Lerner Family To “Explore” Possibility Of Selling Nationals
In what could be a franchise-altering moment, Nationals owner Mark Lerner tells Barry Svrluga of the Washington Post that the team has enlisted New York-based investment bank Allen & Company to explore the possibility of selling the franchise or adding new investors/partners to the current ownership group. Lerner emphasized that the process is “exploratory” in nature and added that there’s no “set timetable or expectation of a specific outcome.”
The Lerner family purchased the Nationals, formerly the Expos, from Major League Baseball for a sum of $450MM back in 2006 after the former Montreal franchise was folded and moved to Washington, D.C. Forbes recently estimated that the franchise is worth $2 billion — a four percent increase from last year and the 12th-most of any MLB franchise. Sportico placed that same $2 billion estimate on the franchise’s value back in March 2021. Longtime control person Ted Lerner, who’s now 96 years of age, ceded control of the franchise to his son, Mark, back in 2018. At the time, as Svrluga points out, the younger Lerner was adamant that the family would never consider selling the team. Clearly, that mentality has shifted.
The Nationals’ open willingness to explore a sale of the club comes at a time when the on-field product has been largely torn down following last summer’s fire sale, which saw Max Scherzer, Trea Turner, Kyle Schwarber, Daniel Hudson, Yan Gomes, Josh Harrison, Brad Hand and Jon Lester all traded for younger, more controllable players (and, in some cases, salary relief). Of that bunch, Turner was the only one who’d been controlled beyond the 2021 season. He’s now earning $21MM with the Dodgers. The rest of that group signed elsewhere in free agency (or, in Lester’s case, retired).
The Nats did reinvest some of those resources into the 2022 team, but their overall payroll is nearly $40MM lower than its 2021 level. Most notably, Nelson Cruz joined the club on a one-year deal worth a guaranteed $15MM. Cesar Hernandez ($4MM), Anibal Sanchez ($2MM), Steve Cishek ($1.75MM), Ehire Adrianza ($1.5MM), Sean Doolittle ($1.5MM) and Alcides Escobar ($1MM) all signed in the offseason as well, as did non-roster veterans Dee Strange-Gordon and Maikel Franco, who both made the club. None of those players are signed beyond 2022, though Cruz’s deal contains a mutual option for the 2023 season. That’s largely an accounting measure, as mutual options are very rarely exercised by both parties.
When looking at the potential sale of the franchise, there are various complicated factors to consider — even beyond the standard complexities associated with any multi-billion dollar sale of a team. Firstly, the Nationals have been mired in ongoing litigation with the Orioles regarding their television rights fees for the better part of a decade. The Mid-Atlantic Sports Network (MASN) broadcasts Nationals games but is owned and operated by the Angelos family — who also own the Baltimore Orioles. At stake are hundreds of millions of dollars in revenue.
The team’s long-term payroll outlook, of course, also impacts the sale price. That’s one reason that last summer’s broad-reaching sell-off was of some note, but it also shines a particular light on the Nationals’ thus-far unsuccessful efforts to extend superstar Juan Soto, who reportedly rejected a 13-year, $350MM extension this winter.
Of more concern to potential buyers than money that perhaps ought to be earmarked for extending a franchise cornerstone is the money that’s still owed to a host of players who no longer even play for the Nationals. The Lerner family has habitually included deferred money in deals for their free-agent signings as a means of tamping down present-day value. That overwhelming slate of deferrals, however, is beginning to mount.
For instance, the Nationals owe Max Scherzer $15MM in deferred salary each season from 2022-28 — even though he’s now pitching for the division-rival Mets. They’re paying Stephen Strasburg a third $10MM installment in deferred salary from his prior contract this year, before even considering the salary he’ll earn under the new $245MM deal he signed on the heels of his World Series heroics. That new deal for Strasburg calls for him to receive three equal payments of $26,666,667 each July from 2027-29 — the contract itself ends in 2026 — plus a final installment of $3,999,974 on Dec. 31, 2029 (hat tip to Cot’s Contracts for the specific figures).
