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Dylan Cease

White Sox, Dylan Cease Avoid Arbitration

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The White Sox avoided arbitration with righty Dylan Cease by agreeing to an $8MM deal, according to Robert Murray of FanSided.

Cease, a client of the Boras Corporation, fell short of our projection in agreeing to a $2.3MM raise over last year’s salary.  As a player with four years of Major League service time, Cease will be eligible for arbitration once more for 2025 before reaching free agency.

Cease, who recently turned 28, had an off-year results-wise in 2023 with his ERA climbing to 4.58.  Still, his 97 starts over the last three seasons leads all of MLB, and he finished second in the 2022 AL Cy Young voting coming off a 2.20 ERA.  Cease averages about 96 miles per hour on his fastball and misses plenty of bats, though he also issues a lot of free passes.

Cease remains one of the top remaining trade candidates of the 2023-24 offseason.  New White Sox GM Chris Getz has been fielding inquiries, and there’s likely at least a half-dozen suitors.  You can read up on the latest Cease rumors here.

At present, though, Cease leads a projected White Sox rotation that also includes new additions Erick Fedde, Mike Soroka, and Chris Flexen, as well as holdover Michael Kopech.

Latest On Dylan Cease

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Dylan Cease remains atop the list of potential trade candidates for teams seeking rotation upgrades this offseason, but White Sox general manager Chris Getz isn’t backing off on his asking price in a trade, writes ESPN’s Jesse Rogers. Other clubs who’ve spoken to the Sox about Cease tell Rogers that the ask has been “multiple” top prospects with additional lower-end talent; the Sox aren’t open to dealing two affordable years of control over their top starter for a package centered around just one top-tier prospect.

That generally aligns with prior reporting that the White Sox asked the Reds for last year’s first-round pick, Rhett Lowder, and top prospects Edwin Arroyo and Connor Phillips in exchange for Cease. Other teams have similarly balked at the idea of parting with so much talent from the top end of their system.

Rogers reports that the Braves approached the Sox and dangled infielder Vaughn Grissom, among others, but were rebuffed. Grissom instead went to the Red Sox in the Chris Sale trade. The Yankees, despite having known interest in Cease, aren’t likely to further deplete their farm after already acquiring Juan Soto (and Alex Verdugo) this offseason, per Rogers — at least not at the current asking price. Outfield prospect Spencer Jones, in particular, seems highly unlikely to be included in any potential deal, he adds. Meanwhile, Jim Bowden of The Athletic writes in his latest mailbag that talks between the Red Sox and White Sox never gained traction, thanks to Chicago’s steep ask.

Despite the lack of traction in talks thus far, Ken Rosenthal of The Athletic said in a Tuesday appearance on Foul Territory that he expects Cease to be moved prior to the season. The demand for starting pitching, as Rosenthal rightly observes, clearly outpaces the supply that’s available in free agency. Beyond that, the asking price on some other pitchers rumored to be available — Jesus Luzardo, in particular — would likely be even greater than the ask for Cease. Luzardo has three years of club control as compared to Cease’s two.

Each of the Red Sox, Orioles, Yankees, Rangers, Angels, Giants, Dodgers and Padres, at the very least, could still use some degree of rotation upgrade. The Cardinals signed three free agents early in the offseason (Sonny Gray, Lance Lynn, Kyle Gibson) but were reported to have interest in Cease even after making that trio of additions.

Getz, unsurprisingly, kept things close to the vest in his public comments yesterday. The newly minted general manager rattled off a series of familiar choruses, noting that Cease would only be moved for the right deal, that there was no urgency to make a swap given his remaining club control, and specifying that the majority of the league has shown at least some level of interest in the right-hander.

Cease is coming off a down season that saw him post a 4.58 ERA with a slightly diminished 27.3% strikeout rate. That’s down only by his lofty standards; he punched out 30.1% of his opponents a year prior while pitching to a sparkling 2.20 ERA that netted him a runner-up finish in American League Cy Young voting.

While last year’s ERA was unsightly, Cease still missed bats at a high level, sat just under 96 mph in terms of average fastball velocity, and notched a well above-average 13.6% swinging-strike rate. He’s also made a full slate of starts in each of the past four seasons, leading the Majors with 109 games started since 2020. Add in that Cease is projected for an eminently affordable $8.8MM salary in arbitration this winter (courtesy of MLBTR contributor Matt Swartz) and is controllable through the 2025 season, and his appeal becomes even more apparent.

Any team to acquire Cease would surely view him as a prime rebound candidate whom they can control for two seasons before recouping some prospect value in the form of a qualifying offer. An extension with Cease always remains a possibility, albeit perhaps a faint one. Clients of the Boras Corporation tend to test the open market, though there are plenty of examples of Boras clients who have instead signed extensions (e.g. Xander Bogaerts, Jose Altuve, Stephen Strasburg, Carlos Gonzalez — among others).

White Sox GM Discusses Rotation, Right Field

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White Sox general manager Chris Getz spoke with reporters today and discussed some of the club’s plans for the rest of the offseason and the upcoming campaign, with Scott Merkin of MLB.com and Daryl Van Schouwen of the Chicago Sun-Times among those to relay the information. Getz acknowledged that Dylan Cease has received plenty of interest from other clubs but said that the Sox won’t trade him unless they feel the deal makes the club better. Elsewhere in the rotation, he said that Garrett Crochet will come into the season preparing to be a starter and that Chris Flexen is expected to be a starter as well. In terms of the lineup, he said that they don’t have an established starting right fielder as of right now and are open to external additions.

