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Accounting for Free Agency’s Biggest Gainers and Losers

Jim Rassol-USA TODAY Sports

When free agent Matt Chapman signed with the Giants this past weekend, most of my analysis focused upon the ups and downs of his 2023 season and the nature of his contract, which looks comparatively team friendly. One thing I underplayed in the analysis was the extent to which San Francisco’s winter stands out relative to the competition. Even before the addition of Chapman, the Giants had spent more money on free agents than any other team besides the Dodgers, and likewise project to receive more WAR from those additions than any team besides their longtime rivals.

Based on the data in our Free Agent Tracker, the Giants have now committed $261.25 million in guaranteed salaries: $113 million to center fielder Jung Hoo Lee, $44 million to righty Jordan Hicks, $42 million to DH/outfielder Jorge Soler, and $8.25 million to catcher Tom Murphy; this accounting does not include the major league salaries that shortstop Nick Ahmed or lefty reliever Amir Garrett will get if they make the big league roster; last month, they each signed minor league deals as non-roster invitees. San Francisco’s additions may not be as eye-catching as signing either Carlos Correa or Aaron Judge would have been last offseason, and the team still projects for a middle-of-the-pack 82 wins after going 79-83 last year, but the Giants may not be done spending some of the money that was burning a hole in their pockets. They remain interested in Blake Snell, especially in the wake of injuries within their rotation.

Of course, the Dodgers blow the field away when it comes to spending, even if we stick to the adjusted salaries once deferred money is factored in, with a total of $853.2 million: $437.83 million to Shohei Ohtani (down from a sticker price of $700 million), $325 million to Yoshinobu Yamamoto, $20.434 million to outfielder Teoscar Hernández (down from $25 million), $10 million to Clayton Kershaw (with incentives that can increase the value significantly for both 2024 and ’25), $9 million apiece to Ryan Brasier and Jason Heyward, $8 million to Joe Kelly, $7 million to James Paxton, and $4 million to Enrique Hernández.

Here’s a look at the 30 teams’ free agent spending. Note that, as above, these figures factor in the applicable deferrals but not incentives, escalator clauses, or split-contract salaries from minor league deals:

Free Agent Spending, 2023-24 Offseason
Team Free Agents Major Minor $ (Millions)*
Dodgers 12 9 3 $853.2
Giants 7 5 2 $261.3
Phillies 6 4 2 $183.0
Cubs 8 3 5 $142.0
Diamondbacks 7 4 3 $136.5
Reds 10 8 2 $112.7
Royals 10 8 2 $110.5
Cardinals 6 6 0 $107.6
Astros 2 2 0 $107.0
Brewers 9 8 1 $77.3
Braves 6 4 2 $71.4
Blue Jays 6 4 2 $70.5
Mets 16 10 6 $69.2
Angels 15 8 7 $52.3
Padres 4 4 0 $50.0
Red Sox 6 2 4 $48.5
Tigers 6 5 1 $47.5
Rangers 12 5 7 $40.6
Yankees 4 3 1 $40.5
White Sox 16 6 10 $30.1
Pirates 7 5 2 $29.2
Mariners 3 1 2 $24.0
Rockies 5 3 2 $16.5
Orioles 4 1 3 $13.0
A’s 3 3 0 $12.3
Nationals 8 3 5 $9.3
Rays 5 3 2 $9.1
Twins 4 3 1 $7.7
Marlins 5 1 4 $5.0
Guardians 3 1 2 $4.0
SOURCE: RosterResource
* = Total salares adjusted for deferred money, but not including incentives or split-contract salaries for players on minor league contracts.

As you can see, five teams committed less than $10 million each this winter, and of the bottom seven teams, four (the Orioles, Rays, Twins, and Marlins) made the playoffs last year. Free agency isn’t the only route to improve a team, but particularly with regards to the Orioles, one can empathize with fans who are disappointed that last year’s success hasn’t translated into a shopping spree to improve their odds of getting back to the postseason.

The 30 teams have committed a total of $2.74 billion to free agents so far, and even though that figure will increase once Snell and Jordan Montgomery sign, overall spending will still be lower this offseason than in recent ones. Based on the data at RosterResource, teams spent $4 billion last offseason ($2.22 billion on the top 12 free agents alone) and $3.22 billion in the lockout-interrupted offseason of 2021–22. For this winter, spending works out to an average of $91.38 million per team, but that figure is skewed by the top teams to such an extent that the median is just $49.25 million; only nine teams exceeded the mean.

Beyond the dollars, I thought it would be worth revisiting some free agent accounting we’ve done in the past, regarding WAR added and lost in free agency. This isn’t quite as straightforward as it sounds, as we’ll soon see.

