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Athletics Sign Luis Severino

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TODAY: Jon Heyman of the New York Post (via Bluesky) has the breakdown of Severino’s contract.  The $10MM signing bonus is broken up at $5MM next month and $5MM in January 2026.  The righty will earn $15MM this season and $20MM in 2026, so his player option for the 2027 season is worth $22MM.  Severino will also get a $500K assignment bonus in the event of a trade.

DECEMBER 6: The A’s are ready to spend some cash, announcing Friday that they’ve signed free agent righty Luis Severino to a three-year deal — the third year of which is a player option. Severino, a client of Klutch Sports, will reportedly be guaranteed $67MM, to be paid out in the form of a $10MM signing bonus and $57MM in salary over the three seasons. He can opt out of the contract after year two and become a free agent once again in the 2026-27 offseason.

It’ll register as a shock for many to see the nomadic A’s, who will play next year in West Sacramento’s Sutter Health Park (home to the Giants’ Triple-A affiliate), land a notable free agent with a hefty multi-year deal. They’re in the process of relocating to Las Vegas and have been aggressively pursuing free agents in an effort to boost a payroll that entered the offseason without a single contract on the books in 2025. Some free agents — Walker Buehler among them — have entirely dismissed the notion of playing in a minor league facility. Still, with a reported target payroll in the $100MM range, there’s long been a possibility for the A’s to be a surprise player in free agency. MLBTR’s Darragh McDonald explored just such a possibility at length last month.

The general thinking has been that the A’s will need to overpay in order to pursue top-end free agents this winter. The terms of Severino’s contract indeed suggest a clear willingness to spend well beyond market expectations in order to lure free agents to their new home. Severino’s deal includes both a larger guarantee than most anticipated and an opt-out opportunity. Because he rejected a qualifying offer from the Mets, Severino will cost the A’s their third-highest pick in next year’s draft. He’ll also net the Mets a compensatory pick, albeit only between the fourth and fifth rounds because of their status as a luxury tax payor.

The $100MM target payroll likely stems from the Athletics’ status as a revenue-sharing recipient. The franchise was stripped of its revenue-sharing benefits last decade after failing to sufficiently utilize those funds to improve the on-field product, as is a stipulated requirement. The 2022-26 collective bargaining agreement restored the A’s as a revenue-sharing recipient, and they’ve since spent modestly in free agency to keep payroll at least in step with the other lowest-spending clubs in the league. The deal with Severino signals a willingness to spend a bit beyond that point. It is, incredibly, the largest contract in franchise history, nominally surpassing the six-year, $66MM contract extension signed by third baseman Eric Chavez more than two decades ago.

[Related: The Largest Contract In Franchise History For Each MLB Team]

Severino, 31, will immediately jump to the top of the A’s rotation. He’s likely ticketed for their Opening Day start, barring another notable acquisition via free agency or trade. He’ll lead a staff that currently projects to also include JP Sears, Mitch Spence and Joey Estes. The A’s have a variety of in-house candidates for the fifth spot, though the Severino deal rather obviously opens the door for GM David Forst to sign/trade for another starter of note to further solidify the bunch.

Severino, of course, looked the part of a budding ace for the Yankees in 2017-18 when he posted 384 2/3 innings with a 3.18 ERA, 28.8% strikeout rate, 6.2% walk rate and 45.8% grounder rate in his age-23 and age-24 seasons. The flamethrowing righty averaged better than 97 mph on his heater, recorded a hefty 12.7% swinging-strike rate and generally had the makings of a star. The Yankees agreed, signing him to a four-year, $40MM extension with an option for a fifth season.

That deal bought out all of Severino’s arbitration years and his first free-agent season. At the time, some thought a pitcher with his upside and demonstrated excellence to date was perhaps selling himself short. In the long run, it worked out wonderfully, as injuries frequently kept Severino off the field and rendered him a shell of his former self when healthy enough to take the mound. From 2019-23, Severino managed only 209 1/3 innings in the majors, dealing with multiple lat strains and requiring Tommy John surgery along the way. His 2023 campaign included 89 1/3 frames with a 6.65 ERA.

The 2024 season marked a resurgence for Severino, who inked a one-year, $13MM deal with the Mets on the heels of that injury-plagued finish to his Yankees tenure. The right-hander’s 182 innings nearly matched his total over the five prior calendar years. He logged a 3.91 ERA with a below-average but passable 21.2% strikeout rate and a strong 7.6% walk rate. His 46% ground-ball rate, while not elite, was comfortably north of league average.

At the same time, Severino simply wasn’t the dominant force he was earlier in his career. His average fastball with the Mets was about 1.5 mph off from its peak levels. His 9.4% swinging-strike rate was decidedly below-average — a near mirror-image of his 9.1% mark in that disastrous 2023 season and nowhere close to his career-best 13.3% rate. Opponents made contact on just 81.9% of Severino’s pitches within the strike zone in 2017-18 — league-average was 84.7% — but did so at a whopping 88.2% clip in 2024 (when the league average was 85.2%).

When the Mets signed Severino to his one-year deal, it had the makings of an upside play on a former front-of-the-rotation arm. Last year’s rebound showed that he was healthy but also seemed to further support the notion that his prior ace-caliber form is in the rearview mirror. Severino now has the feel of a third or fourth starter, making his $22.333MM annual salary and an opt-out rather jarring.

Many pundits thought Severino could have — and should have — accepted the Mets’ $21.05MM qualifying offer; he and his agents deserve credit for not simply eclipsing that guarantee in notable fashion but surpassing that number on an annual basis over a lengthy deal that affords him another bite at free agency in the 2026-27 offseason. The contract tops recent guarantees for Chris Bassitt, who was seen as a steady and dependable No. 2-3 arm, and Yusei Kikuchi, whose torrid finish with the Astros made him one of the most sought-after pitchers on this offseason’s market. Both pitchers signed for $63MM over the same three-year term.

