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Tyler Mahle

Reds Plan To Activate Tyler Mahle For Sunday Start

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The Reds are set to welcome right-hander Tyler Mahle back from the injured list this weekend, as they announced to reporters Wednesday that he’s in line to start Sunday’s game against the visiting Cardinals (Twitter link via Charlie Goldsmith of the Cincinnati Enquirer). The team also reinstated right-hander Dauri Moreta from the Covid-related injured list and returned righty Ryan Hendrix to Triple-A Louisville.

Mahle, one of the most notable trade candidates on the summer market, hit the injured list with what was deemed a minor shoulder strain earlier this month. The 27-year-old righty said shortly thereafter that he planned to return quickly after the All-Star break, and that will indeed be the case. A Sunday return will give Mahle enough time to make two starts before the Aug. 2 trade deadline, so scouts from opposing clubs will have multiple opportunities to evaluate him on the heels of his recent shoulder issue.

Prior to landing on the injured list, Mahle was trending upward in terms of his performance. The former seventh-rounder got out to a brutal start this season but turned a corner in late May and stringing together a 2.58 ERA over a stretch of seven outings. Dating back to May 1, Mahle has a 3.86 ERA with strikeout and walk rates that fall in line with the standards he set when establishing himself as at least a quality mid-rotation hurler from 2020-21.

While Mahle doesn’t draw as much fanfare as rotation-mate Luis Castillo, he’s quietly built a nice track record at the big league level. Even including a pair of his worst-ever starts earlier this season (combined 15 runs allowed in 7 2/3 frames), Mahle has a 3.94 ERA in 320 innings dating back to the 2020 season. He’s punched out 27.5% of his opponents against an 8.9% walk rate along the way, sitting at 94 mph with his heater and brandishing a splitter and slider that have both graded out as above-average pitches at times. Lately, he’s gravitated more toward the low-spinning splitter — particularly against lefties.

It’s hard not to wonder how Mahle might fare with another club, as his hitter-friendly home park has been a thorn in his side even as he’s found success over the past three seasons. Mahle has a bloated 4.90 ERA and has yielded 1.71 homers per nine innings pitched at Great American Ball Park dating back to 2020. During that same three-year stretch, he’s notched an excellent 2.93 ERA on the road, while yielding an average of just 0.52 homers per nine innings.

Like Castillo, Mahle is controlled not only for the 2022 campaign but also through the 2023 season via arbitration. He’s being paid $5.2MM for the current season and will earn a raise on top of that figure for the 2023 season before hitting the free-agent market in advance of his age-29 campaign.

Reds Place Tyler Mahle On Injured List With Shoulder Strain

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2:54pm: Mahle tells reporters that an MRI revealed only irritation but no structural damage (Twitter thread via Charlie Goldsmith of the Cincinnati Enquirer). Mahle said the issue is “not concerning at all” and that he plans to return shortly after the All-Star break.

1:28pm: The Reds announced Wednesday that right-hander Tyler Mahle has been placed on the 15-day injured list with a shoulder strain. The move is retroactive to Sunday. Righty Ian Gibaut, whom the Reds claimed off waivers this week, will take his spot on the active roster. Cincinnati also announced that catcher Chris Okey cleared waivers and will remain in the organization after being assigned outright to Triple-A Louisville.

Mahle, one of the more notable trade candidates in the National League, had been scheduled to start a game for the Reds tomorrow. The team has not yet provided a timetable on his potential return, but the earliest he’ll be able to return is just two weeks prior to the Aug. 2 trade deadline.

The timing of the injury is brutal for the Reds, who have watched as Mahle has shaken off a poor start and rounded into form as next month’s deadline looms. After pitching to a grisly 7.01 ERA through six starts and walking 14 of the first 120 hitters he faced (11.7%), Mahle has rebounded to the tune of a 3.51 ERA, 27.8% strikeout rate and 8.0% walk rate across his past 66 2/3 frames. Nearly one-third of the 26 runs he’s allowed dating back to May 8 came in one nightmare outing against the Cubs on May 24 (eight runs in four innings). Since that start, Mahle owns a 2.58 ERA, 28.3% strikeout rate and 7.1% walk rate in 45 1/3 frames.

For much of the season — and for much of the offseason — it’s looked as though Mahle, teammate Luis Castillo and A’s ace Frankie Montas would be the three most coveted names on the trade market. All three are affordably controlled through the 2023 season and have made substantial strides in recent years to establish themselves as (at least) quality mid-rotation hurlers. Now, with Mahle on the injured list for a yet-to-be-determined period and Montas dealing with shoulder inflammation of his own, Castillo suddenly stands as the lone, healthy member of that heavily speculated-upon trio.

It’s still possible, of course, that Mahle makes a quick return from the IL, pitches well and that his medical records look sufficiently clean for a trade to come together. There’s little denying that a shoulder strain just three-plus weeks from the deadline, however, is going to give any number of would-be trade partners a fair bit of trepidation regarding the righty’s short- and long-term outlook. If the Reds are ultimately unable to move Mahle, they’d be able to try again this winter or at the 2023 deadline, health permitting. His value won’t be nearly as high at either juncture, however.

With Mahle shelved for at least the next couple weeks, an even broader focus will be placed on Castillo, who has been excellent since missing the first month of the season recovering from a spring shoulder injury. Utilityman Brandon Drury has become an oft-suggested trade candidate, but the Reds also have a series of other possible candidates. Outfielders Tyler Naquin and Tommy Pham and southpaw Mike Minor are among the other veterans the Reds could peddle in the weeks to come.

Reds Return Aquino, Ashcraft, Motter To Minors

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MAY 23: As expected, Cincinnati announced this morning that Mahle, Almora, Kuhnel and Drury have been reinstated from the restricted list before tonight’s series opener with the Cubs. Aquino, Aschraft and Motter have been returned to the minors and are no longer on the 40-man roster.

MAY 20: The Reds announced a host of roster moves before their series against the Blue Jays. First baseman Joey Votto has been reinstated from the COVID-19 injured list. Outfielder Aristides Aquino, righty Graham Ashcraft and utilityman Taylor Motter have all been selected to the majors as designated COVID “substitutes.”

Cincinnati placed four players — Tyler Mahle, Albert Almora Jr., Joel Kuhnel and Brandon Drury — on the restricted list. That’s standard procedure for players who haven’t been vaccinated against COVID-19 playing on teams that are headed to Toronto. The Canadian government prohibits unvaccinated players from entering the country, so that quartet will be unavailable for this weekend’s series.

Votto returns after missing more than two weeks because of virus concerns. The six-time All-Star began experiencing COVID symptoms during the first week of May, and he wound up missing enough time the organization sent him on a brief minor league rehab assignment. After a pair of appearances with Triple-A Louisville, the Toronto native returns for a set against his hometown club. He’ll look to right the ship offensively after the time off; Votto has opened the season in a dreadful .122/.278/.135 slump through 22 games.

