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Minor MLB Transactions: 4/23/23

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A few minor transactions around the baseball world have occurred recently:

  • Per his profile on MLB.com, right-hander Trevor Hildenberger has been released by the Giants. Hildenberger, who signed a minor league deal with the Giants back in December, last appeared in the majors in 2021 with the Mets. In that two appearance stint he allowed four runs on three hits and three walks in 2 1/3 innings while notching four strikeouts. Prior to his stint with the Mets, Hildenberger had been part of the Twins bullpen from 2017-2019 after the club selected him in the 22nd round of the 2014 draft. As a member of the Twins, Hildenberger pitched to a 5.35 ERA with a 4.08 FIP in 131 1/3 innings of work. In the minors, Hildenberger sports a career 4.43 ERA in 85 1/3 innings at the Triple-A level.
  • The Dodgers recently released right-hander Rubby De La Rosa according to Chris Hilburn-Trenkle of Baseball America. De La Rosa, 34, has amassed 421 1/3 innings in the big leagues across seven seasons, but hasn’t pitched in the majors since 2017. With a 4.49 ERA (91 ERA+) and 4.55 FIP in the big leagues, De La Rosa headed to Japan to pitch for the Yoimuri Giants from 2019-2022 before signing a minors deal with the Dodgers back in February. With a 2.53 ERA in 124 1/3 innings of work out of the bullpen in Japan, it’s certainly possible another club could be interested in giving De La Rosa a shot on a minors deal.
  • The Mariners recently signed left-hander Rob Kaminsky and right-hander Braden Shipley to minor league deals, per Hilburn-Trenkle. Kaminsky has five career games in the big leagues under his belt, all of which came during the 2020 season with the Cardinals. The lefty pitched to a solid 1.93 ERA over 4 2/3 innings of work, though he has amassed just 41 2/3 innings of work in the minor leagues since. Shipley, meanwhile, has 100 career innings in the big leagues across the 2016-2018 seasons with the Diamondbacks, though he struggled to a 5.49 ERA over those 26 games (14 starts). A former first-round draft pick, Shipley returns to the Mariners after pitching for their Double-A affiliate last season, with a 3.79 ERA in 54 2/3 innings of work.

Alex Wood To Miss Several Weeks With Hamstring Strain

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Giants starter Alex Wood left his start on Tuesday in the third inning after straining his hamstring while fielding a bunt. San Francisco placed him on the 15-day injured list the next morning, and it seems he’s in for an absence well beyond that minimum.

San Francisco manager Gabe Kapler told reporters this evening Wood will be out “several weeks, at least” (relayed by Alex Pavlovic of NBC Sports Bay Area). There’s still not a ton of specificity in that timeline, but it’s clear he won’t be back in early May.

It’s another unfortunate issue for Wood, a typically effective pitcher who has battled various injury concerns throughout his career. The left-hander only topped 150 innings in four of his first ten MLB seasons. He’s had at least one IL stint in every year since 2015. Back and shoulder issues have typically been his most nagging concerns, but he’s now in for a notable absence due to a lower half injury.

While Wood missed a bit of time in both 2021-22, he managed to make 26 starts in each of those seasons. He posted a 3.83 ERA through 138 2/3 innings during his first year in San Francisco. The Giants re-signed him on a two-year, $25MM contract headed into 2022. Wood surrendered a 5.10 ERA over 130 2/3 frames last year.

That middling run prevention came with far better peripherals. He posted better than average strikeout, walk and ground-ball marks. A .315 batting average on balls in play and very low 63.9% left-on-base rate were the main culprits for Wood allowing more than five earned runs per nine. Estimators like FIP (3.76) and SIERA (3.45) felt he deserved quite a bit better.

Wood had been off to an alright start in 2023. He’d allowed four runs (two earned) through his first 10 innings. The 32-year-old had walked six batters but fanned 11. He’ll have to put things on pause for a while before trying to reestablish himself in advance of next offseason’s free agency. Offseason signee Ross Stripling now looks likely to return to the rotation alongside Logan Webb, Sean Manaea, Alex Cobb and Anthony DeSclafani. Stripling had been set to work primarily as a multi-inning reliever after struggling with home runs through the season’s first couple weeks.

