Archive for Free Agent Signing

The Yankees Sign Gio Gonzalez for Minimal Risk, Money

Back in 2011, the Yankees had a lot of fun after signing two aging starters to minor league contracts, when they brought on Bartolo Colon and Freddy Garcia. Colon was deemed to be done by many. He went so far as to get a stem cell injection in his shoulder to give it another go. Garcia had a so-so season in 2010 and was working with significantly diminished stuff from his prime, but the two combined for 4.8 WAR, helping the Yankees on the way to a division title. Eight years later, New York has signed Gio Gonzalez to a minor league deal. He will earn $3 million if he reaches the big leagues, with incentives based on games started. He has the ability to opt-out on April 20 should he not receive a major league assignment. The circumstances that led to signing Gonzalez now, and Colon and Garcia then, are different, but the best-case scenario might be the same: big bang for the buck from a veteran arm.

Normally, there are five starting pitchers in a set rotation; two of the Yankees’ are injured this spring. Luis Severino, the staff ace, has an inflamed rotator cuff and is expected to be out until May. CC Sabathia is recovering from angioplasty and right knee surgery, and is projected to return sometime in April. That leaves two spots open beyond the cast of James Paxton, Masahiro Tanaka, and J.A. Happ.

The Yankees already have depth arms with major league starting experience in Domingo German, Jonathan Loaisiga, and Luis Cessa. German and Cessa in particular are having pretty good springs, but we all know that spring training can be a bit of a mirage. Those three combined for 1.8 WAR last year, which isn’t inspiring. But they are young and have shown flashes of promise, so it is possible that they could break out this year. For now, they are talented question marks. And even if the Yankees decide to carry two of the three, they would still face issues when it comes to rotation depth. As we’ve seen from the 2016 Dodgers, anything could happen to human beings who throw baseballs for living. Read the rest of this entry »


The Washington Nationals Take a Sipp

On Wednesday, the Washington Nationals dipped into the leftovers pile of free agency and came away with lefty reliever Tony Sipp, formerly of the Houston Astros, who signed a one-year, $1.25 million deal, with a $2.5 million mutual option for 2020.

Sipp spent five seasons with Houston, originally joining the Astros as a free agent in 2014 after being released from a minor-league contract with the Padres. The book on Sipp at the time was that his control wasn’t quite passable enough to use him in high-leverage innings, and it looked a lot like he was destined to spend his career shuttling between Triple-A and the majors depending on team needs at the time.

In 2014-2015, Sipp significantly improved that long-term outlook with increased confidence in his splitter, making a concerted effort to throw the pitch for strikes enough to make it not-so-predictable. Actually getting batters to chase it resulted in the splitter being promoted to a regular part of his repertoire, which had previously consisted primarily of a mediocre fastball and a good slider.

During those first two years, the splitter became his go-to tool against righties, throwing it 315 times against them compared to just 21 time to left-handed batters. The slider remained his bread-and-butter pitch against lefties as expected and over 2014-2015, Sipp allowed a 2.66 ERA and 2.93 FIP, and struck out 125 batters in 105 innings. Read the rest of this entry »


Adam Jones and Martin Maldonado Find New Homes

Neither Adam Jones nor Martin Maldonado, two players who signed one-year contracts over the weekend, classify as major signings in 2019, but they do have one thing in common: both contracts say a lot about where baseball is in 2019 and convey important lessons to players hoping to improve the next collective bargaining agreement.

Let me start by saying that I do feel that there’s a payroll problem in baseball. There are multiple reasons for that problem, but chief among them is that the sport’s fastest growing areas of revenue have become increasingly decoupled from the win-loss record and gate attendance of any particular team. This has had an inevitable drag on player salaries. Teams are still motivated to win baseball games, but when winning also increases revenue, it’s going to be more valuable (and likely yield higher average payrolls) than in situations when winning doesn’t.

