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Royals Interview Matt Quatraro About Managerial Vacancy

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Rays bench coach Matt Quatraro is again a popular interview candidate for managerial jobs, as The Athletic’s Ken Rosenthal (Twitter link) reports that the Royals spoke with Quatraro earlier this week as K.C. looks for Mike Matheny’s replacement in the dugout.

Quatraro has previously interviewed with the Pirates, Giants, Tigers, Mets, Athletics about their managerial openings within the last three years, and he was reportedly a finalist for the jobs in Pittsburgh (before Derek Shelton was hired) and New York (prior to Buck Showalter’s hiring).  Quatraro is also pretty deep in the running for another job this offseason, as both he and Astros bench coach Joe Espada are being interviewed for a second time by the Marlins.

Just a few weeks away from his 49th birthday, a big league managerial post would be quite the early present for Quatraro, and the culmination of an 18-year coaching career.  After seven seasons as a player in the Rays farm system, Quatraro moved onto various roles as a hitting coach, hitting coordinator, and minor league manager for the Rays until he was hired by the Indians prior to the 2014 season.  Quatraro worked as Cleveland’s assistant hitting coach for four seasons, and this job could be a link to his chances with the Royals — as Rosenthal notes, Royals owner John Sherman was a minority owner in Cleveland during Quatraro’s tenure on the coaching staff.

Quatraro then made a return to Tampa Bay as a third base coach in 2018, and he has spent the last four seasons as Kevin Cash’s bench coach.  The Rays’ constant success on a minimal budget has led to several members of the coaching staff and front office being poached by other teams over the years, so Quatraro could be the latest name to join a lengthy list.

It’s a new era in Kansas City, as longtime front office head Dayton Moore was fired after 16 seasons with the team, and Matheny was let go after three seasons as manager.  Hiring Quatraro or another voice from outside the organization would help add some new perspective to the Royals’ operations, as new GM J.J. Picollo is a longtime member of the K.C. front office.  The only other known candidate for the Royals job is an internal candidate in bench coach Pedro Grifol, who was also interviewed by the Marlins and has also reportedly received interest from the White Sox.

Marlins Managerial Rumors: Espada, Quatraro, Weiss

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TODAY: Braves bench coach Walt Weiss turned down an interview request from the Marlins, according to Jon Heyman of The New York Post.  Weiss posted a 283-365 record as the Rockies’ manager from 2013-16, and he just completed his fourth season as Atlanta’s bench coach.  A 14-year Major League veteran best known for his time with the great Athletics teams of the late 80’s and early 90’s, Weiss spent a season with the Marlins in 1993, playing on the team’s inaugural roster.

OCTOBER 20: Astros bench coach Joe Espada and Rays bench coach Matt Quatraro have landed a second interview for the vacant Marlins managerial post, according to Craig Mish of SportsGrid. It was reported last week that Espada was interviewing for the position for the first time, but it’s the first reporting of the Marlins interest in Quatraro. Royals bench coach Pedro Grifol is the other known interviewee, although it’s unclear if he was asked back for a second time. Mish notes that a number of additional interviews have not been reported, so while there may well be a number of other candidates in play, the fact that Espada and Quatraro are interviewing a second time indicates they are starting to narrow down their search.

Both Espada and Quatraro have long been viewed as managers-in-waiting, and Marc Topkin of the Tampa Bay Times suggests Quatraro could also be in the mix for the vacant Royals, White Sox and Rangers jobs. Espada, meanwhile, has already interviewed for the White Sox position.

It’s not the first season that Espada, 47, has drawn managerial interest. The Puerto Rico native has been a respected member of the Astros coaching staff since 2017, and has had interest from the Mets, Cubs, A’s, Twins and Giants in recent years.

Similarly, Quatraro, 48, is heading into yet another off-season where his name is heavily linked with managerial posts. The A’s, Giants and Pirates were linked with Quatraro in recent years, while it was reported he was a finalist for the Mets position last year before they opted for Buck Showalter.

Astros Expected To Ask Dusty Baker Back For 2023 Season

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Dusty Baker’s contract is up whenever the Astros conclude their playoff run, marking the second straight year that the veteran manager has entered the offseason with uncertainty about his future.  However, it looks like Baker might be staying put in Houston, as Jon Heyman of the New York Post hears from sources that “Baker will be invited back to manage in 2023.”

