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Carlos Rodon

Yankees Interested In Nathan Eovaldi

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The top remaining free agent pitcher, Carlos Rodón, reportedly prefers the Yankees as his future club. They are interested in him as well, but the problem is that Rodón is seeking a deal of seven years or more at a significant salary while the club would prefer to keep it down to four or five years. Jon Heyman of The New York Post reports that they will try to find a compromise but that the Yanks will also be considering Nathan Eovaldi as a backup plan.

Starting pitchers have been flying off the board in recent weeks, leaving Eovaldi as one of the best ones still out there. Over the past few seasons, Eovaldi has oscillated between being a very effective hurler and extended injury absences. After establishing himself in the majors with the Dodgers, Marlins and Yankees, he required Tommy John surgery late in 2016, wiping out the remainder of that season and the following one.

The Rays signed him for that 2017 season he was going to miss, with a $2MM option for 2018 that they eventually triggered. Up until that time, he had shown a powerful arm but without the strong results to match. He had a 4.21 ERA at that point in his career with a 17% strikeout rate. But 2018 proved to be a huge pivot point for him. He tossed 111 innings on the year with a 3.81 ERA and 22.2% strikeout rate. That included a midseason trade to the Red Sox, with Eovaldi going on to toss 22 1/3 innings in the postseason with a 1.61 ERA and 18.8% strikeout rate, helping the club win the World Series.

Those postseason heroics resulted in him returning to the Sox on a four-year, $68MM deal. Over the course of that contract, he’s continued to produce strong results but also deal with injuries. In 2019, he missed significant time due surgery to clean up loose bodies in his elbow. He was only able to log 67 2/3 innings that season with a 5.99 ERA. He bounced back in the shortened 2020 campaign, making nine starts with a 3.72 ERA, though he did miss time due to a calf strain.

He stayed healthy in 2021 and made 32 starts, posting a 3.75 ERA with a 25.5% strikeout rate. In 2022, injuries caught him again, as he went to the IL twice, once for back inflammation and once for shoulder inflammation. He still made 20 starts on the year with a 3.87 ERA and 22.4% strikeout rate, strong results but a concerning step back that came with diminished velocity. He averaged around 97 MPH in the first three years of his Boston deal but dipped to 95.7 MPH in 2022.

Despite that injury track record and Eovaldi’s rejection of a qualifying offer, MLBTR still predicted he would land a solid two-year contract worth $34MM, or $17MM per season. The free agent market has generally been quite strong this offseason, with many players outpacing their projections. It wouldn’t be a shock to see Eovaldi, who turns 33 in February, push for a third year or a higher average annual salary. Outside of him and Rodón, some of the best remaining starters on the open market are Noah Syndergaard, Michael Wacha, Corey Kluber, Drew Rucinski, Johnny Cueto, Drew Smyly and others. Those are still some quality arms but the options for a true impact upgrade for the rotation of a competitive team are dwindling.

For the Yankees, they don’t strictly need a starter, given that their rotation is in good shape. Ace Gerrit Cole should be followed by Nestor Cortes, Luis Severino and Frankie Montas, with one spot available for either Domingo Germán or Clarke Schmidt. Adding another pitcher like Rodón or Eovaldi would bump Germán and Schmidt down the chart while also providing some cover in case Severino or Montas struggle to stay healthy like they did in 2022.

The payroll might be an issue, however, as it’s been suggested that the club would prefer to stay under the third tier of the competitive balance tax, which is $273MM. By crossing that line, the financial penalties would increase and the club would also see its top 2023 draft pick moved back ten slots. Roster Resource currently pegs the club’s payroll at $250MM with a CBT figure of $266MM. A mega deal for Rodón or even a more modest one for Eovaldi would send the club well beyond that third tier and could even push them close to the $293MM top tier. With other needs around the roster, including left field and the bullpen, whether the Yanks actually have an appetite for a rotation splurge remains to be seen.

Eovaldi has been connected to the Blue Jays this offseason, though that was before they signed Chris Bassitt. There’s also been rumors of a return to Boston though the latest reporting indicated he wasn’t a top priority for the club.

Latest On Carlos Rodon’s Market

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10:42pm: The Yankees have indeed put forth an offer to Rodon, Heyman writes. There’s apparently still a fair bit of work to do in order to get a deal done, as Heyman indicates there’s a notable gap between New York’s proposal and Rodon’s asking price.

2:55pm: Carlos Rodon is the clear top pitcher remaining on the open market, and despite a lofty asking price reportedly in the $200MM neighborhood, multiple clubs remain in pursuit of the left-hander. Jon Heyman of the New York Post reported yesterday that the Yankees are prepping a formal offer for Rodon, and Brendan Kuty of NJ.com now tweets that the Yankees appear to be Rodon’s preferred landing spot. However, Kuty adds that both the Twins and the Cardinals both remain “seriously in play” for the southpaw as of this afternoon. Meanwhile, Susan Slusser of the San Francisco Chronicle tweets that even after agreeing to identical two-year, $25MM deals with both Ross Stripling and Sean Manaea this week, the Giants are still involved in Rodon’s market.