Net 2023 WAR Added and Lost
in Free Agency
Team Out FA Out WAR In FA In WAR Net WAR
Reds 12 -1.0 10 8.7 9.7
Cardinals 5 -0.5 6 8.6 9.1
Royals 8 -0.1 10 8.0 8.1
Dodgers 16 9.0 12 (1) 17.1 8.1
Diamondbacks 9 2.6 7 7.7 5.1
Giants 11 3.5 7 (1) 6.9 3.4
Yankees 11 0.4 4 3.6 3.2
Astros 4 0.2 2 2.8 2.6
Nationals 6 -0.6 8 1.8 2.3
A’s 5 -0.4 3 1.9 2.3
Guardians 8 -1.6 3 -0.2 1.3
Tigers 7 3.5 6 4.7 1.3
Brewers 14 2.6 9 3.4 0.8
Pirates 3 1.9 7 2.7 0.8
Mariners 6 2.4 3 2.7 0.4
Phillies 6 4.4 6 4.4 0.0
Rays 6 1.5 5 (1) 1.0 -0.5
Mets 12 0.7 16 -0.1 -0.8
Marlins 11 -0.7 5 -1.7 -1.0
Cubs 10 6.7 8 (1) 5.5 -1.2
Braves 11 3.3 6 2.0 -1.3
Rockies 6 2.6 5 0.5 -2.1
Red Sox 7 4.0 6 0.8 -3.2
Orioles 7 4.2 4 0.8 -3.4
Angels 12 5.9 15 2.1 -3.8
White Sox 11 2.6 16 (1) -2.3 -5.0
Rangers 14 6.2 12 1.2 -5.0
Blue Jays 8 9.2 6 (1) 2.8 -6.5
Twins 11 12.6 4 1.9 -10.7
Padres 20 10.8 4 (2) -2.5 -13.2
Outgoing and incoming counts include players on minor league contracts. WAR figures cover only players who were in MLB in 2023; numbers in parentheses represent players signed from NPB and KBO

This is the most basic accounting, lumping together players signed to major league deals and those who had to settle for minor league ones; the latter inflates the counts of some of these teams well into double digits. It’s worth noting that where players spent time with multiple teams in 2023, I’ve only counted their WAR with their last team on the outgoing side, but their full-season WAR on the incoming side. Consider the case of Jeimer Candelario, who produced 3.1 WAR for the Nationals and then 0.2 WAR for the Cubs. To these eyes, crediting the Reds as adding a 3.3-WAR player properly conveys the impact of a substantial addition. The question is whether to count the Cubs as losing 3.3 WAR (via a player they acquired without intending to retain) or 0.2 WAR (reflecting the transient nature of a late-season addition). I went with the latter option.

The total number of outgoing free agents shown above (277) doesn’t include 11 additional players from the KBO and NPB, eight of whom have signed (all but Trevor Bauer, Adam Plutko, and Yasiel Puig), meaning that from among that total, 73 — about 25% — are unsigned. Most of the unsigned are fairly low impact players, in that just 13 produced at least 1.0 WAR last year, with Montgomery (4.3), Snell (4.1), Brandon Belt (2.3), Mike Clevinger (2.2) and J.D. Martinez (2.2) the only ones above 2.0. Meanwhile, 35 of them produced zero or negative WAR, though to be fair, that was often in limited opportunity.

While the eight foreign players who have signed are counted in the total number of signed free agents above, they didn’t produce any WAR within MLB. Thus, the fact that three teams outrank the Dodgers in terms of net free agent WAR comes with the caveat that the Los Angeles total doesn’t include Yamamoto.

I’ll come back to that issue, but first let’s note the teams at the extremes. Ahead of the Dodgers are three teams who had a bunch of players hit the open market, but who were at best minimally productive in 2023, and who all went out and made at least a few solid moves. Of the dozen Reds to test free agency, including the still-unsigned Joey Votto, only Harrison Bader produced even 1.0 WAR in 2023, and he nonetheless was 0.2 wins below replacement after being acquired from the Yankees. On the other side, in addition to Candelario, the team shored up its pitching by adding starters Nick Martinez and Frankie Montas, relievers Brent Suter and Emilio Pagán, and more — not big moves, but enough to put them at the top. The Cardinals shed five players, most notably Dakota Hudson, and overhauled their rotation by adding Sonny Gray, whose 5.3 WAR as a Twin tied Kevin Gausman for the AL lead, as well as Kyle Gibson and Lance Lynn; they also added Keynan Middleton to the bullpen and staffed their bench with Brandon Crawford and Matt Carpenter. Of the eight Royals who became free agents, only Zack Greinke produced 1.0 WAR, but they beefed up their pitching, with starters Seth Lugo and Michael Wacha; their lineup, with Hunter Renfroe; and their bench, with Adam Frazier and Garrett Hampson to their bench. These moves won’t win them the division, but they’re at least proof of life.

The Dodgers’ figures on both sides of the ledger are inflated by their keeping Brasier, Enrique Hernández, Heyward, Kelly, and Kershaw, but they did shed the still-unsigned J.D. Martinez and Julio Urías, replacing them with the market’s two most expensive players. The Diamondbacks re-signed Lourdes Gurriel Jr. and didn’t lose anybody who produced at least 1.0 WAR for the team, while the only departing Giant to meet that threshold was Sean Manaea.

At the other end of the spectrum, it’s striking that the bottom five teams include three AL postseason participants plus one NL team that barely missed it. Whether they won it all or fell short, their offseasons have resulted in some downsizing of payrolls and perhaps expectations.

In the wake of last year’s $255 million flop, the uncertainty regarding their local broadcast deal, and the death of chairman Peter Seidler, the Padres gutted their pitching staff, with Snell, Lugo, Martinez, Wacha, and closer Josh Hader among those departing, along with catcher Gary Sánchez, whom they plucked off the scrapheap and who had his best season since 2019. Most of the money they’ve spent this offseason was on their bullpen, with Wandy Peralta, Japanese lefty Yuki Matsui and Korean righty Woo-Suk Go joining the fold. The Twins shed Gray, Kenta Maeda, and Tyler Mahle from their rotation, and both Donovan Solano and Michael A. Taylor remain unsigned but unlikely to return; meanwhile their most impactful addition is first baseman Carlos Santana. The Blue Jays let Chapman depart, along with Belt, Hicks and Whit Merrifield; they cobbled together a lower-cost third base solution, which includes the incoming Justin Turner and Isiah Kiner-Falefa, retained center fielderKevin Kiermaier, and took a flier on Cuban righty Yariel Rodriguez, who spent three seasons in NPB. The Rangers may still re-sign Montgomery, but for now he counts only on the outbound side, and they also shed relievers Aroldis Chapman, Chris Stratton, and Will Smith, plus catcher/DH Mitch Garver. Their rotation is full of question marks as they bank on Jacob deGrom, Max Scherzer, and Mahle having strong returns from surgery. Veteran righty David Robertson should bolster the bullpen, and Garver’s departure is mitigated by the eventual arrival of top prospect Wyatt Langford.