MLB Trade Rumors Podcast: Shohei Ohtani, Julio Urias, Aaron Nola, Ian Happ, Juan Soto, Marcell Ozuna

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Episode 3 of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts and wherever you get your podcasts! Make sure you subscribe as well; use this link to find the show on Spotify and this one for Apple. You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Simon Hampton is joined by MLBTR founder Tim Dierkes to discuss a wide range of topics around the baseball world:

  • We discuss Tim’s 2023-24 Free Agent Power Rankings article, including the contract Shohei Ohtani might command, as well as the markets for Aaron Nola and Julio Urias (3:26)
  • The Cubs and Ian Happ agree to a surprising three-year, $61MM extension. So did the player or the club get better value out of this deal? (18:41)
  • A busy week on the extension front includes the Twins agreeing to a four-year, $73.5MM contract with starter Pablo Lopez. We discuss the improvements Lopez has made this season and give our thoughts on the contract (23:04)

Plus, we answer your questions, including:

  • Why do the Giants only seem willing to spend money on position players, and not starting pitchers?  This question also includes our thoughts on the Logan Webb contract (26:59)
  • As Juan Soto gets off to a slow start in 2023, is there any hope for him to return to his 2021 numbers and what does this mean for extension talks? (31:24)
  • Are the Braves wasting a roster spot on Marcell Ozuna? (36:22)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

2023-24 Player Option/Opt-Out Update: April Edition

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Not long ago, any given year in Major League Baseball might have seen a handful of players have player options to decide upon at the end of a season. Opt-out clauses have slowly worked their way into normalcy among contract negotiations, however, and what was once a perk typically reserved for star players has become more commonly used as a means of either sealing a deal with mid-range free agents or in many instances, gaming the luxury tax. Player options are considered guaranteed money, after all, so it’s become common for clubs on the precipice of luxury penalization to negotiate complex player options that tamp down a contract’s average annual value even though they’re unlikely to ever be exercised.

For the purposes of this look around the league, there’s little sense in separating opt-outs from player options. The two are effectively the same, though “opt-out” typically refers to an out clause where there are multiple years remaining on the contract and “player option” generally refers to an individual decision on the forthcoming season. Both are considered guaranteed money for luxury purposes, and both ultimately come down to the player’s preference, risk tolerance, etc.

At their core, opt-out provisions aren’t particularly different from the much longer-accepted club options that teams have negotiated for years. 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.

There are more players with the opportunity to opt out of their contract this offseason, by way of a one-year player option or a multi-year opt-out, than ever before. As such, we’ll be keeping tabs on these situations throughout the season. Short of a major injury, performance this early in the season isn’t likely to have a major impact on a player’s likelihood of opting out or forgoing that right, but it’s worth listing out which players will have the opportunity, what their contracts look like, and at least taking an early glance at how they’re performing.

Note: All stats through play on Tuesday.

