Milwaukee has arguably been the biggest beneficiary of the league’s austerity on the free agent market in recent seasons. A damp market gave the Brewers an opportunity to sign Lorenzo Cain to a team-friendly five-year deal in January of 2018, and their new center fielder’s 5.7 WAR campaign proved instrumental in a season Milwaukee won the NL Central by a single game. General manager David Stearns turned an even tidier trick last winter, inking Yasmani Grandal and Mike Moustakas to one-year pillow contracts in January and February respectively. Both made the All-Star team and they combined for 8 WAR as the Brewers again narrowly clinched a playoff berth.

Critically, the Brewers haven’t succeeded by aggressively courting free agents, but rather by waiting out the competition and swooping in with palatable offers to desperate players at the dawn of spring training. Cain surely entered his recruitment period thinking a nine-figure offer was a strong possibility, and neither Grandal nor Moustakas hit the market hoping for anything less than a multi-year deal. As prices fell, Milwaukee pounced. In capitalizing on a cool market, the Brewers were able to meaningfully augment their ballclub without incurring significant costs, and the result was a rare breakthrough to the playoffs.

Milwaukee won’t be able to run it back with the same strategy in 2020. As we’ve covered elsewhere, the free agent market has rebounded significantly this offseason. Unlike in recent years, many of the marquee players are already off the board, and for pretty big money, too. The league has already committed approximately $1.5 billion to players: That’s nearly a billion more than this time last year, a free agency period that ended with around $1.8 billion in total commitments. With plenty of mid-tier free agents still on the board, the pattern has been established: Good players are getting more money and more years than they have over the two previous seasons. Read the rest of this entry »

The Red Sox signed a pair of former top prospects to modest deals at the end of last week: José Peraza, 25, to a one-year deal worth $3 million; and Martín Pérez, 28, to a one year, $6 million deal with a club option for a second year and $6.25 million. Those moves appear targeted to replace the already-departed Brock Holt and the perhaps-soon-be-departed David Price, respectively, on the roster at a significant savings in cost. (Price is signed for $96 million over the next three seasons, and the Red Sox are apparently bound and determined to stay under the $208 million luxury tax threshold next year.)

The Peraza signing is the easiest to evaluate fully now, without the benefit of a full offseason’s worth of moves to put it in context. Holt, who has yet to sign with a team this offseason but now seems unlikely to return to Boston, played seven positions for the Red Sox last year and put up a perfectly respectable 103 wRC+ while doing so. Peraza only played six positions in 2019 — and one of them involved two stunt appearances on the mound — but he’s six years younger, quite likely cheaper, and there’s still hope that he’ll look more like the hitter who posted a .331 wOBA with the Reds back in 2016 than the guy who posted a .272 last season.

If Peraza can bounce back at the plate, the Red Sox can retain his services through arbitration (and at relatively low cost) all the way through the 2022 season. If he can’t, the Sox can non-tender him next season (or sooner) and all it’ll cost them is $3 million. I have my doubts that’ll happen, though. Peraza’s seen ever-fewer pitches inside the zone each year since 2017, as pitchers learn they don’t need to challenge him to get him out, and he was absolutely awful against the slider last year in a way that doesn’t leave me confident he’s due for a bounce back. Still, stranger things have happened, and Holt wasn’t going to be a Boston lifer. Read the rest of this entry »

Madison Bumgarner is staying in the National League West, but it won’t be with the Giants, the only professional organization he’s ever known. And he’s not joining the Dodgers, the championship-starved, longtime rivals who pursued him after losing out on Gerrit Cole, either. Instead, the 30-year-old lefty will join the rebuilding Arizona Diamondbacks via a five-year, $85 million contract, one that includes $15 million in deferred payments as well as a five-team no-trade clause.

The deal is the fourth-largest for a pitcher this winter after those of Cole (nine years, $324 million with the Yankees), Stephen Strasburg (seven years, $245 million with the Nationals), and Zack Wheeler (five years, $118 million with the Phillies), but it’s well short of the $100 million-plus contract he was reportedly seeking. Indeed, the gap between the third- and fourth-largest deals is strikingly large, particularly given that the two pitchers are similar in age (Bumgarner is 10 months older than Wheeler) and that for our Top 50 Free Agents list, both Kiley McDaniel and the crowd had the two pitchers very close together in terms of their paydays. The teeming masses estimated that both would receive four-year deals at $72 million, with McDaniel estimating $68 million for Wheeler and $64 million for Bumgarner.

