Last week, Ben Clemens broke down the trade that sent Tyler Glasnow to the Dodgers, as well as the extension that Glasnow signed soon afterward. In this article, our focus is the conditional option at the very end of the contract. Before the 2028 season, the Dodgers have a $30 million team option. If they decline to exercise it, Glasnow has his own $21.5 million player option. When I read about the structure of the options, my first thought was to wonder why this doesn’t happen all the time. Here’s how Ben interpreted the situation:

“It seems likely to me that one of those two will be exercised; in my mind, it’s a five-year, $135 million deal with a $10 million kicker if he’s pitching well in year four. The circumstances where neither side exercises their option just feel much less likely than one side or the other being an obvious yes.”

I was inclined to agree. It is sort of like a performance bonus: Pitch well and we’ll bring you back for $30 million, but if you don’t, then you’ll be back for $21.5 million. The $8.5 million difference is a lot of money, but it’s also small enough that, depending on the market and their own particular health and performance, a player might not be certain that they’d make it up in free agency. It might just be easier and safer to stick around. The more I thought about it, though, the more wrinkles I saw. Read the rest of this entry »

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 »

Jed Bradley had just walked away from baseball when I featured him here at FanGraphs in May 2017. Six years removed from being a first-round draft pick, and seven-plus months after making the last of his half dozen big-league pitching appearances, the southpaw had decided that he “wasn’t happy doing it anymore, and life is too short to do something that doesn’t make you happy.” At age 26, Bradley set out to write the next chapter in his life.

Term papers followed, but so too did one last attempt to resurrect what had once been a promising career. Despite a still-balky shoulder that had factored into his farewell, the erstwhile 15th-overall pick couldn’t help but give the game he loves another shot.

“I had every intention of moving on with my life and never looking back,” recalled Bradley, who has since earned a law degree and is now a corporate attorney. “I re-entered college at Georgia Tech — the first time in over two decades I was outside of baseball entirely — and the hiatus lasted approximately three months before I found myself watching old World Series games on Youtube and following the latest trade rumors. Soon I was researching the efficacy of stem cells on shoulder injuries. I ended up flying to south Florida for stem cell injections, and from there I was driving to rehab sessions after classes trying to get my arm back in shape.”

Bradley graduated from business school, but the corporate world would have to wait. Armed with last-hope inspiration, he spent that summer on the mound for the New Britain Bees of the independent Atlantic League. Read the rest of this entry »

The top prospect designation is a curse as often as it is a blessing. The same goes for the star rookie label, and Gary Sánchez knows it well. While he has established himself as a serviceable big league catcher over the past six years, he still plays in the shadow of his star-making rookie and sophomore campaigns. And though he’s had his ups and downs, he’s been a solid player in the years following his lone Silver Slugger season. Since 2018, he ranks 10th among active catchers with 8.6 WAR; since 2021, he’s 14th with 4.6. Yet his reputation remains that of a disappointment. His struggles are amplified, and his successes are overlooked.

Sánchez went unsigned during the 2022–23 offseason, finally earning a minor league deal with the Giants on the second day of the regular season. After a month at Triple-A, he opted out of his contract, signing a new minor league deal with the Mets shortly thereafter. And although he did make his way onto New York’s active roster, his stay in the majors was brief; after three games, he was designated for assignment. It wasn’t until late May, when the Padres scooped him up off waivers, that Sánchez finally found a path to regular playing time.

Yet it’s not as if he had a terrible season the year before. In 2022, he ranked sixth among primary catchers in games played and 20th in innings behind the dish. By our calculation, he was worth 1.3 WAR, 22nd among catchers. That didn’t turn any heads, but 1.3 WAR was more than 12 teams got from the catching position in 2022. And it’s not as if he was due for regression. Despite his low .290 wOBA, he had a .321 xwOBA — slightly higher than league average, and significantly better than average for a catcher. While his power numbers were down, he tore the cover off the ball, posting hard-hit and barrel rates in the 92nd percentile. Heading into his age-30 campaign, his 50th percentile ZiPS projection for 2023 was 1.7 WAR. If you presume a win is worth about $8 million in free agency, that projection translates to $13.6 million on a one-year deal. 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 »

The Kansas City Royals had a disappointing season in J.J. Picollo’s first year as the team’s Executive Vice President/General Manager. Hampered by injuries and the underperformance of numerous promising young players, the AL Central club finished in last place with a dreadful 56-106 record. As Dayton Moore’s replacement — Picollo was promoted to the position on September 21, 2022 — told me during last month’s GM meetings, much more was expected.

