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Previewing Upcoming Qualifying Offer Decisions

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

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

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

Locks

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

Possible Candidates

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Longshots

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

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

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

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

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

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

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

Ineligible

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

Rangers Will Meet With Martin Perez Next Week

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The Rangers are planning to meet with Martin Perez and his representatives at Octagon next week, general manager Chris Young said at today’s end-of-season press conference (Twitter link via Evan Grant of the Dallas Morning News). Perez, a free agent, has expressed interest in re-signing with Texas at multiple points this summer, and Young went on record to express interest in retaining the 31-year-old southpaw.

Originally signed by the Rangers as an amateur out of Venezuela, Perez one ranked among the sport’s very best pitching prospects. He finished sixth in American League Rookie of the Year voting back in 2013 and looked very much like a pitcher on the rise; Perez inked a four-year, $12.5MM contract extension that included three club options after that rookie season.

Perez’s upward trajectory quickly hit a snag in 2014, however, as elbow discomfort sidelined him for much of the season and ultimately culminated in Tommy John surgery. He returned late in 2015, but Perez saw his command and strikeout rates both continue to trend in the wrong direction. He settled in as a back-of-the-rotation starter, bouncing from Texas to Minnesota to Boston before returning to the Rangers on a one-year, $4MM deal in free agency this past winter.

The Perez reunion was met with a healthy bit of skepticism, but he’s quieted naysayers with far and away the best showing of his career. In 32 starts and 196 2/3 innings, Perez worked to a 2.89 ERA, a career-best 20.6% strikeout rate and an 8.4% walk rate that was his third-best mark since returning from Tommy John surgery. Perez’s 51.4% grounder rate was his best mark since 2016.

There hasn’t been a radical overhaul of Perez’s pitch arsenal — no new, bat-missing slider that’s turned him into a dominant arm — but he’s succeeded with some more subtle changes. This year’s 27.7% usage rate on his changeup is the highest of his career, and Perez has increasingly favored his sinker, relegating his four-seamer and curveball to little more than occasional change-of-pace offerings. It’s been primarily sinker, cutter and changeup for Perez in 2022, and it’s hard to argue with the results.

For all the money the Rangers spent last year — more than a half-billion dollars in free agent contracts — the starting rotation remains in a state of flux. Last year’s main pickup for the starting staff, Jon Gray, posted strong results in his first season away from Colorado’s Coors Field, pitching to a 3.96 ERA in 127 1/3 innings but also missing time with minor knee and oblique issues. Right-handers Dane Dunning and Glenn Otto made 29 and 27 starts, respectively, finishing with ERAs in the mid-4.00s (though Otto’s strikeout and walk rates paint a more bearish picture). Texas has about $85MM on next year’s payroll, before considering a $6MM club option on Jose Leclerc and a small arbitration class headlined by Mitch Garver and Taylor Hearn.

Beyond that trio of Gray, Dunning and Otto, there’s no real certainty. Starting pitching figures to be a primary focus for the Rangers this winter, and while Perez may not be expected to repeat his 2022 excellence, he’d be a strong stabilizing presence and a nice early complement as the new-look Texas front office seeks a higher-profile addition for the top of the rotation. Perez has certainly earned himself a multi-year deal with that 2022 showing, and the question will now become one of whether the two parties can find a common ground.

Publicly stated mutual interest from the two parties is a good start but hardly solidifies that a deal will come together. If Perez does reach the open market, he ought to draw a fair bit of interest. He continued to command Major League contracts with decent guarantees even on the heels of lackluster performances, after all, signaling that teams throughout the league have long believed there’s another gear for him to reach. Now that he’s seemingly found that next level, that interest will only intensify.

AL Notes: Picollo, Harris, Tigers, Perez, Rangers, Diaz

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After Dayton Moore was fired earlier this week, Royals GM J.J. Picollo was promoted to lead the Royals’ baseball operations department, and he met today with the media (including The Kansas City Star’s Lynn Worthy and 610 Sports Radio’s Josh Vernier).  Much has yet to be determined heading into what could be a busy offseason for the club, and Picollo said he has yet to make a decision on manager Mike Matheny or any members of the coaching staff.

