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Gerrit Cole

Astros Acquire Gerrit Cole

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The Astros have acquired right-hander Gerrit Cole from the Pirates for righties Joe Musgrove and Michael Feliz, third baseman Colin Moran and outfielder Jason Martin, according to announcements from both teams.

MLB: Pittsburgh Pirates at Milwaukee Brewers

Houston and Pittsburgh nearly reached an agreement on a Cole trade earlier this week, but reports of a done deal proved premature. The two sides continued to negotiate, however, and have now come together on one of the most noteworthy trades of the offseason. Cole is the second potential front-end starter the Astros have acquired since last August, when they landed longtime Tigers ace Justin Verlander, who ultimately helped pitch them to their first-ever World Series title a couple months later.

With Verlander, Dallas Keuchel, Charlie Morton, Lance McCullers and Collin McHugh among their starters on hand, the Astros didn’t exactly have a desperate need for Cole heading into next season. But adding Cole should nonetheless increase their chances to finish atop the major league mountain again in 2018, and with two years of team control remaining, he figures to help their cause through 2019. Neither Keuchel nor Morton is under contract past 2018, which helps explains why the Astros have been in on Cole and other high-end starters this offseason. The Astros’ addition of Cole should affect top free agents like Yu Darvish and Jake Arrieta, both of whom have been on their radar this winter, as it seems to remove a potential suitor for them.

Cole, who settled on a $6.75MM salary for his penultimate year of arbitration control on Friday, is coming off a somewhat disappointing season. Although the 27-year-old racked up 203 innings and continued to serve as one of the majors’ hardest-throwing starters, a bloated home run-to-fly ball rate (15.9 percent, well above his career figure of 10.0) helped lead to a personal-worst 4.26 ERA/4.08 FIP.

Given his down 2017, the Pirates weren’t in position to sell high on Cole. However, as a Scott Boras client nearing free agency, the low-payroll club knew its chances to extend him weren’t good. Consequently, the Bucs shopped Cole around the league – including to the Yankees, Twins and Cubs – before sending him to the Astros. Cole had been with the Pirates since they selected him first overall in the 2011 draft, and he looked like an ace with them at times after debuting in 2013. All told, Cole registered a 3.50 ERA/3.27 FIP with 8.44 K/9, 2.34 BB/9 and a 47.4 percent groundball rate across 782 1/3 innings in Pittsburgh.

Parting with Cole could begin a rebuild for the Pirates, who finished under .500 for the second straight year in 2017. However, acquiring three major league-ready players for him in Musgrove, Moran and Feliz may also help them compete next season. The headliner is arguably the 25-year-old Musgrove, a former top 100 prospect who has worked as both a starter and reliever since debuting in 2016. While Musgrove scuffled as a starter last season, he was utterly dominant in his first big league action out of the bullpen. Moving to a relief role enabled Musgrove to ramp up his velocity, and it helped lead to a 1.44 ERA with just under nine strikeouts per nine and a paltry 1.44 BB/9 across 31 1/3 innings. It’s unclear whether he’ll be a starter or a reliever going forward, but with five years of control, the Pirates will have time to find an ideal role for him.

Moran was a first-round pick of the Marlins in 2013 who topped out as Baseball America’s 61st-ranked prospect after that season, though he hasn’t seen much action in the majors to this point (37 plate appearances). And with the emergence of third baseman Alex Bregman, there simply wasn’t a path to playing time in Houston. The 25-year-old Moran held his own in 2017 at Triple-A – his second season at that level – with a .308/.373/.543 line in 338 PAs. Moran ranked as the Astros’ fifth-best prospect prior to the trade, according to MLB.com, which lauds “his pure left-handed swing and his ability to barrel balls easily while controlling the strike zone.” Defensively, Moran has the hands and arm to handle third, though he lacks range, per MLB.com.

Feliz, 24, amassed significant experience out of the Astros’ bullpen over the previous two seasons, during which he combined to make 98 appearances and throw 121 innings. While Feliz brought high-90s heat, posted a sky-high 13.14 K/9 and a passable 3.5 BB/9 along the way, he only managed a 4.94 ERA – owing in part to a low groundball percentage (37.1 percent) and a lofty home run-to-fly ball rate (16.5 percent). ERA indicators have been bullish on Feliz, who owns a career 3.67 FIP and 3.17 xFIP. He comes with four years of control, including his final pre-arbitration season in 2018.

Martin, an eighth-round pick in 2013, brings the least fanfare of anyone in this trade, with Ken Rosenthal of The Athletic noting on Twitter that he may end up as a reserve outfielder down the line. MLB.com agrees that he won’t turn into a regular option in the corner outfield, though it rated Martin 15th in Houston’s system and suggested he has a chance to develop into a starting center fielder. The 22-year-old spent most of last season in Double-A, where he slashed .273/.319/.483 in 320 PAs.

Tim Brown of Yahoo Sports reported the Astros would acquire Cole, and he added that the Pirates would receive Musgrove and Moran. Jon Heyman of FanRag reported the Pirates would get four total players. Rosenthal reported that Feliz and Martin were in the deal (Twitter links). Photo courtesy of USA Today Sports Images.

