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Can The Rays Cut Payroll Without Moving Tyler Glasnow?

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Rays right-hander Tyler Glasnow’s name has been floated frequently in the rumor mill this offseason, and it’s not hard to see why. Tampa Bay’s highest Opening Day payroll in franchise history, per Cot’s Baseball Contracts, was a figure just under $84MM in 2022. Meanwhile, RosterResource projects the Rays for a substantial increase over that figure, with a $126MM projection for the club’s 2024 Opening Day roster as things stand. That disparity of more than $40MM has led to a widespread belief around the league that the club needs to slash payroll this offseason, and Glasnow’s $25MM salary in 2024 is far and away the largest salary on Tampa’s books for 2024.

That said, the Rays are facing a great deal of question marks regarding their starting rotation due to significant injuries to lefties Shane McClanahan and Jeffrey Springs as well was right-hander Drew Rasmussen last season. Each of the three required season-ending surgery in 2023 and figure to miss much, if not all, of the 2024 campaign as well. That leaves the Rays with just three sure-fire starting pitchers entering the 2024 season as things stand: Glasnow, Aaron Civale, and Zach Eflin.

The club could get additional help next year from youngsters Taj Bradley and Shane Baz (the latter of whom is coming off a lost season due to Tommy John surgery in 2023) as well as righty Zack Littell, who pitched solidly as a swingman for the Rays in 2023, but the club’s many pitching injuries this past season serve as a reminder of the importance of maintaining starting pitching depth. Trading Glasnow would represent a major blow to that depth, particularly after he finished second to only Eflin in innings on the Rays last year despite not making his season debut until the end of May.

It’s worth noting the possibility the Rays’ situation isn’t as dire as it may seem. After all, president of baseball operations Erik Neander has indicated that the club would be open to running a higher payroll in 2024 than they have in previous years in order to keep more of the club’s 99-win 2023 roster together. Specifics on exactly how high of a payroll club ownership is willing to stomach aren’t clear, but cutting projected payroll to $100MM would place them 22nd among majors league clubs in projected payroll for 2024, just behind the Brewers ($101MM) and just ahead of their southern neighbors in Miami ($96MM). While the club has typically run a bottom-five payroll among MLB clubs in recent years, precedent for the Rays ranking higher does exist, as Cot’s indicates their 2010 payroll was 22nd in the majors as well.

Given the club’s pitching and financial situations, it’s fair to not only ask if the Rays can afford to keep Glasnow in 2024, but also if they can afford to part with him. While there are no simple answers to the second question, it’s worth looking into the first: if the Rays are willing to run a payroll of $100MM in 2024, is there a path to retaining Glasnow as a member of the Opening Day roster?

Glasnow isn’t the only Rays player who’s seen his name appear in the rumor mill this offseason; outfielder Manuel Margot’s name has percolated almost as frequently as the hulking right-hander’s, with the Mets and Yankees among his known suitors. Moving on from Margot, who has posted roughly league average numbers (97 wRC+) at the plate over the past four seasons alongside stellar defense in the outfield, would likely be a must if the Rays are to trim their current payroll to $100MM while retaining Glasnow. Margot’s $10MM salary in 2024 is third-highest on the team, behind only Glasnow and Eflin. Trading two years of Eflin, who’s under contract for a combined $29MM over the next two seasons, in order to retain one year of Glasnow would make little sense for the Rays beyond an exorbitant trade return for Eflin’s services.

Margot isn’t the only outfielder who’s seen his name floated frequently as a potential Rays trade chip this offseason. Righty slugger Harold Ramirez has also seen his name floated as a potential trade candidate thanks to the similarity of his role to that of fellow slugger Luke Raley. While Ramirez’s projected $4.4MM salary in 2024 (courtesy of MLBTR contributor Matt Swartz) is a reasonable price to pay for his services, Raley’s presence as a .249/.333/.490 hitter who crushed 19 homers in just 406 trips to the plate last season fills a similar niche to Ramirez on the club’s roster at a pre-arbitration rate. That makes Ramirez somewhat expendable for the Rays despite a solid .306/.348/.432 slash line over his two seasons with Tampa.

If the Rays part ways with both Margot and Ramirez this offseason, that would trim just under $15MM from the club’s payroll without doing too much damage to the club’s outfield depth, which would still include Raley in addition to Randy Arozarena, Jose Siri, Josh Lowe, and Greg Jones. That still leaves the club with more than $11MM in payroll that would need to be trimmed to get the club’s payroll down to $100MM, however. While dealing a veteran relief arm like Jason Adam or Andrew Kitteredge could save the club $2-3MM while opening up a roster spot for a youngster like Manuel Rodriguez or Colby White, the club’s bullpen depth would suffer for it and the Rays would still need to part ways with a more significant piece.

The two most likely candidates to depart in such a deal would be outfielder Randy Arozarena and second baseman Brandon Lowe, but parting with either player opens up significant question marks within the club’s positional group. Arozarena has become a face of the franchise in recent years thanks to his steady production and postseason heroic. In 2023, the 28-year-old delivered a 20/20 season while posting a 127 wRC+ as the club’s regular left fielder, production that would be difficult to replace without adding even more in payroll than Arozarena’s projected $9MM salary. That being said, there’s at least an argument to listen to offers on Arozarena’s services given the club’s budget crunch and the fact that he figures to only get more expensive in future trips through arbitration as he enters his thirties.

Lowe, on the other hand, could be easier for the club to replace. The 29-year-old had something of a bounceback season at the plate in 2023, slashing .231/.328/.443 with a 117 wRC+ in 109 games this past year after posting roughly league average numbers at the dish in 2022. Like Arozarena, Lowe figures to only get more expensive in the coming years as the Rays hold a pair of club options on his services for 2025 and 2026, valued at $10.5MM and $11.5MM respectively. With plenty of young infielders like Junior Caminero, Curtis Mead, and Jonathan Aranda approaching the big leagues, Lowe’s production could be easier for the club to replace internally than Arozarena’s, as well.

