Archive for Free Agent Signing

Zach Britton Turned One Simple Pitch Into $39 Million

It was just a little over two years ago that the Orioles lost to the Blue Jays in the AL wild-card game. At that point, Zach Britton was one of the greatest per-inning pitchers in the world, yet the Orioles left him in the bullpen while they lost in extra innings. Before they got to Britton, they went to Donnie Hart. Before they got to Britton, they went to Brian Duensing. Before they got to Britton, they went to Ubaldo Jimenez. It was as inexplicable then as it still is today –Britton was too good of a weapon to ignore, when the stakes were so high. There’s nothing to wait for in a game of that magnitude.

For Britton now, it might feel like ancient history. He moved on to a different team, and in 2018 he made it back to the playoffs, where this time he actually pitched. And Britton has elected to re-sign with that team, agreeing with the Yankees for $39 million over three years. The idea, from the Yankees’ perspective, is to again build out a bullpen that already included Aroldis Chapman, Dellin Betances, Chad Green, and Jonathan Holder. Britton will pitch in the seventh and eighth innings, this being further evidence of how teams are coming to reward non-closers. Something else is different, however. Britton will be paid more than he was in 2016. And yet he also hasn’t been that pitcher ever since. The Yankees are rolling the dice on a hard-to-hit sinker.

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With Jonathan Lucroy Signing, Yasmani Grandal Market Shrinks

From 2012 through 2016, Jonathan Lucroy was one of the best catchers in baseball. His 19 WAR during that time was second only to Buster Posey, and that figure likely underrates Lucroy, as his framing numbers made him even more valuable; Baseball Prospectus’ catcher defensive metrics have him being worth 85.5 framing runs over that span, though his value declined precipitously beginning in 2015. Since leaving the Brewers (and turning 30 years old), Lucroy has not been the same player on offense or defense. In 2017, he put up an 81 wRC+ and had to settle for a one-year, $6.5 million contract with the A’s. Last year, Lucroy got worse at the plate, posting a 70 wRC+, and now he has had to settle for a one-year deal worth $3.35 million with the Angels.

In their deal, the Angels are paying Lucroy like a player who put up 1.1 WAR in 2017 and followed it with 0.6 WAR last season. The projections still hold out a bit more hope that the 4.6 WAR season from 2016, and the very good seasons preceding it, are not a too-distant memory. Below is a the breakdown of Lucroy in his 20s and 30s, and his projection for next season.

Jonathan Lucroy Through the Ages
PA BA OBP SLG wRC+
Lucroy in his 20s 2996 .284 .342 .436 111
Lucroy in his 30s 1244 .261 .327 .381 86
2019 Depth Chart Proj 384 .254 .318 .381 94

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David Robertson Is the Phillies’ New Right-Handed Lefty Reliever

Baseball finds itself in a difficult position. On the one hand, there’s a clear, increasing emphasis on bullpen usage, as starters are throwing fewer and fewer innings every year. Teams are leaning on their relievers now more than ever, and as a consequence, more relievers are getting more money. The money tends to go where it’s needed. Yet on the other hand, relievers have this nasty volatility habit. They’re tougher to predict from one year to the next one, and many of last offseason’s free-agent contracts for relievers didn’t work out very well. Teams want relievers, and teams will pay for relievers, but it’s not always easy to know which effective relievers are for real. So many end up shooting stars against the night sky.

There are your pop-up relievers, though, and there is David Robertson. It’s true that a player is only consistent until he isn’t. Every career comes with some unknown and unknowable expiration date. Perhaps Robertson is about to enter his shakier years. But over the past several seasons, few relievers have been so steady, so dependable. Few relievers would appear to come with so high a floor. In large part because of that reason, the Phillies have signed Robertson for two years and $23 million. It’s not the three years Robertson was said to be looking for, but as he’s headed into his age-34 season, I think that both sides can call this a win.

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The Twins Have Cornered the DH Market

Nelson Cruz, a man seemingly determined to hit 30 home runs in every ballpark in America, has signed a one-year deal to hit 30 home runs for the Twins. Jon Heyman reported the contract is for $14.3 million for 2019, with a $12 million club option for 2020. That puts 2019’s value right around Kiley McDaniel’s AAV estimate from our Top 50 Free Agents list. That seems like a perfectly reasonable price to pay for the services of a man who, at age 38, is projected to produce about 2.7 WAR next year, though both Kiley and the crowd expected Cruz to secure a two-year deal, even with his market largely confined to the American League.

