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Rays Extend Yunel Escobar

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The Rays have announced that they've signed shortstop Yunel Escobar to a two-year extension that guarantees him $13MM. The deal pays Escobar $5MM in 2015 and $7MM in 2016, and includes a $7MM club option with a $1MM buyout for 2017. Escobar is represented by Miami Sports Management.

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Escobar will make $5MM in 2014 in the first option year of a two-year deal for 2012 and 2013 that included two options. His new contract will replace the $5MM team option for 2015 on his old one, so this new deal essentially locks the Rays in for that $5MM in 2015 while giving the Rays the rights to 2016 and potentially 2017 as well.

Escobar, 31, hit .256/.332/.366 for the Rays in 2013, but provided excellent value defensively — he posted a 10.7 UZR in 2013 and has been a consistently above-average defensive shortstop throughout his career. He typically provides little power but good on-base ability, with a .350 career on-base percentage to go with his strong defense. 2013 was Escobar's first season with the Rays, as the Blue Jays traded him to Miami in the Jose Reyes / Josh Johnson / Mark Buehrle blockbuster and the Marlins shipped him to Tampa for Derek Dietrich in December 2012.

The shortstop will enter the free agent market after his age-34 season if the Rays pick up the option. This is the second extension Tampa Bay has completed so far in 2014, having announced a six-year deal for pitcher Chris Archer this week.

Robbie Knopf of the Rays Colored Classes blog originally reported the deal. Roger Mooney of The Tampa Tribune was the first to report the value of the option and buyout (via Twitter).

Aaron Steen contributed to this post.

Minor Moves: Struck, Gimenez, Fitzgerald, Bigley

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Today's minor moves:

  • 24-year-old righty Nick Struck has signed on with the Dodgers, MLBTR's Tim Dierkes has learned. The Cubs released their 2012 minor league pitcher of the year last week. Strcuk briefly reached Triple-A in his age-21 season, then put up a solid campaign in 2012 (3.18 ERA in 155 2/3 innings) at Double-A. He earned a quick promotion back to the Iowa Cubs last year, but allowed 6.17 earned runs per nine in his 109 1/3 frames.
  • Catcher Chris Gimenez has elected free agency rather than taking an outright assignment from the Rangers, the club announced. The 31-year-old was designated for assignment on Tuesday after just a few days with the team. The Rays are interested in signing him to serve as minor league depth, Evan Grant of the Dallas Morning News recently reported.
  • Righty Justin Fitzgerald has agreed to a minor league deal with the Diamondbacks, reports Chris Cotillo of MLBDailyDish.com (via Twitter). Fitzgerald made it to the Triple-A level for the first time last year, but had a tough go of things. His 5.61 ERA in 77 innings was the worst of his career.
  • 27-year-old outfielder Evan Bigley, formerly a Twins prospect, has signed with the independent league St. Paul Saints, tweets Mike Beradino of the St. Paul Pioneer Press. A tenth-round pick out of Dallas Baptist back in 2008, Bigley never made the leap from Double-A to Triple-A and became a minor league free agent this year.
  • The DFA limbo line has thinned considerably in recent days, as MLBTR's DFA Tracker shows. Pirates reliever Vin Mazzaro is a fairly intriguing name, and will see resolution of his situation by Monday. Frank Herrmann, Colt Hynes, and Preston Guilmet of the Indians are all due to learn their fates on Tuesday. Then come a series of players with interesting histories and a decent amount of big league experience: Eduardo Nunez (Yankees), Hector Noesi (Mariners), and Jeremy Jeffress (Blue Jays). Another player was just added to the rolls when the Royals designated Pedro Ciriaco this morning.

Reactions To The Chris Archer Extension

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Chris Archer's new six-year extension with the Rays represents an indication that the league will continue its overall good health over the coming years, writes Ken Rosenthal of FOX Sports. With plenty of money to keep both owners and players happy, Rosenthal opines that the coming expiration of the CBA (following the 2016 season) should not result in a work stoppage. Here are more notes on Archer's extension.