Cease, 28, has posted excellent results over the past three years and has been incredibly popular on the trade market in recent months. Teams such as the Yankees, Orioles, Dodgers, Cardinals, Red Sox, Mets, Braves and Reds have all been connected to his market this winter. Some of those clubs have since pivoted to other moves but the rumors around the righty have continued to swirl, with many in the industry still expecting a trade before the start of the season. But from the point of view of the Sox, they don’t feel they have to make a deal. “We’ve had [trade] conversations about Dylan [Cease] but we’re not going to move someone unless there’s a benefit,” Getz said.

The righty is still under club control for two years, so the Sox don’t have to move him immediately if they don’t want to. But his trade value won’t get any higher at this point, making it sensible for them to take the best offer they can get at the moment. By the time the trade deadline rolls around, they will only be marketing a year and a half of his services and the number of suitors might dwindle if some interested clubs fall out of contention. There’s also the ever-present risk of an injury sapping Cease of his trade value.

It was reported back in December that the Sox were being patient with the market, seeing if the interest in Cease picked up after Yoshinobu Yamamoto signed and the clubs that missed on him pivoted. Yamamoto has now signed with the Dodgers, leaving Blake Snell and Jordan Montgomery as the top free agents available but Cease one of the top trade candidates. Pitchers like Corbin Burnes, Shane Bieber and Jesús Luzardo have also been in trade rumors but it’s unclear how open their respective clubs are to offers.

In the case of Cease, the Sox have reportedly been setting a high asking price, which is perhaps why no deal has been consummated as of yet. It was reported last month that the Sox asked the Reds for four of their top prospects, which seemed to put an end to the discussions. The Reds agreed to terms with free agent Frankie Montas on a deal about a week after that report. Whether the Sox will back down from that apparent lofty asking price, or some other club will bite the bullet and meet it, remains to be seen.

The high level of interest and the asking price are both reflections of his immense talent. Over the past three campaigns, he has taken the ball 97 times and produced an earned run average of 3.54 in that time, along with a 29.8% strikeout rate. FanGraphs considered him to be worth a combined 12.6 wins above replacement in those years, the eighth-best tally out of all big league pitchers. His ERA jumped to 4.58 ERA in 2023 but there seems to be little concern about that. His 27.3% strikeout rate was also a couple of ticks below the previous two seasons but he was also held back by his .330 batting average on balls in play and 69.4% strand rate, both of which are on the unlucky side. His 3.72 FIP and 4.10 SIERA suggest he was closer to his previous self than the ERA may indicate.

In addition to his skills, he’s also attractive due to his contractual situation. While frontline starters can secure nine-figure guarantees as free agents, Cease is still in his arbitration years. He is projected by MLBTR contributor Matt Swartz for a salary of $8.8MM and will be due one more raise before he’s slated for free agency after 2025.

Whether the Sox eventually move Cease or not, they will have plenty of question marks in their rotation. Pitchers like Erick Fedde, Michael Kopech, Michael Soroka and Touki Toussaint will be in the mix for jobs but there’s uncertainty with each one of them. Fedde is coming off a tremendous showing in the Korea Baseball Organization but struggled in his MLB career prior to that. Soroka was mediocre in 2023 after missing most of the previous three seasons due to injuries. Kopech and Toussaint have battled significant control problems in their respective careers.

It appears the club is keeping an open mind with their rotation mix, with Crochet set to be built up this year. The lefty has previously expressed an interest in return to a rotation gig and will apparently get some kind of shot in the months to come.

Now 24 years old, Crochet was drafted by the Sox in 2020 and was quickly launched to the majors, making his debut later that same year as a reliever. In 2021, he stuck with the big league bullpen and posted an ERA of 2.82 over 54 appearances. There was some consideration of stretching him out as a starter going into 2022 but he required Tommy John surgery that April and missed the entire campaign. He returned to the Sox last year as a reliever but missed three months of the season due to shoulder inflammation and eventually made just 13 appearances.

Due to his limited workload in recent years, it may not be possible to fully stretch him out in just one season, something Getz acknowledged. Due to the canceled minor leagues in 2020, the Tommy John layoff and then the shoulder troubles, the southpaw has thrown just 73 big league innings over the past four years, as well as another 12 1/3 on rehab assignments in 2023. That would make it difficult for him to suddenly jump to 200 or even 150 innings in 2024, but the club will nonetheless give him some runway to see how it plays out.

“He believes he can be a starter. We’ve seen him be a starter in the past. So we are going to go into spring prepared to stretch him out and we’ll make adjustments along the way if need be,” Getz said. “He hasn’t started in a couple years. So, it’s going to take a little bit of time to appropriately stretch him out. We are going in with the intention for him to be a starter in 2024.” Crochet is eligible for arbitration this winter and is currently slated for free agency after 2026.

Also in the rotation mix will be Flexen, with Getz saying they expect starter’s innings out of him. The righty has worked both as a starter and reliever in recent years, with a disastrous 2023 campaign but better results in the two prior seasons. Over 2021 and 2022, he tossed 317 1/3 innings for the Mariners, with 53 of his 64 appearances coming as a starter. He had a 3.66 ERA in that time, only striking out 16.5% of batters but limiting walks and barrels.

