Sean Manaea

Stearns: Mets Need To Add Multiple Starting Pitchers

By Darragh McDonald | October 23, 2024 at 5:35pm CDT

The Mets had a good run in 2024 but came up just short of the final goal, getting eliminated by the Dodgers in the NLCS a few days ago. President of baseball operations David Stearns met with members of the media today to discuss the season that was and the offseason ahead, with SNYtv relaying the entire half-hour press conference on X.

Stearns discussed a number of topics but a major theme was the club’s high number of departing free agents. Each of Pete Alonso, Jose Quintana, Luis Severino, Harrison Bader, J.D. Martinez, Jesse Winker are Jose Iglesias headed to the open market, along with a number of relievers. Sean Manaea is also going to be added to that list eventually, once he officially declines his $13.5MM player option.

That leaves a lot of holes on the roster but also means a lot of money is coming off the books. The Mets also ate money in facilitating trades in previous years, sending out players like Max Scherzer, Justin Verlander and James McCann. Those contracts are also expiring now, freeing up even more cash. RosterResource projects the Mets for about $161MM for next year’s roster, well below this year’s $336MM. A few non-tenders and Manaea opting out will widen that gap even farther.

“We’ve got financial flexibility,” Stearns said when asked about that subject. “It means that pretty much the entirety of the player universe is potentially accessible to us. That’s an enormous opportunity. I envision us taking advantage of that opportunity and being aggressive in certain spaces.”

Since Steve Cohen has purchased the club, the Mets have been one of the top clubs in terms of spending, often at the very top of payroll lists. Stearns was only hired a year ago and an unknown factor in the Mets’ future is how he will operate with that spending capacity, after spending most of his career with a lower-spending club in Milwaukee.

His first offseason running the Mets saw the club spread the money around to various players but without any long-term commitments. He signed nine players to one-year deals with Manaea the only player to get even a second season, and even that came with an opt-out after one year. That offseason came after a disappointing 2023 campaign that turned the Mets into sellers, which included the aforementioned Scherzer and Verlander deals, but still with lots of money tied up. What remains to be seen is if Stearns will now act differently on the heels of a more successful season and with much more powder dry.

“We also have to recognize,” Stearns continued, “that we want to set up our organizational pattern so that we can invest in free agency, invest where we think we need to to complement the club on an annual basis. So, you’re right. We have a lot of money coming off the books. I would expect us to spend some of that, a good portion of that, to complement our team, to improve our team heading into next year. We’re also not going to do anything that hamstrings us in future years and prevents us from continually adding, supplementing to our core.”

Those comments could be interpreted in many ways. Even the highest payroll clubs want to spend their money as wisely as possible, which is naturally part of what he’s referencing here. While that could perhaps be a suggestion that the club will have some restraint with their new spending capacity, he also wouldn’t be doing himself any favors by coming out and baldly declaring that he was planning on spending his winter throwing money out the back of a train. Simply for leverage in contract talks, it makes sense for him to play his cards close to the vest when discussing plans like this.

Time will tell whether this offseason will see the Mets signing a bunch of superstars or making more measured additions, but Stearns didn’t shy away from the rotation question. As mentioned, the club is set to lose a bunch of players, including three starting pitchers in Manaea, Severino and Quintana. Each of those guys topped 170 innings in 2024, so the combined subtraction of that trio will be significant. Christian Scott also underwent UCL surgery in September and will likely miss all of 2025.

Next year’s rotation currently projects to include Kodai Senga, David Peterson and Tylor Megill. Senga missed most of 2024 due to various injuries while Peterson and Megill are a tier below fully established starters, as the Mets have moved each to the minors or the bullpen on occasion. Stearns was asked about Peterson, Megill and José Buttó but wouldn’t commit on whether any of those guys would be more likely to be in the rotation or bullpen in 2025. The club can retain Paul Blackburn via arbitration but he has battled multiple injuries in his career and recently underwent a spinal procedure that’s going to take months to recover from, which could lead to a non-tender.

“We faced a similar task last offseason. We’re going to have to replace innings,” Stearns said when asked about the rotation. “Certainly, part of that could potentially be from some of those guys returning or we may look elsewhere. But we’re going to have to add starting pitching. We’re going to have to add multiple starters. We understand that. We went into last offseason with the same need and I think we’ll be able to do it.”

Last winter, the rotation was without Verlander and Scherzer after those trades while Carlos Carrasco had also become a free agent. As mentioned, Stearns gave a one-year deal to Severino while Manaea got two years with an opt-out, and the club also acquired Adrian Houser from Milwaukee.

The Severino and Manaea deals both worked out well, which is why Manaea is now slated to opt-out and is also likely to receive a qualifying offer. Severino could get one as well but is perhaps more of a borderline case, as explored by MLBTR’s Anthony Franco yesterday.

The Mets could look to bring those guys back, as Stearns said, but the market will have other options. Corbin Burnes, Blake Snell, Max Fried and Jack Flaherty will be the top free agents this winter and could command nine-figure deals. Stearns never spent on pitching in that way with the Brewers but was also working with far less spending capacity. He continued to invest somewhat modestly last winter but perhaps could pivot now that the Mets are in a different position than they were a year ago.

If he and the Mets prefer to stick to a lower level of free agency, Manaea, Severino and Quintana will be there alongside guys like Yusei Kikuchi, Michael Wacha, Nick Pivetta, Nathan Eovaldi and others. Despite all the available payroll space, Stearns said he still planned to explore the trade market, which would be another path to upgrading the rotation. Garrett Crochet, Sonny Gray, Zack Littell and just some of the names that could speculatively available in that space.

Along somewhat similar lines, there is the Pete Alonso question. Stearns never spent big money on first basemen during his time in Milwaukee, with the three-year, $15MM deal for Eric Thames being his largest investment in that position. Alonso will certainly command more than that and reportedly already turned down an extension offer of $158MM from the Mets in June of 2023, before Stearns was hired.

The merits of spending that kind of money on a first baseman whose contributions are mostly in the power department can be debated, but Alonso is also a franchise icon at this point, thanks to his homegrown status as well as his crowd-pleasing performances in home run derbies and playoff games. Stearns said the club would love to have the Polar Bear back but that Alonso deserves to explore the free agent market.

“All of that is important,” Stearns said, when asked about weighing Alonso as a player but also as a staple of the franchise. “Who Pete is as a person is important. What he means to this franchise is important. Who he is as a player is also important and what he contributes on the field. There’s no magic formula to this. There’s no equation that spits out what all of that is for us. And so, there’s judgment involved. There’s evaluating the market involved. And we’ll see how this process goes throughout the offseason.”

Stearns was also asked about hiring a general manager, which he didn’t seem in a rush to do. Billy Eppler was going to work in that role under Stearns until he stepped down a year ago after it was revealed he was under investigation for the club misusing the injured list. Stearns said he is happy with the current front office makeup and doesn’t plan to do any kind of GM search, though he would consider making a hire if someone intriguing became available.