  • Rosenthal also offers that players should, perhaps, be doing better. He takes a look at the agencies that have agreed to extensions like Archer's, noting that pre-arbitration deals with multiple options are almost exclusively the domain of small- or mid-level outfits. (SFX/Relativity was the only larger agency to enter such a deal since 2000, with five to its credit.) With smaller firms concerned about losing clients, the union as a whole must exercise diligence in avoiding a loss of bargaining power as against ownership.
  • Archer's contract bears a strong resemblance to Jose Quintana's deal with the White Sox, Dave Cameron of Fangraphs writes. This isn't the first time two players have received very similar extensions — as MLBTR's Steve Adams noted this morning, Jason Kipnis' new deal mirrors Matt Carpenter's, which mirrors Andrew McCutchen's, which mirrors Jay Bruce's and Justin Upton's. Cameron also points out that the Archer extension reflects the reality of pitcher attrition — pre-free-agency extensions make sense for pitchers, even very promising pitchers, in part because their careers are so uncertain. Meanwhile, deals like Archer's are cheap enough that teams can absorb that risk.
  • Archer is only the fourth player to whom the Rays have given a contract worth over $20MM total, R.J. Anderson of Baseball Prospectus points out (subscription-only). Evan Longoria, Carlos Pena and Scott Kazmir are the others. Kazmir, of course, enjoyed a terrific comeback season with Cleveland in 2013, but Anderson writes that his case illustrates the pitfalls of signing a young pitcher like Archer long term.

Jeff Todd contributed to this post.

Rays, Escobar Have Had “Serious” Extension Talks

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The Rays have already hammered out one extension recently, locking up right-hander Chris Archer to a six-year contract yesterday. Now, Marc Topkin of the Tampa Bay Times reports, via Twitter, that the club has also had serious extension talks with shortstop Yunel Escobar. While nothing is close with Escobar, who recently switched agencies and is now represented by Miami Sports Management, Topkin's source says an extension is still very possible.

The 31-year-old Escobar is controlled through the 2015 season via a $5MM club option — the final year of team control for Escobar on a two-year, $10MM extension with three separate $5MM club options signed midway through the 2011 campaign. That deal was signed with the Blue Jays, and since that time he's found himself traded to the Marlins and then the Rays (he never appeared in a game for Miami).

Escobar batted .256/.332/.366 last season in his first year with the Rays, belting nine homers and playing excellent defense at shortstop. Despite the pedestrian batting line, Escobar was valued at 3.3 rWAR and 3.9 fWAR due to his outstanding defensive contributions and the fact that his roughly league-average offensive production (97 OPS+, 100 wRC+) came from the shortstop position.

Escobar's six years, 121 days of Major League service upon entering the season are very close to the six years, 99 days that J.J. Hardy had when he signed a three-year, $22.5MM contract extension with the Orioles in July 2011. That contract is a bit outdated, but it could still serve as a reference point in negotiations between the two sides (my own speculation). Of course, Hardy was coming up on free agency at the time, whereas Escobar does have another year of team control remaining. And, while both are regarded as plus defenders at short, Hardy has considerably more pop in his bat, though it comes at the cost of a significantly lower OBP than Escobar's career mark of .350.

Robbie Knopf of Rays Colored Glasses first wrote about extension talks between the two sides yesterday afternoon.

Rays Extend Chris Archer

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THURSDAY: If Archer does not reach Super Two status, he is guaranteed $20MM, MLBTR has learned. In that instance, he would receive a $1MM signing bonus, $500K in 2014, $1MM in 2015, $1MM in 2016, $3MM in 2017, $4.75MM in 2018 and $7MM in 2019. The option years and buyouts would not change, regardless of his Super Two status. Either way, the guarantee is still the largest ever for a player with less than one year of service time.

WEDNESDAY: The Rays have established themselves as annual contenders by extending young players early in their Major League careers, and the next such case presented itself today as the team has announced a six-year contract for right-hander Chris Archer. Archer's deal buys out all of his pre-arbitration and arbitration years, and will be worth $25.5MM if he achieves Super Two status but less if he does not (Super Two seems highly likely for Archer, who entered the year with 156 days of service). The contract also also contains a pair of club options that can push the value of the deal to $43.75MM over eight years. The Relativity Baseball client also reportedly receives a $500K bonus if he is traded during this contract.

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Assuming he reaches that Super Two status, Archer will receive a $1MM signing bonus and a $500K salary in 2014, $1MM in 2015, $2.75MM in 2016, $4.75MM in 2017, $6.25MM in 2018 and $7.5MM in 2019.  The Rays can buy out Archer's 2020 option for $1.75MM.

