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2023-24 Player Option/Opt-Out Update: April Edition

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Not long ago, any given year in Major League Baseball might have seen a handful of players have player options to decide upon at the end of a season. Opt-out clauses have slowly worked their way into normalcy among contract negotiations, however, and what was once a perk typically reserved for star players has become more commonly used as a means of either sealing a deal with mid-range free agents or in many instances, gaming the luxury tax. Player options are considered guaranteed money, after all, so it’s become common for clubs on the precipice of luxury penalization to negotiate complex player options that tamp down a contract’s average annual value even though they’re unlikely to ever be exercised.

For the purposes of this look around the league, there’s little sense in separating opt-outs from player options. The two are effectively the same, though “opt-out” typically refers to an out clause where there are multiple years remaining on the contract and “player option” generally refers to an individual decision on the forthcoming season. Both are considered guaranteed money for luxury purposes, and both ultimately come down to the player’s preference, risk tolerance, etc.

At their core, opt-out provisions aren’t particularly different from the much longer-accepted club options that teams have negotiated for years. Teams guarantee a certain number of dollars over a certain number of years, and if the player continues performing at a high enough level, they’ll exercise a club option that’s typically locked in at a below-market price. If not, the player will be bought out and sent back to free agency. Player options and opt-outs are merely the inverse; the player/agent negotiate a certain length and annual value but reserve the right to opt back into the market if the player continues to perform at a high level. It’s two sides of the same coin.

There are more players with the opportunity to opt out of their contract this offseason, by way of a one-year player option or a multi-year opt-out, than ever before. As such, we’ll be keeping tabs on these situations throughout the season. Short of a major injury, performance this early in the season isn’t likely to have a major impact on a player’s likelihood of opting out or forgoing that right, but it’s worth listing out which players will have the opportunity, what their contracts look like, and at least taking an early glance at how they’re performing.

Note: All stats through play on Tuesday.

Position Players

  • Tucker Barnhart, C, Cubs ($3.25MM player option): Barnhart’s deal was announced as a two-year, $6.5MM contract, though he also obtained the right to opt out after 2023, effectively rendering 2024 a player option. He’s 5-for-16 with a walk and four strikeouts through just 17 plate appearances as the backup to Yan Gomes. Barnhart got this guarantee on the heels of a dismal .221/.287/.267 showing with the Tigers in 2022, so with even a decent season he’ll have reason to opt out and try his luck again amid a thin group of free-agent catchers.
  • Josh Bell, 1B/DH, Guardians ($16.5MM player option): Bell limped to the finish line with the Padres after being traded over from the Nationals alongside Juan Soto in last summer’s blockbuster, and he hasn’t yet found his footing in 76 plate appearances with the Guardians. It’s a small sample, but Bell’s .203/.316/.344 slash looks quite similar to the .192/.316/.271 he mustered with San Diego in 2022. Bell hit 37 homers in 2019 and 27 in 2021, but he hits the ball on the ground far too often for someone with his power and lack of speed. Only one qualified hitter in MLB (Masataka Yoshida) has a higher ground-ball rate than Bell’s staggering 66.7% mark.
  • Trey Mancini, 1B/OF, Cubs ($7MM player option, if he reaches 350 plate appearances): Like Bell, Mancini saw his offensive production crater following a deadline trade (to the Astros) last summer and has not yet recovered in a new setting. Through 60 plate appearances, he’s hitting just .196/.220/.250. While his contract is a two-year, $14MM deal, Mancini can opt out if he reaches 350 plate appearances (i.e., the second year becomes a player option). He isn’t hitting yet, but Mancini is playing regularly and appears to be trending toward earning that right.
  • Javier Baez, SS, Tigers (can opt out of remaining four years, $98MM): After turning in a tepid .238/.278/.393 batting line in 590 plate appearances during his first season as a Tiger, Baez would need quite the season to walk away from this kind of cash. So far, he’s hitting .193/.254/.246 in 64 trips to the plate, however. When Baez gets hot, he can go on hot streaks for the ages, but he certainly doesn’t look like he’ll be opting out at season’s end.
  • Justin Turner, 3B/DH, Red Sox ($13.4MM player option): Turner hasn’t found his power yet in Boston, but he’s out to a .277/.385/.385 start with nearly as many walks as strikeouts. His $13.4MM player option comes with a hefty $6.7MM buyout. He’ll turn 39 in November, but as long as he hits reasonably well, he should have more earning power than that $6.7MM net decision.
  • Jorge Soler, OF/DH, Marlins ($9MM player option): Soler’s three-year, $36MM deal in Miami pays him $12MM in 2022, $15MM in 2023 and $9MM in 2024, but he had the right to opt out after each season of the deal. He hit just .207/.295/.400 with 13 homers in 306 plate appearances last year, so there was no way he was taking the first opt-out. He’s already clubbed five dingers in 62 plate appearances in 2023. His .263/.323/.649 slash translates to a 155 wRC+, and his exit velocity and hard-hit rate are through the roof, so his .256 average on balls in play should at least hold steady. Soler is an extremely streaky hitter, so time will tell how much of this early heater he can sustain, but there’s plenty to like about his start, including a reduced strikeout rate.
  • Michael Conforto, OF, Giants ($18MM player option, if he reaches 350 plate appearances): As with Mancini, Conforto is on a two-year deal but gains the right to opt out after one year if he reaches 350 plate appearances. You can call it an opt-out or a player option, but it’s the same mechanism; if Conforto is healthy, he’ll likely get the right to opt out. So far, he’s hitting .220/.373/.439 with a trio of homers in 51 trips to the plate. Conforto has walked nine times in those 51 plate appearances (17.6%), and his chase rate is actually down, so he still has good knowledge of the zone. However, a year-long layoff due to shoulder surgery is perhaps making itself known with a 74.5% contact rate on pitches in the strike zone, as that’s nearly 10 percentage points below his career mark of 84%. Unsurprisingly, Conforto’s 31.4% strikeout rate is a career worst. Some rust was inevitable, though, and the plate discipline and hard contact when he has made contact (94.4 mph exit velo, 52.5% hard-hit rate) are encouraging.
  • Matt Carpenter, 1B/DH, Padres ($5.5MM player option): Carpenter’s stunning return with the Yankees last year was one of the best stories of the summer, but he’s out to a sluggish .152/.317/.273 start with the Padres. He’s chasing off the plate at a 30.3% clip after doing so at a 20.7% rate last summer, and his contact rate on swings off the plate has plummeted from 62.5% to 36.4%. It’s a small sample and there’s time to turn things around, of course, but he’s had a tough start.

