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Latest On Rangers’ Deadline Plans

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The Rangers made their first move of the summer earlier this evening by dealing a pair of prospects to the Tigers in exchange for catcher Carson Kelly, who figures to replace Andrew Knizner in the club’s catching tandem alongside 2023 All-Star Jonah Heim. The move confirms that the reigning World Series champs won’t be full-blown sellers despite a lackluster 51-55 record that leaves them 4.5 games back of the Astros and Mariners in the AL West, but that doesn’t mean the club necessarily plans to buy exclusively in the coming days, either.

As noted by Joel Sherman of the New York Post in a report this evening, the Rangers are making right-hander Michael Lorenzen available on the trade market. The news comes after The Athletic’s Ken Rosenthal suggested that Lorenzen (as well as right-hander Jon Gray) could be made available prior to the deadline earlier this week. The 32-year-old Lorenzen has pitched solidly as a back-of-the-rotation option for Texas this year with a 3.87 ERA in 18 starts, though the veteran’s 5.26 FIP and 11.9% walk rate could be worrisome to prospective buyers.

In a sellers’ market starved for pitching options, it’s easy to imagine how a pitcher like Lorenzen who has plenty of experience both as a starter and as a reliever could be an attractive trade target even in spite of worrisome peripheral numbers. Meanwhile, dealing Lorenzen would allow the Rangers to recoup some long-term value for a pending free agent who could be forced out of his current role on the team by the impending returns of Tyler Mahle, Jacob deGrom, and Cody Bradford from injury.

That doesn’t mean that Lorenzen is a lock to be moved, however, as Jeff Wilson of Rangers Today writes that the Rangers could opt to take the right-hander off the market in the aftermath of Gray exiting his start today without throwing a pitch due to a groin injury. As noted by Shawn McFarland of the Dallas Morning News, Gray is set to undergo imaging to determine the severity of the issue. With none of Mahle, Bradford, nor deGrom likely to be ready to step into the club’s rotation just yet, a significant absence for Gray could complicate the club’s plans to deal Lorenzen by leaving them with only Nathan Eovaldi, Max Scherzer, and Andrew Heaney as active members of the starting rotation.

Wilson goes on to suggest, however, the Lorenzen isn’t the only name the club could consider shopping in the coming days. Wilson reports that first baseman Nathaniel Lowe’s “name has surfaced” as a potential trade chip for the Rangers this summer amid an excellent July that has boosted his overall season slash line to .266/.361/.390 (114 wRC+). While Lowe could certainly be a potentially valuable addition for certain teams, two of the most obvious suitors for a first baseman this deadline are the Rangers’ own division rivals in Houston and Seattle. Even in an age where intradivisional trading has become more common, its hard to imagine the Rangers helping either the Astros or Mariners improve in the short terms as they look to chase them down for the AL West title this year. Still, it’s possible the Rangers are able to find a suitor for Lowe’s services elsewhere, such as in Pittsburgh where the Pirates could look to upgrade over Rowdy Tellez at first base.

The loss of Lowe from the lineup would further weaken a beleaguered Rangers offense, but Wilson goes on to suggest that dealing Lowe could open up a spot in the club’s lineup for Rays first baseman Yandy Diaz. Diaz is currently on the restricted list due to an undisclosed personal matter, but the Rangers were connected to him earlier this week. Diaz has slashed just .272/.327/.400 (111 wRC+) this year following a slow start to the season but is just one year removed from a sixth-place finish in AL MVP voting with the Rays last season.

The 32-year-old is controllable through the 2026 season just like Lowe is, and it’s theoretically possible that the Rangers could look to upgrade first base while retaining the same amount of team control should they manage to land Diaz while shipping Lowe elsewhere. Alternatively, it’s certainly feasible that the club could retain both players and utilize one as their primary DH for the remainder of the 2024 campaign before looking to trade one this winter should the club decide to commit fully to buying this summer. Such a move would provide an undeniable boost to the Texas offense, which has gotten an MLB-worst 57 wRC+ from the DH spot in the lineup this year.

Latest On Rangers’ Rotation, Trade Possibilities

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The Rangers have patched together their rotation for much of the season as they anticipate the returns of veterans Max Scherzer, Tyler Mahle and Jacob deGrom. Scherzer has already returned. Mahle is set to make his fifth minor league rehab start today and should make his Rangers debut before long. It’ll be a bit longer before deGrom makes it back, but he tossed a 40-pitch bullpen just yesterday, per Jeff Wilson of RangersToday.com. Left-hander Cody Bradford is on a minor league rehab assignment and expected to return soon, though Evan Grant of the Dallas Morning News writes that he’ll work out of the bullpen upon his return. Texas reinstated righty Dane Dunning from the injured list earlier today, too. He’s in the ’pen for now but could move back to a starting role depending on how the next week goes.

