It’s been a fast offseason for mid-tier pitchers, and that trajectory continued on Thursday with Michael Pineda signing a two-year contract to return to Minnesota. The actual value of the deal will come out to $17.6 million after pro-rating down the 2020 salary due to his suspension:

The first year of Michael Pineda's deal — which is pending a physical — is a prorated $10m. With a 39-game suspension to serve, that means #MNTwins will pay roughly $7.6m in the 1st year of the deal. In reality, it's more like a 2-year, $17.6-million deal for Pineda.

— DanHayesMLB (@DanHayesMLB) December 6, 2019

The weirdness of signing a suspended player and pro-rating salary aside, this looks like a contender for the most team-friendly contract so far this offseason. Cole Hamels, who Kiley listed exactly one slot ahead of Pineda, is going to make more in 2020 than Pineda will over the next two years, and he was arguably worse than Pineda in 2019.

It’s almost beside the point to explain why this signing makes sense for the Twins, but let’s go through the motions quickly. The team’s winning recipe in 2019 was a combination of home runs at the plate and steady starters on the mound. José Berríos and Jake Odorizzi both had standout years, but the rotation was solid 1 through 5: Read the rest of this entry »

Howie Kendrick can hit. Since joining the Nationals in the middle of the 2017 season, Kendrick has put up a .322/.367/.529 batting line with a 130 wRC+ that trails only Anthony Rendon, Juan Soto and Bryce Harper among Nationals with at least 500 plate appearances during that time. Kendrick put on a good show in the postseason as well, winning the NLCS MVP and then hitting a two-run homer in Game 7 of the World Series that gave the Nationals a lead they would not surrender. There appears to be a mutual interest in hoping for a repeat performance, as Kendrick and the Nationals have agreed to a one-year deal for a guaranteed $6.25 million with a mutual option, with Jesse Dougherty reporting the deal first and Bob Nightengale offering the terms.

Heading into the offseason, Kendrick was rated the 26th-best free agent on our Top 50 Free Agent List. Kiley McDaniel thought he’d get a two-year deal for roughly the same amount Kendrick is signing for, while the median crowd estimate nailed the contract with the average a little bit higher. Here’s some of what I wrote in the capsule for Kendrick at the time: Read the rest of this entry »

The indefatigable Ken “Robothal” Rosenthal reported Wednesday afternoon that Zack Wheeler had agreed with the Philadelphia Phillies on a five-year contract. Reportedly worth $118 million in guaranteed salary, Wheeler will remain in Philadelphia through the end of the 2024 season, barring a trade.

In my Elegy for ’19 article talking about the Phillies, when discussing the future, my hope was that the team would continue pushing forward financially. While it would seem unlikely that Philadelphia would suddenly become overly thrifty, the club would be far from the first contender to suddenly get nervous about nearing the luxury tax threshold.

Wheeler was always expected to be a top starter. A first-round pick for the Giants in 2009, he was traded to the Mets at the 2011 trade deadline straight-up for Carlos Beltran. Wheeler had little trouble adjusting to the majors, putting up FIPs of 4.17 and 3.55 in 2013 and ’14 over 49 starts for the Mets. Doesn’t it feel a bit odd that a 3.55 FIP was just a little better than league-average as recently as 2014?

During spring training in 2015, Wheeler was diagnosed with a torn UCL, resulting in Tommy John surgery that cost him the entire season. Arm soreness during his rehab in 2016 delayed Wheeler’s comeback with the Mets until the next year. It wasn’t until 2018 that Wheeler really appeared to be picking up where he left off, throwing 182.1 innings with a 3.31 ERA/3.25 FIP, enough for 4.2 WAR. Last year featured much of the same good stuff, with Wheeler’s .311 BABIP likely being partially the fault of an unimpressive Mets defense. Perhaps most importantly, 2019 put Wheeler’s 2 1/2 lost years more comfortably in the rear-view mirror, something important for a team making a significant contract commitment. Read the rest of this entry »

Before Wednesday, the Atlanta Braves’ winter had been centered around fortifying their bullpen. That strategy made sense — Atlanta’s reliever WAR was just inside the bottom third of baseball last year, so keeping the most important pieces of that bullpen around and adding extra talent around them had to be a priority. The Braves wasted little time in signing Will Smith, arguably the best reliever on the market, to a three-year, $40-million deal, and retained midseason acquisition Chris Martin and 37-year-old Darren O’Day on short-term deals as well. Their focus on keeping the band together applied to other areas of the roster too, as they quickly re-signed catcher Tyler Flowers and outfielder Nick Markakis before bringing in another catcher in free agency by adding Travis d’Arnaud via a two-year, $16-million deal.

An area that had gone untouched was the starting rotation, but as of Wednesday afternoon, that is no longer the case. The Braves signed 35-year-old left-hander Cole Hamels to a one-year, $18-million contract, according to ESPN’s Jeff Passan.

