Seven Players Reject Qualifying Offers
All seven players who received a $20.325MM qualifying offer this year have rejected it, reports Mark Feinsand of MLB.com. The deadline for a decision is today at 3 pm Central but it seems all of Shohei Ohtani, Cody Bellinger, Matt Chapman, Sonny Gray, Josh Hader, Aaron Nola and Blake Snell have already made up their minds.
There wasn’t much drama with any of these decisions, as all seven were considered locks to reject and still collect sizeable free agent contracts. On MLBTR’s list of the Top 50 Free Agents, six of the seven player were predicted to get a nine-figure deal in the coming months. The only exception was Gray, who was limited by his 34 years of age to a prediction of $90MM over four years. The players had one week to gauge the market after receiving those QOs and it doesn’t seem any of them got any sense that accepting the one-year deal was a wise course of action.
There would have been more drama if some borderline candidates had been issued QOs, but it was a fairly conservative group this winter. Last year, 12 players received QOs and Martín Pérez and Joc Pederson eventually accepted. But none of this year’s on-the-cusp players got the offer, with each of Teoscar Hernández, Jorge Soler, J.D. Martinez, Rhys Hoskins, Kenta Maeda and Kevin Kiermaier heading into free agency unencumbered.
Each of the players who received and rejected the QO will now net their former club draft pick compensation in the event they sign elsewhere this winter. The value of that compensation will depend upon whether the club received revenue sharing or paid the competitive balance tax in 2023. The signing club would also be subject to draft pick forfeiture and perhaps a reduction of international bonus pool space, with the penalty also dependant on revenue sharing and CBT status.
MLBTR Podcast: Top 50 Free Agents Megapod (with Tim Dierkes, Steve Adams and Anthony Franco)
The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.
This week, host Darragh McDonald is joined by Tim Dierkes, Steve Adams and Anthony Franco of MLB Trade Rumors to discuss this year’s list of the Top 50 Free Agents! Specific areas of discussion were…
- Our MLB Contract Tracker, which you can find more about in this video (1:30)
- The 18th birthday of MLBTR, the evolution of the Top 50 list over the years and the preparation of this year’s list (3:00)
- Shohei Ohtani and his unique free agent case (10:35)
- Cody Bellinger and the trend of longer deals for top free agents (16:00)
- The approach to team predictions in the Top 50 (27:00)
- Yoshinobu Yamamoto and his unique case (33:05)
- Blake Snell (38:15)
- Team fits for the top pitchers, such as the Red Sox and Giants (42:35)
- Comparing Aaron Nola to Jordan Montgomery (48:55)
- Which predictions do we have the least confidence in? Lucas Giolito, Teoscar Hernández, Lourdes Gurriel Jr. and Matt Chapman (52:10)
- Sonny Gray (1:04:00)
- Robert Stephenson (1:09:45)
- Jack Flaherty (1:12:15)
Check out our past episodes!
- Juan Soto Speculation, Melvin and Zaidi in SF, and Boston Hires Breslow – listen here
- Adolis García, the Tyler Glasnow Decision and Bob Melvin – listen here
- Boston Searches for a Boss, Kim Ng and Surgery for Brandon Woodruff – listen here
Phillies Among Teams Showing Interest In Sonny Gray
The Phillies are among the teams with interest in free agent right-hander Sonny Gray, tweets Jon Morosi of MLB.com. The Phils have obvious interest in retaining their own top free agent starter, Aaron Nola, and would become a more aggressive suitor for Gray if Nola ultimately lands elsewhere, per the report. As Morosi further points out, there’s a natural Phillies/Gray connection, as Philadelphia pitching coach Caleb Cotham worked with Gray in Cincinnati and was also a college teammate of Gray at Vanderbilt. Beyond that, while Gray’s relatively brief stint with the Yankees didn’t go well, it’s perhaps worth pointing out that his more successful 2017 output in the Bronx overlapped with current Phillies manager Rob Thomson’s final year as bench coach there.
Gray, who turned 34 yesterday, just wrapped up one of the best seasons of his career, tossing 184 frames of 2.79 ERA ball for the AL Central-winning Twins. Gray added a sharp five innings of shutout ball in the AL Wild Card round, pushing the Twins to a series victory over the Blue Jays, though he faltered against the Astros in the ALDS when he allowed four runs in the first inning of his start there (before recovering, to an extent, to last four innings on the day). He’s already been named an AL Cy Young finalist, although it’s widely expected that he’ll be a runner-up to frontrunner Gerrit Cole for the award.