Position Players

  • Tucker Barnhart, C, Cubs ($3.25MM player option): Barnhart’s deal was announced as a two-year, $6.5MM contract, though he also obtained the right to opt out after 2023, effectively rendering 2024 a player option. He’s 5-for-16 with a walk and four strikeouts through just 17 plate appearances as the backup to Yan Gomes. Barnhart got this guarantee on the heels of a dismal .221/.287/.267 showing with the Tigers in 2022, so with even a decent season he’ll have reason to opt out and try his luck again amid a thin group of free-agent catchers.
  • Josh Bell, 1B/DH, Guardians ($16.5MM player option): Bell limped to the finish line with the Padres after being traded over from the Nationals alongside Juan Soto in last summer’s blockbuster, and he hasn’t yet found his footing in 76 plate appearances with the Guardians. It’s a small sample, but Bell’s .203/.316/.344 slash looks quite similar to the .192/.316/.271 he mustered with San Diego in 2022. Bell hit 37 homers in 2019 and 27 in 2021, but he hits the ball on the ground far too often for someone with his power and lack of speed. Only one qualified hitter in MLB (Masataka Yoshida) has a higher ground-ball rate than Bell’s staggering 66.7% mark.
  • Trey Mancini, 1B/OF, Cubs ($7MM player option, if he reaches 350 plate appearances): Like Bell, Mancini saw his offensive production crater following a deadline trade (to the Astros) last summer and has not yet recovered in a new setting. Through 60 plate appearances, he’s hitting just .196/.220/.250. While his contract is a two-year, $14MM deal, Mancini can opt out if he reaches 350 plate appearances (i.e., the second year becomes a player option). He isn’t hitting yet, but Mancini is playing regularly and appears to be trending toward earning that right.
  • Javier Baez, SS, Tigers (can opt out of remaining four years, $98MM): After turning in a tepid .238/.278/.393 batting line in 590 plate appearances during his first season as a Tiger, Baez would need quite the season to walk away from this kind of cash. So far, he’s hitting .193/.254/.246 in 64 trips to the plate, however. When Baez gets hot, he can go on hot streaks for the ages, but he certainly doesn’t look like he’ll be opting out at season’s end.
  • Justin Turner, 3B/DH, Red Sox ($13.4MM player option): Turner hasn’t found his power yet in Boston, but he’s out to a .277/.385/.385 start with nearly as many walks as strikeouts. His $13.4MM player option comes with a hefty $6.7MM buyout. He’ll turn 39 in November, but as long as he hits reasonably well, he should have more earning power than that $6.7MM net decision.
  • Jorge Soler, OF/DH, Marlins ($9MM player option): Soler’s three-year, $36MM deal in Miami pays him $12MM in 2022, $15MM in 2023 and $9MM in 2024, but he had the right to opt out after each season of the deal. He hit just .207/.295/.400 with 13 homers in 306 plate appearances last year, so there was no way he was taking the first opt-out. He’s already clubbed five dingers in 62 plate appearances in 2023. His .263/.323/.649 slash translates to a 155 wRC+, and his exit velocity and hard-hit rate are through the roof, so his .256 average on balls in play should at least hold steady. Soler is an extremely streaky hitter, so time will tell how much of this early heater he can sustain, but there’s plenty to like about his start, including a reduced strikeout rate.
  • Michael Conforto, OF, Giants ($18MM player option, if he reaches 350 plate appearances): As with Mancini, Conforto is on a two-year deal but gains the right to opt out after one year if he reaches 350 plate appearances. You can call it an opt-out or a player option, but it’s the same mechanism; if Conforto is healthy, he’ll likely get the right to opt out. So far, he’s hitting .220/.373/.439 with a trio of homers in 51 trips to the plate. Conforto has walked nine times in those 51 plate appearances (17.6%), and his chase rate is actually down, so he still has good knowledge of the zone. However, a year-long layoff due to shoulder surgery is perhaps making itself known with a 74.5% contact rate on pitches in the strike zone, as that’s nearly 10 percentage points below his career mark of 84%. Unsurprisingly, Conforto’s 31.4% strikeout rate is a career worst. Some rust was inevitable, though, and the plate discipline and hard contact when he has made contact (94.4 mph exit velo, 52.5% hard-hit rate) are encouraging.
  • Matt Carpenter, 1B/DH, Padres ($5.5MM player option): Carpenter’s stunning return with the Yankees last year was one of the best stories of the summer, but he’s out to a sluggish .152/.317/.273 start with the Padres. He’s chasing off the plate at a 30.3% clip after doing so at a 20.7% rate last summer, and his contact rate on swings off the plate has plummeted from 62.5% to 36.4%. It’s a small sample and there’s time to turn things around, of course, but he’s had a tough start.

