Phillies’ Interest In Kimbrel, Keuchel Limited To Short-Term Deals
The Phillies put an end to the lengthiest, most high-profile free agent pursuit in MLB history today when they agreed to terms with Bryce Harper on a 13-year contract worth a record $330MM, And while there have been suggestions that the Phils could look into Dallas Keuchel and/or Craig Kimbrel once their pursuit of the market’s top two position players (Harper and Manny Machado) had wrapped up one way or another, Todd Zolecki of MLB.com tweets that it’s “unlikely” the Phils would sign either unless one pitcher’s asking price suddenly dropped to a short-term deal. MLB Network’s Jon Heyman offers similar thinking, tweeting that while the Phils “may” look into the market’s top remaining free agents, the organization’s “initial thought” would be short-term.
It’s been a quiet offseason in terms of rumors surrounding both pitchers. Keuchel and Kimbrel have different agents but both entered free agency reportedly hoping to score contracts of $100MM or more; that initial asking price may have turned off some suitors entirely, as there’s been little in the way of teams reported to have interest in the duo. That certainly doesn’t mean that the two haven’t had any interest, but the fact that they’re unsigned with just hours until the calendar flips to March also (obviously) suggests that their current asking price isn’t generating much in the way of bites from potential suitors. Unsurprisingly, both are still in search of multi-year deals, per Mark Feinsand of MLB.com.
Either pitcher would be an obvious fit for the Phillies, though after adding Harper, Andrew McCutchen, David Robertson, J.T. Realmuto and Jean Segura already this winter, it doesn’t seem as though GM Matt Klentak, president Andy MacPhail and owner John Middleton are prepared to pay top-of-the-market prices. Still, the Phillies are presently relying on a trio of unproven starters — Nick Pivetta, Zach Eflin, Vince Velasquez — behind ace Aaron Nola and veteran Jake Arrieta. Velasquez has long been tabbed as a potential reliever in the end anyhow, and bringing Keuchel aboard could push him to that role while adding a durable, dependable arm to the mix.
In the bullpen, the Phillies are looking at Robertson and sophomore Seranthony Dominguez as a formidable one-two punch at the back end of games. A rebound from Hector Neris and/or better health from veterans Pat Neshek and Tommy Hunter would give Philadelphia an even deeper collection of ‘pen arms, but even with that potentially strong quintet, Kimbrel would push everyone down a peg and give manager Gabe Kapler a cavalcade of impressive arms. (It should be noted, too, that there’s at least a bit of early concern surrounding Hunter’s right arm.)
Even after adding Harper on his record-setting deal, the Phillies’ 2019 payroll projects at just north of $163MM. Their luxury-tax ledger is a bit more crowded at a projected $191.1MM at present (per Roster Resource’s Jason Martinez), so adding either Kimbrel or Keuchel would likely put the Phils over the $206MM barrier (barring the trade of another player on a guaranteed contract).
Latest On Craig Kimbrel
4:38 PM: Per Kimbrel’s agent David Meter, via The Athletic’s Ken Rosenthal, the report that Kimbrel would consider sitting out the 2019 season is false: “The report is wholly inaccurate and Craig looks forward to signing a new contract in the near future. Any report pertaining to his not playing this season is utterly false.”
2:27 PM: Jim Bowden of The Athletic cites “multiple GMs” in a report stating that reliever Craig Kimbrel‘s asking price has not dropped from its lofty mid-offseason perch. In the same tweet, Bowden notes that “sources close” to the 30-year-old believe he would “consider” sitting out the 2019 season if the offers continue to fall well short of his ask.
The seven-time all-star, who’s fanned at least 13.5 men per nine in each of his nine MLB seasons, entered the offseason primed to set a new record for both length and total value of a relief-pitching contract. His initial ask, as reported by The Athletic’s Jayson Stark and ESPN’s Buster Olney, was a 6-year deal for at least $100MM, a figure that, in this market, had little chance to be met. By Christmas, the price was hovering near Aroldis Chapman‘s record-setting 5-year, $86MM deal, though it doesn’t appear to have fallen further in the weeks to come.
Though the demands seem reasonable, especially for Kimbrel’s former club, the deep-pocketed, reliever-starved Red Sox, a competitive market has thus far not emerged around the flame-thrower. Some of the tepid interest can surely be owed to the righty’s age (31 in May) and his declining peripherals (a career-worst 28.2% ground-ball rate, 1.01 HR/9, and 3.13 FIP/xFIP), but Kimbrel has bucked the volatile-reliever archetype as well as any in the history of the game, and his average fastball velocity, long a marker for imminent decline, still sits at a sizzling 97.5 MPH.
The rest, it seems, is centered in the avant-garde approach to player evaluation, where short-term, high-average-annual-value deals are all the rage, and even the richest clubs snub their noses at name-brands and track records. Certain suitors, like the free-spending Phils, are holding firmly to their internal valuations – as they did, recently, with Manny Machado – while others, like the division-rival Braves, are playing poor. Boston, of course, would be on the hook for nearly $30MM in 2019 if it were to sign him to a deal approaching his reputed ask, and can be reasonably excused for its reluctance.
