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Jacob deGrom

Free Agent Notes: deGrom, Braves, Taillon, Anderson, Gibson

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The five-year, $185MM deal between Jacob deGrom and the Rangers came together pretty quickly, and deGrom didn’t give the Mets a chance to counter the offer, ESPN’s Buster Olney writes.  This isn’t to say that the Mets would have countered, as they “had no intention of offering anything close to where the winning bid landed.”  While the Mets had some sense in November that deGrom might prefer to remain in New York if his offers were all in the same price range, Olney writes that some in the organization felt deGrom was starting to gradually distance himself from the Mets as the season went on.

There was also some mutual interest between deGrom and the Braves, relating back to an October report suggesting deGrom would ideally like to pitch closer to his home in Florida.  According to Olney, the Braves were recently looking into deGrom, but his desired price tag was too high for the team.

Here’s some more buzz from around the free agent market, on players both already signed and still available…

  • The Mets “made a serious run…hoping to close a deal” with Jameson Taillon last week, according to SNY’s Andy Martino.  New York was known to have interest in Taillon, and this increased push seemingly indicates that he is pretty high on the team’s list of targets.  That said, Martino thinks “it’s easy to see another team offering more than the Mets” for Taillon, as Justin Verlander is the Amazins’ top target and Carlos Rodon may be the backup plan.  Past reports indicate that the Mets are looking to acquire an ace (i.e. Verlander or Rodon) and then another starter from the next tier of the free agent pitching market, which includes Taillon and several other arms.
  • The Mariners had interest in trading for Brian Anderson during the 2021 season, The Seattle Times’ Ryan Divish reports, but the Marlins wanted too much in return.  With Anderson now a free agent, Divish wonders if Seattle might again look to add the third baseman/outfielder, who brings some multi-positional ability and perhaps some bounce-back potential.  Anderson has hit only .233/.322/.359 over 647 plate appearances and 165 games since the start of the 2021 season, with injuries limiting his playing time.  Miami opted to non-tender Anderson last month, rather than pay him a projected $5.2MM in arbitration salary.
  • Kyle Gibson agreed to a one-year deal with the Orioles, and The Athletic’s Ken Rosenthal reports that Gibson turned down a similar offer from an unknown team.  Baltimore’s offer was preferable to Gibson because of the Orioles’ strong infield defense, the more pitcher-friendly left-field dimensions at Camden Yards, and the chance to work with catcher Adley Rutschman.

Rangers Sign Jacob deGrom To Five-Year Contract

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The Rangers have made their huge rotation splash, announcing agreement with Jacob deGrom on a five-year contract. It’s a reported $185MM guarantee, and the deal also includes a full no-trade clause. The VC Sports Group client will make $30MM next season, followed by successive $40MM salaries in 2024-25, $38MM in 2026 and $37MM in 2027.

The contract also contains a conditional option for the 2028 campaign, with salaries dependent on the health of deGrom’s arm over the first four seasons. If the hurler undergoes Tommy John surgery or suffers any elbow or shoulder injury that leads to a 130-day injured list stint within a season or a full calendar year absence over multiple campaigns, a club option would kick in. That’d be valued at $20MM, but it’d jump to $30MM if deGrom posts a top-five Cy Young finish at any point during the deal or tallied a cumulative 625 innings over the next five seasons. It’d go to $37MM if he pitches 725-plus frames or secures three top-five Cy Young finishes.

If deGrom doesn’t suffer the kind of injury that’d trigger the conditional provision, he could vest the 2028 option at $37MM by pitching 160+ innings in ’27 and securing a top-five Cy Young finish. In that case, he’d only need to pass a postseason physical to max out the contract at $222MM over six seasons.

“We are thrilled that Jacob deGrom has decided to become a Texas Ranger,” general manager Chris Young said in the press release. “Over a number of seasons, Jacob has been a standout Major League pitcher, and he gives us a dominant performer at the top of our rotation. One of our primary goals this off-season is to strengthen our starting pitching, and we are adding one of the best.”

It’s the biggest move of the offseason to date and the latest massive free agent strike out of Arlington. The Rangers committed more than a half-billion dollars to the trio of Corey Seager, Marcus Semien and Jon Gray last winter. That was designed to lay the foundation for a full-fledged return to contention in 2023. The Rangers didn’t see their desired steps forward from a win-loss perspective in 2022, largely because of a lackluster rotation behind Gray and Martín Pérez. Texas has suggested they were prepared to attack the top of the market to fortify the biggest weak point on the roster. They’ve done so with a shocking five-year deal for arguably the sport’s best pitcher.

deGrom is one of the most accomplished arms of his generation. While he fell to the ninth round of the 2010 draft and didn’t reach the majors until just shy of his 26th birthday in 2014, he immediately cemented himself as one of the game’s top pitchers. deGrom worked to a 2.69 ERA in his first 22 starts to secure the NL Rookie of the Year award and kick off a career as one of the league’s top hurlers.