Aquino, Motter and Ashcraft all occupy temporary spots on the roster. That the club specified they were COVID substitutes suggests it’s likely to be a brief stint for all three. Players whose contracts are selected with that designation can be removed from the 40-man roster and returned to the minors without passing through waivers as the team returns to full strength. In the Reds’ case, that’ll be after this series, so each of Aquino, Motter and Ashcraft is probably only up for three days.

The righty-hitting Aquino opened the year in the majors but got out to an awful start. He was outrighted off the roster earlier this month, but he’s tattooed Triple-A pitching (.314/.405/.743 with four homers) through ten games. Motter signed a minor league deal last month. The righty-hitting utilityman is hitting .245/.344/.566 with Louisville and offers some multi-positional depth in Drury’s place.

While this figures to be a brief stint for Ashcraft, the 24-year-old will probably play a notable role on the roster before too long. A sixth-round pick out of UAB in 2019, the 6’2″ hurler has quickly developed into one of the better arms in the farm system. Ashcraft split last season between High-A Dayton and Double-A Chattanooga, posting an even 3.00 ERA across 111 innings. He’s spent this year with Louisville, working to a 1.65 ERA over seven starts, albeit without great strikeout or walk numbers.

Baseball America recently ranked Ashcraft the #12 prospect in the Cincinnati organization, praising a mid-90s cut fastball that serves as his primary offering. Both BA and FanGraphs — which slotted him #17 in the system — suggest that Ashcraft’s below-average changeup and inconsistent control point to a long-term bullpen future, but he’s remained a starter to this point as a pro. Ashcraft will have to be added to the 40-man roster next offseason to keep him from selection in the Rule 5 draft, and potential trades by the last-place Reds could open an extended opportunity for him later this summer.

Cincinnati also announced that shortstop José Barrero will begin a rehab assignment with the Bats. The club’s anticipated regular shortstop, he hasn’t played this season after suffering a hamate injury during Spring Training. Position players can spend up to 20 days on rehab assignments, suggesting Barrero’s set to make his 2022 debut within the next three weeks assuming all goes well in the minors.

Mets Scouting Frankie Montas, Tyler Mahle

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The Mets have recently had scouts watching Athletics right-hander Frankie Montas and Reds right-hander Tyler Mahle, the New York Post’s Jon Heyman reports.  With the aggressive Mets clearly focused on a championship this year, it isn’t surprising that the club is already looking ahead to possible trade candidates on struggling teams.

Montas is over 18 months older than Mahle, but the two have quite a bit in common.  The two righties are under control through the 2023 season via a third and final arbitration year, both have already been mentioned in trade speculation for months, and both have already made it through an offseason of payroll cuts by their respective teams.  In fact, the Mets and A’s already combined on a big pitching deal during the offseason when Chris Bassitt was brought to Queens.

Thus far in 2022, Montas has clearly been the better of the two pitchers in terms of bottom-line numbers, with a 3.67 ERA in 49 innings to Mahle’s 5.23 ERA over 43 innings.  The advanced metrics also generally favor Montas, though Mahle’s 4.28 xFIP and 4.15 SIERA paint a bit more of an optimistic view of his 2022 performance, and Mahle appears to be on the upswing with a 2.60 ERA over his last 17 1/3 frames.

It stands to reason that the Mets will probably at least monitor just about every available arm heading into the August 2 deadline, considering that Montas and Mahle figure to get attention from most or all pitching-needy clubs.  Oakland or Cincinnati probably have some idea of what some suitors are already willing to give up for either pitcher, based on offseason talks — the White Sox, Twins, Yankees, Tigers, Mariners, Rays, and Royals all reportedly had interest in Montas over the winter, while the Blue Jays and Rangers were linked to Mahle.

Despite a number of rotation injuries this season, the Mets have gotten quality work from just about every starter who has taken the mound.  However, health remains a concern, as Max Scherzer will miss 6-8 weeks with an oblique strain, Tylor Megill is on the IL with biceps inflammation, and Jacob deGrom has yet to throw a pitch this season due to a stress reaction his throwing shoulder.  Jumping to swing a deal with the Reds or A’s now would cost the Mets a heavier price in prospects, and it could be that New York will wait until closer to the deadline to make a move, as the Mets already have a sizeable cushion of a lead in the NL East race.

GM: Reds Do Not Expect To Trade Luis Castillo, Tyler Mahle

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Although the Reds’ offseason has consisted primarily of cutting payroll, general manager Nick Krall suggested to reporters this afternoon that his focus will now shift to adding to the roster rather than subtracting (Twitter link via Mark Sheldon of MLB.com). Specifically regarding sought-after right-handers Luis Castillo and Tyler Mahle, Krall stated: “I don’t see us moving any of those two players.”

Cincinnati’s offseason kicked off with Krall ominously stating that the organization needed to “align our payroll to our resources.” Those comments came in conjunction with the decision to waive Wade Miley and his $10MM salary following a strong season and to trade former Gold Glove-winning catcher Tucker Barnhart to the Tigers.

Following the lockout, the Reds traded veteran right-hander Sonny Gray to the Twins and attached third baseman Eugenio Suarez (still owed $35MM) to All-Star left fielder Jesse Winker in order to get the Mariners to take on the remaining salary. Cincinnati acquired prospects in both those post-lockout deals — pitchers Brandon Williamson and Chase Petty most notably — but the broader takeaway was that those trades trimmed nearly $50MM in payroll off the books.

There has indeed been something of a shift in philosophy today, as the Reds took on more than $7MM in salary when they flipped Amir Garrett to the Royals in exchange for veteran starter Mike Minor. They’ve also agreed to a $4.5MM deal with veteran infielder Donovan Solano. The moves certainly don’t make up for the losses of Miley, Gray and Winker, at least in terms of competitive expectations, but they do at least push back against the teardown narrative that had formed.

While some will wonder whether this is mere posturing, it’s rare for an executive to make public comments of this nature only to later walk them back. It’s possible that a team could simply overwhelm the Reds and force them to part with either Castillo or Mahle, both of whom are controlled via arbitration through the 2023 season, but it now seems likelier that they’ll open the year in the rotation alongside the newly acquired Minor.

If Castillo and Mahle are indeed off that market, that’s music to the ears of the Athletics, who surely won’t be making any such public declarations regarding lefty Sean Manaea and right-hander Frankie Montas. The A’s have already traded Matt Olson, Matt Chapman and Chris Bassitt as they look to trim payroll and stock back up on young talent, and it stands to reason that with heavy interest in both Manaea and Montas, further trades will follow suit. Subtracting Castillo and Mahle from the market only reduces the supply of available starters on the market and enhances Oakland’s bargaining power.

