Rangers Return Rule 5 Pick Jordan Romano To Blue Jays
The Rangers have returned Rule 5 selection Jordan Romano to the Blue Jays after the right-hander cleared waivers, tweets Shi Davidi of Sportsnet. Having been placed on waivers Thursday, the 25-year-old Romano was offered to his previous club today and will rejoin the Blue Jays after failing to make the Rangers’ Opening Day roster.
Despite a respectable 3.86 spring training ERA, Romano has posted an unimpressive 6:5 K:BB ratio in 9 1/3 spring innings with the Rangers. Romano had been selected in December’s Rule 5 Draft after a solid 2018 season at the Double-A level, in which he posted a 4.13 ERA while striking out 125 batters in 137 1/3 innings. Upon returning to the Blue Jays, Romano will not be required to be placed on the 40-man roster.
Red Sox, Chris Sale Agree To Extension
TODAY, 1:43pm: Bob Nightengale of USA Today adds (via Twitter) that Sale’s vesting option for 2025 will be exercised if Sale earns a top-10 finish in AL Cy Young voting in 2024 and does not finish the year on the IL.
SATURDAY, 8:12am: The Red Sox have officially announced Sale’s new contract.
FRIDAY, 9:01pm: Sale has passed his physical, Rosenthal tweets, so all that remains is for the contract to be announced. Sale will earn $30MM in each of the first three seasons of the deal, after which time he has the right to opt out of the remaining two seasons. Those campaigns are valued at $27.5MM, meaning Sale will be deciding on two years and $55MM versus a trip onto the open market.
There’s further upside in the deal as well, ESPN.com’s Jeff Passan reports (Twitter links). It includes a vesting option at a floating value (minimum $20MM) based upon games started. There are also Cy Young-based escalators in years 2021-24 and in the option year. Sale receives full no-trade protection beginning in the middle of the 2020 season.
There are competing reports on the accounting of the deal. Rosenthal and others say the deal will wrap in Sale’s preexisting 2019 salary, creating a readjustment of his luxury tax hit for the present season (and pushing the team into the highest level of penalties). That’s not the case, though, per Speier (Twitter link). He reports that the Boston organization will elect to keep the ’19 season separate, which will avoid immediate tax entanglements but increase the luxury tax hit over the new years of the deal, potentially leading to future luxury obligations.
2:30pm: The Red Sox and ace Chris Sale are closing in on a contract extension, as first reported by Alex Speier of the Boston Globe. Sale, a client of Jet Sports Management, will receive $145MM over five seasons (2020-24) if he passes a physical, Ken Rosenthal of The Athletic reports (Twitter links).
Earlier this spring, both Sale and the Red Sox expressed mutual interest in working out a long-term arrangement that’d keep the left-hander, who is slated to become a free agent at season’s end, in Boston for the long term. MLBTR’s Jeff Todd recently broke down several possible scenarios when exploring what a Sale extension would cost the Sox.
Sale, 30 next week, has been among the game’s elite starters since moving to the rotation with the White Sox back in 2012. He’s made seven consecutive All-Star teams and registered six consecutive Top-5 finishes in American League Cy Young voting, though he’s somewhat incredibly never taken home a Cy Young trophy himself.
Since being traded to Boston in the 2016 blockbuster that sent Yoan Moncada, Michael Kopech, Luis Alexander Basabe and Victor Diaz to Chicago, Sale has pitched to a brilliant 2.56 ERA while averaging 13.2 strikeouts and just 1.9 walks per nine innings pitched. That level of K/BB excellence is nothing new for Sale, who holds the all-time Major League records for both K/9 (10.88) and K/BB ratio (5.31) among pitchers with at least 1000 innings pitched.
Any extension for Sale would begin in his age-31 season — he’ll pitch the 2019 season at age 30 — and figures to come with as much as a 100 percent increase over this year’s $15MM salary. The length of the contract was surely a sticking point in negotiations between Sale and the Sox, given last season’s shoulder troubles that limited him to 158 regular-season innings. Beyond that, his age likely gives Boston some degree of pause, as teams have become increasingly reluctant to guarantee players — particularly pitchers — significant salaries into their late 30s.