Since the impact of the foreign free agents isn’t reflected in the table above, I took one more look at the landscape using projected WAR on the incoming side. Instead of taking it straight from our Free Agent Tracker — that uses Steamer, which is available in time for the opening bell of the offseason, but not ZiPS, which takes longer to prepare — I took the more labor-intensive route by swapping in our Depth Charts projections, which takes an average the two systems:

Net WAR Added and Lost
in Free Agency (Projection Version)
Team Out FA OutWAR In FA In WAR Proj Net WAR Proj
Royals 8 -0.1 10 9.6 9.7
Cardinals 5 -0.5 6 8.0 8.5
Reds 12 -1.0 10 6.6 7.6
Giants 11 3.5 7 (1) 10.1 6.6
Dodgers 16 9.0 12 (1) 15.2 6.2
Mets 12 0.7 16 6.4 5.7
Brewers 14 2.6 9 7.4 4.8
Diamondbacks 9 2.6 7 6.3 3.6
Guardians 8 -1.6 3 1.4 2.9
Pirates 3 1.9 7 4.4 2.5
A’s 5 -0.4 3 1.9 2.3
Nationals 6 -0.6 8 1.8 2.3
Astros 4 0.2 2 2.4 2.2
Marlins 11 -0.7 5 1.4 2.1
Yankees 11 0.4 4 2.2 1.9
Phillies 6 4.4 6 5.7 1.3
Tigers 7 3.5 6 4.6 1.1
Rays 6 1.5 5 (1) 1.2 -0.3
Cubs 10 6.7 8 (1) 6.2 -0.6
White Sox 11 2.6 16 (1) 2.0 -0.6
Mariners 6 2.4 3 1.7 -0.7
Braves 11 3.3 6 2.4 -0.8
Rockies 6 2.6 5 1.4 -1.2
Red Sox 7 4.0 6 1.2 -2.8
Angels 12 5.9 15 2.2 -3.6
Orioles 7 4.2 4 0.5 -3.7
Blue Jays 8 9.2 6 (1) 4.4 -4.8
Rangers 14 6.2 12 1.2 -5.0
Padres 20 10.8 4 (2) 1.8 -9.0
Twins 11 12.6 4 1.0 -11.6
Outgoing and incoming counts include players on minor league contracts. WAR figures cover only players who were in MLB in 2023; numbers in parentheses represent players signed from NPB and KBO

Despite accounting for Yamamoto, the Dodgers actually fall in the rankings due to known injuries (Ohtani won’t pitch in 2024, while Kershaw could be out until August) and regression (Brasier and Heyward, particularly), while the Giants surpass them with the addition of Lee. Also notable on the upper end are the Mets, mainly due to anticipated rebounds from Manaea, Bader, and Luis Severino. On the other side, the Orioles stand out more than in the previous table, mainly because the only free agent they signed to a major league deal, Craig Kimbrel, is projected to regress. Given that both Kyle Bradish and John Means have been sidelined with elbow injuries to start the season, it seems possible the O’s could add a low-cost starter who might boost their standing here a bit.

Thanks to our tools at FanGraphs, free agency is easy to track, even if I’ve made it more labor-intensive for this exercise. It’s hardly the only route by which teams improve, however. For example, the Orioles traded for Corbin Burnes, who may outproduce any of the starters who were signed. But in the big picture, the patterns I’ve illustrated offer us plenty of hints about what to expect from the upcoming season.


Return of the Max

Kim Klement Neitzel-USA TODAY Sports

The Miami Marlins made a surprising run to the postseason in 2023, but it’ll be hard to repeat. First of all, the Marlins punched above their weight last year, which is saying something, because an adult marlin can weigh the better part of a ton. Also, they don’t have arms, or hands, or fists, which makes punching anything above anything quite a challenge.

More to the point, Miami went 84-78, which is tied for the fourth-fewest wins ever for a playoff team in a 162-game season. The Marlins also had a Pythagorean record of just 75-87; they finished 20th in the league in wRC+ and 16th in ERA-. Getting back to the playoffs in 2024 is a realistic goal, but in order to achieve it the Marlins will probably have to be better this year than they were last.

Where will that improvement come from? Not external acquisitions, which have amounted mostly to trading for Jonah Bride and Nick Gordon, hoping to extract whatever juice is left in Trey Mancini’s bat, and signing Tim Anderson — a move that looks suspiciously like a repeat of the Jean Segura experiment from a year ago. Read the rest of this entry »


Lucas Giolito’s Injury Puts the Red Sox in a Bind

Kiyoshi Mio-USA TODAY Sports

Spring training is a reliably terrible time for injury news. After a whole winter of not playing (though still training, of course), ramping back up to game speed inevitably creates new injuries or aggravates old ones. This process is always worse for pitchers, because their job is inherently more injury prone. I’m not telling you anything you don’t already know in this introduction.

