Historically speaking, things have rarely worked out well for the Rockies when they’ve written large checks. Just limiting the timeframe to the past 12 years, the free agent signings of Ian Desmond and Wade Davis were disasters, and they bailed on homegrown stars Troy Tulowitzki and Nolan Arenado well before reaching the halfway point of their long-term deals, having suddenly decided they couldn’t afford to build around them. Yet even with those unhappy examples in mind, it’s tough to comprehend their signing of Kris Bryant to a seven-year, $182 million contract, a deal that was announced on Wednesday.

Even with the signing of Freddie Freeman, the news of which broke later on Wednesday night, the Bryant deal is the offseason’s second-largest thus far, after Corey Seager‘s 10-year, $325 million contract with the Rangers, and it’s forth in average annual value, behind Max Scherzer’s $43.3 million, Seager’s $32.5 million, and Freeman’s $27 million. It’s the second-largest contract in Rockies history, after their eight-year, $260 million extension for Arenado. We’ll get to him.

Bryant has an impressive resumé that includes an NL Rookie of the Year award in 2015, an NL MVP award and a World Series ring a year later, and All-Star appearances in both of those years plus ’19 and ’21. From 2015-17, he ranked among the top position players in the game, batting .288/.388/.527; his slugging percentage and 94 homers both ranked 16th in the majors, while his 144 wRC+ ranked 12th, and his 20.6 WAR third behind only Mike Trout (25.8) and Josh Donaldson (21.8). Yet his career over the four seasons since has been uneven, with injury-marred campaigns alternating with good-but-not-great ones. For that latter period, he’s hit .268/.364/.479 with 73 homers, a 124 wRC+ (tied for 44th), and 11.1 WAR, maxing out at 4.7 in 2019. He’s been a very good player, with power, patience, and defensive versatility. In 2021 alone, he made 47 starts at third base, 35 in left field, 33 in right field, 13 in center field, and 10 at first base.

Still, that latter stretch does not eyeball as the credentials of a player in line for a seven-year, $182 million commitment starting at age 30, not even from a free-spending owner like the Mets’ Steve Cohen. And yet it’s come from the Rockies, who just over 13 months ago traded Arenado — whom the team had signed to that franchise-record extension in February 2019 — to the Cardinals along with $51 million dollars (!) in exchange for five players, four of them prospects. Arenado and the Rockies had been at odds since late 2019, near the end of a 91-loss season that he said “feels like a rebuild,” offending the delicate sensibilities of owner Dick Monfort and then-general manager Jeff Bridich. Their subsequent failure to sign even one major league free agent the following winter only exacerbated tensions, making a parting of the ways necessary.

While an analysis of the Bryant signing shouldn’t be about Arenado, or Trevor Story, the two-time All-Star shortstop whom the team refused to trade last summer before letting him walk away as a free agent, one can’t help but feel as though this is Monfort overcompensating. The Rockies are overpaying a free agent with money that would have been better spent on retaining at least one of those players. Both had six-win seasons as recently as 2019 (versus ’17 for Bryant). Both are within a year of Bryant’s age, Arenado older by nine months, Story younger by 10. And both were homegrown — retaining them would have provided welcome continuity. Bryant may be a better hitter than either of them; even limiting the scope to the past three seasons, his 123 wRC+ outdistances Arenado’s 116 and Story’s 113, and his projection for 2022 is higher. Yet he’s been the least valuable of the three over the past three years because he’s not a top-flight defender at a premium position; his 8.7 WAR for that stretch is a distant third behind Arenado’s 11.1 and Story’s 12.0, and he projects to fall even further behind.

And when I say overpaying… we’ll get to that, but first, Bryant’s 2021 season. After battling nagging injuries — back stiffness, left elbow, left wrist, and more — through a dismal 2020, during which he managed just a 75 wRC+ (.206/.293/.351), he was much better last year, though his power fell off notably after a July 30 trade to the Giants amid the Cubs’ ongoing fire sale. He hit .267/.358/.503 (129 wRC+) before the deal, and .262/.344/.444 (113 wRC+) after. While he posted his best barrel rate (10.3%) and average exit velocity (88.2 mph) since 2016, those aren’t exactly remarkable numbers, with the former ranking in the 67th percentile, the latter in just the 29th.

As for the size of his contract, in our Top 50 Free Agents roundup, Ben Clemens predicted Bryant would receive an eight-year, $200 million deal, while the median crowdsource had him at six years and $150 million. Outside the FanGraphs fold, MLB Trade Rumors had him at $160 million over six years. In a lockout-fevered exercise connecting free agent hitters to teams, however, Dan Szymborski noted that his ZiPS-driven valuation — his multiyear projection times a dollars per win estimate — was for just $67 million over four years, though he himself predicted it would take more to sign him, coming in at $90 million over four years. While the AAVs from Ben, Dan (not ZiPS), and our crowdsource aren’t really that far apart, ranging from $22.5 million to $25 million, the ratio of the amounts at the extremes was larger than two to one.

