Archive for Free Agent Signing

In Signing Carlos Estévez, Angels Place Faith in a Change of Scenery

Carlos Estévez
Jon Durr-USA TODAY Sports

Free-agent reliever Carlos Estévez has signed a two-year contract worth $13.5 million with the Angels, continuing a busy offseason in Anaheim that has already seen Tyler Anderson, Gio Urshela, and Hunter Renfroe join the roster.

Estévez, who turns 30 next month, has spent his entire professional career with the Rockies, playing his first six seasons in the hitter’s paradise of Coors Field. His 4.59 ERA and 4.21 FIP in 302 career innings appear a bit inflated, but they’re actually a touch better than league average (94 ERA- and FIP-). His 2022 campaign, while normal-looking on the surface, was statistically odd in many ways. Despite earning fewer strikes than ever, he set a career best in terms of overall run prevention with a 3.47 ERA, making him the second-most effective reliever on Colorado’s staff.

Carlos Estévez Peripherals, 2022
ERA- BABIP HR/FB SwStr% CStr%
Carlos Estévez 75 .247 10.1% 9.0% 12.2%
League Average 100 .289 11.4% 11.2% 16.4%

Wait — a .247 BABIP allowed while pitching in Coors, a stadium whose .323 BABIP ranked highest among all parks? And an above-average 10.1% HR/FB rate in the sixth-most homer-friendly park in baseball? And that was despite it being easier to make contact against Estévez than at any other point during his career? Read the rest of this entry »


Win-Now Phillies Charge Ahead With $300 Million Deal for Trea Turner

Trea Turner
Orlando Ramirez-USA TODAY Sports

After overcoming a slow start and firing manager Joe Girardi, the Phillies made it all the way to the World Series for the first time since 2009. On Monday, they took a significant step toward improving their chances of returning, and of upgrading their oft-shaky defense, signing shortstop Trea Turner to an 11-year, $300 million deal, one that includes a full no-trade clause.

Turner, who turned 29 on June 30, spent the past season and a half with the Dodgers after coming over from the Nationals in the 2021 trade deadline blockbuster that also brought Max Scherzer to Los Angeles. In 2022, he earned All-Star honors for the second time, batting .298/.343/.466 (128 wRC+) with 21 homers, 27 steals (in 30 attempts), and 6.3 WAR. He played 160 games and led the NL in plate appearances (708) and at-bats (652) and ranked fourth in steals.

While Turner’s offensive performance represented a dip from his 2021, when he won the NL batting title (.328/.375/.536, 142 wRC+), led the league in steals (32), and ranked third in WAR (6.8), he was still an impressive ninth in the last of those categories in ’22. Bolstered by average defense at shortstop — no small accomplishment or attraction for a team that has employed Didi Gregorius in the recent past — he was third in WAR among shortstops behind Francisco Lindor (6.8) and fellow free agent Dansby Swanson (6.4), but his longer track record for strong production than Swanson, and the added dimension of his speed, had to make him the more attractive of the two for a long-term deal. Toward that end, it’s worth noting that Turner placed second on our Top 50 Free Agents list below only Aaron Judge, one spot ahead of Carlos Correa, four ahead of Xander Bogaerts, and six ahead of Swanson.

The size of Turner’s contract outdid both our median crowdsource estimate (seven years, $210 million) and that of listmaker Ben Clemens (nine years, $288 million), a common theme from among the early deals so far. That should’t surprise us within an industry that appears to have set a record in revenues (just shy of $11 billion) and that just got a $900 million windfall ($30 million per team) from MLB selling its remaining 15% stake in the BAMTech streaming platform to Disney. Read the rest of this entry »


Mets Lose Jacob deGrom, Sign Next-Best Thing: Justin Verlander

Justin Verlander
Troy Taormina-USA TODAY Sports

Just three days ago, there was gnashing of teeth and rending of garments in the blue-and-orange tinted sectors of the New York metropolitan area. Jacob deGrom, light of the world, oppressor of batters, had taken the money and run to Texas. This was a black eye for the conspicuously moneyed regime of hedge fund billionaire Steve Cohen, who’d promised to do for the Mets what Gulf state sovereign wealth funds are doing for European soccer teams. Instead, he’d been outbid for the best pitcher in baseball, a homegrown superstar the likes of which the Mets hadn’t produced since… is it sacrilegious to say Tom Seaver?

Fear not, because the Mets have secured a hell of a fallback option. On Sunday night, former Met Carlos Baerga announced on Instagram — because sure, why not? “Carlos Baerga’s Instagram” is my favorite Bo Burnham song — that Justin Verlander was signing with the Mets for two years and $86.8 million, with a mutual option for a third year. On Monday morning, ESPN’s leading scoop man, Jeff Passan, reported substantially similar news: Verlander to New York for two years and $86 million, with a vesting option for 2025.