For the A’s, a commitment this weighty was likely deemed a necessity to land a mid-rotation arm whose velocity and ground-ball tendencies perhaps create some hope that he can still eke out some incremental improvements over his 2024 form. That said, there’s quite a bit of injury risk still associated with Severino, and fielding-independent metrics like FIP (4.21) and SIERA (4.22) were actually more bearish on his 2024 performance than his already solid-but-unspectacular earned run average. There’s little doubt he improves the club and shows that the A’s are serious about spending this winter, but it’s a steep price to pay when taken in totality.

Severino will nevertheless add some credibility to a rotation that was largely lacking it. And the A’s, with a burgeoning core of quality players — Brent Rooker, Mason Miller, JJ Bleday, Lawrence Butler, Shea Langeliers — could hope that a few subsequent additions and strides from young talents like Jacob Wilson, Tyler Soderstrom and Zack Gelof might help them exceed expectations sooner than most thought possible.

ESPN’s Jeff Passan first reported that the two sides agreed to a three-year, $67MM deal. Yahoo’s Russell Dorsey reported the signing bonus. Passan added details on the opt-out.

Pirates Acquire Spencer Horwitz From Guardians

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The Pirates announced the acquisition of first baseman/second baseman Spencer Horwitz from the Guardians for a three-player package: righty Luis Ortiz and left-handed pitching prospects Josh Hartle and Michael Kennedy. Cleveland dealt Horwitz within hours of acquiring him from the Blue Jays in this afternoon’s Andrés Giménez deal.

Horwitz, 27, looks as if he’ll get a crack at Pittsburgh’s starting first base job. He would’ve been an imperfect fit on a Cleveland team that already has Josh Naylor and Kyle Manzardo. There’s a much clearer path to playing time in Pittsburgh. The Bucs used Rowdy Tellez as their primary first baseman for most of the ’24 season. He didn’t perform well and was cut loose at the end of the year.

The lefty-hitting Horwitz has shown offensive promise both in Triple-A and the big leagues. He turned in an impressive .265/.357/.433 batting line over 381 plate appearances this year. Horwitz picked up 12 homers and 19 doubles while showing excellent strike zone awareness. He walked at an 11% clip while striking out 18.4% of the time.

Horwitz has a stellar minor league track record. He’s a career .316/.433/.471 hitter with nearly as many walks as strikeouts in 208 Triple-A games. He clearly has offensive ability, but he’s yet to get a full MLB run because of a lack of defensive value. Horwitz has been a first baseman for most of his minor league career. His 5’10” frame and hit-over-power approach are rare at that position. Toronto used him as part of their second base mix as well, but teams don’t seem to view him as an everyday player there.

The Bucs don’t have a great option at second base either. Nick Gonzales is the in-house favorite on the heels of a pedestrian .270/.311/.398 showing. The Pirates will probably stick with Gonzales at the keystone and use Horwitz at first, but the latter is at least capable of kicking over to second base as a fill-in option.

Horwitz has yet to reach a full year of MLB service. He’s under club control for six years. He’ll very likely be eligible for arbitration after two seasons as a Super Two qualifier, but the Bucs will get a couple years of what they hope is a plug-and-play first baseman on roughly league minimum salaries. It’s questionable whether Horwitz has sufficient power to profile as an everyday option. If he hits his ceiling, he’d probably project as a LaMonte Wade Jr. type who gets on base enough to be a solid regular. Pittsburgh’s first-year hitting coach Matt Hague worked for Toronto in recent years and is surely bullish on Horwitz’s offensive acumen.

Ortiz is the only member of the trio heading to Cleveland who has MLB experience. The 25-year-old righty has pitched in a swing role over the past couple years. Ortiz struggled over his first two seasons but turned in a quietly strong ’24 campaign. He started 15 of 37 appearances and logged 135 2/3 innings of 3.32 ERA ball. Ortiz managed solid results no matter what role he was asked to play. He turned in a 3.22 mark out of the rotation while allowing 3.49 earned runs per nine in relief.

The underlying profile didn’t match the strong ERA. Ortiz neither gets ground-balls nor strikeouts at high rates. His 8.8% swinging strike percentage was well below average. To his credit, Ortiz did take a major step forward with his control this year. After walking at least 12% of opponents in his first two seasons, he limited the free passes to a 7.6% clip.

Ortiz will have a tough time repeating this year’s success unless he finds a way to miss more bats. That’s not out of the question, as he has intriguing raw stuff. Ortiz sits in the 95-96 MPH range with both his four-seam and sinking fastball. He found a lot of success with a mid-80s slider that served as his top secondary offering. If he can sustain this year’s command while finding a better swing-and-miss pitch, he’d have a shot to be a mid-rotation arm. If not, he could find himself back in the bullpen as a long reliever.

The Guardians have a solid track record of pitching development, but they’re thin in the rotation for the second straight season. Tanner Bibee is the only lock for their season-opening rotation. Gavin Williams and Ben Lively will probably occupy back-end roles. Ortiz has a decent shot of cracking the front five, which would also include one of Triston McKenzie, Logan Allen or Joey Cantillo if they don’t make any further additions. Shane Bieber re-signed and could factor in by May or June as he works back from Tommy John surgery.

It’s still a relatively weak group, but the Guardians papered over a poor rotation by relying on a dominant bullpen this past season. While they’ll likely need to do so again, Cleveland could add at least one more starter via free agency or trade. Pittsburgh has a lot of upper level pitching talent, so Ortiz would’ve had an uphill battle to hold off arms like Thomas Harrington and Bubba Chandler for a rotation spot.

