Latest On James Shields & The Padres
James Shields‘ four-year, $75MM contract with the Padres became official yesterday, and more details about the signing continue to become public. Here’s the latest…
- Page Odle, Shields’ agent, discussed his client’s free agent experience with FOX Sports’ Ken Rosenthal, saying that Shields’ market only really started to come into focus over the last three weeks. “I don’t know why it took so long for his market to develop. We had some early conversations with teams. We had one offer early. It didn’t come together. That team moved on,” Odle said. “Then there were teams we were talking to that ended up making trades. And I’m sure that probably changed a few of the scenarios. His market really didn’t start to develop again until after the first of the year, where we started getting calls and started having more sincere discussions with teams.”
- As you might expect, Odle disagreed with some executives’ claims that he “overreached” with his demands for Shields. “There was no set dollar amount that James had to have. Do we think he is one of the better pitchers in the game? Absolutely. If statistics and what you do in your career matter, then James has that on his side,” Odle said.
- Shields was rumored to have received a five-year, $110MM offer from a team earlier this winter, yet Odle said those reports were “completely inaccurate and a fabrication.” The right-hander never insisted on a five-year contract, as “we had scenarios talking to teams in the three-year, four-year and five-year range from the start….We were having all kinds of talks, talks with vesting options, talks about club options. This thing settled into a four-year deal with an option. There was never a demand that it had to be five years.“
- Odle never expected to discuss a six-year contract, and no such deal was proposed in any negotiations.
- The Cubs were the other finalists for Shields’ services, the righty confirmed himself in an interview with on 1080AM radio (hat tip to Dennis Lin of the San Diego Union-Tribune). Shields noted his choice came down to “two great managers” — his new skipper Bud Black and Cubs manager Joe Maddon, who Shields enjoyed playing under when the two were in Tampa Bay.
- While living in nearby Rancho Santa Fe played a part in his decision to sign with the Padres, Shields said he was ultimately impressed by the club’s busy offseason and their desire to get back into contention. “They had that win-now mentality. They want not only to win now but win the next four, five years,” Shields said.
Free Agent Notes: Shields, Olivera, Alvarez, K-Rod
James Shields‘s new deal with the Padres is less valuable to him than it might have been had he signed it elsewhere, Ken Rosenthal of FOX Sports writes, citing CPA Robert Raiola. Taxes (and agent fees) would have put the Cubs’ reported three-year, $60MM offer in the ballpark (~$4.5MM shy) of the total guarantee Shields actually received — assuming, at least, that Shields would have resided in the home state of either club. Of course, state taxes impact every deal, though it is only on occasion that we stop to consider it. To take but a few examples, the large Mike Trout, Buster Posey, and Clayton Kershaw extensions were signed with clubs playing in high-tax California, while Giancarlo Stanton is locked up for the foreseeable future in Florida, which does not charge income tax.
We’ll save the rest of that expansive topic for another day. Here are a few more free agent notes:
- As Steve Adams and I discuss on today’s podcast (to be released early this afternoon), Cuban infielder Hector Olivera actually seems a somewhat under-hyped story this spring. Ben Badler of Baseball America writes that Olivera has scouts “excited about [his] potential to make an immediate impact on a major league team in 2015.” While still not technically a free agent, Olivera is expected to be declared one shortly. When he does, his market will get very interesting. Badler writes that teams expect Olivera to seek money in the ballpark of that given by the Red Sox to Rusney Castillo ($12MM annually over six years), in AAV if not also years. That is no guarantee he will be paid that way, of course, and Olivera has some health questions. But if those concerns are resolved, Badler says he prefers the veteran to both Castillo and Yasmany Tomas, noting that some teams view him as an above-average big leaguer from the get-go.
- If you want to have a look at Olivera, check out this video of his work yesterday from Kiley McDaniel of Fangraphs. McDaniel also has motion footage of live-armed 18-year-old righty Yadier Alvarez, who he labels the “hottest name in baseball.” Alvarez is still rather early in the process of seeking free agency, but should be available to sign before too long.