The righty posted an ERA between 2.54 and 3.53 in each of the next three seasons, twice receiving down-ballot Cy Young support. Already a borderline ace, he took his game to new heights in 2018. deGrom twirled 217 innings with an MLB-best 1.70 ERA to secure his first Cy Young. The Mets inked him to a $120.5MM extension after that season. He followed up by repeating as the Senior Circuit’s best pitcher, claiming a second Cy Young with a 2.43 mark over 204 innings. He had another dominant season in the abbreviated 2020 campaign, and got off to one of the greatest first halves in history in ’21.

Through his first 15 starts that year, the four-time All-Star posted a microscopic 1.08 ERA while striking out an incredible 45.1% of opposing hitters. He was nagged by some minor health issues throughout the first few months, and that culminated in an injured list stint for forearm tightness right around the All-Star Break. While that wasn’t initially expected to lead to an extended absence, deGrom would wind up missing the remainder of the season. That September, New York president Sandy Alderson said deGrom had been dealing with a low-grade tear in his UCL, an eyebrow-raising assertion considering the right-hander had undergone Tommy John surgery before making his MLB debut. The pitcher refuted that, calling his ligament “perfectly fine.”

After a full offseason, deGrom was expected to return in 2022. Late in Spring Training, he felt some soreness during a between-starts throwing program. He was diagnosed with a stress reaction in his scapula and shut back down, and the injury wound up costing him the first four months of this past season. By the time he returned to the mound in early August, more than a full calendar year had gone by.

With that kind of layoff, one might’ve expected deGrom to show some signs of rust. Instead, he returned as his peak self, immediately dominating opponents yet again. The Stetson product averaged an absurd 98.9 MPH on his fastball and 92.6 MPH on the cutter/slider that serves as his go-to secondary offering. He struck out 42.7% of opponents against a minuscule 3.3% walk percentage. Opposing hitters swung and missed at 21.1% of his total pitches; no other starting pitcher with 50+ innings had a swinging strike rate above 17%. He struck out eight over six innings during his lone playoff start against San Diego.

A three-homer outing in Atlanta to end his season kicked deGrom’s ERA up to 3.08 in his abbreviated season, but there’s little doubt he’s still capable of performing at his top level if healthy. No pitcher on the planet is as dominant as deGrom on a per-start basis. He predictably opted out of the final $32.5MM on his deal with the Mets at the end of the season.

High-upside as this signing can be for the Rangers, there’s certainly plenty of risk in this kind of commitment to a pitcher who lost significant chunks of the past two seasons with arm issues. He’s worked just 162 1/3 innings (including playoffs) since the start of 2021. While deGrom had no control of the prorated season in 2020, he’ll still be expected to shoulder a full rotation workload despite having tossed just 224 1/3 cumulative innings over the last three years.

deGrom turns 35 years old in June. There’s no indication he’s on the verge of any performance regression. Texas’ commitment runs through his age-39 campaign, and there’s the potential for the deal to go sideways if his form tails off later into his 30’s. Now-former teammate Max Scherzer and fellow top free agent Justin Verlander have shown it’s not of the question for a pitcher to remain at peak form as he approaches 40. Neither Scherzer nor Verlander had dealt with the kind of injuries in their mid-30’s that have plagued deGrom, though.

The $185MM guarantee significantly tops MLBTR’s three-year, $135MM prediction at the start of the offseason. It’s the sixth-largest deal for a free agent pitcher in MLB history, trailing those of Gerrit Cole ($324MM), Stephen Strasburg ($245MM), David Price ($217MM), Scherzer ($210MM with the Nationals) and Zack Greinke ($206.5MM). The deal contains a $37MM average annual value that ranks second among any deal in big league history. Only Scherzer’s three-year pact with the Mets — which came out to $43.333MM per season — is higher.

Next year’s $30MM salary will bring Texas’ projected 2023 payroll commitments to around $170MM. That’d be a franchise-record tally for the Rangers, but there’s no indication the organization is planning to curtail spending any time soon. Owner Ray Davis and Young have each indicated there’s room for the club to be active on the open market, and there’s still plenty of work to be done in turning their 68-win roster into a contender in a difficult AL West. Young and skipper Bruce Bochy are each headed into their first full season at the helm, and they’ll expect to break a six-year playoff drought.

deGrom goes to the top of a rotation that brings back Gray and Pérez, who accepted a qualifying offer. The Rangers acquired Jake Odorizzi from the Braves at the start of the offseason, and Dane Dunning is a decent back-of-the-rotation arm. That’s a viable starting five, but the team’s rotation depth is still lacking and they could add another arm from outside the organization. The infield and catcher are in strong shape. Adolis García is the only outfielder who’s guaranteed everyday reps, leaving two spots that could be addressed, and the team figures to add at least one reliever.

The contract contains a $37MM luxury tax hit. The average annual values of a team’s commitments are relevant for competitive balance tax purposes. Signing deGrom brings Texas around $192MM in estimated CBT figures, per Roster Resource, leaving them around $40MM shy of the lowest $233MM threshold.

