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2011 Vestings Options Update

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The season started with nine vesting options to watch, but we're down to just five a little beyond the season's halfway point…

  • Trever Miller, Cardinals. The southpaw's $2MM option vests with 45 appearances. He's appeared in 31 of the team's 85 games, so he's on pace for 59. He should get there easily.
  • Alex Cora, Mets. Cora's $2MM option vests with 80 games (not necessarily starts), and he's already appeared in 48. He's on pace for 91 games. Luis Castillo's foot and Ruben Tejada's emergence could stand in Cora's way.
  • Darren Oliver, Rangers. His $3.25MM option will lock in with 59 appearances. He's already appeared in 37 games, so he should get there without a problem.
  • Ramon Hernandez, Reds. Hernandez must play in 120 games for his $3.25MM option to vest. He's appeared in just 57 of Cincinnati's first 86 contests, putting him on pace for 107 games. 
  • Magglio Ordonez, Tigers. Ordonez's $15MM option vests with 135 starts or 540 plate appearances. He's on pace for 141 and 615, respectively, so it'll take a lengthy stint on the disabled list to knock him off track.

The vesting options for Kerry Wood, Brian Fuentes, Billy Wagner, and Matt Cain have already been addressed.

2011 Vesting Options Update

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11:33am: ESPN's Adam Rubin explained in a chat today that Cora's option vests with 80 games rather than 80 starts.  Cora is on pace to play more than 90 games this year.

8:32am: We entered the season with nine vesting options to watch, but we're already down to five.  Let's take a look.

  • Trever Miller, Cardinals.  The lefty's $2MM option vests with 45 games.  So far he's appeared in 17 of the team's 52 games, putting him on pace for 53.  Miller appeared in ten games in May and is back on track. 
  • Alex Cora, Mets.  Cora's $2MM option vests with 80 starts.  He's started 19 of the team's 52 games, putting him on pace for 59 starts.  Cora will need to make about 15 starts per month from here on out to reach the target.  His 2011 contract may depend on Luis Castillo's foot problems and reduced playing time against righties. 
  • Darren Oliver, Rangers.  Oliver's $3.25MM option vests with 59 appearances.  He's made 24 in the team's first 50 games, putting him on pace for about 78. 
  • Ramon Hernandez, Reds.  Hernandez's $3.25MM option vests with 120 games played.  He's played in 33 of 52, putting him on pace for 103.  He'll need about 22 games per month to hit the target.  Ryan Hanigan's broken thumb is a factor.
  • Magglio Ordonez, Tigers.  His $15MM option vests with 135 starts or 540 plate appearances.  He's on pace for 156 games and 658 PAs, so even a DL stint wouldn't necessarily prevent Ordonez from locking in his 2011 salary.
  • As a reminder, the vesting options for Brian Fuentes, Billy Wagner, Matt Cain, and Kerry Wood have already been addressed. 

2011 Vesting Options Update

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We entered the season with nine 2011 vesting option situations to watch.  With one month in the books, several have already been pretty much decided.  Let's take a look.

  • Brian Fuentes, Angels.  A back strain put Fuentes on the DL for a little while, making it unlikely he reaches 55 games finished.  He'd need 51 in the team's remaining 136 games to cause his $9MM option to vest.
  • Billy Wagner, Braves.  Wagner's $6.5MM option vests with 50 games finished.  He's finished eight games so far, and would have a shot at 50.  However, the 38-year-old lefty recently told Braves manager Bobby Cox he'll retire after the season.
  • Trever Miller, Cardinals.  His $2MM option vests with 45 games, and he's appeared in seven so far.  That's behind Miller's typical pace; he's averaged 71 the last three years.  It's probably random, and Miller should still reach 45 games. 
  • Matt Cain, Giants.  The $6.25MM option probably would've vested, but the Giants decided to guarantee Cain's 2011 salary at $7MM as part of an extension.
  • Kerry Wood, Indians.  His $11MM option vests with 55 games finished, but a back injury has Wood just now approaching his 2010 big league debut.
  • Alex Cora, Mets.  His $2MM option vests with 80 starts.  He's started ten games so far.  With Luis Castillo and Jose Reyes in the Mets' middle infield, we can't rule this one out yet.
  • Darren Oliver, Rangers.  His $3.25MM option vests with 59 appearances.  He's already made a dozen, so this is looking likely.
  • Ramon Hernandez, Reds.  His $3.25MM option vests with 120 games played.  Hernandez is at 16 so far, with the red-hot Ryan Hanigan getting more playing time recently.
  • Magglio Ordonez, Tigers.  His $15MM option vests with 135 starts or 540 plate appearances.  He's at 25 games started and 113 plate appearances, so he'll get there barring injury.
  • We're down to five vesting options to monitor: Miller, Cora, Oliver, Hernandez, and Ordonez.  Also keep an eye on Francisco Rodriguez, whose scary $17.5MM option for 2012 vests with 100 games finished in 2010-11, 55 games finished in '11, and a successful physical after the '11 season.  K-Rod has finished nine games on the young season.

