Last year, the Padres had a clear approach to the offseason. They came in badly needing innings, but with a decorated and devastating lineup – particularly after they signed Xander Bogaerts to add to their shortstop treasure trove. They did have a few holes, though, so they shopped in volume for complementary bats and mid-rotation arms. Their two preferred pitching targets: Seth Lugo and Michael Wacha. Clearly, the Royals were taking notes.

That’s right: After signing Lugo earlier this month, the Royals turned around and inked Wacha to a two-year, $32 million pact last week. They also addressed some of their outfield deficiency by signing Hunter Renfroe to a two-year, $13 million deal of his own. Both contracts feature player opt-outs for the second year. By sheer number of major league deals signed this offseason, the Royals are now lapping the field. Read the rest of this entry »

I’ve become increasingly fascinated by major league teams’ depth recently. The reasons for my fascination are all over the map. I’m always interested in looking for blind spots in our playoff odds, and a conversation with the big boss (hi David!) at the Winter Meetings got me thinking about how teams allocate playing time between starters and backups. I was already independently digging into how team strength changes throughout the year as their roster changes. The plight of various injured pitching staffs – and the triumph of the always-adding Rangers – was yet another angle on the problem.

To that end, I started looking at how much of each team’s playing time and WAR comes from their Opening Day rosters every year. I was looking for interesting trends, though I wasn’t exactly sure where to find them, so my plan was to keep an open mind and see what jumped out at me. But, uh, I didn’t expect this.

See, my first check was what percentage of each team’s total WAR in a given season came from their initial roster. In a given year, you might have a very healthy roster like the Blue Jays’ (88.6% of their total plate appearances plus total batters faced came from players who were in uniform for the first game), and thus end up with 91.5% of your WAR coming from that group. You might make a series of call-ups throughout the seasons like the Reds (58.9% of playing time on the Opening Day roster) and end up with only 63.9% of your WAR coming from that group. I thought that by taking averages of these, I might be able to learn something. Read the rest of this entry »

Over the weekend, the Dodgers hit the motherlode, signing Shohei Ohtani to a landmark 10-year contract. Turns out, though, MLB didn’t award them the 2024 World Series just for doing that. There’s still baseball to be played, and while the Dodgers certainly aren’t short on tremendous hitters, they do need some serious help on the pitching side. Enter the Rays:

BREAKING: The Los Angeles Dodgers and Tampa Bay Rays are in agreement on a trade to send RHP Tyler Glasnow and OF Manuel Margot to the Dodgers for RHP Ryan Pepiot and OF Jonny Deluca — contingent on Glasnow signing an extension with L.A., which is expected, sources tell ESPN.

— Jeff Passan (@JeffPassan) December 15, 2023

I’m not sure that I’m making a strong enough statement. The Dodgers need help on the pitching side, and they need it badly. Before this trade, their depth chart looked like this:

That’s dire. It’s a mixture of injury risk, light workloads, unproven arms, and pitchers who check multiple of those boxes at once. Ohtani obviously won’t pitch next year. Walker Buehler hasn’t pitched since June 2022, looked bad in that 2022 season, and is their nominal ace. Bobby Miller is the only other guy the team seems to trust, and they’ll need plenty of volume from him, but he made 26 starts last year to get to his 138.2 innings, so it’s not like there’s a ton more in the tank. If the Dodgers’ lineup is Boardwalk and Park Place, their rotation looks more like Mediterranean and Baltic Avenues. Read the rest of this entry »

So, so, so much digital ink has already been spilled writing about Shohei Ohtani’s groundbreaking, $700 million contract. It’s a sign of baseball’s new era. Maybe it’s an accounting gimmick. Did he sell himself short? Did he set a new high bar? Is he giving the Dodgers a loan, or an unfair competitive advantage? Is the competitive balance tax broken?

I don’t really think it’s any of those things, as you can probably tell from the fact that I included them in my opening paragraph, and in rapid succession at that. In fact, I don’t have much of an opinion about what this contract “means.” I don’t think it’s a good idea to try to figure out how baseball works based on a unicorn, basically. You’d do just as well trying to figure out how countries work by looking at Singapore, or how weather works by looking at a tornado.

That said, boy do I love numbers, and I especially love goofing around with them. I really enjoyed Jon Becker’s CBT explainer, as well as Rob Mains’s look at deferrals and tax regimes. One thing that I feel very strongly about is that treating this as either Ohtani getting fleeced by the Dodgers or him and the team pulling a fast one on the entire league is misunderstanding the situation. Read the rest of this entry »

Baseball trades are at their most interesting when they involve players with notable skill sets and teams with widely varying needs. Here, take my Luis Arraez, and I’ll take your Pablo López in return. Your Zac Gallen for my Jazz Chisholm. I suppose the Marlins are, in this way at least, my platonic ideal of a baseball team. But not all trades are like that. Some trades barely care about the skillsets of the players involved and instead depend to an annoying amount on their contracts. Take this one, a trade from last week’s Winter Meetings:

Mariners Get:

• Jackson Kowar
• Cole Phillips

Braves Get:

• Jarred Kelenic
• Evan White
• Marco Gonzales

Read the rest of this entry »

The first few days of the Winter Meetings didn’t deliver much action; at breakfast on Wednesday, Erick Fedde versus Wade Miley as the biggest signing of the meetings was a popular debate. But things picked up as the gathering ground to a close. First, the Yankees traded for Juan Soto. Next, Eduardo Rodriguez agreed to terms with Arizona. Finally, Jeimer Candelario capped the meetings off when he signed with the Reds for three years and $45 million and a team option for another year, as MLB.com’s Mark Feinsand first reported.

