The Braves, Angels, and White Sox Play Contract Musical Chairs

David Fletcher
Gary A. Vasquez-USA TODAY Sports

Baseball trades are at their most interesting when they involve players with notable skill sets and teams with widely varying needs. Here, take my Luis Arraez, and I’ll take your Pablo López in return. Your Zac Gallen for my Jazz Chisholm. I suppose the Marlins are, in this way at least, my platonic ideal of a baseball team. But not all trades are like that. Some trades barely care about the skillsets of the players involved and instead depend to an annoying amount on their contracts. Take this one, a trade from last week’s Winter Meetings:

Mariners Get:

Braves Get:

Or this one, which Alex Eisert already wrote about:

Pirates Get:

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  • Marco Gonzales
  • Cash

Braves Get:

  • Player to be Named Later

Or this one:

Angels Get:

  • Evan White

Braves Get:

Or this one:

White Sox Get:

  • Max Stassi
  • Cash

Braves Get:

  • Player to be Named Later

They all boil down to this essential form:

Mariners Get:

  • Salary Relief for Previous Spending Decisions

Braves Get:

  • A contract they could live without
  • Jarred Kelenic

Seemingly Every Other Team in Baseball Gets:

  • A little taste of the pie

Wow, is this boring. I won’t try to trick you into thinking otherwise. When Evan White changes hands twice in one week, you know something is up: the only notable thing about his professional career (he crushed in college, shout out to Michael Baumann) is how rarely he’s played. He signed one of those “boy, the team couldn’t possibly lose this” extensions before the 2020 season: six years and $24 million, pocket change for modern major league clubs. Then he struck out 40% of the time in a 2020 big league stint, then missed most of 2021, then missed most of 2022, then missed most of 2023… you can see the trajectory, and it’s not great.

The good news for White is that the money is his to keep. I’m sure he’d love to be a ten-time All Star, consensus first ballot Hall of Famer and all the rest, but the reason to sign one of those early-career (pre-majors, in his case) extensions is that regardless of what happens, you’re getting checks that will cover the rest of your life’s expenses.

Which team is paying you, on the other hand, can change. And so the Mariners decided they disliked paying White more than they liked having Kelenic on their team and traded White’s contract (and Gonzales’, too — a less extreme variation of the same idea) to Atlanta largely for the privilege of not paying out these contractual obligations.

That was good business for the Braves, who needed a left fielder. But they didn’t have a spot for White or Gonzales, so the trade machine got in motion. First, they traded Gonzales and a pile of cash to the Pirates for a player to be named later. In other words, they ate most of Gonzales’ contract and then swapped him plus a sliver of salary to a team where he would be a solid major league contributor, rather than a guy chilling in Triple-A or at the end of the bench collecting a check.

Oh, you feel nonplussed by that one? You’ll absolutely adore the next one then. They shipped out White, or rather White’s contract, to the Angels in exchange for Stassi and Fletcher. They, too, are less-extreme versions of the White archetype: baseball players who ended up just short of the preposterously high level required of major league regulars, but who get paid in the mid-single-digit millions each year because their teams signed them to risk-reducing contracts early in their big league careers.

Fletcher signed a five-year, $26 million deal before the 2021 season. He was coming off of three straight years of throwback excellence: sterling middle infield defense, a 10% strikeout rate, and enough success when he did put the ball in play that he put up a 98 wRC+ despite only 10 homers in 1,190 plate appearances. The Angels locked him up because he was playing like an average regular with upside for more, and $5 million a year is a great deal for that. Instead, his BABIP ticked down, his offensive production suffered, and he dealt with intermittent injuries. Suddenly, he wasn’t one of their best 26 players, but hey, the contract was already written.

The same broad beats happened to Stassi, though the specifics were different. He signed a three-year deal worth roughly $5 million per year before the 2022 season, then lost his place with the team thanks to underperformance, injury, Logan O’Hoppe’s post-trade emergence, and a traumatic personal experience that ate up the back half of 2023 (his son spent an unfathomable seven months in the NICU).

These are extremely different players, to be clear. White is a defense-first player at an offense-first position who has never succeeded in the majors. Fletcher is a slap-hitting defensive whiz who might not have enough bat to make everything work. Stassi is a part-time catcher who missed time thanks to a personal tragedy. But from the cold, calculating eyes of teams who have to work within a budget imposed by their owners and by competitive balance tax constraints, all three players (plus Gonzales) are most notable for their salaries.