The Twins’ interest in Rodon is perhaps contingent on the looming decision of Carlos Correa who, like Rodon, is represented by the Boras Corporation. Dan Hayes of The Athletic suggests that Correa remains the Twins’ top priority, though he adds that the team nonetheless made a pitch to Rodon earlier in the month (Twitter thread). Given that the Giants are viewed as Minnesota’s primary competition for Correa, it’s fair to wonder whether both clubs might be prioritizing Correa with the intent of pivoting to Rodon should they be spurned by Correa. That both players have the same agent makes concurrent negotiations a smoother process.

After agreeing to a three-year deal with free-agent catcher Christian Vazquez yesterday, Minnesota projects to about $107MM in total commitments for the upcoming season. That’s well shy of the more than $140MM they spent on last year’s Opening Day roster, but not so far south of the mark that it becomes easy to envision a scenario in which both Correa and Rodon sign on to call Target Field home. The Twins have drawn interest in right fielder Max Kepler this winter, but even in the event of a Kepler deal coming together, a Correa/Rodon combo would push Minnesota well past $150MM in total payroll for the first time in franchise history and would likely lock them into $75-80MM worth of annual commitments to the trio of Correa, Rodon and Byron Buxton.

The Giants, meanwhile, are roughly $43MM from their franchise-record Opening Day payroll even after their deals with Stripling and Manaea. Similarly, though, it’s difficult to see both players landing in San Francisco. The Giants are already a bit north of $180MM in terms of luxury obligations, and that pairing would likely push them into tax territory for the first time. That said, the Giants have topped $200MM in payroll before, and the only player currently signed beyond the 2024 season is Mitch Haniger, who’s signed through 2025. The Giants have been averse to long-term contracts under president of baseball operations Farhan Zaidi, though they made hefty bids for both Aaron Judge and Bryce Harper under his watch.

As for the Cardinals, they were linked to Rodon this past weekend, and Kuty paints them as a fairly prominent player in the bidding. The Cards would make for something of a surprise bidder, having already spent $87.5MM to bring Willson Contreras to St. Louis on a five-year contract. Signing Rodon would likely mean doling out the largest commitment in franchise history and pushing payroll to height never before seen in St. Louis. The Cardinals’ current record for Opening Day payroll is a bit more north of $163MM, in 2021, but they’re already at that rough level right now Rodon could well take them north of $190MM.

Circling back to the Yankees, they at one point reportedly hoped to limit any Rodon deals to four or five years in length, though that doesn’t seem likely to get them in the ballpark. With Judge and Cole both locked into a combined $76MM in annual commitments through the 2028 season (2029 in Judge’s case), adding Rodon to the mix would require budgeting more than $100MM annually for a trio of players for at least the next six years. Giancarlo Stanton is under contract through 2027, as well, further complicating the long-term scenario for Rodon.

At present, Roster Resource projects a $266MM luxury-tax ledger for the Yankees. They’re already set to pay the tax for a second straight season, so they’ll owe $6MM on the first $20MM by which they cross the $233MM threshold and $8.5MM on the next $20MM. Once they reach $273MM in luxury obligations, they’ll be taxed at a rate of 75%, and they’d be taxed at 90% on any dollars beyond the $293MM mark.

Speculatively penciling in an even $30MM AAV (which could, of course, be off by a few million dollars one way or another), the Yankees would jump from their currently projected $11.74MM of penalties all the way up to about $32.65MM in penalties. In other words, they’d pay an approximate $21MM in taxes on top of Rodon’s actual salary for the 2023 season. Passing the luxury threshold by more than $40MM would also drop the Yankees’ top pick in the 2023 draft by 10 places, and any Rodon deal would make it quite difficult to drop under the tax line (and avoid even steeper tax rates as a third-time offender) in 2024.

Yankees Preparing To Make Formal Contract Offer To Carlos Rodon

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The Yankees are expected to put forth a contract offer to Carlos Rodón in the coming days, reports Jon Heyman of the New York Post. Heyman has suggested on a few occasions the Yankees have serious interest in the top free agent starter remaining, and putting a formal proposal on the table would mark a notable step in that pursuit.

Terms of the proposal aren’t clear, though Heyman reiterates that New York is reluctant to offer the seven-plus guaranteed seasons the southpaw and his representatives at the Boras Corporation reportedly seek. A seventh year is a lofty goal for Rodón’s camp, assuming they’re not banking in a notable dip on an annual basis to compensate for the longer term. That doesn’t appear to be the case, as Heyman writes they’re looking for a deal that tops $200MM in guarantees.

That’s rare territory, as only six pitchers have surpassed the $200MM mark. Gerrit Cole stands head and shoulders above the pack at $324MM over nine years, with the rest of the group checking in between $206.5MM and $245MM. Stephen Strasburg, David Price, Clayton Kershaw, Max Scherzer and Zack Greinke are the only other hurlers to reach that level. A handful of additional free agent pitchers (Kevin Brown, Mike Hampton, CC Sabathia and Barry Zito) have reached seven-plus years on deals under $200MM, but that’s itself a rare occurrence for a pitcher.