Pitchers

  • Andrew Heaney, LHP, Dodgers ($13MM player option): Heaney’s first Rangers start was one to forget (seven earned runs), but his second start was dominant, as he tied an AL record by fanning nine consecutive hitters. If Heaney tops 150 innings and doesn’t finish the year with an injury that’d likely keep him out for the first 60-plus innings of the 2024 season, the value of that player option jumps to $20MM. He hasn’t reached 150 innings since 2018.
  • Seth Lugo, RHP, Padres ($7.5MM player option): Lugo’s return to the rotation has been solid. He’s posted a 2.70 ERA through 16 2/3 frames with strikeout and walk ratios that look similar to his numbers out of the bullpen (24.3% strikeout rate, 7.1% walk rate). It’s anyone’s guess how many innings Lugo will tally after throwing just 228 innings combined from 2019-22, when he was primarily a reliever, but a solid run out of the rotation will position him to turn down that player option in search of a multi-year deal in free agency.
  • Sean Manaea, LHP, Giants ($12.5MM player option): The early ERA isn’t much to look at (4.76 in 11 1/3 innings), but the Giants have Manaea averaging 94.7 mph on his four-seamer. That’s a career-high by a wide margin, as he sat 91.7 mph on a now-scrapped sinker in 2021-22 and 91.1 mph on his four-seamer in 2017-20. Any major velocity gain of this nature is worth keeping an eye on.
  • Nick Martinez, RHP, Padres (team has two-year, $32MM club option; if declined, Martinez has two-year, $16MM player option): Martinez’s strikeout rate, walk rate, home-run rate and velocity have all gone the wrong direction through his first three starts. It’s just 17 2/3 innings, so it could be rendered a footnote if he rebounds and the Padres pick up their hefty option on the righty. Still, it’s not the start he or the Padres wanted.
  • Eduardo Rodriguez, LHP, Tigers (can opt out remaining three years, $49MM): E-Rod hasn’t missed bats anywhere near his Boston levels since signing with the Tigers. The lefty still showed good command both in 2022 and so far in 2023, but his 8.7% swinging-strike rate and 20.4% strikeout rate are well shy of the respective 11.6% and 26% marks he posted in his final four years with the Red Sox. Rodriguez’s velocity in 2023 is back up after a slight dip in 2022, but if he can’t get back to missing bats at his prior levels it’ll be an easy call for him to forego that opt-out provision.
  • Max Scherzer, RHP, Mets ($43.333MM player option): Scherzer hasn’t gotten out to his best start, but he posted a 2.29 ERA with gaudy strikeout and walk rates (30.6% and 4.2%) in 145 1/3 frames with the Mets in 2022. He was at the center of controversy after being ejected from today’s start after failing a foreign substance check, though that’s not likely to have any effect on his opt-out decision. Scherzer has already suggested that his opt-out was negotiated in part to ensure that he’d have an opportunity to look elsewhere if the Mets didn’t remain fully committed to winning. That hasn’t been the case under owner Steve Cohen, who’s currently financing the largest payroll and luxury-tax bill in MLB history.
  • Ross Stripling, RHP, Giants ($12.5MM player option): Stripling has been ambushed for 10 runs in his first 12 1/3 innings of work and had been set to operate primarily out of the bullpen before the injury to Alex Wood. It’s not a great start considering the weighty $25MM guarantee on his deal, but he has time to turn things around. A stunning six of the 13 fly-balls Stripling has yielded in 2023 have cleared the fence for a home run, and that rate will surely stabilize over a larger sample. Still, if he’s relegated to long-relief duty for too long, it’ll become difficult for him to even consider his opt-out.
  • Marcus Stroman, RHP, Cubs ($21MM player option): Stroman took a rather atypical contract structure for a 31-year-old free agent, inking a three-year guarantee at a premium annual value with an opt-out after year two. It’s more common to see pitchers that age push for the longest deal possible, but it might work out in Stroman’s favor. He’ll bank $50MM through the contract’s first two seasons, and after a nice 2022 season (3.50 ERA, 3.74 SIERA in 138 2/3 innings), he’s come roaring out of the gates with a 0.75 ERA and vastly improved 26.9% strikeout rate through his first 24 frames. Stroman’s walk rate is also up, and it’s all a small sample for now anyway, but it’s a promising start all the same. He’ll turn 33 in 2024, and if he continues anywhere near the pace he’s set since 2019 (3.15  ERA in 520 innings), he should have no problem topping that $21MM in free agency. He’ll also be ineligible for a qualifying offer, having already received one earlier in his career.
  • Michael Wacha, RHP, Padres (two-year, $32MM club option; if declined, Wacha has $6.5MM player option and $6MM player options in 2025-26): Wacha’s four-year, $26MM deal was effectively just the Padres manipulating the luxury tax by meeting Wacha’s price tag on a multi-year deal but spreading out the term to tamp down the AAV. Wacha’s total guarantee is the type of money one might’ve expected him to land over a two- or perhaps three-year term. By spreading it to four, the Padres could end up avoiding the third luxury-tax bracket. Wacha has a 6.06 ERA through three starts and posted an ERA of 4.76 or worse each season from 2019-21. If he can wind up replicating his strong 2022 results, the Padres might consider picking up their end of the option, but the likelier scenario is that they decline, leaving Wacha with a remaining three years and $19MM, but opt-outs after each season.
  • Chad Green, RHP, Blue Jays (three-year, $27MM club option; if declined, Green has $6.25MM player option; if both decline, team has two-year, $21MM option): Green may have the most convoluted contract of the entire free-agent class. That’s reflective both of his considerable talent and the broad range of outcomes as he works back from last May’s Tommy John surgery. We won’t know have an inkling of how this’ll play out until at least the summer, as Green needs to finish off his rehab. If he can return to peak form (1.83 ERA, 40.7% strikeout rate, 6.7% walk rate) for three or so months down the stretch, perhaps the Jays would actually consider the three-year, $27MM option. But that’s premium setup man money, and Green will be coming back from a year-long absence with a major surgery on his recent resume. He’ll have a $6.25MM player option if that three-year team option is declined, and that seems far more plausible. The two-year, $21MM option if both parties decline their first options feels only slightly more viable than the Jays’ original 3/27 decision.

Guardians Sign Josh Bell

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December 12: The Guardians have made it official, announcing that they have signed Bell to a two-year deal.

December 6: The Guardians have agreed to a two-year, $33MM contract with free-agent first baseman Josh Bell, reports Jon Heyman of the New York Post. Bell, a client of the Boras Corporation, will be able to opt out of the contract after the first season of the deal.

Josh Bell

It’s a short-term but lucrative annual deal for the 30-year-old Bell, who looked poised for a long-term commitment in free agency before a sluggish finish to the season following a trade to the Padres. The veteran switch-hitter opened the season on a tear with the Nationals and maintained that production into late July, but after slashing .301/.384/.493 with the Nats (143 wRC+), Bell hit just .192/.316/.271 in San Diego.

Ups and downs are nothing new for Bell, who at multiple points in his career has appeared on the cusp of solidifying himself as a star-caliber slugger, only to fall into a prolonged slump. Back in the first half of the 2019 season, for instance, the former No. 61 overall draft pick erupted with a .302/.376/.648 batting line and 27 home runs. That netted him what remains the only All-Star nomination of his career, but following the Midsummer Classic, Bell backtracked with a solid but unspectacular .233/.351/.429 slash.

His offensive doldrums spiraled out of control in 2020, when he turned in a career-worst .226/.305/.364 slash in the shortened 2020 season. Following that disappointing campaign, the Pirates sold low on the former top prospect by flipping his final two years of club control to the Nationals in exchange for righty Wil Crowe and minor leaguer Eddy Yean.

A month into Bell’s Nationals tenure, it looked to be more of the same, but he righted the ship in May. From May 1, 2021 through this year’s trade deadline, Bell came to the plate 945 times and recorded a stout .289/.373/.489 slash with 39 big flies, 46 doubles, an 11.5% walk rate and a 15.3% strikeout rate that’s far lower than many would expect from a 6’4″, 255-pound first baseman with 30-homer power.

In spite of that sizable frame and the clear raw power Bell possesses, however, he’s never really been a consistent power threat — at least not to the extent one would expect. The juiced-ball season in 2019 was his lone 30-homer campaign (37, to be exact), and his season-to-season home run totals have otherwise ranged between 12 (2018) and 27 (2021).

It’s hard not to wonder what might happen were Bell to commit to elevating the ball more, but that’s easier said than done for any hitter. Bell’s enormous 49.9% ground-ball rate is far higher than one would expect for a slugger of his stature, and he’s taken that mark north of 50% in each of the past three seasons, topping out with a mammoth 55.7% grounder rate in 2022. Since 2020, only five hitters in baseball have put the ball on the ground more frequently than Bell — a confounding trait for a switch-hitter with plus raw power. Three different teams have been unable to coax consistent power production from Bell, but the Guardians will give their best effort to unlock his maximum potential.

To be clear, Bell remains a well above-average hitter in the aggregate, even with the glut of grounders and a career punctuated thus far by peaks and valleys. Dating back to 2019, he’s been 20% better than the average hitter by measure of wRC+, and his career mark in that regard sits at 116 (16% better than average). Bell is a lifetime .262/.351/.459 hitter whose only below-average season at the plate came in the shortened 2020 season.

Also appealing to the Guardians was surely the fact that Bell, like so much of their team, is exceedingly difficult to strike out. No team in baseball fanned at a lower clip than the Guardians’ 18.2% last year — nor was anyone particularly close. Bell, who struck out at just a 15.8% rate in 2022, should fit right in. He’s kept his strikeout rate at 19% or lower each season other than that grisly 2020 campaign, and he’s also drawn walks in an excellent 11.8% of his 3406 career plate appearances.

All of that aligns well with Cleveland’s general offensive philosophy, and while it seems that Jose Abreu was the Guards’ first choice — Cleveland reportedly made him a three-year offer before he signed in Houston — Bell still adds some needed thump who can join Josh Naylor in splitting time at designated hitter and first base. Bell isn’t an all-world defender at first, but he’s improved his defensive ratings from sub-par to slightly above average in recent seasons, and the Guardians surely feel confident that he’s a reliable source of at least 15 to 20 homers with a robust on-base percentage. He’ll join Jose Ramirez as a switch-hitting, middle-of-the-order threat, continuing to give the Cleveland lineup plenty of balance.

If things go according to plan and Bell can ward off another prolonged slump to close out the season, he’ll be a strong candidate to exercise that opt-out provision and return to the open market a year from now. As previously laid out, the overall offensive track record for Bell is quite strong; had he not fallen into that San Diego swoon, he and Boras might have had a case for a contract upwards of five years in length. Depending on the extent of Bell’s success, the Guardians could even issue him a qualifying offer upon opting out.

We predicted that Bell would still be able to command a four-year deal around this AAV on our Top 50 free agent rankings, but the two-year term and opt-out provides some of the best of both worlds. If Bell performs well, he can collect a hearty salary in 2022 and try again for a lengthier deal a year from now. If not, he’ll at least have a second season around the going rate for a bat-first slugger of this nature. And, even if he forgoes the opt-out next offseason, a strong 2024 showing could position him for a multi-year deal.

