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Blake Snell

Giants Sign Blake Snell

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The Giants have made another Spring Training strike. San Francisco has officially announced the signing of Blake Snell on a two-year, $62MM contract that allows him to opt out after the upcoming season. The Boras Corporation client will receive a $15MM salary in 2024 and has a $17MM signing bonus that will not be paid until January 2026. Snell will receive the bonus even if he opts out, so that decision essentially amounts to a $30MM player option for the ’25 season. If Snell does not opt out, half of his salary for the second season would be deferred until 2027.

San Francisco adds the defending NL Cy Young winner to the top of a staff that also includes last year’s runner-up, Logan Webb. A two-year deal certainly isn’t what Snell had in mind at the beginning of the winter. The 31-year-old hit free agency coming off an otherworldly finish to the 2023 campaign. Snell’s platform season actually started shakily, as he allowed 15 runs over his first 23 frames. From the start of May onward, he was the best pitcher in the majors. Snell allowed only 1.78 earned runs per nine through 27 starts and 157 innings after April.

Despite the tough first month, the southpaw finished the year with an MLB-best 2.25 ERA across 180 frames. He punched out 31.5% of opposing hitters, a mark surpassed by only Spencer Strider and Tyler Glasnow among pitchers with at least 100 innings. No other starter missed more bats on a per-swing basis. Opponents made contact on just 64.2% of their swings against Snell, narrowly better than Strider’s 64.3% figure for the lowest rate in the majors.

As a result, Snell cruised to the second Cy Young of his career. He received 28 of 30 first-place votes. He’d won the American League Cy Young as a member of the Rays five seasons earlier behind an AL-leading 1.89 ERA over 31 starts. He joined Max Scherzer, Clayton Kershaw, Justin Verlander and Jacob deGrom as active pitchers with multiple Cy Young wins.

The 2018 and ’23 seasons are, rather remarkably, the only seasons in which Snell has appeared on Cy Young ballots. That points to some amount of inconsistency over the course of his career, which is mostly attributable to scattershot control. Snell has walked nearly 11% of batters faced over his seven-plus big league seasons. Last season’s 13.3% walk percentage was the highest rate of his career. Snell led the majors with 99 free passes, the first pitcher to do so in a Cy Young-winning campaign in more than 60 years.

Snell has never been a bad pitcher, but the inconsistent strike-throwing has kept him from turning in ace production on an annual basis. He posted an ERA ranging from 3.24 to 4.29 in the four seasons between his award-winning campaigns. While Snell fanned over 30% of opposing hitters every year, working deep counts kept him from logging massive workloads. He has averaged a little less than 5 1/3 innings per start over the course of his career. He reached the 180-inning mark in each of his Cy Young campaigns but didn’t surpass 130 frames in any other season.

It seems the market didn’t value Snell as a clear-cut ace despite the strength of his platform year. The only other publicly reported offer which he received was a six-year, $150MM proposal from the Yankees back in January. When Snell didn’t accept, New York inked Marcus Stroman to a two-year deal. USA Today’s Bob Nightengale tweets that the Yankees took their offer off the table last month and declined to reengage over the weekend.

Given that Snell ultimately settled for a two-year guarantee at a marginally higher annual rate, there’s a strong argument that his camp erred in not accepting New York’s offer. At the very least, he’s taking more risk in going with a short-term pact for the chance to retest the market next winter. Still, it’s not all that surprising he didn’t jump on a $150MM guarantee.

That’s well below the seven-year, $172MM deal which Aaron Nola secured from the Phillies earlier this offseason. It’s also shy of the six-year, $162MM pact that Carlos Rodón landed from New York a year ago. Snell and Rodón are broadly similar pitchers — power lefties with questions about their ability to consistently log huge innings totals — but the former was coming off a better year than Rodón posted in 2022.

It’s possible Snell received similar or better offers from other teams that went unreported. In any case, he clearly didn’t find the kind of long-term pact that he envisioned. That seemed increasingly unlikely the longer he remained unsigned. The incumbent Padres were never a factor as they sliced payroll this winter. Teams like the Mets and Red Sox jumped out of the market fairly quickly. As the offseason dragged along, more teams downplayed the possibility of making a top-of-the-market splash. Beyond the Yankees, Snell reportedly drew interest from the Angels. The Astros were a late entrant last week before balking at an annual commitment above $30MM.

Snell joins fellow Boras Corporation clients Cody Bellinger and Matt Chapman in settling for guarantees well below what most people expected entering the offseason. They’ll all have the ability to retest free agency next winter. Bellinger and Chapman inked three-year deals with opt-outs after 2024 and ’25. Jordan Montgomery, the last unsigned member of the so-called “Boras four,” has reportedly continued to hold out in search of a long-term deal. With a week and a half until Opening Day, it remains to be seen if he’ll be able to find anything close to that.

It’s yet another huge free agent strike for the Giants, who have attacked the late stages of free agency with a vengeance. After a few offseasons of missing out on their top targets, San Francisco has successfully slow-played this year’s market. Since the beginning of Spring Training, they’ve added Jorge Soler, Chapman and Snell. Soler’s three-year, $42MM deal was around pre-offseason expectations. The latter two contracts were well below what the Giants could’ve envisioned in November.

Snell puts the finishing touch on a winter that also saw San Francisco shell out $113MM for KBO star Jung Hoo Lee and $44MM for reliever turned starter Jordan Hicks. The Giants also pulled off a major trade with the Mariners that sent Mitch Haniger and Anthony DeSclafani to Seattle for rehabbing starter Robbie Ray. The 2021 AL Cy Young winner won’t be a factor until around the All-Star Break, but he could eventually add another high-ceiling arm to the rotation.

