Rockies Sign Wade Davis
The Rockies have officially agreed to a contract with free-agent closer Wade Davis, as Jeff Passan of Yahoo Sports first reprted. Davis, a client of Jet Sports Management, receives a three-year, $52MM contract that includes a vesting player option for a fourth season which could take the deal’s value to $66MM over four years. That contract’s $17.33MM annual value is a record among relievers, Passan notes.
The fourth-year option, worth $15MM, will vest as a player option for the 2021 season if Davis finishes 30 games in 2020. If it does not vest, it’ll instead be a mutual option with a $1MM buyout, per Passan. Joel Sherman of the New York Post reports (via Twitter) that Davis will earn $16MM in 2018, $18MM in 2019 and $17MM in 2020. FanRag’s Jon Heyman tweets that Davis’s deal includes a $1MM assignment bonus if he is traded, adding that he’ll also pick up full no-trade rights after being traded once.
The addition of Davis seems likely to end the Rockies’ pursuit of a reunion with 2017 closer Greg Holland, who declined a $15MM player option and rejected a $17.4MM qualifying offer following the season. Davis, too, rejected a qualifying offer, meaning he’ll cost the Rockies a pick in the 2018 draft.
As a team that benefited from revenue sharing and did not exceed the luxury tax in 2017, the Rockies will forfeit their third-highest selection in next year’s draft. For the Rockies, who have a selection in Competitive Balance Round A, their third-highest pick will be their second-round selection in 2018. The Cubs, meanwhile, will secure a compensatory pick after Competitive Balance Round B. (While Davis’ contract is north of $50MM, the Cubs are a revenue sharing payor, thus disqualifying them for compensation after the first round of the draft.)
[Related: Updated Colorado Rockies depth chart and Rockies payroll outlook]
Colorado has clearly identified the bullpen as an area of focus this offseason, as they’ve now dished out more than $100MM worth of guarantees in the form of Davis’ $52MM and the respective three-year, $27MM deals given to lefty Jake McGee and right-hander Bryan Shaw. That continues the aggressive bullpen spending the team began last winter when signing Mike Dunn and Holland in free agency.
Davis, of course, will capably step into the void left by Holland’s departure and could very well serve as an upgrade. In 58 2/3 innings with the Cubs last year, Davis pitched to a 2.30 ERA with 12.1 K/9, 4.3 BB/9 and a 40.5 percent ground-ball rate while collecting 32 saves. Those excellent run-prevention numbers continued an impressive run of dominance for Davis, who owns a 1.45 ERA in 241 1/3 innings since converting to a reliever on a full-time basis in 2014.
The 2017 season wasn’t without red flags, though. Davis’ 40.5 percent grounder rate marked a significant drop-off from the 48.5 percent clip he posted in 2016, and his 94.3 mph average fastball velocity was his lowest since moving to the bullpen. That velocity drop is all the more troubling when juxtaposed with a 2016 season in which Davis landed on the disabled list with a forearm strain.
There’s risk in any long-term deal for a reliever, though, and the Rockies’ aggressive spending in this market has demonstrated less aversion to those perils than most clubs throughout the league. For a Colorado team that features a very young and largely inexperienced rotation, the stockpiling of quality relief arms will help manager Bud Black to lessen the workload of his young arms by leaning more heavily on a group of experienced late-inning options.
Of course, it’s worth bearing in mind that the three additions won’t necessarily enhance the Rockies’ 2018 unit beyond the one it possessed in the season prior. By the end of the season, the relief corps included Holland, McGee, and midseason trade acquisition Pat Neshek. At a minimum, though, the organization can likely now anticipate that it’ll enter the coming season with a relief group that’s as good or better than its productive ’17 outfit.
Photo courtesy of USA Today Sports Images.
Minor MLB Transactions: 12/29/17
We’ll keep track of the game’s minor transactions for the day here…
- Right-hander Jay Jackson has re-signed with the Hiroshima Carp of Japan’s Nippon Professional Baseball, the team announced (English link via the Japan Times). He’ll take home $1.5MM for the 2018 season. Jackson, 30, had reportedly garnered interest from multiple MLB clubs, though his return to the Carp on a one-year deal suggests that any offers he may have received didn’t match the strength of a $1.5MM guarantee. The former Cubs farmhand and top 100 prospect (per Baseball America) won’t turn 31 until next offseason, though, so he could further drum up MLB interest with another strong performance in NPB. Thus far, in two seasons with the Carp, Jackson has logged 130 1/3 innings of relief with a pristine 1.86 ERA, 9.9 K/9 and 2.9 BB/9. Jackson briefly appeared in the Majors with the 2015 Padres and 4.89 ERA in nearly 600 Triple-A innings, though the bulk of those came as a starter.