Archer, 25, broke out with the Rays in 2013 with a strong performance that netted him a third-place finish in the American League Rookie of the Year voting. The North Carolina native posted a 3.22 ERA with 7.1 K/9, 2.7 BB/9 and a 46.8 percent ground-ball rate in 128 2/3 innings for the Rays, cementing himself as a member of the team's rotation. He averaged a blistering 95 mph on his fastball, which could eventually help him reach the his minor league levels of striking out a batter per inning. Perhaps most important for the Rays was Archer's improved command; he had averaged five walks per nine innings in his minor league career.

Archer's new deal is the largest ever for a player with less than one year of service time, eclipsing the six-year, $17.5MM extension and the five-year, $14MM extension signed by his own teammates Evan Longoria and Matt Moore, respectively.

The Rays originally acquired Archer from the Cubs along with Hak-Ju Lee, Sam Fuld, Brandon Guyer and Robinson Chirinos in exchange for Matt Garza, Fernando Perez and Zac Rosscup. That was actually the second trade of Archer's career though, as he was first drafted by the Indians and sent to Chicago along with John Gaub and Jeff Stevens to acquire Mark DeRosa back in 2008.

Archer was already under team control through the 2019 campaign, but this new contract will give the Rays options that run through the 2021 season, meaning the Rays haven't actually guaranteed any free-agent seasons with the deal. However, they will obtain cost certainty and two optional years of control, making it worthwhile risk for the team. From Archer's standpoint, he acquires financial security for a lifetime, sets a service time record and would hit the open market at age 33 if both options are eventually exercised.

For the 2014 season, Archer will join Moore, David Price, Alex Cobb and Jake Odorizzi/Jeremy Hellickson in the rotation (Hellickson is currently on the disabled list). While Price's long-term future with the club is in doubt, the Rays will now control Archer, Moore and Odorizzi through at least the 2019 season, with Cobb under control through 2017 via arbitration. Hellickson is controlled through 2016.

The Rays alerted the media that an announcement would be coming this morning, and Ken Rosenthal of FOX Sports was the first to report the six-year agreement, noting that it was in the $25MM range (via Twitter). Jon Heyman of CBS Sports pegged the exact value (via Twitter), while Yahoo's Jeff Passan added the trade bonus. Passan and ESPN's Jerry Crasnick added details approximating the value of the option years, and Passan noted the Super Two technicality as well. Marc Topkin of the Tampa Bay Times reported the year-to-year breakdown (via Twitter).

Photo courtesy of Kim Klement/USA Today Sports Images.

AL East Notes: Archer, Rays, Nunez, Blue Jays

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The Rays officially announced their six-year, $25.5MM extension with Chris Archer in a press conference today.  The right-hander told reporters (including MLB.com's Bill Chastain) that the recent spate of pitching injuries around baseball influenced his decision to sign the contract.  "I don't know if all the injuries — the head injuries, the concussions, the elbow injuries, some shoulder injuries — that have happened of late, I don't know if they've happened as a sign for me, but I took them as a sign for me, a sign of what's unknown," Archer said.  "I sat down with my financial advisor. With this contract, I'm financially secure multiple times over again, through many generations. For me, that's all I ever wanted out of this game — to be personally secure and have my family members secure as well."

Here's some more from around the AL East…

  • Alex Cobb and Wil Myers would seem to be the next logical extension candidates for the Rays, MLB.com's Adam Berry writes.  Cobb said he would "plead the fifth" when asked if he'd been approached by the team about a multiyear deal, while Myers said that he's just focused on playing and will let his agent handle any contractual business.  Berry's piece also contains several quotes from Rays executive VP Andrew Friedman about his team's strategy of locking up its young stars.
  • The Rays have had nine players suspended for PED usage and 14 players suspended for drug-related offenses overall since 2012 , Baseball Prospectus' Ben Lindbergh notes.  Tampa Bay leads all teams in both categories, and the recently-suspended Alex Colome is the only the latest of several of the Rays' top prospects to be hit with a suspension.  Lindbergh, however, believes this current spate of issues is only a matter of "chance," as the franchise doesn't have a glaring suspension record before 2012.
  • The Mets haven't discussed making a move for Eduardo Nunez, Mike Puma of the New York Post tweets, and it's "too early to say if they will have interest" in signing the infielder to bolster their shortstop depth.  The Yankees designated Nunez for assignment yesterday.
  • Blue Jays general manager Alex Anthopoulos told reporters (including Brendan Kennedy of the Toronto Star) that he isn't looking for external shortstop help with Jose Reyes on the DL.  Jonathan Diaz is currently filling in at short, and Anthopoulos doesn't think Reyes' injury will keep him out for too long.
  • ESPN's Jim Bowden (Insider subscription required) doesn't think the Blue Jays will contend this season and the club should deal some top stars in order to restock the farm system.  Edwin Encarnacion headlines Bowden's list of Toronto's ten best trade candidates, which also includes possible trade suitors.
  • In other AL East news, we posted a collection of Red Sox Notes earlier tonight.