Blue Jays “Very Interested” In Tyler Mahle Prior To Lockout

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4:29 pm: The Jays also had interest in Gray and Castillo before the lockout, tweets Ben Nicholson-Smith of Sportsnet. That’s hardly a surprise, given that all three Cincinnati arms figure to draw plenty of attention from rival clubs whenever the transactions freeze ends.

12:51 pm: The Blue Jays had Tyler Mahle on their radar as a trade target before the lockout, as TSN’s Scott Mitchell hears from a source that the Jays “were very interested” in the Reds right-hander.  The exact timing of the Jays’ interest isn’t specified, or whether or not the club may have moved on from big-ticket pitching acquisitions after signing Kevin Gausman.

Cincinnati GM Nick Krall began the offseason with a quick trade of catcher Tucker Barnhart to the Tigers, and followed that deal up with his now somewhat infamous statement that the Reds “must align our payroll to our resources and continue focusing on scouting and developing young talent from within our system.”  Wade Miley (who had a $10MM club option for 2022) was then placed on waivers and claimed by the Cubs, thus sparking even more speculation about just how much payroll the Reds were looking to shed.

As such, players like Mahle, Luis Castillo, Sonny Gray, and many other veteran Reds players were immediately seen as trade candidates, even though Cincinnati didn’t make any other overt cost-cutting transactions before the lockout hit.  As MLBTR’s Anthony Franco speculated last month, it could be that between the Barnhart/Miley moves and Nick Castellanos’ likely free agent departure, the Reds might have already gotten their finances in order.  On top of that, the Reds were reportedly open to discussing Gray in trade talks but not either Mahle or Castillo.

This isn’t to say that the Reds wouldn’t at least listen if Toronto or another team came calling with a big offer, and if the Reds still had designs on contending in 2022, the Blue Jays could offer some combination of both young talent and big league-ready pieces.  Cincinnati would likely only accept such a significant trade package for Mahle given that he is both controlled through the 2023 season and coming off the strongest of his five years in the majors.

The 27-year-old righty has been both durable (227 2/3 innings) and effective since the start of the 2020 season, posting a 3.72 ERA and a 28.3% strikeout rate, though Mahle’s 8.9% walk rate was below the league average.  Mahle did have strong fastball spin rates in both seasons, and 2021 saw Mahle post far and away the best hard-hit ball rate of his career.

Mahle seems overqualified for a fourth or fifth starter role, yet that might be where he lines up in a Toronto rotation that also consists of Gausman, Jose Berrios, Hyun Jin Ryu, and Alek Manoah.  Ross Stripling is penciled in as the fifth starter for the moment, though as Mitchell notes, Stripling “profiles better as a swingman and spot starter” than as a regular rotation member.  Top prospect Nate Pearson is likely going to be on an innings limit after two injury-plagued seasons, so while a Pearson/Stripling combo isn’t bad on paper, the Jays might prefer to shift both pitchers into depth roles and cement their rotation by adding some sort of veteran starter, perhaps even one as accomplished as Mahle.

While it remains to be seen if Cincinnati will ultimately deal any of its three starters, the fact that all three may be available to some degree gives the Reds some leverage in talks.  In that sense, the Jays aren’t only bidding against other teams interested in Mahle, but also against what other teams (like the Dodgers or Angels) might offer the Reds for Castillo and/or Gray.  Given how aggressive Toronto GM Ross Atkins has been in searching out pitching options over the last few years, it is probably safe to assume that the Jays have also checked in on obtaining Castillo or Gray, though only the Blue Jays front office knows which Cincinnati starter is their chief target.

Post-Lockout Trade Candidates: Impact Players With A Chance To Move

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MLB Impact Trade Candidates

Earlier in the week, MLBTR owner Tim Dierkes published our list of the 14 players we consider to be the likeliest trade candidates following the ongoing MLB lockout. That list was the result of an extensive talk with Tim, myself and Anthony Franco, wherein we considered the possibility of more than 100 players and whether they could (or could not) viably change hands. While that Athletics-heavy list contained who we agreed to be the likeliest, it certainly didn’t represent every plausible trade candidate in our eyes.

As Tim noted within that post, we wound up sorting our list of plausible trade candidates into various buckets/tiers. The top 14 was simply the likeliest, regardless of contract or quality of player, but for the remainder of the exercise, we chose to categorize things based on how impactful a player might be to his new team. This, admittedly, is subjective. We didn’t establish a defined set of concrete parameters in labeling this group “impact” players; rather, we focused on mid-rotation (or better) starting pitchers, high-leverage relievers and hitters with recent All-Star-worthy performances (even if they didn’t necessarily result in an actual All-Star berth). Three wins above replacement in a given season wasn’t a firm cutoff, but we did ask at multiple points whether we a player had recently or could be reasonably expected/projected to turn in a 3-WAR season while sorting them.

Once these players were tiered, we further broke them down by whether they were legitimately plausible candidate to change teams or just someone whom other clubs would be trying to pry away. Basically, none of Tim, Anthony or myself would bat an eye to see Luis Castillo or Frankie Montas traded. Bryan Reynolds or Cedric Mullins, though? We’ll probably hear about teams trying to pry those players loose from their respective clubs (hence their inclusion), but a deal coming together seems like a long shot and would register as a mild surprise (if only because of the asking price and remaining club control).

As Tim explained, some of these players are interconnected. While the Reds have three starters who could plausibly change hands, we don’t necessarily think all three will move. It’s the same with the A’s roster. They could plausibly move multiple players — GM David Forst said amid November reports of a mandate to slash payroll that they’d have to listen on the whole roster — but that doesn’t mean the A’s are going to trade seven or eight players.

Anthony will follow this list up in the near future with a collection of solid regulars who we believe could change hands and/or will be in high demand following the lockout, but for now, here’s our second tier of trade candidates — legitimate impact players who could plausibly change teams but perhaps aren’t as likely to go as those listed by Tim earlier in the week…

Plausible/Decent Chance to Move

Luis Castillo / SP / Reds

The Reds’ offseason transactions since the close of the 2020 season have included a salary dump of Raisel Iglesias, non-tendering another quality reliever (Archie Bradley), trading Tucker Barnhart to Detroit, and placing Wade Miley on waivers rather than picking up a reasonable $10MM option. GM Nick Krall kicked off the 2021-22 offseason by declaring a need to “align our payroll to our resources.” Rumors of trades involving Luis Castillo, Sonny Gray (listed among our 14 likeliest candidates due to his age and larger price tag) and Tyler Mahle naturally followed.

Even if the Reds aren’t actively shopping the 29-year-old Castillo, teams will be calling to inquire, and Krall and his staff will be listening.  The Reds probably aren’t going to shop him and simply let him go for the best offer, as they control him through 2023. They could always hold and market him again this summer or next offseason if no enticing offer materializes post-lockout.