In terms of players, Picollo said that the front office is “in the very infantile stages” of considering an extension for Bobby Witt Jr., though the team is indeed interested in such a deal.  The 22-year-old is completing a strong rookie season, and an extension would both solidify Witt as a cornerstone piece of the Royals’ future, and also give K.C. some cost certainty going forward.  Witt is already controlled through the 2027 season, however, so there isn’t necessarily any rush for Picollo and company to immediately work out an extension.

More from around the American League…

  • The AL Central’s other new front office boss also met with reporters earlier this week, with new Tigers president of baseball operations Scott Harris telling The Detroit Free Press’ Evan Petzold and other media members that the club simply plans to improve, without a specific timeline or any indication as to whether the Tigers will take a step back to reload, or try to build and contend in 2023.  “I am treating this as an opportunity for us to get better this winter….And we’re going to look up at the end of the winter and we’re going to have a much better feel for when the most competitive Tigers team is going to come out,” Harris said.  “That’s how I believe every baseball team should be built.  I don’t believe in strict five-year plans with specific benchmarks that you have to reach year over year.  There’s too much variability in the sport to define a plan as concretely as that.”
  • Impending free agent Martin Perez and the Rangers will wait until after the season to discuss an extension, according to The Athletic’s Levi Weaver (Twitter link).  There has been speculation for months that both and Perez and the team were interested in reaching a new deal to keep the left-hander in Arlington, and while a deal hasn’t yet been reached, there is still plenty of time for the two sides to talk before Perez is scheduled to hit the open market.  Perez is enjoying a career year, with a 2.90 ERA over 183 1/3 innings and his first All-Star selection.
  • Yandy Diaz has missed the Rays’ last five games due to a sore shoulder, but the infielder told Marc Topkin of the Tampa Bay Times and other reporters that he is doing “a lot better” after getting a cortisone shot earlier this week.  It doesn’t appear as though Diaz will require a trip to the injured list, but it also isn’t yet known when he might be back on the field.  Diaz has been a big part of Tampa’s offense, hitting .292/.399/.419 over 549 plate appearances this year, resulting in an excellent 145 wRC+.

Forecasting The 2022-23 Qualifying Offers: Pitchers

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Yesterday, we took a look at the pending free agent position players who could be candidates to receive a qualifying offer this winter.  Now, let’s turn our attention to what free agent pitchers might be in line for a QO, with the caveat that players can only receive one qualifying offer in their careers, and a player must spend the entire 2022 season with his team to be eligible.

Easy Calls: Chris Bassitt (Mets), Jacob deGrom (Mets), Edwin Diaz (Mets), Nathan Eovaldi (Red Sox), Carlos Rodon (Giants)

DeGrom has already said that he is opting out of the final guaranteed season of his contract, leaving $30.5MM on the table in 2023 to seek out a longer-term pact.  Rodon is also sure to opt out of the final year (and $22.5MM) of his two-year contact with San Francisco, as Rodon earned his opt-out by triggering a vesting option at the 110-innings threshold.

Even with Eovaldi’s injury history, retaining him for one year at roughly $19MM seems like a pretty good outcome for the Red Sox, particularly given all the other question marks in Boston’s rotation.  So there’s little risk for the Sox in issuing Eovaldi a QO, though it would seem like Eovaldi will probably reject it.

Face-of-the-Franchise Veterans: Clayton Kershaw (Dodgers), Adam Wainwright (Cardinals)

With Kershaw considering retirement last winter, the Dodgers opted against issuing him a qualifying offer as a free agent, as a nod towards giving the longtime ace all the time he needed to make a decision on his future.  It stands to reason that the Dodgers will take the same path this winter, unless Kershaw gives them advance notice of his plans for 2023….though in that scenario, the two sides might just work out an extension before free agency even officially opens.

The same could be true of Wainwright, who has signed one-year contracts to rejoin the Cardinals in each of the last four offseasons.  In three of those cases, Wainwright inked his new deal either just after the start of the free agent period or before it altogether, so it’s safe to assume the two sides will work out a new pact without the QO coming into play.  Of course, this assumes that Wainwright will come back for an 18th Major League season, but even as his 41st birthday approaches, the right-hander is still going strong.

Easy Contract-Option Calls: Carlos Carrasco (Mets), Sonny Gray (Twins), Aaron Nola (Phillies)

These starters could be free agents if their club options are declined, and thus are technically qualifying-offer candidates.  However, the trio are all virtual locks to have their options exercised, and their respective options are all worth less than the projected cost of the qualifying offer.