The Mets will have to rapidly turn the page, bidding farewell to one of the best pitchers in franchise history. New York has also seen Chris Bassitt, Taijuan Walker and Trevor Williams hit free agency. They’re sure to add to a starting staff led by Scherzer and Carlos Carrasco. Free agency offers a pair of remaining aces in Verlander and Carlos Rodón, and the big-spending Mets have previously been tied to both pitchers. Losing deGrom only figures to increase their urgency to bring in one of those two hurlers, and they’ll need to retain or replace free agent center fielder Brandon Nimmo.

New York receives modest compensation for deGrom’s departure. The team made him a qualifying offer at the start of the offseason, which he rejected. As a team that paid the luxury tax in 2022, New York receives the lowest compensation: a pick after the fourth round of next year’s amateur draft. The Rangers neither paid the luxury tax nor received revenue sharing this year. They’ll therefore surrender their second-highest pick in next year’s draft and forfeit $500K in international signing bonus space. Should they sign another qualified free agent this offseason — both Seager and Semien had turned down a QO last winter — they’d be stripped of their third-highest selection.

Jeff Passan of ESPN was first to report deGrom received a $185MM guarantee, and that the deal contained a conditional sixth-year option that could push its value to $222MM. Levi Weaver of the Athletic reported the yearly salary terms. Ronald Blum of the Associated Press reported the details of the 2028 option.

Image courtesy of USA Today Sports.

Rays Have Been In Contact With Jacob deGrom

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The Rays are among the teams that have reached out to the representatives for Jacob deGrom, reports Andy Martino of SNY. They join the Rangers, Yankees and incumbent Mets as clubs known to have some amount of interest, although there are surely a number of other teams in the bidding.

Needless to say, Tampa Bay represents a long shot in the race for any top free agent. The Rays consistently run payrolls in the bottom five to ten, and it’s impossible to envision them winning any all-out bidding war against either New York franchise or a Texas club that has rapidly pushed its payroll upwards and seems determined to land impact pitching this winter. Ken Rosenthal of the Athletic unsurprisingly writes that Tampa Bay officials aren’t bullish on their chances of signing deGrom.

Still, there’s no harm for the Rays in touching base with the four-time All-Star’s camp. deGrom is a Florida native and a Stetson product, and there’s been some speculation he could welcome an opportunity to return to the Southeast. To be clear, the pitcher himself hasn’t publicly aired any geographic preferences. The Rays also offer a more clearly competitive roster than the Rangers, although it’s debatable whether they’re better positioned to contend for a World Series than the Yankees, Mets or other teams that could enter the bidding like the Dodgers and Giants.

The Rays opened the 2022 season with a payroll just south of $84MM, per Cot’s Baseball Contracts. Roster Resource estimates their 2023 commitments around $68MM at present, so there should be a bit of room for president of baseball operations Erik Neander and his staff to augment the roster. Adding a player like deGrom would require blowing this year’s franchise-record spending level out of the water, though, with MLBTR predicting the two-time Cy Young winner to land a record $45MM average annual value over a three-year term.

The projected $135MM guarantee would be the second-largest expenditure in franchise history, training only the $182MM extension signed by shortstop Wander Franco last offseason. That was spread over 11 years, while a deal for a 34-year-old ace would involve much higher salaries over a shorter term. Tampa Bay was reportedly willing to offer Freddie Freeman a deal in the $150MM range last winter, but even that would’ve been dispersed across six to seven seasons. Tyler Glasnow, who signed an extension in August, is slated for a $25MM guarantee in 2024 that’ll mark the largest single-season salary the team has paid.

Yankees Have Shown Preliminary Interest In DeGrom, Senga

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The vast majority of Yankee fans are fixated on the team’s quest to re-sign reigning AL MVP Aaron Judge, but the Yankees are also looking into potential pitching upgrades. Andy Martino of SNY reports the Yankees recently requested Jacob deGrom’s medical records, and MLB.com’s Jon Morosi tweets that they’ve been in touch with NPB ace Koudai Senga’s representatives.

Neither development is indicative of an all-out pursuit, of course. The Yankees have the financial wherewithal to sign any free agent in any given offseason, so it only stands to reason they’d make sure to be keenly aware of the potential market/asking price and the current medical status of any market’s top targets. At present, there’s no indication the Yankees have actually had a formal meeting about either pitcher.

The Yankees currently project to have a five-man rotation of Gerrit Cole, Nestor Cortes, Luis Severino, Frankie Montas and Domingo German, though righty Clarke Schmidt and prospects Jhony Brito and Randy Vasquez could also pitch their way into the mix before long. German, 30, was solid through 15 games (14 starts) last season but was limited to 92 2/3 innings — minors and big leagues combined — while battling a shoulder impingement. Montas, acquired this summer with the expectation he’d be a key rotation piece down the stretch in ’22 and all season in ’23, struggled to a 6.35 ERA in eight starts with the Yankees. He also spent a bit more than two weeks on the injured list due to shoulder inflammation.