If a thrifty (or cheap, depending on your point of view) team doesn’t derive significant benefit in revenue sharing from winning, and only sees minimal revenues of their own as a result of a good record, wins can start to become seen as a cost rather than an investment. Wins are good, but wins and more money is better. Read the rest of this entry »


Adam Warren Arrives in San Diego

The Padres announced Friday that they have signed 31-year-old Adam Warren, lately of Seattle, originally of North Carolina, and most notably of New York, to a one-year, $2 million deal, with a $2.5 million club option (and $500,000 buy-out) for 2020. In San Diego, Warren will join Kirby Yates, Craig Stammen, and Matt Strahm at the head of what should be a reasonably effective relief corps; the Padres’ 3.2 WAR projection is sixth-best in the NL and matches precisely that of division rivals Los Angeles and San Francisco. Warren might also, in the event the somewhat-less-impressive San Diego rotation does not perform at its best, throw a few innings at the beginning of games, either as a traditional starter or as an “opener.”

It is this mostly-theoretical capacity — to pitch relatively effectively both as a spot starter/long reliever and in more traditional relief roles — that has long tantalized the various clubs that have sought Warren out since his debut for the Yankees in 2012, though this appeal has dulled somewhat since a poor turn as a swing-man for the Cubs in the early part of 2016 (his 5.83 FIP during that half-season was his worst mark since 2.1 poor innings in his debut season by more than half a run). The Mariners, for whom Warren pitched from late July of last year to the season’s close, were unique among his three clubs in only using Warren out of the ‘pen, and he rewarded them somewhat poorly by posting his worst performance (4.82 FIP, 1.88 K/BB ratio) since that half-season in Chicago in 21.2 innings of work. He has not started a game since 2016, or more than one game a season since 2015. Read the rest of this entry »


Clay Buchholz is Now a Blue Jay

And the winner for the hallowed title of the second-most impactful free agent signing of February 28, 2019 goes to … the Toronto Blue Jays, who inked Clay Buchholz to a one-year, $3 million deal that could include another $3 million in incentives. Yes, the move — which won’t become official until he passes a physical, no small matter given his injury history — is a fair bit behind that of the Phillies’ record-setting agreement with Bryce Harper in terms of both money and impact, but it could easily pay off, as the 34-year-old righty showed flashes of brilliance during his stint with the Diamondbacks last season.

Buchholz, who was limited to just two starts in 2017 — with the Phillies, before they were a twinkle in Harper’s eye — due to a partially torn flexor pronator mass that required surgery, began last year working on a minor league deal in the Royals’ camp. He made three starts for the team’s top two affiliates at the outset of the season, then exercised a May 1 opt-out clause and landed with the Diamondbacks, whom he helped to keep in contention for a playoff spot. In 16 starts spanning from May 20 to September 8, he threw 98.1 innings with a 20.6% strikeout rate, 5.6% walk rate, 2.01 ERA, 3.47 FIP, and 1.9 WAR — calling to mind similarly tantalizing partial-season performances with the Red Sox in 2013 and ’15. Alas, his performance was interrupted for a month (from late June to late July) by an oblique strain; he then suffered another flexor strain in mid-September, and was shut down for the year after receiving a platelet-rich plasma injection. Read the rest of this entry »


Phillies Get Bryce Harper and Bryce Harper Gets Massive Payout

This offseason, Bryce Harper failed to reach an agreement with 29 teams on a long term contract that will pay him more millions in any one deal than any baseball player has ever received before. Fortunately for Harper, there are 30 teams in major league baseball, and after a winter (and arguably, a life time) of waiting, the 26-year-old and the Philadelphia Phillies have agreed to a contract that will pay Harper $330 million dollars over 13 years, with a no-trade clause and no deferrals or opt-outs, per Jon Heyman and Jeff Passan. In exchange for that large guarantee, the Phillies get a star player, both in reputation and performance. His five-win 2019 projection is one of the very best in the game, and he greatly improves the Phillies’ chances of a playoff spot in a tough division.