Borderline Cases: Tyler Anderson (Dodgers), Mike Clevinger (Padres), Zach Eflin (Phillies), Sean Manaea (Padres), Martin Perez (Rangers), Jameson Taillon (Yankees), Taijuan Walker (Mets)

Walker is yet another Mets entry on this list, as he is very likely to decline his $6MM player option for 2023 and instead take a $3MM buyout into free agency.  Advanced metrics paint a less-flattering picture of Walker’s performance than his bottom-line numbers, and he has battled both injury and consistency problems over his career, though Walker has been relatively healthy in his two seasons in New York.  It would seem likely that the Mets will issue Walker a QO, and 2022 has been enough of a platform year for the righty that he will probably turn the qualifying offer down.

The Padres are another team with multiple QO candidates, as while Joe Musgrove was kept off the open market with a $100MM extension, Manaea and Clevinger remain.  Due in part to two particularly disastrous outings against the Dodgers, Manaea’s ERA is an ungainly 4.76 over 119 innings.  Clevinger has a solid 3.47 ERA in his return from Tommy John surgery, but that is only over 70 innings, due to both his TJ rehab as well as a triceps strain and a week on the COVID-related IL.

Right now, Manaea and Clevinger could possibly be candidates to accept a qualifying offer, if they don’t feel they have enough of a platform to maximize their free agent market.  Solid performances over the final month and a half of the season would make it an easier decision for either pitcher to reject a QO, and easier for the Padres to decide whether or not to issue the offers.  San Diego could be facing a third consecutive year of luxury-tax overage in 2023, especially if Manaea and/or Clevinger are on the books for a $19MM-ish salary.

Eflin is another player who needs to post some solid numbers down the stretch, but first and foremost, the Philadelphia right-hander just needs to get healthy.  Eflin has been on the IL since late June due to a kneecap bruise, and his continued knee soreness is a red flag for a pitcher who has undergone multiple knee surgeries in the past.  When healthy, Eflin has been a quietly solid pitcher for the Phillies over the last five seasons, yet his lingering knee problems are certainly a concern.  There is the interesting wrinkle of a $15MM mutual option between Eflin and the Phils for 2023, and while mutual options are rarely exercised by both parties, this could be a rare situation where it would make sense for both the player and the team.  Paying $15MM for Eflin would also represent some risk for the Phillies, but it would be less than the value of a qualifying offer.

After a great start to the season, Taillon’s numbers have come back to earth a bit, with a 3.95 ERA over 120 2/3 innings.  A below-average strikeout pitcher, Taillon has relied on excellent control and spin rates on his fastball and curve to limit damage, and he also doesn’t allow too much hard contact.  Perhaps most importantly given Taillon’s injury history, he has been healthy in 2022, which should make offseason suitors more open to giving him a longer-term contract.  For now, it seems probable that the Yankees would issue Taillon a QO rather than let him potentially walk away for nothing in free agency.

The idea of Anderson or Perez as QO candidates would’ve seemed quite farfetched heading into the season, yet the two veteran left-handers are each enjoying career years that resulted in All-Star appearances.  Their underwhelming career histories could prevent the Dodgers and Rangers from issuing qualifying offers, since either pitcher would likely take the big payday, and $19MM is a lot to invest in basically one season of evidence (even for a Dodgers team that is comfortable blowing past luxury tax thresholds).

However, it would certainly make sense for either club to pursue re-signings, even if a qualifying offer isn’t involved.  The Rangers have already been vocal about their desire to retain Perez, so it is quite possible he signs an extension before even hitting the open market.

Rangers Unlikely To Trade Martin Perez

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The Rangers sit seven games back in the Wild Card race, sporting a 42-49 record. While they’ve outscored opponents by seven runs on the year and have shown some signs of progress after back-to-back last place finishes, they’re unlikely to reach the postseason in 2022. Impending free agents on non-playoff teams are straightforward trade candidates at every trade deadline, making a Martín Pérez swap viable on paper.

However, both the left-hander and Texas general manager Chris Young have expressed a desire to extend their relationship beyond this season. Talks have not yet gotten underway, but the mutual interest in a long-term contract could keep the Rangers from flipping him to a contender. Evan Grant of the Dallas Morning News writes that Pérez is indeed “unlikely to be traded” this summer. Grant suggests the sides could delay the start of extension talks until after the August 2 trade deadline in recognition of the front office’s more pressing need to address other trade possibilities before circling back to try to hammer out an extension next month.

