Wandy Peralta

Player Option/Opt-Out Update: April Edition

By Steve Adams | April 18, 2025 at 11:58pm CDT

The increasing popularity of opt-outs/player options as a means to close the gap in free agent signings and extensions has changed the face of free agency entirely. Not long ago, opt-outs were perks reserved for the game’s truly elite stars — a benefit to help differentiate nine-figure offers and secure the game’s top stars.

In 2025, they’re downright commonplace. Opt-out laden short-term deals have become a common alternative to the more conventional one-year pillow contract that a player in search of a rebound campaign might pursue. They’ll also provide a soft landing for a veteran whose market didn’t materialize as expected, even coming off a productive season. Some teams simply use them as a means of sweetening the pot even when negotiating with mid- and lower-tier free agents. The Royals gave opt-outs/player options to both Chris Stratton and Hunter Renfroe two offseasons ago. The Reds did the same with Emilio Pagan and Nick Martinez. Tucker Barnhart, Trey Mancini and Ross Stripling are just a few of the other recent examples of solid but non-star veterans to land such clauses in their free agent contracts.

At their core, opt-out provisions aren’t particularly different from club options that have been widely accepted as commonplace for decades. Teams guarantee a certain number of dollars over a certain number of years, and if the player continues performing at a high enough level, they’ll exercise a club option that’s typically locked in at a below-market price. If not, the player will be bought out and sent back to free agency. Player options and opt-outs are merely the inverse; the player/agent negotiate a certain length and annual value but reserve the right to opt back into the market if the player continues to perform at a high level. It’s two sides of the same coin, one favoring the team and the other favoring the player.

There are 16 players around the league this year who’ll have the right to opt into free agency at season’s end, depending on their performance. (Conversely, there are 27 players with club options.) We’ll periodically take a look at this group over the course of the season, as their performances will have a major impact on the 2025-26 market. For more context, you can check out our full list of 2025-26 MLB free agents as well as the first installment of our recent 2025-26 MLB Free Agent Power Rankings, wherein we rank the top 10 free agents in terms of earning power. Darragh McDonald, Anthony Franco and I recently discussed the decision process behind those rankings in the latest episode of the MLB Trade Rumors Podcast.

Onto this year’s group!

Pete Alonso, 1B, Mets | One year, $24MM remaining

Alonso looked like a good bet to opt out from the moment he agreed to terms on his front-loaded two-year, $54MM contract. That he’s been one of the best hitters on the planet in the season’s first three weeks only improves that likelihood. The 30-year-old slugger is slashing a comical .365/.474/.730 with five homers, eight doubles and more walks (12) than strikeouts (10) through his first 78 turns at the plate. Alonso is chasing pitches off the plate at a career-low 19.1% rate and is sporting the best contact rate of his career at 82.8%. He’s doing all of that with career-best marks in average exit velocity (96.3 mph), barrel rate (24.1%) and hard-hit rate (61.1%). Alonso has been an absolute monster, and the fact that he can’t receive a qualifying offer — players can only receive one in their career, and he rejected one last November — is a cherry on top of his dominant output.

Cody Bellinger, OF/1B, Yankees | One year, $25MM remaining (Bellinger receives $5MM buyout if he opts out)

Bellinger posted All-Star numbers with the 2023 Cubs, signed back for three years with a pair of opt-outs and hit well in 2024 — just not to his 2023 standard. Traded to the Yankees this past offseason, many thought he was primed for a rebound because of the favorable dimensions at Yankee Stadium. It hasn’t played out that way. Through his first 62 plate appearances, Bellinger looks more like the lost version of himself from 2021-22 than the strong performer we saw in ’23-’24. He’s hitting .185/.242/.296 with what would be career-worst strikeout and swinging-strike rates of 29% and 15.2%, respectively. When he’s made contact, it’s been loud (90.8 mph average exit velocity, 53.5% hard-hit rate) — and there’s still plenty of time to turn things around. It’s not the start he or the Yankees hoped for, however.

Shane Bieber, RHP, Guardians | One year, $16MM remaining (Bieber receives $4MM buyout if he opts out)

Bieber has yet to pitch this season as he rehabs from last year’s Tommy John surgery. Cleveland has yet to place him on the 60-day injured list, which could offer some optimism regarding his timetable for a return, but he’s not on a minor league rehab assignment yet. At last check, he was targeting a return around the All-Star break.

Alex Bregman, 3B, Red Sox | Two years, $80MM remaining (Bregman can opt out again after 2026)

Bregman has started his Boston tenure on a tear, hitting .321/.365/.564 with four big flies in 85 plate appearances. He’s been 62% better than average, by measure of wRC+, but there are still some of the same red flags he displayed early in the 2024 season. During his peak, Bregman was one of the sport’s toughest strikeouts and showed outstanding plate discipline. From 2018-23, he walked in 13.8% of his plate appearances against a puny 12.3% strikeout rate. Bregman’s walk rate fell off a cliff last season, and it hasn’t recovered so far in 2024. He’s drawn only four free passes (4.7%). More concerning, he’s fanned 18 times, leading to what would be a career-worst 21.2% strikeout rate. Bregman’s chase rate is down, and he’s still making elite contact within the strike zone, but he’s making contact on a career-low 56.5% of his swings on balls off the plate. If he keeps hitting like this, it probably won’t matter, but it’s something to watch as the season continues.

