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Previewing Upcoming Qualifying Offer Decisions: Pitchers

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The World Series will be completed in less than a week, which means the offseason is imminent. Almost right away, some key decisions will have to be made. Within five days of the World Series ending, contract options will need to be either exercised or declined and clubs will also have to choose whether or not to issue qualifying offers to eligible players.

A player is eligible for a qualifying offer if they have never received a QO before and spent the entire season with the same club. The value of the QO changes annually, calculated by taking the average salary of the 125 highest-paid players in the league. That means it generally rises as salaries increase over time, with this year’s QO expected to land around $20.5MM. If a player receives and rejects a qualifying offer, he becomes a free agent. If he then signs elsewhere, the signing team is subject to draft pick forfeiture and possibly other penalties, while their previous club receives draft pick compensation.

MLBTR is taking a look at the candidates, with one post focusing on the position players and this one looking at the pitchers.

No-Doubters

These five are slam dunks to receive and reject the qualifying offer. Ohtani won’t pitch in 2024 after undergoing elbow surgery, but he is still expected to hit and will perhaps return to the mound in 2025. As one of the best hitters in baseball and the potential for two-way contributions down the road, he’s in line for a record-setting contract. Nola is coming off a down season relative to his own standards but has an excellent track record that will put him in line for a nine-figure deal even with the QO attached. Gray’s total earning power will be capped somewhat by the fact that he turns 34 in a week but his excellent work in 2023 should be able to get him a new deal around $20MM per year over multiple seasons. Snell just wrapped up an excellent campaign, finishing with a 2.25 ERA that could see him net a second career Cy Young award. That sets him up for a huge payday even after rejecting the QO. Hader has been one of the best relievers in the game for a long time and could challenge Edwin Díaz for the biggest contract ever for a reliever.

Special Case

Kershaw has been eligible for a qualifying offer in each of the past two offseasons but didn’t receive one. That wasn’t a reflection of his performance but a sign of respect. In each case, Kershaw went into the winter not knowing if he wanted to come back to the Dodgers, jump to his hometown Rangers or retire. The Dodgers decided both times not to issue him the QO so that he wouldn’t have to make a rushed decision at the beginning of the offseason. Since Kershaw is once again undecided on his future, it seems fair to expect that the Dodgers will decline to extend the QO, though Kershaw would warrant one in a vacuum.

Possible Candidates

Lugo spent most of his career working out of the bullpen but hit free agency a year ago and drew plenty of interest as a starter. The Padres eventually brought him aboard via a two-year deal with a $15MM guarantee and incentives, as well as an opt-out after the first season.

The righty made the most of the opportunity, making 26 starts and logging 146 1/3 innings with a 3.57 earned run average. He stuck out 23.2% of batters faced, walked 6% and kept the ball on the ground at a 45.2% clip. There were some concerns about Lugo’s ability to hold up over a full season, both since he hadn’t had that kind of workload before and because he had a slight tear of his UCL in 2017 that wasn’t surgically addressed. But in 2023, Lugo made just one trip to the injured list, missing just over a month due to a calf strain.

Now that Lugo has proof of concept as a starter, he should have greater earning power than he did a year ago, even though he’s about to turn 34. Turning down the one year and $7.5MM left on his deal should be an easy call, but then the Padres will have a more difficult choice. It would be hard for Lugo to turn down a 2024 salary more than twice what he made in the prior season, so there would be a decent chance he accepts a QO. With the club reportedly looking to cut payroll, they may not want to take that chance.

Maeda has had his ups and downs in recent years but is heading into free agency with some momentum. He posted a 2.70 ERA in 2020 but then that figure jumped to 4.66 in 2021 before he underwent internal brace surgery on his elbow. He missed all of 2022 and then struggled early in 2023. In his fourth start of the season, he was shelled by the Yankees, allowing 10 earned runs in three innings. He was then placed on the injured list with a triceps strain while sporting an ERA of 9.00 for the year.

But after getting healthy, his results were much better. He was activated from the IL in late June and made 17 more appearances the rest of the way. He tossed 88 1/3 innings with a 3.36 ERA, 29% strikeout rate and 7% walk rate. Though his ERA for the whole year finished at 4.23, it seems fair to conclude that the early-season injury inflated that number.

The righty has never had a massive salary locked in. When he initially came over from Japan, the Dodgers signed him to an incentive-laden deal that guaranteed him $25MM over eight years. That came in the form of a $1MM signing bonus, $3MM salary each year and $6.5MM in incentives available each season based on games started and innings pitched. If he suddenly had a $20.5MM guarantee in front of him for his age-36 season, that would likely be very tempting.

The Twins aren’t one of the top payroll teams under normal circumstances and may need to cut back spending due to uncertainty around their TV revenues. They may not want to blow a huge chunk of their budget right at the beginning of the offseason, especially when their rotation is already in decent shape with Pablo López, Joe Ryan, Bailey Ober, Chris Paddack and Louie Varland currently pencilled in.

Wacha had some strong seasons earlier in his career with the Cardinals, but injuries became an issue more recently. He settled for a $3MM guarantee while joining the Mets for 2020, then was limited to 34 mediocre innings in the shortened season. The Rays took a shot on him in 2021 with another $3MM guarantee and he stayed healthy enough to log 124 2/3 innings with a 5.05 ERA. That relatively healthy campaign was enough to get him a one-year, $7MM deal with the Red Sox for 2022, and he then tossed 127 1/3 innings for that club with a 3.23 ERA.

He lingered on the open market for a while last offseason but eventually landed a four-year, $26MM guarantee from the Padres with a layered option structure. After the 2023 World Series, the Friars will have to decide whether or not to trigger two $16MM club options for 2024 and 2025, effectively a two-year, $32MM deal. If they decline, Wacha has a $6.5MM player option for 2024 and then $6MM player options for 2025 and 2026.

The righty is coming off another decent season. Though his shoulder landed him on the IL this year, just as it had in 2022 and 2020, he was able to make 24 starts and throw 134 1/3 innings with a 3.22 ERA. His 22.4% strikeout rate and 7.8% walk rate were both close to league average, though he may have benefitted from a .266 batting average on balls in play and 79.7% strand rate. His 3.89 FIP and 4.43 SIERA suggest his ERA might not be wholly sustainable.

As mentioned in the Lugo section above, the Padres are facing a budget crunch. Though they are likely pleased with Wacha’s results in 2023, would they want to give him a pay raise by triggering that option? If they pass on that, Wacha would likely turn down his player option and return to free agency. He would be eligible for a qualifying offer at that point, which would be a higher salary than the club option but on a shorter commitment. The Padres effectively have to decide between 1/20 or 2/32 or simply letting Wacha walk.

