Looking For A Match In A Dylan Cease Trade
After a brutal 2023 season that saw the White Sox lose 101 games and finish fourth in a weak AL Central division, change is in the air on Chicago’s south side. Newly-minted GM Chris Getz made clear earlier this month that the club is operating with no untouchables on the roster. While there’s plenty of players on the White Sox roster who could garner interest in trade, including center fielder Luis Robert Jr. and DH Eloy Jimenez, perhaps the most discussed among those names is right-hander Dylan Cease, who the club reportedly fielded calls on ahead of this year’s trade deadline.
While no deal came together back then, it’s Cease is certainly still an attractive potential trade candidate for clubs in need of a rotation upgrade. While Cease struggled badly over the last two months of the 2023 as his ERA ballooned to 4.58 on the season, the underlying metrics surrounding Cease’s performance provide more reason for optimism. After all, his 27.3% strikeout rate this season left him tied with Mariners ace Luis Castillo for the eighth-highest figure in the majors this year among qualified starters, just ahead of front-of-the-rotation starters like Gerrit Cole and Zack Wheeler.
While his 10.1% walk rate certainly left something to be desired, Cease’s strand rate of just 69.4% can’t be ignored as a contributing factor to his struggles in 2023. Only four pitchers (Jordan Lyles, Aaron Nola, Lance Lynn, and Miles Mikolas) had a higher percentage of their batters come around to score than Cease this season. If the sequencing of Cease’s baserunners had produced a strand rate more in line with his career mark of 74.6%, it’s reasonable to think Cease would have been far more productive in 2023, and could be in line for better fortunes in 2024.
Even accounting for his difficult 2023 season, Cease has been one of the league’s most impressive starters over the past three seasons. Since the start of the 2021 season, Cease leads all pitchers with 97 games started and clocks in at 15th with 526 2/3 innings of work over that time. Between that volume of work and Cease’s strong production (3.54 ERA, 3.40 FIP), only seven pitchers have produced more fWAR than Cease over the past three seasons: Wheeler, Cole, Nola, Kevin Gausman, Corbin Burnes, Logan Webb, and Sandy Alcantara. In addition to being a part of that elite company, Cease won’t be a free agent until after the 2025 campaign and is projected for a salary of just $8.8MM by MLBTR’s Matt Swartz next season, making him an affordable addition for even small-market clubs looking to add a front-of-the-rotation arm.
Given Cease’s affordability and multiple years of control, he figures to be an attractive alternative to an expensive multi-year deal for a front-end arm like Nola, Blake Snell, or Jordan Montgomery this offseason, particularly for clubs with significant budgetary restrictions. He’s certainly not a fit for every club, however. The A’s, Royals, Angels, Rockies and Nationals are all unlikely to contend during Cease’s remaining window of control, while some up-and-coming clubs like the Marlins, Guardians, Tigers, and Pirates have far more pressing needs on their roster that seem likely to take priority over adding a win-soon, front-end arm like Cease.
The Blue Jays, Mariners, and Brewers, meanwhile, are all teams that contended in 2023 but are much more in need of lineup upgrades than an arm to bolster the rotation, making them likely to pursue upgrades elsewhere. While teams like the Cubs, Twins, and Mets are all decent fits, the unlikelihood of a White Sox blockbuster with a division or crosstown rival (particularly the same one they acquired Cease from in 2017) and the Mets’ uncertain timeline for competitiveness make them less likely to land Cease as well, particularly in what could be such a crowded field of potential suitors. That still leaves 14 clubs that could at least plausibly have considerable interest in Cease’s services this offseason. A look at each of those teams…
Best Fits:
- Braves: The Braves and White Sox have already gotten together on one fairly significant trade this offseason, and could make plenty of sense to do so again. With Kyle Wright out for the 2024 season and subsequently shipped off to Kansas City, the Braves are looking somewhat thin in the rotation with little certainty behind a front three of Max Fried, Spencer Strider, and Charlie Morton. An acquisition of Cease could take pressure off Morton as he enters his age-40 campaign as well as youngsters like Bryce Elder and AJ Smith-Shawver. Meanwhile, young infielder Vaughn Grissom is blocked by Ozzie Albies and Orlando Arcia up the middle in Atlanta but could immediately step into an everyday role at second base for the White Sox in 2024.
- Cardinals: The Cardinals have made it clear they’re on the hunt for starting pitching this offseason, and swinging a deal for Cease could allow them to add a quality arm at a price that wouldn’t take them out of the running for an additional arm in free agency like Nola or Sonny Gray. Meanwhile, the Cardinals have a bevy of big-league ready talent blocked at the major league level they could deal from, ranging from catching prospect Ivan Herrera to reclamation outfielder Dylan Carlson.
- Diamondbacks: The reigning NL champs could certainly do with an upgrade to their rotation in 2024, which features little certainty beyond Zac Gallen and Merrill Kelly. Brandon Pfaadt showed flashes of untapped potential as the club’s third starter throughout the playoffs, but after posting a 5.72 ERA in 19 regular season appearances seems best suited to a back-end role until he can prove himself further. Though the Diamondbacks have shown interest in top-of-the-market NPB ace Yoshinobu Yamamoto, the club has given out just one nine-figure contract in its history. Cease would offer Arizona a far more affordable option to pair with Gallen at the top of the rotation, and could offer a young bat like outfielder Alek Thomas as a potential centerpiece for the deal.
- Dodgers: The Dodgers are in desperate need of rotation reinforcements with sophomore right-hander Bobby Miller and Walker Buehler in his first season post-Tommy John surgery as the club’s most reliable arms for Opening Day 2022. Though the Dodgers are among the league’s most free-spending clubs, their rumored pursuit of Shohei Ohtani and need to fill multiple spots in the starting rotation could make a trade for Cease an attractive option to fill out a spot toward the front of the club’s rotation. Meanwhile, the Dodgers have several young arms that could interest the White Sox as part of a return package, including Ryan Pepiot and Emmet Sheehan.
- Orioles: After a 101-win campaign in 2023, the Orioles figure to be more aggressive this offseason than they have in the recent past, when they’ve largely limited their additions to short-term deals for complementary players like Kyle Gibson and Adam Frazier. That being said, the trade market could be a better route for Baltimore to seek improvements than free agency; after all, club officials have avoided making commitments to substantial payroll increases and the team has a deep crop of big league ready position players who may be best utilized as trade capital, ranging from arb-eligible role players like Ramon Urias to former top prospects like Jordan Westburg. Meanwhile, the addition of Cease would give the club a quality front-end starter to pencil in alongside Grayson Rodriguez and Kyle Bradish for the club’s hypothetical 2024 playoff rotation.
- Rays: The Rays are facing an all-time high payroll in 2024 and are in desperate need of rotation upgrades following long-term injuries to Jeffrey Springs, Drew Rasmussen, and Shane McClanahan in 2023. Cease would be an affordable option the club could bolster their rotation with, giving them additional flexibility to explore trades of right-hander Tyler Glasnow while also potentially clearing some of the club’s positional logjam, where the likes of Curtis Mead could find themselves without much playing time in 2024.