There’s still plenty to be determined in exactly how the Mets will operate this winter, but given the number of openings on the roster and the club’s spending capacity, it doesn’t seem like anything is off the table at this point.

Mets Notes: JDM, Quintana, Manaea

By Steve Adams | October 21, 2024 at 11:30am CDT

A season filled with OMGs and Grimace memes came to an end this weekend when the Dodgers toppled the Mets in a 10-5 win that propelled L.A. to a World Series showdown and left the Mets looking ahead to the 2025 campaign. New York’s roster is teeming with veteran free agents, and president of baseball operations David Stearns and his staff will have their work cut out for them in reshaping the roster this offseason. Several outgoing Mets free agents made clear they’d have interest in returning, including some aging vets who are getting into the latter stages of their career.

Designated hitter J.D. Martinez joked “pickleball” when asked what the future held for him (video link via SNY). The 37-year-old slugger said first and foremost, his future includes heading home to be with his new daughter, who he has barely seen since she was born in September. Beyond the family time, Martinez made clear that he hopes to continue his playing career but only if teams take the initiative. “I’m not going to come back because I’m begging to come back,” said Martinez. “I’m going to come back because it makes sense. At the end of the day, time is the most valuable thing.”

Presumably, that means there’s a price point at which Martinez won’t feel compelled to commit to further time away from his growing young family. But the slugger also recently appeared on the Baseball Isn’t Boring podcast and told host Rob Bradford that frustration over a general lack of interest last offseason led him to ponder retirement.

“I felt like it was just an awkward year,” said Martinez (video link). “Here I am, the team’s breaking in five days, and I don’t even have a team yet. Your brain goes into a weird mode, where you’re like ’Am I playing? Am I not? Am I playing? Am I not? Is this it? Am I retired? … We weren’t asking for anything that, at the time, I feel like other players hadn’t gotten.”

Martinez went on to say that he waited all offseason for offers to materialize and “100%” considered retiring, even telling his best friend: “I think this it. I’m staying home. This is dumb. I’m begging for a job, and I had a .900 OPS last year.”

Heading into the 2024-25 offseason, Martinez won’t be coming off the same type of campaign he enjoyed with the Dodgers in 2023. During his lone year in L.A., he bashed 33 homers and hit .271/.321/.572 in 479 plate appearances. Martinez was still a clearly above-average bat this past season, but a sluggish start after signing late (March 23) and a dismal finish to the season left him with a .235/.320/.406 batting line. That was about eight percent better than average, by measure of wRC+ (108).

An optimist could toss out a slow two weeks to start the season and overlook that finish to see that from mid-May through late August, Martinez hit .251/.336/.459 with 16 homers in 387 plate appearances, but teams won’t be so charitable as to just write those struggles off and focus only on his peak in-season production. Martinez did note that he’s encouraged by his batted-ball metrics even though the ultimate production wasn’t in line with his best work, and to his credit, he maintained excellent marks in terms of exit velocity, barrel rate and hard-hit rate. He also cut back on his career-worst 2023 strikeout rate and improved his walk rate to its highest level since 2019.

Teammate Jose Quintana was more direct and more straightforward in his intentions to return next year. The 35-year-old lefty told reporters (link via ESPN’s Jesse Rogers): “I’m healthy. I feel good. I want to try one more time to win a championship. This was the closest I’ve been in my career. One day I’m going to get the opportunity.”

Quintana, 36 in January, pitched 170 1/3 innings of 3.75 ERA ball for the Mets in 2024 — the second season of a two-year, $26MM free agent deal. His 18.8% strikeout rate and 8.8% walk rate don’t necessarily support that level of success, but Quintana was a reliable source of innings and has a lengthy track record of quality rotation work in the majors. Starting pitching is always in demand, and he has a good chance at commanding another eight-figure salary on a one-year deal — if not potential to find a similar two-year deal to the one he just completed.

Age considerations aren’t as prominent for 32-year-old Sean Manaea, who’s all but a lock to decline a $13.5MM player option in search of a multi-year deal in free agency. Manaea has signed back-to-back “prove it” deals, so to speak, signing consecutive two-year deals with opt-out opportunities. He opted out of his deal with the Giants following the 2023 season, will opt out of his Mets deal next month, and is now finally in position to command the type of lengthier multi-year deal that’s eluded him to this point in free agency. The Mets will very likely make him a qualifying offer, but even with draft compensation attached to his name, Manaea could command a three-year pact this time around.

The left-hander pitched a career-high 181 2/3 innings, plus another 19 in the postseason. His regular season ended with a 3.47 ERA, 24.9% strikeout rate and 8.5% walk rate. He was hit hard in his final start — the one that ended the Mets’ season — but held opponents to five runs in 17 innings across his first three postseason starts (2.65 ERA).

Time will tell whether Manaea is back in New York, but the southpaw emphasized how much he loved his time with the organization and called the 2024 campaign the best season of his career (link via Christina De Nicola of MLB.com). “I love my time here,” said Manaea. “I love New York. I love the organization. I love all the people here. Definitely give it a couple of days, let the body rest and then we’ll go from there.”

In addition to the trio of Martinez, Manaea and Quintana, the Mets will also see Pete Alonso, Luis Severino, Harrison Bader, Brooks Raley, Adam Ottavino, Jesse Winker, Jose Iglesias, Drew Smith and Ryne Stanek all become free agents after the World Series.

Sean Manaea Expected To Opt Out Of Mets Deal In Offseason

By Steve Adams | September 3, 2024 at 11:59pm CDT

Left-hander Sean Manaea has signed two-year deals with opt-out provisions in each of the past two offseasons and is poised to reenter the market for a third straight winter. USA Today’s Bob Nightengale writes that Manaea will opt out of the second year and $13.5MM on his deal “barring unforeseen circumstances.” The lefty himself spoke to Nightengale about his recent pair of short-term deals, noting that he’d certainly consider a longer-term pact but unlike many other players doesn’t mind the short-term, opt-out-laden route.

“I like to think it’s fun because it’s a new adventure,” Manaea told Nightengale. “I mean, it’s a little nerve-wracking when you’re not with a team most of the offseason, but it’s all part of the adventure.”

Manaea, 33 in February, is in the midst of one of his best seasons. He’s started 27 games and pitched 150 1/3 frames with the Mets, working to a sharp 3.35 ERA with a 25% strikeout rate and 8.8% walk rate. After favoring his four-seamer over the past two seasons with the Padres and Giants, Manaea has returned to the sinker he sported with the Athletics as his primary offering, throwing the pitch 40.8% of the time. He’s maintained the increased usage of his slider (26%) at the expense of his changeup (11.7%) — while still throwing occasional four-seamers and cutters.

The new pitch blend has proven largely effective. Manaea is averaging 5 2/3 innings per outing, sitting on what’s nearly a career-high strikeout rate and only issuing walks at a slightly above-average clip. He’s kept the ball in the yard (0.96 HR/9) and done a decent job avoiding hard contact (88.8 mph average exit velocity, 38.2% hard-hit rate). He’s not drawing tons of chases off the plate (27%), but his opponents are making contact on those swings at the second-lowest rate of Manaea’s career (53.4%).