That being said, a Lowe trade comes with its own pitfalls. Lowe flashed the offensive production of an impact player from 2020-21, when he slashed .253/.346/.532 (140 wRC+) with 53 home runs in just 205 games. While he’s now two years removed from that offensive outburst, it’s worth noting that Lowe has been slowed by back issues over the past two seasons. A healthy 2024 campaign could see Lowe return to the All-Star caliber production from earlier in his career and substantially increase his value, both to the Rays and on the trade market. A Lowe trade would also exacerbate the uncertainty Tampa’s infield is facing due to the off-the-field issues of franchise shortstop Wander Franco and the offseason surgery of slick-fielding backup Taylor Walls, though it’s at least possible one or both players could be back in time for Opening Day.

For the Rays to make considerable cuts to their 2024 payroll while also retaining Glasnow, the club would likely have to part ways with at least four players in Margot, Ramirez, one of Adam or Kitteredge, and one of Arozarena or Lowe. While shipping out Margot, Ramirez, and a relief arm would all be perfectly defensible actions that subtract from areas of substantial depth for the club, dealing Arozarena or Lowe would entail giving up a slugger with multiple years of team control in the midst of his prime years who the club could struggle to replace the production of. That’s a steep price to pay in order to retain the services of Glasnow for the 2024 season, particularly when he figures to depart in free agency next winter either way.

Of course, there’s plenty of factors this exercise doesn’t take into account as well. Chief among them is the potential trade returns the Rays could garner, not only for Glasnow, but also for a longer-term piece like Lowe or Arozarena. If the Rays find themselves bowled over by an offer for any of the pieces mentioned here, the options at their disposal could certainly change. It’s also fair to note that the Rays could at least plausibly be willing to carry a payroll that exceeds even the $100MM figure used in this exercise; after all, the club made an offer to superstar first baseman Freddie Freeman during the 2021-22 offseason and had interest in dealing for two-way superstar Shohei Ohtani, both of whom would have likely required financial commitments north of Glasnow’s $25MM salary. Since then, the Rays have also hammered out an agreement on a new stadium in St. Petersburg, potentially further incentivizing the club to loosen the purse strings.

12 Possible Fits For A Tyler Glasnow Trade

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Rays right-hander Tyler Glasnow is among this offseason’s top trade candidates. He’s set to make $25MM in his final season before free agency. That’d be the largest single-year salary in franchise history. The Rays committed to that number not long ago, signing the 6’8″ hurler to an extension in August 2022. Even with various subsequent injuries to their rotation, Tampa Bay could move Glasnow to bring in cheaper talent.

Mark Feinsand of MLB.com tweeted this evening that a pair of rival executives believe the Rays will pull the trigger on a Glasnow deal this offseason. The Athletic’s Ken Rosenthal offered a similar sentiment in an appearance on Foul Territory (X link). Rosenthal suggested Glasnow could be the likeliest of the group of top starters who are frequently mentioned as trade candidates — also including Corbin Burnes, Dylan Cease and Shane Bieber — to move.

If the Rays did pull the trigger on a deal this winter, it’d have to be to a club with legitimate playoff aspirations in 2024. There’s little reason for teams like the Nationals or Rockies to acquire a star pitcher with one year left on his deal. An acquiring team would need to be willing to accommodate a $25MM salary. It’s hard to envision Tampa Bay making a trade of this magnitude within division.

That narrows things down somewhat but still leaves various potential suitors. Let’s identify some fits (listed alphabetically). All salary projections are courtesy of Roster Resource.