Long Shot

Some fans of the Yankees might shudder at the thought of the club bringing back Montas at a higher salary, but it’s not a completely crazy idea. Though he was hurt or ineffective from the moment he donned pinstripes, he’s not too far removed from some strong results. From 2019 to 2021, he posted an ERA of 3.51 over 336 innings pitched. In that time, he struck out 26.3% of batters faced, issued walks at a 7.3% clip and kept 43.7% of batted balls on the ground. Among pitchers with at least 300 innings pitched in that time, that ERA ranked him 21st in the majors. Even in 2022, prior to the infamous trade, he was still quite good. He registered an ERA of 3.18 in his 19 starts for the A’s that year.

Players returning from injury absences can often still find themselves big salaries on short-term deals. Noah Syndergaard got one year and $21MM from the Angels after missing most of 2020 and 2021 rehabbing from Tommy John surgery. Corey Kluber got $11MM from the Yankees even though he was 35 years old and made just eight appearances over the two previous campaigns. James Paxton got $10MM from the Red Sox under similar circumstances.

The Yankees have a couple of long-term contracts in their rotation with Gerrit Cole and Carlos Rodón. The latter hasn’t worked out well so far, with Rodón injured for much of 2023. The club needs rotation reinforcements with Michael King, Clarke Schmidt and Nestor Cortes pencilled into the back end, each of whom comes with some question marks. They could add another marquee free agent, but maybe they’d prefer to take a short-term flier on a player they have obviously liked for a long time, giving up four prospects to acquire him and Lou Trivino just over a year ago. They then agreed to a $7.5MM arbitration salary for 2023 even as questions about his shoulder lingered.

Though there’s an argument for the possibility, it ultimately seems like the odds are against this happening. The Montas trade has gone so poorly, both from an on-field perspective and a PR one, that it’s hard to envision the club doubling down. If Montas doesn’t receive the QO, he will likely be fielding one-year offers slightly below the $20.5MM salary range.

Ineligible

As mentioned up top, players are only eligible to receive the qualifying offer if they haven’t received one previously and also spent the entire year with just one MLB club. Rodriguez and Stroman, who can each opt out of their respective contracts, have each been issued a QO earlier in their career. Flaherty, Giolito and Montgomery were all traded midseason, which makes them ineligible as well. Players coming from other leagues aren’t eligible either, so Yamamoto and Imanaga won’t have the QO in play. For each of these pitchers, the lack of a QO helps their earning power since clubs won’t have to forfeit any draft picks to sign them.

MLBTR Poll: Michael Wacha’s Option

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Among last winter’s notable free agents, few remained unsigned as long as Michael Wacha. The veteran right-hander was on the market until mid-February. He eventually inked a four-year, $26MM guarantee to join the Padres, although the contract structure was rather complex.

Wacha was guaranteed $7.5MM for this season between his salary and a signing bonus. (He subsequently earned an additional $500K for starting 20 games.) This winter, the Padres will have to decide whether to trigger successive $16MM options — essentially a two-year, $32MM pact. If the Friars decline, Wacha would have a $6.5MM player option for next season (with two additional $6MM player options thereafter). If neither side exercises its end of the option, he’d return to free agency.

The 32-year-old’s production is quite similar to last year’s work. After posting a 3.32 ERA in 23 starts for the Red Sox a year ago, he’s allowed 3.44 earned runs per nine over 22 appearances this season. As was the case last season, estimators like FIP (4.02) and SIERA (4.49) are less enthused than his ERA would suggest. That reflects fine but unexceptional strikeout and walk marks. Wacha’s 22.2% strikeout percentage and 8.2% walk rate are right in line with the respective 22.1% and 7.9% league averages for starting pitchers.

Last season, Wacha had slightly lower than average strikeout and walk figures. His fastball speed has dipped from 93 MPH to 91.8 MPH, though he’s compensated by leaning a little more on his cutter and changeup. His overall swinging-strike rate is up one percentage point.

Those are minor changes. In aggregate, Wacha looks largely the same as he did a season ago. The market didn’t seem to materialize the way he’d anticipated last winter, leading to his extended free agent stay. It’s possible teams are more inclined to buy into Wacha’s stronger bottom line results after a second sub-3.50 ERA showing, though his production has tailed off down the stretch.

He carried a 2.84 ERA over 85 2/3 innings into the All-Star Break. He’s allowing just under five earned runs per nine in 34 2/3 frames in the second half. Wacha’s strikeout and ground-ball rates have improved as the season has gone on, but he has paired that with a few more walks of late. His production also tailed off in the second half of the 2022 campaign, when he posted a 4.11 ERA after running a 2.69 mark through the break.

The Padres’ call on a two-year, $32MM option looks as if it could go either way. There were a handful of veteran pitchers who signed in that range last winter. Nathan Eovaldi got $34MM over two seasons from the Rangers, who also surrendered a draft choice after he declined a qualifying offer. Eovaldi had pitched to a 3.80 ERA over 291 2/3 innings in the preceding two seasons but had superior strikeout and walk marks to Wacha.

The Giants inked Ross Stripling and Sean Manaea to matching two-year, $25MM guarantees with an opt-out after the first season. Stripling is perhaps the closest comparison point to Wacha, as he was coming off a 3.01 ERA in his platform season despite a modest 20.7% strikeout rate. As with Wacha, Stripling’s career track record has been inconsistent. Manaea was more of a rebound flier, as he’d had a dismal second half preceding his free agent trip.

José Quintana (two years, $26MM) and Tyler Anderson (three years, $39MM after rejecting a qualifying offer) each had a sub-3.00 ERA in their platform seasons. Both had mixed results in the few years leading up to 2022 and were older than Wacha is now. They each showed strong command last season with roughly average swing-and-miss rates and low-90s velocity.

Wacha fits in that category of back-end starter, which generally received around $12-13MM annually over two or three years last winter. Wacha’s $16MM club options are a bit above that, but the player option values are well below it. If the Padres decline their end, Wacha is very likely to opt out and test free agency. He at least shouldn’t have any issue topping the respective $17MM and $19MM two-year guarantees secured by Jordan Lyles and Drew Smyly last offseason.