At the start of the offseason, MLBTR predicted a five-year, $140MM guarantee for Rodón. The free agent rotation market has generally been more robust than anticipated, and at least a six-year deal now seems very attainable for the two-time All-Star. Landing a seventh season at an annual salary below that projected $28MM — thereby decreasing the deal’s average annual value and lowering the luxury tax hit for a signing team — could be on the table. That’s been a common strategy this offseason, with Trea Turner, Xander Bogaerts and Brandon Nimmo all taking slight discounts on a per-year basis for very long deals with larger guarantees than forecasted. The best of both worlds for Rodón, of course, would be a seven-year term that doesn’t relinquish anything on an annual basis. It remains to be seen if a team will go to those lengths, with a seven-year pact requiring at least $28.57MM in annual salary to get to $200MM total.

Rodón is the only free agent ace still available. Jacob deGrom and Justin Verlander were the two free agent hurlers who could rival or best Rodón from a performance perspective. Their ages limited them to shorter deals (five and two years, respectively) than the one Rodón is seeking. At age 30, the former third overall draftee has arguably the best combination of performance track record and youth among this year’s class of hurlers. However, he’s not without some question marks as a player with a Tommy John surgery and a shoulder procedure on his injury history.

The North Carolina State product stayed healthy in 2022, tossing a career-high 178 innings of 2.88 ERA ball for the Giants. He was brilliant for a second straight season, striking out a third of opponents with solid control. On a rate basis, he’s one of the sport’s top pitchers, but he doesn’t have the workload track record of any pitcher who’d previously gotten to $200MM.

Cole, Strasburg, Price, Kershaw, Scherzer and Grienke had all had multiple seasons with 200+ innings pitched prior to inking their megadeals; Rodón has never gotten to that level. Workload for starting pitchers continues to dwindle, though, and it stands to reason teams will increasingly value per-inning performance while weighing workload volume less as expectations for pitcher roles change.

New York and the incumbent Giants have been tied to Rodón on a few occasions, and Heyman added the Cardinals as a team with interest over the weekend. The Rangers, Mets and Blue Jays were tied to him earlier in the offseason, but Texas later added Andrew Heaney to join deGrom while Toronto agreed to terms with Chris Bassitt this evening. The Mets landed each of Verlander, José Quintana and Kodai Senga. The Orioles, Red Sox and Twins have also been very loosely linked to Rodón in prior reports, although the extent of the interest of all three clubs isn’t clear.

Giants Continuing Rodon Pursuit Even After Manaea Deal

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The Giants’ agreement with lefty Sean Manaea appeared to give them a full rotation, but Susan Slusser of the San Francisco Chronicle reports that even after guaranteeing Manaea $25MM over the next two years (with an opt-out after year one), San Francisco remains engaged with Rodon and agent Scott Boras about a potential reunion.

Manaea, 31 in February, can join Logan Webb, Alex Wood, Alex Cobb and Anthony DeSclafani in comprising a prototypical five-man rotation, but there ought to be room for Rodon on the roster even with that quintet in place. That’s true both because Rodon is a clear upgrade over the majority (arguably all five) of those in-house arms, and also because the internal group comes with a fair bit of injury risk and health uncertainty.

DeSclafani, for instance, was limited to just 19 innings this past season, thanks to a tendon injury in his ankle that eventually required surgical repair. Each of Wood, Cobb and Webb made at least 26 starts, but Cobb and Wood also have lengthy injury histories. Cobb pitched just 158 total innings from 2019-21, owing to groin, back and wrist strains. Wood has made 26 starts in consecutive seasons now, but he pitched just 12 2/3 innings in 2020 and just 35 2/3 innings in 2019 due to back and shoulder injuries. Even Webb, who worked a team-high 192 1/3 innings in 2022, missed a few weeks in 2021 while battling a minor shoulder strain.

No team can be realistically expected to navigate an entire 162-game season with only five starters. While the Giants have some depth with swingman Jakob Junis and minor leaguers Sean Hjelle, Thomas Szapucki, Tristan Beck and Keaton Winn all on the 40-man roster, they also have ample payroll space to make a Rodon-sized splash and figure out the allotment of innings at a later date. Roster Resource projects a $151MM payroll for the upcoming season and a luxury-tax ledger that’s a bit higher ($168.3MM) but nowhere near the first tier of penalization, which begins at $233MM in 2023.

Rodon was reported earlier in the offseason to be seeking a six-year deal worth more $30MM-plus on an annual basis, and Slusser more recently reported that he and Boras have been seeking at least seven years. What’s not clear is whether that shift in length of desired contract comes with a shift in the per-year asking price. We’ve seen teams this offseason increasingly show a willingness to stretch contracts to greater lengths as a means of tamping down AAV. Clubs had been moving away from longer-term, lower-AAV deals for some time — Bryce Harper being a notable exception — instead showing a preference for shorter-term deals at high annual values. That hasn’t been the case this winter, with Trea Turner, Xander Bogaerts, Brandon Nimmo and Jacob deGrom all signing lengthier deals than expected but at lesser annual rates of pay than their highest-paid peers at their respective positions.

Put more simply, if Rodon and Boras set out seeking $180-200MM in total guarantees this winter but were having difficulty finding that, it’s at least possible that the shift toward a deal of seven-plus years in length might be more about reaching that $180MM-plus benchmark than about now seeking seven years at $30MM-plus per season. A seven-year deal worth $185MM, as a purely speculative example, wouldn’t line up with the previously reported AAV target for Rodon but would ensure his place among the ten highest-compensated free agent pitchers in MLB history.

