Royals Made Three-Year Offer To Santander Before Jays Deal

The Royals have been searching for a middle-of-the-order bat throughout the offseason. Anthony Santander was evidently one such target. Ken Rosenthal of The Athletic reports that Kansas City made Santander a three-year, $66MM offer that included unspecified deferrals and would’ve allowed him to opt out after the second season.

Of course, Santander declined that proposal in favor of a five-year deal with the Blue Jays. That was initially reported as a $92.5MM contract, though extreme deferrals dramatically cut the net present value. For luxury tax purposes, Santander’s deal with Toronto was valued just below $68.6MM. He can opt out of that contract after three seasons, though the Jays could override that by preemptively exercising a 2030 club option.

The deferrals in Kansas City’s offer would have also trimmed its net present value to some extent. Without specifics, it’s impossible to know the exact NPV. However, it’s likely that K.C.’s offer would have had a stronger average annual value than the approximate $13.7MM mark on his contract with Toronto. Santander’s decision to go to Toronto could be a matter of timing more than anything else. Rosenthal writes that the switch-hitting slugger was already “committed” to the Jays once Kansas City made its strongest offer.

A few days after Santander came off the board, Jurickson Profar inked a three-year deal with the Braves. He received a $42MM guarantee. The Royals had been tied to Profar as far back as November. Rosenthal writes that the Royals were unwilling to go to three years on Profar, who turns 32 next month. Santander and Profar were the two big remaining unsigned outfielders.

Kansas City reallocated some of the money they were prepared to invest in the outfield to the bullpen. The Royals finalized a two-year, $22MM deal with back-end reliever Carlos Estévez this evening. That pushed their projected Opening Day payroll to roughly $132MM, according to the RosterResource calculations. RosterResource estimated last year’s season-ending payroll around $114MM, though Rosenthal writes that it was closer to $118MM. In either case, the Royals have added around $15-20MM to their books. They’ve also re-signed Michael Wacha for $51MM over three years, re-signed Michael Lorenzen on a $7MM pact, and swapped Brady Singer for Jonathan India.

The pitching staff looks excellent. K.C. had one of the best rotations in MLB last season. That should be the case again with Cole Ragans, Seth Lugo, and Wacha returning at the front end. Kyle Wright should be back from shoulder surgery, while they could get a full season out of Kris Bubic after he pitched in relief upon his return from Tommy John surgery. Estévez pairs with last year’s big deadline pickup, Lucas Erceg, at the back of what should be a stronger bullpen.

There’s less depth in the lineup. India will be an upgrade over Maikel Garcia at the top of the order. Kansas City hasn’t found the big bat they’d hoped to plug behind Bobby Witt Jr., Salvador Perez and Vinnie Pasquantino. They again have one of the weakest outfields on paper. MJ Melendez and Hunter Renfroe project as their starters in the corners, while Kyle Isbel will get the bulk of the center field work.

India and Michael Massey will divide time at second base and could each see some action in left field. Rosenthal writes that the Royals plan to give the righty-hitting Garcia reps in center field against left-handed pitching, essentially as a platoon partner for the lefty-swinging Isbel. Garcia has never started a major league game in the outfield. He’s a plus athlete with good speed, though, so it’s not all that surprising that the Royals are open to letting him roam the outfield on occasion.