- Reds: The Reds haven’t been shy about their need for starting pitching help this offseason, and Cease makes sense for a club that regularly runs a payroll in the bottom half of the league as a potential impact arm who wouldn’t break the bank. Much like the Orioles, the Reds are deep in young infield options, with second baseman Jonathan India a prime candidate for a trade himself, to say nothing of blocked prospects like Edwin Arroyo.
Next Tier Down:
- Astros: While the Astros could certainly use pitching help this offseason after being forced to rely on rookies like Hunter Brown and JP France for much of the 2023 season, it’s fair to wonder if the club has the appetite for another pitching blockbuster just a few months after swinging a deal with the Mets to bring Justin Verlander back to Houston at the trade deadline earlier this year. What’s more, the Astros are relatively lacking in the young, big league-ready talent that the Sox might look to acquire in a Cease deal.
- Giants: The Giants are certainly in need of rotation upgrades after essentially only using Webb and veteran righty Alex Cobb as regular starting pitchers for most of the 2023 campaign. That being said, the Giants certainly have money to spend after last offseason’s failed bids for Aaron Judge and Carlos Correa. With plenty of holes to fill on the roster, San Francisco may be better suited for an aggressive pursuit of free agent starters than giving up near-term youngsters in a deal for Cease.
- Padres: San Diego’s rumored budgetary issues this offseason are well-documented at this point, and it’s possible the club could need to clear more payroll before taking on even Cease’s relatively modest $8.8MM projected salary. That being said, president of baseball operations AJ Preller is well known for his aggressiveness on the trade market, and a deal for Cease would certainly be more cost-effective than, for example, re-signing Snell to a nine-figure contract.
- Phillies: The Phillies are in need of a top-of-the-rotation arm after the departure of Nola in free agency, but re-signing him appears to be the club’s top priority this offseason. That makes Philadelphia attempting to swing a deal for Cease fairly unlikely, particularly given the club’s relative lack of big-league ready prospect talent with whom they could attempt to make a trade.
- Rangers: The reigning AL champs could certainly stand to upgrade their rotation after losing Montgomery to free agency, but much like their division rivals in Houston, the Rangers just swung a blockbuster to bring Max Scherzer to Arlington this past summer. What’s more, the club may be expecting Jacob deGrom back from Tommy John surgery sometime next year and already has a plausible five-man rotation of Scherzer, Nathan Eovaldi, Jon Gray, Andrew Heaney and Dane Dunning for Opening Day 2024.
- Red Sox: The Red Sox are clearly looking for a front-end starter to add to their rotation, and the clubs famously got together on a blockbuster deal during the 2016-17 offseason that sent Chris Sale to Boston. Despite that history, however, the Red Sox could be better off adding a long-term contract via free agency than spending prospect capital to acquire just two seasons of Cease, particularly given the club’s last-place finish in the AL East this past season.
- Yankees: Much like their archrival Red Sox, the Yankees are clearly in the market for pitching upgrades this offseason. The Yankees are also a club that could certainly benefit from a shorter-term arrangement like the one Cease would provide, given the club’s several megadeals for players like Judge, Cole, Carlos Rodon, and Giancarlo Stanton. That being said, the club is seemingly reluctant to deal young, big league ready talent like Oswald Peraza, though it’s at least feasible a deal could come together surrounding prospects further from the majors like Spencer Jones and Chase Hampton.
White Sox Notes: Robert, Trade Market, Anderson, Coaching Staff
The White Sox head into the offseason looking to turn things around under a new general manager after a disastrous 2023 campaign. Chris Getz, promoted from his prior post as assistant GM after the summer dismissal of Rick Hahn and Kenny Williams, met with reporters yesterday at the GM Meetings in Scottsdale, Ariz. and discussed his team’s outlook. While the rookie baseball ops leader emphasized that there are winning pieces on the roster, he also acknowledged that on the whole, “I don’t like our team,” adding that it’s “not a well-rounded club” — a blunt recognition that broad changes are needed (link via Daryl Van Schouwen of the Chicago Sun-Times).
While Getz didn’t delve into specifics as to how those changes would be realized, he took an open-minded approach when asked about trade possibilities, conceding that there “are no untouchables” on his roster. That’ll surely lead to a frenzy of fan speculation regarding talents like Dylan Cease and particularly Luis Robert Jr., although Getz also noted that he won’t be “proactive” in exploring Robert trade scenarios and called the center fielder the type of player a team should build around.
The general tone of Getz’s comments, plus Robert’s talent and extremely appealing contract — he’s signed through 2025 at a total of $29.5MM guaranteed, plus club options for the 2026-27 seasons — will lead to ample interest. Still just 26 years old, Robert is fresh off a .264/.315/.542 showing in 145 games and 595 plate appearances with the South Siders. He popped 38 homers, swiped 20 bases and played standout defense in center field. It’s an MVP-caliber package of tools, and the fact that he’d earn a total of $67.5MM through 2027 if both his club options are exercised creates considerable surplus value for both the Sox or potential trade partners.
To be clear, a trade of Robert seems decidedly unlikely. Getz didn’t expressly rule it out, but it’s exceedingly rare for a player with this type of team control and affordability to be moved. Additionally, the Sox don’t appear to be embarking on another full-fledged rebuild so much as an effort to retool the roster. Names like Cease and Michael Kopech seem more attainable, speculatively speaking, as both are entering their second arbitration year and are controlled “only” through the 2025 campaign. Slugger Eloy Jimenez and lefty reliever Aaron Bummer are signed through 2024 and both have club option for the 2025-26 seasons.
Whatever trades do eventually materialize — and it seems inevitable that some deals will come together — the changes in Chicago have already begun. Hahn and Williams are out after more than two decades, and the team has already declined its $14MM team option on longtime shortstop Tim Anderson. That would’ve seemed unthinkable this time last year, as Anderson was MLB’s batting average leader from 2019-22, putting together a robust .318/.347/.473 slash in more than 1600 plate appearances over that four-year span.
Anderson’s 2023 season was an unmitigated disaster, however. The 30-year-old hit just .245/.286/.296 with only one home run on the year. His power completely eroded both due to a dip in hard contact and exit velocity but more troublingly due to a mammoth spike in his ground-ball rate. Anderson has never been a pronounced fly-ball hitter, but this year’s 61.1% grounder rate was the highest of any qualified hitter in baseball by four percentage points. Even with the ban of the most aggressive infield shifts, it’s quite difficult for any hitter to be a plus at the plate when putting such a stark percentage of his batted balls on the ground.
Despite the dismal season, the Sox haven’t ruled out a reunion with Anderson — presumably at a lower rate. Bruce Levine of 670 AM The Score reports that the Sox would consider bringing Anderson back later this offseason after he’s fielded interest from other clubs. Given the looming presence of top shortstop prospect Colson Montgomery, that might require a move to the other side of the second base bag, but Anderson has already publicly shown a willingness to make such a switch. Given the dearth of quality infield options in free agency, another club might place a bigger bet on Anderson’s track record than the Sox are comfortable making, but it’s a potential scenario to keep in mind if Anderson lingers in free agency and sees his price tag drop.