As things stand, the Yankees project to carry a $206MM bottom-line payroll, per Roster Resource, although their luxury-tax bill is already north of $222MM. Judge alone could push the Yankees into the second tier of luxury penalization, and both Senga and (especially) deGrom would come with notable average annual values, further ballooning the team’s luxury bill. Signing both Judge and deGrom seems like an extreme long shot, but speaking purely theoretically, that duo alone would likely push the Yankees into the newly created fourth tier of the luxury bracket.

As with the early stages of any offseason, a lot of this groundwork amounts to little more than due diligence. Requesting deGrom’s medicals does not serve as a clear portent for concurrent, all-out pursuits of the two-time Cy Young winner and the current AL MVP. The Yankees have already made an updated offer to Judge, GM Brian Cashman indicated last week, and both Cashman and owner Hal Steinbrenner have voiced on multiple occasions that Judge is the team’s top priority. However, no front office would simply presume a free agent is a lock to remain in place, and no team wants to be blindsided and unprepared in the event their homegrown star departs. The Yankees are no different and are surely gauging the entire market accordingly.

As far as the luxury tax is concerned, it bears mentioning, too, that if the Yankees do add a notable starter — whether as one of several additions or as their primary offseason pickup — doing so could enable Cashman and his staff to deal from the current group of in-house candidates. Montas and German, projected by MLBTR contributor Matt Swartz at respective salaries of $7.7MM and $2.6MM, could be shipped elsewhere and slightly alter the financial outlook, speculatively speaking.

Both deGrom and Senga are among the most coveted pitchers on the market, though both come with red flags. Though he’s a two-time Cy Young winner and arguably the best pitcher on the planet when healthy, deGrom has missed considerable time in each of the past two seasons. Senga, of course, is still entirely untested against MLB opponents — dominant as his numbers in Japan may be. To this point, the Rangers and Mets have been the teams most prominently linked to deGrom. Senga, meanwhile, is hoping to pitch for a win-now club in a big market, agent Joel Wolfe recently said in an interview with NBC Sports’ Gordon Wittenmyer. In addition to the Yankees, he’s been tied to the Giants, Mets, Padres, Red Sox, Cubs and Rangers. Ken Rosenthal of the Athletic reported over the weekend that Senga recently visited Texas brass.

Mets Believe Jacob deGrom Wants To Stay

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Jacob deGrom is expected to have many suitors this winter, but according to Mike Puma of the New York Post, the veteran right-hander prefers to stay in Queens. While any deal would require a significant investment, Puma writes that provided there’s not a major discrepancy between offers, deGrom would rather re-sign in New York.

deGrom opted out of his contract at the end of the season, and his free agency will be a fascinating one. The 34-year-old is unquestionably one of the most talented pitchers in the game and deserves to be paid accordingly, but his age and injury history will make teams leery of a long term commitment. According to Puma, the Mets are steering clear of a four or five year commitment, instead preferring to give deGrom a shorter contract that could include option years based on the pitcher meeting certain incentives.

The long term concerns over deGrom are justified, he didn’t pitch at all between July 7, 2021 and August 2, 2022 due to multiple injury problems. Upon returning, he was his usual dominant self, striking out a staggering 42.7% of batters against a 3.4% walk rate on the way to a 3.08 ERA over 11 starts. In fact, whenever healthy he’s been an unbelievably dominant pitcher, pitching to a career 2.59 ERA over 209 starts.

It’s a huge risk/reward free agency given the enormous AAV deGrom will command, but a host of big-market contending clubs will be interested. Puma notes that deGrom places a high value on winning, and believes the Mets are in a position to contend for World Series titles regularly, aiding their case. MLBTR predicted a three-year, $135MM deal for deGrom, which would give him a record AAV of $45MM, just eclipsing the $43.33MM AAV Max Scherzer got from the Mets a year ago.

That sort of commitment would take the Mets’ payroll close to the estimated $282MM mark from this season (per RosterResource), and with other holes in their rotation and bullpen particularly it seems likely their payroll will push closer to $300MM in 2023. The Mets currently have Scherzer, Carlos Carrasco, David Peterson and Tylor Megill pencilled in as rotation options, so they’ll almost certainly be in the market for multiple starters this winter, even after a possible deGrom signing.

Braves Unlikely To Pursue Big Name Shortstops If Swanson Signs Elsewhere

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The Braves have had more success in extending young, core players than any team in recent memory, but for a second straight offseason they’re facing the potential departure of a longtime regular who’s helped to anchor the infield. Dansby Swanson, like Freddie Freeman before him, reached the open market without signing an extension, has rejected a qualifying offer and is now free to field interest from the game’s other 29 teams.

Atlanta reportedly offered Swanson an extension in the neighborhood of $100MM at some point over the course of the season, but the widespread expectation is for him to outpace that guarantee by a comfortable margin. (MLBTR predicted a seven-year, $154MM contract on last week’s Top 50 free agent list.) One of the biggest questions on the minds of Braves fans is just what the team will do at shortstop. Can Swanson be retained? And, if not, where does the team turn? The market offers a trio of high-end alternatives in the form of Trea Turner, Carlos Correa and Xander Bogaerts.

