The Padres, Dodgers and Giants are all interested in free-agent left-hander Blake Snell, reports Jon Heyman of The New York Post in a discussion with Lauren Shehadi of MLB Network (video courtesy of MLB Network on X).
Snell, 31 next month, is fairly unique and will likely have wide variances in how he’s valued by clubs. On the positive side, he just finished 2023 with a 2.25 earned run average over his 32 starts. His 31.5% strikeout rate was second among qualified hurlers, trailing only Spencer Strider. He has a decent shot at winning a Cy Young award tonight, which would be the second of his career after winning it with the Rays in 2018.
But Snell has somehow managed to accomplish all of that despite giving out many free passes. He has walked 10.9% of batters faced in his career and that figure was cranked up to 13.3% in 2023. For context, the major league average in the most recent season was 8.6%. The strikeouts surely helped him prevent many of those runners from scoring, but so did a strong 44.4% ground ball rate. But maintaining his .256 batting average on balls in play and 86.7% strand rate would be hard to do over an extended timeline, which is why his 3.44 FIP and 4.06 SIERA suggest his ERA was perhaps flattering him by more than a full run.
He’s also not exactly a workhorse, partly due to some injuries in his career but also due to those walks preventing him from pitching deep into games. He tossed 180 2/3 innings in 2018 and a flat 180 in 2023, with those two seasons being his highest such tallies. Each other season of his career has seen him come in under 130 frames.
Despite some concerning elements in his profile, free agents with multiple Cy Young trophies don’t grow on trees and Snell could be just that in a few hours’ time. Earlier this month, MLBTR’s list of the Top 50 Free Agents predicted Snell could get a contract of seven years and $200MM. That’s based on the fact that pitchers with the potential for dominance can still get paid, even if it’s not a volume proposition. Carlos Rodón got six years and $162MM with a longer injury track record than Snell and never once getting to the 180-inning mark.
That will likely limit Snell’s market to the clubs with deeper pockets, but it sounds like he is still plenty popular. A return to the Padres would make plenty of sense from a strict baseball perspective. The club obviously likes him since they acquired him three years ago, giving up four prospects in the process. The club also has significant rotation needs, with Snell’s free agency coinciding with that of Michael Wacha, Seth Lugo and Nick Martinez. That leaves the Friars with Joe Musgrove and Yu Darvish as the only locks for their 2024 rotation.
The financial fit would be a little harder to see, however. The club is reportedly set to cut payroll significantly for next year, going from the $250MM range to the $200MM range. Roster Resource currently pegs their payroll for next year at $198MM, leaving very little wiggle room. The club is reportedly shopping reliever Scott Barlow and has at least some openness to Juan Soto trades, but the budget is obviously tight. Moving Soto for major league-ready pieces and then signing Snell with the money saved would be one way to compete again in 2024, but there would be plenty of risk in that path.
Like the Padres, the Dodgers have a reduced starting staff. Julio Urías, Clayton Kershaw and Lance Lynn are all now free agents. It’s unclear what the future holds for Urías given an ongoing domestic violence investigation, which could lead to his second such suspension of his career. Kershaw recently underwent shoulder surgery and has an uncertain path forward, perhaps having to miss the first half of 2024. Lynn’s home run troubles were pronounced enough that the Dodgers probably don’t want him back. Among guys still on the roster, Dustin May and Tony Gonsolin are both recovering from surgery and may miss all of 2024.
That leaves them with Walker Buehler, who missed all of 2023 due to his own surgery rehab, and then a batch of guys who were rookies coming into 2023: Bobby Miller, Ryan Pepiot, Michael Grove, Emmet Sheehan and Gavin Stone. There’s also Nick Frasso and Landon Knack, who were just added to the roster yesterday, but adding some proven MLB arms into the mix is a sensible path forward. Heyman lists them as one of many clubs that are looking for multiple starters this winter.
Their payroll situation is far more pleasant than that of the Padres, as Roster Resource has them at just $142MM right now, along with a CBT number of $159MM. Non-tendering Ryan Yarbrough and Yency Almonte would cut both of those figures by over $5MM. It’s unknown how high they want to take the budget in 2024 but they’ve been as high as $280MM in the past, per Cot’s Baseball Contracts. Even if they want to stay under the luxury tax in 2024, the base threshold is $237MM next year, meaning they have around $80MM in wiggle room.
However, they may end up using a big chunk of that on Shohei Ohtani, with many observers considering them the most likely landing spot for the two-way superstar. Signing a player like Snell would also go against their track record. Despite their big payrolls, they haven’t really spent wildly on long-term deals for pitchers. In the past decade, they gave an eight-year deal to Kenta Maeda, but with a minimal guarantee of just $25MM. Since the Zack Greinke signing way back in 2012, they haven’t given a free agent pitcher more than $50MM.
The Giants also have some money to spend and seem motivated to make a big splash. Roster Resource has their 2024 payroll at $147MM and their CBT calculation at $170MM. They’ve topped out at $200MM in past seasons, per Cot’s, but might be willing to push farther this winter. Recent attempts to land star players have fallen short, with the club just missing on guys like Bryce Harper, Aaron Judge and Carlos Correa. It is expected that they will be motivated to get something splashy done this time around and could be quite aggressive in trying to do so.
President of baseball operations Farhan Zaidi already spoke about the club’s plans for adding to the rotation, which makes sense given the question marks behind Logan Webb, and Heyman says they are also one of the clubs looking for multiple starting this winter. They picked up their option on Alex Cobb for 2024 but he will be coming back from hip surgery. Anthony DeSclafani and Ross Stripling will each be coming off of disappointing seasons in 2023 while guys like Kyle Harrison and Keaton Winn are fairly unproven.
Broadly speaking, the demand for starting pitching is high, with Heyman reporting that there are eight teams looking to add multiple pitchers this winter. Not all of them will have the money and/or the appetite for Snell but it seems like general the market conditions could be working in his favor.