Depending on how you feel about Carlos Rodón, there are either two or three legitimate difference-making no. 1 starters in this year’s free-agent class. (And even a Rodón superfan such as myself will acknowledge that deGrom and Verlander are a step above.) The Mets lost one but gained another. Read the rest of this entry »


Red Sox Sign Chris Martin, Strike Zone Artist

Chris Martin
Jayne Kamin-Oncea-USA TODAY Sports

Move over, Jacob deGrom; this was the best free-agent deal of last week:

I kid, but only sort of! Obviously, deGrom is a phenomenal pitcher. The Rangers did well to court him. And this isn’t me advocating for the importance of “surplus value” or whatever vague finance jargon gets thrown around these days. I just really like Chris Martin, and I also think the Red Sox got a ton of bang for their buck for signing him.

There are also things not to like about Martin, at least on the surface. If people objected to a 35-year-old first baseman getting three years, imagine their discomfort at the sight of a 36-year-old reliever getting two years. His fastball velocity is pedestrian by modern standards, his pitch movement data isn’t eye-popping, and he doesn’t throw from an unorthodox angle to compensate. In 2021, Martin’s strikeout rate plummeted to 18%, and it’s worrisome to think he could return to such a dramatic low. When the risks are lined up like this, a two-year pact comes off as unappealing. Read the rest of this entry »


Rangers Add deGrom in Free Agency Shocker

© Brad Mills-USA TODAY Sports

Let’s get the specifics out of the way first, so we can all gasp and react together. Jacob deGrom is now a Texas Ranger, after he signed a five-year, $185 million deal with a conditional option for a sixth year, as Jeff Passan first reported:

Alright, now that we’ve got that written down: gasp! I have to say, I didn’t see this coming. Earlier this week, I described deGrom as the one pitcher I’d want on the mound if humanity was going to play a single baseball game against an alien society to determine the fate of the world. Simply put, he’s the best doing it right now when he’s available.

His opponents next year won’t be aliens. In fact, they’ll be the ones who feel like they’re facing an extra-terrestrial, because the way deGrom pitches doesn’t resemble any other starter. He pumps 100 mph fastballs and hits the edges of the strike zone with frankly inhuman precision. The velocity understates how good his fastball is. Even the location understates how good his fastball is. He also induces tremendous vertical break on the ball, and his delivery means that his fastball crosses the plate at a comically shallow angle. I wouldn’t trust any characteristic-based pitching model that didn’t grade deGrom’s fastball as an 80 – it’s as good as it gets. Read the rest of this entry »


Texas Lands the Highest-Upside Pitcher in Baseball

© Vincent Carchietta-USA TODAY Sports

If you were hoping to see a long, drawn-out bidding war for the services of former Mets ace Jacob deGrom, you’re in for disappointment, as the Texas Rangers inked the right-hander to a five-year, $185 million contract Friday evening. The deal also includes a conditional option for a sixth year, which would bring up the total value of the deal to $222 million, and a full no-trade clause.

Are the Rangers ready to scare the Houston Astros? I frequently have differences of opinions with ZiPS, but I think the 80-82 projection the system gave the Rangers just before Thanksgiving presented a reasonable expectation of where they stood in the division. The Mariners acquired Kolten Wong and the Astros picked up José Abreu and re-signed Rafael Montero, but I don’t think it’s a stretch to think the Rangers have closed the distance from both by a couple of wins, with the potential for several more. That said, the Rangers are a flawed team with a few superstars, and they have a lot of holes that will need both more time and money to fill. Read the rest of this entry »


Matthew Boyd Reunites With the Tigers

© Steven Bisig-USA TODAY Sports

Matthew Boyd has been on quite the baseball journey over the last few years. After spending the bulk of his career with the Tigers as a promising member of their rotation, an unfortunate elbow injury in 2021 resulted in Detroit non-tendering him after the season. He signed a one-year deal with the Giants and spent the first half of this year rehabbing from his flexor tendon surgery. He was traded to the Mariners at the trade deadline and returned to the big leagues to pitch 13.1 innings for his hometown team in September as they worked towards breaking their infamous playoff drought.

With his childhood dream fulfilled and a clean bill of health, Boyd will now return to the Tigers on a one-year, $10 million deal with the potential for an additional $1 million in performance bonuses.