As Ken Rosenthal of The Athletic reports, however, it’s unlikely that the Braves will make a legitimate play to sign any of the big free-agent shortstops other than Swanson. President of baseball ops Alex Anthopoulos went out of his way to mention Vaughn Grissom and Orlando Arcia as in-house alternatives at last week’s GM Meetings, and Rosenthal adds that the Braves are generally reluctant to add a major salary that “takes up too high a percentage of their payroll” — including oft-speculated fit Jacob deGrom.

Braves fans were understandably heartened by CEO Terry McGuirk’s comments about Atlanta growing to have one of the game’s five largest payrolls, but what McGuirk didn’t stress was just how close the Braves already are to reaching that territory before making a single addition. Last month at MLBTR, I pointed out that for the Braves to make even one high-priced acquisition, they’d need to exceed the luxury-tax threshold; making a pair of big-name additions — or signing one premier free agent and, say, extending Max Fried — could shatter the threshold and send the team barreling into at least the second tier of luxury penalization.

As things currently stand, Roster Resource’s Jason Martinez projects the Braves to be less than $5MM away from tier one of the luxury tax . They’d be a first-time luxury payor, so the penalty on the first $20MM by which they cross that threshold would “only” be 20%. The penalty on the next $20MM would jump to a 32% tax.

We’ll get back to the shortstop quandary, but it’s worth digressing and taking a deeper look at just what the luxury tax realities might look like for the Braves.

To put this into more specific context, we can use deGrom as an example. Many believe that the four-time All-Star and two-time Cy Young winner could secure an average annual value of $40MM or more this winter. A $40MM AAV on deGrom would push the Braves’ luxury-tax bill up into the $268MM range — an overage of roughly $35MM. The 20% tax on that first $20MM would come out to $4MM, and the 32% tax they’d be paying on the next $15MM would be another $4.8MM. So to sign deGrom for a $40MM AAV, the Braves would effectively need to be willing to pay $48.8MM in total — at least for the upcoming season. With Justin Verlander seeking a deal comparable to that of Max Scherzer, this can all be applied to him as well.

It’s a similar, but not quite so extreme case with Swanson. Using the $22MM AAV on MLBTR’s predicted contract as an example, Swanson would push the Braves a bit more than $17MM over the luxury tax on his own. That’d make our predicted $22MM AAV more akin to paying $25.4MM this season. And, of course, signing Swanson at that rate would mean that any subsequent salary additions of note would then push the Braves into the second tier of penalization, subjecting them to the same 32% rate mentioned in the deGrom example.

The other wrinkle is that any such signing would further cause the team’s luxury bill to balloon in future seasons. The Braves already have about $135MM of luxury obligations on their 2024 payroll, two years down the road, and that doesn’t include potential club option pickups for veterans like Charlie Morton, Kirby Yates and Collin McHugh — nor does it include arbitration salaries for Fried, A.J. Minter and Kyle Wright. Paying the luxury tax for consecutive seasons would cause those rates of penalization also increase (30% in tier one, 42% in tier two, etc.).

Certainly, there are ways for the Braves to lower their current luxury tab and provide further breathing room, though the path to doing so is not an easy one. There’s little hope of finding a team willing to cover even a small portion of the $36MM still owed to Marcell Ozuna through 2024. Atlanta would probably welcome the opportunity to shed the $9MM owed to Eddie Rosario in 2023, but that’s also far easier said than done after he hit .212/.259/.328 in the first season of a two-year, $18MM contract. One recent source of Twitter speculation among fans — a possible trade of Ronald Acuna Jr. — is not something the Braves are considering, per Rosenthal.

Lengthy digression aside, let’s get back to the shortstop question. If, as Rosenthal suggests, the team is likely to be “out of the picture” for any of Correa, Turner or Bogaerts in the event of a Swanson departure, what might that mean for their 2023 outlook at shortstop?

Grissom and Arcia are in-house candidates, as alluded to by Anthopoulos, but Grissom’s bat wilted after a torrid start to his rookie season in 2022. He still finished with a terrific .291/.353/.440 batting line in 156 plate appearances, but Grissom slashed .420/.463/.660 in his first 54 plate appearances and just .220/.294/.319 over his final 102 trips to the plate. He also skipped Triple-A entirely on his way to the Majors, and scouting opinions on his long-term outlook at shortstop vary. Arcia, once one of the game’s top-ranked prospects, was a roughly league-average hitter in a part-time role last year but carries a .233/.288/.356 slash (70 wRC+) over the past five years.

The free-agent market has some modest stopgaps who could help ease Grissom into the full-time role at shortstop. Elvis Andrus was released by the A’s over the summer, but that was more about preventing his 2023 vesting option from kicking in than about his play. He had a strong finish after signing with the White Sox and hit a combined .249/.303/.404 with 17 homers and 18 steals between the two clubs. Jose Iglesias keeps hitting for average and rarely striking out — .291/.325/.408, 13.1% strikeout rate since 2019 — but defensive metrics have soured on the soon-to-be 33-year-old over the past two seasons. Old friend Andrelton Simmons is a free agent, too, but he’s batted just .216/.277/.261 in 536 plate appearances since Opening Day 2021.

