Kevin Kiermaier is a Toronto Blue Jay. If that sounds like old news, it’s because it is, but now, after four days spent in limbo (a dangerous activity for those recovering from hip surgery), we finally have the contract details to prove it. The deal is for one year and $9 million, which pushes the Blue Jays payroll over the first luxury tax threshold of $233 million – a threshold they have never crossed before.

Pending further moves, Kiermaier figures to take over center field duties from George Springer, while Springer replaces Teoscar Hernández in right. This represents a significant offensive downgrade for Toronto – Hernández is one of the top 30 hitters in the majors, and Kiermaier is… not – but with Kiermaier in center and Springer moving to a corner, the Jays hope to field one of the better defensive outfields in baseball. Springer was worth 1 Out Above Average in 86 center field games last season, with above-average arm strength and outfielder jump. He figures to be an excellent protector in right. Kiermaier, for his part, is one of the most talented gloves of his generation. He ranks first among active center fielders in career DRS and UZR, and his 71 Outs Above Average lead all outfielders since the stat was introduced in 2016.

And as impressive as his career totals already are, Kiermaier isn’t exactly slowing down. Entering his age-33 season, he’s yet to show worrisome signs of decline in the field. We can’t read too much into his defensive metrics from last season (he only played 60 games), but his sprint speed was elite and his arm continues to be one of the strongest in the league. He was worth just 1 OAA, but his Statcast outfielder jump metrics were all in line with the year before, when he ranked in the 97th percentile for outfielder jump and 98th percentile for OAA:

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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.

What’s your dream car? Probably something fast and attention-grabbing, like a Ferrari. Or maybe you want some unusual but beautiful Italian or Japanese classic, so people know you know your stuff. Or maybe a Rolls-Royce, so you can drive around in isolated opulence like the god of luxury millionaires pray to.

Of course, you don’t actually want any of those cars in real life. You couldn’t afford to maintain them. You’d be too nervous to drive them in traffic or park them at the supermarket, lest the paint get damaged. To borrow a line from The Love Bug — which in addition to being one of the great sports films, is a classic San Francisco film — what you want is “cheap, honest transportation.”

The Giants know this. They’ve chased the odd Ferrari, and after losing out on Aaron Judge they’ve finally caught one in Carlos Correa. But their pursuit of pitchers has been more practical. They’ve watched Carlos Rodón walk away (at least for the time being). Instead, they’ve assembled a garage of useful starting pitchers, first by signing Sean Manaea on Sunday, then two days later inking right-hander Ross Stripling to the same contract: two years, $25 million, with an opt-out after this season. Read the rest of this entry »

Catching is the most taxing position in baseball. Day in and day out, it grinds on the players who attempt it. Catchers almost never play a full season, because it’s just plain harder to catch two days in a row than play the field on those days. Mathematically, that means fewer stars, because catchers have fewer plate appearances to excel in. That warps the market for free-agent catchers; in a given year, there might be only one or two full-time starters available at the position.

If you’re a team looking for a catcher, that puts you in a bind. This year’s market is a great example; I can name plenty of teams that “needed a catcher” coming into this offseason, but there were only two at the top of the market, and that’s if you count Sean Murphy, whom the A’s traded to Atlanta on Monday. Short of that, Willson Contreras was at the top by himself, and the Cardinals signed him earlier this month. That means the other teams who “needed a catcher” had to look a tier down. Speaking of which: the Twins signed Christian Vázquez to a three-year deal worth $30 million. Not long after, the Guardians signed Mike Zunino to a one-year deal for $6 million. Read the rest of this entry »

It’s been a relatively quiet offseason for the San Francisco Giants, who signed outfielder Mitch Haniger but have come up empty on bigger names including Trea Turner, Kodai Senga, and, most notably, Aaron Judge. On Sunday, though, they got back in action, inking a deal with left-handed pitcher Sean Manaea for two years and $25 million, with an opt-out after 2023.

At age 30, Manaea tested the open market as a free agent for the first time in his career. In 885 career innings, he has almost defined what it means to be a league-average pitcher, with a 4.07 ERA (99 ERA-) and 4.06 FIP (98 FIP-). While he’s made 30 starts in a season just once and missed almost the entire 2019 season with injury, he’s been consistently available throughout his career and has averaged over 5.5 innings per start, well above average in today’s game. While Manaea had a very good 2021 season, during which he set a career high in strikeouts while walking a minuscule 5.4% of batters and posting an 88 FIP-, his performance largely regressed after being traded to the Padres just before Opening Day this year. His strikeout rate fell, his walk rate went from elite to average, and his home run rate spiked, leading to a career-worst 4.96 ERA even in a lowered offensive environment.

So what caused this significant regression in performance? First, let’s examine Manaea’s pitch mix. The bread and butter of his arsenal is a low-90s sinker that he throws over 60% of the time, but its true shape lies somewhere between that of a sinker and a four-seam fastball. In 2022, the pitch had 2.4 fewer inches of drop than other sinkers thrown in the same velocity band, with about an inch less horizontal run. 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 »

A week ago at the Winter Meetings, Nationals manager Dave Martinez told reporters that the team was looking to add a veteran starting pitcher. On Friday, MASN’s Mark Zuckerman reported that Washington did just that, making its biggest move of the offseason by signing free agent Trevor Williams. The two-year, $13 million commitment, per The Athletic’s Stephen J. Nesbitt, represents the team’s third-biggest contractual commitment, behind the long-term deals of Stephen Strasburg and Patrick Corbin.

