Major league baseball remains in a holding pattern. There’s a lockout, the two sides are intermittently negotiating, and nothing can happen until they reach an agreement. That’s major league baseball, though, not all of baseball, and some interesting economic shenanigans are afoot across the minors.

As Baseball America’s J.J. Cooper reported last week, Endeavor Group Holdings is purchasing nine minor league baseball teams: the Gwinnett Stripers, Mississippi Braves, Rome Braves, Augusta GreenJackets, Iowa Cubs, Scranton/Wilkes-Barre RailRiders, Memphis Redbirds, Hudson Valley Renegades, and San Jose Giants; The Athletic’s Daniel Kaplan and Evan Drellich first reported the possibility in October. These transactions aren’t yet final, but they’re very likely to be approved, which will make Endeavor (via new subsidiary Diamond Baseball Holdings) the largest MiLB owner.

Endeavor, a publicly traded company partially owned by private equity group Silver Lake Partners, is already in the business of sports, though not specifically minor league baseball. They own a little bit of everything, from agencies to sports organizations. Their marquee holding is the UFC, but seriously, the list is endless: Professional Bull Riding, Euroleague Basketball, the IMG Academy that turns out baseball prospects, the Madrid Open, the William Morris Endeavor agency. It’s a broad portfolio, much of which is made up of directly-sports-related operations; an arm of the company also sells media rights for the Olympics.
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John Means is the best pitcher on the Baltimore Orioles. In a different world, that might be exciting to Baltimore fans as the team builds a contender. An 11th round draft pick in 2014, Means climbed the minor league ladder, burst into the majors with a 3.60 ERA in 2019, and started throwing harder over the subsequent years. Can he be the best pitcher on a playoff team? I’m skeptical. But can he be the third-best? Definitely, and that’s a really cool outcome for someone who was never supposed to make it this far.

Of course, modern baseball being what it is, Means likely won’t be on the next playoff team in Baltimore. Instead, he’ll probably get traded for whatever the O’s can get, because he’s arbitration-eligible and only three years from free agency. You don’t build generational team wealth by passing up the opportunity to trade your good players for future considerations, at least not the way Baltimore is attempting to build for the future. The team is reportedly looking to trade Means, and I think they’ll find a match. So let’s talk about what the team that wins the Means bidding will be getting for their prospects and salary relief.

If you trade for Means, you’re not doing it for the strikeouts. You could look at his career numbers to tell you that, or you could look at his performance in his last 14 starts after returning from an IL stint. He struck out only 20% of the batters he faced, which isn’t cover-your-eyes bad but definitely shouldn’t top your rotation. Read the rest of this entry »

With last week’s lockout of the players by ownership, the league has frozen all transactions for the foreseeable future. That’s bad news — but it also makes this a good time to take a snapshot of team payrolls, because there are no new deals coming down the pipe to mess up the analysis midway through. As such, the following is an update on each team’s payroll as it stood at the start of the lockout. Here are our team-by-team RosterResource projections:

A few notes, some of which will likely be familiar to you if you followed past versions of this exercise written by former FanGraphs writer Craig Edwards. The above data counts salaries for 2022, not average annual values. It includes estimates for arbitration, as well as estimated minimum salaries paid throughout the season; our payroll pages currently use the 2021 league minimum, but that number could change in the upcoming CBA. The numbers don’t include incentive bonuses, or a few specific CBA wrinkles, such as the approximately $2 million that teams pay to players who aren’t in the majors but are on the 40-man roster or the roughly $16 million per team spent on player benefits. They also don’t include as-yet-unsigned free agents, naturally.

The Mets’ recent signing spree, combined with the Dodgers’ losses in free agency, has seen the two teams change places at the top of the payroll standings (somewhat surprisingly, the Mets finished as the second-highest spenders in 2021). All told, there are three teams (the Mets, Dodgers and Yankees) that are currently projected for more than $200 million in player salaries in 2022, the same number (and the same teams) as last year. Meanwhile, there are two teams (the Pirates and the Guardians) with projected payrolls below $50 million, one more than last year, and neither of those teams is likely to make meaningful free agent signings when transactions resume. Read the rest of this entry »

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You already basically know how these free agent pieces go. Team signs player! The player makes sense for the team, because, well, that’s why they signed him. If you look on the bright side, it could be a great fit. If you inject a little realism, there’s certainly a chance it doesn’t end up in smiles all around. Throw in some analysis and projections, and bam, you’ve got an article going.

As is probably clear from that introduction, I’m not doing that today. Baseball is a real bummer right now. I might spend the next week trying to understand the phrase “defensive lockout,” which makes about as much sense as the Rockies’ personnel decisions. There won’t be much news at all, and what news there is will feature headlines like “League accuses MLBPA of witchcraft.”

