Pedro Martinez Is “Most Likely” Finished

3:35pm: Martinez sounded far from returning in an interview with Justo de la Cruz at the Domincan paper El Dia today (links in Spanish), saying he's very happy to be away from the stress and travel of a player's life, which is to say, "I'm realizing what it is to be a normal person." An expanded version of the interview in the Puerto Rican paper Primera Hora further lowered expectations of a return in 2011, as Martinez added, "It's most likely that I don't return to active baseball… but honestly I don't know if I'll definitively announce my retirement." ESPN Deportes' Enrique Rojas pegged Martinez's odds of returning at 30% in a tweet this morning, but in light of the pitcher's quotes even that seems optimistic. – Nick Collias

8:29am: The Phillies haven’t ruled out adding a third Cy Young Award winner to a rotation that already includes Cliff Lee and Roy Halladay. Philadelphia GM Ruben Amaro Jr. inquired about Pedro Martinez’s availability at last week's Winter Meetings, according to Christian Red of the New York Daily News. It’s unclear whether the Phils are seriously interested in the three-time Cy Young Award winner.

Martinez, now 39, said at David Ortiz’s celebrity golf tournament that he’s open to pitching in 2011. He missed the 2010 season, but didn’t rule out a return to the major leagues. Back in 2009, the right-hander joined the Phillies for part of the season and posted a 3.63 ERA with 7.5 K/9 and 1.6 BB/9 in 44 2/3 innings.

Phillies Sign Cliff Lee

The wait is over. In a surprising development that leaves two top American League teams empty-handed, Cliff Lee has signed a five-year, $120MM deal with the Phillies, the team announced today. The contract includes a $27.5MM vesting option for 2016 with a $12.5MM buyout, plus partial no-trade clause

MLB.com's T.R. Sullivan first reported the deal, ESPN.com's Jerry Crasnick reported on the terms and vesting option (on Twitter). Agent Darek Braunecker represents the left-hander.

After months of rumors that suggested he'd sign with the highest bidder, Lee turned down tens of millions in guaranteed money to sign in Philadelphia. Crasnick hears the Yankees offered a deal that guaranteed Lee $132MM over six years, plus a $16MM player option for a seventh year (Twitter link).  At $148MM guaranteed, that was the highest bid.  The Rangers offered $138MM over six years, and their proposal included a vesting option that could have brought the value of the deal to $161MM, according to Yahoo's Tim Brown (Twitter links).  That offer included huge deferrals, tweets SI's Jon Heyman.

Almost exactly a year after they traded Lee for Roy Halladay, the lefty is back in Philadelphia. Like Halladay, who signed an extension that delayed his free agency, Lee opted to play for the Phillies instead of looking for the biggest contract possible. The Phils could have a historically good rotation if Lee, Halladay, Roy Oswalt and Cole Hamels stay healthy.

Phillies GM Ruben Amaro Jr. proves once again that he has a knack for acquiring ace pitchers. He has traded for Lee, Halladay and Oswalt and signed Lee since becoming the team's GM after its 2008 World Series title.

Another Philadelphia pitcher, Joe Blanton, is on the trading block, according to ESPN.com's Jerry Crasnick (on Twitter). Amaro could deal Blanton, who earns $17MM through 2012, and/or left fielder Raul Ibanez, who will earn $11.5MM in 2011 before his contract expires.

The Rangers get the Phillies' 33rd overall pick, plus a supplementary first round selection in next year's draft, but they lose out on their primary offseason target. Though the Rangers have been linked to Zack Greinke and other possible trade targets, this is undeniably a blow for the team, which is in the midst of its first offseason under new ownership.

But it's the Yankees who might be the biggest losers of all. They miss out on a pitcher they coveted just days after the division rival Red Sox acquired Adrian Gonzalez and Carl Crawford. Now that Crawford and Jayson Werth have signed, the Yankees will try to convince Andy Pettitte to return and determine whether to make a run at Greinke.

Their projected rotation still includes Ivan Nova and Sergio Mitre, so it's fair to expect GM Brian Cashman to acquire an arm. The next best free agent starter available is Carl Pavano, but it would be a shock to see the Yankees express interest in him.