Of course, anything in that vicinity would still shatter most industry expectations heading into the offseason. Two months ago, the most common question regarding Rodon was if he’d done enough to secure a sixth guaranteed year or would need to “settle” for a five-year contract. While reports of Rodon pursuing six, seven or even more years at or near the $30MM AAV threshold don’t serve as a guarantee that he’ll eventually reach those heights, they still represent a departure from where his market was expected to land.

In many ways, that’s a microcosm of the free-agent market at large since the offseason ended. Teams have been willing to spend far more freely than in recent winters, as last March’s collective bargaining agreement assured five years of labor peace and also gave front offices and owners clarity on where the luxury-tax thresholds will sit for the foreseeable future.

Beyond Rodon, the Giants are also known to be keenly interested in shortstop Carlos Correa — their top target after missing on free-agent outfielder Aaron Judge. Whether they’re willing to pony up and make commitments to both Rodon and Correa isn’t clear, though it’d certainly register as a surprise, as that pairing could wind up costing something in the range of $450-500MM combined.

Pitching Notes: Cardinals, Eovaldi, Rodón

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Currently boasting a staff of Adam Wainwright, Miles Mikolas, Jack Flaherty, Jordan Montgomery, Steven Matz, and Dakota Hudson, the Cardinals were not predicted to be heavily involved in the free-agent starting pitcher market this offseason. Nevertheless, president of baseball operations John Mozeliak is aware that, “a year from now, we know we’re going to need starting pitching,” per Derrick Goold of the St. Louis Post-Dispatch. Mozeliak added that the team has recognized that they will have to replace or re-sign four starters after the 2023 season.

Wainwright, who re-signed with St. Louis on a one-year, $17.5MM deal with incentives, has already stated that the 2023 season will be his last. Additionally, Mikolas, Flaherty, and Montgomery will all be free agents at the conclusion of the 2023 season. Matz and Hudson are the only starters with a contract for the 2024 season, with Matz signed through the 2025 season and Hudson a free agent after 2024. Goold reports that the Cardinals “plan to explore contract extensions with at least two of the starters who are unsigned beyond 2023,” with Mikolas being the most likely candidate.

The Cardinals are currently projected to enter the 2023 season with a payroll of $171.9MM, per Cot’s Baseball Contracts. However, after the season, they are forecasted by Roster Resource to have only $94MM in commitments — giving them ample room to add to their team. Despite this financial freedom, Mozeliak notes that the Cardinals “have some young starters coming,” perhaps signaling a desire to avoid free agent starters in order to fit within the team’s budget.

Lefty Matthew Liberatore (the Cardinals’ No.4 Prospect) struggled in his Major League debut during the 2022 season, pitching to a 5.97 ERA in 34 2/3 innings with a 17.4 SO% and 11.2 BB%. He didn’t fare much better in his second season at Triple-A Memphis, pitching to a 5.17 ERA in 115 innings with a 23.5 SO% and 8.3 BB%. Nevertheless, Liberatore is only 23 years old and still has plenty of time to settle in at the Major League level. Additionally, Gordon Graceffo (Cardinals’ No.3 Prospect), Tink Hence (No.6), and Michael McGreevy (No.9) all are expected to make their debuts during the 2024 season, with Graceffo and McGreevy earning promotions to Double-A Springfield during the 2022 season, while Hence spent the entire season with Single-A Palm Beach.

More pitching-related items from around baseball….

  • According to WEEI’s Rob Bradford, the Red Sox do not view former All-Star Nathan Eovaldi as a top priority in their starting rotation search. Bradford adds that other teams are showing more interest in Eovaldi than the level currently displayed by Boston. The Mets were previously rumored to be in on Eovaldi, but their recent five-year, $75MM deal with Kodai Senga likely takes them out of the running for the soon-to-be 33-year-old. Eovaldi joined Boston during the 2018 season, with the righty helping them win the 2018 World Series. The Red Sox rewarded the starter with a four-year, $68MM contract that resulted in 407 2/3 innings of 4.15 ERA baseball, with a solid 24.4 SO% and strong 5.6 BB%. Despite being limited to 20 starts in 2022 due to low back inflammation and right shoulder inflammation, Eovaldi pitched to a 3.87 ERA in 109 1/3 innings with a 22.4 SO% and 4.4 BB%.
  • In other St. Louis news, the Cardinals have reportedly entered the Carlos Rodon sweepstakes, per Jon Heyman of the New York Post. With Rodon seeking a seven-year deal and St. Louis having only two starters signed for the 2023 season, the Cards might look to join the bidding war for the two-time All-Star’s services. Rodon, 30, signed a two-year, $44MM deal with the Giants during the 2021 offseason, with an opt-out after the first year. Brushing aside injury concerns and making a career-high 31 starts, the southpaw pitched to a 2.88 ERA in 178 innings, with an absurd 33.4 SO% and strong 7.3 BB% before opting out of the contract at the end of the season. For his part, Mozeliak has remained coy, stating that while the team does “have some resources available,” but that he wouldn’t “believe many of the rumors you’re reading right now,” per Derrick Goold.

Carlos Rodón Seeking Seven-Year Deal

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The Yankees are one of many teams known to be interested in lefty Carlos Rodón, but Jon Heyman of The New York Post reports that they would prefer to limit him to a four- or five-year deal. That might be a problem, since Susan Slusser of the San Francisco Chronicle reports that Rodón is looking for at least seven years. Reporter Marino Pepén says the Red Sox are interested, though the extent of interest isn’t clear.