Ortiz lands between one and two service years. He’s at least one season from arbitration and could find himself on the border of Super Two eligibility next winter. Regardless of whether he gets to arbitration early, he won’t become a free agent for five seasons.

The Bucs also pay a bit of a prospect price to even the deal. Hartle was Pittsburgh’s third-round pick this summer. The Wake Forest product entered the spring as a potential first-round talent before struggling to a 5.97 ERA in his junior season.

Baseball America wrote in their draft report that Hartle has good command with fringy stuff. He sits in the low 90s with roughly average secondary pitches. It’s not the highest-upside profile on paper, but this is the type of arm with whom the Guardians’ player development department has thrived. Bibee and Bieber were also command-oriented college draftees whose stuff didn’t take off until they got into pro ball. While that’s certainly not a guarantee that Hartle will progress the same way, it’s not a surprise that he’s of interest to Cleveland.

Kennedy, 20, was a fourth-round pick out of a New York high school in 2023. He made 18 appearances in the low minors this year, working to a 3.66 ERA with a near-28% strikeout rate over 83 2/3 frames. As with Hartle, he draws praise for his athleticism and control but has subpar velocity. They’re each developmental fliers who have a shot to stick as starters if their stuff comes along.

Ken Rosenthal of the Athletic first reported the Pirates were acquiring Horwitz. Mark Feinsand of MLB.com had the return going to Cleveland. Ben Nicholson-Smith of Sportsnet suggested earlier this evening that Horwitz might end up being flipped to Pittsburgh. Images courtesy of USA Today Sports.

Pirates, Elvis Alvarado Agree To MLB Deal

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The Pirates are in agreement with reliever Elvis Alvarado on a major league split contract, reports Noah Hiles of the Pittsburgh Post-Gazette (X link). The righty gets a 40-man roster spot with the Bucs, a notable development for a minor league free agent.

Alvarado secures a 40-man spot for the first time in his career. The 6’4″ righty has bounced around in minor league free agency. He has appeared in the Nationals, Mariners, Tigers and Marlins systems. Alvarado spent most of the ’24 campaign in Triple-A with Miami. He had a strong season, working to a 2.79 ERA in 48 1/3 innings. He struck out a third of opponents but walked an untenable 18% of batters faced.

The Bucs are clearly intrigued by Alvarado’s swing-and-miss ability. His command remains a serious work in progress. There’s not a ton of downside for Pittsburgh, which has a handful of open 40-man spots. Alvarado has a full slate of minor league options and will probably begin the season at Triple-A Indianapolis. The split deal means he’s paid at differing rates for his MLB and minor league work. He’ll very likely be paid around the MLB minimum for whatever time he spends at PNC Park.

Blue Jays Acquire Andres Gimenez

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The Blue Jays and Guardians are in agreement on a four-player trade sending second baseman Andrés Giménez to Toronto. The Jays get Giménez and reliever Nick Sandlin for infielder Spencer Horwitz and outfield prospect Nick Mitchell. No cash is changing hands, so the Jays are absorbing the final five years of the Giménez contract.

It’s the first out of nowhere trade of the Winter Meetings. While it’s never a complete shock to see Cleveland deal a high-priced player, there hadn’t been much to suggest they were shopping their Gold Glove second baseman. Giménez appeared to be a core piece since he signed one of the biggest contracts in franchise history just two seasons back: a seven-year, $106.5MM extension.

Instead, the defensive stalwart is on the move for the second time in his career. Giménez began his career with the Mets, where his well-rounded profile made him one of the system’s top prospects. Cleveland acquired him alongside Amed Rosario as the key pieces in their return for Francisco Lindor and Carlos Carrasco during the 2020-21 offseason.

Giménez struggled during his first year in Cleveland, but he had a breakout showing in 2022. He played plus defense to win his first Gold Glove. Giménez also turned in an impact season at the plate, hitting .297/.371/.466 with 17 homers across 557 plate appearances. He was a deserved All-Star and finished sixth in MVP balloting in the American League.

Following that breakout season, the Guardians signed Giménez to the aforementioned extension. It remains the second-largest investment in the organization’s history, not too far behind the $124MM deal which José Ramírez inked the preceding spring. Cleveland surely envisioned building their long-term infield around that duo.

That’s not quite how things played out, as Giménez’s bat has taken a step backward. The Guardians probably didn’t expect him to repeat the offensive production he managed in 2022. He had a lofty .353 average on balls in play that would be hard to maintain, nor was he likely to be hit by as many pitches (an AL-high 25) as he’d been that year. Giménez’s numbers probably dropped off more sharply than Cleveland anticipated, though, as he has been a below-average hitter in consecutive seasons.

In 2023, the lefty-swinging Giménez hit .251/.314/.399 with 15 homers across 616 plate appearances. He improved his contact skills but saw his walk rate and power numbers take a step back. Those trends continued this year. Giménez managed just nine homers in 633 trips to the plate. He kept his strikeout rate to a tidy 15.3% clip but drew walks at a career-low 4.1% mark. He wrapped up the year with a middling .252/.298/.340 slash — his weakest offensive output over his three full seasons in Cleveland.

Despite the concerning offensive trends, Giménez remains a valuable all-around player. He has stolen 30 bases in consecutive seasons and is a good overall baserunner. He hasn’t had an injured list stint since 2020 and has topped 140 games in each of the last three seasons. Most significantly, he’s the sport’s best defensive second baseman. Giménez has been named the AL’s Gold Glove winner in three straight years. He has racked up 59 Defensive Runs Saved over that stretch. That’s well above Marcus Semien’s 37 mark that ranks second at the position. Statcast’s Outs Above Average doesn’t point to quite as big a discrepancy (49 to 40), but both metrics consider Giménez the game’s best keystone defender.