Edwin Diaz, RHP, Mets | Two years, $37MM remaining (Diaz can opt out again after 2026)

Diaz had a nice return from a 2023 season lost to a knee injury in 2024, pitching to a 3.52 ERA with a 38.9% strikeout rate against a 9.3% walk rate. It wasn’t quite his usual level of dominance, but most relievers would happily take a 39% punchout rate in a “down” season. Things aren’t going as well in 2025. Diaz’s four-seamer is sitting at a career-low 96.4 mph, per Statcast. That’s down 1.1 mph from last year’s mark and 2.5 mph from his 99.1 mph peak in 2022. If he were still overpowering opponents, it wouldn’t matter much, but Diaz has been tagged for five runs on six hits and five walks in 6 2/3 frames. That’s a 16% walk rate, and he’s already tossed four wild pitches — more than he did in 53 2/3 innings a year ago. The caveat with everyone on this list is that we’re all of 11-12% through the season, but the early trendlines aren’t good for Diaz.

Jack Flaherty, RHP, Tigers | One year, $10MM remaining (increases to $20MM once Flaherty makes 15 starts)

Flaherty’s heater is down nearly a mile per hour, and his walk rate is up from 5.9% to 10.3% … but that’s in a span of 21 1/3 innings. He’s still getting strikeouts at a plus level (28.7%), and the bottom-line results are good: 2.53 ERA. Flaherty seems healthy, which will be a big factor for him — both in terms of boosting his stock ahead of a potential return to free agency and in boosting his 2026 salary if he winds up forgoing the opt-out opportunity. If he can deliver a third straight season of 27-plus starts and a second straight year with a plus strikeout rate and low-3.00s (or even mid-3.00s) ERA, the market will likely reward him with the long-term deal that eluded him this past winter. Flaherty doesn’t turn 30 until October. He’ll have a chance at a deal ranging from four to six years in length if he comes close to replicating his 2024 performance. One potential downside: he was traded last summer and thus ineligible to receive a qualifying offer. If the Tigers contend all season, as expected, they’ll be able to make Flaherty a QO if he opts out.

Lourdes Gurriel Jr., OF, D-backs | One year, $18MM remaining

Though he’s one of the most consistent hitters in the sport, Gurriel is out to a woeful start in 2025. His D-backs are red-hot, but their current win streak comes in spite of an anemic .145/.176/.304 start from their everyday left fielder. Gurriel has some of the best contact skills in MLB, fanning in only 17.3% of his plate appearances and making contact on just shy of 90% of his swings in the zone dating back to 2022. He’s punched out in what would be a career-low 13.5% of his plate appearances this year, but he’s staring down a .121 average on balls in play. He should be due for a course correction, but it’s worth noting that he’s hitting more fly-balls and fewer line-drives than ever, which is going to naturally suppress his BABIP a bit (although certainly not to this extent). Gurriel is owed $13MM in 2026 and has a $5MM buyout on a $14MM club option for 2027. He’d need to be confident he could top not just $18MM but probably that he’d top two years and $27MM; the hefty nature of that buyout makes him a net $9MM decision for the D-backs in 2027, which seems like a price they’ll be willing to pay.

Ha-Seong Kim, SS, Rays | One year, $16MM remaining

Kim is still finishing up the rehab from last October’s shoulder surgery. He’s expected back mid-to-late May, which would give him about four months to prove he’s back to form. A healthy Kim would’ve been a coveted free agent who could’ve commanded four or more years in free agency. A plus defender at three positions and a plus runner with enough power to pop 10 to 20 homers annually, Kim will be in high demand next offseason if the shoulder injury doesn’t prove a major drain on his offensive capabilities.

Seth Lugo, RHP, Royals | One year, $15MM remaining

Lugo’s rise from reliever to starter to Cy Young finalist has been remarkable. He’s gotten decent results in 2025, with a 3.86 ERA in his first 23 1/3 innings, but his strikeout and walk rates are nowhere near last year’s marks. After fanning 21.7% of his opponents against a pristine 5.7% mark last year, the 35-year-old Lugo currently sports respective rates of 17% and 9.6%. His velocity is below par (92.2 mph average fastball) but right in line with last year’s levels. A year and $15MM should be the floor for a healthy Lugo, even if he doesn’t repeat his brilliant 2024 season. That’s the same mark that older starters like Charlie Morton, Justin Verlander, Alex Cobb and Max Scherzer (well, $15.5MM) received this past offseason. The Royals could tag him with a qualifying offer if he opts out, which would give him a tougher call on a one-year deal that should be worth more than $21MM. That said, if Lugo comes anywhere close to last year’s results, he’d turn that down in pursuit of a multi-year deal.

