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Pirates Release Cody Ponce To Pursue NPB Opportunity

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The Pirates have released right-hander Cody Ponce, according to the team’s transactions log at MLB.com. The right-hander is pursuing an opportunity in Japan’s Nippon Professional Baseball, reports Kevin Gorman of the Pittsburgh Tribune-Review. Reports out of Japan have suggested he’ll be signing with the Hokkaido Nippon-Ham Fighters.

Ponce has appeared in the majors in each of the past two seasons, combining to work 55 1/3 innings over 20 outings. Most of that work has come as a multi-inning reliever, but Ponce did make a more traditional five-inning start against the Cubs in May. Altogether, he’s managed a 5.86 ERA. Ponce has only punched out 19.6% of opponents and struggled with home runs, but he’s also been quite stingy with walks (6.9%).

Transactions of this ilk aren’t uncommon, as players on the fringes of a 40-man roster can often make more in foreign professional leagues than they’d stand to earn as up-and-down players with a big league club. It’s not out of the question Ponce returns to the majors at some point down the line, particularly if he settles in as a productive member of the Fighters’ rotation over the next season or two.

The move clears a space on Pittsburgh’s 40-man roster. That’ll be needed for the signing of Roberto Pérez, who reportedly agreed to terms on a $5MM guarantee this afternoon.

Marlins Sign Sandy Alcantara To Contract Extension

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After months of back-and-forth, the Marlins and right-hander Sandy Alcantara have agreed upon a long-term deal. The team announced Tuesday they’ve signed the CAA Sports client to a five-year contract extension that also contains a club option covering the 2027 season. Alcantara will reportedly be guaranteed $56MM, including a $2MM buyout on the 2027 option valued at $21MM. He receives a $1.5MM signing bonus as part of the deal.

Sandy Alcantara | Brad Mills-USA TODAY Sports

Alcantara, 26, has been in extension talks at least dating back to July, when reports of negotiations first surfaced. While the Marlins’ first overtures were said to be low enough that Alcantara’s camp considered them a nonstarter, a $55MM+ guarantee would be a record extension for a pitcher with between three and four years of Major League service time, topping the previous highwater mark set by Carlos Martinez in Feb. 2017 (five years, $51MM).

Acquired from the Cardinals alongside Zac Gallen in the 2017 trade that sent Marcell Ozuna to St. Louis, Alcantara has steadily improved over the course of his four seasons in Miami. He’s always been a hard-throwing sinker specialist, but his strikeout and walk rates early in his career were pedestrian, to say the least. Alcantara racked up 197 innings with the Fish in 2019, but he looked more like a potential innings-eater than a star at that point. Fast forward to 2021, however, and Alcantara looks more like a building block than that stable No. 4 starter he was in ’19.

This past season, Alcantara finished fourth in MLB with 205 2/3 innings thrown, averaged 98.1 mph on his heater and posted career-best marks in strikeout rate (24.0%), walk rate (6.0%) and ground-ball rate (55.3%). All three are vastly better than the league average, so it’s little surprise that Alcantara’s 3.19 ERA was largely supported by fielding-independent marks. This year’s 13.3% swinging-strike rate was easily a career-high, and Alcantara’s gaudy 36.7% opponents’ chase rate on pitches outside the strike zone ranked third among qualified starters. Alcantara also thrives when it comes to inducing weak contact and ranks above the league average in Statcast’s “expected” ERA, batting average, slugging percentage and wOBA.

Alcantara had been set for his first trip through the arbitration process this winter and was projected by MLBTR contributor Matt Swartz to earn $4.5MM. He’d have been arb-eligible twice more, securing a pair of additional raises in the process. The proposed deal would buy out two arbitration seasons and, depending on how bullishly one cares to project Alcantara’s would-be raises in years two and three of arbitration, places a value of around $14-15MM per season on those two free-agent campaigns. That, of course, still represents a bargain for Alcantara if he can replicate his 2021 breakout, but that type of tradeoff is commonplace for players signing extensions well before they’d otherwise reach the open market.