But in 2023, he finished with a 6.86 ERA, splitting his time between the Mariners and Rockies. The Sox decided to overlook that rough showing and gave Flexen a $1.75MM guarantee on a big league deal. Though his performance will ultimately have a bearing on his role, the club appears to be planning on slotting him into the rotation mix.

Turning away from the rotation, Getz also said the club doesn’t have an established right fielder. He mentioned that they have internal options, including non-roster invitees, but that they are looking to make additions. That is a reflection of the poor debut season of Óscar Colás, who was a notable prospect coming into 2023 but struggled badly in his first 75 major league games. He batted .216/.257/.314 in his 263 plate appearances and also received poor grades for his defense. That led to tallies of -1.3 wins above replacement from FanGraphs and -1.5 from Baseball Reference. He still has two option years remaining, allowing the club to keep him in the minors if he doesn’t show signs of significant improvement.

The free agent market still features some notable outfield-capable guys, such as Adam Duvall, Robbie Grossman, Jorge Soler, Tommy Pham, Joc Pederson, David Peralta, Eddie Rosario, Joey Gallo, Whit Merrifield and Randal Grichuk. The trade market could theoretically feature guys such as Randy Arozarena and Max Kepler, though it would be a surprise if a retooling club like the White Sox gave up significant prospects in any deal.

In terms of the internal options who could be battling Colás, Gavin Sheets has had some good hitting results in the past but is coming off a rough season and is considered a poor defender. Brett Phillips was signed to a minor league deal and is a strong defender but weak at the plate. Wynton Bernard and Mark Payton have been signed to minor league deals as well but both of them have less than 70 major league plate appearances. Given those internal options, keeping an eye out for upgrades makes sense, whether that’s a free agent signing, a trade or even just a waiver claim.

Latest On Yankees’ Starting Pitching Pursuits

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The Yankees are well-established as seeking an arm to pair with ace Gerrit Cole at the front of their rotation. For much of the offseason, the club had their sights set on NPB star Yoshinobu Yamamoto, though they’ve had to shift gears in the aftermath of the right-hander’s decision to sign with the Dodgers last month. The club has seemingly stepped those pursuits up recently as recent reports have connected the club to both right-hander Dylan Cease via trade and southpaw Blake Snell in free agency. Jon Heyman of the New York Post provided an update on the club’s pitching pursuits recently, noting that “there’s a belief” within the organization that the club will be successful in adding a front-of-the-rotation arm before the season begins. Heyman adds that club chairman Hal Steinbrenner is “on board” with the idea of making a significant addition to the rotation, suggesting a willingness on the side of ownership to spend on rotation improvements.

Of course, commitment to adding a front-of-the-rotation starter and actually doing so are two different things, and Heyman reports that the club has continued to engage with Snell in free agency, though there’s a notable gap between the sides in negotiations. The same goes for left-hander Jordan Montgomery, though Heyman notes that the Yankees believe they have a better shot of signing Snell among the two southpaws. Montgomery, of course, was drafted by the Yankees in the fourth round of the 2014 draft and spent six and a half seasons in the Bronx before being shipped to St. Louis at the 2022 trade deadline.

Heyman suggests that Montgomery may prefer to return to the Rangers this offseason after winning the World Series with the club last year. Even if that’s the case, however, it’s worth noting that Texas’s front office has indicated the club doesn’t have much room in the budget for significant additions. That could pose a major roadblock to a Montgomery reunion in Arlington, as Joel Sherman of the New York Post recently reported that the left-hander is seeking a contract that would surpass the $172MM Aaron Nola re-signed in Philadelphia for back in November. That ask still positions him as cheaper than Snell, who Sherman notes is believed to be seeking more than $200MM this winter.

As for Cease, Heyman notes that the White Sox and Yankees face a “serious gap” in negotiations, with Yankees brass uncertain whether or not Chicago truly plans to move Cease before the beginning of the season and Heyman noting they’d face in uphill battle in outbidding other potential suitors like the Reds and Orioles for the righty’s services. With that being said, Cease isn’t the only player the Yankees are looking into on the trade market. Heyman reports that the club has discussed a trade with the Marlins as the club fields interest on lefties Jesus Luzardo, Trevor Rogers, and Braxton Garrett as well as right-hander Edward Cabrera, though he adds that those sides don’t appear to be close on a deal, either.

Even so, the Marlins could prove to be a cleaner fit as a trade partner for the Yankees than the White Sox. Miami has a clear need for a starting shortstop as things stand; the club currently has utilityman Jon Berti penciled into the everyday shortstop role with the likes of Vidal Brujan and Xavier Edwards as potential depth options. New York, meanwhile, has plenty of depth in the middle infield, where 2023’s double play duo of Anthony Volpe and Gleyber Torres figure to block youngster Oswald Peraza from regular playing time in the majors. While the Yankees were recently granted additional flexibility in how they handle Peraza via a fourth option year on the slick-fielding infielder, the 23-year-old could make plenty of sense as the centerpiece of a package that lands the Yankees a quality rotation piece.

However the Yankees end up addressing their rotation woes, it’s clear that the club needs to make an addition. Each of Michael King, Jhony Brito, Randy Vasquez, Luis Severino, and Domingo German have parted ways with the club this offseason by way of either trade or free agency, severely hampering the club’s rotation depth. While Cole provides the club with a reliable, innings-eating ace at the front-of-the-rotation, both Carlos Rodon and Nestor Cortes are coming off 2023 season hampered by injuries and ineffectiveness. Clarke Schmidt’s first season as a regular member of the starting rotation saw him perform on the level of a back-end starter, but without an external addition the club’s final rotation spot would go to an unproven arm such as Clayton Beeter or Luis Gil.