Reds To Sign Daniel Wright
The Reds have agreed to a minor-league deal with righty Daniel Wright, according to SB Nation’s Chris Cotillo (via Twitter). It seems reasonable to anticipate that he’ll receive an MLB camp invite, though that’s not yet clear.
Wright, 26, has worked to a 5.61 ERA with 4.9 K/9 and 2.4 BB/9 over 59 1/3 MLB innings in the prior two seasons. All of those outings came with the Angels, who claimed Wright from Cincinnati — the organization that originally drafted him — in early September of 2016.
All in all, it was a tough 2017 campaign for Wright, who sits at only about 90 mph with his fastball but works in three offspeed offerings (a change, slider, and curve) with regularity. He logged 92 2/3 innings at Triple-A, almost entirely as a starter, but was torched for a 6.99 ERA and managed only 5.9 K/9 with 3.4 BB/9.
Diamondbacks Re-Sign Jake Buchanan
The Diamondbacks have agreed to a minors pact with righty Jake Buchanan, per a club announcement. (H/t Chris Cotillo of SB Nation for the heads up.)
Buchanan, 28, has seen time in each of the past four MLB campaigns, though he has made just 29 appearances in that span. In 64 2/3 total frames, Buchanan owns a 4.73 ERA with 4.6 K/9 and 3.3 BB/9.
In 2017, Buchanan opened at Triple-A with the Cubs, was claimed by the Reds, and ultimately took the ball a few times in the majors with Cincinnati. After being designated for assignment, he rejected an outright assignment and ultimately landed in the Arizona organization.
Over 105 2/3 innings at the highest level of the minors in 2017, Buchanan carried a 4.51 ERA with 6.0 K/9 and 2.5 BB/9. That’s a close match for his overall numbers at Triple-A, where he has thrown over five hundred frames in six seasons, with a cumulative 4.39 ERA and 5.9 K/9 against 2.2 BB/9.
Reds Sign Jared Hughes
The Reds announced that they’ve signed right-handed reliever Jared Hughes to a two-year contract with a club option for the 2020 season as well. Hughes, who was non-tendered by the division-rival Brewers earlier this month, is a client of SSG Baseball.
SB Nation’s Chris Cotillo reports that it’s a two-year, $4.5MM contract for Hughes, who will earn $2.125MM in both 2018 and 2019 (Twitter links). The club option is valued at $3MM and comes with a $250K buyout, per Cotillo, who also notes that Hughes can earn up to $750K worth of incentives based on appearances in each year of the contract (including the option year, if exercised). Hughes would take home $100K for reaching 25, 30, 35, 40, 45 and 50 games pitched, and he’ll earn $75K for reaching 55 and 60 appearances as well. For a reliever that has averaged 68 appearances per year over the past four seasons, those incentive packages are highly attainable.
Hughes, 32, has long posted solid run-prevention numbers in the NL Central, combining for 250 1/3 innings of 2.55 ERA ball across four seasons between the Pirates and Brewers from 2014-17. He’s also consistently shown a knack for inducing ground-balls (career 61.2 percent), but a lack of strikeouts has seemingly limited Hughes’ earning potential in recent years.
Hughes has averaged just 5.5 K/9 across the past four seasons and, in addition to being non-tendered by the Brewers, was released by the Pirates in Spring Training 2016. However, a fastball that averaged nearly 94 mph this past season and a healthy swinging-strike rate of 11.6 percent suggest that perhaps he can maintain the improved 7.2 K/9 clip he posted in ’17. Then again, the 2017 season also saw Hughes allow a career-worst 36.7 percent hard-contact rate, which contributed to a respectable but unspectacular .318 wOBA from opposing hitters (though that number was directly in line with expectations based on his batted-ball profile, per Statcast). Certainly, based on today’s contract, the Reds seem to place a higher value on Hughes’ skill set than their two division rivals that have cut Hughes loose over the past two years.
Raisel Iglesias is entrenched in the closer’s role in Cincinnati, but Hughes will join a setup corps that also included right-hander Michael Lorenzen and left-hander Wandy Peralta. Several of Cincinnati’s late-inning spots remain up for grabs, but Hughes seems likely to lock down one of those spots for the foreseeable future.
Photo courtesy of USA Today Sports Images.
Minor MLB Transactions: 12/26/17
Here are the day’s minor moves from around baseball…
- The Rakuten Golden Eagles of Japan’s Nippon Professional Baseball announced Tuesday that they’ve signed former Dodgers farmhand O’Koyea Dickson (English link via the Japan Times). Dickson, 27, made his Major League debut with the Dodgers in 2017 but went hitless in seven trips to the plate. However, he’s compiled a solid .275/.341/.499 batting line with 55 homers and 77 doubles in 1255 plate appearances across parts of three Triple-A seasons. Dickson has played primarily first base in the minors (3230 innings), but he also comes with nearly 1200 innings of experience in left field. The Eagles announced him as an outfielder, so it seems that’s how he’ll be viewed in his first year of action overseas.
