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Raisel Iglesias To Reject Qualifying Offer

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Closer Raisel Iglesias will reject the Angels’ one-year, $18.4MM qualifying offer, tweets Ken Rosenthal of The Athletic. He’s still free to negotiate with the Angels on a new contract, of course, but will continue to pursue a multi-year arrangement in free agency.

Raisel Iglesias | Kirby Lee-USA TODAY Sports

That Iglesias would reject the qualifying offer comes as no surprise. The 31-year-old righty (32 in January) is coming off arguably the best season of his career and is the clear top reliever on this year’s market. MLBTR projected Iglesias to secure a four-year pact worth $56MM on our recent ranking of the offseason’s top 50 free agents, and a strong three-year deal, at minimum, seems quite likely even with draft compensation now attached to the righty.

A look at virtually any relief pitching leaderboard will show Iglesias among the leaders in most key numbers. The former Reds stopper finished eighth among 144 qualified relievers with a 37.7% strikeout rate and also posted the ninth-best walk rate at 4.4%. Only two qualified relievers, Josh Hader and Liam Hendriks, topped Iglesias’ huge 33.3 K-BB%. Beyond that, Iglesias’ 20.6% swinging-strike rate trailed only Hader, and his 2.06 SIERA was second only to Hendriks. No reliever in baseball posted a better swinging-plus-called-strike rate than Iglesias’ 36.8% mark.

Statcast finds Igleisas similarly dominant, rating him in the 85th percentile or better in terms of hard-hit percentage, average exit velocity and expected opponents’ batting average, slugging percentage and wOBA.

In terms of more traditional numbers, Iglesias tied for the fourth-most saves in Major League Baseball at 34 and finished 23rd among relievers with 70 innings pitched. That’s due largely to the Halos using him as a one-inning option, but Iglesias showed during his time with Cincinnati that he’s plenty capable of recording four-, five- and six-out saves when needed. His 2.57 ERA ranked “only” 29th among 144 qualified relievers, but as evidenced by the aforementioned SIERA, most fielding-independent marks feel he was better than that baseline ERA.

Simply put, Iglesias is a workhorse reliever who misses bats and limits walks at levels that place him alongside elite names like Hader and Hendriks. He’s appeared in at least 65 games and tallied at least 67 innings in each of his four full seasons as a reliever, dating back to 2017. Iglesias had a pair of month-long stays on the injured list due to minor shoulder troubles back in 2015-16, when the Reds were still debating whether he fit best as a starter or reliever, but since moving to the ’pen full time, he’s had only a single 10-day stint on the IL for a minor biceps issue.

If there’s one flaw in Iglesias’ game, it’s the occasional home run. His average of 1.41 homers per nine frames this year was surely higher than the Angels would’ve hoped, but his minuscule walk rate and paltry .207 opponents’ batting average and .243 opponents’ OBP meant that the majority of those round-trippers came with the bases empty. It’s not exactly a career-long issue, either, as Iglesias yielded just one homer in 23 frames during the shortened 2020 season (0.39 HR/9) and has averaged a more manageable 1.10 homers per nine innings in his seven-year MLB career.

Iglesias is the only reliever on this year’s market to receive a qualifying offer, but he’s superior enough in terms of age, track record and strikeout-to-walk profile that it shouldn’t prove to be a major hindrance to his market. Kenley Jansen, Kendall Graveman and Corey Knebel are among the names in the next tier, but Iglesias should be a lock to score the biggest contract of any relief pitcher this offseason.

Photo courtesy of Imagn/USA Today Sports.

14 Players Receive Qualifying Offers

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Today was the last day for teams to issue qualifying offers to eligible free agents, as teams had to make their decisions by 4pm CT.  With the deadline now behind us, here are the players who were issued the one-year, $18.4MM offers…

This is the highest number of qualifying offers issued since the 2015-16 offseason, when a record 20 players received the QOs.  Only six players received qualifying offers last winter, which was the lowest ever issued in an offseason, yet not really surprising given the pandemic’s impact on the 2020 season and league revenues.

