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Joc Pederson’s Contract Allows Rangers To Override Opt-Out By Exercising 2027 Option

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The Rangers’ two-year, $37MM deal with slugger Joc Pederson was agreed to late last month and announced shortly before the New Year, but it seems full details of the arrangement weren’t made clear at the time. It’s already known that Pederson’s deal contains a mutual option for 2027 and that he can opt out of his contract following the 2025 season. However, the Associated Press reports that the Rangers can override Pederson’s opt-out by exercising that mutual option a year in advance. The contract also contains a no-trade clause, per the AP.

Effectively, if Pederson signals his intent to opt out, the Rangers can veto his return to the open market by agreeing to commit another two years and $37MM. It could become an even pricier commitment for Texas, though, as Pederson’s contract contains escalators that would boost his 2026-27 salaries up to $21.5MM in the event that he wins a Silver Slugger or is named to the All-MLB team (first or second team) at season’s end. That’d mean committing two years and $43MM to Pederson in order to override the opt-out. Paired with his $5.5MM signing bonus and $13MM salary in 2025, Pederson’s contract can max out at a hefty $61.5MM over three years if he turns in a big enough season.

Pederson, 33 in April, has never won a Silver Slugger Award or earned All-MLB honors (dating back to the inception of the All-MLB teams in 2019). He certainly has enough pop in his bat to do so, but his long-running struggles against left-handed pitching have both weighed down his rate stats and likely kept him from accumulating the playing time to mash his way into consideration. Pederson is just a .210/.300/.330 hitter in his career against southpaws, compared to a .246/.349/.494 output against righties. The D-backs afforded him only 42 plate appearances against lefties last year (.219/.405/.344), but Pederson decimated righties with a .281/.392/.531 showing.

Even absent the escalators, the revelations of a no-trade clause and the team’s ability to override Pederson’s opt-out provision are plenty notable on their own. Texas, after all, was willing to commit a guaranteed two years and $37MM to Pederson this offseason. If he performs to expectations, they’ll essentially have the option to make that same commitment for his age-34 and age-35 seasons, which would lock the slugger in as a Ranger through 2027.

It’s also worth pointing out that there’s no scenario where Pederson can opt out and receive a qualifying offer from the team; Pederson already received (and accepted) a qualifying offer from the Giants following his All-Star 2022 season. Players can only receive one qualifying offer in their career. As such, if Pederson triggers his opt-out in November, the Rangers’ choices will be to extend him for another two years or to let him return to the open market with no compensation for his potential departure.

Rangers Sign Chris Martin

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Jan. 7: Martin’s deal with the Rangers guarantees him $5.5MM, Robert Murray of FanSided reports. Murray adds that Martin turned down more money from other clubs to return to his hometown club for what’ll be the final season of his career. WEEI’s Rob Bradford reports that the Red Sox were one team that made a more lucrative offer.

Jan. 6: The Rangers announced the signing of veteran reliever Chris Martin to a one-year deal. Financial terms remain unreported. Martin is represented by ISE Baseball. Texas designated Matt Festa for assignment to open a 40-man roster spot.

Martin, an Arlington native, heads home for what’ll likely be his final season. The 38-year-old righty said in September that he’s 95% confident he’ll retire after 2025. That’s not because of a dip in effectiveness. Martin remains a capable high-leverage arm and is coming off a strong two-year run in Boston.

The Red Sox inked Martin to a $17.5MM free agent deal over the 2022-23 offseason. It was a bit of a gamble considering his age, but the nine-year MLB veteran made good on that investment within one season. Martin turned in a dazzling 1.05 earned run average across 51 1/3 innings in 2023. He earned a couple down-ballot Cy Young votes in the process.

Last season was more good than dominant. Martin worked to a 3.45 ERA while throwing 44 1/3 innings. He had a brief injured list stint related to anxiety in the middle of June. Martin also missed a month with elbow inflammation between early July and the first week of August. He returned with 10 innings and only one earned run over the next couple weeks before allowing six runs in eight September frames.

Martin was almost certainly not going to manage an ERA around 1.00 in consecutive seasons. His strikeout and walk profile actually improved last year. He fanned 27.8% of batters faced after running a 23.1% strikeout rate in 2023. Martin cut his already pristine walk rate from 4% to a career-low 1.7% clip. He’s arguably the best strike-thrower in the majors. No pitcher with at least 100 innings over the last three seasons has issued walks at a lower rate than Martin (2.6%).

Over his two seasons with the Sox, Martin managed a 2.16 ERA across 95 1/3 innings. He has found success at every stop since returning from a stint in Japan between 2016-17. That includes a previous run in Texas. The Rangers were the team that gave Martin a chance during the 2017-18 offseason. He combined for 79 2/3 innings of 3.84 ERA ball before being traded to the Braves at the 2019 deadline.

