Headlines

Go To Pro Hockey Rumors
Go To Hoops Rumors

Transactions

A’s To Select Lazaro Armenteros

By | at

The Athletics are selecting outfielder Lazaro Armenteros onto the 40-man roster, reports Martín Gallegos of MLB.com (X link). That’ll bump Oakland’s roster count to 37.

Armenteros was a high-profile amateur signee from Cuba seven years ago. The right-handed hitter was viewed at the time as a potential power-hitting regular, leading to a fair bit of hype preceding the 2016-17 international period. The A’s eventually landed Armenteros with a $3MM signing bonus.

That offensive potential has been undercut by huge strikeout tallies throughout his minor league career. Armenteros has punched out in more than 37% of his professional plate appearances. That’d be alarming for any prospect but is particularly concerning for a player whom most scouts project as a left fielder. His stock has dimmed considerably. Armenteros has twice gone unselected in the Rule 5 draft.

The 24-year-old had a generally solid season with Double-A Midland in 2023. He hit .248/.380/.464. Armenteros connected on 14 home runs while drawing walks at a massive 15.3% clip. Swing-and-miss remained an issue, though, as he punched out nearly a third of the time he stepped to the plate.

Oakland’s front office clearly remains intrigued by Armenteros’ physical tools. He has spent parts of seven seasons in the minors, meaning he would have qualified for minor league free agency on Monday if he weren’t on the 40-man roster. The A’s will keep that from happening. Armenteros has a full slate of options and would likely start next season in Triple-A if he holds the 40-man spot throughout the offseason.

Wade Miley Declines Mutual Option With Brewers

By | at

Veteran starter Wade Miley is declining his end of a $10MM mutual option with the Brewers, reports Adam McCalvy of MLB.com (X link). It isn’t known if Milwaukee had accepted its end. In either event, he’ll receive a $1MM buyout and become a free agent.

Miley, 37 later this month, turned in solid results over 23 starts during his second stint with the Brew Crew. Signed to a $4.5MM guarantee last offseason, he worked 120 1/3 innings of 3.14 ERA ball. As is often the case with the soft-tossing southpaw, that success came in spite of a modest strikeout rate. While Miley punched out 16.1% of opposing hitters, he kept the ball on the ground at a solid 46.3% clip.

Despite the lack of missed bats, Miley had posted a sub-4.00 ERA in three straight seasons. He was limited by injury to only 37 innings in 2022. The year before that, he worked 163 frames of 3.37 ERA ball for the Reds. When healthy, he turns in solid results. The veteran had a pair of injured list stints this year on account of a lat strain and elbow discomfort but took the ball every fifth day from August on.

Milwaukee has one remaining option decision, a borderline call on outfielder Mark Canha. The club holds an $11.5MM provision with a $2MM buyout. They’ll need to make that call by Monday afternoon.

Cody Bellinger Declines Mutual Option With Cubs

By | at

Cody Bellinger has declined his end of a mutual option with the Cubs, the team informed reporters (including Meghan Montemurro of the Chicago Tribune). He receives a $5MM buyout and officially becomes a free agent. Chicago also announced they’ve declined their end of a $5MM mutual option on reliever Brad Boxberger. He collects an $800K buyout.

Both moves were straightforward. Bellinger signed a one-year guarantee last offseason after being non-tendered by the Dodgers. His goal was to turn in a rebound campaign that allowed him to get back to the open market this winter. Bellinger followed through with a resurgent year, blasting 26 homers with a .307/.356/.525 showing. Aside from a month-long absence due to a left knee contusion, it would’ve been hard to draw up a much better season.

That makes taking the option buyout a formality. Bellinger is the clear #2 position player on the free agent market. Going into his age-28 campaign, he could find a deal approaching or exceeding a decade in length. The Cubs will make him a $20.325MM qualifying offer before Monday’s deadline. Bellinger will decline, thereby entitling Chicago to draft compensation if he signs with another team.

The Cubs have top prospect Pete Crow-Armstrong as a potential successor in center field. They nevertheless figure to make an effort at retaining the 2019 NL MVP, although teams like the Giants, Yankees and Mariners could join them in the bidding.

Chicago signed Boxberger to a $2.8MM free agent deal last offseason. The veteran righty was limited to 22 contests by a pair of injuries, including a forearm strain that ended his season in September. Over 20 innings, he pitched to a 4.95 ERA with a modest 20.2% strikeout rate and an elevated 13.1% walk percentage. The 35-year-old might be limited to minor league offers this winter.