Prior to adding Harper, the Phillies had already made several big moves, adding J.T. Realmuto, Andrew McCutchen, Jean Segura, and David Robertson. Despite those additions, the Phillies were still projected for a win total in the low 80s, and found themselves in a real fight with the Braves and Mets for second place in the division. Harper jumps into a corner outfield spot with the Phillies and improves the team by around four wins over what Nick Williams would’ve provided, vaulting the Phillies past the Mets and Braves and into a conversation with the Nationals for best team in the division and potentially the National League. Harper gets his record-breaking contract, topping Machado’s free agent deal and Giancarlo Stanton’s $325 million extension. The money is more spread out, with a roughly $25 million average annual value that could benefit the Phillies as they navigate the competitive balance tax in the future, so go ahead and start (or continue) the rumor that Mike Trout will make his way to Philly after the 2020 season.

While the wait this winter has been a long one, as free agency drags into spring training, this deal has been an even longer time coming for the former teen phenom. Ten years ago, a 16-year-old Harper was asked what he wanted from baseball, and he responded with all the bravado of a teenager, mentioning the Hall of Fame, pinstripes, and becoming “the greatest baseball player who ever lived.” As for the criticism that came with the comparisons to LeBron James and seeming hubris of a wunderkind gracing the cover of Sports Illustrated when he could barely drive, Harper embraced it, saying “I love the way people talk crap. I hear it all the time. Overrated. You suck. I’ll just do something to shut them up, like, I’ll show you.”

A decade later, he’s still on track for the Hall of Fame, though New York’s trade for Giancarlo Stanton made pinstripes unlikely, and Mike Trout’s existence all but ensures that Harper won’t even be the greatest player of his generation. That Harper might have to settle for Cooperstown speaks to the great expectations placed on the former number one overall pick and NL Rookie of the Year. As for those trying to cut him down, a decade has likely wisened Harper to the reality that nothing he can do will ever stop the naysayers or the perception that he hasn’t done enough. After putting up consecutive four-win seasons at 19 and 20 years old, Harper was rewarded by his peers by being voted the most overrated player in the game two years in a row. While multiple All-Star-level campaigns should have been enough to draw positive attention, Harper wasn’t satisfied; he got better. At 22 years of age, he put up one of the greatest single hitting seasons of all-time and won the NL MVP award unanimously. Just two seasons later, he was again considered the most overrated player in the game by his peers.

The expectations placed upon Harper by the media, his agent Scott Boras, and by Harper himself have shaped the way he is viewed by players and fans. The Commissioner opted to single Harper out for daring to think a $400 million contract was a reasonable ask. When greatness is the standard, slumps, team failures in the playoffs, injuries that have shortened seasons, and one season’s worth of poor defensive metrics garner more attention than a Hall of Fame pace. With this contract, those expectations aren’t going away, but if his track record, projections, and comps are any indication, some of the boasts of a 16-year-old might well become reality, as Harper continues to put up Hall of Fame caliber numbers.

Comparisons help frame our understanding of players, but in free agency, historical comparisons can often do a disservice to a player like Harper. Most free agents are older than he is. Andrew McCutchen became a free agent for the first time this winter at age 32. When Harper reaches McCutchen’s age, he will be in the seventh year of his contract. Comparing Harper’s contract to 10-year deals is nearly meaningless when those deals miss on multiple prime years at the beginning and instead mostly contain multiple years in the late-30s when age decimates nearly all players. Perpetuating the owner’s message that 10-year deals don’t work out is an exercise without utility.

Since Jackie Robinson joined the majors in 1947, only 13 players have put up a WAR within five of Harper’s 30.7 and within 20% of his 3957 plate appearances through their age-25 seasons, including Manny Machado. The 11 players who preceded this year’s free agent pair averaged 39 WAR from age 26 through age-35, and eight of the 11 players are in the Hall of Fame. Even ignoring Harper’s MVP season, his comps create an incredibly high floor. According to my colleague Dan Szymborski, ZiPS, which uses some fairly conservative playing time estimates due to the length of the deal, still has Harper worth more than 30 wins over the life of the contract even with the last few seasons projected to be below replacement-level.