The Jays have poked around the market at second and third base. They have a handful of young players who are capable of manning one or both of those positions — Ernie Clement, Will Wagner, Joey Loperfido, Addison Barger, Orelvis Martinez and Leo Jiménez among them — but it’s a group light on MLB experience. Giménez has a much higher floor in the middle infield. He’ll play second base for at least the upcoming season. That’s probably his long-term home, though he could be an answer at shortstop if Bo Bichette walks next offseason. Giménez came up as a shortstop. He hasn’t played there since 2022, but he’s an athletic enough defender that he could probably handle the position.

The Jays are taking on a decent chunk of money to make that happen. Giménez is under contract for at least the next five seasons. He’ll make $10MM next year, $15MM in ’26, and $23MM annually for the final three guaranteed years. There’s a $23MM club option for the 2030 campaign that comes with a $2.5MM buyout. The deal also calls for a $1MM assignment bonus in the event of a trade. Including that bonus, Giménez is guaranteed $97.5MM for his age 26-30 campaigns. RosterResource calculates the Jays’ projected luxury tax number around $229MM, putting them roughly $12MM below next year’s base threshold.

Toronto also deepens a subpar middle relief group with the Sandlin acquisition. The low-slot righty has a solid track record over four years in the big leagues. Sandlin, who turns 28 next month, carries a 3.27 earned run average across 195 1/3 career innings. Despite a pedestrian 92-93 MPH fastball, he has shown the ability to miss bats. Sandlin carries a career 27.7% strikeout rate, which he essentially matched over 57 2/3 frames this past season.

The Southern Miss product has middling control. Sandlin walked 11% of batters faced this year, right in line with his 11.4% overall walk percentage. That’ll probably keep him in the middle innings rather than leverage work, but Sandlin’s four-pitch mix has helped him avoid the platoon issues that plague many ’pen arms. The Jays are desperate for any kind of reliability in the bullpen. Only the Rockies had a worse relief group this year. Toronto subsequently moved on from Jordan Romano, Génesis Cabrera and Dillon Tate. They’re in agreement to bring Yimi García back on a two-year free agent deal, but they could use as many as four or five relief acquisitions this winter.

Sandlin has a little less than four years of MLB service. He’s entering his second of four arbitration seasons after qualifying early as a Super Two player. MLBTR contributor Matt Swartz projects him for a $1.6MM salary next year. He should remain affordable over his three years of club control.

The biggest appeal for Cleveland is offloading the expensive portion of Giménez’s contract. Horwitz, 27, provides them with an upper level depth infielder. The lefty-hitting Horwitz has shown offensive promise both in Triple-A and the big leagues. He turned in an impressive .265/.357/.433 batting line over 381 plate appearances this year. Horwitz picked up 12 homers and 19 doubles while showing excellent strike zone awareness. He walked at an 11% clip while striking out 18.4% of the time.

Horwitz has a stellar minor league track record. He’s a career .316/.433/.471 hitter with nearly as many walks as strikeouts in 208 Triple-A games. He clearly has offensive ability, but he’s yet to get a full MLB run because of a lack of defensive value. Horwitz has been a first baseman for most of his minor league career. His 5’10” frame and hit-over-power approach are rare at that position. The Jays used him as part of their second base mix as well, but teams don’t seem to view him as an everyday player there.

The lack of defensive flexibility made Horwitz a tough fit on a team with Vladimir Guerrero Jr. He’s similarly squeezed in Cleveland. Josh Naylor would be the first baseman if he’s not traded. Kyle Manzardo could take over even if the Guardians move Naylor. Horwitz still has a minor league option, so he could go back to Triple-A, but he has nothing left to prove there offensively. It’d be a surprise if a Cleveland team that emphasizes infield defense is willing to use him as their regular second baseman. Ben Nicholson-Smith of Sportsnet tweets that Horwitz might end up being flipped to a third team.

In any case, the Guardians will need to find a new second baseman. Juan Brito is on the 40-man roster and hit .256/.365/.443 during his age-22 season in Triple-A. He’s a potential regular, though there’d be risk for Cleveland in relying on a player who has yet to make his MLB debut. The Guards could pursue a stopgap via free agency or trade if they want to add some stability coming off a division title. Over the longer term, the move opens second base for this year’s first overall pick Travis Bazzana. The Oregon State product profiles as a quick-moving second baseman who could get to the majors by the end of next season if all goes well.

Mitchell, a 21-year-old outfielder, rounds out the return. Toronto just drafted the Indiana product in the fourth round. A left-handed batter, Mitchell hit .289/.350/.467 in 22 games as a college draftee in Low-A. Baseball America wrote in its draft report that Mitchell had good contact skills and above-average speed that gave him a shot to stick in center field. He probably projects as a fourth or fifth outfielder.

Jeff Passan of ESPN first reported the Jays and Guardians were finalizing a Giménez deal. Kiley McDaniel of ESPN was first with Horwitz’s inclusion. Ken Rosenthal of the Athletic had Sandlin going to the Jays, while Ben Nicholson-Smith of Sportsnet was first to report the full trade and the absence of cash considerations.

Images courtesy of USA Today Sports.

Tigers Designate Akil Baddoo For Assignment

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The Tigers formally announced their previously reported signing of right-hander Alex Cobb this evening. In a corresponding move, outfielder Akil Baddoo was designated for assignment as noted by MLive’s Evan Woodbery.