Manaea has long seemed capable of putting together this type of season. He regularly posts better-than-average walk rates and average or better strikeout rates. He was in the consideration to go in the top 10 selections of the 2013 draft but slipped to the No. 34 pick by the Royals due to a hip injury. That was the first of a few notable injury scenarios for Manaea, who most notably missed nearly all of the 2019 season after undergoing shoulder surgery late in the 2018 campaign.

Since that surgery-ruined season, Manaea has been a durable source of innings. He started a nearly full slate of 11 games in the shortened 2020 season and has since appeared in 32, 30, 37 and 27 games per season. The Giants frequently used him as a multi-inning reliever and bulk pitcher behind openers in 2023, hence that year’s 27 relief outings, but he still pitched 117 2/3 frames that year. Manaea hasn’t been on the injured list since returning from that 2018 shoulder procedure.

Given how well he’s pitched for much of the season, it’s hardly surprising that Manaea is intent on once again exploring free agency. A guaranteed multi-year deal should be there this time around, unless Manaea has come to enjoy the mercenary life and having say over his team on a yearly basis. Because he’ll he heading into his age-33 season, a four-year deal is likely the ceiling, and three years seems more reasonable to expect. Even if Manaea “only” secures a two-year guarantee, he’d almost certainly do so while signing for an annual value higher than the $13.5MM under his current contract.

The more interesting question surrounding Manaea will be one of the qualifying offer. The Mets can extend a QO to Manaea if he declines his player option, thus entitling themselves to a compensatory draft pick if Manaea signs elsewhere. They’d need to be comfortable paying Manaea the projected $21.2MM sum of this year’s QO, however.

On its surface, that’s a drop in the bucket for a deep-pocketed club like the Mets. But the Mets have paid the luxury tax every season under Steve Cohen’s ownership, falling into the top tier of penalty in the past two seasons. RosterResource projects them for a $171MM figure next year that’s well below the forthcoming $241MM tax barrier, but the Mets could see Manaea, Pete Alonso, Luis Severino, Jose Quintana, J.D. Martinez, Adam Ottavino, Harrison Bader, Ryne Stanek, Brooks Raley, Phil Maton and Jesse Winker all hit free agency. They’ll have many, many holes to fill and it won’t take much to push them right back up into luxury territory.

If the Mets return to the top tier of penalization — they’re already rumored to be among Juan Soto’s suitors and will presumably pursue other high-end targets, particularly in the rotation — that would mean a 110% tax on that salary. That’d be a total of $44.52MM if Manaea accepts. Even if they’re in a lower tier, a 62% tax or 95% tax would still put Manaea’s total expenditure on a QO in the $34-41MM range. And, as a luxury-paying team, the Mets would only receive a comp pick after the fourth round in the event that Manaea signed elsewhere. That minimal compensation and huge tax bill might allow Manaea to hit the market without the burden of draft compensation, which would only further strengthen his free-agent case on the heels of a strong season.

The Risk/Reward Of Acquiring Players With Opt-Outs

By Anthony Franco | July 1, 2024 at 5:39pm CDT

With four weeks until the trade deadline, a lot remains uncertain. Most teams still find themselves in a muddled middle and will wait until the last few days to determine how aggressively they'll buy or sell. That's especially true in the National League, where nine teams are within six games of one another as they fight for the final two Wild Card spots. The Mets, Giants and Cubs are among those borderline contenders. It wouldn't be especially surprising to see any of them wind up as sellers depending on how they play over the next few weeks.

The Mets are the NL's top non-playoff team and approaching the deadline as a buyer for the moment. Dropping a few games back in the standings by the end of the month could change that mentality. San Francisco and Chicago are a little further out and perhaps likelier sellers. Cubs president of baseball operations Jed Hoyer suggested late last week that the team would need to perform better to avoid a sell-off. Why focus on those three specifically? Each has a notable player who'd be desirable trade candidates if not for their contract structures.

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Mets Currently Have Buyer Mentality, Could Focus On Bullpen Help

By Steve Adams | July 1, 2024 at 1:44pm CDT

A month ago, the Mets looked like also-rans in the National League playoff picture. They followed up a 9-19 showing in the month of May with a pair of losses to begin June, but the Mets have since turned things around in dramatic fashion, going 16-6 over their past 22 games. Manager Carlos Mendoza’s squad is still a game under .500 and has minimal hope of catching the best-in-MLB Phillies (55-29), who lead the NL East by a margin of eight games over the Braves and 13.5 games ahead of New York. However, even at 40-41, the Mets are only two games out of the final spot for the final National League Wild Card spot.

Jon Heyman of the New York Post reports that as things stand right now, the Mets are approaching the July 30 deadline with an eye toward adding to the team. President of baseball operations David Stearns tells Heyman that the bullpen, specifically, is an “area of the team we’re going to continue to monitor.”

Mets relievers rank 14th in the majors with a 3.77 earned run average. Both their 3.73 FIP and 3.47 SIERA rank more favorably among MLB clubs, and the Mets’ bullpen leads all of baseball with a 26.8% strikeout rate on the season. They’re not without their flaws, however. The bullpen in Queens has a 10.5% walk rate that ranks as the fifth-worst in MLB. The Mets also just lost righty Drew Smith to probable Tommy John surgery, and they’ve had an uneven season from closer Edwin Diaz. The Mets’ $102MM closer posted a 5.40 ERA in 20 innings before landing on the injured list due to a shoulder impingement, returned to rattle off three straight scoreless innings (three strikeouts, no walks) — but then was hit with a 10-game ban following a failed foreign substance check in his most recent appearance.

For much of the season, the focus on the Mets has been about who they might have to peddle to contending clubs at the deadline. Pete Alonso’s name, in particular, has been a hotly debated topic, though Heyman writes that as of this time, the slugger “isn’t going anywhere.” So long as the Mets remain in arm’s reach of a postseason bid — particularly with considerable momentum on their side after their play in the past three weeks — it seems they’ll avoid straight sell-side transactions.

That said, both Heyman and SNY’s John Harper suggest there’s room for the Mets to walk both paths. New York’s pitching depth is improving with Kodai Senga on the mend. The Mets have several starters on short-term deals — Luis Severino and Jose Quintana most notably. The Post’s Mike Puma reported yesterday that the Mets could look to move some veteran starters, knowing that Senga is progressing toward a return while top prospect Christian Scott and young righty Jose Butto continue to impress in the upper minors.

Among their short-term veterans, Severino would presumably have the most value but is also the least likely to change hands. The longtime Yankee hurler has posted a 3.42 ERA in a team-high 97 1/3 innings with strong walk (8%) and ground-ball (50%) rates. Severino has a career-low marks in strikeout rate (18.5%) and swinging-strike rate (8.3%), but his revamped, sinker-heavy approach has nonetheless yielded impressive results. Moving him would register as a surprise, given that he’s presumably viewed as a leading candidate to make playoff starts, alongside a hopefully healthy Senga.