A.J. Minter, LHP, Mets | One year, $11MM remaining

Minter’s 94.3 mph average fastball is a career-low, but it’s only narrowly shy of his 2024 mark (94.5 mph). It’s feasible that as he further distances himself from last year’s hip surgery, that number could tick up, too. He’s pitched 8 1/3 innings, allowed a pair of runs on five hits and a walk, and punched out a dozen hitters. That’s a whopping 38.7% strikeout rate. So far, Minter is missing more bats within the strike zone than ever before; opponents have an awful 73% contact rate on his pitches in the zone (compared to the 85% league average). Minter landed two years and $22MM with an opt-out when he was coming off hip surgery. He should be able to top a year and $11MM so long as he’s healthy and pitches to his typical levels. So far, so good.

Frankie Montas, RHP, Mets | One year, $17MM remaining

Montas has yet to pitch in 2025 after suffering a lat strain during spring training. He’s yet to begin a minor league rehab stint but, like Bieber, also has not been placed on the 60-day injured list yet. The size of the Mets’ commitment to Montas this winter registered as a bit of a surprise even when he was thought to be healthy. He’ll need a strong few months to walk away from $17MM guaranteed.

Tyler O’Neill, OF, Orioles | Two years, $33MM remaining

The biggest question with O’Neill is whether he can stay healthy enough to position himself for an opt-out. He’s mashing with a .265/.339/.490 slash and two homers through 56 plate appearances. (One of those big flies extended his ludicrous MLB record of six straight Opening Days with a long ball.) He’s also missed the past couple games due to neck discomfort. O’Neill has never played in more than 138 games in a season, and he’s only twice reached 100 games in a year. (He did play 50 of 60 games in the shortened 2020 season.) O’Neill’s 21.4% strikeout rate would be a career-low, but his actual contact rate and swinging-strike rate aren’t career-best marks. It’s hard to see him sustaining that career-low strikeout rate as a result, but O’Neill’s power is substantial enough that he can be a productive hitter even running strikeout rates approaching/exceeding 30%.

Joc Pederson, DH/OF, Rangers | One year, $18.5MM remaining (Rangers can counter opt-out by exercising 2027 club option for $18.5MM)

Signed to help the Rangers remedy their 2024 ineptitude against fastballs, Pederson has instead turned in a career-worst performance against heaters (and every other offering). It’s only 16 games, but Pederson has collected just one hit against fastballs in 2025 — a single. It’s an alarming development for a hitter who carries a lifetime .244 average and .521 slugging percentage against four-seamers. Pederson has compiled an unfathomable .060/.161/.080 slash in 57 plate appearances. He’s still making a fair bit of hard contact, but most of it is resulting in grounders. His 55.6% ground-ball rate and 2.8% (!) line-drive rates are career-worst marks. There’s no earthly way he can continue to struggle this much, but he’ll need quite the turnaround for that opt-out provision to come into play.

Wandy Peralta, LHP, Padres | Two years, $8.9MM remaining (Peralta can opt out again after 2026)

Peralta posted a career-worst 13.6% strikeout rate in year one of his four-year pact with San Diego in 2024. He passed on his first opt-out opportunity, and understandably so. It’s early, but the veteran lefty has more than doubled last year’s awful 8.3% swinging-strike rate, which now sits at 16.8% through 8 1/3 innings. Peralta is generating chases on an eye-popping 40% of his pitches off the plate, and his opponents’ 44.4% contact rate on those swings is the second-best mark of his career. He’s all but shelved his four-seamer, is barely using his slider, and is leaning hard into a sinker/changeup combo. He won’t sustain a 1.08 ERA, of course, but if he keeps piling up grounders and whiffs, he’ll have a good case to opt out, even at age 34.

Trevor Story, SS, Red Sox | Two years, $55MM remaining

It’s hard to believe we’re already in year four of Story’s six-year deal with Boston — in part because we simply haven’t seen him in a Red Sox uniform all that often. The former Rockies All-Star played in only one-third of the team’s games through the first three years of the contract. Injuries have decimated Story in recent years, and he produced a middling .232/.296/.397 line when healthy enough to play from 2022-24. He’s out to a much better start in 2025, playing in 20 games (already just six shy of last year’s total) and recording a .299/.325/.442 line with three homers. A 3.8% walk rate, 30% strikeout rate and .400 BABIP through 80 plate appearances don’t bode especially well, but to his credit, Story is torching the ball; he’s averaging 90.3 mph off the bat and has even better marks in barrel rate (11.3%) and hard-hit rate (54.7%). It’s hard to see him turning down the two years and $55MM after he’s been injured so much in Boston, but he’s enjoying a fine start to the year.

Robert Suarez, RHP, Padres | Two years, $16MM remaining

Suarez’s name popped up late in the offseason rumor mill, but he was always going to be a tough trade candidate because of this two-year player option. If he performed well, he’d opt out, and if he struggled and/or got hurt, the acquiring team would be saddled with two unwanted years. Such is the nature of trading anyone with a player option/opt-out. Suarez stayed put, and the Padres have to be thrilled. He’s 8-for-8 in save opportunities, hasn’t allowed a run in nine innings, and is boasting a 31.3% strikeout rate against a 6.3% walk rate. That strikeout rate is supported by a huge 16% swinging-strike rate. Suarez looks unhittable right now, just as he has in the past when at his best. There’s a lot of season left, and things can go south in a hurry for relievers in particular, but a player couldn’t ask for a better start to a platform season.