Players Avoiding Arbitration: National League

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The deadline for MLB teams to exchange salary arbitration figures with their arbitration-eligible players is today at 1pm ET. As such, there will be a veritable flood of arb agreements piling up in the next few hours — especially in light of a more universal approach to the “file and trial” method for teams. (That is to say, those teams will no longer negotiate one-year deals after arb figures are exchanged and will instead head to a hearing with those players, barring an agreemenr on a multi-year deal.)

Note that you can keep an eye on all of today’s deals using MLBTR’s 2018 Arbitration Tracker, which can be filtered to show only the results of the team you follow and is also sortable by service time and dollar value of the agreement. All projections that are referenced come from MLBTR contributor Matt Swartz’s annual compilation of projected arbitration salaries.

Onto today’s landslide of deals…

National League West

  • The Rockies have agreed to a $2MM salary with righty Chad Bettis, MLBTR has learned (Twitter link). That’s a fair sight more than his $1.5MM projection. Bettis surely would have had an opportunity to set a bigger platform for himself, but had to battle through testicular cancer before returning to the hill in 2017. Meanwhile, second baseman DJ LeMahieu has settled for a $8.5MM payday in his final year of arbitration, Jon Heyman of Fan Rag tweets. That’s just a hair short of the $8.8MM he was pegged for in MLBTR’s projections.
  • Giants second baseman Joe Panik is slated to earn $3.45MM in his first season of arb eligibility, Devan Fink of SB Nation was first to tweet. That’s just a hair shy of the $3.5MM that MLBTR projected. Lefty Will Smith has settled at $2.5MM, per Bob Nightengale of USA Today (via Twitter). The club has also announced deals with its remaining arb-eligible players, right-handed relievers Sam Dyson ($4.6MM projection), Hunter Strickland ($1.7MM projection), and Cory Gearrin ($1.6MM projection). (H/t John Shea of the San Francisco Chronicle, on Twitter). Strickland earns $1.55MM, Nightengale tweets.
  • The Padres and Freddy Galvis agreed to a $6.825MM deal for his lone season of team control in San Diego, tweets Robert Murray of FanRag Sports. Galvis, who spent the first several seasons of his career in Philadelphia before being traded this winter, had been projected to make $7.4MM. Infielder Cory Spangenberg settled at $1.7MM, Heyman tweets, falling below a $2.0MM projection. San Diego has also reached agreements with righty Kirby Yates and outfielder Matt Szczur, the team announced. Yates will earn $1,062,500, Heyman tweets, which is just shy of his $1.1MM projection. Szczur, meanwhile, will get $950K, a healthy boost over his $800K projection, per Dennis Lin of the San Diego Union-Tribune (Twitter link).
  • The Diamondbacks agreed to a $7.75MM deal with center fielder A.J. Pollock, Murray tweets. Pollock was projected to earn $8.4MM in his final year of eligibility before free agency. Murray also notes that Brad Boxberger is set to earn $1.85MM next year (Twitter link). Nick Piecoro of the Arizona Republic adds that lefty Andrew Chafin ($1.2MM projection) and the D-backs have a $1.195MM deal in place. Third baseman Jake Lamb, meanwhile, agreed to a $4.275MM deal with the Diamondbacks, according to USA Today’s Bob Nightengale (Twitter link). Lamb, eligible for arbitration for the first time, was projected to earn $4.7MM. He’s controllable through 2020. And ESPN’s Jerry Crasnick tweets that Chris Herrmann ($1.4MM projection) landed a $1.3MM deal. Righty Taijuan Walker has settled for $4.825MM, per Bob Nightengale of USA Today (via Twitter), which is within range but shy of the $5.0MM he projected for. Lefty Robbie Ray has settled at $3.95MM, per Nightengale (Twitter link), which falls short of his $4.2MM projection. Infielder Nick Ahmed will $1.275MM, per Heyman (via Twitter), which tops the projected figure of $1.1MM. Arizona has also announced that Chris Owings and David Peralta have agreed to terms.
  • The Dodgers are in agreement on a $6MM deal with lefty Alex Wood, per Jon Heyman of Fan Rag (via Twitter). He had projected at $6.4MM. Meanwhile, righty Josh Fields agreed to a $2.2MM deal, tweets Murray. Heyman tweets that Enrique Hernandez will earn $1.6MM. Fields’ projection of $2.2MM was on the money, whereas Hernandez topped his mark by $300K. Fields is controlled through 2019, while Hernandez is controllable through 2020. Southpaw Tony Cingrani gets $2.3MM, Murray tweets, which is just a shade over his $2.2MM projection. Outfielder Joc Pederson has also settled, per J.P. Hoornstra of the Southern California News Group (via Twitter), with Beth Harris of the Associated Press reporting a $2.6MM salary that rather handily tops the $2.0MM that MLBTR projected.