Minnesota extended a qualifying offer to Gray, though given his track record and a top-three finish in AL Cy Young voting, he’s all but a lock to turn that down in favor of testing the open market. Gray previously and candidly acknowledged that “money is not the ultimate factor for me” in free agency and professed his affinity for pitching in the Twin Cities, but it’d nevertheless be a shock to see him accept that one-year offer when a lucrative multi-year deal awaits him in free agency. Chris Bassitt, who inked a three-year, $63MM deal with Toronto after rejecting a qualifying offer at the same age last offseason, represents something of a floor for Gray in free agency.
While some teams balk at signing free agents who’ve rejected qualifying offers — doing so requires forfeitures in the draft and international free agency — the Phillies don’t fall into that camp. Philadelphia owner John Middleton has been willing to accept that burden on a near-annual basis, in fact. The Phils have forfeited draft picks and international money to sign each of Trea Turner, Nick Castellanos, Bryce Harper and Jake Arrieta. And while they technically didn’t forfeit a pick to sign J.T. Realmuto, they’d have received a comp pick had he left the team to sign elsewhere, but the Phils re-upped with him on a five-year pact.
Given that history, there’s little reason to think the Phillies wouldn’t be willing to take a similar approach with Gray. It’s not clear whether they’d wait for Nola to actually commit to another team before pursuing alternatives, but president of baseball operations Dave Dombrowski is known for generally acting quickly and rather decisively on the market. If the Phils get the sense that the Nola bidding will extend beyond their comfort zone, it’s at least feasible they could pivot to an alternative plan before he actually signs a contract — be that alternative Gray or one of the many other veteran starters on the market (e.g. Eduardo Rodriguez, Jordan Montgomery, Blake Snell).
The Phillies currently have a projected payroll around $214MM, per Roster Resource, which is a ways shy of last year’s $245MM mark. Signing Gray, retaining Nola or adding any of the prominent free-agent alternatives would likely thrust the Phils right back into luxury tax territory, but they were willing to cross that bridge in each of the past two seasons.
Whether it’s Nola, Gray or another outside acquisition, the Phillies are all but guaranteed to bring in some rotation help this winter. As it stands, their rotation group consists of Zack Wheeler, Ranger Suarez, Taijuan Walker and Cristopher Sanchez. Top prospects Mick Abel and Griff McGarry aren’t all that far from MLB readiness, but a team with World Series aspirations will surely seek more certainty than that. Fellow top prospect Andrew Painter underwent Tommy John surgery in July, removing him as a near-term option. Nick Nelson, Dylan Covey and recent waiver claim Josh Fleming are all depth candidates, but it’s clear that someone more stable will be brought in.
As with any report of this nature, it bears emphasizing that Gray very likely is not the sole alternative to Nola the Phillies will consider. In all likelihood, Dombrowski, GM Sam Fuld and the rest of the front office will engage with the representatives for all top-tier and mid-tier starters, both to gauge expectations and to have contingencies in place if their preferred plans of attack don’t pan out. But Gray does at least have some personal ties to members of the Phillies’ staff, and the team has shown a repeated willingness to spend at high levels to sign qualified free agents in addition to a willingness to incur luxury tax penalties.
All of that context is important in their rotation pursuits. Philadelphia will likely be tied to Montgomery and others as well before too long, and they’ll surely be prominent players through the bulk, if not the entirety, of Nola’s own foray into the open market.
Seven Players Receive Qualifying Offers
Seven players in this year’s free agent class have been tagged with the qualifying offer, reports Jeff Passan of ESPN (X link). Those players are:
- Shohei Ohtani (Angels)
- Cody Bellinger (Cubs)
- Matt Chapman (Blue Jays)
- Sonny Gray (Twins)
- Josh Hader (Padres)
- Aaron Nola (Phillies)
- Blake Snell (Padres)
Previous reports had already indicated that Teoscar Hernández, Mitch Garver, J.D. Martinez and Rhys Hoskins had not received the QO. The same is true of Jorge Soler and longer-shot candidates like Kenta Maeda and Kevin Kiermaier.
The QO is valued at $20.325MM this offseason. Players have until next Tuesday to decide whether to accept. The seven players who were tagged all seemed virtual locks to both receive and decline it. It’s hard to envision anyone in this group taking a one-year pact.
Indeed, the more surprising aspect of this year’s class were the number of players who were not qualified. Last winter, 14 players were tagged with the QO. Borderline cases Joc Pederson and Martín Pérez wound up accepting. Teams were far more risk-averse this winter, shying away from the potential lofty commitment for all but the market’s top options.