For the front office to forgo the opportunity to deal Pérez this summer before even opening extension talks with his representatives, they’d have to be confident in their ability to work out a long-term deal. Whether the qualifying offer system will remain in place is to be determined over the coming days — the union and league have until next Monday to agree on an international draft that would eliminate the QO — but Pérez would be a longshot QO candidate anyhow. While he’s fresh off a first career All-Star selection and owns a sparkling 2.68 ERA through 111 innings this season, he’d allowed more than four earned runs per nine in each season between 2014-21. He’s demonstrated strong control and induced lofty ground-ball rates, but he’s still missing bats and striking batters out at a lower than average rate.

If the club doesn’t (or is unable to) issue him a QO, Texas would run the risk of losing Pérez for nothing in free agency (barring some other form of draft compensation under a new system attached to the international draft). At the same time, the veteran hurler has gone on record a few times in recent weeks about his desire to stick in Arlington. It’s understandable if Young and president of baseball operations Jon Daniels are bullish on their chances of keeping him around beyond 2022.

It could be an interesting deadline in general for the Rangers, as if the intent is to keep Perez, they’re lacking in obvious trade candidates despite their record and long-shot playoff odds. Rental relievers like Matt Moore and Garrett Richards could be available — Richards has struggled of late but was quite sharp until his past two appearances — but the majority of the Texas roster seems likely to remain in place. If anything, given the team’s desire to push into a win-now mindset and return to contention as soon as 2023, the Rangers could look to gear up for that post-2022 run and add pieces that are controllable beyond the current season, much as they did over the winter when inking Corey Seager, Marcus Semien and Jon Gray to long-term deals.

No Extension Talks Yet Between Rangers, Martin Perez

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With less than two weeks until the trade deadline, the Rangers will have to make a decision on how to proceed with Martín Pérez. Signed to a one-year deal over the offseason, the left-hander is an impending free agent on a team that currently sits 7 1/2 games out of a playoff spot. That makes him a fairly obvious trade candidate, although both the hurler and Texas general manager Chris Young have expressed interest in working out an extension.

Pérez reiterated his interest when speaking with Robert Murray of FanSided, but he indicated that talks had yet to get underway. “We haven’t talked anything about an extension,” Pérez told Murray. “I signed with Texas again. That was my home for a long time. I feel great there. But I don’t know what their plans are. … I’d like to stay. It’s the same when you go back home and you always want to stay.”

As he suggested, Pérez is plenty familiar with the organization. He began his career as a Ranger, developing into one of the game’s top pitching prospects and reaching the majors for the first time in 2012. He spent six-plus seasons in Arlington before heading to Minnesota in advance of the 2019 campaign. After a year with the Twins and two seasons with the Red Sox, he returned to his original stomping grounds on a buy-low $4MM deal coming out of the lockout.

The Rangers have gotten well beyond their money’s worth on that pact. Pérez pitched his way to the All-Star Game for the first time, tossing 111 innings of 2.68 ERA ball through 18 starts. He hasn’t posted an ERA below 4.00 in any season since 2013, but he appears on his way to achieving that mark this year. That should draw him some attention from pitching-needy contenders over the next couple weeks, particularly given the underwhelming recent runs from some of the other rental arms available.

That said, it’s unlikely that rival teams will view Pérez as the middle or top of the rotation arm that sterling ERA would suggest. He owns a career-best strikeout percentage, but it’s still a couple ticks below average at 20.7%. This year’s 8.4% swinging strike rate isn’t much different than his marks of prior seasons. He’s inducing ground-balls at a greater than 51% clip, but he’s done so in years past without the same kind of run prevention success. Indeed, a minuscule 6.7% home run per fly ball rate looks to be a key catalyst for his better results. A pitcher’s home run rate tends to fluctuate, and clubs will surely be skeptical he can keep the ball in the yard at this extent.

It’s not fair to chalk Pérez’s better numbers up entirely to luck, however. He’s working with career-best control, only walking 6.6% of opponents. He’s also tweaked his repertoire, ramping up the usage of his sinker while scaling back a cutter that had been a particularly homer-prone offering last season. That change has been most dramatic against right-handed batters, who gave Pérez fits last season. After being tattooed at a .308/.368/.514 clip without the platoon advantage, he’s holding righties to a manageable .242/.302/.359 line in 2022. He’s gotten better results against lefty hitters as well, but his improvement against righties has been starker.