Ha-Seong Kim Declines Mutual Option With Padres; Wandy Peralta Declines Opt-Out

By Darragh McDonald | November 2, 2024 at 12:40pm CDT

Padres shortstop Ha-Seong Kim declined his end of an $8MM mutual option for the 2025 season, and he’ll now take a $2MM buyout and enter free agency, The Athletic’s Dennis Lin reports (X link). Left-hander Wandy Peralta will be staying in San Diego for at least one more season, as Peralta will pass on his opt-out clause and remain in the four-year, $16.5MM deal he signed with the Padres last winter.

Neither decision registers as a surprise. Kim has hit .250/.336/.385 over the past three years for a wRC+ of 106, indicating he has been 6% above league average at the plate in that time. He also stole 72 bases in that stretch and provided above-average defense at shortstop, second base and third base.

His situation is a bit complicated by the fact that he underwent right labrum surgery not too long ago. His return timetable is a bit unclear but it has been suggested he is likely to miss at least part of the start of the 2025 season.

Even with that injury situation, it’s understandable that he would walk away from his mutual option at a net $6MM price point. Players coming back from injury can often still have notable earning power. Michael Conforto secured a two-year, $36MM deal from the Giants after missing an entire season. Rhys Hoskins got two years and $34MM from the Brewers after his own missed campaign. Both players had the ability to opt out after one season, though neither eventually did so.

The situations aren’t entirely analogous. Both Conforto and Hoskins were expected to be healthy in the first seasons of their deals, which won’t be the case with Kim. Perhaps that puts his earning power a bit below those two, but it still makes it sensible for him to turn down his option today. Whether he can get a two-year deal with an opt-out or a more straightforward one-year pillow deal, he should be able to get past the $6MM he’s leaving on the table today.

For the Padres, they will now have to figure out what to do at shortstop. When Kim was hurt late in the year, they moved Xander Bogaerts from second to short. It’s unclear whether they would want to do that for the long term as they just decided a year ago to have Bogaerts take on the less-demanding second base spot. Jackson Merrill came up as a shortstop before getting moved to center field for 2024. He could switch back but performed so well in center that the club might decide to keep him there.

The free agent market is headlined by Willy Adames but the Padres have some payroll limitations and probably aren’t the most logical landing spot for him. The trade market could feature Bo Bichette but it’s unclear if the Blue Jays will make him available.

As for Peralta, he signed with the Padres last winter on a four-year deal with a $16.5MM guarantee and opt-outs after each season. He went on to have a pretty mediocre season, despite a respectable 3.99 earned run average. His 52.9% ground ball rate was still above league average but his worst in a full season since 2019. His strikeout rate fell to 13.6% this year after being in the 18-23% range in the previous five years.

It it weren’t for a fairly low .233 batting average on balls in play, he would have allowed more runs to score. His 5.46 FIP and 4.57 SIERA disagree on how bad things were under the hood but both suggest the ERA is misleading. After that performance, he’ll stick with the Padres and hope for a better season, with the chance of returning to free agency again a year from now.

Padres To Select Elias Diaz

By Nick Deeds | August 31, 2024 at 9:59pm CDT

The Padres are set to select the contract of catcher Elias Diaz tomorrow, according to a report from Kevin Acee of the San Diego Union-Tribune. Acee writes that Diaz will take the active roster spot created for a position player by tomorrow’s roster expansion, while left-hander Wandy Peralta will be activated from the 15-day Injured List to take the spot created for a pitcher. Lefty Tom Cosgrove will also be recalled from the minor leagues, though a corresponding move will be necessary to add him to the active roster. A corresponding move to make room on the 40-man roster will be necessary to accommodate Diaz.

Diaz, 33, joined the Padres on a minor league deal earlier this week after being released by the Rockies earlier this month. That release brought to an end a five-season stretch in Colorado that saw Diaz slash a solid .253/.305/.403 in 462 games with the club. That slash line was good for a wRC+ of just 80 due to the inflated offensive environment at Coors Field, but even that diminished figure is still well within the acceptable range for a glove-first catcher. Diaz proved to be a solid if unspectacular regular for the club behind the plate, even earning an All-Star appearance last year.

After a solid start to the 2024 campaign, the Rockies reportedly entertained trade offers for Diaz’s services, but the club’s plans to deal the veteran in his final year before free agency were thrown off course when he suffered a calf strain that caused him to miss three weeks in June. After returning, Diaz’s offense took a nosedive with a .194/.239/.239 slash line in 18 games in the run-up to the deadline. That seemingly scared off suitors to the point where the Rockies weren’t able to get a deal done, and it left them to try placing Diaz on waivers in mid-August in an attempt to find a suitor willing to absorb what remained of his salary. His offensive production had only improved marginally when the calendar flipped to August, however, and the club eventually released Diaz to allow him the opportunity to try and catch on with a contender elsewhere.