It’s still a potentially top-heavy group, but there’s now a ton of upside. Snell and Webb should form an excellent 1-2 punch. Top prospect Kyle Harrison will occupy the #3 role. Giving Hicks a starting job despite his injury history and below-average control is a gamble, but his power arsenal at least makes that an intriguing flier. Veteran righty Alex Cobb could be back from last fall’s hip surgery by May. Prospects Keaton Winn and Mason Black are back-of-the-rotation depth options early in the year.

Snell’s late signing date could have him a bit behind schedule. He has been throwing and reportedly tossed four simulated innings in front of scouts last week. There’s not a ton of time to build rapport with catcher Patrick Bailey before Opening Day, but that shouldn’t be an issue too deep into the season. Snell is at least plenty familiar with manager Bob Melvin, his skipper for the last two years with the Padres.

San Francisco’s late-offseason aggressiveness has pushed them into luxury tax territory for the first time since 2017. While the delayed payment of the signing bonus reduces the team’s commitment in the short term, the $31MM average annual value is the relevant number for tax purposes. RosterResource calculates the club’s competitive balance tax number right around the $257MM line that marks the second tier of penalization. For teams that didn’t pay the tax the preceding season, the fees are fairly modest. In contrast to the Yankees (who would’ve been taxed at a 110% rate as a third-time payor that is in the top bracket), the Giants are only hit with a 20% fee on spending between $237MM and $257MM.

The Snell deal comes with a roughly $4MM tax bill. They’ll be taxed at a 32% clip for future spending up to the $277MM mark with escalating fees thereafter. While it’s likely this marks their last major investment of the winter, they’re surely hopeful of being in a position to add at the trade deadline.

Snell declined a qualifying offer from the Padres. The Giants already forfeited their second-round pick and $500K of international bonus pool space to add Chapman. They’ll lose their third-rounder (#87 overall) and another $500K from their international bonus pool for Snell. San Diego paid the CBT a year ago, so they’re limited to the lowest compensation for losing a qualified free agent: a selection after the fourth round. The Padres received the #135 pick for losing Josh Hader and will now get another selection in that range.

Paying the CBT and parting with draft capital are costs the Giants are happy to pay to get Chapman and Snell on short-term deals. San Francisco was comfortable with similar contract structures for Rodón and Michael Conforto in previous offseasons. Both players could walk next offseason for nothing — they’re ineligible to receive another qualifying offer in their careers — but that’s a risk worth taking to continue loading up in a division full of star talent with four legitimate threats to make the playoffs.

Jon Heyman of the New York Post first reported Snell and the Giants agreed to a two-year, $62MM deal with an opt-out. Susan Slusser of the San Francisco Chronicle reported the signing bonus and salary breakdown.

Image courtesy of USA Today Sports.

Astros Reportedly “Long-Shots” To Land Blake Snell

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The Astros have been the buzz of the baseball world this weekend following reporting that indicated the club was in “serious pursuit” of the top remaining free agent, reigning NL Cy Young award winner Blake Snell. Reporting from USA Today’s Bob Nightengale earlier today indicates that the club may be a “long-shot” to ultimately land the southpaw, however. Nightengale reports that the club has “balked” at the asking price from Snell’s camp, which he adds stands at a $60MM guarantee over two years that includes an opt-out following the 2024 season. Houston, Nightengale adds, is conscious of being pushed over an additional luxury tax threshold by a Snell deal with an AAV in the $30MM range. Nightengale goes on to suggest that the Giants currently appear to be the favorites for Snell’s services, though he makes clear that San Francisco has been waiting for Snell’s price to drop even as they’ve remained engaged with the southpaw.

It’s not necessarily a surprise that the Astros would be worried about stomaching a $30MM annual commitment for Snell’s services. The club is already in unprecedented territory with regards to its player payroll; Cot’s Baseball Contracts notes that Houston has never entered a season with a projected payroll above their $187MM figure from the 2021 season, but RosterResource projects the club to blow that figure out of the water this year with a whopping $240MM payroll entering the 2024 campaign. That figure reaches nearly $256MM for luxury tax purposes, just over $1MM shy of the second, $257MM tax threshold.

Virtually any addition to the club’s payroll at any point this season would push them past that level, but a more significant addition such as Snell would leave the club at risk of going over the third threshold, which stands at $277MM for the 2024 season. While the first two brackets of the luxury tax come with only financial considerations, the penalties get stiffer when a clubs surpasses the third threshold. Those penalties most notably include the club’s highest pick in the following year’s draft being pushed back ten places, which is further compounded by an associated cut to the club’s bonus pool for signing their draft picks that year. Given the elevated costs involved with a pursuit of Snell, it was hardly surprising when GM Dana Brown suggested that the club wasn’t interested in pursuing additional starting pitching this spring, even name-dropping Snell specifically as a player the club would “love to have” but didn’t expect to sign.

Of course, it’s hard to overstate just how impactful Snell could be for the Astros rotation even in spite of those ancillary concerns. Right-handers Lance McCullers Jr. and Luis García Jr. are both set to open the season on the injured list and miss considerable time this season. They’ll also be joined at least for the early days of the campaign by veteran ace Justin Verlander, whose start to the season has been delayed soreness in his right shoulder. Those injuries leave the club’s rotation depth in an tough spot entering the season, and a recent injury scare regarding Jose Urquidy has only exacerbated those concerns. KRPC2’s Ari Alexander reported recently that Urquidy has been dealing with “forearm stiffness” per a source, while manager Joe Espada told reporters yesterday that the right-hander has flown back to Houston from the club’s spring complex in Florida to meet with team doctors.