Pitchers

  • Andrew Heaney, LHP, Dodgers ($13MM player option): Heaney’s first Rangers start was one to forget (seven earned runs), but his second start was dominant, as he tied an AL record by fanning nine consecutive hitters. If Heaney tops 150 innings and doesn’t finish the year with an injury that’d likely keep him out for the first 60-plus innings of the 2024 season, the value of that player option jumps to $20MM. He hasn’t reached 150 innings since 2018.
  • Seth Lugo, RHP, Padres ($7.5MM player option): Lugo’s return to the rotation has been solid. He’s posted a 2.70 ERA through 16 2/3 frames with strikeout and walk ratios that look similar to his numbers out of the bullpen (24.3% strikeout rate, 7.1% walk rate). It’s anyone’s guess how many innings Lugo will tally after throwing just 228 innings combined from 2019-22, when he was primarily a reliever, but a solid run out of the rotation will position him to turn down that player option in search of a multi-year deal in free agency.
  • Sean Manaea, LHP, Giants ($12.5MM player option): The early ERA isn’t much to look at (4.76 in 11 1/3 innings), but the Giants have Manaea averaging 94.7 mph on his four-seamer. That’s a career-high by a wide margin, as he sat 91.7 mph on a now-scrapped sinker in 2021-22 and 91.1 mph on his four-seamer in 2017-20. Any major velocity gain of this nature is worth keeping an eye on.
  • Nick Martinez, RHP, Padres (team has two-year, $32MM club option; if declined, Martinez has two-year, $16MM player option): Martinez’s strikeout rate, walk rate, home-run rate and velocity have all gone the wrong direction through his first three starts. It’s just 17 2/3 innings, so it could be rendered a footnote if he rebounds and the Padres pick up their hefty option on the righty. Still, it’s not the start he or the Padres wanted.
  • Eduardo Rodriguez, LHP, Tigers (can opt out remaining three years, $49MM): E-Rod hasn’t missed bats anywhere near his Boston levels since signing with the Tigers. The lefty still showed good command both in 2022 and so far in 2023, but his 8.7% swinging-strike rate and 20.4% strikeout rate are well shy of the respective 11.6% and 26% marks he posted in his final four years with the Red Sox. Rodriguez’s velocity in 2023 is back up after a slight dip in 2022, but if he can’t get back to missing bats at his prior levels it’ll be an easy call for him to forego that opt-out provision.
  • Max Scherzer, RHP, Mets ($43.333MM player option): Scherzer hasn’t gotten out to his best start, but he posted a 2.29 ERA with gaudy strikeout and walk rates (30.6% and 4.2%) in 145 1/3 frames with the Mets in 2022. He was at the center of controversy after being ejected from today’s start after failing a foreign substance check, though that’s not likely to have any effect on his opt-out decision. Scherzer has already suggested that his opt-out was negotiated in part to ensure that he’d have an opportunity to look elsewhere if the Mets didn’t remain fully committed to winning. That hasn’t been the case under owner Steve Cohen, who’s currently financing the largest payroll and luxury-tax bill in MLB history.
  • Ross Stripling, RHP, Giants ($12.5MM player option): Stripling has been ambushed for 10 runs in his first 12 1/3 innings of work and had been set to operate primarily out of the bullpen before the injury to Alex Wood. It’s not a great start considering the weighty $25MM guarantee on his deal, but he has time to turn things around. A stunning six of the 13 fly-balls Stripling has yielded in 2023 have cleared the fence for a home run, and that rate will surely stabilize over a larger sample. Still, if he’s relegated to long-relief duty for too long, it’ll become difficult for him to even consider his opt-out.
  • Marcus Stroman, RHP, Cubs ($21MM player option): Stroman took a rather atypical contract structure for a 31-year-old free agent, inking a three-year guarantee at a premium annual value with an opt-out after year two. It’s more common to see pitchers that age push for the longest deal possible, but it might work out in Stroman’s favor. He’ll bank $50MM through the contract’s first two seasons, and after a nice 2022 season (3.50 ERA, 3.74 SIERA in 138 2/3 innings), he’s come roaring out of the gates with a 0.75 ERA and vastly improved 26.9% strikeout rate through his first 24 frames. Stroman’s walk rate is also up, and it’s all a small sample for now anyway, but it’s a promising start all the same. He’ll turn 33 in 2024, and if he continues anywhere near the pace he’s set since 2019 (3.15  ERA in 520 innings), he should have no problem topping that $21MM in free agency. He’ll also be ineligible for a qualifying offer, having already received one earlier in his career.
  • Michael Wacha, RHP, Padres (two-year, $32MM club option; if declined, Wacha has $6.5MM player option and $6MM player options in 2025-26): Wacha’s four-year, $26MM deal was effectively just the Padres manipulating the luxury tax by meeting Wacha’s price tag on a multi-year deal but spreading out the term to tamp down the AAV. Wacha’s total guarantee is the type of money one might’ve expected him to land over a two- or perhaps three-year term. By spreading it to four, the Padres could end up avoiding the third luxury-tax bracket. Wacha has a 6.06 ERA through three starts and posted an ERA of 4.76 or worse each season from 2019-21. If he can wind up replicating his strong 2022 results, the Padres might consider picking up their end of the option, but the likelier scenario is that they decline, leaving Wacha with a remaining three years and $19MM, but opt-outs after each season.
  • Chad Green, RHP, Blue Jays (three-year, $27MM club option; if declined, Green has $6.25MM player option; if both decline, team has two-year, $21MM option): Green may have the most convoluted contract of the entire free-agent class. That’s reflective both of his considerable talent and the broad range of outcomes as he works back from last May’s Tommy John surgery. We won’t know have an inkling of how this’ll play out until at least the summer, as Green needs to finish off his rehab. If he can return to peak form (1.83 ERA, 40.7% strikeout rate, 6.7% walk rate) for three or so months down the stretch, perhaps the Jays would actually consider the three-year, $27MM option. But that’s premium setup man money, and Green will be coming back from a year-long absence with a major surgery on his recent resume. He’ll have a $6.25MM player option if that three-year team option is declined, and that seems far more plausible. The two-year, $21MM option if both parties decline their first options feels only slightly more viable than the Jays’ original 3/27 decision.

