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Lucas Giolito

The Best Fits For Lucas Giolito

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Yesterday’s biggest development was the number of players reportedly on the waiver wire. The Angels, White Sox, Yankees, Mets and Tigers each put impending free agents on irrevocable waivers.

Those clubs are out of contention. The hope is that another team with a path to the playoffs will take what remains of this year’s contract off their hands. It’s particularly meaningful in the Angels’ case, as shedding enough veterans could allow them to limbo back under the luxury tax threshold after their deadline push fell flat.

No other player known to be on waivers has the upside of Lucas Giolito. The right-hander has had a tough time in Orange County, allowing a 6.89 ERA over six starts. Giolito has been the victim of a home run barrage in Southern California, allowing multiple longballs in three of those appearances. Clearly, the past month hasn’t gone as he or the team had envisioned. Yet we’re only four weeks removed from Giolito and reliever Reynaldo López (also now on waivers) fetching two of the Halos’ top prospects in trade. Now, another team could have him for nothing more than the approximate $1.9MM remaining on his arbitration contract.

Giolito isn’t the only starter out there, but he’s by far the most appealing (at least among the players publicly reported to be on waivers). The Mets made Carlos Carrasco available. He has a 6.80 ERA through 20 starts on the season, though. He hasn’t shown much sign of recent progress, allowing 35 runs and a staggering .404/.450/.654 opponents’ batting line in 29 innings since the All-Star Break. It’s hard to imagine him as an upgrade for a contending pitching staff, particularly since there’s still around $2.6MM remaining on his $14MM salary.

Mike Clevinger would be a clearer roster upgrade than Carrasco. He missed a month and a half midway through the year with biceps inflammation. A return one start before the August 1 deadline wasn’t sufficient to drum up trade interest. Clevinger has turned in a solid enough season, though, pitching to a 3.32 ERA over 97 2/3 innings. While his 20.8% strikeout rate and 9.3% walk percentage are each worse than average, it’d be easy enough for a number of hopeful contenders to find room for Clevinger at the back of their rotation — at least from an on-field perspective.

Complicating matters is the structure of the righty’s contract. Clevinger’s $8MM salary isn’t the issue, as most teams could easily accommodate the roughly $1.5MM still to be paid out. Yet there’s also a $4MM buyout on a $12MM mutual option for next season. Clevinger receives the buyout regardless of which side declines the option and is very likely to return to free agency since mutual options are almost never triggered by both sides. A claiming team would have to take on responsibility for the buyout as well — it’s all or nothing for assuming a player’s contract off waivers — so it’d be a nearly $5.5MM investment for a month (and perhaps a playoff run) of Clevinger’s services.

That’s a tough sell for a team. If there were no option buyout, he’d need to be playing this season on a $30MM salary to have that kind of money remaining on his deal. It’s hard to imagine any team views Clevinger as equivalent to a $30MM pitcher, even for just a few weeks.

While Carrasco and Clevinger seem like borderline waiver claims at best, there’s little doubt someone will add Giolito. Despite his recent struggles, he’d be a clear upgrade for fringe contenders with uncertain rotation outlooks.

A few things to remember before taking a look at the likeliest teams to make a claim. It’ll be a club with playoff aspirations. Giolito would be the best pitcher on the A’s, but there’s no incentive for them to add him when he’ll be a free agent in five weeks. Yet he’s probably not going to wind up with one of the three best teams in the sport. Waiver priority is in inverse order of the MLB standings as of tomorrow morning. The Dodgers, Orioles and/or Braves could place a claim, but it’s very likely someone with a worse record will do so as well and beat them out.

Let’s identify potential fits (in expected waiver priority order):

  • Padres (62-72)

This could be a test of how much optimism remains in the San Diego front office. The Padres are 10 games under .500 and eight out of the final NL Wild Card spot. A postseason run is hard to envision at this point. Yet the Friars held Blake Snell and Josh Hader at the deadline and acquired Garrett Cooper, Ji Man Choi, Scott Barlow and Rich Hill. If there’s any hope for 2023 left at Petco Park, a Giolito claim would be the last sign. Joe Musgrove and Yu Darvish are on the injured list, leaving Hill and Pedro Avila in the starting five. There’s room for Giolito on the roster. A couple million dollars doesn’t seem much of a deterrent for owner Peter Seidler. The question is simply whether the Padres still think they have a shot.

  • Marlins (66-66)

Miami looked into rotation possibilities at the deadline but ultimately brought in just a depth starter in Ryan Weathers. They’ve kept Edward Cabrera in Triple-A for the past month. Johnny Cueto is on the injured list, while it’s unclear if Trevor Rogers will return at all this season. There’s a strong front four in Sandy Alcantara, Jesús Luzardo, Braxton Garrett and rookie Eury Pérez. There’s enough uncertainty with the final rotation spot that Miami could consider a claim.

Notably, the Marlins aren’t guaranteed to remain above the Reds’ in the waiver order. A Marlins win over the Rays paired with a Cincinnati loss in San Francisco would push Miami’s win percentage marginally above that of the Reds.

  • Reds (68-66)

The Reds are the first club where it’d be incredibly surprising if they didn’t put in a claim on Giolito. Cincinnati didn’t address their rotation at the deadline despite ranking 27th at the time in rotation ERA. They’ve been no better over the past month, with their starters allowing 5.86 earned runs per nine in 26 games. Hunter Greene returned from the injured list in the intervening weeks but was shelled in his first two starts back. Nick Lodolo —  initially expected back from a leg injury at the end of this month — suffered a setback. Even with Graham Ashcraft and Brandon Williamson performing well of late, there’s clear room for more help. The Reds checked in with the White Sox about their rotation before the deadline, presumably at least gauging Chicago’s asking price on Giolito before they sent him to Anaheim.

  • Twins (69-65)*

Giolito would be a luxury buy for a Minnesota club that’s on its way to an AL Central title. The rotation is already strong, anchored by Pablo López, Sonny Gray, Kenta Maeda and Joe Ryan. The Twins have gotten decent enough work from Dallas Keuchel that they optioned Bailey Ober to Triple-A. Placing a claim would simply be about deepening the pitching staff for the postseason, where skipper Rocco Baldelli could have quicker hooks for everyone aside from López and Gray.

  • Red Sox (69-64)

The Red Sox may feel their rotation is strong enough to pass on Giolito. They’re running with a starting five of Chris Sale, James Paxton, Brayan Bello, Tanner Houck and Kutter Crawford. That’s a pretty good group, although they’re middle-of-the-pack in ERA and strikeout rate since the All-Star Break. Paxton, Sale and Houck have had injury concerns. Houck and Crawford have spent time in the bullpen this season.

Starting pitching isn’t necessarily a need, but adding any kind of talent could be welcome for a club that has fallen 6.5 games out of the last AL Wild Card spot. Boston has roughly $9MM in payroll space before reaching the base luxury tax threshold, as calculated by Roster Resource. They’d only take on the remaining portion of Giolito’s salary if they claimed him, so that shouldn’t be an issue.

  • Diamondbacks (69-64)

If Cincinnati, Boston (and everyone else in front of them) passes on Giolito, the D-Backs figure to step in. They’re quite similar to the Reds. Arizona’s a surprise contender that sought but didn’t find rotation upgrades for the deadline. They also touched base with the Sox on Giolito. There’s still very little depth beyond Zac Gallen and Merrill Kelly. Righty Slade Cecconi has five MLB appearances to his name. Brandon Pfaadt has been knocked around as a rookie. Zach Davies probably shouldn’t be starting for a team with playoff aspirations. Tommy Henry, arguably the club’s third-best starter, seems likely to miss the rest of the season with an elbow injury.

*Note: Boston, Minnesota and Arizona could swap places in waiver priority tonight. When multiple clubs have the same record, priority goes to the team in the same league as the team that put the player on waivers. Within leagues, priority goes to the team that had the worse record in prior seasons. If they all have the same record going into tomorrow, the order would go Minnesota (worse record than the Red Sox in 2021) – Boston – Arizona.

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It’s tough to envision scenarios where Giolito gets past the Diamondbacks. At least one of Miami, Cincinnati and Arizona should be motivated enough to make a claim. Contenders like the Cubs, Rays, Orioles and Dodgers may all have interest, but it’d require inexplicable decisions to pass on the part of a few teams in front of them. Perhaps clubs near the back of the waiver order will consider a flier on Clevinger as a fallback, though the aforementioned contract situation makes that far less appealing than getting Giolito would be.

