Is it premature to call Michael Brantley the best free agent signing of the 2018-19 offseason? Probably, but that depends on how one defines “best.” Also important are the words “so far,” which are admittedly not in the initial question, but are still significant nonetheless. If we are trying to determine a total return on investment, we’d need to evaluate the impact of many factors, including those not specifically seen on the field.

By this process, one could argue that Bryce Harper has been the “best” free agent so far, generating increased interest in baseball in Philadelphia (attendance numbers are an indication of this) and setting the professional sports record for most jersey sales in the first 24 hours of a launch. Those are certainly positive numbers for the Phillies’ brass, but that’s not what I’m looking at here.

Narrowing our focus down to on-field production alone, no 2018-19 free agent signee has been better so far than the Astros’ new outfielder. Though 37 games, Brantley has produced 1.7 WAR, putting himself in first by a 0.4-win gap over the next closest player, Charlie Morton. He’s half a win ahead of the next position player, with Eduardo Escobar and DJ LeMahieu each having been worth 1.2 wins. Read the rest of this entry »

These are notes on prospects from lead prospect analyst Eric Longenhagen. Read previous installments here.

I turned last Thursday’s edition in too late for publication (I lost track of time at an Extended game) but certainly won’t deprive you of the notes I have from that day. Here they are:

Xavier Edwards, SS, San Diego Padres
Level: Low-A   Age: 19   Org Rank: tbd   FV: 45+
Line: 5-for-5, 2B

Notes
After 21 Low-A games, X is hitting .390/.450/.455 and has walked more than he has struck out. He has just one extra-base hit and has been caught stealing a bunch, but even for one of the more advanced high school bats from last year’s class, this is a strong start. Gabriel Arias was just put on the IL at Hi-A Lake Elsinore and Edwards has out-performed Justin Lopez and Tucupita Marcano, so he might be in line for a quick move up depending on the severity of Arias’ injury.

Yordan Alvarez, LF/1B, Houston Astros
Level: Triple-A   Age: 21   Org Rank: 7   FV: 50
Line: 6-for-8, 2 2B, HR, BB (double header)

Notes
The use of the major league baseball at Triple-A combined with the PCL hitting environment has had, um, some impact on offensive performance. It’s important to keep this in mind when considering what Alvarez has done so far, though his line through 23 games — .386/.474/.916(!) with 12 homers — is remarkable. Notably, several of those homers have come against breaking balls, which Alvarez is particularly adept at identifying and adjusting to mid-flight. He does not have a sellout, max-effort swing — this power comes easy and it plays to all fields, as seven of Alvarez’s homers this season have been opposite field shots. He was toward the back of our 50 FV group pre-season because of concerns about his body and defensive limitations, but he’s hitting like someone who belongs toward the front of that tier, up near Pete Alonso. Read the rest of this entry »

These are notes on prospects from lead prospect analyst Eric Longenhagen. Read previous installments here.

Yohan Ramirez, RHP, Houston Astros
Level: Hi-A   Age: 23   Org Rank: NR   FV: 35
Line: 4.1 IP, 1 H, 1 BB, 0 R, 8 K

Notes
Ramirez has been up to 97 and is sitting 92-95 while making heavy use of an above-average curveball. Spinwise, he averages about 2300 rpm on his heater, and 2500 on the curve, which is relatively tame for Houston prospects. His changeup is a distant, tertiary offering. He’s K’d 30 in 20 innings so far, but looks like a two-pitch relief candidate at most.

Zach Plesac, RHP, Cleveland Indians
Level: Double-A   Age: 24   Org Rank: HM   FV: 35
Line: 6.2 IP, 4 H, 0 BB, 1 R, 9 K

Notes
Plesac’s velocity is up. He sat 90-94 in college and was back in that range following Tommy John, but this season his fastball is averaging about 94 and bumping 97. His changeup is plus, and he is throwing a lot of strikes, something that he didn’t do as an amateur. There’s still not a great breaking ball here and that might limit Plesac’s role, but he’s starting to look like a near-ready bullpen option, at least. Cleveland continues to do quite well developing college changeup artists.