My conversation with the Royals’ top executive came almost exactly a year after I first spoke to him about the vision he had for the team. I was curious about two things. First, how has the revamped pitching program we discussed in November 2022 progressed? Second, how does he view his first year on the job?

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David Laurila: We talked about your vision for the team, including the pitching development process, at last year’s GM Meetings. Have things gone pretty much as expected?

J.J. Picollo: “There is more to it than you realize. As much as you think you might be prepared for the lead role, you’re learning along the way all the time. Being able to make decisions quickly, and being able to communicate effectively across all departments in the organization, was a challenge. Looking back on it, last year we were heavily involved with our managerial search [and] a new pitching coach. The entire fall, right up to Christmas, we were hiring. We shared the vision of the organization in different ways.

“If I had to do it over again, we would have had organizational meetings in January. We’d have had that large group gathering so that the communication was clear on what we’re about and what we’re trying to accomplish. This year we did that. We actually did that the week after the season ended, so I feel a lot better about this offseason. I feel like it’s going to slow things down a little bit more this year. But again, there are a lot of things involved in this job. It’s a very different position than being an assistant.” Read the rest of this entry »

On Tuesday, the Royals continued to bolster a pitching staff that desperately needs bolstering, signing Seth Lugo to a three-year, $45 million deal, and Chris Stratton to a one-year, $4 million pact. After signing left-hander Will Smith over the weekend and infielder Garrett Hampson in late November, the Royals have been among this offseason’s most active teams on the free-agent market. With Lugo, the club has made its fourth-largest financial commitment to a free agent in franchise history, and the largest since signing Alex Gordon and Ian Kennedy to the two biggest contracts in franchise history after winning the World Series in 2015.

That Lugo will be made one of the richest Royals ever says more about the market size and the finances of the club than it does about his value, but he makes for a nice add for a team who came out of 2023 with a lot more questions (Jordan Lyles? Brady Singer? Daniel Lynch IV?) than answers (Cole Ragans!) in the starting rotation. Kansas City identified a target in a crowded starting pitching market and went after him with an aggressive offer, and they’ve landed our 22nd-ranked free agent of the winter. Stratton, meanwhile, gives them another veteran in the bullpen at a modest cost. 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 »

Last winter, Mets prospect Ronny Mauricio took the Dominican Winter League by storm, slashing .287/.335/.468 for Los Tigres del Licey and earning MVP honors. The 22-year-old was off to an even better start in the 2023–24 season, batting .433 with four extra-base hits in seven games, but all that ground to a halt on Monday. Facing rivals Las Águilas Cibaeñas, Mauricio attempted to steal second, but when he tried to make a sudden stop, his right leg buckled. On Tuesday, SNY’s Andy Martino reported that the injury is a torn anterior cruciate ligament. Although the Mets won’t put a timetable on his return until after he undergoes surgery, even the most aggressive rehab schedule would have him missing at least the first half of the season before getting his legs back under him in the minors. It’s grim news for a young player who was primed to get his first real shot at breaking camp with the big club. Read the rest of this entry »

The biggest domino of the offseason has fallen. Shohei Ohtani is the newest member of the Dodgers, and the discourse surrounding the unique nature of his contract could be enough to last the entire offseason. But for teams, the floodgates are now open to throw the money earmarked for Ohtani elsewhere.

Unfortunately, I don’t have Cody Bellinger or Yoshinobu Yamamoto news to report; it’s only been three days, after all. But the weekend did bring a couple more reliever signings, this time at least slightly more impactful than the wave of minor league and split contracts that characterized the early offseason.

Royals sign Will Smith to one-year, $5 million deal

Smith has been a solidly good, sometimes great reliever for a decade now, but his biggest claim to fame (aside from his name) is that he’s won rings in each of the past three World Series, each with a different club. His talents took him from Atlanta to Houston to Arlington, celebrating a championship in each city before promptly leaving for a new destination. His latest stop is a return home of sorts; Smith made his big league debut with the Royals back in 2012 as a starter, before being moved to the bullpen the next year and immediately taking off.

Smith has consistently found himself near the top of the league in strikeout rate thanks to his plus slider, which he threw nearly as much as his fastball before it was cool to do so. But he isn’t the pitcher he used to be before crossing the wrong side of 30, and his days as one of baseball’s premier late-inning arms are coming to an end. Read the rest of this entry »