In the past two decades, the only players at Harper’s age or younger to reach free agency with a similarly high level of play are Alex Rodriguez, whose 140 wRC+ through age-25 is identical to Harper, and Manny Machado. The latter just received his own $300 million deal, while the former signed for $252 million nearly two decades ago. Those dollar figures can also deceive in free agency, as Rodriguez’s deal is worth close to $600 million in today’s payroll dollars. Machado’s contact might be the first free agent contact to reach $300 million, but it’s the 10th MLB contract to reach that amount in today’s dollars, while 22 deals have been worth $252 million or more adjusting for MLB payroll inflation.

It’s possible that Harper’s defense has taken a more lasting turn for the worse, and will limit his value going forward. It’s possible Harper gets hurt. He might age poorly. There is inherent risk in making any decade-long-plus commitment when you only get to see a single outcome. It’s important to bake that risk and that downside into future expectations. When we factor that risk with the very good player Harper has mostly been, the great player he’s sometimes been, and the upside associated with a star’s late-20s–make no mistake, even at this high cost, there is still substantial upside–this is an objectively good deal. Adding Harper for 2019 is always going to look good. Every single team in baseball would love to have had Harper for this season. The reason those 29 other teams don’t is their unwillingness to make the substantial commitment that comes after this season. Those teams undoubtedly have their reasons for not making that outlay, but based on everything we know, the Phillies did a very good job in securing a likely Hall of Famer fairly early on his career while paying a reasonable price to do so. For both sides, it has been a long time coming.


White Sox Miss on Machado, Sign Santana

Ervin Santana, who made his major-league debut for a 2005 Angels squad that also included Steve Finley (who made his debut in 1989) and a 32-year-old Bartolo Colón, last week signed a minor-league contract with the White Sox that’ll be worth $4.3 million if he makes the big-league roster out of spring training.

Santana has spent much of the last decade and a half being a perfectly acceptable starting pitcher for four big-league teams (his mean annual WAR is 2.0 on the dot), and much of the last twelve months being a hurt and bad for the Twins. Last year, an injury to his throwing hand kept him out of the rotation until late July; he would head back to the injured list in mid August and finish his season there. In between, he pitched poorly. He posted a 7.94 FIP. His 8.03 ERA was third-worst among starters with as many innings (24.2), behind only the Orioles’ Chris Tillman (who checked in with a 10.46 ERA) and new rotation-mate Carson Fulmer (8.07). Unfortunately for the White Sox, their rotation doesn’t get much better after Fulmer. Our depth charts have the White Sox dead last in projected rotation WAR for 2019: Read the rest of this entry »


Twins Add Wins with Marwin Gonzalez

For the second winter in a row, the Twins have taken advantage of a depressed free agent market to load up on players via short-term contracts, even doing so after camps opened. On Friday, they made their latest move, adding switch-hitting superutilityman Marwin Gonzalez — who ranked 15th on our Top 50 Free Agents List last November — to the fold on a two-year, $21 million deal.

Originally signed by the Cubs out of Venezuela in 2005, Gonzalez has spent the entirety of his seven-year major league career with the Astros, who acquired him from the Red Sox in a Rule 5-pick-and-trade in December 2011. Last year, he wasn’t quite as super with the bat as he was in 2017 (.303/.377/.530, 144 wRC+), but he overcame a slow start to hit a respectable .247/.324/.409 in 552 PA, with 16 homers and a 104 wRC+; it’s the fourth time in five years he’s had a wRC+ above 100. He’s been above-average from both sides of the plate in each of the past two seasons, and has a negligible platoon split for his career (104 wRC+ vs righties, 101 vs. lefties).

The versatility of “Swiss G” — that’s agent Scott Boras’ name for his client, and I swear on a stack of baseball cards that I won’t use it unironically ever again — extends to the field, of course. Last year, Gonzalez made 65 starts in left field, 29 at shortstop, 21 at first base, 19 at second base, and two at third base; he also made late-inning appearances at the other two outfield positions, and probably manned Minute Maid Park concession stands on both the first and third base sides when he wasn’t playing. The story was similar in 2017 (38 starts in left, 33 at short, 20 at first, 15 at third, and 14 at second). He can spot start to give a regular a day off, hold down a position for weeks at a time during another player’s IL stint (as he did last year for Yulieski Gurriel, Jose Altuve, and Carlos Correa), or serve as a primary option when other plans fall through (as the Astros’ left field machinations did last year). Defensively, he’s been a plus in left, and more or less average everywhere else except shortstop, where the metrics suggest he’s stretched (-6.5 UZR and -8 DRS over the past two seasons), though as we’re dealing with small slices of playing time, sample-size caveats do apply.