It’s also been an active week for the Sox on the coaching front, with several reported new hirings and changes to the staff. The Sox confirmed all of those previously reported new hires yesterday in announcing their finalized coaching staff for the 2024 campaign. Pedro Grifol is back for a second year managing the club, as expected. Also returning are bench coach Charlie Montoyo, pitching coach Ethan Katz, assistant hitting coach Mike Tosar and third base/infield coach Eddie Rodriguez.
Chicago confirmed previously reported hires of bullpen coach Matt Wise, hitting coach Marcus Thames, and Grady Sizemore (who’s listed as a “Major League coach” but will focus on outfield and baserunning work with the team). Also joining the staff is former big league catcher Drew Butera, who was the Angels’ catching coordinator last year and will be the Major League catching coach with the ChiSox. He joins Wise and Thames as the third coach hired away from the Angels. The Sox are also bringing former big league outfielder Jason Bourgeois aboard as their new first base and outfield coach. The eight-year MLB veteran (2008-15) had been coaching in the minors with the Dodgers prior to this move, most recently serving as the organization’s outfield and baserunning coordinator.
White Sox Not Trading Dylan Cease
5:01pm: The MLB trade deadline has passed, and the White Sox did not trade Cease, reports Bob Nightengale of USA Today.
1:26pm: The White Sox are taking offers on everyone on the roster aside from star center fielder Luis Robert, reports Bruce Levine of 670 The Score (on Twitter). Most notably, that includes 2022 Cy Young runner-up Dylan Cease.
Jon Heyman of the New York Post tweets the asking price was high enough that rival teams feel he’s unlikely to move. Nevertheless, The Post’s Joel Sherman indicates the Sox are “more serious” than they had been about the possibility.
Certainly, there’s no guarantee the White Sox will make a deal. They’d need to be blown away by the package of young talent to do so. Yet it seems they’re at least more open to the idea than they had been, and that they consider Robert on a different level of unattainability than they do Cease.
Cease hasn’t been as dominant as he was last season. His ERA has jumped nearly two runs, up from 2.20 to 4.15 across 119 1/3 innings. There’s been a slight dip in the underlying performance, though it’s not as dramatic as the ERA differential would indicate. Cease’s strikeout rate has decreased from 30.4% to 27.6%, while his swinging strikes have fallen from 15% to 13.6%. Both latter marks are still well above-average, though.
The biggest factor in Cease’s more middling ERA is simply a change in ball-in-play results. Last year’s .260 opponents’ BABIP always looked unlikely to maintain, though this year’s .320 mark probably represents an overcorrection. Cease issues a few more walks than ideal, but he’s capable of missing bats at a rate matched by few other starters and is at least a high-quality #2 arm.
With multiple years of control, Chicago’s asking price should be astronomical. Cease is playing this year on a $5.7MM salary, around $1.87MM of which is yet to be paid out. He’ll be due a pair of arbitration raises before getting to free agency after the 2025 campaign.
Chicago is clearly in sell mode, though their moves to date have mostly been on players with limited control windows. Lucas Giolito, Reynaldo López, Lance Lynn and Joe Kelly all seemed likely to hit free agency after this season. Kendall Graveman was under contract for another year, but he’s a setup reliever having a fine but not overwhelming season. Moving Cease would deal a far greater hit to their chances of reversing their fortunes in 2024, though it stands to reason they’d look for upper minors or controllable MLB talent in those discussions.
Other Chicago players seem far likelier to go. Middle reliever Keynan Middleton is an impending free agent who’ll almost certainly move. The club holds a $14MM option on shortstop Tim Anderson, who is having a very poor season. Anderson has hit well over the last two weeks but still holds a .245/.286/.293 batting line in 357 plate appearances overall. That could leave the Sox with a borderline decision on the option and/or a tough call whether to part with him this afternoon. Russell Dorsey of Bally Sports tweets that the Sox have discussed Anderson with multiple teams; the Marlins were loosely linked to the two-time All-Star in a report from ESPN’s Jesse Rogers last week.
White Sox Rumors: Cease, Bummer, Lynn, Kelly
The White Sox’ long-expected status as deadline sellers was cemented last night when they traded impending free agents Lucas Giolito and Reynaldo Lopez to the Angels in exchange for prospects Edgar Quero and Ky Bush. Further deals for the South Siders between now and Tuesday’s deadline are a certainty, but a broad-reaching teardown still appears unlikely. Teams who have inquired on the availability of righty Dylan Cease, who’s controllable through the 2025 season, have repeatedly been turned away, Bob Nightengale of USA Today tweets.
Cease, last year’s Cy Young runner-up, has been one of the most speculated-upon trade candidates in baseball this season, even as it’s continued to seem unlikely he’s moved. The White Sox are intent on reloading and taking another run at contending in 2024, making it far less likely that they’d deal a controllable top-of-the-rotation arm of Cease’s caliber.
The 27-year-old Cease hasn’t pitched as well in 2023 as he did in 2022. He’s sporting a solid 4.04 ERA with an excellent 28% strikeout rate and a 9.6% walk rate through 113 2/3 frames so far this season. He’s been particularly effective over his past nine starts, however, firing 51 innings of 3.00 ERA ball while punching out one-third of his opponents and recording an improved 8.5% walk rate. Cease is earning an affordable $5.7MM in his first season of arbitration eligibility and will be due a raise on that salary next season.
Cease isn’t the only controllable arm drawing interest on Chicago’s roster. Jon Morosi of MLB.com tweets that several contenders have expressed interest in lefty reliever Aaron Bummer despite a disastrous 6.56 ERA. Bummer’s season got out to an awful start, but he’s logged a 4.50 ERA in 24 innings dating back to May 12; five of the dozen earned runs he’s yielded in that time came in one meltdown on July 6.
Looking deeper into Bummer’s season, he’s fanned an impressive 28.3% of his opponents and kept the ball on the ground at a hefty 54.3% clip. The 29-year-old has been plagued by a .347 average on balls in play and an abnormally low 48.1% strand rate this year, both of which figure to trend back toward his career averages of .300 and 69.5%. Bummer hasn’t allowed a home run yet this season, which isn’t sustainable, but the overall package of a hard-throwing lefty who misses bats and piles up grounders while pitching on an affordable contract understandably has appeal for contending clubs. Bummer is playing out the fourth season of a five-year, $16MM contract but can be controlled another three seasons: a $5.5MM salary in 2024 plus a pair of club options valued at $7.25MM and $7.5MM in 2025 and 2026, respectively.
As with Cease, Bummer can be a part of the White Sox’ efforts to contend both in 2024 and 2025, so there’s no guarantee he’s moved. However, reliever performance is more volatile, evidenced by Bummer’s current ERA after logging a 2.59 mark in 160 innings from 2019-22. If the Sox can get some near-MLB help that could more affordably contribute to the 2024 roster, it’s feasible they’d be open to the possibility.
At some point in the next few days, the Sox will quite likely move right-handers Lance Lynn, Joe Kelly and Keynan Middleton, all of whom can become free agent at season’s end (though Lynn and Kelly have 2024 options on their contracts). The Rays and Dodgers were both reported to be in talks on Lynn yesterday, and the Dodgers were tied to Kelly.