Baddoo, 26, was a second-round pick by the Twins back in 2016. The outfielder’s major league career wouldn’t begin until 2021, after he was selected by the Tigers in the 2020 Rule 5 Draft. That first taste of big league action went remarkably well for the youngster, as he slashed an impressive .259/.330/.436 with a 108 wRC+ in 124 games for Detroit while splitting time between left field and center. Baddoo’s 26.5% strikeout rate was somewhat elevated, but he made up for it by walking at a healthy 9.8% clip and clubbing 13 homers, seven triples, and 20 doubles while swiping 18 bases during his rookie season.

That combination of power and speed was tantalizing enough that the Tigers stuck with Baddoo on a part-time basis despite lackluster numbers at the plate. Between the 2022 and ’23 season, he hit just .212/.302/.331 (80 wRC+) in 582 combined trips to the plate. While he went a decent 23-for-32 on the bases in those years, his power evaporated as he posted a combined isolated slugging percentage of just .119, down from the solid .177 figure of his rookie campaign. That downturn in performance in conjunction with the emergence of exciting outfield options like Riley Greene and Kerry Carpenter from the Detroit farm system left Baddoo with fewer and fewer big league opportunities as his time in the organization continued.

That dwindling playing time in Detroit came to a head in 2024, as after a winter that saw the Tigers add Mark Canha to the lineup and a phenomenal Spring Training performance from Wenceel Perez, Baddoo found himself as the odd man out on Opening Day. Baddoo was optioned to the minors and ended up spending the overwhelming majority of his 2024 campaign at Triple-A. He made just 82 trips to the plate in the big leagues this past year and struggled badly in that limited time with a .137/.220/.301 slash line and a 32.9% strikeout rate. The Tigers kept him on the roster through last month’s non-tender deadline despite Baddoo being projected by MLBTR contributor Matt Swartz for a $1.6MM salary in his second trip through arbitration, but he’s now lost his 40-man roster spot with the club nonetheless.

Looking ahead, any club in the league will now have the opportunity to claim Baddoo off waivers if the Tigers don’t work out a trade for him within the next few days. The 26-year-old’s combination of youth and past big league success could make him an intriguing option for outfield-needy clubs, although his recent struggles and arbitration-level price tag could turn some potential suitors away.

Giants Sign Willy Adames

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The Giants officially have their new shortstop. San Francisco finalized their seven-year, $182MM contract with Willy Adames this afternoon. The CAA client will be introduced at Oracle Park on Thursday. The deal, which is the largest in Giants history, reportedly contains a $22MM signing bonus and a full no-trade clause. There is no deferred money on the contract. Adames will make $10MM in the first two seasons of the deal and $28MM in the final five.

Adames, 29, was the top shortstop available on the market this winter and goes to a team that has been candid about its desire to upgrade at the position this winter. They’ve now done so by bringing in one of the league’s steadiest players on both sides of the ball to handle the position.

Adames has been worth at least 3.1 fWAR and 3.0 bWAR in each of his five full, 162-game seasons in the majors thanks to that consistency. A career 109 wRC+ hitter who slashed a strong .251/.331/.462 (119 wRC+) with Milwaukee in 2024, the addition of Adames as a middle-of-the-order bat should help improve a Giants offense that managed just a 98 wRC+ last year.

While San Francisco’s 112 wRC+ at shortstop last year a strong figure, much of that production was thanks to multi-positional bat Tyler Fitzgerald, who took over the position down the stretch but was a lackluster defender with a -4 in Outs Above Average last year. Adames was only worth a +1 figure by OAA last year but posted excellent +16 and +10 figures in the metric in 2022 and ’23 and should be a major upgrade to the club’s defense who forms a dynamic tandem with third baseman Matt Chapman on the left side of the infield. That combination of above-average offense and defense at a premium position on the diamond was enough to make Adames the #5 ranked free agent on MLBTR’s annual Top 50 MLB Free Agents list last month, where we predicted a six-year $160MM deal for the shortstop.

Adames managed to top that prediction by one year and $22MM, which isn’t necessarily a major shock given the thin infield market and Adames’s wide range of suitors. The Yankees, Phillies, Astros, Braves, Blue Jays, and Red Sox were all linked to Adames in recent weeks, and a handful of those suitors were seemingly drawn in by his willingness to move off of shortstop in order to facilitate a deal. That made him a particularly attractive option for clubs like the Yankees and Astros, for whom a potential position change made Adames an interesting “Plan B” option should they fail to re-sign incumbent sluggers Juan Soto and Alex Bregman given their apparent comfort with incumbent shortstop Anthony Volpe and Jeremy Pena.

Ultimately, however, Adames has landed with a club that figures to play him at shortstop on a daily basis. Fitzgerald, who slashed .280/.334/.497 (132 wRC+) in 96 games with the club last year, seems likely to be in line for the lion’s share of playing time at second base now that he’s been bumped off of shortstop but also has experience at first base and in the outfield that could theoretically lead to a multi-positional role if needed. With former top prospect Marco Luciano as well as youngsters like Heliot Ramos, Luis Matos, and Grant McCray likely to impact the club’s outfield mix next year alongside incumbents Jung Hoo Lee and Mike Yastrzemski, it’s not impossible to imagine the addition of Adames leaving the club more or less set on the positional side.

Even if San Francisco doesn’t make further additions to their hitting corps, questions remain about their plans for the remainder of the offseason. Reporting has previously indicated that the club plans to enter 2025 with a lower payroll than 2024, and RosterResource indicates that signing Adames has left the club with a projected payroll of $180MM for 2025. That’s $26MM below their final estimate for the 2024 season, which would be consistent with a reduction in payroll if the club didn’t make additional moves. The Giants have also featured prominently in the rumor mill for starting pitching this winter, however, and were connected to top free agent starter Corbin Burnes just last week.