Thus, they were swapped. The Angels achieved some minor payroll savings by exchanging Fletcher and Stassi for White, who is due $17 million over the remainder of his contract: two years plus a team buyout for an option that certainly doesn’t make sense. Fletcher is due $14 million, and Stassi has $7.5 million ($7 million plus a $500k buyout on a $7.5 million team option) left on his deal.

For the penny-pinching Angels, $4.5 million in savings is nothing to sneeze at, given that they seem to have written off the two players they’re interested in moving; they placed Stassi on the restricted list in their attempt to get under the CBT threshold last year and put Fletcher on waivers when moving him to the minors. For the Braves, whose minor league depth has been taxed in recent years due to trades and the fact that all their minor leaguers keep turning into major league stars (the horror!), Fletcher might actually be pretty useful in the same role Nicky Lopez played last year.

Stassi, on the other hand, was superfluous. Not to worry, though: the Braves didn’t acquire Stassi for his on-field skills, and they certainly didn’t feel attached to him. They might have looked at him as payroll ballast, but there are plenty of major league teams who have more need for a catcher who might be able to hit a little bit (Sean Murphy and Travis d’Arnaud have that position locked down for Atlanta). So the Braves paid down most of his salary and sent him to the White Sox for a player to be named later.

For all that boring old money math, though, these trades are a pretty good deal for the players involved, and the teams, too. Stassi will probably get a fat chunk of playing time next year; he’s probably the best catcher in the White Sox organization but would have been either a backup or off the field completely in his previous two stops. Fletcher is now a utility infielder on one of the very best teams in baseball. Gonzales went from an odd man out in Seattle to a part of the rotation in Pittsburgh. White — well, okay, he has enough money to be set for life, but his playing time is still in limbo.

Without knowing either the player or the money involved in the Stassi trade, it’s hard to feel strongly about which side “won” the deal. But really, the Braves are just reconfiguring the swap they already made with Seattle. Instead of sunk-cost contracts for Gonzales and White, they now have a sunk-cost contract for Fletcher, who will provide them useful backup innings, and some money heading out to the Pirates and White Sox. Given that the point of that first trade was getting Kelenic, turning the guys Seattle was willing to pay to get rid of into a useful contributor is a neat little trick.

For what it’s worth, my guess is that the player to be named later in the Stassi deal isn’t set. If he turns into a regular for the White Sox, I imagine they’ll give up a slightly better player than if he languishes on the bench and loses his spot. But let’s not lose sight of the central weirdness of the situation: The Braves had White, Gonzales, and Stassi under contract for a little bit as part of some fancy maneuvers that got them Kelenic and Fletcher. What a strange set of trades, even if several interested parties end up fairly happy with them.





Ben is a writer at FanGraphs. He can be found on Bluesky @benclemens.

43 Comments
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RCMember since 2016
2 years ago

“Wow, is this boring. I won’t try to trick you into thinking otherwise.”

Know your audience…..this is the good stuff right here.

jimmy gMember since 2021
2 years ago
Reply to  RC

RC is right, this is quality.

The Braves got their man in Kelenic and they filled a need in Fletcher. A PTBNL seems to be a light return for Stassi but we’ll see. Also unknown is how much money was involved but it clearly didn’t break any budgets. I wonder what a group of experienced baseball men who were privy to all the details would grade the Braves’ efforts this fall. I’d expect a solid B at worst, probably a B+ or A.

TKDCMember since 2016
2 years ago
Reply to  jimmy g

They really didn’t even pay that much for Kelenic in the first place, and then presumably reduced that cost in subsequent moves that netted them another needed player.

And I know AA apparently at least says they don’t think about the luxury tax, but if they got out of any payments for the players that filtered through after 2024, then they will be in much better shape CBT-wise* with Kelenic as an arb-1 player than with any outfielder they may have signed.

Morton and Ozuna (if his option is declined) come off the books, and some of the early deals that hurt the team for CBT purposes early in the deals will be helping later on.

hughduffy
2 years ago
Reply to  TKDC

Using RosterResource, if the Braves were over the CBT threshold in 2023 (and it looks like they were), they’ll face a 30% tax on CBT payroll over $237M (probably around $2M right now).

If the Braves stay under $257M somehow, the CBT hit is max $6M. If they’re between $257M and $277M, the CBT hit is between $8.4M and $16.8M, the more likely scenario.

