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8 Post-Tommy John Pitchers Who’ll Impact Next Year’s Market

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We’ve grown accustomed to seeing headline after headline indicating that a pitcher is slated to undergo Tommy John surgery in today’s game. The procedure has become so commonplace, in fact, that it’s no longer surprising to see teams guarantee multi-year deals to rehabbing pitchers who’ll be sidelined for a full season of that contract as they work back from the injury. Such deals have produced varying levels of success in the past. Nathan Eovaldi’s two-year deal with the Rays worked out great; Drew Smyly didn’t pitch for the Cubs and posted a 6.24 after being traded to the Rangers.

Heading into the 2022 season, there are a handful of notable pitchers who were either signed under just that circumstance or are now playing for a contract on the heels of a Tommy John surgery that, hopefully, is more or less in the rearview mirror. A strong rebound will position any of this bunch either as a prominent member of next winter’s free-agent crop or, in some cases, to have a lucrative 2023 club option picked up. Here’s a look at a handful of Tommy John recoveries that could have a notable impact on next year’s market.

Starting Pitchers

Mike Clevinger: A marquee addition by the Padres at the 2020 trade deadline, Clevinger made only four regular-season starts and a one-inning postseason cameo before requiring Tommy John surgery in the 2020-21 offseason. San Diego, knowing he’d miss the entire 2021 season, signed him to a two-year, $11.5MM deal that paid him $2MM during his rehab season but will more heavily compensate him in 2022, now that he’s expected to be back to full strength. It was the second Tommy John procedure of Clevinger’s career, as he also had the surgery as a minor leaguer back in 2012.

There’s little questioning Clevinger’s talent, as the now-31-year-old righty was one of the most effective starters in all of baseball from 2017 until the time of his injury in 2020. In 489 1/3 innings over that stretch, Clevinger posted a 2.96 ERA while punching out 28% of his opponents against a 9% walk rate. Among big league pitchers with at least 400 innings thrown during that time, Clevinger ranked seventh in ERA and 14th in FIP (3.39). That said, he’s also only reached 130 innings in a big league season on one occasion, when he threw an even 200 frames in 2019.

That relatively limited workload, coupled with this being Clevinger’s second Tommy John procedure, will surely impact his free agency next winter to an extent. That said, a strong and healthy season out of the righty will still position him as one of the top arms on next winter’s market. Clevinger, teammate Joe Musgrove, Sean Manaea and Noah Syndergaard are among the more prominent free agents still in their early 30s next winter (to say nothing of older veterans with contract options or opt-outs, such as Jacob deGrom, Justin Verlander and Charlie Morton).

James Paxton: Paxton isn’t necessarily playing for a free-agent contract. He signed a complicated multi-year deal with the Red Sox that’ll pay him $6MM in 2022 before he can either trigger a $4MM player option or the team can exercise a pair of $13MM club options for the 2023-24 seasons. For luxury-tax purposes, that should be considered a two-year, $10MM deal, as the player option for 2023 is considered to be guaranteed money. Of course, there’s also the possibility that with a healthy season, the contract will effectively balloon to a contract that pays Paxton $32MM over a three-year term. The deal contains further incentives, as Paxton could boost those 2023-24 salaries by $250K apiece for reaching 12, 14, 16 and 18 starts.

It’s a heavily incentive-laden deal that speaks both to the considerable risk in signing Paxton and the considerable upside he’ll bring to Boston. A healthy Paxton is a high-quality big league starter, evidenced the career 3.50 ERA he carried into an injury-ruined 2020 season with the Yankees. Among the 149 big league starters to toss at least 200 innings from 2017-19, Paxton’s 30.1% strikeout rate ranked seventh, and his 7.3% walk rate was markedly better than league average. His 22.7 K-BB% was among the best in the game, as were his strong ratings in the eyes of fielding-independent metrics like FIP (3.26) and SIERA (3.45).

Since that 2019 season, however, Paxton has undergone back surgery, missed significant time with a forearm strain and eventually undergone Tommy John surgery. Earlier in his career, he’d dealt with lat, forearm and pectoral injuries, among a litany of smaller-scale issues.

There’s probably a scenario where Paxton pitches well enough to turn down his $4MM player option even if the Red Sox decline the effective two-year, $26MM option they hold over him. (We saw a comparable situation play out with Yusei Kikuchi earlier in the winter.) That said, the ideal scenario for Paxton and the Sox is that he pitches well enough to reestablish himself as a quality MLB hurler and boost those two club options to $14MM apiece in total value in the process.