Signing Burnes in addition to Adames would surely push their payroll to or even beyond 2024 levels, which would suggest either a reversal regarding their payroll plans or an intention to cut salary elsewhere, perhaps by trading a player such as Yastrzemski or first baseman LaMonte Wade Jr. It’s also worth noting that the Giants are forfeiting their second- and fifth-highest draft picks (as well as $1MM in international bonus pool money) in order to sign Adames. That could make the club hesitant to sign an additional qualified free agent like Burnes in order to preserve their remaining draft capital, or it’s possible that San Francisco could be emboldened to make another qualified signing because the draft penalty becomes relatively less-severe on additional signings. For example, signing Burnes would now cost the Giants only their second- and fifth-highest picks in next year’s draft after accounting for the picks forfeited to sign Adames, meaning they would actually be giving up what were actually their third- and seventh-highest selections in the draft at the start of the offseason.

Jeff Passan of ESPN first reported the Giants and Adames had agreed to a seven-year, $182MM deal that included a $22MM signing bonus. Susan Slusser of the Francisco Chronicle initially reported the sides were making progress. Robert Murray of FanSided reported the no-trade clause and the absence of deferrals. Slusser also first reported the specific annual breakdown.

Tigers Sign Alex Cobb

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The Tigers announced the signing of veteran right-hander Alex Cobb to a one-year, $15MM deal. He’d unlock $1MM bonuses at each of 140 and 150 innings. Detroit designated outfielder Akil Baddoo for assignment in a corresponding move. Cobb is represented by Beverly Hills Sports Council.

The move fits with the Tigers’ recent modus operandi when it comes to rotation building. Since Scott Harris was hired as president of baseball operations in September of 2022, the club has tended towards short-term deals for starting pitchers. Detroit’s first offseason under Harris resulted in one-year deals for Matthew Boyd and Michael Lorenzen. Last winter, it was a one-year deal for Jack Flaherty and a two-year pact for Kenta Maeda.

Going into 2025, it would have been fair to expect more aggression. The Tigers surged in the second half of 2024, making the playoffs or the first time in a decade. They have an exciting core of young players and almost no money on the long-term payroll. Moving to the top tiers or even just to the middle of the rotation market could have been viable, but it was reported in recent days that the Tigers preferred to stick to chasing upside on shorter pacts.

Cobb, 37, is certainly a buy-low move since he’s coming off a mostly lost season. He was with the Giants at the start of the year, recovering from offseason hip surgery. It was initially hoped that he would be recovered from that procedure fairly early in the year but he ended up battling through some shoulder discomfort. He still hadn’t made his season debut when he was traded to the Guardians ahead of the deadline.

With the Guards down the stretch, he was able to get on the mound but also dealt with some fingernail/blister issues that got in his way and sent him back to the injured list twice down the stretch. Cleveland made the postseason regardless and Cobb was activated for the American League Division Series but he was later bumped from the Championship Series roster due to an acute left low back strain.

Around all those injury setbacks, Cobb only made five starts on the year, three in the regular season and two in the playoffs. He only threw 22 innings overall between those five outings, a tiny sample that would be tough to draw meaningful conclusions from.

The Tigers are surely hoping Cobb can bounce back from that tough season, something he’s done before. He was a rotation regular for the Rays over the 2012-14 seasons but then missed all of 2015 and most of 2016 due to Tommy John surgery. He was back on the mound and made at least 28 starts in both 2017 and 2018, but then various ailments limited him to just three starts in 2019.

He wasn’t terribly effective in the shortened 2020 season but went on to have a strong three-year run after that, his most recent stretch of being both healthy and effective. From 2021 to 2023, he made 74 starts and tossed 394 1/3 innings with a 3.79 earned run average. He struck out 22.8% of batters faced in that time, limited walks to a 6.8% clip and and kept 58.1% of balls in play on the ground. Among pitchers with at least 350 innings in that stretch, only Framber Valdez and Logan Webb had better ground ball rates.

The Tigers are obviously hoping that the injuries are behind him and Cobb can get back into that 2021-23 form. There is some risk there, as Cobb is now 37 years old and can’t keep coming back from injuries forever, but he’s done it before and has a long track record. He has 233 starts under his belt overall with a 3.84 ERA.

As Detroit engineered its fairytale finish to the 2024 season, manager A.J. Hinch used the term “pitching chaos” to describe the approach. Thanks to some trades and some injuries, the Tigers were effectively down to just Tarik Skubal as the only regular starting pitcher, otherwise cobbling games together via openers, bulk guys, bullpen games and whatever Hinch could make work.

That did the trick for a while but could be difficult to maintain over an entire 162-game schedule, so bolstering the rotation was a natural target for the Tigers this winter. Skubal and Cobb should have two rotation jobs with Reese Olson in another.

Guys like Maeda, Casey Mize, Jackson Jobe and Matt Manning could be in the mix for roles as well, but there are question marks with each of those. Maeda struggled badly this year and got bumped to the bullpen, finishing the year with a 6.09 ERA. Mize and Manning are former top prospects but with middling results thus far in their careers. Jobe is one of the most exciting young pitchers in the league but only just made his major league debut late in the year and only has two Triple-A starts under his belt.

Perhaps the Tigers will make further additions to that group. Finances shouldn’t be standing in the way. Before factoring in Cobb, RosterResource projects the Tigers for a payroll of just $80MM next year. As mentioned, there’s almost nothing on the long-term books. Cot’s Baseball Contracts had Detroit at $98MM on Opening Day this past year and they’ve been far higher than that in the past.

Though if the recent past in any indication, they’ll be looking to chase upside on fairly modest deals. They’ve been connected to arms like Kyle Gibson, Walker Buehler and Andrew Heaney in recent days, with each of those guys expected to land a one- or two-year deal. For now, the Tigers have added some stability to an area of the roster that was fairly lacking in it.