The Astros have reached the ALCS in all three years of Baker’s tenure as manager, and are two wins away from their second consecutive American League pennant.  While he is still looking for his first World Series title as as manager, Baker’s 230-154 regular-season record with Houston has only further enhanced his case for enshrinement in Cooperstown, as only eight managers in baseball history have more wins than Baker’s 2093 career victories.

Despite this resume and Baker’s most recent track record of success, the Astros have been somewhat strangely hesitant to make a true long-term commitment, perhaps owing to Baker’s age (he turned 73 in June) and the unusual circumstances that led to his hiring.  After A.J. Hinch and Jeff Luhnow were fired in the wake of the sign-stealing scandal, Baker was hired just a few weeks later to replace Hinch, with James Click then brought in from the Rays front office to replace Luhnow as Houston’s general manager.

Baker was given a one-year contract with a club option for 2021, and the Astros made the early call to exercise that club option in July 2020.  No further extension came, however, and Baker’s next contract wasn’t finalized until after the Astros were eliminated in last year’s World Series — even then, Baker’s new deal just covered the 2022 campaign.

For his own part, Baker hasn’t shown any public displeasure with this lack of security, and most recently said that “I ain’t worried.  Worrying does no good,” when asked about his contract situation.  Heyman writes that Baker “is reportedly open to returning” as Houston’s manager, as it would make sense that Baker would want to remain in a comfortable environment with a winning team.  Hypothetically, Baker could be a candidate for any of the open managerial positions (with the Marlins, Royals, Rangers, or White Sox) since he’ll be a free agent, though the Astros are in a better position to contend in 2023 than any of those other four clubs.

Click’s contract status is another additional wrinkle.  The GM will also be out of contract after the season, and there have been rumors that the Astros might be looking to make a change in the front office, despite Click’s success in the job.  It doesn’t appear as though Click’s situation will impact Baker, however, as Heyman notes that the two men don’t have a particularly close relationship, even though this obviously hasn’t led to any issues with the Astros’ on-field success.  Astros owner Jim Crane reiterated in a text message to Heyman that he “will make a decision after the season is over on both contracts.  That has not changed.”

Offseason Outlook: Baltimore Orioles

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After a deep rebuild that featured last-place finishes in each of the past four full seasons, the Orioles showed signs of optimism in 2022. Many of their prospects reached the majors and played well, allowing the club to flirt with postseason contention and finish above .500 for the first time since 2016. GM Mike Elias has teased that the coming offseason will involve a higher payroll, but just how aggressive will they be?

Guaranteed Contracts

  • John Means, LHP: $2.975MM through 2023 (arbitration-eligible for one year thereafter)

Option Decisions

Arbitration-Eligible Players (projected 2023 salaries via MLBTR contributor Matt Swartz)

Free Agents

The Orioles have consistently been one of the worst teams in baseball in recent years, with few people expecting anything different going into 2022. But many of the club’s young players either made strong debuts or took steps forward, leading the team to a respectable season for the first time in recent memory. They stayed in the Wild Card race until the final week of the season and actually finished with a winning record for the first time since 2016.

What that means going forward is an open question that will be answered in the months to come. General manager Mike Elias was hired after the 2018 season, meaning we have no template for what it looks like when he decides to be aggressive. The club hasn’t given a multi-year contract to a free agent since Alex Cobb’s four-year deal in March 2018, before Elias was hired.

Back in August, Elias said that the O’s will “significantly escalate the payroll,” though he could mean different things by that. The highest Opening Day payroll the Orioles have ever had was the $164MM of 2017, per Cot’s Baseball Contracts, though it’s been steadily declining since then. This year’s mark was just under $44MM, the lowest in the league. It would be possible for the payroll to escalate “significantly” while still remaining low compared to the other 29 clubs. But if they want to be truly aggressive, there’s little standing in their way. They have no long-term commitments whatsoever, with Means the only player on the books for 2023 and literally no one guaranteed for 2024.

If they do decide to make a sizeable commitment to a free agent, it would make the most sense for it to be a pitcher since the position player core is in decent shape. Behind the plate, Adley Rutschman made good on his top prospect status with an excellent rookie season. In 113 games, he hit .254/.362/.445 for a wRC+ of 133, indicating he was 33% better than the league average hitter. That would be impressive work for any batter, but it’s especially impressive for a catcher, and a rookie at that. He also got good grades from defensive metrics, allowing him to produce 5.3 wins above replacement in the eyes of FanGraphs and cementing himself as the catcher of the future.