The luxury tax also undoubtedly plays a factor in negotiations, as the Red Sox’ payroll currently carries about $240.8MM in annual values that count against the tax ledger (as MLBTR recently examined when highlighting the unlikelihood of a Craig Kimbrel reunion). Should the Sox cross the $246MM threshold, they’d move into the top bracket of luxury penalization, which would include a 75 percent tax on any dollars spent beyond that point and would also cause their top pick in the 2020 draft to be pushed back by 10 spots, though for the Sox, keeping Sale from testing the open market looks to have been deemed worth of incurring that level of penalization.
It’s still possible that the Sox manage to lessen the luxury hit, though; Boston is reportedly shopping catcher Sandy Leon and his $2.475MM salary, and trimming that off the books would lighten the sting in terms of luxury payments on a new contract for Sale. A theoretical $30MM annual value for Sale would effectively take his luxury hit from $15MM (his current one-year salary, as options are treated in the CBA) to $27.5MM (the five-year, $150MM term plus this year’s $15MM salary divided over a six-year span). That $12.5MM increase currently stands to put the Red Sox about $6.5MM over the top luxury line, so shedding Leon’s contract could ultimately leave Boston’s luxury commitments at about $250-251MM. That’s still a huge penalty, but they’d only be paying the 75 percent tax on about $4-5MM of expenditures in that scenario.
Sale is far from the lone key Red Sox player who is (or was) slated to hit the open market following the 2019 season, but given the luxury implications another extension would present, he may be the only one to sign a long-term deal. Shortstop Xander Bogaerts and right-hander Rick Porcello are also free agents following the 2019 campaign, while designated hitter J.D. Martinez has the ability to opt out of the remaining three years and $62.5MM on his contract. Looking further down the line, reigning AL MVP Mookie Betts will become a free agent following the 2020 season, though Betts flatly stated this week that he doesn’t expect to sign an extension before free agency.
In the now likely event that a Sale extension is finalized, it would mark the 17th contract extension signed by a player this spring alone, including the sixth by a would-be free agent and the fifth worth greater than $100MM in total guarantees (as shown in MLBTR’s Extension Tracker). Players throughout the league have become frustrated with the slow pace of free agency and the lack of spending outside of the very top tiers of the free-agent market. Rather than test what has become a largely stagnant market, many players are simply opting into long-term arrangements with their current club, thus forgoing the stress and oft-disappointing outcomes free agency has presented over the past two years.
Cardinals Extend Paul Goldschmidt
1:38pm: Bob Nightengale of USA Today adds details (via Twitter) on the incentives package included in Goldschmidt’s new contract. The slugger can earn $250k for being named an All-Star, $250k for winning a Gold Glove award, and $1.5M for winning the NL MVP. As Saxon reported earlier, Goldschmidt’s yearly earnings will tally $26MM, which comprises a $22MM yearly base salary in addition to a $20MM signing bonus that will be spread evenly across the five years of the contract.
10:17am: Goldschmidt will earn $26MM per season from 2020-24, The Athletic’s Mark Saxon reports (Twitter link).
TODAY, 8:04am: The deal is done, and the Cardinals will officially make the announcement at a press conference this morning, MLB.com’s Jenifer Langosch reports (Twitter link).
THURSDAY: The Cardinals are closing in on an extension with first baseman Paul Goldschmidt, per Ken Rosenthal of The Athletic (via Twitter). If he passes a physical, Goldschmidt will remain a Cardinal for five additional seasons at a price of $130MM, per Derrick Goold of the St. Louis Post-Dispatch (via Twitter), thus setting a new contractual record for the storied St. Louis franchise.
Goldschmidt is already slated to earn $14.5MM in 2019, the final season of the extension he signed earlier in his career. With five new seasons tacked on, he’ll now be under contract through the 2024 season. The new deal will afford Goldschmidt full no-trade protection but will not include any opt-out opportunities, Rosenthal tweets.