Those are far from the only deferrals to consider. Patrick Corbin‘s $140MM contract contains $10MM in deferrals to be paid out from 2024 through 2026. The Nationals will pay Brad Hand a combined $6.5MM from 2022-24 as part of the one-year, $10.5MM deal he signed to pitch the 2021 season. They are, somewhat incredibly, still even on the hook for $2MM annually to Rafael Soriano through 2025. Soriano retired after the 2015 season.
The enormous slate of deferrals and messy television rights dispute notwithstanding, the Nationals’ franchise value has undeniably skyrocketed from the point at which the Lerner family purchased the team. And given the relative rarity with which Major League franchises are put up for sale, there ought to be considerable interest, whether from an entirely new ownership group or from some wealthy investors looking to get a foot in the door as minority stakeholders with an eye toward growing that share over the years.
Injured List Placements: Thompson, Bolt, Cabrera
Catching up on some of today’s injury news…
- Nationals right-hander Mason Thompson was placed on the 10-day injured list with a right biceps strain. Washington called up Hunter Harvey from Triple-A in the corresponding move, with the former Orioles top prospect getting his first look with his new team since the Nats claimed him off waivers from the Giants two weeks ago. Thompson threw only three pitches before being forced out of last night’s outing against the Mets. X-rays are negative, and Thompson is also undergoing an MRI today, Washington manager Dave Martinez told MLB.com’s Jessica Camerato and other reporters.
- The Athletics placed Skye Bolt on the 10-day IL with a right oblique strain. Left-hander Adam Kolarek was called up from Triple-A. After debuting with five games for Oakland in 2019, Bolt didn’t see any action in 2020 and then played in 34 total games with the Giants and A’s last season. Bolt has some big numbers with Oakland’s Triple-A affiliate but hasn’t brought that pop to the majors, with only an .090/.116/.164 slash line over 71 career plate appearances in the Show.
- Edward Cabrera has been placed on the minor league injured list, as the former Marlins top prospect is dealing with a right biceps injury. Beyond the delayed start that everyone faced for Spring Training, Cabrera’s spring work was also delayed by a visa issue, hence his extra time in the minors. While this particular injury isn’t thought to be too serious, Cabrera did miss two months last season due to an inflamed nerve in that same right biceps. Among the many highly-touted young arms in the Marlins organization, Cabrera is one of the most promising, regularly featuring on top-100 lists over the last three seasons. The right-hander made his MLB debut last season, posting a 5.81 ERA over 26 1/3 innings for Miami.
Latest On Nationals’ Extension Talks
It doesn’t appear as though the Nationals have had any in-depth talks with Josh Bell about a long-term contract, as president of baseball operations Mike Rizzo told The Washington Post’s Jesse Dougherty (Twitter links) that Juan Soto is still the top focus for an extension. There have been more “discussions” with Soto, but until that situation is settled, any negotiations with Bell will seemingly have to wait.
Bell avoided arbitration by agreeing to a $10MM salary for 2022, his final season of arb eligibility. Since most players prefer to not talk contract during the season, the Nats might be left with a pretty limited window of time to work out a new deal with Bell, possibly just from the end of Washington’s season to the official start date of free agency. Furthermore, Bell is represented by the Boras Corporation, and it is rare to see Scott Boras clients agree to extensions so close to a trip to the open market.
Since Soto is under team control through 2024, Bell is technically the more pressing concern, and yet it is easy to understand why the Nationals are prioritizing a new Soto deal. It’s fair to guess that a Soto extension would be the single largest contract in baseball history, as Soto (also a Boras client) has already turned down a 13-year, $350MM offer from the Nats earlier this winter. Soto is still only 23 years old and already has a phenomenal track record of success, so it isn’t hard to imagine Boras wanting to set new contractual benchmarks for both total value and average annual value.