The $11MM annual value — a figure which, as with many extensions, is skewed by the arbitration seasons included in the deal — is significant for a typically low-payroll Marlins club. However, Miami doesn’t have a single guaranteed contract on the books after the 2023 season, and second-year GM Kim Ng has been vocal in her desire to spend more money this offseason. Much of that is expected to come via free agency, but locking up one of their current stars to keep him in the fold beyond his previously allotted team control certainly speaks to that increased financial wherewithal as well.

Miami has reportedly considered trading from its impressive collection of young starting pitchers as the organization eyes long-term options both in the outfield and behind the plate. That said, Alcantara would always have been one of the toughest Marlins starters to obtain — if not the toughest — and a five-year extension would further diminish the already slim chances of him being dealt. The Fish could still dangle any combination of Pablo Lopez, Elieser Hernandez and Jesus Luzardo, while near-MLB prospects like Max Meyer and Edward Cabrera (among many others) would surely carry very strong trade value. Injured youngsters like Sixto Sanchez (shoulder capsule surgery) and Jake Eder (Tommy John surgery) are appealing in their own right — health concerns notwithstanding.

With such a bounty of young arms, the Marlins obviously could have weathered the hit of trading Alcantara, but today’s extension instead likely portends a long-term rotation headed by Alcantara and 2021 NL Rookie of the Year runner-up Trevor Rogers. Who’ll fill the spots behind that dynamic pairing is dependent on how the offseason trade market unfolds, but the Fish are well-positioned to continue making strides thanks largely to that near-unparalleled collection of pitching talent.

Craig Mish of SportsGrid first reported the Marlins and Alcantara were both nearing agreement and had agreed upon on a five-year extension worth more than $56MM. Mish and Jordan McPherson of the Miami Herald reported the presence of a sixth-year club option valued at $21MM, as well as the $1.5MM signing bonus.

Photo courtesy of Imagn/USA Today Sports.

Red Sox Sign Christin Stewart, Rob Refsynder To Minor League Deals

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The Red Sox have inked a pair of recent big leaguers to minor league deals. Rob Bradford of WEEI reported (on Twitter) that former Tigers corner outfielder/DH Christin Stewart was landing in Boston; meanwhile, Chris Cotillo of MassLive reported this morning (Twitter link) that utilityman Rob Refsnyder was signing with the Sox.

Stewart, 28 next month, appeared in the majors with Detroit each season from 2018-20. The left-handed hitter tallied 587 plate appearances all told (the bulk of them coming in 2019) and hit .225/.300/.376 with 15 home runs. That kind of offensive output wasn’t enough to compensate for Stewart’s lack of defensive value as a below-average left fielder, and Detroit outrighted him off their 40-man roster in April.

To his credit, Stewart bounced back after clearing waivers. He took 343 trips to the plate with the Tigers’ Triple-A affiliate in Toledo, hitting .254/.339/.538 with 21 homers. That’s in line with Stewart’s career-long track record of hitting well in the minors, but it wasn’t enough to earn another big league look in Detroit. He’ll try to play his way back to the majors with the Red Sox next spring.

Refsnyder has appeared in the majors in each of the past six seasons, albeit without ever tallying 200 trips to the plate in a given year. He’s bounced around the league, suiting up for the archrival Yankees, Blue Jays, Rays, Rangers and Twins. His most recent stop was in Minnesota, where he posted a .245/.325/.338 line with a pair of homers over 157 plate appearances.

The 30-year-old’s greatest appeal lies in his defensive versatility. Refsnyder has appeared at every position excepting shortstop and catcher over the course of his big league career, adding center field to his resume while Byron Buxton was on the injured list this past season. He’ll look to earn a big league roster spot with the fourth AL East team of his career come Spring Training.

Braves Sign Orlando Arcia To Two-Year Guarantee

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The Braves announced an agreement with utilityman Orlando Arcia on a two-year, $3MM contract. He’ll earn successive salaries of $1.6MM and $1.3MM over the next two seasons, per the team. The deal also contains a 2024 club option valued at $2MM that comes with a $100K buyout.