The Padres are one of the league’s higher-spending franchises and already facing ample uncertainty in their rotation. Blake Snell is going to be a free agent. Seth Lugo is almost certainly going to decline a player option and test the market. Joe Musgrove and Yu Darvish are the only veteran starters guaranteed to be in next year’s rotation; both ended this season on the injured list. Nick Martinez could opt out of his own deal if the Friars decline a two-year, $32MM extension.

None of the other pitchers to log any kind of rotation time for San Diego are clear answers. Ryan Weathers was traded away at the deadline. Rich Hill has been knocked around and seems likely to sign elsewhere as a free agent. Pedro Avila and Matt Waldron have ERA’s around 6.00 when working as starters. If the Padres don’t retain Wacha, they’ll likely need to add one or two similar pitchers in free agency or trade.

Is it worthwhile for the Padres to preserve some stability by locking Wacha back in at the start of the offseason, even if the annual salary is a bit beyond what he’d likely receive on the open market? Would they be better served preserving that flexibility going into the winter as they sort through other rotation possibilities?

(poll link for app users)

 

Image courtesy of USA Today Sports.

Padres Designate Nelson Cruz For Assignment

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The Padres announced a series of roster moves today, recalled left-hander José Castillo, right-hander Matt Waldron and infielder Matthew Batten. In corresponding moves, right-hander Domingo Tapia was optioned to Triple-A El Paso, righty Michael Wacha was placed on the 15-day injured list (retroactive to July 2) with right shoulder inflammation and designated hitter Nelson Cruz was designated for assignment.

Cruz, 43, has long been one of the most feared sluggers in the league but has struggled over the past couple of years. In 2021, he was hitting .294/.370/.537 for the Twins with a 142 wRC+ when they flipped him to the Rays. That deal worked out very well for the Twins but Cruz slumped after switching jerseys, hitting just .226/.283/.442, 95 wRC+. He then signed with the Nats for 2022 but hit just .234/.313/.337 for a wRC+ of 85.

As last season was winding down, he underwent surgery to address some inflammation in his eye, which he said was impacting his ability to pick up spin on the ball. The Padres took a gamble on a bounceback from Cruz, giving him a $1MM guarantee on a one-year deal. Unfortunately, that hasn’t come to pass, with Cruz hitting just .245/.283/.399 thus far for a wRC+ of 85. He’s striking out at a 30.3% rate and walking just 3.9% of the time, both of those marks easily the worst of his career.

He’s essentially just a designated hitter at this point in his career, having not played the outfield since 2018 and logging just one inning at first base this year. That makes it especially important that he produce at the plate, something he hasn’t been able to do for a couple of years now.

The Padres will now have one week to trade Cruz or pass him through waivers. It’s possible that some club is intrigued based on his past production and modest salary, though that remains to be seen. As a veteran with more than five years of service time, he would have the right to reject an outright assignment in the event he clears waivers while retaining his salary. That means he’s likely to end up released if the Friars can’t find a trade partner in the coming days.

As for Wacha, his shoulder has been an ongoing minor issue. His start on June 24 was skipped due to fatigue in that shoulder, though he did later take the ball on July 1 and toss five innings. Manager Bob Melvin tells AJ Cassavell of MLB.com that the club is trying to use next week’s All-Star break to give him a chance to fully heal up. He has a 2.84 ERA through 15 starts this year, so the team will surely be hoping that a little breather is all he needs to get back on track.

Padres Select Matt Waldron

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TODAY: The Padres have officially announced their selection of Waldron’s contract. To make room for Waldron on the active roster, left-hander Ray Kerr was optioned to Triple-A. Kerr had a 6.00 ERA and 5.77 FIP in six innings of work out of the San Diego bullpen, and now figures to serve as depth with El Paso going forward.

JUNE 23: The Padres will promote knuckleballer Matt Waldron to start tomorrow night’s game against the Nationals, the club informed reporters (including Jeff Sanders of the San Diego Union-Tribune). He’s not on the 40-man roster but San Diego has an opening after designating Nabil Crismatt for assignment on Tuesday. Michael Wacha had been slated to start the game. The Friars are skipping his outing due to some shoulder fatigue, tweets AJ Cassavell of MLB.com.

Waldron, a 26-year-old righty, entered the professional ranks as an 18th-round pick of the Indians back in 2019. Cleveland traded him to San Diego after the 2020 season as the player to be named later in the Mike Clevinger/Josh Naylor, Cal Quantrill blockbuster.

The University of Nebraska product has slowly progressed up the minor league ranks over the two and a half years since then. He reached Triple-A El Paso midway through last season and has spent all of 2023 there. He has a 7.02 ERA over 66 2/3 innings this year, starting 12 of 14 appearances.

That’s obviously not a strong run prevention mark, even in the context of the brutal Pacific Coast League setting for pitchers. Waldron ranks 27th among 38 PCL hurlers (minimum 40 innings) in ERA. He’s seventh among that group in strikeout rate, however, fanning just under a quarter of opponents. He has kept his walks to a manageable 7.8% clip, with the inflated ERA largely attributable to a batting average on balls in play just shy of .400.

It’s unclear if Waldron will get more than one start in his initial MLB look. Even if it’s a one-off appearance for now, it’ll mark both a major personal achievement and a win for fans of the knuckleball.

According to Statcast, there hasn’t been a single knuckleball thrown in the major leagues (outside of a few scattered eephus pitches from position players in mop-up duty) in either of the last two seasons. Mickey Jannis made one relief appearance for the Orioles in 2021; the last knuckleballer to pitch more than twice was Steven Wright back in 2019.

NL West Notes: Suter, Wacha, Sheehan

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The Rockies placed left-hander Brent Suter on the 15-day injured list yesterday due to a left oblique strain, and recalled righty Noah Davis from Triple-A in the corresponding move.  Suter has posted his typically low strikeout rate and his 8.1% walk rate is barely above league average, but the 33-year-old has nonetheless worked to a 2.81 ERA over 41 2/3 innings out of Colorado’s bullpen.  Suter has allowed only two home runs over those 41 2/3 frames, and he has some of the best soft-contact numbers of any pitcher in baseball, sitting in the 99th percentile of hard-hit ball rate and in the 97th percentile of barrel rate.

Losing Suter to the IL is another blow to the injury-riddled Rockies, but the particular timing of the oblique problem adds some doubt to the southpaw’s value as a trade chip.  Suter is a free agent after the season, and thus a logical player for the Rockies to shop in what looks like another non-contending season for the club.  While oblique injuries can vary greatly in severity, it appears that Suter’s issue is relatively minor, as he told MLB.com that he was still feeling good and was planning to continue playing catch.