- Free agent righty Francisco Rodriguez is still looking for a two-year deal Ken Rosenthal of FOX Sports reports in a piece full of several interesting bits of information. Rodriguez is the top-ranked free agent left unsigned, slotting in just ahead of fellow late-inning reliever Rafael Soriano. The Brewers remain interested in a reunion with K-Rod, per the report.
Padres Sign James Shields
7:10pm: Corey Brock of MLB.com reports that the $63MM Shields will earn over the final three seasons of the deal will be spread out in equal $21MM increments (Twitter link). That would make the overall structure $10MM in 2015, $21MM each year from 2016-18 and a $2MM buyout on the 2019 option.
3:39pm: The Padres have officially signed free agent starter James Shields to a four-year contract that includes a club option for 2019. Shields, a client of PSI Sports Management, will reportedly receive a $75MM guarantee, with the option valued at $16MM.
Shields will earn just $10MM in 2015 before taking home $63MM over the following three seasons, a front-loaded structure that accounts for the team’s rising payroll this year. The final $2MM guarantee comes in the form of a buyout on the option. The deal does not include a no-trade clause.
This weekend, it emerged that the Padres had offered Shields a deal similar to what he’ll evidently receive, with other reporting indicating that Shields, a California native, was interested in pitching in San Diego. The Cubs, Marlins and Blue Jays had also recently been connected to Shields.
The deal continues an enormous offseason makeover for the Padres, who have added Matt Kemp, Justin Upton, Wil Myers, Derek Norris and Will Middlebrooks to boost their offense. Shields will head a rotation that was already fairly productive in 2014, when the Padres enjoyed good seasons from Andrew Cashner, Tyson Ross, Ian Kennedy and Odrisamer Despaigne. Shields also improves their pitching for the future, as Kennedy will be eligible for free agency following next season and Cashner can become eligible after 2016.
Shields has excelled at or near the top of the rotations of the Royals and Rays for the better part of the past four seasons, working to a 3.17 ERA with 8.0 K/9, 2.3 BB/9 and a 46.3 percent ground-ball rate. Though Shields has seen his K/9 rate dip from 8.8 to 7.1 over the past few seasons, he also showed some of the best control of his career in 2014 (1.7 BB/9) and maintained his fastball velocity (92.4 mph average). Shields has been the epitome of a workhorse in Kansas City and St. Pete, topping 200 innings in eight straight seasons, including a four-year average of 233 frames.
Much has been made of Shields failing to live up the moniker by which he is perhaps better known — “Big Game James” — in the postseason. While Shields does indeed sport an unsightly 5.46 ERA over 59 career playoff innings, a sample of that size would likely be written off in a regular-season setting and isn’t large enough to use as a significant basis for judgment.
Rather, as MLBTR’s Tim Dierkes suggested in his free agent profile of Shields, the better question is likely whether or not Shields is truly deserving of the “ace” label that many have placed upon his shoulders. Earlier in his career, particularly in 2011, Shields looked to be just that, but his recent work — and really, his overall body of work in the Majors — is perhaps more indicative of a durable, but not-quite-elite arm that can be slotted into the “No. 2” or “No. 3” slot in a rotation. Looking at ERA estimators such as FIP, xFIP and SIERA, Shields typically falls into the mid-3.00 range that one would expect of a very quality but not front-line arm.
Of course, because he will be moving to the National League for the first time in his career and benefiting from the spacious Petco Park, it’s certainly possible that Shields will see an uptick in his strikeout rate and again produce the ace-caliber bottom-line results of which he has proven capable in the past. However, he’ll also be losing the aid of arguably baseball’s best defense and shifting to a team that has a deteriorated Kemp and an out-of-position Myers in his outfield, which could be problematic, even if he tends to induce a slightly above-average number of grounders.
Regardless of whether or not one considers Shields an ace or merely an upper-echelon starter, a pitcher of his quality was a lock to receive and reject a qualifying offer, which is precisely what happened. As such, the Padres will pay the steep price of surrendering their first-round pick — the 13th overall selection and one of the best non-protected picks in the draft. Unlike previous iterations of draft-pick compensation, the newest form, established in the 2012 collective bargaining agreement, calls for the Royals to receive a compensation pick at the end of the first round.