Losing Urquidy could leave the club to rely on depth options such as Hunter Brown, J.P. France, and Ronel Blanco behind a front-of-the-rotation duo featuring Framber Valdez and Cristian Javier, at least for the start of the season. Adding Snell to that mix would not only give the club much-needed additional pitching depth early in the season, but would also add an impactful, playoff-caliber arm to a rotation that saw each of Verlander, Valdez, and Javier take steps back in 2023 from the 2022 form that saw the group stand among the very best starting trios in baseball that year. While Snell certainly has flashed inconsistencies of his own throughout his career, posting a relatively pedestrian 3.85 ERA and 3.44 FIP from 2019 to 2022, he’s nonetheless ranged from a dependable mid-rotation arm to an elite, front-of-the-rotation flamethrower throughout his eight years in the majors and would be a surefire upgrade to an Astros club looking to make an eighth consecutive postseason appearance this fall.

On the other hand, Snell would provide all those same benefits to the Giants. San Francisco has had a busy offseason, bringing in Bob Melvin to replace Gabe Kapler in the managers’ chair while adding the likes of Matt Chapman, Jorge Soler, Jung Hoo Lee, and Jordan Hicks in free agency. With that being said, the club has done little to address a rotation mix that delivered the least innings among all major league clubs last year. Hicks has moved from the bullpen into the rotation since joining San Francisco, and the club could also receive a boost from trade acquisition Robbie Ray midseason upon his return from Tommy John surgery sometimes this summer. With Ray, Alex Cobb, and Tristan Beck all set to open the season on the injured list, however, it leaves the club with minimal certainty in the rotation behind staff ace Logan Webb.

Given how much the club would benefit from another front-of-the-rotation arm to pair with Webb, it’s not a surprise that the Giants continue to be involved in Snell’s market. Despite comments from club chairman Greg Johnson back in February that suggested the club planned to rely on young rotation arms such as Kyle Harrison and Keaton Winn entering the 2024 season, reporting has indicated that San Francisco has remained in the mix for Snell in recent weeks, though the club has signaled that it did not anticipate further major additions after signing Chapman earlier this month.

While it’s unclear how far Snell’s price would have to fall for San Francisco to pounce, the club’s books figure to have far more flexibility than those in Houston. RosterResource projects the club for a payroll of just $177MM entering the 2024 season, likely leaving ample room for the club to fit Snell into the budget. While the club’s luxury tax payroll stands at a somewhat higher $226MM figure, even an AAV approaching Snell’s reported $30MM asking price would leave the club just a touch under the second luxury tax threshold.

Astros In “Serious Pursuit” Of Blake Snell

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The Astros are facing various questions around the health of their rotation and are now in “serious pursuit” of Blake Snell, according to a report from Ken Rosenthal and Chandler Rome of The Athletic.

At this point, it’s unclear if any kind of deal is close but it’s a noteworthy development and resembles an earlier situation for the Astros. Back in January, their bullpen took a hit when Kendall Graveman required season-ending shoulder surgery. Astros general manager Dana Brown initially downplayed the club’s desire to go out and sign free agents to address the problem but the club signed closer Josh Hader a few days later.

In the intervening two months, a lot has changed with the rotation. The Astros already knew that Lance McCullers Jr. and Luis García Jr. were going to be starting the year on the injured list, as both underwent elbow surgeries last summer, but this spring has seen a couple more dominos fall. Justin Verlander has been slowed by some right shoulder soreness which doesn’t seem terribly serious but it delayed him enough that he’ll start the season on the injured list. Earlier today, José Urquidy departed his start early due to some pain in his right elbow.

If Urquidy needs to miss time, then the Opening Day rotation would project to include Framber Valdez, Cristian Javier and Hunter Brown in the front three spots. J.P. France was also slowed by a shoulder issue this spring but seems to perhaps be on track to take over a spot at the back end. That would still leave one rotation spot open and Houston is a bit thin in terms of options to step in there.

Ronel Blanco has just 58 1/3 innings of major league work on his ledger and was only recently moved from being a primary reliever to more of a swing role. Brandon Bielak has a 4.54 ERA in his 174 1/3 innings but with uninspiring peripherals, including an 18.9% strikeout rate and 10.1% walk rate. Shawn Dubin has just nine innings of major league experience.

It seems the club is considering a notable strike in free agency to get out of this injury hole, similar to their move to grab Hader after Graveman went down. Brown again downplayed the club’s desire to add pitching, including Snell, though that was before Urquidy’s injury surfaced.

Some may question whether Snell is ready to help a club like the Astros since he hasn’t been pitching in official spring games and Opening Day is less than two weeks away. Jon Heyman of the New York Post reports that Snell recently threw 60 pitches over four simulated innings to try to get ready outside of official Spring Training contests. Mark Feinsand of MLB.com relays the same info, adding that scouts from the Giants and Astros were in attendance.

Snell has lingered on the open market far longer than anyone anticipated coming off a Cy Young season. He turned in a 2.25 ERA over 180 innings with San Diego a year ago. He surely envisioned a long-term pact at the start of the offseason, but a deal to his liking has obviously yet to materialize. At this point, it looks as if he’ll follow in the path of Cody Bellinger and Matt Chapman and turn to a short-term guarantee with opt-outs. Rosenthal and Rome report that he is believed to be seeking a three-year guarantee with a $30-32MM annual salary that would allow him to test free agency after each of the next two seasons.

The cost for the Astros would go beyond whatever it takes to get Snell to sign. They’re into luxury tax territory. RosterResource calculates their 2024 CBT number around $256MM. A contract anywhere near Snell’s expected price would vault them beyond the $257MM second penalization and the third threshold at $277MM.