[Related: Which Picks Would Each Team Forfeit By Signing A Qualified Free Agent?]
With QO decisions now made, every free agent is allowed to begin negotiations with other teams. The five-day window of exclusive negotiation with their incumbent club is over. If these players sign elsewhere, their teams would be entitled to compensation.
The Twins, as a revenue sharing recipient, stand to receive the greatest compensation. Assuming Gray beats a $50MM guarantee (a good bet), Minnesota’s compensatory pick would fall after the first round in next year’s draft. The Cubs, as a team that neither receives sharing nor paid the luxury tax, would land a choice that falls between Competitive Balance Round B and the start of the third round for Bellinger’s departure.
San Diego, Toronto and Philadelphia all surpassed the CBT threshold this year. They’d therefore receive the lowest compensation — a draft choice between Rounds 4 and 5. The Angels finished the season right on the border of the $233MM threshold and don’t yet know whether they paid the tax. As a result, they’re still awaiting word on whether they’d land the pick before the third round or after the fourth if Ohtani heads elsewhere.
Previewing Upcoming Qualifying Offer Decisions: Pitchers
The World Series will be completed in less than a week, which means the offseason is imminent. Almost right away, some key decisions will have to be made. Within five days of the World Series ending, contract options will need to be either exercised or declined and clubs will also have to choose whether or not to issue qualifying offers to eligible players.
A player is eligible for a qualifying offer if they have never received a QO before and spent the entire season with the same club. The value of the QO changes annually, calculated by taking the average salary of the 125 highest-paid players in the league. That means it generally rises as salaries increase over time, with this year’s QO expected to land around $20.5MM. If a player receives and rejects a qualifying offer, he becomes a free agent. If he then signs elsewhere, the signing team is subject to draft pick forfeiture and possibly other penalties, while their previous club receives draft pick compensation.
MLBTR is taking a look at the candidates, with one post focusing on the position players and this one looking at the pitchers.
No-Doubters
- Sonny Gray (Twins)
- Josh Hader (Padres)
- Aaron Nola (Phillies)
- Shohei Ohtani (Angels)
- Blake Snell (Padres)
These five are slam dunks to receive and reject the qualifying offer. Ohtani won’t pitch in 2024 after undergoing elbow surgery, but he is still expected to hit and will perhaps return to the mound in 2025. As one of the best hitters in baseball and the potential for two-way contributions down the road, he’s in line for a record-setting contract. Nola is coming off a down season relative to his own standards but has an excellent track record that will put him in line for a nine-figure deal even with the QO attached. Gray’s total earning power will be capped somewhat by the fact that he turns 34 in a week but his excellent work in 2023 should be able to get him a new deal around $20MM per year over multiple seasons. Snell just wrapped up an excellent campaign, finishing with a 2.25 ERA that could see him net a second career Cy Young award. That sets him up for a huge payday even after rejecting the QO. Hader has been one of the best relievers in the game for a long time and could challenge Edwin Díaz for the biggest contract ever for a reliever.
Special Case
- Clayton Kershaw (Dodgers)
Kershaw has been eligible for a qualifying offer in each of the past two offseasons but didn’t receive one. That wasn’t a reflection of his performance but a sign of respect. In each case, Kershaw went into the winter not knowing if he wanted to come back to the Dodgers, jump to his hometown Rangers or retire. The Dodgers decided both times not to issue him the QO so that he wouldn’t have to make a rushed decision at the beginning of the offseason. Since Kershaw is once again undecided on his future, it seems fair to expect that the Dodgers will decline to extend the QO, though Kershaw would warrant one in a vacuum.
Possible Candidates
- Seth Lugo (Padres)
Lugo spent most of his career working out of the bullpen but hit free agency a year ago and drew plenty of interest as a starter. The Padres eventually brought him aboard via a two-year deal with a $15MM guarantee and incentives, as well as an opt-out after the first season.
The righty made the most of the opportunity, making 26 starts and logging 146 1/3 innings with a 3.57 earned run average. He stuck out 23.2% of batters faced, walked 6% and kept the ball on the ground at a 45.2% clip. There were some concerns about Lugo’s ability to hold up over a full season, both since he hadn’t had that kind of workload before and because he had a slight tear of his UCL in 2017 that wasn’t surgically addressed. But in 2023, Lugo made just one trip to the injured list, missing just over a month due to a calf strain.