Angels Place Lucas Giolito, Matt Moore, Reynaldo López, Hunter Renfroe, Randal Grichuk On Waivers

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In a stunning development, the Angels have waved the white flag on their season, placing starter Lucas Giolito, relievers Matt Moore and Reynaldo López, and outfielders Hunter Renfroe and Randal Grichuk on waivers, according to Jeff Passan of ESPN. Each player is an impending free agent and the Angels are apparently hoping to save some money by having some or all of them claimed off waivers while simultaneously allowing the players to join playoff contenders before the September 1 cutoff. Dominic Leone is also on the list, per Bob Nightengale of USA Today.

The Halos also placed starter Tyler Anderson on waivers last week, reports Joel Sherman of the New York Post (on Twitter). He went unclaimed and elected to stick with the Halos. That no one took Anderson on is hardly a surprise. He’s only in the first season of a three-year, $39MM free agent contract that hasn’t gone well in year one. In 117 2/3 innings, the veteran southpaw has a 5.35 ERA.

The Angels have been making a strong push to contend in recent years, trying to put a competitive ballclub around their superstars Shohei Ohtani and Mike Trout. Part of their offseason upgrades included signing Moore and trading for Renfroe. The club hovered around contention through the trade deadline, deciding to hang onto Ohtani as well as making further additions, including Giolito, López and Grichuk.

Unfortunately, just about everything has gone wrong in the month of August, with the club having posted a record of 7-18 so far this month. As if that weren’t enough, Ohtani was diagnosed with a tear in the ulnar collateral ligament of his throwing elbow, which will prevent him from pitching again this season. Trout, meanwhile, attempted to return from his hamate surgery despite still being sore but was in too much pain to continue and landed right back on the IL.

This brutal month has pushed the Angels’ record to 63-69, which leaves them 11.5 games back of a playoff spot. Calculations from both FanGraphs and Baseball Prospectus give the club no hope of coming back, making this a lost season. All six of the players reportedly on waivers are impending free agents, meaning they have no real use to the Angels now. The only player of the bunch that would warrant a qualifying offer, allowing the Angels to recoup draft pick compensation, would be Giolito but he’s ineligible to receive one since he was traded midseason.

Since the trade deadline passed four weeks ago, there’s no way for the Angels to exchange any of those players for any kind of future value. But by putting them on waivers, they at least give themselves a chance of saving some money. Giolito is making $10.4MM this year, without about $1.9MM left to be paid out. For Renfroe, those figures are $11.9MM and $2.18MM. For Moore, $7.55M and $1.38MM. López, $3.625MM and $633K. Leone is $1.5MM and $275K. Grichuk’s case is slightly more complicated since he’s making $9.33MM this year as part of the extension he signed with the Blue Jays, though that club is eating $4.33MM of that while the Rockies also sent some cash considerations is to the Angels when trading them Grichuk and C.J. Cron. There’s about $1.71MM left to be paid out though a claiming team wouldn’t be responsible for all of it.

Beyond the strict cash savings, dumping some salary will have luxury tax implications for the Angels. Roster Resource calculates the club’s competitive balance tax figure at $234.4MM, just $1.4MM over the base threshold of $233MM. Cot’s Baseball Contracts has them even farther over at $241.7MM. Both of those numbers are unofficial but highlight that the club is likely over the line by a small amount. The Angels are sure to make Ohtani a qualifying offer at season’s end and would receive draft pick compensation if he signed elsewhere. That compensation would be a pick just after the fourth round if they are a CBT payor but would move to just before the third round if they can dip below. That would roughly move the draft pick from around the 140th pick to the 75-80 range. Being a repeat payor also has escalating penalties, so avoiding paying the tax now could benefit the club if they decide to spend aggressively again next year.

In prior seasons, the July trade deadline was followed by a second deadline in August, though the latter portion required players to clear revocable waivers before being dealt. In 2019, MLB and the MLBPA agreed to a single deadline, with no trades allowed at all after the first deadline. There’s no longer any way for a club to make deals at this part of the calendar but players are still playoff eligible if they join an organization prior to September 1. That means they may find interest on the waiver wire, so long as the claiming club is willing to take on the salary of the player in question.

The waiver order goes in reverse order of standings, regardless of league. The previous August waiver trade system used to be league-specific but that’s no longer in place. As of today, the Athletics would have first dibs on any of these players, followed by the Royals, then the Rockies and so on, simply going from worst record to best, regardless of league. Of course, there’s little reason for those clubs out of contention to claim an impending free agent and take on their salary commitments. The claims are more likely to be made by clubs still hoping to make the playoffs, with those with worse records having a better chance of a successful claim than those at the top of the standings.

This will lead to some interesting calculations in the days to come. Many contending clubs have already spent the majority of the money they had allotted for the season, but will have to decide on whether it’s worthwhile to suddenly add another $1.9MM just for one month of Giolito to help with a stretch run, for example. He’s been inconsistent since joining the Angels but had a 3.79 ERA for the White Sox prior to the deal and has a longer track record of success, with a 3.86 ERA from 2019 to 2022.

Moore made a transition to the bullpen in recent years with excellent results, with a 1.95 ERA last year and 2.30 ERA this year. López is fairly similar, having gone from a fairly mediocre starter earlier in his career to effective reliever, including a 3.86 ERA this year. Renfroe’s production has been up-and-down, with a .240/.300/.480 batting line in his career but a lesser .239/.300/.425 showing this year. Grichuk is having another season with his blend of power but a subpar walk rate, slashing .261/.317/.435. Leone has struggled with control but has generally posted above-average strikeout rates.

For the players, they likely aren’t thrilled about being subject to the whims of the waiver wire, especially the ones who only just became Angels recently. But they will at least likely find themselves moving from a sinking ship to a contender in the coming days, giving them a chance to compete in a playoff race and perhaps get into the postseason.

As for the clubs considering a claim, this will be their best chance to bolster their rosters for the final month of the season, now that the deadline is long gone. It’s also possible that a new precedent has been set for the end of August, as it’s not just the Angels that have taken this tack. Ken Rosenthal of The Athletic has reported that Carlos Carrasco of the Mets, Mike Clevinger of the White Sox and José Cisnero of the Tigers have also been placed on waivers, while Erik Boland of Newsday first reported that Harrison Bader of the Yankees is also on the list.

Though the moves make some sense for the Angels, it’s undoubtedly a frustrating low point as the attempts to contend have repeatedly failed. They gave up several notable prospects to acquire some of these players just a few weeks ago and are now trying to give them away for little more than cost savings. They are now sure to finish the season without having made the playoffs since 2014 and could potentially watch Ohtani sign with a new club this winter.

MLB Trade Rumors Podcast: The Angels Are All In, Lucas Giolito and Picking a Lane

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss:

Plus, we answer your questions, including:

  • Do you see the Marlins being sellers or buyers? (23:25)
  • Who are the Phillies targeting and who would they give up prior to the deadline? (26:35)
  • Who do the Tigers end up trading? And what can we expect in return? (28:50)

Check out our past episodes!

Angels Acquire Lucas Giolito, Reynaldo Lopez

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The Angels are pushing the chips in. The Halos swung a late-night trade for Lucas Giolito and Reynaldo López from the White Sox, the teams announced. Prospects Edgar Quero and Ky Bush are going back to Chicago.

Los Angeles declared themselves buyers this evening when they formally took Shohei Ohtani off the trade market. Once they committed to making a push in Ohtani’s final season of club control, there was little reason not to act boldly. They’ve done just that, surrendering two of their top prospects for the top rental starter available and a relief upgrade.

Ironically, Giolito and López both landed with the White Sox in the same trade nearly seven years ago. Both had debuted with the Nationals in 2016 before being included in the Adam Eaton package during that year’s Winter Meetings. They’ve spent the past six-plus seasons on Chicago’s South Side.

Giolito has developed into the more valuable of the duo. After a disastrous 2018 season, the Southern California native blossomed into an upper mid-rotation starter. He has posted a sub-4.00 ERA in four of the past five years, including a 3.79 mark through 121 frames this season.

He has backed up that solid run prevention with above-average peripherals. Giolito is striking out 25.8% of opponents against an 8.3% walk rate. He’s generating swinging strikes on 11.9% of his offerings. It’s a third consecutive season in which he’s been above-average across the board.

Giolito hasn’t quite developed into the ace it seemed he might become when he finished in the top 10 in Cy Young balloting in 2019-20. His average fastball speed is down a tick from those peak seasons, and he’s lost a few whiffs on each of his offerings. Still, the 29-year-old is a clear playoff caliber starter. He averages just under six innings per start while holding opponents to a .232/.301/.430 batting line. Giolito is effective against hitters of either handedness and has essentially avoided any major injuries in his MLB career.

