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Vesting Options Update

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With the regular season nearing its end, we have some clarity on several vesting clauses around the game. Let’s take a look at where things stand …

  • Chase Utley, Dodgers: There’s no chance that Utley’s $15MM option — the first of three in succession — will vest. (He’d need 110 plate appearances over the final two weeks of the season to reach 500.) Instead, Utley will become subject to a team option — the value of which floats between $5MM and $11MM based upon days spent on the DL. The precise details have yet to be reported, so it’s not yet clear how much it would cost Los Angeles to control the veteran. Neither is it known whether the team would have interest; Utley has a mediocre .200/.296/.347 slash over 108 plate appearances with the Dodgers.
  • Jonathan Papelbon, Nationals: This one was taken care of as part of the deal that sent Papelbon to D.C. from the Phillies. Papelbon helped facilitate the swap by agreeing to take $11MM to throw next year for the Nats. He was already likely to reach the requirements for his option to vest at $13MM, but that agreement greased the wheels on a move he desperately wanted and removed any doubt as to his payday.
  • David Ortiz, Red Sox: Big Papi has blown well past the 425 plate appearances he needed for his 2016 option to vest, though he’ll also need to pass an offseason physical. The question now is the value of the option. It has already reached $15MM, but would go higher if he makes his 600th trip to the dish. In that case, it will go to $16MM (or, if it’s more than that, the value of the qualifying offer). Ortiz has earned it, with another huge season and successful run at 500 career home runs.
  • Joaquin Benoit, Padres: Benoit needed to finish 55 games for to his $8MM option to vest. That can’t happen, so it’ll turn into a team option. It’s a fair sum for a reliever, but Benoit continues to put up strong results at 38 years of age.
  • Marlon Byrd, Giants: The 38-year-old sits at 502 plate appearances. He needs 48 more the rest of the way to reach 550 total, which, in combination with those accumulated last year, would be sufficient for his $8MM option to vest for 2016. With 13 games left, it’s still possible that he could reach the needed total, but that’ll depend heavily on playing time — and San Francisco may well not wish to be on the hook for that kind of cash.
  • Santiago Casilla, Giants: As MLBTR reported, Casilla needs 55 games finished for his $7.5MM option to vest for 2016. The situation is somewhat similar to Byrd’s. With 49 finished games in the bank so far, it’s still possible — but, perhaps, unlikely — for Casilla to reach the necessary tally.
  • Nori Aoki, Giants: Due to injuries, the outfielder is stalled well shy of the 550 plate appearances he needed to turn a $5.5MM club option into one of the mutual variety. That could still be an appealing price tag for a player who performed well when healthy.
  • Jonny Gomes, Royals: Gomes needs 325 plate appearances for a $3MM club option for 2016 to become guaranteed. He only has 246, and hasn’t been used much in Kansas City, so that’s not happening.

We already know that Cliff Lee won’t achieve the innings totals required for his 2016 option to vest, as the Phillies southpaw hasn’t pitched all season and is attempting to recover from a torn left flexor tendon without undergoing surgery.  Brandon League also hasn’t pitched this season and has been released by the Dodgers, so he won’t reach the games-finished total required to allow his 2016 player option to vest.

Ian Kennedy, Joaquin Benoit Claimed On Waivers, Pulled Back By Padres

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The Padres traded Will Venable to the Rangers tonight, but they almost certainly won’t be dealing another pair of potential free agents; Jon Heyman of CBS Sports reports that right-handers Ian Kennedy and Joaquin Benoit were both claimed on revocable waivers, but trades couldn’t be reached, so the Padres pulled the pair back.

Kennedy, 30, is a free agent at the end of the season and is owed about $2.58MM of his $9.85MM salary through season’s end. The former Yankees/D-Backs hurler has struggled for much of the season, but he’s been a more appealing trade target of late, working to a 2.82 ERA with a 76-to-23 K/BB ratio in 83 innings dating back to June 1. Kennedy’s been very homer-prone this season (1.9 HR/9), but much of that can be attributed to an abnormally high 18.7 percent homer-to-flyball ratio that is well above his career mark of 10.6 percent.