Bell, meanwhile, had a strong performance in his own right during his first season in D.C. The first baseman was one of many Nationals players sidelined by a COVID-19 outbreak in April, but after a slow start, Bell caught fire over the last four months and finished with 27 home runs and a .261/.347/.476 slash line over 568 plate appearances.
Should Bell repeat this performance in 2022, it’ll line him up for a nice multi-year pact in free agency. Bell turns 30 in August and he is somewhat limited as a primary first baseman, though he did line up in both corner outfield positions on occasion last season. With the universal DH now in place, Boras can now fully market Bell to National League teams that might have previously been unsure about his fielding future — as well, defensive metrics indicated that Bell’s 2021 glovework was the best of his career.
Whether Bell’s future is in Washington or not remains to be seen, depending on the state of the Nats’ minor rebuild. There is obvious benefit to retaining Soto as the face of the franchise, but locking Bell up to an extension or re-signing him in free agency would be a clear sign that the Nationals plan to contend again sooner rather than later. Such a move would also undoubtedly factor into Soto’s decision process, as Soto has been clear that he wants to play for a winning team. Plus, if an extension with Soto doesn’t become a reality, the Nats might adopt a win-now approach to capitalize on Soto’s prime years while they still have him.
Considering that D.C. has topped the $200MM payroll mark as recently as 2019, the team does have the resources to extend both Soto and Bell. Stephen Strasburg and Patrick Corbin take up an outsized chunk of future payroll, but they are also the only Nationals players guaranteed money beyond the 2022 season.
Injury Notes: Pollock, La Stella, Sanchez, Borucki, Pearson
A.J. Pollock left today’s game with what the White Sox announced as right hamstring tightness. Pollock had just singled, but seemed to tweak his hamstring while making the turn around first base, and had to be replaced for a pinch-runner. While Pollock’s lengthy injury history (including a right hamstring strain that sidelined him for over two weeks last September) gives particular concern to any new issues, Pollock told The Athletic’s James Fegan and other reporters after the game that today’s injury wasn’t nearly as severe as last season’s hamstring problem.
As it happens, Pollock was already set to miss some time. The outfielder and his wife are expecting their second child, and Pollock was scheduled to go on paternity leave tomorrow. He’ll use the absence to rest his hamstring and hopefully avoid become the latest White Sox player to hit the injured list. Garrett Crochet has been lost for the season due to Tommy John surgery, while the 10-day IL features Lance Lynn, Yoan Moncada, Joe Kelly, Yermin Mercedes, and Ryan Burr, plus Lucas Giolito is now also set to miss at least his next two starts.
More injury updates from around baseball…
- There is “no set in stone timeline at this point” for when Tommy La Stella might return from the injured list, Giants manager Gabe Kapler told MLB.com’s Maria Guardado and other reporters. La Stella underwent Achilles surgery in October and is still feeling some soreness, though he told media that doctors have said this isn’t unusual. Despite the lack of clarity, the Giants did consider using La Stella as a DH to begin the season, so it would seem like he is relatively close to playing. “It was just one of those things where we wanted to make sure that we weren’t sacrificing the long-term success in this process for short-term gains now and make sure I’m set up to be good to go for the rest of the season,” La Stella said.
- Anibal Sanchez could miss his scheduled start Monday, as the Nationals right-hander has been dealing with neck soreness. The Nats already pushed Sanchez’s start back to give him time to heal, but as MASNsports.com’s Mark Zuckerman writes, the club now may need to turn to either the bullpen, or possibly a minor league call-up like Josh Rogers or Aaron Sanchez to take the start. In Aaron Sanchez’s case, the Nationals would have to first clear a 40-man roster spot to select his minor league contract.