Here’s something you might not have known, and certainly didn’t know before this week: The Boston Red Sox look to be hit hardest by this yearly attrition. As Jeff Passan reported, Lucas Giolito is probably going to miss the entire season with an elbow injury. He has both a partially torn UCL and a flexor strain, a double whammy that almost always leads to surgery. That’s a tough injury for a team that absolutely couldn’t afford it.

Oh, sure, other teams have suffered unfortunate injuries to top starting pitchers. Justin Verlander will begin the season on the IL with shoulder soreness. Sonny Gray tweaked his hamstring and might miss Opening Day as a result. Kevin Gausman is dealing with shoulder fatigue and his timeline for returning is murky. The list goes on and on. But Giolito’s injury looks more severe and will likely require a much longer recovery time that the other ones will, and that puts Boston in a particular bind. Read the rest of this entry »


Job Posting: Oakland Athletics – Cape Cod Intern

Cape Cod Intern

Job Title: Cape Cod Intern
Department: Amateur Scouting
Reporting to: Assistant Director, Scouting & Baseball Operations
Job Classification: Part-time, nonexempt
Location (City, State): Cape Cod, Massachusetts

Description:
The Oakland Athletics are currently seeking a seasonal Cape Cod Intern for the Amateur Scouting department. This position will be responsible for the Oakland Athletics’ scouting coverage of the Cape Cod Baseball League during the summer of 2024.

Responsibilities:

  • Evaluate amateur baseball players and create scouting reports on their current skills and projection of potential future skills.
  • Produce, curate, and analyze video and other relevant data for targeted baseball prospects. 
  • Establish relationships with coaches within the Cape Cod Baseball League to acquire pertinent information regarding player health and scheduling.
  • Effectively communicate player updates to internal stakeholders. 
  • Develop and maintain a detailed schedule to ensure appropriate coverage of players and teams across the Cape Cod Baseball League.

Qualifications/Requirements:

  • High degree of baseball acumen and understanding of evaluating baseball skills. 
  • Excellent interpersonal skills and the ability to communicate effectively with a wide variety of audiences.
  • Strong organizational skills, time management, and attention to detail.
  • Experience working with video equipment. 
  • Flexibility to work extensive hours including nights, weekends, and holidays, as necessary to follow the Cape Cod Baseball League games. 
  • Must have access to reliable transportation and housing accommodations in the region. 

The Oakland A’s diversity statement:
Diversity Statement Diversity, Equity, and Inclusion are in our organizational DNA. Our commitment to these values is unwavering – on and off the field. Together, we continue to build an inclusive, innovative, and dynamic culture that encourages, supports, and celebrates belonging and amplifies diverse voices. Combining a collaborative and innovative work environment with talented and diverse team members, we’ve created a workforce in which every team member has the tools to reach their full potential.

Equal Opportunity Consideration:
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, age, disability, gender identity, marital or veteran status, or any other protected class.

The base hourly rate for this role is $15.50.

To Apply:
To apply, please follow this link.

The content in this posting was created and provided solely by the Oakland Athletics.


AJ Smith-Shawver Is Growing

Kim Klement Neitzel-USA TODAY Sports

AJ Smith-Shawver started on Monday, and it went rather well: 10 batters faced, 48 pitches, 32 strikes, 2 2/3 innings pitched, five strikeouts, one hit, one walk, no runs allowed. The Braves lost, but the damage came after Smith-Shawver left the game, and at any rate, spring training results have less of an impact on regular season success than what sign the GM was born under. Justin Toscano, the Atlanta Journal-Constitution’s beat writer, tweeted after the start that Smith-Shawver was “in a better place, physically and mentally, for whatever comes this season. You can see the improvement.”

That’s exciting news. The 21-year-old poked his head into the majors for the first time in mid-2023; he threw 25 1/3 regular-season innings with the big club, plus 2 2/3 more of mopup work in the NLDS. Still rookie-eligible, he made our Top 100 list as the top-rated prospect in Atlanta’s system.

But Plan A for the Braves doesn’t necessarily involve Smith-Shawver. Atlanta starts its rotation with Spencer Strider, one of the best pitchers in baseball. After that: Max Fried, Charlie Morton, Chris Sale, and Reynaldo López. Plus, they have quite a bit of prospect and Quad-A depth: Huascar Ynoa, Bryce Elder, Dylan Dodd. Ian Anderson (remember him?) is due back from Tommy John sometime later this year, and 2023 first-round pick Hurston Waldrep, with his unholy splitter, is being fast-tracked to the majors. Read the rest of this entry »


An Ace in the Making, Tarik Skubal Attacks With a Varied Arsenal

David Reginek-USA TODAY Sports

Tarik Skubal is slated to take the mound for the Detroit Tigers on Opening Day when the season begins three weeks from Thursday. Four years into his big league career, the 27-year-old southpaw is emerging as one of the top left-handed starters in baseball. After missing the first three months of last season recovering from flexor tendon surgery, he was one of the best pitchers in baseball upon making his season debut, on July 4. Skubal fashioned a 2.80 ERA, a 2.00 FIP, and a 32.9% strikeout rate — as well as a stingy 4.5% walk rate and a .199 BAA — in 15 starts comprising 80 1/3 innings. His 3.3 WAR from July through the end of the season led all pitchers in that span. And there is reason to believe that he is still getting better, as he adds fastball velocity — he’s hit 99 mph this spring, up from his average of 95.8 mph last season — and fine tunes his five-pitch arsenal.

Skubal sat down to talk pitching at the Tigers’ spring training facility in Lakeland, Florida last week.