From a payroll vantage point, Cleveland had ample room to plug him into the mix — history of low payrolls notwithstanding. Bell, assuming an even distribution of his $33MM guarantee, pushes the Guardians to just $35.3MM in guaranteed salary next season. Add in another $35.7MM in projected salaries for arbitration-eligible players (tip of the cap to MLBTR contributor Matt Swartz) and a slate of pre-arbitration players to round out the roster, and the Guardians will sit around the $87MM mark next season — at least as things currently stand.

The Guardians opened the 2021 season with just a $49.6MM payroll and were at $68.2MM to begin the 2022 campaign, but they won the AL Central in ’22 and are only five years removed from trotting out an Opening Day payroll of nearly $135MM. At least on paper, there should be room to make further additions, though that’ll depend on ownership’s willingness to further ramp up payroll as they look to repeat in a weak division.

Quick Hits: Kiermaier, Dodgers, Red Sox, Marlins, Bellinger, Bell, Rays, Diaz, Reds

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Kevin Kiermaier is off the market after agreeing to a deal with the Blue Jays earlier today, and the former Gold Glover was drawing interest elsewhere on the market.  The Dodgers “were in the running down to the end” on Kiermaier, according to Jorge Castillo of the Los Angeles Times (Twitter link), as Kiermaier was presumably being eyed as the left-handed hitting, center field replacement for Cody Bellinger.  Dodgers president of baseball operations Andrew Friedman is no stranger to Kiermaier, as Friedman was the Rays’ general manager when Kiermaier began his career in Tampa Bay.

Red Sox chief baseball officer Chaim Bloom is also a former member of Tampa’s front office, but Kiermaier and the Sox had only “periphery discussions” about a possible contract, MassLive.com’s Chris Cotillo tweets.  Adding Kiermaier would’ve helped the Sox address their needs in the outfield, but the newly-signed Masataka Yoshida is Boston’s biggest swing in the outfield market to date.  For now, the first-choice Red Sox starting outfield looks like Yoshida in left field, Enrique Hernandez in center, and Alex Verdugo in right.

More from around baseball…

  • Speaking of past pursuits, Bellinger and Josh Bell were among the players “targeted” by the Marlins, according to Jordan McPherson of the Miami Herald.  Both free agents are now off the market, after Bellinger signed with the Cubs and Bell joined the Guardians.  Bellinger would’ve been a natural fit for the Marlins’ longstanding need in center field, and would’ve at least provided strong defense, even if it remains to be seen if his bat can return to anything close to his past MVP levels of production.  Bell has provided solid (if not always consistent) offense over the last two seasons, and the Marlins naturally have a lot of familiarity with Bell from his days with the Nationals.  Miami already parted ways with Lewin Diaz and Garrett Cooper has been a trade candidate in the past, so it would seem like first base could be a target position for the Marlins as they look to add some much-needed pop to their lineup.
  • Though the Rays are also looking to add offense and particularly a left-handed hitting first base option, Bell “wasn’t high on their list,” Marc Topkin of the Tampa Bay Times writes.  It’s a moot point anyway with Bell now in Cleveland, and the Rays can continue their search for a bat at just about any position.  “Outside of maybe a shortstop, there probably aren’t too many other areas where we’d say, ’No, we don’t have any interest in that’….We’re fortunate, because we have enough moving pieces and versatility with our players that there’s a lot of different players we could bring in and make it work,” Rays GM Peter Bendix told Topkin and other reporters.
  • “Teams have checked” in with the Reds about Alexis Diaz, Bobby Nightengale of the Cincinnati Enquirer writes.  No trade seems close or particularly likely, given how the rookie right-hander looks more like a building block than a trade chip.  In his first MLB season, Diaz finished fifth in NL Rookie of the Year voting after posting a 1.84 ERA over 63 2/3 innings out of the Reds’ bullpen.  Apart from a very high 12.9% walk rate, Diaz’s Statcast metrics were otherwise excellent, and he could be on his way to joining older brother Edwin as a star closer.  Interestingly, the Mets explored a trade for the younger Diaz before the trade deadline, but while Cincinnati is in a rebuild phase, Nightengale figures it “would take an absolute haul to even pique the Reds’ interest” in a Diaz swap.

Padres Unlikely To Pursue Other Shortstops After Missing Out On Trea Turner

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The Padres’ bid to sign Trea Turner —  which reportedly included a larger offer than he accepted in Philadelphia, even after accounting for California’s higher income tax — caught plenty of fans and pundits off-guard. The Padres already have Fernando Tatis Jr., Ha-Seong Kim, Manny Machado and Jake Cronenworth as options in the infield, and San Diego also has a pair of $300MM players on the roster in Machado and Tatis (though the former could opt out following the 2023 season).

There’s been speculation (here included) about whether Padres president of baseball operations A.J. Preller will pivot and look into the remaining All-Star shortstops in free agency, but Kevin Acee of the San Diego Union-Tribune reports that Turner was viewed as a special case and that the Padres were singularly interested in him, rather than adding another shortstop to the mix. As such, it’s unlikely that the Friars will pursue any of Carlos Correa, Xander Bogaerts or Dansby Swanson in the wake of being spurned by Turner. The Athletic’s Dennis Lin does write that the Padres have checked in with Bogaerts this offseason, but Lin adds that Turner was the team’s “clear” preference. MLB.com’s AJ Cassavell adds that the Padres have not spoken to Kim or Cronenworth about a position change at this time.

Preller acknowledged the team’s interest in Turner and the disappointment in not landing him when speaking with Acee and others on the San Diego beat Monday evening. Part of Turner’s appeal, as Preller explained, was his athleticism and experience playing positions other than shortstop, which the Friars believed could create some more flexible lineup choices.

Even if the Padres are out of the mix (or, at best, on the periphery) for the remaining shortstops, the strong bid for Turner is still plenty notable. It underscores that even with a star-studded roster and a payroll that many expected to be reaching its maximum levels, Padres ownership is willing to spend at levels commensurate with the sport’s very biggest financial powers. The Padres paid the luxury tax in 2022, have a projected $210MM bottom-line payroll in 2023 and a projected $230MM in luxury-tax obligations, per Roster Resource, but were apparently still content to put down a $300MM+ offer on Turner.

That doesn’t necessarily mean that San Diego will pivot and dive headlong into the bidding for Aaron Judge, but it also at least opens the door for speculation about such top-of-the-market pursuits. Preller spoke of a corner bat and a starting pitcher as his top needs. Acee suggests that San Diego has looked into reunions with Josh Bell and Brandon Drury in addition to the recently non-tendered Dominic Smith, illustrating the  vast breadth of possibilities the team is considering with Turner now in Philadelphia.

Previewing Upcoming Qualifying Offer Decisions

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The World Series concludes this weekend, and the offseason gets underway almost immediately thereafter. Teams and players have to decide whether to exercise contractual options within five days of the Series ending, while clubs also must determine whether to issue their impending free agents a qualifying offer before free agency officially opens. MLBTR’s Mark Polishuk took a preliminary look at the qualifying offer class in August (position players/pitchers).

With another few months of play in the books, we’ll take a final run at previewing the class. As a refresher, the qualifying offer is a one-year offer that’s calculated by averaging the salaries of the 125 highest-paid players in the majors in a given season. That value has been set at $19.65MM for this offseason. If a player rejects the offer, he sets out into free agency. The player’s previous team would receive draft pick compensation if he signs elsewhere, while a team that signs another club’s qualified free agent would forfeit a draft choice (or choices) and possibly international signing bonus space.

Draft pick compensation and forfeiture differs depending on a team’s revenue sharing status and whether they exceeded the luxury tax threshold this year. MLBTR’s Tim Dierkes looked yesterday at what picks each team would lose were they to sign a qualified free agent; conversely, Mark Polishuk covered the draft pick compensation clubs would land if one of their qualified free agents departed.

Locks

There’s not a whole lot to say about this group. These are 10 of the best impending free agents. Bogaerts, deGrom, Judge, Rodón, Swanson and Turner are all going to top nine figures. Díaz, Nimmo and maybe Contreras could get to $100MM. Bassitt doesn’t have quite that earning power, since he’ll turn 34 in February. That caps the length of the contract he can expect, but the veteran righty is arguably the fourth-best starting pitcher on the market. He’s likely to land an annual salary similar to the value of the QO over a multi-year term.

Possible Candidates

A stable back-of-the-rotation strike-thrower, Anderson inked an $8MM guarantee with the Dodgers last year. The veteran southpaw responded with a career season, posting a sparkling 2.57 ERA across 178 2/3 innings. He walked fewer than 5% of opposing hitters and averaged almost six innings per appearance, an incredible source of stability in a rotation that dealt with a fair share of injuries.