The rest of the league, though – especially would-be contenders with back-end needs, like the Indians, Twins, Angels, and Cubs – seems to have little defense.
A Closer Look At The Red Sox And The Luxury Tax
The Red Sox’ bullpen — or, really, its lack of fortification this offseason — has garnered plenty of recent attention. President of baseball operations Dave Dombrowski has not only downplayed the possibility of a reunion with Craig Kimbrel but also the addition of any notable arm. While Dombrowski has stated that there’s no mandate to remain south of the top luxury tax border, it also seems increasingly likely (if not apparent) that that’s exactly what the team is planning to do. Most onlookers have at least a cursory awareness of what that entails, but I felt it worth a deeper look to see exactly what the Sox are deeming the theoretical breaking point — if they are indeed set on avoiding that barrier.
This isn’t necessarily a call for the Red Sox to spend more, to be clear. Boston is poised to carry Major League Baseball’s highest payroll for the second consecutive season and stomached the hit when they incurred top-level luxury penalization last year. This offseason, ownership green-lit a $68MM expenditure on Nathan Eovaldi and another $6.25MM on Steve Pearce. The Sox have hardly refused to spend. Every team, though, has its limit, and at the very least Boston seems close to that point.
At present, Roster Resource’s Jason Martinez has the Red Sox with a 2019 payroll of $238,373,928. That’s how much money they’ll pay out to players — those on the roster and those either no longer on the 40-man (Rusney Castillo) or no longer even in the organization (Pablo Sandoval).
For the purposes of the luxury tax (labeled as the Competitive Balance Tax in baseball’s collective bargaining agreement), however, payroll is calculated by the average annual value of the contracts for which a team is responsible (in addition to a set level of player benefit costs, which include medical costs, moving/travel expenses, etc.). Jason has Boston’s luxury tax payroll (“actual” payroll, as termed in the CBA) projected at $241,269,197. Those numbers, both the 2019 payroll and the “actual” payroll, are estimates and aren’t exact, but they’re both close approximations that provide a reasonably accurate depiction of what the organization’s expenses currently entail. Before delving further into what additional spending would mean for the Red Sox, it’s important to note what those numbers mean for the team’s current taxation penalties.
For the 2019 season, the luxury tax line has been set at $206MM. Even without re-signing Eovaldi and Pearce, the Sox were always going to be well north of that line. The collective bargaining agreement stipulates that a second-time offender — the Red Sox were over the luxury line in 2018 but stayed shy of it in 2017 — will pay a 30 percent tax on the first $20MM over the initial luxury line. Teams are subject to an additional 12 percent tax on the next $20MM spent. If a team crosses the luxury limit by more than $40MM, it will pay an additional 45 percent tax from that point forward and also see its top pick in the next year’s draft dropped by 10 spots. Put otherwise:
- $206MM to $226MM: 30 percent tax (a total of $6MM)
- $226MM to $246MM: 42 percent tax (a total of $8.4MM)
- $246M or more: 75 percent tax and a loss of 10 spots in the following year’s draft
Using Jason’s figures above, the Red Sox are paying the full $6MM of that first level and are $15,269,197 into the second level of tax penalization. That sum is taxed at a 42 percent rate, meaning the Sox are paying a $6,413,063 tax on it. At present, then, the Red Sox are committed to paying about $12.413MM worth of luxury tax penalties. There’s a $4,730,803 gap between their current projection and the $246MM top luxury line. If they were to, theoretically, add another reliever for a dollar less in order to avoid top-level penalization, the Red Sox would be taxed an additional $1,986,937. Of course, that’d leave them unable to make a single in-season addition should the need arise.
That, however, is the gripe for many critics. A bullpen headlined by Matt Barnes, Ryan Brasier, Heath Hembree, Brandon Workman, Tyler Thornburg and Brian Johnson seems quite likely to necessitate trade-deadline augmentation — and that’s before even allowing for the possibility of an injury to a key player that would also require a trade acquisition. It’s not only possible that the Red Sox will have crossed the top luxury line by the time the July 31 non-waiver trade deadline has passed — it seems downright likely. Perhaps the plan is to find trade acquisitions whose salaries can be largely paid down by their current team, but doing so would require paying up a greater premium in terms of prospects and thus weaken an already thin farm system.
Should paying more in terms of prospects be preferable to lessening the 2020 draft budget? Some might argue that it’s preferable to go ahead and commit to taking the draft hit in order to gain the advantages of a bolstered bullpen from the start of the season. After all, the division is hardly a shoo-in and the Sox obviously have designs at chasing an elusive repeat title. But what does that actually mean from a financial standpoint?
For the sake of argument, let’s take a look at what the Red Sox would have to pay in order to sign Kimbrel at the four-year, $70MM term projected by MLBTR in our Top 50 Free Agent Predictions back in November. In trying to peg Kimbrel’s eventual contract, Tim Dierkes, Jeff Todd and I all felt that Kimbrel would seek to top Aroldis Chapman‘s record guarantee (which he reportedly has indeed pursued) but ultimately fall shy and instead, ahem, “settle” for breaking Wade Davis‘ $17.33MM annual salary record for a reliever over a four-year term. Kimbrel may very well fall shy of our $70MM prediction, but he could still set a new AAV standard with a three-year, $52.5MM deal. Even a one-year deal at the $17.5MM level would come with the same CBT hit for 2019. For purposes of this hypothetical, that seems a reasonable figure to work with.