None of those free-agent options are going to inspire Braves fans much — save for the possible nostalgia of a Simmons reunion — but they highlight the fact that it’s a thin crop beyond the “Big Four.” The trade market, then, could be a more palatable approach for Anthopoulos to explore. Cleveland’s Amed Rosario is a clear trade candidate with just a year to go before free agency and a mounting (by the Guardians’ standards) price tag. He’s projected by MLBTR contributor Matt Swartz to earn $9MM next year, and a low-payroll Guardians club that’s deep in MLB-ready middle infield prospects could look to cash in on the 27-year-old, as I recently explored at greater length.

The Yankees figure to be open to moving on from Isiah Kiner-Falefa now that Oswald Peraza is ready for a look in the Majors. The Reds would likely be open to dealing Kyle Farmer, with whom Anthopoulos is surely familiar dating back to his Dodgers days. Arizona’s Nick Ahmed and St. Louis’ Paul DeJong are veteran alternatives who could be had for pennies on the dollar, as the D-backs and Cardinals would surely welcome the chance to just shed some of the respective $10MM and $11MM remaining on their contracts. Both are buy-low options, at best, coming off poor showings in recent seasons. Any of Kevin Newman (Pirates), Nicky Lopez (Royals) or the oft-injured Adalberto Mondesi (Royals) could likely be had in a deal, but each has some obvious red flags.

To be clear, there’s no indication that the Braves plan to simply stand pat this winter. A reunion with Swanson remains eminently plausible, even if previous extension attempts with his representatives — the same agents who represent Freeman, for what it’s worth — have yet to bear fruit. It’d push the Braves into luxury territory for the first time in franchise history, but based on McGuirk’s comments about a potential top-five payroll club, that’s something on which the front office will have a green light, at least with regard to Swanson.

What does seems far less likely is a lavish spending spree that sees the Braves make multiple marquee splashes on the free-agent market. If Swanson does sign elsewhere, it’s the bulk of the Braves’ heavy lifting may very well come via the trade market and the middle tiers of the free-agent market.

12 Players Reject Qualifying Offers

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Twelve of the 14 players who received qualifying offers have rejected those one-year, $19.65MM contracts in favor of testing the open market, tweets Mark Feinsand of MLB.com. Martin Perez and Joc Pederson are the only two who accepted a QO. Each of Aaron Judge, Trea Turner, Xander Bogaerts, Dansby Swanson, Jacob deGrom, Carlos Rodon, Brandon Nimmo, Willson Contreras, Anthony Rizzo, Chris Bassitt, Nathan Eovaldi and Tyler Anderson have rejected the deal. Anderson is already in agreement on a three-year contract with the Angels.

None of the news is all that surprising, aside from perhaps Anderson’s early multi-year strike with the Halos. Perez and Pederson were two of the three most likely candidates to take the QO. That the Giants tagged Pederson at all was a move few saw coming, and most believed he’d indeed take the QO once it was put forth.

None of Judge, Turner, Bogaerts, Swanson, deGrom, Rodon, Nimmo, Bassitt or Contreras likely gave much thought to the possibility. Eovaldi and Rizzo were more borderline candidates, but the latter quickly returns to the Yankees on a multi-year deal that’ll pay him around the QO rate over two guaranteed seasons. Eovaldi has yet to sign, but he’ll presumably continue to search for a longer-term contract after taking advantage of the five days to scour the market.

The clubs that saw a free agent decline a qualifying offer now stand to receive draft compensation if that player signs elsewhere. The value of the compensatory pick depends on a team’s status as a revenue sharing recipient and/or whether they paid the luxury tax in 2022. That’s also true of the draft choices and potentially international signing bonus space a team would have to forfeit to sign a qualified free agent from another team.

MLBTR’s Tim Dierkes broke down the forfeiture each team would have to surrender to sign a qualified free agent earlier this month. MLBTR’s Mark Polishuk looked at the compensation each club would receive if one of these players signed elsewhere.

Rangers Interested In Top Free Agent Starting Pitchers

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At the GM Meetings in Las Vegas, Rangers general manager Chris Young recently spoke with the media, including Evan Grant of The Dallas Morning News, and said the club is going to explore all areas of the starting pitching market. Jon Heyman of the New York Post mentions some discussions between the Rangers and Jacob deGrom, while Jon Morosi of MLB Network also mentions deGrom, in addition to Carlos Rodon and Kodai Senga.

It’s hardly a surprise that the rotation will be a focus going forward, given that it was an obvious weakness in 2022. Texas starters posted a collective 4.63 ERA this year, placing them 25th in the majors in that regard. They got some decent work from Jon Gray and a career year from veteran Martin Perez, though Perez has now reached free agency and deprived the already-weak rotation of its strongest performer. There’s reportedly mutual interest in a reunion, with he and the club reportedly discussing multi-year pacts. But nothing has been finalized and he has now officially received a $19.65MM qualifying offer.