The Cards are now set to accomplish what they set out to do when they acquired Goldschmidt earlier this winter. The club made no secret of its desire to hammer out a long-term arrangement with its new first bagger. Indeed, achieving exclusive negotiating rights likely motivated the St. Louis organization to part with starter Luke Weaver, catcher Carson Kelly, minor league infielder Andy Young and a Competitive Balance Round B selection to land Goldy in the first place.
Getting the deal done now means that both the Cardinals and Goldschmidt (along with his representatives at Excel Sports Management) need not think about alternatives next winter. It surely would have been interesting to see how the star performed on the open market. It’s hardly an optimal time for a defensively limited slugger to reach the open market. The Chris Davis deal (seven years, $161MM) is scarcely three years old, but seems a relic in retrospect. We’ve seen a steady reduction in earning expectations for such players in recent years. Still, significant money has still been there for the very best players. J.D. Martinez took down $110MM over five years despite profiling as a DH. Carlos Santana and Edwin Encarnacion each commanded $20MM annual salaries over three-year terms. And first bagger Eric Hosmer — a much younger but lighter-hitting first baseman — went for eight years and $144MM.
There’s an argument to be made that Goldschmidt could have earned more on the open market. He’d have faced little competition at the top of the first base market outside of the older Jose Abreu, though there are a few notable other players available next winter. But it’s frankly difficult to argue with the decision to sign onto this contract, particularly with another year of health and performance risk still separating Goldschmidt from free agency. The Cards obviously were quite fond of their new acquisition — and, perhaps, felt no small amount of pressure to get something done. It’s no small achievement in this climate for a first baseman to secure a $26MM AAV over a five-year term that begins in his age-32 season.
Goldschmidt, of course, is no ordinary first baseman. Comparing him to his peers at first base, in fact, isn’t quite the right scope. Over the past three years — that is, not including his personal-best 2015 campaign — Goldy has been among the dozen top position players by measure of fWAR. He’s in a dead heat with Freddie Freeman and Joey Votto in that regard. Now, he’ll join that pair of star performers in securing a large and lengthy contract extension.
While the Cardinals haven’t had much time to watch Goldschmidt up close, he really doesn’t have much of anything to prove. Somehow only an eighth-round draft pick back in 2009, Goldschmidt has been an offensive sensation ever since he reached the professional ranks. He destroyed minor-league pitching while racing to the majors, showing well in his 2011 debut. Thereafter, he emerged as one of the game’s best hitters and has rarely wavered from that standard.
All told, Goldschmidt carries a .297/.398/.532 slash (144 wRC+) through 4,708 plate appearances. That’s more or less exactly what he posted last year, when he ran up 690 plate appearances of .290/.389/.533 hitting with 33 long balls. Goldschmidt didn’t have his best showing in terms of plate discipline, but his 13.0% walk rate and 25.1% strikeout rate were hardly problematic and largely reflect his career levels. He continued to sting the ball, with a career-best 46.2% hard-contact rate (per Fangraphs), though he also made soft contact with greater frequency (16.9%) than ever before.
Photo courtesy of USA Today Sports Images.
Cubs Sign Tim Collins, Designate Brian Duensing
The Cubs have signed left-handed reliever Tim Collins to a one-year, major league deal and designated fellow southpaw reliever Brian Duensing for assignment, Jesse Rogers of ESPN tweets. Collins, an Octagon client, will report to Triple-A with his new team.
Collins hit the open market Friday when the Twins released him, ending a short stay with the team that signed him to a minors pact in early February. The 29-year-old, who broke in as a quality reliever with the Royals back in 2011, has barely seen action in recent seasons on account of significant injury troubles (including multiple Tommy John surgeries). But Collins did return to the majors last year for the first time since 2014 and accrue 22 2/3 innings as a member of the Nationals, with whom he logged unspectacular numbers (4.37 ERA/5.76 FIP with 8.34 K/9 and 4.76 BB/9). Collins was neither tough on lefties nor righties last year in the majors, though he did perform well at the Triple-A level, where he put up a 3.94 ERA/2.71 FIP with 9.56 K/9 against 4.22 BB/9.