In the grand scheme, however, the Padres have added an impact player at a reasonable price. MLBTR ranked Shields the third-best free agent available this offseason, and yet his total price will be a bit more than a third of Max Scherzer‘s and about half of Jon Lester‘s. That’s partly a function of their respective ages and the structures of their contracts, but regardless, the Padres’ financial commitment to Shields should be relatively bearable even if Shields is a disappointment. The addition of a club option with a marginal buyout is also a nice feature for San Diego.
And yet, while Shields’ price tag is reasonable, it’s also a noteworthy accomplishment for agent Page Odle and PSI Sports Management at this stage of the offseason. No free agent has ever signed a deal of this magnitude after Feb. 1. As MLBTR’s Jeff Todd recently noted, J.D. Drew held the previous record for a post-Feb. 1 contract at five years and $70MM, though that contract was reportedly agreed to months prior and slowed by medical concerns. Ubaldo Jimenez inked a four-year $50MM pact around this time last year, but Shields’ overall guarantee trumps that figure by a significant margin.
SB Nation’s Chris Cotillo reported the deal and option value (Twitter links). Jon Heyman of CBSSports.com reported the guaranteed value of the deal on Twitter and lack of a no-trade clause (Twitter link). Ken Rosenthal of FOX Sports reported the annual breakdown on Twitter.
Photo courtesy of USA Today Sports Images.
Padres Designate Aaron Northcraft For Assignment
The Padres have designated righty Aaron Northcraft for assignment, Dennis Lin of the San Diego Union-Tribune reports on Twitter. His 40-man spot was needed with the finalization of the James Shields signing.
Northcraft was acquired by San Diego in the recent deal that also delivered Justin Upton from the Braves. The 24-year-old has yet to see MLB action, and indeed reached the highest level of the minors for the first time last year. He scuffled to a 6.54 ERA in 64 2/3 innings at Triple-A Gwinnett after posting a solid first half of 2014 at Double-A, where he struck out 8.5 and walked 3.3 per nine en route to a 2.88 ERA in 65 2/3 frames.
Yoan Moncada To Field Offers Over Next Two Weeks
TODAY: Hastings divulged some further details of Moncada’s plans to ESPN.com’s Jerry Crasnick. “I don’t have any more plans [for workouts] after next week,” said Hastings. “I’m looking at around the 23rd of this month to have all the input we need to make a decision on where he’ll start — and hopefully end — his professional career.” Moncada is expected to participate in four or five more private workouts before fielding final offers and making his decision.
YESTERDAY: Cuban phenom Yoan Moncada will field offers over the coming two weeks and hopes to make a decision shortly thereafter, agent David Hastings told Dylan Hernandez of the L.A. Times today. “I’m hoping, certainly, that by the end of next week, we’ll have a much clearer picture of where he will sign,” said Hastings.
Hastings said he’d like to get Moncada into a club’s Spring Training camp as soon as possible. Pitchers and catchers are set to begin reporting for clubs over the next week to 10 days, with position players soon to follow. As such, a two week timeline would give Moncada a chance to be with a team if not at the onset of camp, then at least soon after.
The Dodgers, Yankees, Red Sox and possibly the Padres are thought to be the major players for Moncada, who could command a bonus of $30-40MM, which would come with a nearly identical tax penalty, as Moncada’s record-shattering bonus will blow any team’s international bonus pool out of the water. In total, when factoring in the 100 percent tax applied to every dollar spent over the pool, Moncada could cost $70-80MM total (though the tax, of course, goes to the league and not the player).
Hernandez writes that the Dodgers aren’t as concerned with the total cost as they are with the limitations that signing Moncada would place on them in future signing periods. Whichever team signs Moncada will, in addition to the aforementioned overage tax, be restricted from signing an international amateur for more than $300K in each of the following signing periods. As Hernandez notes, the new Dodgers front office is keen on rebuilding a farm system that became depleted under previous ownership.
In other Moncada news — or rather, speculation — Ken Rosenthal of FOX Sports wonders if the Padres can truly be serious players for the 19-year-old infielder (All Twitter links). As Rosenthal points out, the overage tax must be paid to the league in one lump sum, and San Diego ownership may struggle to produce that kind of cash so immediately. (Rosenthal also notes that the league has yet to determine where the tax will be spent, but it could be allocated toward international development.)