He’s now done just that with the Padres, and will have the opportunity to share catching duties with the club’s existing tandem of Luis Campusano and Kyle Higashioka down the stretch. Higashioka is in the midst of a career year at the plate with an excellent .230/.276/.520 slash line and 16 homers in just 215 trips to the plate, while Campusano has endured a bit of a down season with a slash line of just .233/.283/.372 in 87 games. Diaz should offer the club a solid defensive option behind the plate who, if he can regain his early season form, could offer an on-base ability that both of their current catchers lack.

As for Peralta, the veteran lefty has pitched to somewhat middling results in the first year of a complex four-year deal he signed with the Padres this winter. In 34 innings, the 32-year-old hurler has posted a 4.50 ERA despite a 5.70 FIP and a strikeout rate of just 13.6%. He’ll join fellow lefties Tanner Scott, Yuki Matsui, and Adrian Morejon in the club’s bullpen down the stretch, where the club will surely hope for Peralta to recapture the form that allowed him to post a 3.01 ERA in 200 appearances with the Giants and Yankees over the past four seasons.

Padres Activate Xander Bogaerts

By Anthony Franco | July 12, 2024 at 8:02pm CDT

The Padres reinstated Xander Bogaerts from the 10-day injured list for tonight’s series opener against the Braves. San Diego also recalled Sean Reynolds for his MLB debut, a move that was first reported this afternoon. In corresponding moves, the Padres placed reliever Wandy Peralta on the 15-day IL (retroactive to July 10) with an adductor strain and optioned catcher Brett Sullivan.

Getting Bogaerts back is the most notable of tonight’s slate of moves. He has been out since late May after breaking his left shoulder. There was initially some thought that the four-time All-Star could be out of action into August. He made a fairly quick recovery, getting back to the big leagues in around seven weeks. Bogaerts made two rehab appearances in Low-A and appeared in four contests with Triple-A El Paso.

Skipper Mike Shildt penciled Bogaerts back in at second base and in the fifth spot in the batting order. The Padres will hope for much better production than he managed over the first six weeks of the season. Bogaerts was out to a .219/.265/.316 start in an even 200 plate appearances. That’d easily be the worst year of his career if he kept on that pace, but he’s only a year removed from a robust .285/.350/.440 showing.

After the Bogaerts injury, Jake Cronenworth slid over to second base. He’s back at first base tonight and figures to spend most of his time there moving forward. That’ll bump Luis Arraez back to designated hitter on most nights and chip into the playing time available to Donovan Solano. That’s not any reflection on his performance. Since the Friars selected Solano’s minor league deal on May 5, he’s hitting .286/.345/.398 through 177 plate appearances. The Colombia native has been an average or better hitter on a rate basis over the past six seasons with the Giants, Reds, Twins and Padres.

As for Peralta, he’ll miss at least the next couple weeks. The recipient of a surprising four-year guarantee last offseason, he owns a 4.50 ERA over 41 appearances. Peralta has a customarily strong 53.2% grounder percentage but has run into trouble when opponents managed to elevate the ball. He’s giving up home runs at a lofty 1.59 clip per nine innings.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Lucas Giolito (30): $19MM player option

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

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

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

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

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

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

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

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

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

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

Sean Manaea (33): $13.5MM player option

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

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

Nick Martinez (34): $12MM player option

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Blake Snell (32): $30MM player option

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

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

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

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

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

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

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

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

Michael Wacha (33): $16MM player option

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

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

NL West Notes: Kershaw, Peralta, Baker

By Nick Deeds | February 10, 2024 at 6:59pm CDT

Longtime face of the franchise Clayton Kershaw reunited with the Dodgers earlier this week on a two-year deal, ending the uncertainty that lingered surrounding the southpaw’s future throughout the offseason. Kershaw recently spoke to reporters, including Juan Toribio of MLB.com, regarding the difficult decisions he had to make this offseason regarding surgery and his future as a player.

As relayed by Toribio, Kershaw noted that thoughts of retirement weighed heavily on him for the first time in his career, and that he took his time deciding whether or not to undergo shoulder surgery, which he indicated was necessary to continue his career but wouldn’t have been required from him to partake in day-to-day activities such as catch with his children. Toribio added that Kershaw’s difficult start against the Diamondbacks during Game 1 of the NLDS, where he surrendered six runs while recording just one out, played a role in the southpaw’s decision to return to the Dodgers for a 17th season in the majors.

Toribio indicates that potentially parting ways with the only club he’s pitched for as a professional and pitching for his hometown Rangers held some appeal for Kershaw, but that ultimately the Dodgers’ flurry of activity this offseason played a role in convincing the veteran lefty to remain in L.A. for the 2024 campaign.

“This offseason has been pretty amazing to watch, honestly. There’s definitely a part of me that wanted to be a part of that,” Kershaw told reporters, as relayed by Toribio.