Collins will give the Cubs some lefty relief depth behind Mike Montgomery and along with the injured Xavier Cedeno. Duensing had been filling that role, and it’s possible he’ll continue to if he stays in the organization. The 36-year-old would first have to get through waivers unclaimed, which is a distinct possibility given that he’s due a $3.5MM salary this season. Duensing’s set to close out a two-year, $7MM contract, which he earned entering 2018 on the heels of a standout season in Chicago. Unfortunately for the two parties, though, Duensing struggled to a disastrous 7.65 ERA/6.35 FIP with equally unappealing strikeout and walk rates (5.73 K/9, 6.93 BB/9) in 37 2/3 frames last year.
Giants Designate Jose Lopez
The Giants have designated right-hander Jose Lopez for assignment, Andrew Baggarly of The Athletic tweets. His roster spot will go to catcher Erik Kratz, whom the Giants acquired from the Brewers on Sunday.
It was a short stay on the Giants’ 40-man roster for Lopez, a 25-year-old who joined the team via waivers from the Reds on Feb. 12. As MLBTR’s Steve Adams wrote at the time: “A year ago, Lopez was considered to be one of the more promising pitching prospects in Cincinnati’s system. The righty was fresh off a 2.57 ERA with 8.8 K/9, 3.0 BB/9 and a 44 percent ground-ball rate in 147 innings between Class-A Advanced and Double-A and was added to the Reds’ 40-man roster in order to protect him from the Rule 5 Draft. In 2018, however, Lopez turned in a 4.47 ERA with 7.5 K/9, 2.6 BB/9, 1.21 HR/9 and a diminished 29.1 percent ground-ball rate in 141 innings at the Triple-A level.”
Lopez struggled during 3 1/3 spring frames as a member of the Giants, with whom he yielded five earned runs on seven hits and three walks, with three strikeouts. Despite his difficulties dating back to last year, it’s possible Lopez will once again fail to clear waivers, as he has a pair of minor league options remaining.
Astros Extend Justin Verlander
SUNDAY: Houston has announced the extension.
SATURDAY: The Astros have reached an agreement with right-hander Justin Verlander on a two-year, $66MM extension, Mark Berman of FOX 26 Houston reports. The deal will keep Verlander, a client of ISE Baseball, in Houston through the 2021 season.
It has been a remarkable few seasons for Verlander, who’s set to complete the final season of a five-year, $140MM extension signed prior to the ’13 campaign. Lagging velocity and some health issues led to messy 2014 and 2015 seasons, but Verlander recovered admirably, finishing out his Tigers tenure in good form before being shipped to the ‘Stros.
Verlander has now reached his 36th birthday, but you wouldn’t know it from the way he pitched last year. Over 214 frames, he worked to a 2.52 ERA with 12.2 K/9 against just 1.6 BB/9. And it wasn’t just the work of a crafty veteran who somehow managed to squeeze out one last good season from what was left of his stuff. Verlander averaged over 95 mph with his dominating fastball and jumped to a 14.5% swinging-strike rate — easily the highest mark of his storied career.
There’s an argument to be made that Verlander was never better than in 2018. He didn’t tally the same volume of great innings that he did in the vintage seasons of his youth, but Verlander’s insane 30.4% K%-BB% was nearly twice his career average. That level of unadulterated dominance is typically reserved for elite late-inning relievers who mostly unleash their arsenal in one-inning bursts. Statcast actually felt that Verlander was unlucky to permit opposing batters a paltry .260 wOBA. The contact they made against him was so weak that the advanced system credited those hitters with a .236 xwOBA.
Locking up Verlander – the third in a series of late-spring Astros extensions – brings at least some degree of clarity to a future rotation mix that seemed hazy at best. With both Verlander and Gerrit Cole set to hit the market after the upcoming campaign, and emerging frontliner Lance McCullers Jr. on the shelf until at least Opening Day 2020, Houston’s level of concern vis-á-vis the top end of the rotation had reached urgent heights. Collin McHugh was lassoed back from the bullpen, but none of the club’s glut of emerging arms – Cionel Perez, Framber Valdez, Josh James, Forrest Whitley, Corbin Martin, and J.B. Bukauskas among them – would likely be prepared to lead a staff in the upcoming seasons, especially one with designs on another AL crown.