Still, Castillo might be the best starting pitcher who could feasibly change hands. He got out to a brutal start in 2021, but over his final 22 starts, Castillo was excellent. He racked up 135 1/3 innings (six-plus innings per start) and notched a 2.73 ERA with a 26% strikeout rate, a 9.4% walk rate and a massive 59.9% ground-ball rate. Castillo’s ugly April/May results skew both his 2021 numbers and his collective numbers from 2019-21, but over the past three seasons he’s still posted a 3.61 ERA while fanning 27% of his opponents.

Maybe he’s not a true “ace,” but Castillo is a playoff-caliber starter for virtually any team. He’s projected to earn $7.6MM in 2022 and would be owed one more arbitration raise in 2023. Essentially, he’ll cost somewhere in the neighborhood of $20MM for the next two seasons — a bargain rate that should be reflected in a huge asking price from the Reds.

Tyler Mahle / SP / Reds

Mahle doesn’t have the name value that Castillo brings to the table, and his track record of success is shorter. Nonetheless, he’s blossomed into a sharp mid-rotation arm over the past two seasons, sporting a 3.72 ERA with a 28.1% strikeout rate and 8.9% walk rate. Unlike Castillo, he’s a fly-ball pitcher, which has at times bitten him at his bandbox of a home stadium; Mahle has given up 30 home runs in 227 2/3 frames dating back to Opening Day 2020, and 24 of them have come at home. He posted a 2.30 ERA away from Great American Ball Park in 2021 and, in his career, has a 5.09 ERA at home versus a 3.72 mark on the road.

A spacious home park would benefit Mahle perhaps even more than your average starter, although his penchant for yielding fly-balls will likely always make him a bit susceptible to the long-ball. Mahle has also been more of a guy who pitches into the sixth rather than completes six or seven frames (5 1/3 innings per start since 2020), but that’s increasingly common in today’s era of aggressive bullpen usage.

Mahle’s shorter track record may give some fans pause, but teams are likely comfortable projecting him as a quality arm based on the past two seasons of missing bats at a high level. And, that shorter track record has left him with a lower price point in arbitration, as he’s projected to earn $5.6MM in 2022. Like Castillo, he’s controlled through 2023, so there’s no immediate urgency to move him — especially given his affordable price tag. Still, teams will be calling, and the Reds can justifiably ask for a strong return.

Frankie Montas / SP / Athletics

Sticking with pitchers who have two remaining years of club control, Montas joins a long list of Athletics who could be traded post-lockout. Amid reports of a mandate to slash payroll, GM David Forst outwardly acknowledged back in November that the A’s will have to listen to offers on the majority of their roster.

Montas, unlike free-agents-to-be Sean Manaea and Chris Bassitt, is controlled through 2023. And unlike Matt Olson and Matt Chapman, his projected $5.6MM salary is a bit easier for the A’s to stomach. That’s why Montas is in this “bucket” of our trade candidate rankings, but even if he’s not as likely to move as some of his teammates, a deal is certainly still plausible.

Though Montas isn’t without red flags — he served an 80-game PED suspension in 2019 and had never reached 100 innings in a big league season prior to 2021 — it’s hard to ignore the quality results. Since 2018, Montas has pitched 401 innings of 3.57 ERA ball with a 24.4% strikeout rate, 7.3% walk rate and 43.7% ground-ball rate. His swinging-strike rate has continued to improve, and this past season’s 26.9% strikeout rate was a career-best. He’ll turn 29 in May, and he’s an upgrade for any team’s rotation.

Tyler Glasnow / SP / Rays

Glasnow is the most talented name on this list and, when healthy, looked the part of a legitimate ace with Tampa Bay. From 2019-21, Glasnow tallied 206 innings with a 2.80 ERA and fielding-independent marks to match. He punched out a ridiculous 36% of his opponents, walked just 7.8 percent of them and kept the ball on the ground at a 45% clip. Among the 114 starting pitchers who totaled at least 200 innings in that time, Glasnow ranks tenth in swinging-strike rate and second to only Shane Bieber in his combined percentage of called and swinging strikes. Only Jacob deGrom and Gerrit Cole had higher strikeout rates.

With that type of profile, two years of team control remaining and a projected $5.8MM salary for the 2022 season, a healthy Glasnow would be a no-brainer for the Rays to keep. Of course, Glasnow is not healthy. He’s likely to miss most, if not all of the upcoming season after undergoing Tommy John surgery last August. Arb-eligible players who miss an entire season due to injury typically sign on for a repeat of their prior year’s salary, meaning that in 2023 Glasnow will likely pitch on the same salary as 2022. Using that same $5.8MM projection, the Rays would be looking at about $11.6MM for one season of Glasnow, when his workload would need to be monitored coming back from major surgery.

Glasnow’s career-high innings total in the Majors is 2018’s 111 2/3, and his career-high for any professional season is when he reached 155 innings between Triple-A and Pittsburgh combined back in 2017. Realistically, the Rays would probably be thrilled to get 100-120 innings from Glasnow in 2023 — and an $11-12MM price tag on that modest total is rather steep for a team with Tampa Bay’s general payroll concerns.

Other clubs would welcome the opportunity to take that chance, however. We’ve seen two-year pacts for Tommy John rehabbers like Drew Smyly ($10MM with the Cubs), Michael Pineda ($10MM with the Twins) and Garrett Richards ($15.5MM with the Padres). Glasnow’s price tag is toward the lower end of that spectrum in terms of dollars, but the cost of trading prospects also has to enter into the equation. For an arm of this caliber, however, there are plenty of teams that would take the plunge.

Glasnow, for his part, recently told Chris Rose that he strongly hopes to remain with the Rays (YouTube link). Perhaps there’s a contract to be worked out that could benefit both parties, but Glasnow himself acknowledged the uncertainty surrounding his status and that president of baseball operations Erik Neander will have to listen to some offers if and when other teams come calling.

Josh Hader / RP / Brewers

Teams have been trying to get their hands on Hader for years, and the Brewers have steadfastly refused all overtures. The reluctance is understandable, as Hader has established himself as arguably the best reliever in the sport. In 282 1/3 career innings, he’s posted a 2.26 ERA and fanned exactly four out of every nine batters faced. No longer being used for multiple innings at a time, Hader posted a career-best 1.23 ERA in 58 2/3 frames this past season. The homer he allowed to Freddie Freeman in the NLDS isn’t a great note on which to close a season, but looking at Hader’s broader playoff track record, he has a 1.88 ERA and 23-to-3 K/BB ratio in 14 1/3 innings.