Lefty Sean Manaea, too, can become a free agent at season’s end. There are different sorts of hurdles when it comes to trading him. The veteran southpaw has turned in a 3.89 ERA in 76 1/3 innings with a strong 23.6% strikeout rate but also a career-worst 10.6% walk rate. More concerning for interested teams than his walk rate, though, would be the lefty’s contract. He inked a two-year, $28MM contract over the winter, but the second season of that deal is a $13.5MM player option.

Broadly speaking, teams are reluctant to trade for players who have player options and/or opt-out clauses on their contracts. Those clauses are pure downside for the acquiring team. If the player performs well or exceeds expectations post-trade, he’s all but assured taking the out clause and becoming a free agent. If said player incurs an injury or performs poorly, the acquiring team could be stuck with an additional year(s) of the player on a contract that outpaces his market value. Effectively, if the player performs well post-trade, he becomes a rental. If he plays poorly or gets hurt, it becomes an underwater multi-year contract.

Of the team’s veteran starters, Quintana might be the most straightforward option to change hands. The 35-year-old has had some struggles this season, posting a 4.57 ERA and proving uncharacteristically susceptible to home runs (1.42 HR/9). Quintana has a below-average 18.1% strikeout rate but a sharp 8.1% walk rate. He’s kept the ball on the ground at a strong 44.5% clip.

Quintana has also pitched much better of late. An eight-run drubbing at the hands of the Rays back on May 3 represents nearly 20% of the lefty’s total earned runs this season. He’s allowed three or fewer runs in 13 of his 16 starts this season and owns a tidy 3.70 ERA over his past eight trips to the hill. Quintana is earning $13MM this season, with about $6.36MM of that sum yet to be paid out as of this writing. For the Mets, there’s some extra incentive to shed some of that salary; they’re paying a 110% tax on it because of their current luxury tax status. Though Quintana himself is only owed that remaining $6.36MM, trading him would save the Mets just shy of $13.5MM when factor in luxury tax considerations.

It bears emphasizing that there’s no indication the Mets view shedding a veteran starter as a necessity or even a likelihood. Being open-minded to that sort of move is nothing new for Stearns, who made several trades of big league players during his time atop the Brewers’ front office — even when the Brewers were in the midst of a contending season. And, as with most teams currently on the Wild Card bubble, the current mentality is presumably subject to change. The Mets played themselves into this spot with a torrid late-June showing, but it stands to reason that if the pendulum swings in the other direction and they lose several games in a row to fall considerably further back in the standings as the trade deadline draws nearer, they’d consider operating more as a conventional seller.

2024-25 Player Option/Opt-Out Preview: June Edition

By Anthony Franco | June 4, 2024 at 5:03pm CDT

We’re two months into the 2024 season, meaning more than a third of the schedule has already elapsed. While there are still plenty of games remaining, there are enough in the books to affect the market of the upcoming free agent class.

That’s particularly true for players who can opt out of their current contracts. Player ages are for the 2025 season.

Cody Bellinger (29): Can opt out of final two years and $52.5MM on three-year guarantee

Bellinger didn’t find the $200MM+ offer he was seeking last winter. As with a few other high-profile Boras Corporation clients (more on them in a minute), he pivoted to a short-term deal that allowed him to return to free agency next winter. Bellinger is arguably out to the best start of the bunch and seems on track to head back to the open market. He can earn a salary of $27.5MM in 2025 or take a $2.5MM buyout. If he decides to stay with the Cubs, he’ll then get to choose between a $25MM salary for 2026 or a $5MM buyout.

The lefty-hitting center fielder has a .265/.325/.459 line with eight homers over 203 plate appearances. His 15.8% strikeout rate and 7.9% walk percentage are on par with last year’s levels. Bellinger is again succeeding despite a below-average 33.8% hard contact rate. He’s not performing at quite the same pace he did in 2023, but the overall profile remains the same: good contact skills with the ability to play center field and mediocre batted ball metrics.

It could set up another winter where Bellinger’s exit velocities are the subject of plenty of debate. Perhaps his camp will need to lower their asking price in the early stages of his free agency, but the initial decision to opt out would be a straightforward one if he continues at this pace. He’d still be fairly young for a free agent at 29. Now two seasons removed from his dismal 2021-22 production, he also wouldn’t be saddled with a qualifying offer. Bellinger received the QO last winter, so he cannot receive another in his career.

Matt Chapman (32): Can opt out of final two years and $36MM on three-year guarantee

Chapman also settled for a short-term deal after a tough finish to the 2023 season. The defensive stalwart inked a three-year, $54MM contract with the Giants early in Spring Training. He has a $17MM player option for next season and an $18MM player option for the ’26 campaign if he doesn’t take the first opt-out. There’s a $1MM buyout on a mutual option for 2027 as well.

Over 60 games in San Francisco, he’s hitting .238/.307/.411 with eight home runs. That’s slightly better than average production in this season’s diminished run environment. By measure of wRC+, Chapman has been nine percentage points better than average at the plate — right in line with his usual level. He’s putting the ball in play more than he ever had before, but he’s sacrificing a few walks and some of his typically huge exit velocities to do so. While this would probably be enough for Chapman to head back to free agency in search of a three- or four-year deal, it’s not likely to result in the nine-figure contract that seemingly wasn’t on the table last offseason.

Gerrit Cole (34): Can opt out of final four years and $144MM on nine-year guarantee; team can override by exercising a $36MM option for 2029 if Cole declines his end

As recently as a few months ago, this decision looked preordained. Cole, coming off a Cy Young win and probably the best pitcher in baseball, would trigger the opt-out — only for the Yankees to override it by exercising a $36MM option for 2029. Boras suggested as much in a chat with USA Today’s Bob Nightengale in December.

His status has at least been somewhat complicated by elbow inflammation that arose during Spring Training. Cole has spent the entire season on the 60-day injured list; he’ll begin a minor league rehab stint tonight. If he looks like his typical self in the second half, this’ll probably be an easy call for Cole and the Yankees alike. If he struggles or, more worryingly, battles any other elbow concerns, he’d need to more seriously consider hanging onto the final four years and $144MM on his record free agent deal.

Nathan Eovaldi (35): Conditional $20MM option if Eovaldi reaches 156 innings pitched or based on Cy Young/All-Star results

Eovaldi’s $34MM deal with the Rangers contained a conditional option for 2025 that went into effect if he threw at least 300 innings in the first two seasons. He logged 144 frames a year ago, meaning he needed 156 this season. Eovaldi lost three weeks to a groin strain. He has made nine starts and thrown 50 innings so far, leaving him 106 shy of the vesting threshold. With another 18-20 turns through the rotation, it’s still doable, but any other injuries would essentially rule it out.

He could also kick in the option with a top-five finish in Cy Young balloting or a top seven Cy Young finish and an All-Star selection. While he’s pitching very well, the Cy Young provision only comes into play if he falls short of 156 innings. Placing that high without reaching 156 frames is a tall task.