Paxton underwent his Tommy John procedure in late April, so he’s not likely to be ready to help the Red Sox at the beginning of the season. By late May or June, however, he could represent a boost to a rotation that is not exactly shy of other injury concerns.

Justin Verlander: Even though he hasn’t pitched since undergoing Tommy John surgery, Verlander still got a hefty $25MM guarantee from the Astros — plus a conditional $25MM player option that kicks in if he reaches 130 innings pitched. The two-time Cy Young winner and former AL MVP has a track record that speaks for itself; when we last saw Verlander in a full, healthy season, he was edging then-teammate Gerrit Cole for the 2019 AL Cy Young Award.

Verlander has said in the past that he hopes to pitch into his 40s, and he has a good chance at doing so if he can bounce back this coming season. He’ll turn 39 later this week, and if he goes out and looks anything like he did from 2015-20 — 1010 innings, 2.94 ERA, 29.7% strikeout rate, 6% walk rate — Verlander will likely turn down that $25MM option, or at least leverage it into a new multi-year arrangement with the ’Stros. He was just promised a $25MM guarantee despite having thrown only six innings since Opening Day 2020, so there’s little reason to accept that he’d take a year and $25MM on the heels of a healthy return effort at Minute Maid Park.

Noah Syndergaard: Perhaps it’s not quite fair to label Syndergaard as a Tommy John rehabber; after all, he did make it back to the mound with the Mets late in the 2021 season — albeit for only two innings. That said, this is Thor’s first full season back from that ligament replacement procedure, and he’ll be pitching for a big contract next winter from the moment he suits up in Orange County. Signed by the Angels to a one-year, $21MM contract, Syndergaard will be pitching with a team other than the Mets for the first time in his big league career.

It’s a hefty price to pay, particularly considering the fact that Syndergaard had rejected an $18.4MM qualifying offer, but his career to date is all the evidence needed to suggest that at his best, Syndergaard is plenty worth that gamble. He’s never walked more than 6.1% of his opponents in a given season and has never failed to strike out a batter per inning. Few pitchers can match Syndergaard’s blend of pure velocity, missed bats and impeccable command, and he manages all that while still turning in a ground-ball rate that’s well higher than the league average.

Syndergaard has always felt like he’s one step away from solidifying himself as a bona fide ace, and as Robbie Ray showed in winning the AL Cy Young Award this season, one dominant season for a player with this type of track record can result in a nine-figure payday if things break right. The market has already proven to value Syndergaard at more than $20MM per year, and given that he’d be 30 years old in 2023, it’s not hyperbole to suggest that he’s pitching for a $100MM contract this season.

Luis Severino: As with Syndergaard, Severino may not quite fit the criteria for this list. The 27-year-old (28 later this week, on the same day Verlander turns 39) returned to give the Yankees six innings out of the bullpen late in the 2021 season, and his protracted absence from the team’s pitching staff cannot be solely attributed to Tommy John surgery. Severino has also battled groin, shoulder and lat injuries along the way. That said, Severino really hasn’t pitched since undergoing Tommy John surgery in Feb. 2020, and it’s that operation that is the primary reason for his absence over the past two seasons.

Severino isn’t yet slated to hit the open market at season’s end — at least not before the Yankees make a call on a $15MM club option or a $2.75MM buyout. The resulting $12.25MM net decision would be a straightforward one for general manager Brian Cashman if Severino at all looks like his former self. From 2017-18, Severino gave the Yankees 384 2/3 innings of 3.18 ERA ball with outstanding strikeout and walk rates, prompting the team to sign him to a four-year contract extension that promised him $40MM.

That deal looked like a bargain for the team at the time but has since gone south, due largely to repeated injury woes. Severino made a combined 63 regular-season starts for the Yankees in 2017-18, looking every bit like a foundational piece to the pitching staff, but he’s combined for just 25 starts and another 18 relief appearances in the five seasons surrounding that brilliant run.

With a big season in 2022, Severino could still see that $15MM option picked up, and if he can remain healthy into 2023, he’d hit the open market heading into his age-30 season. There’s a long way to go before that scenario becomes reality, however.

Relievers

Tommy Kahnle: Signed by the Dodgers to a two-year, $4.75MM contract last offseason, Kahnle was never expected to contribute in 2021 — hence the backloaded nature of his contract, which will pay him $3.45MM in 2022. The hard-throwing righty only managed one inning for the 2020 Yankees, meaning this coming season will be the first since 2019 in which he’ll potentially pitch anything resembling a full workload.