More from around the NL West…

  • Knuckleballer Matt Waldron will start today’s game for the Padres, as Michael Wacha (the original scheduled starter) will skip a turn in the rotation due to some shoulder fatigue.  Manager Bob Melvin described the move as “proactive,” telling the San Diego Union-Tribune’s Jeff Sanders and other reporters that Wacha has “got a little bit of history there with the shoulder.  He’s been as good as any pitcher in the National League so this is something we don’t want to push.”  Wacha has missed some time with shoulder issues in three of the last four seasons but not any truly significant time, making this seemingly more of a nagging injury than a top-tier concern.  Wacha has a 2.90 ERA over 80 2/3 innings for San Diego this season, with a 1.7 fWAR that leads all Padres pitchers.  Despite a below-average strikeout rate, Wacha has relied on soft contact and good control to achieve that ERA, and both his changeup and (due to some batted-ball luck) four-seamer have been premium pitches.
  • Emmet Sheehan’s MLB career is off to a tremendous start, as the Dodgers prospect has a 1.50 ERA over his first 12 innings in the Show.  Sheehan held the Astros to two runs over six frames in yesterday’s 3-2 Los Angeles victory, earning his first big league win in the process.  Unsurprisingly, this success has earned Sheehan a continued look, as Dodgers manager Dave Roberts told reporters (including The Athletic’s Fabian Ardaya) that Sheehan will get another start next week.  Julio Urias, Noah Syndergaard, and Dustin May are all on the IL, and while Urias might be back within a week or so, L.A. has had to rely on younger arms to join Clayton Kershaw and Tony Gonsolin in the rotation.  Sheehan and Bobby Miller have done well to pick up the slack, while Michael Grove has been less consistent.  Roberts said that Grove will work as a bulk pitcher behind an opener on Wednesday, when the Dodgers play the Rockies.

Looking Ahead To Upcoming Club Options: NL West

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We’re roughly a third of the way through the 2023 season. Players have had a couple months to build something of a performance track record that’ll play a role in their future contracts. With that in mind, MLBTR will take a look over the coming days at players whose contracts contain team or mutual options to gauge the early trajectory for those upcoming decisions.

We’ll go division by division and open things in the National League West:

Arizona Diamondbacks

Chafin lingered in free agency over the winter after opting out of his deal with the Tigers. The seeming lack of market interest was perplexing given the lefty reliever’s consistent effectiveness over the past few seasons. He’s carried that over into his second stint in the desert. Through 20 1/3 innings, Chafin owns a 3.10 ERA. He’s punched out 36% of opposing hitters on a huge 16.2% swinging strike percentage, both of which would be career-high marks. He’s not a prototypical fireballing reliever but he’s demonstrated he’s capable of missing bats and thriving in high-leverage situations for the past few years. The $6.5MM net decision on next year’s option looks more than reasonable if he keeps this up.

  • Zach Davies: $5.5MM mutual option ($300K buyout, rises to $500K with 16+ starts)

Davies has been limited to three starts by a left oblique strain. He has allowed eight runs with a modest 10:8 strikeout-to-walk ratio over 12 2/3 innings. There’s not much to go on yet in terms of 2023 performance but Davies looked like a borderline fifth starter the previous two years. The Diamondbacks have enough young pitching they seem likelier to buy him out unless the soft-tossing righty rediscovers his 2019-20 form for the stretch run.

  • Miguel Castro: $5MM option vests with 60+ appearances; would become $6MM player option with 40+ games finished (no buyout)

Castro has already pitched 26 times since signing with Arizona over the winter. He’s on pace to easily surpass the 60-appearance threshold needed to vest next year’s $5MM option if he can avoid the injured list. It could be a closer call as to whether he can turn that guaranteed $5MM salary into a $6MM player option; Castro has finished 12 games thus far, putting him just off the 40-game pace he’d need to do so. (He’s on pace for 36 games finished). Castro has been effective — a 2.22 ERA with roughly average strikeout, walk and swinging strike numbers through 24 1/3 innings — so vesting the player option and retesting the market isn’t out of the question.

Melancon struggled to a 4.66 ERA in 56 innings during his first season in Arizona. He hasn’t pitched this year on account of a Spring Training shoulder strain. Melancon might return in the second half but this is trending towards the team buying him out.

Colorado Rockies

Márquez underwent Tommy John surgery earlier this month. He’ll miss the majority of next season as he rehabs. A healthy Márquez would’ve made this an easy call for the Rockies to exercise but the procedure means they’ll buy him out. It wouldn’t be a surprise if the Rox try to bring him back on a lesser salary or a multi-year deal with an eye towards 2025.

Hand’s peripherals had fallen back between 2021-22 from his All-Star peak. He’s continued to keep runs off the board and seen a notable bounceback in his strikeout rate since a Spring Training deal with Colorado. Hand owns a 3.20 ERA through 19 2/3 frames while striking out 33.7% of batters faced on a decent 11.6% swinging strike percentage. The veteran southpaw has dominated left-handed hitters and is yet to allow a home run this season. If he maintains this form, he’ll be one of the top reliever trade candidates this summer. If Colorado hangs onto him, they could be faced with an interesting decision as to whether to keep him around for an extra $6.5MM next winter.

Los Angeles Dodgers

The Dodgers signed Muncy to a $13.5MM deal last summer even as he was amidst his worst season since landing in L.A. They’ve been rewarded with a massive bounceback showing. Muncy is tied for second in the majors with 17 home runs. He’s only hitting .208 but carrying a strong .340 on-base percentage thanks to an elite 15.8% walk rate. The $10MM price point would be an easy decision for the Dodgers if Muncy keeps up anything approaching this pace.

Los Angeles brought Hudson back last summer on the heels of a season-ending ACL tear. The veteran reliever hasn’t recovered as quickly from that procedure as he’d hoped. Hudson hasn’t pitched yet this season. He told reporters last night he’ll throw a bullpen session this week but is without a timeline for a return to game action (via Mike DiGiovanna of the Los Angeles Times). It remains to be seen how he’ll look when he takes the mound.

  • Alex Reyes: $3MM team option with escalators ($100K buyout)

The Dodgers took a $1.1MM flier on Reyes after he lost the 2022 season to shoulder surgery. He’s on the 60-day injured list and not expected to be a factor until around the All-Star Break. This one remains to be determined based on his post-rehab form.

