The Colorado Rockies have been rumored for a month-plus to be on the verge of signing a free-agent closer who used to pitch for the Kansas City Royals. Today, they did just that — but it’s not the reliever you might have thought. Instead of re-signing Greg Holland, they opted to add Wade Davis to the fold. Jeff Passan reports:

On its own, there’s a lot to consider here — and that’s without even accounting for the terms of the deal and what those terms mean for the Rockies. Once again, Passan:

This can really only go one of two ways. The first possible outcome — and the one that’s more probable — is that it blows up in Colorado’s face, becoming a cautionary tale like the Mike Hampton–Denny Neagle signing spree of Dec. 2000. The second is that the Rockies are on to something here. Yes, they may have just assembled the most expensive bullpen in history — certainly it will be one of the most expensive — but they have the opportunity to ride with that for this year at least because of all the minimum-contract pitchers they have.

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The Diamondbacks want to build a stronger bullpen, but they say they don’t have much money to spend. As such, instead of talking to Wade Davis or Greg Holland, the club added Brad Boxberger. And now, the club has also added 33-year-old Japanese closer Yoshihisa Hirano, the terms set at two years and $6 million. That’s a little steeper than the two years and $4 million given by the Rangers to Chris Martin, who’s also coming over from Japan. Martin is younger and has been better more recently, but Hirano is more decorated.

Having spent his whole career with the Orix Buffaloes, Hirano has 156 saves to his name. He converted to relief full-time in 2010, and he became a closer full-time in 2013. It’s possible he could close for Arizona. It’s possible Boxberger could close. It’s possible Archie Bradley could close. Maybe all of them will close! I don’t know how it’ll work out, and the Diamondbacks themselves probably don’t know how it’ll work out, but Hirano will get important innings regardless. What does the righty have to offer? It just so happens he faced Nolan Arenado in the most recent WBC. Hirano threw three pitches and got a strikeout. The at-bat opened with a slider:

Then there was a splitter:

Then there was a fastball:

That’s Hirano. Get-me-over breaking ball, mid-80s splitter, low-90s fastball. The slider, he doesn’t throw very much. The splitter is his signature. Or, if you prefer, forkball. I’m not going to pretend to be able to tell them apart. Effectively, there’s no difference. Last year, in Japan, Hirano threw the highest rate of splitters out of all pitchers. We’re talking a little more than two-fifths of his pitches.

Hirano has dominance in his history. Even last year, he had a sub-3 ERA, which followed a year with a sub-2 ERA. But Hirano might’ve been at his best in 2013. You can’t look at his numbers without noticing the following:

Hirano’s strikeout rate has plummeted, which is never a good thing for a pitcher. It’s not what any front office would want to see. On the more encouraging side, though, Hirano hasn’t lost any zip. There exists pitch-tracking data in Japan for the past four years, and Hirano’s fastball and splitter have maintained basically the same velocities. He’s throwing the same pitches he used to. So he could get back to his old level of performance. And there exists a belief he could benefit from the American baseball.

Koji Uehara would be an easy comparison here, and his strikeout rate got better after coming to the States. Masahiro Tanaka and Hisashi Iwakuma also generated strikeout-rate upticks. And I might as well note that, while Seung Hwan Oh doesn’t lean on a splitter, he had a fantastic rookie season in the majors. His last year in Japan, Oh had a K-BB% of 17%. His first year in the majors, it was 27%. Now, Oh also had a much rougher sophomore campaign, but when he signed with the Cardinals, he, too, looked like he could be declining. Instead, he was initially terrific. The Diamondbacks are making a modest bet on Hirano’s stuff staying the same, and his splitter playing up.

Uehara has had an outstanding major-league career, throwing fastballs and splitters with a little less zip. He also, however, appears to command the ball better than Hirano does. Edward Mujica would be a lesser potential outcome. Even he had his uses. Hirano doesn’t seem to be at his peak, and the Diamondbacks won’t look for him to be their savior. But if Hirano likes the ball, there’s a chance he could be a major first-half surprise. The fastball/splitter combination has been proven to work, provided they’re thrown right. Hirano hasn’t lost his arm strength.

Position: Oakland Athletics Junior Software Developer

Location: Oakland
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Position: Miami Marlins Baseball Operations Analyst

Location: Miami
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The Nationals just used Adam Lind as a bat-first, left-handed first baseman and bench bat. Lind turned in a 127 wRC+ against righties. His career wRC+, overall, is 111. Against righties, it’s 126, and against lefties, it’s 56. The Nationals turned down Lind’s $5-million option for 2018, making him a free agent. There was a $0.5-million buyout, meaning it was basically a $4.5-million decision.