Ken Rosenthal of The Athletic adds further fuel to those rumors, writing this morning that the Rangers and White Sox discussed a trade that would bring both Lynn and Kelly to Texas yesterday. The talks didn’t gain enough traction to bring about a deal, but Texas’ interest in both pitchers highlights the number of balls the Sox have in the air and the number of paths they could take as they look to retool in the coming days.
Reds Have Shown Interest In White Sox’s Starters
The Reds have been in contact with the White Sox as they search for rotation help, reports Jon Morosi of MLB.com (on Threads). Specific targets aren’t reported, though it’s not hard to infer which players could be of interest.
Lucas Giolito is arguably the sport’s most apparent trade candidate. The right-hander is an impending free agent and has a 3.45 ERA through 19 starts. He’s striking out a little more than a quarter of opponents against a modest 7.3% walk rate. While Giolito’s velocity and whiffs are down marginally from a 2019-21 stretch that saw him post a 3.47 ERA in 72 appearances, he has rebounded nicely from a down 2022 season.
With the White Sox now 17 games below .500, they’re predictably approaching the deadline as sellers. The Sox aren’t expected to make a strong run at re-signing Giolito, whose upcoming free agent deal is likely to easily eclipse Chicago’s franchise-record $75MM guarantee for Andrew Benintendi.
He’d be a lock to receive and reject a qualifying offer that would afford Chicago draft compensation if he signs elsewhere. They’ll almost certainly receive more compelling prospect offers in the next couple weeks though. The Dodgers have already checked in and virtually every contender figures to be in touch with Chicago GM Rick Hahn before August 1.
Giolito is playing this season on a $10.4MM arbitration salary. Around $3.35MM will be remaining from the deadline onwards. Cincinnati GM Nick Krall has indicated the club has the payroll flexibility to accommodate midseason trade targets. Rotation help is the obvious area to do so.
While Giolito would be the more appealing target for other teams, Chicago seems likely to move veteran righty Lance Lynn as well. The 36-year-old carries a career-high 6.03 ERA over 103 innings but has much better strikeout and walk marks. Lynn is fanning hitters at a strong 27.9% clip against an average 8.1% walk rate. His biggest issue, an MLB-worst 22 home runs allowed, could be a tough fit at Cincinnati’s very hitter-friendly Great American Ball Park. Still, the durability Lynn provides would be welcome for a Reds’ rotation light on experience at present.
Lynn is making $18.5MM this season. His contract contains an $18MM club option that seems likely to be bought out for $1MM. With the two-time All-Star likely headed to free agency next winter, the Sox figure to look for trade possibilities this month. That’s also true of Mike Clevinger, whose contract contains a $12MM mutual option the team will likely buy out for $4MM. They could be hard-pressed to find interest in Clevinger considering the fairly lofty buyout price and biceps inflammation that has had him on the injured list for a month.
There’s less urgency on either Dylan Cease or Michael Kopech. Both pitchers are eligible for arbitration through 2025. The asking price on either player — Cease especially — would be significantly higher than what the Sox would expect for even their top rental in Giolito. Jon Heyman of the New York Post suggested earlier this week that Chicago could be willing to hear offers on Kopech but wasn’t interested in parting with Cease.
Cincinnati is surely in contact with a number of teams as they explore rotation possibilities. Tonight’s 1-0 loss to the Brewers dropped them into a tie with Milwaukee for first place in the NL Central. They’re still positioned as deadline buyers, of course, with a rotation that ranked 28th in ERA (5.69) entering play Friday standing as the big concern. Nick Lodolo and Hunter Greene are on the injured list. Cincinnati has rookie Andrew Abbott at the top of the rotation, followed by Graham Ashcraft, Ben Lively, Brandon Williamson and Luke Weaver. The latter two pitchers have struggled.
Latest On White Sox’s Deadline Plans
The White Sox could be one of the most interesting sellers of this year’s deadline. Chicago lost their last two heading into the All-Star Break and sit 16 games under .500 at 38-54. They’ve fallen eight games back of Cleveland in the AL Central, in which they now occupy fourth place.
Chicago has a number of players who are relatively close to free agency whom they could market in trade. Jon Heyman of the New York Post reports the Sox are prepared to seriously consider offers on all but four players: center fielder Luis Robert Jr., ace Dylan Cease, first baseman Andrew Vaughn and left fielder Eloy Jiménez. Heyman suggests that while no one on the roster might be categorically untouchable, Chicago’s “clear intention” is to retain those four players.
Last month, Ken Rosenthal of the Athletic wrote that Chicago was telling rival clubs they were focused on retaining players under control beyond this season. Genuinely considering offers on everyone aside from Cease, Robert, Vaughn and Jiménez would represent a change in direction, although the Sox would still resist moving any of their most valuable long-term assets.
Chicago has a number of likely impending free agents who are apparent trade candidates. Starter Lucas Giolito and relievers Keynan Middleton and Reynaldo López are pure rentals; all three appeared among MLBTR’s top 20 trade candidates last week. So did starter Lance Lynn, whose contract contains an $18MM team option that appears likely to be bought out for $1MM. Reliever Joe Kelly, controllable for next season via $9.5MM club option ($1MM buyout), also ranked highly on that list.
The Sox have a few more players with relatively pricy 2024 options. Closer Liam Hendriks has a $15MM option that comes with a matching buyout figure. That seems likely to be exercised, as buying Hendriks out would only allow the Sox to defer that payment over a 10-year span. Tim Anderson’s deal contains a $14MM team option or a $1MM buyout. Anderson is having a terrible season (.223/.259/.263 over 290 plate appearances) that could at least force the organization to reconsider an option that looked like an easy call a few months ago. The Mike Clevinger deal contains a $12MM mutual provision which the club will probably buy out for $4MM.
Yasmani Grandal and Elvis Andrus are the other impending free agents on the roster. Grandal is hitting at a decent .251/.317/.374 clip, but trades of catchers midseason are fairly rare and he’s making an $18.25MM salary that’d be difficult to move. Andrus isn’t producing, hitting .208/.286/.266.
The White Sox considering offers on anyone in that group isn’t too surprising. The majority are unlikely to be on the South Side beyond this season. It’d be an inopportune time to deal Anderson or Hendriks (currently on the injured list with elbow inflammation), although the front office could look into it if they’re contemplating declining next year’s option on either player.
Giolito, in particular, seems all but assured to change uniforms. MLBTR’s #1 trade candidate has tossed 112 1/3 innings of 3.45 ERA ball across 19 starts. He’s striking out over a quarter of opponents and looks the part of a durable #2/3 starter on a playoff team. He’s on track for a nine-figure contract that’d be larger than any in White Sox’s franchise history. Chicago should get more in trade this summer than the value of the draft choice they’d receive if they allow him to depart in free agency after declining a qualifying offer.
Heyman suggests the Reds and Rangers could check in Giolito. Cincinnati GM Nick Krall has gone on record about a desire to add pitching. The NL Central-leading club is very likely to upgrade a starting staff that’s presently without Hunter Greene and Nick Lodolo. Texas has gotten strong results out of their rotation but could look to add depth as they try to maintain a two-game lead in the AL West. They’ve reportedly checked in on Lynn as well, though Giolito would be the more impactful and costlier (in terms of prospect capital) addition.