Headed into his age-33 season, Anderson is now in position for easily the best payday of his career. The question is whether that might come in the form of the QO. The Dodgers certainly have the budget for an investment of that size, and they’re never shy about stockpiling pitching depth. Yet it’s fair to wonder whether Anderson projects markedly differently than he did last winter when he was coming off a combined 4.49 ERA from 2020-21. He benefited from a career-low .256 batting average on balls in play this year, and his 19.5% strikeout rate is a near-match for his 2021 mark. His fastball still averages under 91 MPH, and while he turned to his changeup more often this past season than he has previously, he didn’t dramatically overhaul his repertoire. Anderson’s a solid pitcher with a knack for getting opponents to chase and make weak contact, but he doesn’t brandish the kind of power arsenal that’d immediately endear him to teams.

Eovaldi is wrapping up a four-year deal he signed with the Red Sox on the heels of his incredible 2018 postseason. The right-hander had a tough 2019 season but has followed up with three generally solid years since then. Eovaldi has posted an ERA between 3.72 and 3.87 since 2020, consistent mid-rotation production. That’s in line with what he’s done for much of his career.

Despite possessing big velocity, Eovaldi’s more of a control artist than a bat-missing weapon at the top of the starting staff. He’s incredibly walked less than 5% of opposing hitters in each of the last three years, with a cumulative 4.4% mark that’s the second-lowest among 94 pitchers with 250+ innings over that stretch. He posts above-average swinging strike rates but not elite numbers in that regard, and he tends to give up a fair number of home runs.

One can argue Eovaldi’s the fourth or fifth-best free agent starter available, although he spent time on the injured list this year with separate back and shoulder concerns en route to just 109 1/3 innings. His typical 97+ MPH heater sat at a slightly diminished (but still strong) 95.7 MPH this year. Eovaldi has two Tommy John surgeries on his ledger and has some durability question marks, but a strong one-year risk could be palatable for a big-spending team that has virtually no certainty in the rotation. At the same time, the Sox would receive only a compensatory pick after the fourth round if he rejects a QO and departs, thanks to their paying the luxury tax in 2022. That’s of marginal value, so Boston’s only really incentivized to make a QO if they hope he accepts.

Despite playing his home games in one of the league’s more pitcher-friendly environments, Haniger popped 39 home runs in 2021. That was a career-best power spike, but it demonstrated the kind of offensive potential he has when healthy. The right-handed slugger posted well above-average hitting marks in 2017-18 before an average ’19 campaign and a 2020 season wiped out by injury. His 2022 showing was more in the latter bucket, as he lost a chunk of the summer to a high ankle sprain and posted a .246/.308/.429 line in 247 trips to the plate.

Haniger’s a middle-of-the-order caliber bat who plays an adequate corner outfield, and he should find a multi-year deal going into his age-32 campaign if the Mariners don’t make him a QO. On the heels of this platform season, he’d have to seriously consider accepting the QO if offered. Seattle has a fair bit of near-term financial flexibility to make that bet, but they also have a number of in-house outfielders who can step in more affordably if Haniger walks.

The Dodgers rolled the dice on Heaney after a home run-filled 2021 season, signing him for $8.5MM. The southpaw didn’t provide much volume, missing extended stretches of the year fighting shoulder discomfort. When he was healthy enough to take the mound, the 31-year-old was brilliant. Heaney posted a 3.10 ERA and struck out an incredible 35.5% of opposing hitters through 72 2/3 innings. He got a swinging strike on a whopping 16.8% of his offerings, the highest rate of any pitcher with 70+ innings pitched. Heaney put up ace-caliber numbers when he took the hill, but he pitched less than half the season and is only a year removed from a 5.83 ERA over 30 outings with the Angels and Yankees.

Unlike a few other pitchers on this list, one can easily point to a huge change with Heaney that could’ve spurred his breakout. He started throwing a slider for the first time since 2017, turning to it as his go-to secondary offering while ditching his curveball and scaling way back on his changeup usage. The new breaking ball was fantastic, holding opponents to a .170 batting average with one of the highest whiff rates in the league.

That leads to a tough decision for L.A. The Dodgers have shown as much willingness as any team to take short-term risks on high-upside players, including Heaney himself last winter. There’s a difference between an $8.5MM gamble and one pushing $20MM, but he could be next in the line of Kevin Gausman and Carlos Rodón breakout types if he can stay healthy.

A former top prospect, Pérez has bounced around the league but consistently put up below-average results after some early-career success. He returned to his original organization last offseason, inking a $4MM deal with the Rangers after a pair of rough seasons in Boston. That proved to be one of the better buy-low moves of the winter, as Pérez made 32 starts and soaked up 196 1/3 innings. He posted a 2.89 ERA, a top 25 mark among hurlers with 100+ innings. Despite pitching in the majors for over a decade, he’s only entering his age-32 season.

If the Rangers are confident Pérez can come close to replicating his 2022 production, then a QO would be an easy call. Yet it’s fair to wonder how sustainable the southpaw’s success is. He posted an ERA north of 4.00 every year between 2014-21. He didn’t experience any kind of velocity bump, nor did his strikeout and walk profile change. Pérez only punched out 20.6% of opponents on a meager 8.4% swinging strike rate. He did induce ground-balls at a quality 51.4% clip, but he’s previously posted strong grounder rates without finding much success keeping runs off the board. Pérez made some small tweaks to his repertoire, using his sinker more against right-handed batters while leaning a bit more heavily on his cutter against lefties. Without a massive overhaul or velocity spike, though, it’s hard to know how much of his improved results truly represent a step forward.

Rizzo inked a two-year, $32MM guarantee to return to the Yankees in Spring Training. The deal allowed him to opt out of the final $16MM after this season, and the first baseman now looks as if he’ll do so. After a couple fine but unspectacular years, Rizzo bounced back with a 32-homer showing for the first time since 2017. He only hit .224, but that’s largely due to a career-worst .216 batting average on balls in play. Few hitters in baseball were shifted against more often, and the upcoming limitations on shifting should help him find a few more base knocks. Even if the shift ban doesn’t lead to a jump in performance, his .224/.338/.480 mark through 548 plate appearances checked in 32 points above the league average by measure of wRC+.

Heading into his age-33 campaign, Rizzo’s likely limited to two or maybe three-year offers. Those should be at annual rates at least approaching the value of the qualifying offer. It seems unlikely Rizzo would accept a QO. After all, in order to be eligible for the qualifying offer, he’d first have to decline a $16MM salary for next year. Perhaps he’d be content to take the accompanying $3.65MM pay bump before re-testing free agency after 2023, but he’d presumably prefer a new multi-year arrangement. Even if he does accept the QO, the Yankees could find that a reasonable investment, as Rizzo’s high-contact lefty bat plays well in their ballpark and in a lineup that otherwise skews toward the right side.

Taillon has spent the past two years in the Bronx after coming over from the Pirates via trade. New York rolled the dice at the time, surrendering a few solid prospects for a pitcher who’d missed the 2020 season after undergoing the second Tommy John surgery of his career. Taillon rewarded their faith, posting the #3/4 starter-type numbers he had throughout his time in Pittsburgh. Over the past two years, the right-hander owns a 4.08 ERA through 61 starts in a hitter-friendly environment. He’s punched out a slightly below-average 21.9% of opponents but only walked 5.7% of batters faced, holding the opposition to a .242/.290/.426 line.

Heading into his age-31 season, Taillon is one of the better options in a class full of mid-rotation starters. He averages around 94 MPH with his fastball, throws plenty of strikes and has flashed the ability to both miss bats and keep the ball on the ground at times in his career. Taillon never became the ace some may have expected when he was drafted second overall back in 2010, but he’s a rock-solid league average starter. Clubs may have some trepidation long-term about the two Tommy John procedures in his past, but the only injured list stint he’s required in the last two years was a two-week absence in September 2021 for an ankle issue. The Yankees do have a number of rotation options, but there’s enough uncertainty with players like Luis Severino, Domingo Germán and Clarke Schmidt they’d seem content to welcome Taillon back if he accepts the QO.

Walker’s going to decline a $6MM player option in favor of a $3MM buyout, leaving the Mets to decide whether to follow up with a QO. Signed over the 2020-21 offseason, the right-hander had a somewhat disappointing first season in Queens, posting a 4.47 ERA. He rebounded with a strong 3.49 mark in 157 1/3 innings this past season, taking the ball 29 times despite a minor early-season IL stint due to shoulder bursitis. He didn’t overpower opponents, striking out a slightly below-average 20.3% of batters faced, but he consistently threw strikes and got ground-balls at an above-average 46.2% clip.

Heading into his age-30 season, Walker looks the part of a useful mid-rotation starter. He battled some injury issues early in his career but has mostly been healthy the last two years. He averages a bit under 94 MPH on his fastball, is effective against hitters from both sides of the plate and is coming off arguably the best season of his career. Walker gives up a decent amount of hard contact, but that’s perhaps not as concerning for a Mets team that plays its home games in a pitcher-friendly ballpark as it would be to some other clubs. The Mets have a number of impending free agents in the rotation and as high a spending ceiling as any team in the game, so they could be content to absorb a heavy one-year salary for Walker.