Texas has loaded on up on short-term additions to fix a bullpen that could lose each of Kirby Yates, David Robertson, José Leclerc and José Ureña. They’ve signed Shawn Armstrong, Jacob Webb and Hoby Milner on one-year contracts worth $2.5MM or less. Texas also brought in southpaw Robert Garcia from Washington in the Nathaniel Lowe trade. While finances on Martin are unreported, it’s fair to assume he’ll be the most expensive of Chris Young’s bullpen acquisitions to this point. Still, there’s limited downside with a one-year deal.

Martin is the most experienced of the Texas relievers. He has worked in a setup capacity throughout his career and has never saved more than four games in a season. It’s unclear if the Rangers plan for him to close or will use him in leverage spots. Yates and Robertson have far more closing experience and are still free agents. Whatever the role, Martin adds much needed stability to a bullpen that might still be the team’s biggest question.

Texas signed Festa, 31, to a minor league deal last season. The Rangers selected his contract in August. He made 18 appearances over the final six weeks, working to a 4.37 ERA across 22 2/3 innings. The righty had made a brief appearance for the Mets earlier in the year. He has spent the bulk of his career with the Mariners, with whom he posted a 4.32 ERA in 89 outings over four seasons. Texas will have five days to trade Festa or place him on waivers.

Image courtesy of USA Today Sports.

Reds Acquire Owen White

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The Rangers have traded right-hander Owen White to the Reds in exchange for cash considerations, according to announcements from both clubs. The righty had been designated for assignment by Texas last month. The Reds had an open 40-man spot and don’t need to make a corresponding move.

White, 25, was designated for assignment a couple of weeks ago when the Rangers signed Hoby Milner. DFA limbo normally comes with a seven-day maximum but that clock is put on pause over the holidays, so White’s situation resolved at a slower pace than usual.

Though White has struggled recently and lost his roster spot in Texas, it seemed fair that some other club would take a shot on him based on his past prospect pedigree, which has indeed come to pass.

The Rangers initially grabbed him in the second-round of the 2018 draft, though his professional debut was delayed both by Tommy John surgery in 2019 and the pandemic in 2020. He quickly got back on track, however, throwing 115 2/3 minor league innings over 2021 and 2022, allowing 3.42 earned runs per nine. He struck out 34.1% of opponents and limited walks to a 7.5% clip, getting as high as Double-A in the process.

Going into 2023, he was added to the Rangers’ roster to keep him out of the Rule 5 draft and also found his way onto top 100 lists. Unfortunately, the past two years have been a struggle. He made his major league debut in 2023 but was roughed up, allowing five earned runs in four innings. In his 108 2/3 minor league innings, his 4.22 ERA wasn’t disastrous but he was lucky that number wasn’t worse. He only struck out 17.2% of batters against an 11.9% walk rate. If it weren’t for a low .254 batting average on balls in play, far more runs would have crossed the plate, which is why his 5.96 FIP was far higher than his ERA.

2024 didn’t go much better. He allowed eight earned runs in three major league innings, spiking his career ERA to an unsightly 16.71 at the big league level, though in a tiny sample of seven innings. In Triple-A, he tossed 99 innings with a 5.64 ERA, 19.5% strikeout rate and 10.7% walk rate.

After two straight years of poor results, it’s understandable why the Rangers nudged him off the roster, but it’s also easy to see why the Reds would take a shot. White was transitioned to a relief role midway through 2024 and saw a bump in his strikeout rate, punching out 25.6% of batters faced over his final 18 innings. He still walked 12.8% of opponents and had a 5.50 ERA in that stretch, but it’s perhaps a good sign that the punchouts came back.

White still has one option year remaining, so the Reds have some time to get a close-up look at him and see how things go, without needing to give him an active roster spot. Considering he is still young and is not too far removed from being one of the top pitching prospects in the sport, it’s a sensible buy-low move to make for what is surely a nominal sum of money in baseball terms. White has just a handful of service days and can be cheaply retained well into the future if he can get things back on track.

Brewers Acquire Grant Anderson

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The Rangers announced they’ve traded reliever Grant Anderson to the Brewers for minor league pitcher Mason Molina. Milwaukee designated left-hander Tyler Jay for assignment to open a 40-man roster spot, according to Curt Hogg of the Milwaukee Journal-Sentinel.