It’s not hard to understand the discrepancy. Wheeler was worth a hefty 9.8 WAR over the past two seasons, including offense, with 5.3 (4.7 from pitching) in 2019. Bumgarner was worth 5.2 WAR over that same span, with 3.7 (3.2 from pitching) in 2019. Given his recent performance and the mere 749.1 major league innings under his belt, Wheeler, despite the injuries in his past, is seen as a pitcher who’s still on an upward trajectory, while Bumgarner, with 1,846 innings to his name, may have his best days in the rearview mirror. Read the rest of this entry »

You’d be forgiven, in a week where the three biggest free agents on the market signed for the better part of a billion dollars, for suffering from a little contract fatigue. The Angels and Yankees are both fascinating to think about — the Yankees for the neo-Evil Empire vibe the Cole signing gives off, and the Angels because hey, Mike Trout and Anthony Rendon are fun together. The Nationals re-signing Strasburg was the least interesting of the three, and he was just the World Series MVP on the team he helped make nationally relevant!

So in that light, I’m not going to try to convince you that the Mets signing Rick Porcello is an earth-shattering, franchise altering move. It’s a neat coincidence that the terms of the contract, one year and $10 million, match Blake Treinen’s deal with the Dodgers — two pitchers trying to prove they still have it. But in terms of competitive impact, it’s a meat and potatoes kind of deal; it will make the team a little better for 2020, in the way that adding competent pitchers does, without significantly changing the general circus that is the Mets.

So instead of detailing the prospective Mets rotation, let’s look at a few mystery players. First, here are two pitchers who seem pretty okay:

Read the rest of this entry »

At this point in his career, seeing Brett Gardner in anything but Yankees pinstripes would have come as a surprise. That’s why it is no shock that Gardner and the Yankees have agreed to a one-year, $12.5 million contract, a deal that includes a club option for 2021 valued at $10 million, as first reported by George King of the New York Post.

Gardner, now 36, has spent his entire 12-year big-league career in New York, and with the retirement of CC Sabathia, remains the last holdover from the Yankees’ 2009 World Series squad. This new deal represents his third time negotiating with the Yankees to extend his stay; the first time Gardner was headed for free agency, the two sides agreed to four-year, $52 million extension beginning in 2015 with a club option for 2019. The Yankees declined that option but brought him back anyway on a one-year, $7.5 million contract, his first signed as a free agent.

Gardner had one of his most productive seasons to date on his one-year deal, earning every penny and more. In 550 trips to the plate, Gardner slashed .251/.325/.503, setting full-season career-highs in home runs (28) and wRC+ (115) to boot. Always a great all-around player, he still graded out positively in both center and left field while adding nearly five runs on the bases. In total, he was worth 3.6 WAR. Read the rest of this entry »

Amidst a flurry of activity surrounding Gerrit Cole and Anthony Rendon at the Winter Meetings, the Blue Jays bolstered their starting rotation with an under-the-radar free agent signing. On Wednesday afternoon, Toronto agreed to a two-year, $24 million deal with Tanner Roark.

The Blue Jays had 21 different pitchers start a game in 2019, the most in the majors. While a handful of these starters were relievers acting as openers, it’s still a shocking amount to work through in a single season. With Marcus Stroman and Aaron Sanchez traded mid-season, there were moments in September when the pitching probables for Toronto were filled with TBDs.

After trading for Chase Anderson earlier this offseason, the Blue Jays continued to shore up their thin rotation by adding Roark, and they paid a bit of a premium for his durability. He’s made more than 30 starts in five of the last six seasons, with a stint in the bullpen in 2015 as the lone outlier. And though his innings total dropped to 165 in 2019 after three straight seasons of 180 innings or more, he made 31 starts split between Cincinnati and Oakland. His new pact with the Blue Jays has an average annual value higher than Kiley McDaniel ($10m AAV) or the crowd ($9.6m AAV) projected. With such a shaky rotation, the consistency and reliability of Roark was likely a factor in that slightly elevated salary. Read the rest of this entry »

At the end of 2018, Blake Treinen was riding high. He finished sixth in AL Cy Young voting, a placement befitting his absolutely outrageous season. He threw 80 innings of 0.78 ERA, 1.82 FIP relief, the best relief season by RA9 WAR in the 21st century and the sixth best by fWAR. He earned a $6.4 million salary in arbitration, and entered 2019 as the anchor of a fearsome bullpen.

Ten days ago, the A’s chose not to tender Treinen a contract. The dominant days of 2018 looked far gone; Treinen was below replacement level this year, and it’s easy to see why: his walk rate spiked from 6.7% to 13.9%, while his strikeout rate concurrently fell from 31.8% to 22.2%. Where a year ago he was an elite strikeout pitcher with a below average walk rate, this year he was just bad. His nine home runs allowed were also a career worst, and the combined package just didn’t work at all.