I’ll admit I had forgotten about all of those numbers when the news of Bryant’s deal came down, particularly when Dan handed off his seven-year projection:

This is for Bryant as a left fielder, since the Rockies have reason to be happy with Ryan McMahon’s stellar defense at third base last year. Projecting Bryant at third doesn’t change much, with an extra 0.2 WAR in three of the first four seasons but some of that coming off the back end. The valuations for the two projections: $67 million for the left field version and $70 million for the third base one, both more than $100 million shy of the investment the Rockies just made. Sweet fancy Moses.

I asked Dan if he could recall similar instances of projected valuations that far below the actual deals, and he cited the $200-million-plus pacts of Albert Pujols, Miguel Cabrera, and Alex Rodriguez (post-opt-out), particularly recalling Pujols’ valuation coming in at $131 million for his 10-year, $240 million deal. On Ryan Howard’s five-year, $125 million extension, ZiPS was “only” $75 million under. What those contracts all had in common was that they hailed from an era before analytics had permeated front offices. The only recent contract Dan could recall that overshot ZiPS by such a wide margin was that of Eric Hosmer; with Dan valuing Hosmer’s opt-out at $17 million, his estimate came in at $81 million for what he treated as a $161 million deal (instead of $144 million). None of those contracts, even the contemporary one, aged well. In that light, if Bryant’s deal is that far above projections, yikes.

But maybe it’s not as bad as it looks. Bryant did put up 3.6 WAR last year, and 4.7 in 2019; that’s 8.3 WAR over two seasons separated by a 34-game struggle while the player and the rest of the world were an utter mess. Maybe ZiPS is putting too much stock in that, and maybe he starts this deal with two or three seasons in the four-win range before tapering off as he moves down the defensive spectrum.

It’s worth noting that according to Statcast, Bryant has outslugged expectations; last year, he outdid his .449 xSLG by 32 points, and in 2019, he outdid his .457 xSLG by 64 points. In those two years, he added a combined 11 homers beyond expectations (six last year, five in 2019). While one could look at that and believe that the 2016 edition of Bryant, with the .554 slugging percentage and .566 xSLG, isn’t coming back, perhaps the increased carry for fly balls at high altitude will pay off for a player with a career groundball/fly ball ratio of just 0.81. Sure, maybe my rose-colored glasses are smarter than Dan’s machine. As evidenced by those other estimates I cited, it’s not like the entire industry views him as ZiPS does — some intelligent people really do see him as a player worth investing $150 million or more.

Setting the valuation aside, one can be happy that Bryant, whose free agency was delayed by a year due to the Cubs’ service-time manipulation, is getting his big payday. He’s a very entertaining player who will hit some towering home runs and give Rockies fans a star to cheer for following the departures of Arenado and Story. Undoubtedly, in the short-term he makes the Rockies better and more watchable. This is a team that lost 87 games last year, one whose outfielders combined for a major league-worst 81 wRC+, and just 3.8 WAR. Left fielder Raimel Tapia may have blazing speed, but he hit for a 76 wRC+ and produced 0.3 WAR. Center fielder Garrett Hampson was a worse hitter (65 wRC+) but ever so slightly more valuable due to defense (0.5 WAR), and right fielder Charlie Blackmon was a long way from his All-Star days (94 wRC+, 1.5 WAR). Plug Bryant in for any of them and it’s an upgrade of at least a couple of wins.

The problem is that still won’t be nearly enough to catch the Dodgers, Giants, and Padres (oh my!). Even with a rotation that has three reasonably solid starters (Kyle Freeland, Antonio Senzatela, and Austin Gomber) behind staff ace Germán Márquez, that unit projects as the majors’ eighth-worst, and they’re several roster additions away from being a team that can contend. Assuming Blackmon slides into the DH role, they need two good outfielders, a shortstop to replace Story (they’re not winning anything with late-stage José Iglesias there, sorry), and a much better bullpen than the one that currently projects as the very worst in the majors.

So the real question is where do the Rockies go from here? Will Monfort continue to spend money to build around that rotation, which has Márquez under control through 2024, Freeland through ’23, and Senzatela through ’27? Can a front office that experienced a regime change last year (Bridich resigned in late April, replaced by long-time vice president of scouting Bill Schmidt) and recently fired its head of analytics, Scott Van Lenten, after just seven months, point them in the right direction? Or will Monfort and company decide in 2024 or ’25 that it’s just too tough to build around another aging and expensive star and make another trade that sets the franchise back (though as with Arenado, they’ll need Bryant’s buy-in, as his deal features a full no-trade clause)?