  • Blake Treinen (option value between $1-7MM dependent on time spent on IL)

Treinen underwent surgery to repair the rotator cuff and labrum in his throwing shoulder last November. He won’t pitch much, if at all, this season. Treinen’s contract contains an option with a floating value between $1MM and $7MM depending on how much time he spends on the injured list and the issue that puts him on the shelf. Its precise value is yet to be determined, but MLBTR has confirmed it’ll land towards the lower end of that range given Treinen’s surgery.

San Diego Padres

  • Nick Martinez: team has two-year, $32MM option; if declined, Martinez has two-year, $16MM player option

Martinez has taken on a similar swing role as he served during his first year in San Diego. The right-hander started his first four outings and pitched reasonably well. He was nevertheless bumped back into relief thereafter. For the second consecutive season, Martinez has proven a key multi-inning arm out of the bullpen. He’s posted a 1.35 ERA with a quality 20:4 strikeout-to-walk ratio over 20 relief innings, holding opponents to a pitiful .240/.278/.267 batting line.

There’s little question of Martinez’s effectiveness in a relief role, though a $16MM average annual value could be pricy if the organization isn’t planning on giving him another look out of the rotation. Perhaps Martinez’s production over the final four months makes this a clearer decision for San Diego by season’s end. As of now, it looks like a borderline call — not too dissimilar from Martinez’s question of whether to opt out of three years and $18MM last winter. The Padres liked him enough to subsequently re-sign him to a $26MM guarantee with the complex option structure.

  • Michael Wacha: team has two-year, $32MM option; if declined, Wacha has $6.5MM player option (with successive player options for 2025-26)

Wacha lingered in free agency last winter. Clubs seemed reluctant to buy into his solid results for the Red Sox, a reflection of middling strikeout and ground-ball numbers. Since landing in San Diego, he’s basically repeating last year’s script. The run prevention is excellent; he’s allowed a 3.45 ERA through 57 1/3 innings over ten starts. Wacha is again throwing strikes and keeping runs off the board despite roughly average strikeout and swinging strike rates.

Maintaining a mid-3.00s ERA for a second straight season might build confidence in his ability to outperform ERA estimators that suggest he’s more of a solid #4 starter than a mid-rotation arm. That said, Wacha doesn’t look all that different now than he did three months ago, when he signed a four-year guarantee with a $6.5MM average annual value. A jump to the $16MM per-year range could be a tougher sell for San Diego, although there’s little doubt Wacha would opt out of the final three years and $18.5MM on his contract if he keeps pitching like this and the Padres decline their end.

San Francisco Giants

Cobb has pitched well since signing a two-year deal with San Francisco over the 2021-22 offseason. He carries a 3.05 ERA through his first 11 starts this year. Cobb’s 60.6% ground-ball rate is stellar and he’s posted average strikeout and walk numbers (21.3% and 6.7%, respectively). An $8MM net decision would be an easy call for the Giants to exercise if Cobb maintains this pace. He’s dealt with injuries in the past but managed 149 2/3 innings over 28 starts last year and has avoided the IL in 2023.

All stats through play Monday.

2023-24 Player Option/Opt-Out Update: April Edition

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Not long ago, any given year in Major League Baseball might have seen a handful of players have player options to decide upon at the end of a season. Opt-out clauses have slowly worked their way into normalcy among contract negotiations, however, and what was once a perk typically reserved for star players has become more commonly used as a means of either sealing a deal with mid-range free agents or in many instances, gaming the luxury tax. Player options are considered guaranteed money, after all, so it’s become common for clubs on the precipice of luxury penalization to negotiate complex player options that tamp down a contract’s average annual value even though they’re unlikely to ever be exercised.

For the purposes of this look around the league, there’s little sense in separating opt-outs from player options. The two are effectively the same, though “opt-out” typically refers to an out clause where there are multiple years remaining on the contract and “player option” generally refers to an individual decision on the forthcoming season. Both are considered guaranteed money for luxury purposes, and both ultimately come down to the player’s preference, risk tolerance, etc.

At their core, opt-out provisions aren’t particularly different from the much longer-accepted club options that teams have negotiated for years. Teams guarantee a certain number of dollars over a certain number of years, and if the player continues performing at a high enough level, they’ll exercise a club option that’s typically locked in at a below-market price. If not, the player will be bought out and sent back to free agency. Player options and opt-outs are merely the inverse; the player/agent negotiate a certain length and annual value but reserve the right to opt back into the market if the player continues to perform at a high level. It’s two sides of the same coin.

There are more players with the opportunity to opt out of their contract this offseason, by way of a one-year player option or a multi-year opt-out, than ever before. As such, we’ll be keeping tabs on these situations throughout the season. Short of a major injury, performance this early in the season isn’t likely to have a major impact on a player’s likelihood of opting out or forgoing that right, but it’s worth listing out which players will have the opportunity, what their contracts look like, and at least taking an early glance at how they’re performing.

Note: All stats through play on Tuesday.