Cruz will likely spend much of his time in Minnesota as the Twins’ primary designated hitter, ably backed in that capacity by C.J. Cron, a fine power hitter in his own right and a recent waiver acquisition from Tampa. Cruz might also play a little right field from time to time, allowing Max Kepler to spell Byron Buxton in center; Cron will split time between DH and first base (sorry, Tyler Austin) though he could also, of course, be spun off in exchange for someone else, now that the Twins have reeled in Cruz. The winter certainly isn’t over yet, and the gap between the Twins and the Indians is still large enough that if the Twins mean to compete in 2019, we might expect another move or two from them before they’re done.

Here’s the reason for the deal in a nutshell:

The Twins Have Powered Up
Player PA HR wOBA wRC+ WAR
Nelson Cruz 630 35 0.367 132 2.7
C.J. Cron 495 24 0.343 115 1.3
Joe Mauer 543 6 0.319 98 1.0
Logan Morrison 359 15 0.283 74 -0.7
Mauer and Morrison stats are 2018 actuals. Cruz and Cron stats are 2019 Steamer projections.

You can quibble with the playing time projections a bit, because people are going to move around or out of town, but the overall message is clear: the Twins want to get better right now and are willing to pay real money to do so. In an AL Central division marked by rebuilding and a Cleveland roster that’s not getting any younger, that’s a refreshing change of pace. And there’s room to grow yet. The Twins’ payroll, even with Cruz in hand, is just slightly north of $100 million, and they don’t have a single guaranteed contract in place for 2020. Cruz stabilizes their lineup for 2019 without taking a single iota of flexibility away from the team in the future. That’s a deal you should do every time.

It’s true that you’d usually be concerned about a 38-year-old designated hitter falling off a production cliff, especially in a new ballpark. But Cruz has shown time and again that the usual rules don’t apply to him. That 132 wRC+ projection seems eminently sensible to me (it would be his lowest mark since 2013) and nothing about his 2018 performance at Safeco suggests the final, inevitable collapse is near at hand. Cruz may not be the hitter he was in 2018 next year, but even if he’s half that he’s a valuable addition for Minnesota. He will certainly be better than Logan Morrison.

And however you slice it, the Twins just added a lot more power in the short term; at least right now, they have three players (Cruz, Cron, and holdover Miguel Sano) who might reasonably be expected to hit 30 home runs, and two more (Eddie Rosario and Jonathan Schoop) who could match that figure with luck and a fair wind.

The Twins may not be so far away from contending. Pretty much everything went poorly for them in 2018, and they still won 78 games. If Sano’s titanium leg gets him back on the field with any consistency, if Buxton can bounce back from a wildly disappointing 2018, and, critically, if this Cruz signing is paired with other moves, you could squint and see how the Twins have the chance to be respectable in a division running low on respectability. The only thing standing between them and the postseason in the Central is a still-dangerous but weakened Cleveland squad (the Wild Card field, while theoretically an easier sell, is relatively crowded). The White Sox are still probably a year or two away from contention, and the Royals and Tigers are for the most part concerned with figuring out which way is up. If you’re the Twins and you still have money to spend, why not go for it?

Maybe Cruz will be bad in 2019. Maybe the Twins will be, too. But it isn’t a foregone conclusion coming into the season, and that’s more than can be said for a number of teams around the league today, including at least two in their own division. Nelson Cruz is a good baseball player and the Twins need a few more of those to be a good baseball team in 2019. They got him, and all they had to pay was money. This move won’t seal the division or the postseason for them, but it’ll get them much closer than they were last year. And if this is the beginning of a series of moves, it might be just enough to make the Indians think about spending money, which is a win in and of itself. This is a good signing for the Twins. On to the next.


Another Reliever Off The Board

Teams searching for relief help this offseason don’t have quite as much depth to pore over as they did last winter, when 14 relievers signed deals for between $10 million and $30 million. Craig Kimbrel and Adam Ottavino were thought to be at the top of the reliever class and are still available, but after that, just nine other relievers made our Top 50 Free Agents list. Joe Kelly and Jeurys Familia got things moving for those nine last week. Andrew Miller came off the board last night. Jesse Chavez has already signed a deal for just $8 million guaranteed. Kiley McDaniel predicted that Kelvin Herrera and Cody Allen, who are both toward the end of our list, would also fall short of an eight-figure guarantee. Not much of the mid-tier remains, and yesterday, the A’s decided to enter the fray by signing Joakim Soria to a two-year, $15 million contract, per Jon Heyman.