Houston did not exceed the competitive balance tax a year ago, however. Unlike some other reported Snell suitors (most notably, the Yankees), the Astros are not facing exorbitant fees as repeat payors. They’d be responsible for a 20% tax on their next $1.3MM in spending, followed by a 32% tax on the following $20MM ($6.4MM) and a 62.5% hit on the ensuing $20MM. Signing Snell to a contract with a $32MM average annual value would come with an approximate $13.3MM tax bill for this year.

A Snell signing would also deal a small but not completely insignificant hit to the farm system because he rejected a qualifying offer from the Padres. The Astros forfeited their second-round pick (#64 overall) in the upcoming draft and relinquished $500K of international signing bonus space to sign Hader. They’d need to surrender another $500K from the international pool and their third-round pick (#102) for Snell. Meanwhile, pushing past the $277MM luxury threshold — which would be all but assured for a Snell signing — would move back Houston’s first-round pick in the 2025 draft by 10 spots.

Jose Urquidy Being Evaluated For Elbow Injury; Astros Remain In Market For Starting Pitching

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Astros right-hander Jose Urquidy pulled himself from a minor league game after 43 pitches due to pain in his right elbow, manager Joe Espada told reporters (X link via Matt Kawahara of the Houston Chronicle). He’d been scheduled to throw around 60 pitches.

It’s a concerning development for a Houston club that will see Justin Verlander open the season on the injured list and knows it’ll be without Lance McCullers Jr. and Luis Garcia for the early portion of the 2024 campaign as well. Prior to this news, it looked as though Urquidy would join Framber Valdez, Cristian Javier, Hunter Brown and J.P. France in the Astros’ Opening Day rotation. That’s no sure thing now.

Urquidy, 28, missed more than three months of the 2023 campaign with a shoulder injury, which only makes further arm troubles all the more ominous. He pitched to a career-worst 5.29 ERA when healthy enough to take the mound, with the second-lowest strikeout rate (16.4%) and the highest walk rate (9.1%) he’s turned in during any big league season.

Prior to last year’s rough showing, Urquidy was a steady and arguably underrated member of the Houston staff. From 2019-22, he pitched 342 innings of 3.74 ERA ball with a below-average 20.3% strikeout rate but an excellent 5.2% walk rate. Durability has been an issue for the right-hander, but he’s been effective more often than not when he’s taken the ball.

The mounting number of injuries on the Houston staff could potentially spur the team to action. General manager Dana Brown said not even two weeks ago that he wasn’t in the market for more starting pitching … only to suggest the opposite to Chandler Rome of the Houston Chronicle this week. Rome, citing a multiple anonymous sources, reported that the ’Stros are indeed still in the market for arms. Brown spoke in generalities when asked about Blake Snell, telling Rome: “As long as Snell is on the market, we check in to ask what is the latest. Nothing new as of now.”

It’s telling that those comments came even before today’s potential injury to Urquidy. Presumably, if there’s real concern that Urquidy might miss some time, that would only hasten the team’s desire to add to the rotation, whether in the form of Snell, Jordan Montgomery, Michael Lorenzen, Mike Clevinger or any of the other arms the free agent or trade market may have to offer. Crane did act aggressively and decisively when the Astros found out they’d lost setup man Kendall Graveman for the season, surprising many onlookers by signing Josh Hader to a five-year, $95MM contract.

Snell, of course, would be the costliest free agent on the market in terms of financial outlay and future considerations. Because he rejected a qualifying offer, Snell would cost the Astros their second-highest draft pick and $500K of space from next year’s international free agent bonus pool. Since they already punted a second-round pick to sign Hader, however, that’d “only” be a third-round pick.

Since the Astros are already at a projected $255.7MM of luxury obligations (per RosterResource), signing Snell would push that figure past the $257MM second-tier threshold and past the third-tier $277MM threshold. That $277MM line is of particular note, as crossing that barrier drops a team’s top pick in the following year’s draft by 10 places.

Any additional players signed by the Astros would be subject to penalty under the luxury tax, although because Houston didn’t pay the tax last year, they’re considered a first-time offender. That subjects them to much lesser fees than third-time offenders like the Yankees, Dodgers, Mets, etc. Houston would owe a 20% tax on the next $1.3MM spent, followed by a 32% tax on the next $20MM and a 62.5% tax on the next $20MM. That tax would be based on the annual value of the contract.

A $30MM AAV on a Snell deal, for instance, would cost the Astros around $12.1MM in luxury taxes. That’s a steep price, but it’s nowhere near the 110% tax rate the Yankees, Phillies, Dodgers and others would face. Whether that makes it palatable enough for owner Jim Crane to further add to what’s already a franchise-record payroll by a wide margin remains to be seen.

Angels, Mets Remain Engaged With J.D. Martinez

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Regular season baseball is just over the horizon but many free agents remain unsigned. Two of the most notable of those free agents are left-hander Blake Snell and designated hitter J.D. Martinez, both of whom are represented by the Boras Corporation. The Halos were connected to both of those players back in December and Jon Heyman of The New York Post reports that the Halos are still talking about both of them. In a separate column, Heyman adds that the Mets also remain involved with Martinez, to whom they were connected last month.

It’s unclear if the Angels are making a serious push for a late signing or merely keeping tabs as the players linger on the open market into the middle of March, but they are one of the few clubs that make for a logical fit for a notable deal at this point. Many teams around the league have exhausted their respective budgets by this stage of the calendar, with some of them having concerns around luxury tax payments or uncertainty around TV revenue streams.

But the Angels are below their previous levels of spending, both in terms of pure payroll expenditures and competitive balance tax calculations. RosterResource currently lists their payroll at $174MM and their CBT number at $189MM for 2024. Per Cot’s Baseball Contracts, the Halos had an Opening Day payroll of $212MM last year, $38MM above where they are now. The base threshold of the CBT is $237MM this year, which gives the club $48MM of space if they want to stay below the tax, which is a line they hovered around last year.