Even if he were to vest the option, Eovaldi may well prefer to head back to free agency in search of a multi-year deal. While he’ll be 35, he still looks the part of an upper mid-rotation starter. Eovaldi has followed up a 3.63 ERA during his first season in Arlington with a 2.70 mark to this point. His fastball is sitting around 96 MPH and he has punched out more than 26% of opposing hitters with a ground-ball rate north of 50%. There’ll always be lingering durability questions given his age and two previous Tommy John surgeries, yet on talent, Eovaldi is one of the better pitchers who could be available.

Wilmer Flores (33): $3.5MM player option; team can override by exercising an $8.5MM option if Flores declines his end

In September 2022, the Giants signed Flores to a $16.5MM extension. He has a $3.5MM option for next season; if he declines, the Giants could keep him around by picking up an $8.5MM salary. Flores had arguably the best year of his career in 2023, drilling a personal-high 23 homers with a .284/.355/.509 slash line. The pendulum has swung in the opposite direction this season. He has only one longball with a .207/.276/.283 mark in 163 trips to the plate. Flores’ strikeout and walk profile haven’t changed, but his contact quality has plummeted.

A full season of replacement level production would make it likely that Flores takes the $3.5MM salary. There’s still time for him to find his power stroke, though.

Lucas Giolito (30): $19MM player option

Giolito is likely to take a $19MM salary from the Red Sox next year. The typically durable right-hander suffered a UCL injury during his second Spring Training appearance with Boston. He underwent an internal brace procedure and will miss the entire season. While he could be ready for the start of next season, he’d be hard-pressed to match a $19MM salary coming off the elbow procedure.

Opting in would trigger a conditional team/mutual option for the 2026 season, though. If Giolito doesn’t top 140 innings next year, the Sox would have a $14MM option (with a $1.5MM buyout) for ’26. Giolito would convert that to a $19MM mutual option by reaching the 140-inning plateau.

Mitch Haniger (34): Can opt out of final year and $15.5MM on three-year guarantee

The Giants signed Haniger to a three-year, $43.5MM free agent deal two winters back. That allowed him to opt out of the final season’s $15.5MM salary. Haniger’s time in the Bay Area was a disappointment. A broken arm limited him to 61 games and he didn’t hit well when healthy. San Francisco dealt him back to the Mariners last offseason in a change-of-scenery swap involving Robbie Ray and Anthony DeSclafani.

Haniger is the only member of that trio who has played in 2024. (Ray is still recovering from Tommy John surgery, while DeSclafani was flipped to the Twins and ultimately required elbow surgery himself.) The veteran outfielder hasn’t hit in his return to the Pacific Northwest. He carries a .221/.282/.349 line with six homers and a strikeout rate approaching 28% in 213 plate appearances. He’s trending towards sticking around.

Rhys Hoskins (32): Can opt out of final year and $18MM on two-year guarantee

Hoskins inked a two-year, $34MM deal with the Brewers after losing all of 2023 to an ACL tear. He landed in a favorable hitting environment in Milwaukee with a chance to prove he was back to his typical offensive form. Hoskins has done just that over the season’s first two months, connecting on 10 homers with a .243/.345/.486 line through 168 trips. He’s well on his way to opting out and would be one of the top offensive players in next year’s free agent class. The Brewers could make him a qualifying offer.

Clayton Kershaw (37): $5MM+ player option

The Dodgers brought back the future Hall of Famer, who is rehabbing from an offseason shoulder procedure. His deal contains a 2025 player option with a $5MM base value and significant escalators. It’d jump to $7MM if he makes six starts this season, $3MM apiece for each of his seventh through ninth start, and another $4MM if he starts 10 games. Performance bonuses could push his 2025 salary as high as $25MM.

It’s likely Kershaw will exercise the option regardless of where the specific value winds up. He has been throwing but has yet to begin a rehab stint. A return relatively early in the season’s second half — which would give him a chance to get to 10 starts — is still in play.

Sean Manaea (33): $13.5MM player option

Manaea opted out of a $12.5MM salary last winter and landed a two-year, $28MM pact from the Mets. He’s been a rare bright spot in a dismal season in Queens. Over 11 starts, the southpaw has tossed 57 innings of 3.63 ERA ball. He has a solid 23.2% strikeout rate behind an 11.2% swinging strike percentage. Manaea’s 9.9% walk rate is a personal high, but he’s looked the part of a decent mid-rotation starter.

If he continues at this pace, he’d likely forego next year’s $13.5MM salary and hit the market for a third straight winter. Manaea will be heading into his age-33 campaign and could look for a two- or three-year pact (potentially the final multi-year deal of his career). Even if wouldn’t dramatically improve on his annual salary, pitchers like Seth Lugo and Michael Wacha have gotten multi-year deals in their mid-30s for mid-rotation work.

Nick Martinez (34): $12MM player option

Cincinnati guaranteed Martinez $26MM over two seasons — $14MM this year with a $12MM option for 2025. That investment made it appear the Reds would give him an extended look in the rotation. They’ve instead kept him in the swing role which he played for most of his time with the Padres. Martinez has started five of 13 games, posting a 4.20 ERA across 49 1/3 innings. He has a microscopic 0.76 ERA from the bullpen but has been rocked for a 7.36 mark out of the rotation.

On the surface, Martinez’s production doesn’t seem all that eye-catching. It’s not too dissimilar to Manaea’s work in a swing role with the Giants in 2023, though. Manaea turned in a 4.44 ERA while starting 10 of 37 games with San Francisco. He declined a $12.5MM player option and found a multi-year deal with a team willing to give him a rotation spot. Martinez (like Manaea, a Boras Corp. client) has opted out of multi-year commitments from San Diego in each of the last two offseasons. He’d probably do the same next winter if his performance doesn’t dramatically turn.

Jordan Montgomery (32): Conditional $20MM option if Montgomery reaches 10 starts

Montgomery agreed to terms with the Diamondbacks just days before the start of the regular season. He landed a $25MM salary for this year and a conditional player option for 2025. The condition — making 10 MLB starts — would only not come into play if the southpaw suffered a significant injury. Montgomery is already two starts away from vesting the option. Its value would escalate to $25MM if he gets to 23 starts.

The 31-year-old certainly anticipated declining that option and trying his hand again in free agency. He’s been hit hard through his first eight starts in the desert, though. Montgomery has been tagged for a 5.48 earned run average across 44 1/3 innings. While he’s still showing good control, his strikeout rate has plummeted seven points to a poor 14.4% rate. His four-seam and sinker are each averaging less than 92 MPH after sitting around 93.5 MPH last season. Perhaps Montgomery is still shaking off rust related to his delayed start to the year, yet his early performance could make the option decision tougher than he expected.

Emilio Pagán (34): $8MM player option ($250K buyout)

The Reds signed Pagán to a two-year, $16MM contract with the ability to collect a $250K buyout in lieu of an $8MM salary next season. It was an odd fit considering Cincinnati’s hitter-friendly home park and Pagán’s longstanding trouble with the longball. His first 21 appearances as a Red have been fine. He owns a 4.19 ERA across 19 1/3 innings. The righty has a customarily strong 30.5% strikeout rate against an 8.5% walk percentage. He has surrendered four homers.

