After they were left at the altar by Aaron Judge and objected to the results of Carlos Correa’s physical last offseason, the San Francisco Giants have finally made a long-term splash in free agency with the addition of 25-year-old Korean center fielder Jung Hoo Lee 이정후, who is joining the team on a six-year, $113 million deal, per Jon Heyman of The New York Post. The contract has a player opt-out after four years.

Lee has been evaluated as a Top 100-quality prospect at FanGraphs since the 2020 KBO season. He was the first player in KBO history to go straight from high school to their top level of play and won Rookie of the Year as an 18-year-old in 2017. He has a career .340/.407/.491 line in the KBO, and has made elite rates of contact (roughly 5.5% strikeout rate and 11% walk rate combined the last two seasons) while playing quality center field defense.

Lee immediately becomes the best defensive center fielder in a crowded Giants outfield group that was toward the bottom of the league in production last year. He’s a plus runner with above-average range and ball skills, and a plus arm. He did suffer a fractured ankle that effectively ended his season in July (he made one pinch-hit plate appearance toward the end of the year), and the deal is still pending a physical, but as The Athletic noted, he reportedly conducted agility drills for teams recently. Read the rest of this entry »

Many transactions were obscured by the Ohtani-mania of the past week, perhaps none more than the always unheralded glove-first catcher signings. No one represents this category better than Austin Hedges, who MLB.com’s sources say returned to Cleveland on a one-year, $4 million pact after departing for Pittsburgh last offseason and winning a World Series ring with Texas. Meanwhile, on Thursday, the Astros finalized their deal — a two-year, $12 million contract — with Victor Caratini, whose own defensive skills have taken a huge leap forward the past two seasons. Each will serve as a backup to an exciting young catcher, hopefully furthering their respective development trajectories in the process.

Let’s start with Hedges. At this point, what you see is what you get with the 31-year-old veteran. His framing was as good as ever this past season, saving his clubs an estimated 16.9 runs per our FRM metric, good for second best in the majors. It’s his fourth season saving at least 12.5 runs, though his 2023 total came in fewer innings than all but one of the rest of the top-ten framers (Jason Delay, who ranked eighth). Baseball Savant sees a similar halo sitting atop Hedges’ catcher’s mask, with sterling framing and blocking more than making up for a merely average arm. Neither Savant nor FRM has him as a below-average framer (save for a small-sample 2016) in any individual season, and Savant has never cast him as a below-average blocker. 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 »

Shohei Ohtani is not on a plane to Toronto. He’s not hiding in your linen closet or lurking off the coast of Jamaica in a submarine. After years of intrigue, weeks of speculation, and days of looking for signs in flight plans and sushi restaurants, it’s over. After a free agent courtship to fit the player — in other words, unique — Ohtani will be a Los Angeles Dodger.

This is hardly the most interesting outcome. There will be no reset to the competitive order, no validation of an underdog’s creative sales pitch or intriguing roster construction. The Dodgers were already one of the best and most heavily scrutinized teams in baseball, and if Ohtani doesn’t mind a bit of a commute, he won’t even have to move. But if the destination is a bit of an anticlimax, the contract is dramatic enough to pick up the slack.

Ten years, $700 million. Seven. Hundred. Million. Dollars. Read the rest of this entry »

Baseball’s version of Lebron James’ The Decision appears to have come to pass, with all-universe talent Shohei Ohtani announcing on his Instagram that he has found a new home in Los Angeles, this time with the Dodgers. The deal is for 10 years and $700 million.

While the full details of the contract’s “unprecedented” deferrals aren’t yet known, 10 years and $700 million is the mega-contract of all mega-contracts, besting the previous record by hundreds of millions of dollars. And like the Alex Rodriguez signing more than two decades ago, this will likely be the record for a while, including a possible Juan Soto deal next winter. Read the rest of this entry »

While looking back at the free agent signings I covered last winter, I noticed a bit of a pattern. On the same day Aaron Judge came to terms on a nine-year, $360 million deal with the Yankees, I wrote about Miguel Castro. On the same day Brandon Nimmo agreed to a $162 million deal with the Mets, I wrote about Matt Strahm. On the same day Yu Darvish and Bo Bichette signed contract extensions, I wrote about Pierce Johnson and Scott McGough. While the rest of the baseball world was focused on All-Stars and mega-million-dollar contracts, I found myself drawn to mid-tier relievers on small-scale deals.