If the Sox were to pay Kimbrel a $17.5MM annual salary, the first $4,703,803 of that salary would close the gap between Boston’s current “actual” payroll and the $246MM threshold. As noted above, that’d come with a $1,986,937 luxury hit, coming to a total of $6,690,740. The remaining $12,769,197 would come with a hefty tax of $9,576,898. That’s a total of $11.564MM just in taxes before considering the money the team would actually owe to Kimbrel himself.
Viewed through that lens, Boston would effectively be on the hook for a stunning $29,036,835 in 2019 if they were to sign Kimbrel at the record rate he’s quite likely eyeing. (A multi-year deal, of course, might have greater or lesser salaries in its various seasons, though that’s all averaged for the CBT.) Frankly, even beyond any concerns about lengthy commitment to a not-so-youthful reliever, it’s pretty clear to see why the Sox don’t have much interest in retaining Kimbrel unless his price tag craters (at which point a plethora of other teams would join the bidding). Though the total luxury tax bill would still not make up an enormous amount of the team’s total payroll-related spending, it would perhaps turn a Kimbrel signing from a hefty investment to an eye-popping splurge.
That math is also informative when examining why the Sox have passed over other top-end relievers. For instance, beating the Yankees’ three-year, $27MM offer to Adam Ottavino by a margin of $500K annually would’ve still been costly for Boston. As with any contract, the first $4,703,803 of the deal would’ve been taxed at $1,986,937. The remaining $4,796,197 would come with a $3,597,148. In total, signing Ottavino at a $9.5MM annual salary would effectively cost $15.084MM in 2019.
Boiled down, any relief addition for the Red Sox with an annual salary north of the $4,703,803 gap that exists between their current “actual” payroll and the $246MM luxury line could be viewed as such (where X = the average annual value of a new contract):
(X – 4,703,803) + (X – 4,703,803)*0.75 + 6,690,740 = Total 2019 expenditure
All of that, of course, is before even acknowledging the 10-spot drop they’d face in the draft for a second consecutive season. There’s no way of knowing precisely how much the Sox would be costing themselves in the 2020 draft, or even how much they stand to lose in the 2019 draft after crossing the top level last year, as 2019 slot values aren’t yet known. However, dropping from No. 30 in 2018 to No. 40 (the drop they’re facing this year) would have resulted in a loss of $489,500 in the team’s draft pool. Draft slot values increase incrementally each season, and the Red Sox’ exact placement in the draft order obviously can’t be known. But generally speaking, the Sox would be looking at a 10-spot drop and a loss of at least $500K in their 2020 draft pool.
Clearly, the price to add a reliever of any significance will be steep for Boston — possibly more so than most would expect before truly diving into the math behind further additions. That said, it’s still worth questioning the Red Sox’ decision to draw a line in the sand at this juncture. The current state of the ‘pen makes it seem likely that Boston will need to add a reliever during the season anyhow, and that could still put the team over the limit while also costing prospects.
Beyond that, this it’s quite likely that this is the last time Boston will ever enjoy the Chris Sale, Xander Bogaerts and J.D. Martinez all on the same roster. Sale and Bogaerts are free agents after the 2019 season, and Martinez has an opt-out provision that he’ll presumably exercise if he produces anywhere near his 2018 levels. Add in the fact that Mookie Betts can become a free agent after the 2020 season — though the Sox surely hope to extend their franchise player — and there’s all the more urgency for Boston to go all out in its pursuit of another championship.
Further spending truly doesn’t appear to be in the cards for Boston, though perhaps they’ll be able to secure one of the market’s remaining relievers at a modest $2-3MM commitment that’d still allow them to avoid the top line. But the Sox look like they’re genuinely poised to enter the season with a glaring weakness — one that’ll be tough to account for during the season. While the staggering level of taxation they’d have had to pay on another notable ‘pen arm (or two) makes their reluctance understandable, that’ll still be a tough sell to fans if the current group of relievers doesn’t exceed expectations in dramatic fashion. It’s an illustration of the potency of the current luxury tax rules — though, of course, the payrolls of virtually every other team in baseball presently reside comfortably out of range of this level of penalties.
Twins Rumors: Kimbrel, Grandal, Madson, Norris
As star closer Craig Kimbrel continues to wait for a new contract, Dan Hayes of The Athletic raised the notion recently (subscription link) that the Twins could position themselves as a landing spot. Kimbrel has reportedly been seeking a five-year deal, though Hayes reports the Twins would only be interested in a shorter-term pact with a high annual value. As Hayes explores, the Twins’ recent but failed bid for Yasmani Grandal suggests that they’re willing to make a run at players they deem to be unique assets in the market. None of that is a declaration that Minnesota is actively pursuing Kimbrel at the moment, but the connection is still of some note.