National League Central

  • All three remaining Cardinals arb-eligibles have agreed to deals, MLB.com’s Jenifer Langosch tweets. Marcell Ozuna will earn $9MM after drawin a much larger $10.9MM projection, Heyman tweets. MLBTR contributor Matt Swartz had explained that Ozuna likely wouldn’t quite reach the amount the algorithm suggested, though the actual salary still comes in a bit shy of expectations. Lefty Tyler Lyons ($1.3MM projection) receives $1.2MM, per Derrick Goold of the St. Louis Post-Dispatch (via Twitter). The Cards have also reached agreement with Michael Wacha for $5.3MM, per Nightengale (via Twitter); he was projected to earn $5.9MM.
  • The Reds agreed to a $860K salary with Anthony DeSclafani, tweets Murray. DeSclafani missed the 2017 season due to arm troubles and had been projected to earn $1.1MM. He’ll remain under Reds control through 2020. Billy Hamilton and the Reds have settled on a one-year deal worth $4.6MM, tweets Murray. A popular trade candidate this offseason, Hamilton was projected to earn $5MM and comes with another two seasons of team control. Murray also conveys that Michael Lorenzen agreed to a $1.3125MM deal, which lines up fairly well with his $1.4MM projection.
  • The Cubs have struck a deal with lefty Justin Wilson, agreeing to a one-year, $4.25MM pact, according to Gordon Wittenmyer of the Chicago Sun-Times (Twitter link). Wilson, who had been projected at $4.3MM, will be a free agent next winter. The Cubs alsoagreed to a $950K salary with infielder Tommy La Stella, tweets MLB.com’s Carrie Muskat. La Stella was projected to make $1MM in his first offseason of arbitration eligiblity and can be controlled through 2020. Right-hander Kyle Hendricks and the Cubs have agreed to a $4.175MM salary, per Nightengale (on Twitter). That sum comes in a fair bit shy of his projected $4.9MM projection as a first-time eligible player. The Cubs control Hendricks through the 2020 season. Chicago also agreed with Addison Russell, per Wittenmyer (Twitter link). The shortstop will receive $3.2MM for the coming season.
  • Nightengale reports (on Twitter) that the Brewers and breakout closer Corey Knebel settled at $3.65MM. As a Super Two player, Knebel can be controlled through the 2021 season and will be arb-eligible thrice more. He was projected at $4.1MM. MLB.com’s Adam McCalvy tweets that the Brewers and right-hander Jimmy Nelson settled at $3.7MM, which falls $1MM shy of his $4.7MM projection (though some of that discrepancy may be due to Nelson’s shoulder injury). Milwaukee also announced a deal for infielders Jonathan Villar (projected at $3MM) and Hernan Perez (projected at $2.2MM). McCalvy reports that Villar will earn $2.55MM, while terms of Perez’s deal are not yet available.
  • The Pirates have avoided arbitration with shortstop Jordy Mercer by settling on a $6.75MM salary for 2018, tweets Rob Biertempfel of the Pittsburgh Tribune-Review. Mercer, who’d been projected to earn $6.5MM, is entering his final year of team control and will be a free agent next winter. Biertempfel also reports that Gerrit Cole will earn that same $6.75MM salary in 2018 — a $3MM raise over last year (Twitter link). He has two years of control remaining and had been projected to earn $7.4MM. Righty George Kontos has also agreed to terms, per Rob Biertempfel of the Pittsburgh Tribune-Review (via Twitter). He had projected for $2.7MM and will receive a smidge more, at $2,725,000, per Bill Brink of the Pittsburgh Post-Gazette (Twitter link).

National League East

  • The Braves reached a $3.4MM deal with righty Arodys Vizcaino, per Jon Heyman of FanRag (Twitter link). He’d been projected at $3.7MM. The Braves and righty Dan Winkler agreed to a $610K salary for the upcoming season, tweets Mark Bowman of MLB.com. Winkler tossed just 14 1/3 innings in the Majors this year as he made his way back from elbow surgery. He’d projected at $800K.
  • The Marlins and Miguel Rojas agreed to a $1.18MM deal for 2018, Heyman tweets, placing him north of his $1.1MM projection. Rojas should see additional playing time following the Marlins’ wave of trades this offseason. He’s controlled through 2020. Miami also has a deal in place with infielder Derek Dietrich for $2.9MM, Heyman tweets, after projecting at $3.2MM.
  • The Mets were able to settle perhaps their most notable arb case, agreeing to a $7.4MM deal with righty Jacob deGrom, per James Wagner of the New York Times (via Twitter). That’s well shy of his $9.2MM projection, though MLBTR contributor Matt Swartz had explained the formula likely overestimated deGrom’s earning power by quite a wide margin. Fellow top righty Noah Syndergaard gets $2.975MM, per Bob Nightengale of USA Today (via Twitter), which goes a fair sight past the $1.9MM projection for the outstanding young starter, whose 2017 season was limited by injury. And reliever AJ Ramos will take home $9.225MM, according to Wagner (via Twitter). That’s just barely past the $9.2MM projection.  Wilmer Flores has also avoided arbitration with the Mets, according to Bob Nightengale of USA Today Sports (on Twitter). He’ll receive a $3.4MM salary, which falls within $300K of his projected rate. The Mets control Flores through the 2019 campaign. The Mets and right-hander Matt Harvey agreed to a one-year deal worth $5.625MM, tweets Nightengale. Harvey, who is a free agent next winter, had been projected to earn $5.9MM. Meanwhile, Marc Carig of Newsday tweets that Jeurys Familia will earn $7.925MM for the upcoming year, while Sportsnet’s Ben Nicholson-Smith reports that catcher Travis d’Arnaud will earn $3.475MM in 2018 (Twitter link). Familia, a free agent next winter, was projected at $7.4MM. The Mets control d’Arnaud through 2019, and his projection was $3.4MM. Righty Hansel Robles gets $900K, Heyman tweets.
  • Also via Nightengale (Twitter link), the Nationals agreed to a $6.475MM salary for 2018 with right-hander Tanner Roark. That falls about $1MM shy of his $7.5MM projection but still represents a noted raise of $4.315MM for Roark, whom the Nats control through 2019. Jorge Castillo of the Washington Post adds that Michael Taylor will earn $2.525MM next year. Taylor is controlled through 2020 and was projected at $2.3MM.
  • The Phillies and Maikel Franco settled on a $2.95MM salary for the 2018 season, reports Jim Salisbury of CSNPhilly.com (Twitter link). Franco, a Super Two player who’d been projected at $3.6MM, remains under club control with the Phils through the 2021 season. Second bagger Cesar Hernandez will earn at a $5.1MM rate in 2018, per MLB.com’s Todd Zolecki (via Twitter). That beats his $4.7MM projection and wraps up this year’s arb business for the Phillies.