The 32-year-old Kahnle has been inconsistent but has dominated more often than he’s struggled. From 2016-20, he logged a combined 3.48 ERA, 32.9% strikeout rate and 9.9% walk rate while averaging 97.1 mph on his heater. That includes a disastrous but also fluky-looking 2018 campaign in which he was tattooed for a 6.56 ERA in 23 1/3 frames. From 2016-20, Kahnle’s 32.9% strikeout rate ranks 17th among the 155 relievers to have thrown at least 150 innings, while his 15.9% swinging-strike rate is tied for sixth.

Kahnle’s Tommy John surgery came way back on Aug. 5, 2020, so there should be no restrictions on him by the time the season gets underway. He’ll be heading into his age-33 season next winter, and a return to his vintage form should position him as one of the top relievers on a free-agent market that is lacking in big-name right-handed relievers.

Ken Giles: Like Kahnle, Giles was signed by the Mariners — two years, $7MM — knowing full well that he would not pitch in 2021. Unlike Kahnle, his contract includes a club option for the 2023 season, which is valued at $9.5MM (with a $500K buyout).

Many of the same superlatives that apply to Kahnle apply even more so to Giles. His 18% swinging-strike rate, for instance, tops Kahnle and sits third among the 155 relievers who totaled at least 150 frames from 2016-20. His 3.33 ERA in that time is a bit more toward the middle of the pack, but Giles misses bats, induces chases outside the zone and throws as hard as nearly any reliever in the sport. He’s had a pair of 4.00-something ERAs sprinkled in amid a series of pristine marks throughout his big league career. Those two blemishes have coincided with spikes in his average on balls in play and dips in his strand rate.

On the whole, Giles is a power arm who can pile up strikeouts in droves. He’s a sometimes forgotten piece of the puzzle when looking at the 2022 Mariners and their hopes of contending, but he’ll join a deep bullpen mix that also features Diego Castillo, 2021 breakout closer Paul Sewald, former Marlins stopped Drew Steckenrider (who enjoyed a tremendous rebound in 2021) and the underappreciated Casey Sadler, who notched a 0.67 ERA in 40 1/3 innings last year.

A healthy Giles would very likely see that $9.5MM club option for the 2023 season picked up, and at his best, he’s a bargain at that price. If Giles is pitching well but things go south for the Mariners, teams will come calling at the trade deadline. Of course, the Mariners are hoping to be squarely in the postseason mix, and they’re likely not done with their offseason shopping just yet.

Jose Leclerc: Armed with a fastball in the mid to upper 90s, Leclerc’s ability to return to form (or his lack thereof) will have major implications for the Rangers moving forward. His four-year, $14.75MM contract extension includes a $6MM club option for the 2023 season and a $6.25MM option for the 2024 season. A rebound effort makes that 2023 option a no-brainer for the Rangers to pick up as they hope to ride a hyper-aggressive offseason into their next competitive window.

Leclerc, 28, has fanned just shy of a third of the hitters he’s faced so far in his big league career and has only allowed a dozen homers in 189 Major League innings (0.57 HR/9). His 14.9% walk rate is far too high, but he looked to be making considerable strides in that department in 2019 when he posted a sub-2.00 ERA, a 38.1% strikeout rate and an 11.2% walk rate. He’ll be a highly intriguing lottery ticket on next year’s market if he pitches poorly enough that the Rangers buy that option out (or if they do so on the heels of another injury). If he rebounds, he’ll be a bargain piece of an on-the-rise Rangers club in 2023-24.

Justin Verlander’s 2023 Player Option Reportedly Conditional On Reaching Innings Threshold

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Justin Verlander’s deal to return to the Astros became official this week. The contract guarantees him a $25MM salary in 2022 and reportedly contains a matching $25MM player option for the 2023 season. However, the Associated Press reports that Verlander’s option is conditional on him reaching 130 innings pitched next season.

Verlander should have a strong chance of reaching that tally. He’s no doubt locked into the Astros’ rotation, and he eclipsed 130 frames every year between 2006-19. The workhorse shattered that mark in every year other than 2015, surpassing 200 frames on twelve separate occasions. So long as he remains healthy, Verlander shouldn’t have any problem getting to 130 innings and at least giving himself the option of picking up some extra financial security.

That health caveat is an important one for any pitcher, though, and that’s particularly true in Verlander’s case. He’s thrown just six innings over the past two seasons on account of a 2020 elbow injury that necessitated Tommy John surgery. Verlander’s expected to be at full strength to start next year, and the Houston front office was clearly confident enough in his health to put a $25MM salary on the table. Yet requiring an innings threshold to vest the 2023 player option affords the team some cover in case the 38-year-old Verlander (39 in February) suffers another injury next season.