International Notes: Huff, Kim
While it’s been slow on the free-agent front in the North America, plenty of recognizable names have been landing deals overseas in Japan and Korea. A couple of notes on the international market as the holiday season is in full swing…
- Lefty David Huff has agreed to a one-year, $1.3MM deal with the Yakult Swallows in Japan’s Nippon Professional Baseball, according to the Japan Times. The 33-year-old last suited up in the Majors for the 2016 Angels but spent parts of eight seasons in the bigs, posting a 5.17 ERA with 5.4 K/9, 3.0 BB/9 and a 38.8 percent ground-ball rate in 393 1/3 innings, spending time as both a starter and a reliever. Since his last big league appearance, Huff has been thriving with the LG Twins of the Korea Baseball Organization, pitching to a 2.66 ERA with 6.5 K/9 against 1.0 BB/9 in 199 1/3 innings in an extremely hitter-friendly setting.
- Though Hyun Soo Kim recently signed a four-year contract to return to the KBO (worth a total of $10.7MM), the 29-year-old said at his introductory press conference with the LG Twins that he’s not totally closed off to taking another shot at the Majors if the opportunity presents itself (link via Jee-ho Yoo of the Yonhap News Agency). Kim also spoke highly of his time in the Majors and the amount that he learned playing in parts of two seasons with the Orioles and Phillies. “[T]he biggest lesson is that I realized the importance of routines,” said Kim. “I thought I had built a solid routine myself, but it was nothing compared to what the big leaguers were doing. I thought players who stuck to their routines were always able to get out of their slumps quickly.” Yoo also “marveled” at the manner in which big league players took care of their bodies, Yoo writes, and offered a candid assessment of his time in the Majors. While he attributes many of his struggles to a lack of regular playing time, he takes responsibility for his lack of at-bats. “I didn’t play well when I did have my opportunity,” said Kim. “So it’s on me.”
Minor MLB Transactions: 12/23/17
We’ll use this post to keep track of teams’ minor moves throughout the day…
- Infielder Matt Dominguez has agreed to a one-year deal with the Chiba Lotte Marines of Nippon Professional Baseball, Steve Adams of MLBTR reports (on Twitter). Once a highly regarded prospect, the 28-year-old Dominguez hasn’t panned out in the bigs since debuting with the Marlins in 2011. He spent all of last year with Boston’s Triple-A affiliate and hit .264/.295/.425 with 16 home runs in 451 plate appearances.
Earlier updates
- The Rockies have agreed to terms on a minor-league pact with Dante Bichette Jr., whose father was a four-time Rockies All-Star. News of the pact was originally reported by Matt Kardos at Pinstripe Prospects, and later confirmed by the elder Dante Bichette (via Thomas Harding of MLB.com). Bichette Jr. began his career in promising fashion after the Yankees made him a supplemental first round pick in the 2011 draft; the third baseman hit .342/.446/.505 with the Yankees’ Rookie league affiliate. However, he’s never quite managed to replicate that success at any other level of the minors. As such, Bichette Jr. has yet to reach Triple-A. Most recently, he hit .262/.352/.352 with the Trenton Thunder (Double-A affiliate of the Yankees) in 2017.
Indians Sign Yonder Alonso
Dec. 23, 10:32am: Jordan Bastian of MLB.com provides some additional details on Alonso’s 2020 option. It’s reportedly a $9MM vesting option that vests following a successful physical after 2019, on the added condition that he makes 550 trips to the plate during the 2019 season, or accumulates 1,100 PA combined across the 2018-2019 campaigns. In line with previous reports, the option becomes a $9MM club option with a $1MM buyout if the vesting criteria aren’t met.
9:32am: The Indians have officially announced the signing.
Dec. 21: MLB.com’s Mark Feinsand tweets that Alonso will earn $7MM in 2018 and $8MM in 2019. The vesting/club option comes with a $1MM buyout.
Dec. 20, 8:55pm: It’s a two-year deal that comes with a $16MM guarantee, according to Ken Rosenthal of The Athletic (Twitter link). There’s also an $8MM vesting option for a third season.
8:38pm: The Indians have agreed to a deal with free-agent first baseman Yonder Alonso, reports Bob Nightengale of USA Today Sports (via Twitter). Alonso is a client of MVP Sports.
Alonso, 31 in April, will step into the void that was created when longtime Indians first baseman Carlos Santana signed a three-year, $60MM contract with the Phillies. The former first-round pick and top prospect just wrapped up a career year in which he slashed .266/.365/.501 with a personal-best 28 home runs — shattering his previous highwater mark of nine long balls in a season. That quality season landed him 22nd on MLBTR’s list of the top 50 free agents, with a prediction of a two-year, $22MM contract.