With 4.0 WAR in 2017 but a more modest 1.6 last year, and a total of just 3.1 from 2014-2016, Gonzalez was never in the same class as Ben Zobrist in terms of delivering value, though Boras reportedly sought a Zobristian four-year, $60 million deal for his client. Even if that was never going to happen, Gonzalez — like so many other free agents — was expected to net a larger contract than he landed, because frankly, very few teams couldn’t use a player like him. For our Top 50 roundup, Kiley McDaniel projected him to receive three years and $39 million, while even suggesting that a four-year deal was possible; our crowdsource median came in at three years and $30 million. But with deals like these already inked…

Mid-Priced Free Agent Infielders
Player Pos Prev WAR Proj WAR Age Med Years Med Total New Tm Yrs $
DJ LeMahieu 2B 2.0 2.1 30 3 $36.0M Yankees 2 $24.0M
Daniel Murphy 2B 0.8 1.9 33 2 $28.0M Rockies 2 $24.0M
Josh Donaldson 3B 1.3 4.1 33 1 $23.0M Braves 1 $23.0M
Jed Lowrie 2B 4.9 2.1 34 2 $24.0M Mets 2 $20.0M
Mike Moustakas 3B 2.4 2.5 30 3 $36.0M Brewers 1 $10.0M
Brian Dozier 2B 0.8 2.2 31 3 $36.0M Nationals 1 $9.0M
Jonathan Schoop 2B 0.5 2.2 27 Twins 1 $7.5M
Med(ian) Years and Med(ian) Total contract values from our crowdsource balloting (https://blogs.fangraphs.com/contract-crowdsourcing-2018-19-ballot-1-of-7/).

…a three-year contract for that kind of scratch wasn’t happening, particularly at this stage of the winter. Against that backdrop, it’s worth noting that Gonzalez, whose contract projection was in the ballpark of those of Moustakas and Dozier, outdid them both in AAV and total dollars. He wouldn’t have been a bad choice for either of those jobs, and personally, I’d much rather have him in a multi-position role than LeMahieu, a fantastic fielder at second base but less of a hitter, and with less experience juggling gloves.

Gonzalez’s signing is of a piece with what the Twins have been doing lately. Last winter, fresh off 85 wins and an AL Wild Card appearance, the team signed Logan Morrison to a one-year, $6.5 million deal on February 28, and Lance Lynn to a one-year, $12 million deal on March 12, those after previously adding Zach Duke (one year, $2.15 million), Michael Pineda (two years, $10 million), Addison Reed (two years, $16.75 million), and Fernando Rodney (one year, $4.5 million) in December and January. Morrison struggled and then needed hip surgery, Lynn scuffled as well, and when it was clear that it wasn’t the Twins’ year to win, they flipped Lynn along with Duke on July 30, part of a flurry of pre-deadline deals that also saw them trade Dozier away to the Dodgers, Eduardo Escobar to the Diamondbacks, and Ryan Pressley to the Astros, before sending Rodney to the A’s in August.

Despite so much going wrong — including dreadful, injury-marred seasons from Byron Buxton, Miguel Sano, and the since-departed Ervin Santana (who agreed to a minor-league deal with the White Sox on Friday) — the Twins finished 78-84. They’ve been busy handing out one-year deals this winter, adding Nelson Cruz ($14.3 million), Schoop, Martin Perez ($3.5 million), Blake Parker ($1.8 million), and Ronald Torreyes ($800,000), not to mention minor league deals for the likes of Lucas Duda and Tim Collins, plus C.J. Cron via a waiver claim.