For those who haven’t been following the Moncada saga, the switch-hitting infielder was recently declared a free agent and eligible to sign with MLB teams. An elite five-tool prospect, many feel that Moncada would go first overall in the 2015 draft were he eligible. His tools have been likened to those of Robinson Cano and Chase Utley (in his prime), and there are those who feel he will be better than countrymen Yasiel Puig, Jose Abreu, Yoenis Cespedes and Jorge Soler. Baseball America’s Ben Badler recently wrote that he’d rank Moncada in the top 7-12 prospects in all of baseball upon signing, while MLB.com’s Jim Callis said he’d rank “among the top 10 or 15” (Twitter link) and Fangraphs’ Kiley McDaniel estimated he’d rank in the 5-12 range.
International Notes: Balfour, Moncada, Olivera, Alvarez, Kang
Marc Topkin of the Tampa Bay Times tells the emotional story of Rays reliever Grant Balfour and his father David, who is battling pancreatic cancer. Baseball Australia’s Hall of Fame will induct the younger Balfour even before his playing career is over so that his father — a notable figure in the Australian game — can be there to participate. The piece is well worth your time.
Here are the latest reports on the international scene:
- The Diamondbacks are among the teams expected to watch touted young Cuban infielder Yoan Moncada later this week, MLB.com’s Jesse Sanchez reports. Arizona has already gone well over its international bonus pool and has been one of the most active teams on the international market. The Cubs, too, will take a look at him (as have many other, previously-reported teams), though they would be unable to offer him more than a $250K bonus unless he waits until after July 2 to sign.
- Hector Olivera drew hundreds of scouts to his final public showcase, as Ben Badler of Baseball America reports on Twitter, and seemingly did not disappoint. Per Badler, the Dodgers, Giants, Athletics, and Padres were well-represented in attendance. You’ll want to read through Badler’s Twitter feed (some earlier portion of which was compiled here by Baseball America) for more information on Olivera’s impressive display as well as some other notes from the international showcase.
- Right-hander Yadier Alvarez, just 18, is the latest Cuban citizen drawing buzz. Jon Heyman of CBSSports.com tweeted recently that he is pushing a high-90s fastball, and today Kiley McDaniel of Fangraphs reports (Twitter links) that his buzz “checks out.” Not only does the young righty work in the mid-90s and touch even higher, he has a “more than usable” change to go with it. That will likely result in a big payday, per McDaniel, who also notes in a tweet that it may take a month or two for him to be cleared to sign.
- Former KBO superstar and current Pirates infielder Jung-ho Kang might just be capable of putting up huge numbers in the big leagues, according to the analysis of Dan Farnsworth of Fangraphs. Farnsworth breaks down Kang’s “upper-echelon swing” and compares it to some notable MLB power bats, concluding that the Korean ballplayer could break out with a .280+ batting average and 25 or more home runs in his first MLB season.
Padres Made “Aggressive Offer” For Cole Hamels
Before agreeing to terms with James Shields, the Padres made an “aggressive offer” to the Phillies for lefty Cole Hamels, Ken Rosenthal of FOX Sports reports. San Diego had long been said to be pursuing both arms.
Though the precise parameters of the offer are not known, Rosenthal indicates that Philadelphia may not feel that the San Diego system has a sufficiently promising single prospect asset to warrant Hamels. It is not clear whether the Padres have any continued interest in working out a deal, though it seems somewhat unlikely that sufficient payroll flexibility remains.
The Phillies prefer to deal with the Red Sox, per Rosenthal, hoping to land either Mookie Betts or Blake Swihart in return. But Boston has not made such an offer, he adds, making a deal seem unlikely unless the Red Sox “reverse course.”