The club has already made one move to fortify the starting corps, acquiring Jake Odorizzi from Atlanta yesterday. Odorizzi hasn’t been great over the past three years, but he seems plenty capable of taking the ball and providing some decent innings. He had a 4.21 ERA in 2021 and a 4.40 mark in 2022 but got over 100 innings in each of those seasons and 143 in each year from 2014 to 2019.

If the Rangers and Perez can come to an agreement, he would form a solid three-headed veteran core with Gray and Odorizzi. The rotation would have a solid base but would be lacking a true ace. Perez posted a 2.89 ERA in 2022 but was at 4.38 or above in each of the previous eight seasons. Even if he has unlocked a pitch mix that leads to better results, maintaining a 6.5% HR/FB rate will be tough to do and some regression could still be in the cards. Gray dealt with some injuries this year but still made 24 starts and posted a 3.96 ERA with rate stats fairly close to his career marks. Dane Dunning could also be a factor at the back end of the rotation after he put up a 4.46 ERA over 29 starts this year. His health is a bit uncertain after his season was ended by arthroscopic hip surgery, but he can be an option if he’s healthy.

It seems the Rangers are willing to consider another bold strike to complement that group of serviceable pitchers. Last year, they showed they’re not afraid of such moves, giving Corey Seager $325MM over ten years and Marcus Semien $175MM over seven years. This year, it’s possible the big strike comes for an ace to lead the starting staff. That could come in the form a deal for Rodon, whom the club has already been connected to, with deGrom and Senga also being considered.

deGrom, 35 in June, certainly fits the bill of an ace, as he’s arguably the best pitcher alive when healthy. That health hasn’t always been present, especially lately, with deGrom missing over a year from July of 2021 to August of 2022. However, after his return, he showed that he can still be his dominant self, making 11 starts and throwing 64 1/3 innings. His 3.08 ERA was two full runs above what he did prior to his injury shutdown in 2021, but the peripherals were still very similar. His 42.7% strikeout rate and 3.3% walk rate were both still absurdly good and point to more elite results going forward. Given his health concerns and age, it’s possible he will be looking at short-term offers with his annual salaries. MLBTR’s Top 50 Free Agents list dropped yesterday with a prediction of $135MM over three years, which is $45MM per year.

That would certainly be one way for the club to go. Another would be a more traditional contract of greater length but less money per year. MLBTR projected a higher guarantee for Rodon at $140MM, though over a five-year term that would be significantly less on an annual basis, $28MM per year. Senga will likely require even less, predicted for $75 over five years, or $15MM per season. Of course, that would also come with its own kind of risk, given that Senga’s unproven against MLB hitters and not all NPB aces have found similar success after crossing the Pacific.

When talking about such figures, it’s worth taking a look at the club’s payroll situation. Roster Resource currently pegs the Rangers’ 2023 outlay at $122MM. Last year’s Opening Day figure was $142MM, per Cot’s Baseball Contracts, meaning they’re only about $20MM away. If Perez eventually accepts the QO, they’re suddenly even. However, Young has already spoken about how payroll is going to go up and they have been as high as $165MM in previous seasons. Ultimately, exactly how much they have to spend will play a factor in how they address the rotation. If they have, say, $45MM to work with, putting all those eggs into the deGrom basket would be a huge upgrade but wouldn’t leave anything left to address the outfield or bullpen. Regardless of the final number, it will be interesting to see how it plays out as the club looks to gain some serious ground in a competitive AL West.

14 Players Receive Qualifying Offers

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14 players received qualifying offers this year, reports Jeff Passan of ESPN (Twitter link). The list is as follows:

As a refresher, the qualifying offer is a one-year offer a team can make to impending free agents. Players who have previously received a QO in their careers and/or didn’t spend the entire preceding season with one team cannot receive a qualifying offer. The value of the offer is calculated by averaging the salaries of the 125 highest-paid players in MLB. For the 2022-23 offseason, it is set at $19.65MM.

If a player accepts the QO, he returns to his current team for next season on that salary. If he declines, the team would receive compensation if he were to sign elsewhere. The specific compensation depends on the team’s status as both a luxury tax payor and whether they receive revenue sharing payments. MLBTR’s Mark Polishuk took a look at the compensation each team would receive for losing a qualified free agent last week.

Signing a player who refuses a QO from another team requires the signing team to forfeit draft picks and/or international signing bonus space. As with compensation for losing qualified free agents, the specific nature of the forfeiture is dependent on revenue sharing status and the competitive balance tax.

[Related: Which Picks Would Each Team Forfeit By Signing A Qualified Free Agent?]