That kind of durability and effectiveness should be a major boost to a Halos’ rotation that entered play Wednesday ranked 20th in the majors in ERA. Ohtani is the one pitcher allowing fewer than four earned runs per nine on the season. Reid Detmers has a 4.38 ERA but a strikeout rate north of 29% that suggests he fits well in the middle of a rotation. Patrick Sandoval and Griffin Canning have been fine back-end arms. Tyler Anderson has underperformed in the first season of a three-year deal, working to a 5.18 ERA. He slots sixth in the Halos’ six-man starting staff, while Giolito’s addition should firmly push Jaime Barria into long relief if the rest of the group stays healthy.

Barria has been more effective out of the bullpen than when pressed into rotation work. Giolito’s acquisition indirectly upgrades the relief corps in that regard, while the addition of López helps the bullpen in a more straightforward way.

The 29-year-old righty moved to relief for good by the start of the 2022 season. He was excellent in that role last year, pitching to a 2.76 ERA across 65 1/3 frames. It has been more of a mixed bag in 2023. López carries a 4.29 ERA in 42 innings. His walks have jumped from a minuscule 4.3% clip last year to a concerning 12.4% rate.

However, the uptick in free passes has been paired with a jump in whiffs. López has punched out a career-best 29.2% of batters faced. He’s picking up swinging strikes on 13.4% of his offerings while averaging 98.3 MPH on his heater and 87.9 MPH on the slider. López is a high-octane arm to pair with Matt Moore as setup options in front of closer Carlos Estévez. The Halos could look for additional ways of bolstering the middle innings mix between now and the August 1 trade deadline.

Both Giolito and López are firmly win-now pieces. Each is an impending free agent. Giolito is arguably the top non-Ohtani starter who’ll hit the open market. He’s on his way to exceeding nine figures. That always made it likely the White Sox — whose franchise-record expenditure is the $75MM Andrew Benintendi pact — would not re-sign him.

A midseason deal, while not unexpected, is a nice boost to Giolito’s eventual earning power. Players traded midseason cannot be tagged with a qualifying offer. Giolito would obviously have received one had the Sox retained him past the deadline, but he’ll now hit the open market without a signing team needing to forfeit draft capital.

The more immediate benefit, of course, is that both pitchers will get a chance to compete for a postseason spot. The Halos are four games out in the Wild Card race and seven back in the AL West. They’re clearly pushing the chips in for this season and figure to continue to be aggressive in the next few days. Adding corner infield help with Anthony Rendon and Brandon Drury on the shelf and Jared Walsh struggling enough to be optioned to Triple-A makes plenty of sense; to that end, the Halos have reportedly been in touch with the Nationals regarding third baseman Jeimer Candelario.

As part of that all-in mentality, the Angels relinquished a pair of their most talented prospects. Quero is one of the game’s top minor league backstops. The switch-hitter reached Double-A by his 20th birthday and is holding his own in a pitcher-friendly setting. Over 317 plate appearances, Quero owns a .245/.385/.332 batting line. He’s only hit three home runs but is walking at a massive 17% clip while striking out just 16.7% of the time.

That kind of plate discipline is exceptionally rare for a hitter so young. The Cuban-born backstop is the sport’s #61 overall prospect at FanGraphs and 85th at Baseball America. Scouting reports predictably rave about his advanced offensive skills and suggest he has a good chance to be a regular in the long term.

The Halos already have a potential catcher of the future in Logan O’Hoppe. Acquired from the Phillies last summer, O’Hoppe has been limited to 21 big league contests because of a labrum tear in his shoulder. He’s controllable for five seasons beyond this one, though, perhaps making Quero a little more expendable to the organization.

Chicago had no such long-term answer behind the dish. Yasmani Grandal is headed to free agency on the heels of a fine but unexceptional year. It’s probably unreasonable to expect Quero to immediately succeed Grandal as the #1 backstop next season, but it doesn’t seem out of the question he could reach the majors at some point in 2024. That upper minors proximity is surely appealing to a Chicago team reloading for next year.

Bush, a 23-year-old southpaw, was also at Double-A. A second-round pick out of St. Mary’s in 2021, he ranked ninth among Angels’ prospects in Eric Longenhagen’s recent organizational rankings at FanGraphs. Both Longenhagen and Kiley McDaniel of ESPN (on Twitter) suggest the 6’6″ hurler has a chance to stick as a starter and praise his slider, though Longenhagen raises concerns about his low-90s fastball. Bush has been a little homer-prone in his first six Double-A starts but is striking out nearly 30% of opponents there.

It’s a strong return for a pair of impending free agents, with Quero the clear headliner. Yet it’s understandable the Angels would part with those players (particularly with O’Hoppe in the fold) to make a push this season. Their aggressiveness extends beyond the prospect capital, as the trade officially pushed them into luxury tax territory.

The Halos were right around the $233MM competitive balance tax threshold before the move. They’re taking on what remains of the respective $10.4MM and $3.625MM arbitration salaries for Giolito and López. That’s around $3.75MM on Giolito and $1.31MM on López. That’ll push their estimated CBT figure to around $238MM pending future additions.

It’s clear owner Arte Moreno will sign off on paying the tax for the first time. The financial penalties of doing so are rather minimal. As a first-time payor, they’ll pay a 20% tax on expenditures between $233MM and $253MM. The tax money they’re taking on with today’s trade is just over $1MM, a marginal amount in comparison to the team’s overall spending.

More notably, surpassing the CBT reduces the draft compensation they’d receive if they lose a qualified free agent. Teams that pay the luxury tax receive a compensation pick after the fourth round if a player rejects a qualifying offer and signs elsewhere. Clubs that stay below the threshold get a compensatory choice between Competitive Balance Round B and the third round.

Ohtani will obviously reject a QO. If the Angels don’t re-sign him, going past the CBT means they’re moving the draft compensation back a couple rounds. That’s a risk worth taking to maximize the chances of getting to the playoffs in Ohtani’s final season of arbitration. The Angels are all-in, and while this’ll probably be their biggest move of deadline season, there’s no reason to think it’s their last.

Jeff Passan of ESPN first reported the Angels and White Sox were finalizing a trade of Giolito and López for Quero and Bush.

Images courtesy of USA Today Sports.

White Sox Discussing Lance Lynn With Rays, Dodgers

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11:53am: The Sox and Rays are indeed discussing Lynn, Marc Topkin of the Tampa Bay Times tweets, but a deal between the two parties is not yet seen as imminent. The Rays have interest in a number of starters and are in active talks on multiple starting pitchers.

Likewise, the White Sox aren’t locked in on the Rays alone as a potential trade partner for Lynn. Nightengale follows up by tweeting that the Dodgers remain interested in both Lynn and right-hander Lucas Giolito and continue to discuss both with the ChiSox.

With Dustin May out for the season and each of Clayton Kershaw, Ryan Pepiot, Noah Syndergaard and Walker Buehler on the injured list, the Dodgers have a trio of rookies (Bobby Miller, Emmet Sheehan, Michael Grove) behind Julio Urias and Tony Gonsolin in the rotation at the moment. All of the Dodgers’ Opening Day rotation members have been on the injured list at some point this season, so it’s only natural for them to explore upgrades — particularly as their collection of young starters continues to push their workloads to previously unreached levels.

9:49am: The White Sox and Rays are in active discussions on a trade regarding right-hander Lance Lynn, tweets Bob Nightengale of USA Today. The two teams have been exchanging names of potential minor leaguers in the swap.

Tampa Bay is one of the 10 teams on Lynn’s no-trade list, but talks have apparently advanced to the point where the White Sox have already approached him about the possibility of approving the deal. Nightengale adds that Lynn has informed the team he would waive that no-trade protection for a chance to pitch for a contending Rays club.

Lynn, 36, is in the second season of a two-year, $38MM extension he signed with the White Sox two years ago. The veteran right-hander was a durable an excellent pitcher for the Rangers and ChiSox from 2019-22, pitching to a combined 3.42 ERA with plus strikeout and walk rates in 571 innings during that time, but the 2023 season has been a struggle.

While Lynn is still missing bats at a high level (27.3% strikeout rate, 14% swinging-strike rate), he’s been more homer-prone this season that any point in his lengthy Major League career. The 6’5″ righty has yielded an average of 2.19 homers per nine innings pitched, which has contributed to what would be a career-worst 6.18 ERA on the season.