NL West Notes: Padres, Hill, Morales, Rockies
In an excellent piece for Baseball Prospectus, Jeff Quinton examines how the Padres went from uninteresting to potential contenders without spending too heavily or parting with top prospects Hunter Renfroe, Austin Hedges, Matt Wisler or Rymer Liriano. As Quinton notes, the Padres took an indiscriminate approach to adding players this offseason, focusing on overall value delivered rather than team need. The Padres could have claimed their outfield was full after adding Matt Kemp, for example, but proceeded to add further value by acquiring both Justin Upton and Wil Myers. Similarly, one could have said the team was set at both catcher and starting pitcher and should have focused on the infield, but they added value in areas that weren’t seen as traditional areas of need. By doing so, the Padres didn’t put themselves in situations where they were forced to overpay because the other team knew San Diego desperately needed the player in question. Rather, the team sought general value and therefore found more buyer-friendly markets, Quinton speculates.
Here’s more on the National League West…
- Aaron Hill tells Nick Piecoro of the Arizona Republic that he’s feeling good heading into Spring Training and thinks he has a few good years at second base left in him. Hill wouldn’t blame his 2014 struggles on injuries, even though he dealt with several, instead saying that he began to press after his initial struggles. As Piecoro notes, the D-Backs‘ ideal scenario would have Yasmany Tomas handling third base with Hill playing well at second base. While such an outcome would obviously improve Arizona’s on-field performance, it would perhaps more importantly make Hill, who is owed $12MM in each of the next two seasons, a considerably more tradeable asset.
- The Rockies‘ addition of Kyle Kendrick allows them to work top prospects Jon Gray and Eddie Butler into the rotation more slowly rather than rushing them to the Majors, writes the Denver Post’s Nick Groke. Gray, Butler and trade acquisition David Hale join several in-house candidates to give the Rox better depth than they had in 2014 when they used a club-record 15 pitchers, Groke notes. He points to the fact that Franklin Morales — the team’s “emergency starter” — ranked second on the team in innings as an example of how problematic depth was in 2014. Additionally, Groke notes that Morales, who is still a free agent, probably won’t return to the Rockies.
- In a notebook piece, Groke’s colleague Patrick Saunders touches briefly on a point of frustration for some Rockies fans — the fact that the team did not make a run at James Shields or any other top starters despite a clear rotation need. Saunders notes that the only way the Rockies will ever add a top flight starter under owner Dick Monfort is via trade, as they’d have to grossly overpay a free agent to come to Coors Field, and Monfort “is never going to hand out big money to a free agent pitcher.”
Quick Hits: Angels Payroll, Hamels, Olivera
Let’s round up a few stray notes from the day:
- After avoiding arbitration with Matt Joyce today, the Angels appear set to enter the spring with a MLB payroll of a shade under $145MM, MLB.com’s Alden Gonzalez writes. That is about $10MM shy of last year’s starting point, leaving the team with additional luxury tax space (Gonzalez estimates a $174MM payroll for those purposes) that the club will be willing to put towards any needs that become apparent over the course of the season.
- Potentially joining the Halos with interesting summer plans are the Phillies, who are increasingly likely to hold onto ace Cole Hamels, as Jayson Stark of ESPN.com reports. GM Ruben Amaro Jr. reiterated previous statements that he expects Hamels to enter camp with the team, adding that he “expect[s] him to be our Opening Day starter.” The Padres, Rangers, Dodgers, and Cardinals are all said to have been in touch recently on Hamels, but while all are clear of Hamels’s no-trade protection, they also each have good reasons not to be aggressive.
- Hector Olivera‘s representatives have indicated that he will put on his final open showcase this coming Wednesday, Ben Badler of Baseball America tweets. That obviously could be a prelude to an intensification of his market, particularly with Spring Training fast approach. As Badler notes, Olivera is still not a free agent, but is expected to be so declared in short order.
Reactions To And Fallout From The James Shields Signing
The James Shields saga has finally drawn to a close, with the right-hander agreeing to a four-year deal to pitch near his southern California home as a member of the vastly reshaped Padres. Shields will reportedly take home $75MM, and his contract also contains a club option. Shields rumors have dominated the past week, with multiple teams rumored to be involved. Here are some reactions from around the baseball world as well as some details on other offers that Shields had available…
- Shields did not take the best offer that was presented to him, according to ESPN’s Buster Olney (Twitter link). One team made the right-hander a four-year, $80MM contract offer. Dennis Lin of the San Diego Union-Tribune backs that up (also on Twitter) by noting that the Padres’ offer was “one of the highest,” adding that he had heard Shields was willing to take a small discount to pitch in San Diego.