Longshots

Entering the season, Clevinger looked like one of the higher-upside options in the class. He was coming off a 2021 campaign lost to Tommy John surgery, but he’d been excellent for the Indians and Padres from 2017-20. This year didn’t go well, though. Clevinger’s stuff was notably down from his pre-surgery form, and his results were below-average across the board. He finished the season with two abysmal playoff starts, and the Padres are probably content to let him sign elsewhere.

Eflin had a solid case for a three-year deal midway through the first half. The typically effective right-hander then lost two months with a right knee injury, an unfortunate continuation of knee troubles that have plagued him since before he began his career. Eflin has undergone multiple knee surgeries in the past, and while he didn’t need to go under the knife this year, the absence kept him to working in shorter stints out of the bullpen for the stretch run and the playoffs. Coming off that platform season, it’s hard to see the Phillies offering a salary approaching $20MM.

Kershaw’s an easy QO candidate in a vacuum. He’s still one of the game’s best pitchers on a rate basis, and a $19.65MM salary is a bargain for even the 126 1/3 innings of 2.28 ERA ball he gave the Dodgers this past season. Yet that was also true last winter, when the future Hall of Famer was coming off a 3.55 mark across 121 2/3 frames. The Dodgers opted against a QO — not because they were against guaranteeing him a lofty one-year salary, but because they wanted to give Kershaw more than the 10 days allotted to QO recipients to determine his next steps, as president of baseball operations Andrew Friedman later explained. Friedman has already implied they’ll do the same this winter.

San Diego acquired Manaea from the A’s in Spring Training, hoping to solidify an already strong rotation with a durable source of mid-rotation innings. The southpaw mostly delivered on that for the first half, posting a 4.11 ERA through the All-Star Break. His final couple months were a disaster, though. Manaea was barraged for a 6.44 ERA in the second half, coughing up 15 homers along the way. The Friars gave him just one postseason start, and he failed to make it out of the second inning while giving up five runs in a loss to the Phillies. Before these past few months, Manaea had a consistently solid track record, and his 2022 strikeout and walk rates are in line with his career marks. He should be a popular bounceback candidate in free agency, but as with Clevinger, it feels like the Padres are set to move on.

Profar can opt out of the final year and $7.5MM on his deal with San Diego. He’ll do so and beat that modest figure on the heels of a useful .243/.331/.391 showing over 658 plate appearances. Profar has put up slightly above-average offensive numbers in two of the past three seasons, but he’s now limited to left field after throwing issues pushed him off second base. Without much defensive value or a carrying tool at the plate, he’s not going to command a salary approaching the value of the QO in free agency.

Stripling had a strong 2022 season as a swing option for the Blue Jays. He started 24 of 32 appearances, tallying 134 1/3 innings of 3.01 ERA ball. The veteran righty doesn’t throw particularly hard, but he missed bats on a decent 11% of his offerings and only walked 3.7% of opponents. Stripling proved a surprisingly key piece of the Jays starting staff, but he’s headed into his age-33 season and had a ghastly 5.14 ERA from 2020-21. Toronto could well look to bring him back, but his career track record doesn’t support a salary in the QO range.

Wacha put up a 3.32 ERA across 127 1/3 innings for the Red Sox this year, making good after inking a $7MM free agent guarantee. The righty didn’t dramatically overhaul his approach, though, posting lower strikeout and swinging strike numbers than he did during 2020-21 campaigns in which he combined for a 5.39 ERA over 37 outings. Wacha’s a solid strike-thrower and has given himself a shot at a multi-year deal, but it wasn’t the kind of resounding breakout that should position him for a salary pushing $20MM. Even for a Red Sox team that needs to overhaul its rotation, that’d be an eyebrow-raising investment, and it’s hard to imagine Wacha turning the QO down if offered.

Ineligible

All six of these players would’ve been at least plausible qualifying offer candidates, but they’re ineligible to receive one under the terms of the collective bargaining agreement. Teams can’t qualify any player who has previously received a QO in his career, nor are they allowed to tag a player they acquired midseason. The ’previous QO provision’ rules out Abreu, Correa and Verlander; Bell and Benintendi were traded midseason. Syndergaard is ineligible on both accounts.

Brewers Notes: Stearns, Deadline, Rosenthal

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The contractual status of Brewers’ president of baseball operations David Stearns continues to be shrouded in mystery. It was once believed that 2022 was the final year of his contract, until it was reported in October of last year that Milwaukee had some sort of option over Stearns for 2023. In February, it emerged that Stearns was actually under contract for 2023 but could opt out of the deal if the Brewers reached the World Series in 2022. That was followed by a report in May from Jon Heyman of the New York Post that it was “believed” Stearns could actually opt out if Milwaukee reached the NLCS.

In another piece from Heyman in recent days, he hedges that a bit, saying that it’s “unconfirmed” whether the Brew Crew need to reach the NLCS or the World Series. Of course, the reason that all this is so newsworthy is that the Mets have been trying to pluck the New York native from Milwaukee for essentially the past year. The Brewers denied their request to interview him this winter, given the two years that were then remaining on his contract. The Mets eventually hired Billy Eppler to serve as general manager, but could theoretically still hire Stearns in the future as well, perhaps with the president of baseball operations title he currently holds in Milwaukee. Stearns would no doubt be intrigued by moving to New York, not just because he’s from there. The Mets also have significantly higher spending power, running out a $264MM Opening Day payroll this year, doubling the $132MM number of the Brewers.

Of course, those budgetary concerns were the primary motivator of the recent Josh Hader trade. As noted in the above report from Heyman, the club then tried to compensate for Hader’s loss by boosting the lineup. They apparently tried to acquire Brandon Drury and Josh Bell, losing the bidding to the Padres in both cases. They also targeted Joc Pederson, though the Giants decided against a major selloff and didn’t end up trading him. Joey Gallo was also considered, though he ended up going to the Dodgers instead. Perhaps due to the their lackluster deadline or perhaps coincidentally, the club has gone 4-7 this month, letting the NL Central lead slip to the Cardinals, with the Brewers now 1 1/2 games back.

As for the club’s Hader-less bullpen, Stearns acquired other pitchers to try and make up that loss, with one of those being Trevor Rosenthal. The righty has previously been one of the best relievers in the sport, but injuries have limited him to less than 40 total innings since the end of the 2018 campaign. He was signed by the Giants a couple of weeks before the deadline this year and immediately placed on the injured list due to a hamstring issue. The Brewers picked him up at the deadline in a high-risk move that would potentially have a high reward if Rosenthal could return to his previous form. We are on the verge of finding out whether it pays off or not, as Rosenthal told reporters, including Todd Rosiak of the Milwaukee Journal Sentinel, that he’s going on a rehab assignment this week. He also added that he recently touched 98 mph in a workout. His most recent action was in the shortened 2020 season, when he threw 23 2/3 innings with a 1.90 ERA along with an incredible 41.8% strikeout rate. If he can get anywhere close to that level here this year, he’ll give the Brewers a much-needed boost down the stretch.

A.J. Preller, Mike Rizzo Discuss Juan Soto Trade

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We’re a week removed from one of the biggest blockbusters in MLB history, the deal that sent Juan Soto and Josh Bell from the Nationals to the Padres for five young players and first baseman Luke Voit. Jeff Passan of ESPN takes a long look into the process that eventually led to the deal in a piece that’s well worth a read in full.

A Soto trade seemed unfathomable around a month before the deadline, with Washington general manager Mike Rizzo flatly stating the club wouldn’t deal him. That was before Soto passed on a 15-year, $440MM extension offer that apparently represented the Nationals final offer. At that point, Rizzo and his staff reversed course and turned their attention to the trade market. Passan writes the Nationals identified the Padres, Dodgers, Yankees, Cardinals, Mariners, Rays, Rangers and Blue Jays as a preliminary list of teams with the kind of young talent to pull off a deal.

According to Passan, the Nats had whittled that down to a trio of the Cardinals, Dodgers and Padres by the final week of July. With St. Louis reportedly reluctant to include Dylan Carlson in a package that also included a number of top prospects, Los Angeles and San Diego became the final two. Passan relays that San Diego and Washington higher-ups really gathered momentum late into the evening of August 1, the night before the trade deadline. A late entrant to discussions was the inclusion of Bell, one of the top rental bats available, to convince the Friars to part with high-upside 18-year-old pitcher Jarlin Susana. By the middle of the night on August 1-2, Passan reports, the parties agreed to the package of young talent that’d go back to Washington pending review of medical records the next morning. (Passan adds the humorous anecdote that San Diego president of baseball operations A.J. Preller then continued working deep into the night on additional trade possibilities before falling asleep in the middle of a conversation with a member of his scouting staff).

While the initial iteration of the deal included Eric Hosmer going to Washington, the first baseman exercised his limited no-trade protection to block the deal. San Diego pivoted and traded Hosmer to the Red Sox, and Passan writes that San Diego and Washington had each previously agreed that one of Voit or Wil Myers could take Hosmer’s place in the event he refused to waive his no-trade clause.