The club still has more to work to do, of course (old friend Dallas Keuchel is still out there), but with just $108MM on the 2020 books even with the extensions divvied to Verlander, Alex Bregman, and Ryan Pressly, there should be plenty of room with which to maneuver. A Cole deal seems further off, and riskier still given his third-starter track record in the two seasons prior to ’18, but the club’s tech-blazed path to improvement with so many of its hurlers, centered on bolstering spin rates with pitches both fast and slow, should certainly be a mark in its favor. Houston, under Jeff Luhnow, has always been loath to part from the cream of its crop, so a high-profile trade for a top-end arm wouldn’t seem to be in the cards.
Regardless, with ace now in tow, the Astros have widened their window considerably. In addition to Cole, only George Springer, among the team’s stars, is set to hit the open market between now and when Verlander’s contract expires at the end of 2021, and the team has its floodgates set wide open in hopes that another homegrown star or two will wash ashore.
MLB.com’s Mark Feinsand was the first to report the two sides were “moving toward” an extension (via Twitter). Ken Rosenthal of The Athletic was first with the proposed figures (Twitter link). Photo courtesy of USA Today Sports Images.
Giants Acquire Erik Kratz
10:02am: Kratz is indeed going to San Francisco for Hinojosa, per an announcement from the Brewers.
9:40am: The Brewers will acquire shortstop C.J. Hinojosa from the Giants, Robert Murray and Andrew Baggarly of The Athletic report. Milwaukee may send veteran catcher Erik Kratz to San Francisco, Murray and Baggarly suggest.
Hinojosa had been with the Giants since they took him in Round 11 of the 2015 draft. He spent the majority of 2016-18 at the Double-A level, where he owns a .259/.321/.345 line in 951 plate appearances. The 24-year-old offered roughly league-average minors production across 283 PAs last season in a return from a late-2017 Achilles tear; however, he also missed 50 games after testing positive for a drug of abuse for the second time.
As recently as last May, Hinojosa ranked as the Giants’ 16th-best prospect, per FanGraphs’ Eric Longenhagen, who wrote that the ex-Texas Longhorn “projects as a utility man trending upward with contact skills.” In return for him, the Giants are landing the well-traveled Kratz, an out-of-options 38-year-old who has appeared in the majors in each season since 2010. He’d immediately replace catcher Rene Rivera, whom the Giants released Saturday, and would join Aramis Garcia and Stephen Vogt as another potential backup to Buster Posey.
While Kratz is a plus defender who quickly became a respected figure in Milwaukee after it acquired him from the Yankees last May, a lack of offensive upside helped seal his fate with the Brewers. Kratz is just a .211/.258/.363 hitter across 858 major league PAs. The Brewers have two far better offensive backstops in Yasmani Grandal and Manny Pina.
Rockies Place Tom Murphy On Waivers
The Rockies have placed catcher Tom Murphy on waivers, according to Thomas Harding of MLB.com. The club is hoping to find a trade partner for the out-of-options Murphy, per Harding. Regardless, it’ll enter the season with Chris Iannetta and Tony Wolters as its catchers.
A third-round pick of the Rockies in 2012 and a former top 100 prospect, Murphy hasn’t gotten much of a chance to establish himself in Colorado. While he did appear in the majors in each season from 2015-18, he didn’t reach the 100-plate appearance mark in any of those years. Murphy set a career high with 96 trips last season, but he limped to a .226/.250/.387 line with an absurd 44 strikeouts against three unintentional walks. In all, Murphy’s a .219/.271/.439 hitter with a 39.0 percent strikeout rate and a 6.2 percent walk rate in 210 major league PAs. Behind the plate, Murphy has thrown out 27 percent of would-be base stealers, right in line with the league average (28 percent), and earned slightly below-average overall grades from Baseball Prospectus.