These 14 players now have until November 17 to decide whether or not to accept the offer.  If they accept, they’ll receive $18.4MM next season, and can’t be traded until June 15, 2022.  They also won’t be eligible to receive a qualifying offer in any future trips to free agency (players are also ineligible for the qualifying offer if they haven’t spent at least one full season with their current team).  Since the qualifying offer system was introduced in the 2012-13 offseason, 10 of the 96 players to receive a QO have taken the deal.

If a player rejects the qualifying offer, draft pick compensation is now attached to their market, unless they re-sign with their former team.  Teams who sign a QO free agent will have to surrender at least one draft pick, and potentially some international bonus pool money depending on their status as revenue-sharing recipients or whether or not they exceeded the luxury tax threshold.  (Here is the list of what every team would have to give up to sign a QO free agent.)

If a QO free agent signs elsewhere, that player’s former team receives a compensatory draft pick based on this criteria….

  • A draft pick after Competitive Balance Round B will be awarded if the team losing the free agent did not receive revenue sharing or if the free agent in question signed a contract worth less than $50MM in guaranteed money.
  • A draft pick after Round 1 will be awarded if the team losing the free agent received revenue sharing and the free agent in question signed for more than $50MM.
  • A draft pick after Round 4 will be awarded if the team losing the free agent paid luxury tax penalties in the preceding season.

As always, several factors are weighed by both teams and players about whether or not to issue or accept qualifying offers.  This winter provides yet another wrinkle — this could be the final year of the current qualifying offer system due to the expiration of the current Collective Bargaining Agreement on December 1.  It is widely expected that the owners could lock out the players if a new deal isn’t reached by that date.  In the event of a lockout, MLB would institute a roster freeze on all transactional business involving Major League players, thus bringing the free agent market to a halt.

With this deadline looming, it is possible we could see some QO recipients (those less certain of landing big multi-year contracts) choose to accept the one-year deal in order to guarantee themselves some financial and contractual security prior to a possible lockout.  By that same token, this could make teams warier about extending the qualifying offer to certain players due to a larger suspicion that they would accept…or perhaps a player’s willingness to accept could make a team more inclined to issue a QO to a so-called borderline case.

Free Agent Notes: Correa, Iglesias, Rodriguez

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The upcoming free agent shortstop market has been talked about for awhile now, and we’re still a few months off from seeing how the whole thing plays out. Perhaps the most coveted of the soon-to-be available shortstops is the Astros’ Carlos Correa. One potential match for Correa’s services will be the Tigers, tweets MLB Network’s Jon Heyman.

The Tigers are an up-and-coming team with plenty of financial flexibility, and it’s certainly interesting to think about Correa once again teaming up with his former skipper A.J. Hinch. As hard as it is to imagine Correa leaving Houston, they do have prospect Jeremy Pena waiting in the wings, making an exit at least feasible. The Tigers, meanwhile, have one of the most open shortstop situations in the game, with incumbent Niko Goodrum easily able to shift into a super-utility role.

Angels’ closer Raisel Iglesias figures to be another in-demand free agent this winter. His priority, however, is re-signing with the Angels, writes Jeff Fletcher of the Orange-County Register. Iglesias made the most of his first season with the Angels, tossing 69 innings in 64 appearances with a 2.61 ERA/2.87 FIP. He has notched 34 saves, a mark that will look attractive to contenders this offseason.

In terms of rotations arms, there are few with the upside of the Red Sox’ Eduardo Rodriguez. Rodriguez and the Red Sox spoke about a possible extension earlier in the year, but there wasn’t much progress made and the two sides ultimately decided to table talks until the offseason, per Alex Speier of the Boston Globe. After complications from COVID-19 cost Rodriguez all of 2020, he has returned to his usual stable workload, making 31 starts for the playoff hopefuls.

Rodriguez hasn’t quite pitched to his pre-2020 level, though his 4.77 ERA may be a touch inflated. A 3.33 FIP suggests the 28-year-old hasn’t lost a step. He’s tossed 156 2/3 innings with an above-average 27.4 percent strikeout rate, 7.0 percent walk rate, 44.2 percent groundball rate, all numbers that will look good on Rodriguez’s free agent resume this winter.