Texas had designated the 27-year-old Anderson for assignment earlier in the week when they finalized the Joc Pederson deal. The low-slot righty has made 49 MLB appearances for the Rangers as an up-and-down reliever. His major league work hasn’t been great, as he has allowed 6.35 earned runs per nine over 62 1/3 innings. Anderson’s respective strikeout (21.5%) and walk (8.8%) rates aren’t far off league average. He has had massive home run issues, though, giving up 16 longballs (2.31 per nine innings) in his major league career.

That hasn’t been as big a problem in the minors. Anderson didn’t allow a single homer over 27 2/3 Triple-A innings this year. He fanned 28.3% of minor league opponents and turned in a sub-3.00 ERA in the Pacific Coast League. Anderson has a 3.87 mark over parts of three seasons for the organization’s top affiliate in Round Rock.

Anderson still has a minor league option remaining, so Milwaukee can keep him at Triple-A Nashville for another season. The Brewers have Trevor Megill, Joel Payamps, Nick Mears and Jared Koenig locked into the Opening Day bullpen. Milwaukee could carry Rule 5 pick Connor Thomas in long relief. That’d only leave a couple ’pen spots up for grabs if everyone is healthy, so the flexibility afforded by the option is valuable.

Milwaukee acquired Jay from the Mets in July. The 30-year-old southpaw was limited to two MLB appearances after the deal. He tossed three scoreless innings with three walks and strikeouts apiece. Jay had pitched five times for New York earlier in the year, his first taste of big league action.

A former top 10 pick of the Twins, Jay has spent seven seasons in the minor leagues. He had a productive year in Triple-A between the New York and Milwaukee systems, combining for a 3.02 earned run average through 56 2/3 innings. He struck out a slightly below-average 20.5% of opponents while showing excellent control (5.1% walk rate). Milwaukee will trade Jay or put him on waivers within the next five days.

Molina, 21, was Milwaukee’s seventh-round pick last summer. The Arkansas product threw five scoreless innings in Low-A during his initial professional action. The 6’2″ lefty had turned in a 4.47 ERA over 15 appearances (13 starts) for the Razorbacks in his junior season. Baseball America wrote at the time of the draft that Molina’s 89-90 MPH fastball plays above its velocity because of its life at the top of the zone. Molina’s command is a work in progress. He’s a low minors developmental flier for the Rangers.

Managers & Top Front Office Executives On Expiring Contracts

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Several teams don’t publicize contract details for their top front office executives or even for their managers, so this list of skipper and execs (any head of a baseball operations department, whether titled as a president of baseball ops, general manager, chief baseball officer, etc.) entering the final year of their deals may not be entirely complete or accurate.  Still, since MLBTR so often focuses on players entering their “contract year,” this post provides a rough outline of which notable team personnel may be feeling some extra pressure as their own deals may be close to expiring.

It is quite possible some of these names may have already quietly signed extensions weeks or months ago, or will sign new deals during Spring Training once clubs turn their attention away from offseason roster-building.  A shorter-term extension may not necessarily indicate much extra job security, as some teams tack an extra year (or at least a club option) onto an executive or managerial contract just to avoid the appearance of that person entering a lame-duck year.  Of course, even a longer contract is no guarantee of job security, as a rough season can instantly put a manager or a front office on the hot seat.

As always, thanks to Cot’s Baseball Contracts for reference information on some of these contract terms.

Angels: Ron Washington is already heading into the final season under contract, as he signed only a two-year deal to manage the Halos in November 2023.  While the Angels were only 63-99 last season, it could hardly be considered Washington’s fault given the subpar state of the roster.  Expectations will be higher in 2025 since the team has been aggressing in adding talent this winter, and since GM Perry Minasian got a contract extension last August, Los Angeles might also look to add a year onto Washington’s deal to at least keep him on line with the guaranteed portion of Minasian’s new contract.  It should be noted that Washington turns 73 this coming April, so he might also prefer to just take things year-to-year if he has any thoughts about retirement.

Astros: Dana Brown is entering his third season as Houston’s GM, and the terms of his contract weren’t made public when he was hired in January 2023.  It is possible Brown might only be working on a three-year deal since his predecessor James Click also received just a three-year commitment, though Click was hired in the singular aftermath of the Astros’ sign-stealing scandal.  This probably isn’t a situation to monitor too closely since the Astros have kept winning during Brown’s tenure, with the caveat that owner Jim Crane and his advisors are known to weigh heavily on baseball operations decisions.  Click was let go within days of winning a World Series due to reported acrimony with Crane, but there hasn’t been any indication of any heat between Crane and Brown.

