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Olney On Price, Relievers, Colon, Salaries, Red Sox

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David Price's trade value may never be higher than it is right now, ESPN's Buster Olney argues, so the Rays may have to quell their competitive instincts and deal the ace southpaw even if they "aren't completely sold" on offers they receive before the year is out.  Olney covers several other topics in his Insider-only piece, such as how quality relievers such as Joe Smith or J.P. Howell could command three-year contracts worth $12MM-$18MM this winter.  Here's more from Olney…

  • Despite Bartolo Colon's good numbers in 2013, Olney says (in a video blog) that there isn't a strong market for his services since executives simply don't know what to expect from the soft-tossing 40-year-old.  Olney thinks Colon will find a one-year, $10MM-$12MM deal for 2014, similar to what MLBTR's Steve Adams predicts.  Despite the mutual interest between Colon and the Athletics, however, Olney predicts Colon will sign with a big-market team.  
  • Some agents believe there will be "a notable spike in salaries this winter," Olney tweets.
  • In an appearance on WEEI Radio's Mut & Merloni Show on Wednesday (WEEI.com's Jackson Alexander has a partial transcript), Olney said that if the Red Sox make Brian McCann a competitive offer, McCann would consider taking slightly less money since he's a good fit in their clubhouse atmosphere.
  • Also from the radio interview, Olney thinks "the smart play" for Stephen Drew would be to accept Boston's $14.1MM qualifying offer.  I'm not sure I agree with Olney, as while Drew couldn't find a $14.1MM average annual salary on the open market, he'd surely find a multiyear contract.  MLBTR's Tim Dierkes thinks Drew can find a four-year, $48MM deal this winter.
  • Olney also thinks the Mariners will try "to change the conversation" about their franchise by making a major offer to Jacoby Ellsbury.

Stephen Drew Expected To Decline Qualifying Offer

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Red Sox shortstop Stephen Drew will not accept the qualifying offer that Boston made him, a rival GM tells Peter Gammons of GammonsDaily.com (Twitter link). Drew's agent, Scott Boras, "already has set up a number of meetings on Drew for Tuesday at the GM meetings," the GM informed Gammons.

Of course, this news hardly rates as a major surprise. Though Drew probably ranks among the less obvious QO recipients, he still figures to warrant a big payday on the market, even with draft pick compensation attached. MLBTR's Tim Dierkes recently profiled Drew, arguing that four years and $48MM guaranteed is obtainable. As Dierkes explains, Drew's combination of strong defense and good power and on-base ability for a shortstop make for an appealing package. 

For just a $9.5MM guarantee, Boston GM Ben Cherington got about three-and-a-half wins above replacement from Drew in 2013. The Sox could now also reap a valuable draft pick, or — if other clubs hesitate to part with a top choice — get Drew to return to Boston on a below-market deal. 

Boras On Ellsbury, Choo, Drew, Morales

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Agent Scott Boras joined ESPN's Keith Law on his latest Behind the Dish podcast.  A few highlights:

  • Jacoby Ellsbury has "illustrated that he's a highly durable athlete," according to Boras.  The agent explained that people running into Ellsbury, which caused his two major injuries, has nothing to do with his durability.  Ellsbury is "a game-changer for a lot of franchises," as the importance of leadoff hitters has increased as power has declined.  Boras says a player of Ellsbury's caliber is typically locked up by his team and does not reach free agency.  I projected a seven-year, $150MM contract for Ellsbury in my recent free agent profile.
  • Shin-Soo Choo is a "premium defensive outfielder at the corners," says Boras, which is further proven by him being able to handle center field for a season with the Reds.  
  • Seven or eight teams could "change the dynamic of the production of their infield" with shortstop Stephen Drew, in the opinion of Boras.
  • Kendrys Morales' metrics at first base are above average, Boras told Law, adding,  "He clearly is a good first baseman."  Boras feels that pundits don't appreciate the rarity of a switch-hitter with a middle of the order bat, in this case.  Morales is "the only other one really than Cano who you can say has the ability to be a run producer in the middle of the lineup" in this free agent market, says Boras, an assessment with which the agents for Brian McCann, Mike Napoli, Carlos Beltran, Curtis Granderson, and Nelson Cruz might disagree.