2021-22 Qualifying Offer Candidates

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With the trade deadline in the rearview mirror and a little more than six weeks remaining in the regular season, plenty of front offices are turning their attention towards the upcoming offseason. The first notable decision for many clubs will be to decide whether to tag one or more of their top impending free agents with a qualifying offer.

As a reminder, the qualifying offer is a one-year contract offer teams can make to certain impending free agents. The precise value of the QO has yet to be calculated, but it’s determined as the average salary of the game’s 125 highest-paid players. Last season, the QO value was set at $18.9MM. If the player accepts the offer, he returns to his current team on that one-year deal. If he rejects, his previous team would receive draft pick compensation should he sign elsewhere.

Last season, six players (George Springer, Trevor Bauer, J.T. Realmuto, DJ LeMahieu, Kevin Gausman and Marcus Stroman) received qualifying offers. Gausman and Stroman accepted the QO, while Realmuto and LeMahieu re-signed with their current clubs as free agents. The Reds and Astros received compensatory picks (used on Jay Allen and Chayce McDermott, respectively) when Bauer and Springer departed.

The collective bargaining agreement prohibits a player from being tagged with a qualifying offer multiple times in his career. (A list of every active big leaguer who has previously received a QO is available here). Similarly, in order to be eligible, the player must have spent the entire preceding season on the same team. Players traded midseason cannot be tagged with a QO.

With the majority of the 2021 season in the books, we can take a look at the upcoming free agent class to predict which players might wind up receiving qualifying offer this winter.

Locks

This group is fairly straightforward, as there’s very little chance any of these players would accept a qualifying offer. Correa, Seager and Freeman all have MVP-caliber upside and are locks to pull in long-term deals this winter. Semien didn’t receive a QO from the A’s after a down year in 2020, took a pillow contract with the Jays for almost the value of the QO ($18MM), and has essentially replicated his 2019 form that earned him a third place finish in AL MVP voting. He should find a big multi-year deal this time around.

Story is having a bit of a down year, but there’s no doubt the Rockies will make him a qualifying offer after not trading him at the deadline. Nick Groke of the Athletic wrote this week that Colorado hasn’t given up hope of convincing him to sign a long-term extension, but that seems unlikely given Story’s own bewilderment he wasn’t moved to a contender this summer. Whether Story is willing to return to Denver or not, he’ll receive a QO.

Kershaw, Ray and Rodón will be among the top pitchers on the market. Kershaw has spent the past couple months on the injured list due to forearm soreness, but he’s expected back in September and is in the midst of another fantastic season. So long as he’s healthy, he’s a lock for a QO. Ray and Rodón both had to settle for one-year deals after poor 2020 seasons, but they’ve each been among the best pitchers in the American League this year.

Likely

Over the past two seasons, Taylor has somewhat quietly been one of the game’s top 25 qualified hitters by measure of wRC+ and he’s versatile enough to cover any non-catcher position on the diamond. He’s not a true everyday player at any one spot and he’s making contact at a career-worst rate this season, so he falls just short of being an absolute lock for a QO. But the Dodgers would be as willing as any team to shoulder a significant one-year salary were Taylor to accept, and his body of work should be sufficient to warrant a multi-year deal regardless.

The Mets’ players in this group are two of the more interesting free agents in the class. Conforto entered the season looking like a lock for a QO and seemingly having a chance at landing nine figures with a strong platform year. He missed a month with injury, though, and hasn’t made anywhere near his typical level of impact at the plate. He’s shown some life over the past few weeks, and between his track record and age (28), Conforto still seems a good bet to land a long-term deal.

Syndergaard was a top-of-the-rotation starter at his peak, but he hasn’t pitched since 2019 because of Tommy John surgery. He’s eyeing a September return — likely in relief, given his dwindling time to build up arm strength — and his late-season form will obviously be critical to his market. The Mets should run one of the higher payrolls in the league, and Syndergaard has the upside to be an ace if healthy, so New York still seems more likely than not to make the offer.

Similarly, Verlander has essentially missed two full seasons because of his own Tommy John procedure. That’s a scary development for a pitcher who’ll be 39 on Opening Day 2022, but he was still every bit an ace when we last saw him in 2018-19. The Astros are a win-now club that runs high payrolls, so Verlander accepting a QO wouldn’t be the worst thing in the world. If he declines and signs elsewhere, Houston would recoup some much-needed draft compensation after losing their past two first-round picks as punishment for the sign-stealing scandal.