It’s clear the 27-year-old Murphy hasn’t stood out in the majors, though he has shown off some power (10 home runs, .210 ISO) with the Rockies. He has also slashed an imposing .286/.335/.567 with 47 long balls in 875 PAs at the Triple-A level, and is coming off a spring in which he he hit .250/.323/.607 in 28 at-bats. Murphy’s offensive potential could help him latch on elsewhere, then, especially considering he’s still two years away from reaching arbitration.
The Rockies are turning back to Iannetta and Wolters, meanwhile, even though they made up a less-than-stellar duo for the lion’s share of last season. Iannetta’s the better hitter of the two, but he has typically struggled behind the plate. It’s the opposite for Wolters, a gifted defender whose lack of power has limited him to a .226/.322/.321 line in 712 major league PAs.
Bryan Holaday, Pedro Alvarez Opt Out Of Marlins Deals
8:50pm: First baseman Pedro Alvarez has also opted out of his deal, per MLB.com’s Joe Frisaro, who adds that outfielder Harold Ramirez will not exercise his out clause. Both Holaday and Alvarez have 48 hours to decide whether to go to Triple-A New Orleans, Frisaro notes. Alvarez has raked this spring with a .324/.400/.647 line in 34 at-bats, but the former star prospect hasn’t been much better than a league-average hitter across 3,321 major league PAs with the Pirates and Orioles. The 32-year-old struggled mightily across 127 PAs in Baltimore last season, when he hit a meager .180/.283/.414.
5:17pm: The Marlins are releasing catcher Bryan Holaday, who exercised the opt-out in his minor league contract, per Craig Mish of SiriusXM.
Holaday spent the 2018 campaign in Miami serving as the primary backup to star J.T. Realmuto, whom the team traded to the Phillies in the offseason. With Realmuto out of the picture, Holaday has been competing with Chad Wallach to work as a reserve behind Jorge Alfaro this season. But it appears Wallach has won the battle over Holaday, who hit .276/.364/.310 in 29 at-bats during spring training. That was an improvement over the .205/.261/.258 line Holaday authored over 166 PAs last year with the Marlins.
Offensive issues have been the norm for the 31-year-old Holaday, a .234/.274/.320 hitter in 606 PAs, though he has held his own at times behind the plate. Just last year, Holaday threw out a league-leading 45 percent of would-be base stealers (17 of 38) and, per Baseball Prospectus, offered above-average marks as a pitch framer and blocker.
Brewers Sign Alex Wilson
MARCH 23: Wilson’s deal is now official, Murray tweets.
MARCH 22: 2:55pm: The deal includes a $750K base salary along with unspecified incentives, per Jon Heyman of MLB Network (via Twitter).
12:44pm: Murray tweets that Wilson’s contract is a Major League deal. He’ll be added to the 40-man roster once he passes a physical, which is taking place today.
12:35pm: The Brewers are in agreement with free-agent right-hander Alex Wilson, per Robert Murray and Ken Rosenthal of The Athletic (Twitter link). The 32-year-old opted out of a minor league contract with the Indians earlier this week.
Wilson has been a steady member of the Tigers’ bullpen over the past four seasons, working to a combined 3.20 ERA with a below-average 5.8 K/9 mark but a quality average of 2.1 BB/9. He’s averaged 6.3 punchouts per nine innings pitched over the past two seasons and logged the second-best grounder rate of his career in 2018 (49.2 percent).
Milwaukee’s bullpen was one of its greatest strengths in 2018, but the relief corps is rapidly becoming more of a question mark with the revelation that Corey Knebel‘s immediate future is clouded by a UCL injury. Jeremy Jeffress, meanwhile, is expected to open the season on the injured list due to shoulder weakness, although president of baseball ops David Stearns has suggested that Jeffress could return to the active roster by mid or late April. Beyond today’s addition of Wilson, the Brewers have been connected to a more dramatic upgrade — lingering free-agent closer Craig Kimbrel.