The 38-year-old Benoit has been one of the better late-inning relief arms in the game over the past few seasons, though there are some possible red flags in his game this year. Though Benoit’s pitched to a stellar 2.13 ERA, his strikeout rate (8.2 K/9) and walk rate (3.0 BB/9) have both gone the wrong direction in 2015, and he’s benefited from a likely unsustainable .163 average on balls in play. Nevertheless, his track record and strong bottom-line results led to a claim despite a relatively substantial salary; Benoit is owed $2.1MM of his $8MM salary through season’s end, to say nothing of a $1MM buyout on an $8MM option for the 2016 season (though some teams were probably interested in exercising that option).

While the waiver claims and retractions technically don’t prevent the pair from being traded, it becomes extremely unlikely that either will be moved now. The Padres can put both players on trade waivers for a second time, but the waivers would no longer be revocable at that point. More likely is the possibility that the Padres are impressed enough with Kennedy’s resurgence that they’re eyeing a draft pick as compensation in the event that he signs elsewhere. Heyman notes that rivals don’t view Kennedy as a surefire qualifying offer candidate, but his recent surge should make it worthwhile for the Padres to extend the roughly $16MM one-year offer. I’d expect that Kennedy, a client of Scott Boras, would decline the offer and test the free agent waters.

Pitching Notes: Yankees, Nolasco, Twins, Teheran, Leake

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The Yankees are still looking at the market for starters, tweets Joel Sherman of the New York Post, but “feel doubtful” of getting anything done on that front. New York feels comfortable with its internal options to fill in for the just-DL’ed Michael Pineda, he adds. That may be true, of course, but we had heard of interest in a rotation addition prior to Pineda’s injury, so it seems unwise to count New York out of the market until the final bell has sounded.

More pitching notes:

  • The Twins and Padres have had some trade discussions, and the concept of offloading the remaining two years of Ricky Nolasco’s contract has been floated in those discussions, tweets Darren Wolfson of 1500 ESPN. As Wolfson notes, Jeremy Nygaard of TwinsDaily.com first suggested the notion. Nolasco does have a three-team no-trade clause but it does not include San Diego, Mike Berardino of the St. Paul Pioneer-Press notes on Twitter.
  • The Twins are looking at set-up options that include Joaquin Benoit of the Padres and several Rays pitchers, Jon Heyman of CBSSports.com tweets. Minnesota has long been said to be pursuing pen arms, and it would be surprising if the team doesn’t make an addition today. We’ve already heard of recent interest in Tampa Bay’s relief arms from the Astros.
  • Julio Teheran may have been available at one point, at a high price, but the Braves now seem more or less unwilling to move him, Heyman tweets. Atlanta just sent young starter Alex Wood to the Dodgers, of course, which could have impacted their willingness to part with another controllable arm (particularly since he’s scuffled this year).
  • The Giants believe they can hold onto the just-acquired Mike Leake beyond this year, Peter Gammons of GammonsDaily.com tweets. San Francisco has had no trouble reaching late-season extensions in recent years, or with re-signing its own free agents off the open market, so it certainly bears watching.

Relief Market Notes: Astros Working Hard, Twins, Lowe

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The Astros are “pushing hard” to find an upgrade in the bullpen and have several irons in the fire, according to Jim Bowden of ESPN.com (via Twitter). Given the players under consideration, it looks like Houston is aiming high. We just heard of talks with the Padres that may include Craig Kimbrel, and Bowden says they’ve also discussed Joaquin Benoit. As Evan Drellich of the Houston Chronicle tweeted earlier, the Rays have spoken with the Astros about pen arms, though he adds nothing seems likely there, and Bowden lists Brad Boxberger and Jake McGee as names that have come up. And Houston has even made inquiries on outstanding Reds closer Aroldis Chapman, he adds.

Here’s more on the relief market, which should be among the most active areas of discussion leading up to tomorrow’s deadline.