The terms of Verlander’s deal were reportedly agreed upon in mid-November, but the signing wasn’t finalized until this week. Some observers may have wondered whether concerns about Verlander’s surgically-repaired elbow could’ve been the cause for the delay, but that doesn’t appear to be the case. Buster Olney of ESPN wrote this week that the lag between the reported agreement and the finalization of the deal was due to some sort of administrative hold-up on the part of Major League Baseball.

Justin Verlander’s Deal With Astros Made Official

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Last month, the Astros came to an agreement with Justin Verlander to bring back the eight-time All-Star. While the agreement and terms were reported in mid-November, the deal was somewhat curiously not made official prior to the December 2 lockout.

That’s no longer an issue, as Buster Olney of ESPN reports (on Twitter) that Major League Baseball has formally approved the agreement. Jon Heyman of the MLB Network adds that the contract was submitted to MLB on December 1, in the waning hours before the expiration of the 2016-21 collective bargaining agreement. Because it was submitted for approval before the lockout, MLB and the MLB Players Association have approved the deal even during the ongoing freeze of 40-man roster transactions.

It’s still not precisely clear what caused the atypically long hold-up, although Ken Rosenthal of the Athletic tweets that the now-resolved issue had to do with some “language in the contract.” That’s essentially a moot point now, as Verlander is again officially a member of the Astros. The originally-reported contract terms (a two-year, $50MM guarantee with an opt-out provision after the first season) remain in effect, tweets Heyman.

Verlander has only made one start over the past two seasons on account of Tommy John surgery. When last healthy, the former AL MVP posted one of the strongest seasons of his illustrious career. Over 223 innings in 2019, Verlander pitched to a 2.58 ERA/2.95 SIERA en route to his second career Cy Young award. The Astros are placing a sizable bet he’ll return to that star form coming off surgery and turning 39 years old in February. Of course, the Houston front office has kept a keen eye on Verlander’s recovery process throughout the past 14 months.

The Astros entered the lockout with an open spot on the 40-man roster, perhaps in anticipation of this exact scenario. No corresponding move will need to be made.

Astros’ Deal With Justin Verlander Not Yet Official

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As of last night, the Collective Bargaining Agreement between MLB and the MLBPA has expired and the league is officially in a lockout, meaning that no transactions will be permitted until a new CBA is ratified. This outcome had been widely anticipated throughout the industry, which is why there has been such a frenzy of deals in recent weeks, as many teams and players tried to cram in some of their offseason business before the lockout arrived.

One such deal that was reported a couple weeks ago was the Astros agreeing to re-sign Justin Verlander to a $50MM guarantee over two years, with an opt-out after 2022. However, Jon Heyman of MLB Network notes that the deal has not yet been announced and doesn’t seem to be official. Furthermore, the official MLB page for Houston’s 40-man roster doesn’t list Verlander’s name, nor does the signing appear on Verlander’s transaction tracker.

At this point, it’s unclear why the deal was not officially inked before the CBA expired and there’s no reason to suspect that it’s in any sort of jeopardy. However, it is at least noteworthy that it will apparently remain in a state of limbo as long as the lockout continues.

Verlander’s last full season was 2019, where he threw 223 innings, racking up 300 strikeouts with an ERA of 2.58, winning the AL Cy Young that year. However, Tommy John surgery put a halt to his 2020 after throwing just 6 innings and caused him to miss the 2021 season entirely. Shortly after the end of the season, the 38-year-old held a showcase to demonstrate that he was back to full strength and seemed to have succeeded in that regard, garnering robust interest in his services. About a week later, the reports of the deal with Houston emerged.

Latest On Red Sox Pitching Targets

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The Red Sox are known to be looking for rotation help this winter, and the club has “had varying degrees of contact with virtually all of the top starters on the market,” The Boston Globe’s Alex Speier writes.  This includes reigning AL Cy Young Award winner Robbie Ray, who hadn’t previously been linked to the Sox on the rumor mill, though it naturally stands to reason that the Red Sox would have interest in such a prominent arm.

Given the wide net the Sox are casting in their pitching search, it isn’t known if Ray is necessarily at the top of Boston’s list of potential targets.  Signing Ray would come at a double cost — one of the biggest contracts given to any free agent this offseason, as well as a penalty of $500K reduction from Boston’s international draft pool and a second-round draft pick, since Ray rejected the Blue Jays’ qualifying offer.