Mike Clevinger Declines Option With White Sox

By | at

Mike Clevinger has declined his half of a $12MM mutual option on his deal with the White Sox, the team announced. He receives a $4MM buyout and qualifies for free agency. Chicago also confirmed their previously-reported decision to buy out righty Liam Hendriks.

Clevinger spent one season on Chicago’s south side. He inked a $12MM guarantee last winter, collecting an $8MM salary and the buyout. He worked to a 3.88 ERA over 12 starts before biceps inflammation sent him to the injured list on June 16. The injury cost him six weeks and, arguably more importantly, a chance to pitch his way into trade candidacy. Clevinger was only able to make one start between his reinstatement from the injured list and the deadline.

That left the Sox to retain him for the remainder of a noncompetitive season. Chicago attempted to offload Clevinger’s salary by placing him on waivers in August. He went unclaimed, presumably because no other team wanted to take on the option buyout. The right-hander had an excellent August before a middling September. He concluded the year with a 3.77 ERA across 131 1/3 innings. Clevinger struck out a slightly below-average 20% of opponents against a solid 7.3% walk rate.

Turning 33 in December, he has a good chance to land a multi-year contract this offseason. While a two-year deal seems likely, it’s not out of the question he finds a three-year pact. That made it a fairly easy call for his camp to pass on the net $8MM deal with Chicago.

The White Sox will need to add multiple starting pitchers this winter. Dylan Cease may be the only pitcher certain to occupy a spot in the Opening Day five. Michael Kopech figures to battle for a job, while Garrett Crochet has angled for a rotation opportunity. Jesse Scholtens and Touki Toussaint occupied back-end roles for the stretch run.

Guardians Select Johnathan Rodriguez

By | at

The Guardians announced they’ve selected outfielder Johnathan Rodriguez onto the 40-man roster. He lands a spot for the first time in his career.

Cleveland selected Rodriguez in the third round of the 2017 draft. A right-handed hitter out of Puerto Rico, Rodriguez moved slowly through the minors. He spent his first four-plus seasons at various rookie or A-ball levels. He reached Double-A late in 2022, struggling in his first 28 games there.

Rodriguez unsurprisingly went unselected in last winter’s Rule 5 draft. He put himself on the radar for a 40-man spot with a breakout year in his first full season at the upper levels. Rodriguez spent the bulk of the season at Double-A Akron, hitting .289/.364/.512 in 88 games. He continued that pace after a bump to Triple-A Columbus, where he ran a .280/.376/.560 slash. Overall, the 23-year-old (24 tomorrow) hit .286/.368/.529 with 29 home runs over 565 trips to the plate. While a 28.8% strikeout rate is an alarming figure, he hit for enough power and drew sufficient free passes to earn a 40-man spot.

The impetus for Cleveland is the looming minor league free agent period. Players who have spent parts of seven seasons in the minors will qualify for free agency on Monday unless they’re on a 40-man roster. Cleveland ensured they wouldn’t lose Rodriguez via that process. He has a full slate of option years and could still be sent back to Columbus for the foreseeable future. If he holds the 40-man spot all offseason, he’d have a good chance of making his MLB debut at some point next year.

Justin Turner Declines Player Option

By | at

The Red Sox announced a pair of option decisions Friday evening. Infielder Justin Turner has declined his $13.4MM player option in favor of a $6.7MM buyout. Meanwhile, the team declined its $11MM provision on right-hander Corey Kluber.

Turner signed with Boston last offseason. He inked a two-year, $21.7MM guarantee that always looked likely to send him back to the market after one season. Turner locked in an $8.3MM base salary, an extra $1MM in incentives, and the hefty buyout — which only required he’d top $6.7MM on his next contract to come out on top.

There’s no doubt he’ll beat that number after another strong season. The right-handed hitter posted a .276/.345/.455 line while connecting on 23 home runs over 626 plate appearances. The presence of Rafael Devers and Triston Casas at the infield corners consigned Turner primarily to designated hitter work. It raises questions about whether he could be an everyday third base option for another team as he enters his age-39 season.

Despite his age, there’s little doubt that Turner still projects as one of the better hitters in the class. He has topped 20 homers in two of the past three seasons, running a .277/.352/.455 slash since the start of 2021. Turner still has plus contact skills and good plate discipline.