Ken Rosenthal of the Athletic first reported the Tigers and Cobb had agreed to a one-year deal. Jon Heyman of the New York Post had the financials.

Orioles Sign Tyler O’Neill

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December 10: The Orioles officially announced O’Neill’s signing this afternoon.

December 7: The Orioles are in agreement with outfielder Tyler O’Neill on a three-year, $49.5MM deal according to Jon Heyman of the New York Post. Heyman adds that the Boras Corporation client’s contract comes with an opt-out opportunity following the 2025 season.

O’Neill, 30 in June, entered his walk year having just been shipped from the Cardinals to the Red Sox. While he had earned down-ballot MVP consideration with a fantastic 2021 season in St. Louis, back-to-back down seasons combined with a glut of viable outfield options left O’Neill as the odd man out with the club. He made the most of the situation and carved a regular role for himself in Boston this year, however.

While O’Neill struggled with his health between two trips to the injured list this past year, he performed at a high level when healthy enough to take the field. In 113 games for Boston, he slashed a strong .241/.336/.511 with a 131 wRC+. That production came with an unsightly 33.6% strikeout rate, though O’Neill made up for it somewhat with 31 homers and a 11.2% walk rate.

The outfielder is certainly not without warts. His high strikeout rate is at least somewhat concerning even when factoring in his power and high walk rate, and he also posted a massive platoon split last year. While he put up an incredible 215 wRC+ against left-handed pitching last year, same-handed pitchers held him to below average offense (91 wRC+) overall as he hit just .208/.290/.403 against them. O’Neill’s lengthy injury history is also something of a red flag that could hamper his value in the coming years. Even with those concerns, however, it’s easy to see O’Neill’s fit in Baltimore. The Orioles have a deep position player mix that can help to cover for O’Neill when he’s injured and perhaps even give him occasional days off against tough right-handed opponents.

Meanwhile, O’Neill’s phenomenal numbers against left-handed pitching could provide a massive boost to a heavily left-handed Orioles lineup. Orioles outfielders hit a decent .236/.302/.419 (106 wRC+) against left-handed pitching last year, but much of that production came from Anthony Santander’s 132 wRC+ against southpaws. Santander is now a free agent, leaving the club with the lefty-swinging Colton Cowser, Cedric Mullins, Heston Kjerstad, and perhaps Ryan O’Hearn in their projected outfield mix. All four of those players are left-handed hitters, and Cowser’s 89 wRC+ against lefties last year was the highest mark among the quartet. By adding O’Neill to the mix, the Orioles should be able to help balance an outfield that projected to be well below average against southpaws in 2025.

Notably, they’ve also done so at a far more affordable price tag than they likely would’ve if they simply re-signed Santander. While MLBTR’s #9 free agent on our annual Top 50 MLB Free Agents list was predicted for a four-year, $80MM pact in free agency after slugging 44 homers for the Orioles this year, O’Neill ranked farther down the board at #19 with a projected deal of three years and $42MM. It’s a deal O’Neill managed to beat by a small amount in terms of total guarantee, and he managed to add additional value to his contract by affording himself the opportunity to opt out of the final two years of the deal next winter. If O’Neill manages to stay healthy and replicate his strong production from his time in Boston in 2025, it’s not hard to imagine him re-entering free agency in line for a much more lucrative deal next winter.

In the meantime, O’Neill will provide a veteran presence in a young and exciting Orioles lineup. Baltimore is known to be in the market for a catcher to back up Adley Rutschman at the position and push waiver wire addition Rene Pinto into a depth role, but O’Neill’s signing likely represents the heavy lifting in terms of the club’s offensive upgrades this winter. That doesn’t mean they’re done for the winter, however; the club has long been connected to the market for starting pitching as they look to either reunite with or replace ace hurler Corbin Burnes at the top of their rotation. Aside from that, the club figures to make bullpen additions who can help to replace hurlers Danny Coulombe and Jacob Webb, though the return of closer Felix Bautista from Tommy John surgery in the spring should provide a big boost to the relief corps already.

The club figures to still have resources available to make those additions even after adding O’Neill. RosterResource projects the Orioles for a $114MM payroll in 2025 with O’Neill in the fold. That would not only be a step above last year’s payroll but also the highest payroll the club has put forward since the 2018 season. Of course, the club’s new ownership group led by David Rubenstein has seemed far more open to spending in free agency that the Angelos family was in the final years of their ownership tenure, and the club has been candid about their increased payroll flexibility this winter. The club is likely further emboldened by just how clean their long-term books are: O’Neill’s contract is their first guaranteed money on the books for the 2026 season, with all other payroll commitments coming in the form of arbitration level or pre-arbitration level players.

Orioles Sign Gary Sanchez

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December 10: The Orioles officially announced Sanchez’s signing this afternoon.

December 7: The Orioles have agreed to a one-year deal with catcher Gary Sanchez, according to a report from Jon Heyman of The New York Post, who adds that the deal guarantees Sanchez $8.5MM. Sanchez is represented by MDR Sports Management.

Sanchez, who celebrated his 32nd birthday earlier this week, returns to the AL East after spending the first seven seasons of his MLB career with the Yankees. The first few years of his career saw him establish himself as one of the better offensive catchers in baseball with a .246/.328/.518 slash line in 327 games through the end of the 2019 season. In that time, he made two All-Star games and clobbered 105 home runs in 1576 plate appearances. That 30-to-35 homer power helped to make up for Sanchez’s middling defense behind the plate, but things took a turn for the worse when he started to struggle on offense. After striking out at a 24.1% clip through the end of the 2019 season, his 2020-22 seasons saw that rate tick up to 29.5%. Meanwhile, Sanchez’s home run power began to suffer as he hit just 49 homers in 294 games. This period even saw his defense drop from roughly average to nearly unplayable, including a -12 figure in Statcast’s catcher defense metric during the 2021 season.