There aren’t many recent precedents for pitchers coming off seasons similar to the one Pérez is having. Between 2019-21, only five pitchers (minimum 100 innings) even posted an ERA under 4.00 with strikeout, walk and grounder rates in the realm of those Pérez has posted this season. Brett Anderson hit free agency after the 2019 campaign and signed a one-year, $5MM deal with the Brewers. Anderson, though, had a spottier durability track record than Pérez has had and had an even more extreme low-strikeout approach.

Wade Miley’s 2021 numbers — 3.36 ERA, 18.1% strikeout rate, 7.2% walk percentage, 49.3% ground-ball rate — are probably the closest recent parallel. Miley wasn’t a free agent last winter. He was, however, waived by the Reds and claimed by the Cubs, who promptly exercised a $10MM club option. That kind of annual salary could be a reasonable range for Pérez, but he and his representatives are likely to seek a multi-year deal. Miley’s salary came without the benefit of open market bidding, after all, and he’s playing this season at age 35. Pérez, on the other hand, won’t turn 32 until shortly before Opening Day in 2023.

Texas’ 2023 rotation outlook is largely unclear. Jon Gray will have one spot after signing a four-year deal last offseason. Dane Dunning looks like a serviceable back-of-the-rotation arm. The Rangers haven’t gotten much else beyond that duo and Pérez, with each of Taylor Hearn, Glenn Otto and Spencer Howard struggling mightily. The organization would love if top prospects Cole Winn and Jack Leiter proved ready for the majors early next year, but both righties are scuffling in the upper minors. For the Rangers to contend for a playoff spot next season, they’ll probably need to add at least one starter from outside the organization even if they re-sign Pérez.

Presumably, president of baseball operations Jon Daniels and Young will be in touch with the southpaw’s camp shortly. Assuming there’s truly mutual extension interest, it behooves the club to have an idea of the kind of contract that could be necessary to keep him off the free agent market before August 2. How far the gap is to be bridged in extension talks will surely play a role in the front office’s decision whether to shop him to contenders for the stretch run.

The Market For Rental Starters Is On Shaky Ground

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The starting pitchers that have received, and surely will continue to receive, the most attention in trade rumors are Luis Castillo, Frankie Montas and Tyler Mahle. It’s not surprising, given that they’re all quality pitchers, have been in rumors for a long time and are currently playing for obvious sellers. They also each come with an extra year of control, making them doubly enticing. Why add an exciting new pitcher for just one postseason push when you can do it for two? MLBTR recently ranked the trade candidates and placed them #4, 5 and 6, respectively.

However, with upwards of a dozen teams looking to bolster their pitching staffs in the coming weeks, not all of them will succeed in grabbing one of that trio. In fact, with their extra control, there’s no guarantee any of them will be traded. Montas and Mahle are both dealing with minor injuries right now, and though both are expected to be well enough to pitch before the deadline, there’s always the possibility of the injury getting worse and scuttling trade hopes. Regardless, some teams are going to have to look farther down the list of trade candidates, which is where things get murky.

The top 50 list linked above featured six starters who are set to reach free agency at the end of the year: José Quintana at #7, Martín Pérez at #12, Chad Kuhl at #17, Jordan Lyles at #18, Noah Syndergaard at #21 and Mike Clevinger at #38. (Lyles isn’t a rental in the strictest sense, as he has an $11MM club option for next year with a $1MM buyout. But since the odds seem to be against that getting picked up, I’ve included him here.) That makes them a little less desired on the market, but also means the acquisition cost should be lower. Although that list was published less than two weeks ago, the sand has already started to shift a bit under this market, and could potentially do so again in the weeks to come.

Quintana was having an excellent start to his season but has slipped recently. When he landed that #7 spot on the list a couple of weeks ago, he had a 3.33 ERA. However, he’s had two miserable starts since then, allowing four earned runs in 4 1/3 innings on July 1o, followed by six earned runs in five innings on July 15. His ERA has jumped up to 3.99 just from those two outings. Teams aren’t likely to radically alter their evaluation of a pitcher based on just two starts, especially with the latter taking place in Coors Field. But then again, Quintana’s strong first half was also a small sample, coming after a few years of ineffective work. He had a 4.68 ERA in 2019, then was limited to just ten innings in 2020 due to injury. Last year, he worked mostly as a reliever and put up a 6.43 ERA. He’s made 18 starts this year and two bad ones won’t completely undo the rest, but how much will a team value those 16 decent ones after years of mediocrity? Were those last two starts flukes or regression to the mean?