One controllable player whom the Sox seem at least somewhat willing to consider moving: starter Michael Kopech. Heyman writes the Sox would be more amenable to relinquishing Kopech than anyone from the Robert, Cease, Vaughn, Jiménez group.
While the 6’3″ right-hander is only in his second full season as a big league starter, he’s not all that far off free agency. Kopech will soon surpass four years of MLB service and is eligible for arbitration through the 2025 campaign — the same control window as Cease. He’s playing this season on a $2.05MM salary.
Kopech landed on the 15-day injured list last week with inflammation in his throwing shoulder. He’s generally expected back not long after the Break, however, so he could have multiple starts before the August 1 deadline. If he’s in form, he’d surely generate interest.
Through 16 starts and 86 innings, Kopech has worked to a 4.08 ERA. He’s striking out 26% of opponents on a solid 11.4% swinging strike percentage while averaging over 95 MPH on his fastball. There’s clearly plenty of promise with the 27-year-old righty, but he has not yet established himself as the top-of-the-rotation arm some evaluators had envisioned. That’s largely due to spotty control, as his 13.1% walk rate is the highest of any pitcher with at least 15 starts.
There’s obviously far less urgency for general manager Rick Hahn and his staff to move Kopech than with any of the impending free agents. Chicago isn’t going to embark on a full teardown and rebuild, so they figure to hold firm to a lofty asking price on their controllable mid-rotation starter. Still, the front office seems more amenable than they were a few weeks ago to consider moving players besides their collection of talented rentals.
White Sox Reportedly Only Willing To Trade Rental Players
The White Sox are potentially lined up to be sellers at the deadline, though exactly how much they commit to that task remains to be seen. Ken Rosenthal of The Athletic reports that, as of right now, they might only be willing to move impending free agents. Those plans could always change as discussions take place, but it’s a noteworthy stance at the moment. The trade deadline is August 1.
At this point, it’s not even necessarily a lock that the White Sox will be sellers at all. Despite their poor 30-40 record, they are only 5.5 games back of the Twins in the weak American League Central division. But the Wild Card race is much stronger, putting them 9.5 games out of a spot there.
A hot streak could get them right back in the divisional race but those have been hard to come by this season and the front office needs to at least consider the possibility that they stay on the outside looking in. Like all clubs, the players on the roster have varied contractual situations that affect the trade calculus. It seems that the club is currently leaning towards trading players on expiring contracts but keeping players with more control in order to take another shot at contending next year.
Even by limiting themselves to a softer sell, they would still have plenty of players to discuss in trade talks. Lucas Giolito, Mike Clevinger, Yasmani Grandal, Elvis Andrus, Reynaldo López and Keynan Middleton are all set to reach free agency this winter and would be the club’s best trade chips. Clevinger’s deal has a mutual option for 2024 but those are rarely picked up by both parties.
Giolito would be one of the top names on the market this summer if he were available, having established himself as a reliable and effective starter in recent years. In each season from 2019 to 2021, he had an ERA between 3.41 and 3.53. That figure jumped to 4.90 last year, but that coincided with his batting average on balls in play jumping to .340, well above any of his previous seasons. This year, he’s dropped his ERA right back down to his norm as he’s at 3.54 through 14 starts.
Now 28 years old, Giolito has gone year-to-year in arbitration. He’s now in his third and final arb year, making $10.4MM. By the time the deadline rolls around, there will be roughly $3.5MM left to be paid out.
Just about every contender will be looking to bolster their rotation for the final months of the season and the playoffs, which should give Giolito widespread interest. Even teams on the lower end of the spending spectrum could fit that salary figure onto their books, meaning few clubs would be eliminated from the list of logical suitors. That makes Giolito the White Sox’ best chance at recouping some future value from what could end up being a disappointing season.
Some of those other names may have some appeal as well. Clevinger has a 3.88 ERA but with subpar peripherals, striking out 19.3% of opponents while walking 9.5%. A .275 batting average on balls in play and 81.2% strand rate are helping him out, with his 4.89 FIP and 5.07 SIERA less optimistic. He’s making a salary of $8MM this year but has a $4MM buyout on his mutual option. He has a bit of an uncertain health outlook at the moment, as he was removed from his most recent start due to biceps soreness. It seems there’s no structural damage, per Daryl Van Schouwen of the Chicago Sun-Times, but he might still land on the injured list.
Grandal struggled last year but is having a decent bounce back, hitting .271/.330/.410 so far this year for a wRC+ of 106. Trading catchers at midseason can be tricky since they would then have to learn an entirely new pitching staff on the fly. However, Grandal is 34 years old and hits well enough that it could make sense for him to factor into a club’s designated hitter mix, especially since he’s a switch-hitter. The final year of his four-year deal pays him $18.25MM annually.
Andrus is also an impending free agent but his interest will surely be muted as he’s hitting .196/.277/.247 this year. López has a 5.10 ERA but his 28.3% strikeout rate will surely lead to some intrigue. Middleton’s 1.93 ERA is buoyed by an unsustainable 96.3% strand rate but he is striking out 31.9% of opponents and getting grounders at a 54.5% clip. All three of these players are making modest salaries of less than $4MM this year.
There are also a couple of borderline cases who could be considered rentals. The Sox have an $18MM option on Lance Lynn for next year with a $1MM buyout. His 6.75 ERA this year makes it less likely that gets picked up but it also diminishes his trade appeal. Joe Kelly is in a somewhat similar situation as he can be kept around for 2024 via a $9.5MM club option with a $1MM buyout. He has a 4.57 ERA but strong peripherals and a 53.7% strand rate, leading to a 2.86 FIP and 2.80 SIERA.
The club also has a $15MM option on Liam Hendriks, though with a $15MM buyout. The only difference is that triggering the buyout would allow them to spread the payment out over 10 years instead of just in 2024. He’s been floated as a trade candidate this summer but he’s currently on the injured list due to inflammation in his pitching elbow. Given the injury, the PR hit of trading him away after his feel-good return from cancer and that buyout, it seems likely that he’s with the Sox again next year.
If the Sox ultimately stick to their plan of only trading rentals, that would mean that other speculative trade candidates are off the table. Many observers have wondered if the club would consider moving shortstop Tim Anderson, who can be retained for 2024 via a $14MM club option with a $1MM buyout. Trading him now would be a difficult decision because it would hurt the club’s chances of returning to contention in 2024 and the return would surely be diminished since he’s hitting just .251/.290/.296 this year. Instead of trading him when his value is at a low ebb, there would be sense in the club hanging onto him and hoping for a return to form next year.
Dylan Cease has also been suggested as a trade candidate but that would require the club to really commit to a lengthier rebuild. He still has two more passes through arbitration to go and isn’t slated for free agency until after 2025. His ERA has almost doubled from last year’s 2.20 to this year’s 4.31 figure, but he’s still getting strikeouts at an above-average 26.2% rate. They would surely get a huge haul for him if they decided to move him, but it doesn’t seem as though that’s on the table right now.
Which Players Could White Sox Make Available Closer To The Trade Deadline?