Those questions are unanswerable at the moment. What we know is that Bryant has found a home via a big contract, and that the Rockies have gotten a substantial upgrade via a very good player. How that will all pay off is anyone’s guess.

In the days since the lockout lifted, baseball has seen a flurry of trades and free agent signings. It’s a lot to sort through, so to assist you in finding anything you may have missed, I’ve rounded up all of our post-lockout transaction pieces in one place. You’ll find links to some of our offseason, free agency, and prospect resources listed first, followed by a team-by-team listing of the transaction analysis that involved your favorite squad. In instances where we dissected a move across multiple pieces — hello, Matt Olson — you’ll see those pieces grouped together. This piece will be updated as more players find new homes and we publish new work.

As always, all of the pieces and tools listed here are free to read and use but took time and resources to create. If you enjoy our coverage and are in a position to do so, we hope you’ll sign up for a FanGraphs Ad-free Membership. It’s the best way to both experience the site and help ensure its sustainability. Now, on to the roundup! Read the rest of this entry »

On Monday, the A’s made the biggest trade of the year when they sent Matt Olson to the Braves. This morning, they kept the momentum going and made the second-biggest trade of the year. Matt Chapman is headed to Canada in exchange for a four-prospect return:

Blue Jays deal for Matt Chapman is done. Kevin Smith, Gunnar Hoglund, Zach Logue and Kirby Snead are headed to Athletics, per source.

— Shi Davidi (@ShiDavidi) March 16, 2022

Oakland doesn’t do anything by half measures, and with Olson and Chris Bassitt out the door, the team was in competitive limbo. Toronto was in search of a new infielder after Marcus Semien left in free agency. It doesn’t take a rocket scientist to realize the potential fit here, and the two teams were linked in trade rumors for much of the locked-out offseason.

From the Jays’ perspective, this trade gets them exactly what they wanted. After losing two of their top starting pitchers in free agency, they signed Kevin Gausman and Yusei Kikuchi to fill holes in the rotation. That still left them with a diminished offensive group, and there weren’t any obvious free agent fits to spruce things up. It may have been a coincidence, but as the Jays pursued Freddie Freeman and Kyle Schwarber, Vladimir Guerrero Jr. was spotted doing third base drills, a sign of how intent the Jays were on shoehorning another hitter into their lineup, positional fit notwithstanding. Read the rest of this entry »

As stars are being signed and traded, the Yankees went the low-key route on Tuesday, re-signing first baseman Anthony Rizzo to a two-year deal worth $32 million. Rizzo, who turns 33 in August, hit .249/.320/.428 with eight homers in 49 games after coming to New York from the Cubs in a three-player trade at the deadline.

Last year was Rizzo’s comeback season from a down 2020, but his bounce wasn’t as significant as that of his then-teammates Javier Báez and Kris Bryant. Part of it is due to his disappointing year being less of a disaster, but Rizzo was also the oldest of that trio. Signing a seven-year, $41 million contract while still in his pre-arbitration years gave him a guaranteed income, but the deal worked out better for the Cubs in the end, as he only now hits free agency for the first time. If he had been a free agent after 2018, ZiPS projects he would have made $101 million over the last four seasons rather than the approximately $42 million he earned. For how much you’d expect him to get paid in 2022, this seems like an opportune moment to crank out the projection:

ZiPS projects a two-year, $35 million contract or a three-year, $47 million one, so $32 million over two years seems about in line with at least this computer’s expectations. This actually represents a bit of a performance uptick; one of my biggest sources of negative feedback from projections this cycle was Rizzo’s overall triple-slash being in the neighborhood of Giancarlo Stanton’s. Much of that is due to Yankee Stadium, one of the best stadiums for him in the projections, thanks to being a friendly home for lefty sluggers. Steamer is likely picking up on this as well, as it also gives Rizzo a similar boost over his 2021 line in New York. Read the rest of this entry »

The Reds and Mariners both finished just outside their respective leagues’ playoff pictures last season, but they’re heading in different directions for 2022. Less than 24 hours after trading Sonny Gray to Minnesota, Cincinnati dealt left fielder Jesse Winker and third baseman Eugenio Suárez to Seattle in exchange for a four-player package headlined by 23-year-old lefty Brandon Williamson, who recently landed at no. 61 on our Top 100 Prospects list.