Rico Garcia, RHP, Colorado Rockies
Level: Double-A   Age: 25   Org Rank: tbd   FV: 35
Line: 6.2 IP, 4 H, 0 BB, 0 R, 11 K

Notes
Garcia will sit 93-96 and touch 97 early in outings but lose command and zip later in starts. There are a variety of opinions about Garcia’s delivery, as one source thinks his deliberately paced mechanics are easy for hitters to time, while another thinks Garcia hides the ball really well. He’ll flash an above-average changeup and slider, and shows an ability to manipulate the fastball to sink and cut at various times. He’s more of a middle relief candidate than potential rotation piece, but it appears Colorado has found a big league piece in the 30th round.

These are notes on prospects from lead prospect analyst Eric Longenhagen. Read previous installments here.

Yordan Alvarez, 1B, Houston Astros
Level: Triple-A   Age: 21   Org Rank: 7   FV: 50
Line: 2-for-4, HR, 2B

Notes
It’s important that we look at Triple-A statistical performances (especially in the PCL) in a different light given what is transpiring with the baseball itself, but we can still appreciate Alvarez’s blistering start with that in mind. After a little over two weeks, he’s slugging .870; nine of his 17 hits have been home runs, and he has one more walk than strikeout thus far. He’s played eight games in left field, five at DH, two at first base, and one in right field. Most all of Houston’s big league hitters are mashing right now (Tyler White is hitting lefties, at least), so there’s not an obvious short-term path to big league playing time here. If anyone goes down though, perhaps Alvarez will get the call instead of a struggling Kyle Tucker. Read the rest of this entry »

These are notes on prospects from lead prospect analyst Eric Longenhagen. Read previous installments here.

Lewis Thorpe, LHP, Minnesota Twins
Level: Triple-A   Age: 23   Org Rank: 12   FV: 40
Line: 5.2 IP, 4 H, 1 BB, 2 R, 12 K

Notes
After two middling starts to kick off his season, Thorpe was dominant yesterday and K’d 12 of the 22 hitters he faced, all on either a fastball at the letters or with a curveball beneath the strike zone. He has quite the injury history (including a two-year stretch where he didn’t pitch at all) and it has impact on how the industry perceives him, which is why he’ll be ranked a bit beneath where he would otherwise be based on his stuff and proximity to the majors. But Thorpe has been consistently healthy since May of 2017, which may begin to allay concerns.

Cody Thomas, OF, Los Angeles Dodgers
Level: Double-A   Age: 24   Org Rank: tbd   FV: 40
Line: 4-for-4, 3 HR

Notes
The Dodgers have done well drafting and developing college power/speed hitters who are athletically stiff, have some swing and miss issues, or both. Thomas, who will be an interesting Rule 5 case this offseason, is one of these. He’s striking out a lot as a 24-year-old at Double-A, but some teams may view the context of his performance differently because Thomas was a two-sport college athlete who hasn’t focused on baseball for as long as other prospects his age. The Dodgers will need to add several other players from Thomas’ draft class to the 40-man (Will Smith, Mitch White, Jordan Sheffield, Tony Gonsolin), so Thomas would seem to be a candidate for trade if a team loves the tools, ability to lift the baseball, and has some 40-man space/time to spare to let him develop further.

Oscar Mercado, CF, Cleveland Indians
Level: Triple-A   Age: 24   Org Rank: 12   FV: 45
Line: 3-for-4, 2B, BB, 4 SB

Notes
Cleveland outfielders, aside from Leonys Martin, are struggling right now. Mercado has begun to heat up at Triple-A with hits in five consecutive games. If he starts seeing more time in a corner, it may be an indication a call-up is imminent, because he’s not supplanting Martin in Cleveland’s center field. He’s only started 23 games in either left or right field during his career, and it might behoove Cleveland to get him more acclimated.