Just a few days ago, it had been reported that Rodón was seeking a six-year deal, but there may be good reasons why he’s upped his ask. The free-agent market has been broadly aggressive, with many of the top free agents going well beyond expectations in terms of contract length.

In recent offseasons, teams have generally cut off guarantees to position players in their age-37 seasons, but Aaron Judge got a nine-year deal taking him through age-39. Trea Turner and Xander Bogaerts each landed 11-year deals that run into their 40s. Brandon Nimmo will be paid through age 38 with the Mets. Pitchers, meanwhile, have struggled to land guarantees beyond their age-36 season (with older veterans like Max Scherzer and Justin Verlander standing as exceptions for obvious reasons), but Jacob deGrom signed through age 39 in Texas. The length of all those deals is generally rooted in lowering the luxury-tax hit, though, and Rodon’s ostensibly new goal of seven-plus years could be a matter of falling in line with that broader market trend.

DeGrom and Rodón are somewhat analogous, though not the exact same. Both are extremely talented pitchers with some injury concerns in recent years. DeGrom is arguably the best pitcher alive when healthy but missed over an entire year from mid-2021 to mid-2022 due to forearm and scapula injuries.

Rodón is much younger, as he will turn 30 years old tomorrow. Injuries limited him to just over 40 combined innings in 2019 and 2020 and the concern was high enough that the White Sox actually non-tendered him after that. There were enough red flags that he had to settle for a one-year, $3MM deal to return to the Sox. He’s been on a straight upward trajectory since.

Rodón tossed 132 2/3 innings in 2021 with a 2.37 ERA and excellent 34.6% strikeout rate. He seemed to run out of gas down the stretch, leaving some lingering health concerns as he returned to free agency. He didn’t get a qualifying offer and had to “settle” for a two-year, $44MM deal with the Giants, though one that gave him a chance to opt-out after the first campaign. He pushed further away from the injury worries by making 31 starts and logging 178 frames with a 2.88 ERA and 33.4% strikeout rate. He made the easy decision to opt out and also reject a qualifying offer from the Giants.

The fact that Rodón is now reasonably seeking a seven-year deal is nothing short of remarkable, given where he was just two years ago. It’s also not surprising that he’s looking to strike while the iron is hot, given the ups and downs he’s had in his career. Still, contracts of this length for free agent pitchers are quite rare. Gerrit Cole got nine years but with a much stronger record of health than Rodón. Prior to that deal, he had made at least 19 starts for seven straight seasons and at least 32 in the previous three. Kenta Maeda got eight years when coming over from Japan, but that was a unique situation. Maeda was going into his age-28 season but had some health concerns, leading the Dodgers to give him a modest $25MM guarantee spread out over eight years but with $10MM in incentives available each year that Maeda could trigger by staying healthy.

There are a handful of aces that have gotten to seven years, including Max Scherzer, David Price, Stephen Strasburg, CC Sabathia and Masahiro Tanaka, the latter of whom was only 25 at the time and is hardly a similar situation. Strasburg had dealt with some injuries but was coming off a World Series MVP performance that pushed his bidding up. The others in that group, similar to Cole, had fairly solid records of health and durability. As great as Rodón has been for the past two seasons, any seven-year deal would generally be rarefied air for a pitcher.

Now, with this offseason’s trend of utilizing longer contracts to tamp down AAV (and, thusly, luxury-tax penalties), it seems more plausible than before that Rodón might indeed command seven-plus years. Initial reports indicated that he was seeking six years with a $30MM+ annual salary. If Rodón and agent Scott Boras are fixated more on the contract’s total than on its length, then spreading that, say, $175-200MM goal out over a period of seven, eight or even nine years would greatly reduce the potential luxury penalties for whichever team signs him. That’s more a concern if he signs with a major-market club that regularly finds itself in luxury peril (e.g. Yankees, Red Sox) than if he were to sign with one of his reported suitors that has never held much of an appetite for the luxury tax (e.g. Twins, Orioles).

The Yankees are clearly willing to spend, as they just gave Judge a record-breaking $360MM guarantee. How much they want to continue spending, however, is an open question. Roster Resource currently pegs the club’s payroll for next season at $250MM with a competitive balance tax figure of $266MM. That already places them beyond last year’s Opening Day payroll of $246MM, per Cot’s Baseball Contracts, and beyond the second tier of luxury tax penalization. The tiers begin at $233MM next year and go up in $20MM increments to $293MM. Adding $25-30MM for Rodón would push them near or above that top penalty threshold.

The club doesn’t strictly need an elite starter like Rodón, but he would certainly be an upgrade for any rotation in the game. The Yanks currently have Cole, Luis Severino, Nestor Cortes and Frankie Montas for four spots with solid options for the last spot including Domingo Germán and Clarke Schmidt. That’s a solid group, but Montas and Severino both have some recent injuries that make them question marks going into next season, so there would be plenty of sense in adding another arm and pushing some guys down the depth chart. The question will be whether the Yanks would prefer paying the price for an ace like Rodón as opposed to turning to mid-rotation options like Chris Bassitt or Sean Manaea.