They can dip back below the CBT threshold in 2025, since the threshold is $241M. Even if they exercised every existing team option, the luxury tax payroll would only be around $204M, plus some for the two arbitration eligible players.

acgonzales7
2 years ago
Reply to  jimmy g

I’ve seen 5m and 6.25m reported for Stassi on two different sites. That’s in addition to the 9.5m they covered for Gonzales so they must really believe in Kelenic.

lacslyer
2 years ago
Reply to  acgonzales7

Something to keep in mind with Kelenic is he’s under team control for 5 full years. So the money they spent up front to acquire him is worth it even if he’s simply average at his position as the overall cost is less than an average LF’er.

TKDCMember since 2016
2 years ago
Reply to  acgonzales7

That 9.5m for Gonzalez includes the 4.5m the M’s sent, right? So they only sent $5m.

Is paying $11.25m (and a middling prospect) for Kelenic really a huge commitment (I guess you could add some portion of Fletcher’s contract to this “cost” as well)? They get five years of below-market team control of a decent major leaguer.

I have a hard time seeing this as a miss for the Braves so long as Kelenic is even a serviceable player.

acgonzales7
2 years ago
Reply to  TKDC

I guess I keep forgetting about the 4.5m bc it was briefly assigned to White when Gonzales was traded. Once White was traded, the money could no longer be applied to either since they were off the team and it’s due Aug 1. So the 4.5m reduces their cash payroll but not their CBT payroll.
I’m sure the Braves are still counting it toward Gonzales so it makes more sense that way.

acgonzales7
2 years ago
Reply to  acgonzales7

Looks like Braves paid 5m of Stassi’s contract BTW

SculpinMember since 2025
2 years ago

Ben,
Tyler Thomas is on the phone, he would like to have a word with you.

dannyrockMember since 2017
2 years ago

This is a teeny bit harsh on Evan White, who won a Gold Glove in 2020. That may not meet your definition of a “notable thing about his professional career” or someone who has “succeeded in the majors” but they can’t take that away from him and at least that much respect should be put on his name.

a5ehrenMember since 2020
2 years ago
Reply to  dannyrock

Ehhhh the 2020 season is pretty safely an outlier in a lot of ways at this point.

bighurt35
2 years ago

Stassi will probably get a fat chunk of playing time next year; he’s probably the best catcher in the White Sox organization”

Based on proximity or overall talent? If it’s talent, I must hold 50 FV prospects in too high regard. My understanding was that someone was just holding a seat until Korey Lee was ready to be be promoted later this summer, but this would seem to suggest otherwise.

TKDCMember since 2016
2 years ago
Reply to  bighurt35

The median outcome of a 50FV player is “average,” so there is a 50% chance he’s less than that, and even that is referring to his best years, which 2024 is unlikely to be part of.

Without digging deeper, I would pick Stassi over any 50FV prospect if we are talking about just right now.

fjtorres
2 years ago
Reply to  TKDC

With Stassi’s backstory, anything is possible. He could be a bat first average catcher or a defense first 3 WAR catcher. He’s been both in recent years.
Word is Chicago is getting him for $700K.
The PTBNL might be somebody useful.

acgonzales7
2 years ago
Reply to  fjtorres

it appears to be 2.5m owed by Chicago instead of league minimum

Last edited 2 years ago by acgonzales7
fjtorres
2 years ago
Reply to  acgonzales7

Still less than what Hedges is getting.

dl80Member since 2026
2 years ago
Reply to  bighurt35

Lee has shown no ability to hit and his framing hasn’t been good so far, either. He’s likely to max out as a backup, and even that might be a stretch.

cthompson
2 years ago
Reply to  dl80

he’s had less than 100 mlb plate appearances, we’re a few years out from being able to make that call. he’ll get ~40% of the innings next year with the chisox as they’re currently constructed with the ability to snag more of them if he shows something. 50 FV prospects don’t grow on trees, especially at catcher.