Ty France, 1B/3B, San Diego Padres
Level: Triple-A   Age: 24   Org Rank: tbd   FV: 40
Line: 2-for-5, 2 HR

Notes
The Hosmer and Machado deals almost certainly make France a burgeoning trade chip. He’s exactly the kind of hitter to whom the PCL is extra nice, but he’s hit at every level since college and, save for one season, has also hit for power, and his current SLG% is more caricature than mirage. France also had a great spring with the big league club and is on the 40-man, so he’s likely to debut this year if one of the big league corner bats gets hurt, though San Diego might view that as a way to clear their outfield logjam by playing Wil Myers in the infield again.

Tyler Ivey, RHP, Houston Astros
Level: Double-A   Age: 22   Org Rank: 14   FV: 40+
Line: 5 IP, 2 H, 0 BB, 0 R, 8 K

Notes
A quintessential Houston four-seam/curveball pitching prospect, Ivey at least projects as a good multi-inning reliever and his four-pitch mix gives him a great chance to start. He was ejected two innings into his last start for having a foreign substance on his glove. He’s a sleeper 2020 Top 100 candidate.

More on Keoni Cavaco
There’s background on Cavaco in yesterday’s Notes. I saw him again yesterday against Torrey Pines High School and he had a tough day at the plate, swinging over multiple changeups from TPH’s funky lefty starter. There are going to be questions about his hit tool because of both the swing (inconsistent, arguably ineffectual stride length, odd hand path) and his lack of track record against elite high school pitching, and maybe about what his ultimate defensive position will be, but he’ll be somebody’s toolsy sandwich round pick.

Also of note from the game was Torrey Pines CF Mac Bingham, a 2019 committed to USC. He’s a strong, compact 5-foot-10, 185, and was the football team’s running back in the fall. He made strong contact with two hittable pitches, and ran a 55 time from home to first while legging out a double. The frame makes the power projection less exciting and one area scout told me the general consensus is that Bingham will go to school, but he’s at least an interesting, tools-based follow for 2022 if he does.

These are notes on prospects from lead prospect analyst Eric Longenhagen. Read previous installments here.

Seuly Matias, RF, Kansas City Royals
Level: Hi-A   Age: 20   Org Rank: 1   FV: 45+
Line: 3-for-4, 2B, 3B
Notes
Matias’ 34% career strikeout rate is a sizable red flag that ultimately is what kept him off our overall prospect rankings. With a few exceptions, even the most whiff-prone big leaguers struck out less than that when they were in the minors. But so gifted and physically dominant is Matias that we think he’ll be effective, even if it’s in a streaky, inconsistent way like Domingo Santana or Carlos Gomez. As a teen, he was already posting exit velocities on par with burly, Quad-A type hitters. We hope he learns to take a walk, but “Randal Grichuk with more raw power” is a good player, so we’re cautiously optimistic that the Royals at least have a good big leaguer here, and a potential superstar if there’s contact/approach refinement, which is admittedly easier said than done.

Nolan Gorman, 3B, St. Louis Cardinals
Level: Low-A   Age: 18   Org Rank: 3   FV: 50
Line: 2-for-5, 2 HR
Notes
The Cardinals gave Gorman some reps with the big league team during spring training, and a scout told me they thought it would make Low-A, where Gorman struck out 37% of the time for a month of 2018, appear slower and easier by comparison. He has reached base in each of his 2019 games, and six of his 10 hits have gone for extra bases. We considered Gorman one of the more advanced high school bats in last year’s class (he and Jarred Kelenic were the only two in that top tier) and thought he might move quickly if the strikeout issues that popped up during his senior spring could be remedied. It looks like Gorman is just going to strike out a little more than is ideal, but he also appears poised for a quick move to the upper levels of the minors. When is the right time for promotion? I’d give opposing pitchers the chance to make adjustments to Gorman, and vice versa, which means waiting until mid-May when he sees Beloit, Quad Cities, Wisconsin, and Cedar Rapids for the second time. If he hits until then, and those clubs can’t find a way to get him out the second time they see him, perhaps we see Gorman in Hi-A just after he turns 19.

