The Giants made a giant splash on Tuesday night, signing the top free agent remaining, Carlos Correa, to a 13-year contract worth $350 million. One of the biggest free agents last year as well, he took a three-year deal with the Twins worth $105.3 million, but with an opt-out clause that allowed him to hit the open market if a second crack at it seemed like a good idea. After a .291/.366/.467, 140 wRC+, 4.4 WAR season in Minnesota, and an offseason with more owners more willing to make it rain than any year in recent memory, Correa took his shot. It was a well-aimed one.

BREAKING: Shortstop Carlos Correa and the San Francisco Giants are in agreement on a 13-year, $350 million contract, a source familiar with the deal tells ESPN.

— Jeff Passan (@JeffPassan) December 14, 2022

After Trea Turner got an 11-year, $300 million deal with the Phillies, and Xander Bogaerts landed $280 million from the Padres, it shouldn’t come as a surprise to see Correa comfortably clear the $300 million mark. While he didn’t have the best season of these three shortstops, he’s two years younger than Bogaerts and has a longer track record of success than the remaining elite shortstop, Dansby Swanson (and is a tiny bit younger). As I feel with the Turner or Bogaerts signing, this isn’t really a 13-year deal in a meaningful sense, and while the Giants will undoubtedly be overjoyed if Correa is still a star in 2035, that’s a long time from now. Spreading it out over 13 seasons allows his pre-benefit luxury tax number to be just under $27 million a year, something which seems like an unbelievable bargain right now. It’s technically a 25% pay cut from 2022!

Over 13 years, ZiPS actually guessed slightly less on this one, a departure from the big contracts signed this fall. ZiPS has seen enough in recent years to move to a piecewise function, valuing the first win at $5.26 million and subsequent wins at $9.33 million and a 3% yearly boost in both of those numbers. The percentage boost may seem miserly, but MLB’s salary growth has been short of inflation for a while and certainly way behind revenue growth, and helped by COVID, the average salary increased by only $70,000 between 2017 and 2021. MLB’s competitive tax threshold will remain a significant pain point, as will each number that puts a team into the next “tax bracket.” That first threshold barely budges over the life of the new CBA, only increasing 1.5% a year, from $230 million to $244 million.

In all, ZiPS projected a $382 million deal for Correa with the Giants, with $350 million getting you almost through the end of the 10th season of the contract (2032). The Twins apparently offered him a 10-year, $285 million agreement prior to his signing with the Giants; if Correa had an impeccable sense of timing, they displayed a rather poor one. Essentially, Minnesota was fighting the last war rather than the current one, offering a 2022 contract in 2023. Entering the 2022 season, the ZiPS projection for Correa with the Twins for 2023–32 amounted to $278.7 million.

How big a deal is Correa entering free agency at 28 rather than 30? A pretty big one. Below are the ZiPS projections for if I change his 2023 age.

Yes, Correa hit the market a year older, but he also entered it with an additional essentially healthy season added to his résumé. During his age 22–24 seasons, a series of injuries resulted in him only being able to play in 294 out of a possible 486 games. For a player that young, it was an extremely concerning development. But he played in almost every game in the pandemic-shortened 2020 season and 148 games in 2021. He missed a handful more games in 2022, but these maladies were more of the freak variety: an injured finger from a ball hitting his hand twice in a May game against the Orioles, and a stay on the COVID-19 list.

The cumulative missed time had an obvious effect on his long-term projections, and after ranking second in projected rest-of-career WAR in ZiPS before 2017, he slipped out of the top 20 before the 2020 season. Correa now has a mean projection of 42.4 career WAR remaining. With it looking increasingly likely that Fernando Tatis Jr.’s days a shortstop are mostly over, that’s enough to give him a projection of the best eventual career WAR of any active shortstop, slightly edging out the Mets’ Francisco Lindor.