The majority of players who receive qualifying offers decline them each offseason. Judge, Turner, Bogaerts, deGrom, Swanson, Rodón, Nimmo, Contreras and Bassitt were always virtual locks to receive a QO. They’ll assuredly turn them down and sign multi-year contracts, either with their incumbent teams or other clubs. Rejecting a qualifying offer, to be clear, does not affect a player’s ability to continue negotiating with his previous team.

Rizzo, Anderson and Pérez were all more borderline QO candidates, although reports in recent days had suggested each was likely to receive the offer. There’s a case for all three players in that group to accept, although their representatives will have five days to gauge the market before making that decision. Pérez has reportedly received a two-year offer from Texas. The sides have long expressed mutual interest in agreement, but they’ve yet to come to terms on a longer deal.

The final two qualified free agents come as more surprising developments. Eovaldi always looked like a borderline QO candidate. He recently wrapped up a four-year, $68MM contract with the Red Sox. The right-hander was generally effective over the life of that deal, but his 2022 campaign was more of a mixed bag. Shoulder and back injuries limited him to 20 starts and 109 1/3 innings. His 3.87 ERA over that stretch was right in line with his 2020-21 marks, but his strikeout rate dropped a few points to a league average 22.4%. Eovaldi’s fastball also dipped slightly from siting just under 97 MPH down to 95.7 MPH, but that’s still plenty impressive velocity. Paired with his elite strike-throwing ability and the Red Sox’s need for rotation help, they’d be content to bring the 32-year-old back for just under $20MM if he accepted the QO.

The most surprising qualifying offer recipient, however, is Pederson. San Francisco signed the outfielder to a one-year, $6MM deal last winter after an up-and-down 2021 campaign with the Cubs and Braves. The left-handed slugger responded with an excellent .274/.353/.521 showing, connecting on 23 home runs in 433 plate appearances. Pederson also posted elite batted ball marks, including a 93.2 MPH average exit velocity that’s around five MPH above league average. He also made hard contact (a batted ball hit 95 MPH or harder) on a career-best 52.1% of his balls in play.

That figured to give 30-year-old a strong shot at a multi-year offer, although it’s still surprising to see the Giants offer him nearly $20MM to return. Pederson played left field in Oracle Park, but he rated as 12 runs below average over 685 innings in the estimation of Defensive Runs Saved. He’s consistently posted subpar defensive marks and is limited to the corner outfield or designated hitter. The Giants also shielded him against southpaws, limping him to 57 plate appearances against left-handed pitching.

Some notable players who were eligible for a qualifying offer but did not receive one include Jameson Taillon, Mitch Haniger, Taijuan Walker, Andrew Heaney and Michael Wacha. That group will all hit the open market unencumbered by draft pick compensation, which should be a boost to their free agent stocks.

Of the crop of QO recipients, Pederson looks likeliest to accept, although it’s possible that anyone in the group turns the offer down if their reps find interest over multi-year pacts. Players have until the evening of November 15 to determine whether to accept or turn down the QO.

Mets Will Not Make Qualifying Offer To Taijuan Walker

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The Mets have opted against issuing a $19.65MM qualifying offer to right-hander Taijuan Walker, reports Jon Heyman of the New York Post. Walker, who made the easy decision to decline a $7.5MM player option earlier this week, will now reach free agency with no restrictions and will not be subject to draft-pick compensation. Unsurprisingly, Heyman adds that the Mets plan to make a QO to all three of Jacob deGrom, Brandon Nimmo and Chris Bassitt.

Walker, who turned 30 in August, was a borderline candidate and might well have rejected his offer upon receiving one, though the Mets won’t find out and will instead accept the possibility of losing him for no compensation. As a luxury tax payor, they’ll “only” receive a pick between the fourth and fifth round for any free agent who rejects a qualifying offer, and apparently the notion of potentially tying up $19.65MM in salary to Walker right out of the offseason gate wasn’t worth that fairly modest bit of compensation for GM Billy Eppler and his staff.

It’s great news for Walker, who’ll now head into free agency search of a multi-year deal that could span three or perhaps even four years in length. The former top prospect has shaken off many of the injury concerns that stemmed from Tommy John surgery and shoulder surgery earlier in his career, making 69 of roughly 76 possible starts across the past three seasons. That includes 29 starts and more than 155 innings in each of the past two campaigns.

Since 2020, Walker has pitched to a 3.80 ERA with a 21.5% strikeout rate, 7.8% walk rate and a 43.2% ground-ball rate. He’s averaged just about 5 1/3 innings per outing in that time, though that would seem to be more in an effort to monitor his workload than due to strong concerns about turning a lineup over for the third time. Since 2020, Walker has yielded a .232/.303/.391 batting line when facing opponents for the third time on a given day. While his numbers the first and second time through the order are better, it’s not the type of cringeworthy third-time split you’ll see with so many starting pitchers.

Walker’s fastball sat 93.8 mph in 2022, so he doesn’t have premium velocity. He doesn’t miss bats or generate grounders at an especially high level but also limits walks at a solid clip. He may not stand out in any one way, but he increasingly looks like a durable mid-rotation arm who could deepen nearly any starting staff in the Majors.

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