Giants Acquire Cal Stevenson, Designate Sam Long

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The Athletics traded outfielder Cal Stevenson to the Giants in exchange for cash, per announcements from both teams. Oakland had designated Stevenson for assignment late last week. San Francisco designated lefty Sam Long for assignment to open a spot on the 40-man roster. Stevenson has been optioned to Triple-A Sacramento.

Stevenson, 26, appeared in his first 23 big league games with Oakland last year but managed only a .167/.261/.217 output in 71 plate appearances. Oakland picked him up alongside minor league righty Christian Fernandez in a trade that sent catcher/first baseman Christian Bethancourt back to Tampa Bay. Thus far, that hasn’t panned out in the A’s favor, though Fernandez is out to a nice start in High-A this season.

Stevenson has been an on-base machine in the minors, with more walks (240) than strikeouts (222) through 1471 minor league plate appearances. He’s spent parts of two seasons (2023 included) at the Triple-A level and posted a combined .289/.397/.414 batting line, showing plus plate discipline and bat-to-ball skills but minimal power. He’s never turned in a double-digit home run total in a professional season, though he did pop nine long balls in an injury-shortened 2021 Double-A campaign that saw him tally just 365 plate appearances. He has ample experience in both center field and in left field. Stevenson also has two minor league option years remaining (2023 included).

As for Long, the 27-year-old southpaw has spent parts of the past two seasons in the Giants’ bullpen but opened the 2023 campaign in Sacramento, where he’s gotten out to a rough start. Through 10 Triple-A innings, Long has been tagged for 11 runs on the strength of 14 hits and five walks with just seven punchouts.

Long tallied a career-high 42 1/3 Major League innings last season with San Francisco, pitching to a 3.61 ERA with a sharp 7.7% walk rate but a well below-average 18.2% strikeout rate. He averaged 94.5 mph on his heater but was also exceptionally homer-prone despite a spacious home park, serving up an average of 1.70 big flies per nine innings pitched. Metrics like FIP (5.07) and SIERA (4.31) felt he had some good fortune to keep his ERA so low, which is likely the case to some degree, given a fairly low .248 average on balls in play.

This is Long’s final minor league option year, so he can freely be shuttled between Triple-A and the big leagues for the remainder of the season but not in 2024. The Giants will have a week to trade him or attempt to pass him through outright waivers.

Giants Place Alex Wood On IL, Recall Tristan Beck

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The Giants have placed left-hander Alex Wood on the 15-day injured list due to a left hamstring strain, per Evan Webeck of the San Jose Mercury News. Right-hander Tristan Beck has been recalled to take his place on the roster. Susan Slusser of the San Francisco Chronicle had previously reported that Beck was with the club.

Wood, 32, started last night’s game for the Giants but departed after appearing to injure himself while fielding a bunt. It was later announced as a hamstring strain, per Slusser. It’s an unfortunate development for the Giants, as Wood was out to a nice start here in 2023, currently sporting a 1.80 ERA through three outings. Wood is an obviously talented pitcher, currently owning a 3.67 career ERA in 1,131 innings, but injuries have been a frequent obstacle. Shoulder and back issues have been a frequent culprit, with the southpaw only tossing 48 2/3 total innings over 2019 and 2020. After moving to the Giants for the 2021 season, he’s had some better health but still only got to 26 starts and just over 130 innings in each of the past two campaigns.

With Wood out, it’s possible that Ross Stripling gets another crack at a rotation job. It was reported last week that he would be moved to the bullpen after a rough start to the year, but he pitched well last night, helping the club get through the game after Wood’s departure. He tossed 2 1/3 scoreless innings with three strikeouts, two hits and no walks. He told Slusser this morning that he’s ditching his new changeup for now and focusing on getting his typical repertoire in good shape. Even with last night’s good outing, his ERA is still at 7.30 for the year, but he had a much better 3.01 mark for the Blue Jays last year. That compelled the Giants to give him a two-year, $25MM deal in the winter with an opt-out after 2023. The Giants still have four rotation spots spoken for between Logan Webb, Alex Cobb, Anthony DeSclafani and Sean Manaea, with Stripling perhaps taking over that #5 slot. Manager Gabe Kapler tells Slusser that there’s a good chance Stripling does indeed return to the rotation.

It’s unclear how long Wood will be out of action, but his move to the IL opens a spot for Beck, 27 in June, to join the club and perhaps make his major league debut in the near future. A fourth round selection of Atlanta in 2018, he came to the Giants in the 2019 deadline deal that sent Mark Melancon the other way. Injuries have been a running theme of his career so far, as he dealt with back issues in college and then a herniated disc limited him to just 37 1/3 innings in 2021.