Athletics: Mark Kotsay’s initial contract covered the 2022-24 seasons, and the A’s picked up Kotsay’s 2025 club option over a year ago.  GM David Forst said in October that “there’s no one I would rather have managing this team,” and that Kotsay “wants to be here,” though there hasn’t been any public word about any extension talks.  As comfortable as Kotsay seems with the organization, it is possible he might be willing to let the season play out and then explore his options, if he has any uncertainty over continuing to manage the A’s through their stint in West Sacramento before their planned move to Las Vegas for the 2028 season.  While no public details were revealed about Forst’s latest contract, the GM has obviously signed some kind of extension since his last deal expired after the 2023 season, and said in November that “I’ve been here for 25 years.  There’s not a thought that I wouldn’t be in this for the long run.”

Blue Jays: Manager John Schneider is entering the last guaranteed season of his three-year contract, as the Blue Jays hold a club option on Schneider for 2026.  It is fair to guess that the Jays might not exercise that option too far in advance, as there is widespread speculation that another disappointing season (or even a slow start) will cost Schneider his job.  The same could be true of general manager Ross Atkins, even though Atkins is under contract through 2026.  Team president Mark Shapiro is also entering the final season of his five-year contract, and while Shapiro’s focus has been more towards bigger-picture projects like Rogers Centre’s renovations, his possible departure might also trigger a larger overhaul unless the Jays turn things around on the field in 2025.

Braves: Manager Brian Snitker is entering the last year of his contract, so the Braves might well look to tack at least one more season onto Snitker’s deal this spring.  Snitker has led Atlanta to the postseason in each of the last seven seasons, highlighted by the team’s World Series victory in 2021.  He has stuck to just shorter-term deals and extensions during his tenure, which is probably due more to his age (Snitker turned 69 in October) than any dissatisfaction on the organization’s part, so no change seems imminent in the Braves dugout.

Cardinals: John Mozeliak’s exit plan is already in place.  The longtime head of the St. Louis front office is stepping down after the 2025 season, with Chaim Bloom already inked to a long-term contract to become the Cardinals’ next president of baseball operations.

Cubs: The Cubs have posted 83-79 records in each of the last two seasons, but they still haven’t reached the postseason during Jed Hoyer’s four-year tenure as president of baseball operations.  2025 is the last year of Hoyer’s original five-year contract, and acquiring Kyle Tucker (who is a free agent next winter) in a big-ticket trade might indicate that Hoyer is feeling some heat to win as soon as possible.  It can be argued that Hoyer has been somewhat hamstrung by ownership’s reluctance to spend at the top of the market, but that might also indicate that ownership could be considering hiring a PBO with more experience in building contenders on limited budgets.

Dodgers: Reports surfaced earlier today that the Dodgers are planning to work out an extension with Dave Roberts, as the skipper is entering the last season of his last three-year extension with the club.  It comes as no surprise that L.A. wants to retain Roberts in the wake of the team’s second World Series title during his tenure, and it stands to reason that president of baseball operations Andrew Friedman is also a candidate for a new deal, perhaps regardless of the terms of his last agreement.  Friedman came to the Dodgers on a five-year deal in October 2014, then signed an extension of an unknown length in November 2019.  If that next contract was another five-year pact, Friedman is a technically free agent right now, but there has no zero indication that Friedman (who has been as busy as ever in bolstering the Dodgers roster this winter) is going anywhere.

Guardians: This is a speculative entry since it has been well over a decade since Chris Antonetti’s contract terms were publicly reported.  Even if he is approaching the end of his current deal, there hasn’t been any sense that the Guardians are planning a front office change, especially not in the wake of another AL Central crown and a trip to the ALCS.  Antonetti has been a member of Cleveland’s front office since 1999, and in his current role as president of baseball operations since October 2015.

Mariners: Jerry Dipoto has been extended twice since the M’s first hired him in September 2015, and his last extension in September 2021 was a multi-year deal of unspecified length.  It is therefore possible this could be Dipoto’s final season under contract as Seattle’s president of baseball operations, unless another extension has been signed in the last three-plus years.  Despite four straight seasons of 85 or more wins, the Mariners reached the playoffs just once in that span, as a lack of hitting has hampered the team over the last two years in particular.  It remains to be seen if ownership is okay with just being competitive (or, as Dipoto infamously put it, winning “54 percent of the time“) or if any impatience is growing over the Mariners’ difficulty in truly breaking through as a contender.  The Mariners were sparked to a 21-13 record down the stretch after manager Dan Wilson was hired last August, so it could be that the managerial change (and a change of hitting coaches) is what was needed to get the M’s back on track, but Dipoto and Wilson could both face pressure if Seattle again falls short of postseason baseball.