Kershaw isn’t expected to return to a big league mound until the late summer, with Toribio noting that “sometime in July” is the earliest he could pitch for L.A. in 2024. The left-hander is currently slated to ramp his throwing progression up sometime next month and will join the team on homestands during his rehab. The club’s offseason overhaul of their pitching staff leaves them with plenty of options to hold down the fort in the starting rotation during Kershaw’s absence. Though right-hander Walker Buehler is expected to start the season on the injured list, offseason additions Yoshinobu Yamamoto, Tyler Glasnow, and James Paxton are currently slated to pitch in the rotation alongside sophomore righty Bobby Miller and an addition young arm such as Emmet Sheehan or Gavin Stone come the start of the regular season.

More from around the NL West…

The Padres brought in left-hander Wandy Peralta on a four-year deal earlier this week, but The Athletic’s Dennis Lin reports that this is hardly the first time the club has pursued the veteran southpaw. According to Lin, San Diego’s interest in Peralta dates back to the 2023 trade deadline. At the time, the lefty was subject to some trade speculation as the Yankees toyed with dealing pending free agents due to them sitting at fifth place in the AL East at the time of the trade deadline despite a decent 55-51 record. Ultimately, of course, no deal came together for the lefty, who went on to struggle to a 4.30 ERA and 6.46 FIP down the stretch last year. Looking ahead to 2024, Peralta figures to be part of San Diego’s late inning mix alongside the likes of Yuki Matsui and Robert Suarez as the bullpen looks to bounce back from the loss of Josh Hader earlier this winter.
The Giants hired recently-retired Astros manager Dusty Baker in a special assistant role last month, and the longtime skipper spoke to reporters (including MLB.com’s Brian McTaggart) in Houston recently about his move to San Francisco. Baker indicated that while Houston remains a “second home” to him, a key factor in his decision to join the Giants is the club’s proximity to Sacramento, his hometown. “Getting older, you start thinking about enjoying your life, enjoying your grandchildren,” Baker said, as relayed by McTaggart. “But I still have something, you know, to give to the game and make a living in a part-time capacity.” Baker’s hiring in San Francisco is a homecoming in more ways than one, as he served as manager of the Giants for ten seasons, from 1993 to 2002. He won three NL Manager of the Year awards throughout his tenure with the Giants and led the team to a World Series appearance in his final year with the club.

Padres Sign Wandy Peralta

By Steve Adams | February 8, 2024 at 1:55pm CDT

The Padres finalized the signing of reliever Wandy Peralta on a four-year free agent contract. The MAS+ Agency client has the right to opt out after each of the first three seasons. He is reportedly guaranteed $16.5MM. Peralta will make $3.35MM this year, followed by a $4.25MM player option for 2025, and $4.45MM player options for the following two years. San Diego had five open spots on the 40-man roster, so they didn’t make a corresponding transaction.

Peralta, 32, has been one of the steadiest relievers in the Yankees’ bullpen for the past several seasons. From 2021-23, the southpaw logged 153 innings and turned in a 2.82 ERA with a 21% strikeout rate, 10.2% walk rate and excellent 56.5% ground-ball rate. He’s also limited hard contact quite nicely, sitting in the 88th percentile (or better) of MLB pitchers in opponents’ average exit velocity during each of the past four seasons.

In 2023, Peralta had some uncharacteristic command struggles, as his walk rate jumped from 7.6% to 13.6%. He also plunked a career-high six batters — as many as he’d hit over the four previous years combined. Still, the track record is good, he kept his ERA below 3.00 even with the shaky command, and at 32 he’s younger than most of the other southpaws available. The Yankees reportedly had interest in retaining him, and the Mets were known to have some interest as well. Instead, he’ll head clear across the country and join a revamped Padres bullpen that has lost closer Josh Hader to the Astros but has added several interesting arms.

Peralta joins star NPB left-hander Yuki Matsui and star KBO righty Woo Suk Go as free-agent pickups for San Diego president of baseball operations A.J. Preller. The Friars also acquired Enyel De Los Santos in a trade sending Scott Barlow to Cleveland. That quartet will join right-hander Robert Suarez as he seeks a bounceback after a difficult 2023 campaign. Righty Steven Wilson is also locked into a middle relief role.

It’s almost unheard of for a reliever to sign a deal with three opt-out provisions, but Preller has shown a willingness to utilize opt-out clauses more than any executive in the sport as a means of luring free agents to San Diego. Both Matsui and Suarez have opt-outs in their five-year contracts (which is an extremely rare length for relief contracts as well). Recent offseasons have also seen the Friars grant opt-out clauses to Michael Wacha, Nick Martinez, Seth Lugo, Matt Carpenter, Manny Machado and Eric Hosmer (multiple opt-outs, in the case of Wacha and Martinez).

The frequent opt-out provisions are clearly a successful tactic in terms of reeling in free agents, but they’re also one of the main factors behind the Padres’ perennial roster churn. Moreover, the risk is rather clear from the team vantage point; if Peralta pitches well in 2024, he’ll likely opt back into free agency next season and turn the contract into a one-year deal. If he’s injured or performs poorly, the Padres will remain on the hook for what could quickly look like an undesirable contract. And, even if Peralta is pitching well this summer but the Padres fall from contention, the trio of opt-outs will sap much of Peralta’s trade value. Any potential trade partner will be wary of acquiring a player who’ll bolt for free agency at season’s end if things go well but is still guaranteed additional seasons if the trade pans out poorly.