It appeared for most of the offseason that the Yankees or Rangers would sign Lee, but rumblings of a mystery team persisted until it became apparent that the Phillies were also bidding on the left-hander. The Red Sox, Nationals and Angels were among the other teams to show some interest in Lee.

Phillies fans are surely thrilled to have Lee back in Philadelphia, but the MLB Players Association won't necessarily like his decision to leave so much money on the table instead of setting a precedent for other pitchers. However, this offseason has seen two free agents (Werth and Crawford) sign nine-figure contracts, so players are doing well in general.

Lee becomes the sixth pitcher in baseball history to sign for more than $100MM. He signed for more than Kevin Brown, the first pitcher to sign a $100MM deal, but less than C.C. Sabathia, Johan Santana, Barry Zito or Mike Hampton. Bargain or not, Lee's new contract is the 23rd most lucrative in baseball history.

Olney On Pettitte, Rendon, Blanton, Hoffman

C.C. Sabathia can opt out of his contract with the Yankees after next season, but ESPN.com’s Buster Olney points out that the team could be proactive and ensure that the lefty stays in the Bronx. They could offer to add a couple years to his current deal in exchange for Sabathia’s right to opt out. Here’s the latest on another Yankee lefty and a few more rumblings from around the league:

  • For the first time this winter, a Yankees person spoke to Olney optimistically about the chances that Andy Pettitte returns in 2011.
  • One talent evaluator says he might take Rice third baseman Anthony Rendon ahead of Bryce Harper if both players were in the same draft. The Pirates select first overall next year and may be tempted by Rendon, the consensus top player available.
  • Multiple GMs confirmed to Olney that the Phillies will have to eat some of Joe Blanton’s salary if they decide to move him. The right-hander will earn $17MM over the course of the next two seasons.
  • Trevor Hoffman is still telling teams that he wants to be a closer. The all-time saves leader is coming off of a rough season, but he pitched better in the second half.

Odds & Ends: Counsell, Ibanez, Johnson, Sheffield

Exactly one year ago, the Angels signed Hideki Matsui. Today, the slugger finalized his one-year agreement with the A's. Here are today's links…

Red Sox Notes: Soriano, Crain, Guerrier, Cameron

The AL East is a busy division these days. The Yankees have to finalize their rotation, the Rays have to reconstruct their 'pen and the Orioles are acquiring players in bunches. The Red Sox have added two star players to their lineup, but they're still contemplating more moves. Here's the latest:

Cliff Lee Signing: The Fallout

Cliff Lee's unexpected five-year, $120MM deal with the Phillies has repercussions for several teams. 

Rangers

Yankees

  •  From Joel Sherman of the New York Post: "One Yankees executive likened what they now face as losing out on Microsoft stock and instead having to diversify the portfolio to keep it strong."  The Yanks have added Russell Martin and will probably look into innings-eaters or reclamation project starters.  They're also expected to add two relievers and a righty-hitting fourth outfielder.  So, they'll spread the wealth.
  • GM Brian Cashman preached that "Plan B is patience."  He feels that prices will go up with teams, and I assume agents, sensing blood in the water.  He's also willing to wait until the season to make an acquisition.
  • Cashman says Lee's decision "doesn't affect" Andy Pettitte, who remains undecided but is feeling the pull of retirement a little stronger than normal.
  • Cashman talked about the failed Lee trade from July and said he's grateful it didn't happen.  At this point, he says "It would be a rare situation for me to include Montero in a deal."

Phillies

They'll look to move Joe Blanton before Opening Day; CSNPhilly's Jim Salisbury tweets that there is no rush.  Nonetheless, we've already looked at potential trade partners.  Blanton's agent Casey Close expects a trade.

Other Teams

Possible Fits For Joe Blanton

The Phillies seem likely to trade Joe Blanton in hopes of clearing some payroll in the wake of their Cliff Lee signing.  The 30-year-old righty is owed $8.5MM in each of the next two seasons.  Though he probably deserved better than his 4.82 ERA in 2010, the Phils may have to assume some salary to move him.  My speculation on potential fits:

  • Brewers, Nationals, Twins - Blanton could be a nice alternative for a team that doesn't want to go to three years on Carl Pavano.  He may be best suited remaining in the National League, though that would limit the market significantly.
  • Rangers, Yankees – It would be a bitter pill to swallow, acquiring Blanton from the Phillies after losing Cliff Lee to them.
  • Mariners, Orioles - Not sure whether they're interested in adding bulk innings.
  • Royals – They were in on Kevin Millwood at one point, so a look at Blanton makes sense.
  • Athletics – They brought Brandon McCarthy aboard, but may be looking for someone more reliable after their Hisashi Iwakuma bid didn't work out.  Blanton, of course, spent the first half of his career in Oakland.