Also heading from the Emerald City to the Queen City are right-hander Justin Dunn, outfielder Jake Fraley, and a player to be named later. Via The Athletic’s Ken Rosenthal:

The SEA-CIN deal also includes a player to be named going back to the Reds, source tells @TheAthletic. Reds high on that player, believe it will enhance package

— Ken Rosenthal (@Ken_Rosenthal) March 14, 2022

This is an aggressive move for the Mariners, who haven’t made the playoffs since 2001 and who last year won 90 games, two fewer than the Red Sox and Yankees, the AL’s Wild Card teams. The gave up a substantial amount of young pitching in an effort to shore up an offense that scored just 4.30 runs per game, the AL’s fifth-lowest total, and managed just a 93 wRC+, tied for the fourth-lowest mark. The Reds… well, they saved some money and got some impressive, controllable pitching, but they also gave up their most impactful hitter over the past two seasons — and a prominent voice in the clubhouse — in order to dump the $35 million owed to Suárez. Read the rest of this entry »

Baseball’s second stab at an offseason continues at a brisk pace with the biggest move yet this week, a blockbuster trade that sees the A’s send first baseman Matt Olson to the Braves in a five-player deal. Atlanta didn’t get off lightly, parting with outfielder Cristian Pache, catcher Shea Langeliers (who were Nos. 72 and 70, respectively, on our preseason Top 100 prospects list), and pitchers Ryan Cusick and Joey Estes to whatever the heck they’re calling the stadium in Oakland this year. (We’ll have much more on those four prospects coming later from Eric Longenhagen and Kevin Goldstein in a separate post.)

Fresh off a new collective bargaining agreement, the A’s have let it be known that they’re ready for business in no uncertain terms. While there was no obvious requirement to trade Olson quickly — he’s two full seasons away from hitting free agency — Oakland would be hard-pressed to get an even larger package than this. I’d personally like to see the franchise actually keep one of its stars past the point at which the team can get market value, but if you’re determined to trade Olson, I can’t think of a much better situation. Many teams need first base help, and with 15 designated hitter jobs now needing to be filled in the National League, help on the easier end of the defensive spectrum comes at a premium. If you want to add a first baseman in free agency, you basically have one superstar (Freddie Freeman), one good player (Anthony Rizzo), and an interesting slugger that you’re not quite sure is a full-time option at the position (Kyle Schwarber) to choose from before the talent pool becomes a waterfall. Read the rest of this entry »

I like to think of myself as a pretty reasonable baseball thinker. When I see a trade, I can put myself in both teams’ shoes and understand where they’re coming from. I might not agree with their evaluation of each individual player; heck, I might not agree with the direction they’re going overall. Usually, though, I can trace back their steps until I find the key thing driving the trade on both sides. Usually isn’t always, though. Meet the strangest trade I’ve seen in recent memory:

Catcher Ben Rortvedt is headed to the Yankees along with Josh Donaldson and Isiah Kiner-Falefa, sources tell ESPN. Catcher Gary Sanchez and Gio Urshela are going to Minnesota.

— Jeff Passan (@JeffPassan) March 14, 2022

This trade is a Rohrshach test, only more inscrutable. Sometimes I feel like the Yankees won. Sometimes I feel like the Yankees lost. Sometimes I feel like the Twins lost and the Yankees broke even. Sometimes I feel like they both lost, as strange as that may sound. Sometimes I feel like it was actually just Isiah Kiner-Falefa for cash. Sometimes I feel like Josh Donaldson will set the league on fire to get back at the Twins. Let’s look at this trade from as many angles as possible and see if we can figure out what’s going on.
Read the rest of this entry »

The Cincinnati Reds have been rumored to be interested in trading at least one of their top starters for over a year, with bits of buzz centered around Luis Castillo and Sonny Gray. Castillo remains in Cincinnati — at least for the moment — but Saturday, Gray was traded to the Minnesota Twins, one of a few weekend moves the Twins made. Heading to Cincy is Minnesota’s first round pick from last year, right-handed pitcher Chase Petty. A third player, A-ball reliever Francis Peguero also joins the Twins, but landing Gray was the fundamental purpose of this trade.

The reasons for the Twins’ sudden collapse in 2021 are varied, but the most pressing among them is obvious: the rotation. Minnesota’s starting pitchers combined to finish 25th in the league in WAR last season, with a 5.18 ERA and a 4.87 FIP. Even those marks kind of overstate the strength of the rotation given that the team no longer enjoys the services of José Berríos, who they traded to the Blue Jays last summer. Michael Pineda (and his 3.62 ERA over 21 starts) is a free agent, and Kenta Maeda’s September Tommy John surgery means that he won’t be pitching for most, if not all, of the 2022 season. Minnesota’s de facto ace, Dylan Bundy, is a pitcher coming off an ERA north of six; he significant missed time due to shoulder injuries and is taking a pay cut of more than half.