Pagán, who is currently on the 15-day injured list with triceps tightness, has performed about as the Reds probably anticipated. This one can still go either way, but an $8MM salary for his age-34 season feels about right for his market value.

Wandy Peralta (33): Can opt out of final three years and $12.65MM on four-year guarantee

The Padres surprisingly signed Peralta to a four-year deal as a means of reducing the contract’s luxury tax hit. The veteran southpaw has been effective, turning in a 2.66 ERA across 23 2/3 innings. Peralta doesn’t miss many bats, but he’s an excellent ground-ball specialist (55.6% this season, 53.1% for his career). Even though he’s pitching well, it’d be somewhat surprising to see him walk away from another three years and almost $13MM covering his age 33-35 seasons.

Robbie Ray (33): Can opt out of final two years and $50MM on five-year guarantee

Ray’s five-year, $115MM contract with the Mariners allowed him to bypass the final two seasons valued at $25MM annually. Ray had a solid, if not overwhelming, first season in Seattle. His elbow gave out after one start in year two. Ray underwent Tommy John surgery in May 2023. The Mariners offloaded the final three years of his contract in the Haniger trade with the Giants.

The former AL Cy Young winner is targeting a return around the All-Star Break. He has been throwing from a mound and could head on a rehab stint in the coming days. Odds are against an opt-out right now, but a dominant second half could change the calculus.

Hunter Renfroe (33): $7.5MM player option ($1MM buyout)

The Royals signed Renfroe to a surprisingly strong two-year, $13MM deal. The righty-hitting outfielder was coming off a middling .233/.297/.416 showing between the Angels and Reds a year ago. He has had a very rough start to his Kansas City tenure, hitting .178/.256/.309 with only four homers in 168 plate appearances. It’d take a major reversal in the season’s final few months for him to forego a $7.5MM salary.

Blake Snell (32): $30MM player option

The Giants jumped in late on Chapman and even later to grab the defending NL Cy Young winner. Snell signed a two-year, $62MM guarantee two weeks before Opening Day. The hope for everyone involved was that he’d collect the first $32MM and pitch well enough to pass on next season’s $30MM option.

Snell’s first two months in the Bay Area couldn’t have gone much worse. He has battled groin issues throughout the season. Snell lost around a month with an adductor (groin) strain between April and May. He went back on the 15-day IL last night. He has taken the ball six times and been rocked for a 9.51 ERA over 23 2/3 innings. Needless to say, he’ll need a much better final four months to go back to free agency.

Chris Stratton (34): $4.5MM player option ($500K buyout)

The Renfroe deal wasn’t the only surprising two-year pact with an opt-out that the Royals signed last winter. They signed Stratton, a generally solid middle reliever, to an $8MM deal containing a $4.5MM option for next season. The right-hander was coming off a 3.92 ERA performance across 82 2/3 innings out of the St. Louis and Texas bullpens.

He hasn’t been as effective for the Royals, allowing 5.76 earned runs per nine through 25 frames. Stratton’s strikeout rate is down a few points to 21.7%, but the much bigger issue is an uncharacteristic inability to find the zone. He has walked almost 16% of batters faced, more than doubling last season’s rate.

Justin Verlander (42): Conditional $35MM option if Verlander reaches 140 innings pitched

Verlander would unlock a $35MM player option if he throws 140 innings this season. While he was delayed to start the year by shoulder discomfort, he has logged 52 innings in nine starts since his return. Barring another injury, he’ll throw more than 88 innings over the season’s final four months.

At 41, Verlander is still pitching well — a 3.63 ERA with a 22.2% strikeout rate — but he’s not operating at Cy Young form. If he continues at this pace all season, matching a $35MM salary on the open market is unlikely. Verlander seems comfortable in Houston and would probably prefer to stick with the Astros, though that may depend on whether the team plays better before the deadline. Verlander approved a trade from the Mets back to Houston last summer when it became clear that New York wasn’t going to be a legitimate World Series contender during his contract. At 27-34, the Astros need to turn things around quickly to put themselves in position for an eighth straight trip to the ALCS.

Michael Wacha (33): $16MM player option

Wacha landed in Kansas City on a two-year commitment with matching $16MM salaries and the opportunity to head back to free agency after year one. The veteran righty is pitching well enough to make that a consideration. He owns a 4.24 ERA across 12 starts and 68 innings. That’s a run higher than his ERA of the past two seasons, but the general profile remains the same.

He throws strikes with slightly below-average whiff rates. He has thrown between 120-140 innings in each of the last three seasons and looks on his way to matching or surpassing that in 2024. Opting out in search of another two-year deal in the $30MM range is plausible.

Mets Sign Sean Manaea To Two-Year Deal

By Nick Deeds | January 7, 2024 at 8:06am CDT

The Mets announced the signing of left-hander Sean Manaea to a two-year contract. It’s reportedly a $28MM guarantee for the Boras Corporation client, who can opt out following the 2024 season. Manaea will make $14.5MM next season, leaving him with a $13.5MM call on the ’25 option.

Manaea, 32 in February, was a first-round pick by the Royals back in 2013 and was swapped to the A’s alongside Aaron Brooks in the 2015 deal that brought Ben Zobrist to Kansas City. The southpaw made his big league debut in Oakland early in the 2016 season and fashioned a solid rookie year for himself with a 3.86 ERA and 4.08 FIP across 144 2/3 innings of work. Manaea continued to provide mid-to-back end of the rotation consistency for Oakland over the next few seasons, and he owned a career 3.94 ERA (105 ERA+) and 4.15 FIP in 464 innings by the end of the 2018 season. Unfortunately, the lefty’s success was interrupted by shoulder surgery late in the 2018 campaign and he missed nearly all of 2019.

Upon his return to action late in the 2019 season, Manaea more or less picked up right where he left off. In 48 starts from 2019-21, the left-hander posted a solid 3.73 ERA (111 ERA+) with a strong 3.64 FIP. During this stretch, Manaea saw his strikeout rate climb considerably. Though he entered the 2019 season with a rate of just 19.2% for his career, the lefty struck out 24.8% of batters faced over the next three seasons while walking just 5.2% and generating a 43.8% groundball rate that was a near match for his 44.1% figure in the first three seasons of his career. With just one year left before the lefty would hit free agency and the team going nowhere in 2022, the A’s shipped Manaea to San Diego as the Padres in a four-player deal, netting a pair of prospects for the left-hander’s services.

Unfortunately, Manaea began to struggle upon departing Oakland. The lefty’s lone season in San Diego was something of a disaster as he struggled to a 4.96 ERA, 24% worse than league average by ERA+, with a 4.53 FIP. Manaea’s strikeout rate dipped to 23.2%, his walk rate climbed to 7.5%, and he generated grounders at a career-worst 38.2% clip. While the southpaw mostly looked like himself in the first half of the season, with a 4.11 ERA and 4.07 FIP in 100 2/3 innings of work (17 starts), that production fell off a cliff down the stretch as he allowed a whopping 6.44 ERA over his final 13 contests. Those struggles led Manaea to sign a two-year, $25MM deal with the Giants last offseason that gave him the option to return to the free agent market this winter.