That mark is unsightly, of course, but Lynn has seen what’s surely an anomalous 21.5% of his fly-balls turn into home runs. That’s more than double his 10.1% career mark and nearly nine percentage points higher than the league average of 12.4%. Homer-to-flyball rate tends to stabilize over larger samples, and any team acquiring Lynn would surely be hoping there’s regression in that regard. That seems inevitable; Lynn’s current 21.5% homer-to-flyball rate would be the fourth-highest mark of any pitcher in the past decade. Furthermore, one can imagine that getting out of the homer-friendly Guaranteed Rate Field would help to alleviate those home run woes.

The Rays didn’t look like a team that’d need to acquire outside help for the rotation early in the year. Tampa Bay began the season in dominant fashion, but the Rays have seen Jeffrey Springs (Tommy John surgery) and Drew Rasmussen (flexor surgery) go down with season-ending injuries. Depth starter Josh Fleming is on the 60-day IL due to an elbow issue.

At present, the Rays are running out a strong quartet of Shane McClanahan, Tyler Glasnow, Zach Eflin and top prospect Taj Bradley. Lynn would slot into that group and give the Rays an upside play for the final spot in the rotation. At worst, he’d be a durable innings eater who could spare the bullpen and round out the rotation. At best, he could become the Rays’ latest pitching reclamation. Tampa Bay has a reputation for getting the best out of its pitchers — thanks to a combination of its renowned analytics department, advance scouting, coaching and player development — and if the Rays can get Lynn back into his 2019-22 form, he’d be a bona fide playoff-caliber starter.

Lynn’s contract contains an $18MM option for the 2024 season. There’s a $1MM buyout on that provision, making it a net $17MM decision. As it stands, he’s clearly trending toward a buyout, but with a big finish to the season it’s conceivable he could yet play his way into having that option picked up.

That’d be a steep price for the Rays of all teams, but Tampa Bay has shown increased willingness to spend in recent years. The Rays made a legitimate run at signing Freddie Freeman in free agency, reportedly putting forth a six-year offer in the $150MM range. They also extended Glasnow on a deal that’ll pay him $25MM next year and signed shortstop Wander Franco to an 11-year, $182MM deal. Even this past offseason’s signing of Eflin at three years and $40MM was a notable departure from the team’s typical stinginess on the open market.

Lynn is owed about $6.8MM of this year’s $18.5MM salary between now and the end of the season, plus at least that $1MM buyout on the option. Between that salary and his struggles with home runs, his trade value certainly isn’t close to where it might’ve been entering the season, but the Sox could sweeten their return by offering to pay down some or all of the remaining money he’s guaranteed in 2023.

Diamondbacks Have Shown Interest In Lucas Giolito

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The Diamondbacks are among the teams to have shown interest in White Sox starter Lucas Giolito, reports Jon Morosi of MLB.com. It’s a sensible match, given that Giolito is one of the top trade candidates this summer and the D’Backs have a need in their rotation.

The White Sox are 41-57, which places them nine games back of the division lead even in the weak American League Central. The playoff odds at FanGraphs have them down to a 1.5% chance of leapfrogging the Tigers, Guardians and Twins in order to take the crown. With just over a week to go until the August 1 deadline, it seems fair to expect them to make a few deals aimed at improving their chances in future seasons. Recent reporting has indicated the club is willing to consider deals on all players except for Luis Robert Jr., Eloy Jiménez, Dylan Cease and Andrew Vaughn.

Giolito would be one of their most logical trade chips, given that he is an impending free agent and a potential playoff starter for an acquiring club. MLBTR recently placed him in the #1 slot on a list of top deadline trade candidates, a reflection of both his likelihood to be traded and his appeal to other clubs.

The righty made 72 starts over the 2019 to 2021 seasons, posting a 3.47 earned run average in that time. That figure spiked to 4.90 last year but Giolito has brought it back down 3.96 here in 2023. Across those five seasons, he’s struck out 28.5% of hitters while walking 8.2%. He’s making $10.4MM this year but only about $3.35MM will be left to be paid out at the time of the deadline.

Just about any club in need of starting pitching should have at least some interest in Giolito and he’s already been connected to the Dodgers, while the Reds have reportedly had discussions with the White Sox about their starters, which presumably includes Giolito.

There’s plenty of logic in the Diamondbacks throwing their hat in the ring, given the state of their own rotation. The club has featured a top-heavy rotation this year, with Zac Gallen and Merrill Kelly doing strong work at the front. Kelly is on the injured list right now due to a calf issue and could return next week, but even if that proves to be the case, that still leaves the D’Backs with plenty of questions behind the Gallen-Kelly duo.

Tommy Henry has a 3.89 ERA but it’s possible he’s lucky to have it, as his .276 batting average on balls in play and 81.1% strand rate are both on the lucky side of average. His 5.07 FIP and 5.23 SIERA suggest some regression may be in store. Ryne Nelson has made 20 starts but with a 4.82 ERA in that time. Zach Davies has a 7.38 ERA for the year and is on the injured list for a second time. Prospect Brandon Pfaadt has been given six starts but has a 9.82 ERA in those.

Despite those rotation issues, the Snakes are 54-43 and currently tied for the top Wild Card spot in the National League, in addition to sitting just two games back of the Dodgers for the division lead. Adding some pitching for the final months of the postseason race would be a logical move, something that general manager Mike Hazen admitted last month.

Although Giolito will be highly in demand, the acquisition cost in terms of the trade return might not be exorbitant since he’s a rental, at least compared to a similar pitcher with multiple years of control. Hazen also recently said that the club will likely be “aggressive” but not “reckless” at the deadline, in terms of which younger players they are willing to give up. Perhaps going after an impending free agent like Giolito would fit that plan.

Whether the Diamondbacks are willing to be aggressive enough to land a pitcher like Giolito remains to be seen. There have already been a few clubs publicly connected to him and there are surely plenty of others who have called the White Sox. For any club that comes up short, some of the other rental starters that could be available include Jordan Montgomery, Jack Flaherty, Michael Lorenzen and many others.

Reds Have Shown Interest In White Sox’s Starters

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The Reds have been in contact with the White Sox as they search for rotation help, reports Jon Morosi of MLB.com (on Threads). Specific targets aren’t reported, though it’s not hard to infer which players could be of interest.

Lucas Giolito is arguably the sport’s most apparent trade candidate. The right-hander is an impending free agent and has a 3.45 ERA through 19 starts. He’s striking out a little more than a quarter of opponents against a modest 7.3% walk rate. While Giolito’s velocity and whiffs are down marginally from a 2019-21 stretch that saw him post a 3.47 ERA in 72 appearances, he has rebounded nicely from a down 2022 season.

With the White Sox now 17 games below .500, they’re predictably approaching the deadline as sellers. The Sox aren’t expected to make a strong run at re-signing Giolito, whose upcoming free agent deal is likely to easily eclipse Chicago’s franchise-record $75MM guarantee for Andrew Benintendi.

He’d be a lock to receive and reject a qualifying offer that would afford Chicago draft compensation if he signs elsewhere. They’ll almost certainly receive more compelling prospect offers in the next couple weeks though. The Dodgers have already checked in and virtually every contender figures to be in touch with Chicago GM Rick Hahn before August 1.

Giolito is playing this season on a $10.4MM arbitration salary. Around $3.35MM will be remaining from the deadline onwards. Cincinnati GM Nick Krall has indicated the club has the payroll flexibility to accommodate midseason trade targets. Rotation help is the obvious area to do so.

While Giolito would be the more appealing target for other teams, Chicago seems likely to move veteran righty Lance Lynn as well. The 36-year-old carries a career-high 6.03 ERA over 103 innings but has much better strikeout and walk marks. Lynn is fanning hitters at a strong 27.9% clip against an average 8.1% walk rate. His biggest issue, an MLB-worst 22 home runs allowed, could be a tough fit at Cincinnati’s very hitter-friendly Great American Ball Park. Still, the durability Lynn provides would be welcome for a Reds’ rotation light on experience at present.

Lynn is making $18.5MM this season. His contract contains an $18MM club option that seems likely to be bought out for $1MM. With the two-time All-Star likely headed to free agency next winter, the Sox figure to look for trade possibilities this month. That’s also true of Mike Clevinger, whose contract contains a $12MM mutual option the team will likely buy out for $4MM. They could be hard-pressed to find interest in Clevinger considering the fairly lofty buyout price and biceps inflammation that has had him on the injured list for a month.

There’s less urgency on either Dylan Cease or Michael Kopech. Both pitchers are eligible for arbitration through 2025. The asking price on either player — Cease especially — would be significantly higher than what the Sox would expect for even their top rental in Giolito. Jon Heyman of the New York Post suggested earlier this week that Chicago could be willing to hear offers on Kopech but wasn’t interested in parting with Cease.