Pérez is in a similar boat, as he was out-pitching his track record in the early going but has come back down to earth of late. At the end of his start on June 5th, he had a 1.56 ERA but has a 4.54 since. He still has an excellent 2.68 mark on the season overall based on that strong start, but the recent rough patch raises questions. After eight straight seasons with an ERA between 4.38 and 6.22, has he suddenly turned a corner at the age of 31? Or was it a mirage that’s now fading from view? Either way, there’s also the extra complication that the Rangers might just hang onto Pérez and extend him.

Kuhl’s situation has some parallels as well, as he had a 3.17 ERA through his June 3 start but a 5.45 over his last seven outings. Further complicating matters is the fact that the Rockies seem to be leaning towards doing their thing that they do, holding onto obvious trade candidates and hoping to work out extensions. Last year, they didn’t trade Trevor Story, Jon Gray or C.J. Cron, despite all three heading towards free agency. They recouped a draft pick when Story rejected the qualifying offer and signed with the Red Sox, extended Cron but came up short in trying to hang onto Gray. This year, it seems like Kuhl might be this year’s Cron, as he’s apparently comfortable in Colorado and willing to stay beyond this season. Any team that wanted to acquire him would probably have to blow away the Rockies with an overpay.

As for Lyles, his situation has changed not so much because of his performance, but the rest of the team. When that list was published, the Orioles were 41-44. They were on a six-game win streak, but that seemed to be a flash in the pan of what would surely go down as another miserable season in Baltimore. Well, that six-game win streak eventually turned in a ten-gamer, and the O’s are now 46-46, just 2 1/2 games out of a playoff spot. Does that make them change their deadline approach? Perhaps, perhaps not. The odds of a postseason berth are still low, with FanGraphs giving them a 1.4% chance. But with excited fans turning out to Camden Yards for the first time in years, would the club still pull the plug on deadline selling? Lyles was just signed this offseason and isn’t a fan favorite like Trey Mancini. But with his 4.76 ERA, he’s not likely to bring back much more than a lottery ticket prospect anyway. Perhaps the O’s would be better served to just hang onto those innings and hope that 1.4% number grows.

Unlike the Orioles, the Angels have only dug themselves into a deeper hole. At the time MLBTR’s rankings came out, they were seven games out of a playoff spot, theoretically one hot streak away from jumping right back into the mix. However, they’ve unfortunately gone the other way, slipping to 10 1/2 back. That should only solidify Syndergaard as a guaranteed trade chip. But like many of the other pitchers highlighted here, he hasn’t been at his best lately. He had a 3.53 ERA through mid-June but a 5.01 over his last four starts. That’s a small sample, but he hasn’t looked like himself this season. After only throwing two innings over 2020-2021 due to Tommy John surgery and with his velocity down from his pre-surgery form, it’s fair to wonder if there might be some fatigue setting in.

Clevinger is a unique case, compared to the other names on this list. The Padres aren’t looking to sell because they’re not competitive, quite the opposite. It’s because they are competitive that they are looking to use their rotation surplus to create payroll space in order to upgrade elsewhere without going over the luxury tax. Moving Clevinger would be one way to do it, though his $5.75MM CBT hit is much less than Blake Snell’s $10MM. From San Diego’s perspective, moving Snell is probably preferable for the extra breathing space. A team could certainly try to work out a Clevinger deal, but you’d be competing with whatever teams are offering for Snell, as well as any other Clevinger suitors.

There are a few other names to consider, of course, but all come with similar question marks. Arizona’s Zach Davies is on the injured list with shoulder inflammation. Detroit’s Michael Pineda only recently returned from a broken finger and had his worst start of a generally underwhelming season just before the break. Mike Minor has an ERA north of 6.00 with the Reds.