At first, Manaea’s time with the Giants saw similarly disastrous results as his final outings with the Padres the previous year. The lefty was booted from the club’s rotation in early May and by mid-June had put together a 5.84 ERA in 49 1/3 frames as opposing batters teed off to the tune of a hefty .474 slugging percentage. However, as MLBTR’s Darragh McDonald noted in a recent profile of Manaea, the lefty added a sweeper to his repertoire at the end of May and found massive success with it. Hitters struggled to a .140/.161/.163 slash line against the pitch, swinging and missing at it 35.1% of the times it was thrown.

After adding the sweeper, Manaea quickly found more success with the Giants. He pitched to a solid 3.78 ERA with a fantastic 3.26 FIP in his final 81 frames of the season, and excelled in a late-season return to the rotation with a 2.25 ERA and 3.21 FIP in four September starts. After adding the sweeper midseason, Manaea punched out 24.2% of batters faced while walking 6.6% and generating grounders at a 44% clip reminiscent of his days in Oakland. While the majority of that success came in multi-inning relief, the lefty nonetheless flashed the form that made him a successful mid-rotation arm earlier in his career.

The strong late-season results led Manaea to decline his $12.5MM player option with the Giants and return to the open market. The decision worked out well for the southpaw, as his $28MM pact with the Mets comes with an AAV of $14MM and the ability to return to opt out of the deal once again next winter should he choose to do so. Manaea slightly outperformed the two-year, $22MM prediction MLBTR offered when ranking him 35th on our annual Top 50 MLB free agents list, earning an additional $3MM annually over the same term. The deal is mostly in line with the market for back-end starters this offseason, which has seen the likes of Nick Martinez ($26MM) and Kenta Maeda ($24MM) earn similar guarantees on two-year arrangements.

By adding Manaea, the club adds another veteran arm to a rotation mix that parted ways with both Max Scherzer and Justin Verlander at the trade deadline last summer. The southpaw figures to return to starting full-time in joining the Mets, slotting into the middle of the club’s rotation behind incumbents Kodai Senga and Jose Quintana and ahead of fellow offseason additions Luis Severino and Adrian Houser. The addition of Manaea allows the club to utilize the likes of Tylor Megill, Joey Lucchesi and Jose Butto as depth options at the Triple-A level or in the club’s bullpen. The same figures to go for lefty David Peterson when he returns from offseason hip surgery sometime next summer.

The Mets were already over the highest luxury tax threshold of $297MM prior to signing Manaea, That means his full $14MM is part of the Mets’ overage coming into 2024. Assuming they remain over the highest tax threshold all season, the club figures to pay $15.8MM in taxes on Manaea’s salary next season, meaning the club effectively figures to pay $29.8MM for the lefty’s services in 2024. Of course, that’s unlikely to be much of a concern for the Mets as the club paid over $100MM into the luxury tax this past season. With the club’s rotation mix now likely settled, the Mets figure to continue searching for help at third base, DH and in the bullpen going forward.

Jon Heyman of the New York Post reported the Mets were signing Manaea to a two-year, $28MM guarantee with an opt-out. The Associated Press reported the salary breakdown.

Mets Showing Interest In Various Starting Pitchers

By Darragh McDonald | January 5, 2024 at 1:14pm CDT

The Mets are interested in rotation upgrades and appear to be casting a wide net in that search. Jon Heyman of The New York Post lists Hyun Jin Ryu, Sean Manaea and Shota Imanaga as pitchers they are considering. A report from Joel Sherman of The New York Post echoes those names while also adding Dylan Cease and Brandon Woodruff to the list.

The club has already made a couple of moves to bolster a rotation that has changed a lot in the past year. Max Scherzer and Justin Verlander were traded at last year’s deadline, then Carlos Carrasco reached free agency. The depth also took a hit when it was reported that David Peterson required hip surgery that would prevent him from being with the club at the start of the upcoming season.

That left Kodai Senga and José Quintana as the two leading incumbents at the start of the offseason, with pitchers like Tylor Megill and Joey Lucchesi also on hand as options. The Mets have signed since Luis Severino to a one-year deal and acquired Adrian Houser in a trade with the Brewers. Those two likely push Megill and Lucchesi into a battle for the fifth spot in the rotation, but Sherman relays that the club would like to add one more arm and push those two further into depth roles. Both pitchers are still optionable and don’t need to be on the active roster if the pitching staff if strengthened.

New president of baseball operations David Stearns is plenty familiar with Woodruff from his time in Milwaukee. He would be more of a long-term play though, unlikely to help the 2024 club too much. He underwent shoulder surgery in October and is slated to miss most of the upcoming campaign, which led the Brewers to non-tender him. But with the Mets looking at 2024 as a sort of transition year with an eye towards more aggressive contention in 2025, perhaps the two sides can line up on some kind of two-year deal. That would allow Woodruff to bank some money while rehabbing and then give the Mets the upside of bolstering their club next year.

If Woodruff can overcome his shoulder woes and return to his previous form, he would upgrade any rotation in the league. He has a career earned run average of 3.10 in 680 1/3 innings dating back to his 2017 debut. He has struck out 28.9% of batters faced in that time while walking just 6.5% of them and keeping 42.8% of balls in play on the ground. Health has been a bit of an ongoing issue, as he’s never been able to throw 180 innings in a big league season, but the results on a rate basis have clearly been excellent.

As for Cease, his ERA flared up to 4.58 in 2023 but his peripherals were still above average, including a 27.3% strikeout rate and 13.6% swinging strike rate. Over the past three years, he has made 97 starts with a 3.54 ERA and 29.8% strikeout rate. He tallied 12.6 wins above replacement over those three seasons, according to FanGraphs, which puts him eighth on the pitching leaderboard for that stretch.

He’s projected by MLBTR contributor Matt Swartz for a salary of $8.8MM this year and will be due one more raise before becoming a free agent after 2025. That means he will be paid way less than a pitcher of similar skill who is looking for a free agent deal, but it also means the White Sox are setting a very high asking price. It was reported last month that they asked the Reds for four of that club’s top prospects in exchange for Cease. The Reds seem to have given up on the pursuit, signing Frankie Montas instead.

For the Mets, giving up a significant prospect package like that would be a surprise. They have been open about their desire to build a strong prospect pipeline in order to ensure continuous contention and have been even more focused on the long-term plan this offseason. Though Sherman says the Mets continue to check in with the White Sox, the Mets aren’t considered as likely to land him as a team flush with prospects like the Orioles.

Ryu, 37 in March, would line up with the club’s offseason M.O., as they have given out one-year deals to Severino, Harrison Bader, Joey Wendle, Jorge López, Austin Adams and Michael Tonkin. It appears to be a strategy of spreading money around and improving depth while not committing any future money. It’s also possible that any player in this batch who plays well will end up on the trading block if the Mets are out of contention a few months from now.