The Giants have been active in free agency this winter, signing Mitch Haniger, Sean Manaea, Joc Pederson, and Ross Stripling already. However, while all of these players can contribute a lot in an NL West race, none can reasonably claim the mantle of a star, let alone that of a franchise-leading talent. San Francisco previously tried to burn down the NL West with an Aaron Judge signing, but the Yankees swept in to keep their franchise slugger. Truth be told, I think Correa’s a better fit for the Giants. They arguably need a shortstop more than a star corner outfielder, and Oracle Park is noted for its cruelty to power hitters of all stripes. While Correa hits for power, too, he’s more of the gap-to-gap type than pure loft. I’m slightly bearish on the projected home run totals for Correa, but I think he’ll hit more doubles and triples into Triples Alley in deep right-center than ZiPS envisions.

There’s unlikely to be any position controversy, even with Brandon Crawford signed for another season. While I wouldn’t anoint Crawford the best shortstop in Giants history — that plaudit better fits Travis Jackson or George Davis — he’s almost certainly the most valuable one for the franchise since Horace Stoneham hired the moving trucks in 1958. But Crawdaddy turns 36 next month and came back down to Earth after a fantastic 2021 season. Even more importantly, he’s in a contract year, and when Correa finishes his time in San Francisco, Crawford will probably have been retired for a decade. He’s still a fine defensive shortstop and ought to be a compelling replacement at third base over Evan Longoria and Wilmer Flores.

Losing Correa no doubt has to be disappointing for the Twins, but if they were willing to spend $285 million on him, there are other players out there. $285 million might land you Swanson and Carlos Rodón, and if not, at least the vast majority of their salaries. The AL Central is up for grabs, and that kind of investment may make a bigger difference there than any other division in baseball. It would be a shame if the Twins simply put that cash back in their pockets.

After seeing 36 wins evaporate from 2021 to 2022 and with the Dodgers and Padres looking like first-tier contenders, the Giants had a choice either to go big or to accept their lot as NL West underdogs. They went big, giving out the largest payday, by far, in team history. While the Giants have given out big extensions before, they only signed a single free agent to a $100 million dollar contract between Barry Zito and now (Johnny Cueto). The NL West just got a lot more exciting.

For the 18th consecutive season, the ZiPS projection system is unleashing a full set of prognostications. For more information on the ZiPS projections, please consult this year’s introduction and MLB’s glossary entry. The team order is selected by lot, and next up is the Oakland Athletics.

Batters

Are the A’s the most boring organization in baseball? There are other teams that are in the basement, but the Rockies do outright nuttier things, the Pirates always have a highly interesting player or two, the Tigers bring in the occasional big-name free agent, and the Reds have a few compelling pitchers. Looking around the diamond, the A’s are safely above replacement level nearly everywhere, but outside of a few players, such as Esteury Ruiz, it doesn’t feel like there’s any upside scenario compelling enough to cancel out all of the bland, featureless gray. Not to pick on Jace Peterson, but he feels like a pickup emblematic of this team: he’s cheap and he’s been useful at times, but no matter what happens, he’s likely to just be the Jace Peterson we know. Read the rest of this entry »

The Oakland Athletics are in search of a new ballpark, either within Oakland or elsewhere — most likely Las Vegas. If and when that comes to pass, the aging Coliseum will probably be torn down. And here’s where the A’s lose me: They seem to be under the impression that their active players must all be evacuated in the form of being traded to other organizations before the ballpark is destroyed.

The Atlanta Braves were in no hurry to disabuse Oakland of this notion, as they pried catcher Sean Murphy from Oakland’s clutches Monday afternoon as part of a three-team deal with the Milwaukee Brewers. Four weeks ago I wrote about the trade market for Murphy, made expendable in Oakland by the emergence of Shea Langeliers, who came over from the Braves in the Matt Olson trade. Therein, I specifically noted the Braves as a team that should not trade for Murphy, owing to Atlanta’s surfeit of catchers: Travis d’Arnaud and William Contreras.

Sure enough, with Murphy coming in, not one but two catchers are heading out. Contreras is headed north, while third-stringer — and longtime Brewers backup — Manny Piña will go to Oakland. Speedster Esteury Ruiz is also headed down the John Jaha Highway from Milwaukee to Oakland, and no fewer than five pitchers fill out this salad bar of a trade: Freddy Tarnok, Kyle Muller and Royber Salinas from Atlanta to Oakland, Joel Payamps from Oakland to Milwaukee, and Justin Yeager from Atlanta to Milwaukee.