“We did as well as we could do,” Rizzo opined to Passan. “You lost a Hall of Famer at 23, but I think we expedited our reboot. When you’re looking at the alternative, the same narrative would’ve been out there this winter. If you don’t trade him now, what are you doing in the offseason? I give the Padres’ ownership credit. And I give A.J. credit because he’s not afraid to make a trade like this. And I give our ownership credit.”

Preller went into detail about his team’s involvement in the Soto discussions during an appearance this afternoon on The Show, a podcast from the New York Post with Jon Heyman and Joel Sherman. The San Diego baseball operations leader confirmed the Nationals identified his system as one of a handful that could support a blockbuster of this magnitude early in the process.

“We could tell we were going to be one of the final teams if we wanted to participate,” Preller told the Post. “You never know if you’re going to be the team. It’s like anything else, there’s going to be two or three teams that all have really strong packages. … There was just a lot of debate and discussion for us over the next few weeks about the right thing to do, the right players to give up.”

Once the sides were nearing agreement on the prospect return, the onus fell on San Diego to push the deal across the finish line, Preller explains. “At the end, you have to decide. Do you want to do this or not? That’s kind of the gut-check at the end, when the Nats put it on you: ’this five or six-player package gets it done.’ That’s when you come back into the room with your small group of people and (owner) Peter Seidler. It’s on the table if we want to do this. And if we don’t do it, ultimately we have to live with the fact that he may go elsewhere. … At the end of the day, you have to make that decision.”

Obviously, Preller and his group decided to pull the trigger, although he indicated the club wasn’t narrowly focused on a Soto deal. Preller confirmed to the Post that San Diego was involved in discussions with the Angels about Shohei Ohtani. He said there was some but not entire overlap in the young players of interest to both Washington and Anaheim but indicated the Angels were ultimately unwilling to part with Ohtani. Heyman reported last week that Angels owner Arte Moreno wouldn’t sign off on an Ohtani trade while Mike Trout is on the injured list.

Padres fans and/or anyone interested in additional details about San Diego’s trade talks will want to check out Preller’s interview with Heyman and Sherman in full. Preller also discussed the necessity of balancing a roster with star talent and depth, the acquisition of All-Star reliever Josh Hader from the Brewers, plans for rehabbing star Fernando Tatis Jr., and his team’s struggles against the Dodgers among other topics.

Padres Acquire Juan Soto, Josh Bell; C.J. Abrams, MacKenzie Gore, Luke Voit Among Six Players Back To Nationals

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The Padres pulled off the biggest deadline deal in years, announcing the acquisition of both Juan Soto and Josh Bell from the Nationals. San Diego sent back a haul of young talent to complete the blockbuster. Rookie shortstop C.J. Abrams and left-hander MacKenzie Gore are headed to Washington, as are a trio of highly-regarded prospects: outfielders Robert Hassell III and James Wood, and pitcher Jarlin Susana. To round out the deal, the Nats are picking up big league first baseman Luke Voit.

It’s a stunning blockbuster, one of the most seismic trades in major league history. There’s almost no precedent for a player of Soto’s caliber being dealt, particularly not with multiple seasons of remaining club control. The lefty-hitting outfielder is among the game’s top handful of players, a superstar performer who has amazingly yet to turn 24 years old. Soto debuted in the big leagues as a 19-year-old in 2018, having played just eight games above A-ball at the time. Even holding his head above water would’ve been impressive in that context, but Soto immediately stepped into the majors as of its best hitters.

Soto hit .292/.406/.517 in 116 games as a rookie. He’s followed that up with successively elite offensive seasons, looking well on his way to being an all-time great hitter. Between 2019-21, Soto hit .304/.440/.561. He averaged more than 25 home runs per year (even with the 2020 schedule being dramatically shortened) and drew plenty more walks than strikeouts. Soto finished in the top ten in NL MVP balloting each season, including a runner-up finish last year. He was an integral part of the Nationals’ World Series winner in 2019, following up a .282/.401/.548 regular season performance with a .277/.373/.554 showing during that year’s postseason. Along the way, Soto claimed a pair of Silver Slugger Awards and was selected to the All-Star Game in 2021.

The 2022 campaign hasn’t been Soto’s best, but a “down” season by his standards would be a career year for most players. Through 436 plate appearances, he’s hitting .246/.408/.485. He’s drawn walks in an MLB-best 20.9% of his trips to the dish while striking out just 14.2% of the time. He’s tied for 17th in the majors with 21 longballs, and he’s third among hitters with 200+ plate appearances in on-base percentage (.408). That’s in spite of a .243 batting average on balls in play that’s easily the lowest mark of his career, nowhere close to .330 figure he carried into the season. The lesser ball in play results do reflect a slight downturn in his batted ball quality, but Soto’s batted ball metrics and exit velocities are better than his actual batting average and slugging output might suggest.

It wasn’t long ago that trading a hitter of this caliber would’ve seemed unfathomable. The Nationals are less than three years removed from their aforementioned championship. Even after a last place finish in 2020, Washington was in win-now mode heading into 2021. A swoon just before last summer’s trade deadline dropped them near the bottom of the National League and kicked off a major reboot that saw stars like Max Scherzer, Trea Turner and Kyle Schwarber traded. All those players were within their final season and a half of remaining control, however, while Soto was still more than three years from free agency at the time. There was seemingly never any consideration on the Nats part to dealing him either last summer or over the offseason.

That remained the case just two months ago, when Washington general manager Mike Rizzo flatly declared the club was “not trading” Soto. That was before their latest (and ultimately final) attempt to sign him to a long-term deal. After Soto rejected a 13-year, $350MM extension offer last offseason, the Nationals reengaged with his representatives this summer. Soto again turned down the Nationals overtures — this time a 15-year, $440MM proposal — and the club pivoted to the trade market.

One could certainly argue whether that was the right course of action for the franchise to take. Even if the organization were convinced that signing Soto to an extension was untenable, they didn’t have to move him this summer. Soto is arbitration-eligible through 2024, so Washington could’ve held onto him until next winter or merely proceeded year-by-year through the arb process and tried to put a contending roster back around him. Rizzo and his staff decided against that course of action. The Nationals have a barren farm system and have curtailed payroll in recent seasons while the Lerner family explores a sale of the franchise. Turning around a team with an NL-worst 35-69 record within the next two years would’ve been an immense challenge even with Soto on the roster, and the Nats are now fully embracing a rebuild that’ll likely take multiple seasons.

That decision will be a tough pill to swallow for at least some segment of the fanbase. Washington has now seen the departures of Scherzer, Turner, Anthony Rendon and Soto within the past few years — dramatically overhauling the franchise’s best clubs since it moved to Washington. They’re surely hopeful that players like Josiah Gray, Keibert Ruiz and the package of young players they’re receiving in the Soto deal will comprise a core of another contender down the road, but there’s no denying how quickly the Nationals fell from the top after winning the title three seasons back.

On the other side of the equation, the Padres are landing one of the sport’s preeminent superstars to bolster an already star-studded roster. The Friars have gone in the opposite direction of the Nationals over the past few years, coming out of their rebuild in 2020 with an excellent young core after years of building the farm system. President of baseball operations A.J. Preller and his group have shown a willingness to swing for marquee talent time and again. They’ve signed Manny Machado to a huge free agent contract and swung blockbuster trades for players like Yu Darvish, Blake Snell and Mike Clevinger. For as aggressive as Preller’s been over his eight years running baseball ops, he’s never had a two-day stretch like this. The Friars sent closer Taylor Rogers, righty Dinelson Lamet and two prospects to land star reliever Josh Hader from the Brewers yesterday. He’s now followed up with the kind of blockbuster that’ll define his front office tenure.

The Padres enter play Tuesday with a 58-46 record. They’re in possession of the National League’s second Wild Card spot and a likely playoff team, but even adding Soto and Hader is unlikely to give them much of a chance at erasing a 12-game deficit to the Dodgers in the NL West. The acquisition is both about solidifying their hold on a playoff spot for this season and adding another impact bat alongside Fernando Tatis Jr. and Machado for the next few seasons. The Padres could theoretically try to reengage Soto’s reps at the Boras Corporation about a possible long-term pact, but the more likely scenario would seem to be that he’ll spend the remainder of his arbitration seasons in San Diego.

To get the deal done, the Friars reportedly outbid some of their National League competitors. The Cardinals and Dodgers were generally viewed among San Diego’s top rivals in the bidding for Soto, and there’s surely an added bonus in keeping him away from teams whom San Diego could plausibly meet in the postseason for the next few years. Preller and his staff probably have no small amount of satisfaction in topping the Dodgers’ offers after Los Angeles stepped in to land Scherzer from Washington last summer — not long after reports emerged that San Diego was closing in on a Scherzer agreement with the Nats.