Mets Showing Interest In Various Starting Pitchers

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The Mets are interested in rotation upgrades and appear to be casting a wide net in that search. Jon Heyman of The New York Post lists Hyun Jin Ryu, Sean Manaea and Shota Imanaga as pitchers they are considering. A report from Joel Sherman of The New York Post echoes those names while also adding Dylan Cease and Brandon Woodruff to the list.

The club has already made a couple of moves to bolster a rotation that has changed a lot in the past year. Max Scherzer and Justin Verlander were traded at last year’s deadline, then Carlos Carrasco reached free agency. The depth also took a hit when it was reported that David Peterson required hip surgery that would prevent him from being with the club at the start of the upcoming season.

That left Kodai Senga and José Quintana as the two leading incumbents at the start of the offseason, with pitchers like Tylor Megill and Joey Lucchesi also on hand as options. The Mets have signed since Luis Severino to a one-year deal and acquired Adrian Houser in a trade with the Brewers. Those two likely push Megill and Lucchesi into a battle for the fifth spot in the rotation, but Sherman relays that the club would like to add one more arm and push those two further into depth roles. Both pitchers are still optionable and don’t need to be on the active roster if the pitching staff if strengthened.

New president of baseball operations David Stearns is plenty familiar with Woodruff from his time in Milwaukee. He would be more of a long-term play though, unlikely to help the 2024 club too much. He underwent shoulder surgery in October and is slated to miss most of the upcoming campaign, which led the Brewers to non-tender him. But with the Mets looking at 2024 as a sort of transition year with an eye towards more aggressive contention in 2025, perhaps the two sides can line up on some kind of two-year deal. That would allow Woodruff to bank some money while rehabbing and then give the Mets the upside of bolstering their club next year.

If Woodruff can overcome his shoulder woes and return to his previous form, he would upgrade any rotation in the league. He has a career earned run average of 3.10 in 680 1/3 innings dating back to his 2017 debut. He has struck out 28.9% of batters faced in that time while walking just 6.5% of them and keeping 42.8% of balls in play on the ground. Health has been a bit of an ongoing issue, as he’s never been able to throw 180 innings in a big league season, but the results on a rate basis have clearly been excellent.

As for Cease, his ERA flared up to 4.58 in 2023 but his peripherals were still above average, including a 27.3% strikeout rate and 13.6% swinging strike rate. Over the past three years, he has made 97 starts with a 3.54 ERA and 29.8% strikeout rate. He tallied 12.6 wins above replacement over those three seasons, according to FanGraphs, which puts him eighth on the pitching leaderboard for that stretch.

He’s projected by MLBTR contributor Matt Swartz for a salary of $8.8MM this year and will be due one more raise before becoming a free agent after 2025. That means he will be paid way less than a pitcher of similar skill who is looking for a free agent deal, but it also means the White Sox are setting a very high asking price. It was reported last month that they asked the Reds for four of that club’s top prospects in exchange for Cease. The Reds seem to have given up on the pursuit, signing Frankie Montas instead.

For the Mets, giving up a significant prospect package like that would be a surprise. They have been open about their desire to build a strong prospect pipeline in order to ensure continuous contention and have been even more focused on the long-term plan this offseason. Though Sherman says the Mets continue to check in with the White Sox, the Mets aren’t considered as likely to land him as a team flush with prospects like the Orioles.

Ryu, 37 in March, would line up with the club’s offseason M.O., as they have given out one-year deals to Severino, Harrison Bader, Joey Wendle, Jorge López, Austin Adams and Michael Tonkin. It appears to be a strategy of spreading money around and improving depth while not committing any future money. It’s also possible that any player in this batch who plays well will end up on the trading block if the Mets are out of contention a few months from now.

Given Ryu’s age and recent health history, he is likely looking at a one-year deal as well. He missed most of 2022 recovering from Tommy John surgery, though he did return last year and toss 52 innings for the Blue Jays with a 3.46 ERA. His 17% strikeout rate was below average but he limited walks to a 6.3% rate and kept 45.6% of balls in play on the ground. He may have been a bit lucky to keep as many runs from scoring as he did, given his .272 batting average on balls in play and 77.6% strand rate. ERA estimators such as his 4.91 FIP and 4.69 SIERA weren’t as enthused with his performance. On the other hand, perhaps he could shake off some more rust and have better results this year now that he’s further removed from his surgery. As recently as 2020, he finished in the top three in American League Cy Young voting.

Manaea, 32 in February, is coming off a couple of shaky years in terms of results. He has been a solid mid-rotation option in his career but his ERA jumped to 4.96 in 2022 and was at 4.44 last year. Digging into his most recent campaign provides more reason for optimism, something recently explored here at MLBTR. Notably, Manaea added a sweeper to his arsenal in late May and had significantly better results, 6.61 ERA before and 3.60 ERA after adding that pitch. At the start of the offseason, MLBTR predicted Manaea could land a two-year, $22MM deal this winter.

As for Imanaga, he stands out from the other names on this list as he seems slated for a far more lengthy commitment, though the Mets have been connected to him in the past. MLBTR predicted he could land a five-year, $85MM contract, but with recent reporting suggesting he has enough interest to push past $100MM. Sherman throws a bit of cold water on that today, however, suggesting there are concerns around a 2020 shoulder surgery and also how his tendency to work up in the zone might make him homer prone in the majors.