Were Kimbrel to take a contract of three or fewer years, it’s fair to speculate that he’d look to topple the $17.33MM annual value record for a reliever — currently held by the Rockies’ Wade Davis. Recent comments from Twins baseball ops leaders Derek Falvey and Thad Levine largely downplayed the possibility of any marquee addition to the roster, and Kimbrel would see enhanced interest from more than just Minnesota if his asking price dipped to three or fewer years. With a 2019 payroll that currently checks in more than $20MM south of last season’s Opening Day mark and zero guaranteed contracts in 2020, the Twins arguably have the most financial flexibility of any team in baseball, though that hardly means they should be expected to make a big free-agent splash.
More out of Minnesota…
- Speaking of the Twins’ interest in Grandal, Darren Wolfson of 1500 ESPN/SKOR North reported in a recent podcast episode (Twins talk starts around 11:50 mark) that Minnesota was willing to go to three years at a total of $13-15MM per season in order to bring Grandal aboard. Grandal’s camp, however, told the Twins quickly and definitively that he wasn’t interested in signing there. Given that Grandal landed one state over in Wisconsin, it’s unlikely that geography played much of a role, so perhaps signing with a clearer contender was a priority. Since signing, Grandal has also spoken about the emphasis he placed on finding an annual value commensurate with the game’s top catchers. It’s rare to see a player turn down three or four years (the latter reportedly offered by the Mets) in order to receive an AAV boost of this size, but every player is wired differently, and Grandal may simply be more open to risk than most. If he has a strong 2019, he could come out ahead next offseason when he won’t have a qualifying offer hanging over his head.
- While the Kimbrel scenario may not be all that realistic for Twins fans, Minnesota is still looking to add a reliever, tweets MLB Network’s Jon Heyman. Right-hander Ryan Madson is among the players Minnesota is considering as the team looks to further deepen its ‘pen, Heyman notes. Madson logged 52 2/3 innings with 9.2 K/9, 2.7 BB/9, 1.20 HR/9 and a 42.6 percent ground-ball rate in 2018 — solid secondary numbers that generally look more appealing than his 5.47 ERA. Beyond that, Madson’s velocity actually improved over its 2017 levels, as he averaged 95.9 mph on his four-seamer and 95.4 mph on his sinker, per Statcast. Madson also posted a 13.9 percent swinging-strike rate that was his best since returning from a three-year injury absence in 2015. The 38-year-old was used heavily in the postseason by the Dodgers and looked to wear down in the World Series after strong showings in the NLDS and NLCS. However, he posted an intriguing 31-to-5 K/BB ratio from the All-Star break through the completion of the World Series and figures to come at an affordable rate.
- Meanwhile, Wolfson tweets that the Twins have both Madson and righty Bud Norris on their radar. However, he notes that the Twins have also been hoping to add relievers on minor league contracts, and it doesn’t seem likely that either Madson or Norris would be amenable to such a deal at this juncture. Norris worked to a 3.59 ERA 10.5 K/9, 3.3 BB/9, 1.25 HR/9 and a 42.6 percent ground-ball rate in 57 2/3 innings with the Cardinals last season.
Braves’ GM Anthopoulos On Kimbrel, Trade Market
The Braves’ offseason began with a bang, signing both Josh Donaldson and Brian McCann early on, but there’s been little activity out of Atlanta since that time. The club did strike up a surprisingly affordable deal to bring Nick Markakis back for at least a fifth season (and possibly a sixth) earlier this week, filling an obvious hole in right field.
Many fans, however, were hoping to see a bigger splash to fill that vacancy — or at least some type of splash following the aggressive November deal that brought Donaldson into the fold. General manager Alex Anthopoulos’ comments about the financial flexibility that Markakis’ contract affords the club only fueled the fire for the Braves’ fanbase and their hopes for another marquee pickup, with many pining for a Craig Kimbrel reunion. However, Anthopoulos’ comments in a recent appearance on MLB Network Radio on SiriusXM at the very least downplay that possibility — if not almost entirely rule it out (Twitter links, with audio):
“He makes everybody a lot better,” said Anthopoulos of Kimbrel. “He’s one of the best closers of all time. I did come out early in the offseason and, not speaking specifically about him, but [said] our payroll, our model, I don’t know that us spending big, elite dollars on a reliever — length, the term and all that — I don’t know that that model works for us.”
Kimbrel entered the offseason reportedly seeking a massive payday north of $100MM, and while reports since that time have indicated that goal has dropped a bit, the latest update on his asking price suggested the $86MM and $80MM contracts of Aroldis Chapman and Kenley Jansen as targets (although that was a month ago). A closer with Kimbrel’s track record, understandably, is aiming exceptionally high, and even if his price drops a bit further, it wouldn’t be a surprise to see his camp eye a deal that tops Wade Davis‘ $17.33MM average annual value record for a reliever.
Wherever Kimbrel’s contract eventually lands, it seems reasonable to think that he’ll command the “big, elite dollars” to which Anthopoulos expressed an aversion. If that proves to be the case, Anthopoulos suggested that he’s happy with the end-game options the Braves already have in house while acknowledging that he’s still considering veteran additions.