Joey Bart, C, San Francisco Giants
Level: Hi-A   Age: 22   Org Rank: 1   FV: 55
Line: 2-for-5, HR, 2B, BB
Notes
Nothing to see here as Bart should be expected to hit for power in the Cal League both because of its offensive environment and because last year he teed off on ACC competition, which is second only to the SEC, in my opinion. It’s ironic that the top two picks in last year’s drafts seem likely to be ready for the majors well before their parent club is likely to be competitive, but perhaps it will behoove the Giants to move Bart to Double-A semi-early this summer if for no other reason than to get him working with that pitching staff, which I think has more future big league teammates on it than the group in San Jose does.

Josh Naylor, DH, San Diego Padres
Level: Triple-A   Age: 21   Org Rank: 11   FV: 50
Line: 3-for-6, 2 2B
Notes
Naylor should be monitored closely because he’s the type of hitter who could explode if he makes a relevant approach change. He has both huge raw power and excellent bat control, but his willingness to offer at pitches he can’t drive had limited his power output until 2018, when he homered 17 times at Double-A. If he learns to attack the right pitches, he’ll hit so much that it won’t matter that he doesn’t really have a defensive home. As Naylor is just 21, we’re cautiously optimistic that he will. It’s too early to draw conclusions from his stats but his pull% is currently much higher than is usual.

Trying New Things
I noticed two odd things while combing box scores last night. First, Astros prospect Myles Straw (17th on the Astros list) has been playing shortstop. A quick perusal of the interwebs unearthed this article in the Houston Chronicle, which reports that the Astros will give this a try for a few weeks and see if Straw can actually play there. Their upper levels have been so crowded with outfielders that many of those players have been traded, and seeing as Straw’s best tool (his defense) is made redundant by Jake Marisnick, it makes sense to explore his defensive versatility.

Similarly, the Rangers are trying 1B/LF/3B Andretty Cordero at second base. Unlikely to do enough damage to profile at first (where he’s seen the most time), Cordero’s bat was still notable enough to include him in the Others of Note section of the Rangers list. Should he prove passable at second base, he’ll be much more relevant.

Former shortstop Javy Guerra of the Padres has moved to the mound, and I’ve been told he’s sitting in the upper-90s with natural cut. He’s on the San Diego 40-man.

If you watch enough baseball, players start to blend together in your brain. You know what I’m talking about — Corey Seager is injury-prone Carlos Correa. Ozzie Albies is caffeinated Jose Altuve (no small feat, since Altuve is a Five Hour Energy spokesperson). Newly minted $100 million man Alex Bregman is Anthony Rendon with good hair. The Bregman/Rendon comparison occurred to me even before I saw Bregman play. A highly-drafted college third baseman with an excellent all-around game? More power than you’d think despite a swing that seems designed to put the ball in play? Probably a little better at baserunning than you’d expect, even if he isn’t a burner? Yeah, that pretty much covers both guys.

Nothing Bregman has done since reaching the majors has changed this early comparison in my mind. Between 2017 (Bregman’s first full year in the bigs) and 2018, he’s recorded a 141 wRC+ to Rendon’s 140. Bregman has walked 11.3% of the time, Rendon 11.6%. Bregman has struck out 13.7% of the time to Rendon’s 13.6%. Bregman has a .219 ISO; Rendon’s is .230. Bregman has 50 home runs; Rendon has 49.