The Red Sox might be willing to accept those penalties to sign a top-tier starter like Ray, however, as Speier notes that the team also had interest in another QO free agent in Justin Verlander.  “Talks never advanced” too far between the two sides before Verlander agreed to return to Houston on a two-year, $50MM pact, but if the Red Sox were open to surrendering a pick for a shorter-term addition like Verlander, it would stand to reason that they’d also be open to giving up a pick to add Ray on a longer-term commitment.  It should be noted that the Sox have some extra draft capital to work with next summer, as since Eduardo Rodriguez rejected Boston’s qualifying offer and then agreed to a deal with the Tigers, the Red Sox will receive an extra selection between Competitive Balance Round B and the start of the third round.

As for other now-signed free agent hurlers, Speier writes that the Red Sox were one of the teams bidding on Andrew Heaney, and the left-hander was given a one-year offer “competitive with the $8.5MM he signed for with the Dodgers.”  Speier also notes that the Red Sox didn’t have interest in Noah Syndergaard, which runs contrary to a report from The New York Post’s Joel Sherman earlier this week that suggested Boston made an “aggressive” offer to Syndergaard before the righty signed with the Angels.

Steven Matz is a pitcher known to be of interest to the Red Sox, and it is possible Matz might decide on his next team relatively quickly.  According to Speier, Matz would prefer to have an agreement in place prior to the expiration of the Collective Bargaining Agreement on December 1, and the signing freeze that would come with a potential lockout on December 2.  Matz is hoping to get a deal done by Thanksgiving, and given the number of teams already known to have checked in on the southpaw, it certainly seems plausible that a deal could be reached this week.  Besides the Red Sox, Matz has been linked to the Dodgers, Cardinals, and Angels, plus the Blue Jays have continued to explore re-signing Matz for a longer term in Toronto.

Yankees Reportedly Offered Verlander One-Year, $25MM Deal

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Before he signed a two-year, $50MM deal to return to the Astros, the Yankees made a decent push to sign veteran righty Justin Verlander. The Yankees offered Verlander $25MM for 2022, but they did not offer a second season, per Jon Heyman of the MLB Network (via Twitter). Verlander ultimately got $25MM a year for two years with an opt-out from the Astros.

Though Verlander has made just one start in the past two seasons, the 8-time All-Star won the American League Cy Young award the last time he was healthy for a full season, leading the Astros to an American League pennant. $25MM is no paltry sum, but as a one-year deal, signing Verlander would have been a relatively low-risk move for New York.

Without Verlander, the Yankees are still on the lookout for more rotation help. As of now, their rotation consists of Gerrit Cole, Jordan Montgomery, and a host of less certain options. Luis Severino should be a solid third arm if he’s able to stay healthy, and Nestor Cortes Jr. put together a pretty convincing run at the end of the 2021 season. Domingo German and Jameson Taillon are veterans with question marks who are capable of adding value from the rotation – though you might not be totally comfortable banking on a full season from either.

Meanwhile, the Yanks will again hope that their younger arms are able to establish themselves as contributors. Deivi Garcia, Luis Gil, Clarke Schmidt, Luis Medina, and Michael King are all on the 40-man roster and could compete for bulk innings roles. Garcia is the most popular name in that bunch after a heartening six starts in 2020, he took a step back last year, pitching to a 6.48 ERA/4.85 FIP across 90 2/3 innings in Triple-A while making just two starts in the Majors.

Astros To Re-Sign Justin Verlander

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The Astros have kicked off their offseason with a bold strike, agreeing to re-sign ace Justin Verlander. It’s reportedly a two-year, $50MM guarantee that contains even $25MM salaries over the next two seasons and allows Verlander to opt out after 2022.

The sides came to terms less than an hour after the ISE Baseball client had rejected the team’s one-year, $18.4MM qualifying offer. That proved to be a wise decision, as Verlander will handily top that salary next season and pick up some financial security in the form of his 2023 player option.

Verlander has only made one appearance in the past two years because of an elbow injury that required a September 2020 Tommy John surgery. When last we saw him at full strength, the 2011 AL MVP was as good as ever. He tossed 223 innings of 2.58 ERA ball in 2019, winning his second career Cy Young award and helping lead Houston to a pennant.

That kind of top-of-the-rotation production is nothing new for Verlander, an eight-time All-Star and future Hall of Famer. He’d posted a 2.52 ERA across 214 frames the year prior, and he has an incredible nine seasons of 200+ innings with an ERA below 3.50 on his resume. Simply put, few pitchers can match the combination of workload and productivity Verlander has put together year in and year out for the bulk of his career.

