Today’s edition of Offseason Notes concerns the Caribbean Series entirely.

Programming Note: Caribbean Series Begins Today
As noted previously in this column, the Caribbean Series begins today in Santo Domingo.

The first game, between Aragua (of the Venezuelan Winter League) and Mayaguez (Puerto Rican Winter League) begins at 1:45pm ET. Obregon (Mexican Pacific League) and Escogido (Dominican Winter League) play later in the day, at 5:55pm ET.

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According to Alex Speier, the Red Sox are unlikely to add another starting pitcher before the season begins. The Red Sox have been linked to both Edwin Jackson and Roy Oswalt in recent weeks, but neither player currently sees Boston as their landing spot. Jackson allegedly has better offers elsewhere, and it’s been widely speculated that Oswalt wants to pitch close to home next season.

Outside of Josh Beckett, Jon Lester and Clay Buchholz, the Red Sox’s last two spots in the rotation are up for grabs. With Alfredo Aceves, Andrew Miller, Daniel Bard, Vicente Padilla, Carlos Silva and Aaron Cook all vying for those slots, the Red Sox could benefit from adding an effective veteran like Jackson or Oswalt. While back injuries limited his effectiveness this past season, Oswalt still managed to put up a 2.5 WAR in just 139 innings pitched. He’s much less of a risk on a one year deal, but that’s somewhat moot if he doesn’t want to play in Boston. Jackson would also be a good fit and won’t require a lengthy financial commitment, but the Red Sox reportedly only offered $5 or $6 million on a one year deal.

The Red Sox could choose to increase their other to both players, but the team is dangerously close to surpassing the luxury tax. While the Marco Scutaro trade was supposed to clear up salary for another starting pitcher, that money might be reallocated if the Red Sox have to go to arbitration with David Ortiz, who filed for $16.5 million. The team countered with a $12.65 million contract — a small increase from Ortiz’s $12.5 salary in 2011. Unless the Red Sox are confident they can beat Ortiz in a hearing, it seems likely that he’ll receive a raise. As with most cases, the team might be better off avoiding a hearing altogether and settling with Ortiz for something around the midpoint.

While the Red Sox could certainly use another starter, their desire to stay under the luxury tax may prevent them from significantly raising their current offers to Jackson or Oswalt. Unless Jackson or Oswalt are willing to lower their asking prices, it sounds like the Red Sox might just enter spring training with their current collection of starting pitchers.

Mike Trout is the catch of the day when it comes to center field prospects. After posting a gaudy .338/.422/.508 slash line in the minors, Trout made his big league debut this past season. Though his performance wasn’t all that impressive, Trout still has one of the highest ceilings of any prospect in baseball. But even though Trout no longer needs to prove himself in the minors, he may find himself back there again this season. That’s because the Los Angeles Angels currently have five potential starters in the outfield for just three spots. Can Trout steal away a starting job, or will he be left swimming upstream all season?

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Episode 134
Mr. Aaron Gleeman is world famous, both for his contributions to NBC’s Hardball Talk and for his longstanding blog AaronGleeman.com. Did you know, however, that his application to write for the Univ. of Minnesota’s newspaper was rejected a full nine (9!) times? We examine that, and other personal weaknesses, on this edition of FanGraphs Audio.

Don’t hesitate to direct pod-related correspondence to @cistulli on Twitter.

You can subscribe to the podcast via iTunes or other feeder things.

Audio after the jump. (Approximately 49 min. play time.)

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It is officially February when baseball news is reduced to vague rumors about teams from which Roy Oswalt and Edwin Jackson may or may not be considering one-year offers. Well, that and that Mark Teixeira saying he might bunt to beat the shift this season. Hoo boy.

There is something of interest in the Teixeira report, though. Sure, we do not know whether he is actually going to do it or not. Remember, this is the time of year when players say things like “I’m going to steal 20 bags this year” even if they have never stolen more than 10 in any season. Still, it is not a crazy idea. While sabermetric writing on the internet went through a phase of arguing that bunts are counterproductive to scoring and winning, research has progressed to show that bunts are not as bad as all that. In certain situations, they can be a good idea in terms of getting the win in a close game or simply “keeping the fielders honest” (also known as “game theory,” a term I am pretty sure Bruce Bochy uses frequently).

But what about power hitter like Teixeira? Isn’t bunting always a bad idea for them? To answer this properly would require a great deal of complex thinking and programming. For now, let’s take a simple approach by looking at some data from 2011 to see whether Teixeira is simply blowing smoke or making sense.

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There’s something strangely fitting about the fact that both Russ Canzler and Dan Johnson have found new homes in the last 24 hours. Canzler was traded yesterday from the Rays to the Indians for cash considerations, and Johnson signed a minor-league deal with the White Sox this afternoon. This is despite the fact that the Rays — those masters of market inefficiencies; those buy-low deal hounds — were recently searching for a first baseman, but decided to sign an aging Carlos Pena for $7 million rather than take a cheap gamble on either player.