You get the general idea — both players have been incredible, and both have done it in really similar ways. Rendon has been worth 13 WAR over the past two years, second-best among third basemen. Bregman has been worth 11.1 WAR, good for fourth. Here’s another thing they have in common — they were both among the most extreme swing-rate changers from 2017 to 2018. Plot twist, though! It was in opposite directions. Bregman decreased his swing rate by the third-most among qualified hitters, while Rendon increased his by the second-most. Yes, we’ve finally found a place where Anthony Rendon and Alex Bregman are different — extremely different.

For Alex Bregman, 2017 must have been a mix of satisfaction and frustration. His 217 PA in 2016 exhausted his rookie eligibility, and while he held his own in his first big league action (114 wRC+), he looked very much like someone struggling to adjust to big league pitching. He struck out in 24% of his plate appearances, light years higher than his 10% career minor league rate (and 7.5% college rate). His swinging strike rate was 11.8%, meaningfully above league average. In short, he didn’t look like the hitter scouts expected him to be. Read the rest of this entry »

Where Chris Sale’s extension provides a long-awaited windfall for a pitcher who has been significantly underpaid for years, Justin Verlander’s puts him back near the top of the pay scale. The 36-year-old Astros righty, who could have become a free agent after this season, has agreed to a two-year, $66 million extension that will take him through the 2021 season. The deal’s $33 million average annual value surpasses that of every pitcher but Zack Greinke, whose $34.417 million per year actually has an AAV of just $32.5 million for Competitive Balance Tax purposes.

Verlander is currently in the final guaranteed year of a seven-year, $180 million extension that was the largest ever for a pitcher at the time it was signed with the Tigers in March 2013. That deal surpassed the seven-year, $175 million pact of Felix Hernandez, and trailed only Roger Clemens’ one-year, $28,000,022 million contract for 2007 in terms of AAV. Clayton Kershaw, Max Scherzer, David Price, and Greinke have since surpassed both the size of Verlander’s old deal and the AAV of Clemens.

What’s keeping Verlander near the top of the pay scale, of course, is performance. Thanks in part to an increase in slider usage and an accompanying decrease in the pitch’s velocity — producing a larger separation from a fastball that still averages 95.4 mph according to Pitch Info — he’s pitching about as well as he has at any point in his 14-year major league career. In 2018, his 214 innings, 290 strikeouts, 34.8% strikeout rate, 30.4% K-BB%, and 6.7 WAR all led the American League, while both his 2.52 ERA and 2.78 FIP ranked third. His strikeout total set a career high and marked the fifth time he’s led the league, while his strikeout and walk rates (4.4% for the latter), their differential, and his FIP were all career bests. His ERA was his lowest mark since 2011, when he won both his lone Cy Young award and the AL MVP, and his WAR was his highest mark since 2012. For the second time in three years, and the third time in his career, he finished as the runner-up in the Cy Young race.

Over that 2016-18 span, a period that represents a rebound from a two-year dip that suggested his time as an ace had passed, Verlander led the majors in starts (101) while ranking second in innings (647.1), third in strikeouts (763), fourth in WAR (16.3), and fifth in K-BB% (23.1%). His surge has pushed him past the 200-win mark and towards the 3,000 strikeout milestone (he’s at 2,706) while strongly advancing his Hall of Fame case (he could surpass 2019 honoree Roy Halladay in the JAWS rankings this year). His return to ace form helped the Astros win their first World Series in 2017 — Verlander pitched to a 2.21 ERA in five starts and one relief appearance that fall, winning ALCS MVP honors — and set a regular season wins record (103) in 2018 while advancing to the ALCS.

With the Astros geared to contend for another championship, it’s no wonder that they want to keep the pitcher, whose August 31, 2017 arrival from the Tigers helped put them over the top, around for even longer, and it’s no wonder he wants to stay. “I wasn’t scared of free agency or what’s going on. I just thought this was a good situation,” Verlander said on Sunday. “If it ain’t broke, don’t fix it.”

The Astros aren’t broke or broken, but nonetheless, Verlander’s wording is striking, because in February, while the free agencies of Bryce Harper and Manny Machado appeared to be stalled, and so many other players were unsigned, he was openly critical of the current state of affairs, calling the system “broken.”

