AL Notes: Buxton, Correa, Lorenzen, Cortes
Byron Buxton was feeling discomfort in his hip as recently as Wednesday, and Betsy Helfand of the St. Paul Pioneer Press writes that this setback scuttled the Twins‘ plans for Buxton to begin a minor league rehab assignment this weekend. Right hip inflammation has kept Buxton on the injured list since the middle of August, depriving the Twins lineup of a big bat with 16 homers and a .275/.334/.528 slash line over 335 plate appearances. While Minnesota has dealt with a number of injuries this season, losing Buxton seems to have been a particular blow to the roster, as the Twins are only 6-14 over their last 20 games.
Reinforcements are needed, yet there’s no word on when either Buxton or Carlos Correa might be able to start a rehab assignment, as manager Rocco Baldelli told Helfand and other reporters today. Correa hasn’t played since July 12 due to plantar fasciitis in his right foot, and the shortstop has been feeling good while taking part in running drills. This is “some level of significant, but we still have a ways to go,” Baldelli said. “We’ll see if we can build on that and keep moving in a positive direction.”
Some other items from around the American League….
- While Minnesota is struggling, the Royals rebounded from a seven-game losing streak with a three-game sweep of the Twins this weekend. Kansas City is also getting healthier, as manager Matt Quartaro told MLB.com’s Anne Rogers and other reporters that Michael Lorenzen is slated to begin a minor league rehab assignment on Tuesday. Lorezen was placed on the 15-day IL on August 28 due to a left hamstring strain, so the right-hander looks like he shouldn’t miss much time beyond the 15-day minimum. Acquired from the Rangers in a deadline trade, Lorenzen had great results in his first five starts as a Royal, delivering a 1.85 ERA in 24 1/3 innings.
- The returns of Luis Gil and Clarke Schmidt gave the Yankees a rotation surplus, relegating Nestor Cortes to a relief role as a piggyback pitcher behind Schmidt on Saturday. “I’m never going to leave my teammates out to dry. You’re always going to get my best effort, no matter if I’m happy or not,” Cortes told ESPN and other media, yet the left-hander also made it clear that he was “upset” over the role change. “I felt like I’ve been, amongst all the starters, the workhorse here,” Cortes said. “Once [Gerrit] Cole went down, they picked me to be the Opening Day starter — not necessarily the No. 1, but the Opening Day starter. I had to switch my routine there. Now they do this.” After an injury-plagued 2023 season, Cortes has a 3.97 ERA over 163 1/3 innings this year, with an unimpressive set of Statcast metrics except for an excellent walk rate. Cortes will return to starting duty when the Yankees adopt a six-man staff for the next turn through the rotation, yet it remains to be seen how New York deploys Cortes, Cole, Gil, Schmidt, Carlos Rodon, and Marcus Stroman for the remainder of the regular season and into the playoffs.
Royals Place Michael Lorenzen On Injured List
The Royals have placed right-hander Michael Lorenzen on the 15-day injured list due to a strained left hamstring, per a team announcement. Righty Steven Cruz has been recalled from Triple-A Omaha in his place. Lorenzen sustained the injury yesterday when covering first base on a grounder.
Acquired in a deadline swap that sent lefty reliever Walter Pennington to the Rangers, Lorenzen has been a boon to the Kansas City rotation. In five starts, he’s pitched 24 1/3 innings of 1.85 ERA ball, striking out 17% of his opponents against a 10% walk rate. Metrics like FIP (4.20) and SIERA (5.11) aren’t nearly as bullish, given the righty’s pedestrian strikeout, walk and ground-ball rates.
Even if Lorenzen can’t be reasonably expected to continue producing a sub-2.00 ERA, the results thus far have been an unequivocal jolt for a team that had been struggling to get production from fifth starter Alec Marsh. Kansas City has won each of Lorenzen’s last three starts, and there’s little blame to be placed on him for the team’s loss in his Royals debut; he tossed 5 2/3 innings of one-run ball in a game the Royals eventually lost by a score of 6-5.