Orioles: Mike Elias has been Baltimore’s GM for six seasons, though his contract terms haven’t been made public at any point during his tenure.  Manager Brandon Hyde signed a three-year deal when first hired prior to the 2019 season, and he has signed at least one or perhaps two extensions since, leaving his contract status a bit of a mystery.  This is another situation where job security probably isn’t an issue, as the Orioles have come out of their rebuild to reach the playoffs in back-to-back years, even if the club has yet to record even a single postseason win in that span.  New owner David Rubenstein is eager to win but hasn’t shown any inclination to changing the leadership structure since he bought the Orioles earlier this year.

Pirates: Ben Cherington has now completed five full seasons as the Buccos’ general manager, so he either signed a somewhat unusually long contract when first hired, or he has already inked one extension that has escaped public attention.  Pittsburgh fans are impatiently waiting for the first winning season of Cherington’s tenure, as the team has flirted with contention in each of the last two years before finishing with identical 76-86 records.  Paul Skenes has at least emerged as the crown jewel of the Pirates’ lengthy rebuild process, so regardless of Cherington’s contract terms, it doesn’t appear as though he is in any danger of being fired.

Rangers: Bruce Bochy’s return to managing saw him sign a three-year contract with Texas, so 2025 represents the final year of that deal.  Bochy turns 70 in April but didn’t give any hints about retiring when speaking to reporters at the end of the season.  A second straight losing season might change the equation either on Bochy’s end or on the front office’s end, but the Rangers’ 2023 World Series title (to say nothing of Bochy’s three previous rings as the Giants’ manager) has naturally brought him a lot of leeway within the organization.  Both sides might prefer to go year-to-year just to maintain flexibility, but it wouldn’t be surprising if Bochy soon gets another year added to his contract.

Rockies: Bud Black has signed three straight one-year extensions to remain as Colorado’s manager, and past reports have indicated that Black is on something of an unofficial year-to-year rolling contract with the organization.  It is perhaps notable that Black’s most recent deal wasn’t finalized until this past October, whereas his previous two extensions were completed prior to the start of the seasons.  This might indicate that ownership and/or Black himself are starting to think harder about continuing the relationship in the wake of six straight losing seasons, even despite the Rockies’ well-known penchant for staying loyal to long-term employees.  The same logic could extend to GM Bill Schmidt, though Schmidt’s contract terms haven’t been known since he was elevated to the full-time general manager position in October 2021.

Royals: Matt Quatraro is entering the final guaranteed year of his initial three-year contract as manager, though the Royals have a club option on his services for the 2026 season.  J.J. Picollo has also completed two full seasons as the team’s general manager since being elevated to top of Kansas City’s baseball ops ladder in September 2022, though his contract status in the wake of that promotion wasn’t known.  Regardless, it doesn’t seem like either is going anywhere, and extensions could be in order since the Royals enjoyed an 86-win season and a return to the playoffs last year, including a wild card series win over the Orioles.

Tigers: Likewise, Detroit is also coming off a playoff appearance and a wild card series victory, as a magical late-season surge left the Tigers just one game short of the ALCS.  It is therefore safe to assume that president of baseball operations Scott Harris has plenty of job security, and while his contract terms aren’t known, it is probably safe to assume Harris received more than a three-year guarantee when he was hired in September 2022.

Twins: Some larger-scale changes could be afoot in Minnesota since the Pohlad family is exploring selling the Twins, and some shuffling in the front office has already taken place, with president of baseball ops Derek Falvey also becoming the president of business operations and Jeremy Zoll replacing Thad Levine as general manager.  Falvey’s previous deal was up after the 2024 season so obviously he signed an extension, but while manager Rocco Baldelli’s previous extension is known to have run through at least the end of the 2025 campaign, it is unclear if the coming season is the final year of that deal.  If Baldelli is indeed heading into a lame-duck year, the ownership situation might prevent the skipper from getting at least another season added to his deal, just so a new owner could potentially have a clean slate in evaluating things once they take over the team.

White Sox: This is more of a speculative entry, just because Chris Getz’s contract terms weren’t released when he was named Chicago’s general manager in August 2023.  A GM wouldn’t normally be considered to be on the hot seat so soon after being hired, nor are immediate results expected since the White Sox are quite obviously going through a hefty rebuild.  While nobody expected the Sox to contend in 2024, however, there’s a difference between just being a losing team and having a league-record 121 losses.  Another embarrassment of a season might give owner Jerry Reinsdorf second thoughts about Getz’s stewardship of the rebuild effort, or the possibility exists that Reinsdorf could sell the team, which should shake the organization up entirely.