I wrote about the calamitous White Sox start on Friday, and over the weekend the team went 1-2, snapping a nine-game losing streak with a stunning seven-run bottom half of the ninth inning, walking off the Rays in the process. Even if that win sparks some momentum for a listless South Side club, the Sox are already nine back in the AL Central. They’d need to play at an 82-51 pace (.617) to get to 90 wins. It’s not even clear that’d be enough for a division win, with the Twins playing at a 95-win pace.
Early May is pretty early to be doing any forward-looking breakdown of what a team might have to offer at this year’s trade deadline, but the current state of the White Sox is a bit more dire than usual. Their playoff odds at FanGraphs have plummeted from 30.5% prior to the season to just 4.2% now. PECOTA has their playoff odds at just 3.2%. They have MLB’s second-worst run differential (-65) and are already battling myriad injuries with some glaring depth issues.
One of the most frequently asked questions over the past week in the chats we host at MLBTR has been one of who could be available if the Sox sell this summer. With that in mind and with an obligatory “it’s still only May 1” caveat, here’s a quick rundown of the possibilities and how they’ve begun the season.
Rental Players
The most obvious candidates to change hands if the Sox do indeed end up selling, all of these players are set to be free agents at season’s end anyhow. There are a couple of qualifying offer candidates within the group, so the Sox would need to feel they’re getting more than the value of a compensatory draft pick back in those instances.
Lucas Giolito, RHP, 28, $10.4MM salary
Giolito won’t turn 29 until mid-July and stands as one of the potential top arms on next offseason’s free-agent market … if he can round back into form this season and put an ugly 2022 campaign behind him. From 2019-21, the former first-round pick was one of the American League’s top arms, making the All-Star team in ’19 and securing Cy Young votes in all three of those seasons — including sixth- and seventh-place finishes in 2019 and 2020, respectively. During that stretch, Giolito logged a collective 3.47 ERA with a huge 30.7% strikeout rate and solid 8% walk rate.
The 2022 season was another story. Giolito’s fastball dropped from the 94.2 mph it averaged during that three-year peak down to 92.7 mph. His strikeout rate fell to an above-average but still-diminished 25.4%. His walk rate crept up a bit, to 8.7%. His opponents’ average exit velocity jumped from 87.8 mph to 88.8 mph, and his hard-hit rate rose from 34.5% to 39%. None of those are awful numbers, but everything went the wrong direction for Giolito in ’22. A huge .340 BABIP surely contributed to some of his struggles — being a fly-ball pitcher with the worst outfield defense in baseball isn’t fun — but it wasn’t a great season regardless.
Giolito’s picked some velocity back up early this season. His 23.1% strikeout rate isn’t near its peak, but his 4.1% walk rate is far and away a career-best mark. If the White Sox sell, Giolito will likely be one of the best and most in-demand starters on the market. He’s out to a decent start, and with his track record, age and upside, a qualifying offer seems likely, barring a disastrous collapse. The Sox would need to feel they got more value than they’d net in the form of a compensatory draft pick.
Reynaldo Lopez, RHP, 29, $3.625MM
Lopez has had a terrible start to the season, with an 8.76 ERA and five home runs allowed in just 12 1/3 innings (3.65 HR/9). He was very good in the ‘pen in 2021-22, however, notching a 3.07 ERA with an above-average 24.8% strikeout rate and a 5.3% walk rate. In 2023, Lopez is sporting a career-best 33.3% strikeout rate, and he’s averaging a career-high 99.2 mph on his heater. His 14.6% swinging-strike rate is excellent. If Lopez who allowed just one home run in 55 2/3 innings last year, can get past this bizarre home run spike, he still has obvious late-inning potential and is the type of affordable power arm who’d appeal to other clubs.
Mike Clevinger, RHP, 32, $12MM
Clevinger technically has a 2024 option on his contract, but mutual options are almost exclusively accounting measures and are exercised by both parties with only the utmost rarity. He’s still just 32 years old, by Clevinger’s halcyon days feel like they were a lot longer ago than 2017-20. He missed the 2021 season following Tommy John surgery, came back with a diminished fastball and middling peripherals in ’22, and hasn’t looked much better in 2023, with a 4.60 ERA, below-average 19.3% strikeout rate and ugly 11.1% walk rate in 29 1/3 innings. Clevinger has gained some but not all of the life on his heater back, and his current 8.1% swinging-strike rate is both well below the league average (11.1%) and easily the lowest mark of his career. He’s pitching like a fifth starter right now, and not a particularly cheap one.
Elvis Andrus, 2B/SS, 35, $3MM
Andrus was great with the White Sox in place of an injured Tim Anderson down the stretch in 2022 (.271/.309/.464, nine homers, 11 steals) and has been the opposite so far in 2023, hitting .206/.274/.245 in 113 plate appearances with well below-average quality of contact, per Statcast. He can still play defense and has now shown a willingness to log some time at second base, so another club could look at him as a slick-fielding utility option. He’ll need to hit more than he has in the season’s first month, though.
Hanser Alberto, INF, 30, $2.3MM
Alberto has typically been a solid defender at three infield spots with good bat-to-ball skills, a bottom-of-the-barrel walk rate and minimal power. This season, however, he’s made some glaring misplays at third base and batted just .211/.211/.368 in 19 plate appearances before hitting the IL with a quad strain. It’s a tiny sample, but he needs to get healthy and play better to even make it to the trade deadline on the big league roster.
Yasmani Grandal, C, 34, $18.25MM
The switch-hitting Grandal has bounced back at the plate with a .241/.323/.446 batting line (114 wRC+) and three homers in 93 plate appearances. His 8.6% walk rate is well down from its career 14.5% level, and his once-vaunted defensive ratings have fallen below average at 34. Given his considerable salary, Grandal is only changing hands if the ChiSox eat a good portion of the bill.
Signed/Controlled for One Extra Year
Moving anyone from this group would signal a more aggressive seller’s standpoint from the front office, but the Sox would generally be able to retain their core players while also unlocking larger returns than they’d be land for their generally modest collection of rentals.
Tim Anderson, SS, 30 | $12.5MM in 2023, $14MM club option for 2024
Anderson batted above .300 in four straight seasons from 2019-22, turning in an overall .318/.347/.473 slash that was 23% better than league average, by measure of wRC+. The two-time All-Star is a regular threat for 15 to 20 home runs and 15 to 25 steals. Defensive metrics are mixed on his work at shortstop, but his only across-the-board below average season per DRS, UZR and OAA came in 2022, when he was hobbled by a groin strain. Anderson is a well above-average regular with All-Star potential and a highly affordable salary through the 2024 season.
The White Sox’ top prospect is 2021 first-rounder Colson Montgomery, who has become one of the game’s top-ranked shortstop prospects. He opened the season on the shelf with an oblique strain but could be ready for a big league look in 2024 after reaching Double-A as a 20-year-old in 2022.