Now that Lugo has proof of concept as a starter, he should have greater earning power than he did a year ago, even though he’s about to turn 34. Turning down the one year and $7.5MM left on his deal should be an easy call, but then the Padres will have a more difficult choice. It would be hard for Lugo to turn down a 2024 salary more than twice what he made in the prior season, so there would be a decent chance he accepts a QO. With the club reportedly looking to cut payroll, they may not want to take that chance.
- Kenta Maeda (Twins)
Maeda has had his ups and downs in recent years but is heading into free agency with some momentum. He posted a 2.70 ERA in 2020 but then that figure jumped to 4.66 in 2021 before he underwent internal brace surgery on his elbow. He missed all of 2022 and then struggled early in 2023. In his fourth start of the season, he was shelled by the Yankees, allowing 10 earned runs in three innings. He was then placed on the injured list with a triceps strain while sporting an ERA of 9.00 for the year.
But after getting healthy, his results were much better. He was activated from the IL in late June and made 17 more appearances the rest of the way. He tossed 88 1/3 innings with a 3.36 ERA, 29% strikeout rate and 7% walk rate. Though his ERA for the whole year finished at 4.23, it seems fair to conclude that the early-season injury inflated that number.
The righty has never had a massive salary locked in. When he initially came over from Japan, the Dodgers signed him to an incentive-laden deal that guaranteed him $25MM over eight years. That came in the form of a $1MM signing bonus, $3MM salary each year and $6.5MM in incentives available each season based on games started and innings pitched. If he suddenly had a $20.5MM guarantee in front of him for his age-36 season, that would likely be very tempting.
The Twins aren’t one of the top payroll teams under normal circumstances and may need to cut back spending due to uncertainty around their TV revenues. They may not want to blow a huge chunk of their budget right at the beginning of the offseason, especially when their rotation is already in decent shape with Pablo López, Joe Ryan, Bailey Ober, Chris Paddack and Louie Varland currently pencilled in.
- Michael Wacha (Padres)
Wacha had some strong seasons earlier in his career with the Cardinals, but injuries became an issue more recently. He settled for a $3MM guarantee while joining the Mets for 2020, then was limited to 34 mediocre innings in the shortened season. The Rays took a shot on him in 2021 with another $3MM guarantee and he stayed healthy enough to log 124 2/3 innings with a 5.05 ERA. That relatively healthy campaign was enough to get him a one-year, $7MM deal with the Red Sox for 2022, and he then tossed 127 1/3 innings for that club with a 3.23 ERA.
He lingered on the open market for a while last offseason but eventually landed a four-year, $26MM guarantee from the Padres with a layered option structure. After the 2023 World Series, the Friars will have to decide whether or not to trigger two $16MM club options for 2024 and 2025, effectively a two-year, $32MM deal. If they decline, Wacha has a $6.5MM player option for 2024 and then $6MM player options for 2025 and 2026.
The righty is coming off another decent season. Though his shoulder landed him on the IL this year, just as it had in 2022 and 2020, he was able to make 24 starts and throw 134 1/3 innings with a 3.22 ERA. His 22.4% strikeout rate and 7.8% walk rate were both close to league average, though he may have benefitted from a .266 batting average on balls in play and 79.7% strand rate. His 3.89 FIP and 4.43 SIERA suggest his ERA might not be wholly sustainable.
As mentioned in the Lugo section above, the Padres are facing a budget crunch. Though they are likely pleased with Wacha’s results in 2023, would they want to give him a pay raise by triggering that option? If they pass on that, Wacha would likely turn down his player option and return to free agency. He would be eligible for a qualifying offer at that point, which would be a higher salary than the club option but on a shorter commitment. The Padres effectively have to decide between 1/20 or 2/32 or simply letting Wacha walk.
Long Shot
- Frankie Montas (Yankees)
Some fans of the Yankees might shudder at the thought of the club bringing back Montas at a higher salary, but it’s not a completely crazy idea. Though he was hurt or ineffective from the moment he donned pinstripes, he’s not too far removed from some strong results. From 2019 to 2021, he posted an ERA of 3.51 over 336 innings pitched. In that time, he struck out 26.3% of batters faced, issued walks at a 7.3% clip and kept 43.7% of batted balls on the ground. Among pitchers with at least 300 innings pitched in that time, that ERA ranked him 21st in the majors. Even in 2022, prior to the infamous trade, he was still quite good. He registered an ERA of 3.18 in his 19 starts for the A’s that year.