Position Players

  • Tucker Barnhart, C, Cubs ($3.25MM player option): Barnhart’s deal was announced as a two-year, $6.5MM contract, though he also obtained the right to opt out after 2023, effectively rendering 2024 a player option. He’s 5-for-16 with a walk and four strikeouts through just 17 plate appearances as the backup to Yan Gomes. Barnhart got this guarantee on the heels of a dismal .221/.287/.267 showing with the Tigers in 2022, so with even a decent season he’ll have reason to opt out and try his luck again amid a thin group of free-agent catchers.
  • Josh Bell, 1B/DH, Guardians ($16.5MM player option): Bell limped to the finish line with the Padres after being traded over from the Nationals alongside Juan Soto in last summer’s blockbuster, and he hasn’t yet found his footing in 76 plate appearances with the Guardians. It’s a small sample, but Bell’s .203/.316/.344 slash looks quite similar to the .192/.316/.271 he mustered with San Diego in 2022. Bell hit 37 homers in 2019 and 27 in 2021, but he hits the ball on the ground far too often for someone with his power and lack of speed. Only one qualified hitter in MLB (Masataka Yoshida) has a higher ground-ball rate than Bell’s staggering 66.7% mark.
  • Trey Mancini, 1B/OF, Cubs ($7MM player option, if he reaches 350 plate appearances): Like Bell, Mancini saw his offensive production crater following a deadline trade (to the Astros) last summer and has not yet recovered in a new setting. Through 60 plate appearances, he’s hitting just .196/.220/.250. While his contract is a two-year, $14MM deal, Mancini can opt out if he reaches 350 plate appearances (i.e., the second year becomes a player option). He isn’t hitting yet, but Mancini is playing regularly and appears to be trending toward earning that right.
  • Javier Baez, SS, Tigers (can opt out of remaining four years, $98MM): After turning in a tepid .238/.278/.393 batting line in 590 plate appearances during his first season as a Tiger, Baez would need quite the season to walk away from this kind of cash. So far, he’s hitting .193/.254/.246 in 64 trips to the plate, however. When Baez gets hot, he can go on hot streaks for the ages, but he certainly doesn’t look like he’ll be opting out at season’s end.
  • Justin Turner, 3B/DH, Red Sox ($13.4MM player option): Turner hasn’t found his power yet in Boston, but he’s out to a .277/.385/.385 start with nearly as many walks as strikeouts. His $13.4MM player option comes with a hefty $6.7MM buyout. He’ll turn 39 in November, but as long as he hits reasonably well, he should have more earning power than that $6.7MM net decision.
  • Jorge Soler, OF/DH, Marlins ($9MM player option): Soler’s three-year, $36MM deal in Miami pays him $12MM in 2022, $15MM in 2023 and $9MM in 2024, but he had the right to opt out after each season of the deal. He hit just .207/.295/.400 with 13 homers in 306 plate appearances last year, so there was no way he was taking the first opt-out. He’s already clubbed five dingers in 62 plate appearances in 2023. His .263/.323/.649 slash translates to a 155 wRC+, and his exit velocity and hard-hit rate are through the roof, so his .256 average on balls in play should at least hold steady. Soler is an extremely streaky hitter, so time will tell how much of this early heater he can sustain, but there’s plenty to like about his start, including a reduced strikeout rate.
  • Michael Conforto, OF, Giants ($18MM player option, if he reaches 350 plate appearances): As with Mancini, Conforto is on a two-year deal but gains the right to opt out after one year if he reaches 350 plate appearances. You can call it an opt-out or a player option, but it’s the same mechanism; if Conforto is healthy, he’ll likely get the right to opt out. So far, he’s hitting .220/.373/.439 with a trio of homers in 51 trips to the plate. Conforto has walked nine times in those 51 plate appearances (17.6%), and his chase rate is actually down, so he still has good knowledge of the zone. However, a year-long layoff due to shoulder surgery is perhaps making itself known with a 74.5% contact rate on pitches in the strike zone, as that’s nearly 10 percentage points below his career mark of 84%. Unsurprisingly, Conforto’s 31.4% strikeout rate is a career worst. Some rust was inevitable, though, and the plate discipline and hard contact when he has made contact (94.4 mph exit velo, 52.5% hard-hit rate) are encouraging.
  • Matt Carpenter, 1B/DH, Padres ($5.5MM player option): Carpenter’s stunning return with the Yankees last year was one of the best stories of the summer, but he’s out to a sluggish .152/.317/.273 start with the Padres. He’s chasing off the plate at a 30.3% clip after doing so at a 20.7% rate last summer, and his contact rate on swings off the plate has plummeted from 62.5% to 36.4%. It’s a small sample and there’s time to turn things around, of course, but he’s had a tough start.

Pitchers

  • Andrew Heaney, LHP, Dodgers ($13MM player option): Heaney’s first Rangers start was one to forget (seven earned runs), but his second start was dominant, as he tied an AL record by fanning nine consecutive hitters. If Heaney tops 150 innings and doesn’t finish the year with an injury that’d likely keep him out for the first 60-plus innings of the 2024 season, the value of that player option jumps to $20MM. He hasn’t reached 150 innings since 2018.
  • Seth Lugo, RHP, Padres ($7.5MM player option): Lugo’s return to the rotation has been solid. He’s posted a 2.70 ERA through 16 2/3 frames with strikeout and walk ratios that look similar to his numbers out of the bullpen (24.3% strikeout rate, 7.1% walk rate). It’s anyone’s guess how many innings Lugo will tally after throwing just 228 innings combined from 2019-22, when he was primarily a reliever, but a solid run out of the rotation will position him to turn down that player option in search of a multi-year deal in free agency.
  • Sean Manaea, LHP, Giants ($12.5MM player option): The early ERA isn’t much to look at (4.76 in 11 1/3 innings), but the Giants have Manaea averaging 94.7 mph on his four-seamer. That’s a career-high by a wide margin, as he sat 91.7 mph on a now-scrapped sinker in 2021-22 and 91.1 mph on his four-seamer in 2017-20. Any major velocity gain of this nature is worth keeping an eye on.
  • Nick Martinez, RHP, Padres (team has two-year, $32MM club option; if declined, Martinez has two-year, $16MM player option): Martinez’s strikeout rate, walk rate, home-run rate and velocity have all gone the wrong direction through his first three starts. It’s just 17 2/3 innings, so it could be rendered a footnote if he rebounds and the Padres pick up their hefty option on the righty. Still, it’s not the start he or the Padres wanted.
  • Eduardo Rodriguez, LHP, Tigers (can opt out remaining three years, $49MM): E-Rod hasn’t missed bats anywhere near his Boston levels since signing with the Tigers. The lefty still showed good command both in 2022 and so far in 2023, but his 8.7% swinging-strike rate and 20.4% strikeout rate are well shy of the respective 11.6% and 26% marks he posted in his final four years with the Red Sox. Rodriguez’s velocity in 2023 is back up after a slight dip in 2022, but if he can’t get back to missing bats at his prior levels it’ll be an easy call for him to forego that opt-out provision.
  • Max Scherzer, RHP, Mets ($43.333MM player option): Scherzer hasn’t gotten out to his best start, but he posted a 2.29 ERA with gaudy strikeout and walk rates (30.6% and 4.2%) in 145 1/3 frames with the Mets in 2022. He was at the center of controversy after being ejected from today’s start after failing a foreign substance check, though that’s not likely to have any effect on his opt-out decision. Scherzer has already suggested that his opt-out was negotiated in part to ensure that he’d have an opportunity to look elsewhere if the Mets didn’t remain fully committed to winning. That hasn’t been the case under owner Steve Cohen, who’s currently financing the largest payroll and luxury-tax bill in MLB history.
  • Ross Stripling, RHP, Giants ($12.5MM player option): Stripling has been ambushed for 10 runs in his first 12 1/3 innings of work and had been set to operate primarily out of the bullpen before the injury to Alex Wood. It’s not a great start considering the weighty $25MM guarantee on his deal, but he has time to turn things around. A stunning six of the 13 fly-balls Stripling has yielded in 2023 have cleared the fence for a home run, and that rate will surely stabilize over a larger sample. Still, if he’s relegated to long-relief duty for too long, it’ll become difficult for him to even consider his opt-out.
  • Marcus Stroman, RHP, Cubs ($21MM player option): Stroman took a rather atypical contract structure for a 31-year-old free agent, inking a three-year guarantee at a premium annual value with an opt-out after year two. It’s more common to see pitchers that age push for the longest deal possible, but it might work out in Stroman’s favor. He’ll bank $50MM through the contract’s first two seasons, and after a nice 2022 season (3.50 ERA, 3.74 SIERA in 138 2/3 innings), he’s come roaring out of the gates with a 0.75 ERA and vastly improved 26.9% strikeout rate through his first 24 frames. Stroman’s walk rate is also up, and it’s all a small sample for now anyway, but it’s a promising start all the same. He’ll turn 33 in 2024, and if he continues anywhere near the pace he’s set since 2019 (3.15  ERA in 520 innings), he should have no problem topping that $21MM in free agency. He’ll also be ineligible for a qualifying offer, having already received one earlier in his career.
  • Michael Wacha, RHP, Padres (two-year, $32MM club option; if declined, Wacha has $6.5MM player option and $6MM player options in 2025-26): Wacha’s four-year, $26MM deal was effectively just the Padres manipulating the luxury tax by meeting Wacha’s price tag on a multi-year deal but spreading out the term to tamp down the AAV. Wacha’s total guarantee is the type of money one might’ve expected him to land over a two- or perhaps three-year term. By spreading it to four, the Padres could end up avoiding the third luxury-tax bracket. Wacha has a 6.06 ERA through three starts and posted an ERA of 4.76 or worse each season from 2019-21. If he can wind up replicating his strong 2022 results, the Padres might consider picking up their end of the option, but the likelier scenario is that they decline, leaving Wacha with a remaining three years and $19MM, but opt-outs after each season.
  • Chad Green, RHP, Blue Jays (three-year, $27MM club option; if declined, Green has $6.25MM player option; if both decline, team has two-year, $21MM option): Green may have the most convoluted contract of the entire free-agent class. That’s reflective both of his considerable talent and the broad range of outcomes as he works back from last May’s Tommy John surgery. We won’t know have an inkling of how this’ll play out until at least the summer, as Green needs to finish off his rehab. If he can return to peak form (1.83 ERA, 40.7% strikeout rate, 6.7% walk rate) for three or so months down the stretch, perhaps the Jays would actually consider the three-year, $27MM option. But that’s premium setup man money, and Green will be coming back from a year-long absence with a major surgery on his recent resume. He’ll have a $6.25MM player option if that three-year team option is declined, and that seems far more plausible. The two-year, $21MM option if both parties decline their first options feels only slightly more viable than the Jays’ original 3/27 decision.