Owner Arte Moreno has previously stated that the club is planning on operating with a lower payroll this year, but without specifics about exactly where they want to end up. Given the gaps between last year’s spending and this year’s, it’s possible to envision another signing coming together while still fulfilling his plan of reduced overall expenditures.

Many observers wondered if the club would look to mount a rebuild in the post-Shohei Ohtani era, but general manager Perry Minasian firmly stated at the start of the offseason that the club would not be doing that and was actually planning an aggressive offseason.

Thus far, the club has directed most of its efforts to the bullpen, signing Robert Stephenson, Matt Moore, Luis García, Adam Cimber and José Cisnero. On the position player side, their most notable addition was signing Aaron Hicks, who they will only have to pay the league minimum since the Yankees are still on the hook for his contract. Their most significant rotation addition was a $1MM signing of Zach Plesac, who has already been optioned to the minors.

Adding Martinez would be a clear upgrade to the club’s lineup, as he has a long track record of effective hitting and is coming off a 33-home run campaign with the Dodgers. The roster fit is a little awkward since Martinez is primarily a DH at this point, having only played 12 innings in the field over the last two years combined. The Angels technically have an open DH spot with Ohtani’s departure but may want to use that for their various aging or injury-prone players. Both Anthony Rendon and Mike Trout are the club’s two highest-paid players and each has missed significant time in the past few years as they have pushed into their 30s. Giving them occasional DH time and keeping them fresh might be preferable to locking up the DH spot with Martinez. Similar logic could apply to other players in their 30s like Brandon Drury or Hicks.

Previous reporting has suggested that Martinez turned down an offer of $14MM from the Giants while looking for either a two-year deal, a salary near $20MM or both. The Angels could accommodate that without reaching last year’s spending levels, though they would have to weigh the benefits of adding his bat to the lineup against the reduced ability to rest their other players, as well as the financial cost.

Snell would certainly cost more but it’s much easier to imagine him fitting onto the roster. The Halos have a rotation of Reid Detmers, Patrick Sandoval, Tyler Anderson, Griffin Canning and Chase Silseth. Everyone in that group can still be optioned apart from Anderson, while Silseth has just 81 major league innings under his belt. At this late stage in the offseason, Snell would likely have to miss the opening of the schedule anyway and injuries may have popped up by the time he’s fully stretched out. Even if he can’t be expected to repeat last year’s Cy Young-winning season that finished with a 2.25 ERA, he’s one of the best pitchers in the league and would upgrade any rotation.

The lefty reportedly turned down an offer of $150MM over six years from the Yankees, average annual value of $25MM, with Snell looking for either a salary in the $30MM range or a longer pact. MLBTR’s Contract Tracker shows that Anderson’s three-year, $39MM is the largest the Angels have given to a starting pitcher since 2012, both in terms of years and guaranteed dollars.

Despite that apparent distaste to giving lengthy free agent pacts to pitchers, it’s possible to imagine the two sides coming together. Snell is reportedly open to a shorter pact with higher AAVs and opt-outs, similar to those signed by fellow Boras clients Cody Bellinger and Matt Chapman. That type of deal is difficult for a club that has already spent a huge chunk of its budget or has tax bills to think about. The Yankees, for instance, would have to pay $33MM in taxes in order to give Snell a contract with a $30MM AAV this year. As mentioned above, the Halos have plenty of spending capacity before they even reach last year’s payroll or come close to the CBT line. Snell rejected a qualifying offer from the Padres so signing him would also cost the Angels their second-highest pick in this summer’s draft as well as $500K of their international bonus pool.

Until a deal comes together, the rotation will project to be that fivesome of Detmers, Sandoval, Anderson, Canning and Silseth. The club has been stretching out some other guys, such as Andrew Wantz and José Soriano, but they are apparently behind the front five. Manager Ron Washington tells Jeff Fletcher of the Orange County Register that Wantz and Soriano will stay stretched out for now but won’t earn a rotation spot unless there’s an injury to one of the other five guys.

As for the Mets, they have been connected to Martinez previously, but with the caveat that they were leaning towards giving at-bats to younger players like Brett Baty or Mark Vientos. Those two could split the third base job and the DH slot, with Joey Wendle perhaps filling in at third on defense from time to time while DJ Stewart could perhaps take some plate appearances as the DH.

Both of Baty and Vientos are optionable and could therefore be sent to the minors, but it makes sense that the Mets would want to give them some run at the big league level. Vientos has hit just .205/.255 /.354 in the majors but has slashed .290/.369/.554 at Triple-A over the last two years. Similarly, Baty has hit .210/.272/.325 in the big leagues but .311/.405/.554 in the minors over the past two years.

Since neither of them have much left to prove on the farm and the Mets are planning a sort of bridge year in 2024, there’s logic to letting them face big league pitchers to see if either takes a step forward. Signing Martinez would also come with a hefty financial cost, as the Mets are set to be third-time payors of the CBT and are above the fourth tier of penalization. That means they face a 110% tax on any money they add to their books. Giving Martinez $15MM for this year, just as an example, would also involve paying $16.5MM in taxes and a total expense of $31.5MM.

If the club is willing to consider such an expenditure, it would lengthen the lineup as they walk a tightrope in 2024. They mostly limited themselves to one-year deals this offseason as they look to field a competitive team but without sacrificing too much of their future flexibility. Signing Martinez could lengthen their lineup here in 2024 but would also come with the opportunity cost of having less playing time for guys like Baty and Vientos, as well as the aforementioned financial elements.