  • Angels: The Angels arguably stretch the definition of “legitimate playoff aspirations,” especially if Shohei Ohtani signs elsewhere. They have made clear they’re not going to rebuild in any case. Patrick Sandoval, Reid Detmers and Griffin Canning are solid rotation pieces. They’re not true #1 arms, though, something Glasnow would provide.
  • Astros: Houston will be without Luis Garcia and Lance McCullers Jr. into the middle of the season. Justin Verlander, Framber Valdez and Cristian Javier make for a strong top three. Hunter Brown and J.P. France tailed off a bit as their rookie seasons wound down. Glasnow fits on paper, although it’s unclear whether the Astros would take on his salary. GM Dana Brown has downplayed the financial flexibility at their disposal.
  • Braves: Atlanta made a run at Aaron Nola before his seven-year contract to return to Philadelphia. The Braves subsequently added Reynaldo López on a three-year pact and indicated he could return to the rotation. That doesn’t preclude them from exploring clearer upgrades to join Max Fried, Spencer Strider and Charlie Morton in the middle to upper part of the staff. The farm system has thinned but president of baseball operations Alex Anthopoulos hasn’t shied away from aggressive strikes on the trade market to support an elite core.
  • Cardinals: St. Louis has sought three starting pitchers this offseason. They’ve added two veteran innings eaters on one-year deals, bringing in Lance Lynn and Kyle Gibson on consecutive days. That raises the floor but still leaves them in clear need of a top-of-the-rotation arm. St. Louis president of baseball operations John Mozeliak acknowledged the team has yet to dig deeply into trade possibilities (link via Katie Woo of the Athletic). That’ll change now that they’ve added some stability without a ton of upside on the open market.
  • Cubs: Marcus Stroman declined his player option for 2024. That leaves the Cubs with a front three of Justin Steele, Kyle Hendricks and Jameson Taillon. There’s clearly room for another high-end starter. Chicago isn’t far off this past season’s Opening Day payroll but projects around $25MM below their franchise high mark. They’re about $50MM south of the lowest luxury tax threshold.
  • Diamondbacks: Taking on a $25MM player isn’t typical operating procedure for the Diamondbacks. Yet it’s something they could consider this winter on the heels of a World Series run. Arizona’s $103MM projected payroll is around $13MM south of this past season’s mark. It’s nearly $30MM below their franchise high. Adding another starter to join Zac Gallen, Merrill Kelly and Brandon Pfaadt is a clear priority.
  • Dodgers: The Dodgers are going to add a couple starting pitchers. Clayton Kershaw and Julio Urías hit free agency. Kershaw’s return timeline is uncertain after shoulder surgery. Tony Gonsolin and Dustin May will miss part or all of next season. Walker Buehler is back but coming off a second Tommy John surgery. Behind him are a few second-year hurlers (Bobby Miller, Ryan Pepiot and Emmet Sheehan) and swingman Ryan Yarbrough. Any of the top free agent or trade candidates on the rotation front make sense.
  • Giants: San Francisco’s projected payroll sits at $148MM, about $40MM shy of this year’s mark. Logan Webb is an ace. The rest of the rotation is in question. Alex Cobb is coming off hip surgery. Anthony DeSclafani and Ross Stripling had injuries and/or underperformance in 2023. Top prospect Kyle Harrison is still unproven. President of baseball operations Farhan Zaidi has been reluctant to make free agent splashes for starting pitching. A Glasnow trade would add an impact arm without the kind of long-term rotation commitment to which this front office has been averse.
  • Mets: The Mets are likely to bring in multiple starters. Kodai Senga and José Quintana are the only locks for the Opening Day rotation. It’s debatable whether they’re positioned to part with noteworthy young talent to add a rental with the team coming off a 75-87 season. New York has made clear they’re not punting the 2024 season entirely, though. Adding a high-end starter is one step of many required to put themselves back in the conversation with the Braves and Phillies in the NL East.
  • Padres: San Diego is down to Joe Musgrove and Yu Darvish after seeing each of Blake Snell, Seth Lugo, Michael Wacha and Nick Martinez hit free agency. The Padres are reportedly trimming payroll, which could rule them out on a $25MM arm, but president of baseball operations A.J. Preller has never been afraid to move things around to accommodate impact talent. The Snell trade with Tampa Bay has been one of the best moves of his tenure.
  • Rangers: The defending champions could lose Jordan Montgomery to free agency. Jacob deGrom won’t be ready until the season’s second half. Max Scherzer, Nathan Eovaldi, Jon Gray, Dane Dunning and Andrew Heaney is still a good starting five. They could nevertheless take a swing for Glasnow, building a potential playoff rotation consisting of Glasnow, deGrom, Scherzer and Eovaldi as they try to repeat.
  • Reds: Cincinnati’s situation is similar to Arizona’s. The Reds aren’t big spenders but could be in position for a lofty one-year salary for a #1 starter. They’re projected at $52MM for next season, $30MM below this year’s Opening Day mark. The young position player group put the Reds on the fringe of postseason contention. Adding a starter to lead a staff that also includes Nick Lodolo, Hunter Greene, Graham Ashcraft and Andrew Abbott is the next step.

AL Notes: Glasnow, Jansen, A’s

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The Rays figure to spend much of their offseason grappling with how to improve their roster despite a $126MM projected payroll (per RosterResource) that would be a franchise record. Given the considerable expected increase in Tampa’s payroll, plenty of speculation has swirled surrounding the future of ace right-hander Tyler Glasnow, who is in the final year of his contract with the Rays and is due $25MM in 2024. Moving Glasnow would trim considerable payroll for the Rays while also allowing them to secure cheaper talent in the return package, a method the club has frequently utilized in recent years when parting ways with players like Blake Snell, Chris Archer and, Evan Longoria.

While it’s certainly feasible the Rays could decide to take that route with Glasnow, MLB Network’s Jon Morosi indicates that such a deal is unlikely to come together any time soon, noting that the club’s talks regarding a Glasnow deal are seen as “preliminary.” Morosi goes on to suggest that a Glasnow trade is more likely to occur after the top tier of free agent starters, which includes Snell, Yoshinobu Yamamoto, Aaron Nola and Jordan Montgomery, have found new homes. Waiting until the free agent market plays itself out more is a sensible choice for the Rays; after all, plenty of clubs are rumored to be looking for front-of-the-rotation impact this offseason, and teams that miss out on the aforementioned group of pitchers may be more motivated to get a deal for Glasnow done later in the offseason once the big names of the free agent market are off the table.

More from around the American League…

  • Blue Jays catcher Danny Jansen is poised to hit free agency following the 2024 season, but it appears that the 28-year-old and the team aren’t planning on getting together on an extension any time soon. In an interview with Scott Mitchell of SportsCentre, Jansen said that though the sides did talk about a potential extension, “both parties agreed to carry on and see what happens throughout this year.” Toronto, of course, has fellow backstop Alejandro Kirk under team control through the end of the 2026 season. Given that reality, the fact that an extension for Jansen appears to not be a top priority for the Blue Jays is hardly a surprise. That’s especially true considering the club’s reported interest in top free agent bats such as Shohei Ohtani and Cody Bellinger.
  • The Athletics have now received unanimous approval from MLB owners for their plan to relocate to Las Vegas. In the wake of the relocation vote, team president Dave Kaval interviewed with The Athletic’s Evan Drellich. Kaval expressed the team’s excitement for the coming move. Though he noted that Las Vegas leaves the club with “uncertainty” regarding revenue from local media as the smallest TV market in MLB, Kaval noted that the club expects their new market to “punch a little above its weight” in other areas to make up for that. Kaval also suggested that the club has no interest in leaving the “Athletics” name behind as it moves to the desert. That’s a particularly relevant piece of information given Oakland Mayor Sheng Thao has previously indicated that leaving the name in Oakland could be among the city’s demands should the A’s wish to stay in Oakland after their lease expires following the 2024 campaign but prior to the club’s Las Vegas ballpark’s opening, which is expected to occur in time for the start of the 2028 season. Kaval went on to clarify that the club’s current TV deal only applies while the club is playing in the Bay Area, which could provide the club with an additional incentive to get a deal done either with the city of Oakland or to share Oracle Park with the Giants for the 2025-27 seasons.