- Blue Jays manager Charlie Montoyo updated reporters (including TSN’s Scott Mitchell) about sidelined pitchers Ryan Borucki and Nate Pearson. Borucki is on the 10-day IL with a right hamstring strain, but came out of a two-inning simulated game feeling well. Pearson is set to start light throwing after missing time due to mononucleosis, but because Pearson missed a significant portion of Spring Training, Mitchell writes that the right-hander is “essentially starting from scratch” from a preparation standpoint. As such, it might not be until at least mid-May that Pearson is fully ramped up.
Nationals Select Strange-Gordon, Franco, Arano; Place Harris, Strasburg On IL
The Nationals have finalized their Opening Day roster, announcing this morning that non-roster invitees Dee Strange-Gordon, Maikel Franco and Víctor Arano all made the big league club. Yesterday’s designation of reliever Gabe Klobosits freed up one roster spot, while the other two 40-man vacancies were created by placing Seth Romero and Will Harris on the 60-day injured list.
Strange-Gordon returns to the majors after splitting the 2021 season between three Triple-A teams. It’ll be his 11th MLB season, and his first in Washington. Strange-Gordon is a three-time stolen base king and former batting champ, but his production has dipped in recent years. He hit just .266/.293/.343 with the Mariners between 2018-20, still putting the ball in play but rarely walking or hitting for power.
Despite turning 34 next month, Strange-Gordon still brings plenty of speed and athleticism. He’ll presumably back up starting second baseman César Hernández and could also see some time in the outfield. Strange-Gordon never took well to a center field experiment with the M’s, but he rated as a plus defender at second base during his peak with the Marlins.
Franco is readying for his eighth MLB season. A top prospect during his days in the Phillies farm system, he showcased some bat-to-ball skills and power but never drew many walks and struggled defensively. Franco never emerged as the middle-of-the-order bat the Phils envisioned, and he’s spent the past couple seasons on low-salary deals with the Royals and Orioles, respectively.
The 29-year-old had a decent showing with K.C. during the shortened 2020 season, but he managed just a .210/.253/.355 line in a bit more than 400 plate appearances with Baltimore last year. He’ll get the Opening Day nod at third base, though, as the Nats are down both Carter Kieboom and Ehire Adrianza. Kieboom was placed on the 60-day injured list with a UCL sprain last month, while Adrianza landed on the 10-day IL today due to a left quad strain.
Arano, like Strange-Gordon and Franco, has spent the bulk of his career in the NL East. He worked to a 2.65 ERA in 74 2/3 innings with the Phillies between 2017-19, striking out a solid 26.3% of opponents with an impressive 7.6% walk rate. The right-hander missed almost all of the 2019 campaign because of elbow inflammation, and he spent 2020 at the alternate training site.
The 27-year-old Arano spent last season in the Braves organization, where he landed via waivers. Despite posting a 2.50 ERA in 36 frames with Triple-A Gwinnett, he never got a big league call and was outrighted off the 40-man roster. Arano’s typically steady production made him a solid minor league signee for a Washington team with a thin bullpen, and he’ll earn his first MLB look in three years.
Harris was expected to be a noteworthy part of that bullpen, but he’s been hit hard by injuries of late. The veteran righty missed most of last season after undergoing thoracic outlet syndrome surgery in May. He recently underwent a clean-up procedure to remove scar tissue and won’t throw for three to four weeks, tweets Mark Zuckerman of MASNsports.com. Harris won’t return to an MLB mound until at least early June.
Romero is dealing with a left calf strain, per the team. The former first-round pick has only three MLB appearances to his name — all in 2020 — but he’ll accrue big league service and pay while on the IL. Romero posted a 5.31 ERA in six Double-A appearances last season but struck out a fantastic 37% of opponents.
Washington also placed Stephen Strasburg on the 10-day injured list. That had been an inevitability for some time, as Strasburg has been dealing with lingering effects of a 2021 TOS surgery of his own. Nationals general manager Mike Rizzo said on 106.7 The Fan this week that Strasburg could return by the start of May but didn’t want to specify a timeline at this point (h/t to Matt Weyrich of NBC Sports Washington).