In addition to the Angels, Snell has continued to garner interest from other clubs, with the Giants connected to him earlier this month. The Yankees may revisit their talks with Snell if they get bad news regarding Gerrit Cole’s MRI, though recent reporting has suggested they may be more likely to trade for Dylan Cease due to his lower salary and tax hit. Martinez was recently connected to the Marlins, in addition to the talks with the Mets and Angels.

Yankees Notes: Judge, Cole, Rotation

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Yankees star Aaron Judge has been slowed a bit by some abdominal discomfort recently, with manager Aaron Boone telling reporters yesterday that the 2022 AL MVP is “mid-spring banged up” while downplaying concerns of a more serious injury. Judge revealed this morning that he underwent an MRI on his abdominal region yesterday to ascertain that there was no significant injury at play (X link via Bryan Hoch of MLB.com). That imaging came back clean. Judge says he won’t swing a bat until later this week but is hopeful he’ll be in the Opening Day lineup.

On the one hand, the fact that Judge has avoided any kind of serious injury is an obvious cause for relief. On the other, it’s hardly ideal that the season hasn’t even begun and he’s less than 100 percent. Judge specified that the discomfort he’s felt has been in the middle of his abdominal muscles — not his oblique region. That’s particularly notable given that Judge has had a pair of oblique strains in the past, including a Grade 2 strain in 2019 that cost him two months of the season.

“I think just from swinging from November all the way until now, every single day, it put some wear and tear on it,” said Judge (via Hoch). “Especially coming back after a [right] toe injury when your mechanics are a little messed up and you’re just working on some things.”

Judge, 32 in April, was once again excellent in 2023 — though a hip strain in late April cost him 10 days, while the sprained toe he referenced wound up shelving him for more than a month. In all, he played in 106 games — his fewest in a 162-game season since 2019 — and posting a brilliant .267/.406/.613 slash with 37 home runs in just 458 trips to the plate.

The Yankees are already awaiting MRI results on ace and reigning Cy Young winner Gerrit Cole. Coupling that with even minor concern about the team’s best all-around player makes for an uncomfortable few days for the club and its fans. The Yankees indicated yesterday that Cole is expected to receive multiple opinions on his MRI results. An announcement today is not necessarily a given. SNY’s Andy Martino wrote yesterday that club officials have characterized the Cole MRI as “precautionary” and downplayed concern over a potential long-term injury. Time will tell whether that proves to be the case.

In the wake of the Cole news, there’s been a renewed focus on the Yankees’ rotation depth and ample speculation on contingency plans. The remaining pair of high-profile Scott Boras clients — Blake Snell and Jordan Montgomery — have been at the forefront of that speculation. Martino reported in his piece that the Yankees haven’t yet circled back to Snell since concerns about Cole arose. Joel Sherman of the New York Post throws some cold water on the idea of the Yankees pivoting to either left-hander.

The luxury tax concerns for the Yankees have been highlighted at length by now. As a reminder, they’re a third-time payor who’s in the fourth and final tier of penalization. Any further additions to the payroll will be taxed at a 110% rate (based on the contract’s AAV) on top of the player’s salary. In the case of Snell, he’d also require forfeiting the team’s second-highest draft pick and surrendering $1MM of pool space in next year’s international free agent bonus pool, because Snell rejected a qualifying offer from the Padres.

Perhaps in part because of that, Sherman reports that the Yankees were more interested in Montgomery earlier in the offseason than in Snell — despite making a reported offer to the latter. The Yankees, per Sherman, “could not get a strong engagement” from Montgomery at the time, however. That lines up with some late-February reporting from The Athletic’s Jim Bowden, wherein he wrote that Montgomery’s hope had been for a return to the Rangers and that it was “believed” he did not “prefer” a Yankees reunion. With Montgomery still lingering on the market and the Rangers seemingly disinclined to spend further, none of that should expressly rule out an eventual match between Montgomery and the Yankees.

Sherman suggests that the likeliest course of action for the Yankees is to stand pat regardless of the news on Cole, though he opines that if they do make a move, they’re likelier to meet the White Sox’ asking price for right-hander Dylan Cease than they are to sign Snell or Montgomery. Cease is making $8MM this season and is controlled through 2025 via arbitration. He’d come with an $8.8MM luxury hit, but that’s a pittance relative to the tax hits it’d take to sign Montgomery or Snell for an AAV of $25-30MM — if not more. Prior reporting has indicated that the ChiSox were insistent on the inclusion of top outfield prospect Spencer Jones in talks regarding Cease, while the Yankees have been loath to consider moving him in any deal.

AL West Notes: Snell, Angels, Jung, Pollock, Verlander, Astros

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In a recent edition of the Willard and Dibs podcast, ESPN’s Buster Olney predicted Blake Snell will sign with the Angels, based on “conversations with people…who know Blake” and Snell’s apparent enjoyment of pitching in southern California.  Olney added the natural “depending on where the money falls” caveat, and things could also change depending on how the pitching market might yet play out, in regards to injuries suddenly changing the outlook for a would-be contender.  Agent Scott Boras said this week that he’d been hearing from some new suitors in regards to Snell and Jordan Montgomery since Spring Training opened, though both pitchers remain unsigned as we’re now into the second week of March.

The Angels were linked to Snell back in December, with Susan Slusser of the San Francisco Chronicle writing at the time that Snell was “their priority” as a front-of-the-rotation pitcher to replace Shohei Ohtani.  There hasn’t been much public movement between the two sides since, though the Halos also haven’t done anything else to upgrade their rotation, as their offseason pitching moves have been largely focused on bullpen additions.  The Angels have traditionally been reluctant to sign pitchers to big multi-year commitments, though since Snell is reportedly open to taking a shorter-term contract (likely with at least one opt-out clause), this could help find common ground towards a landing spot in Anaheim.