A Spring Training injury delayed his debut until May, meaning he’s currently short of one year of MLB service time. However, there’s a provision in the new collective bargaining agreement that gives a full year of service to the top two finishers in Rookie of the Year voting. Rutschman will most likely finish second behind Julio Rodríguez, meaning he would have five years of club control remaining before hitting the six-year mark. That should keep Rutschman in Baltimore through at least 2027, though an extension could always lengthen the relationship and would be one way of spending aggressively.

With Rutschman entrenched for years to come, the O’s will only have to think about a backup and depth options. Robinson Chirinos got into 67 games in 2022 but is headed to free agency. In terms of in-house options, they added Anthony Bemboom to the 40-man roster just a few weeks ago to prevent him from reaching minor league free agency. Then there are waiver claims Cam Gallagher, Mark Kolozsvary and Aramis Garcia. If the O’s want to supplement that group, they’d be a candidate for a veteran signing, such as bringing back Chirinos or someone like Sandy León, though they could also ride with the many options they already have.

At first base, the club traded away Trey Mancini at the deadline, leaving the position in the hands of Ryan Mountcastle. His power took a step back this year, hitting just 22 home runs compared to 33 last year. Some of that is surely due to the club pushing back the left field wall, though Mountcastle was still above-average at the plate overall. His .250/.305/.423 batting line this year adds up to a wRC+ of 106, or 6% above league average. That’s fairly middle-of-the-pack production from the first base slot, meaning it’s a theoretical area they could look to upgrade. However, Mountcastle is still young, turning 26 in February, and has yet to reach arbitration eligibility. He’ll likely get some time to find another gear. Jesús Aguilar, who was with the club for September and October, is reaching free agency, meaning there’s room for a backup/bench bat. Re-signing Aguilar would make some sense, though guys like Colin Moran will also be available.

The rest of the infield has some fluidity to it, thanks to the versatility of Gunnar Henderson. The club’s other top prospect, he debuted later in the season and hit .259/.348/.440 for a wRC+ of 125 in 34 games. He primarily lined up at third base in that time, though also saw some action at shortstop and second base. Jorge Mateo was the club’s primary shortstop this year, hitting at a below-average rate but still proving to be plenty useful due to his speed and defense. His .221/.267/.379 batting line only amounted to an 82 wRC+, but he also stole 35 bases and was unanimously praised by advanced defensive metrics. With Rougned Odor reaching free agency, second base is up for grabs, though there are internal options. Ramón Urías hit .248/.305/.414 for a wRC+ of 104 while playing second, third and short. Terrin Vavra spent some time at the keystone but also in the outfield.

Many people have opined that the O’s should target one of the big four free agent shortstops this winter (Trea Turner, Carlos Correa, Xander Bogaerts, Dansby Swanson), given their lack of payroll commitments and ability to shuffle their current infielders around. While that level of aggressiveness would certainly be exciting, there are reasons to suspect they will dedicate their resources elsewhere. Joseph Ortiz, Coby Mayo and Jackson Holliday are all infielders and considered to be among the top 100 prospects in the game by FanGraphs, while Baseball America has Holliday and Jordan Westburg on their list. Holliday is just 18 and still years away from the majors, but Ortiz and Westburg both reached Triple-A in 2022, with Mayo getting as high as Double-A. The O’s might want a path available for these players to force their way into the big league picture throughout 2023.

The outfield also saw a prospect debut this year, as Kyle Stowers came up and hit .253/.306/.418 for a wRC+ of 107 in 34 games. He should slot next to Cedric Mullins and Austin Hays as the club’s regular outfield mix. Anthony Santander will also be around, though he has the least defensive acumen of the group and could potentially see significant time as the designated hitter. Just like on the infield, there are future reinforcements coming on the grass. Colton Cowser is considered to be one of the top 100 prospects in the sport by each of FanGraphs, Baseball America and MLB Pipeline. He got as high as Triple-A in 2022 and will likely make his MLB debut in 2023.

With lots of depth on the position player side of things, the O’s should have plenty of opportunities on the trade market. Perhaps they believe in Cowser enough to explore a trade of Hays, opening up the outfield picture a bit. With a bevy of infield prospects on the way, maybe they feel they can make a move there. Trading away someone at the big league level like Mateo or Urías is a possibility. But they could also trade away one of their many prospects for immediate help.