Williams played a significant role with the Mets in 2022, starting nine games while Jacob deGrom and Max Scherzer were on the IL earlier in the season and making 21 relief appearances. Given New York’s glut of solid right-handed relief arms, he didn’t make the roster for the Wild Card Series against the Padres. Had he been on the Nationals in 2022, his 0.6 WAR would have been third on the staff, and his 3.21 ERA and 3.88 FIP would have been fourth (among pitchers who threw at least 25 innings).

Williams will immediately become the most reliable arm in Washington’s starting rotation. At Federal Baseball, Patrick Reddington noted that he had a 1.80 ERA against the Nationals in 2022, so if nothing else, they’ve co-opted a former tormenter. Read the rest of this entry »

In the wake of a frenzied week at the Winter Meetings that saw teams ink five different players — Xander Bogaerts, Aaron Judge, Trea Turner, Justin Verlander, and Jacob deGrom — to contracts through their age-39 seasons, The Athletic’s Jayson Stark declared that it was “just like ‘old’ times.” All of these cornerstone stars will also receive at least $25 million annually through the duration of their deals. Meanwhile, last year, only the short-term pacts for Max Scherzer and Verlander fit both of these criteria; in the 2021 and ’20 offseasons, no contracts did. All of this while one big domino, Carlos Correa, has yet to fall.

This offseason’s free agent class is a special one, following multiple remarkable feats including Judge’s historic home run total and deGrom and Verlander’s dominant returns from serious arm injuries. But the sheer amount of money and years included in the contracts doled out thus far is also due, at least in part, to the open minds (and wallets) of team owners.

And just like the “old” times, the Steinbrennerian behavior of the Mets’ Steven Cohen and the Padres’ Peter Seidler, who both took over their respective teams heading into the 2021 offseason, has left other teams with smaller markets and/or more miserly owners in the dust. Only this time, the Oakland Athletics haven’t unearthed anything akin to their early-2000s Moneyball tactics, which by now have been adopted by all of the big market teams, in order to close the gap. Unless there’s something about Jace Peterson and Aledmys Díaz we don’t know, that is. Read the rest of this entry »

Mid-day Sunday in Japan (and typo-inducingly late Saturday night in the U.S.), the New York Mets added to their rotation, signing 29-year-old righty Kodai Senga to a five-year, $75 million deal. The contract reportedly includes a no-trade clause and an opt out after the third year of the contract.

The addition of Senga provides the Mets rotation with perhaps the final hard-throwing patch it needed due to the departure of several free agents. The Flushing starting pitcher carousel has seen Jacob deGrom, Taijuan Walker, and presumably Chris Bassitt depart, while that group has been replaced, seemingly man for man, by living legend Justin Verlander, José Quintana, and now Senga, an 11-year NPB veteran who led Japan’s top league in strikeouts in 2019 and ’20.

After starting his career as a reliever, Senga moved into the Fukuoka Hawks rotation in 2017 and has spent the last half decade as one of the better starters (and hardest-throwing pitchers) in all of Nippon Professional Baseball. As I noted when analyzing Senga for our Top 50 Free Agent ranking (Senga checked in at no. 18), while the soon-to-be 30-year-old righty struggled with walks early in his tenure as a starter (he walked 75 hitters in 180 innings in 2019 and 57 hitters in 121 innings in ’20), free passes have become less of an issue during the last two seasons. Senga’s walk rate has fallen from the 10-11% range to the 8-8.5% range during that stretch, and his WHIP was a measly 1.05. Read the rest of this entry »

On Thursday, news broke that Jason Heyward had signed a minor league deal with the Dodgers. I’m not going to lie: there are very few teams who could have signed Heyward that would have compelled me to spend multiple hours doing research and writing about the former Cubs outfielder. Back in the day when he was floating in the free-agent market, I was excited about where he would land. His profile as a hitter has always compelled me: very good plate discipline, great athleticism, and, more interestingly, wiggly limbs.

I’m not sure I’ve ever used that saying before, but when I see Heyward, that’s what comes to mind. His arms and legs are always dancing in the box, and I don’t mean that in a bad way. In fact, he uses these movements to keep his body loose; energy can’t travel as smoothly through one’s body if there is tension in the way. Heyward has done this his entire life. It’s what made him special when he was one of the best high school players of all time, an incredibly productive minor leaguer, and a well-above-average hitter in Atlanta and briefly St. Louis. His success isn’t about removing these movements; rather, it’s about harnessing them.

Heyward’s run in Chicago didn’t bring out the best version of his swing. He was never expected to be an off-the-charts hitter, but his interest in the free-agent market at the time had much to do with his potential to harness the power and bat speed he had and turn that into more home runs. But for some reason, things instead went in the other direction, resulting in four below-average seasons by wRC+, two seasons of an exactly 100 wRC+, and an impressive run in the shortened 2020 season of a 131 wRC+ in 181 plate appearances. Yes, it was only a third of a full season, but Heyward flashed what seemed to be a concrete plate discipline improvement to go along with a swing that had been improved enough to do more damage on contact. Read the rest of this entry »