Last year, he made three Double-A starts before getting bumped to Triple-A. He posted a 5.64 ERA in 97 1/3 innings for the River Cats, who play in the notoriously hitter-friendly Pacific Coast League. His peripherals paint a nicer picture, as he had a 22.7% strikeout rate, 6.8% walk rate and 42.4% ground ball rate, leading to a 4.28 FIP. He has a 3.38 ERA through three Triple-A starts here in 2023. Since being acquired, he’s been featured on many lists of the top prospects in the system and was added to the 40-man in November to protect him from being selected in the Rule 5 draft.

Injury Notes: Burnes, Blackburn, Hendricks, Haniger

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Brewers ace Corbin Burnes called for the trainer and exited last night’s game after recording the first out in the sixth inning, with 85 pitches under his belt. After the game, manager Craig Counsell told reporters that Burnes had a minor strain of the left pectoralis in his chest (link via Todd Rosiak of the Milwaukee Journal-Sentinel). Burnes incurred the injury in the fourth inning after picking off Eugenio Suarez at second base, catching him in a rundown, and stretching to make the tag on the play. Burnes explained that the injury cramped up beginning in the sixth inning. “I had zero command and then clearly the velo started to drop,” said Burnes, who began the inning with a four-pitch walk.

It’s a surely a relative sigh of relief for Brewers fans, though the team figures to have more info on Burnes in the next day or so as he progresses. For now, it seems the 2021 NL Cy Young winner has avoided a major injury, which is particularly important with righty Brandon Woodruff facing a lengthy absence due to a shoulder strain.

Some more injury scenarios to monitor around the league…

  • Right-hander Paul Blackburn’s return to the Athletics could be further delayed by a blister issue on his pitching hand, tweets Matt Kawahara of the San Francisco Chronicle. The 29-year-old Blackburn rode a first-half breakout to an All-Star nod last summer, but his season went off the rails in mid-July, when he was torched for 21 runs in a span of 14 1/3 innings. He was diagnosed with a torn tendon sheath in his pitching hand, which ended his season. Blackburn looked to be on track for the 2023 campaign, but a fingernail avulsion shelved him briefly. He’s made a pair of rehab starts but will see his third rehab outing delayed by the current blister troubles. Through his first 16 starts last season, Blackburn pitched to a 2.90 ERA with a below-average 18.8% strikeout rate but strong walk and ground-ball rates of 6.2% and 48.7%, respectively, while yielding just an 87.7 mph average exit velocity.
  • Cubs righty Kyle Hendricks threw 36 pitches in a two-inning simulated game yesterday and came away from that session feeling good, tweets Maddie Lee of the Chicago Sun-Times. Assuming he doesn’t incur any setbacks in the coming days, that could put Hendricks on pace for a minor league rehab stint sooner than later. He’d likely need multiple starts to build up, which generally aligns with Hendricks’ previous statements that he’s aiming to be on a rehab assignment by May. The 33-year-old Hendricks was one of the NL’s most durable and consistently effective starters from 2015-20, pitching to a 3.17 ERA over the life of 967 innings in that time. He’s stumbled to a 4.78 ERA in 48 starts over the past two seasons, however, as he’s become increasingly homer-prone. Hendricks is entering the final guaranteed season of a four-year, $55MM contract, though the Cubs hold a net $14.5MM decision on him for the 2024 campaign ($16MM option with a $1.5MM buyout).
  • Mitch Haniger is slated to begin a minor league rehab assignment today, tweets Susan Slusser of the San Francisco Chronicle. The Giants signed Haniger to a three-year, $43MM contract over the winter (which contains an opt-out after 2024), but he’s yet to make his team debut after suffering an oblique strain during spring training. He went 3-for-10 with a pair of doubles in 10 official spring at-bats before sustaining the injury. Haniger dealt with myriad injuries in 2019-20 and 2022 but played in 157 games apiece in 2018 and 2021, slugging a combined 65 home runs between those two seasons. Once healthy, he’ll add some more thump to a Giants lineup that somewhat surprisingly ranks fourth in the Majors with 25 homers so far.

Giants Place Joc Pederson On IL With Right Wrist Inflammation

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The Giants have placed outfielder Joc Pederson on the 10-day injured list with right wrist inflammation. They’ve recalled Matt Beaty to take his place on the active roster.