If Rodón indeed is open to seven or more years in order to obtain the contract total he’s eyeing, that would be an interesting situation for the Yankees to ponder. They already have expensive contracts for Cole and Judge on the books for the next six and nine years, respectively. Giancarlo Stanton has five years left with a $25MM club option for 2028 with a $10MM buyout. Adding a lengthy deal for Rodón would likely mean their 2028 payroll would already be well beyond $100MM.

The Red Sox, on the other hand, have plenty of space before thinking about the tax. Roster Resource currently has their payroll at $172MM and their CBT figure at $192MM. That leaves them about $40MM away from the lowest threshold, meaning they could add Rodón with room to spare. There would be plenty of sense in adding to their rotation given all the question marks they have there. Nick Pivetta is probably the only solid member of their group right now, as Chris Sale and James Paxton have hardly pitched in the past three years. Brayan Bello and Garrett Whitlock are penciled into two spots, though they are young and only have 20 MLB starts between them. They also have other areas worth addressing on the roster, such as catcher and figuring out how to deal with the departure of Bogaerts from their infield. Long-term, they have Story and Masataka Yoshida locked in for the next five seasons but nothing guaranteed for 2028.

Blue Jays Notes: Senga, Bassitt, Taillon, Reyes, Brantley, Gallo

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The Blue Jays are exploring several roster upgrades, with Sportsnet’s Ben Nicholson-Smith reporting that the club has interest in such players as Kodai Senga, Jameson Taillon, Alex Reyes, and Michael Brantley.  “There doesn’t appear to be traction…at the moment” between the Jays and Chris Bassitt, though the right-hander is another free agent hurler at least under consideration for the team.

Starting pitching is Toronto’s clearest need, and as one agent told Sportsnet’s Shi Davidi, the Blue Jays are “all over the pitching market” right now.  To this end, it is fair to speculate that the Jays have at least checked in on basically every available arm, which has been the team’s strategy for the previous three offseasons.  Davidi adds that the Jays also “have some degree of interest” in Carlos Rodon, Nathan Eovaldi, and their own incumbent free agent in Ross Stripling.  Past reports have indicated that the Jays have extended an offer to Andrew Heaney, and they were interested in Kyle Gibson (before Gibson rejected Toronto’s one-year, $10MM offer to sign an identical deal with the Orioles), and even Justin Verlander, before Verlander joined the Mets.

Alek Manoah and Kevin Gausman have solidified the front end of the Blue Jays’ rotation, but there is a lot of uncertainty afterwards, given how Jose Berrios and especially Yusei Kikuchi struggled in 2022.  There isn’t necessarily a guarantee that Kikuchi will even get a clear shot at a starting role, since he could at best be competing with Mitch White for the fifth starter’s job, or perhaps even be relegated to the bullpen if the Jays end up acquiring two new starters this winter.

As noted by both Nicholson-Smith and Davidi, the fact that the Jays were considering getting into Verlander’s market (even on a short-term deal) is another sign of how aggressive the team is willing to be, and perhaps a sign of how far they’ll stretch the payroll.  Bigger spending may be somewhat inevitable given the rising costs involved in the pitching market this offseason, though it might be a reach to see the Blue Jays spend what it will take to sign Rodon or perhaps even Senga, considering how the Japanese ace is drawing a lot of attention from multiple teams.  Speculatively, the Jays’ relative lack of interest in Bassitt could have to do with Bassitt’s desire for at least four guaranteed years, which may be a tall order for a pitcher heading into his age-34 season.

Reyes represents another kind of pitching addition, as the former top prospect is an intriguing bounce-back candidate who would fit on a lot of teams.  That said, Reyes also carries plenty of risk given his long injury history, including a shoulder surgery that kept him from pitching whatsoever in 2022.  It will be interesting to see how Reyes’ market materializes, as the Blue Jays and other teams will naturally be weighing the injury concerns, but the sheer amount of interest could still lead to a decent payday for the right-hander.

Beyond the pitching market, the Jays are also looking for left-handed hitting outfielders.  A gap in the outfield emerged after Toronto dealt Teoscar Hernandez to the Mariners, and a lefty swinger could help add balance to a largely right-handed Blue Jays lineup.  Brantley is one possibility, and while he is a player the Jays reportedly came very close to signing in the 2020-21 offseason, health questions also surround Brantley’s market.  Shoulder problems that eventually required surgery limited Brantley to only 64 games last season, and he has missed a lot of time earlier in his career with other injury woes.

Such names as Brandon Nimmo and Cody Bellinger have also been linked to the Jays’ outfield search this winter, and agent Scott Boras told Nicholson-Smith and Hazel Mae (Twitter link) that Toronto indeed had interest in both of his clients.  Boras also said the Blue Jays had interest in another client in Joey Gallo, another left-handed hitter.

Gallo is coming off a thoroughly rough 2022 season, hitting only .160/.280/.357 with 19 homers over 410 plate appearances with the Yankees and Dodgers.  Gallo’s “three true outcomes” style will always limit his offensive productivity to some extent, yet he is only entering his age-29 season, and Gallo’s strikeouts haven’t stopped him from posting some big offensive numbers in the past.  As recently as 2021, Gallo posted a 4.2 fWAR season, and his ability to play a decent center field would also be of interest to a Jays team that would ideally like to give George Springer more time in a corner outfield spot.