What once was a starting pitching hodgepodge looks increasingly enviable. If Mahle is cleared to return after today’s start, he’ll join Scherzer, Nathan Eovaldi, Jon Gray, Michael Lorenzen, Andrew Heaney and Dunning as viable rotation options, with Bradford in the bullpen and deGrom looming on the horizon. That’s nine MLB-caliber starters, to say nothing of veteran starter Jose Ureña (who started six games but is in the bullpen presently).

With so many options suddenly at their fingertips, there’s been plenty of speculation about the Rangers trading from that stockpile of arms — even as they narrow the deficit in the postseason hunt. Texas has won four straight games. The Mariners have lost three straight. The Rangers now sit only three games back of the first-place Astros in the West and are just 5.5 games out in the Wild Card hunt. They’re not going to operate as a pure seller, but Ken Rosenthal of The Athletic suggests that Lorenzen or perhaps even Gray could be moved before Tuesday’s trade deadline.

Lorenzen, 32, signed with the Rangers on a one-year, $4.5MM deal in spring training. It was a bargain price for a veteran righty coming off a solid season, and he’s proven to be well worth the investment. He’s pitched 97 innings over the course of 17 starts and turned in a 3.53 ERA. Lorenzen’s 18.5% strikeout rate and 11.6% walk rate both leave plenty to be desired and point to some likely ERA regression, but he’s been precisely the type of veteran rotation stabilizer the Rangers hoped to be acquiring when signing him.

As of deadline day, Lorenzen will have just $1.5MM of that base salary yet to be paid out. He’s already picked up $800K of innings-based incentives and will get another $200K when he reaches 100 innings, likely in his next start. Assuming that comes with the Rangers — he’s their probable starter Saturday — a new team would be on the hook for the remaining portion of his base and additional incentives he’d unlock by reaching 120 innings ($300K), 140 innings ($350K), 160 innings ($400K) and 180 innings ($450K). He’s on pace to barely reach that final milestone.

At most, a team adding Lorenzen would pay around $1.5MM in base salary and an additional $1.5MM worth of incentives. If Lorenzen is pitching well enough to reach that 180-inning mark, it’d be considered money well spent. If nothing else, a budget-conscious team looking to add a stable starter (e.g. Twins, Guardians) could view Lorenzen as an affordable option.

Gray would be a more surprising trade candidate. He’s in the third season of a four-year, $56MM contract that’s paying $13MM both this year and next. Thus far, he’s posted 94 innings of 3.73 ERA ball on the season. While Gray’s 19.7% strikeout rate is the lowest of his career (aside from the shortened 2020 season), his 5.8% walk rate is a career-best mark. He’s still averaging 95 mph with his heater, while his opponents’ chase rate and swinging-strike rate are roughly in line with his 2022-23 marks.

Rosenthal also cites a pair of names the Rangers would prefer to hang onto even as they ponder trading from their rotation depth: Eovaldi and Heaney. The former is well on his way to vesting a $20MM player option for the 2025 season. That option would decrease his trade value — a new team would be stuck with the $20MM in the event of a major, post-trade injury. Beyond that, Eovaldi has been one of the team’s best arms this season, notching a 3.31 ERA, 24.6% strikeout rate and 6.1% walk rate in 106 innings. He’d likely be ticketed for their playoff rotation, should they get there. And, even if they don’t, the Rangers might simply hope Eovaldi stays healthy and enjoys pitching in his home state enough that he’d pick up that player option for the 2025 season.

As for Heaney, he’s turned things around after a shaky first season in Texas. The veteran southpaw boasts a 3.60 ERA, 23.5% strikeout rate and 6.8% walk rate in exactly 100 innings. He’s a free agent at season’s end, so one would imagine he’s an on-paper trade candidate in this scenario where Texas deals from its excess. However, the Rangers don’t have an established left-hander in their bullpen. Brock Burke was excellent in 2022 but took a step back in ’23 and was optioned earlier this season after being shelled through 9 2/3 innings. Rookie Jacob Latz has a solid 3.68 ERA in 36 2/3 innings, but he’s walked 13.5% of his opponents. Bradford could possibly fill that role, but he’s yet to return from a stress reaction in his ribcage.

Heaney has experience pitching both as a starter and reliever, including during his time with Texas. He’s throwing well right now but would likely be pushed out of a theoretical postseason rotation. In that setting, he could slide into the bullpen and match up against tough lefties and/or provide multiple innings in long relief.

Rangers Recall Cole Winn For MLB Debut, Place Cody Bradford On IL

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The Rangers announced a pair of roster moves this afternoon, placing left-hander Cody Bradford on the 15-day IL with a low-back strain and recalling right-hander Cole Winn to take his place on the active roster.