Padres Notes: Rotation, Wacha, Engel

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Padres right-hander Joe Musgrove is expected to make his final rehab start today for the organization’s Single-A affiliate, as noted by Kevin Acee of the San Diego Union Tribune. That would put Musgrove on track to return to the Padres sometime later this week, a welcome development for a club that has seen its current six-man rotation set-up lead to an overly taxed bullpen.

With only seven relievers on the roster, the club needs its starters to be able to go deeper into games and cover more innings, but that hasn’t been the case early in the season. San Diego starters have failed to complete six innings in nine of the club’s 16 games this season, with just three starts lasting into the seventh inning. The return of Musgrove, who pitched at least six innings in 22 of his 30 regular season starts last season, should help relieve some of the load off the bullpen, but the question remains as to who Musgrove will replace in the rotation.

Ken Rosenthal suggested on FOX Sports yesterday that right-hander Nick Martinez could head to the bullpen as the odd man out, while Jeff Sanders of the San Diego Union Tribune suggested that it could be young left-hander Ryan Weathers who is either optioned to Triple-A or pushed to the bullpen in order to make room for Musgrove, though Sanders notes that the club’s schedule, which includes two off-days in the final week of April and five throughout the month of May, could make the current six-man rotation setup untenable in the longer term and force the club to look at moving Martinez or righty Seth Lugo to the bullpen.

Weathers, 23, struggled to a 5.49 ERA with a 5.42 FIP the past two seasons, with all of that work except for a single 3 2/3 inning spot start coming during the 2021 campaign. He’s done well so far in 2023, posting an strong 2.70 ERA in two starts (10 innings) so far this season, though he’s struck out just five batters so far and failed to record an out in the sixth inning. By contrast, Martinez has struggled in terms of run prevention, with a 5.60 ERA across three starts, but has been able to go deeper into games, failing to make it out of the fifth inning just once while recording six and seven innings in his other two appearances.

More from San Diego…

  • As noted by Chris Cotillo of MassLive.com, Padres right-hander Michael Wacha entered the offseason hoping to return to the Red Sox, for whom he posted a 3.32 ERA in 127 1/3 innings in 2022. Cotillo notes that the Red Sox never appeared close to re-signing the 31 year-old righty, who eventually signed in San Diego on a complex four-year, $26MM deal with multiple team and player options involved. Wacha noted that Boston expressed interest in retaining him for the 2023 season, but ultimately did not get into specifics of his negotations with the club, saying that “you might have to ask [Red Sox GM Chaim Bloom] about that one.” That being said, Wacha did note the importance of San Diego’s willingness to offer a multi-year deal held in his ultimate decision to sign with the club.
  • As noted by Sanders, outfielder Adam Engel, who’s been sidelined to this point in the season with a hamstring injury. began a rehab assignment in Triple-A yesterday. With David Dahl having recently joined Engel on the injured list, the club’s outfield depth has been tested, with the likes of Rougned Odor and Brandon Dixon making recent starts in the outfield alongside Juan Soto and Trent Grisham. Engel’s impending return should provide some much-needed support to the Padres outfield, as should Fernando Tatis Jr., who is set to return from his suspension later this week.

Padres Remain Narrowly Below $273MM Third CBT Threshold After Wacha Deal

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The Padres finalized their agreement with starter Michael Wacha this morning. That pact contained options from both the team and player perspective designed to meet the right-hander’s asking price while keeping the deal’s average annual value down for luxury tax purposes. It’s officially a four-year, $26MM guarantee, leading to a $6.5MM CBT hit.

That contract structure brings the Padres’ estimated luxury tax number around $272.2MM, as calculated by Roster Resource. That’s about $800K shy of the $273MM mark that delineates the third threshold of tax penalization. Public payroll figures are estimates, though Dennis Lin and Ken Rosenthal of the Athletic confirm with team officials the club remains narrowly below the $273MM figure. That’s no coincidence, of course, with the Padres’ front office intentionally structuring some recent contracts to add to the roster while staying under that threshold.