The Nationals have now signed Matt Adams as a bat-first, left-handed first baseman and bench bat. It’s a $4-million deal, with an additional $0.5 million in incentives. In other words, it could be a $4.5-million decision. Adams just turned in a 126 wRC+ against righties. His career wRC+, overall, is 111. Against righties, it’s 123, and against lefties, it’s 58. Matt Adams is…this is the same profile. Basically the same profile for basically the same money. The Nationals dropped Adam Lind to pick up another Adam Lind. The one upside about Adams is that he’s five years Lind’s junior. I assume that’s what made the difference, even though Lind was already the familiar one. Smart business. Tough business.

There’s not much that needs to be said about a part-time player. It’s certainly funny that Adams has the same career wRC+ as Eric Hosmer, given their divergent contract expectations, but Hosmer has been better lately, and Adams needs to be strictly platooned. Hosmer, as you could imagine, projects to be better moving forward. Still, I want to highlight one aspect of the comparison. Hosmer and Adams are both first basemen. How about their defense?

Hosmer has a very good defensive reputation. He’s won four Gold Gloves, and he has a 57 overall rating in the historical Fan Scouting Reports. Since 2011, 39 different players have played at least 2,500 innings at first base. Hosmer’s rating is tied for fifth-best, with Anthony Rizzo and Mark Teixeira.

Adams does not have a very good defensive reputation. He was briefly tried in the outfield, but the less said about that, the better. He’s never won a Gold Glove, and he has a 37 overall rating in the historical Fan Scouting Reports. That rating is tied for 27th-best, or 12th-worst. The fans think that Adams has been below average. He definitely lacks Hosmer’s general athleticism.

And yet! If you sort by DRS over a common denominator, Adams ranks eighth, and Hosmer ranks 30th. If you sort by UZR over a common denominator, Adams ranks 10th, and Hosmer ranks 33rd. If you blend the two, then Adams ranks 10th, and Hosmer ranks 32nd. According to the advanced defensive numbers, there’s a significant difference between Matt Adams and Eric Hosmer, in Adams’ favor. He rates as the better defensive first baseman. Against what I assume would be all odds.

I’m not saying that anything is gospel. There are legitimate complaints about the advanced defensive metrics these days, in particular among infielders. We can’t just outright dismiss the eye test, and we can’t dismiss that the baseball industry holds Hosmer’s first-base defense in such high regard. But still, after all this time, there’s an explanation that’s missing. The best numbers we have say that Adams is considerably better than Hosmer is. The numbers are far from perfect, yet they also can’t be trashed. Perception is a hell of a thing.

Anyway, Adams will be a backup, behind Ryan Zimmerman. He will probably be fine.

The Giants have acquired Evan Longoria from the Rays in exchange for major leaguer Denard Span, plus prospects Christian Arroyo, Matt Krook, and Stephen Woods.

Below are the KATOH projections for the prospects received by Tampa Bay. WAR figures account for each player’s first six major-league seasons. KATOH denotes the stats-only version of the projection system, while KATOH+ denotes the methodology that includes a player’s prospect rankings. In total, my KATOH system projects these prospects for a combined 2.4 WAR (2.2 by KATOH+) over their first six years in the majors.

*****

Christian Arroyo, IF (Profile)
KATOH: 1.5 WAR
KATOH+: 1.8 WAR

Arroyo missed a large chunk of 2017 due to multiple hand injuries and hit just .192/.244/.304 in 34 games with the Giants. Even without accounting for his small-sample big-league struggles, though, Arroyo’s track record doesn’t portend particularly great things. He hit a punchless .274/.316/.373 at Double-A in 2016 and his small-sample success at Triple-A last year was largely aided by his .427 BABIP. Arroyo’s youth and contact skills make him interesting, but he has very little power or speed and has already more or less moved off of shortstop.

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Position: Kansas City Royals Baseball Operations Senior Analyst, Quantitative Analysis

Location: Kansas City
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The Giants had a hole at third base. The Rays are cutting payroll and looking to the future, again. So today, they struck a deal.

Source: Giants get Evan Longoria for Christian Arroyo, Denard Span, Matt Krook and Stephen Woods.

— Jeff Passan (@JeffPassan) December 20, 2017

Longoria has $86 million left over the remaining five years of his contract, so Span’s inclusion is a salary offset in order to help the team stay under the CBT threshold. The Rays are also sending an undisclosed amount of cash in the deal, so we’re exactly sure how much of that $86 million the Giants are picking up.

Longoria is still a nice player, projected for +3 WAR in 2018, but I do wonder if the Giants should have just signed Todd Frazier instead. For comparison, here are their numbers over the last three years.