With his recent injury history, the one-year contract doesn’t come without its share of risk. And even if Boyd’s elbow is completely healthy, he wasn’t exactly the most consistent performer in Detroit. In 2019, he posted a career-best 3.2 WAR behind a 30.2% strikeout rate and an above-average walk rate. Unfortunately, both his ERA and FIP sat above 4.00 that year because he also led the league in home runs allowed. The long ball had been a consistent problem for him throughout his career, but the improvements he made to his strikeout-to-walk ratio seemed like they could offset the number of balls flying over the fence. Read the rest of this entry »


Tampa Bay Signs This Eflin Guy

© Bill Streicher-USA TODAY Sports

To paraphrase ILoveMakonnen, the Rays are winning, winning, winning again, so they’re spending, spending, spending. Tampa Bay threw its hat into the free agent ring Thursday night by inking right-hander Zach Eflin to a three-year, $40 million contract. That one of baseball’s most tightfisted teams would devote eight figures a year to a free agent comes as at least a mild surprise, and every time the Rays get their checkbook out some amusing historical facts bubble up to the surface.

Sure enough, the estimable Marc Topkin of the Tampa Bay Times reached into his bag and extracted a real doozy: Eflin’s $40 million deal is the largest free agent signing in franchise history by total value. Turns out the previous record-holder was, and you might want to sit down, Wilson Alvarez, who signed for $35 million over five years in the first year of the franchise’s existence.

A $40 million contract isn’t that much by the standards of modern baseball; for that matter, it’s second-pairing defenseman money for the Tampa Bay Lightning. But the signing might surprise onlookers who last saw Eflin as the third-best reliever in a Phillies bullpen that wasn’t as bad as its reputation but still wasn’t exactly the 1990 Reds. So let’s see what $40 million worth of Zach Eflin gets you these days. Read the rest of this entry »


The Dodgers’ Confidence in Shelby Miller Is Undeniable

Shelby Miller
Orlando Ramirez-USA TODAY Sports

Pitch shape is a sticky trait. And I don’t mean sticky in the spider tack way; rather, sticky in that the trait would hold year over year without volatile fluctuation. When evaluating a small sample, teams and analysts must decide what traits are worth betting on and which are just potential blips in a player’s profile. Depending on the team, there are varying levels of confidence in assessing that predicament and turning it into action. In the case of the Dodgers, there is a demonstrated confidence in their assessments that leads them to take on some risk, but they have no issue in turning that risk into a realized success.

The latest instance of that came on Tuesday, with Los Angeles reportedly agreeing to a contract with veteran pitcher Shelby Miller. The deal is a major league contract, assuring that he’ll be a contributor in the Dodgers’ bullpen from day one. That probably came as a big surprise. Miller hasn’t pitched that much in the last five years after struggling with injuries and sub-par performance. But he isn’t the same pitcher he once was, which we saw in his brief 2022 stint with the Giants, where he posted a 26.1% whiff rate on 57 fastballs thrown and showed off a semi-new slider that made an appearance in 2021 but seems to have been refined. Read the rest of this entry »


The Nationals Bet on Volatility with Jeimer Candelario

© Jay Biggerstaff-USA TODAY Sports

The Nationals aren’t going to make the playoffs in 2023. They probably won’t even sniff .500; unsurprisingly, the team that traded Juan Soto along with everything that wasn’t nailed down this past season isn’t quite ready to compete for division titles. That doesn’t mean they shouldn’t try to get better, though – when the next generation of Nationals stars reaches the majors, the team would prefer to have some major league pieces already in place, mirroring the vaunted Cubs and Astros rebuilds of the 2010s. To that end, the Nationals made a signing I absolutely love yesterday, snagging Jeimer Candelario on a one-year deal worth $5 million, with $1 million in incentives.

Before the 2022 season, no one would have believed you if you told them Candelario would be a free agent this winter. In 2020 and ’21, he hit a combined .278/.356/.458, good for a 125 wRC+. He backed that up with decent defense at third base; all told, he looked like a comfortably above-average player carried by his bat. Then came 2022, an abject disaster; over 124 injury-interrupted games, he hit .217/.272/.361 and saw pretty much every statistical indicator tick downwards. The Tigers chose to release him rather than go through arbitration, which MLB Trade Rumors estimated at roughly $7 million.

For the 2020 and ’21 versions of Candelario, that would be a bargain. Quite frankly, I still think it would make sense after his poor 2022 season. The Tigers didn’t share my assessment, valuing the combination of money and roster space as more important than retaining his services. I’m not quite sure I understand it – they currently have two open spots on their 40-man roster and no in-house third baseman – but their loss was Washington’s gain. Read the rest of this entry »