Yankees, Franchy Cordero Agree To Major League Deal

The Yankees have signed outfielder Franchy Cordero to a Major League contract, reports ESPN’s Jeff Passan (Twitter thread). It’s a split deal that’ll pay Cordero $1MM in the big leagues and at a $180K rate in the minors. Yeimel Mendez first reported late last night that Cordero was nearing a deal with the Yankees.

Cordero spent spring training with the Orioles and fared quite well, turning in a .413/.426/.674 slash with a pair of homers, four doubles, a triple and a stolen base. He also fanned 11 times in 47 plate appearances and didn’t draw a walk. The Orioles apparently determined that he wouldn’t make the Opening Day roster, however, and cut him loose earlier this week.

The 28-year-old Cordero has spent parts of six seasons in the Majors, tantalizing the Padres, Royals and Red Sox with off-the-charts tools but a lackluster approach and sub-par feel for making contact. He has immense raw power and speed alike but doesn’t get to that power enough in games due to his lack of selectivity and penchant for putting himself in disadvantageous counts. Cordero has connected on some of the most majestic home runs of the Statcast era, but he’s a career .221/.290/.386 hitter thanks in no small part to a career 34.8% strikeout rate. To his credit, Cordero slightly dropped his strikeout rate with Boston last season (33.5%, down from 35.7% previously) and upped his walk rate (10.2%, up from 8%).

Barring further additions, it now seems likely that Cordero will crack the Yankees’ Opening Day club, perhaps pushing out-of-options Estevan Florial off the roster in the process. The Yankees confirmed this morning that they granted outfielder Rafael Ortega his release — as MLBTR reported yesterday — which left Florial in line for the final outfield spot. The addition of Cordero, however, calls Florial’s role on the club into question.

On the defensive end of things, Cordero has experience at all three outfield spots, and the Red Sox gave him 427 innings at first base over the past two seasons as well. He doesn’t grade out as a strong outfielder by measure of Defensive Runs Saved (-8), Ultimate Zone Rating (-6.3) or Outs Above Average (-1), but he has 1100 innings of big league experience split across all three spots. At least in the early going, he can back up the trio of Aaron Hicks, Aaron Judge and Giancarlo Stanton while providing some lefty thump off the bench.

While Cordero’s contract is a split deal, that’s not likely to come into play right away. Cordero is out of minor league options, so the only way the Yankees could send him to the minors would be by first passing him through waivers. They could opt to do so when Harrison Bader returns from the injured list, but at least for now, the big league agreement seems to signal intent to include him on tomorrow’s 26-mnan roster. He’ll earn the prorated version of that $1MM salary for any time spent on the Major League roster and the prorated $180K for any time spent in the minors.