Luhnow Refutes Report That Astros Have Deal For Gerrit Cole

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2:44pm: The Astros are still engaged with the Pirates on Cole but are also still looking at alternatives, per Bob Nightengale of USA Today (via Twitter).

11:15am: Recent chatter of a possible trade that would send right-hander Gerrit Cole from the Pirates to the Astros intensified early today, with multiple reports indicating the sides were gaining momentum. And Jon Morosi of MLB Network (via Twitter) reported that a deal was in place between the organizations that would send Cole to Houston.

Ensuing reports, though, cast doubt and then fully refuted that agreement had been reached. Astros GM Jeff Luhnow said that there was “nothing imminent” in any of the team’s trade talks, per Jake Kaplan of the Houston Chronicle (Twitter link). And Jeff Passan of Yahoo Sports reported (Twitter links) first that the deal had not yet fully been completed and ultimately that the apparent news of an accord was simply a “false rumor.”

All told, it seems there’s no reason at this time to believe a deal is particularly close to coming to fruition, beyond the fact that the sides have evidently engaged in serious discussion. Passan says a trade “is not happening” right now, while noting “talks could pick back up quickly.” And Jon Heyman of Fan Rag (via Twitter) suggests a trade “isn’t necessarily close.” Indeed, he also hears of another suitor being involved beyond the Yankees (the organization that once seemed likely to land Cole before those talks fizzled). With the necessary proviso that the situation can always change, then, it appears we’re mostly back to the status quo ante on Cole’s trade status.

Cole, now 27, remains a top trade candidate. He was the first overall pick in the 2011 draft. He ascended quickly to become Pittsburgh’s top pitcher, though he has not exactly been at his peak of late. In 2017, he worked to a 4.26 ERA in 203 frames. While that represented a promising return to full health after some limitations in 2016, it also was hardly the output that had come to be expected.

In 2015, after all, Cole had fully emerged as a staff ace, turning in 208 frames of 2.60 ERA ball with 8.7 K/9 and 1.9 BB/9. While his velocity and key peripherals have largely held steady, Cole was tagged for 1.37 home runs per nine — over twice the rate he had maintained previously. As Travis Sawchik of Fangraphs explains, Cole’s heater surrendered quite a bit of added pop in 2017, but there’s reason to believe he can refine his offerings to regain his standing. Cole will cost a projected $7.5MM in 2018 with one more season of arbitration control thereafter.

For the ’Stros, we’ve seen clear indication of late that the organization wishes to boost an already-strong rotation unit that was already boosted late last year with the addition of Justin Verlander. With Dallas Keuchel, youngster Lance McCullers, and the increasingly interesting Charlie Morton already on hand, along with breakout righty Brad Peacock, it seems Houston’s interest in starters is a want moreso than a need.

On the Bucs’ side, it’s still hard to know how things will play out this winter. Even if the team deals away Cole and other veteran trade candidates (most notably Andrew McCutchen), it may still have some designs on competing in ’18. But parting with Cole would unquestionably mean delivering a major blow to the team’s expectations for the coming season.

More broadly, questions persist about just when and how the player market will get moving in earnest. A deal involving Cole might have given some clarity to the outlook for free agent starters, while perhaps leaving the Astros free to dedicate financial resources to other needs (most notably, the bullpen). But with this prospective swap not occurring — at least at this time — we’re left with the same overall market landscape.

Astros, Pirates Gaining Momentum Toward Gerrit Cole Swap

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10:51am: A deal is “imminent,” Jon Morosi of MLB Network tweets.

10:29am: Whitley is likely to be considered “untouchable” by the ’Stros, per Bill Brink of the Pittsburgh Post-Gazette (via Twitter), though it seems the two young outfielders could still be in play in discussions.