Cincinnati is surely in contact with a number of teams as they explore rotation possibilities. Tonight’s 1-0 loss to the Brewers dropped them into a tie with Milwaukee for first place in the NL Central. They’re still positioned as deadline buyers, of course, with a rotation that ranked 28th in ERA (5.69) entering play Friday standing as the big concern. Nick Lodolo and Hunter Greene are on the injured list. Cincinnati has rookie Andrew Abbott at the top of the rotation, followed by Graham Ashcraft, Ben Lively, Brandon Williamson and Luke Weaver. The latter two pitchers have struggled.

Dodgers Have Shown Interest In Lucas Giolito

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The Dodgers are among the teams showing interest in White Sox righty Lucas Giolito, tweets Jon Morosi of MLB.com. It’s a natural fit, given the Dodgers’ need for rotation reinforcements and the White Sox’ status as likely sellers of short-term pieces. Giolito is a free agent at season’s end.

Giolito, who’ll turn 29 tomorrow, figures to be of interest to a wide variety of contending clubs. He’s in the midst of a strong season, is earning a $10.4MM salary this season, and has a strong track record dating back to his 2019 breakout. Similarly, the Dodgers figure to cast a wide net as they survey the trade market for starting pitching help. While it’s certainly of note that they’ve shown some interest in Giolito, there’s also no indication that there have been any advanced talks for the righty or that he, in particular, is being pursued more aggressively than the many other starters expected to popular the trade market. In some regards, it’d actually be more surprising to learn that the Dodgers weren’t interested in Giolito, given how logical the pairing is.

Los Angeles’ starting staff has been ravaged by injuries this season. The Dodgers have already lost Dustin May for the season (flexor surgery), and they’ve endured lengthy absences from each of Julio Urias, Tony Gonsolin and struggling offseason signee Noah Syndergaard. Prospect Ryan Pepiot won the fifth starter’s job in camp this spring but suffered an oblique injury at the end of camp that has kept him out for the entire first half. Ace Clayton Kershaw hit the injured list late last month due to discomfort in his left shoulder. They knew coming into the year that Walker Buehler would be out until at least September after undergoing Tommy John surgery on Aug. 23 last summer.

The Dodgers have tapped into their pitching-rich system to patch things over, already calling up top prospects Bobby Miller, Emmet Sheehan and Gavin Stone for their big league debuts. Miller and Sheehan are both in the rotation at the moment, as is 26-year-old righty Michael Grove, who entered the ’23 season with just 29 1/3 big league innings under his belt. Grove has been tagged for a 6.89 ERA, however, struggling at a similar level to the previously mentioned Syndergaard (7.16 ERA in 55 1/3 innings).

Giolito isn’t missing bats at the same level as his 2019-20 peak, when he posted a massive 32.7% strikeout rate, but his results are in line with his best prior seasons. He’s sitting on a 3.45 ERA with a strong 25.3% strikeout rate and similarly impressive 7.4% walk rate. With the exception of last year’s 4.90 ERA, which looks like a clear outlier, Giolito has posted an ERA between 3.41 and 3.53 every season since 2019. Overall, he carries a 3.80 ERA in his past 701 2/3 big league innings. The right-hander is also averaging just under six innings per start in 2023, so he’d help give a break to the bullpen of any team to which he’s traded.

The White Sox figure to seek a strong return in any trade for Giolito.  He’s one of the top arms on the market — arguably the top arm — and is a clear qualifying offer candidate at season’s end if they don’t trade him. As a 29-year-old free agent with a strong and durable track record, Giolito would be a slam dunk to reject that offer and hit the open market in search of a long-term, likely nine-figure deal. In the event that he signed elsewhere, the White Sox would receive a compensatory draft pick after Competitive Balance Round B in the 2024 draft (roughly in the mid-70s). In order to trade the righty, the ChiSox would need to feel they’re receiving greater value than the value of that theoretical 2024 draft selection.

Giolito recently landed in the top spot on MLBTR’s list of the top 50 deadline trade candidates — a reflection both of his on-field value and of the simple likelihood of him being traded in the next 19 days. (He also placed fourth on MLBTR’s Free Agent Power Rankings late last month.) The South Siders initially only planned to make rental players available, but recent reports have suggested that they’re now open to offers on the majority of their roster, save for the young core of Luis Robert Jr., Dylan Cease, Eloy Jimenez and Andrew Vaughn. In either scenario, Giolito figures to be available and among the likeliest stars to change hands in the next few weeks.

Latest On White Sox’s Deadline Plans

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The White Sox could be one of the most interesting sellers of this year’s deadline. Chicago lost their last two heading into the All-Star Break and sit 16 games under .500 at 38-54. They’ve fallen eight games back of Cleveland in the AL Central, in which they now occupy fourth place.

Chicago has a number of players who are relatively close to free agency whom they could market in trade. Jon Heyman of the New York Post reports the Sox are prepared to seriously consider offers on all but four players: center fielder Luis Robert Jr., ace Dylan Cease, first baseman Andrew Vaughn and left fielder Eloy Jiménez. Heyman suggests that while no one on the roster might be categorically untouchable, Chicago’s “clear intention” is to retain those four players.

Last month, Ken Rosenthal of the Athletic wrote that Chicago was telling rival clubs they were focused on retaining players under control beyond this season. Genuinely considering offers on everyone aside from Cease, Robert, Vaughn and Jiménez would represent a change in direction, although the Sox would still resist moving any of their most valuable long-term assets.

Chicago has a number of likely impending free agents who are apparent trade candidates. Starter Lucas Giolito and relievers Keynan Middleton and Reynaldo López are pure rentals; all three appeared among MLBTR’s top 20 trade candidates last week. So did starter Lance Lynn, whose contract contains an $18MM team option that appears likely to be bought out for $1MM. Reliever Joe Kelly, controllable for next season via $9.5MM club option ($1MM buyout), also ranked highly on that list.

The Sox have a few more players with relatively pricy 2024 options. Closer Liam Hendriks has a $15MM option that comes with a matching buyout figure. That seems likely to be exercised, as buying Hendriks out would only allow the Sox to defer that payment over a 10-year span. Tim Anderson’s deal contains a $14MM team option or a $1MM buyout. Anderson is having a terrible season (.223/.259/.263 over 290 plate appearances) that could at least force the organization to reconsider an option that looked like an easy call a few months ago. The Mike Clevinger deal contains a $12MM mutual provision which the club will probably buy out for $4MM.

Yasmani Grandal and Elvis Andrus are the other impending free agents on the roster. Grandal is hitting at a decent .251/.317/.374 clip, but trades of catchers midseason are fairly rare and he’s making an $18.25MM salary that’d be difficult to move. Andrus isn’t producing, hitting .208/.286/.266.

The White Sox considering offers on anyone in that group isn’t too surprising. The majority are unlikely to be on the South Side beyond this season. It’d be an inopportune time to deal Anderson or Hendriks (currently on the injured list with elbow inflammation), although the front office could look into it if they’re contemplating declining next year’s option on either player.

Giolito, in particular, seems all but assured to change uniforms. MLBTR’s #1 trade candidate has tossed 112 1/3 innings of 3.45 ERA ball across 19 starts. He’s striking out over a quarter of opponents and looks the part of a durable #2/3 starter on a playoff team. He’s on track for a nine-figure contract that’d be larger than any in White Sox’s franchise history. Chicago should get more in trade this summer than the value of the draft choice they’d receive if they allow him to depart in free agency after declining a qualifying offer.

Heyman suggests the Reds and Rangers could check in Giolito. Cincinnati GM Nick Krall has gone on record about a desire to add pitching. The NL Central-leading club is very likely to upgrade a starting staff that’s presently without Hunter Greene and Nick Lodolo. Texas has gotten strong results out of their rotation but could look to add depth as they try to maintain a two-game lead in the AL West. They’ve reportedly checked in on Lynn as well, though Giolito would be the more impactful and costlier (in terms of prospect capital) addition.

One controllable player whom the Sox seem at least somewhat willing to consider moving: starter Michael Kopech. Heyman writes the Sox would be more amenable to relinquishing Kopech than anyone from the Robert, Cease, Vaughn, Jiménez group.

While the 6’3″ right-hander is only in his second full season as a big league starter, he’s not all that far off free agency. Kopech will soon surpass four years of MLB service and is eligible for arbitration through the 2025 campaign — the same control window as Cease. He’s playing this season on a $2.05MM salary.

Kopech landed on the 15-day injured list last week with inflammation in his throwing shoulder. He’s generally expected back not long after the Break, however, so he could have multiple starts before the August 1 deadline. If he’s in form, he’d surely generate interest.