- That team wasn’t the Cubs, who topped out at three years and a vesting option, according to Jon Heyman of CBS Sports (on Twitter). Chicago wasn’t willing to guarantee Shields a contract in the mid-$70MM range after spending $175MM on Jon Lester and Jason Hammel already this offseason.
- The Marlins also offered Shields a three-year pact and a vesting option, Heyman tweets.
- The Marlins realized they had to bow out on Saturday afternoon once the bidding exceeded $70MM, reports MLB.com’s Joe Frisaro (Twitter links). Miami was concerned not only with blowing up its future payroll but also with forfeiting the No. 12 pick in the draft — the top unprotected pick this year. The Padres, of course surrendered the very next pick in the draft, as they’d been slotted 13th overall. Frisaro adds that Shields monitored the Marlins all winter and was impressed by their direction, but the Padres simply made a stronger offer.
- Olney gets a different sense of the Marlins’ level of involvement, as he tweets that some are of the belief that the Marlins actually made the highest offer to Shields.
- The Cubs‘ guarantee was around $60MM, Joel Sherman of the New York Post reports. Sherman adds that Shields’ camp pursued the Dodgers far more than the team pursued him, and the Blue Jays hadn’t spoken to Shields in about two weeks when he agreed to terms.
- Also from Sherman’s piece, he opines that while Shields is unquestionably a financial risk — the Friars will be paying him and Kemp roughly $36MM per year beginning in 2016 (the $18MM received from the Dodgers offsets much of the 2015 cost) — he was too good of a deal to pass up. Shields was still cheaper, financially speaking, than Cole Hamels, and he also didn’t cost the prospects Hamels would have required. He also provides leadership and protects them somewhat when Ian Kennedy and Andrew Cashner hit the open market. And, with Kennedy, Carlos Quentin, Justin Upton, Will Venable, Joaquin Benoit, Cory Luebke, Shawn Kelley, Brandon Morrow and Josh Johnson all potentially off the books next winter, the team has some financial flexibility.
- Fangraphs’ Mike Petriello writes that while the addition of Shields is an unequivocal boost to the Padres’ postseason hopes, their downfall very well could be a patchwork group of infielders. The Padres’ infield projects at just 5.6 WAR, based on the Steamer projection system, and Petriello looks at the past five seasons’ worth of data to see the correlation between infield WAR and overall wins by a team. Unsurprisingly, the outlook is bleak, with only the 2012 Orioles and A’s receiving a lower WAR contribution and still reaching the playoffs. Of course, as Petriello notes, there’s reason to be optimistic for a rebound from Jedd Gyorko, and there’s still some upside in Yonder Alonso and Will Middlebrooks. The shortstop tandem of Alexi Amarista and Clint Barmes is likely to be a black hole offensively, however.
- Peter Gammons is a bit skeptical of the Padres’ win-now tactics (Twitter links). As Gammons points out, while the team has created some buzz and bolstered its 2015 hopes, by 2017 they’ll have a 32-year-old Matt Kemp and 36-year-old Shields earning significant salaries, and they’ve either traded away their recent first-round picks or watched them flame out. The Padres have just two of their first rounders from 2009-14 still in the system in Hunter Renfroe and Cory Spangenberg, and they now don’t have a first-rounder in 2015. Trea Turner and Joe Ross were in the Wil Myers trade, Max Fried was used in the Justin Upton trade, Karsten Whitson didn’t sign (Spangenberg was selected as compensation the following year) and Donavan Tate was out of baseball last season. The team does still have some supplemental first-rounders in the system, while seventh-rounder Matt Wisler and second-rounder Austin Hedges have become Top 100 prospects.
- Shields provides the Padres with some surprisingly much-needed innings, write Mark Simon and Justin Havens of ESPN. Though the Friars are typically thought of as having a strong pitching staff, their rotation has ranked 22nd or 23rd in innings in each of the past three seasons.