These struggles led the Yankees to trade Sanchez to the Twins prior to the 2022 season, where he continued to struggle at the plate but managed to bounce back a bit on defense. Sanchez then entered free agency but did not find a deal before the 2022 season began. He eventually signed with the Mets during the season but lasted just three games on the club’s roster before spending the rest of the season in a Padres uniform. With San Diego, Sanchez managed to bounce back and flash some of the power he had shown during his Yankees days, slashing .218/.292/.500 with 19 homers in just 260 plate appearances and a 114 wRC+. That earned Sanchez a guranteed deal in Milwaukee this past season, where he served as a back up for William Contreras at catcher and occasionally found his way into the first base/DH mix as well.

Since leaving the Bronx, Sanchez has generally had the look of a solid if unspectacular catching option. In that time, he’s slashed .212/.291/.412 with a 96 wRC+ that’s more or less in line with his production for the Brewers last year, and he’s done so while providing the roughly average defense he offered early in is career. That’s enough to make him a quality back up catching option for virtually any team, and he’ll take over the role vacated by James McCann when he elected free agency last month as Adley Rutschman’s partner in the Orioles catching tandem. In addition to sharing catching duties, Sanchez can also serve a secondary role of helping improve the club’s offense against left-handed pitching by providing a righty-swinging alternative to Ryan O’Hearn at DH on days where he isn’t filling in for Rutschman behind the plate. That makes Sanchez the second player the club has added today who could provide a boost to their offense against southpaws, joining Tyler O’Neill who agreed to a three-year deal with the Orioles earlier today.

While the Orioles had internal options to serve as their secondary catcher behind Rutschman such as Rene Pinto and Blake Hunt, the club made clear in recent weeks that they hoped to add a more established player to that mix. That included a reported interest in reunion with James McCann, but reports seemed to indicate that McCann could look to find a multi-year deal in free agency while the Orioles were hoping to find a one-year arrangement given the presence of top catching prospect Samuel Basallo in their minor league system. To find a quality player willing to accept a one-year deal and a back-up job that won’t guarantee regular playing time, it seems as though Baltimore may have had to go over the top to land Sanchez; his one-year, $8.5MM guarantee matches the guarantee Danny Jansen landed from the Rays yesterday to serve as their regular starter behind the plate and far exceeds the $3MM guarantee he received from the Brewers last year.

That willingness to stretch financially in order to land the right fit for their roster is a luxury GM Mike Elias and his front office haven’t had in previous winters, when the Angelos family owned the team. New owner David Rubenstein has given the club the ability to expand payroll significantly, however, and the Orioles now project to open the 2025 season with a $122MM payroll according to RosterResource. It seems reasonable to expect that the club’s payroll could continue to climb from here as well, with Baltimore seemingly poised to turn their attention to the starting pitching market where they’ve been connected to Jack Flaherty and Nathan Eovaldi if they aren’t able to retain ace Corbin Burnes. As for the catching market, Sanchez joins Austin Hedges, Jacob Stallings, Kyle Higashioka, and Jansen in having already come off the board in what’s been the fastest-moving part of the positional market this winter. A few quality options remain available, however, including Carson Kelly and Elias Diaz.

Rockies To Sign Thairo Estrada

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The Rockies have agreed to a one-year, $3.25MM contract with Thairo Estrada, reports Mark Feinsand of MLB.com. The deal comes with a mutual option for 2026 or a $750K buyout. However, if either side declines the mutual option, the Rockies will still have the opportunity to retain Estrada via arbitration for one more year due to his Super Two status.

Estrada, 29 in February, began his career with the Yankees but broke out after a trade to the Giants in 2021. He carved out a role for himself in San Francisco with a league-average bat, above-average speed, valuable defensive versatility, and a plus glove at second base. Over 312 games from 2021-23, he slashed .266/.320/.416 with a 105 wRC+, 45 stolen bases, and 7.4 FanGraphs WAR.

Unfortunately, the 2024 season was rough for Estrada. He spent two separate stints on the injured list with a sprained wrist, and while he only missed a handful of weeks, Alex Pavlovic of NBC Sports Bay Area notes that he was playing through injury throughout the season. It certainly showed in his numbers. Estrada still came up with 9 Outs Above Average at second base, but his offensive production was dreadful. Over 96 games, he slashed .217/.247/.343 with a 64 wRC+. Eventually, the Giants were no longer willing to keep him on the roster, sending him outright to Triple-A at the end of August. He elected free agency after the season.

Thomas Harding of MLB.com linked Estrada to Colorado last week, noting that the club was looking for a new second baseman. The Rockies are set with Ezequiel Tovar at shortstop and Ryan McMahon at third base, but they had a gap on the right side of the infield after non-tendering Brendan Rodgers earlier in the offseason. While they signed Kyle Farmer to a one-year, $3.25MM guarantee in November, Farmer is older and lacks Estrada’s upside. He’s better suited to a utility role, which is the role he’s played for most of his career.

Estrada also drew interest from the Yankees this offseason. Yet, in Colorado, he will get everyday playing time as he looks to rebuild his value. Eventually, he could have competition from top infield prospect Adael Amador, but Amador won’t turn 22 until April, and his aggressive call-up in 2024 proved he wasn’t ready for the majors. Indeed, he has yet to play a single game at Triple-A. If Amador continues to progress and Estrada bounces back, Estrada could become a valuable trade chip for the Rockies next winter.

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