Marlins Acquire Vidal Brujan, Calvin Faucher From Rays

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The Marlins announced the acquisition of utility player Vidal Bruján and right-hander Calvin Faucher from the Rays. Miami is sending minor league infielder Erick Lara, right-hander Andrew Lindsey and a player to be named later to Tampa Bay. The Fish already had three openings on the 40-man roster, so no further moves were necessary.

Bruján is the biggest name in the deal. While the switch-hitting utilityman has yet to find much major league success, he was once a top prospect. The Dominican Republic native was a top 10 prospect in a strong Rays system at Baseball America each year from 2019-22. He ranked in the back half of BA’s top 100 overall minor league talents throughout that run.

Praised for his speed, bat-to-ball skills and defensive flexibility, Bruján fit the general profile that Tampa Bay prioritizes. Despite excellent minor league production, he never got much consistent run at the MLB level with the Rays. Bruján struggled when he did see relatively brief stints at the highest level in the last three seasons.

In 272 MLB plate appearances, the 25-year-old is a .157/.218/.221 hitter with three home runs. He has been far better at Triple-A Durham, hitting .273/.357/.450 over parts of three seasons. That includes a .272/.362/.477 slash with 10 home runs and 19 stolen bases (albeit with 14 times caught stealing) over 59 games for the Bulls this year.

Bruján has exhausted his minor league option years, so he’ll have to stick on the MLB roster next season. A Tampa Bay team deep in infield talent may not have been able to afford that opportunity, so they’ll clear a 40-man roster spot early in the offseason. Miami has a bit less bench depth and is without a clear answer at shortstop, where Jon Berti projects as the starter. While Bruján is unlikely to get an everyday job, he can play either middle infield position, any outfield spot, and has experience at third base.

Faucher, 28, had been designated for assignment on Tuesday. He’s now traded for the second time in his career. The former Twins draftee went to the Rays at the 2021 deadline in the Nelson Cruz/Joe Ryan swap. He debuted with Tampa Bay in 2022 and has pitched in 39 big league contests (four starts) over the past two seasons.

The results haven’t been great. Faucher owns a 6.32 ERA in 47 MLB innings. His 20.8% strikeout rate and 10% walk percentage are each a little worse than average. The UC Irvine product throws in the mid-90s and has a cutter, sweeper and curveball in his offspeed repertoire. He owns an excellent 2.75 ERA in 72 Triple-A innings over three years, striking out 29.4% of batters faced at that level.

Faucher still has one option year remaining, so the Marlins can move him between Miami and Triple-A Jacksonville for another season. It’s the second straight year in which the Fish acquired a reliever and a former top infield prospect from Tampa Bay. Last November, the sides lined up on the Xavier Edwards/JT Chargois deal. That was orchestrated by previous Miami general manager Kim Ng. Miami’s first-year president of baseball operations Peter Bendix was working in the Rays’ front office for that trade. One of his first transactions leading the Marlins is to bring in a pair of players with whom he’s familiar from their in-state rivals.

In return, Tampa Bay picks up a pair of prospects (and likely a third) who are nowhere near occupying 40-man roster spots — common practice as they churn the roster for future talent. Lara is a 17-year-old shortstop who recently signed out of the Dominican Republic. Baseball America’s Ben Badler wrote in May that he could stick at shortstop depending on his 6’2″ frame fills out. He’s a left-handed hitter.

Lindsey was a fifth-round pick this past summer out of Tennessee. The 6’3″ hurler pitched to a 2.90 ERA in 71 1/3 innings during his junior season for the Volunteers. He struck out nearly a quarter of opponents against a modest 6.4% walk rate. He turned 24 this week. BA wrote in his draft report that he sits in the mid-90s with a sinker and has a high-80s slider as his top secondary pitch.

Daniel Álvarez-Montes of El Extrabase first reported the Marlins were acquiring Bruján and Faucher.

Image courtesy of USA Today Sports.

American League Non-Tenders: 11/17/23

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The deadline to tender a contract to arbitration-eligible players is tonight at 7:00pm CT. Here’s a rundown of the players on American League teams that have been non-tendered today. This post will be updated as more decisions are revealed. MLBTR contributor Matt Swartz projected salaries for all players eligible for arbitration last month. All players who are non-tendered before this evening’s deadline go directly into free agency, where they’re eligible to sign with any of MLB’s 30 clubs.

Onto the transactions…

Latest Moves

  • Mark Feinsand of MLB.com reports that the Rays non-tendered righty Cooper Criswell. He’d been designated for assignment on Tuesday.
  • The Mariners announced this evening that the club has non-tendered first baseman Mike Ford. Ford hit well (.228/.323/.475) in 83 games with Seattle this season but had already been designated for assignment earlier this week.
  • The Yankees announced this evening that the club has non-tendered right-handers Albert Abreu and Lou Trivino in addition to left-hander Anthony Misiewicz. Trivino didn’t pitch in the majors this season after undergoing Tommy John surgery back in May. Abreu pitched to a 4.73 ERA and 5.26 FIP across 59 innings of work while Misiewicz posted a 7.36 ERA across 11 innings of work for the Diamondbacks, Yankees, and Tigers.
  • The Twins have non-tendered left-hander Jovani Moran and right-hander Ronny Henriquez, per Dan Hayes of The Athletic. Moran finished the season on the injured list and, per Hayes, will require Tommy John surgery this offseason. Henriquez did not appear in the majors this year and struggled to a 5.68 ERA in 37 appearances at the Triple-A level.
  • The Angels announced this evening that they have non-tendered right-hander Jose Marte. Marte had gotten brief looks out of Anaheim’s bullpen across the past three seasons but struggled to a 8.14 ERA in 24 1/3 combined innings of work over those cups of coffee.
  • The Red Sox have non-tendered right-hander Wyatt Mills, according to Chris Cotillo of MassLive. Mills, 28, did not appear in the big leagues this year and underwent Tommy John surgery over the summer.