Alonso was, for much of the 2017 season, the poster boy for the “fly-ball revolution,” as he made a concerted effort to lift the ball and experienced great success with that newfound approach in the season’s first half. Through 298 plate appearances prior to the All-Star break, Alonso sported a 48.7 percent fly-ball rate and batted a hefty .275/.372/.562 despite playing his home games in Oakland’s cavernous Coliseum. Alonso’s fly-ball rate fell to 36.1 percent in a second half that was far more pedestrian, though his post-break output of .254/.354/.420 was still generally solid.
Overall, Alonso’s average exit velocity (89.2 mph) was comfortably among the top quarter of hitters in the league (min. 100 batted ball events), and his 36 percent hard-contact rate ranked 47th among 144 qualified MLB hitters. That uptick in power for Alonso came at the cost of his previously excellent contact skills, as he whiffed in a career-worst 22.6 percent of his plate appearances this past season (though that mark comes in barely north of the league average 21.2 percent for non-pitchers). Even if there’s some regression in terms of his power, Alonso has long shown a penchant for getting on base, with a career walk rate just under 10 percent — including a strong 13.1 percent walk rate in 2017.
Of course, while Alonso enjoyed a terrific overall year at the plate in ’17, he’s not without his warts. His strong offensive production was in some part due to the fact that both the A’s and Mariners shielded him from facing left-handed pitching; Alonso absolutely clobbered righties (.283/.384/.519) but struggled to hit for average and get on base against fellow lefties, as evidenced by a .181/.263/.417 slash in just 72 plate appearances. In his career as a whole, Alonso has batted just .234/.303/.349 against same-handed opponents.
[Related: Updated Cleveland Indians depth chart]
On the plus side for Cleveland, they have a ready-made platoon partner in the form of Edwin Encarnacion. While Encarnacion will obviously be in the lineup on a regular basis as the team’s DH, he can also shift to first base on days when the Indians face a left-handed starter, should skipper Terry Francona ultimately decide to keep Alonso out of the lineup for those matchups. That’d free the DH slot to keep other regulars fresh, or it could allow the Indians to sign a right-handed-hitting outfielder/first baseman to occupy a reserve role on the bench.
Cleveland currently has righty bats Brandon Guyer, Erik Gonzalez and Giovanny Urshela ticketed for bench spots, though president of baseball operations Chris Antonetti, GM Mike Chernoff and the rest of the staff may yet look to augment the team’s stock of reserve options.
As far as his defense is concerned, Alonso doesn’t stack up to the stellar work that Santana provided in 2017. Alonso rated as an above-average defender at first base per both Defensive Runs Saved and Ultimate Zone Rating each season of his career up until the 2016 campaign. Both metrics pegged him slightly below average in ’16, and while UZR had him only slightly below average again in 2017 (-2.8), DRS graded him out at -9.
Alonso becomes the fourth first baseman to come off the board in the past week — the latest domino in a market for position players that is slowly beginning to pick up after a largely stagnant offseason. Beyond the agreements for Alonso and Santana, the Red Sox announced yesterday that they’ve re-signed Mitch Moreland on a two-year deal, while the Nationals earlier today reportedly agreed to terms on a one-year deal with Matt Adams. With that group now off the board, Eric Hosmer, Logan Morrison and Lucas Duda are the most notable names remaining on the free-agent market for first basemen.
Photo courtesy of USA Today Sports Images.
International Signings: 12/23/17
Let’s check in on a few notable international signings that have just gone down …
- The Yankees have struck agreements with two Venezuelan talents, according to Ben Badler of Baseball America. With cash still left to spend after missing out on Shohei Ohtani, the Yanks are moving to bring in another big haul of talent from Latin America. Outfielder Raimfer Salinas and catcher Antonio Cabello will join an already strong haul from the current July 2nd class. Per BA’s rankings, these two are the 11th and 15th-best players available, respectively, leaving the Yankees with five of this year’s top twenty talents.
- Another spurned Ohtani suitor, the Rangers, has found another investment opportunity with some of its funds. The Texas organization has added shortstop Osleivis Basabe out of Venezuela, Badler also reports. Basabe, who has a few family members already playing in affiliated ball, is said to be a quality athlete with excellent speed and a good arm. Though Basabe ranked as only the 46th player on the BA board due to questions about his hitting acumen, Badler says he has shown well in winter ball action.
- It seems the Twins have finalized a deal with Taiwanese righty Kai-Wei Teng. That agreement was first reported by LaVelle E. Neal III of the Star-Tribune and was noted as going in the books recently on Twitter by MLB.com’s Rhett Bollinger. The 19-year-old is said to be receiving a bonus in the $500K range.