With Gallo, Bellinger, and probably Brantley all in line to receive one-year bounce-back types of contracts, the Jays could be planning to address the outfield with just a shorter-term addition, and then focus on a longer-term addition for the rotation.  The Blue Jays appear to be open to all possibilities, however, and their pursuit of free agents is also obviously impacted by what they might do on the trade market, especially with their catching depth being in high demand.

Rangers Have Met With Carlos Rodon Since Signing Jacob deGrom

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One year after shocking baseball by signing both Marcus Semien and Corey Seager for a combined half-billion dollar, the Rangers appear to at least be considering a similar double dip into the deep end of the free-agent pool. Ken Rosenthal of The Athletic reports that the Rangers met with Carlos Rodon just one day after signing Jacob deGrom to a hefty five-year, $185MM contract.

With deGrom in Texas and Justin Verlander having agreed to terms with the Mets, Rodon is the lone free-agent ace left on the board. He’s reportedly been seeking a six-year deal worth more than $30MM annually — a weighty sum for a pitcher with a lengthy injury history that includes both shoulder surgery and Tommy John surgery.

That said, Rodon has left little doubt in recent years that he’s among the sport’s most talented pitchers. After signing a $3MM pillow contract with the White Sox in the 2020-21 offseason, he at last made good on the expectations associated with his name dating back to his No. 3 overall selection in the draft. Through the first four months of the 2021 season, Rodon was arguably the best pitcher in baseball and looked like the clear front-runner for the American League Cy Young Award.

Shoulder fatigue limited Rodon to just 28 innings in the season’s final two months, however, and when he did pitch down the stretch in 2021, it was often with reduced velocity. The White Sox were apparently wary enough that they declined to put forth a qualifying offer, and Rodon inked a two-year, $44MM deal with the Giants that allowed him to opt back into the open market if he reached 110 innings on the season.

Not only did Rodon reach 110 innings, but he did so while again putting himself onto the periphery of the Cy Young race. The lefty tossed a career-high 178 innings with a 2.88 ERA, held his velocity late into the season and averaged better than 5 2/3 innings per start as a member of the Giants. He led the National League in strikeouts and, since Opening Day 2021, leads all Major League pitchers (min. 200 innings) with a 33.9% strikeout rate. Rodon has done all that while pitching to a combined ERA of 2.67 with similarly excellent marks in FIP (2.42) and SIERA (2.88).

Onlookers may wonder just how the Rangers could even consider continuing to spend so aggressively in such a short period of time — particularly when so many teams have been averse to paying the luxury tax in recent seasons. The increased luxury tax thresholds in the 2022-26 collective bargaining agreement surely play a role, as the first-tier threshold has climbed from $210MM in 2021 to $233MM this coming season.

The luxury tax, however, isn’t a major issue for the Rangers — at least not yet. Roster Resource projects that they currently have about $192.4MM of luxury obligations, meaning even signing Rodon at a $30MM AAV would still leave them with more than $10MM of breathing room from the first tier of penalization. It’s also worth noting that the penalty for first-time offenders is rather tepid — relatively speaking. The Rangers would owe a 20% tax on the first $20MM by which they exceed the $233MM threshold and a 30% tax on the next $20MM. Even shattering the luxury barrier by a means of $40MM would give the Rangers $10MM in penalties — about the price of signing a back-of-the-rotation starter in the current market.

Of course, signing Rodon would squarely set the Rangers up for a potential long-term status as a luxury payor. The combination of deGrom, Seager, Semien and Jon Gray amounts to $107.5MM on its own, and tacking on $30MM+ for Rodon would get Texas nearly 60% of the way to luxury territory even as far out as the 2024 campaign — and that’s not even including arbitration-eligible players and pre-arb players to round out the roster.

Texas, however, is enjoying the fruits of a newly constructed stadium that drew more than two million fans in 2022 and can surely anticipate that number will climb in 2023, with deGrom (at the very least) now on board. Ownership from all 30 clubs is also perhaps a bit more willing to spend after the league sold off its remaining 15% stake in BAMTech to Disney for $900MM, the spoils of which were divided among teams. Meanwhile, lucrative streaming deals with Apple and NBC/Peacock have only further bolstered revenues for the league’s 30 teams. Heading into the 2022 season, national television and streaming rights afforded all 30 teams approximately $65MM in revenue before factoring in local television deals, attendance, concessions and other sources of revenue.

Carlos Rodon Seeking Six-Year Deal

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With Jacob deGrom and Justin Verlander off the market — to the Rangers and to the Mets, respectively — Carlos Rodon is the clear top starting pitcher left on the free-agent market. As one would expect for a 29-year-old lefty (30 next week) who opted out of the second season of his contract on the heels leading the National League in strikeouts, the asking price appears quite high. Jon Heyman of the New York Post reports that agent Scott Boras and Rodon have been seeking a six-year deal at an annual rate of $30MM or more. (Notably, that report pre-dates Verlander’s new agreement with the Mets.) Heyman suggests that the Yankees are the large-market team that is most focused on Rodon at present.