Turning to the pitching staff, there’s less certainty. Seven different pitchers got into double digits in terms of games started, with a mixed bag of results. Austin Voth and Dean Kremer were the only two of the group to post ERAs under 4.00 while with Baltimore. In both cases, advanced metrics are skeptical of the results, with low BABIPs and high strand rates helping them to minimize the damage. Jordan Lyles, Tyler Wells, Kyle Bradish and Spenser Watkins were each between 4.00 and 5.00 in the ERA department, with none of them getting strikeouts at an above-average rate. Bruce Zimmermann’s ERA came in at 5.99. Some of these guys are still young and getting their feet wet, which means they will continue to get chances going forward. But none of them were so strong in 2022 that they should be guaranteed a rotation spot at this point. There should be plenty of room for free agent additions here, even with top pitching prospect Grayson Rodriguez on the cusp of entering the picture. John Means should be a factor at some point in 2023, but it will depend on how he recovers from the Tommy John surgery he underwent in April of this year.

The types of free agents that they target will depend on exactly how significant the payroll increase will actually be. The top of the market will feature aces like Jacob deGrom, Justin Verlander and Carlos Rodón. It would certainly be surprising to see the O’s shopping in that aisle, though there’s no real reason they couldn’t do it. If they aren’t willing to be quite that aggressive, they could look to Kodai Senga, Tyler Anderson, Chris Bassitt, Mike Clevinger and Nathan Eovaldi as solid middle-of-the-rotation options. If they decide to stick with one-year deals, they will likely be looking at guys like Chris Archer, Dylan Bundy, Zach Davies and others of that ilk. It could go in many different ways, but the O’s have virtually no payroll commitments and plenty of room in the rotation. The big question will be how bold they want to be.

Turning to the bullpen, this was a strength for the O’s this season. The club’s relievers posted a collective 3.49 ERA this year, ninth-best among MLB teams, even though they traded Jorge López to the Twins at the deadline. Félix Bautista, Cionel Pérez and Bryan Baker were some of the relievers to show promising results. However, reliever performance is notoriously volatile and the O’s don’t really have a veteran presence in the ’pen. Dillon Tate, who turns 29 in May and has just over three years of service time, is the old hand of the crew. It would be plenty sensible for the club to add a guy who’s been around for a bit, both for on-field performance and for mentoring capabilities. Players like Chris Martin, Adam Ottavino or Tommy Kahnle shouldn’t cost too much but would fit nicely, though there’s also nothing really stopping the O’s from splurging on Edwin Díaz or Kenley Jansen.

Ultimately, the O’s are a grand unknown until we see what Elias has in mind. Since taking over, he’s been extremely conservative with spending on the big league roster, avoiding all multi-year deals while focusing on acquiring and developing prospects. It seems like now is a good time to make a shift and start focusing on the major league level, but we don’t have a barometer for what that will look like. They still have many exciting prospects on the way, meaning they could continue with modest deals while waiting for the farm to continue producing, or they could use that prospect stockpile for a bold trade. But with a wide open future payroll and plenty of young talent, the O’s could be big players in free agency or the trade market or both, if they want to be.

In conjunction with this post, Darragh McDonald held an Orioles-centric chat on 10-21-22. Click here to view a transcript of that discussion.

Blue Jays Hire John Schneider As Manager

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The Blue Jays have officially removed the interim label from John Schneider, announcing today that the 42-year-old has been hired as the team’s manager.  Schneider was signed to a three-year contract, with a club option for the 2026 season.

A longtime member of the Jays organization, Schneider was promoted to the bench coach job prior to the 2022 season, but he took over as interim manager when Charlie Montoyo was fired on July 13.  Toronto held a 46-42 record at the time of Montoyo’s firing, but had played inconsistent baseball to that point, and was in the midst of a major slump that cost Montoyo his job.

This opened the door for Schneider, who stabilized matters by leading the Blue Jays to a 46-28 record over the remainder of the season.  Toronto captured the top wild card spot in the American League, though the Jays’ playoff trip was both short-lived and painful — the Mariners swept the Blue Jays in the Wild Card Series, as the Jays were shut out in Game 1 and then suffered a major bullpen breakdown in Game 2.

Despite the postseason disappointment, there was a sense that Schneider had done enough to earn the full-time managerial job.  He reportedly has plenty of support from within the clubhouse, and while Jays GM Ross Atkins left a bit of wiggle room during his recent end-of-season meeting with the media, he also stated that “it will be very difficult for us to find better than John Schneider” as the team’s next bench boss.