AL East Notes: Lester, Victorino, Rays, Robertson

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The lack of a contract extension between the Red Sox and Jon Lester now presents the possibility that this could be Lester's last Opening Day with the team, writes Scott Lauber of the Boston Herald. Lauber adds that the season will now be rife with speculation regarding Lester's contract situation and opines that a strong performance out of the 30-year-old lefty could make the Red Sox regret not presenting Lester with a "Scherzer-like offer" (six years, $144MM) when all is said and done. Of course, that deal would hardly represent the discount to which Lester has previously referred.

Here are some more notes on Lester, the Red Sox, and the AL East…

  • Ken Rosenthal of FOX Sports appeared on WEEI's Dennis & Callahan show Monday morning and discussed a number of topics, including Lester. Rosenthal pointed to a column he wrote last week in which he said he felt that Lester should end up around five years and $115MM. He adds that the Red Sox won't be able to get a Dustin Pedroia-like extension very often: "Pedroia’s deal is ridiculously club-friendly, and if the Red Sox think they’re getting that deal out of every player they’re out of their minds."
  • The Red Sox announced today that Shane Victorino will open the season on the disabled list with a right hamstring strain, and Jackie Bradley Jr. will begin the year with the big league club. On the Dennis & Callahan show, Rosenthal talked about Victorino's importance to the club, noting that if he misses a significant chunk of time this season, it could lead many to wonder what might've been if the team hadn't let Jacoby Ellsbury go. However, as Rosenthal plainly states, Boston was simply never going to approach the kind of money that Ellsbury got from the division-rival Yankees.
  • Sportsnet's Ben Nicholson-Smith spoke with Rays GM Andrew Friedman about the club's transformation from a perennial 90-loss team to a divisional powerhouse despite one of the game's most modest payrolls. "We have to act decisively but with a smaller margin for error than most clubs, and so we can’t box ourselves in," said Friedman. "We need to react more quickly when circumstances change or opportunities present themselves." Nicholson-Smith's piece is full of excellent quotes from the Rays' GM and reminds how far the team has come since the days of Gabe Gross, Akinori Iwamura and Andy Sonnanstine, who were all on the Opening Day roster as recently as 2008.
  • Some scouts have expressed concern over David Robertson's fastball, George A. King III of the New York Post reported last night. Robertson's heater was sitting between 88 and 90 mph late in Spring Training. King notes that Robertson's fastball typically improves as the season goes on, but a look at his velocity charts (per Fangraphs) shows that he's been inconsistent at best over the past two seasons, and his end-of-season velocity hasn't been much better than his Opening Day heat. As MLBTR's Mark Polishuk noted in his recent review of the Yankees' offseason, the team did little to address the bullpen this offseason and is relying on a group of largely unproven relievers.

Yunel Escobar Changes Agents

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Rays shortstop Yunel Escobar has switched representation, moving from Praver/Shapiro to Miami Sports Management, tweets Ken Rosenthal of FOX Sports. 

Escobar, 31, is under team control for 2015 on a $5MM club option. Assuming that is picked up — which would be a given if he repeats his solid 2013 campaign — then his new agents may not have much work to do until he hits the open market before the 2016 season. Of course, another extension is always possible, though it may be difficult to get Tampa to offer up much of a commitment beyond Escobar's age-32 season.

Phillies Acquire Jayson Nix From Rays

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The Phillies have acquired infielder Jayson Nix from the Rays for cash considerations and have added him to the team's 40-man roster, the club announced. The club further announced that it had informed Reid Brignac that he would not make the club.

Nix, 31, spent last year with the Yankees, taking 303 trips to the plate for New York. He ended up with a .236/.308/.311 triple-slash. In parts of six MLB seasons, Nix has a lifetime .218/.290/.358 line.

Rays To Sign Mike Fontenot

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The Rays have added infielder Mike Fontenot on a minor league deal, tweets Marc Topkin of the Tampa Bay Times. Fontenot was released earlier today by the Nationals.

The 33-year-old had seen at least some time at the Major League level in every season since 2006 before spending last year with the Rays' Triple-A affiliate. He hit .264/.335/.379 in 120 games.

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