So when the A’s non-tendered him, it was somewhat surprising but not unthinkable. They run a shoestring operation, and spending on relievers is a risky way to spend scarce resources, particularly when said reliever was so bad last season. He wasn’t due much of a raise in arbitration — MLB Trade Rumors projected a $7.8 million salary — but the A’s decided they’d be better off finding relievers elsewhere and saving the money.

Yesterday, everything went all funny. The Dodgers signed Treinen to a one-year, $10 million deal, and, well — you’re not supposed to get non-tendered and then make more as a free agent. The whole reason teams crave controllable players so much is that arbitration awards tend to come at a discount to free agent prices. Non-tenders happen when teams expect a corner case in arbitration (generally for closers and dingers, but also award wins and prior salary awards) to create a distorted market. Read the rest of this entry »

Anthony Rendon is stoic on the field. Watching a Nationals game during his tenure, there was always opportunity to play a fun sub-game: watch Rendon for a grimace, or a sigh, or any indication that he was upset. You could go whole games without seeing it; he was simply out there working, staying in the moment, comfortable in himself and focused on the next pitch, the next ball to field, the next rally.

While it’s probably unfair to generalize a player’s on-field demeanor to their life, it’s a natural impulse. And so I can’t help picturing Rendon and his wife celebrating his new deal with a head nod, or perhaps a knowing smile, and a glass of wine on the patio. Staying in the moment; focusing on the next task at hand.

The next task is now teaming up with Mike Trout to win the World Series. The Angels signed Rendon to a seven-year, $245 million contract tonight, making him the third highest paid player in baseball on an annual basis, behind only Trout and Gerrit Cole (and tied with former teammate Stephen Strasburg, though without the deferral chicanery). The contract, first reported by Jon Heyman, is straightforward: seven years, $35 million each year, with a full no-trade clause and no opt outs. Read the rest of this entry »

One of the last unsigned stars available, third baseman Anthony Rendon found his new home Wednesday night, signing a seven-year, $245 million with the Los Angeles Angels as first reported by Jon Heyman. Rendon, who finished third in the National League MVP voting and made his first All-Star appearance in 2019, hit .319/.412/.598 for 7.0 WAR in 2019, all career bests. A key member of the World Champion Washington Nationals, Rendon’s departure leaves a giant hole in D.C.’s lineup.

That Rendon has achieved this much is a fantastic comeback story given the obstacles he faced early in his career. While it’s hard to characterize a first-rounder as a true underdog, Rendon had multiple ankle surgeries in college from injuries and partially broke his other ankle in his second professional game for the High-A Potomac Nationals in a non-contact injury. But since 2015’s knee and abdomen injuries, he’s managed to stay healthy and crucially, the injuries didn’t appear to thwart his development. Over the last four years, Rendon’s only averaged 15 missing games a year. That’s not Ripken-like, but it’s enough to put the injury worries on the back-burner.

Among position players, Rendon has been fourth in WAR over the last three years, behind only Mike Trout, Mookie Betts, and Christian Yelich. Read the rest of this entry »

Michael Wacha was once one of the most promising young pitches in the game. In 2013, he pitched the Cardinals to the World Series, winning NLCS MVP. Through his first dozen starts in 2014, Wacha put up a 2.78 FIP, 2.45 ERA, and a 1.8 WAR that was among the top 15 pitchers in the game. Shortly thereafter, Wacha was diagnosed with a scapular stress injury that would ruin the rest of 2014, leaving him an innings eater the following three seasons, and something less than that over the last two years. Wacha hit free agency for the first time having barely held on to a rotation spot for most of the season and having failed to make the Cardinals postseason roster. The Mets, seeking depth in a rotation that already includes Jacob deGrom, Noah Syndergaard, Marcus Stroman, and Steven Matz, opted for a low-risk deal to position Wacha to close out the rotation with a one-year, $3 million contract that, with incentives, could bring the total to $10 million, as first reported by Joel Sherman.

Wacha still has his signature changeup, but his fastball rarely missed bats and he allowed 16 homers on the pitch last season. His strikeout rate dipped below 20%, and he might have been hurt by the rise in home runs last year. While Busch Stadium is a home run suppressor, Wacha gave up a ton of long balls both at home and on the road, though his road numbers were particularly brutal, with a 6.17 FIP. An indication that he probably wasn’t fully healthy, Wacha’s velocity moved all over the place throughout the season. Mike Shildt did say that Wacha was healthy as the season ended, but that he didn’t make the postseason roster due to a lack of need for an extra starter. Read the rest of this entry »