Earlier Moves

  • The Rangers announced this evening that they have non-tendered right-hander Matt Bush and left-hander Brett Martin. Bush, 37, struggled to a 9.58 ERA with the Brewers this year and did not make an appearance with Texas. Martin missed the entire 2023 campaign with shoulder issues.
  • The Royals announced this evening that they have non-tendered outfielder Diego Hernandez, left-hander Austin Cox, catcher Logan Porter and right-hander Josh Staumont. All but Hernandez had already been designated for assignment by the club earlier this week. Hernandez has yet to appear in the majors during his career and slashed .245/.302/.291 in 60 games at the Double-A level this season.
  • The Athletics announced today that they did not tender a contract to infielder Kevin Smith. Smith joined the club in the trade that sent Matt Chapman to Toronto and slashed just .182/.218/.314 in 297 trips to the plate with Oakland over the last two seasons.
  • The Blue Jays are expected to non-tender right-hander Adam Cimber this evening, per Ari Alexander of Houston’s KPRC-2. A veteran of six MLB seasons, the 32-year-old Cimber struggled badly in 2023 with a 7.40 ERA in 22 appearances despite a strong 2.53 ERA in 149 appearances with Toronto between 2021 and 2022.

Yankees, Mets Have Discussed Manuel Margot Trades With Rays

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The Yankees have “engaged the Rays in multiple conversations this offseason” relating to outfielder Manuel Margot, reports Ken Rosenthal of The Athletic. It has recently been reported that the Rays have been discussing Margot with multiple clubs and Rosenthal reiterates that. Joel Sherman of The New York Post adds that the Mets are interested as well.

Margot, 29, has been a solid contributor to this point in his career, largely serving as a strong defender with offense just a bit under league average. Since getting traded from the Padres to the Rays prior to 2020, he has hit .264/.317/.375 for a wRC+ of 97. He also stole 41 bases in that time while generally producing above-average defensive grades: +16 Defensive Runs Saved, +21 Outs Above Average and a grade of +1.9 from Ultimate Zone Rating. Those numbers slipped a bit in 2023 but they can often be inconsistent on a year-to-year basis and Margot was recovering from a significant strain of the patellar tendon in his right knee in 2022.

Going into the 2022 season, Margot and the Rays agreed to an extension that runs through 2024. He’ll make a salary of $10MM next year and there’s a $12MM mutual option for 2025 with a $2MM buyout. Since mutual options are almost never picked up by both sides, teams will consider Margot to have one year and $12MM remaining on his deal. That’s a perfectly suitable price point for a decent regular. Jackie Bradley Jr. got two years and $24MM from the Brewers a few years back. Kevin Kiermaier got one year and $9MM from the Jays despite being 33 years old and coming off hip surgery. Eddie Rosario got two years and $18MM from Atlanta.

But the Rays have often traded away players as they approach free agency, both as a way to keep costs down and to perpetually restock their farm system. The club’s payroll for next year is currently slated to be $126MM, per Roster Resource. They’ve never gone beyond the $80MM range, per Cot’s Baseball Contracts. A few members of their arbitration class will likely wind up non-tendered and the club seems to have some willingness to push payroll upwards next year, but it seems like some cuts are still going to be necessary.

There have been some rumors about Tyler Glasnow trades of late, unsurprising given his talent and $25MM salary in 2024, but a Margot trade would surely be more palatable from Tampa’s perspective. Their rotation suffered a large number of injuries in 2023, with each of Shane McClanahan, Jeffrey Springs and Drew Rasmussen set to miss some or all of 2024 while rehabbing from surgery. Subtracting Glasnow would leave the club with a rotation of Zach Eflin, Aaron Civale, Shane Baz, Zack Littell and Taj Bradley. They might be able to get by with such a group but it’s much stronger with Glasnow in it and the club is surely aware how quickly depth can evaporate due to injuries.

Subtracting Margot from the outfield, on the other hand, would not appear to be as risky. They would still have Randy Arozarena, Jose Siri and Josh Lowe as regulars, with players like Luke Raley, Greg Jones, Jonathan Aranda, Vidal Bruján and Harold Ramírez having varying degrees of outfield capabilities as well. Even if the club considers that group unsatisfactory, they could patch together some extra depth via minor league deals and waiver claims. The cost savings of flipping Margot would be less than half of a Glasgow deal but the former would be more appealing in terms of roster construction.

Yankees general manager Brian Cashman has frankly admitted that they need a couple of outfielders to be slotted next to Aaron Judge. They recently tried to insert Harrison Bader into their center field gap but he didn’t hit much and was often injured, eventually being placed on waivers as the 2023 season was winding down. Jasson Domínguez made his major league debut in Bader’s absence but required Tommy John surgery, leaving the club looking for answers there yet again.

Players like Jake Bauers and Estevan Florial are some of the options currently on the roster but the Yanks would surely like to upgrade there. Bauers hit .202/.279/.413 in 2023. Florial shows some exciting tools at times but he almost always strikes out around 30% of the time wherever he’s playing. Oswaldo Cabrera hit .211/.275/.299 last year in a utility role. Everson Pereira has similar strikeout concerns to Florial and hit .151/.233/.194 in his first 27 major league games.