It’ll be Winn’s major league debut the first time he gets into a game. The 24-year-old righty was selected fifteenth overall by the Rangers in the first round of the 2018 draft and made some noise as a top-100 prospect following a dominant 2021 season that saw him pitch to a 2.41 ERA with a 32.2% strikeout rate in 21 starts split between the Double- and Triple-A levels of the minors. Unfortunately, Winn has struggled badly in the years since then. 2022 saw the right-hander post a whopping 6.51 ERA in 28 starts with the Rangers’ Triple-A affiliate spiked to an unwieldy 15.2%, prompting the club to move Winn to the bullpen during the 2023 season.

The move to multi-inning relief work did not bring an end to Winn’s struggles, as he posted a staggering 7.22 ERA in 101 innings of work last year. His peripheral numbers also got even worse, as his walk rate crept up to 16% while his strikeout rate plummeted to just 19.7%. Things haven’t looked much better for Winn so far this year, as he posted a 9.82 ERA in 7 2/3 innings during camp this spring and has allowed five runs (four earned) across his first four appearances at Triple-A this season. Despite the shaky results, Winn will nonetheless get the opportunity to pitch at the big league level, helping to provide depth to a bullpen that’s been leaned on for 40% of the club’s innings in recent days.

Making room for Winn on the active roster is Bradford, who heads to the injured list with a back strain following an excellent start to the 2024 season. The 26-year-old southpaw has pitched to a 1.40 ERA and a 2.47 FIP with 17 strikeouts in 19 1/3 innings of work across three starts so far this year, forming a formidable duo with veteran righty Nathan Eovaldi at the front of the club’s rotation to this point in the season. The Rangers will surely miss Bradford’s production while he’s on the IL, but Evan Grant of the Dallas Morning News indicates that his absence could be a relatively short one, with Bradford potentially only needing the minimum amount of time off. If that ends up being the case, Bradford would first be eligible to return on April 25, as today’s IL move was backdated to April 11.

In the meantime, however, Texas will need to look elsewhere to fill Bradford’s spot in the club’s starting rotation. Per MLB.com’s Kennedi Landry, that help will come in the form of right-hander Michael Lorenzen, who signed a one-year deal with the club last month and has been building up in the minors since then. Landry reports that Lorenzen is set to make his Rangers debut in a start tomorrow against the Tigers, for whom he pitched the first half of the 2023 season. Lorenzen’s time with Detroit wound up being something of a breakout for the right-hander, as he pitched to a 3.58 ERA (125 ERA+) with a 3.86 FIP in 18 starts with the club before being shipped to the Phillies ahead of last summer’s trade deadline.

MLBTR Podcast: A Live Reaction To The Jordan Montgomery Signing, Ohtani’s Interpreter, And J.D. Martinez Joins The Mets

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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 Steve Adams of MLB Trade Rumors to discuss…

Plus, we answer your questions, including…

  • Luis García Jr, Lance McCullers Jr, and Kendall Graveman of the Astros are likely out, at the very least, until mid-June.  How come none of these guys are on the 60-day injured list?  Do you seen the Astros moving them there and if so, when? (49:15)
  • Do you think it’s possible that the league begins to follow the Angels and Rangers footsteps and call up recent draft picks as soon as they show any signs of potential? Also, do you think it is at all possible that teams start to call up teenagers? (52:25)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Rangers Sign Michael Lorenzen

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March 22: The Rangers have now announced the signing. Right-hander Jacob deGrom was transferred to the 60-day injured list to open a spot on the 40-man roster.

March 20: The Rangers are in agreement with free agent starter Michael Lorenzen on a one-year, $4.5MM contract, reports Ken Rosenthal of the Athletic (X link). The deal, which is pending a physical, contains another $2.5MM in performance bonuses. Lorenzen is a client of CAA Sports.

Aside from Jordan Montgomery, Lorenzen was arguably the best starter still available. The right-hander had reportedly waited out the market in search of a multi-year pact. That evidently didn’t materialize, as he instead inks a one-year deal for the third straight offseason. After securing respective $6.75MM and $8.5MM contracts in the last two winters, he winds up taking a reduced rate for the 2024 season.

That’s certainly not what he’d been hoping for on the heels of the first All-Star nod of his career. Lorenzen appeared on his way to a two- or potentially three-year pact midway through the year. He turned in strong numbers over 18 starts with the Tigers, working to a 3.58 ERA across 105 2/3 innings. A sub-20% strikeout rate raised a question as to whether he could sustain that kind of run prevention, but he nevertheless was one of the better rental starters available at the deadline.

Detroit flipped Lorenzen to the Phillies for second base prospect Hao-Yu Lee. His initial two starts with the Phils couldn’t have gone better. He tossed eight innings of two-run ball in Miami during his team debut. In his first home appearance at Citizens Bank Park, he no-hit the Nationals. That he tossed 124 pitches in that game wasn’t ideal, but skipper Rob Thomson gave him the leeway to complete that historic outing.