Left-hander Cole Hamels and the Atlanta Braves are in agreement on a one-year, $18 million deal, sources tell ESPN.

— Jeff Passan (@JeffPassan) December 4, 2019

Right away, the addition of Hamels brings to mind the upgrade the Braves made to their rotation via free agency last offseason — er, sorry, last June. That’s when Atlanta finally became the team to sign Dallas Keuchel after his extended free agency period, bringing him in on a one-year deal worth $13 million. Keuchel, like Hamels, was a low-velocity veteran southpaw, and after a somewhat rocky first couple of starts, settled in quite nicely down the stretch, earning the chance to start Games 1 and 4 of the NLDS. Read the rest of this entry »

When the A’s acquired Jake Diekman for the first time back in July, they hoped that he might pair effectively with a then-recovering A.J. Puk in neutralizing left-handed hitters, who through that point in the season had hit Oakland relievers to the tune of a .305 wOBA — not terrible, but also behind Houston, Tampa Bay, Cleveland, and New York in the American League. They also hoped that 2019 would end up being the first year since 2006 in which the A’s won a postseason series.

Neither of those things happened. Diekman, who has allowed a .293 wOBA to left-handed hitters over the course of his career, allowed a .314 figure to the 47 lefties he faced for Oakland, walking seven and hitting one with a pitch. The A’s, meanwhile, lost the AL Wild Card game to the Rays, 5-1. Diekman faced one batter.

Still, all the potential the A’s saw in Diekman last summer is still there, and so too is Billy Beane’s thirst for a World Championship. If you thought that last week’s Jurickson Profar trade was evidence of a step back from that goal (which I do not), think again. Diekman alone isn’t enough to put the A’s over the top (frankly, three Diekmans wouldn’t be enough) but teams that plan to punt on a season don’t sign relievers to two-year, $7.5 million deals, as the A’s have just done. Read the rest of this entry »

The Reds signaled their intentions to compete in 2019 by trading for Tanner Roark, Sonny Gray, and Yasiel Puig, among others. They did compete with a BaseRuns record above .500 that with neutral luck would have put them in contention until the end of the season. They were 4 1/2 games off the division lead at the All-Star break, but a crowded division and a lack of talent relative to their competitors left them with 75 wins at the end of the year.

Cincinnati also announced their intentions to compete in 2020 by acquiring Trevor Bauer at the trade deadline. Bauer is now a part of what should be one of the better rotations in baseball along with Luis Castillo, Gray, Anthony DeSclafani, and Tyler Mahle. Even with a good rotation, the present roster wasn’t going to be enough in 2020, so the Reds struck a big deal with Mike Moustakas for four years and $64 million, as first reported by Jon Heyman and Jeff Passan.

For Moustakas, this deal was a long time coming. Two seasons ago, Dave Cameron and the crowd here at FanGraphs expected Moustakas would get five years and somewhere between $85-95 million. At the time, the Royals third baseman was coming off a 38-homer, 113-wRC+ season, but there were some questions about his defense due to knee problems in addition to the stigma of a qualifying offer. Moustakas ended up settling for one year and a $6.5 million guarantee in returning to Kansas City. He improved his defense in his time with the Royals and Brewers in 2018, but he hit 10 fewer home runs and was just a bit above average on offense. Behind Manny Machado and Josh Donaldson in the third base pecking order, Moustakas again found his market lacking and signed with the Brewers for $10 million. Read the rest of this entry »

“Drew Pomeranz, star reliever” would have been an absurd claim five months ago, when the left-hander was laboring as a starter with the Giants. Since then, however, it’s become an eminently reasonable view. Beginning with a stint out of the bullpen in San Francisco and continuing with the Brewers, Pomeranz delivered a half-season of pure electricity.

Today that view goes mainstream. As first reported by Ken Rosenthal, the Padres have signed Pomeranz to a four-year, $34 million deal, further thinning out the free agent reliever market and besting the estimates of both Kiley McDaniel and the crowd on our Top 50 Free Agents list; Pomeranz ranked 24th on the list. Pomeranz will join Kirby Yates to further anchor what was already an above-average unit.

The terms of the deal were reported by Joel Sherman: Pomeranz will receive a $8 million signing bonus, and his annual salaries will be $4 million, $6 million, $8 million, and $8 million respectively. That works out to an average annual value of $8.5 million, with the money slightly front-loaded for the Padres.

I recently wrote about the changes Pomeranz made to his game as a reliever, but they’re worth reiterating, as they certainly figure heavily into San Diego’s move. Essentially, Pomeranz is the type of pitcher best suited to switch to relief. He has a great fastball that could use a bit of extra giddyup, a terrific secondary offering in his knee-buckling curve, and no business throwing any of his other pitches.