Colorado reportedly showed even less interest in trading Gray than they did with Story at the deadline. There’s apparently mutual interest about working out a multi-year extension, and the QO could serve as a temporary measure to keep Gray in Denver while the Rockies and Gray’s representatives work on a long-term deal.

Rodríguez has bounced back to take the ball every fifth day this year after a scary bout with myocarditis cost him all of 2020. His ERA’s pushing 5.00, but his peripherals are far better than that bottom line run prevention and the southpaw has an established track record of mid-rotation production.

The Mariners are facing a difficult decision regarding Kikuchi, as MLBTR’s Steve Adams explored last month. Seattle must decide whether to exercise a package deal of four successive club options at $16.5MM apiece (essentially a four-year, $66MM extension) this winter. If the Mariners don’t exercise their four-year option, Kikuchi has a $13MM player option to return to Seattle for 2022. If both parties decline their ends, the 30-year-old would hit free agency this offseason, although the M’s could then tag Kikuchi with a qualifying offer.

Given that Kikuchi will only be a free agent if he passes on a $13MM player option, the Mariners would likely make him a QO worth a few million dollars more if it comes to that — either with the expectation he’ll decline in search of a longer-term deal, or with the hope he accepts and Seattle can keep him in the fold next season without committing themselves to the additional three years of guaranteed money.

Possible

The Giants have plenty of payroll space this offseason and seem likely to try to keep most of this season’s core together. Belt has been one of the sport’s most productive offensive players on a rate basis over the past two years. But he’s also 33 years old, has a long injury history and is striking out at the highest rate of his career.

San Francisco bought low on DeSclafani over the winter after he had a tough 2020 season with the Reds. He’s bounced back to post a very strong 3.26 ERA, although his peripherals are closer to average and he’s benefitted from opponents’ .257 batting average on balls in play. The Giants will likely see 4/5 of their starting rotation hit free agency this winter, so they could be eager to bring DeSclafani back, even if that comes via a lofty 2022 salary.

Morton has had another productive season in his first year as a Brave, but his previous two teams (the Astros in 2018 and the Rays in 2020) let him reach free agency without making a qualifying offer despite his consistently strong track record. That’s presumably due to concerns about his past injury history and age. He’ll turn 38 this winter and might check his potential earning power by limiting himself to teams in the Southeastern part of the country — as he reportedly did last offseason. That could inspire the Braves to pass on a QO, but Morton continually reels off above-average performances, and this is an Atlanta front office that has been eager to dole out hefty single-year salaries for key veteran upgrades in recent years.

Iglesias looks like the top impending free agent reliever (assuming the White Sox exercise their option over Craig Kimbrel). He’s sporting an ERA under 3.00 for the fifth time in his six seasons since moving to the bullpen, and he’s never had a single-season SIERA above 3.55. Home runs have been an issue, but Iglesias gets above-average results year in and year out and has some of the best strikeout and walk numbers in the game in 2021.

Long Shots

The Giants hold a $22MM club option (with a $3MM buyout) over Posey’s services for next season. If the front office is willing to commit him a significant salary, they’ll just exercise the option rather than going the QO route. Indeed, they’re reportedly planning to do exactly that (or to potentially pursue a multi-year extension with the franchise icon). Either way, there’s no real reason to involve the qualifying offer here.

Canha would be a very plausible qualifying offer candidate on many teams. He’s been a well above-average hitter and overall performer three years running and is generally one of the game’s more underrated players. The A’s, though, didn’t make a QO to either of Semien or Liam Hendriks last season. Canha’s a Bay Area native, and his age (33 in February) will cap the length of offers he receives from other clubs. Given that, it’s not hard to envision him accepting a QO if offered. The A’s, who perennially run low payrolls and will have a loaded class of arbitration-eligible players this winter, don’t seem likely to take that risk.

Wainwright has had a fantastic 2021 season, and the Cardinals figure to be motivated to keep the franchise icon in St. Louis in some capacity. But that also looked to be true after his strong 2020 campaign, and Wainwright only wound up landing a one-year, $8MM deal. He’d be well-deserved in demanding a raise over that sum to return next season, but it remains to be seen if the Cardinals would be willing to chance more than doubling his salary  — particularly if they feel Wainwright’s motivated to remain in St. Louis rather than pursue the highest possible offers in free agency.