Things quickly went downhill after that appearance. Nine days later, Lorenzen faced the same Washington lineup at Nationals Park. He was tagged for seven runs in 3 1/3 innings. That kicked off a stretch of six consecutive appearances in which he allowed at least four runs. That included a relief outing on September 19 in which Lorenzen retired one of seven batters faced against the Braves.

To his credit, Lorenzen finished the regular season with a trio of scoreless relief outings. He’d already fallen down the leverage hierarchy by that point though. The Phils used him just twice in their run to the NLCS. He worked 2 2/3 scoreless frames in mop-up situations during the postseason.

That Lorenzen moved to the bullpen wasn’t a surprise in itself. The Phils acknowledged at the time of his acquisition that they could eventually squeeze him out and go with a five-man staff of Zack Wheeler, Aaron Nola, Ranger Suárez, Taijuan Walker and Cristopher Sánchez. Yet there’s no denying the last six weeks didn’t go anywhere close to plan. He allowed 30 runs (27 earned) with an 18:15 strikeout-to-walk ratio over his last 30 1/3 innings.

Whether that finish was more a reflection of Lorenzen wearing down after the no-hitter or about his middling peripherals catching up to him, it was a sour conclusion to what was a solid season. His first 20 starts were strong enough that his overall line was right around league average. Lorenzen finished the year with a 4.18 ERA through a personal-high 153 innings. He’d posted a similar 4.24 mark over 97 2/3 frames with the Angels in 2022, his first season as a starter since his 2015 rookie campaign.

While last year’s 17.8% strikeout percentage and 9.4% swinging strike rate were each below average, he trimmed his walks to a modest 7.5% clip. He mixed five pitches, headlined by a four-seam fastball that sat a little above 94 MPH on average. Lorenzen’s aggregate production looked like that of a strike-throwing #4/5 starter. While that’s perhaps not the most exciting profile, it explains why his camp thought a multi-year deal should’ve been on the table. Within the past two offseasons, players like Drew Smyly ($19MM), Jordan Lyles ($17MM), and KBO returnee Erick Fedde ($15MM) secured two-year pacts.

It’s impossible to know whether that would’ve been attainable earlier in the offseason, but the market hasn’t been favorable for the players who remain unsigned deep into Spring Training. Lorenzen’s one-year deal trails those inked by Alex Wood ($8.5MM), Martín Pérez ($8MM), Jakob Junis ($7MM) and James Paxton ($7MM) earlier in the winter.

On the plus side, the 32-year-old gets an opportunity with a contender. He joins the defending World Series winners to help a rotation that’ll be without each of Max Scherzer, Tyler Mahle and Jacob deGrom for a couple months. Texas still has a solid front four of Nathan Eovaldi, Jon Gray, Dane Dunning and Andrew Heaney. Left-hander Cody Bradford struggled in a swing role last season but has pitched well this spring. GM Chris Young said last weekend that Bradford earned the fifth starter role, but it’s possible he’ll be nudged back into relief at some point.

Lorenzen might not be ready to step right into the Texas rotation. His extended free agent stay kept him from pitching competitively this spring. He has been throwing on his own, reportedly tossing 70 pitches earlier in the week, yet that’s not a perfect substitute for game action. Bradford may still take a turn or two through the rotation before moving to a swing role as the top depth option in case anyone ahead of him suffers an injury.

The signing pushes the team’s player payroll to the $224MM range, as calculated by RosterResource. They’re around $248MM in luxury tax commitments. Texas is set to pay the competitive balance tax for a second consecutive season. That means they’re taxed at a 30% rate on spending between $237MM and $257MM. Adding Lorenzen comes with another $1.35MM in CBT commitments, pushing the overall guarantee to roughly $5.85MM.

Image courtesy of USA Today Sports.

Yankees Still Looking To Add Starting Pitching

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The Yankees were frequently connected to Blake Snell while he was a free agent, but the lefty reportedly agreed to a two-year, $62MM deal with the Giants last night. Though Snell is off the board, the Yanks are still in the market for starting pitching, per Jon Heyman of The New York Post.

It’s understandable that the Yanks are still on the hunt for arms. They were often connected to Snell even before the recent news that ace Gerrit Cole is going to miss significant time due nerve inflammation and edema in his elbow.

Though the desire to add Snell seemed to be real, it appeared that the competitive balance tax was too much of an obstacle. The Yankees are set to be third-time payors of the tax and are already over the fourth and final threshold, meaning they face a 110% tax on any further spending. Snell didn’t find the long-term deal he was looking for, reportedly turning down a six-year, $150MM offer from the Yanks, and pivoted to a short-term pact with a high average annual value. Had the Yankees matched the $31MM AAV Snell got from the Giants, they would have had to pay $34.1MM in taxes as well.

