Free Lucas Giolito. And Reynaldo López. And Matt Moore. And…

Hey there. Are you a major league general manager or president of baseball operations? Do you work in a front office role for a playoff-contending team? Do you wish you had another starter, a good closer, or maybe an outfielder? Well, I’ve got great news for you, my friend. Operators are waiting now for your call: the Los Angeles Angels just yelled “Everything must go!” and threw their roster on the waiver wire like a miffed fantasy owner.
More specifically, the Angels placed Lucas Giolito, Matt Moore, Reynaldo López, Dominic Leone, Hunter Renfroe, and Randal Grichuk on waivers. For the next 47 hours, any team in baseball can place a claim on any or all of their services. It’s an unprecedented maneuver that could inject talent into playoff races across the league, and in an unpredictable fashion. If you’re on the fringes, you’ll get the first bite at the apple, but there are so many players here that even some teams currently in playoff position might end up with someone. If you’re looking for more specifics on the waiver process, Jon Becker wrote a nice explainer here.
Let’s talk about the way this works for the Angels first. Coming into yesterday, we projected them for a competitive balance tax payroll of $234,398,925. The first CBT threshold for this year is $233 million. That means they need to save around $1.5 million to duck under that threshold. The players put on waivers are owed around $6.44 million over the remainder of the year, and a similar amount even when CBT tax calculations are applied. The total tax savings will be slightly less than that, because the Rockies are paying a portion of Grichuk’s salary, but assuming most of these players find takers, the Angels will end up below that threshold. Read the rest of this entry »