Of course, there’s real risk Verlander doesn’t regain his peak form coming off two lost seasons. He’ll turn 39 years old in February, so there’d be fairly significant downside even if he weren’t coming off a major arm procedure. The ceiling when investing in a player of this caliber is immense, though, a fact that’s reflected in the seemingly robust interest he generated during his brief stay on the open market. Not only were a few of the game’s top spenders rumored to be involved, Verlander’s deal fairly handily tops the two-year, $40MM figure MLBTR projected entering the offseason — particularly once one factors in the player-friendly opt-out provision.

The Astros determined that to be a risk worth taking, a justifiable stance given that they’re squarely amidst a win-now window. Even facing Verlander’s potential departure, starting pitching wasn’t exactly a need. Despite Verlander missing all of 2021, the Astros’ starting staff ranked fifth in ERA (3.60), albeit with middle-of-the-road strikeout and walk numbers. Zack Greinke looks likely to sign elsewhere this offseason, and the team could look into trades involving Jake Odorizzi. Even still, Houston would bring back Lance McCullers Jr., Framber Valdez, Luis García, José Urquidy and Cristian Javier — one of the stronger rotation cores around the league.

A healthy Verlander is the kind of player teams will find room for even in the absence of an ostensible positional need though. Not only should he help the team manage the workloads of the younger arms, the front office is no doubt envisioning the possibility of rolling him back out as a Game One playoff starter. They’re as familiar as anyone regarding Verlander’s recovery process, current form, and work habits. They clearly feel strongly about his ability to bounce back.

In doing so, the Astros will indirectly forfeit a draft pick. While they won’t be stripped of a pick for signing one of their incumbent free agents, they’ll lose the right to collect a compensatory pick in the 70-75 overall range — which they would’ve received had Verlander signed elsewhere after rejecting Houston’s qualifying offer. That’s a small price to pay, even for a team whose farm system has been hit hard by the punishment from the 2017 sign-stealing scandal, given their current competitive window.

The Astros would stand to add a compensation pick in the event Carlos Correa departs. Like Verlander, Correa also rejected a QO, and the star shortstop is in position for a mega-deal as the top player on the market. The Astros’ previous efforts to re-sign Correa haven’t come particularly close to getting anything done, and Verlander’s return would seem to make the chances of Correa coming back even more remote.

Houston’s 2022 commitments now sit around $162MM, in the estimation of Jason Martinez of Roster Resource. That’s after accounting for estimated salaries for arbitration-eligible players but before considering the possibility of a Correa contract. Signing Correa would no doubt push the 2022 tab well above this past season’s $188MM franchise-record player expenditure (via Cot’s Baseball Contracts). Houston was prepared to enter the 2020 season with a payroll above $200MM before the pandemic necessitated a shortened season with prorated salaries. If owner Jim Crane is willing to go to that level again, then there might be room in the budget for a more earnest Correa pursuit, but it remains to be seen if that kind of spending is on the table.

Regardless of where the Astros go from here, re-signing Verlander serves as a reminder that Correa’s free agency doesn’t mark the end of the club’s competitive window. In addition to a rotation that has as much upside as any in the league, the Astros will roll into 2022 with a lineup that includes Alex Bregman, José Altuve, Yordan Álvarez, Yuli Gurriel, Michael Brantley and Kyle Tucker. They’ll look to hold off the Mariners, Angels and Rangers — all of whom have already been or are expected to be very aggressive this offseason — at the top of the AL West. The A’s look likelier to go in the opposite direction, but Oakland’s current core has been strong enough to compete over the past couple seasons, and it remains to be seen whether they’ll tear the roster down to its studs. All in all, it should be one of the game’s more entertaining and competitive divisions in 2022.

The Verlander signing also paints a picture of what has been a strong rotation market in the early going. The Angels took a similar short-term, high-salary upside flier on Noah Syndergaard yesterday — one day after the Tigers went to five years with an opt-out to land Eduardo Rodríguez. Teams like the Angels, Braves, Blue Jays, Yankees, Red Sox and White Sox were all linked to Verlander in recent days, and it stands to reason those clubs remain motivated to add rotation upside via free agency or trade. Max Scherzer, Kevin Gausman, Robbie Ray, Marcus Stroman and Carlos Rodón are among the numerous starting pitchers still on the free agent market who have recently posted top-of-the-rotation type of production.