Nationals To Designate Gabe Klobosits For Assignment
The Nationals are designating reliever Gabe Klobosits for assignment, reports Jesse Dougherty of the Washington Post (on Twitter). The move clears a space on Washington’s 40-man roster, which now sits at 39.
Klobosits made his first 11 MLB appearances last season. The 6’8″ righty averaged nearly 95 MPH on his fastball but didn’t get great results, allowing eight runs in 11 1/3 innings with five strikeouts and walks apiece. The Auburn product had a very nice season in the high minors, combining for a 1.64 ERA with a solid 28.9% strikeout percentage and 8.8% walk rate between Double-A Harrisburg and Triple-A Rochester.
The 26-year-old paired his fastball with a split and a slider during his limited big league time. He didn’t miss many bats in the majors but had a fair bit of success during his preceding minor league run. Washington will have a week to trade Klobosits or place him on waivers. If another team put in a claim, they’d be able to option him to the minor leagues in each of the next two seasons.
Jordy Mercer Announces Retirement
Veteran infielder Jordy Mercer took to Twitter on Tuesday to announce that he’s retiring after a decade-long career at the big league level.
“Thank You baseball!” wrote Mercer. “Thank you for the opportunity and love you have given me. I hope I loved you back just as much. Thank you to the ones that have supported me, especially my family every step of the way. It’s time!! Excited for the next chapter.”
Mercer, 35, was a third-round pick out of Oklahoma State University by the Pirates back in 2008 and made his big league debut with Pittsburgh four years later in 2012. He logged just 68 plate appearances over 42 games and didn’t hit much as a 25-year-old rookie. However, Mercer seized the Pirates’ starting shortstop role the following season when he slashed .285/.336/.435 with eight homers, 22 doubles and a pair of triples in 395 plate appearances.
Over the next five seasons, Mercer was a constant in the Pirates’ lineup and in their infield. From 2013-18, he racked up 2928 plate appearances over 779 games while batting .257/.317/.387 with 54 home runs, 145 doubles, 14 triples and 13 stolen bases. That steady play at shortstop for the Buccos earned him a one-year, $5.25MM deal with the Tigers in free agency during the 2018-19 offseason.
Mercer managed just 74 games in his first season with the Tigers thanks to a pair of quadriceps strains that resulted in multiple stints on the injured list, but his overall production was sound when healthy. In 271 plate appearances, he smacked nine homers and 16 doubles while batting .270/.310/.438. He returned to the Tigers on a minor league deal but was immediately selected to their big league roster in July once the season was finally able to get underway. Mercer appeared in just three games with the Tigers before clearing waivers, electing free agency and signing with the Yankees, for whom he played another six games that season.
Last winter, Mercer inked a minor league deal with the Nationals and, by the end of Spring Training, had played his way onto the big league roster. Quadriceps and calf strains again hampered him in 2021, however, and Mercer was limited to just 46 games and 127 plate appearances as a National, during which time he slashed .254/.307/.364.
That brief stay in D.C. proved to be the final chapter of what wound up being a ten-year career at the MLB level for Mercer. He’ll head into retirement with a lifetime .256/.315/.386 batting line, 66 home runs, 173 doubles, 15 triples, 796 total hits, 330 runs scored and another 308 runs driven in. He may never have been an All-Star, but Mercer was a solid regular for several years in Pittsburgh who was able to celebrate three postseason berths (2013-15 with the Pirates) and suit up for 950 Major League games — all while topping $20MM in career earnings.
Photo courtesy of USA Today Sports Images.
Nationals Select Anibal Sanchez
The Nationals announced this morning they’ve selected righty Aníbal Sánchez onto the big league roster. The Nats already had a 40-man roster spot available, so no move was necessary in that regard.