———

David Laurila: Looking at your numbers, I saw that your ground ball rate (51.6% last year) keeps getting higher and higher, and your walk rate keeps getting lower and lower. How have you made those things happen?

Tarik Skubal: “I think it all kind of just stems from confidence and the complete arsenal. When you can throw five pitches over the plate, in the zone, and just go right after guys, you tend to get more uncomfortable at-bats. If you can throw different pitches in different counts, hitters have to be a little bit defensive and aren’t getting their A swings off as often. That’s kind of my approach, and I think it impacts the results I’m getting.”

Laurila: That makes sense, as you don’t throw a lot of sinkers… Read the rest of this entry »


Why Are This Year’s Worst Teams So Bad?

Isaiah J. Downing-USA TODAY Sports

I’ve had depth on my mind a lot recently. That’s because a lot of us here at FanGraphs have, and it’s turned into some pretty cool work that I previewed last week. That’s probably the last you’ll hear about that little project for a bit while we keep refining it and trying to figure out how to use the general concept in different ways. But there was one takeaway in the comments section that I found pretty amazing and I’m going to riff on it today because hey, it’s still early March and baseball news is in short supply.

Remove the top 10 players from 28 teams in baseball – all but the Rockies and Nationals – and look at every team’s winning percentage against neutral opposition. The Rockies are projected 29th out of 30 teams, ahead of only the White-Sox-Minus-10s. The Nationals, meanwhile, are 27th, ahead of just the Angels-Minus-10s and then those Rockies and the Pale-Hose-Minus-10s.

That just sounds wrong. Remove the Mets’ best 10 players, to pick a so-so divisional rival for one of our benighted franchises, and their best remaining player would be either Brett Baty or Luis Severino, both projected for 1.6 WAR. Again, that’s their best player in this hypothetical world. And we have them down as a .425 team. We think the Nats are at .408 at full strength! It’s truly hard to wrap your head around how that could be possible. Read the rest of this entry »


Big Wheel Keeps on Turning in Philadelphia

Mark J. Rebilas-USA TODAY Sports

It’s been a while since the Phillies have had to worry about the front of their starting rotation, which over the past four seasons has been anchored by co-aces Zack Wheeler and Aaron Nola, though last year it was uncertain how much longer that stability would continue: Nola became a free agent at the end of last season and Wheeler’s contract was set to expire after the 2024 campaign.

But Philadelphia acted swiftly to keep both pitchers around. After re-signing Nola before Thanksgiving, the Phillies announced on Monday that they had extended Wheeler through the 2027 season. The three-year deal is reportedly worth $126 million, and in terms of its $42 million average annual value, it is the largest extension in baseball history.

Wheeler, who turns 34 in May, has been one of the best starting pitchers in baseball since he joined the Phillies in December 2019 on a five-year, $118 million contract. Over the last four seasons, he leads the majors with 19.3 WAR. If RA9-WAR is more your style, Wheeler has the second highest mark in that span despite pitching in front of what often has been a lackluster Phillies defense behind him. He also ranks fourth among qualified starters in FIP (2.90) and innings (629.1), and 11th in ERA (3.09). Last year, he made 32 starts, allowing a 3.61 ERA and 3.15 FIP over 192 innings, enough for a spicy 5.9 WAR.

Top Starting Pitchers, 2020-2023
Name IP ERA FIP WAR RA9-WAR
Zack Wheeler 629.3 3.06 2.90 19.3 18.1
Corbin Burnes 622.3 2.86 2.84 17.9 18.8
Kevin Gausman 611.3 3.15 2.82 17.3 14.6
Aaron Nola 650.7 4.00 3.30 16.6 11.5
Gerrit Cole 664.0 3.08 3.27 15.1 17.3
Max Scherzer 544.7 2.94 3.32 13.8 16.6
Sandy Alcantara 661.0 3.13 3.46 13.8 16.6
Logan Webb 611.0 3.28 3.10 13.8 13.2
Luis Castillo 605.0 3.44 3.47 13.4 12.7
Shane Bieber 502.0 2.98 3.03 12.5 14.1
Framber Valdez 604.7 3.19 3.39 12.5 14.6
Dylan Cease 585.0 3.58 3.70 12.3 11.5
Yu Darvish 573.3 3.63 3.51 12.3 12.5
Max Fried 484.7 2.66 3.03 12.1 16.3
Zac Gallen 587.3 3.26 3.45 12.1 15.6
Sonny Gray 495.0 3.35 3.31 11.8 12.4
Brandon Woodruff 473.3 2.76 3.13 11.8 15.3
Pablo López 534.0 3.57 3.43 11.3 11.7
Jacob deGrom 254.7 2.12 1.77 11.2 10.0
Jordan Montgomery 568.3 3.61 3.64 11.1 11.2

It’s hard to overstate the Wheeler’s importance to the Phillies. When he arrived, Philadelphia was better than it had been during its first five years of rebuilding, when it posted a .427 winning percentage from 2013–17, but it was still barely a .500 club. The Phillies remained stuck in neutral for Wheeler’s first two years, but their rotation improved immediately; after ranking 23rd in the majors in starting pitching WAR in 2019, Philadelphia ranked third in ’20 and fourth in ’21, a year in which Wheeler finished second in the NL Cy Young voting.

The Phillies finally broke through in 2022 and made up for lost time. That year, they won the NL pennant and came within two games of winning the World Series, and they were one win away from making a second consecutive World Series appearance last year. Wheeler has been excellent in the playoffs, too: He has a 2.42 ERA and 2.72 FIP over 11 postseason games (10 starts).