The Royals didn’t provide a timetable for Lorenzen’s return, but he’ll be down for at least two weeks. The aforementioned Marsh is the likeliest candidate to step back into the rotation in his stead. In 20 starts this season (plus one relief appearance), the 26-year-old Marsh has tossed 106 innings with a 4.67 earned run average.
Marsh’s 21.3% strikeout rate and 7.4% walk rate are both better than Lorenzen’s season-long marks between Texas and Kansas City, but he also faded significantly following a strong start to the season. Over his past eight trips to the mound, he’s been rocked for a 6.46 ERA and surrendered seven homers in 39 innings (1.62 HR/9). Marsh was sharp in four Triple-A starts this month after being optioned (1.80 ERA, 19-to-5 K/BB ratio in 15 innings), and the Royals will now need to hope for more of that type of output while Lorenzen mends.
As for the 25-year-old Cruz, this’ll be his first look with the Royals in 2024. He made his big league debut last year, pitching 12 2/3 innings with a 4.97 ERA and a 15-to-11 K/BB ratio in that short time. Kansas City acquired the hard-throwing righty in the 2022-23 offseason trade that sent Michael A. Taylor to the division-rival Twins. He’s pitched exclusively out of the Omaha bullpen this season and recorded a 3.35 ERA with a 26.6% strikeout rate and 11.1% walk rate in 48 1/3 innings. Cruz’s four-seamer has averaged 96.9 mph in Triple-A this season, and he’s primarily paired that pitch with a slider that sits at 89.4 mph.
Rangers Trade Michael Lorenzen To Royals
The Rangers announced Monday morning that they’ve traded right-hander Michael Lorenzen to the Royals in exchange for minor league lefty Walter Pennington. Jon Heyman of the New York Post reported shortly before the announcement that Kansas City had been showing interest in Lorenzen. Pennington is on the 40-man roster, so no corresponding moves were necessary.
A trade of Lorenzen isn’t a signal that the third-place Rangers are punting on their season. There’s been plenty of talk over the past couple weeks that with Max Scherzer, Dane Dunning, Tyler Mahle and eventually Jacob deGrom all getting healthy, Texas could move an arm from its current rotation. Lorenzen, playing on an affordable one-year contract and slated to become a free agent at season’s end, has stood as the most obvious of the bunch to change hands. With Lorenzen headed to Kansas City, the Rangers’ rotation will include Scherzer, Nathan Eovaldi, Jon Gray, Andrew Heaney and perhaps Dunning — although Mahle is on the cusp of wrapping up a minor league rehab assignment and could take that fifth spot.
Lorenzen, 32, has pitched 101 2/3 innings with the Rangers and turned in a very solid 3.81 earned run average, although the rest of his numbers aren’t as encouraging. Lorenzen’s 17.9% strikeout rate is well below the 22.3% league average, while his 11.5% walk rate is considerably higher than the 8.2% league average. He’s kept the ball on the ground at a nice 42.3% clip, but Lorenzen has also benefited from a .243 average on balls in play and 80.7% strand rate that are both considerably better than his career marks of .279 and 74.2%. Some regression on one or both is likely.
Even with some regression, however, Lorenzen is a solid enough back-end starter. This year’s numbers are a decent approximation of who he’s been since reaching free agency three years ago and pursuing a career as a starting pitcher after previously spending five seasons in the Reds’ bullpen. Lorenzen posted a 4.20 ERA, 18.9% strikeout rate and 8.8% walk rate in 250 2/3 innings between the Angels, Tigers and Phillies over the 2022-23 seasons. Add in this year’s work and he’s at a 4.09 ERA with strikeout and walk rates that are worse-than-average but not egregiously so.
That’s a good indication of what to expect moving forward for the Royals, and Lorenzen has shown some flashes of higher output at times. His first two starts following a trade to the Phillies last summer will always be memorable for Phils fans; he tossed eight innings of two-run ball in his team debut and followed it up with a no-hitter against the Nationals his next time out, in his home debut at Citizens Bank Park. However, Lorenzen faded down the stretch, as he was pushing to a career-high innings workload (and also tossed a career-high 124 pitches in that no-hitter). The Phils moved him to the bullpen late in the season.