If the market drops, perhaps the Mets will sense an opportunity to bolster their long-term rotation outlook, in contrast to their other moves this winter. Quintana, Severino and Houser are all set to be free agents after 2024, so they have very little rotation certainty going forward. The 30-year-old Imanaga has a 3.18 ERA in his NPB career and just posted a 2.80 mark in 2023. In addition to the Mets, he’s had interest from clubs like the Red Sox, Giants, Yankees and Cubs, though Patrick Mooney of The Athletic reported today that the Cubs aren’t seen as a likely landing spot for the lefty. Imanaga’s posting period end on January 11, giving him less than a week to get a deal done.

Yankees Interested In Dylan Cease

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The Yankees were connected yesterday to free agent Blake Snell but it appears they are exploring the trade market as well. Ken Rosenthal of The Athletic reports that the Yankees, and the Orioles, have “sincere” interest in Dylan Cease. The O’s were previously connected to Cease and Roch Kubatko of MASNsports.com reported earlier this week that they “remain engaged” with the White Sox. Rosenthal adds that the Dodgers, Cardinals and Red Sox, all previously reported to have interest in Cease, are possibly still in the mix, with other clubs perhaps involved as well. The Braves and the Reds, who once had interest in Cease, appear to have moved on to other targets with Atlanta trading for Chris Sale and the Reds signing Frankie Montas and Nick Martínez.

Rumors have been flying around Cease all winter but he remains on the White Sox for now. About a month ago, it was reported that the White Sox were “pulling back” on the Cease talks. That wasn’t to take him off the market, but rather that the Sox wanted to wait until Yoshinobu Yamamoto signed to find out if clubs that missed on him would pivot to Cease as a fallback.

With the interest from the Yankees, that would appear to be exactly the case. They were one of the clubs that was heavily connected to Yamamoto before he signed with the Dodgers, leaving the Yanks looking elsewhere. They have considered Snell as well as free agent Jordan Montgomery but are checking in on Cease as well.

For the Yanks, they have Gerrit Cole cemented into the top spot of their rotation but things get less clear after that. Carlos Rodón and Nestor Cortes have the potential to be excellent contributors but both of them struggled badly in 2023, both with injuries and poor performance. Clarke Schmidt will likely be in the mix towards the back of the rotation, but the club subtracted from its depth in the Juan Soto trade, as Michael King, Drew Thorpe, Jhony Brito and Randy Vásquez are all Padres now. Adding another starting pitcher, and having Rodón and Cortes bounce back a bit, would give the club a very strong front four, with Schmidt likely in the five spot and pitchers like Clayton Beeter, Yoendrys Gómez, Luis Gil and Will Warren providing the depth.

Cease would upgrade any rotation in the league, despite a relative down year in 2023. He had a 2.20 earned run average in 2022 but that figure jumped to 4.58 last year, though his underlying numbers paint a less drastic picture. His 2022 success wasn’t likely to be sustainable anyway, given his .260 batting average on balls in play and 82.3% strand rate, both of which are on the lucky side. Those numbers moved to .330 and 69.4% in 2023, pushing some extra runs across. His strikeout and swinging strike rates did tick down slightly but were both still well above average. His 3.10 FIP in 2022 jumped to 3.72 in 2023, suggesting a far less concerning shift, while his SIERA went from 3.48 to 4.10.

Looking at the past three years as a whole evens out some of that luck and paints and an incredibly flattering portrait. He’s made 97 starts since the start of 2021 with a 3.54 ERA and 29.8% strikeout rate. The 10.1% walk rate is on the high side but his 12.6 wins above replacement from FanGraphs in that time puts him eighth among all MLB pitchers.

His appeal goes beyond his skills, as his earning power is still capped by the arbitration system. MLBTR contributor Matt Swartz projects Cease for a salary of $8.8MM this year and he will be due a raise in 2025 before reaching free agency.

The Yankees currently have a competitive balance tax figure of $290MM, according to Roster Resource. They are set to pay the tax for a third straight year in 2024, which sets them up for escalating penalties. They are already above the third tier of $277MM and nearing the fourth and final tier of $297MM. That means they are facing a tax rate of 95% on current spending until they go over the last line and then have a 110% rate on spending from there.

Signing a player like Snell or Montgomery would likely require the Yanks to give out a salary of around $25MM or more, with the taxes effectively doubling that. Given that Cease will be making around a third of that salary figure, that would obviously make him more attractive.

But the flip side of that equation is that Cease will also require sending something to the White Sox in return, likely a very significant package of talented young players. The Yanks just sent away a big batch of young pitchers in the Soto deal and may be reluctant to make another sizable dent in their talent pipeline. As for what the Sox would be looking for, Rosenthal says they are “staying open-minded” and “not necessarily inclined to favor a team that could include major-league-ready pitching.”

With the O’s also having “sincere” interest, they might have an edge on the Yankees in terms of having the talent to get a deal done. Despite constantly graduating prospects to the major league level in recent years, they are still considered to have the top farm system in the league by many evaluators. Jackson Holliday is almost certainly untouchable but the club also has guys like Colton Cowser, Coby Mayo, Jordan Westburg, Samuel Basallo, Heston Kjerstad and Joey Ortiz without enough open positions for all of them.