As always, it’s worth taking early asking prices with a grain of salt to some degree. That’s not to say Rodon can’t reach six years and/or a $30MM+ annual value, but it behooves any free agent to at least initially set a lofty asking price. A six-year deal for Rodon would put the lefty in rarefied air, as the list of free-agent pitchers to secure such a commitment is quite short.

No free-agent pitcher has pulled in six-plus years on the open market since the 2019 Winter Meetings, when Gerrit Cole (nine years, $324MM) and Stephen Strasburg (seven years, $245MM) managed to do so. Prior to that pairing, the only free-agent deals of six or more years in length over the past decade have gone to Yu Darvish, Johnny Cueto, Max Scherzer, Jon Lester, David Price, Zack Greinke (twice!) and Patrick Corbin. Starting pitchers earning more than $30MM annually are similarly rare; Cole, Strasburg, Scherzer, Price, Greinke, Verlander, Clayton Kershaw, Trevor Bauer and deGrom are the only pitchers to ever reach that level.

For Rodon to join either group of arms, he’ll need to convince the market that the injury troubles that dogged him for much of his early career are in the past. Rodon has undergone shoulder surgery and Tommy John surgery in his career, and due to those injuries pitched just 232 1/3 innings at the Major League level over a four-year period (2017-20).

However, the former No. 3 overall pick returned to the White Sox on a one-year, $3MM deal in 2021 after being non-tendered, and broke out with one of the best seasons of any pitcher in the sport. Through mid-July in 2021, Rodon was the clear front-runner for American League Cy Young honors and quite arguably the most dominant pitcher in either league. Shoulder fatigue down the stretch dropped his velocity and relegated him to just six starts over the final two months, and durability concerns “limited” him to a two-year, $44MM deal with the Giants — one that allowed him to opt out of the contract after one season if he pitched at least 110 innings.

Rodon not only reached 110 innings — he dominated to the tune of a 2.88 ERA through a career-high 178 frames. He held his velocity late in the season, averaged better than 5 2/3 frames per start and took significant strides toward alleviating some durability concerns. He paced the National League in strikeouts this past season and has now turned in consecutive campaigns with a sub-3.00 ERA. Dating back to Opening Day 2021, he leads all Major League pitchers (min. 200 innings) with a 33.9% strikeout rate. He rejected a qualifying offer from the Giants, which may slightly impact his earning power, but that consideration shouldn’t be a major encumbrance for an in-his-prime, ace-caliber pitcher.

That’s especially true now, because with deGrom and Verlander off the market and little to no frontline starting pitchers clearly available in the trade market, demand for Rodon should be extra-steep. He can justifiably hold out for max years and/or dollars and go to the highest bidder, knowing that teams in need of an ace have no readily available alternative. Unlike Verlander, who surely prioritized signing with a win-now team due to his age, Rodon can consider a broader field of suitors. To this point in the offseason Rodon has drawn interest from as many as nine teams, with the Yankees, Dodgers, Mets, Rangers, Twins and Orioles among the team’s reported to be involved in his market to at least some extent.

Orioles Among 8-9 Teams Interested In Carlos Rodon

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Roughly eight or nine teams are known to have interest in Carlos Rodon, according to Jon Heyman of the New York Post (Twitter links).  Many of the suitors are already known, as past reports have indicated the Mets, Yankees, Giants, Twins, Dodgers, and Rangers have all checked in on Rodon’s market at different points this offseason.  However, Heyman also lists the Orioles as a new name in the mix for the left-hander’s services.

Baltimore has already made one notable rotation move in signing Kyle Gibson to a one-year deal earlier today.  Needless to say, signing Rodon would take a much heftier financial commitment, and the first major acquisition of the Orioles’ post-rebuild era.  Though past reports suggested that the O’s were wary of shopping at the very top of the pitching market, Rodon might represent something of a bridge between the “top tier” and “secondary tier,” depending on how one would define such players.

Entering his age-30 season, Rodon is considerably younger than either Justin Verlander or Jacob deGrom, so Rodon might make more sense for a young Baltimore team that appears to be just entering its competitive window.  As Orioles GM Mike Elias noted last month, the club has “got a lot of interesting starters.  But they’re not guys who have a track record of being front-end-of-the-rotation starters.” 

Baltimore hopes at least one or two of their young arms can eventually develop into being ace-level pitchers, but waiting on that development might not be too helpful for a team that wants to win in 2023.  Gibson has had some quality seasons and was an All-Star just in 2021, but he struggled in his time with the Phillies, and he is more of a veteran innings-eater than a true frontline pitcher.

In other Rodon news, Heyman writes that Texas is still in on the southpaw even after already signing deGrom to a five-year, $185MM deal yesterday.  As expected, the Rangers have put a heavy emphasis on rotation upgrades this winter, between signing deGrom, re-signing Martin Perez, and acquiring Jake Odorizzi from the Braves.  That trio joins Jon Gray and Dane Dunning in the projected starting five, but the Rangers have been so aggressive over the last two offseasons that it wouldn’t be all that surprising to see them also sign Rodon.  In this case, one of Dunning or Odorizzi could become a depth starter or swingman, or potentially even a trade chip.

Both the Mets and Yankees have been linked to Rodon and Verlander, with Heyman tweeting that the two New York teams seem to have differing top choices.  Rodon seems to be the Yankees’ chief target, while Verlander seems like the Mets’ preferred option.

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