  • Though the Twins are in the market for relief help, Mike Berardino of the St. Paul Pioneer Press reports (via Twitter) that they’re not interested in either Junichi Tazawa or Craig Breslow of the Red Sox. Berardino hears that the Twins are turned off by Tazawa’s five-plus years of service (he’ll be a free agent after 2016) and Breslow’s impending free agency.
  • Mariners right-hander Mark Lowe is drawing quite a bit of interest, according to Jon Heyman of CBS Sports (Twitter link). The journeyman reliever is in the midst of a breakout season, having pitched to an incredible 1.00 ERA with 11.8 K/9, 2.8 BB/9 and a 36.5 percent ground-ball rate in 36 innings this season. Lowe’s average fastball velocity of 95 mph is his best since 2011, and because he took a minor league deal in an attempt to revitalize his career (so far, so good), any team could afford him from a financial standpoint.

Stark, Crasnick On Mariners, Cubs, Ross, Padres, Chapman

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The Mariners and Cubs have had recent trade talks, reports ESPN’s Jerry Crasnick (via Twitter), though he’s yet to ascertain which specific players were involved. The conversations didn’t center around Starlin Castro, Crasnick continues. Clearly, there could be a wide range of targets at play here, though the Cubs have been connected to pitching upgrades in both the rotation and the bullpen.

Some more trade notes from a couple of ESPN’s top reporters…

  • In today’s Rumor Roundup over at ESPN, Jayson Stark writes that other teams view Tyson Ross as the Cubs’ top trade target. Chicago likes Andrew Cashner but considers him a fallback option, should the price for Ross become too steep. Both Castro and Javier Baez have previously been of interest to the Padres, although Castro’s stock is way down. Stark also reported today that the Cubs are now “aggressively” shopping Castro.
  • From that same piece, Stark adds that other clubs believe Justin Upton, Cashner and Joaquin Benoit are the most likely players to be traded by the Padres, and one particular executive to whom Stark spoke feels it’s “likely” that Craig Kimbrel will be traded as well. In a followup tweet, Stark adds that the number of people who feel Kimbrel will end up with the Yankees is “amazing.” New York already possesses a dominant late-inning duo in the form of Andrew Miller and Dellin Betances. Adding Kimbrel to the mix would give them a trio to rival the three-headed bullpen monster (Greg Holland, Wade Davis and Kelvin Herrera) that the Royals rode to the World Series in 2014. The Astros, too, like Kimbrel, according to Stark. However, Houston wouldn’t want to take on all of the money he’s owed.
  • Stark also tweets that the Reds are still discussing Aroldis Chapman with teams, but the price remains very high. At this time, the Yankees, Diamondbacks, Giants and Astros are all in the mix for Chapman, who is earning $8.05MM in 2015 and is controlled via the arbitration process for the 2016 season.

Pitching Notes: Leake, Astros, Pirates, Angels, Johnson, Royals

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The sudden availability of David Price will shake up the starting pitching market, of course, but there are plenty of less significant, but still notable developments to cover. Let’s take a look in at a few notes on the pitching market.

  • Reds starter Mike Leake is among the many pitchers still being considered by the Blue Jays, Ken Rosenthal of FOX Sports tweets. Per Rosenthal, the club is looking at a variety of arms at a similar level of ability, with the hope of getting the best value out of a deal.
  • The Astros are “monitoring” the market for bullpen pieces, ESPN.com’s Jerry Crasnick tweets. They have given at least some thought to quality arms like Craig Kimbrel, Joaquin Benoit, and Francisco Rodriguez. Houston is also still involved on Cole Hamels, though it still doesn’t seem that they are terribly likely to get him, Evan Drellich of the Houston Chronicle tweets.
  • The Pirates, meanwhile, seem to be looking more at middle relief options, per MLB.com’s Tom Singer. And the Angels are also looking to add another arm to their pen, MLB.com’s Alden Gonzalez reports on Twitter. Los Angeles is looking for something on the order of last year’s addition of Jason Grilli says Gonzalez. Presumably, the same holds for Pittsburgh, which sent Grilli out west last summer in exchange for Ernesto Frieri.
  • With many teams (including those just noted) looking to add arms, the Braves are “getting lots of play” on righty Jim Johnson, Jerry Crasnick of ESPN.com tweets. Johnson isn’t too expensive, has been solid this year, and has obviously spent a lot of time in high-leverage situations, so it stands to reason that he’ll be moved to a contender looking to build out their stable of relief arms.
  • The Royals asked the Tigers about Price before acquiring Johnny Cueto, but moved on to the righty when they learned that Price was not yet being marketed, Andy McCullough of the Kansas City Star tweets.
  • Wondering who the teams listed above could target? MLBTR recently listed the starters and relievers most likely to be available at this year’s trade deadline.