That concern seemingly had them leaning towards a trade for Dylan Cease, since he’s still in his arbitration years and making just $8MM this year. But the Yanks missed out there as well, with Cease eventually getting shipped from the White Sox to the Padres. Heyman adds that they haven’t made much traction with other trade targets, such as Jesus Lúzardo of the Marlins.

But the need for reinforcements is apparent when looking at the rotation without Cole. Nestor Cortes went on the injured list due to a rotator cuff strain on two occasions last year and finished the season with a 4.97 ERA in 63 1/3 innings. Carlos Rodón dealt with a forearm strain and hamstring strain and posted a 6.85 ERA in his 64 1/3 innings. Marcus Stroman had a great first half but issues with his hip and rib cartilage pushed his ERA up to 3.95 by the end of the year.

Those three have each had much better results in the past but they are sort of wild cards now after their frustrating campaigns. Backing them up will be Clarke Schmidt, who had a 4.64 ERA last year. There would still be one spot open, with pitchers like Luke Weaver, Luis Gil, Clayton Beeter and Will Warren potential options. Weaver has finished three of the last four seasons with an ERA of 6.40 or higher. Gil underwent Tommy John surgery in May of 2022 and missed most of the last two years. Neither Beeter nor Warren have made their major league debuts yet.

The Yankees will understandably be open to upgrading that group, especially for a season in which they are clearly committed to winning. They sent five players to the Padres to get one season of Juan Soto, and two of Trent Grisham, and will pay Soto $31MM plus taxes in the process.

Opening Day is next Thursday but the club still has options, with various pitchers still unsigned thanks to this slow offseason. The club has been connected to pitchers like Michael Lorenzen and Jordan Montgomery, both of whom remain unsigned. Free agency also features guys like Mike Clevinger, Johnny Cueto and Noah Syndergaard. Earlier this month, reporting suggested Montgomery was still holding out for a seven-year deal but the other guys won’t require significant expenditures to sign.

With the start of the season so near, there would naturally be concern about a pitcher getting stretched out after missing so much of Spring Training. It seems Lorenzen has been getting himself ready on his own, per Ken Rosenthal of The Athletic, who relays footage from Lorenzen’s agent of the righty throwing. Rosenthal reports that the righty recently threw 70 innings, getting up and down four times. He would likely still require some official game action but it doesn’t seem as though he would require a traditional six-week ramping up period.

Lorenzen has reportedly been seeking a two-year deal while also receiving interest from clubs like the White Sox and Mets.

Latest On Michael Lorenzen’s Market

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With Opening Day less than two weeks off, Michael Lorenzen stands as arguably the #3 starting pitcher on the free agent market. The White Sox and Yankees have reportedly shown recent interest in the 32-year-old righty, but he evidently has yet to find a deal to his liking.

Jon Heyman of the New York Post reports that Lorenzen has declined contract offers in the $5-7MM range. It’s not clear which teams made those proposals or how recently Lorenzen’s camp passed. The Athletic’s Ken Rosenthal reported last week that the 6’3″ hurler had been holding out for a two-year pact.

It’s therefore not surprising that Lorenzen turned down what were presumably one-year offers at fairly modest salaries. He’s coming off his first All-Star nod and tallied a career-high 153 innings between the Tigers and Phillies last season. He looked on his way to a strong multi-year pact by the middle of August. After no-hitting the Nationals on August 9, he carried a 3.23 ERA in 20 starts. Lorenzen was never likely to maintain that kind of run prevention unless he improved upon a modest 19.4% strikeout rate, but few would have anticipated how badly his final six weeks would go.

Lorenzen allowed 30 runs (27 earned) in his final 30 1/3 frames. His already modest strikeout percentage dropped another seven points, while his previously strong walk rate jumped to 10.3%. The Phillies moved him to relief at the end of the regular season and didn’t lean heavily on him during the playoffs. That poor finish has seemingly led to a disconnect between how teams project Lorenzen and the kind of contract he expected to command heading into the winter.

Despite the rough conclusion, Lorenzen’s season ERA sat at a respectable 4.18 in 29 outings. His camp presumably viewed recent two-year guarantees inked by the likes of Ross Stripling ($25MM), Drew Smyly ($19MM), Jordan Lyles ($17MM) and KBO returnee Erick Fedde ($15MM) as comparison points. Innings eaters Kyle Gibson ($13MM) and Lance Lynn ($11MM) signed one-year pacts early this offseason that pushed past eight figures.