Trades between division rivals can be tricky and the Yanks might also have caution about Margot’s injury history, something Rosenthal points out. The Yanks have been snakebit in recent years by seeing many of their acquisitions hitting the injured list, such as Frankie Montas hardly being able to pitch for them after being acquired from the A’s. Margot has gone to the injured list in each of the past four years, with his 125 games played in 2021 the only time he got into triple digits during that stretch.

As for the Mets, Starling Marte battled groin issues that kept him to 86 games of subpar production, making him an unknown going into 2024. Mark Canha and Tommy Pham were traded prior to the deadline and are no longer in the mix. Acquiring some outfield help to bolster the group around Brandon Nimmo makes plenty of sense. DJ Stewart went on a torrid hot streak late last year, hitting 11 home runs in 58 games, but he’s generally considered a poor defender. Acquiring a glove-first outfielder like Nimmo could push Stewart into a bench bat/designated hitter role.

The Yankees, Mets and other clubs with interest in Margot could also look to the free agent market for outfielders, but that would likely mean forking out more money than what Margot is set to make. Cody Bellinger is going to require a nine-figure guarantee while players like Teoscar Hernández and Lourdes Gurriel Jr. should get sizeable eight-figure deals. Even players somewhat similar to Margot, such as Kiermaier and Bader, are likely going to find multi-year deals somewhere.

MLBTR Podcast: Top Trade Candidates, Bryce Harper at First Base and the Braves’ Raising Payroll

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The latest episode 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! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Steve Adams of MLB Trade Rumors to discuss…

Plus, we answer your questions, including…

  • The NL Central appears to be the most intriguing division from an offseason perspective. The 2023 division winner could be selling. The Reds have a positive youth movement that could be augmented with veterans and turn into a real threat. The Cubs and Cardinals have pieces and could do an offseason push to rapidly improve their teams. The Pirates always seem to be a year or two away. What does each team in the NL Central need to do take the Brewers spot on top of the division? Do you see a potential arms race in the middle of the country instead of the coasts? (25:10)
  • Do the Angels have a chance for Cody Bellinger or one of the top pitchers? (29:50)
  • Could you explain why any team would trade something of value for Jonathan India? He’s been one of the worst defensive second basemen in baseball both of the last two years (according to both DRS and OAA), plus he’s been a below average hitter by wRC+ both years? He’s also had injury concerns both years. Maybe I’m wrong, but wouldn’t just about any contender aim higher than him as a starting second baseman? (34:10)

Check out our past episodes!

Rays Designate Calvin Faucher, Cooper Criswell For Assignment

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The Rays are selecting infielder Austin Shenton and right-hander Yoniel Curet to the 40-man roster, tweets Marc Topkin of the Tampa Bay Times. In corresponding moves, righties Calvin Faucher and Cooper Criswell have been designated for assignment. The Rays also avoided arbitration with left-hander Tyler Alexander on a one-year deal, Topkin adds.

Shenton, a left-handed hitting corner infielder, was a fifth round pick of the Mariners in 2019. Seattle traded the Florida International product to Tampa Bay at the 2021 deadline to bring in reliever Diego Castillo. He has spent the past couple seasons in the upper minors. The 25-year-old had a breakout year in 2023, combining for a .304/.423/.584 batting line between Double-A Montgomery and Triple-A Durham. He walked at a massive 16.3% clip against an elevated 26.7% strikeout rate.

Curet, 21, is a 6’2″ hurler from the Dominican Republic. He’s still in the low minors. Curet split this year between Low-A Charleston and High-A Bowling Green. He combined for a 2.94 ERA through 104 innings, striking out a third of opponents. A near-17% walk rate points to significant control issues to be ironed out, yet the Rays were evidently still concerned another team could stash Curet as an upside flier in their bullpen.

Faucher joined the Rays at the 2021 trade deadline as part of the ill-fated Nelson Cruz/Joe Ryan deal. The 28-year-old has pitched 47 innings over 39 appearances in the last two seasons. He has allowed 6.32 earned runs per nine with a middling 20.8% strikeout rate and a lofty 10% walk percentage. Faucher ended the season on the injured list with biceps tendinitis.

Criswell was on and off the active roster this year. He posted a 3.93 ERA in 84 2/3 Triple-A innings but allowed a 5.73 ERA over 33 MLB frames. Criswell is a good strike-thrower but hasn’t missed many bats at the highest level. Both he and Faucher will be traded or put on waivers within the next week.

Alexander was just claimed off waivers from the Tigers. He is in his second season of arbitration eligibility. Financial terms of his deal weren’t disclosed. MLBTR contributor Matt Swartz projected him for a $2MM salary, although it’s not uncommon for deals for borderline non-tender candidates to come in below those forecasts.

Looking For A Match In A Manuel Margot Trade

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With the Rays facing a projected payroll that’s nearly 50% higher than their current franchise-record, they’re widely expected to make several deals in order to scale back their spending. That’s not to say Tampa Bay is embarking on any sort of rebuild, as machinations of this nature are the norm for a Rays club that regularly churns the top end of its roster and cashes in veteran players for controllable young talent. Among the early trade candidates on the Rays’ roster this offseason, is outfielder Manuel Margot — as discussed here yesterday. MLB.com’s Jon Morosi adds that Tampa Bay has discussed the 29-year-old with multiple teams within the past two weeks.

Margot isn’t coming off a great year and is slated to earn $10MM in 2024 before he reaches free agency next winter. As such, it’s only natural that he’s among the names the Rays are peddling as they look to retool the roster, scale back payroll and simultaneously remain competitive. The Rays have Josh Lowe, Jose Siri, Randy Arozarena and several utility types who can handle both the infield and outfield. The possibility of trading Margot and bringing in a backup outfielder (via trade or free agency) at a lower salary point remains.