Lance Lynn, RHP, 36 | $18.5MM in 2023, $18MM club option for 2024
Lynn, 36 next week, hasn’t been himself so far in 2023. His 10.1% walk rate is his highest since 2018 by a wide margin, and he’s allowed a jarring 2.20 homers per nine frames. The 94.4 mph he averaged on his heater in 2019-21 is down to 92.6 mph in 2023, and while he’s still missing bats in the zone and off the plate, Lynn has allowed too much hard contact when opponents do connect. Hitters posted just a .192/.238/.335 slash against Lynn’s four-seamer as recently as 2022, but they’re hitting .283/.365/.587 when putting the pitch in play this year. The 2019-22 version of Lynn is well worth that 2024 option price, but he needs to solve his home run woes.
Liam Hendriks, RHP, 34 | $14MM in 2023, $15MM club option for 2024
Hendriks hasn’t pitched this season but recently announced that he’s cancer-free after battling non-Hodgkins lymphoma for the past several months. Hendriks is one of the game’s best relievers, and the priority is simply getting back on the field. If he looks like himself, he’d garner interest.
Joe Kelly, RHP, 35 | $9MM in 2023, $9.5MM club option for 2024
Kelly has been on the IL three times since signing a two-year, $17MM deal with the White Sox prior to the 2022 season. He also has a 6.26 ERA and a 12.6% walk rate with the South Siders. He’s still missing bats, racking up grounders and has had improved command in his tiny 4 2/3 inning sample this season. The Sox might have to eat some money to move him even if he’s pitching decently.
Kendall Graveman, RHP, 32 | $8MM in 2023, $8MM in 2024
Graveman is still throwing hard and missing bats at a solid clip, but his sinker isn’t getting grounders anywhere near its prior levels. He’s sitting on a 38.7% ground-ball rate in ’23 after living at 54% in 2021-22 and 52.1% in his career prior to the current season. On a surely related note, he’s giving up homers at a career-worst rate (2.38 HR/9). Graveman’s first season in Chicago was solid, but he’s at risk of becoming another high-priced bullpen misstep.
Jake Diekman, LHP, 36 | $3.5MM in 2023, $4MM club option for 2024
The White Sox acquired Diekman from the Red Sox at last year’s trade deadline even though he’d walked 17.5% of his opponents in Boston, and the command has only gotten worse. Diekman has walked a whopping 13 of his 58 opponents (22.4%) in 2023 while posting a 7.94 ERA. Command has always been a weak point, but this current rate just isn’t tenable. If he can’t right the ship, it’s hard to imagine him lasting on the roster until the trade deadline.
Longer Term Players
Moving anyone from this bunch is tougher to envision, as it would effectively signal a larger-scale rebuilding effort. While the Sox could still move one or even multiple players from this group without necessarily embarking on a full-scale rebuild, these moves would represent a clear step back from contending not only in 2023 but likely in 2024 at the very least — quite possibly longer.
Dylan Cease, RHP, 27 | $5.3MM in 2023, arb-eligible in 2024-25
Trading Cease would amount to waving a white flag not only on this season but on the entire rebuild that the Sox went through from 2016-20. Cease finished runner-up to Justin Verlander in American League Cy Young voting last year and was so dominant — 2.20 ERA, 30.4% strikeout rate, 6.4 bWAR in 184 innings — that he might’ve won in another year where he wasn’t chasing a historic comeback effort from a future Hall of Famer.
Cease’s velocity, strikeout rate and swinging-strike rate are all down a bit this season, but not in glaring, concerning fashion. He’s sporting a 4.15 ERA, though practically all the damage against him came at the hands of the Rays last week when the hottest team in baseball tagged him for seven runs. Cease won’t turn 28 until December. He’s a power-armed, bat-missing monster with two years of arbitration remaining after the current season. Pitchers like this almost never get traded, and it’s extra-tough to see the White Sox biting the bullet and making a move, since doing so just feels like a giant concession. If they do reach that point, Cease could generate one of the biggest hauls in recent trade deadline memory.
Michael Kopech, RHP, 27 | $2.05MM in 2023, arb-eligible in 2024-25
It’s been a poor start for Kopech (7.01 ERA in 25 2/3 innings) thanks to wobbly command that has manifested in a career-high 11.1% walk rate and, more problematically, a career-worst 2.81 HR/9 mark. Still, he’s a 27-year-old who once ranked as the sport’s top pitching prospect and as recently as 2021-22 logged a combined 3.53 ERA, 26.7% strikeout rate and 10.4% walk rate in 188 2/3 innings.
Kopech spent nearly all of the 2021 season in the bullpen as he worked back from Tommy John surgery and fanned a gaudy 36.1% of his opponents in that role. He’s a high-upside arm and has already seen his average fastball creep up from 95.1 mph in 2022 to 96.2 mph in 2023. Teams would love to get their hands on Kopech right now, and if he can cut back on the walks and homers, his value will only increase. This trade wouldn’t necessarily be the white flag that the Cease trade would be, but it’s hard to see Kopech going unless the Sox are pessimistic about their chances in the next couple of seasons as well.
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There are other names to consider, though each comes with plenty of red flags. Yoan Moncada is signed through 2024 and controllable through a 2025 club option, but he’s been neither healthy enough nor consistently productive enough to make the remaining $43.1MM in guarantees on his deal feel palatable for a trade partner. Luis Robert Jr., Eloy Jimenez, Andrew Vaughn and Aaron Bummer are all signed or controlled through at least 2026 (2027 in Robert’s case), which lessens any urgency to move those players. As it stands, the Sox would be selling low on anyone from that group of talented players. No one from that group feels likely to be a serious trade candidate this summer.
Of the three buckets listed above — “rental,” “one extra year” and “longer-term” — the rental pieces are the likeliest to go. Selling anything beyond that point, particularly a face of the franchise like Anderson or a controllable Cy Young-caliber talent like Cease, would likely signal a step back and longer-term rebuilding effort just two years after the Sox sought to emerge from their prior rebuild. Owner Jerry Reinsdorf is as loyal as they come, but one can imagine that the current meltdown could test even his patience; GM Rick Hahn candidly acknowledged last week in public comments that his job is likely on the line.
The White Sox still have a couple months to try to turn things around, but if things don’t improve in a hurry, then many of the names listed above will the most frequently discussed players on the 2023 summer rumor mill as contending teams look to beef up their rosters in advance of a postseason push.
Extension Candidate: Dylan Cease
A few weeks back, White Sox pitcher Dylan Cease was speaking with members of the media, including Scott Merkin of MLB.com. Cease indicated that he would be open to a long-term deal with the Sox but that there were no ongoing extension talks he was aware of. “I would always be open to something that’s a fair, good deal,” he said.
It’s possible the sides have started the talks in the weeks since that statement was made. Whether negotiations are taking place or not, there would be good reasons for the Sox to try. For one thing, Cease has emerged as one of the better pitchers in the league. Over the past two seasons, he’s made 64 starts and tossed 349 2/3 innings with a 3.01 ERA. His 10% walk rate in that time is a bit above average, but he paired that with a 31.1% strikeout rate. That ERA was the 11th-best among all qualified starters in that time and the strikeout rate was fourth, trailing only Gerrit Cole, Corbin Burnes and Max Scherzer.