The offers which Lorenzen declined value him below those other pitchers. As shown on MLBTR’s Contract Tracker, five starting pitchers have signed one-year guarantees between $3MM and $9MM this offseason. Each of Wade Miley, Alex Wood, Martín Pérez, James Paxton and Jakob Junis landed in the $7MM – $8.5MM range.

Lorenzen himself has fallen in that category in each of his previous two free agent trips. He signed for $6.75MM with the Angels over the 2021-22 offseason. Last year, he inked an $8.5MM deal with the Tigers. Lorenzen has sought to move past that tier on the heels of a stronger platform season than the ones that preceded his last two free agent stints. It’s not known if that might’ve been achievable earlier in the offseason, but it seems he’s facing a tight market as many teams are at or near the payroll with which they’re willing to open the season.

Yankees Interested In Michael Lorenzen

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The Yankees have “checked in” on free agent right-hander Michael Lorenzen, reports Jon Heyman of The New York Post. The righty’s market may be heating up with just two weeks to go until Opening Day, as he was also connected to the White Sox yesterday.

The Yankees were already in the market for starting pitching, having been connected to Blake Snell and Jordan Montgomery throughout the winter. Their need for rotation help only grew this week when ace Gerrit Cole was sidelined by an elbow issue. Cole and the Yankees are still gathering information but it seems like he will miss a month or two of the season even in a best-case scenario.

Whether Cole is ultimately destined for a brief or a lengthy absence, it’s a huge blow to the club’s rotation. Up until this issue popped up, he was the rocksteady leader of an otherwise shaky group. Carlos Rodón, Nestor Cortes and Marcus Stroman all battled injuries last year to varying extents.

Stroman was having a great year prior to his injury woes, as he had a 2.96 ERA at the All-Star break, but hip and rib cartilage injuries led to diminished results and missed time, as he finished the year with a 3.95 ERA in 136 2/3 innings. Rodón and Cortes ended up having fairly similar years in terms of limited innings and poor results. Rodón battled a forearm strain and hamstring strain as he posted a 6.85 ERA in 64 1/3 frames. Cortes twice went on the IL due to a rotator cuff strain in his left shoulder and finished the campaign with a 4.97 ERA in 63 1/3 innings.

There’s tons of bounceback potential in that trio, as Stroman has a 3.65 ERA in his career while having reached 179 innings four times in his career. Rodón was an ace over 2021 and 2022, posting a 2.67 ERA in 310 2/3 innings in that time. Cortes had a 2.61 ERA in that same two-year stretch, though in a lesser workload of 251 2/3 innings.

If all three are able to get back to their previous forms, the rotation could be in good shape without Cole, but that’s a lot for the Yanks to gamble on. They are heavily committed to competing in 2024, as they gave up five players to get one year of Juan Soto. They also got Trent Grisham from the Padres in that deal, but Soto’s 2024 season was obviously the highlight for them. In addition to the talent they gave up, they are paying Soto a $31MM salary, plus the taxes incurred as a third-time payor of the competitive balance tax.

Even in an ideal situation where Stroman, Rodón and Cortes are all in good form, there’s still the back end of the rotation to think about. Clarke Schmidt will likely be taking one spot after he put up a 4.64 ERA last year. That’s probably fine for a #5 guy but the fact that the Yankees have been consistently connected to free agents suggests they would prefer to knock Schmidt down to #6, but he’s instead been bumped up to #4 for as long as Cole is out.

Current options to take a spot behind Schmidt would include Luke Weaver, Clayton Beeter, Luis Gil, Yoendrys Gómez or Will Warren. Weaver has posted an ERA of 6.40 or higher in three of the past four seasons. Gil missed most of the past two seasons due to Tommy John surgery. Gómez has literally two innings of MLB experience while Beeter and Warren have none.

It’s a less than ideal group and it’s understandable that the club is interested in bolstering it. They’ve long been connected to marquee free agents like Snell and Montgomery but signing either of those guys would be especially costly. The Yanks are above the fourth and final tier of the CBT and are set to be a third-time payor, meaning any additional spending comes with a 110% tax bill. Even if Snell or Montgomery could be talked down to a $20MM annual salary at this late stage of the offseason, the Yanks would be looking at paying $22MM in taxes on top of that this year.

That situation would be lessened with Lorenzen, as he has a far more limited track record as a starter than those two. The Reds kept him in relief for most of his career but he sought out a return to starting when he reached free agency ahead of the 2022 season. He signed a one-year, $6.75MM deal with the Angels and was able to toss 97 2/3 innings, missing a couple of months with a shoulder strain and finishing the year with a 4.24 ERA.

It wasn’t an elite performance but he held his own and pushed up his annual workload. He then signed an $8.5MM deal with the Tigers for 2023 and took another step forward. He logged 105 2/3 innings with Detroit over 18 starts, with a 3.58 ERA in that time. He was traded to the Phillies and his first two starts for his new club were excellent. He allowed two earned runs over eight innings against the Marlins and then followed that up with a no-hitter against the Nationals.