2011 Vesting Options

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Vesting options are always fun for hot stove junkies to follow during the season.  Last year we had Kevin Millwood's $12 Million Out and the Tigers allowing Magglio Ordonez's pricey option to vest.  2011 vesting options to watch this year:

  • Brian Fuentes, Angels: $9MM option vests with 55 games finished.  Fuentes has finished 55+ three times in his career, last year included.  Fernando Rodney will be lurking.
  • Billy Wagner, Braves: $6.5MM option vests with 50 games finished.
  • Trever Miller, Cardinals: $2MM option vests with 45 games, but reverts to a club option with a left arm or shoulder injury.
  • Matt Cain, Giants: $6.25MM option vests with 182.3 innings or 27 starts.  The Giants will exercise this even if it doesn't vest, as the alternative will be going to arbitration with Cain and potentially paying him more.
  • Kerry Wood, Indians: $11MM option vests with 55 games finished.  A trade into a non-closing job could affect Wood's bank account.  That's three closers whose GF totals we'll be monitoring. 
  • Alex Cora, Mets: $2MM option vests with 80 starts.
  • Darren Oliver, Rangers: $3.25MM option vests with 59 appearances.
  • Ramon Hernandez, Reds: $3.25MM option vests with 120 games played.
  • Magglio Ordonez, Tigers: $15MM option vests with 135 starts or 540 plate appearances.
  • Note that a game finished is given to the last non-starting pitcher of record.  Also, thanks to Cot's Baseball Contracts for the info.

Jocketty Downplays Payroll Concerns

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If the Reds are really slashing payroll this winter, $3MM on Ramon Hernandez seems an unnecessary luxury.  Talking to MLB.com's Mark Sheldon, Reds GM Walt Jocketty explained that his team isn't necessarily slashing payroll:

"All of that stuff was speculation by a number of different writers.  They see that our attendance is down and so that must mean our payroll will go down. We were grouped in with clubs that are reducing payroll but we're not in that position and hopefully won't be."

Still, even maintaining a $73MM payroll won't be easy.  Counting Hernandez, the Reds already appear to be past $75MM in commitments.  The true test will be if Bronson Arroyo or Aaron Harang is dealt – will the players coming back be helpful or will it mostly be salary relief?

Reds Re-Sign Ramon Hernandez

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12:06pm: MLB.com's Mark Sheldon tweets the contract details: $3MM in 2010, with the vesting option worth $3.25MM.

9:59am: The Reds re-signed catcher Ramon Hernandez to a one-year deal, according to Ken Rosenthal of FOX Sports.  Rosenthal says the deal includes a 2011 option that vests with 120 games played in '10.  The dollars are not yet known, but the Reds had declined Hernandez's $8.5MM option for next year.

Hernandez, 33, hit .258/.336/.362 in 331 plate appearances this year for Cincinnati after coming over in a December trade from the Orioles.  He missed time with arthroscopic knee surgery.  Hernandez was out-hit by his backup Ryan Hanigan, and I was surprised to see the Reds' eagerness to re-sign the veteran given their tight payroll.