Forget all that. Before the curtains closed, the Red Sox signed Rich Hill to a one-year deal for $5 million plus incentives. Good God, does Rich Hill love the Red Sox. This is already his seventh time signing with them (2010, 2010 again, 2011, 2014, 2014 again, 2015, and now 2021). He’s from Milton, 10 miles (or 45 minutes in miserable traffic on the 93) from Fenway Park. He attended the 2004 championship parade with his dad, for crying out loud. Read the rest of this entry »

The Los Angeles Dodgers’ brand is synonymous with superstars. It’s Clayton Kershaw, Mookie Betts, and deadline trades for Max Scherzer. Have a problem that needs a hammer? The Dodgers will bring two hammers, and they’ll have Walker Buehler on standby just in case. Those are the perks of having both one of the shrewdest front offices in baseball and one of the highest payrolls in the sport every year.

It’s funny, then, that Chris Taylor is one of the team’s greatest success stories. Taylor came to the Dodgers as an afterthought, in exchange for Zach Lee, a minor league pitcher who made all of 14 starts in the Seattle system before the team waived him. Six years later, Taylor is again headed to Los Angeles — but this time he’s doing it as a very rich man rather than a career minor leaguer. He and the Dodgers agreed to a four-year contract worth $60 million, as Ken Rosenthal reported. The deal also contains a team option for a fifth year.

All of that stuff I said at the top about the Dodgers and stars? It’s true, but the Los Angeles roster relies on positional versatility to make everything work. Taylor is the poster boy for this style: he played at least 50 innings at second, third, short, left, center, and right last year. Corey Seager injury? Taylor can fill in. Strange lineup with Max Muncy at second and Cody Bellinger at first? Taylor can flip to center — or to third base if Justin Turner needs a breather. Seager is gone, but with Trea Turner as a one-for-one replacement, Taylor will likely continue to get near-everyday playing time without a true home in the field. Read the rest of this entry »

There’s something satisfying about the perfect trip to the grocery store. If you’re anything like me, you know what I’m talking about: you have a list of a ton of things you can’t wait to eat, you cross each of them off as you throw them in your cart, and by the time you reach the cash register, you can almost taste the delicious meals you’ll be eating the rest of the week.

Why bring this up now? Because that’s how I imagine Al Avila feels after signing Javier Báez, with the Tigers inking the ex-Cubs shortstop to a six-year, $140 million deal last night, as Jon Morosi first reported. Front-line starter. Shortstop. Catcher. The Tigers came into this offseason looking to place star veterans around their burgeoning youth movement, and with Báez in tow, they’ve now landed a top hitter to go with a top pitcher, just like they planned.

Báez played second base after his trade to New York last season, but he’s a natural fit at shortstop. He’s a plus defender with a knack for making spectacular plays, but even without those flourishes, he’d be an asset in the field, with a huge arm and solid range and instincts. Of the marquee shortstops in this class, Báez and Carlos Correa are first and second, and no one else is in the same stratosphere.
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The clever introductions to early free-agent signings have all been used up. It’s November 30, and more than a third of the top 25 players on the market have already signed. That’s an unprecedented pace, one that ran me out of headlines sooner than expected. So, uh: Kevin Gausman is going to the Blue Jays, and that’s really neat! The deal is for five years and over $100 million:

BREAKING: Right-hander Kevin Gausman and the Toronto Blue Jays are in agreement on a five-year, $110 million contract, sources familiar with the deal tell ESPN.

— Jeff Passan (@JeffPassan) November 29, 2021

I was wildly low on my prediction for Gausman’s contract when I previewed the top 50 free agents earlier this month. Why, then, would you want to read what I think of this deal? I’ll give you two reasons. First, you love reading about baseball; you’re browsing FanGraphs on November 30, like we covered up above. Second, I think that the solid market for Gausman says something about both him as a pitcher and the market as a whole, and who doesn’t like big sweeping pronouncements mixed with micro re-assessments? It’s a party for everyone. Read the rest of this entry »

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For years, 2022 has loomed large in the Minnesota Twins’ long-term planning. Their two franchise cornerstones, Byron Buxton and José Berríos, were both due to hit free agency after the 2022 season, which meant the team constructed many of its long-term plans with that year as a pivot point. Even when they traded Berríos for prospects at the 2021 deadline, next year still looked like a potential last hurrah with the current core before turning the team over to new blood.

Forget that idea. On Sunday, the Twins and Buxton agreed to a seven-year, $100 million contract extension that will keep him in Minnesota through the 2028 season; it also includes a full no-trade clause. The gem of Minnesota’s last rebuild will now be the face of the franchise throughout the peak of his career.

2021 was a microcosm of Buxton’s career to date. He was electric when he played, batting .306/.358/.647 with 19 home runs in only 254 plate appearances. He clubbed 19 doubles, stole nine bases (against just a single time getting caught), and channeled his aggression on pitches in the zone without flailing wildly. In the field, he was as good as ever, which is pretty darn good. Buxton is perennially one of the best center fielders in baseball, and this year was no exception. Every defensive metric agreed he was one of the best per-game defenders in the majors. Combine that with his offense, and he was worth 4.2 WAR in only 61 games. Read the rest of this entry »