The uncommon structure of the contract also succeeds in lowering the luxury tax hit for the Padres, who’d surely like to dip beneath the $237MM threshold and reset their penalty after soaring past last year’s tax barriers. The Friars have trimmed back much of their actual, bottom-line payroll but are still only about $22MM shy of that first-tier tax level after signing Peralta, per Roster Resource. That’s due largely to backloaded contracts for Machado, Matsui, Fernando Tatis Jr. and Jake Cronenworth.

Peralta’s addition provides a solid veteran arm to what looks like a volatile Padres bullpen. While all of Suarez, Matsui and Go are clearly talented, there’s a broad range of outcomes on each of the three as Suarez looks to put last year’s injuries behind him while Matsui and Go transition to North American ball after starring in their respective leagues across the Pacific. That’s key for the Padres, as is getting Peralta on an affordable yearly rate. While there’s ample downside because of the opt-outs, as previously discussed, the contract also creates the possibility of getting one year of Peralta at a highly affordable rate that wouldn’t have been otherwise feasible.

The lower salaries on the contract also leave Preller & Co. some additional wiggle room as they look to round out a top-heavy roster. The Padres have clear needs in the outfield and rotation, and they could also use another bat to bolster the corner/designated hitter mix. The Padres, though, were also looking to reduce payroll by as much as $50MM from last year’s $255MM mark. They’re currently at a projected $160MM. On the surface, that seems to leave ample room for further additions, but as already noted, the team is only a notable addition or two away from being right back up against the luxury threshold, which could prove instructive in forecasting the remainder of their offseason dealings.

Ken Rosenthal and Dennis Lin of the Athletic first reported the Padres and Peralta were in agreement on a four-year, $16.5MM contract with three opt-out clauses. FanSided’s Robert Murray reported the salary breakdown.

The Top Unsigned Left-Handed Relievers

By Steve Adams | January 30, 2024 at 2:17pm CDT

Pitchers and catchers will be reporting to Spring Training in about two weeks but a slow offseason means there are still plenty of free agents out there. Over the past week, MLBTR has already taken a look at the remaining catchers, first basemen, second basemen, third basemen, shortstops, center fielders, corner outfielders designated hitters and starting pitchers. Next up, we’ll run through some of the top remaining left-handed bullpen options out there.

Wandy Peralta: From 2021-23, Peralta logged 153 innings of 2.82 ERA ball with a 21% strikeout rate, 10.2% walk rate and huge 56.5% ground-ball rate as a member of the Yankees’ bullpen. In addition to keeping the ball on the ground at a strong clip, Peralta manages hard contact quite well. He’s been in the 88th percentile or better in opponents’ average exit velocity in each of the past four seasons, per Statcast. Peralta had some uncharacteristic command struggles in ’23. His walk rate jumped from 7.6% to 13.6%, and he plunked a career-high six batters — as many as he’d hit over the four previous years combined. Still, the track record is good, he kept his ERA below 3.00 even with the shaky command, and at 32 he’s younger than most of the other southpaws available. Both the Yankees and Mets have been reported to have interest, but there are surely quite a few other teams who’d be happy to plug him into the bullpen.
Brad Hand: Hand, 34 in March, posted a 4.54 ERA in 35 2/3 innings with the Rockies before getting rocked for a 7.50 mark in 18 innings following a trade to the Braves. That was due largely to an alarmingly low 49% strand rate — a mark so low that it’s assuredly fluky. (Hand’s career 73% strand rate is right around the league average.) Hand had his best strikeout and walk rates since 2020 last season, whiffing a quarter of opponents against a 9.3% walk rate. He was one of MLB’s premier relievers from 2016-20 (2.70 ERA, 104 saves, 33.3% strikeout rate), and while those days are probably in the past, he posted serviceable or better ERA marks in 2021-22. Hand will probably command another affordable one-year deal.
Jake Diekman: Diekman has never had even close to average command, but despite the fact that he has only once posted a walk rate under 11%, he’s still caved out a nice 12-year MLB career. He’s 37 now, but the southpaw’s 95.6 mph average heater in 2023 was a dead match for his average velocity over the preceding seven seasons. Diekman was rocked in 11 1/3 innings with the White Sox to begin the year but — stop me if you’ve heard this one before — completely turned things around upon being picked up by the Rays. In 45 1/3 frames, Diekman recorded a sparkling 2.18 ERA while striking out 28.6% of his opponents. Diekman throws hard, keeps the ball on the ground and misses plenty of bats, but command will always be an issue for him. A big league deal could still be in the cards for him.
Aaron Loup: There’s no getting around Loup’s ugly year in 2023, when he posted a 6.10 ERA with his lowest strikeout rate since 2014 and highest walk rate since 2017. But Loup has an extensive track record at the big league level, including a terrific run from 2017-22 when he notched a tidy 3.06 ERA in a combined 241 innings across six seasons. Now 36 years old, Loup will look to bounce back to prior form — presumably with a new team. To his credit, Loup kept the ball on the ground at a strong 46.6% clip and still had a nice opponents’ batted-ball profile, per Statcast (87.9 mph average exit velocity, 37.2% hard-hit rate). Last year’s sky-high .373 average on balls in play undoubtedly drove up his ERA. Metrics like FIP (4.36) and SIERA (4.33), while still not painting a great picture, were far kinder to Loup than his more rudimentary ERA.
Jarlin Garcia: Garcia didn’t throw a single pitch in 2023 due to a nerve issue in his biceps. However, he only just turned 31 years old on Jan. 18 and enjoyed very strong results from 2019-22. In that time, the lefty tossed 202 2/3 innings of 2.89 ERA ball between Marlins and Giants. Garcia averages 93.4 mph on his heater, and while his 21.6% strikeout rate from ’19-’22 was a couple percentage points shy of average, his 7.2% walk rate was better than average and he kept the ball on the ground at a solid 42.1% clip. Garcia has benefited from low BABIPs and playing his home games in cavernous settings, but he’s still a capable middle reliever who’d be a lock for a big league deal if not for last year’s injury. He won’t be game-ready for the start of spring training but recently resumed throwing and is expected to be back on a mound around May 1.