Other items from around the AL West…

  • It has been about three weeks since Josh Jung was shut down due to calf soreness, and the Rangers aren’t yet ready to him “ratchet up his running program,” according to Jeff Wilson of Rangers Today (X link).  Another MRI on Jung indicated some improvement with his calf, but the team is still being cautious, which is understandable given Jung’s important role as the starting third baseman.  Jung has already made his mark with a big rookie season that included an All-Star nod and a World Series ring, with Jung hitting .308/.329/.538 slash line in 70 postseason plate appearances.  It seems possible that Jung might need to start the season on the 10-day injured list if he misses much more Spring Training time, though the injury doesn’t appear to be overly serious.
  • AJ Pollock is at the Mariners’ spring camp in something of an unofficial coaching mentorship role, Shannon Drayer of MyNorthwest.com writes.  MLB Trade Rumors has learned that Pollock is still exploring his playing options and hasn’t officially retired, though since the longtime outfielder just turned 36, it isn’t a surprise that he might be exploring what’s next once he does decide to hang up the cleats.  Pollock played in 49 games for Seattle last season before being traded to the Giants at the deadline, and hit only .165/.215/.308 in 144 total plate appearances.  Pollock has an .892 OPS over 422 PA just as recently as the 2021 season, though he had a subpar year with the White Sox in 2022 before his bigger performance dropoff last year.
  • Justin Verlander told MLB.com and other reporters that he threw around 60 pitches during a bullpen session on Friday, and is up to lower-90s velocity on his fastball.  It seems like another positive step for Verlander as he continues to ramp up after a minor shoulder problem delayed his start to Spring Training.  The Astros have already announced that Verlander will begin the season on the 15-day IL, though that placement is just to give him more time to get ready, rather than any true concern over his health.
  • Since both Verlander and J.P. France have been slowed by shoulder issues, the Astros rotation is a bit of a question mark as Opening Day approaches.  While the team gauges what arms might fill in for Verlander or France on a temporary basis, The Athletic’s Chandler Rome notes that Houston will be in particular need of starters due to a busy early schedule.  The Astros play 20 games in the first 21 days of the season, and Rome feels the club could even go with a six-man rotation in April to keep everyone as fresh as possible.  That would open the door for Ronel Blanco and Brandon Bielak to both make the rotation if France also needs some IL time, or one of Blanco/Bielak could work as a long reliever.

Brown: Astros Not In Market For Additional Starting Pitching

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March 5: Even following today’s announcement that Verlander will open the season on the injured list, Brown doubled down on his comments downplaying a potential rotation addition (X link via Brian McTaggart of MLB.com). Brown again stated that his club isn’t in the market for starting pitching at this time, pointing France as the likely fifth starter behind Valdez, Javier, Brown and Urquidy. Blanco and prospect Spencer Arrighetti were also listed by Brown as depth options.

March 3: The Astros made a major splash at the back of their bullpen by signing relief ace Josh Hader to a five-year deal back in January, fortifying a late-inning mix that already included veteran closer Ryan Pressly and flamethrowing youngster Bryan Abreu. In the run-up to Spring Training, however, Houston GM Dana Brown indicated that the club hoped to make further additions to the pitching side of its roster before Opening Day, either by adding a reliever to the club’s bullpen mix or perhaps by adding another starter to allow other potential rotation arms to work in relief. That no longer appears to be the plan, as the GM downplayed the likelihood of such an addition coming to fruition in comments made to reporters (including The Athletic’s Chandler Rome) yesterday.

“We might add something later (around the trade deadline), but right now I think our team’s built to win and we’re ready to go,” Brown said, as relayed by Rome. Brown then went on to specifically note that he doesn’t expect the club to sign left-hander Blake Snell, the top free agent remaining on the open market, even as he admitted that he “would love to have him” on board.

It’s not necessarily a surprise that the Astros aren’t likely to aggressively pursue a deal with Snell. After all, the club has already entered unprecedented territory this winter when it comes to payroll. Per Cot’s Baseball Contracts, the Astros have never entered a season with a projected payroll above their $187MM figure from the 2021 season, but RosterResource projects the club to blow that figure out of the water this year with a whopping $240MM payroll entering the 2024 campaign. Those same projections put Houston at a $254MM payroll for luxury tax purposes, just a hair below the second threshold of $257MM. An addition of Snell’s caliber would surely blow past that number, as would even smaller deals for remaining mid-level free agent arms such as Michael Lorenzen or Mike Clevinger.

While Brown’s comments suggest that the club is comfortable with its internal options in the rotation, Houston’s depth is already being tested with a month left to go before Opening Day. Both veteran ace Justin Verlander and sophomore right-hander J.P. France have been sidelined to this point in the spring by shoulder issues, leaving the status of bother hurlers in question ahead of Opening Day. Should both righties begin the season on the shelf, the club would likely be left to turn to either Ronel Blanco or Brandon Bielak as their fifth starter behind the established quartet of Framber Valdez, Cristian Javier, Hunter Brown, and Jose Urquidy. Blanco made seven starts for the Astros last year, pitching to a 4.74 ERA in 38 innings of work, while Bielak posted a 3.69 ERA in 70 2/3 frames over 13 starts.

The recent comments seem to shut the door on the club making any major additions, though it’s at least plausible that the Astros could look to shore up their bullpen depth with a smaller investment. The best remaining relief arm on the free agent market, veteran right-hander Ryne Stanek, spent the last three seasons in Houston and pitched to a strong 2.90 ERA with a 3.91 FIP during his time with the club, though he’s coming off a shaky platform season that saw him post a 4.09 ERA with a career-worst 23.9% strikeout rate. Other veteran options still available include Brad Boxberger and Mark Melancon, each of whom offer late inning experience and could likely be had on non-roster deals after injury-marred 2023 campaigns.