10:17am: The Astros and Pirates appear to be “picking up steam” in talks involving Pittsburgh righty Gerrit Cole, MLB.com’s Jesse Sanchez reports. Negotiations on Cole were reported recently, as Astros owner Jim Crane has made clear his organization is interested in adding a major starter.

Cole, 27, has long been seen as a front-line power starter, though he has had some stumbles in the past two seasons. While he topped two hundred innings and threw as hard as ever in 2017, he only managed a 4.26 ERA.

As always, contract rights are a key component of value. Cole is controllable for two more seasons via arbitration. MLBTR’s arbitration projections suggest he could earn $7.5MM for the 2018 season after a $3.75MM salary in 2017.

It remains unclear just what kind of trade package would suffice to pry Cole free from the Bucs, who originally selected him with the first overall pick of the 2011 draft. Yahoo Sports’ Jeff Passan has suggested (Twitter link) that Pittsburgh is holding out for a headliner such as outfielder Kyle Tucker or righty Forrest Whitley, while the ’Stros are understandably hoping to hold on to their two top-rated prospects. The sides are also said to have discussed young outfielder Derek Fisher.

Also of note is the fact that, per Sanchez, Cole “was Houston’s top target last summer” when the organization was searching to bolster its rotation. It seems the prior interests has carried into the offseason. Of course, other organizations may also still be involved. At one point, the Yankees were said to be gaining momentum toward a deal for Cole, though that chatter evidently cooled down. Other organizations surely also have interest in the righty.

Astros “Actively Pursuing” High-End Starters, Have Discussed Gerrit Cole With Pirates

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12:27pm: Jeff Passan of Yahoo Sports reports (via Twitter) that the Astros have had talks with the Pirates about a trade that would send Cole to Houston. Young outfielder Derek Fisher’s name has come up in negotiations, though Passan notes that the Pirates “almost certainly would need Kyle Tucker or Forrest Whitley” to headline the deal.

The 24-year-old Fisher entered the 2017 season as a well-regarded outfield prospect and elevated his status with a .318/.384/.583 batting line in 384 Triple-A plate appearances. That led to Fisher’s first MLB promotion, though he struggled to a .212/.307/.356 slash in a small sample of 166 PAs with Houston.

Tucker and Whitley, by most accounts, two of the top prospects in Houston’s system (if not the two very best). Each is a former first-round pick, with Tucker going fifth overall in 2015 and Whitley being tabbed with the 17th selection in the 2016 draft. Both reached Double-A in 2017 despite being four to five years younger than the league average in the Texas League. Whitley displayed some of the most intriguing strikeout numbers of any starter in the minors, while Tucker posted a composite .874 OPS between Class-A Advanced and Double-A.

11:25am: The Astros have been connected to Yu Darvish at various points throughout the offseason, and owner Jim Crane confirmed to reporters today that his club is in the market for a top-shelf pitching addition (Twitter links, with video, from MLB.com’s Alyson Footer). Crane didn’t suggest that his front office is zeroed in on one particular target, instead suggesting that an upgrade could come either via free agency or trade.

“[General manager] Jeff [Luhnow] and his team are actively pursuing a high-end starter,” said Crane. “We don’t have anything done yet, and it may not come to be, but we’re constantly looking to improve the team. … We’re always trying to upgrade the team, so it would have to be a significant upgrade. We’re happy where we’re at. I’ve been told that on paper we have the best team in baseball, but paper doesn’t win titles.”

Darvish has been the most prominently mentioned name in connection with the Astros, though the free-agent market also features Jake Arrieta while the trade market could bear names such as Gerrit Cole and Chris Archer (among other, potentially yet unforeseen candidates).

Houston, of course, already boasts a stacked starting rotation. Justin Verlander looked arguably better than ever following an Aug. 31 trade from Detroit to Houston, and he’ll return to front a rotation that includes 2015 AL Cy Young Winner Dallas Keuchel, high-upside young righty Lance McCullers, and 2017 breakout stars Charlie Morton and Brad Peacock. The ’Stros also have veteran Collin McHugh on hand as a solid back-of-the-rotation option and a number of high-end prospects waiting in the upper minors (including Francis Martes and David Paulino, each of whom has already made his MLB debut).

However, the Astros could also be on the verge of losing Keuchel and Morton to free agency, as each has just one year of team control remaining. While the development of Martes and/or Paulino could lead to the emergence of some internal replacements, Houston could very well see Verlander depart after the 2019 season. As such, adding a top-end starter right now would not only give the Astros an even more formidable collection of starters, it’d also serve as insurance against the possibility of losing arguably their top three starters over the course of the next two years (although Cole, it should be noted, only comes with two years of team control himself).