Gonzalez is likely to reprise his multiposition role in Minnesota, filling in here and there while insuring against the possibility that things go south again for Schoop or Sano, whose 2018 performances offer less hope than their relatively sunny projections for two-plus wins apiece. Schoop, who split his season between the Orioles and Brewers, dipped from a 122 wRC+ and 3.8 WAR in 2017 to 80 and 0.5 last year, while Sano, whose 2017 ended with surgery to implant a titanium rod in his left leg to help it heal from a stress reaction, hit for an 82 wRC+ with 0.0 WAR. The bummer of it is that Gonzalez could squeeze the wonderful Willians Astudillo off the 25-man roster, though it might be Ehire Adrianza, who can play shortstop but can’t catch, who winds up drawing the short straw.

Given his versatility and his relatively modest salary, Gonzalez could have helped a whole lot of teams. He figures to be well worth his money for the Twins.


The Padres Are Actually Signing Manny Machado

According to those estimated franchise values at Forbes, the San Diego Padres are in the bottom half of baseball’s 30 organizations. Perhaps even more relevant, the Padres are routinely among baseball’s bottom ten spenders. The Padres have pretty much never behaved like a big-market team, and after long enough, that creates a pretty rigid impression. One thinks of the Padres the way one might think of, say, the Reds. When it comes to high-profile free agents, you feel comfortable ruling them out. Why would you think the Padres would be a player?

Of course, teams can choose to change. And as much as we might still think of free agency as directing players toward certain big spenders, you never know when someone might surprise you. One offseason ago, the biggest free-agent contract went to Eric Hosmer, and it was given by the Padres. And now this offseason, the biggest free-agent contract so far is going to Manny Machado, and it’s being given by the Padres. According to reports, the deal will be worth $300 million over ten years, with an opt-out after year five. It’s close enough to the contract we’ve always expected. I just don’t think anyone really expected the team.

The Padres read the market, and they chose to be aggressive, where other clubs were more cautious. Now the door could be open a year ahead of schedule.

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Milwaukee Brings Back the Moose

Free agency was supposed to be different for Mike Moustakas this time around. Last winter, coming off his second All-Star appearance and a career-high 38 home runs, the longtime Royals third baseman turned down a $17.4 million qualifying offer in anticipation of a multiyear contract, only to receive a frosty reception on the open market. Ultimately, he made a belated return to Kansas City on a one-year deal, was traded to the contending Brewers in late July, and hit free agency again this fall — this time without a qualifying offer and associated draft pick compensation. Yet once again, he only landed a considerably discounted one-year contract. He’ll return to the Brewers on a $10 million deal that includes a mutual option for 2020.

Moustakas, who turned 30 on September 11, hit a combined .251/.315/.459 with 28 homers, a 105 wRC+, and 2.4 WAR in 2018. His offense wasn’t quite what it was in 2017 (.272/.314/.521, 114 wRC+) but his defense improved significantly in terms of both DRS (from -8 in 2017 to 2 in 2018) and UZR (from -4.5 to 1.0). Given that he was finally more than a year removed from the right ACL tear that limited him to 27 games in 2016, that shouldn’t be tremendously surprising; according to Statcast, his average sprint speed also increased substantially, from 24.0 feet per second to 25.7, though even that puts him somewhere around the 15th percentile of major league regulars.

Moustakas’ defensive rebound helped offset his slight offensive downturn; his overall WAR was a bit ahead of his 2.1 from 2017, if still shy of his career-best 3.8 in 2015. He’s not what you’d call the most disciplined hitter; his 37.0% rate of swinging at pitches outside the zone places him in the 15th percentile among qualifiers, while his 7.7% walk rate puts him in the 35th percentile. He doesn’t strike out much (16.2%, 72nd percentile), but even so, 2018 saw his highest K rate since 2012, his first full major league season. A pull-happy hitter, he had 372 plate appearances against a traditional shift, the majors’ third-highest total. He hit for just a .243 average with a .311 slugging percentage and a 43 wRC+ in those plate appearances, which is 14th percentile stuff. Combine that with his non-blazing speed and you get a .259 BABIP, the majors’ 15th lowest among qualified hitters.

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