Verlander isn’t the only star who has expressed concern about the state of free agency this winter on Twitter. Jake Arrieta (here), Sean Doolittle (here), and Evan Longoria (here) come to mind as well, and many more have made their feelings known through reporters when it comes to the inefficiencies in the game’s economic structure. One can read Verlander’s decision to re-sign with the Astros as wariness of entering the free agent market, but as with Sale re-upping in Boston, it’s not hard to imagine either player looking at their current surroundings, seeing a perennial contender awash in resources, and deciding that they were in no hurry to depart, particularly while being well-compensated for staying.

For the players’ union, the decisions of Verlander, Sale, Nolan Arenado, Paul Goldschmidt, and Mike Trout to sign extensions with their current teams means fewer stars are available to raise the bar salary-wise in free agency since no other team is bidding directly on those players’ services. But this isn’t exactly new. According to Cot’s Contracts, 15 of the 30 largest contracts of all time (unadjusted for inflation) were signed as extensions, and the same is true for 15 of the top 29 (or 16 of the top 33, since four players are tied for 30th) in terms of AAV, with the aforementioned players near the top of at least one of the two lists. Adjusted for inflation (by Craig Edwards’ methodology), it’s 10 of the top 25 for the former.

For teams in search of that missing piece in free agency, the thinner inventory means a lower likelihood of wild spending, and could lead to changes in roster management strategies. Hypothetically speaking, if the Astros entertained thoughts of pursuing Sale — a dominant pitcher six years younger than Verlander — after this season, their desire to extend Verlander might be higher once the apple of their eye is off the market. In that light, will be interesting to see, for example, how the Yankees treat Aaron Judge (whom they’re said to want to extend) now that they know they won’t have a shot at Trout.

As it is, the free agent market after this season could still include Verlander’s teammate, Gerrit Cole; while he’s an extension candidate, recent talks between the Astros and his agent, Scott Boras, reportedly didn’t get far. Madison Bumgarner, Rick Porcello, Hyun-Jin Ryu, Zack Wheeler head the pitchers’ list, with Jake Arrieta, Yu Darvish, and Stephen Strasburg all holding opt-outs, and pitchers such as Chris Archer, Corey Kluber, and Jose Quintana having club options.

That actually looks like a deeper market than this winter, where Partrick Corbin, the still-unsigned Dallas Keuchel, Nathan Eovaldi, and Charlie Morton were the top starters on our Top 50 Free Agents List. But if, in theory, a lesser inventory isn’t just a cyclical development, well, it’s difficult to imagine too many fans bemoaning the decline of free agency as we know it, given the tendency of beloved homegrown players to depart for bigger-spending teams. Then again, one can only hear so many Twins fans complain about the salary of Joe Mauer or Reds fans about that of Joey Votto before wishing that those two stars had gotten their chances for even bigger paydays from the likes of the Yankees, Red Sox, Dodgers, or Cubs. Of course, the real issue is the expectation and tendency of teams to pay free agents for what they’ve already accomplished, rather than what they will accomplish; the players’ need to cash in given their vast underpayment (relatively speaking) in their pre-free agency years. Getting back to Verlander’s point, that’s quite clearly a system in need of a fix.

As for Verlander, the $66 million isn’t unreasonable as far as paying for what he might yet accomplish. He’s projected to produce 5.2 WAR this year according to our depth charts projections, and if we simply presume a half-win annual drop-off from there, and apply the conservative assumptions about the market ($8 million per win for this winter, with 3% inflation) that I’ve used in examining other extensions, that’s already an estimate of $74.4 million worth of production via 8.9 WAR. The break-even point under those conditions is about 8.0 WAR, and less if the dollars per win rate is higher. This isn’t that complicated.