Kluber signed an $11MM deal with the Yankees last offseason after back-to-back seasons wrecked by injury. He pitched well through ten starts but has been out since late May with a shoulder strain. Kluber’s nearing a return to action, but his missing nearly three months only adds to prior concerns about his ability to handle a significant workload at this stage of his career.

Kim, García and Wood are all having strong 2021 seasons and could plausibly land solid multi-year deals this winter. Each has enough question marks that their teams don’t seem especially likely to offer a salary in the range of the qualifying offer, though. Kim doesn’t miss many bats; García has had extreme highs and lows throughout his career; Wood has a checkered injury history. García’s contract contains a $12MM club option that vests into a mutual option if he reaches 492 plate appearances this season. If that option doesn’t vest, the Brewers would obviously have no incentive to decline the option only to make a qualifying offer at a higher price point.

Opt-Out Clauses

Each of Arenado (six years, $179MM), Castellanos (two years, $34MM) and Martinez (one year, $19.35MM) has significant guaranteed money remaining on their contracts but can opt out of those deals this winter. Arenado and Castellanos would be locks to reject qualifying offers if they trigger their opt-out provisions, since they’d be foregoing bigger guarantees to test the market.

Martinez’s player option is of similar enough value to the projected value of the qualifying offer that he could plausibly trigger the opt-out but then accept a QO. Even if that proved to be the case, the Red Sox would probably be happy to keep him in the middle of the lineup for another season.

Ineligible

Angels Make Raisel Iglesias Available In Trade Talks

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The Angels have added another entry to an already wild relief market, as MLB Network’s Jon Heyman reports that Los Angeles has made closer Raisel Iglesias available in trade negotiations.

It would be the second trade in eight months for Iglesias, who was somewhat surprisingly acquired by the Angels last December as Cincinnati was looking to unload the $9.15MM salary owed to the closer in the final year of his contract.  In terms of both 2021 success and overall track record, Iglesias is quite possibly the best closer on the market now that Craig Kimbrel has been dealt, so teams who missed out on Kimbrel could now turn Anaheim’s way.

It isn’t yet clear that Iglesias will actually be moved, of course, and the Angels might just be doing their due diligence in seeing if they can score a big offer for the veteran right-hander.  But just the fact that the Halos are listening on Iglesias represents some change of direction for the 51-51 Angels, who are six games out of a wild card spot and 11.5 games back of the AL West lead.  With Jared Walsh now on the injured list and some continued uncertainty about when Mike Trout will be able to return from the IL, it could be that Los Angeles is already looking ahead to 2022.

If the Angels were indeed still planning to make a big push this year, it can be argued that with their overall shaky bullpen, Iglesias might be one of the last players they’d look to trade.  Iglesias has enjoyed an outstanding season, with a 3.23 ERA and only a 1.95 SIERA over 47 1/3 innings, and his 38.6% strikeout rate and 4.3% walk rate are both among the league’s best.  The 31-year-old is making a strong case for himself in free agency this winter, and he can add to that platform by perhaps helping a contender achieve some playoff success.

NL Central Notes: Carpenter, Alvarez, Cubs, Lindor, Reds, Eckstein

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After struggling in both 2019 and 2020, Matt Carpenter has reshaped his offseason training routine in advance of what he considers to be a make-or-break year or perhaps even his final year in the big leagues, Carpenter tells Rick Hummel of the St. Louis Post-Dispatch.  Carpenter’s contract with the Cardinals is up after the 2021 season, unless he records at least 550 plate appearances to trigger an $18.5MM vesting option for 2022.  “As far as guarantees, this is the last guaranteed trip to spring training, period, for me.  Maybe for any baseball team, let alone St. Louis,” Carpenter said.  “I think about that, and that’s why I say it’s such an important season for me personally.  And that’s not even to say whether I want to play past this season.  I just want to finish strong.”