The contract extends the Braves’ window of club control by a season, as Arcia had been controllable through 2023 via arbitration. It’s a bit of a surprise to see the Braves commit any long-term money to Arcia at first glance. He only tallied 78 MLB plate appearances after Atlanta acquired him from the Brewers in April, with a poor .214/.282/.343 line to show for it. Arcia has been a below-average hitter in all five of his MLB seasons, with a .260/.317/.416 showing during the truncated 2020 campaign the best line of his career.

Arcia is coming off a very strong showing with Triple-A Gwinnett, though. Over 322 plate appearances at the minors’ top level, he hit .282/.351/.516 with 17 homers, only striking out in 11.8% of his tallies at the dish. By measure of wRC+, that offensive output was 29 percentage points better than the Triple-A East league average. And Arcia’s a valuable defensive player who generally posts decent numbers at shortstop and began to expand his versatility this past season.

Clearly, the Atlanta front office believes in his ability to contribute over the coming seasons, even if just off the bench. The $1.5MM average annual value is a minimal investment, and it’s actually a bit less than the $2.1MM MLBTR contributor Matt Swartz had forecasted Arcia making in 2022 via arbitration.

That’s not to say Arcia and his representatives at World Sports Agency made a mistake in signing the deal. At that previous figure, he’d look like a non-tender candidate. The Venezuela native instead locks in some guaranteed money over the coming two seasons. Arcia is out of minor league option years, but it seems likely he’ll stick on the active roster out of camp given the team’s investment in him.

Jon Heyman of the MLB Network first reported the Braves and Arcia were in agreement on a two-year, $3MM guarantee with a 2024 club option.

Rockies Interested In Kris Bryant

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It’s been a quiet few weeks on the Kris Bryant front since the free-agent market opened, but MLB Network’s Jon Heyman and MLB.com’s Mark Feinsand both report that he has a somewhat surprising suitor in the form of the Rockies (Twitter links). Feinsand suggests that while the Rockies have “real” interest in getting something done, however, there may not be time to put together a contract and complete a physical between now and the expiration of the collective bargaining agreement.

Similarly, Patrick Saunders of the Denver Post reports that it’s “less and less likely” the Rockies will make any sort of major move prior to the lockout (Twitter links). Saunders adds that the Rox have “definite” interest but that Bryant could be eyeing a deal in the $160-170MM range, which likely makes a more affordable outfield target (e.g. Michael Conforto) more palatable in Denver.

A deal with Bryant would be at least somewhat surprising given that the Rockies last major, nine-figure expenditure (Nolan Arenado) resulted in a trade to St. Louis that saw Colorado covering more than $50MM of the guaranteed money on the deal. The Rockies also balked at even a qualifying offer for righty Jon Gray and haven’t to this point been strongly linked to their own free agent with a case for a nine-figure deal: Trevor Story.

That said, it’s easy to see how Bryant could fit into the Colorado lineup — either in the outfield or at third base. The Rox could play Ryan McMahon at second base, move Brendan Rodgers to his original position (shortstop) and clear an easy path for Bryant at the hot corner.

In the outfield, things are even more open. Neither center fielder Sam Hilliard nor infielder/outfielder Garrett Hampson has provided any offense over the past two seasons, and while Connor Joe hit well this past season, it was only a sample of 211 plate appearances for the 29-year-old journeyman. Charlie Blackmon remains entrenched in right field, but it’d be easy to write Bryant in as the primary left fielder and let the others vie for time in center and/or around the infield.

It remains to be seen whether the Rockies will actually engage in a serious pursuit of Bryant or are merely hoping to serve as an opportunistic landing spot in the event his market doesn’t crystallize as hoped. But from a payroll vantage point, Colorado can certainly afford to make a splash of that nature. The Rox currently have about $103.5MM in projected salary, per Roster Resource — a far cry from the franchise-record $136MM payroll.