Pederson was off to a solid start for the Giants this year, slashing .242/.350/.545 with a pair of home runs through his first 40 plate appearances of the season. Losing him is a sizeable blow to the middle of the Giants lineup which is already depleted, with Mitch Haniger, Austin Slater and Roberto Perez all out, while Michael Conforto is also currently out of the lineup with a calf problem.

Giants manager Gabe Kapler told reporters, including Evan Webeck of the Mercury News, that the hope is Pederson’s stay on the IL will be a short one. The Giants certainly need him back, going into Saturday’s games they sit 5-8 in the NL West and are a looking up at the Dodgers, Padres and Diamondbacks all above them.

In Pederson’s place the team will turn to Beaty, an infielder/outfielder who signed with the team on a minor league deal this winter. Beaty has appeared for three teams in his career, both in the NL West, as he suited up for the Dodgers and then Padres. He holds a solid enough career .250/.321/.405 line in the big leagues, but struggled to a .093/.170/.163 line over 47 plate appearances for the Padres last season.

Giants, Logan Webb Agree To Five-Year, $90MM Extension

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The Giants announced that they have agreed to a five-year, $90MM extension with right-hander Logan Webb. Webb will make $8MM next year, $12MM in 2025, $23MM in both 2026 and 2027, then $24MM in 2028. Webb, an ACES client, had previously been slated to reach the open market after 2025, so this deal buys out three free agent years.

Webb, 26, was selected by the Giants in the fourth round of the 2014 draft. His path to establishing himself as a big league starter was tumultuous, as he had Tommy John surgery in 2016 and received an 80-game suspension in 2019 due to a positive test for the banned performance-enhancing substance Dehydrochlormethyltestosterone. He then struggled in his first tastes of the majors, with a 5.22 ERA in eight starts in 2019 and a 5.47 ERA in the shortened 2020 season.

2021, however, was a huge breakout for the righty. He made 26 starts and one relief appearance, eventually logging 148 1/3 innings with a 3.03 ERA. He struck out 26.5% of batters faced while walking just 6%. He also got ground balls at an incredible 60.9% of balls in play, the highest such rate of any pitcher with at least 140 innings pitched that season. Last year, he proved that it was no fluke, throwing 192 1/3 innings over 32 starts, dropping his ERA to 2.90. His strikeout rate dropped to 20.7% but he still got grounders at an excellent 56.7% clip. He finished 11th the National League Cy Young voting.

In addition to establishing himself as the ace of the staff in San Francisco, Webb also crossed the three-year service time mark last year. That allowed him to go through the arbitration process for the first time, with he and the club settling on a $4.6MM salary. He would have been able to go through that two more times but it seems there was mutual interest in getting a long-term deal done instead. It was reported back in February that he and the club had previously had some extension talks, though a deal didn’t get done until today.

Looking to some recent comparables for pitchers in this bracket suggests that Webb did quite well for himself with this deal. Aaron Nola was between three and four years of service when he and the Phillies agreed to a four-year, $45MM deal with a club option. Sandy Alcantara and the Marlins agreed at five years and $56MM with a club option when he was in the same service bucket. Cristian Javier recently set a service record for pitchers between three and four years when he landed a five-year, $64MM guarantee. Webb’s deal trounces that number, although it’s not a perfect comparison, as Webb already had a salary locked in for this year and his new deal doesn’t start until 2024.

Looking to pitchers in between four and five years of service makes it harder to find a great comp. Jeffrey Springs and Chris Paddack recently signed deals in that window, though the Paddack was just embarking on rehab from Tommy John surgery while Springs had only recently moved from the bullpen to starting. In recent years, the Rockies gave five-year deals to both Kyle Freeland and Antonio Senzatela, though neither pitcher is as good as Webb. Jacob deGrom got four years and $120.5MM from the Mets a few years ago, though he was coming off an otherworldly season where he posted a 1.70 ERA while striking out 32.2% of batters faced. However you want to slice it, Webb’s extension stacks up quite favorably when viewed through a historical lens, either topping all three-plus pitchers or falling shy of only deGrom among four-plus pitchers.

Had Webb gone year to year, he would have been a free agent after 2025, his age-28 season. If he continued performing as he has in the past two seasons, he likely could have topped the $70MM he now has locked in for his post-arb years. Even mid-rotation starters like Taijuan Walker and Jameson Taillon got guarantees in that range this past winter. However, there’s always the risk that injuries or underperformance could have dealt a blow to his earning power in between now and then. Instead, he locks in a decent chunk of change and is still slated to reach the open market after his age-31 season, when he could potentially still be highly sought after, depending on his performance between now and then.