Cubs Rumblings: Arrieta, Darvish, Cobb, Cole, Yelich

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The latest on the North Siders comes from Bruce Levine of CBS Chicago…

  • To this point, the Cubs and Cardinals have shown the most interest in free agent right-hander Jake Arrieta, according to Levine. The Cubs reportedly may be willing to offer a four-year, $110MM contract to the soon-to-be 32-year-old Arrieta, who mostly thrived with the team from 2013-17.
  • Elsewhere on the pitching market, the Cubs remain in contact with Yu Darvish and Alex Cobb, per Levine, though he casts doubt on them being the favorites to sign the latter. They’re wary of Cobb’s asking price, which appears to be in the $17MM to $19MM range per annum, Levine relays.
  • Along with the previously reported Chris Archer, the Cubs are interested in swinging a trade for Pirates righty Gerrit Cole, Levine writes. This is the first reported connection of the offseason between the Cubs and Cole, who has mostly been linked to the Yankees. Talks between the Yankees and Pirates simmered last month, though, which could pave the way for another team to swoop in and land the 27-year-old. Given that Chicago and Pittsburgh are in the same division, the Cubs are obviously quite familiar with Cole. The Scott Boras client is under control for the next two seasons, and he’ll earn a projected $7.5MM in 2018.
  • Looking beyond starting pitching possibilities, Levine doesn’t rule out more additions to the Cubs’ bullpen or position player group. With Wade Davis having signed with the Rockies, the Cubs could be in the market for a closer if they don’t want to turn the ninth-inning reins to either of the just-signed Brandon Morrow–Steve Cishek tandem or another in-house option. But whether the team bids on a top free agent like Greg Holland or Addison Reed could depend on how much spending room it has left after it picks up another starter, per Levine. Further, it’s possible the Cubs could try to trade for Marlins outfielder Christian Yelich, who would likely cost them fellow center fielder Albert Almora Jr. in a deal, Levine contends. He also lists free agent center fielder Lorenzo Cain as a name to watch for the Cubs.

Latest on Gerrit Cole

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TODAY: Chance Adams and Miguel Andujar could be part of a hypothetical Yankees/Pirates trade for Cole, Kristie Ackert and Bill Madden of the New York Daily News report.  If those two prospects and Frazier are all included, that could mean the Pirates will also include Josh Harrison in the deal.  While the Yankees have also talked to the Diamondbacks about Patrick Corbin and the Tigers about Michael Fulmer, it seems as if Cole is New York’s preferred target of the three pitchers; Corbin is under control for just the 2018 season while Detroit is putting an enormous asking price on Fulmer’s services.

SATURDAY: A trade of Gerrit Cole doesn’t appear to be imminent at this point, ESPN’s Jerry Crasnick reports (via Twitter). Though it seemed at one point that talks between the Yankees and Pirates were picking up momentum, Crasnick says that multiple clubs have engaged with the Pirates since the winter meetings; the prospect of a Cole trade isn’t “Yankees or bust”.

The Yankees don’t appear to have tunnel vision on a Cole deal, either. Though the Bronx Bombers are trying to net Pittsburgh’s prized right-hander with proposals centered around Clint Frazier, Bill Brink of the Pittsburgh Post-Gazette reports that the Bombers offered similar packages to the Rays and Tigers for Chris Archer and Michael Fulmer, respectively. From my perspective, it seems as though the Yankees may not be interested in Cole specifically, but rather could have a broader objective to move the 23-year-old Frazier in exchange for pitching help. Following the club’s acquisition of Giancarlo Stanton, it appears as though Frazier is destined to be a high-ceiling depth piece for the Yankees, whose outfield picture features Aaron Judge, Aaron Hicks and Stanton, with Brett Gardner and Jacoby Ellsbury also on the roster.

In a brilliant piece for the New York Post, Joel Sherman points out that the Yankees can afford to be patient, as they did with Stanton this winter and Sonny Gray this summer. They’re not desperate for pitching right now, as their rotation is set to feature Luis Severino, Masahiro Tanaka, Gray, CC Sabathia and Jordan Montgomery. While each of those pitchers carries a question mark or two (or in Sherman’s words, “red flag possibilities”), the ballclub wouldn’t be chastised if it were to have these five in the rotation come Opening Day. Furthermore, top prospects Chance Adams and Justus Sheffield could reach the majors before long, with Adams being the more likely of the two to contribute in 2018.

From the Pirates’ side, they don’t necessarily need another outfielder. However, it stands to reason that a trade of Cole could set off a domino effect that prompts Pittsburgh to sell off other pieces. As Brink states in a separate article (one that deals with the “what if” scenario of a Cole trade), trading the right-hander could act as “the first tug on the rope that raises the white flag on 2018.” In that case, they’d be highly likely to shop Andrew McCutchen, the 2013 NL MVP, and his hypothetical trade would mean that Frazier could suddenly become a useful piece.

It’s unclear how serious the Pirates’ talks are with other potential suitors at this time, or even whether those clubs have made formal offers. Crasnick notes in his above tweet that a deal probably won’t come together before Christmas, but adds that trade talks could pick up again between then and New Year’s. It stands to reason that Pittsburgh could be patient for months, or even wait until the 2018 trade deadline to trade Cole (if they opt to move him at all). It will of course be far more evident how the Pirates’ playoff chances compare with those of the other NL Central clubs. However, there are plenty of reasons to move him now as well, including the high probability that clubs would be willing to pay more to have Cole for a full season, and the risk that the Yankees might acquire a different starter.

Pirates Reportedly “Motivated” To Move Gerrit Cole

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10:19am: Joel Sherman of the New York Post reports (via Twitter) that the Yankees would also likely balk at including either of Justus Sheffield or Estevan Florial in a package for Cole. Sherman suspects that any package would be structured around Clint Frazier and Chance Adams.