He tossed 124 pitches in that no-hitter and seemed to break down after that. He was sporting a 3.23 ERA at that time but then allowed 27 earned runs in 30 1/3 innings the rest of the way, getting bumped to the bullpen in the process.

His 4.18 ERA on the year might not look amazing but it’s possible he ran out of gas after pushing himself further than he had gone before. Even if his true talent is a mid-4.00 ERA guy, that can be useful for the Yankees this year. Cole may be back in a few months but other injuries are inevitable and Lorenzen would improve the depth by pushing everyone down a peg.

It was reported last week that Lorenzen was holding out for a two-year deal that hasn’t yet materialized. Whether he can get that pact or ultimately has to settle for a one-year deal, he’ll be looking at a lesser salary than Snell or Lorenzen and the Yankees would have less to worry about in terms of taxes. A hypothetical $10MM salary, just as an example, would lead to $11MM in taxes. That’s still $21MM for a backend starter but it’s perhaps preferable to committing far more money and many more years for someone like Snell or Montgomery.

The Yankees were reportedly leaning towards acquiring Dylan Cease in the wake of Cole’s injury, as Cease’s $8MM salary would be far more palatable to them than the Snell/Montgomery duo, but Cease was traded to the Padres yesterday. There are some theoretical trade candidates still out there, such as Shane Bieber of the Guardians and Jesús Luzardo of the Marlins. However, both the Guards and the Fish are dealing with significant rotation injuries and may be less inclined to further subtract from their pitching staffs at the moment.

Lorenzen has received interest from the Mets, Angels, Twins, Padres and Orioles at various points this offseason, but he remains unattached now in mid-March. The Sox trading Cease seems to have given them some interest in signing Lorenzen to replace his innings, in addition to the Yankees sniffing around due to Cole’s situation. The regular season starts next week with the Seoul Series featuring the Dodgers and Padres but the rest of the league starts the season on March 28, two weeks from today.

White Sox Showing Interest In Michael Lorenzen

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The White Sox have interest in free agent starter Michael Lorenzen, reports Ken Rosenthal of the Athletic. The right-hander is arguably the third-best pitcher still on the open market behind Blake Snell and Jordan Montgomery.

Chicago’s link to Lorenzen comes at a time when trade speculation around staff ace Dylan Cease has been rekindled. USA Today’s Bob Nightengale reported on Tuesday afternoon that the Yankees made a new offer for Cease. Not long after, Evan Grant of the Dallas Morning News and Rosenthal separately indicated the Rangers had interest.

It’s not clear if the Sox’s interest in Lorenzen is strictly contingent on a Cease trade. Yet dealing their projected Opening Day starter would leave Chicago looking for innings, if nothing else. Cease tallied a team-high 177 frames over 33 starts a year ago. He has taken a full series of turns through the rotation in each of the past four seasons. Moving a pitcher with that kind of reliability just weeks before Opening Day could leave the coaching staff struggling to piece together innings.

That’s particularly true given the rotation uncertainty behind Cease. KBO returnee Erick Fedde will occupy a spot in the rotation. The Sox will probably give a rebound opportunity to Michael Kopech, who allowed a 5.43 ERA over 30 appearances last season.

Michael Soroka hasn’t logged an MLB rotation workload in five years, largely on account of two Achilles tears. Chris Flexen allowed 6.86 earned runs per nine a year ago. Jared Shuster had an ERA approaching 6.00 over his first 11 big league starts. Touki Toussaint is better suited for a relief role. Rule 5 pick Shane Drohan will start the year on the injured list, while depth starter Jesse Scholtens underwent Tommy John surgery last month. Garrett Crochet is battling for a rotation spot but would be on an innings limit if he secures a starting job.

Even if the Sox held Cease and signed Lorenzen, they’d be unlikely to have an average rotation. Lorenzen would at least raise the floor and mitigate some concerns the Sox could have about getting through a full season, though. He tossed a career-high 153 frames between the Tigers and Phillies last year. His 4.18 ERA was right around league average but belies a season of extreme peaks and valleys.

Lorenzen earned an All-Star nod with Detroit. He pitched to a 3.58 ERA through 18 starts as a Tiger before being dealt to Philadelphia at the deadline. His first two outings as a Phillie were brilliant, highlighted by a no-hitter against the Nationals on August 9. After that point, he was among the least effective pitchers in the majors. Lorenzen allowed an 8.01 ERA over his last nine appearances. The Phils kicked him to relief and only called upon him twice in the postseason.

It’s possible he wore down as he neared the end of his first full, healthy season as a starting pitcher. That presumably played a role in the extent of his dismal finish, although he never looked likely to sustain the low-3.00s ERA he carried into the middle of August. During his successful run in Detroit, Lorenzen didn’t miss many bats or induce ground-balls at a particularly high clip.