Free Agent Profile: Stephen Drew

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Stephen Drew signed a one-year deal with the Red Sox last offseason to rebuild his value after losing nearly a year to a gruesome ankle injury.  "I think after this year, I think everyone is going to think a lot different about what type of player Stephen is and the impact he can have on a division-contending team," said agent Scott Boras when Drew signed.  Drew went on to have the mostly healthy, productive season he and his agent envisioned. The free agent market for shortstops is bleak, and Drew stands to benefit.

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Strengths/Pros

The average shortstop hit just .254/.308/.367 this year, so any offense out of the position is a plus.  Drew's .253/.333/.443 line looks quite good by comparison.  His OBP ranked third in baseball among shortstops with 500 PAs, and his slugging percentage ranked fourth.  Drew's .190 isolated power trailed only Hanley Ramirez and Troy Tulowitzki among shortstops.  There's room for more, too — Drew posted a .352 OBP in 2010, and slugged .502 with 21 home runs in '08.

Among those with 500 plate appearances in 2013, Drew's 4.10 pitches per PA ranked 21st in all of baseball, bested only by two other free agents.  He works the count well.

Drew really took off after returning from a hamstring injury in 2013, hitting .292/.367/.513 in 221 plate appearances from July 27th onward.

Drew's defense grades out as above average based on UZR, and anyone who saw him in the playoffs would agree.  Drew's overall production was good for 3.4 wins above replacement, and he reached 4.7 as recently as 2010.  He's an all-around player at a premium position.

Drew is still relatively young, as he doesn't turn 31 until March.

Weaknesses/Cons

Drew fractured his right ankle in a slide at home plate on July 20th, 2011, a season-ending injury that required surgery.  He hoped to be ready for Opening Day 2012, but instead made his season debut for the Diamondbacks on June 27th.  Said D'Backs Managing General Partner Ken Kendrick, "I think Stephen should have been out there playing before now, frankly.  I, for one, am disappointed. I'm going to be real candid and say Stephen and his representatives are more focused on where Stephen is going to be a year from now than on going out and supporting the team that's paying his salary."  Boras denied the claim, making a reasonable point: "If you're talking about what the best thing Stephen can do for himself, that's to play baseball and play a lot of it.  I don't think he wants anything different. That's the best thing he can do for Stephen and for his team. Why would he not want to play? The guy's going to be a free agent."  Still, some damage was likely done to Drew's reputation by Kendrick's comments.  It didn't help that Stephen's older brother J.D. had been known as one of the game's more injury-prone players.  With free agency approaching, the D'Backs traded Stephen Drew to the Athletics in an August waiver trade.

A spring concussion pushed Drew's Red Sox debut to April 10th, and he later missed three weeks due to a hamstring injury.  Though Drew's injuries this year seemed minor and were not related to his ankle, he was limited to 124 regular season games, for a three-year average of about 96.  Until he goes out and does it, some teams may be skeptical that Drew can handle 140+ games again.

Drew, a left-handed hitter, batted just .196/.246/.340 against southpaws this year.  He had a rough time away from Fenway, hitting .222/.295/.392 on the road.  Drew also struggled mightily with the bat in the postseason, with a .111/.140/.204 line in 57 plate appearances.  For most teams, the small postseason sample shouldn't be a deterrent, and Drew did homer in Game Six of the World Series.

Drew received a qualifying offer, so a team will have to forfeit its highest available draft pick to sign him.  It is possible the qualifying offer could have a significant effect on his market.

Personal

Drew was born in a small town in southern Georgia and resides nearby with his wife and two sons in the offseason, right down the street from older brother J.D.  By getting drafted in the first round in 2004, Stephen matched the near-impossible standard set by his older brothers Tim and J.D., who had both been drafted in the first round in 1997.  The Drew brothers are the only trio of siblings to have been selected in the first round of the MLB draft.  J.D. had a successful baseball career, which ended with a five-year stint with Boston, while Tim logged 35 appearances across in parts of five seasons.  Stephen told Gordon Edes of ESPNBoston.com he was a natural-born right-handed hitter, but took up swinging from the left side in admiration of J.D.   He'd later follow J.D. to Florida State and to the Red Sox (and even chose his number seven), though at a young age Stephen chose a very different position in shortstop rather than the outfield.

J.D. had a reputation of being quiet and dispassionate, but Stephen talks a lot more than his brother, noted Red Sox manager John Farrell in Edes' article.  He's a deeply religious man, wrote MLB.com's Steve Gilbert in 2010. 