The club has also shown a bias against bold moves, both in the trade market and free agency, which is why they have that loaded farm system and almost no money on the books. If they decide now is the time to strike, Cease would fit nicely into a rotation with lots of talent but limited experience. Kyle Bradish and Grayson Rodriguez are at the top of the rotation for now, after each showed encouraging signs in 2023, but Bradish has less than two full years in the big leagues and Rodriguez less than one. Then there’s John Means, who has hardly pitched in the last two years due to Tommy John surgery, and guys like Dean Kremer and Cole Irvin options for the back end.

As mentioned, clubs like the Dodgers, Cardinals and Red Sox may still be involved and that might not even be the extent of the market. But with Yamamoto off the board, it seems the pitching market is broadly heating up and a Cease trade could happen at any time now.

Details On Dylan Cease Trade Talks Between White Sox, Reds

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There hasn’t been much on the Dylan Cease front since early December, when reports suggested that the White Sox were going to wait until the free agent pitching market had become a bit clearer before again weighing offers for the right-hander.  The Reds were known to be one of the clubs interested in Cease, though 670 The Score’s Bruce Levine reported that the Sox had asked for a four-player trade package — pitching prospects Rhett Lowder and Chase Petty, as well as two position-player prospects.

Jason Williams of the Cincinnati Enquirer sheds some more light on Chicago’s demands, writing that the White Sox wanted Lowder, Edwin Arroyo, Connor Phillips, “and at least one more prospect.”  This could mean that the Sox wanted a five-player return, with Petty and an unknown position player comprising the other two names involved. MLB Pipeline ranks Lowder, Arroyo, and Phillips within the top 68 prospects in all of baseball, while Lowder (45th) and Phillips (86th) also ranked within Baseball America’s last top 100 ranking from September.

New White Sox GM Chris Getz has been open about the fact that he is willing to discuss any player on his team’s roster in trade negotiations, though some obviously come at a much higher price tag than others.  Luis Robert Jr. may be the only player close to truly untouchable, and Cease might not be far off, though the two have differing levels of team control.  Robert’s contract contains two club options that control his services through the 2027 season, while Cease has only two more years of arbitration eligibility remaining before he can hit free agency in the 2025-26 offseason.

Still, two years of a frontline pitcher like Cease is still quite an asset — either for a White Sox team trying to get on track after a disastrous season, or as a trade chip the Sox can use to reload the roster for both now and the future.  The Reds are a natural trade partner on paper, given how Cincinnati is in sore need of pitching help and is also deep in position-player prospects.  Cincinnati was known to have interest in Chicago’s pitching even prior to the All-Star break, so it is safe to assume Cease has been on the Reds’ radar for a while, at least in some fashion.

Because the White Sox are known to be targeting pitching, however, the Sox and Reds might not quite line up as smoothly on a Cease trade as it might seem.  Obviously any team would be hesitant about moving three of its top-rated pitching prospects, and in particular, the Reds would be wary about cleaning out their pitching assets when they have so much of an surplus in another area (the infield) in their farm system.  Speculatively speaking, the Reds might be more willing to consider a package of Arroyo, another position player, and one pitcher for Cease, yet it isn’t surprising why Cincinnati would balk at moving at least two of Phillips, Lowder, and Petty on top of what is already a substantial return of infield talent.

There isn’t really any harm in aiming high, of course, as Getz has plenty of offseason left to continue to explore other potential trade packages involving Cease.  The fact that the Dodgers have already nabbed two of the top free agent (Yoshinobu Yamamoto) and trade (Tyler Glasnow) targets on the market has left a lot of other teams still in sore need of rotation help, so it certainly seems possible that Cease might be wearing another uniform by Opening Day.

It is also too early to rule the Reds out of any further Cease talks, even if that rumored four-for-one or five-for-one seems like a bridge too far.  Cincinnati has been aggressive in adding to its rotation and bullpen by signing Nick Martinez and Emilio Pagan, and bolstered its infield picture even further by signing Jeimer Candelario.  The addition of Candelario seemingly makes it more likely that the Reds could move an infielder in some manner of trade, whether for Cease or another pitcher.

Latest On Dylan Cease

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6:10PM: Per a report from Jon Heyman of The New York Post, rival clubs have indicated that the White Sox are “pulling back” in negotiations regarding Cease. Heyman goes on to suggest that there’s a good chance Cease is still dealt at some point this offseason, and that Chicago is likely waiting to see which Yamamoto suitors miss out on the NPB ace before reengaging in discussions on their prized right-hander.

1:23PM: White Sox righty Dylan Cease has been one of the most oft-discussed names at this week’s Winter Meetings, but Chicago’s asking price on the right-hander remains quite high and — at least to this point — prohibitive. Bruce Levine of 670 The Score reports that the Sox asked the Reds for pitching prospects Rhett Lowder and Chase Petty in addition to two position-player prospects, for instance. Lowder was the No. 7 overall pick in the 2023 draft and currently ranks as baseball’s No. 45 prospect at Baseball America. Petty is the former first-rounder the Reds acquired from the Twins in their 2022 Sonny Gray trade.

Given the lofty ask, it’s not especially surprising that Ken Rosenthal of The Athletic casts doubt on whether Cincinnati would actually meet Chicago’s demand in the end. Gordon Wittenmyer of the Cincinnati Enquirer adds that the Reds have also inquired on Guardians righty Shane Bieber and Rays righty Tyler Glasnow, but they’re somewhat wary of the recent health issues for both. That’s not an issue with the durable Cease, who’s started more games than any pitcher in baseball over the past four seasons.