The Kluber signing worked out a lot less favorably. Boston inked the two-time Cy Young winner to a $10MM guarantee. Kluber had turned in 164 innings with a 4.34 ERA for the Rays a season ago. His stint in Boston didn’t go well, as he was tagged for a 7.04 ERA through 55 frames. The right-hander struggled both during an early-season stint from the rotation and following a bullpen transfer in May.

Making matters worse, Kluber landed on the injured list on June 21 with inflammation in his throwing shoulder. He suffered a setback a month later and never returned to the big league club, although he did pitch twice for Triple-A Worcester in September. There was never any chance the Sox were going to retain him for $11MM. Assuming he wants to continue playing, the 38-year-old could conduct some offseason showcases in hopes of finding a major league contract elsewhere.

Matt Carpenter Exercises Player Option

By | at

Matt Carpenter has exercised the $5.5MM player option in his contract with the Padres, reports Ari Alexander of KPRC 2 (X link). He’ll play out the second season of a two-year, $12MM guarantee.

Triggering the option was likely an easy call for the left-handed hitter. Carpenter had a tough 2023 campaign, hitting .176/.322/.319 with five home runs through 276 trips to the plate. He seemed to fall out of favor with the coaching staff as a result, often going extended stretches without an at-bat. His season ended in mid-September when he landed on the injured list with right elbow inflammation.

Clearly, that wasn’t what the front office envisioned when signing Carpenter a year ago. The longtime Cardinals second baseman had struggled mightily from 2020-21. When a minor league deal with the Rangers didn’t result in a big league opportunity, he considered retirement. Yet he absolutely raked over 47 games when he got a look from the Yankees in May 2022. Carpenter blasted 15 homers in 154 plate appearances, hitting .305/.412/.727. A foot fracture kept his time as a Yankee rather brief, leaving the Padres to gamble on him maintaining some kind of strong offensive form after that relatively small-sample performance.

It didn’t happen in year one. The Padres could give Carpenter another crack at securing a job on the bench, although it doesn’t seem guaranteed he’ll spend the entire offseason on the 40-man roster. In any event, he is assured of next year’s salary. With Seth Lugo making the similarly easy call to decline his option yesterday, the Padres are down to their two more borderline options on right-handers Michael Wacha and Nick Martinez.

Angels Decline Options On Aaron Loup, Eduardo Escobar

By and | at

The Angels announced that they have declined club options on left-hander Aaron Loup and infielder Eduardo Escobar. Both will now become free agents, with Loup receiving a $2.5MM buyout instead of a $7.5MM salary for 2024, while Escobar receives a buyout of $500K instead of a $9MM salary.

Neither move comes as a surprise. Loup posted a remarkable 0.95 ERA in 2021 and parlayed that into a two-year, $17MM deal going into 2022. His first year with the Halos was fine, resulting in a 3.84 ERA, but that figure jumped to 6.10 in 2023. There may have been some bad luck in his poor results this year, with a .373 batting average on balls in play and 63.6% strand rate, but his strikeout rate has also been declining. He fanned 26.1% of batters in that strong 2021 campaign but that rate dropped to 20% and then 19.5% in the two most recent seasons.  He also finished the 2023 campaign on the injured list with a left shoulder strain.

The Halos acquired Escobar in a midseason trade with the Mets. They hoped the veteran switch-hitter would stabilize an infield that had been wrecked by injury. It didn’t go as planned, with Escobar stumbling to a .219/.259/.303 slash in 189 plate appearances. Combined with a slow start in Queens, he managed just a .226/.269/.344 line over 100 games on the season.

Lefty relief and third base both stand as areas the Angels could try to address this offseason. They don’t have any left-handers who are guaranteed spots in the season-opening bullpen, with the likes of Kolton Ingram and Kenny Rosenberg projecting as their top options. Anthony Rendon is the ostensible starter at third base, although he’s coming off another disappointing year marred by injury.

White Sox To Decline Option On Liam Hendriks

By | at

The White Sox are declining their club option on right-hander Liam Hendriks, per Jon Heyman of The New York Post. Instead of retaining him for 2024 with a $15MM salary, they will pay him a $15MM buyout but spread over the next ten years in annual instalments of $1.5MM. The righty underwent Tommy John surgery in August and is likely to miss the 2024 season.

Hendriks, 35 in February, signed with the Sox going into 2021. The three-year deal came with a three-year, $54MM guarantee. He would make $39MM over the first three years, with the $15MM option/buyout for 2024. He continued to pitch well over the first two years of the deal, racking up 75 saves over those two seasons with a 2.66 ERA, 39.4% strikeout rate and 4.6% walk rate.