On the surface, it looks odd that the Rays let Canzler go without giving him a try at first. After all, Canzler was named the International League (Triple-A) MVP last season after hitting 18 home runs and posting a .410 wOBA. He may have been slightly old for the league, but it’s not like he was pushing 30; Canzler was 25-years-old last season. So what gives? Did the Rays miss out on some cheap, high upside talent? Free Russ Canzler!

This discussion touches upon a larger debate, though: do Quad-A players exist? Can a player mash in Triple-A, but not be able to make the adjustments to be a successful player in the majors?

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GM Alex Anthopoulos and the Blue Jays have made their deal with former Reds, Brewers, and Rangers closer Francisco Cordero — to a one-year deal worth $4.5 million — official, reports Jon Heyman of CBS.

A successful high-leverage reliever at one point, who struck out more than 25% of batters faced every season between 2003 and 2008, Cordero’s velocity — and with it, his performance — has declined in recent seasons. Last season, with his fastball velocity having dropped to 93.0 mph per PITCHf/x — from 95.0 mph in 2009, for example — Cordero posted his worst strikeout rate (15.3%) since 2000 and second-worst xFIP- (108). His fastball usage from last season — at a career low 37.4%, per PITCHf/x — reflects Cordero’s changed approach.

However, the deal is notable less for the specifics regarding Cordero (about whom Jim Breen wrote last week) and more for what it represents in terms of the Blue Jays’ capacity for rebuilding a bullpen that was entirely gutted by the end of last season after a trade that saw Octavio Dotel, Jason Frasor, and Marc Rzepczynski go to St. Louis and Chicago variously for center fielder Colby Rasmus.

This offseason, Toronto has traded for Sergio Santos (due just $1 million), reacquired Frasor ($3.75 million), signed Darren Oliver ($4.5 million), and now Cordero. That’s almost an entire bullpen for just under $14 million — i.e. only slightly more than what Jonathan Papelbon will be making per annum for the next four years. As Alex Lewin demonstrated in a piece from late November, the risk associated with that sort of long-term reliever contract generally doesn’t merit the potential rewards. The Blue Jays are clearly proceeding with that notion in mind.

Edwin Jackson is not happy with the way his market is playing out. News came out Tuesday, via Dan Connolly of the Baltimore Sun, that Jackson has multiple three-year offers but would instead prefer a one-year deal. As Dave Cameron noted earlier, this plan could easily backfire. Still, the fact that Jackson — a pitcher with three consecutive 3.5 WAR seasons and a 92 ERA- during that span — feels the need to employ this strategy speaks volumes about his perception in the marketplace.

This is just more instability in a career rife with it. Jackson’s trade history is always the first thing that comes up in any discussion of his talents, and it’s difficult to overstate just how extensive that history is. Steve Slowinski produced the following visualization after the sixth — and last — time Jackson was traded prior to reaching free agency:

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Players leave money on the table every year. It’s true! Pitchers, in particular, have been signing away free agency years at below-market prices for a while now.

Consider the most recent big signing, Yu Darvish. He most likely would have made more money had he stayed in Japan for three years and come over as a free agent. Through the arbitration process in Japan, he was due around $27 million over the next three years, and his deal with the Rangers only pays him $25 million over the same time frame. Had he continued his dominance, and come over in three years, it seems likely he would have made more than $30 million over three years. He would have had the leverage of the unrestricted free agent.

But Darvish’ plight resembled that of the arbitration-eligible pitcher here in the states. He could only talk to one team, which should sound familiar. And he probably valued some non-monetary benefits that a long-term contract offered: security and the ability to compete against the best in the world. How prevalent is this sort of give-and-take in the normal process here in the states? How many pitchers have given up free agent years at below the going rate?

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Once upon a time the Los Angeles Dodgers organization was the envy of all the land… Oh, how times have changed. We all know about the controversy that has been swirling around the club for what seems like far too long and it may be some time before the Dodgers’ system once again receives the attention that it deserves. Ownership needs to commit to rebuilding the organization from the inside out and it has one of the best scouting directors in the business, Logan White, to lean on. The Dodgers organization does have some impressive arms but things fall off quickly after them.

1. Zach Lee, RHP
BORN: Sept. 13, 1991
EXPERIENCE: 1 season
ACQUIRED: 2010 1st round (28th overall), Texas HS
2010-11 TOP 10 RANKING: 2nd

No one expected the hard-to-sign Lee to actually become a Dodger but the club got a deal done and he sits atop the prospect list just one year later. He spurned Louisiana State University where he would have played baseball while also possibly quarterbacking the football squad. Lee’s first season in the minors was a success. He posted a 3.68 FIP in 109 low-A innings while also striking out 7.51 batters per nine innings. Lee showed above-average control with a walk rate of just 2.64 walks per nine. His repertoire includes an 89-94 mph fastball, good curveball, slider and changeup. He could develop into a No. 1 or 2 starter if he continues on this path. The organization could make the bold move to jump Lee all the way to double-A if it wants him to avoid the California League. More likely than not, though, he could spend a short period in high-A before taking the leap.

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