All in all, there’s not a ton to bank on here. Any team that doesn’t pony up for Castillo, Montas or Mahle is going to be left with these options, all of whom come with question marks. There are other controllable starters who could be available, such as Oakland’s Paul Blackburn. But with three extra years of control, the A’s surely won’t just give him away. And he, too, has seen a downturn in performance over the last month (7.46 ERA over past five starts). We’re now less than two weeks until the August 2 trade deadline, so the remaining games for these pitchers will be magnified. With the expanded playoffs, there are still 17 teams that have at least a 29.7% chance to make the postseason, per FanGraphs. That has the potential for a situation with high demand and low supply in the days to come, bad news for those who need pitching but good news for those selling it.

Rangers, Martin Perez Have Mutual Interest In Extension

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Martin Perez emphatically told reporters late last month that he hoped to stay with the Rangers long-term (link via Evan Grant of the Dallas Morning News), and general manager Chris Young told Grant and others yesterday that the team is indeed open to the possibility of signing the veteran lefty to an extension (Twitter link).

Perez, who returned for a second stint with the Rangers on a one-year, $4MM deal over the winter, appears to be in the midst of the breakout season so many thought possible during his minor league days, when he was regarded as one of the top 30 prospects in all of baseball. It’s coming well later than anyone expected, at 31 years of age, but Perez has pitched to a brilliant 2.68 ERA with a career-high 20.7% strikeout rate, a career-low 6.6% walk rate and a 51.9% ground-ball rate that represents his highest mark since 2016.

Now an 11-year Major League veteran, Perez is throwing fewer four-seam fastballs than at any point in his career (6.6%) and has ramped up the usage of his sinker (37%) and changeup (27.7%) in its place. That changeup usage rate is a career-high, and his sinker usage is at its highest point since 2018. He’s also tamped down the use of the cutter he added with the Twins in 2019 but is still using it frequently as a third offering. His curveball, like his four-seamer, only makes a handful of appearances per start (5.1%). Perez has experimented with many pitch mixes throughout his career, but this is the most aggressively he’s ever leaned on the sinker/cutter/changeup trio, and the results are impressive.

The extent to which the Rangers are willing to spend to keep Perez beyond the current season isn’t yet known, but Perez made his feelings crystal clear in that late June interview, telling the Texas beat: “I want to be here and stay here, 100 percent. No — make it 300 percent.”

As things currently stand, righties Jon Gray and Dane Dunning are the only locks for the rotation beyond the current season. Texas is hopeful that touted prospects Jack Leiter and Cole Winn will emerge as high-end options sooner than later, but both have struggled considerably in the minors this season (Leiter in Double-A, Winn in Triple-A). Even if that pair were to right the ship and break through to the big leagues sometime in 2023, there’d still be room for a solid veteran of Perez’s caliber — and that’s obviously a best-case scenario that’s far from certain, given the volatility of pitching prospects.

Whether it’s a Perez extension or a trade that brings some controllable talent to Globe Life Field, Young expressed yesterday that the Rangers may not wait until the offseason to help solidify the 2023 rotation (Twitter link via The Athletic’s Levi Weaver). “I think that as we are building this and evaluating where we currently sit in the standings, and where we want to be this time next year, finding pieces both for the short term and potential fits beyond 2022 is how we’re approaching it,” Young said of the Rangers’ approach to the trade deadline.

The Rangers are currently five games below .500 at 41-46, which takes them completely out of the running in the American League West, where they trail the Astros by a massive 16.5-game deficit. They’re only four and a half back in the race for the American League’s third Wild Card spot, however, and Texas has played considerably better since a terrible start to the season. Following a 2-9 start to the season, they’ve gone 39-37 with a +25 run differential in that span.

Trade Rumors: Gallen, Bumgarner, Cano, Perez

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Despite rival teams’ interest in Zac Gallen, USA Today’s Bob Nightengale writes that the Diamondbacks right-hander is “not going anywhere.”  This isn’t the first time Gallen’s name has surfaced in trade rumors, and after an injury-marred 2021 season, Gallen has re-established himself with some very solid numbers this season.  Beyond just his ability, Gallen is also arbitration-controlled through the 2025 season, making it obvious both why other teams would want to acquire him, and why the D’Backs would want to keep him.  Though it is increasingly looking like the D’Backs will be sellers again at the deadline, the club has been resistant to moving cornerstone players and going into rebuild mode — Ketel Marte (another popular trade candidate) was even signed to an extension back in March.