Kansas City’s rotation is generally full, with Cole Ragans, Seth Lugo, Brady Singer, Michael Wacha and Alec Marsh representing a sound one through five. Marsh has been hit hard after a solid start to the season, however, yielding a 6.37 ERA over his past 10 starts. He’s had a few solid outings mixed in throughout that stretch, but since May 27 he’s given up at least three runs in eight of his 10 starts (and at least four in six of them).
Lorenzen could step into that rotation spot, perhaps pushing Marsh to the bullpen or even to Triple-A Omaha. Lorenzen has already pitched enough innings to boost his $4.5MM base salary to $5.5MM, and he’d earn bonuses of $300K, $350K, $400K and $450K for reaching 120, 140, 160 and 180 innings, respectively. The Royals could technically use Lorenzen in the bullpen — they just saw both John Schreiber and Hunter Harvey exit their most recent game due to injury — but that’d be somewhat of a surprising usage given that they traded a big league-ready reliever who’s in the midst of a terrific Triple-A season in order to acquire Lorenzen.
Pennington, 26, will join the Rangers and give them an immediate option out of the ‘pen. The Rangers haven’t been able to find a consistently effective lefty relief option this season, but Pennington could fit that bill. Undrafted in the shortened 2020 draft, the 6’2″, 205-pound southpaw signed out of the Colorado School of Mines — and earlier this season became just the second player from that school to ever reach the majors (and the first since Roy Hartzell back in 1906).
The Royals called Pennington up for a brief debut, but he threw just two-thirds of an inning before being sent back down to Omaha. He’s been lights-out with the Storm Chasers this season, pitching to a pristine 2.26 ERA with a 32.9% strikeout rate, an 8.3% walk rate and a 52.6% ground-ball rate in 59 2/3 frames. Pennington sits 92-93 mph with a sinker, 89-90 mph with his cutter and 83-85 mph with a slider, rounding out a trio of primary offerings. More than half of his pitches this year have been sliders, and he’s held both lefties and righties in check along the way, yielding near-identical batting lines of .198/.250/.286 (to righties) and .156/.262/.278 (to lefties).
Pennington is in the first of three minor league option years. He can’t reach a full year of big league service in 2024, meaning the Rangers will control him through the 2030 season at the very least (although future optional assignments could push that free agent trajectory back even further). He makes for a potential long-term option in the Texas bullpen — a nice pull for a rental starter whose spot in the rotation was in jeopardy given the sheer volume of veteran arms the Rangers have coming back from injury.
Latest On Rangers’ Deadline Plans
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
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
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
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…
- Shohei Ohtani of the Dodgers makes remarks about his former interpreter and the gambling investigation (1:20)
- The inner strife of the MLBPA seems to be fizzling out (14:35)
- We are discussing J.D. Martinez signing with the Mets when we are interrupted by… (18:30)
- Live breaking news of Jordan Montgomery agreeing to a deal with the Diamondbacks (20:25)
- Then we go back to Martinez and the Mets (25:00)
- Some more Montgomery and Diamondbacks talk (29:10)
- Rangers sign Michael Lorenzen instead of Montgomery (34:15)
- Wyatt Landford makes Opening Day roster with the Rangers but Jackson Holliday doesn’t make the Orioles (39:00)
- Rockies sign Ezequiel Tovar to an extension (45:10)
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!
- Mutiny In The MLBPA, Blake Snell Signs With The Giants And The Dylan Cease Trade – listen here
- Injured Pitchers, Brayan Bello’s Extension, Mookie Betts At Shortstop And J.D. Davis – listen here
- The Giants Sign Matt Chapman, Zack Wheeler’s Extension, And Blake Snell And Jordan Montgomery Remain – listen here
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
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
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
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.