Elias Díaz Settles in Colorado
Though this year’s market for catchers is pretty barren, so much so that Pedro Severino was a solid pickup for the Brewers, the 2023 free agent class is much more fertile. Several notable catchers will be available for teams to vie for, including Max Stassi, Willson Contreras, and Mike Zunino. Rather than wait the extra year, however, the Colorado Rockies seem content with their in-house options, last week handing veteran backstop Elias Díaz a three-year extension worth $14.5 million. The contract covers his remaining year of arbitration and two seasons of free agency.
In so doing, the Rockies have effectively announced their intent to stick with Díaz rather than search for a new everyday catcher; Dom Nuñez will likely occupy a backup role, while Drew Romo, the team’s No. 3 prospect according to our 2021 rankings, is still a couple of years away from his big-league arrival. All things considered, Díaz had himself a solid season. His 1.6 WAR ranked 15th among 30 catchers with at least 300 plate appearances, making him just about a smack-dab average backstop. Assuming Díaz can keep up this level of production, an AAV slightly under $5 million is a green light, more so because of the relative scarcity of reliable alternatives.
But of course, it’s more complicated than that. In 2019, his previous full season, Díaz was one of the worst catchers in the league, with a 61 wRC+ and a negative value in just about every defensive metric; he was non-tendered by the Pirates that offseason. His track record before that isn’t impressive, either – though Díaz accrued 1.8 WAR in 82 games in 2018, his ’17 campaign was disastrous, good (?) for -1.2 WAR. The Rockies are betting that this back-and-forth parkour will stop, and that the Díaz of the present will be who Díaz remains in the future. It’s a bit risky, though. Which version of Díaz is more likely to appear next season, and can we make an educated guess using the numbers? Read the rest of this entry »