For the Astros, retaining Verlander means guaranteeing the presence of at least one front-of-rotation type beyond this season, important given Cole’s pending free agency. The current unit is rounded out by Collin McHugh, Wade Miley, and Brad Peacock, all solid but unimposing, with prospects Forrest Whitley (number four on our Top 100 Prospects list), Joshua James (number 98) and Framber Valdez waiting in the wings, and Lance McCullers Jr. out for the year due to Tommy John surgery. Even with Verlander in the fold, that’s a lot of uncertainty heading into 2020. Meanwhile, Keuchel, a mainstay of the Astros’ rotation from 2012-18, remains a free agent.

So the Astros will have more to sort out regarding their rotation even having taken care of business with Verlander. Nonetheless, they’ve locked up one of the best in the game at a price that he should be pleased with.

Coming on the heels of Mike Trout’s humongous contract extension, news broke that Alex Bregman and the Astros had agreed to an extension of their own worth $100 million, with Mark Berman first to report the deal. While the Trout contract is the biggest of all time, the Bregman deal is not without intrigue. Bregman, who was still a full year away from arbitration, is the first star-level player to sign a pre-arb contract extension in nearly five years. The last player at or above Bregman’s level of production to sign a contract like this was Trout, who signed his six-year, $144.5 million contract back in 2014.

Since 2014, the number of contract extensions buying out free agent years has decreased. When Luis Severino signed his deal earlier this offseason, Jeff Sullivan ran the numbers on the quantity of extensions by offseason, providing this graph.

In the five years leading up to the 2014 season, there were about 25 or so extensions per season, and in the five years since, the numbers have dropped in half. Since Severino signed, we have had Jose Leclerc, and now Alex Bregman, but those extension figures aren’t going up a ton this year. It isn’t just that the number of extensions have gone down; the quality of players signing those extensions has declined as well. We saw Trout’s big deal ahead of the 2014 season; the year before, Buster Posey, who was Super-2 arbitration eligible, signed an even bigger contract covering more seasons. It was Andrew McCutchen the year before Posey. Matt Carpenter and Jason Kipnis, who were several years older than Bregman but also coming off very good years, signed six-year deals with options guaranteeing themselves around $50 million each. Read the rest of this entry »

It wasn’t the biggest extension announced yesterday — it wasn’t even the biggest Astros extension announced yesterday — but Ryan Pressly’s two-year, $17.5 million deal with Houston, which was first reported by Chandler Rome, was a big deal for Pressly, a big deal for Houston, and a big deal for relievers. The deal will pay Pressly $2.9 million in 2019, his final arbitration year, then $8.75 million in each of 2020 and 2021. There’s a vesting club option for 2021, as well. It’s believed to be the biggest extension ever signed by a reliever not expected to close games for his team (that’s still Roberto Osuna’s job, at least for the time being) and is a tremendous accomplishment for a player who had a 4.70 ERA (with a 4.36 FIP) as recently as 2017.

But of course that 2017 performance isn’t what the Astros are paying for. They’re paying for what he did in Houston last August and September (which is strike out 32 men and walk just three in 23.1 innings pitched) and what they think he can do for them going forward (which is presumably more of the same). Héctor Rondón, Joe Smith, Collin McHugh, and Will Harris are all expected to become free agents at the conclusion of the 2019 season, and locking Pressly up now means the Astros will have one less thing to worry about next winter. For Pressly, this deal gives him the job security that has absolutely never been a guarantee in the years since he signed with the Red Sox as an 11th-round pick back in 2007.

The conventional wisdom is that relievers are inherently volatile — with a few, Mariano Rivera-shaped exceptions — and so giving them multi-year contracts is the kind of thing you only do when you’re competing for their services on the open market. You certainly wouldn’t expect to see a forward-thinking team like the Astros locking up a reliever with such a short track record of success — during his time in Minnesota at the beginning of 2018, Pressly had a 3.40 ERA and a 2.95 FIP — for two additional years when they’re competing against nobody but themselves. Read the rest of this entry »