Yankees: Aaron Boone quieted some of his critics when the Yankees both returned to the postseason, and captured the first AL pennant of Boone’s seven-year stint as the Bronx manager.  This result led the Yankees to exercise their club option on Boone’s services for 2025, and while no negotiations had taken place about a longer-term deal as of early November, it stands to reason that some talks will take place before Opening Day.  Then again, Boone’s current deal wasn’t signed until after he’d already completed the final season his previous contract, so it could be that the Yankees will again play wait-and-see.  There isn’t much sense that Boone is in jeopardy, and while expectations are always high in New York, ownership’s loyalty to Boone through some relative lean years would make it unusual if he was let go so soon after a World Series appearance.

Rangers Sign David Buchanan To Minor League Deal

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The Rangers have signed right-hander David Buchanan to a minor league contract, MLB Trade Rumors has learned.  The deal contains an invitation for the 35-year-old Buchanan to attend the Rangers’ big league Spring Training camp.

Buchanan hit the open market after electing minor league free agency at season’s end, following an outright off the Reds’ 40-man roster in September.  Buchanan signed a minors deal with the Phillies last February and spent the entire 2024 campaign in the minors until Cincinnati acquired him in a trade in late August.  The injury-ravaged Reds were looking for fresh arms to cover innings, and this need led to Buchanan tossing 3 1/3 innings in Cincinnati’s 5-4 loss to the Brewers on August 31.

Though he was designated for assignment the next day, getting into that single game was still a noteworthy milestone Buchanan, as it marked his first MLB appearance since October 4, 2015.  A seventh-round pick for the Phillies in the 2010 draft, Buchanan posted a 5.01 ERA over 35 starts and 192 1/3 innings for Philadelphia over the 2014-15 seasons before spending 2016 back at the Phils’ Triple-A affiliate in Lehigh Valley.

The righty then embarked on a long stint overseas, beginning with three seasons with the Yakult Swallows of Nippon Professional Baseball from 2017-19.  While Buchanan’s time in Japan had its ups and downs, he found much more consistency while pitching with the KBO League’s Samsung Lions over the 2020-23 seasons.  Buchanan posted a 3.02 ERA in 113 starts and 699 2/3 innings with the Lions, earning KBO All-Star nods in both 2022 and 2023.  Buchanan took his reputation as a groundball pitcher to extreme heights in South Korea, posting grounder rates of over 70% during his time with the Lions.

Buchanan’s grounder rates normalized greatly when back in Triple-A ball last season, and he posted a 4.86 ERA, 17.1% strikeout rate, and 6.88% walk rate across 124 total innings with the Phillies’ and Reds’ top affiliates.  He worked as both a starter and as a long reliever, so he provides Texas with an interesting swingman option heading into Spring Training.  Between Buchanan’s lack of strikeouts and the Rangers’ focus on their bullpen this offseason, Buchanan is likely ticketed for long relief work if he cracks the active roster, but that’s still a solid role on a team looking to amass as much pitching depth as possible given the injury concerns within the rotation.

Lenny Randle Passes Away

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Former major league utility player Lenny Randle has passed away at 75. The National Baseball Hall of Fame confirmed the news on Monday evening.

Randle was a multi-sport collegiate star at Arizona State. He played on the Sun Devils football team in addition to his work as ASU’s second baseman. He stuck with baseball after being drafted by the Washington Senators in 1970. Randle jumped right to Triple-A after the draft and made his big league debut by his first full season. He remained with the franchise when they relocated to Texas and rebranded as the Rangers going into the ’72 campaign.

After a few seasons in a utility role, Randle broke through in 1974. He hit .302 and stole 26 bases (albeit with 17 times caught stealing) across 151 games. Randle played multiple positions and was a valuable enough part of the Texas roster to receive down-ballot MVP support. He had another strong season in 1975, hitting .276 with 24 doubles across 676 plate appearances. He divided that season mostly between second base and center field.

Randle didn’t play as well in ’76. He lost his hold on the starting second base job the following spring. Randle threatened to leave camp, which led to public criticism from manager Frank Lucchesi (link via MLB.com). Randle confronted Lucchesi and, after a brief exchange, punched the manager multiple times. Lucchesi was hospitalized with a fractured cheekbone. Randle would eventually plead no contest to battery charges, leading to a fine.

While teammates and Texas beat reporters said that kind of outburst was out of character for the generally soft-spoken Randle, the Rangers made the obvious decision to move on from him. Texas suspended him for a month and traded him to the Mets before the ban was lifted. Randle moved to third base in Queens, where he had a strong first season. He hit .304 with a career-high 33 steals. His numbers dropped again in ’78, after which he bounced around the league.

Randle had a cameo with the Yankees in 1979, played somewhat regularly for the Cubs the following season, then finished his MLB career with two seasons in Seattle. During his stint with the Mariners, Randle had the humorous play in which he blew a slow roller down the third base line into foul territory after realizing he didn’t have a play on the ball. Umpires awarded the hitter first base.