10:07am: Feinsand tweets that there’s been no change since this morning, reporting that the two sides aren’t close to a deal. Like Heyman and Bowden (as well as the YES Network’s Jack Curry), Feinsand adds that the Yankees have no plans to trade Torres.

9:45am: Jim Bowden of MLB Network Radio on SiriusXM now tweets that the Pirates and Yankees are close to a deal that would send Cole to New York. Torres is not a part of those talks, according to Bowden.

Dec. 22, 8:17am: Both Feinsand and Heyman throw some cold water on the talks with the Yankees, as Feinsand now hears that the advancement in talks last night may have been “overstated.” Heyman notes that there’s no positive momentum in talks between the two sides at this time.

Dec. 21, 9:49pm: Passan adds more context in a full column, reporting that the Yankees are “hopeful” that they can entice the Pirates to agree to a deal that does not include Torres, who is the leading candidate to succeed Starlin Castro as the everyday second baseman in the Bronx. Passan suggests that Cole could very well be traded before Christmas and adds that the Pirates may also market McCutchen as they prepare for a rebuilding effort.

8:59pm: MLB.com’s Mark Feinsand tweets that talks between the Yankees and Pirates are “getting hot,” though he notes that it remains unclear if a deal is on the verge of completion.

8:24pm: FanRag’s Jon Heyman tweets that the primary sticking point in talks has been that the Yankees want to headline a package for Cole with Frazier, while the Pirates want Torres to be the headliner.

8:08pm: The Pirates and Yankees are again discussing a trade that would send right-hander Gerrit Cole to New York, according to Jeff Passan of Yahoo Sports (Twitter links). While there’s been plenty of trade talk surrounding Cole this winter, Passan now reports that the Pirates are “motivated” to get a deal done and there’s a “very strong”likelihood that he’ll be traded.

The Yankees, according to Passan, are the likeliest landing spot for Cole, with one source telling him that it’s a matter of “when” a trade will ultimately be agreed upon rather than a matter of “if.”

Talks between the Bucs and Yanks have been ongoing, to some extent, since the Winter Meetings at the least, though The Athletic’s Ken Rosenthal reported earlier this week that those negotiations had “cooled” to some extent. The Pirates at one point were said to have been pushing for Gleyber Torres to be included in the deal, though it’d be tough for the Yankees to part with the touted young infielder. Other names that have been mentioned in rumors include young outfielder Clint Frazier and right-hander Chance Adams, though the permutations of the current talks remain unreported.

Cole, 27, is controlled for another two years and comes with a projected arbitration salary of $7.5MM, per MLBTR contributor Matt Swartz. He’d give the Yankees another high-octane arm to add to the top end of a rotation that also includes Luis Severino, Sonny Gray, Masahiro Tanaka, CC Sabathia and Jordan Montgomery at present. Certainly, that strong group and the presence of Adams and Justus Sheffield in the upper minors presents the Yankees with an enviable stock of starters, but Cole, a former No. 1 overall pick, also comes with a Cy Young caliber season on his resume and stands out as a nice rebound candidate on the heels of a down season (by his standards).

Cole was one of just 15 pitchers to top 200 innings in 2017, and in his 203 frames he averaged 8.7 K/9 and 2.4 BB/9 with a 45.8 percent ground-ball rate and a fastball that averaged 96 mph. A huge spike in Cole’s HR/9 rate (from 0.54 in 2016 to 1.37 in 2017) led to a bloated 4.26 ERA, but he also maintained an ability to miss bats, limit walks and keep the ball on the ground. All of those trends point to the possibility of a return to form, though moving to the AL East (and, specifically, Yankee Stadium) isn’t necessarily a great recipe to cut back on one’s home run rate.

If Cole is ultimately traded, the question then becomes just how far the Pirates will go in terms of selling off veteran assets. Josh Harrison and Andrew McCutchen have both been oft-mentioned trade candidates this winter — speculatively speaking, Harrison could hold appeal to the Yankees — with each becoming increasingly expensive and moving closer to free agency. McCutchen will hit the open market next offseason, while Harrison is controlled through 2020 by virtue of a pair of club options but is now commanding $10MM+ per season.

Yankees Rumors: Cole, Darvish, Ellsbury

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It seems the Yankees and Pirates have lost momentum toward a prospective deal involving righty Gerrit Cole. Per Ken Rosenthal of The Athletic, via Twitter, talks have “cooled” since the Winter Meetings wrapped up. While Cole’s talent would be a welcome addition to just about any big league rotation, the Bucs are reported to have a lofty asking price on the former No. 1 overall pick, and the Yankees don’t necessarily need to feel urgency to finalize a deal. New York has already agreed to bring CC Sabathia back on a one-year pact, and he’ll join Luis Severino, Sonny Gray, Masahiro Tanaka and Jordan Montgomery in a mix of quality rotation options (with prospects Justus Sheffield and Chance Adams looming in the upper minors).