Players returning from injury absences can often still find themselves big salaries on short-term deals. Noah Syndergaard got one year and $21MM from the Angels after missing most of 2020 and 2021 rehabbing from Tommy John surgery. Corey Kluber got $11MM from the Yankees even though he was 35 years old and made just eight appearances over the two previous campaigns. James Paxton got $10MM from the Red Sox under similar circumstances.
The Yankees have a couple of long-term contracts in their rotation with Gerrit Cole and Carlos Rodón. The latter hasn’t worked out well so far, with Rodón injured for much of 2023. The club needs rotation reinforcements with Michael King, Clarke Schmidt and Nestor Cortes pencilled into the back end, each of whom comes with some question marks. They could add another marquee free agent, but maybe they’d prefer to take a short-term flier on a player they have obviously liked for a long time, giving up four prospects to acquire him and Lou Trivino just over a year ago. They then agreed to a $7.5MM arbitration salary for 2023 even as questions about his shoulder lingered.
Though there’s an argument for the possibility, it ultimately seems like the odds are against this happening. The Montas trade has gone so poorly, both from an on-field perspective and a PR one, that it’s hard to envision the club doubling down. If Montas doesn’t receive the QO, he will likely be fielding one-year offers slightly below the $20.5MM salary range.
Ineligible
- Jack Flaherty (Orioles)
- Lucas Giolito (Guardians)
- Shota Imanaga (Yokohama DeNA BayStars, NPB)
- Jordan Montgomery (Rangers)
- Eduardo Rodriguez (Tigers)
- Marcus Stroman (Cubs)
- Yoshinobu Yamamoto (Orix Buffaloes, NPB)
As mentioned up top, players are only eligible to receive the qualifying offer if they haven’t received one previously and also spent the entire year with just one MLB club. Rodriguez and Stroman, who can each opt out of their respective contracts, have each been issued a QO earlier in their career. Flaherty, Giolito and Montgomery were all traded midseason, which makes them ineligible as well. Players coming from other leagues aren’t eligible either, so Yamamoto and Imanaga won’t have the QO in play. For each of these pitchers, the lack of a QO helps their earning power since clubs won’t have to forfeit any draft picks to sign them.
Twins Notes: Payroll, Free Agents, Offseason Needs
Twins president of baseball operations Derek Falvey and manager Rocco Baldelli met with the media Friday, speaking with reporters (including Betsy Helfand of the St. Paul Pioneer Press and The Athletic’s Aaron Gleeman) about what the club might be planning heading into the offseason. Minnesota returned to the postseason as AL Central champions and won their first playoff series since 2002, advancing past the Blue Jays before falling to the Astros in the ALDS.
Building that roster came with a higher price tag than usual for the Twins, as their Opening Day payroll of roughly $153.7MM was the largest in franchise history. It isn’t yet clear how much the Twins will be able to spend to address their roster needs, or if they’ll again approach their 2023 expenditures. Since the Twins were one of the 14 teams who had broadcasting contracts with Bally Sports, their TV situation is now up in the air since the Diamond Sports Group (Bally’s parent company) filed for bankruptcy last year, and the Twins haven’t yet found a new broadcasting partner.
“That’s a reality of our offseason. It’s not just for us. It’s for other clubs, too,” Falvey said. “That’s a piece of information we’re going to have to navigate. It’s a factor that there’s lack of clarity on TV revenue. That’s a fact, that’s no secret to anybody. That plays a role (with payroll), just like all of our revenue sources play a role to some degree.”
A good chunk of money is naturally coming off Minnesota’s books in the form of free agents, though Sonny Gray, Kenta Maeda, Michael A. Taylor, and Donovan Solano all played key roles last season and their departures would be felt. Likewise, the Twins could save more money in declining their club options on Jorge Polanco ($10.5MM) or Max Kepler ($10MM), but that creates two more holes to be filled.
As expected, Falvey didn’t share any real detail about whether or not the Twins would look to retain any of these players, speaking in generalities about how they liked their contributions and, more broadly, how the team would explore the possibility of retaining any of the group.
Speaking of Gray in particular, Falvey said “we’ll continue to have dialogue with Sonny, but that process is going to take some time to work through the part of the free agency process that he’s earned. I’m sure he’s going to be respected through this process by a whole host of clubs.”
Since Gray is expected to land one of the larger contracts of any pitcher in this winter’s free agent class, that might lean in favor of a deal with a team other than Minnesota, even though Gray has been open about his affinity for playing in the Twin Cities. Gray will surely receive a qualifying offer from the Twins and is likely to reject the one-year pact, leaving the Twins in position to recoup a compensatory pick if Gray did indeed sign elsewhere.