“From a bullpen standpoint, A.J. Minter, Arodys Vizcaino did a nice, solid job for us,” said Anthopoulos. “…Hopefully, a young guy like Minter can take one more step. I think having a healthy Darren O’Day is going to be big, and then some of the other young kids that really took a step and had a nice year have a chance to continue to contribute. But, there’s no doubt if we can get more talent, more experience — especially at the end of the game — it’s going to slot everybody down. That’s definitely something we’ve explored, both in trade and free agency.”
The trade market — specifically, Atlanta’s lack of activity on that front — has been another potential source of consternation among fans. The Braves organization has famously built up a wealth of premium prospects and a deep reserve of secondary (but still high-quality) minor leaguers that has made their farm system one of baseball’s best. Clearly, there isn’t room for all of the stockpiled talent to claim regular roles with the big league club, and many would like to see the team cash in some of those farmhands for proven MLB talent. That, said Anthopoulos, is something the team has explored at length, though there’s been no common ground reached with teams shopping intriguing talent.
The GM plainly stated that his club was “definitely engaged” with the Mariners with regard to James Paxton, though the lefty eventually went to the Yankees in a package headlined by MLB-ready top prospect Justus Sheffield and another high-quality, near-MLB arm in Erik Swanson. Atlanta also spoke to the Mariners about closer Edwin Diaz before Seattle sent him and half of Robinson Cano‘s remaining contract to the Mets in exchange for a package led by this past draft’s No. 6 overall pick, Jarred Kelenic.
“At the end of the day, we had the ability to say ‘yes,'” said Anthopoulos of those talks. “We got a price on players like that. We’re definitely going to be ‘in’ on those guys. … I think, at the end of the day, we really feel strongly about the talent that we have. We put some good young players on the table in deals. I think maybe where we hit a bit of a snag in some of these things is just the volume — and that’s where we do pause, and we kind of pump the brakes a little bit.”
Though the inability to reach an agreement is surely frustrating for the Braves’ front office as well, Anthopoulos indicated that it’s often a relief to look back on some deals that ultimately weren’t made. He noted that he was most frequently asked about both Ronald Acuna and Ozzie Albies last offseason and is thankful not to have budged on either player and also “pretty happy” to have passed on some trade-deadline offers with which they were presented. (Of course, there are undoubtedly prospects whose stock has dropped that the Braves may, with the benefit of hindsight, been able to have let go without significant consequence.)
Ultimately, it sounds as though the Braves will continue to explore the trade market — they’re still oft-connected to J.T. Realmuto, for instance, and there are teams with relief pitchers available — but at the very least, it seems Atlanta fans should temper their expectations with regard to a Kimbrel reunion, which is a disheartening reality not only for them but also for Kimbrel’s camp. Kimbrel still seems destined for a sizable payday, but Anthopoulos is the second baseball ops leader in the past two weeks to suggest that paying Kimbrel at a premium rate likely isn’t in the cards; Red Sox president of baseball operations Dave Dombrowski made similar comments recently, all of which only further clouds the market for the offseason’s top free-agent reliever.
NL East Notes: McNeil, Marlins, Braves
The Mets‘ additions of Robinson Cano and Jed Lowrie have eaten up most of the infield at-bats that would’ve otherwise gone to breakout 2018 rookie Jeff McNeil, writes Anthony DiComo in his latest inbox column. As such, McNeil now looks outfield bound in 2019 — a role he’s only played in a total of nine minor league games. While Brandon Nimmo and Michael Conforto are locked into outfield spots — likely in center and right field — McNeil will join Juan Lagares and Keon Broxton in the mix for additional outfield playing time. (Yoenis Cespedes‘ status for the 2019 season is uncertain following surgery on both heels.) It’s curious to see McNeil to a more limited role after the 26-year-old burst onto the scene with a .329/.381/.471 slash in 248 plate appearances, though surely the organization feels its depth on the position player side is formidable. For those wondering, DiComo notes that Todd Frazier isn’t likely to be moved coming off a career-worst year, adding that GM Brodie Van Wagenen indicated Frazier is expected to receive regular at-bats at the infield corners. It’s somewhat curious, then, that the Mets chose to deepen their infield mix with Lowrie rather than add a reliever like Adam Ottavino, who agreed to a $9MM annual salary on a three-year deal with the Yankees yesterday.
Here’s more from the National League East…
- Barry Jackson of the Miami Herald provides an update on a sleepy Marlins offseason, explaining that the club is still waiting for some bigger things to fall into place before adding to its roster. Beyond the obvious fact that the rebuilding club is waiting to see what players might fall through the cracks in free agency, the Marlins are not particularly interested in making moves before lining up a hopeful trade involving star catcher J.T. Realmuto. That deal could return some MLB pieces, which would dictate the team’s further needs. Jackson also reports that Miami would like to add a lefty bat who can play both the infield and the outfield — a perplexing target considering the fact that the Marlins cut Derek Dietrich, who fits that description to a tee, rather than pay him a projected $4.8MM salary. Jackson again notes that right-hander Dan Straily is available, though Miami isn’t shopping him and would be happy to have him in the rotation in 2019 if a solid offer doesn’t materialize.