Schneider has spent his entire pro career with the Blue Jays, starting when he was a 13th-round pick for the club in the 2002 draft.  After six seasons in the minors, Schneider retired from playing due to injuries and moved into the coaching ranks, slowly working his way up the organizational ladder.  Schneider managed the Blue Jays’ rookie ball affiliate, both A-ball affiliates, and the Double-A affiliate from 2008-18, before receiving a promotion to the big league coaching staff prior to the 2019 season.  As it happened, Schneider’s climb coincided with the progress of several of Toronto’s young stars, so he was a familiar face in the dugout once the likes of Vladimir Guerrero Jr., Bo Bichette, Jordan Romano, and others arrived in the big leagues.

The early returns on Schneider as a Major League manager are promising, and the three-year deal represents the front office’s confidence in their new skipper.  However, Schneider faces immediate pressure as the leader of a team that has World Series aspirations, yet fell so devastatingly short in 2022.  Schneider’s own decision-making drew criticism following the epic Game 2 collapse, though in the view of the front office, the outcome of one game (important as that game was) wasn’t enough to erase Schneider’s work as manager over the previous three months.

Schneider becomes the third interim manager to receive a full promotion for 2023, following the Phillies’ Rob Thomson and the Angels’ Phil Nevin.  With Toronto finalizing their managerial situation, that leaves the White Sox, Royals, Marlins, and Rangers as the teams still looking to find a new skipper.

Details On Mariners’ Extension With Andres Munoz

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MLBTR’s Steve Adams has details on the extension the Mariners signed reliever Andres Munoz to last offseason. At the time, the contract was known to have four years and $7.5MM guaranteed, with three club options available to Seattle. Adams reports that Munoz received a $750K signing bonus in addition to a $750K salary in 2022.

Going forward, Munoz will receive base salaries of $1.5MM, $2MM and $2.5MM from 2023-25, years he otherwise would have been eligible for arbitration. Seattle’s club options cover what would have been Munoz’s first three free agent years, with the options starting at $6MM in 2026 before increasing to $8MM in 2027 and finally $10MM in 2028. Those option years can be boosted by up to $1MM through escalators based on games finished the previous season. Finishing 20, 30, 40, and 45 games between 2025-27 would each escalate the following season’s club option by $250K. Hitting those same benchmarks during the 2026-28 campaigns would trigger an extra $500K apiece in incentives during that season. None of the options comes with a buyout.

Seattle’s confidence in Munoz was rewarded this season, as the righty was among the best relievers in the sport this season. In 65 regular season innings this year, Munoz posted a fantastic 2.49 ERA and an even more impressive 2.04 FIP while racking up 96 strikeouts before appearing in all five of Seattle’s games this postseason. Averaging 100 mph on his fastball, Munoz is a flamethrower who combines his 52.6% groundball rate (less than a percentage point behind the likes of Sandy Alcanatara) with the sixth highest strikeout rate in the majors this year. Among the five pitchers above him, only Jacob deGrom has a lower walk rate, and Munoz ranks third in all of baseball to only deGrom and Edwin Diaz in K/BB.

Munoz did all this while playing through injury, as president of baseball ops Jerry Dipoto announced yesterday that Munoz would undergo surgery on his foot this offseason. While no specifics were provided on the surgery, the expectation appears to be that Munoz will be ready for spring training next year.

Given Munoz’s elite stuff and results, the contract now looks like stellar value for the Mariners. At the time he signed the deal, Munoz was relatively new to the organization. He’d undergone Tommy John surgery in early 2020, and he was rehabbing from that when the M’s acquired him from the Padres at the 2020 trade deadline. He missed almost all of 2021, making just one appearance at the end of the campaign. Nevertheless, Seattle offered him some financial security last winter, taking the chance he’d break out after the extended layoff. He’s done exactly that, and the team’s reward for rolling the dice on Munoz is another six seasons of affordable control over a 23 year old relief ace.

Rich Hill, Red Sox Have “Mutual Interest” In Reunion

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Rich Hill revealed on The Bradfo Sho podcast earlier this week that he’s had preliminary talks with the Red Sox about a return to Boston next season, saying that the two sides have “mutual interest” in a deal. Hill, 42, will be a free agent at the conclusion of the post-season.

“We’ve talked and had lunch with a few of the guys in the front office, and understand that there’s a mutual interest there,” Hill said. “Being able to stay home would be great.”