Suffice it to say, Minnesota’s lack of pitching, combined with a rapidly dwindling number of fixes in free agency, left them in a rather unenviable position even in one of baseball’s weakest divisions. Gray isn’t a true ace in the Gerrit Cole/Jacob deGrom vein, but he’s still a well-above-average starting pitcher who gave the Reds three seasons strong enough to largely erase the memory of his stint in New York. His 4.19 ERA and a 3.99 FIP in 2021 were a bit below the previous couple of seasons, but both ZiPS and Statcast’s x-stats think he was unlucky here. zHR is designed to be predictive and saw Gray as allowing three more homers last season than he actually earned from his velocity, angle, and direction data. Subtract those round-trippers out, and Gray’s 2021 looked a lot like his ’19 and ’20, though he did miss time due to injury. A sore back cost him a month of spring training and April games, and he lost another month due to a groin injury. Those maladies combined to limit him to 26 starts, most of the Five-Inning Special variety. Still, I’d take those injuries over a janky elbow or some nasty tear in the shoulder. Read the rest of this entry »

Even given the lockout, the Mets have already had a banner offseason, adding three former All-Stars — Max Scherzer, Starling Marte, and Eduardo Escobar — to the roster via free agency. On Saturday, they traded for a fourth, sending pitching prospects J.T. Ginn and Adam Oller to the Athletics for 33-year-old right-hander Chris Bassitt, who made his first All-Star team in 2021, the best season of his seven-year major league career.

Originally drafted by the White Sox in 2011 and then acquired by the A’s in the December ’14 deal involving Marcus Semien and Jeff Samardzija, Bassitt is something of a late bloomer. He threw just 143.2 major league innings before undergoing Tommy John surgery in May 2016, and didn’t make it back to a major league mound until July ’18, his age-29 season. He’s been very good in parts of four seasons since then, pitching to a 3.23 ERA (76 ERA-) and 3.82 FIP (89 FIP-) in 412 innings. In the pandemic-shortened 2020 season, his 2.29 ERA ranked third in the American League, his 3.59 FIP 10th, and his 1.3 WAR 14th (his 2.3 bWAR was third).

Though Bassitt pitched to a 3.15 ERA and 3.34 FIP in 157.1 innings last year, his season took a terrifying turn on August 17, when a 100 mph line drive off the bat of the White Sox’s Brian Goodwin hit him on the right side of the face. He suffered facial lacerations and a displaced tripod fracture of his right cheek, the latter of which required surgery, but thankfully, he avoided a concussion or any damage to his vision. He was able to return to the A’s after missing five weeks, making two abbreviated but reassuring starts in late September.

Before the injury, Bassitt led the AL in both innings and starts, but he wound up falling 4.2 frames short of qualifying for the ERA title. Among pitchers with at least 140 innings, his 0.86 homers per nine ranked third, his ERA fourth (Robbie Ray, the only one of those top four to qualify, finished at 2.84), his FIP fifth, and his 18.8% strikeout-to-walk differential 11th. His 3.3 WAR was tied for 11th among all AL pitchers regardless of innings. Read the rest of this entry »

Brett Wisely flies under the radar in a Tampa Bay Rays farm system where it’s easy to get overlooked. A 15th-round pick in 2019 out of Gulf Coast State College, the 22-year-old infielder is coming off a first full professional season where he augmented a .301/.376/.503 slash line with 19 home runs and 31 stolen bases between Low-A Charleston and High-A Bowling Green. Despite those eye-opening numbers, Wisely is unranked — albeit within a deep, talent-laden minor-league system — by Baseball America (our own list is forthcoming).

His low-profile status dates back to the day he was drafted. A two-way player at Jacksonville’s Sandalwood High School, and again in junior college, Wisely wasn’t even sure that his phone would ring.

“I didn’t think I was going to go at all, really,” Wisely admitted late last season. “I was playing summer ball and planning to go to USF the following year. But then the call came, and I got all excited. It was an opportunity that I couldn’t pass up.”

It’s not as though the opportunity came out of the blue. Wisely had been in contact with Tampa Bay’s area scout, and he’d filled out pre-draft questionnaires for “four or five teams,” the Boston Red Sox and Chicago White Sox included. The interest shown by the Rays differed from the others.

“They were the only one for hitting,” Wisely explained. “Everything else was for pitching. The other teams preferred my arm over my bat.” Read the rest of this entry »