Through 16 starts and 86 innings, Kopech has worked to a 4.08 ERA. He’s striking out 26% of opponents on a solid 11.4% swinging strike percentage while averaging over 95 MPH on his fastball. There’s clearly plenty of promise with the 27-year-old righty, but he has not yet established himself as the top-of-the-rotation arm some evaluators had envisioned. That’s largely due to spotty control, as his 13.1% walk rate is the highest of any pitcher with at least 15 starts.

There’s obviously far less urgency for general manager Rick Hahn and his staff to move Kopech than with any of the impending free agents. Chicago isn’t going to embark on a full teardown and rebuild, so they figure to hold firm to a lofty asking price on their controllable mid-rotation starter. Still, the front office seems more amenable than they were a few weeks ago to consider moving players besides their collection of talented rentals.

2023-24 MLB Free Agent Power Rankings: June Edition

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We’re at the regular season’s halfway point, and the free-agent landscape has changed a fair bit since we last ran through our Power Rankings back in mid-April. Injuries, changes in performance — some for the better, some for the worse — and more have combined to provide more context as to what shape the top of the free agent market will take.

As a reminder, our Power Rankings are based primarily on perceived earning power. This is an exercise intended to provide a snapshot of where the top end of the free agent class is currently sitting. One player being ranked higher than another does not necessarily indicate we feel he’s the better player. Youth, health, qualifying offer status, market scarcity and myriad other factors all impact what a player can expect to earn in free agency.

Our power rankings are compiled collaboratively. MLBTR owner Tim Dierkes and writers Anthony Franco and Darragh McDonald all weighed in for this update. Players with opt-out clauses and player options are included, even if they’ve previously given indications they may forgo the opportunity to return to the market.

1. Shohei Ohtani, SP/DH, Angels: There are no surprises up top. Ohtani remains far and away the top name on this year’s list — so much so that he might even command double the No. 2 entrant on our list. That’s both a testament to his general excellence and an indictment on what is generally a weaker free agent class than is typical.

Ohtani, 29 in July, isn’t having quite as dominant a season on the mound as he did in 2022, but he’s still been quite good and is enjoying his best year to date with the bat. In 95 1/3 innings, the flamethrowing righty has pitched to a 3.02 ERA with a 33.2% strikeout rate and 10.2% walk rate. The latter is a marked uptick from the 6.7% he logged a year ago. Ohtani’s strikeout rate is only down about half a percentage point from its 2022 levels, but he’s seen more notable drops in swinging-strike rate (from 14.9% to 13.5%) and opponents’ chase rate (32.6% to 29.5%). This is also the most homer-prone he’s ever been on the mound; his 1.13 HR/9 is a career-high, and the 12 homers he’s allowed in 95 1/3 innings innings are already just two shy of last year’s total of 14 — which came over a span of 166 frames.

To some extent, that’s just nitpicking. Ohtani has still been excellent. His ERA ranks 15th among qualified starting pitchers, and only Atlanta’s Spencer Strider has a higher strikeout rate. He currently ranks sixth among qualified pitchers in K-BB% (23%), and fielding-independent metrics are generally supportive of his success (e.g. 3.40 SIERA, 3.35 xERA). Hitters simply haven’t been able to make good contact against Ohtani, outside that handful of home runs anyway. His 86 mph average opponents’ exit velocity is in the 93rd percentile of MLB pitchers. His 34.8% opponents’ hard-hit rate is in the 77th percentile. He’s induced grounders at a solid 44.4% clip. The uptick in walks is significant, but that’s only taken Ohtani from an ace-level performer to a slight step below that level.

And of course, when discussing Ohtani, the mound work is only half the equation. His work in the batter’s box this season has been nothing short of sensational. In 360 plate appearances, Ohtani is batting .309/.389/659. That’s 82% better than league-average production after weighting for home park, by measure of wRC+. Ohtani has already belted 28 home runs, and he’s added 15 doubles and five triples while swiping 11 bags (in 15 tries). This year’s 11.4% walk rate is right an exact match for his career mark (although shy of his 15.6% peak), and his 21.7% strikeout rate is the lowest of his career.

Ohtani has averaged an obscene 93.7 mph off the bat this year and ranks in the 95th percentile (or better) of MLB hitters in exit velocity, barrel rate, expected slugging percentage and expected wOBA. He’s a bona fide middle-of-the-order bat with the speed to swipe 25 to 30 bases and the power to clear 40 home runs.

When chatting about this update to our Power Rankings, Anthony Franco rhetorically asked me if I thought Ohtani the hitter and Ohtani the pitcher (if somehow separated) would both still individually rank ahead of the rest of this year’s class of free agents. We both agreed that they would. Fortunately, one team will get both this offseason — it just might cost more than half a billion dollars.

2. Yoshinobu Yamamoto, SP, Orix Buffaloes (Japan’s Nippon Professional Baseball): Many people have wondered what type of contract Ohtani might have originally commanded if he’d waited two years to jump to Major League Baseball. Because he opted to make the jump at 23 years of age, he was considered an “amateur” under MLB rules and thus limited to the confines of MLB’s international free agent system. Since he’s not also a world class hitter, Yamamoto won’t give us an exact answer to that now-unanswerable Ohtani hypothetical, but he’ll show us what a 25-year-old ace can command under true open-market pricing if and when the Buffaloes post him, as expected.

Yamamoto, 25 in August, is one of the best pitchers in NPB and perhaps one of the most talented arms on the planet. The right-hander made his NPB debut as an 18-year-old rookie in 2017, stepped into the Buffaloes’ rotation full-time in 2019, and has pitched to a sub-2.00 ERA in four of the past five seasons, including this year’s current mark of 1.98. The lone exception was 2020, when his ERA ballooned all the way to… ahem, 2.20. Yamamoto has a sub-2.00 ERA in his career, and that’s including the 5.32 mark he posted in that age-18 rookie season.

So far in 2023, Yamamoto has pitched 68 1/3 innings with a 1.98 ERA, a 27.8% strikeout rate and a superlative 4.1% walk rate. Just 11 of the 266 batters he’s faced have drawn a free pass. That’s a career-best mark for a pitcher who’s long had outstanding command but has continually whittled away at his walk rate over the years. In his NPB career, Yamamoto has walked just 6.1% of opponents against a 26.5% strikeout rate.

MLBTR contributor Dai Takegami Podziewski kicked off his latest NPB Players To Watch piece with a look at Yamamoto’s recent run of dominance: a stretch of three consecutive eight-inning starts with just one run allowed and a 29.8% strikeout rate and .092 opponents’ average along the way. World Baseball Classic fans may remember Yamamoto’s performance as well: in 7 1/3 innings he allowed just two runs on four hits and two walks with 12 strikeouts. Back in April, Dai described Yamamoto as the “undisputed ace of NPB,” noting that he’s won the Sawamura Award (NPB’s Cy Young equivalent) in each of the past two seasons. He also won the pitching triple crown (ERA, strikeouts, wins) in 2021-22 and has a chance to repeat the feat in 2023.

Like so many pitchers these days, Yamamoto boasts a mid- to upper-90s heater. Scouts credit him with a potentially plus-plus splitter and give favorable reviews of his curveball and general athleticism as well. Presumably, there’s some trepidation regarding a pitcher who’s listed at just 5’10” and 169 pounds, and whoever signs him will have to pay a posting/release fee to the Buffaloes. Those are about the only “red flags” in Yamamoto’s profile.

Yamamoto’s countryman, Kodai Senga, has had some inconsistent command but generally performed well since signing a five-year, $75MM deal with the Mets. In an offseason piece, Joel Sherman of the New York Post quoted an evaluator who graded Yamamoto a full grade better than Senga on the 20-80 scale. And, it bears emphasizing, Yamamoto is five years younger than Senga. We haven’t seen a pitcher with this type of pedigree make the jump from Japan without any spending restrictions since Masahiro Tanaka signed a seven-year, $155MM deal with the Yankees. Yamamoto is younger than Tanaka was, he’s arguably better, and the price of pitching has only gone up since that time. A contract in excess of $200MM doesn’t seem outlandish if he can remain healthy and productive.

3. Matt Chapman, 3B, Blue Jays: It’s been a tale of two seasons for Chapman, who was perhaps baseball’s best hitter in April and one of its worst in May. The slump has been longer than the hot streak at this point, although the aggregate .265/.343/.457 slash is still well above league average (23% better, by measure of wRC+). Paired with his characteristically excellent defense (7 Defensive Runs Saved and 4 Outs Above Average already), and Chapman’s still been an undeniably valuable player, even if the nature of his contributions for the Jays have been quite frontloaded in the schedule’s early portion.