Trading the game’s most impactful reliever wouldn’t be easy for president of baseball operation David Stearns, but Hader’s value is at its apex. He’s also projected to see his salary spike to $10MM in 2022, with a fourth and final arbitration raise coming in 2023. Hader is dominant, but the typically low-payroll Brewers are flirting with what would be a record $123MM payroll. It’s not accurate to suggest that the presence of a second powerhouse reliever, Devin Williams, makes Hader expendable, but Williams’ excellence would at least slightly soften the blow of a theoretical Hader trade.

Milwaukee could still stand to improve its offense, and moving Hader could both free up some financial resources and simultaneously net some immediate help for the big league lineup. The Brewers don’t have to move Hader now, to be clear. However, they probably wouldn’t move him in-season if they’re contending — meaning it’s now or next winter, when they’d be marketing one year  and a $15MM+ salary. That would net far less long-term value. It’s a fine line to walk.

Joey Gallo / OF / Yankees

Gallo popped 13 homers in 58 games following a July trade from Texas to the Bronx, but it’s fair to say the deal didn’t work out as New York had hoped. Gallo’s strikeout rate, which had dipped a bit with the Rangers, spiked to 38.6% as a Yankee. The resulting .160/.303/.404 batting line in 228 plate appearances is one of the more bizarre slashes you’ll ever see from a regular player.

Struggles in New York aside, Gallo was hitting .223/.379/.490 through 388 plate appearances in Texas and had bashed 25 homers in that span — putting him on pace for what would’ve been his third career 40-homer season had he not dropped off with the Yankees.

Gallo has as much power as anyone in baseball, and he’s made himself into a strong defender in the outfield corners (who can handle center from time to time). However, he’s projected to earn $10.2MM in arbitration this season, and it’d be understandable if the Yankees were hesitant at that price based on his post-trade struggles. New York is projected to top $226MM in luxury tax concerns, so moving Gallo could prove beneficial if owner Hal Steinbrenner is again intent on dipping beneath the threshold (wherever that’ll ultimately lie in 2022).

The Yankees have Aaron Judge, Aaron Hicks and Giancarlo Stanton as outfield options, with Estevan Florial serving as a possible reserve. Were they to give Gallo a change of scenery by moving him to a team seeking pop in the outfield, they could always sign a free agent to replenish some of the depth. It’s not clear that the Yankees will shop Gallo once the lockout lifts, but the New York Post’s Joel Sherman wrote about the possibility back in October, reporting within that as many as seven other teams tried to land Gallo at the deadline. If he’s on the block, there’ll be interest.

Longer Shots due to Asking Price and/or Remaining Club Control

Ramon Laureano / CF/ Athletics

Given Forst’s comments and the reports of forthcoming payroll reduction, it’s viable that anyone earning a salary of some note will at least be discussed. Laureano, projected to earn $2.8MM this coming season after his first trip through the arbitration process, also represents one of the few plausible center field options on the market, which should lead to plenty of teams inquiring on his availability.

Trading Laureano is more complicated than moving some of his teammates. He’s currently in the midst of an 80-game PED ban which, beyond raising questions about his performance to date, could come with major service time implications. Laureano still needs to serve 27 games of that suspension, which could impact his path to free agency. He currently has three years and 14 days of service time, meaning he’d need 158 days in 2022 to cross the threshold into four years of service and remain on track to hit the open market post-2024. There are only 187 days in a standard season, making it unlikely he’ll end up accruing the necessary time on the roster to get to that point. (Remember that off-days spent on the MLB roster count as a day of service.)

There’s always the small chance that some other factor impacts this trajectory (e.g. the ongoing labor talks, a potentially shortened 2022 schedule, a grievance filing), but as it stands, Laureano could wind up under team control through 2025 rather than 2024. An extra year of team control both heightens his appeal but also makes it tougher to trade him.

Beyond the service-time considerations, Laureano underwent core muscle surgery after the season, which adds another layer to a complicated scenario. But looking solely at Laureano’s numbers, he’s a difference-maker for a team in need of a center fielder (e.g. Phillies, Marlins, Guardians). A career .263/.335/.465 hitter with 25-homer pop, good speed and plus center field defense isn’t a hard sell.

Jesse Winker / OF / Reds

I explored Winker’s situation at length last week, with the bottom-line point being that it makes little sense to listen to offers on starting pitchers with two years of club control remaining (e.g. Castillo, Mahle, Gray) without doing the same on Winker. The 28-year-old slugger has had some issues with durability, doesn’t hit lefties well (though he’ll still draw his walks against them) and isn’t a great defender. That’s an odd trio of qualities to focus on when talking about someone’s trade candidacy, but the other side of the coin is more compelling: Winker’s production against right-handed pitching is at Bryce Harper/Juan Soto levels of brilliance.

Since 2020, Harper and Soto are the only two qualified hitters in baseball with a better mark than Winker’s 169 wRC+ against righties. In terms of more traditional slash metrics, he’s batting an outrageous .322/.417/.619 when holding the platoon advantage. With all the talent on the Reds’ roster, I think Cincinnati should be in aggressive, win-now mode. Krall’s early comments and their dealings since 2020 suggest otherwise, however, and if you’re going to listen on the other guys with four-to-five years of MLB service — why not listen on Winker as well? Cleveland, Colorado, Philadelphia and so many others are looking for offensive upgrades in the outfield corners.

Pablo Lopez / SP / Marlins

As is a common refrain on this list, the Marlins have no urgency to move Lopez, who’ll turn 26 in March. He was limited to 102 2/3 innings by shoulder issues last season and has yet to top 111 2/3 frames in a Major League season, but Lopez has been pretty darn good when healthy. From 2020-21, in particular, he’s compiled 31 starts and 160 innings of 3.26 ERA ball with a 26.4% strikeout rate and a 6.7% walk rate. He’s in his first trip through arbitration and projected for a highly reasonable $2.5MM salary.

So, why even bother considering a move? The Marlins are still hopeful of landing some help in center field, and they’re also so deep in pitching talent that it borders on comical. The old adage that a team can never have too much pitching always rings in the back of our minds, but the Marlins aren’t short on options beyond Lopez. Sandy Alcantara, Trevor Rogers, Elieser Hernandez, Jesus Luzardo, Sixto Sanchez, Edward Cabrera, Braxton Garrett, Nick Neidert, Cody Poteet and Daniel Castano are all on the 40-man — and top prospect Max Meyer is quickly rising through the minors. Injured top prospect Jake Eder will be back in 2023.

Jose Ramirez  / 2B, 3B / Guardians

The favorite subject of so many hypothetical trade scenarios from fans, Ramirez does feel likely to end up traded … at some point. The question is whether now’s the time. Cleveland has him for $11MM this year plus a $13MM option in 2023. Given Ramirez’s elite play, there’s little chance of the Guardians extending him beyond that 2023 season, but there’s also good sense in Cleveland taking another run at the AL Central with Ramirez as a focal point. The pitching is still excellent, and while the lineup clearly needs another bat or two, the 2022 payroll is currently projected at only $49MM. There’s room to add some help for Ramirez and Franmil Reyes, and a deep farm system could also provide some in-house upgrades.