Part of the allure of free agency, as a fan experience, is that you never know where any given player might land, or who your team might pick up. Sure, we all have opinions on where the top guys will sign, but until they put pen to paper, or at least until Jeff Passan gets a text about their chosen destination, nothing is set in stone. But if you’d asked me to predict signings that wouldn’t happen this winter, I would have made a lazy prediction: the Reds would stay away from hitters in general and infielders in particular.

That doesn’t have anything to do with Candelario, to be clear. I think he’ll be one of the bargain signings of the offseason, a plus bat with playable defense at third base on an affordable contract. A three-year deal nets the back half of his prime without too much messiness at the end of the contract, and he’s played at a 3–4 WAR clip in three out of the past four years. He’s been the 68th-best hitter in baseball by our count over those four years, just ahead of Luis Arraez and Ketel Marte in a similar number of plate appearances, if you’re trying to calibrate that in your head. Read the rest of this entry »

The appetizers have been cleared. The waiters have brought out new plates and utensils. There was a long wait between courses, something in the kitchen perhaps; Tom Colichio wouldn’t be pleased. But it’s time for the entree: the Yankees have acquired Juan Soto from the Padres in exchange for Michael King, Drew Thorpe, Jhony Brito, Randy Vásquez, and Kyle Higashioka. New York is also getting Trent Grisham in the deal. Soto and the Bombers have been linked all offseason, but it seemed like San Diego might hold off on a move until Shohei Ohtani signed with an eye toward marketing Soto to the teams who missed out. Instead, the Yankees jumped the queue and acquired perhaps the best hitter who was available this winter, whether by trade or free agency.

You already know the deal with Soto. He’s a modern-day avatar of plate discipline who won the Home Run Derby a few years ago. He’s walked more frequently than he’s struck out in each of the last four seasons while launching 104 homers. His 159 wRC+ is the fourth-best in the majors since the start of the 2020 season, behind new teammate Aaron Judge, Yordan Alvarez, and Mike Trout. His .431 on-base percentage laps the field; Freddie Freeman is second at .410. He’s durable, to boot: he started 160 games this year and pinch-hit in the other two. Read the rest of this entry »

The Yankees have been pursuing a left-handed corner outfielder all winter. They’ve telegraphed their willingness to trade, and trade multiple pitchers at that, to get their target. Last night, they did what they set out to do – at least, as long as you’re willing to take my words exactly literally. Sure, he’s not Juan Soto, but Alex Verdugo is now a Yankee, after the team traded Richard Fitts, Greg Weissert, and Nicholas Judice to the Red Sox.

For Yankees fans who have been following the sound and fury around a Soto trade in the last week, acquiring Verdugo almost feels like a joke played by Brian Cashman. “Oh, you wanted to improve our offense and get us some more left-handed hitting? Here you go! I did exactly what you asked for!” It’s not so different than your parents telling you that you don’t need to buy Lucky Charms at the grocery store because you have some at home, only to see a box of Generically Fortunate Oat-Shapes in the pantry when you run inside to check. Read the rest of this entry »

Come on, you knew Wade Miley was going to sign with the Brewers, right? He’s not exactly a lifer there. In fact, he’s spent most of his major league career elsewhere — Arizona, Boston, Seattle, Baltimore, Houston, Cincinnati, and Chicago, to be exact. He’s not from Milwaukee. But he just makes sense as a Brewer, and he knows it. He reportedly let his son make the final decision on whether he’d come back this year, and the verdict is in: one year and $8.5 million, with a mutual option for the 2025 season.

That’s not the only move Milwaukee made on Monday; the headline-grabber was making Jackson Chourio’s record-setting contract official. But even that wasn’t all. They also signed Joe Ross to a major league deal, as Robert Murray reported. Ross hasn’t pitched in the major leagues since 2021, but after missing most of 2022 rehabbing from Tommy John surgery, he averaged 96 mph on his fastball in 14 innings across three minor league levels for the Giants in 2023. Now, he’s back in the majors, though it’s unclear whether he’ll end up in the rotation or the bullpen.

Deals like these — moderately priced contracts for solid veterans with upside — have long been a Brewers specialty. They’ve benefited from a cornucopia of top pitching talent for the past half-decade, but they’ve supplemented it wisely as well. Miley’s 2023 season was a great example of that. He signed for $4.5 million last winter and threw 120 league-average innings, give or take some anomalous batted ball luck (his .234 BABIP was the lowest he’s allowed in his career). That was a huge coup for Milwaukee, which dealt with its fair share of pitcher injuries. Even on a tight budget, he was brought back for more of the same at roughly double the rate. Read the rest of this entry »

No one likes to talk about baseball as a business. Heck, I don’t like to talk about it, and I’m what passes for an expert in the subject around here. It’s tedious, the creeping financialization of everything in life. Baseball should be the crack of the bat and the glint of sunglasses as an outfielder charges across the grass towards a smashed line drive, not an accounting ledger filled with contracts and receipts. But inevitably Major League Baseball, which often gets shortened to “baseball” as though it embodies the entire sport, is about profit, which means it’s about money.

There’s a storm brewing on that front. As Travis Sawchik deftly reported over at The Score, the old way of doing business is standing on wobbly legs. Local TV deals make up a sizable portion of the league’s overall revenue. That makes perfect sense – baseball is a regional game, and its biggest draw, from an entertainment standpoint, is the sheer size of its inventory. Teams play 162 games a year, all through the hardest times to fill programming – the dog days of summer, Saturday evenings, national holidays, you name it. Sportico estimated that teams were paid roughly $2.25 billion for local broadcast rights in 2023. Read the rest of this entry »