, though Forbes comes in below that at $3.6 billion. Forbes also currently values the Orioles franchise at $1.713 billion, about 10 times more than the $173MM price point when it was purchased in 1993.

To this point, it’s unclear if Rubenstein actually has a chance of acquiring the club or if he would approach any of the aforementioned issues differently. But if he were able to seal the deal and change the way the club operates, that would obviously be a franchise-altering development. It could also have ripple effects outside the O’s since they have an ongoing dispute with the Nationals over MASN and rights fees dating back to the Nats moving from Montreal to Washington in 2005. The Lerner family has been trying to sell the Nats in recent years but that MASN dispute has reportedly been a significant obstacle in doing so.

Yankees Notes: Soto, Judge, Yamamoto, Bullpen

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On the heels of last night’s blockbuster, Yankees general manager Brian Cashman met with reporters this afternoon. He discussed a handful of topics on where the front office will proceed.

Cashman acknowledged the team has yet to have any conversations with Juan Soto’s camp regarding a long-term extension (relayed by Chris Kirschner of the Athletic). The three-time All-Star is one year from free agency, projected by MLBTR contributor Matt Swartz for a $33MM salary. It seems all but a lock that Soto will choose to test free agency. He declined a $440MM offer from the Nationals during the summer of 2022 and certainly wouldn’t sign for less than that now that he’s within a year of the open market.

The GM conceded “it’s a possible short term situation” with Soto. That didn’t deter the Yankees from making their all-in push to install him into the 2024 lineup alongside Aaron Judge. Between Soto, Alex Verdugo and Trent Grisham, they’ve added a trio of outfielders to better balance a lineup that struggled mightily when Judge was on the injured list. The 2022 AL MVP was out between June 4 and July 28 after injuring his right big toe in a collision with the outfield wall at Dodger Stadium.

Judge played regularly from the time of his reinstatement through season’s end. While there wasn’t much doubt about his health status, Cashman confirmed today that the toe problem is fully behind him (via Bryan Hoch of MLB.com).

The Soto return was pitching heavy. Michael King headlined a group that also included Jhony Brito, Randy Vásquez and Double-A prospect Drew Thorpe. After parting with so much of their rotation depth to push that trade over the finish line, Cashman said the team will look to backfill on the pitching staff (passed along by The Athletic’s Brendan Kuty).

There’s no bigger pitching target than Yoshinobu Yamamoto. The NPB ace is scheduled to meet with MLB teams next week. The Yankees are among a handful of teams that are serious suitors for the 25-year-old righty. Mark Feinsand of MLB.com tweets that Yamamoto is the club’s priority at this point.

It seems the rotation is taking a bigger precedence than the bullpen. The Athletic reported last night that the Yankees were showing interest in free agent reliever Jordan Hicks. Feinsand downplays the club’s desire for a notable bullpen strike, however. While he confirms the Yankees like Hicks, he indicates a notable relief acquisition is more of a fallback possibility if Yamamoto signs elsewhere.

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