The Reds, of course, are far from the only team interested in acquiring Cease, who’s drawn interest from the Braves, Orioles and Cardinals (even after their trio of free agent signings), among others. The Dodgers were also linked to Cease last month, and Russell Dorsey of Bally Sports reports that even as L.A. has aggressively courted Shohei Ohtani and Yoshinobu Yamamoto, they’ve also been actively involved in Cease talks throughout the Winter Meetings.

Dorsey adds that the Sox have been eyeing pitching in return packages for Cease, but the Dodgers aren’t willing to include young right-hander Bobby Miller in a potential package for Cease. Los Angeles has plenty of other arms to dangle, but Miller posted a 3.76 ERA with impressive strikeout and walk rates in 124 1/3 innings for the Dodgers as a rookie this past season. Miller entered the 2023 season as one of the game’s top-ranked prospects, and between that prospect billing and his strong debut effort, it’s wholly unsurprising that the Dodgers aren’t inclined to move him in a deal for Cease (or, likely, for just about any potential trade target).

Both the Reds and Dodgers stand as natural trade partners for Cease. Cincinnati has plenty of young talent (e.g. Hunter Greene, Andrew Abbott, Nick Lodolo, Brandon Williamson, Graham Ashcraft) but is lacking in more established big leaguers beyond the recently signed Nick Martinez. The Dodgers, meanwhile, will have Walker Buehler on an innings limit in his first full season back from his second career Tommy John surgery. Clayton Kershaw is a free agent and will miss at least half the 2024 season after undergoing shoulder surgery. Dustin May (flexor surgery, Tommy John revision) and Tony Gonsolin (Tommy John surgery) are also expected to miss some or all of the ’24 campaign.

Cease, 27, is projected by MLBTR contributor Matt Swartz to earn $8.8MM in 2024 and is controllable via arbitration through the 2025 season. He finished second in American League Cy Young voting to Justin Verlander after notching 184 innings of 2.20 ERA ball with a 30.4% strikeout rate against a 10.4% walk rate. The 2023 season saw Cease’s ERA more than double to 4.58, but his strikeout rate (27.4%) remained strong and his 10.1% walk rate was right in line with the prior season. He lost about a mile per hour off his fastball and allowed more hard contact in previous seasons, with his home run rate and average on balls in play both increasing substantially.

Down year notwithstanding, Cease is among the most talented pitchers on the trade market and rival teams are surely intrigued by the idea of a change of scenery that gets him out of the White Sox’ homer-friendly stadium and away from their porous defense. As far as high-end arms on the trade market, he’s also one of very few available with multiple seasons of club control. Each of Bieber, Glasnow and perhaps Corbin Burnes is available for the right offer, but all three members of that trio will reach free agency following the 2024 campaign.

Reds Have Discussed Dylan Cease Trade With White Sox

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The Reds have engaged in conversations with the White Sox regarding right-hander Dylan Cease this offseason, per Gordon Wittenmyer of The Cincinnati Enquirer. Cease, 28 this month, has been among the most discussed trade targets of the offseason to this point, with Chicago GM Chris Getz suggesting yesterday that there’s no club in the majors without at least some level of interest in the right-hander’s services. Wittenmyer goes on to caution that “nothing concrete” has developed from the discussions between the sides at this point.

The fit certainly makes sense for the Reds. The right-hander is coming off something of a down season in 2023 during which he posted a fairly pedestrian 4.58 ERA, though his 3.72 FIP, elevated .330 BABIP, and unusually low 69.4% strand rate all indicate there may have been some bad luck baked into those results. The idea that Cease may be closer to a front-of-the-rotation arm than his 2023 results indicate is backed up by his phenomenal 2022 campaign, during which he posted a sterling 2.20 ERA with a 3.10 FIP while striking out a whopping 30.4% of batters faced. Overall, Cease has pitched to a 3.54 ERA (121 ERA+) with a 3.40 FIP in 97 starts since the start of the 2021 season, striking out 29.8% of batters faced while walking 10.1% along the way.

That sort of playoff-caliber starter would provide a major boost to a Reds club that struggled to a rotation ERA of 5.43 this year, bottom three in the majors ahead of only Oakland and Colorado. The club’s situation isn’t quite as dire as that figure may make it seem; the club has an interesting group of young starters headlined by Hunter Greene and Andrew Abbott that also includes the likes of Graham Ashcraft, Nick Lodolo, Brandon Williamson, and Connor Phillips. The club also recently landed right-hander Nick Martinez on a two-year deal last week, fortifying their rotation depth. That being said, the group offers little certainty aside from Greene, and the addition of a frontline starter such as Cease would take pressure off the club’s younger arms as they look to establish themselves as big league starters.

Cease is far from the only arm the club has looked into who could fill this role. Cincinnati has reportedly discussed a deal for right-hander Shane Bieber with the Guardians while also showing interest in Rays righty Tyler Glasnow. While Cease figures to cost more in terms of prospect capital more than either of those two alternatives, he’s the only one of the trio controllable beyond the 2024 campaign. He also figures to be the cheapest to acquire from a financial perspective, as Cease is projected by MLBTR contributor Matt Swartz to received just $8.8MM in his penultimate trip through arbitration. By contrast, Bieber is projected for a $12.2MM salary in 2024 while Glasnow’s salary for next season is locked in at $25MM.