Mitchell MooreMember since 2020
2 years ago

Clemens, you’re good, but, even so, you do not have enough snark in your pen to do justice to this Mariner salary dump.

sadtromboneMember since 2020
2 years ago

Am I the only person who thinks that this could be savvy get for the White Sox? Stassi has been hurt a bunch but he was good in 2021 and he was a lot like Austin Hedges in 2022 (who just signed a guaranteed free agent contract, somehow)

Mahoney
2 years ago
Reply to  sadtrombone

Nope, I thought the same thing. A bit like Lopez, he’s a more than rosterable guy who had some success as an everyday player in the not so distant past. Which is most useful type of major leaguer for a team like the 2024 White Sox.

fjtorres
2 years ago
Reply to  Mahoney

Exactly. Useful as himself, tradeable at the deadline if the price is right.

fjtorres
2 years ago
Reply to  sadtrombone

Hedges to Cleveland is a story all itself.

acgonzales7
2 years ago

The PTBNL for Stassi being based on playing time makes sense. My only question is the ~3m they saved for Gonzales. Is he so bad that he’s worth paying 9.5m to pitch for the Pirates just for some random player who’s yet TBD? I know every dollar helps when you’re paying the CBT penalties so I guess but it still seems odd.

sadtromboneMember since 2020
2 years ago
Reply to  acgonzales7

Is he so bad that he’s worth paying 9.5m to pitch for the Pirates just for some random player who’s yet TBD? 

Yes.

SculpinMember since 2025
2 years ago
Reply to  sadtrombone

If this is a prediction, I’ll take the over. From 2018-2020 – equivalent to 2 1/2 full seasons – Gonzales earned 9 WAR. In 2018 he finished with a 3.59 xFIP. If he’s healthy, he’s not nothing.

If he pitches 150 innings and gets to 2 WAR he will be a steal for the Pirates.

And none of that even takes into account the intangible benefits of not needing to cover those innings with young arms.

Here is an interesting question: will the starter(s) who occupies the No. 5 hole for the Braves produce more WAR in 2024 than Gonzales? I certainly would not bet on it, although the Braves did.

acgonzales7
2 years ago
Reply to  Sculpin

that’s how I’m looking at it too. They need to add a starter (hopefully they’ll aim higher than this), so acquiring him as a 5SP made some sense. They still have 4.5m coming from Seattle so it’s closer to 5m they paid for Gonzales to pitch for Pittsburgh, which makes more sense.

formerly matt wMember since 2025
2 years ago
Reply to  Sculpin

If he pitches 150 IP he will be a bargain for the Pirates, period. The Pirates’ current rotation depth chart is Mitch Keller, Gonzales, Onsom Sweemey, Mike Truk, Jeromy Gride, and Anatoli Smorin.

airforce21oneMember since 2026
2 years ago

Onsom Sweemey, Mike Truk, Jeromy Gride, and Anatoli Smorin

You could 100% convince me that these are all fictional players based on the names alone

formerly matt wMember since 2025
2 years ago
Reply to  airforce21one

They are fictional players. These are some of the guys from the Fighting Baseball rosters that gave you Bobson Dugnutt and Sleve McDichael. I figured Dugnutt and McDichael were too well known to stand in for the rest of the Pirates’ current starters.

(The actual depth chart is Luis Ortiz, Quinn Priester, Jared Jones, Bailey Falter, with Roansy Contreras down there somewhere. Ortiz and Contreras pitched their way out of the rotation last year, Priester did not do well, Jones is a prospect who I doubt is ready, and Falter is Mr. Fungible. They might get JT Brubaker and maybe Michael Burrows coming back from injury midseason, and Skenes could be up midseason too, but it’s looking like Keller and Gonzales and pray the earth swalles you.)

hughduffy
2 years ago
Reply to  Sculpin

I’d bet that the #5 starter for the Braves will produce more WAR in 2024 than Gonzales. Let’s assume that the range of outcomes will be within his fWAR ranges for the previous 6 years, so 0.0-3.6 WAR.

Starters #1-4 will be some combination of Max Fried, Charlie Morton, Spencer Strider, and Bryce Elder, Steamer projects them to be worth 3.5, 2.2, 4.9, and 1.3 fWAR respectively.

Who are the options for the Braves #5 starter in 2024? Their #5 in terms of games started was Jared Shuster, but he’s with the White Sox now as part of the Bummer trade.

The Braves #5 starter in 2024 by fWAR was Allan Winans, who produced 0.5 fWAR in 32.1 IP.