The dollars on any offer to Bryant will be paramount for Colorado — perhaps more so than with other teams. While Bryant would surely be intrigued by playing half his games at Coors Field, the Rockies’ generally noncompetitive status for the past several seasons could make for a tough sell to high-end free agents — at least if they have comparable offers from contending clubs. The Rockies have made some moves early in the offseason, re-signing would-be free agents C.J. Cron and Jhoulys Chacin while extending both righty Antonio Senzatela and catcher Elias Diaz.

However, all of those pieces were already in place in a 2021 season that resulted in a lowly 74-87 finish. Meanwhile, the Rox have already lost Gray to the Rangers and could potentially lose their best position player, Story. A series of extensions for 2021 holdovers shows a willingness to spend some money — as does even passing interest in Bryant — but doesn’t make a particularly compelling sales pitch for prospective free agents hoping to sign with a win-now team. That’s not to say the Rockies don’t have any chance at signing Bryant (or another free agent of this caliber), but they’ll likely need to go the extra mile in terms of an additional year and/or a premium in terms of annual salary — similar to the Rangers’ approach this winter.

Yankees, Blue Jays Among Teams With Interest In Freddie Freeman

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2020 NL MVP Freddie Freeman is one of the top free agents on the market this winter, and he’s unsurprisingly drawing interest from a few of the game’s higher-spending organizations. The Yankees and Blue Jays are among the teams to have reached out to the five-time All-Star, reports Jon Heyman of the MLB Network (Twitter link).

Many around the industry expect Freeman will eventually re-sign with the Braves. The star first baseman has been a member of the organization for nearly a decade and a half, and it’d be a bitter pill for the fanbase to swallow if Freeman departs on the heels of Atlanta’s first World Series title since 1995. No deal has yet gotten done, though, with the Braves’ reluctance to offer a sixth guaranteed year reportedly the hold-up in talks so far. Heyman adds that Freeman had been seeking a guarantee in the $180MM range. Entering the offseason, MLBTR indeed projected a six-year, $180MM pact for the three-time Silver Slugger award winner.

It’s certainly not out of the question Freeman and the Braves will eventually bridge their gap. Heyman notes that some other organizations in pursuit are still skeptical about the possibility the 32-year-old leaves Atlanta. There’s no harm for clubs to reach out to Freeman’s representatives at Excel Sports Management in case the Braves aren’t willing to meet his ultimate ask, though.

Were Freeman to seriously entertain the possibility of leaving Atlanta, it stands to reason other clubs would get involved. Both Heyman and Ken Rosenthal of the Athletic have floated the possibility of the Dodgers making a run at the Southern California native. Los Angeles has already lost Corey Seager and could see Chris Taylor also depart. Signing Freeman while bumping Max Muncy over from first to second base would go a long way towards replacing the offensive production they’ve lost this winter.

Broadly speaking, any big-market team could poke around the Freeman market. The Jays have no need for a first baseman, with Vladimir Guerrero Jr. looking to have made the jump to perennial MVP candidate. Toronto could free up at-bats at designated hitter to accommodate Freeman, though, and other high-spending clubs could similarly move incumbent pieces around to make a signing work. Freeman is one of the game’s most consistently productive hitters, having been at least 32 percentage points better than average at the plate (by measure of wRC+) in each season since 2013.

Rays Discussing Joey Wendle, Kevin Kiermaier In Trade Talks

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The Rays are exploring the trade markets for both infielder Joey Wendle and center fielder Kevin Kiermaier, tweets Ken Rosenthal of The Athletic. Earlier today, Matt Gelb of The Athletic reported that the Phillies have had trade talks surrounding Kiermaier as they continue to search for an option in center field.

Wendle, 31, was one of the Rays’ whopping 19 arbitration-eligible players entering the offseason, and teams have until 8pm ET tonight to determine whether to tender contracts to those players. MLBTR contributor Matt Swartz projects a $4MM salary for Wendle next season, but the Rays are deep in infield talent with the likes of Wander Franco, Brandon Lowe, Yandy Diaz and prospects Vidal Brujan and Taylor Walls.