Over a 12-year big league career, Randle hit .257/.321/.335. He was never much of a power threat and only connected on 27 home runs. The switch-hitter picked up 145 doubles and 40 triples while stealing 156 bases. He collected just over 1000 hits and scored nearly 500 runs. MLBTR joins others throughout the game in sending our condolences to Randle’s family, loved ones, friends and former teammates.

Rangers Designate Grant Anderson For Assignment

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The Rangers announced they’ve designated reliever Grant Anderson for assignment. The move opens the necessary 40-man roster spot for Joc Pederson, who has officially signed his $37MM free agent deal.

Anderson has been on the roster since May 2023. The low-slot righty has made 49 big league appearances as an up-and-down reliever. His major league work hasn’t been great, as he has allowed 6.35 earned runs per nine over 62 1/3 innings. Anderson’s respective strikeout (21.5%) and walk (8.8%) rates aren’t far off league average. He has had massive home run issues, though, giving up 16 longballs (2.31 per nine innings) in his major league career.

That hasn’t been as big a problem in the minors. Anderson didn’t allow a single homer over 27 2/3 Triple-A innings this year. He fanned 28.3% of minor league opponents and turned in a sub-3.00 ERA in the Pacific Coast League. Anderson has a 3.87 mark over parts of three seasons for the organization’s top affiliate in Round Rock.

After the New Year, the Rangers will have a week to trade Anderson or attempt to run him through waivers. The 27-year-old has just over one year of major league service. He has one option remaining, so another team could keep him in Triple-A next season if they’re willing to carry him on the 40-man roster.

Rangers Sign Joc Pederson

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The Rangers have officially announced the signing of designated hitter Joc Pederson to a two-year deal with a mutual option for 2027. Pederson, a client of Excel Sports Management, can opt out of the contract after next season. He’s reportedly guaranteed $37MM.

Pederson, 32, has now signed his fifth consecutive contract that allows him to re-enter free agency after just one year. The slugger first reached free agency during the 2020-21 offseason and signed a one-year deal with the Cubs. He followed that up with a one-year deal with the Giants before accepting the Qualifying Offer from the club the following offseason, and most recently signed yet another one-year pact with the Diamondbacks last winter. His newest deal offers a bit more security, however, given that it comes with a player option for a second season.

The constant trips through free agency haven’t stopped Pederson from being one of the most productive lefty bats in the majors in recent years. Since making his second career All-Star appearance in 2022 as a member of the Giants, Pederson has slashed a fantastic .262/.365/.485 with a 135 wRC+. That figure leaves him with the 16th-highest wRC+ in baseball among qualified hitters over the past three seasons, and he’s sandwiched comfortably between Vladimir Guerrero Jr. and Jose Ramirez on that leaderboard.

Given that he’s provided superstar-caliber offense on the cheap to multiple teams in recent years, it may seem somewhat surprising for Pederson to wind up with yet another relatively short-term deal that guarantees him less than $20MM per year. That discrepancy is primarily due to Pederson’s extremely limited profile. While he’s a phenomenal hitter who rakes against right-handed pitching, his profile features a massive platoon split and he’s typically been at his best throughout his career when he sits against same-handed pitching as much as possible. He’s a career .210/.300/.330 (78 wRC+) hitter against left-handed pitching and even in the past three seasons has floated a pedestrian 104 wRC+ against southpaws.

Perhaps that on its own wouldn’t be enough to stop Pederson from getting a hefty contract in free agency, but he’s also a poor defender in the outfield who didn’t put on a glove a single time during his year in Arizona after starting just 23 games in the outfield in San Francisco the prior year. His last season as a regular on defense in 2022 saw Pederson struggle to a -11 Outs Above Average figure that landed him near the bottom of the league’s leaderboards. Even with prodigious hitting talent, Pederson’s earning power has been consistently limited on the open market due to relatively minimal upside available in signing a platoon bat who’s increasingly restricted to DH-only duties. With that context, Pederson actually did quite well in landing the deal he got from the Rangers; his $37MM guarantee significantly outpaces the two-year, $24MM pact MLBTR predicted he would land when placing him as the #24 free agent on our Top 50 MLB Free Agents list at the outset of the winter.

For the Rangers, the addition of Pederson offers some much-needed thump to a lineup that finished just 22nd in the majors with a 95 wRC+ last year. That includes utterly abysmal production at DH, where Texas managed just a 65 wRC+ that was second-worst in baseball ahead of only the Reds. The addition of Pederson not only adds another big lefty bat to the Rangers lineup to complement his former Dodgers teammate Corey Seager but also makes up for the loss of Nathaniel Lowe, who the club traded to the Nationals just last night. The additions of Pederson, Kyle Higashioka, and Jake Burger to the club’s lineup in conjunction with better health from youngsters Josh Jung and Evan Carter should give the Rangers a much stronger offense up and down the batting order while allowing the club to lean less heavily on utility man Josh Smith, who was one of the team’s top offensive contributors in the first half but faded to hit just .215/.265/.300 after the All-Star break.