The Reds are far from the only team engaged on Cease. While Getz’s remark that all 29 other clubs have interest in Cease’s services is surely at least somewhat hyperbolic, the right-hander has garnered plenty of interest this winter with the Dodgers, Cardinals, Mets, Orioles, and Red Sox among the clubs to show interest in the hurler so far this offseason. The Braves have also been connected to Cease frequently over the past several weeks, though more recent reports have downplayed the club’s interest. Even so, the market for Cease is clearly robust, and there have been indications that a deal for the righty may not come together until the top of the rotation market- which includes the likes of Yoshinobu Yamamoto and Blake Snell– has been sorted out.

Cease is not the only player Wittenmyer suggests the Reds have interest in, as he also connects the club to infielder Jeimer Candelario. That the Reds have interest in Candelario’s services is nothing new, as the sides were linked last month at the outset of free agency. At the time, it seemed likely that the club’s interest in Candelario may have been predicated on a trade from the club’s glut of infielders that already includes Elly De La Cruz, Noelvi Marte, Matt McLain, Christian Encarnacion-Strand, Jonathan India, and Spencer Steer. While such a deal has not yet materialized, it seems possible the club’s plans may not be so simple. While not discussing the switch-hitting Candelario specifically, Krall told reporters (as relayed by Wittenmyer) recently that the club “could add a switch-hitter that plays the infield” to their positional mix, with such a move allowing the Reds to “push Steer to the outfield more” often.

Candelario, 30, would add some balance to the club’s righty-dominated infield mix. Only De La Cruz (a fellow switch-hitter) ever bats from the left side among Cincinnati’s bevy of young infielders, though lefties TJ Friedl and Jake Fraley both help to balance the overall lineup somewhat as members of the club’s outfield mix. Candelario, who hit .251/.336/.471 overall last season with the Nationals and Cubs, could be in line of a three- or four-year deal this offseason according to Wittenmyer. That’s in line with MLBTR’s prediction of a four-year, $70MM deal that earned Candelario the #13 spot on our annual Top 50 MLB free agents list.

The Angels, Diamondbacks, Blue Jays and Nationals are among the other clubs Candelario has been connected to this offseason, though it’s worth noting that Arizona subsequently landed Eugenio Suarez in a trade with the Mariners, likely taking them out of the sweepstakes for the third baseman. Despite that interest, Wittenmyer suggests that Candelario’s market, like that of many upper-level positional free agents, has been held up by the bidding on two-way superstar Shohei Ohtani. Ohtani has commanded the attention of big-market clubs such as the Jays, Angels, Dodgers, Cubs and Giants to this point in the offseason, and as such it’s hardly a surprise that the league’s other top free agent hitters prefer to wait out Ohtani’s free agency in case one of those teams looks to pivot after missing out on the superstar.

White Sox GM Downplays Possibility Of Luis Robert Trade

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The primary focus around the White Sox’ offseason at present is their ongoing slate of trade negotiations surrounding righty Dylan Cease, the 2022 AL Cy Young runner-up. Rookie ChiSox GM Chris Getz said last month that there are no players on the roster that he deems untouchable, Cease included, but he continues to describe center fielder Luis Robert Jr. differently that others on his roster.

Getz openly acknowledged widespread interest in Cease yesterday (link via Scott Merkin of MLB.com), noting that there’s no club in MLB that “doesn’t have a level of interest” before eventually adding that Cease is “right at the top” of the offseason market for starting pitching. On Robert, however, Getz understandably struck a different tone.

“Luis Robert is a very difficult player to move and expect that your club is going to get better because of it,” said Getz. “We’re talking about one of the best players in baseball, and we’re very fortunate to have him with the Chicago White Sox. So I have a tough time seeing him wearing another uniform next year.”

Getz again sidestepped the type of firm denial his Anaheim counterpart, Perry Minasian, put forth today on former AL MVP Mike Trout. But Getz also continues to characterize Robert as someone who’s all but assured of staying put on Chicago’s South Side. The reasoning isn’t hard to see. While the Sox are coming off a disastrous 101-loss season, Robert was nothing short of sensational i 2023, hitting .264/.315/.548 with 38 home runs, 36 doubles, 20 steals (in 24 tries) and plus defense in center field. Had the White Sox not been all but eliminated from contention by the end of April, Robert quite likely would’ve found himself on more MVP ballots. (He finished 12th as it is.)

Beyond Robert’s general excellence on the field, he’s also just 26 years old and is signed for another two seasons with two subsequent club options thereafter. In all, he can be controlled through the 2027 season at a combined total of $67.5MM. That type of commitment over a four-year term from a prime-aged center fielder with an MVP-caliber ceiling is a staggering bargain — particularly when the last two seasons aren’t even guaranteed (thus affording the team an eject option if Robert incurs a significant injury).

Ultimately, a trade feels decidedly unlikely. We haven’t seen an established player with this level of affordable contract/team control traded in some time; Juan Soto might be the best recent comparison, but he had just two and a half seasons of control remaining and was expected to earn more than Robert over the course of his remaining control as a player going year-to-year through arbitration (with enormous counting stats).

Once Shohei Ohtani and other top free agents are off the board (ditto Juan Soto and other prominent trade candidates), clubs who miss out on those top targets could well circle back to the White Sox and Robert. However, the type of farm-depleting haul that Robert would command is probably one from which nearly any of Getz’s peers would shy away.

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