Maeda seems to be the likelier of the two pitches to re-sign, and Gleeman opines that a deal might be worked out between Maeda and the Twins if the Japanese righty is open to a shorter-term contract. In the event that both Gray and Maeda left, Falvey said he liked the Twins’ remaining rotation options, which arguably already make up a solid starting five in Pablo Lopez, Joe Ryan, Bailey Ober, Louie Varland, and Chris Paddack.
“That’s a good group to start with, but it doesn’t mean we’re not going to think about ways to get better….I would say we’ll see where the process takes us,” Falvey said. The PBO and Baldelli both also mentioned how well Varland pitched as a reliever last year, yet indicated that there’s plenty of time left in the offseason to determine Varland’s 2024 role.
Baldelli “would anticipate” Royce Lewis as Minnesota’s regular third baseman at least heading into spring camp. Despite his ability to play multiple positions, Lewis spent more of his time at the hot corner in 2023, so it makes sense that the Twins would stick with what seems to be working. With Lewis at third base, Carlos Correa at shortstop, Edouard Julien at second, Alex Kirilloff getting most of the first base at-bats, and the versatile Willi Castro and Kyle Farmer around for depth, this might leave Polanco out of playing time, and perhaps out of luck in getting his option exercised.
Kepler’s option is a little more in flux, in part because Byron Buxton‘s ability to play center field is still in question after the former Gold Glover underwent another knee procedure. If Buxton is again limited to DH work or can’t play whatsoever, that leaves the Twins likely in search of another center field option if Taylor doesn’t re-sign. If Castro is called upon for at least part-time work in center field, that opens up another hole in the infield picture.
Sonny Gray Discusses Impending Free Agency
The Twins were eliminated from the playoffs yesterday following their loss at the hands of the Astros in Game 4 of the ALDS. The club’s elimination brings to a close the 2023 campaign for a club that won 87 games, returned to the top of the AL Central standings for the first time since 2020, and won its first playoff series since 2002. Now, Minnesota will turn its attention to the impending offseason, where a handful of the club’s players figure to test free agency.
Chief among that group is veteran right-hander Sonny Gray, who led the club’s rotation with a 2.79 ERA in 184 innings of work with an MLB-best 2.84 FIP. That performance put Gray squarely in contention for the AL Cy Young award in 2023, and sets him up to be one of the league’s top free agents this offseason. Dan Hayes of The Athletic spoke with Gray following last night’s loss regarding his future, and the righty made clear that his top priority as he heads into free agency isn’t necessarily securing the highest guarantee he can.
“I don’t know if this is the right thing to say before going to become a free agent, but I’ll say it because it’s honest. Money is not the ultimate factor for me. Never has been,” Gray said. “Having said that, you want to be valued appropriately.” Gray went on to speaking glowingly of his time with the Twins. He noted that he “loves it” in Minnesota, adding that his time as a Twin has been an “incredible experience” and that “there is something special going on in this clubhouse.”
Though Gray’s interest in remaining with the Twins is evident, that hardly guarantees a return. Hayes goes on to indicate that the club figures to extend a one-year qualifying offer of roughly $20.5MM to Gray, though it’s unclear whether or not the Twins are interested in a longer term deal. While Gray and fellow rotation arm Kenta Maeda are headed for free agency, right-handers Pablo Lopez, Joe Ryan, and Bailey Ober are each under long term club control. Meanwhile, righty Chris Paddack is expected to rejoin the rotation next year. That still leaves an open spot in this club’s rotation, though Hayes suggests the club could give a look to righty Louie Varland, who posted a 4.63 ERA in 68 innings of work at the big league level as a swingman for the Twins.
If Gray doesn’t return to Minnesota, he’s sure to find plenty of interest elsewhere. The Cardinals are already known to have interest in Gray’s services, while the Dodgers, Cubs and Reds are among the many other clubs who could potentially be on the lookout for rotation help this offseason. While the interest in Gray figures to be strong, it’s unlikely the veteran hurler will receive a top-of-the-market offer in terms of years, given he’ll be celebrating his 34th birthday next month. Gray’s comments hardly disputed that likelihood, with the righty suggesting that his decision this offseason will decide “where are the next three to four years of our lives” will be. A deal in that range certainly seems feasible on the heels of right-hander Chris Bassitt receiving a three-year, $62MM deal covering his age 34-36 seasons last offseason.