Cardinals Have Not Recently Inquired On Snell, Montgomery

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With top left-handers Blake Snell and Jordan Montgomery still unsigned into March, agent Scott Boras declared today that four new teams had checked in regarding those pitchers since the opening of spring camps. It doesn’t seem the Cardinals are among that group. Derrick Goold of the St. Louis Post-Dispatch reports that, as of this afternoon, the Cards had not recently reached out to Boras about Snell or Montgomery.

That’s not a surprise, particularly as it pertains to Snell. St. Louis hasn’t been substantively tied to the defending NL Cy Young winner at any point. They’d left the door ajar to bringing Montgomery back at the time they traded him to the Rangers, but that possibility seemed more or less closed with the front office’s activity early in the offseason. The Cardinals added Sonny Gray on a three-year, $75MM pact as their big rotation pickup. They brought in Lance Lynn and Kyle Gibson as hopefully stable sources of innings at the back end.

Gray’s tenure in Cardinal red has started somewhat shakily. The three-time All-Star was removed from his Spring Training appearance today with right hamstring tightness. Gray declined comment pending the results of an MRI; the team is expected to provide more information tomorrow.

While Gray’s status could theoretically spur the Cardinals to seek out additional pitching depth, that won’t be known until the team gets clarity as to whether he’s still on track to be ready for Opening Day. Even if he does need to spend time on the IL, a push for Montgomery or Snell would be a surprise.

St. Louis has roughly $185MM on the books for the upcoming season, according to RosterResource. That’ll be a franchise high for Opening Day, approximately $8MM above last year’s team-record figure. Their competitive balance tax number is around $215MM. Signing either pitcher, especially Snell, would push them near or beyond the $237MM luxury tax threshold. The cost for narrowly exceeding the threshold for the first time isn’t all that significant — a 20% hit on spending between $237MM and $257MM — but Goold notes that team officials have suggested they have no desire to push into tax territory.

If Gray remains on track for Opening Day, he’ll front a rotation also including Gibson, Lynn, Miles Mikolas and Steven Matz. Should anyone from that group miss time, young southpaws Matthew Liberatore and Zack Thompson are probably next on the depth chart. Drew Rom made his MLB debut late last year but was tagged for an 8.02 ERA over eight starts. Sem Robberse and Adam Kloffenstein are also on the 40-man roster and have yet to reach the big leagues.

That’s a questionable group of depth starters for a team expecting to compete in the NL Central. Mike Clevinger and Michael Lorenzen headline the crop of unsigned starters beyond Snell and Montgomery. If the asking price for that duo is beyond the Cardinals’ liking, players like Zack Greinke, Eric Lauer and Noah Syndergaard wouldn’t command more than a few million dollars if they’re able to find a major league offer of any kind.

Phillies Reportedly Have Not “Seriously Discussed” Blake Snell

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The Phillies hammered out their second recent nine-figure pitching investment this morning. Philadelphia’s three-year, $126MM extension with Zack Wheeler follows their $172MM guarantee over seven seasons to retain Aaron Nola in free agency. There’s been chatter about the possibility of adding the defending NL Cy Young winner to form an elite trio, but that has always seemed like a stretch — even for a franchise that spends as aggressively on star talent as the Phillies do.

USA Today’s Bob Nightengale wrote over the weekend that the Phils had interest in Snell if he takes a short-term contract. However, Matt Gelb of The Athletic reported differently this afternoon. According to Gelb, the Phillies have not “seriously discussed” a pursuit of Snell, regardless of the contract length required.

Snell declined a qualifying offer from the Padres at the beginning of the offseason. Gelb suggests the Phils weren’t interested in signing a player who rejected a QO, which would require them to forfeit their second and fifth picks in the 2024 draft and $1MM in bonus pool space for international amateurs. Philadelphia did relinquish their right to a compensatory pick by re-signing Nola, though that would have been only one draft choice that fell after the fourth round. (Snell is the only of the seven players who declined the QO who remains unsigned.)

Even independent of the draft compensation, the Phillies haven’t seemed a great fit for Snell since they retained Nola. Philadelphia has $246MM in player commitments for the upcoming season, as calculated by RosterResource. That’s a little north of last year’s $243MM franchise-record Opening Day mark. The Phils have nearly $262MM in competitive balance tax commitments. They’re going to exceed the CBT for a third consecutive season, leading to higher penalties as a three-time payor.

Philadelphia is already set to pay roughly $13MM in luxury taxes. Further additions either during the offseason or around the deadline will add to that mark. The Phils would pay a 62% tax on their approximate next $15MM in spending. That’d be followed by a 95% charge on the following $20MM and a 110% tax on any money thereafter.

A short-term contract for Snell would assuredly come with a lofty average salary, heightening the CBT commitments. A $35MM annual value, as a hypothetical, would add around $28MM to Philadelphia’s tax bill on top of the money going to Snell. It would also vault the Phils past the $277MM line that marks the third tier of CBT penalization, pushing their top pick in the 2025 draft back 10 spots in the process. A longer-term commitment could soften the CBT hit but would add another extended pitching investment to the Nola, Wheeler and Taijuan Walker contracts — which all run through 2026 or later.

Every team would benefit from installing Snell into their rotation in the short term. The Phillies have a strong starting five already, though. Wheeler, Nola, Ranger Suárez, Walker and Cristopher Sánchez is a good group. Philadelphia took a flier on Spencer Turnbull as a long man/sixth starter and added Kolby Allard and Max Castillo as further rotation depth. Prospects Mick Abel and Griff McGarry are higher ceiling options who could make their respective big league debuts in 2024. Andrew Painter is likely to miss all of this season recovering from Tommy John surgery, yet he should be a factor in the ’25 starting staff.

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