Market

There hasn't been much buzz about the Red Sox re-signing Drew, perhaps because they have a ready replacement in Xander Bogaerts.  Teams that may be seeking a shortstop this offseason include the Pirates, Cardinals, and Mets.  Drew's market is not limited to that trio, and he will probably need some unexpected suitors to materialize.  For example, the Dodgers could move Hanley Ramirez to third base to make room.  Drew's only free agent competition is Jhonny Peralta, who won't cost a draft pick but also isn't considered a shortstop by some teams. 

Expected Contract

Boras is probably telling teams Drew is one of the best shortstops in baseball, and certainly the best available this winter.  Don't be surprised if Boras sets out seeking a five-year contract for his client.  In reality, though, the fourth year will be a sticking point for most teams, along with the draft pick, and a three-year deal in the $36-42MM range is possible.  But I see Drew closer to the Michael Bourn range, so I'm predicting a four-year, $48MM deal.

Photo courtesy of USA Today Sports Images.

Napoli, Drew, Ellsbury Receive Qualifying Offers; Saltalamacchia Does Not

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2:10pm: Red Sox general manager Ben Cherington has confirmed to reporters, including Sean McAdam of CSNNE.com, that Napoli, Stephen Drew and Jacoby Ellsbury will receive qualifying offers (Twitter link). Saltalamacchia will not receive a qualifying offer, according to Cherington.

Ellsbury, MLBTR's No. 2 ranked free agent, was a lock to receive and reject a qualifying offer. The other three weren't as certain, but the Red Sox now stand to receive three extra first-round picks if this trio signs elsewhere.

Drew signed a one-year, $9.5MM contract with the Red Sox looking to rebuild his value, and he did just that. The shortstop enjoyed a strong age-30 campaign, batting .255/.333/.443 with 13 homers and playing standout defense at shortsop. He seems likely to pursue a multiyear deal on the free agent market this winter and could be in line for three to four years at an average annual salary north of $10MM.

MLBTR's Tim Dierkes profiled Ellsbury earlier this morning, noting that he's an ownership-level decision that could be signed despite a GM's protest. Tim projected a whopping seven-year, $150MM contract for Ellsbury, expecting agent Scott Boras to be able to convince at least one Major League owner that Ellsbury deserves more than Carl Crawford received three offseasons ago.

9:18am: WEEI.com's Alex Speier agrees with Dierkes' report and adds that Mike Napoli will receive a qualifying offer. Napoli batted .259/.360/.482 with 23 home runs this season, silencing doubts that the avascular necrosis (AVN) discovered in each of his hips last season would lead to an early decline for the slugger. Following a strong season that proved his health, Napoli is a lock to reject that offer and test the market, though he could still re-sign with Boston.

Napoli will be one the premier first basemen and sources of right-handed pop on this year's free agent market, with Dierkes suggesting a three-year, $42MM offer is attainable on the open market. With the qualifying offer attached, any team that selects outside the Top 11 in the 2014 draft will have to forfeit a first-round pick to sign him (the Top 11 would forfeit a second-round selection). In turn, the Red Sox would receive a compensatory pick at the end of the first round.

9:07am: The Red Sox are unlikely to extend a qualifying offer to Jarrod Saltalamacchia, MLBTR's Tim Dierkes has learned (Twitter link).

Saltalamacchia, 29, posted the best season of his career in 2013, slashing .273/.338/.466 with 14 homers in a career-high 470 plate appearances. He also tied a career best by playing in 121 games for the second consecutive season.

Tim projected a four-year, $36MM contract for Saltalamacchia in free agency this season, although that was under the assumption that he would be tied to draft pick compensation. If Saltalamacchia does not receive a qualifying offer from Boston, he could surpass that projection, as teams would not be required to surrender a first- or second-round draft pick in order to sign him.

New York Notes: Yankees, Cano, Ellsbury

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As always, New York will be an interesting market to watch this season, highlighted by the Yankees' attempts to re-sign Robinson Cano and the Mets' desire to aggressively participate in the free agent market. Here's the latest on both teams, courtesy of Jon Heyman of CBS Sports and Andy Martino of the New York Daily News…