Carpenter is entering his age-35 season, and he is likely correct in guessing that another tough year will greatly lessen his chances at anything beyond a low-cost MLB contract or even a minor league deal next winter.  Carpenter finished ninth in NL MVP voting as recently as 2018, but has since hit .216/.332/.372 over 661 plate appearances in 2019-20.  Between the Cardinals’ COVID-19 outbreak and the compressed schedule of make-up games once they returned to play, Carpenter didn’t feel the 2020 season was “a fair representation, hitting or pitching, good or bad” for the entire club.  Still, Carpenter knows he needs to get on track, saying “the last two seasons, in my eyes, our offense has been about a bat short….I have basically been the one bat missing.  I put a lot of the responsibility for the offensive woes the past two seasons on myself.”

More from the NL Central…

  • As rumors swirl about Kris Bryant trade talks between the Cubs and Mets, Mike Puma of the New York Post reports (via Twitter) that Chicago has a particular interest in Mets catching prospect Francisco Alvarez.  Currently ranked by MLB Pipeline as the 58th-best prospect in all of baseball, it isn’t surprising that the Cubs (and probably many other teams) would like to have Alvarez in their farm system, particularly if Willson Contreras might also soon be dealt away from Wrigleyville.  In regards to a Bryant trade, it seems unlikely that New York would deal Alvarez for just one year of Bryant’s service.  Even with James McCann now signed to a four-year deal, Alvarez might still be the Mets’ catcher of the future since he is only 19 years old, so the Mets surely have their eyes on grooming Alvarez to be ready by the time McCann’s contract is up.
  • “The Reds were not involved in making any push to acquire Francisco Lindor” before the Indians dealt Lindor to the Mets on Tuesday, MLB.com’s Mark Sheldon writes.  Acquiring Lindor to fill their hole at shortstop would’ve been quite the pivot for the Reds, whose offseason focus to this point has largely been on cutting salary, between trading Raisel Iglesias to the Angels, non-tendering Archie Bradley, and being open to trade offers for many high-priced stars.  This isn’t to say that Cincinnati might not yet sign a shortstop from amongst the well-known free agent names still on the market, but Lindor was likely a bridge too far, given the prospect cost to pry him away from Cleveland and the likelihood that the Reds wouldn’t be able to sign Lindor to an extension beyond the 2021 season.
  • David Eckstein is leaving the Pirates after two years as a special assistant to the baseball operations department, according to Alex Stumpf of DK Pittsburgh Sports (Twitter link).  Eckstein made the move in order to spend more time with his family.  The former 10-league MLB veteran is best remembered for his role in helping both the 2002 Angels and 2006 Cardinals win the World Series, even capturing Series MVP honors with St. Louis.

Reds Trade Raisel Iglesias To Angels

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DEC. 10: Infielder Leo Rivas is the PTBNL headed to the Reds, the Angels announced. The 23-year-old Rivas ranked as the Angels’ 25th-best prospect at MLB.com, which writes that the switch hitter has consistently “shown the ability to get on base, run and defend” throughout his minor league career. He owns a .252/.380/.362 line with 87 stolen bases in 1728 plate appearances in the minors. Rivas reached the High-A level in 2019. The Angels, meanwhile, are getting $900K in cash, Mark Feinsand of MLB.com tweets.

DEC. 7: In an out-of-the-blue move, the Angels have acquired closer Raisel Iglesias and cash from the Reds in exchange for right-hander Noe Ramirez and a player to be named later, per announcements from both teams.

Raisel Iglesias | Charles LeClaire-USA TODAY Sports

It’s the latest indication that the Reds are looking to cut costs. In addition to their surprising decision to non-tender Archie Bradley last week, the Reds have also reportedly been open to moving right-hander Sonny Gray, who is owed two years and $20MM on his contract. Iglesias is signed for $9.125MM this coming season and will be a free agent following the 2021 season.

This is the second notable trade for the Angels under new general manager Perry Minasian, who last week acquired shortstop Jose Iglesias from the Orioles in exchange for a pair of minor league pitchers. Iglesias will give the Halos a more clearly defined closing option after non-tendering a slate of five relievers, including Hansel Robles and Keynan Middleton, last Tuesday.