Sánchez returns to the nation’s capital, where he spent the 2019-20 campaigns. The veteran hurler had a productive first season in Washington, pitching to a 3.85 ERA over 166 regular season innings. He started a game in each of the Division Series, Championship Series and World Series during the Nats’ World Series run that year. Washington won all three of those games, with Sánchez contributing 18 innings of five-run ball during that stretch.
The second season of Sánchez’s tenure wasn’t as productive, either from a personal or team standpoint. He made 11 starts during the shortened schedule but only managed a 6.62 ERA. Washington fell to the bottom of the NL East, and the Venezuela native hit free agency at the end of the year. Sánchez didn’t wind up playing in affiliated ball last year. He was reportedly concerned by the pandemic protocols early in the season, then didn’t find an offer to his liking during the year.
The 38-year-old never suggested he was planning to step away from the game entirely, though. He inked a minor league deal to rejoin the Nationals this winter, and he’ll now lock in a $2MM base salary by making the Opening Day roster. Presumably, he’ll step right back into a rotation that’ll be without Stephen Strasburg and Joe Ross to open the year. Patrick Corbin, Erick Fedde, Josiah Gray, Josh Rogers and Paolo Espino are among the rotation options for skipper Dave Martinez.
Nationals Avoid Arbitration With Victor Robles
7:26PM: Robles and the Nationals agreed to a one-year, $1.65MM deal, according to MLB Network’s Jon Heyman.
3:21PM: The Nationals agreed to a 2022 contract with outfielder Victor Robles, The Washington Post’s Jesse Dougherty reports (Twitter link). The deal allows both sides to avoid an arbitration hearing, as an agreement wasn’t reached prior to the deadline for submitting arb figures. Robles was seeking a $2.1MM salary, while the Nats countered with a $1.6MM offer. MLBTR’s Matt Swartz projected Robles for a $1.7MM deal.
This is Robles’ first time through the arbitration process, and he is on pace to hit free agency following the 2024 season. In the near term, however, 2022 looms as a critical year for Robles to re-establish himself as a key part of Washington’s future plans. Since emerging as an everyday member of the Nats’ 2019 World Series club, Robles has hit only .209/.304/.302 in 558 plate appearances in 2020-21.
Once considered one of the elite prospects in all of baseball, Robles now has only a somewhat tenuous hold on a starting job. Robles is still penciled into the center field job, though some defensive metrics have painted a sour picture of his glovework following his all-world defensive numbers in 2019.
With Robles’ deal now settled, the Nationals have worked out contracts with every member of their 2021-22 arbitration class. For more on settled and still-pending arbitration situations, check out MLBTR’s Arbitration Tracker.
Roster Notes: Nationals, A’s, Royals
Andrew Stevenson of the Nationals has cleared waivers and been outrighted to Triple-A, per the team. Stevenson can provide solid defense and baserunning, but those aren’t particular needs for a Washington team planning to start Lane Thomas and Victor Robles alongside superstar Juan Soto. Yadiel Hernandez and Gerardo Parra are the pure outfielders remaining in camp with a chance to win the fourth outfielder spot, while Ehire Adrianza is also capable of playing in the grass. As for Stevenson, he will have 48 hours to accept his assignment or elect free agency. Let’s check in on some other roster updates from around the game…
- The A’s have optioned southpaw Sam Selman to Triple-A, per the team, lowering the number of players in camp to 38. Selman appeared in each of the past three seasons with the Giants, but also made 18 appearances with the Angels after being acquired as part of the Tony Watson deal. Oakland later claimed Selman off waivers. He’ll continue to serve as bullpen depth in Oakland for the time being.
- The Royals announced a handful of minor league assignments today. Colten Brewer, Jose Cuas, Brad Peacock and Arodys Vizcaino; infielders Gabriel Cancel, Iván Castillo, Clay Dungan and Vinnie Pasquantino; and outfielders Dairon Blanco, Brewer Hicken and JaCoby Jones were all assigned to minor league camp.