Given Ryu’s age and recent health history, he is likely looking at a one-year deal as well. He missed most of 2022 recovering from Tommy John surgery, though he did return last year and toss 52 innings for the Blue Jays with a 3.46 ERA. His 17% strikeout rate was below average but he limited walks to a 6.3% rate and kept 45.6% of balls in play on the ground. He may have been a bit lucky to keep as many runs from scoring as he did, given his .272 batting average on balls in play and 77.6% strand rate. ERA estimators such as his 4.91 FIP and 4.69 SIERA weren’t as enthused with his performance. On the other hand, perhaps he could shake off some more rust and have better results this year now that he’s further removed from his surgery. As recently as 2020, he finished in the top three in American League Cy Young voting.

Manaea, 32 in February, is coming off a couple of shaky years in terms of results. He has been a solid mid-rotation option in his career but his ERA jumped to 4.96 in 2022 and was at 4.44 last year. Digging into his most recent campaign provides more reason for optimism, something recently explored here at MLBTR. Notably, Manaea added a sweeper to his arsenal in late May and had significantly better results, 6.61 ERA before and 3.60 ERA after adding that pitch. At the start of the offseason, MLBTR predicted Manaea could land a two-year, $22MM deal this winter.

As for Imanaga, he stands out from the other names on this list as he seems slated for a far more lengthy commitment, though the Mets have been connected to him in the past. MLBTR predicted he could land a five-year, $85MM contract, but with recent reporting suggesting he has enough interest to push past $100MM. Sherman throws a bit of cold water on that today, however, suggesting there are concerns around a 2020 shoulder surgery and also how his tendency to work up in the zone might make him homer prone in the majors.

If the market drops, perhaps the Mets will sense an opportunity to bolster their long-term rotation outlook, in contrast to their other moves this winter. Quintana, Severino and Houser are all set to be free agents after 2024, so they have very little rotation certainty going forward. The 30-year-old Imanaga has a 3.18 ERA in his NPB career and just posted a 2.80 mark in 2023. In addition to the Mets, he’s had interest from clubs like the Red Sox, Giants, Yankees and Cubs, though Patrick Mooney of The Athletic reported today that the Cubs aren’t seen as a likely landing spot for the lefty. Imanaga’s posting period end on January 11, giving him less than a week to get a deal done.

Free Agent Profile: Sean Manaea

By Darragh McDonald | January 2, 2024 at 9:42am CDT

Left-hander Sean Manaea has a lengthy track record of being a decent mid-rotation starter, but the past couple of years have been challenging. Overall, he has an earned run average of 4.10 in just over 1,000 career innings at the major league level. He has struck out roughly a quarter of batters faced in each of the past four full seasons and has never had a walk rate higher than 8.4%.

But in 2022, his performance dipped, as his ERA jumped to 4.96 with the Padres. His peripherals were still pretty strong, as he struck out 23.2% of batters faced and walked just 7.5%, but it was nonetheless a poor time for diminished results as he was heading into free agency for the first time.

The Giants took a shot on Manaea, giving him a two-year, $25MM deal that allowed him to opt out after the first season. The club was aggressive in deploying openers, only giving Manaea 10 actual starts, but he logged 117 2/3 innings on the year over 37 appearances. He finished with a 4.44 ERA, 25.7% strikeout rate and 8.4% walk rate. Though those results were more decent than spectacular, he still decided to trigger his opt-out and return to the open market.

Things get a little more interesting when digging deeper into his season, which may give more insight into his decision to try free agency again. Notably, Manaea added a sweeper this year and had great results with it. Per Statcast data, he first threw the pitch on May 30 and ultimately tossed it 214 times, 10.4% of his pitches thrown on the season overall. He felt comfortable throwing it to both righties and lefties, with a perfect split of 107 sweepers thrown to each. That resulted in a huge whiff percentage of 35.1% and a batting line of .140/.161/.163. Even when batters did make contact, the 82.8mph average exit velocity was easily the lowest of any of his offerings.

The impact on his overall results is quite clear. In his first 11 appearances of the year, prior to introducing the sweeper, he had a 6.61 ERA, 28.9% strikeout rate, 12.5% walk rate, 32.6% ground ball rate and eight home runs in just 32 2/3 innings. The rest of the way, he had a 3.60 ERA, 24.2% strikeout rate, 6.6% walk rate, 44% ground ball rate and six home runs in 85 innings. The Giants gave him four actual starts to finish the year and he posted a 2.25 ERA in those, averaging six innings per start.

This is still a fairly small sample size of results but the change in his arsenal at least gives some reason to believe that it may not just be a fluke. Last month, Driveline tweeted some video of a session with Manaea which showed him also trying out a splitter, perhaps suggesting Manaea is still trying to find yet another gear going forward.

MLBTR’s Top 50 Free Agents predicted Manaea for a contract of two years and $22MM, an average annual value of $11MM. That’s roughly the going rate for a back-end innings eater these days. MLBTR’s Contract Tracker shows that Lance Lynn got $11MM while Kyle Gibson got $13MM. Jack Flaherty got $14MM and Luis Severino $13MM despite a poor platform seasons, while Frankie Montas got $16MM even though he missed almost all of the year recovering from shoulder surgery. Tyler Mahle got $22MM over two years even though he’s going to miss at least part of the upcoming campaign while rehabbing from Tommy John surgery.

If Manaea can maintain the results he showed over the final four months of 2023, he could be a bargain, especially with pitchers like Blake Snell and Jordan Montgomery set for nine-figure deals. The need for starting pitching is still high and just about every club would benefit from the kind of performance Manaea seems capable of. His market has been very quiet this winter, with the Giants reportedly interested in a reunion but no other suitors publicly mentioned.

NL West Notes: Snell, Dodgers, Manaea, Giants, E-Rod

By Mark Polishuk | December 16, 2023 at 11:08am CDT

“The Dodgers are showing interest in seemingly every pitcher but Blake Snell,” Jon Heyman of The New York Post writes, running counter to Heyman’s own report from a month ago suggesting that Los Angeles was one of the teams in on the reigning NL Cy Young Award winner. While Heyman didn’t go into specifics about why Snell may no longer be on the Dodgers’ radar, obviously much has changed for L.A. within the last month — namely the Shohei Ohtani signing and (on the more immediate pitching front) the impending trade and extension involving Tyler Glasnow.

Since Los Angeles exceeded the luxury tax last season, the Dodgers had to give up $1MM in international bonus pool money and their second- and fifth-highest picks in the 2024 draft as compensation for Ohtani, who rejected the Angels’ qualifying offer. Snell also rejected a QO from the Padres, so the thought of giving up two more picks to add Snell might simply not be palatable for the Dodgers. While Snell’s market has been a little less clear than other top pitchers on the free agent market, such clubs as the Giants, Red Sox, and Padres have all been linked to Snell at various points, and it remains to be seen what other suitors might emerge once the likes of Yoshinobu Yamamoto or Jordan Montgomery are off the board. The Dodgers continue to be involved in the hunt for Yamamoto, and could pursue other trade options beyond Glasnow in order to address the lack of proven depth in their rotation.

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