Reynaldo López will get a shot at the rotation in 2024. When he started in 2018 and 2019, he had 2.3 and 2.4 fWAR respectively. If the Braves got that from him in 2024, I think they’d be happy. If he doesn’t make the rotation, they’ll use him as a reliever.
Ian Anderson may come back from TJ surgery in mid-2024. I hope he comes back healthy and able to pitch. Huascar Ynoa will also be coming back from TJ surgery, and he’ll be ready to start Spring Training. Ynoa produced 1.4 fWAR in 91.0 IP in 2022, so if he’s able to return to form, he has high upside.

There are also prospects who had their first starts in MLB last year, like Dylan Dodd, AJ Smith-Shawver, and Darius Vines. Of the three, only Vines had positive fWAR in 2023.

Then there is Hurston Waldrep, their #1 draft pick in 2023, who made it to AAA by the end of the year. If he’s ready, he’ll get a shot at the #5 spot.

By my count, the Braves have 8 candidates for that #5 spot, and 7 have options.

If Gonzales bounces back to his 2018-2019 form, he’d be worth the money the Braves are paying him. That said, they have higher upside options, all with options. And they might use most of them.

The Braves don’t want pitching – they have pitching.
The Braves want another ace. Gonzales wasn’t that. So they traded him away.

BobMember since 2016
2 years ago

As a long time Braves fan, I’m thrilled with these deals. I wanted the Braves to pick Kelenic in the 2018 draft because of their lack of good outfield prospects (Harris was drafted in 2019). But the Mets picked him two spots earlier. And with the Braves now being set at all other hitting positions with good players on reasonable contracts, LF was the only hole. Kelenic was worth 2 bWAR, 1.3 fWAR last year despite missing 1/3 of the season and despite being a young, still developing player. So, he has so much potential to become a solid major leaguer. And all the Braves had to give up was one prospect and some cash. Giving up cash is comparatively easy with their attendance over 3 M and the development around their park bringing in more $$. But their farm system is still weak (especially weak on position players). So, I find it brilliant that the Braves used cash rather than prospects to make all these deals happen.

Antonio BananasMember since 2026
2 years ago
Reply to  Bob

At what point do they realistically need to be concerned with not having position player prospect depth?

Acuna, Albies, Riley, Olson, Murphy, Acuna, and Harris are locked down for several years. You can potentially count Kelenic and Grissom too since they’re under control for 4+ years.

BobMember since 2016
2 years ago

I agree. That’s why I am so happy the Braves found a way to acquire a potentially good, young LF. But it does leave them susceptible if a significant injury occurs. So, I expect to make more moves to strengthen their bench, especially in the outfield.

Brian ReinhartMember since 2016
2 years ago

All this fallout seems to underline Trader Jerry’s initial failure, right? Like, if Atlanta was able to find happy homes for all these salary dump guys in exchange for PTBNLs and other salary dump guys that they can actually use…surely Seattle could have done that? Wouldn’t it have been simpler if Seattle turned their salary dumps into useful roleplayers without dumping Kelenic?

hughduffy
2 years ago
Reply to  Brian Reinhart

Seattle would have had to eat a lot more salary without Kelenic in the deal. I guess they decided they’d rather some other team eat the money, and Atlanta was willing to do so.

Antonio BananasMember since 2026
2 years ago

I’m convinced we’re all living in an Alex Anthopoulos OOTP save.

Brian ReinhartMember since 2016
2 years ago

(checks Atlanta’s playoff results this year)

Yup. Makes perfect sense.

Lil NubberMember since 2026
2 years ago

That White extension was weird from the start. If all you knew about him was he’s a RHH 1B who had a 127 wRC+ at high A at age 22 and 132 wRC+ at AA at age 23 you probably don’t even project him as a regular, let alone someone you give $24M to.

Rich31210Member since 2024
2 years ago

Good stuff what is the financial payout for the Braves in the end for Fletcher and Kelenic?

TKDCMember since 2016
2 years ago
Reply to  Rich31210

The net cash cost is either $11.01m or $9.75m depending on which report of Stassi money is correct, but they also owe Fletcher $14m over two years which is underwater.

With the prospect swaps likely being close to a wash, it seems almost as though the Braves basically paid ~$20 million for Kelenic.

dangledangleMember since 2024
2 years ago

Not the biggest impact but it is one of the most interesting set of trades over the last few seasons. I keep waiting to see if there are more associated with it because at this point you never know. The Atlanta front office put in a lot of leg work and weirdest part is most of the teams are in a better position than they started. Seattle might be the exception with Atlanta recovering value on the ballast.