Honorable mentions: Joely Rodriguez, Richard Bleier, Amir Garrett, Justin Wilson

NL East Notes: Fried, Garrett, Peralta, Mets

By Mark Polishuk | January 28, 2024 at 9:22pm CDT

Max Fried is feeling healthy after an injury-plagued 2023 season, and the Braves ace is looking to focus just on baseball rather than a possible trip to free agency next winter. “I feel like a lot of that is, I would say it’s out of my control right now,” Fried told the Atlanta Journal-Constitution’s Justin Toscano and other reporters. “But the Braves do things a certain way, and I know that privacy and having that just kind of be more behind closed doors is the way things are done, so I’m gonna respect that. But I know that I love being here, and I’m really excited to get started with this group….We didn’t accomplish what we wanted to last year, but I know that we have a really determined group, and I’m really excited to get started.”

It isn’t known whether or not the Braves and Fried’s reps at CAA have had any more talks since the two sides discussed an extension last spring, since as Fried noted, the Braves tend to avoid leaks when it comes to transactional or contract news. Atlanta is more aggressive than any other club when it comes to extending players, yet the fact that Fried has gotten so close to free agency might hint that either side might ultimately be comfortable in parting ways next winter.

Latest On Yankees’ Bullpen Targets

By Steve Adams | January 24, 2024 at 11:54am CDT

The Yankees are primarily focused on bullpen additions at this stage of the offseason and have been tied to various free agents over the past few weeks. Right-hander Hector Neris has been among the most oft-cited potential targets for the Yanks, and while SNY’s Andy Martino writes that the team has indeed spoken to the 34-year-old Neris, he also has “serious” interest from teams outside New York. The YES Network’s Jack Curry, meanwhile, hears that Neris isn’t likely to land in the Bronx as of this moment (video link). Reunions with southpaw Wandy Peralta and/or righty Keynan Middleton seem likelier than signing Neris, according to Curry.

Neris, 34, has been an eyeing a one- or two-year deal worth $7-11MM annually, per Martino. For a Yankees club that’s well into the final tier of luxury tax penalties and is a third-time CBT offender, that’d mean effectively paying Neris between $14.7MM and $24.2MM in 2024; any additional free-agent spending at this point will come with a 110% luxury hit. As such, it’s not particularly surprising to see the Yankees looking at lower-cost alternatives.

The 32-year-old Peralta has been a fixture in the Yankees’ bullpen for the past three season. From 2021-23, he logged 153 innings of 2.82 ERA ball with a 21% strikeout rate, 10.2% walk rate and huge 56.5% ground-ball rate. In addition to keeping the ball on the ground at a strong clip, Peralta manages hard contact quite well. He’s been in the 88th percentile or better in opponents’ average exit velocity in each of the past four seasons, per Statcast. The Mets have also spoken to Peralta in recent weeks, though they face the same CBT status and probably feel less urgency to get into any sort of bidding war, as they’re in more of a transitional state than the clearly win-now Yankees.

Middleton, 30, was a deadline pickup by the Yankees and pitched to a 1.88 ERA with a 30.4% strikeout rate and 12.5% walk rate in 14 1/3 innings down the stretch. Inflammation in his right shoulder cost him most of September, but he did make it back the mound for one final appearance on Sept. 29.

That nice showing with the Yankees capped a fine rebound season for the former Angels hurler. In 50 2/3 innings between the White Sox and Yankees, Middleton notched a 3.38 ERA, 30.2% strikeout rate, 10.8% walk rate and career-best 56.6% ground-ball rate that was 24 percentage points higher than the career mark he carried into the season. The right-hander threw his four-seamer at a career-low 26.3% clip and tossed his changeup at a 42.9% clip that was far and away the highest of his career, which likely accounts for the stark uptick in grounders. Middleton threw more changeups in 2023 (367) than he had in his entire career combined (237). Opponents beat the offering into the ground at a hefty 64.6% clip and managed only .209 average when putting it in play.

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