It’s also impossible to look at the situation without accounting for public relations. We’re only a year removed from Cleveland trading Francisco Lindor in a wildly unpopular move, and many fans’ anger with further fueled by the team’s name change. The newly-named Guardians are looking to usher in a “new era” of Cleveland baseball, and trading their best player for a second straight offseason isn’t a great way to foster good will.

If the first half of the season goes poorly, I’d expect Ramirez to be among the most talked-about names at the 2022 trade deadline, and there’d be a much stronger chance he moves at that point. With regard to the offseason, however, there’s just not enough urgency to push something across the line unless Toronto or another on-paper suitor puts forth an over-the-top offer. Even then, fans who’ve already purchased new Guardians gear bearing Ramirez’s name are going to feel rather jilted. It’d be tough for the front office to make this move now.

Bryan Reynolds / OF / Pirates

Reynolds is the best player on a last-place team that’s squarely in the midst of a rebuild so it’s hardly a surprise that he’s been in trade rumors dating back to the summer. Rival teams know the Pirates are open for business, and it’s only natural they’d try to acquire a center fielder capable of posting a .302/.390/.522 slash like the one Reynolds logged in 2021.

On the one hand, there’s an argument that the rebuilding Buccos ought to listen on anyone — and they surely will. But on the other hand, Reynolds is 27 and controlled another four seasons. His trade value won’t diminish substantially if the Pirates hold onto him, giving the fans at least one recognizable and marketable star player. Reynolds is a Super Two player who’s projected to earn an eminently affordable $4.5MM in 2022, so there’s no financial pressure. Everyone has their price in a trade, especially on a team like the Pirates, but for some context, that price reportedly included Mariners uber-prospect Julio Rodriguez (and more) when the two teams last talked. Baseball America currently ranks Rodriguez as the No. 2 prospect in all of baseball.

Cedric Mullins / OF / Orioles

Most of what was written about Reynolds applies to Mullins. The Orioles’ breakout star put together a 30-30 season last year while hitting .291/.360/.518 and is controllable for another four seasons — through age 30. No one expects the Orioles to contend in 2022, but they’ll get a look at top prospects like Adley Rutschman, Grayson Rodriguez and D.L. Hall this year. Reinforcements from the farm are on the way, and it’s feasible that by 2023 (and certainly by 2024), they could be on the cusp of turning a corner. Mullins will be under control, affordable and in his prime at that point.

The Orioles aren’t going to declare anyone on their Major League roster “untouchable,” but Mullins would only be available for a staggeringly strong offer. A Mullins trade doesn’t seem likely, but teams are going to at least try to force GM Mike Elias’ hand.

Ketel Marte / 2B, CF / Diamondbacks

Teams have been trying to pry Marte from the D-backs for more than a year. Arizona reportedly took the extra step of plainly telling rival clubs in early July — weeks before the trade deadline — that Marte wouldn’t be moved. That probably didn’t stop clubs from trying, and teams will be trying again post-lockout. The Marlins, Yankees, Mariners and quite a few others have at least been speculatively linked to Marte, whose team-friendly deal heightens his appeal. Marte will earn $8MM in 2022, and his contract calls for a $10MM team option in 2023 and a $12MM team option in 2024.

Dating back to 2019, Marte boasts a .318/.374/.543 batting line with 48 dingers, 79 doubles, 11 triples and a lowly 14% strikeout rate (versus a 7.6% walk rate). He’s rated poorly in center field, from a defensive standpoint, but is well-regarded defensively at second base. A 28-year-old switch-hitter with power, some speed, plenty of versatility and a grand total of $30MM owed to him over the next three years ($21MM of which isn’t even guaranteed) is wildly appealing. The D-backs, however, have shown little inclination to move him in the past, and assistant GM Amiel Sawdaye echoed that sentiment in November, calling Marte a “cornerstone” player around whom the D-backs can build.

Zac Gallen / SP / Diamondbacks

Twenty-six years old and controlled another four seasons, Gallen is precisely the type of pitcher that pitching-needy teams like the Rangers, Twins, Nationals and so many others would dream of acquiring. A forearm issue slowed him in 2021 and limited his workload, but Gallen has now made 50 starts in the Majors with a 3.46 ERA, a 27.6% strikeout rate and a 9.6% walk rate to show for it. He’s already been traded twice — going from St. Louis to Miami in the Marcell Ozuna deal before being flipped to Arizona in what amounted to a rare prospect-for-prospect swap sending Jazz Chisholm back to the Fish.

The D-backs didn’t even trade Merrill Kelly at this past summer’s deadline when he was a fourth starter with 1.5 cheap years left on his contract. It’s hard to imagine they’ll be excited about the idea of giving up four seasons of Gallen — particularly when his stock is down a bit, owing to last season’s arm issue. Gallen closed out the 2021 season quite well, with a 3.19 ERA and 52-to-15 K/BB ratio in his final 48 frames (eight starts). Sawdaye listed Gallen as a “cornerstone” player right alongside Marte, adding that the D-backs never plan to fully punt on a given season. Their signing of Mark Melancon for two years and $14MM meshes with the notion that this is not a team on the brink of a full-fledged teardown. Teams can try to nab Gallen, but it’d likely require some young MLB-ready talent going back to Arizona. Overall, the odds are low.

David Bednar / RP / Pirates

One of several pieces acquired in last winter’s Joe Musgrove trade, the 27-year-old Bednar stepped up and solidified himself as the Pirates’ likely closer in 2022. Through 60 2/3 innings, Bednar posted a tiny 2.23 ERA with a 32.5% strikeout rate, an 8.0% walk rate and a 41.4% grounder rate. Bednar yielded only five home runs all season (0.74 HR/9) and averaged 97 mph on his heater. He looks the part of a legitimate high-leverage weapon, and he’s controlled for five more years — all the way through 2026.

With such good results, a pre-arbitration salary and so much team control remaining, Bednar probably isn’t going anywhere. (As a bonus, he’s a Pittsburgh-area native.) The Pirates can’t (or at least won’t) simply trade every player who shows some semblance of value, after all. That said, the last thing most rebuilding clubs need is a high-end closer, and bullpen help is always in demand. Bednar will be 29 or 30 by the time the Pirates are realistically turning a corner, and the attrition rate on relievers is higher than anywhere else on the diamond. The argument for capitalizing on his value right now is pretty clear, but as with the rest of this “long shot” list, it’s hard to see a team meeting what would surely be a pretty substantial asking price.

Should The Reds Trade Any Of Their High-End Starters?

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It wasn’t an encouraging start to the winter for Reds fans. After trading Tucker Barnhart and waiving Wade Miley in moves that amounted to little more than salary dumps, general manager Nick Krall famously spoke of “aligning … payroll to our resources.” That hinted at a lack of forthcoming additions, and indeed, the Reds have yet to sign a free agent to a major league deal this offseason.