Oakland’s bullpen played a big role in their run to the 2018 playoffs, putting up a 3.37 ERA, 3.91 FIP, and 5.7 WAR that ranked fifth in all of baseball. A great deal of that production is owed to the brilliance of Blake Treinen though Familia pitched well after his trade from the Mets. Lou Trivino, Ryan Buchter, Fernando Rodney, and Yusmeiro Petit also contributed. The latter four return next year, but with Familia heading back to the Mets, the A’s felt the need to bolster the back end of the pen.

Joakim Soria started last season with the White Sox after spending most of his career in Kansas City. He pitched well for Chicago, and then pitched well for the Brewers, earning a late-inning role on a relief-heavy team. He struck out 8 of the 22 batters he faced in the postseason, but some bad batted ball luck might have caused a .455 BABIP and four runs in 4.2 innings. As Eric Longenhagen noted in his free agent capsule, even at 35 years old in May, Soria should have something left in the tank.

The grim reaper still hasn’t come for Soria’s stuff. His 2018 strikeout rate (29%) represented his highest mark since 2009, and his fastball is harder now (92 mph) than it was then (90 mph). A rare four-pitch reliever, Soria’s pitch usage has fluctuated significantly year-to-year. After a changeup-heavy 2017, Soria returned to more frequent fastball use in 2018. All of his secondary pitches are plus, and Soria may still have a late-career junkballing phase ahead of him if the velocity ever starts going away. Despite his age, one could argue Soria’s track record and repertoire merit a multi-year deal.

Soria got that multi-year deal at the going rate for relievers. In the mid-priced tier, only Zach Britton and David Robertson remain. After those two, teams will either need to pay elite-level prices or go shopping in the bargain bin if they want a free agent reliever for next season.


Cardinals Hope Miller Rebound Can Provide Relief

The Cardinals missed the playoffs for the third straight season in 2018, and their bullpen was a major reason why. The unit ranked among the NL’s worst by multiple measures, despite the team’s substantial investment in the ever-volatile reliever free agent market. With little choice but to dive back in, the team has made an even more substantial investment, signing 33-year-old lefty Andrew Miller to a two-year, $25 million deal.

The full details, via The Athletic’s Ken Rosenthal:

Both the $12.5 million average annual value and $25 million total are slightly above the two-year, $22 million estimates from Kiley McDaniel and our Top 50 Free Agents crowdsourcing project. From among the handful of reliever deals signed thus far this winter, Miller’s AAV surpasses Jeurys Familia‘s $10 million AAV deal with the Mets. That one is for three years, so it remains the largest, with Miller tied for second in total value with Joe Kelly’s $25 million, three-year deal with the Dodgers. If Miller falls short of 110 appearances — a level he reached in any pair of consecutive seasons from 2013-2017 — across 2019-2020, then his 2021 vesting option becomes a club option with the $2.5 million buyout. According to Yahoo Sports’ Jeff Passan, Miller had “a number of two-year offers in hand,” but the Cardinals evidently provided enough bells and whistles — not to mention the chance to win — for their offer to stand out.

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Nationals Get Anibal Sanchez To Replace Tanner Roark

The Nationals made one big move to bolster their rotation in signing Patrick Corbin. Soon after, they traded rotation mainstay Tanner Roark to the Reds for a relief prospect in Tanner Rainey. The move was slightly curious for a team that clearly wants to remain in the window of contention; Roark has been a league-average starter for some time now. One week later, the Nationals have their Roark replacement in Anibal Sanchez. A year ago, nobody wanted Sanchez, but some changes to his pitch-mix revived his career, and now the Nationals have rewarded those changes and the upside Sanchez brings over Roark with a two-year deal worth $19 million, as first reported by Anthony Fenech.