While Soto is obviously the headlining piece of the deal, Bell is far more than an ancillary throw-in. He’s one of the top bats to change hands this summer himself, a player who ranked #3 on MLBTR’s list of the top deadline trade candidates. Bell is one of the more well-rounded hitters in the sport. He’s a switch-hitting power bat who topped out with 37 home runs with the Pirates back in 2019. While that was probably inflated somewhat by the livelier baseball used during that season, Bell has continued to hit for above-average power in the years since then. After a down year in the shortened 2020 campaign, Bell rebounded to connect on 27 longballs during his first season in Washington. He’s hit another 14 homers and 24 doubles through 437 plate appearances this season.

Unlike most power hitters of his ilk, Bell also brings strong bat-to-ball skills to the table. He’s striking out in only 14% of his trips this season, his lowest rate since his rookie year and markedly below the league average. Bell has paired that with quality plate discipline manifesting in an 11.2% walk rate and an overall .302/.384/.493 line. Since being traded to Washington heading into the 2021 season, he’s a .278/.363/.483 hitter in a hair above 1000 plate appearances.

Bell is a pure rental, as he’ll be a free agent for the first time after this season. He’s playing the year on a $10MM salary, around $3.57MM of which is yet to be paid out. He’s limited to first base or designated hitter, but most public metrics agree Bell has played his way to roughly average at first after posting well below-average numbers earlier in his career. While he’s unlikely to ever win a Gold Glove Award, Bell should be a perfectly fine first baseman for the final few months.

A midseason trade not only affords Bell the opportunity to depart a last place club for a contender, it should also boost his free agent stock next offseason. The Nationals were likely to make him a qualifying offer, which would’ve required a signing team to forfeit draft picks and/or international signing bonus space after Bell rejected. Players traded midseason the year before free agency are ineligible for a QO, however, so a trade means Bell’s market won’t be hampered by compensation a few months from now.

Taking on what remains of Soto’s $17.1MM salary (approximately $6.1MM) and Bell’s remaining money — coupled with the Hader trade — is sure to push the Friars beyond the luxury tax threshold. Ownership had reportedly been reluctant to exceed that marker for a second straight year, but the opportunity to add this kind of impact talent compelled them to change their thinking. Jason Martinez of Roster Resource estimates the franchise’s post-trade deadline CBT number around $242MM, a fair bit north of the $230MM base threshold. As a payor for a second straight year, they’ll be taxed at a 30% rate on their first $20MM above the threshold, coming out to approximately $3.7MM in extra fees.

With the chance to transform their roster, majority owner Peter Seidler and company signed off on the addition to an already franchise-record payroll. San Diego presumably plans to remain among the league’s highest-payroll clubs in the coming years, as Martinez projects them for $128MM in guaranteed commitments (with a $157MM CBT figure) for next season. That doesn’t include what’s sure to be another massive arbitration raise for Soto — likely into the $25+MM range — although Bell could depart this winter. It’s a territory with which the franchise is evidently now comfortable, and they’ll be rewarded for their aggressiveness with one of the sport’s most entertaining rosters.

In order to add that kind of star power, the Padres had to be prepared to part with a massive package of young talent. The Nationals had reportedly set an asking price of five-plus young major leaguers and/or prospects in any Soto talks, and that’s what they’ll receive. Abrams is presumably the first player of the deal Washington fans will see at Nationals park, as he’s likely to soon join the MLB roster.

The sixth overall pick in the 2019 draft, Abrams almost immediately played his way towards the top of prospect lists in pro ball. A left-handed hitter with plus bat-to-ball skills and elite speed, he performed quite well in the low minors. The Georgia native missed a fair bit of action, with the cancelation of the 2020 minor league season and a left leg injury that ended his 2021 campaign in July. That kept Abrams to just 42 games above A-ball entering this year, but the Friars nevertheless carried him on the big league roster after losing Tatis to a wrist fracture.

The 21-year-old has struggled in his big league experience to date, hitting .232/.285/.320 through his first 46 games. That’s not unexpected for a player with his lack of experience, though, and Abrams remains a very highly-touted young player. Optioned to Triple-A El Paso midway through the year, he responded with a .314/.364/.507 showing through 30 games to earn another MLB call. He’s played sporadically at each of shortstop, second base and in the outfield with a win-now team in San Diego, but he should have a clearer path to everyday playing time at shortstop on the Nationals.

Abrams checked in as the game’s #11 prospect on Baseball America’s recent top 100, with the outlet reaffirming that his bat-to-ball skills and athleticism give him a chance to be a franchise shortstop. Abrams’ relatively narrow frame doesn’t lead to huge power projection, but he’s credited with possible 15-20 homer pop at his peak. There’s some debate whether he’ll stick at shortstop or should eventually move to second base or center field, but he’s certain to play up the middle somewhere and could be a traditional top-of-the-order type.

The Padres decision to option Abrams to Triple-A was quite likely more motivated by his struggles at the MLB level than any kind of service time gaming. It did have the effect, however, of ensuring he won’t reach a full year of service this season. He remains controllable through the end of the 2028 season, and future optional assignments could push that trajectory back even further.

Gore would’ve joined Abrams in soon appearing on the MLB roster, but he’s currently on the injured list due to elbow inflammation. The Padres were targeting a September return for the 23-year-old southpaw, although it’s seemingly possible he doesn’t make it back to the mound this season. That’s largely immaterial for the Nationals, who are obviously looking well into the future anyhow. It doesn’t seem the club has real long-term concerns about Gore’s arm health.

If healthy, Gore is among the more interesting young arms in the sport. The third overall pick in the 2017 draft, he quickly developed into the game’s top pitching prospect after dominating lower level hitters. Then came a rough two-season stretch between 2020-21. Gore reportedly struggled with his mechanics and battled extreme wildness at the alternate training site the former year, then had an up-and-down 2021 season that saw the club send him back to the complex for a stretch to reset in a lower-pressure environment. Gore righted the ship to some extent, returned to an affiliate late in the year, and began this season at Triple-A.

After one appearance, Gore was promoted to make his major league debut. He went on to make 13 starts while the club navigated injuries to Blake Snell and Mike Clevinger, pitching to a 4.27 ERA with a solid 23.1% strikeout rate. Gore’s 11.5% walk percentage remained a bit high, but it wasn’t anywhere near the level of control concerns he’d had in prior seasons. San Diego moved him to the bullpen for three outings in order to keep tabs on his innings, and Gore was hit hard before going on the IL.

Whether the elbow issue played into Gore’s late struggles or not, he’s still a plenty sensible inclusion in the deal for the Nationals. He’s a high-end athlete with a fastball that averages just under 95 MPH and a pair of promising breaking pitches. Gore is likely to eclipse a full year of service in 2022, putting him on track to potentially reach free agency after the 2027 campaign. He still has all three minor league option years remaining, however, and any future optional stints could push back his path to the market.

Alongside the two big leaguers, the Nationals bring in a trio of highly-regarded prospects. Like Abrams, Hassell and Wood are regarded as top five prospects in the Padres farm system and among the top 60 minor league players in the game, according to Baseball America. Susana’s not quite at that level, but BA recently slotted him as the Padres #10 prospect.

Hassell, 21 this month, was the eighth overall pick in the 2020 draft. He’s a lefty-hitting outfielder who brings a generally well-rounded center field profile. The Tennessee native is regarded as a future plus hitter, and while he doesn’t have overwhelming power, he brings strong bat-to-ball skills and plenty of defensive value. Through 346 plate appearances in High-A this season, Hassell owns a .299/.379/.467 line with ten homers, 20 stolen bases, a lofty 11% walk rate and a solid 19.1% strikeout percentage.

Wood, 19, was the Friars second-round pick last season. A toolsy high school outfielder from Florida, he had swing-and-miss concerns as a draft prospect that led to some questions about his ability to consistently tap into his huge power potential. The 6’7″ outfielder has reportedly made major changes to his mechanics since entering pro ball, however, and he’s tearing the cover off the ball in Low-A. Across 236 plate appearances, the lefty-hitting Wood owns a .337/.453/.601 line. He’s popped 10 homers, swiped 15 bases and has a robust 15.7% walk rate against a more than manageable 17.8% strikeout rate. BA suggests he could be a middle-of-the-order bat capable of swatting 30-plus homers annually at his peak.

Susana, 18, just signed in this past international amateur class. A 6’6″ right-hander, he’s already been clocked into the mid-upper 90s with a plus slider. Susana’s youth and distance from the majors — he’s yet to advance past the complex level — make him a high-risk prospect, but BA notes that he’s a similar caliber of prospect as the same-aged high school pitchers who went in the first round of last month’s domestic amateur draft.

Finally, the Nationals round out the return with Voit. A late entrant to the discussions after Eric Hosmer refused to waive his no-trade rights to go to Washington (leading to his subsequent trade to the Red Sox), Voit moves to both replace Bell in the Washington lineup and offset some salary. Acquired from the Yankees over the offseason, Voit has played in 82 games with San Diego. The 2020 home run champ, he hasn’t managed to replicate that kind of production over the last two seasons. He hit a slightly above-average level in the Bronx last year while battling injuries, and it’s been a fairly similar story in San Diego.