Ben Verlander of Fox Sports first reported Justin Verlander’s agreement with the Astros. Mark Berman of Fox 26 reported that Verlander’s 2022 salary would be $25MM and reported the presence of the 2023 player option. Jon Heyman of the MLB Network reported that the option was also valued at $25MM.

Image courtesy of USA Today Sports.

Final Qualifying Offer Decisions

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Giants first baseman Brandon Belt was the only one of the fourteen players tagged with the one-year, $18.4MM qualifying offer this offseason to accept the deal, reports Mark Feinsand of MLB.com (Twitter link). That means players like Justin Verlander, Freddie Freeman and Robbie Ray have all declined the offers, as had been anticipated.

Verlander was the only one of the aforementioned trio who ever looked like a realistic possibility to accept the QO, as he’s coming off a season lost to Tommy John surgery recovery and turns 39 years old in February. Astros owner Jim Crane told reporters last month that Verlander was looking for a contract “of some length,” though. He and his representatives found that multi-year pact on the open market, as Verlander quickly re-signed with Houston on a two-year guarantee with an opt-out possibility after 2022.

Freeman and Ray, meanwhile, made the very easy call to turn the QO. They’re among the top handful of players in this year’s class, with each likely to land a five or six-year deal that pushes well north of $100MM. There was no incentive for either player to entertain the possibility of taking a QO, since declining has no impact on their ability to continue to negotiate a longer-term arrangement with their incumbent clubs, as Verlander did with the Astros.

Here’s a full rundown of the players who rejected the qualifying offer (all other decisions had been previously reported):

Latest On Justin Verlander’s Market

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1:47pm: The White Sox are also showing “strong” interest in Verlander, tweets USA Today’s Bob Nightengale. They’re planning an “aggressive” offseason, per Nightengale, and hoping to kick things off with a successful courtship of Verlander. Of course, the South Siders’ spring facility is in Arizona, which isn’t ideal based on Verlander’s reported preferences, but that certainly doesn’t rule them out of the bidding entirely.

12:58pm: Verlander has both multi-year and one-year offers in hand, per MLB Network’s Jon Heyman (Twitter link), adding that the right-hander could make a final decision as soon as this week.

11:47am: The Braves are also among the teams with interest in Verlander, tweets David O’Brien of The Athletic. Atlanta would align well with Verlander’s reported preference for an East Coast club with Spring Training in Florida, and their status as reigning World Series champions obviously helps when pursuing any older veteran prioritizing a contender. Of course, all those players inked sizable one-year deals, whereas Verlander may be seeking multiple guaranteed seasons.

The Braves had had few qualms about signing short-term veterans of this nature under under president of baseball operations Alex Anthopoulos — evidenced by recent short-term pickups of Cole Hamels, Charlie Morton and Josh Donaldson.

10:46am: Justin Verlander has until 5pm ET today to accept or reject a one-year, $18.4MM qualifying offer (as do all other free agents who received a QO), but the widespread expectation is that he’ll reject and fully explore his options. That’s due in part to Astros owner Jim Crane saying last month that Verlander will be looking for a “contract of some length” in free agency, but it’s also due to what’s reported to be strong early interest in the future Hall of Famer.

Verlander held a showcase for teams earlier this month — a step that would seem unlikely were he simply planning to accept the Astros’ QO — and his reps at ISE Baseball have had the past 10 days to gauge interest from other clubs. Ken Rosenthal suggested on MLB Network this morning (video link) that early indications are Verlander would prefer to sign with a club that holds Spring Training in Florida, which meshes with Joel Sherman of the New York Post reporting that several interested teams believe Verlander prefers to play with an East Coast club.

Notably, Sherman adds that both the Red Sox and Blue Jays — each of whom hold Spring Training in Florida — made “aggressive” offers to another high-upside, short-term pitcher coming off Tommy John surgery: Noah Syndergaard. Peter Gammons tweeted yesterday that Syndergaard had multiple offers at or near the $21MM price point for which he agreed to join the Angels, including one approaching $25MM in value. It’s not expressly clear that the Jays or Red Sox offered $21MM+ for Syndergaard, but it’s notable that both teams were aggressive on a fellow Tommy John reclamation play.

Verlander has drawn interest from both Toronto and Boston, per Sherman, who adds that the Yankees seem fairly serious with their interest in the 39-year-old. Verlander, somewhat notably, held his recent showcase at Cressey Sports Performance — the Florida-based training facility operated by Yankees director of player health and performance Eric Cressey. Corey Kluber did the same last offseason before ultimately agreeing to a deal with the Yankees. As noted at the time of the showcase, the location of Verlander’s audition alone doesn’t tip the scale in the Yankees’ favor, but it shouldn’t be completely overlooked, either.