At the start of the offseason, the Friars signed Nick Martinez to a deal that was similarly built with dual club/player options and technically came out to an approximate $8.667MM average annual value. More recently, San Diego’s extension negotiations with Yu Darvish were shaped by the team’s CBT situation. The Friars signed the All-Star righty to a five-year, $90MM extension covering the 2024-28 seasons last week. That paired with Darvish’s preexisting $18MM salary for the upcoming season to result in a matching tax hit. Before the extension, Darvish had counted for $21MM against the luxury tax (reflecting the AAV of his prior front-loaded six-year, $126MM agreement with the Cubs). The extension trimmed $3MM off the team’s tax bill this year, which freed up breathing room under the $273MM mark for the Wacha money.

In the process, San Diego made a commitment to Darvish running through his age-41 season. Investing for that long in a pitcher of his age certainly isn’t without risk, though it’s one the Friars preferred to a shorter-term deal that could’ve come with higher annual salaries. Lin and Rosenthal report that Darvish’s camp initially broached extension talks seeking a two-year, $60MM deal. Instead, the Padres made a longer commitment that guarantees the veteran hurler an extra $30MM altogether but comes at a much lower annual value.

According to the Athletic, San Diego also pursued a multi-year guarantee with player options for Johnny Cueto before he signed with the Marlins last month. San Diego was known to be involved in the Cueto market. Rather than accept a deal similar to the ones Martinez and Wacha ended up taking, Cueto took a one-year, $8.5MM pact with a 2024 club option from the Marlins.

Ultimately, the Padres’ maneuverings allow them to open Spring Training a hair south of the third tax threshold. A team’s luxury tax number is calculated at the end of the season, not during exhibition play or on Opening Day. Depending on how much room exists below $273MM, the Friars could certainly wind up above that number — either by making a midseason acquisition via trade or waivers or simply by selecting the contract of a non-roster Spring Training invitee whose deal contains a base salary above the league minimum (i.e. Pedro Severino).

For the time being, however, the organization has an obvious desire to keep south of the $273MM figure. Finishing a season above the third tax threshold results in a team’s top draft choice for the following year (2024, in this instance) being moved back ten spots. It also subjects a team to higher payments. The Friars are set to pay a 50% tax on any spending between $233MM and $253MM and a 62% fee on spending between $253MM and $273MM. They’d be taxed at a 90% rate on spending from $273MM to $293MM. The latter penalties are ones they’re clearly looking to avoid right now.

San Diego heads into the season as one of the favorites in the National League. Perhaps they’ll eventually go beyond the third threshold to maximize this roster’s chances of contending. As of now, they project for the third-highest CBT payroll in the majors. The Mets are running away from the rest of the league in spending, while the Yankees are reportedly just under the final tax threshold at $293MM and reluctant to surpass that figure.

Yankees Unlikely To Pursue Trade In Wake Of Frankie Montas Injury

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It was reported yesterday that Yankees right-hander Frankie Montas will require shoulder surgery, keeping him out of action for most or perhaps all of the upcoming season. That led to some speculation that the club could try to make a trade for a replacement, but Andy Martino of SNY reports that no serious consideration of a trade has taken place and that the club will instead turn to internal replacements like Domingo Germán and Clarke Schmidt.

Per Martino’s report, there are a couple of reasons why the club is leaning in this direction. One factor is that they still have a strong front four even without Montas, which is certainly true. Gerrit Cole and Carlos Rodón would be in the discussion for the best one-two punch of any rotation in the league, while Luis Severino and Nestor Cortes provide the club with solid options for the next two slots.

That leaves the club in okay shape on paper, though another injury could quickly change that perception. Cortes is already hurt, dealing with a hamstring strain that caused him to withdraw from the World Baseball Classic, though he’s expected to be ready to go around Opening Day. Severino hardly pitched in the 2019-2021 stretch due to various injuries but managed to make 19 starts last year, though he did still make a trip to the 60-day injured list due to a lat strain. Rodón has largely been healthy the past two years but has had lengthy injury absences before, hardly pitching at all in 2019 or 2020.

By sticking with what they already have on the roster, the club is showing a lot of faith in that group to stay healthy, as well as believing in Germán and Schmidt. The former posted a 3.61 ERA in 72 1/3 innings last year, with a strong 6.4% walk rate but a subpar 19.5% strikeout rate. Schmidt had a 3.12 ERA in 57 2/3 innings with a 9.7% walk rate and 23.7% strikeout rate.

While believing in their players is one factor, Martino adds that the second factor is the club’s reluctance to cross the final luxury tax threshold, something that has come up in previous reports. Their current competitive balance tax figure is $292.48MM, per the calculations of Roster Resource, within a hair of the $293MM line. Going over it would lead to higher tax rates but no further penalties related to draft picks or things of that nature.

It doesn’t seem as though there’s absolutely no scenario in which the Yanks would cross that line. Martino reports that they did discuss Carlos Carrasco with the Mets this offseason. However, that was when it seemed as though the latter club was going to sign Carlos Correa and they wanted to move some salary off their books, such as the $14MM owed to Carrasco this year. Martino’s report indicates that once the Correa deal fell through and he signed with the Twins, Carrasco was no longer available.

Another path that the club gave some consideration to was Michael Wacha, as Joel Sherman of The New York Post reports that the Yankees checked in on him. However, he’s now off the board, having signed with the Padres this week.

It seems the team has some willingness to add another player under the right circumstances, but the desire to do so doesn’t appear very high. Free agency still features guys like Dylan Bundy and Chris Archer, whereas the trade market could theoretically have Chris Flexen and Adrian Houser on the block. It’s said that one phone call can quickly change things, but it seems the team is planning to lean on players already in the organization.

It’s a path that’s not without its risk, since the club has subtracted from its starting depth in recent years. Pitchers like Roansy Contreras, Jordan Montgomery, Hayden Wesneski, JP Sears and Ken Waldichuk and others have been dealt away over the past few seasons. The group still on the roster is strong for now but general manager Brian Cashman is aware the depth is shakier than usual. “We have a strong frontline and then obviously the next wave isn’t as strong as it has been in the past,” Cashman said to Sherman. “We need what we currently have to stay active and over the course of time, some alternative depth options might present themselves.” As they gear up for another battle in the cutthroat AL East, time will tell if they have the pieces to repeat as division champions.

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