A few notes out of the Bronx…

  • Rosenthal also writes in a notes column (subscription required/recommended) that despite that group of starting options, the Yankees have some interest in free-agent righty Yu Darvish. A serious pursuit could require shedding some other salaries, as the Yankees have a known preference to dip under the luxury tax threshold and surely would like to enter the season with some degree of leeway in that regard, should the need for in-season additions on the trade market arise.
  • While Darvish may seem a curious fit given that quality group of options, George A. King III of the New York Post also hears that the Yanks do have some degree of interest. New York is monitoring the Darvish market to see if his price comes down at all, per King, who adds that the Yankees do still want to add another starter even with the aforementioned arms in tow. Even if Darvish’s price drops to a lower level than expected, the Yankees would likely still need to move Jacoby Ellsbury’s salary (or a significant portion of it) in order to work him into the mix and remain under the tax barrier.
  • Jacoby Ellsbury “might consider” waiving his no-trade clause for a few teams, reports Jon Heyman of FanRag Sports, who suggests the Giants as a possibility in that regard. That’s probably music to the ears of many Yankees fans, though it’s worth noting that there’s no indication that the Giants would want any part of Ellsbury’s enormous contract. San Francisco has a need for a center fielder, but the Giants have their own luxury tax concerns. Even if the Yankees are willing to absorb a significant amount of the remaining $68MM+ that Ellsbury is owed, there’s no indication that the Giants view him as an upgrade. San Francisco could, for instance, simply sign a player in the Jarrod Dyson mold to a considerably shorter-term deal, knowing that he’d be a vastly superior defensive option with lesser financial risk.

Yankees, Pirates Discussing Gerrit Cole Trade

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SATURDAY: In return for Cole, the Pirates have been pushing for infielder Gleyber Torres (MLB.com’s second-ranked prospect), per Jon Heyman of FanRag (Twitter link). Heyman doubts the Yankees would give up Torres, though, and he notes that it’s more likely a deal would include Frazier and at least one other piece. The two teams are continuing to negotiate.

THURSDAY: The Pirates and Yankees are discussing a trade that would send right-hander Gerrit Cole to the Bronx Bombers in exchange for a trade package that includes outfielder Clint Frazier, George A. King III of the New York Post reports.  The Bucs are also reportedly looking for a young starting pitcher who is on the verge of being ready for the big leagues; righty Chance Adams may be the Yankees prospect that best fits this description, though there isn’t any indication the Pirates are specifically targeting Adams.

Cole has been linked to the Yankees in rumors throughout the Winter Meetings, though New York was (at least at one point) under the impression that Cole wasn’t being made available.  Then again, Pittsburgh hasn’t given much indication all offseason if the team plans to start selling off pieces or if it still plans to contend in 2018.  Cole, Andrew McCutchen, and Josh Harrison have drawn the most trade buzz this winter, with the consensus being that McCutchen is the likeliest to be dealt regardless of whether the Bucs are going for it or not.  Since McCutchen is only under contract through 2018, adding a big league-ready young outfielder like Frazier would seem to fit right into the Bucs’ plans.

Trading McCutchen or Harrison would free up more money from the Pirates’ 2018 payroll, though dealing Cole would also be the bigger indicator that Pittsburgh will explore at least a soft rebuild.  Cole is also set for a pretty healthy salary next season (projected by MLBTR to earn $7.5MM) in his second year of arbitration eligibility, though hardly a big sum for a team like the Yankees, their desire to get under the luxury tax threshold notwithstanding.  There is no shortage of teams that would be interested in two years of control over a 27-year-old who has shown ace-like stuff in the past — the Twins, Rangers, and Orioles are a few other teams known to have checked in with the Pirates on Cole this offseason.

Cole posted a 4.26 ERA, 8.7 K/9 and 3.56 K/BB rate over 203 innings for Pittsburgh last season.  It was the second time Cole has topped the 200-inning mark in his young career, as he bounced back nicely from an injury-shortened 2016 season.  One worrisome number, however, was a big spike in home runs allowed, as Cole’s 1.4 HR/9 rate was more than double his 0.6 career mark prior to last season.  He was hardly the only pitcher to run into trouble with the long ball in 2017, though it is a bit of a troubling statistic if Cole is moving from pitcher-friendly PNC Park to a hitters’ paradise like Yankee Stadium.

Frazier has already been part of one blockbuster deal in his young career, as he and Justus Sheffield were the headliners of the prospect package the Indians sent to the Yankees in the Andrew Miller trade in July 2016.  The fifth overall pick of the 2013 draft, Frazier has long been touted as one of the game’s best prospects, ranked as high as 16th in the sport by the Baseball Prospectus top 100 list prior to the 2017 season.

For all of Frazier’s promise, however, he may be an expendable part in the Bronx.  Giancarlo Stanton and Aaron Judge look to own the corner outfield slots for years to come, with Aaron Hicks, Brett Gardner, and Jacoby Ellsbury in center field and in reserve roles.  (This doesn’t even account for other prospects like Estevan Florial, or the possibility that the Yankees could pursue another star outfielder like Bryce Harper in free agency.)  New York’s farm system is more than deep enough to withstand the potential loss of Frazier or a pitcher like Adams for a young arm of Cole’s caliber, as he would slot right into a scary starting five that also includes Luis Severino, Masahiro Tanaka, Sonny Gray, and Jordan Montgomery.

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