Phillies, Red Sox Discussed Joe Blanton

7:54am: No agreement has been finalized, reports WEEI's Rob Bradford.  A deal is unlikely, tweets ESPN's Gordon Edes.  The talks were never serious, reports Scott Lauber of the Boston Herald.

7:35am: Word is that the Phillies have a Blanton deal in place with the Red Sox, tweets SI's Jon Heyman.  As one MLBTR commenter noted below, Boston's goal might have been to help facilitate Lee signing with a National League club.  The Red Sox could always flip Blanton in the coming months, taking that burden off the Phillies.

7:14am: The Phillies were deep in discussions yesterday about sending Joe Blanton to the Red Sox, tweets Ken Rosenthal of FOX Sports.  Moving some of the $17MM owed to Blanton seems to be a priority for the Phillies now that they've added Cliff Lee's huge salary to the payroll.

The Red Sox would be a surprising match for Blanton, as they've already got John Lackey, Jon Lester, Clay Buchholz, Daisuke Matsuzaka, and Josh Beckett penciled into the rotation with Tim Wakefield under contract as well.  Some teams have inquired on Matsuzaka, but Blanton wasn't great in his last American League stint and might not be an upgrade.

Cliff Lee Signing: What We Learned

It's safe to say that prior to yesterday, not many people were predicting Cliff Lee would sign a five-year deal with the Phillies.  The Yankees essentially offered Lee $148MM over seven years, so he turned down two more years and an extra $28MM in guaranteed money.  Here's what we learned:

  • It's unfair to make assumptions about a player's priorities.  There was a lot of talk about how Lee's number one goal was the biggest possible contract.  We also heard about how the Rangers had the advantage of playing near Lee's Arkansas home.  Now it appears the player's comfort with a previous team trumped all else, but we'll wait until Lee explains his choice at the press conference.
  • Players can leave big money on the table.  Before Lee, the best recent example of a player signing a far below-market contract was Roy Halladay's three-year, $60MM extension with the Phillies.  It's rarer in free agency, but Mark Teixeira reportedly turned down the best offer two years ago.  This winter, Jorge de la Rosa, Jake Westbrook, Hiroki Kuroda, and Jon Garland are a few examples of players who probably could have gotten more money elsewhere.
  • Teams can change their minds.  The Phillies traded Lee to Seattle a year ago in part because they reportedly didn't think they could afford to extend him.  Something changed since then - perhaps Jayson Werth's agent?  We also should note that a player being unexpectedly traded doesn't mean he'll hold a grudge.
  • The Yankees can miss out on a targeted free agent.  If a free agent seeks top dollar and the Yankees want him, they'll probably win the bidding.  But a player can turn down the biggest offer and still be set for life, as Lee is. 
  • Every offseason has big surprises.  A couple of years ago I couldn't believe John Smoltz and Trevor Hoffman signed with new teams.  This year there were at least rumblings that the Red Sox could get Carl Crawford and the Nationals liked Jayson Werth.  But the Phillies were not seen as legitimate contenders for Lee, nor was their interest telegraphed prior to yesterday.  Mystery teams can be real and even succeed in signing a top free agent.  In reality, plenty of teams operate entirely under the radar without leaks to the media.
  • You can never have too much pitching.  Front-end starting pitching is exceedingly rare.  Unless C.C. Sabathia opts out, there will be no free agent aces available after the 2011 season.  The availability of an ace prompts teams to move parts around to make it work, and sometimes put more money toward the rotation even when the offense needs help.  The Royals should trade Zack Greinke for nothing less than a king's ransom.

Odds & Ends: Pavano, Red Sox, McCarthy, Lawrie

More links for Monday night, as we wonder when and where Cliff Lee will sign…

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