Reds Talk: Votto, Budget, Olivo

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John Fay of the Cincinnati Enquirer has the latest on the Reds, after talking with GM Walt Jocketty.

  • Asked about trading Joey Votto, Jocketty replied, "Oh God, no."
  • The Reds are restricted by their payroll, but Jocketty said, "not yet" as far as trading players to make the budget.  Check out our Reds Offseason Outlook for details on their commitments.
  • If the Reds can't negotiate a new deal with Ramon Hernandez, Fay feels that they might consider free agent catcher Miguel Olivo.

Reds Notes: Ramon Hernandez, Hardy

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MLB.com's Mark Sheldon has the latest on the Reds…

  • GM Walt Jocketty told Sheldon the Reds will decline catcher Ramon Hernandez's $8.5MM option, as expected.  Jocketty hopes to negotiate a new deal with Hernandez.  Bad news for Ryan Hanigan, who posted a .361 OBP in 293 plate appearances this year.
  • Jocketty hopes to re-sign catcher Corky Miller and outfielder Darnell McDonald to minor league deals.
  • Jocketty said he talked to the Brewers several times about J.J. Hardy, but "We didn't match up and they didn't want to trade within our division, which was understandable."  It's a sign that the Reds may not be content with Paul Janish as their starter.
  • Check out our Offseason Outlook for more Reds analysis.

Reds Negotiating With Ramon Hernandez

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The Reds seem certain to decline their $8.5MM club option on catcher Ramon Hernandez for 2010 and buy the 11-year veteran out for $1MM.  The only question now is whether or not Cincinnati will part ways with Hernandez or whether they'll bring him back at a more club-friendly price. 

Cincinnati GM Walt Jocketty told John Fay of the Cincinnati Enquirer that he had met with Hernandez's agent, and gave a very neutral view of the negotiations between the team and the player: "We’ve made some progress. I don’t know if we’re close. But we’ll try to work something out.”  As MLB.com's Mark Sheldon noted, the Reds could also decline Hernandez's option but offer him arbitration, thus putting themselves in line for a first-round sandwich pick if another team signed Hernandez, a Type B free agent.

Hernandez hit .258/.336/.362 in 331 plate appearances last season, appearing in 55 games behind the plate and 30 games at first base.  He played in just four games after July 16 due to arthroscopic knee surgery.

Odds & Ends: Holliday, Putz, Lopez, Teahen, Reds

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It's been a busy first day on the hot stove, so here's another batch of links…

  • Derrick Goold of The St. Lous Post Dispatch says there are eight teams "that have the need and the financial wherewithal" to sign Matt Holliday. It's the usual suspects (i.e. big market clubs), and Goold explains why each may be interested in Holliday.
  • Craig Landis, agent for J.J. Putz, said that his client "hasn't ruled out returning to the Mets with a cheaper, incentive-laden deal," according to Bart Hubbuch of The NY Post. Earlier today we learned that the Mets informed Putz that they wouldn't be picking up his 2010 option.
  • MLB.com's Adam McCalvy says the Brewers are waiting to see whether Felipe Lopez qualifies as a Type-A or B free agent, and that will likely play a role in their decision whether or not to offer him arbitration. Eddie Bajek's work projects Lopez to be a Type-B, but he's right on the cutoff.
  • ESPN's Keith Law loves the Mark Teahen trade for the Royals, noting that they traded one average player close to free agency for two average players with several years of team control left.
  • John Fay of The Cincinnati Enquirer reports that Reds' relievers Nick Masset and Jared Burton are arbitration eligible as Super Two's, but Micah Owings is not.
  • Meanwhile, the Reds are expected to decline Ramon Hernandez's $8.5MM option for 2010, according to MLB.com's Mark Sheldon. 
  • David O'Brien of The Atlanta Journal Constitution has some quotes from Tim Hudson about his contract extension.
  • Did you catch Mariano Rivera saying that he wants to play another five years during the Yankees' World Series celebration last night? It turns out he wasn't kidding. Chad Jennings of The Journal News quotes the Yanks' closer as saying “I’m serious. I hope the organization does whatever it takes to bring me back.”
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