Iglesias, 31 in January, has been the Reds’ primary closer for the past four seasons. He had something of a down year in 2019 but saw both his velocity and his bottom-line results rebound in 2020. This past season, Iglesias tallied 23 innings of 2.74 ERA ball with a terrific 31-to-5 K/BB ratio, eight saves and a 41.5 percent grounder rate. Since taking over the ninth inning following countryman Aroldis Chapman’s trade to the Yankees, Iglesias has been highly effective, pitching to a combined 2.95 ERA with 100 saves, 11.0 K/9, 3.0 BB/9, 1.13 HR/9 and a 37.5 percent ground-ball rate.

A return of Ramirez and a PTBNL suggests that from the Reds’ vantage point, this move was primarily a means of jettisoning Iglesias’ salary. Ramirez is two weeks older than Iglesias with a fraction of the track record. He’s pitched to a respectable 3.76 ERA over the past two seasons but done so with more questionable peripherals and primarily in low-leverage spots. Ramirez’s fastball sat at a career-low 88.8 mph in 2020 as his K/9 mark dropped to a career-low 6.0.

To his credit, Ramirez did have a nice year in 2019, when he gave the Angels 67 2/3 innings of 3.99 ERA and 3.72 FIP ball with averages of 10.5 K/9 and 2.7 BB/9. Statcast rated him in the 75th percentile or better in terms of average exit velocity, hard-hit rate, barrel rate, curveball spin and overall swinging-strike rate. It was a solid season, to be sure, but even that career-best year pales in comparison to the best efforts put forth by Iglesias.

Perhaps the Reds are hopeful that Ramirez can regain that form, and it’s certainly worth pointing out that he’s controllable through the 2023 season. However, Ramirez looked like a non-tender candidate just one week ago, and trading an established closer of Iglesias’ stature for a low-leverage reliever in need of a rebound looks like little more than a salary dump. If the PTBNL involved in the deal proves to unexpectedly be a prospect of note, the swap might look better, but the Reds have now jettisoned Iglesias and Bradley from an already problematic bullpen.

With Iglesias out of the picture, the Reds’ projected payroll drops from closer to $130MM to a bit more than $120MM. Lefty Amir Garrett and righty Lucas Sims are the in-house favorites to assume some of Iglesias’ high-leverage spots, particularly with Michael Lorenzen expected to move into the starting rotation. The Reds could still add some arms from outside the organization, but based on their activity to this point in the winter, it doesn’t seem likely that any additions will be especially high-profile in nature.

Reds Offense, Not The Bullpen, Responsible For Struggles In Close Games

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The Reds bullpen crumbled down the stretch in 2019, but confidence remains high in their core group of high-impact relievers, per Bobby Nightengale of the Cincinnati Enquirer.

They formed the league’s best unit over the first half of the season, but the pressure never let up as the Reds finished with more one-run margins than any other team in the game. 57 one-run games plus another 31 games with a two-run margin made the difference in an up-and-down season for Cincinnati. Interestingly, President of Baseball Ops pretty clearly assigned blame in these games to the offense, defending the bullpen in saying, “When they did let things get away, I think they were, at times, unfairly scrutinized because I really think when the offense had chances to provide separating runs, get big leads, jump out, we just didn’t get quite enough of that, taking pressure off the pitching at times.”

The bullpen finished middle-of-the-pack by ERA, FIP, and fWAR, though admittedly closer to the top than the bottom. Despite all the close games, the unit still finished 25th in innings pitched, a good indicator for the starting rotation. All things considered, the Reds enter the offseason feeling pretty good about Raisel Iglesias, Michael Lorenzen, Amir Garrett, and Robert Stephenson making up the core of their relief unit.

[RELATED – Three Needs: Cincinnati Reds]

All signs point to another eventful winter for the Reds, but it’s the offense where Williams is focusing his attention. Despite some breakout power in the forms of Eugenio Suarez and Aristides Aquino, the Reds finished 25th in the majors in runs scored. Their offense as a whole finished with just an 87 wRC+, also ranking 25th in the MLB. They have a ways to go to join the league’s elite in this regard: 11 teams finished with 100+ weighted runs created plus, 8 of whom made the postseason. The Cardinals 95 wRC+ was the lowest of any team in the postseason.