That said, the Reds haven’t yet orchestrated a sell-off. Barnhart’s a well-respected veteran backstop, but Tyler Stephenson is ready to assume an everyday role. It’s harder to defend cutting Miley, controllable via $10MM club option and coming off a 163-inning, 3.37 ERA season. Yet the soft-tossing Miley is always walking a fine line relying on weak, ground-ball contact. If his run prevention regresses closer to last season’s 4.52 SIERA, that option price would be more reasonable than an immense bargain.

Krall predictably didn’t offer specifics about the franchise’s payroll target for 2022. Currently, they’re projected for $115MM in player expenditures, including estimated salaries for arbitration-eligible players (via Jason Martinez of Roster Resource). That’s a touch shy of last year’s season-opening $122MM mark (according to Cot’s Baseball Contracts). Perhaps the Reds have already “aligned” their payroll by parting with Barnhart and Miley and letting Nick Castellanos hit free agency.

If the Reds were either looking to cut costs or add some young talent to the organization, the most straightforward way to do so would be by further subtracting from the rotation. Cincinnati’s top three starters — Luis Castillo, Tyler Mahle and Sonny Gray — are all under club control through 2023 (assuming free agency trajectory isn’t affected by the new collective bargaining agreement). And unlike some other Reds with notable salaries (i.e. Mike Moustakas, Eugenio Suárez) whom the Reds might want to trade, the rotation members should be in high demand around the league.

Luis Castillo

Castillo, projected by MLBTR contributor Matt Swartz for a $7.6MM salary in his penultimate arbitration season, tossed 187 2/3 innings with a 3.98 ERA last year. That was his highest mark in three years, but the 29-year-old found his footing after a tough start. He posted a 2.73 ERA from June onwards, with his generally excellent combination of strikeouts (26%) and grounders (59.9%).

Simply ignoring the first two months of the season, when Castillo had an awful 7.22 ERA and subpar 19.3% strikeout percentage, is obviously simplistic. Yet the right-hander’s three-year track record is excellent, and he possesses a fantastic arsenal. Owner of one of baseball’s best changeups and a fastball that averages north of 97 MPH, Castillo seems the most likely of the Reds starters to offer top-of-the-rotation production over the next two years. He’s been the subject of trade rumors in each of the last two offseasons, but reports about the team’s willingness to make him available have varied.

Tyler Mahle

As with Castillo, it’s not clear how willing the Reds seem to be to trade Mahle. He hasn’t been the subject of as many rumors as his top rotation mates this winter. Yet there’d be plenty of appeal if Cincinnati were amenable to moving him. At 27, he’s the youngest of the Reds top trio of starters. Projected for a $5.6MM salary in his second-to-last arbitration year, he’s likely to be the most affordable. And one could make the case he’s coming off the best 2021 campaign of the three.

Mahle’s 3.75 ERA was lower than either of Castillo’s or Gray’s marks. His 27.7% strikeout rate and 8.4% walk percentage bettered the others’ respective figures. He’s not the elite ground-ball guy those others are, but Mahle looks to have made the leap to quality mid-rotation arm over the past two seasons.

Mahle misses bats with both his mid-90s heater and his two secondary pitches — a cutter-slider and a split. The development of the latter offering has proven especially useful in helping the right-hander overcome platoon troubles, as he leans somewhat frequently on the split when facing left-handed batters. After giving up a massive .290/.384/.547 line when at a platoon disadvantage through his first three MLB seasons, he’s held southpaws to a pitiful .194/.280/.306 mark since the start of 2020.

Sonny Gray

Gray is playing out the 2022 campaign on a $10.667MM contract, and he’s controllable for 2023 via $12.5MM club option. That makes him the costliest of the Reds starters, yet it’s still an obvious bargain for a pitcher who has been as effective as Gray has since landing in Cincinnati.

The right-hander has posted above-average strikeout and ground-ball marks in all three of his seasons with the Reds. Gray may not have quite as pristine of control as Castillo or Mahle possess, but his walk rates aren’t all that concerning. Last year’s 4.19 ERA is more fine than great, but he posted respective 2.87 and 3.70 marks over the two prior seasons. And the 32-year-old Gray was among the sport’s best pitchers at suppressing hard contact, with the Reds mediocre team defense perhaps explaining a bit of a gap between his actual ERA and estimators like FIP, SIERA and xERA — all of which pegged his performance between 3.25 and 3.99.

On the surface, Gray looks like the pitcher the Reds might be most willing to make available. Trading him would knock more money off the books than would a Castillo or Mahle deal, perhaps freeing some room for the front office to address needs in the outfield and/or bullpen. Yet Castillo or Mahle would probably pull stronger returns if they were moved. Trading Gray alone be something of a half-measure: not enough to bring in an influx of impact young talent, while further weakening a roster that finished marginally above .500 last season and has lost or is likely to lose both Miley and Castellanos.

Krall and his staff seem to be in a difficult spot, overseeing a roster that looks a bit shy of contention but without the financial backing to fix its most glaring deficiencies. How they choose to proceed with their trio of high-end starters is yet to be determined, but there’s a compelling argument to move any of the group, as well as a sound case for keeping the entire rotation intact. After all, with two years of control apiece, they should each still be in demand (barring injury) if the team is sputtering by next summer’s trade deadline.

We’ll let MLBTR readers weigh in on the situation. How should the Reds proceed coming out of the lockout?

(poll link for app users)

How Should The Reds Handle Their Rotation?
Keep all three pitchers. 29.76% (1,873 votes)
Only trade Gray; keep Castillo and Mahle. 25.46% (1,602 votes)
Trade all three pitchers. 19.39% (1,220 votes)
Trade Gray and Castillo. 11.14% (701 votes)
Only trade Castillo; keep Gray and Mahle. 6.05% (381 votes)
Trade Gray and Mahle. 4.21% (265 votes)
Only trade Mahle; keep Castillo and Gray. 2.42% (152 votes)
Trade Castillo and Mahle. 1.57% (99 votes)
Total Votes: 6,293

 

Reds Have Had Recent Trade Talks Regarding Castillo, Gray, Mahle

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TODAY: The Rangers are one of the teams who have spoken to the Reds about their starters, according to Jon Morosi (via Twitter).

NOVEMBER 29: The Reds have had talks with multiple teams about starting pitchers Tyler Mahle, Sonny Gray, and Luis Castillo, reports MLB.com’s Jon Morosi (via Twitter). Cincinnati has reportedly been open to dealing starting pitchers for weeks now, but Morosi suggests there have been recent discussions on all three from that trio.