Cardinals Interested In Aaron Nola, Sonny Gray
Adding as many as three starting pitchers is a stated offseason goal for Cardinals president of baseball operations John Mozeliak, and it isn’t surprising that the club is already plotting out some notable free agent pursuits. While the Cards will cast a wide berth across the free agent pitching market, Derrick Goold of the St. Louis Post-Dispatch reports that Aaron Nola and Sonny Gray are two pitchers in particular “the Cardinals have identified as good fits and plan to approach to see if the feeling is mutual.”
In something of a pitching-heavy free agent class, Nola (30 years old) and Gray (34 next month) are two of the top names available. Both will be entering free agency for the first time due to contract extensions signed earlier in this careers, and since both pitchers will undoubtedly receive and reject qualifying offers, the Cardinals would have to give up $500K in international bonus money and their second-highest pick in the 2024 draft as compensation for a signing.
St. Louis has traditionally been somewhat modest in its dips into the open market, as Matt Holliday‘s seven-year, $120MM deal from the 2009-10 offseason remains the biggest contract the Cardinals have ever given to a free agent player. In terms of pitching contracts, the Cards gave Mike Leake five years/$80MM during the 2015-16 offseason but that deal didn’t work out, to the point that St. Louis traded Leake before the contract was even two years old. More recently, the Cardinals signed Steven Matz for four years and $44MM two winters ago, though Matz’s performance has been inconsistent and he has battled some injury problems.
With rotation help such a glaring need, however, the Cardinals might have no choice but to test free agency for the pitchers they need, particularly front-of-the-rotation types. Both Gray and Nola had pretty comparable overall numbers and Nola actually had the better SIERA (3.75 to 3.95) of the two pitchers, though Gray ended up with a 2.79 ERA to Nola’s 4.46 ERA — perhaps underlining the difference between the Twins’ defense and the Phillies’ much weaker defense.
Goold noted that the Cardinals are among the many teams who have scouted Yoshinobu Yamamoto, and that the team could explore a reunion with Jordan Montgomery after St. Louis dealt Montgomery to the Rangers at the trade deadline. Looking at the market as a whole, if the Cards are indeed leaning towards Gray and Nola as their top choices, that gives some hint as to the Cardinals’ spending range.
Gray and Nola will each command healthy contracts, yet not in the stratosphere of a Shohei Ohtani (who won’t even pitch in 2024 anyway due to Tommy John surgery) or perhaps even Yamamoto, whose contract might approach $200MM because he is only 25 years old. Montgomery and Blake Snell are two more of the top starters available, though it is perhaps noteworthy that both are represented by the Boras Corporation, whereas Gray is repped by Bo McKinnis and Nola by Paragon. While the Cardinals have rostered and acquired several Scott Boras clients over the years, Boras’ penchant for encouraging clients to wait until deeper into the offseason to sign might not be ideal for a St. Louis team that would probably prefer to get its top-end pitching acquisitions out of the way sooner rather than later.
MLB Trade Rumors Podcast: Free Agent Pitching Dark Horses, Padres To Cut Payroll, and If The Angels Should Rebuild
The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.
This week, pinch-hitting host Mark Polishuk is joined by Steve Adams of MLB Trade Rumors to discuss…
- MLBTR continues previewing the free agent class, with a focus on which starters and relievers might be flying a bit under the radar as quality signings for 2024 (0:50)
- The Padres are planning to reduce payroll next season, and could some broader front office changes also be coming? (11:00)
- After another losing season and with the possible departure of Shohei Ohtani, would the Angels explore rebuilding (and trading Mike Trout) to get the franchise back on track? (15:06)
Plus, we answer your questions, including…
- Will the Twins re-sign Sonny Gray or Tyler Mahle, and what kind of contracts could each pitcher land in free agency?(23:03)
- Could the Braves’ pitching injuries short-circuit their postseason chances? (28:48)
Check out our past episodes!
- Front Office Changes in Boston and New York, and the New Rays Stadium Agreement — listen here
- Free Agent Class Preview: Catcher and First Base, Germán Márquez Extension and the Dodgers’ Rotation — listen here
- Waiver Claim Fallout, September Call-Ups and the Biggest Strength of Each Playoff Contender — listen here
Twins Notes: Gray, Maeda, Keuchel, Larnach, Kirilloff, Thielbar
A five-game losing streak has dropped the Twins’ record to 54-53, and their AL Central lead has shrunk to a half-game advantage over the Guardians. Caught in an unusual position of both trying to win the division and perhaps reload the roster for a better shot at contending in 2024, the Twins appear to be flexible with their plans heading into the trade deadline, as The Athletic’s Dan Hayes reports that the club is at least listening to offers about starters Sonny Gray and Kenta Maeda. However, “they’d need to be blown away to make a deal that potentially harms their own postseason chances,” Hayes writes, since starting pitching has been such a key plank of the Twins’ success this year.