  • The Yankees have already been linked to big fish like Masahiro Tanaka, Brian McCann, Shin-Soo Choo and Carlos Beltran, but Heyman adds that they've also had internal discussions about Jacoby Ellsbury, Matt Garza and Stephen Drew. As Heyman points out, Drew would be a peculiar target given Derek Jeter's $9.5MM player option for 2014.
  • According to Heyman, the Yankees are still the favorites for Cano, but there's a sizable gap between his eye-popping $305-310MM asking price and the Yankees' current thinking. Heyman says the Yankees have only shown a willingness to go to $160MM or so to this point.
  • According to Martino, no one from either camp has denied the fact that Cano's camp began negotiations by asking for $300MM+.
  • Martino adds that the Mets aren't likely to pursue Ellsbury on the free agent market, as his sources have indicated that GM Sandy Alderson simply isn't comfortable with the type of contract that Ellsbury will ultimately end up signing. Instead, expect the Mets to pursue trades and free agent signings of corner outfielders, as they're very pleased with Juan Lagares' glove in center field. This marks the second instance in the past six weeks or so in which we've heard specifically that the Mets aren't a likely match for Ellsbury.
  • General manager Brian Cashman worries that Hiroki Kuroda will return to Japan, writes Andy McCullough of the Star Ledger. He adds that one baseball official to whom he spoke would "be blown away" if Curtis Granderson didn't receive a series of lucrative offers on the open market despite his lost season.

Red Sox Will Make Qualifying Offers To Drew, Napoli, Ellsbury

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The Red Sox plan on extending qualifying offers to Stephen Drew, Mike Napoli and Jacoby Ellsbury, according to Jon Heyman of CBS Sports. That Ellsbury will receive a qualifying offer is no surprise; he currently ranks second on MLBTR's Free Agent Power Rankings and is commonly thought to be the No. 2 free agent on the market behind Robinson Cano.

Likewise, the news that Napoli and Drew will receive qualifying offers is none too surprising. Napoli is one of the top power bats on this year's free agent market, and the $14.1MM value of a qualifying offer would be just a $1.1MM raise on the $13MM he earned in 2013 after hitting all of the incentives on his one-year contract.

Drew earned $9.5MM in 2013, so the risk is somewhat more substantial for the Red Sox, especially considering the fact that they have Xander Bogaerts in tow as the shortstop of the future. However, Drew should be able to secure a multiyear contract in what is, as always, a thin class of free agent shortstops. He and Jhonny Peralta are the only two free agents that could be realistically expected to hold down an everyday shortstop role in 2014. 

Napoli batted .259/.360/.482 with 23 homers in his first season with the Red Sox, appearing in 139 games (578 plate appearances) and showing no signs of ill effect from his recent diagnosis of avascular necrosis (AVN) in each of his hips. Napoli has already gone on record as saying he'd like to return to Boston, though he's unlikely to accept the qualifying offer, knowing that the Red Sox (and the rest of the market) value him more highly than that. MLBTR's Tim Dierkes projects that he'll sign a three-year, $42MM contract this offseason.

Though he slumped in the postseason, Drew slashed a strong .253/.333/.443 with 13 regular-season home runs. His overall line is boosted by a sizzling second half in which he batted .276/.356/.481 with eight of his 13 homers. UZR/150 pegged his shortstop defense as 6.7 runs above average.

Absent from the list of free agents expected to receive qualifying offers is catcher Jarrod Saltalamacchia. Heyman writes that at this time, it's unclear as to whether or not the Red Sox will be comfortable tendering the 29-year-old a one-year, $14.1MM offer. I'd expect that Salty will receive the offer as well, and Tim agreed in his free agent profile of Saltalamacchia, pegging him for four years and $36MM even with draft pick compensation attached.

East Notes: Strasburg, Harper, Drew, Orioles

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The Nationals informed the press today that three critically important players had undergone "successful" surgeries, none of which are expected to present obstacles to a normal Spring Training. Dan Kolko of MASNsports.com, who was first to report the news on Twitter, rounds up the latest here. Staff ace Stephen Strasburg had bone chips removed from his right elbow; outfielder Bryce Harper had work done to the bursa in his left knee; and first baseman Adam LaRoche had his left elbow cleaned up. Each is reportedly on a four to six week timetable, though as Mark Zuckerman of CSNWashington notes, bone chip removal in a throwing elbow typically requires a three to four month window for a full recovery. Elsewhere in baseball's eastern divisions …

  • Stephen Drew of the Red Sox has had one of the most anemic offensive post-seasons ever, and Joel Sherman of the New York Post wonders whether it will impact his free agency. Of course, as Sherman also details, Drew has been outstanding defensively during the Sox' run to the World Series. The expectation, he writes, is that Boston will make Drew a qualifying offer and attempt to keep him around, with the shortstop ultimately pulling down three or even four years at around $12MM a pop.
  • Looking at things from the perspectives of the New York clubs, each of whom could have a use for Drew, Sherman says that Drew figures to cost too much for the Mets' liking. For the Yankees, meanwhile, Drew seems more of a second-level possibility whose attractiveness will depend upon who else the Yanks can sign and the status of Alex Rodriguez and Derek Jeter.
  • With managerial openings beginning to be filled, the Orioles are likely to act soon to decide upon a pitching coach, writes Eduardo Encina of the Baltimore Sun. The leading candidates, according to Encina, include three men with prior experience as pitching coaches (Rich Dubee, Carl Willis, and Dave Wallace) along with Andy Hawkins, the Rangers' bullpen coach.