Here’s the entire three-team, nine-player deal in table form, for clarity’s sake.

Nine players makes for a big trade, but nevertheless, let’s go through each name in at least some detail before drawing conclusions. Read the rest of this entry »

When I read today’s ZiPS projections for the Blue Jays, I was struck by one clear weakness: starting pitching depth. The team boasts an impressive lineup across the board, with Lourdes Gurriel Jr. the closest thing to a weak spot. Toronto also has two borderline aces in Alek Manoah and Kevin Gausman.

That sounds great, but the fourth and fifth starters are projected for a combined 1.7 WAR, which is wildly uninspiring. That hardly seems like a smart plan for a presumptive playoff team, but the Jays are no dummies. Those projections are now outdated — sorry Dan! — because Chris Bassitt is headed north on a three-year, $63 million deal, as Jeff Passan first reported.

Bassitt isn’t the best pitcher to reach free agency this season, but he’s squarely in the top tier. I ranked him 14th among the top 50 free agents this offseason, with only four pitchers ahead of him. Rational observers could certainly differ on that; he’s at the head of a large pack of starters who I think will deliver roughly equivalent value over the next few years. But the general point holds: he’s the kind of pitcher that you probably don’t want starting your first game of the playoffs but that you’d be ecstatic to have as a third starter. Read the rest of this entry »

For the 18th consecutive season, the ZiPS projection system is unleashing a full set of prognostications. For more information on the ZiPS projections, please consult this year’s introduction and MLB’s glossary entry. The team order is selected by lot, and today’s team is the Toronto Blue Jays.

Batters

When you look at Toronto’s lineup, there isn’t much to complain about. ZiPS disagrees with Steamer on some of the individual players, but the overs and unders are pretty even, meaning that ZiPS thinks this will be as potent a run-scoring squad as Steamer does. Among the most notable projections? Many of the worries ZiPS had about Matt Chapman were resolved in 2022, while my system is a bit concerned about Vladimir Guerrero Jr.’s output after his Statcast data dropped back down to its 2020 levels. It’s still the projection of an All-Star first baseman, but it’s distinctly behind last year’s and certainly well off 2021’s elite performance.

Still, there are a couple of things to gripe about. Slowly transitioning George Springer to right field is a good idea given his age, and with Kevin Kiermaier signed, they’re at least moving him for an excellent defensive center fielder. Kiermaier has his own injury concerns, but there’s nothing keeping Springer from getting plenty of time in center as the Plan B. I think Springer is moving because the Jays have an option and the team is considering his health, as he’s actually held up very well defensively out there. But left field still projects as a “meh” position. ZiPS has never been a Gurriel fan, and the system agrees with Statcast that his 2022 batting average was a bit inflated; the loss of power is also very concerning. I’d love to see the Jays take a stab at a better option here, though players have been coming off the board quickly. Read the rest of this entry »

Gabe Kapler was asked about next season’s more-balanced schedule when he met with the media during the Winter Meetings. More specifically, he was asked about not having to play as many games against powerhouse division rivals like the Dodgers and Padres. His response began with an unexpected nod to the team that finished in fourth place with a record of 74-88.

“The Diamondbacks were really tough on us this year,” said the Giants manager, whose club went 9-10 versus Arizona. “They’re a really challenging team. I think about the Diamondbacks a lot, because they’re so gifted and athletic, and they’re all so young. Torey [Lovullo] does a great job, and Mike Hazen… their whole front office is a good group.”

Arizona’s young talent on the position player side includes Corbin Carroll, Alek Thomas, Jake McCarthy, and Geraldo Perdomo, with more reinforcements on the way. Carroll, who debuted at the end of August, is No. 4 on our Top 100 — a list that includes five D-Backs — and the farm system that Hazen oversees as Arizona’s GM ranks sixth-best among the 30 organizations.

How does this group compare to the young talent Lovullo worked with as Boston’s bench coach from 2013-2016, and before that as the team’s Triple-A manager? Read the rest of this entry »

The Mets, who had gone some three days since singing a top free agent, went shopping again on Thursday evening. Brandon Nimmo was a sort of Aaron Judge situation-in-miniature: a New York team flirted with losing its best outfielder before realizing it’d be more trouble than it was worth to replace him. Best just to bring him back, even if it meant making him rich beyond the wildest fantasies of avarice.