Keeping that ace-level performance around is obviously appealing in a vacuum, but it would also make sense for a club with little long-term certainty in their rotation. Lucas Giolito is currently slated to reach free agency after the upcoming season. Lance Lynn is also in the last guaranteed year of his contract. The club has an $18MM option over his services for 2024 with a $1MM buyout, but it’s not a lock to be picked up. Lynn is about to turn 36 and missed a few months last year due to knee surgery. He’ll have to stay healthy and effective in 2023 for the Sox to want him back at that price point for his age-37 campaign. Michael Kopech can be controlled via arbitration through 2025 but his own injury issues and opting out of 2020 have limited him to just 203 career innings since debuting in 2018, making him a bit tough to project right now. Mike Clevinger is on a one-year deal and is under investigation after domestic violence allegations were made against him.
There’s also not an obvious wave of talent coming from the farm to replace those guys in the immediate future. The club’s system isn’t terribly well regarded overall, with Baseball America recently ranking them 24th in the league, MLB.com 26th and FanGraphs 27th. Most of their top prospects are position players while many of the starters on the prospect lists are young and likely a few years away from making it to the majors.
That doesn’t necessarily create urgency around locking up Cease, since he’s still under club control for the upcoming season and two more, set to reach free agency after 2025. However, he is starting to increase his earning power. He reached arbitration for the first time this winter and agreed with the club on a $5.7MM salary for 2023, with further raises to come in the two following seasons. As players approach the open market, it usually takes more money to convince them to spurn that opportunity in favor of sticking with their current club. That might be especially true in the case of Cease, since he also got some extra financial security from the new collective bargaining agreement. The CBA that was just agreed to in March featured a new $50MM bonus pool to be dispersed to the best pre-arbitration players in the league each season. In the inaugural year of that new feature, Cease was the player who got the biggest piece of that pie, getting just under $2.5MM.
As mentioned, Cease is three years from the open market. He just turned 27 in December, meaning he’ll be a free agent between his age-29 and age-30 seasons. The most recent comparison for a player in this position who signed an extension into his free agent years is Sandy Alcantara. In November 2021, he and the Marlins agreed to a five-year, $56MM extension with a club option for a sixth season. He was also in between three and four years of service time, though he was one year younger than Cease is now, having just turned 26. That deal was somewhat similar to one signed about three years earlier when Aaron Nola and the Phillies agreed to a four-year, $45MM extension with a club option. Nola was just 25 at the time but about to turn 26 in the early parts of the 2019 campaign.
Nola had posted a 2.89 ERA over 380 1/3 innings in the previous two seasons. His 26.8% strikeout rate was below what Cease has done recently but his 7% walk rate was much better and his 50.2% ground ball rate much stronger than Cease’s 36.1%. Over 2019-21, Alcantara posted a 3.48 ERA over 445 innings, striking out 21.2% of batters faced while walking 7.9% and getting grounders at a 48.9% clip. He was worth 7.4 fWAR in those two-plus seasons, while Nola was worth 10 fWAR in 2017-18. Cease has been in a similar range recently, with 8.9 fWAR accrued in the past two years.
Getting an extension done with Cease in the next month or two would likely require a similar deal to what Alcantara and Nola got, but the price would quickly jump if the Sox wait. Jacob deGrom signed an extension with the Mets when he was between four and five years of service time. That was a four-year deal with a $120.5MM guarantee, which was on top of the $17MM salary he had already agreed to for 2019. deGrom was on another planet in terms of performance, having just produced 9.0 fWAR in 2018, but it shows how quickly earning power ramps up. For guys between five and six years of service time, recent deals include the five-year, $100MM deal for Joe Musgrove, seven years and $131MM for José Berríos, and five years and $85MM for Lance McCullers Jr.
The White Sox have done some notable extensions in recent years, but of a different flavor to these. They extended Tim Anderson, Luis Robert, Eloy Jiménez and Yoán Moncada not too long ago, but those were all position players who were still in their pre-arbitration years or yet to even debut in the majors. Their most notable recent extensions for pitchers have gone to Aaron Bummer, who is a reliever and was still in his pre-arbitration seasons then, and Lynn, who was a couple of months from free agency but 34 years old at the time.
Of all those extensions, the highest guarantee was the $70MM that went to Moncada back in March 2020. It’s possible they could get something done with Cease now and stay under that line, but waiting another year would push them beyond that comfort zone as long as Cease has another healthy and effective season. The club’s long-term payroll is fairly open, with Yasmani Grandal also set to reach free agency after this year alongside Giolito and perhaps Lynn. By 2025, the only players guaranteed salaries are Robert and Andrew Benintendi, though there will be club options for Moncada, Jiménez and Bummer to be considered. Taking all that into account, perhaps it’s time for the Sox to pick up the phone and start talking to Cease, if they haven’t already.
Dylan Cease Tops Pre-Arbitration Bonus Pool
One of the big new additions to the collective bargaining agreement signed between the league and the players was the implementation of a $50MM bonus pool set aside for players with less than three years of league service time.
The pool would be handed out to the top 100 eligible players, with MLB’s WAR metric determining which players made the list. Beyond that, further bonuses could be earned for qualified players if they ranked in the top two of Rookie of the Year, top five in MVP or Cy Young, as well as being named in the first or second All-MLB team.
According to ESPN’s Jesse Rogers, White Sox pitcher Dylan Cease topped the class in 2022, taking home a bonus of $2,457,426, in addition to his $750K base salary. Cease threw 184 innings of 2.20 ERA ball for Chicago this year, finishing 2nd in AL Cy Young voting. That finish earned him $1.75MM in addition to the $707,425 he earned for his WAR ranking. 2022 was Cease’s last pre-arbitration season, so he won’t be eligible for the bonus pool after the 2023 season.
The Astros’ Yordan Alvarez was the top hitter on the list, as he took home a $2,381,143 bonus. Alvarez torched pitching to the tune of a .306/.406/.613 line with 37 home runs, finishing third in AL MVP voting. He picked up $881,143 as the top ranked player via the WAR metric, and an additional $1.5MM for his MVP finish. He also won’t be eligible for the pool next season.
Here’s the top ten bonus pool earners (all of these figures are in addition to the player’s base salary):
- Dylan Cease: $2,457,426
- Yordan Alvarez: $2,381,143
- Alek Manoah: $2,191,023
- Zac Gallen: $1,670,875
- Julio Rodriguez: $1,550,850
- Michael Harris: $1,361,435
- Emmanuel Clase: $1,354,962
- Andres Gimenez: $1,308,805
- Adley Rutschman: $1,177,555
- Kyle Tucker: $1,146,555
Per MLB.com’s Mark Feinsand, Atlanta’s Spencer Strider was the only other player to earn a bonus greater than $1MM, while four more players (Sean Murphy, Tommy Edman, Will Smith and Ryan Helsley) earned more than $700K, with another eleven players (Steven Kwan, Bo Bichette, Alejandro Kirk, Nestor Cortes, Logan Webb, Shane McClanahan, Cal Raleigh, Daulton Varsho, Nico Hoerner, Triston McKenzie and Tony Gonsolin) earned a bonus greater than $500K.
Each player’s team will pay out the bonuses by December 23, but they will be reimbursed by the Commissioner’s Office.