Sanchez’s deal also includes up to $4 million in incentives and a $12 million option for 2021, with a $2 million buyout, which is part of the $19 million guarantee. Because it’s the Nationals, there’s also some deferred money, with $2 million from both 2019 and 2020 due in 2021. Back in 2012, Sanchez was coming off two and a half solid years with the Marlins and a half season with the Tigers, averaging 3.6 WAR per season. The Tigers rewarded Sanchez with a five-year, $80 million contract in free agency. Sanchez responded with the best season of his career, posting a 2.39 FIP and a 2.57 ERA en route to six wins above replacement. He followed that season up with a solid, three-win campaign in 2014, though he did have two separate stints on the disabled list. In the final three years of his contract, Sanchez was below average, but did manage to pitch 415.2 innings. For their $80 million, the Tigers received 11.4 WAR, a reasonable outcome even if the performance was front-loaded.

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Daniel Murphy Finally Got to the Rockies

When last year’s Nationals got around to giving in, one of the players they moved was Daniel Murphy. Near the end of August, Murphy was flipped to the Cubs, who’d put in a claim on Murphy off waivers. It made plenty of sense that the Cubs would’ve had interest. It made less sense that the Rockies didn’t have interest. The Rockies were getting nothing from first base and left field, and compared to the Cubs, they had the higher waiver priority. But Murphy got by, and the rest was history. By which I mean, neither the Cubs nor the Rockies won the World Series. So it goes.

Just a few months ago, then, the Rockies decided Daniel Murphy wasn’t their man. And yet in this month, the Rockies have changed their mind. Yes, I get that circumstances now are different. But anyway, the Rockies have agreed to terms with Murphy on a two-year contract worth $24 million. Somewhat importantly, it sounds like Murphy is going to play first base, instead of second. Ian Desmond will get bumped to the outfield. Earlier, one could only dream of Murphy batting half the time in Coors. Now we’ll all get to see it in reality.

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There Have Been Two Trevor Cahills

A couple days ago, the Angels signed Matt Harvey for a year and $11 million, with a small potential purse of incentives. And now today, the Angels have signed Trevor Cahill for a year and $9 million, with a smaller potential purse of incentives. Cahill is just a year older than Harvey is, and he’s coming off a superior season. But where Harvey threw 155 innings, Cahill threw just 110. And so Harvey’s contract is a little bit better.

As many of you already know, the main issue with Cahill is durability. Over the course of his career, he’s been on the disabled list eight separate times, and he hasn’t thrown 150 major-league innings since 2012. He hasn’t thrown 150 overall innings since 2013. The last two seasons alone, Cahill has dealt with (1) a strained lower back, (2) a strained right shoulder, (3) a right shoulder impingement, (4) a right elbow impingement, (5) a strained right Achilles, and (6) upper back discomfort. Cahill has hardly been the picture of health. It’s why he didn’t receive a multi-year commitment.

And yet, Cahill is only 30. He hasn’t experienced any velocity loss, and he actually throws harder now than he did when he was younger. And it might surprise you to learn that, for all of Cahill’s health issues, he’s never had surgery. Not that I could find a record of, anyway. He’s never had surgery on his shoulder. He’s never had surgery on his elbow. He’s never had surgery on his knee or his hip or his anything else. In this way, Cahill is different from Harvey. And the upside here is easy to spot.

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What Matt Harvey Has Lost

I don’t think I need to tell you what Matt Harvey was. Earlier, in his prime, he was a bona fide celebrity, someone whose presence stretched well beyond just his excellent pitching. And, of course, that pitching was excellent. Harvey blossomed as one of baseball’s best starters, and he did so on New York’s massive stage. Given that Harvey is and has been a Scott Boras client, one could envision an enormous free-agent contract down the line. The target would’ve been this very offseason. Boras would’ve extolled Harvey’s many virtues using language only Boras could design.

At this writing, Harvey is 29 years old. Indeed, he found himself represented by Boras on the free-agent market. And he’s agreed to a one-year contract with the Angels, worth at least $11 million, and at most $14 million. In the same market, Nathan Eovaldi was guaranteed $68 million. J.A. Happ was guaranteed $34 million, and Lance Lynn was guaranteed $30 million. Garrett Richards was guaranteed $15.5 million, and he won’t pitch at all next year. Kurt Suzuki was guaranteed $10 million. Jesse Chavez was guaranteed $8 million.

This wasn’t the free agency Harvey or Boras imagined. There are reasons for that. You can squint and still see a similar pitcher. But the years, I’m afraid, have taken their toll.

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