The Giants placed second baseman Thairo Estrada and lefty relievers Taylor Rogers and Tyler Matzek on waivers, report Grant Brisbee and Ken Rosenthal of the Athletic. They’re the latest veteran players known to hit the waiver wire as fringe contenders attempt to offload some salary.
Estrada, Rogers and Matzek were not designated for assignment. They can continue to play for the Giants pending resolution of the waiver process. If they go unclaimed, San Francisco can (and quite likely will) simply keep them on the roster for the rest of the season. However, waivers are irrevocable. If another team places a claim on anyone, the Giants do not have the ability to rescind the placement.
Of course, the Giants wouldn’t have placed the players on waivers if they weren’t hoping another team made a claim. This is strictly a move to try to shed payroll. Estrada probably stands the best chance of the group to be claimed. He’s playing on a $4.7MM arbitration salary. There’ll be roughly $810K to be paid from tomorrow through the end of the season.
The 28-year-old Estrada is generally well regarded for his defensive acumen. Defensive Runs Saved has never been keen on his performance, but he grades very highly by Statcast’s Outs Above Average. While that hasn’t changed this year, his offense has fallen off a cliff. Estrada was an average or better hitter during his first three seasons with the Giants, combining for a .266/.320/.416 slash. He topped 20 stolen bases and drilled 14 homers apiece in 2022 and ’23.
This season, Estrada has been one of the worst hitters in the game. He sports a .216/.246/.345 line through 374 plate appearances. While that’s partially due to a career-low .245 average on balls in play, Estrada has never walked much or had particularly strong batted ball metrics. Among hitters with 300+ plate appearances, only Eddie Rosario and Adam Duvall have a lower on-base percentage.
That performance makes it likely the Giants will move on from Estrada next offseason even if he sticks on the roster for the remainder of the year. He’d be due a small raise on this year’s salary, likely into the $5-6MM range. The Giants have evidently determined they were going to decline to tender him a contract, so they’ll make him available to other teams a month earlier to see if they can shed the final month of his 2024 salary.
Rogers is having a much better season than Estrada, but he’d be a far costlier pickup. The veteran southpaw is in the second season of a three-year, $33MM free agent deal. It’s a backloaded contract that pays him $12MM this year and next. He’ll be due a little more than $2MM for the final month of the season. A claiming team would also need to absorb his $12MM salary for the ’25 season. That isn’t an outlandish amount for a reliever of Rogers’ caliber but represents a hefty sum to take on via midseason waiver claim.
The 33-year-old Rogers is a former All-Star closer with the Twins. He has remained effective over his two seasons in San Francisco. After turning in a 3.83 earned run average across 51 2/3 innings a year ago, he carries a 2.45 mark in 51 1/3 frames this season. Rogers has fanned an above-average 28.2% of opponents against a solid 7.7% walk rate. He has been generally solid all year yet hasn’t pitched his way into first-year manager Bob Melvin’s circle of trust.
By measure of leverage index, Rogers has been eighth on San Francisco’s bullpen hierarchy (among relievers with at least 10 innings). That hasn’t changed throughout the season despite Rogers’ numbers. It’s understandable the Giants wouldn’t want to pay $12MM next season to a reliever whom Melvin feels is best suited in the middle innings.
Matzek is the most affordable of the trio. Acquired from the Braves as a salary offset in the Jorge Soler deadline deal, he’s playing on a $1.9MM contract. Matzek was on the injured list at the time of the trade and hasn’t thrown a pitch as a Giant. He missed all of last year recovering from Tommy John surgery. Matzek returned this season before landing back on the IL in May with elbow inflammation.
The 33-year-old southpaw had a tough first month in Atlanta, giving up 11 runs over 10 frames. The Giants sent him to Triple-A on a rehab stint a couple weeks ago. He has made five appearances, allowing four runs through 4 2/3 innings. Matzek should be able to return in September, though it’s not clear if a contender is willing to plug him into their bullpen after a five-month layoff.
Matzek is due around $330K for the rest of the year. His deal contains a $5.5MM team option for next season without a buyout. That’s unlikely to be exercised by the Giants or a hypothetical claiming team.