Either Mahle (who has two years of control remaining after a breakout 2021) or Gray (who’s under contract for $10.2MM in 2022, with a $12MM club option for 2023) would figure to cost significantly less in prospect capital than would Castillo, whom Cincinnati is said to be loath to deal. Like Mahle, Castillo has two years of club control remaining. However, he also has a longer track record of consistent high-end production than Mahle, and he’s three years younger and less expensive than Gray, who is playing out the final two years of a contract extennsion.

An earlier report by Morosi had linked the Angels to Castillo, though he described those talks as “preliminary.” MLB Network’s Jon Heyman tweets, however, that the Angels are at the “forefront” of the Castillo push, even as the Reds have told opposing GMs they prefer to hang onto their top starter.

Just how high a price Reds GM Nick Krall is asking for Castillo remains to be seen, but any team that’s come calling will have expected it to be high. In what was actually one of his lesser statistical seasons, Castillo posted a 3.98 ERA (3.75 FIP) across 187 2/3 innings against a career ERA of 3.72 (3.76 FIP) in parts of five major league seasons — all of which were spent playing his home games in the hitter-friendly confines of Cincinnati’s Great American Ball Park. He’s also been remarkably durable, taking the ball at least 31 times in each of his full seasons (and 12 times in the pandemic-shortened 2020 season).

Castillo also closed out the year in particularly impressive fashion, recovering from an ugly April/May showing to post a 2.73 ERA and 3.34 FIP over his final 135 1/3 frames. Combine that with an eminently reasonable $7.6MM projected salary in arbitration (via MLBTR contributor Matt Swartz) and an additional year of club control, through the 2023 season, and it’s easy to see why the ask on Castillo would be sky-high.

The 32-year-old Gray, meanwhile, is plenty affordable in his own right. He hasn’t replicated the 2015 form that saw him finish third in AL Cy Young voting and may never reach that level again, but the right-hander has strongly bounced back from a poor showing with the Yankees that prompted his trade to Cincinnati.

In three years with the Reds, Gray carries a 3.49 ERA with a 28.5% strikeout rate that trounces the 20.9% mark he posted in his pre-Reds career. Last season’s 4.19 ERA was more solid than stellar, clearly, but Gray was also among the best in the game in terms of limiting hard contact. Most fielding-independent metrics feel he was quite a bit better than that baseline ERA indicates.

Mahle doesn’t carry the name value that his teammates do — but he’s developed into a quality mid-rotation arm over the past two seasons. Through his past 227 2/3 frames at the MLB level, Mahle owns a 3.72 ERA with an impressive 28.1% strikeout rate against a respectable 8.9% walk rate. Walks and home runs have both been issues at times in his career, but he posted solid marks in both categories over the past two seasons — and one would imagine that a move away from Cincinnati’s Great American Ball Park could also have a beneficial impact on his home-run rate.

Swartz projects a $5.6MM salary for Mahle, so any team acquiring him would have to figure it’s picking up two years of Mahle for under a total of $15MM in salary. There’s quite a bit of surplus value there, making Mahle a more enticing trade option than most would expect. Mahle turned 27 at the end of September, so he’ll pitch nearly all of the 2022 season at that age. Teams will likely view him as a pitcher whose stock is on the rise, and some may even have designs on extending him after a trade, given his age and recent strides.

Reds Reportedly Open To Trading Sonny Gray

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The Reds are open to trading right-handed starter Sonny Gray this offseason, reports Buster Olney of ESPN (Twitter link). However, Olney hears that Cincinnati isn’t amenable to moving either of Luis Castillo or Tyler Mahle.

No deal involving Gray appears to be close, but he’s seemingly the most likely Reds starter to wind up on the move at some point. That’s not especially surprising, since Gray’s also the most expensive of their top trio. Cincinnati has opened the offseason scaling back expenditures, and general manager Nick Krall has spoken about “aligning (the team’s) payroll to its resources.” Early reports suggested a Castillo deal could be part of those efforts, but Ken Rosenthal of the Athletic reported last week that it was doubtful any deal involving the 28-year-old would come to fruition.

Gray looks like a fairly straightforward trade candidate as he enters the final guaranteed year of his contract. He’s slated to earn around $10.67MM in 2022 and remains under club control for 2023 via $12.5MM club option. (Gray would also receive a $1MM assignment bonus in the event of a trade). That’s a reasonable sum for a pitcher of Gray’s caliber, but it also makes him Cincinnati’s fourth-highest paid player. And the three players set to earn loftier sums (Joey Votto, Mike Moustakas and Eugenio Suárez) wouldn’t be easy to move. Votto’s a franchise icon who has full no-trade protection; Moustakas and Suárez are coming off bad 2021 seasons and wouldn’t figure to hold much appeal to other clubs.

On the other hand, Gray offers a blend of fairly substantial but still team-friendly salary that could make a trade realistic. He’s coming off a season in which he posted a 4.19 ERA/3.85 SIERA across 135 1/3 innings. That’s decent mid-rotation production, and Gray was even better over his first couple seasons in Cincinnati. Despite pitching in one of the league’s more hitter-friendly home environments, the right-hander reeled off 231 1/3 innings of 3.07 ERA ball from 2019-20.

Gray has backed up those solid results with strong underlying numbers. While he typically runs walk rates a bit higher than the league average, he also generates an enviable combination of punchouts and grounders. Gray has posted above-average strikeout and ground-ball percentages in each of the past three seasons. His 27% and 47.2% marks in those categories in 2021 were his lowest since 2018, but even those were both markedly above the respective league averages (22.6% and 42.7%) for starting pitchers.

Installing Gray into the middle of a rotation should have plenty of appeal around the league. The Dodgers were already rumored to have interest in that possibility this offseason, and others would join them if the Reds’ front office began to discuss trade frameworks in earnest.

Both Castillo and Mahle could bring even greater returns, as they’re arguably superior pitchers who are more affordable. Like Gray, both righties are controllable for two more seasons, but they’re proceeding through arbitration. MLBTR contributor Matt Swartz projects Castillo for a $7.6MM salary in 2022; Mahle is projected to bring in around $5.6MM. Both pitchers would stand to earn a final raise in 2023, although it’s unlikely either would match or top the value of Gray’s $12.5MM option that year.

Nevertheless, it doesn’t seem the Reds are preparing to tear the roster down completely. Coming off an 83-win season with a strong core led by their talented rotation, it’s not implausible that Cincinnati could compete next season. A frugal offseason would certainly make building a strong roster more difficult for Krall and his front office, particularly with middle-of-the-order presence Nick Castellanos likely to sign elsewhere as a free agent. A returning group including Castillo, Mahle, Votto, Jesse Winker, Jonathan India and Tyler Stephenson certainly has promise, though. Speculatively speaking, it wouldn’t be a surprise to see them target near-MLB players in potential discussions involving Gray to help thread that needle of remaining competitive while cutting costs.

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