Yankees Links: Oppenheimer, Payroll, Joba, Drew

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It was 10 years ago today that the old Yankee Stadium hosted the last World Series game in the building's storied history.  It wasn't a memorable one for the Yankees, as they were shut out by Josh Beckett in Game Six of the 2003 World Series and the Marlins clinched the title.  Here's the latest news about the Bronx Bombers…

  • Damon Oppenheimer will remain as the Yankees' amateur scouting director, Mark Feinsand of the New York Daily News reports.  Oppenheimer's job was rumored to be in jeopardy due to a series of less-than-fruitful drafts but the Yankees' highly-regarded 2013 draft class may have saved him.  Mark Newman, the club's senior VP of baseball operations, could still be in danger of being fired, Feinsand notes.
  • Even if the Yankees spend $300MM on free agents this offseason, ESPN's Mike Petriello (Insider subscription required) doesn't think it will be enough to offset its declining veterans and lack of farm system reinforcements.
  • Joba Chamberlain's days as a Yankee are finished, according to Mike Axisa of the River Ave Blues blog in his review of Chamberlain's 2013 season.  "I don’t think [the Yankees] will bring him back under any circumstances, not even on a minor league contract," Axisa writes.  Chamberlain posted a 4.93 ERA, 8.1 K/9 and 5.6 BB/9 in 42 relief innings last year and has fallen out of favor with the Yankees.
  • Stephen Drew's ability to play both shortstop and third base would fill a valuable need for the Yankees next season, but ESPN New York's Andrew Marchand doesn't think Drew would sign for a team that might not have a regular starting job for him if Derek Jeter and Alex Rodriguez are around.  The Bombers also wouldn't want to give up their first round draft pick to sign Drew if the Red Sox make Drew a qualifying offer.
  • David Robertson doesn't know if he'll be the Yankees closer next year but the reliever tells MLB.com's Bryan Hoch that he's ready for the challenge of taking over from Mariano Rivera.  As I wrote in my Offseason Outlook piece about the Yankees, it wouldn't be surprising if New York brings in a veteran with closing experience to at least compete with Robertson for the job.

Sherman’s Latest: Tanaka, Kuroda, Red Sox

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On Friday it was reported that the Yankees are expected to be serious players for Japanese ace Masahiro Tanaka. While many teams figure to be in the mix, the New York Post's Joel Sherman offered up a look at why the Yankees, specifically, will be motivated to sign Tanaka. Here are some of the highlights from Sherman's latest work…

  • The Yankees want to re-energize their fanbase and generate interest in buying tickets again, and adding Tanaka would allow them to do so without shattering the luxury tax threshold, as the posting fee wouldn't go against that figure. Sherman spoke with multiple executives who told him that each team is set to receive about $25MM from national TV revenue, and the Yankees also received a good chunk of money when News Corp. bought 49 percent of the YES Network. As Sherman puts it: "The Yanks have a big pile of newfound money to use lavishly for a posting bid."
  • Sherman also lists the Red Sox, Rangers, Giants, Diamondbacks and Blue Jays as suitors for Tanaka.
  • The Yankees may be extra-motivated to sign Tanaka due to the fact that many within the organization believe Hiroki Kuroda is leaning toward returning to Japan to finish his career.
  • In a separate piece, Sherman writes that Boston's decision on whether or not to tender qualifying offers to Jacoby Ellsbury, Stephen Drew, Mike Napoli and Jarrod Saltalamacchia will shape the market. Sherman spoke with four Major League executives — two from the AL and two from the NL — and asked about the Red Sox quartet's chances at receiving a qualifying offer. All four agreed that Ellsbury will receive one. Both AL execs and one of the NL expected Napoli to receive an offer, while just one of the NL execs thought that Drew and Saltalamacchia would get offers. Sherman offers his own expectation as well, predicting that all four will receive qualifying offers.
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