Closer Market Rumors: Diaz, Vazquez

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The Mets have numerous top trade chips on the market right now, including marquee offseason acquisition Edwin Diaz. The talented young closer remains highly valuable despite his 4.95 ERA, though it’s likewise true that there’s little chance the Mets would be able to recoup what they gave up to get him over the winter. Beyond the fact that Diaz is now just months away from arbitration, the Mets simply paid a hefty fee for Diaz at the outset. In addition to parting with rising prospects Jarred Kelenic and Justin Dunn, the club took on $64MM in new salary (after netting out the cash and salaries exchanged).

While that’s a particularly painful price in retrospect, the New York organization must now think primarily about what it wants its roster and payroll to look like moving forward. The latest on Diaz and the rest of the closer market:

  • Despite Diaz’s struggles in the earned-run department, there’s “significant” demand for his services, Ken Rosenthal of The Athletic reports (subscription link). At present, the Dodgers, Rays, Braves, and Padres are teams with active interest. Several of those teams have been linked clearly to Diaz of late.
  • While Rosenthal had also listed the Red Sox, who were connected yesterday to Diaz by ESPN.com’s Buster Olney, it seems that possibility has already fizzed. That match “remains unlikely,” Alex Speier of the Boston Globe reports on Twitter. MLB.com’s Mark Feinsand adds Raisel Iglesias of the Reds and Shane Greene of the Tigers as other top relievers unlikely to end up in Boston. (Twitter link.) The Braves, on the other hand, do indeed still seem to be in pursuit of Diaz. Per MLB.com’s Mark Bowman, via Twitter, the Mets have continued to examine the Atlanta farm. From the Braves’ side, it seems Diaz is the top target, with starters Noah Syndergaard and Zack Wheeler of ongoing but lesser interest.
  • If there’s a clear alternative to Diaz, it’s ace Pirates reliever Felipe Vazquez. The high-octane lefty has hit another gear in 2019, with 14.1 K/9 against 2.3 BB/9 to go with his shiny 1.87 ERA on the season. We’ve seen him connected recently to the Dodgers, but there’s no indication the sides have momentum. Indeed, Rosenthal adds (in the above-linked column) that the Bucs are putting such a high price on Vazquez that he “essentially is not available.” That may be a bargaining ploy to see if a rival comes forward with a monster offer, but it’s certainly understandable that the Pirates aren’t just putting Vazquez up for auction. Rosenthal cites anonymous front office opinion that the Pittsburgh roster doesn’t have enough to compete in the near-term to justify keeping an asset such as Vazquez. That may well be the case, but it doesn’t mean the club should sell him short — particularly after seeing what the M’s were able to pry from the Mets for Diaz last winter.

Reds Willing To Entertain Offers On Raisel Iglesias

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A pair of executives say the Reds are willing to listen to offers on closer Raisel Iglesias, according to Joel Sherman of the New York Post (via Twitter). The likelihood of a deal coming together isn’t clear at this point.

Iglesias, 29, has been one of the game’s more consistently effective closers for a few years now. But he’s mired in his worst season as a big leaguer. Meanwhile, the Reds’ hopes of maintaining competitiveness this year have taken a big hit over the past several weeks.

Through 43 innings on the season, Iglesias carries an unsightly 4.60 ERA. He does own a career-best 11.7 K/9, though he’s also dishing out too many walks (4.0 per nine) and long balls (1.9 per nine). That said, the 29-year-old is maintaining a career-best 15.6% swinging-strike rate and seems a candidate to bounce back if he can figure out how to get the home runsunder control.

Iglesias’s contract situation is also appealing. He’s earning $6MM this year with $9MM and $9.125MM guarantees for the ensuing two campaigns. That’s not especially cheap, but it’s quite a manageable rate of pay for an elite reliever — if that’s indeed how other organizations view him.

We’ve wondered in years past if the Reds would deal Iglesias, but the club has held its closer in hopes that the rest of the roster would catch up. There’s hope that high-leverage situations will have greater meaning in 2020, but perhaps also a sense that this could be an opportune moment to cash in on Iglesias. Several other quality relievers figure to be available, but the Giants’ run back into contention could also create a window for the Cincinnati organization to take advantage of a lack of supply.

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