One player the D’Backs “would love to move” is Madison Bumgarner, Nightengale notes, but that is a tougher sell to suitors.  After signing a five-year, $85MM deal with the Diamondbacks in December 2019, Bumgarner endured two rough seasons before bouncing back to more decent form thus far in 2022.  However, it will take more than just decent numbers for Arizona to entice another team into taking on even a decent-sized chunk of the approximately $48.4MM still owed to Bumgarner through the 2024 season.  Also, Bumgarner has a five-team no-trade clause, though the five teams on his current list aren’t known.

More trade buzz from around the league…

  • Also from Nightengale, Robinson Cano has been some getting some attention, as the veteran slugger tries to revive his career with the Padres’ Triple-A team.  Cano was suspended for the entire 2021 season and has posted only a .371 OPS over 77 plate appearances with the Padres and Mets this season, though he has been hitting well in the (batter-friendly) environment of Triple-A El Paso.  Since either the Padres or a new team would owe Cano only the prorated portion of a minimum salary if he made a big league roster, Cano could be an interesting trade chip for any team that wants to take a flier on the former All-Star.  From San Diego’s perspective, they probably wouldn’t expect much for Cano in return, or they could hypothetically include him as a part of a larger trade package.
  • Martin Perez makes some sense as a sell-high trade candidate for the Rangers, though both Evan Grant of the Dallas Morning News and ESPN.com’s Buster Olney feel it might be more likely that Texas keeps the veteran lefty and even looks to extend him into at least the 2023 season.  Perez is enjoying a career year, with a 2.34 ERA over an even 100 innings, and a generally positive set of advanced metrics indicating that his performance isn’t a fluke.  Perez has helped keep the Rangers on the outskirts of the wild card race, so if Texas can string together some wins in July, the team might not be selling at the deadline whatsoever.

Quick Hits: Canha, Escobar, Marte, Mets, Perez, Suarez

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Starling Marte, Mark Canha, and Eduardo Escobar are all playing well for the first-place Mets, making the team’s investment in the trio look like a canny move.  The New York Post’s Joel Sherman looks back at how the Mets added all three players during a frenzied span of around two days prior to the lockout, and how newly-hired GM Billy Eppler “emphasized on-base percentage, defense, versatility and players with strong reputations as good teammates,” with a particular focus on how well such free agents could adapt to Citi Field.  Sherman’s piece contains several interesting details about the Mets’ pursuit of the three players, as well as some other info on some of the other suitors.

The Rangers (another of the winter’s more aggressive teams) and Dodgers were interested in Canha, while “the Mets saw the Giants as a threat” due to Canha’s ties to the Bay Area.  As for Marte, New York was a relatively late entry into that chase, as agent Peter Greenberg said he met with roughly 20 other teams before touching base with the Mets, since Eppler wasn’t officially hired until midway through November.  However, the Mets made up plenty of ground by offering Marte a big four-year, $78MM contract that outpaced the other bidders.  “What stands out to me is that the Mets came in and in less than 24 hours we had a deal,” Greenberg said.

More from around baseball….

  • Martin Perez has been one of the surprises of the 2022 season, as the veteran lefty has an AL-best 1.56 ERA over 69 1/3 innings, plus a 54.7% grounder rate and just a single home run allowed.  With encouragement from Rangers coaches, Perez has re-established his sinker as a big part of his arsenal, Evan Grant of The Dallas Morning News writes, and Perez also took a tip from the legendary Pedro Martinez about throwing more pitches outside the strike zone, to induce more chases from batters.  The results speak for themselves, as Perez is having a career year at age 31, and setting himself up for a much more lucrative trip to free agent this winter.  After the Red Sox declined their club option on Perez last fall, he told Grant that the Pirates and Nationals each had interest prior to the lockout, but Perez instead chose to return to a familiar environment and signed with Texas for a one-year, $4MM pact in March.
  • The Padres placed right-hander Robert Suarez on the 15-day injured list due to right knee inflammation earlier this week, and manager Bob Melvin told reporters (including reps from 97.3 The Fan radio) that Suarez recently had surgery to remove “loose impediments.”  A specific recovery timeline isn’t known, but Suarez will miss “at least a couple of weeks before we see him back throwing.”  The 31-year-old rookie has been a solid performer out of San Diego’s bullpen this year, with Suarez contributing a 3.09 ERA and 30.9% strikeout rate over 23 1/3 innings, though with a high 13.8% walk rate.
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