But 2023 provided Hendriks with some significant challenges. He was diagnosed with non-Hodgkin’s lymphoma in the offseason and had to miss the start of the year undergoing treatment. By the end of April, he was cancer free and began ramping up for a return to the club. He was activated in late May, making five appearances before landing on the injured list due to elbow inflammation, which eventually led him requiring Tommy John surgery.

Since he’s likely to miss the upcoming campaign, it’s understandable that the Sox would take the buyout. Though it’s the same amount as the salary of the option, it’s easier to pay it over 10 years than in one, especially with inflation reducing the value of currency over time. Also, there’s no injured list between the World Series and Spring Training, meaning Hendriks would require a roster spot all winter if the option were picked up. By taking the buyout, the Sox free up a spot for the coming months.

Now Hendriks will head to the open market and be free to sign with any club. Though he still has a lengthy rehab process in front of him, players in this situation often sign two-year deals. The players gets some cash to cover the rehab process while the club gets control over one post-rehab season.

Righty Tommy Kahnle signed one such contract when he and the Dodgers agreed to a two-year deal going into 2021. Kahnle was guaranteed $4.75MM plus incentives. He didn’t have the same track record as Hendriks and that winter’s market was generally deflated after the lost revenues of 2020, so it seems fair to expect Hendriks to be able to top that guarantee.

Dodgers Decline Option On Lance Lynn

By | at

The Dodgers have declined their club option on right-hander Lance Lynn, per Fabian Ardaya of The Athletic. They will pay him a $1MM buyout and send him to free agency instead of retaining him with an $18MM salary for 2024.

The move doesn’t come as a surprise, as Lynn just wrapped up the worst season of his career. He made 32 starts in 2023 between the White Sox and the Dodgers, switching teams in a trade prior to the deadline. His 23.6% strikeout rate and 8.3% walk rate were both around league average, but he was victimized by the long ball. He allowed an incredible 44 fly balls to go over the fence this past season, the most of any pitcher in the league and easily the highest tally of his career. Despite those struggles, the Dodgers’ rotation had been decimated by injuries and they sent Lynn to the mound in the playoffs. He started Game 3 of the NLDS against the Diamondbacks with two scoreless innings but allowed four home runs in the third, getting pulled before finishing that inning.

The Dodgers need starting pitching next year but it’s understandable they didn’t want to commit $17MM to Lynn just as the offseason is kicking off. After his poor results this year, he will likely have to settle for a lower salary than that. He may be able to top that number in total guarantee if he can find a multi-year deal, as even back-end veteran types can often get to eight figures on an annual basis.

Though the 2023 season was obviously rough and he turns 37 in May, Lynn will still have appeal as a bounceback candidate. He has a career ERA of 3.74 in a career that dates back to 2011. In each of the four seasons prior to 2023, he kept his ERA under 4.00. In that 2019 to 2022 stretch, he made 95 starts with a 3.42 ERA, 26.8% strikeout rate and 6.2% walk rate.

Veteran starters can often find decent contracts for themselves, even when the expectations of their production have waned. Zack Greinke got $13MM from the Royals going into 2022 and another $8.5MM going into 2023, his age-38 and age-39 seasons. Corey Kluber got $10MM from the Red Sox prior to 2023, even with questions around his health and effectiveness. 43-year-old Rich Hill got $8MM from the Pirates for 2023. Perhaps some club thinks they can get Lynn back on track or merely have him serve as an innings-eater, but he should be able to find a decent contract regardless.

As for the Dodgers, they go into the winter with plenty of question marks in their rotation. Lynn is now heading into free agency, joining Julio Urías and Clayton Kershaw. The latter has re-signed with the Dodgers many times but is slated for an uncertain road back from shoulder surgery. That leaves Walker Buehler, who missed all of 2023 recovering from Tommy John surgery, as well as a batch of guys with limited experience like Bobby Miller, Emmet Sheehan, Ryan Pepiot, Gavin Stone and Michael Grove. There’s also Ryan Yarbrough in the mix but he’s a non-tender candidate.

The club has plenty of payroll space to work with and will likely be very active in free agency. They are expected to pursue two-way superstar Shohei Ohtani, though he won’t be pitching in 2024. The other top names on the pitching market will be Yoshinobu Yamamoto, Blake Snell, Aaron Nola and Jordan Montgomery, with many others also available.

Show all

MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

Do not Sell or Share My Personal Information

hide arrows scroll to top