That said, it’s still incumbent upon Chapman to turn things around at the plate sooner than later. The weight of that early, Herculean stretch will continually diminish, and the current version of the former All-Star simply isn’t that compelling. Early in the year, Chapman was regularly making blistering contact and had dramatically cut back on his strikeouts. In writing about his brilliant start to the season in early May, I pointed out that he’d begun to let the strikeouts creep back in and wondered whether that was a mere blip or the onset of some regression.

Unfortunately, the strikeout issues that have dogged Chapman in the aftermath of his 2020 hip surgery have resurfaced. Dating back to May 1, Chapman is hitting just .203/.279/.339 with an a 30.2% strikeout rate. He’s still walking at a respectable 8.8% rate, and his quality of contact is excellent. Chapman is averaging 92.4 mph off the bat and hitting the ball at 95 mph or better in 52.7% of his plate appearances even during this prolonged slump. After benefiting from a .449 BABIP early in the year, he’s seen that mark swing down to .269 in May and June.

In all likelihood, the “true” results are somewhere between the two extremes of Chapman’s 2023 season. He’s not the hitter he was in April, but he’s certainly better than he’s been in May and June. The question is whether Chapman can curb the strikeouts moving forward. His propensity for thunderous contact (when he makes it) should lead to some positive regression and once again begin to produce better results. But if he fans at a 30% clip from here on out, there may not be enough balls in play to help him prop his stat line back up. Furthermore, it’d mark the third time in four seasons he finished at or above a 30% strikeout rate, which doesn’t inspire much confidence over the course of a long-term deal.

Chapman still ranks prominently here because the overall numbers are still good, and because, frankly, the crop of position players this offseason is dreadful. In fact, he’s the only pure position player on this installment of our Power Rankings, which is unprecedented. If Chapman can sustain his quality of contact and scale back the strikeouts slightly, he could still find a seven- or eight-year deal heading into his age-31 season. His overall production right now is comparable to the output posted by Kris Bryant in advance of his foray into free agency (which resulted in a seven-year, $182MM contract), and Chapman has far more defensive value than Bryant.

4. Lucas Giolito, SP, White Sox: It’s been a tough start to the year for a number of top free agent pitchers, but Giolito has generally pitched well. His strikeout rate is down from its 33.7% peak, but he’s still fanning more than a quarter of his opponents with his typical brand of better-than-average command (7.5% walk rate). It’s too soon to tell is this is a trend, but it bears mentioning that Giolito has upped his slider usage recently and seen a notable increase in strikeouts. Over his past five starts, he’s thrown the slider at a 35.8% clip, as compared to his prior 28.4% usage rate. It’s not a massive increase, but Giolito had just three starts with a slider rate of 30% or more in his first 11 trips to the hill; since May 30, he’s been between 31.4% and 41.2% in each start. It does seem to mark a clear change in attack plan, and after fanning 23.9% of hitters through those 11 starts, he’s up to 29.4% over his past five.

Giolito’s 93.3 mph average fastball is actually up slightly from 2022’s average of 92.7 mph. Home runs remain an issue (1.36 HR/9), and he’s been a bit more homer-prone on the road than in his hitter-friendly home park this year. That’s not the norm, however; the right-hander has allowed more than 1.5 homers per nine innings in his career at home but is at a much more palatable 1.16 mark on the road.

Giolito’s current 3.41 ERA would mark the fourth time in five seasons that he finished with an ERA between 3.41 and 3.53. Last year’s 4.90 looks like a clear outlier that was largely fueled by a career-high .340 average on balls in play. (The White Sox, notably, were among the game’s worst defensive teams in 2022.)

As with all free agents, age is crucial. In Giolito’s case, it’ll work in his favor. He’s 28 years old as of this writing and will turn 29 in mid-July. Even a seven-year contract would “only” carry through his age-35 season. It’s also worth noting that he’s been a frequently speculated trade candidate, and if he’s flipped to another club, he’d be ineligible to receive a qualifying offer. That carries significance in free agency, too.

Giolito might not be an ace, but he’s a surefire playoff starter for any team in Major League Baseball. He’s the second-youngest of the starters on this list with big league experience and has been a workhorse since 2018, ranking 10th among all MLB pitchers with 855 innings pitched in that time. Kevin Gausman (five years, $110MM) and Robbie Ray (five years, $115MM) signed similar contracts that began in their age-30 seasons. Neither had a track record as long as Giolito, who’ll be a year younger in his first free agent season. A six- or even seven-year deal could be in play, depending on how he finishes.

5. Julio Urias, SP, Dodgers: Urias is among the hardest players to peg among this year’s group. On the one hand, he posted a combined 2.63 ERA over 495 1/3 innings from 2019-22 and is slated to hit the open market in advance of age-27 season — a borderline unprecedentedly young age for a top-end starter to become a free agent. On the other, the lefty has been on the injured list for more than a month owing to a hamstring strain. He didn’t pitch all that well before landing on 15-day IL either. In 55 1/3 innings, Urias worked to a pedestrian 4.39 ERA, thanks primarily to a stunning uptick in home runs allowed; after yielding 0.98 homers per nine frames from ’19-’22, he’s allowed an average of 2.28 homers per nine innings in 2023.

That said, the rest of Urias’ numbers look quite similar to his peak output. His 23.3% strikeout rate is down a bit from the 24.7% he posted in 2019-22, but his 4.8% walk rate is notably better than his already strong 6.3% mark. His fastball velocity is right in line with last year’s level (when Urias notched a 2.16 ERA in 175 innings), as is his 10.8% swinging-strike rate. His 34.1% opponents’ chase rate remains strong.

The primary problem isn’t even an uptick in fly-balls, but rather in the percentage of those fly-balls that leave the yard. Entering the 2022 season, just 9.1% of the fly-balls allowed by Urias had become home runs. This year, it’s a staggering 20.3%. Broadly speaking, homer-to-flyball rate is susceptible to short-term spikes and tends to even out over a larger sample, but the uptick in homers hasn’t been well-timed. That’s doubly true given that for all of Urias’ success, he’s neither the flamethrowing powerhouse nor elite misser of bats that modern front offices covet. He’s succeeded thanks to elite command and by regularly limiting hard contact. Urias’ strikeout rates are typically a bit above average, but he’s never placed higher than the 67th percentile of MLB pitchers in overall strikeout rate.

That’s not to say Urias isn’t a desirable arm or won’t be a highly coveted pitcher. Prior to his injury, the MLBTR team had discussed possible contracts in excess of $200MM for the lefty, based both on his age and recent excellence. That’s perhaps a bit harder to see now, even if the current issue is a leg injury rather than an arm problem. Urias has only twice made 30 starts in a season, and he also has one major shoulder surgery already on his record (a 2017 procedure to repair a capsule tear).

A third consecutive 30-start season would’ve helped set aside a perceived lack of durability, but he won’t get there in 2023, even though he’s expected to return from the injured list as soon as this weekend. That’s not because of any arm troubles to date, and it should be noted that part of the reason for his lack of innings was some extreme workload management post-surgery that looks to have been effective, based on Urias’ 2021-22 results. Still, he hasn’t often worked a full starter’s slate of games, he won’t do it in 2023, and he hasn’t generated his typical results when healthy — even if most of the skill-oriented numbers remain similar to prior levels.

Urias will also have a qualifying offer to contend with, which isn’t true of every pitcher on these rankings. He’s undeniably talented and the clear youngest of the bunch, but it’d be easier to predict a massive long-term deal if he returns and starts producing more like he did in that aforementioned four-year peak.

6. Aaron Nola, SP, Phillies: Speaking of top-tier starters who haven’t performed up to expectations, the 30-year-old Nola finds himself in a precarious position. MLB’s consummate workhorse since his 2015 debut, Nola has pitched the third-most innings of the 2024 pitchers who’ve taken a big league mound since 2016 — his first full season in the Majors. Only Gerrit Cole and Max Scherzer have topped Nola’s 1256 1/3 innings in that stretch.

For the majority of that time, Nola has operated on the periphery of ace-dom. He’s only a one-time All-Star and has never won a Cy Young, but the former No. 7 overall pick finished third place in 2017, seventh place in 2020 and fourth place just last year. During his 2017-22 peak, Nola notched a 3.48 ERA, 28.2% strikeout rate, 6.6% walk rate and 47.1% ground-ball rate. His 2022 season featured a terrific 29.1% strikeout rate and an elite 3.6% walk rate over the life of 205 innings — the second-most in all of baseball.