Margot’s .264/.310/.376 batting line in 336 plate appearances this past season is right in line with the .264/.317/.375 line he’s posted in four total seasons as a member of the Rays. It checked in a bit below average, albeit not egregiously so.

Had Margot enjoyed a season of his typical defensive excellence in ’23, that offensive output would’ve made him an above-average all-around contributor. But Margot missed the bulk of the 2022 season with a significant strain of the patellar tendon in his right knee, and his usual strong (at times elite) defensive grades slipped closer to average. Statcast noted that Margot’s range and sprint speed both declined in 2023, which perhaps isn’t all that surprising for a player coming off a major knee injury. The question for potential trade partners is whether Margot can be expected to rebound to his previous defensive heights or whether this is the new norm moving forward.

Clubs will likely have varying opinions on that front, though Margot’s overall track record ought to carry some appeal. That’s especially true in a thin free-agent market for outfielders. Not every team will want to pursue a nine-figure deal with Cody Bellinger, and some teams might well be turned off by the possibility of overcommitting to Kevin Kiermaier on the heels of a strong season. Free agent Harrison Bader offers a similar skill set to Margot and had a better year defensively but lesser year at the plate. Michael A. Taylor has an excellent glove and more pop than Margot but much higher strikeout rates and lower on-base marks.

Given the thin market for proven outfield help, Margot ought to command interest on the trade market — even if the return isn’t enormous. Let’s run through a few potential fits, excluding his AL East rivals. These certainly aren’t the only possible destinations, but any of the following teams make sense as a candidate to target a short-term, versatile option in the outfield:

  • Marlins: Newly minted president of baseball operations Peter Bendix was the Rays’ general manager before being hired by Miami. The Marlins have been on the lookout for a center fielder for the past several years but have struggled to fill the void — so much so that the Fish moved shortstop Jazz Chisholm Jr. to center field last year. Miami could line up on a trade bringing Margot aboard to handle center field, thus moving Chisholm back to the infield. The Marlins don’t have an obvious everyday shortstop at present, and the market for quality options at that position is even more barren than in the outfield.
  • Giants: President of baseball operations Farhan Zaidi has spoken openly about his desire to add some more athleticism and range to his outfield. Even with Margot’s step back in 2023, he still had above-average range and sprint speed. He’d be an upgrade, defensively speaking, over much of the San Francisco outfield mix even if he never fully rediscovers his once-elite range. Margot would allow the Giants to give Luis Matos some extra time in Triple-A after rushing to the Majors as a 21-year-old in 2023. And if Matos eventually forces his way onto the scene, Margot could join Austin Slater and Mitch Haniger as right-handed complements to lefty outfielders like Mike Yastrzemski and Michael Conforto.
  • D-backs: Arizona’s excellent young outfield was a major factor in their unexpected run to the 2023 World Series, but with Lourdes Gurriel Jr. hitting the market, the Snakes are once again looking at an all-left-handed mix of Corbin Carroll, Alek Thomas, Jake McCarthy and Dominic Fletcher. Margot gives them a right-handed option to provide manager Torey Lovullo with some matchup options.
  • Phillies: The Phils currently look as though they’ll give former top prospect Cristian Pache, who’s out of minor league options, another look as a reserve outfielder. Last year’s .238/.319/.417 slash in 95 plate appearances was better than anything Pache has ever done in the big leagues (career .173/.230/.273). Maybe they’ve unlocked something in his offensive profile, but Margot would be more reliable at the plate while still providing a potential righty complement to Brandon Marsh and a late-game defensive upgrade over Nick Castellanos.
  • Mariners: The Mariners and Rays have lined up on approximately six thousand trades since Jerry Dipoto was hired to oversee baseball operations for Seattle, and with a pair of young lefties (Jarred Kelenic, Cade Marlowe) currently slated to patrol the outfield corners in 2024, there’s another potential fit here. Margot would be a younger (and slightly more expensive) veteran to fill the same role the M’s tried for with AJ Pollock in 2023. Perhaps the M’s feel in-house options like Sam Haggerty and/or Dylan Moore can capably handle this role, but Haggerty has never topped 201 plate appearances in a big league seasons, while Moore battled injuries in 2023 and saw an already problematic strikeout rate spike to 34%.
  • Rockies: Brenton Doyle was an elite defender in his debut season but also one of the least-productive hitters in MLB. Nolan Jones, a converted infielder, is the Rockies’ most established outfielder at the moment. Margot could be acquired at a relatively low cost and plugged in as a semi-regular in an outfield that lacks much in the way of certainty. It’s plenty arguable that the Rox shouldn’t be trading anything to acquire short-term pieces like Margot, but they’ve staunchly resisted a rebuild for several years and will probably try to bolster the roster to some extent again this winter.
  • Angels: Mickey Moniak’s breakout season came with massive platoon splits, and Margot would serve as a natural right-handed pairing with the former No. 1 overall pick while providing an alternative in center, should Mike Trout again spend time on the injured list. The Angels have Jo Adell as a potential right-handed complement in the outfield, but Margot is a superior defender who might be better served for such a part-time role.
  • Rangers: Leody Taveras struggled in the second half of the 2023 season, and impressive as Evan Carter was in his late debut and throughout the postseason, he still has all of 147 plate appearances against Major League pitching at just 21 years of age. Margot would give Texas a true fourth outfielder — something they currently lack — in addition to insurance for Carter regression, continued struggles for Taveras or another injury for star right fielder Adolis Garcia.
  • Twins: It might be simpler for the Twins to simply re-sign Taylor, although peak Margot has a better glove and about half the strikeout rate of the Twins’ departing free-agent outfielder. Minnesota is trying to scale back payroll, making this an imperfect fit unless the Rays are interested in taking back some money to fill a need of their own (e.g. Christian Vazquez). Money aside, Margot would offer a natural complement to young lefty outfielders Matt Wallner and Trevor Larnach while also giving the Twins a capable reserve in center, should Byron Buxton miss time yet again.