There’s little chance the Rays would simply non-tender Wendle. He’s coming off a solid .265/.319/.422 batting line (106 wRC+) through 501 plate appearances in 2021, and beyond his contribution with the bat, he played above-average defense at each of second base, third base and shortstop. He’s also controlled another two seasons via arbitration, so a team in need of help at second and/or third base would surely be intrigued by the possibility of swinging a deal with the Rays.

Kiermaier is in an entirely different situation. The 31-year-old is entering the final guaranteed season of a six-year, $53.5MM contract extension and is due to earn $12MM next season (plus at least a $2.5MM buyout on a $13MM option for the 2023 campaign). His name has been kicked about the rumor mill for years now, largely on account of his salary naturally increasing in the latter stages of that extension.

Though Kiermaier has struggled to remain healthy throughout his MLB career, it’s obvious why a Phillies club that has been defensively inept for several years would have interest in adding him to the mix. When healthy, Kiermaier is among the best defensive players on the planet, regardless of position. And while he’s been inconsistent with the bat, his composite .243/.321/.401 batting line dating back to 2016 is only about five percent below average, by measure of wRC+. Kiermaier also provides ample value on the basepaths, evidenced in part by a 77% success rate in stolen-base attempts during that time.

The Phillies have about $171MM in payroll commitments for the 2022 season and a near identical mark in luxury-tax obligations, per Roster Resource’s Jason Martinez. Kiermaier would add $12MM to their bottom-line payroll but only about $8.91MM to their luxury ledger, thanks to the backloaded nature of his contract extension.

Philadelphia has been seeking an upgrade in center field for several years now and has already missed out on top free agent Starling Marte this winter. The Phils also held interest in Minnesota’s Byron Buxton, but the Twins signed him to a seven-year extension with a full no-trade clause, firmly closing the book on any such possibility.

It’s at least plausible that the Phils could have interest in a combo deal with the Rays that would send both Kiermaier and Wendle to the City of Brotherly Love. The Phillies have been loosely tied to infield upgrades, and while it’s not reported to be a top priority for them, Wendle would give them some cover on the left side of the infield where both Didi Gregorius and Alec Bohm are coming off lackluster seasons.

The Rays have a full 40-man roster and still need to make room for the formal addition of right-hander Corey Kluber, who agreed to a one-year, $8MM deal with Tampa Bay on Sunday.

Twins Claim Trevor Megill, Outright Jake Cave

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The Twins announced Tuesday that they’ve claimed righty Trevor Megill off waivers from the Cubs and sent outfielder Jake Cave outright to Triple-A St. Paul after he went unclaimed on waivers.

Megill, 28 this weekend, was hammered for 22 runs in 23 1/3 innings with Chicago during his MLB debut last season, but he posted a strong 26.1% strikeout rate against a 7.0% walk rate. Megill averaged 96.5 mph on his heater while showing high-end spin rates on both that four-seamer and his breaking ball. The 6’8″ righty has also whiffed 32% of his opponents in Triple-A and has a pair of minor league option years remaining — both of which surely appealed to Minnesota.

The corresponding subtraction of Cave from the 40-man roster comes not two weeks after he agreed to an $800K contract for the upcoming season. Of course, arbitration deals of that nature aren’t fully guaranteed, and the Twins could potentially cut Cave loose anytime between now and the halfway point of Spring Training and be on the hook for only 30 days’ salary (about one sixth of the contract). That number would jump to 45 days’ pay in the second half of camp and would become fully guaranteed if Cave made the Opening Day roster.

That would require Cave being added back to the 40-man roster, however, which doesn’t appear likely without a big showing in Spring Training. The 28-year-old Cave was productive in his first two years with the Twins, 2018-19, hitting at a combined .262/.329/.466 clip through 537 plate appearances while playing all three outfield slots. He’s dealt with repeated back injuries, including a fracture, in the two seasons since that time, and the resulting .202/.263/.332 output is underwhelming, to say the least.