That version of Nola has been nowhere to be found in 2023. Through 105 2/3 innings, he’s posted a pedestrian 4.51 ERA with his lowest strikeout rate (23.9%) since his rookie season back in 2015. Nola’s 6.8% walk rate, while still a very strong mark, is his highest since 2020. He’s allowing more fly-balls than ever before, and unsurprisingly is allowing home runs at a career-worst rate (1.45 HR/9).

Fielding-independent metrics still believe Nola’s above-average strikeout rate, strong walk rate and ability to avoid hard contact ought to be translating to better results; his “expected” ERA is 3.53, per Statcast, while tools like FIP (4.28) and SIERA (4.00) agree he’s been short-changed a bit. Nola’s 65.1% strand rate, in particular, sits about eight percentage points below his career level and below the league average.

Heading into the season, a six- or seven-year deal seemed within reach for one of the game’s most durable and consistently above-average starting pitchers. He’s maintained the “durable” half of that equation, making 17 starts and averaging a hearty 6.22 innings per outing. The results haven’t been there, however, and Nola’s velocity is down about a half mile per hour on most of his pitches. It’s not the platform season he wanted, and even with the so-so results, he’ll surely still have a QO attached to him. There’s still an easy case for a long-term deal here, and a strong second half of the season would quiet a lot of these concerns. To this point, however, Nola has looked more like a mid-rotation starter than someone who’d be fronting a playoff staff.

7. Blake Snell, SP, Padres: Snell has been the best pitcher on the planet for the past month or so, generally erasing a terrible start to the season. This sort of Jekyll & Hyde performance is old hat for the former AL Cy Young winner, who closed out both the 2022 and 2021 seasons in dominant fashion, offsetting a wave of pedestrian starts in each instance. That endorsement of Snell’s past month isn’t even hyperbole; dating back to May 25, Snell has a comical 0.86 ERA with a 66-to-15 K/BB ratio in 42 innings. He’s fanned a massive 44.1% of his opponents against a better-than-average 8.1% walk rate.

Snell’s rollercoaster traits are nothing new, and they may scare some interested suitors in free agency. There’s no skirting the fact that he has a penchant for slow starts to the season, and when Snell is off his game, he can look lost. He doesn’t have pristine command in the first place, and walks become a particularly glaring issue when he’s in a rut. When he’s not as his best, Snell has a tendency to labor through short starts, which can tax a bullpen.

That said, here’s a look at Snell’s past 48 starts: 259 1/3 innings, 3.05 ERA, 33% strikeout rate, 10.1% walk rate, 0.90 HR/9, 36.9% ground-ball rate, .196 opponents’ average. The road he takes to get there may be infuriating at times, both for fans and his organization’s decision-makers, but Snell has clear top-of-the-rotation stuff. He’s currently riding a streak of four straight starts with double-digit strikeouts, during which he’s yielded just three runs.

The Padres can and very likely will make Snell a qualifying offer. He should reject while giving little, if any thought to the contrary. The qualifying offer and general inconsistency might hurt him, but there will also be teams who look at those factors as a possible avenue to signing a starter with genuine No. 1 talent at a cost that isn’t commensurate with those types of arms. Snell will pitch all of the 2024 season at age 31, and paired with his inconsistency, that might cap him at five years. But he should command $20MM per year over that five-year term, making a nine-figure deal within reach …. barring a second-half collapse that heightens concerns about the fluctuations in his performance.

8. Josh Hader, RP, Padres: Rumors of Hader’s demise as an elite closer last summer were greatly exaggerated, it seems. The four-time All-Star was struggling in the weeks leading up to his trade from Milwaukee to San Diego, and he didn’t help his cause when he allowed a dozen August runs following the swap. That slump was capped off by a six-run drubbing at the hands of a lowly Royals offense.

Since then, it’s been business as usual for Hader. The lefty quietly finished out the year with a 0.79 ERA in his final 11 1/3 innings. He was unscored upon from Sept. 7 through season’s end, and he went on to pitch another 5 1/3 shutout innings in the postseason, fanning 10 hitters in the process. Hader is now sitting on a sparkling 1.26 ERA. His 37.8% strikeout rate isn’t quite as high as his ridiculous 47.8% peak in 2019, but he still ranks among the league leaders in strikeout rate.

Since putting that six-run August meltdown against the Royals behind him, here’s Hader’s line (postseason included): 45 1/3 innings, 0.99 ERA, 38% strikeout rate, 9.8% walk rate, 29 saves.

Hader will be a year older in free agency than Edwin Diaz was when he set the relief pitcher record on a five-year, $102MM contract (which includes multiple opt-outs). That slight age gap will matter, but Hader has the longer and steadier track record of the two and could benefit from his handedness. So long as he keeps somewhere near this pace, he’ll take aim at making Diaz’s record short-lived.

9. Marcus Stroman, SP, Cubs: Stroman’s three-year, $71MM contract allows him to opt out of the final year this offseason. In doing so, he’d leave $21MM on the table, but there’s little doubt he’d be able to topple that mark in free agency. Stroman has already received a qualifying offer in his career, meaning he can’t receive a second one. He’s also the current MLB leader in bWAR (3.5) and third in the Majors in RA9-WAR (also 3.5). Through 102 innings, Stroman touts a 2.47 ERA and a 59.3% grounder rate that’s second only to Logan Webb among all qualified pitchers.

Good as Stroman’s results are, there’s some reason to be a bit skeptical on his earning power. He can surely outpace the $21MM he’d leave on the table by opting out, likely securing another multi-year deal in free agency. That said, Stroman’s profile hasn’t really changed since his last foray into the open market. He still has a below-average strikeout rate, and the lower-than-average walk rate he had last time around has crept up to about league average in 2023. He’s inducing more grounders than he has since 2018, but the primary reason for the drop in his ERA has been a career-low home run rate. Just 8.3% of the fly-balls allowed by Stroman have been homers — well shy of his 13.5% career mark.

Homer-to-flyball rate tends to stabilize over larger samples — Stroman was between 12.6% and 13.9% every year from 2018-22, for instance — so teams might essentially view him as the same pitcher he was in the 2021-22 offseason, just a couple years older. One factor working in Stroman’s favor is that the price of pitching has increased since then; Jameson Taillon, Taijuan Walker and Chris Bassitt all helped advance that market last offseason. Bassitt’s three-year, $63MM deal with the Blue Jays should be of particular note. He secured that contract despite being hit with a QO that Stroman won’t have to contend with, and did so heading into his age-34 season. Next year will be Stroman’s age-33 season. He should at least be able to secure a three-year deal at a larger AAV than Bassitt received. A four-year deal with an AAV north of $20MM is also possible.

10. Jordan Montgomery, SP, Cardinals: Montgomery had a pair of rough starts in the season’s first six weeks, allowing seven and six runs in that pair of outings and ballooning his ERA in the process. Things have largely evened out though, and Montgomery’s numbers look just as solid as they did when he was establishing himself as a mid-rotation hurler in the Bronx, Through 92 innings, he’s posted a 3.52 ERA with a 21.9% strikeout rate, 5.9% walk rate and 46.6% grounder rate that all line up neatly with his 2021-22 production.

Montgomery pitched just 31 1/3 big league innings in 2018-19 due to Tommy John surgery and struggled in the shortened 2020 campaign upon his return from that operation. Since Opening Day 2021, however, he carries a 3.66 ERA and matching secondary marks (3.61 FIP, 3.88 SIERA) in 421 innings. If the Cardinals don’t trade Montgomery, he’ll be a natural qualifying offer candidate. He’d very likely reject that one-year offer in search of a multi-year deal in free agency. Montgomery isn’t an ace, but the market rewarded both Taillon (four years, $68MM) and Walker (four years, $72MM) with four-year contracts last winter. Neither had a QO attached to him, but Montgomery, who’ll turn 31 in December, has a better recent track record than both pitchers as well.

Of course, if the Cardinals remain out of the postseason hunt in late July, Montgomery will be a sought-after trade candidate. A trade to another club would render him ineligible to receive a QO. Even if the Cardinals hang onto him and make him a QO, he’ll still reach free agency in search of a comparable or even larger deal than the ones signed by Taillon, Walker and Bassitt. As with Stroman, it’s worth noting that Bassitt was older in free agency than Montgomery will be (by a margin of three years in Montgomery’s case).

Honorable Mentions (listed alphabetically): Harrison Bader, Cody Bellinger, Jeimer Candelario, Sonny Gray, Teoscar Hernandez, Shota Imanaga, Joc Pederson, Eduardo Rodriguez (opt-out), Max Scherzer (player option), Jorge Soler (player option)

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