With Pederson now in the fold, RosterResource projects the Rangers for a payroll of just under $217MM for 2025, and that figure jumps up to just over $229MM for luxury tax purposes. That leaves around $11MM left for the club to work with before the first luxury tax threshold, which it was reported earlier this winter that the club hopes to duck under next year. While the rotation was addressed by bringing back Nathan Eovaldi and the lineup appears to be in good shape at the moment, the club still appears to be a piece or two short in the bullpen even after adding Hoby Milner, Jacob Webb, and Robert Garcia. It’s possible the Rangers could look to follow the example they laid out in the deal that sent Lowe to D.C. in exchange for Garcia and deal a potential trade candidate like Leody Taveras, Dane Dunning, or Jon Gray in a deal that bolsters their relief corps while also freeing up payroll space that could help them land a proven closer such as Kirby Yates or David Robertson, both of whom pitched well for the Rangers in 2024 but elected free agency last month.

Now that Pederson is headed to Texas, a handful of other suitors will need to look elsewhere. The incumbent Diamondbacks reportedly had interest in a reunion with Pederson earlier this month, though it’s possible that the club’s recent trade for Josh Naylor eliminated that need and leaves them in position instead to look for some right-handed thump to replace outgoing first baseman Christian Walker. Meanwhile, the Blue Jays were connected to both Pederson and Naylor in the rumor mill and at this point could be further motivated to land a notable bat such as Anthony Santander or Teoscar Hernandez now that many of the club’s lower-level targets have come off the board.

Evan Grant of the Dallas Morning News was first to report the Rangers and Pederson were discussing a contract. The Athletic’s Ken Rosenthal was first with the agreement. ESPN’s Buster Olney reported the two-year, $37MM guarantee and the opt-out.

Rangers Interested In Chris Martin

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As the Rangers continue to rebuild their bullpen, their list of targets includes a local product, as Evan Grant of the Dallas Morning News writes that the team has interest in Arlington native Chris Martin.  The veteran reliever said in September that he is “95%” certain that 2025 will be his last season, and since Martin is thought to be prioritizing teams closer to his home in Texas, a return to the Rangers would make a lot of logical sense for both sides.

Though Martin turns 39 in June and is likely entering his farewell season, his recent results indicate that the right-hander has plenty left in the tank.  Martin posted a 3.45 ERA in 44 1/3 innings for the Red Sox last season, with a 2.43 SIERA that is more reflective his performance level.  His ability to generate grounders (46.3% groundball rate) was undermined by Boston’s poor infield defense, leading to a .353 BABIP that fueled Martin’s misleading ERA.

The rest of his metrics ranged from above-average to elite, including a 27.8% strikeout rate, strong soft-contact numbers, and Martin’s typically brilliant control.  Long one of baseball’s best control pitchers, Martin’s 1.7% walk rate in 2024 was the lowest of any hurler with at least 40 innings pitched.  Perhaps the only question mark clouding Martin last year was his health, as he had three different trips to the 15-day injured list due to anxiety, right elbow inflammation, and an issue with his left shoulder.

Martin is a late bloomer who didn’t make his MLB debut until age 28 when he was pitching for the Rockies in 2014.  After posting a 6.19 ERA in 36 1/3 innings with the Rockies and Yankees in 2014-15, he went to Japan and posted outstanding numbers over the next two seasons with the Nippon-Ham Fighters.

This success led to a two-year, $4MM deal with the Rangers during the 2016-17 offseason, as Martin made his return to North American baseball pitching for his hometown team.  The stint in Texas saw Martin show flashes of his future self, and his success early in the 2019 season led Atlanta to swing a deal for him at the 2019 trade deadline.  Over five years later, Martin could now be considering a return to Arlington with a World Series ring (with the 2021 Braves) and $34MM more in career earnings in tow, as well as an earned reputation as a steady high-leverage reliever.

Rangers president of baseball operations Chris Young told Grant and other reporters that “the bullpen is the primary focus” for the team in the remainder of the offseason and during the season, and Texas has gotten a start on that work already his winter.  Robert Garcia, Jacob Webb, Shawn Armstrong, and Hoby Milner have all been acquired to date, but a more proven late-innings reliever like Martin would greatly stabilize things.  Kirby Yates and A.J. Minter are two of the other still-unsigned relievers linked to the Rangers on the rumor mill this offseason.

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