Simply, between his regular season and postseason dominance, the Phillies could not afford to risk losing Wheeler in free agency, even if that meant giving him the most lucrative per-year extension ever.

That said, ZiPS expects Wheeler to decline over the next few years, though that is more based on the inherent health risks that come with a pitcher in his mid-30s, rather than his overall ability. The computer would want to pay him about $30 million per season, but this organization, with its talented but aging core, is firmly in win-now mode. The “Stupid Money” Phillies of all teams weren’t going to let a dollars per WAR figure prevent them from extending their best pitcher.

ZiPS Projection – Zack Wheeler
Year W L ERA G GS IP H ER HR BB SO ERA+ WAR
2024 11 7 3.61 29 29 172.0 155 69 16 48 172 121 4.5
2025 9 7 3.80 26 26 154.0 145 65 16 43 148 115 3.5
2026 8 7 4.06 24 24 144.0 143 65 16 43 133 107 2.9

Whether or not the Phillies win the World Series in the next several years, Wheeler and Nola will go down as one of the greatest pitching duos in team history, along with Curt Simmons and Robin Roberts, Steve Carlton and Larry Christenson, and Jim Bunning and Chris Short. Even if both head to different teams at the end of their new contracts, they still project to be in the top 10 of all-time Phillies pitchers.

ZiPS Projection – Phillies Starters
Pitcher Team WAR
Steve Carlton PHI 75.0
Robin Roberts PHI 62.6
Aaron Nola PHI 51.3
Grover Alexander PHI 50.8
Cole Hamels PHI 40.5
Curt Schilling PHI 38.6
Curt Simmons PHI 33.5
Jim Bunning PHI 31.2
Chris Short PHI 30.7
Zack Wheeler PHI 28.2
Eppa Rixey PHI 24.2
Larry Christenson PHI 22.2
Cliff Lee PHI 21.9
Tully Sparks PHI 20.6
Jimmy Ring PHI 20.4
Rick Wise PHI 19.4
Al Orth PHI 18.9
Charlie Ferguson PHI 18.4
Charlie Buffinton PHI 17.7
Jack Taylor PHI 16.9

At least to my eyes, there aren’t any red flags in Wheeler’s profile that the computer didn’t consider. His breakout seasons came with the Mets, but he didn’t become a true ace until he joined the Phillies. With New York, Wheeler relied on a sinker that threatened to take the hands off right-handed hitters, but he lacked the pinpoint command of the pitch that he has found in Philadelphia, where he has also added a sweeper that maddeningly looks a lot like that sinker as it approaches the plate — until it breaks in the opposite direction. With the Phillies, he has become much better at landing his curve just below the bottom of the strike zone, which has helped him against lefties. Wheeler still throws pretty hard, but he also is much more than just a grip-and-rip hurler. That should help him survive and continue to thrive when his velocity dips as he ages.

Just in case you’re not convinced at this point about the consequences of the Phils not having Wheeler, I ran a quick sim of the 2024 season using the ZiPS projections. ZiPS currently projects the Phillies to have a 56.2% chance of going to the playoffs and 14.4% odds to win the NL East. In the simulations that the Phillies fail to get 20 innings from him (about 6.2% of sims), resulting in a lot more innings from Spencer Turnbull and Mick Abel, the Phillies only made the playoffs 37.1% of the time, and their probability to win the division chopped nearly in half, to 7.6%.

With only Matt Strahm and Jeff Hoffman eligible for free agency after 2024, the front office can start addressing their next challenge, putting together enough young talent to transition the franchise to its next core of players without having to endure another interregnum of rebuilding. But, like the threat of a headache after a night of drinking, that’s a tomorrow problem. For today, keeping Wheeler in town keeps the party going.


Giants Deal Puts Matt Chapman in a Corner

Gary A. Vasquez-USA TODAY Sports

Less than a week after Cody Bellinger signed a three-year deal that allows him to opt out after each of the first two seasons, Matt Chapman has done the same. The 30-year-old third baseman, who spent the past two seasons with the Blue Jays, has agreed to a three-year, $54 million deal with the Giants, with a mutual option for a fourth year — a deal that looks significantly less favorable than that of Bellinger.

Chapman placed seventh on our Top 50 Free Agents list in November, and like Bellinger (who was third on the list) sought and seemed likely to land a larger contract, particularly given the track record of their mutual agent, Scott Boras. That said, Chapman hit free agency after an uneven season, with his overall numbers (.240/.330/.424 for a 110 wRC+ with 3.5 WAR) representing a slight falloff from his 2022 performance (.229/.330/.433, 118 wRC+, 4.2 WAR). A closer look shows that last year Chapman had just two productive months and four bad ones, as well as difficulties hitting with runners in scoring position.

I’ll explore those details below, but the overarching impression I get from this deal — far more so than from Bellinger’s contract, in fact — is that Chapman and Boras overestimated how robust the market for his services would be and had to settle for much less. According to TSN Sports’ Scott Mitchell, the third baseman declined a six-year, $120 million extension offer from the Blue Jays at some point within the past year. His new contract falls short of that average annual value, even though it is half the length.