Nimmo, the no. 9 player overall on our top 50 free agent list and no. 2 outfielder behind Judge, got paid quite a bit more than our projections, which is emerging as something of a theme this offseason. The readers thought he’d make an even $100 million over five years; Ben Clemens had Nimmo penciled in for $110 million over the same time frame. Instead, Nimmo has signed for eight years and $162 million.

To put that number in context: for $162 million, Nimmo could buy this 15-foot-by-25-foot inflatable water slide for every single one of the 578,000-plus residents of his native Wyoming. (Wayfair says two-day shipping is free for a purchase of this size. We shall see.) He’d then have enough left over to pay the $10 million the Mets agreed to pay relief pitcher David Robertson in their second major signing of the evening. And even after that he’d have some $1.2 million left over. Maybe he could spend that on a new garden hose or swim trunks so as to get the most out of the water slide. Read the rest of this entry »

For most of Winter Meetings, the San Diego Padres vigorously pursued a few of the best free agents available only to come up short on Trea Turner and Aaron Judge. Well, they finally made their big splash after most of the reporters and analysts had returned to their climatologically inferior home cities, signing shortstop Xander Bogaerts, formerly of the Boston Red Sox, to a monster 11-year contract. Bogaerts now stands an impressive $280 million richer and a lot of the Padres’ positional dominoes have fallen into place for the 2023 season.

If you’re ever prone to thinking that a player opt-out is mere frippery, like Roy Oswalt’s tractor or the mustache wax benefit that Rollie Fingers received, Bogaerts’ prior contract extension ought to firmly disabuse you of the notion. Bogaerts would have originally hit free agency after the 2020 season, but he came to terms with the Red Sox on a six-year, $120 million deal to keep him in Boston for what was likely to be the rest of his prime. Here’s what the projection looked like if we go back to that blessed time when we might have mistaken “Covid” for the first name of a Swedish scientist:

Read the rest of this entry »

SAN DIEGO — The early hours of Wednesday morning at the Winter Meetings brought a giant-sized deal for baseball’s latest home run giant… but not from the Giants. After a day in which it appeared as though Aaron Judge had decided he was not in fact prepared to be “a Yankee for life,” as he had previously professed, and would instead leave the Bronx to sign with the the team for which he grew up rooting in Linden, California, about two hours from the Bay Area, the 2022 AL MVP has returned to the Bronx via a record-setting nine-year, $360 million deal.

The move happened only after Judge arrived in San Diego on Tuesday night and heard overtures from a third team, the Padres, who had reportedly offered Trea Turner a $342 million deal before the shortstop signed with the Phillies on Monday. Via USA Today‘s Bob Nightengale, San Diego offered Judge $40 million per year over 10 years; whether either deal included deferred money isn’t known. According to the New York Post’s Jon Heyman, the Yankees had offered Judge eight years and $320 million — about $90 million more than the offer that he spurned just before Opening Day. “Once Judge told Hal Steinbrenner he wanted to be a Yankee (but had more $ on table elsewhere — SF and SD) Hal sealed the deal by bumping it another $40M and one year,” Heyman wrote. Read the rest of this entry »

Eight months ago, Aaron Judge turned down a seven-year contract extension worth more than $200 million. Judge’s dice roll has officially paid off for him as, after a brief flirtation with the NL West, he remains with the Yankees on a nine-year, $360 million deal that ensures that he’ll spend most, if not all, of his career in pinstripes.

$213 million wasn’t an unreasonable offer given the facts on the ground in April. While Judge had a rookie season of mega-ultra-super-duper-star quality in 2017, he had failed to come close to that level in recent years. It would be an enormous stretch to say he struggled or was disappointing, but Judge entered 2022 with only one full, healthy season in the last four campaigns. To land a huge upgrade on that pre-season contract offer as a free agent entering his age-31 season, Judge would basically need to match his .284/.422/.627, 8.7 WAR rookie year.

He did more than that. Read the rest of this entry »