For the Giants, they are betting that Webb will indeed continue to serve a top-of-the-line arm. They don’t have a lot of long-term certainty in their rotation, as they’ve largely relied upon short-term deals for mid-range starters in recent years. Anthony DeSclafani signed a one-year deal for 2021 and then re-signed on a three-year pact that goes through 2024. Alex Wood and Alex Cobb are each in the final season of their respective two-year deals, though the club has a 2024 option for Cobb. Sean Manaea and Ross Stripling each signed two-year deals in the most recent offseason, but they both will have opt-out opportunities in a few months. That gives the club plenty of solid options right now, but all of those guys are in their 30s and potentially departing this year or next. Prior to this deal, Webb would have been slated to follow them out the door not long after, but the Giants can now keep him around through 2028.

The Giants have mostly kept themselves to those short-term deals in recent years, not exactly on purpose. They made attempts to sign marquee players like Aaron Judge and Carlos Correa, though those deals didn’t end up coming to fruition. That’s been a source of frustration for many fans, but the upside is that their long-term slate is quite open. Webb now joins Mitch Haniger and Taylor Rogers as the only players locked in for 2025, though Wilmer Flores does have a modest player option for that season as well.

They’ve used some of that payroll flexibility to lock up Webb, who is now the only player written into the ledger for 2026 and beyond. There should still be plenty of room to add other significant salaries next to Webb going forward. After a disappointing 81-81 season last year that followed the 107-win campaign of 2021, the Giants are hoping for better here in 2023. Whether they succeed or not, they have plenty of financial wiggle room to be aggressive in offseasons to come.

Image courtesy of USA Today Sports.

Giants Planning To Use Ross Stripling Primarily In Relief

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The Giants went into the season with a somewhat fluid rotation. San Francisco added Ross Stripling and Sean Manaea to a staff that already included Logan Webb, Anthony DeSclafani, Alex Cobb and Alex Wood. That left some question about how skipper Gabe Kapler would divvy up the starts, though there’s more clarity a few weeks into the season.

In an appearance on KNBR radio yesterday, president of baseball operations Farhan Zaidi said the Giants would primarily use Stripling out of the bullpen for now (link via Evan Webeck of the San Jose Mercury News). The front office leader indicated Stripling could take an occasional start as needed to keep others rested, essentially functioning in a swing capacity.

The veteran righty is plenty familiar with that kind of role. Stripling has 105 starts and 102 relief appearances at the big league level. He’s worked at least partially in relief during each season of his career. Stripling logged a career-high workload with the Blue Jays last season, tossing 134 1/3 innings over 32 outings. He’d worked in a swing role through the end of May before assuming a full-time rotation job with Toronto. Stripling posted an excellent 3.01 ERA while keeping his walks to a meager 3.7% clip during that season.

San Francisco added Stripling and Manaea on matching contracts — two years and $25MM with an opt-out after the first season. Manaea came out of the bullpen for his first appearance on April 3 but has started his last two outings, including tonight’s extra-inning loss to the Tigers. Stripling, conversely, started on April 2 and was called upon in relief for his next two appearances. It seems that arrangement will continue, at least assuming everyone’s healthy.

Stripling is off to a tough start to his Giants tenure. He’s been tagged for ten runs in as many innings, serving up a staggering six longballs. His velocity and swing-and-miss rates remain in line with last season’s respective marks but the volume of hard contact in the early going has been untenable.

It’s obviously far too early to make any definitive judgments on the acquisition. There’s plenty of time left in the season. Stripling figures to get consistent rotation run at some point again since virtually no club makes it through a full season without encountering starting pitching injuries. Still, it’s not the start the Giants or Stripling had envisioned — particularly since the inclusion of the opt-out clause in his deal gave Stripling a path to retesting free agency after replicating last year’s success as a starting pitcher.

Manaea’s early results have also been a little rocky. The southpaw has surrendered six runs in 11 1/3 frames, albeit with a solid 13:4 strikeout-to-walk ratio. Manaea has come out with an early-season velocity spike, though, offering optimism he’ll improve his performance over the coming weeks. He entered play Friday averaging 94.5 MPH on his sinker. That’s more than three ticks above last year’s 91.2 MPH average heater. Manaea topped the 97 MPH mark for the first time in his career during his relief outing, per Brooks Baseball. His velocity predictably wasn’t quite that high during his first start but the 94.2 MPH average fastball he demonstrated was higher than in any of his outings last season.

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