As initially reported, Chapman is guaranteed $20 million for 2024, $18 million for ’25, and $16 million for ’26, but the breakdown is more complicated. He’ll receive a $2 million signing bonus and a $16 million salary for 2024, with a $17 million player option and $2 million buyout for ’25, an $18 million player option and $3 million buyout for ’26, and then a $20 million mutual option and $1 million buyout for ’27. So if this winds up being a one-year deal, he’ll make $20 million ($2 million signing bonus, plus $16 million salary, plus $2 million buyout); for the two-year deal, it’s $38 million (the initial bonus, salaries of $16 million and $17 million, and a $3 million buyout); and for the three-year deal, it’s $54 million (bonus, salaries of $16 million, $17 million, and $18 million, $1 million buyout). If the mutual option is picked up — which is certainly no guarantee, considering he’ll be entering his age-34 season — the total value of the four-year deal will be $73 million (that $54 million, minus the $1 million buyout, plus $20 million). Got all that?

Chapman’s $18 million AAV is 25% below Ben Clemens’ estimate from our Top 50 list. Ben figured that Chapman would get $24 million per year (five years, $120 million), while our median crowdsource estimate came in at a $20 million AAV (four years, $80 million). By comparison, Bellinger’s $26.7 million AAV actually topped the estimates of $25 million per year by Clemens and $24 million per year by our crowd. What’s more, where Bellinger’s deal appeared to be a slight overpay relative to Dan Szymborski’s ZiPS-projected contract of three years and $70 million, Chapman’s deal falls short of the three-year, $79 million contract projected by the ZiPS model:

ZiPS Projection – Matt Chapman
Year BA OBP SLG AB R H 2B 3B HR RBI BB SO SB OPS+ DR WAR
2024 .241 .333 .438 502 73 121 27 3 22 65 65 160 3 112 8 3.8
2025 .236 .329 .424 474 68 112 25 2 20 59 61 152 2 107 6 3.2
2026 .232 .324 .409 440 60 102 23 2 17 52 56 143 2 102 5 2.6

For both deals, Dan also provided contract valuations with the opt-outs priced in: three years and $58 million for Bellinger, and three years and $66 million for Chapman. The former exceeded the model’s estimate by about 38%, but the latter fell short by about 18%. That’s quite a haircut, particularly when one considers the questions of sustainability of Bellinger’s performance given his dreadful 2021–22 stretch and last year’s batted ball stats, which reflected a more contact-based two-strike approach. By comparison, for Chapman — who is more than two years older, which is already reflected in ZiPS — the concerns are more garden variety ones about season-to-season variance and aging.

Traditional numbers amplified the perception that Chapman’s decline from 2022 to ’23 was steeper than the advanced stats suggest; his 17 home runs and 54 RBIs last season were a considerable dip from his 27 home runs and 76 RBIs the year before. His career-low full-season RBIs total was in large part the product of a .215/.320/.299 (77 wRC+) performance with runners in scoring position. It was an anomalous showing — he produced a 122 wC+ in 170 PA with runners in scoring position in 2022, and owned a 128 wRC+ in that capacity for the first six years of his career — but it was poorly timed.

Situational hitting aside, Chapman’s monthly splits further shed light on why his season may have been viewed as worse than it actually was:

Matt Chapman 2023 Splits
Split PA HR AVG OBP SLG wRC+
Mar/Apr 114 5 .384 .465 .687 216
May 121 2 .202 .273 .312 63
June 101 3 .200 .277 .356 75
July 102 4 .247 .402 .506 154
August 82 1 .197 .256 .276 49
Sept/Oct 61 2 .167 .262 .370 75
Through August 12 485 15 .255 .346 .449 121
After August 12 96 2 .163 .250 .302 54

Chapman’s strong start was impossible to sustain — he had a 32.9% barrel rate over the first month of the season — but his production didn’t regress so much as it cratered. He posted a .205/.298/.361 (84 wRC+) line after April. The split on the bottom two lines illustrates Chapman’s numbers before and after spraining his right middle finger in a weight room mishap; he initially missed three games after suffering the injury, then went just 5-for-32 with a 40% strikeout rate in nine games before landing on the injured list. He missed 15 games and continued to be unproductive in the 15 games he played between his return and the end of the regular season, though he barreled the ball at a 16.2% clip, with a 51.4% hard-hit rate in that final stretch.

Chapman’s strikeout rate crept up one point from 2022, to 28.4%, but when he made contact, he absolutely pasted the ball. He produced average exit velocities of 92.5 mph or higher and hard-hit rates of at least 51.4% or higher in every month except August (90.0 mph and 42.6%, respectively), while his barrel rates were 10.5% or higher in every month except May (9.2%). His full-season 93.4 mph average exit velocity and 17.1% barrel rate both placed in the 98th percentile, while his 56.4% hard-hit rate trailed only that of Aaron Judge among all hitters. He was unlucky in the power department, in that he fell 3.7 home runs short of his expected total based upon the batted ball specs of his biggest flies, a gap that ranked eighth in the majors. He fell 33 points short of his .457 expected slugging percentage.

Chapman did play very good defense, with 12 DRS, 4.5 UZR, and 3 RAA. Those numbers all represented improvements on his 2022 metrics, even in about 130 fewer innings. That performance didn’t escape recognition, as he took home his fourth Gold Glove.

In all, it was a good-not-great season, one with an arc that didn’t particularly help Chapman’s cause. It was reported back in May that he and the team were both interested in an extension, though it’s not clear when the Blue Jays offered him the $120 million deal. Chapman turned down Toronto’s $20.325 million qualifying offer as well, but in mid-November, the team was still reportedly “making a big push” to keep him.