- The Braves likely wouldn’t offer Craig Kimbrel more than three years to bring him back to Atlanta, writes Mark Bowman of MLB.com, and even then, the average annual value Kimbrel figures to seek could prove prohibitive. The outfield and the rotation, it seems, are still larger priorities for Atlanta decision-makers. Bowman notes that the Braves have not pursued Adam Jones in free agency despite a clear corner outfield opening, instead citing Nick Markakis as the likeliest free agent for the team to pursue.
Relief Market Notes: Kimbrel, Brach, Axford
With Adam Ottavino leaving the board today, only one of the top nine relievers on MLBTR’s top 50 free agent list — the top member of that group, of course — remains unsigned. That seems to set the stage for the next tier of the relief market to kick into action. Cody Allen, Bud Norris, and Brad Brach all earned placements on our ranking but remain unsigned. Other still-unsigned veteran pen arms warranted honorable mention status: Justin Wilson, Ryan Madson, Oliver Perez, Adam Warren, and Tony Sipp. I recently broke down those and other names that are still available.
Here’s the latest on the relief market:
- The Red Sox are continuing to tamp down expectations of a move to add a closer. As Chris Cotillo of MassLive.com writes, president of baseball operations Dave Dombrowski referred to free agent closer Craig Kimbrel‘s Boston tenure in the past tense in comments today. He also suggested the team feels comfortable with its existing options to handle the ninth inning, naming Matt Barnes, Ryan Brasier, Tyler Thornburg, and Steven Wright as possibilities. Needless to say, that’s an interesting foursome for the defending World Series champs to propose as a slate of Kimbrel successor candidates. If there’s still a chance of a reunion with the all-time great reliever, Dombrowski didn’t hint at it. “Sometimes, you have to evaluate where you’re going to spend your dollars,” he said. “We decided to keep back the rest of the core of the club. We like our team a great deal and we think some of the guys internally can do the job. Can we get better? Perhaps. But we’ll see what takes place.”
- With no future commitments to speak of and a path to contention, the Twins seem to be a team to watch on the market. If nothing else, the club figures to bolster its pitching staff. The aforementioned Brad Brach is among the possible targets, according to LaVelle E. Neal III of the Star Tribune (Twitter link). The Minnesota front office has certainly shown an inclination to limit its risks in free agency, and it stands to reason that Brach will be available for a lesser and shorter commitment than many of the hurlers that have gone off the board already. The 32-year-old had something of a messy 2018 season after a string of productive campaigns, which could make him a nice value proposition.
- Veteran reliever John Axford is making no secret of his desire to return to the Blue Jays for the coming season, as Ben Nicholson-Smith of Sportsnet.ca writes. With his family rooted in Toronto, the Canadian hurler says it’s where he’d like to be. Axford’s pitch is that he’d be a good mentor for a young team — and, perhaps, will again turn into a summer trade asset. There’s certainly an argument to be made that Axford would be a good fit, particularly if he’s again willing to take a minor-league deal. As Nicholson-Smith notes, Axford is delivering plenty of heat with his fastball, and the Jays still appear in need of some pitching depth.
Phillies “Expected” To Make Offer To Bryce Harper Soon
4:45pm: Machado was the Phils’ primary target at one point, per Fancred’s Jon Heyman (Twitter links), but it’s now much more even between him and Harper — if not slightly tilted in Harper’s favor. The Phillies, according to Heyman, are expected to make a formal offer to Harper in the near future.
Even if the Phillies won’t sign both Machado and Harper, Heyman notes that the goal is to sign one and then explore the market for other top free agents like Pollock, Keuchel and Kimbrel. To that end, USA Today’s Bob Nightengale cites team executives with the Phils in tweeting that organization has “visions” of signing the trio of Harper, Keuchel and Kimbrel. Paired with the prior acquisitions of Jean Segura and Andrew McCutchen, among others, that’d obviously be a seismic roster overhaul — the magnitude of which has been virtually unparalleled by any team in recent memory.
Of course, striving to add that trio and actually signing all three are two entirely separate animals, and it remains to be seen how feasible it is that the Phillies could win the bidding on three of the market’s top remaining free agents.
1:00pm: With a surprisingly small number of teams engaged on superstar free agents Bryce Harper and Manny Machado, it has at times seemed as if the big-budget Phillies are the favorites to land both players. Of course, even if the Philadelphia org is the likeliest single team to secure the services of each, that does not mean that it should be expected to come away with a pair of monster deals. Still, the possibility of hooking two free agent trophies has remained tantalizing to consider.
In the course of an interesting breakdown of the current situation, though, Matt Gelb of The Athletic (subscription link) strikes a blow to the idea of the Phillies making successive strikes for both Harper and Machado. The Phils, he reports, have “made this much clear during negotiations: They will not sign both players.”