Geographical preference notwithstanding, the best offer is likely to win the bidding for Verlander at the end of the day. It’s unlikely he’d leave an extra year or tens of millions of dollars on the table to spurn a West Coast team to sign in New York, Boston or Toronto. Factors like geography, Spring Training locale and familiarity with teammates (e.g. Gerrit Cole in the Bronx, George Springer in Toronto) are often, albeit not always, more tiebreakers when weighing comparable offers.

Tigers fans, of course, undoubtedly would love to see a reunion in Detroit and are surely heartened to see Verlander’s preference for Florida-based Spring Training outfits. However, Rosenthal also suggests that the Tigers may not be “in as heavily” as other interested clubs.

Angels Reportedly Focused On Short-Term Rotation Additions

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After agreeing to terms on a one-year contract with Noah Syndergaard earlier today, the Angels are still in the market for rotation upgrades but are focused on impact arms available on short-term deals, per MLB Network’s Jon Heyman (Twitter link). Heyman suggests Justin Verlander as a potential match in that regard, and the Halos were in attendance at Verlander’s recent showcase.

That said, it’s not clear whether Verlander would be amenable to a one-year pact. Astros owner Jim Crane said last month that he expected Verlander to pursue a contract “of some length,” suggesting at least a two-year deal with those comments. A two-year deal for a pitcher of Verlander’s caliber doesn’t seem outlandish, even with the future Hall of Famer’s lengthy layoff due to 2020 Tommy John surgery. Verlander received an $18.4MM qualifying offer from Houston last week and is widely expected to turn it down.

Any multi-year pact at all would require a philosophical change for an Angels team that hasn’t signed a free-agent starter to a multi-year deal since then-GM Jerry Dipoto (now the Mariners’ president of baseball operations) inked Joe Blanton to a modest two-year contract. The only multi-year deals the Angels have given to any pitchers since that time have come in the form of a two-year extension for closer Huston Street in 2015 and a two-year deal that bought out Shohei Ohtani’s first two arbitration seasons. Prior to this morning’s agreement with Syndergaard, the last time the Angels had spent even $20MM to sign or extend a pitcher came in Dec. 2011 when they signed C.J. Wilson to a five-year pact.

The Angels have now cycled though several different general managers in that time. Dipoto resigned in 2015 following a highly publicized spat with former Halos skipper Mike Scioscia and was replaced by veteran executive Bill Stoneman on an interim basis. Billy Eppler ran baseball operations for the next half decade in Anaheim, and he was replaced last offseason by Perry Minasian — now in his second offseason as general manager.

It’s unlikely that all of those baseball ops leaders were staunchly against multi-year pacts for free agents — particularly not when rotation needs were often so obvious. The common thread throughout the aversion to pitching commitments of any length is owner Arte Moreno, who has shown a clear willingness to spend heavily on bats (e.g. Anthony Rendon, Mike Trout, Albert Pujols, Justin Upton) but not on arms.

Only time will tell whether Minasian will be given the latitude to issue a multi-year deal of even minor note, but this morning’s deal with Syndergaard seemed straight out of the playbook from prior offseasons: a one-year deal of note for a pitcher with a strong track record and/or a fair bit of upside. That’s the same formula that led to signings of Matt Harvey, Julio Teheran, Jose Quintana and Trevor Cahill, though the Halos will surely hope for better results from their sizable investment in Syndergaard.

If the ostensible insistence on one-year arrangements for starters continues, there are certainly some notable names on the open market who could potentially be had at that term (e.g. Zack Greinke, Danny Duffy, Johnny Cueto, Rich Hill). However, a strong ownership preference for short-term deals could also conceivably push Minasian to the trade market, where the Reds, Marlins and division-rival Athletics ought to all have notable arms on which they’re willing to listen.

After signing Syndergaard, the Angels owe $129.95MM in guaranteed contracts to six players. Add in a modest arbitration class and pre-arbitration players to round out the roster, and they’re projected for around $150MM in 2022 payroll, per Roster Resource’s Jason Martinez. There’s plenty of space between that sum and last year’s franchise-record $182MM Opening Day payroll — which Moreno could well be comfortable raising. But for Angels fans hoping to see a match with Robbie Ray, Marcus Stroman or Kevin Gausman, reports of a continued fixation on short-term deals don’t bode especially well.

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