Both the crowd and I thought Frazier would sign for 3/$42M, or roughly half of what Longoria is still owed. Signing Frazier wouldn’t have cleared Span’s money off the books, of course, but they probably could have gotten a comparable player for a less significant financial commitment without surrendering with any real talent.

Of course, neither of the pitchers in this deal look like much, and Christian Arroyo has always struck me as wildly overrated, so I don’t think the Giants gave up tons of long-term value here. But given that they aren’t that close to contention, I’m not sure Longoria moves the needle enough to justify taking on this kind of money. Even with Longoria, the Giants still aren’t very good, and now they have even less money to spend to fix their dreadful outfield.

How do you respond when your fiercest rival picks up Giancarlo Stanton? Well, I don’t care how you respond. Here’s how the Red Sox have responded.

Red Sox re-signed Mitch Moreland to a two-year deal.

— Evan Drellich (@EvanDrellich) December 18, 2017

Mitch Moreland, two years, $13 million. If he hits all his incentives, it’ll be $14 million instead. This isn’t something that would take the Red Sox out of the running for every free agent, but this does seem to take the Sox out of the running for Eric Hosmer. We’ll get to that.

I think there are two ways to look at this. If you want to be optimistic, you might note that Moreland injured a toe in the middle of June, and then that toe injury seems to have cascaded into a knee injury. Moreland’s 2017 splits are of some significance:

Before the injuries, Moreland was really quite good! The Red Sox might figure that Moreland is healthy again, so they might figure they’ll get more of that early-season edition moving forward. At 32, Moreland isn’t young, but he’s not so old you’d expect him to fall flat on his face. There’s still some power in there, he improved his walk rate, and he’s long been a good defender at first base. It’s possible to look at this and conclude the Red Sox have a potential bargain on their hands.

Yet Moreland is coming off a 0.9 WAR season. This is where you go if you want to be pessimistic. Moreland has been in the majors for eight seasons, and only once has he been worth at least one win above replacement. His career WAR is 5.1, over 3,338 plate appearances. That’s 0.9 WAR per 600. Based on the Steamer projections, on a per-600-PA basis, Moreland ranks as the 42nd-best first baseman. There are 30 major-league baseball teams. You can see the upside in how Moreland got started this past year, but he doesn’t have a very encouraging record. This would appear to be an investment in veteran mediocrity.

The Red Sox could still conceivably try to go after J.D. Martinez. They’d have to move an outfielder, or move on from Hanley Ramirez. Neither is too high a hurdle. But the Hosmer angle is also important, because it doesn’t seem like Hosmer has a very large market at all. Maybe I’m just misreading things, or maybe it’s a consequence of Scott Boras’ sky-high price tag. In theory, if it came down, more teams could get involved. But by far the hottest suitor has been San Diego, and the competition they face might be…limited…to…Kansas City. Boston had been included in there, as a big-budget team with a positional need, but now they’re out. At this point I’d be pretty surprised if Hosmer didn’t end up with the Padres. That’s a weird sentence.

Anyhow, Hosmer is for another day. This day is for the Red Sox re-signing Mitch Moreland. It’s not a move that doesn’t have upside. That’s about as much as I think I can sell it.

Hello there. If you’ve been reading the site for a while, you might remember me. Back in 2014 and 2015, I did prospect stuff here. Then, at the end of 2015, I had to say farewell, having been hired to work in the Atlanta Braves front office. After spending a couple of years back inside baseball, both in the office and as a cross-checker, I’m pleased to announce that I’m rejoining the FanGraphs staff, effective today.

It’s a long story how this all worked out, but suffice to say that this was the right time for this move and I’m very happy how everything turned out. I enjoyed my time with the Braves, but am excited to be able to contribute here and be part of this community again.

However, I won’t be coming back to be the Lead Prospect Analyst as I was before.

Eric Longenhagen has capably taken that job and made it his own. Eric deserves all kinds of credit for his work, and I’m thrilled that I’ll get to work with him here. I will definitely be contributing prospect content in collaboration with Eric — and yes, I’ll be helping with the organizational prospect lists — along with some other ambitious plans that are coming together, including a project I teased over two years ago. I may also show up in pieces that aren’t specifically prospect related, but are interesting player evaluation (or valuation) situations.

You’ll be hearing a lot from me in the coming weeks as I jump back into the writing world. I’m excited to be here again, and look forward to talking baseball with all of you.

Lastly, I wanted to express some gratitude. Thanks to David Appelman and Dave Cameron for taking another chance on me here at FanGraphs, and thanks to the Braves for giving me a memorable couple years with their organization.