Rays Rumors: Glasnow, Ramirez, Margot

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The Rays head into the 2024 season with a projected franchise-record payroll north of $125MM — a stark increase from previous highwater marks in the $80MM range. President of baseball operations Erik Neander said a month ago that the team is capable of and open to trotting out a new record mark, although there’s a stark difference between broadcasting the ability to increase payroll to some unspecified extent and projecting for about a 50% increase over their previous record.

Unsurprisingly, that’s thrust several notable Rays players into the rumor mill. Chief among them is ace Tyler Glasnow, who’s set to earn $25MM in 2024 before reaching free agency. Both Ken Rosenthal of The Athletic and Marc Topkin of the Tampa Bay Times have written in the past 24 hours on the potential of a Glasnow trade at some point this offseason. As Rosenthal points out, the Rays figure to extend a qualifying offer to Glasnow following the ’24 season if he’s not traded, and the potentially recouped draft pick will factor into what already figures to be a lofty asking price.

The Rays will be able to hold out for a larger return, knowing they’d have another opportunity to shop Glasnow at the trade deadline if their season goes south. Even if they hold onto Glasnow for the whole year, the draft pick they pick up would likely come at the end of the first round of the ’25 draft. They’d need a trade package to outweigh not only a full season of Glasnow but also a draft pick around No. 30. Similarly, any team acquiring Glasnow in the offseason would be acquiring the right to make that QO themselves. The compensatory pick another club would receive for qualifying Glasnow would be dependent on that team’s revenue-sharing and luxury-tax statuses, but it’ll clearly factor into valuing a Glasnow package for both the Rays and potential trade partners.

At the time Glasnow signed his extension in 2022, it was genuinely surprising to see him ink a deal that bought out just one free-agent year — even as he was recovering from Tommy John surgery. Glasnow spoke candidly about how Tampa Bay was where he wanted to be. Any player signing a long-term deal with the Rays likely does so knowing that an eventual trade is a possibility, however.

Glasnow’s first full season back from Tommy John surgery was hampered by an oblique injury, although he still posted 120 good innings: 3.53 ERA, 33.4% strikeout rate, 7.6% walk rate, 51.2% ground-ball rate. Fielding-independent metrics like FIP (2.91) and SIERA (3.08) felt he pitched quite a bit better than his earned run average would otherwise indicate. With 120 innings under his belt and more than two years elapsed since his surgery, it stands to reason that there won’t be many (if any) innings restrictions on Glasnow in 2024.

There’s no indication a Glasnow trade is close or even necessarily likely. Interest in him will persist so long as he remains with the Rays, as their payroll situation is obvious and demand for high-end rotation help is always strong. For the time being, however, a far more pressing trade candidate could be right-handed slugger Harold Ramirez, whom Topkin suggests is a candidate to change hands with this week’s deadlines to set 40-man rosters prior  to the Rule 5 Draft (Tuesday) and to tender contracts to arbitration-eligible players (Friday).

The 29-year-old Ramirez doesn’t bring much defensive value to the table, having operated primarily as a designated hitter this past season. He’s logged time at first base and in both outfield corners in the past, though he hasn’t graded out all that well. However, Ramirez also slashed a robust .313/.353/.460 this season and is projected by MLBTR contributor Matt Swartz to earn a reasonable $4.4MM salary in 2024.

The Rays control Ramirez for another two seasons, but they’re already a heavily right-handed team and might want to open some more flexibility at the designated hitter spot. There’s also the question of whether Ramirez can be expected to repeat this past season’s career-best production. The bulk of his damage came against lefties, whom he tattooed at a ridiculous .387/.411/.555 clip — but that was with the benefit of a sky-high .447 average on balls in play. That’ll be tough to repeat, though Ramirez’s knack for putting the ball in play (career 17.8% strikeout rate) has helped him maintain a lifetime .289 average in the big leagues. He doesn’t supplement that with many walks or all that much power, but he’s a clearly a talented hitter who could pique the interest of any club looking for a righty bat to plug into its first base/corner outfield/DH mix.

Along those same lines, Topkin lists Manuel Margot as a possible trade candidate. The fleet-footed outfielder has previously graded as a plus defender across all three spots, though last year’s defensive grades took a dip after he missed most of the 2022 season due to patellar tendon strain in his right knee. The righty-swinging Margot turned in a .264/.310/.376 slash in 2023 and is slated to earn $10MM in 2024 — the final season of his contract.

Margot could draw interest from clubs looking for a right-handed bat to play across the outfield — particularly if an interested party believes that his defensive ratings will tick back up the further removed he is from that significant knee injury. To be clear, Margot didn’t necessarily grade as a poor outfielder, but last year’s -3 Defensive Runs Saved and +3 Outs Above Average were well shy of the respective marks of 13 and 16 that he posted in his last full, healthy season (2021).

Margot’s production at the plate last year aligned almost perfectly with his broader marks in four seasons with the Rays, for whom he’s been a .264/.317/.375 hitter. In particular, Margot has been a thorn in the side of left-handers, posting a career .281/.341/.420 line when holding the platoon advantage. The Rays have several other outfield options (e.g. Randy Arozarena, Jose Siri, Josh Lowe, Ramirez, Greg Jones) and a knack for finding undervalued bats on the trade market, which could make them all the more willing to move Margot for future pieces while simultaneously paring back payroll in a meaningful way.

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