The poor finish has apparently held up his market. Rosenthal reported last week that Lorenzen continued to hold out in search of a two-year contract. He has played the past two seasons on successive one-year guarantees valued at $6.75MM and $8.5MM, respectively. Cease is slated for an $8MM salary for the upcoming season. If signing Lorenzen were conditional on a Cease trade, it’d probably be around neutral from a financial perspective — particularly if Lorenzen does move off his ask for a two-year pact.

Michael Lorenzen Reportedly Seeking Two-Year Deal

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With spring training fully underway, right-hander Michael Lorenzen remains unsigned and in search of a new club for the upcoming 2024 season. Ken Rosenthal of The Athletic reports that the 32-year-old righty has been searching for a two-year contract and is continuing to focus his efforts on landing a multi-year pact.

After a lengthy run as a setup man in the Reds’ bullpen, Lorenzen has signed one-year deals to work as a starter in each of the past two offseasons. He landed with the Angels on a $6.75MM deal in 2022 and pitched for the Tigers on an $8.5MM deal in 2023. After pitching a career-high 153 innings in 2023 and making his first All-Star team, it seems Lorenzen is prioritizing a multi-year pact so as to avoid yet another swift return to the market. That’s only natural, but at this stage of the winter, it’s far from a lock that one will present itself.

[Related: Let’s find a home for Michael Lorenzen]

Lorenzen started 25 games and made four relief appearances last season. He carried a 4.03 ERA through 87 innings into the All-Star break and was named the Tigers’ lone All-Star representative. His second half began with an otherworldly hot streak, and Lorenzen was flipped from Detroit to Philadelphia along the way, scarcely missing a beat early in his Phillies stint following the trade.

From July 6 through Aug. 9, Lorenzen piled up 40 2/3 innings with a 1.11 ERA and strong 31-to-12 K/BB ratio. He capped off his stellar run with an eight-inning, two-run gem against the Marlins and a 124-pitch no-hitter against the Nationals in his first start at Philadelphia’s Citizens Bank Park. That dropped his season-long ERA to a tidy 3.23, and while Lorenzen’s pedestrian 19.4% strikeout rate and tiny .244 average on balls in play didn’t fully support the extent of his success, he still looked well on his way to a possible multi-year deal in free agency.

His season took a sharp downturn from there. Perhaps wearing down as he pushed into uncharted territory in terms of workload, Lorenzen was rocked for 27 runs over his next 26 1/3 innings. The Phillies moved him to the bullpen in September, and although he finished with a handful of scoreless relief outings, Lorenzen’s 4.18 ERA was a far sight higher than it was at peak levels. His 17.8% strikeout rate was well shy of the league average, while his 7.5% walk rate and 41% grounder rate were closer to par among starters. But Lorenzen’s lack of whiffs, solid-but-not-elite command and susceptibility to home runs caused fielding-independent metrics to cast a far more bearish outlook on his season overall (4.46 FIP, 4.87 SIERA).

Lorenzen and his camp could perhaps make the claim to teams that he wore down or that his late-season struggles were fluky in nature, but teams could surely make similar claims that his torrid run from mid-July to mid-August doesn’t accurately represent his ability either. A two-year deal with a modest bump in AAV has always seemed plausible, though. MLBTR predicted a two-year, $22MM deal back in November. Just last offseason, we saw Ross Stripling ($25MM), Sean Manaea ($25MM), Drew Smyly ($19MM) and Jordan Lyles ($17MM) all sign two-year guarantees at or north of Lorenzen’s 2023 salary level — the first three with opt-outs included.

It’s plenty understandable if Lorenzen entered free agency thinking such a deal generally represented a floor of sorts for him. Perhaps early in the offseason, such offers would’ve been more attainable. Now, it’s increasingly difficult to convince teams to dole out guaranteed money on multi-year deals, particularly for starting pitchers who might not be able to fully build up in the remaining three and a half weeks of camp.

One thing that could yet help Lorenzen find a deal to his liking is the mounting slate of pitching injuries around the league as camps progress. The Red Sox may have lost their marquee offseason pickup, Lucas Giolito, for the season already. Giants fifth starter Tristan Beck won’t throw for eight weeks, and one of their top depth options is dealing with an elbow sprain. The Cardinals and Astros will begin the season with their would-be Opening Day starters on the injured list. The Blue Jays and Marlins are both dealing with possible injuries to notable starters.

Any one of those issues could cause the market for Lorenzen to pick up steam, but the longer he waits to sign, the more likely it is that he’ll need some minor league starts to ramp up before joining a big league rotation. We’re not necessarily to that point on the schedule just yet, but it’s getting close.

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