Reports from earlier this week suggested that Minnesota had at least considered moving Maeda, and that the Twins were getting interest in general about their rotation depth. Since it would count as a major shock if any of Joe Ryan, Pablo Lopez, and Bailey Ober were traded, pending free agents Gray and Maeda seem like far more viable trade candidates, even if the odds of either moving don’t seem too high.
As Hayes notes, there’s no harm for Minnesota in testing the market for Gray or Maeda, just in case a team desperate for starting pitching is willing to overpay as other options are removed from the board as the deadline approaches. Re-signing both Gray and Maeda this winter doesn’t seem likely whatsoever, and it seems quite possible that the Twins might let both veteran pitchers walk in free agency. Ergo, exploring trade opportunities now is a logical tactic, especially if another team is willing to offer the right-handed hitting or bullpen help that the Twins are currently looking to obtain.
Dallas Keuchel has looked great for Triple-A Saint Paul since signing a minor league deal with the Twins back in June, as the former AL Cy Young Award winner has a 1.13 ERA over 32 innings. Since Keuchel has an opt-out clause in his contract on August 1 (trade deadline day), some kind of decision is coming soon, and Keuchel could be the logical replacement if Minnesota did move Gray or Maeda. In terms of Keuchel himself as a trade chip, Hayes writes that there is only “minimal interest” from other clubs, which isn’t surprising given how Keuchel’s MLB results have so badly tailed off in the last two seasons. The southpaw has a 6.35 ERA over 222 2/3 Major League innings since the start of the 2021 campaign, and he has yet to see any big league action in 2023.
Twins president of baseball operations Derek Falvey said earlier this week that the club’s left-handed hitting outfielders were drawing interest, and Hayes reports that Trevor Larnach in particular has been on the radar of the Mets and Padres. Larnach is only a couple of years removed from being a top-100 prospect, though he has a modest .223/.315/.380 slash line over 669 career plate appearances. This lack of performance and a season-ending core muscle surgery in 2022 have kept Larnach from really establishing himself in the majors, not to mention how the Twins’ outfield depth has led to Larnach spending a lot of extra time at Triple-A.
Since Larnach is only 26 and has a limited sample size of MLB experience, it makes sense why the Padres, Mets, and probably several other teams would want to bet on a post-hype breakout. It’s worth noting that Larnach hadn’t hit very much in Triple-A prior to this season, and even his .234/.363/.431 slash line over 157 PA for Saint Paul in 2023 is only decent, rather than a clear sign that Larnach has nothing more to prove in the minors.
With the Mets already looking ahead to 2024, a hypothetical New York/Minnesota trade package could include a right-handed hitting outfielder like Tommy Pham or Mark Canha, or reliever Brooks Raley. All would essentially be rental pickups, though Canha and Raley are controllable through club options for the 2024 season. Raley has pitched well enough that his $6.5MM club option ($1MM buyout) looks like a good bet to be exercise by the Mets, Twins, or whatever team might own his rights after the deadline.
Of course, injuries can always change the equation for any team as the deadline approaches, and the Twins placed Alex Kirilloff on the 10-day injured list today due to a right shoulder strain. Caleb Thielbar was activated from the 15-day IL in the corresponding move, with the left-hander returning after missing close to two months with an oblique strain. This came on the heels of a previous IL stint due to another oblique problem, resulting in Thielbar making only one big league appearance since May 6.
Kirilloff has been trying to play through the injury for several days, as manager Rocco Baldelli told reporters (including Phil Miller of the Minneapolis Star Tribune) that Kirilloff was hurt diving for a ball. Kirilloff is “just not able to swing the bat right now because he’s feeling some weakness in his shoulder,” Baldelli said, so the decision was made to put the first baseman on the IL for a full rest.
Wrist problems have plagued Kirilloff in the past, and his recovery from a wrist surgery last year delayed his 2023 debut until May 6. Finally healthy and given an extended chance to play, Kirilloff looked to be having a bit of a breakout season, with a very solid 124 wRC+ to show from his .270/.357/.442 slash line over 258 plate appearances while mostly playing as Minnesota’s regular first baseman. Donovan Solano and Joey Gallo are likely to be platooned at first base while Kirilloff is out, and if the Twins get any indication over the next two days that Kirilloff might be facing an extended absence, first base help might be added to the club’s deadline checklist.