Yet the Blue Jays, who at one point thought they had landed Shohei Ohtani, and who were viewed as being the favorites to sign Bellinger, instead chose to make a series of smaller moves: They re-signed Kevin Kiermaier to a one-year deal in late December, signed Isiah Kiner-Falefa to a two-year deal soon afterward, and added Justin Turner on a one-year deal in late January. With Kiner-Falefa, Turner, Santiago Espinal, and Cavan Biggio all in the fold, the Blue Jays figured they had third base covered, even if that quartet doesn’t make up for the production that Chapman would have provided. Our Depth Charts projects the Blue Jays to finish with 2.1 WAR at third base; Chapman is projected for 3.3 WAR by Depth Charts. In addition to the roster crunch, Chapman’s salary, even at a discount, was more than what the team was comfortable paying after pivoting to those other players. The Blue Jays’ luxury tax payroll is estimated to be just under $12 million above the first Competitive Balance Tax threshold ($237 million), and they will be paying the tax for a second straight season.

With half a dozen teams — the Angels, Braves, Cardinals, Guardians, Padres, Red Sox — already committing at least $20 million to their third basemen on deals that extend through at least 2026, plus the Dodgers and Yankees prioritizing spending elsewhere and the Mets looking to cut expenses, Chapman only had a limited number of options for landing spots. The Mariners, Cubs, and Giants were the only teams other than the Blue Jays that were publicly connected to him.

This is the latest move for the Giants in a winter that also included a six-year, $113 million deal for center fielder Jung Hoo Lee , four years and $44 million for righty Jordan Hicks, three years and $42 million for DH/outfielder Jorge Soler, and two years and $8.25 million for catcher Tom Murphy. The signing of Chapman bumps J.D. Davis — his college teammate at Cal State Fullerton, incidentally — out of the lineup and provides San Francisco a solid upgrade, particularly in the field, where he’ll be playing behind a staff with three projected starters (Logan Webb, Alex Cobb, and Hicks) who last year had groundball rates above 57%.

Davis hit .248/.325/.413 (104 wRC+) while playing 116 games at third base (105 of them starts), 15 at first base, and 14 at DH. Long saddled with a reputation as a below-average defender, he put in considerable work to improve, and in a career-high 915.2 innings at the hot corner produced a mixed bag of metrics (-11 DRS , 0.8 UZR, 4 RAA). With lefty-hitting LaMonte Wade and righty Wilmer Flores the most likely combination at first base and Soler taking the bulk of the playing time at DH, Davis doesn’t have a clear path to playing time and could be a trade candidate. President of baseball operations Farhan Zaidi acknowledged the team’s surplus of infielders, telling reporters, “We’ll explore different things. It’s certainly possible that a move or two happens before the end of camp.’’

Perhaps more notably, Zaidi refused to rule out another free agent addition and indicated that the team could go over the $237 million CBT threshold. (RosterResource places their payroll at $230.5 million for tax purposes.) With the team already waiting for Cobb and Robbie Ray to return from surgeries at some point during the season, and having just lost Tristan Beck to aneurysm surgery, sources told the San Francisco Chronicle that the Giants remain in the mix for Blake Snell, another Boras client.

As for Chapman, here’s his ZiPS percentile breakdown:

ZiPS Projection Percentiles – Matt Chapman
Percentile 2B HR BA OBP SLG OPS+ WAR
95% 39 34 .295 .379 .553 151 6.4
90% 36 31 .280 .367 .532 143 6.0
80% 33 28 .269 .356 .493 132 5.2
70% 31 26 .258 .345 .474 123 4.6
60% 29 24 .249 .339 .455 117 4.2
50% 27 22 .241 .333 .438 112 3.8
40% 26 21 .235 .325 .422 105 3.3
30% 24 19 .226 .318 .405 99 2.9
20% 22 18 .216 .307 .387 93 2.5
10% 19 15 .203 .289 .361 81 1.6
5% 17 13 .188 .279 .335 72 1.0

It’s not hard to envision Chapman putting in a strong enough season to opt out, but it is worth remembering that Oracle Park particularly tends to suppress right-handed power, which is Chapman’s calling card on offense. All of which is to say that next winter, he could suffer from a similar perception problem if his counting stats don’t rebound, and so to these eyes, he’s carrying a greater share of the risk than he otherwise might have. However much this gets spun as a win-win deal like that of Bellinger, this looks like a case where Boras and his client came up short.


Sunday Notes: Daulton Varsho Goes Pull-Side, Thinks Low and Hard

Daulton Varsho’s last two seasons were directionally different than his first two seasons.The left-handed-hitting outfielder put up a pedestrian 37.8% pull rate in 2020-2021, and in 2022-2023 that number climbed to a lofty 52.6%. Apprised of the marked jump by colleague Davy Andrews prior to my recent visit to Toronto Blue Jays camp, I asked Varsho if it was spurred by a purposeful change of approach. He claimed that it wasn’t.

“I think it’s just how teams are pitching me,” said Varsho, whose pull rate in the two-year span was the highest among qualified hitters. “You don’t want to force the ball to any certain field — it has to sort of naturally happen — and I’ve been getting pounded in. You also have to figure out the changeup away and righties throwing sliders in. You don’t really want to force those to left-center or left field, because they end up being fly outs.”

Davy had also informed me that Varsho’s pull-side results have been far better than his opposite-field results, which came as anything but news to the 27-year-old Marshfield, Wisconsin native. My mentioning it elicited a matter-of-fact response.

“That’s where success happens,” said Varsho. “It’s where my swing is the most successful, and where I can do the most damage.”

It’s no secret that catching pitches out front and driving them in the air goes a long way toward producing power numbers, and not only has Varsho gone yard 47 times over the past two campaigns, just one of the blasts was to the opposite field. My asking if he’s made a concerted effort to lift the ball led to the following exchange: Read the rest of this entry »