Certainly, there was never anything approaching an expectation that the Phillies would land both, or even that they’d seriously consider taking on two huge salaries. But it’s still a notable bit of seemingly hard information in a market situation that has remained exceedingly fluid, so far as is known publicly.
As Gelb explains, moreover, that stance is perhaps a notable aspect of the Phillies’ strategy in approaching both Harper and Machado. If the club’s money is only there for one of the two players, that conveys no small amount of leverage. Even if both players would rather end up elsewhere, they surely can’t ignore the presence of the Phils’ ample pocketbooks in navigating a surprisingly barren field of pursuers.
Perhaps the best case scenario for the Philadelphia club would be for one of these two players to jump on a big but palatable offer to join on. Of course, their respective representatives — Scott Boras, for Harper, and Dan Lozano, for Machado — have played this game before. We’ve seen teams emerge from the woodwork in the past to land players of this quality with surprisingly massive contracts. As Gelb rightly suggests, the presence (or absence) of “mystery teams” — whether as active bidders or as conjured by the agents — may go a long way toward influencing the course of negotiations.
Gelb says the Philly club intends to continue exercising confident patience in talks. The situation seems ripe for that approach, though surely the team would be better-situated if Harper or Machado had a stronger personal desire to end up in Philly. Really, there seem only to be a few risks here (beyond those that are inherent to such a major investment, which the team has already largely resolved in favor of action).
Those risks seem manageable. One is simply that the team loses out on the player it prefers to land, which would appear to be Machado. Given that the roster is susceptible of upgrades at both the corner outfield and third base, that’s not a major worry. Another is that it ends up having to pay a bit more by allowing the bidding to get going in earnest. Paying a premium now to forestall that possibility seems unwise, when the Phillies can surely afford to cover a higher price if that ends up being required. (This is the point of the post where I quote owner John Middleton on his willingness to spend “stupid money” this winter.)
Finally, the Phils could end up missing on both players. Gelb says the team is confident it will land one of the two, though surely there’s some possibility that they’ll both head elsewhere. That is perhaps the most concerning outcome, though even then there are alternatives. A.J. Pollock, Dallas Keuchel, and Craig Kimbrel are the leading three alternative remaining free agents; all would be hypothetical fits. And the trade market is all but sure to have some intriguing targets still available, even if it means coughing up more prospect capital than the team might wish. Losing the star power would hurt, but it seems reasonable to think the Phillies could still back-fill the missing talent.
All things considered, there are still many ways in which things could shake out — with both Harper and Machado landing in Philadelphia evidently not among them. Today’s news may not be earth-shattering, but it does cabin the universe of foreseeable outcomes. With hundreds of millions of dollars at stake, in a slow-moving and increasingly tense market setting, it’s a signpost that’s at least worthy of keeping in mind.
Dombrowski: Red Sox “Have Not Anticipated Large Expenditure For A Closer”
The Red Sox have already lost Joe Kelly to the Dodgers via free agency and stand to lose Craig Kimbrel in free agency as well if they don’t make a push to re-sign him in the coming weeks. However, president of baseball operations Dave Dombrowski downplayed the possibility of retaining Kimbrel in an interview with Bob Nightengale of USA Today. “Craig did a great job for us,” said Dombrowski. “He’s a Hall of Fame reliever, but we have not anticipated having a large expenditure for a closer.”
Those words have to be cringe-worthy for Kimbrel and his representatives, as the seven-time All-Star reportedly entered free agency hoping to secure a six-year pact. As of late December, Kimbrel’s camp had dropped the price tag a bit but was still seeking a deal along the lines of the five-year pacts scored by Aroldis Chapman ($86MM) and Kenley Jansen ($80MM) two offseasons ago. As I noted at the time of that report, though, Kimbrel is only three months younger than Chapman and eight months younger than Jansen — meaning he’s over a year older now than were the other two hurlers at the time they signed.
Looking beyond the impact of Dombrowski’s comments on Kimbrel, however, it’s perhaps alarming for Sox fans to hear the team’s top decision-maker suggest that there may not be a bullpen splash of note. Ryan Brasier, Matt Barnes and Heath Hembree are currently in line for work at the back of the Boston ‘pen, and that trio can’t exactly fill fans or the team with confidence.
While Brasier looked sensational as an out-of-the-blue reclamation project in 2018 and Barnes has emerged as a quality setup piece over the past two seasons, the overall bullpen is lacking in experience. Brandon Workman has been solid over the past two seasons but in a smallish sample of 81 innings. Tyler Thornburg was tendered a contract after a pair of injury-ruined campaigns, while lefty Brian Johnson has been steady but unspectacular.
It should be noted, of course, that Dombrowski’s comments certainly don’t indicate that the Sox won’t be making bullpen additions of any kind. But a splash for Kimbrel seems unlikely in the wake of such a public declaration, and second-tier names like Adam Ottavino could also prove steep depending on Dombrowski’s definition of “large expenditure.” It’s worth noting that over at Roster Resource, Jason Martinez projects Boston’s current luxury tax payroll to be at a hefty $239.7MM. Even accounting for a bit of wiggle room, that doesn’t leave Boston with much room if the team hopes to remain south of the top luxury tax penalization bracket.