The returns on this new look were immediate. Pomeranz struck out nearly half the batters he faced over 30 innings of work, and he looked the part while doing it. The riding fastball went from a good pitch to one of the best fastballs in baseball. The curve wasn’t far behind; its 12-6 break looks best as an offset to the four-seamer, and batters loading up for the heat were blindsided by the curve. Read the rest of this entry »

In what is shaping up to be a very busy pre-Thanksgiving Hot Stove League, the Mariners announced on Wednesday that they have agreed with relief pitcher Carl Edwards Jr. on a one-year contract. Edwards will receive a base salary of $950,000, with the potential to make another $500,000 in performance incentives tied to appearances and games finished.

This is the type of move that you will likely see more of in Seattle this winter. The Mariners are rebuilding, and though it’s not the type of rebuild that tears everything down to the foundation, they probably won’t be competitive in 2020. Whether you call it a rebuild or a retool or a reimagining, finding low-cost pickups and reclamation projects are typically smart things for teams to do. It’s also a healthy situation for players seeking to rebuild their value and get better contracts down the road.

Seattle’s bullpen is a prime place for these types of low-risk additions. Spending on relievers tends to be the worst bang-for-the-buck signings when it comes to wins, so it’s natural to look for these kinds of transactions to fill out the relief corps. The Mariners are also a good candidate for this as they’re currently projected in our Depth Charts to have the worst bullpen in baseball. Read the rest of this entry »

Catcher week continued Tuesday in Arizona as the Diamondbacks signed Stephen Vogt, 35, to a one-year, $3 million deal that could extend to two years and $7 million if Vogt reaches various threshholds during his first year in Phoenix. Vogt missed all of 2018 after fairly serious shoulder surgery undergone whilst with the Brewers, but performed credibly in 280 plate appearances for the Giants in 2019, hitting 10 home runs and posting a 107 wRC+.

Arizona, meanwhile, was in the market for a veteran catcher to replace Alex Avila, who seems likely to depart in free agency after spending most of the last two years mentoring the Diamondbacks’ young backstop Carson Kelly. Kelly, 25, finally got more than 75 plate appearances in 2019 after three disappointing campaigns with the Cardinals left his once-elevated prospect status in doubt.

He made the most of his chances, triple-slashing .245/.348/.478 while walking 13% of the time and posting a 108 wRC+. Those aren’t All-Star figures, to be sure, and I’m certain the Diamondbacks are hoping for a little bit more out of him, but it isn’t bad for catcher, given the state of the position, was presumably enough promise to allow the Arizona brain trust to feel comfortable passing on bigger-name catching options for 2020. I suspect, given Arizona’s aspirations for 2020, that a disappointing start for Kelly might push the D-backs into the trade market come July, but they don’t need to decide that now. Read the rest of this entry »

Two winters ago, the Rangers weren’t looking to contend, but they were looking for undervalued pitching. They gave reliever money to starter-turned-very-good-reliever Mike Minor in early December to join the rotation with a three-year, $28 million deal that has proved to be a massive bargain, as Minor’s 6.7 WAR over the last two seasons ranks 29th among all pitchers. Last December, the still-rebuilding Rangers signed Lance Lynn, whose very good FIP in 2018 was marred by an ugly 4.77 ERA across stints with the Twins and Yankees, to a three-year deal worth $30 million. Lynn delivered with a seven-win season and a fifth-place finish in the AL Cy Young award voting. Now the Rangers have reached a three-year deal with Kyle Gibson worth $30 million, according to Jeff Passan, with Jon Morosi first reporting the team and player.

How Gibson fits in with Lynn and Minor goes beyond just the identical contracts. Over the last two years, Gibson put together a pair of solid 2.6-WAR seasons with the Twins, but a low BABIP in 2018 meant a 3.62 ERA, while a higher one last season resulted in a 4.84 ERA that made him look worse than he deserved. Gibson’s strikeout rate climbed to 23% with his walk rate dropping to 8%, all while maintaining his high groundball rate. His home run rate went up in a fashion consistent with the rest of the league. With his sinker, assuming a good infield defense (yet to be determined, given that the Rangers likely aren’t done making moves), he should put up very good numbers even in a hitter’s park (we don’t yet know how Texas’ new ballpark will play).

Gibson’s peripheral numbers aren’t the only aspect of his game that could make him an underrated signing. The prescient Kiley McDaniel had this to say in FanGraphs’ Top 50 Free Agents post:

It’ll surely hurt the Division Champion Twins to lose 9.6 WAR and 60% of their rotation with Gibson, Odorizzi, and Pineda hitting free agency. Gibson was the player with the most helium amongst team-side analyst-types consulted for the first iteration of this list. Some have him over Keuchel, in part because his 92-95 mph heater gives more margin for error in games, in projecting his future, and in projecting a role in a playoff rotation. His ERA indicators suggest he’s a sub-4 ERA type and he’s made 25-plus starts six years in a row. Gibson seems like a solid candidate for a sneaky big and/or early deal from a club confident he offers the best value among the 10 or so starters with a solid chance at a multi-year contract.

Read the rest of this entry »