Cave could have rejected the assignment and opted to become a free agent, but doing so would’ve required forfeiting the salary on that contract. Darren Wolfson of 1500 SKOR North tweets that Cave’s contract was a split deal with an $800K salary in the Majors and $300K in the minors.

Nationals Claim Lucius Fox

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The Nationals have claimed infielder Lucius Fox off waivers from the Orioles, per announcements from both clubs. Baltimore had claimed Fox off waivers from the Royals earlier this month.

Fox, 24, was a big-time international signing by the Giants out of the Bahamas back in the 2015-16 international signing period. Signed to a $6MM bonus, he was viewed as a gifted up-the-middle defender with a promising hit tool but a lack of power. San Francisco clearly wasn’t the only club enamored of his skill set, as Fox has been included in a couple of fairly notable trades — going from San Francisco to Tampa Bay in the Evan Longoria swap and from the Rays to the Royals in exchange for Brett Phillips.

To this point in his career, Fox has gotten on base at a respectable clip but has indeed demonstrated a lack of power. In five minor league seasons, he’s posted a .244/.339/.332 batting line — never topping five home runs or 20 doubles in a given season. Scouting reports, including this one from FanGraphs’ Eric Longenhagen, note that Fox has plus speed and strong defensive tools but is still inconsistent with the glove.

Fox will vie for a spot in a fairly wide-open Nationals infield mix next spring, where Alcides Escobar, Luis Garcia and Carter Kieboom look like the incumbent options at shortstop, second base and third base, respectively. That said, Fox also has a minor league option remaining, so if he lasts on the 40-man roster through the remainder of the offseason, he can be sent to Triple-A without first needing to pass through waivers.

Pirates To Sign Roberto Perez

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1:00pm: The Pirates and Perez have agreed to a one-year contract, tweets ESPN’s Jeff Passan. The MDR Sports Management client will be guaranteed $5MM on the contract, Jason Mackey of the Pittsburgh Post-Gazette further reports (Twitter link).

11:08am: The Pirates are in talks with free-agent catcher Roberto Perez, tweets Ken Rosenthal of The Athletic. Pittsburgh has an obvious need behind the dish after trading Gold Glover Jacob Stallings to the Marlins yesterday. Perez would give them a defensive-minded backup with some power in his bat — albeit one who has struggled mightily while battling injuries in Cleveland over the past two seasons. The Guardians declined their $7MM option on Perez following the season.

Roberto Perez | Kelley L Cox-USA TODAY Sports

Perez, 33 next month, has long rated as one of the game’s premium defenders behind the dish and looked to have turned a corner at the plate in 2019, when he hit .239/.321/.452 with a career-high 24 home runs. However, he’s limped to a .155/.253/.277 slash with eight homers in 276 trips to the plate since.

Perez missed significant time in 2020-21 due to a pair of shoulder injuries and a fractured ring finger. It’s certainly plausible that the shoulder and hand injuries contributed to his decline at the plate, but the 2019 season looks increasingly like an outlier campaign for a defensive-minded backstop.

While Perez may not have stacked up to Stallings’ defense in 2021, he’s a two-time Gold Glove winner himself, taking home the American League award at catcher in both 2019 and 2020. Perez had never posted a season with negative marks in Defensive Runs Saved or FanGraphs’ pitch framing prior to 2021 but did rate ever so slightly below par in both categories. Of course, he was limited to 364 innings and wasn’t at 100% health this past season, and his body of work behind the dish is otherwise stellar.

From 2017-20, Perez’s 55 DRS ranked not only tops among all catchers but fifth among all players in Major League Baseball — regardless of position. He also led the American League with a gaudy 41% caught-stealing rate in 2019 and led all of baseball with a borderline-comical 71% caught-stealing mark in 2020 — nabbing 10 of the 14 runners who tried to take a base against him. Even with a lowly 16% mark in 2021, Perez still has a 39% mark in his career. And, given that the pair of shoulder problems he’s had recently (one in 2020, one in 2021) were in his throwing shoulder, it’s eminently plausible that he could rebound in that regard with better health in 2022.

Photo courtesy of Imagn/USA Today Sports.

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