Of course, there’s also no real reason that the Red Sox should need to remain below that threshold unless ownership makes the curious decision to mandate doing so. The Sox are entering their final season of control over Chris Sale and Xander Bogaerts, and they could see J.D. Martinez opt out of his contract next winter as well. There’s every reason for Boston to put the pedal to the proverbial metal in this instance, even if doing so means taking a hit in the draft for a second consecutive season. (The collective bargaining agreement stipulates that exceeding the luxury threshold by more than $40MM will drop a team’s top pick in the following year’s draft by 10 spots in addition to a 45 percent luxury tax on any dollars over $246MM.)
Perhaps the Sox will find an intriguing option on the trade market or make a shrewd investment or two in the lower tiers of the free-agent market for relievers once the market dries up a bit, but it’s nevertheless puzzling that a team that is so heavily invested in every other area of the roster isn’t taking a more aggressive approach when striving to replace its two most prominent relievers. Of course, it’s also possible that Dombrowski’s comments not only reflect some real hesitation, but also represent an effort to shore up his leverage in negotiations with potential signees.
Fallout From David Robertson Signing
David Robertson chose an unconventional path this offseason as a self-represented free agent, and as a right-hander who holds lefties to a .186/.268/.278 mark, he’s unconventional on the bump as well. It’s not surprising to hear, then, that Gabe Kapler’s plan to deploy him whenever the biggest outs are needed suits him just fine. Unconventional he may be, but he is also a modern reliever in every sense, from his ability to neutralize hitters from both sides of the plate, to his durability in multi-inning outings (23 such appearances since 2017), to his ability to miss bats (11.97 K/9 for his career). Despite the robust resume, Robertson isn’t worried about being used in a traditional closer’s role, so long as he gets important outs on the back-end, writes Scott Lauber of Philadelphia Inquirer. For the Phillies, that makes him a perfect fit in a bullpen that has a few guys capable of locking down the ninth. Per Jim Salisbury of NBC Sports Philadelphia, Seranthony Dominguez and Hector Neris figure to share in those closing responsibilities with Robertson, giving second-year skipper Gabe Kapler the freedom to let situations dictate his bullpen management more so than strict role assignments. Dominguez, 24, slowed in the second half of his rookie campaign but showed tremendous promise overall recording 16 saves and a 2.93 ERA, while Neris, 29, saved 11 games last year while striking out a ridiculous 14.3 batters per nine innings. Neris has earned 39 saves over the last three seasons in Philadelphia. Robertson’s signing reverberates beyond just the ninth inning…
- Kapler’s ongoing modernization of the Philly bullpen makes Craig Kimbrel a somewhat odd fit, considering he is one of the few tried-and-true closers left in the MLB. Where Kimbrel does fit (besides previous Boston or Atlanta), however, is entirely (and unjustifiably) unclear, per Evan Drellich of NBC Sports Boston. Kimbrel’s case is yet another example of the widening gap between players and teams as front offices become increasingly wary of age decline while focusing their efforts (and their payrolls) on value spending. He may not be worth the 6-year, $100MM commitment reported to be the starting ask, but there ought to be more interest for a 30-year-old closer with a proven track record (1.91 ERA, 1.96 FIP, 2.16 xFIP) that is supported by underlying success (14.67 K/9 to 3.46 BB/9, 0.59 HR/9).
- With Robertson in hand and seven out-of-options relievers on their 40-man roster, thinning a now-overcrowded bullpen is next on Philadelphia’s offseason docket, per the Athletic’s Matt Gelb. Veterans Pat Neshek and Tommy Hunter could be the odd men out if the Phils can find a trade partner. Along with the power trio of Robertson, Dominguez, and Neris, recent offseason acquisitions Juan Nicasio (from the Mariners) and Jose Alvarez (from the Angels) would seem to be locks for the pen on Opening Day. Hunter, specifically, was acquired because of his reverse-split ability to retire left-handers, which could now make him vulnerable given Robertson’s skills in the same area. Alvarez, projected to make only $1.7MM this year, would be the easiest to flip, but they probably prefer to move one of their higher-priced expirings like Hunter ($9MM), Nicasio ($9.25MM) or Neshek, who is guaranteed $8.5MM including a buyout for 2020.
- Unless the price for Dallas Keuchel drops significantly, the Phillies seem done shopping for arms, at least until midseason, per Gelb. Aaron Nola and Jake Arrieta head the Philly rotation, but GM Matt Klentak believes in the high floor provided by the depth behind those two, both at the major league level and in Triple A. Nick Pivetta, Vince Velasquez and Zach Eflin round out the rotation, but the renewed health of Jerad Eickhoff provides further flexibility should one of the above trio stumble. Regardless, the Phillies like their current group, and any upgrade would need to be significant. Patrick Corbin provided that kind of upside, but with the former Dback now in Washington, there doesn’t appear to be another available starter the Phils deem worthy of a significant acquisition cost. The next few weeks of free agent hunting figure to focus on the big fish, after which offensive plan B’s or even a reengagement on Kimbrel would likely take precedence over adding another starter.