Through 344 plate appearances, Voit owns a .225/.317/.416 line with 13 homers. He’s striking out at a personal-worst 32% rate, but he’s hit for decent enough power to post overall offensive production a bit above par. He’ll presumably see the bulk of first base playing time down the stretch in the nation’s capital. Voit is arbitration-eligible through 2024, although he may be a non-tender candidate, since he’d otherwise be due a raise on this year’s $5.45MM salary.

It’s a blockbuster that’ll have reverberations around the game for years. San Diego is anticipating Soto will go down as one of the most impactful trade pickups in MLB history, and he and Bell will immediately feature in the middle of a lineup the club hopes is set to embark on a long-term playoff run. For the Nationals, it’s an emphatic closing of the book on the franchise’s previous stretch of success — one that brings in an influx of new faces Washington hopes can eventually form the core of another contender in the NL East years down the line.

Bob Nightengale of USA Today first reported the Padres and Nationals were moving close on a Soto deal. Jon Morosi of MLB.com reported the sides had agreed on a deal sending Bell and Soto to San Diego, as well as the inclusion of each of Abrams, Hassell, Wood and Susana. Jim Bowden of the Athletic reported Gore’s inclusion, while Nightengale was first to report Voit was being dealt.

Images courtesy of USA Today Sports.

Juan Soto Talks Between Padres, Nationals Reportedly Gaining Momentum

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10:33am: There’s growing momentum in talks between the Padres and Nationals, according to Mark Feinsand of MLB.com and Jim Bowden of the Athletic. No deal has yet been finalized, but Jon Heyman of the New York Post hears similarly that there’s “optimism” the Padres can pull off a deal.

7:41am: There is a “growing sense” that the Padres are the likeliest landing spot for not only Soto but also Josh Bell, tweets Barry Svrluga of the Washington Post. There’s some momentum in those talks, he adds. Similarly, the Post’s Jesse Dougherty tweets that the Nationals are beginning to narrow the field.

San Diego, of course, already has Eric Hosmer installed at first base, but they’ve been trying for more than a year to unload the remainder of that contract. Speculatively speaking, if the Nats truly want to maximize the return on Soto (and perhaps Bell), they could be the ones to absorb the remaining three years and $39MM on Hosmer’s contract themselves. The trio of Hosmer, Patrick Corbin and Stephen Strasburg would be a lot of underwater contracts for one team, of course, but the Nats have little else on the payroll in the immediate future.

7:12am: Major League Baseball’s trade deadline is now under 12 hours away, and the Juan Soto trade possibility that has captivated the entire sport and its fanbase remains unresolved. As of yesterday, the Soto auction was generally believed to be a three-team bidding war, with the Padres, Cardinals and Dodgers all reported to be heavily involved. That doesn’t preclude another team (or teams) from jumping in to make a late push, of course; it’d frankly rate as something of a surprise if that didn’t happen, in fact. Teams will miss out on other targets, priorities will pivot, and stances on “off limits” prospects will soften.

Up until this point, a sticking point for the Cardinals has been their unwillingness to include young outfielder Dylan Carlson and their very best prospects, Jon Morosi of MLB.com tweets. The 23-year-old Carlson is known be of interest to the Nats as an immediate outfield plug-in, and as a former first-round pick and top-10 overall prospect (per Baseball America), that’s not surprising — even if he’s been more of a solid regular than a star to this point in his young career. The switch-hitting Carlson is batting .260/.334/.426 dating back to last season, and he’s cut down his strikeout rate considerably this season.

Carlson can be controlled another four years beyond the current season and is capable of handling all three outfield spots. There’s perhaps a sense that given his youth and pedigree, he has another gear that he’s not yet tapped into. Further clouding the Cardinals possibility, Jon Heyman of the New York Post suggests that Washington may not be as high on lefty Matthew Liberatore as others in the industry; The Athletic’s Jim Bowden wrote something similar a couple weeks back.

Turning to the Padres, the health of one of their own top young arms, southpaw MacKenzie Gore, is a potential complication. Gore has been shut down with with an elbow strain. He’s expected to avoid surgery, but the specter of an arm injury for a potential key pitcher in the deal has surely altered the Nats’ valuation. The Padres, meanwhile, are now over the luxury-tax threshold after their stunning addition of Josh Hader yesterday. They’ve reportedly been loath to cross that line for a second consecutive season. However, USA Today’s Bob Nightengale suggests that if it means acquiring both Hader and Soto, the Padres “won’t mind blowing completely past” the tax line.

Over in Los Angeles, the Dodgers have become increasingly optimistic about their chances over the past couple days, per Jack Harris of the L.A. Times. The Dodgers’ perennially deep farm system is rife with top prospects — they have seven of Baseball America’s top 100 farmhands at the moment — and they also possess controllable young big leaguers of potential interest. Both Harris and Heyman suggest infielder Gavin Lux (four more years of team control) and righty Dustin May (nearing return from Tommy John surgery, with three more years of control) as potential targets for Washington.

As of yesterday morning, the Yankees were reported to be a “long shot,” the Rangers weren’t said to be particularly aggressive, and Mariners president Jerry Dipoto had gone on record to suggest his team is unlikely to land Soto. Adding to that list of teams that inquired but seems unlikely to be a serious player, Paul Hoynes of the Cleveland Plain Dealer reports that the Guardians looked into Soto but talks never gained traction. Washington was interested in top Cleveland pitching prospect Daniel Espino, but health was again a factor in talks, as he’s been out since April due to a knee injury.

Red Sox Notes: Deadline, Bogaerts, Devers, Bell

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“We’re trying to make the postseason,” Red Sox chief baseball officer Chaim Bloom told NESN’s Tom Caron prior to Tuesday’s game (hat tip to MassLive.com’s Christopher Smith).  This declaration, made a week prior to the trade deadline, seemingly ended some speculation that the Red Sox would look to be deadline sellers, though Bloom did couch his statement with some intriguing caveats: “So whatever that means, we’re going to explore a lot of stuff [at the trade deadline].  Some of them might be things people expect.  Some of them might not be.  But you know, we want to get this group into the postseason.”

It is worth noting that the Sox lost to the Guardians on both Tuesday and Wednesday, dropping Boston’s record to 49-50 for the season.  With a 7-19 mark over their last 26 games, the Red Sox have gone from leading the wild card race to four games out of a wild card slot altogether, and in last place in the competitive AL East.

If Boston can’t string some wins together quickly, it is possible the Sox could turn into more full-fledged sell mode by the August 2 deadline.  However, Bloom’s comments seem to hint that the team could try to thread the needle and both buy and sell at the same time — perhaps moving some pending free agents, but adding longer-term pieces that could also still provide some immediate help.

Beyond Bloom’s public comments, The Boston Globe’s Alex Speier writes that when it comes to deadline plans, “typical responses from those inside and outside the organization have ranged from ’it’s all in play’ to ’maybe both’ to objections to the buy/sell dichotomy to shrugs of uncertainty.”  Despite all of these options, a truly big shakeup doesn’t appear to be in order, as both Bloom and (in an interview on WEEI’s The Greg Hill Show) team president/CEO Sam Kennedy each ruled out the possibility of Xander Bogaerts or Rafael Devers being dealt.

“There’s been no discussions or commentary internally or externally about moves related to the trade deadline involving Xander, Raffy, or anyone else to my knowledge.  At this point, we’re focused on getting back in this thing and winning,” Kennedy said.  Not only have talks about the two All-Stars not taken place, “we don’t plan to” hold such talks, Bloom added.

Bogaerts can opt out of his contract following the season, and ever since Boston signed Trevor Story to a free agent deal, there has been widespread feeling that Bogaerts will be playing elsewhere in 2023.  Extension talks with both Bogaerts and Devers prior to the season didn’t result in any progress, which then led to increased speculation about Devers also perhaps leaving in free agency following the 2023 campaign.

If a teardown isn’t in order, and standing pat doesn’t appear to be an option for a team with clear roster needs, it then becomes a question of what types of upgrades the Red Sox will pursue by August 2.  One obvious name on paper doesn’t appear to be a priority, as NBC Sports Boston’s John Tomase reports that the Sox have had only “cursory interest” in Nationals first baseman Josh Bell.  While the Sox have had some talks about Bell, “their interest was described more as kicking the tires.”

First base has been a weak link for the Red Sox all year long, and since Bell is perhaps the likeliest player to be moved prior to the deadline, the two sides seemed like a logical match.  Bell would be a pure rental, as the slugger is set for free agency after the year, and the Nats would be in line to recoup a compensatory pick if Bell left given that the qualifying offer system will again be in place for the 2022-23 offseason.

Anything the Sox or other teams offer the Nationals for Bell, therefore, would have to top the value of that compensatory pick for Washington to go ahead with a deal.  For a team like the Red Sox that is perhaps on the fringes of contending, that could be too much of a price to pay, whereas other known Bell suitors like the Astros, Mets, or Brewers could be more amenable since Bell would increase their chances of winning a championship.

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