Latest On Padres: Baez, Kimbrel, Deadline Strategy

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2:15pm: The Padres have engaged in at least some discussions with the Cubs regarding young infielder Javier Baez, Jon Heyman of CBSSports.com reports. Chicago is said to be pursuing pitching, and we heard last week that they had exchanged ideas with San Diego.

Meanwhile, the Friars seem increasingly likely to hold onto Craig Kimbrel, reports Heyman. The team lost a significant suitor when the Nationals got Jonathan Papelbon, and San Diego has been unable to convince the Yankees to give up shortstop prospect Jorge Mateo in a deal.

11:40am: The Padres continue to explore a wide array of options on this year’s trade market, though they’ve yet to make a move. Multiple reports suggest that the team is still weighing its ultimate approach, perhaps considering major moves while also preparing for a more modest sell-off.

Jayson Stark of ESPN.com hears that rival teams expect San Diego to be “super active” and pursue a “huge deal” of some kind (via ESPN.com’s trade deadline page), with the team said to be considering deals on controllable rotation pieces such as James Shields, Andrew Cashner, and even Tyson Ross.

[RELATED: Rangers Discussing Ross, Cashner With Padres]

The inclusion of those names on the market could even reduce the Phillies’ leverage with regard to Cole Hamels negotiations, executives with other clubs tell Stark. The Phillies, of course, are said to be asking teams with interest to get their bids in on the lefty today.

Meanwhile, Dennis Lin of the San Diego Union-Tribune reports that Padres GM A.J. Preller could “take a more measured approach” in selling than he did in compiling assets over the winter. San Diego wants “substantive” value in its deals, per the report.

Efforts to move Shields have not resulted in promising offers of yet, says Lin, and he could become an August trade piece. And while San Diego is indeed discussing both Cashner and Ross, it seems hesitant to part with them. There is some belief within the organization that larger-scale moves could wait for the winter.

The club does still appear likely to move its short-term assets, per the Union-Tribune. There is still at least some possibility, though, that it will hold onto Justin Upton and make him a qualifying offer, with talks not yet having produced a substantial enough return, though it seems rather likely that something with come together on the slugger. Other pieces fairly likely to be dealt include Ian Kennedy, Joaquin Benoit, and Will Venable.

Padres “Pushing Hard” To Trade Big-Name Players

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The Padres are “pushing hard” to trade big-name stars, executives from other teams tell Jon Heyman of CBS Sports. Obviously, Justin Upton, Will Venable and Ian Kennedy are clear trade candidates, since those players are due to become free agents after the season. But James Shields, Andrew Cashner and Craig Kimbrel, who all are controlled beyond 2015, have also come up very frequently in talks, according to Heyman. Other possibilities include Tyson Ross, who’s due for free agency after 2017, and Joaquin Benoit, whose contract contains a club option for 2015.

This isn’t the first time that any of these players have been mentioned in trade talks, of course, but rival executives now seem to think the Padres could be even more active at the deadline than had previously been anticipated. Given how aggressively GM A.J. Preller remade the team last offseason, it would come as little surprise if he were itching to make another round of big trades in the midst of what’s turned into a disappointing season.

Heyman adds that another potential motivation for the Padres to make trades could be to reduce payroll. (ESPN’s Buster Olney wrote earlier today that the Padres were feeling “pressure” to shed payroll beyond 2015 by making trades.) Via Cot’s Contracts, the Padres had an Opening Day payroll of about $108MM this season, about $17MM more than their 2014 figure. Trading someone like Shields, whose contract is backloaded, would help the Padres reduce their already significant payroll obligations for 2016 and beyond.