We’re not farming for clicks here at FanGraphs, and I’m grateful to write for a website where I never have to come up with hot takes or misleading headlines. Thankfully, I’ve never been asked to write about one weird trick for evading the luxury tax or why dermatologists hate Gabe Kapler. Still, it’s nice when others read your work, and as much as I love them, I know middle relievers don’t rack up pageviews like middle-of-the-order bats. While I have a weakness for run-of-the-mill bullpen arms — the more ordinary the better — I know I need to resist the pull.

“Leo,” I said to myself when the offseason began. “You can’t write about so many relievers this winter. You wrote about Joely Rodríguez last year. Maybe this time you cover Eduardo Rodriguez instead?”

Flash forward to the final day of the Winter Meetings, and I’m here to write about Luis García, Adam Cimber, and Michael Tonkin. Like the 2020 Phillies, you could say I have a bullpen problem. Read the rest of this entry »

In the midst of a Winter Meetings that was fairly quiet as far as free agent signings go, the Arizona Diamondbacks and Eduardo Rodriguez came to an agreement on a four-year contract worth a guaranteed $80 million. Bouncing back from a problem-filled 2022 Detroit debut, Rodriguez was one of the reasons the Tigers maintained a position at the very edge of relevance in 2023. Through the end of May, E-Rod was a top 10 starting pitcher in the American League, posting a 2.13 ERA and 3.14 FIP over 11 starts; his 1.8 WAR ranked eighth in WAR. But his chances of sneaking into the Cy Young conversation were derailed by a finger injury that cost him a month of the season. While he got back into the rotation fairly quickly, he wasn’t quite the same in the second half, issuing more free passes and seeing his strikeout rate drop by about 20%.

Read the rest of this entry »

The first few days of the Winter Meetings didn’t deliver much action; at breakfast on Wednesday, Erick Fedde versus Wade Miley as the biggest signing of the meetings was a popular debate. But things picked up as the gathering ground to a close. First, the Yankees traded for Juan Soto. Next, Eduardo Rodriguez agreed to terms with Arizona. Finally, Jeimer Candelario capped the meetings off when he signed with the Reds for three years and $45 million and a team option for another year, as MLB.com’s Mark Feinsand first reported.

Part of the allure of free agency, as a fan experience, is that you never know where any given player might land, or who your team might pick up. Sure, we all have opinions on where the top guys will sign, but until they put pen to paper, or at least until Jeff Passan gets a text about their chosen destination, nothing is set in stone. But if you’d asked me to predict signings that wouldn’t happen this winter, I would have made a lazy prediction: the Reds would stay away from hitters in general and infielders in particular.

That doesn’t have anything to do with Candelario, to be clear. I think he’ll be one of the bargain signings of the offseason, a plus bat with playable defense at third base on an affordable contract. A three-year deal nets the back half of his prime without too much messiness at the end of the contract, and he’s played at a 3–4 WAR clip in three out of the past four years. He’s been the 68th-best hitter in baseball by our count over those four years, just ahead of Luis Arraez and Ketel Marte in a similar number of plate appearances, if you’re trying to calibrate that in your head. Read the rest of this entry »

Yesterday evening, ESPN’s Jeff Passan reported that the Chicago White Sox are signing KBO kickback starting pitcher Erick Fedde to a two-year, $15 million contract. Fedde had an incredible 2023 season for the NC Dinos, posting a 2.00 ERA in 180.1 IP while striking out 209 and walking just 35. He was named the KBO’s MVP and won their equivalent to the Cy Young. Read the rest of this entry »

All things considered, Craig Kimbrel’s sole season with the Phillies was pretty productive: 71 appearances, 69 innings, a 3.26 ERA, and a strikeout rate of 33.8%. Kimbrel saved 23 games in the regular season, plus the All-Star Game, plus three more in the playoffs. But the last meaningful impression he made in red pinstripes was an abject and total loss of command that cost the Phillies at least Game 4 of the NLCS, and probably Game 3 as well. Given that context, it’s not surprising Dave Dombrowski’s outfit is moving on.

Kimbrel’s new home? A team that, in Game 2 of the ALDS, scored eight runs and lost because its pitchers walked 11 batters — one short of the record for a nine-inning playoff game.

The Baltimore Orioles will be Kimbrel’s eighth stop on a road that will likely terminate in Cooperstown, and it’s fair to expect that by October this will be the sixth team for which Kimbrel will have appeared in the playoffs. At $13 million, the one-year deal represents a significant investment for the low-payroll Orioles. Not just in salary for Kimbrel, but because any trip from Philadelphia to Baltimore involves paying a fortune to drive the Delaware Turnpike. Read the rest of this entry »