The Cardinals announced that they have acquired infielder/outfielder Richie Palacios from the Guardians in exchange for cash considerations. Palacios, who was designated for assignment by the Guards on the weekend, has been optioned to Triple-A Memphis. In order to open a spot on the 40-man roster, outfielder Tyler O’Neill has been transferred to the 60-day injured list.
Palacios, 26, was originally selected by Cleveland in the third round of the 2018 draft. He’s generally been considered a bat-first utility player and hit his way up the minor league ladder. He was added to the club’s 40-man roster in November of 2021 to prevent him from being selected in the Rule 5 draft.
He spent last year as a frequently-optioned depth piece, getting into 54 major league contests. But in his 123 plate appearances, he hit just .232/.293/.286 for a wRC+ of 65. He continued his strong offensive work whenever in the minors, finishing the year with a line of .279/.371/.458 in Triple-A and a 121 wRC+. However, this year, he’s slumped badly while sticking in the minors. He currently sports a line of .217/.351/.318 through 269 Triple-A plate appearances on the year.
Palacios has been bounced around the field a bit in his career to get his bat into lineups. He’s played second base and left field in the majors and also the other outfield positions in the minors. But since his bat is considered his best trait, his struggles this year got him bounced from the Guards to the Cards. The Cardinals have a penchant for developing versatile position players and will now try to get the most out of Palacios. He still has options and less than a year of service time, allowing him to serve as an optionable and versatile depth piece for the foreseeable future.
As for O’Neill, he was placed on the injured list in early May due to a lower back strain. There’s been nothing to indicate he’s particularly close to a return since he’s yet to start a rehab assignment that would be required before rejoining the big league club. That makes this transaction a mere formality as the 60-day count goes from his initial IL placement, not today’s transfer. He’ll be eligible to be reinstated in early July if he makes significant progress in the next two weeks.