Quick Hits: Royals, Pirates, Dodgers, Benoit

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Here’s a roundup of the latest trade-deadline-related news:

  • The Royals are still working to upgrade their bench, Jon Morosi of FOX Sports tweets.  Kansas City is looking at both infielders and outfielders to improve its reserve group.
  • Rays reliever Kevin Jepsen is now a stronger trade candidate now that the Rays have slipped to 49-51, Morosi tweets.  Jepsen, who is eligible for free agency after the 2016 season, owns a 2.88 ERA with 7.3 K/9 and 4.2 BB/9 through 45 appearances this season.
  • Tigers manager Brad Ausmus is adamant that his team should not sell before the deadline, Chris Iott of MLive.com writes.
  • Pirates GM Neal Huntington says that he’s not necessarily done shopping even after acquiring Aramis Ramirez, Adam Berry of MLB.com writes.  “We’ve shored up what we felt was our biggest soft spot. We’ll continue to look,” Huntington said. “It just gives us some versatility and flexibility to find where we think the next best match and next best fit is.”  However, he wouldn’t specify what area he might target in the coming days.
  • One issue for the Dodgers is that they aren’t willing to part with top prospects Corey Seager or Julio Urias, Jon Heyman of CBSSports.com tweets.  At that point, there’s a big dropoff to whoever their No. 3 prospect might be, whether it’s pitcher Jose De Leon or someone else.
  • The perception in the market is that the Padres will definitely move Joaquin Benoit before the deadline, Buster Olney of ESPN.com tweets.

Central Notes: Twins, Benoit, Kelley, Fiers, Cubs, Samardzija

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Rumors from MLB’s central divisions:

  • The Twins are in the market for a power reliever, writes Mike Berardino of the Pioneer Press. Minnesota has long been known for their reliance on command and control pitchers. Their bullpen has a league worst 6.08 K/9. The Tigers are next worst with 7.30 K/9. Twins GM Terry Ryan acknowledged the advantage strikeouts can provide in big situations. If somebody’s got the out pitch to be able to get a strikeout, that’s great. Unfortunately there are pitchers that don’t have that capability as much as others, so it makes those sac flies or putting the ball in play with the infield back … it just gives the other offense that advantage.
  • Minnesota has spoken with the Padres about relievers, tweets Jon Morosi of FOX Sports. Morosi lists Joaquin Benoit and Shawn Kelley as possible fits. I would add that Brandon Maurer fits the power pitching profile. However, Benoit and Kelley could both hit free agency after this season. Kelley is unsigned beyond this season, and Benoit has a $8MM club option ($500K buyout). Maurer comes with four more seasons of club control. As such, he’s probably more difficult to acquire.
  • The Brewers are drawing plenty of interest in starter Mike Fiers, tweets Tom Haudricourt of MLB.com. However, the club presently plans to keep Fiers. They are more open to trading veterans Kyle Lohse and Matt Garza. Given the performance of both pitchers this season, they’ll have a hard time finding an interested suitor. Garza has a 5.49 ERA in 100 innings while Lohse has scuffled to a 6.29 ERA in 113 innings.
  • Prior to being no-hit by Cole Hamels, Cubs GM Jed Hoyer reiterated a need for pitching and bench depth, tweets Jesse Rogers of ESPN 1000. Hoyer didn’t elaborate about any specific talks. Rogers opines (via Twitter) that the club could seek to make some smaller moves for veterans to bolster depth and balance a young roster. The offense has struggled recently, but the Cubs are still in the thick of the Wild Card race. They’re just 1.5 games behind the Giants for the second slot.
  • The White Sox are increasingly willing to trade starter Jeff Samardzija, writes Dan Hayes of CSN Chicago. Samardzija has performed below expectations this season with a 3.91 ERA, 6.93 K/9, and 1.67 BB/9. However, he’s posted a strong 2.55 ERA over his last eight starts due to a low HR/FB ratio. While teams may no longer view him as an ace, he has failed to last seven innings in just four of his 20 starts this season. This is my speculation: he could prove to be a valuable innings eater for a club on the bubble like the Orioles or Astros. Hayes also notes that the White Sox have lined up Erik Johnson’s starts with Samardzija. Johnson is in the midst of a breakout season with a 2.59 ERA, 10.05 K/9, and 2.87 BB/9.
  • The big story tonight is that the Royals nearly acquired Johnny Cueto from the Reds; read all about that here.
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