The Massachusetts native signed a one-year deal with the Red Sox last December, and turned in 124 1/3 innings of 4.27 ERA ball across 26 starts. Despite being the oldest active player in the majors, Hill didn’t show any signs of decline in 2022, and advanced metrics were all largely in line with his past few years of work. His strikeout rate dipped slightly from 22.7% in 2021 to 20.7% in 2022, but there were no major changes to his velocity and the lefty walked fewer batters as well (7% in ’22 down from 8.3% in ’21). He did miss a month in July due to a knee strain, and while there’s always some durability concern with a player entering their age-43 season, he’s still made 57 starts in the past two seasons.

Given the state of the Red Sox’ rotation and the fact that Hill lives in the Boston area, it’s no surprise that the two sides are interested in getting a deal done. Nick Pivetta is the most reliable starter under contract for next year, while rookie Brayan Bello showed promise in his 11 starts, but beyond that there’s a lot of uncertainty. Nathan Eovaldi and Michael Wacha combined for 43 starts in 2022, but they join Hill as pending free agents. Former ace Chris Sale is a lock to opt in to the remaining two years, $55MM on his contract (with a $20MM vesting option in ’25), but he’s made just 11 starts in the past three seasons and while he’s expected to be fit for spring training, his injury history is a concern. The team turned to youngsters Garrett Whitlock, Kutter Crawford and Josh Winckowski for starts at points last season, but none is guaranteed to be a rotation option in 2023.

Ultimately, if the Red Sox are looking to compete in a crowded AL East they’ll need to upgrade their rotation. While Hill going into his age-43 season is not the big splash Sox fans may be hoping for, the team will surely need more than one starting pitcher addition, so a reunion with the veteran would solidify the rotation and likely wouldn’t come at a huge financial cost.

Lourdes Gurriel Undergoes Wrist Surgery, Expected To Be Ready For Spring Training

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7:40 pm: Blue Jays general manager Ross Atkins says the surgery is related to Gurriel’s hamate bone, per McGrath.

5:46 pm: Per Kaitlyn McGrath of The Athletic, Blue Jays outfielder Lourdes Gurriel Jr. underwent surgery on his left wrist today. He’s expected to be ready for Spring Training.

Gurriel spent 2022 as Toronto’s primary left fielder, slashing .291/.343/.400 (114 wRC+) in 121 games this season. With just 5 home runs in 2022, Gurriel saw his power evaporate this season. Gurriel had hit at least 11 home runs in every season of his career prior to this year, with 21 homers in 2021 being the most he had hit in a season, and his second time eclipsing 20 home runs in a season. The news that he had been dealing with a wrist issue this season may provide an explanation for this power outage.

While his power dipped in 2022, Gurriel’s season wasn’t a total loss. He still posted the 51st lowest strikeout rate in the majors among hitters with at least 400 plate appearances along with the best wRC+ in a full season of his career, though he fared better during the shortened 2020 season (134 wRC+) as well as during his 84 games played in 2019 (125 wRC+).

Headed into the offseason, Gurriel’s hold on the everyday left field job in Toronto already seemed tenuous, with the outfield being a clear place where the Blue Jays could improve their offense going into 2023. With Gurriel expected to be ready for spring training, there’s little reason to think the surgery changes the front office’s calculus, but it’s still likely that Toronto looks for upgrades at the outfield corners this offseason, with the likes of David Peralta, Joc Pederson, and Mitch Haniger among potential options.

Regardless of any potential additions to Toronto’s outfield, Gurriel will earn $5.4MM for his age 29 season in 2023, the final year of his seven year, $22MM contract with the Blue Jays, after which he will be eligible for free agency.

Ted Leonsis’ Group Emerging As Front-Runner In Nationals’ Ownership Sale

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Six months ago, the Lerner family announced they were exploring the possibility of a sale of the Nationals. As the offseason nears, some clarity has emerged on that process. David Aldridge, Britt Ghiroli and Ken Rosenthal of the Athletic write that a group led by businessman Ted Leonsis is now the “clear front-runner” to eventually take over the Nationals. The Talk Nats blog first reported in late September the Leonsis group had broken through as the most likely party to buy the Nats.

Leonsis is already a key factor in the D.C. sports scene, as his Monumental Sports & Entertainment owns the NBA’s Wizards, the NHL’s Capitals and the WNBA’s Mystics. (The Lerners are a minority owner in that venture). Landing the Nationals would give Leonsis control over the D.C. franchises in three of the four major men’s sports leagues, The Athletic notes, a distinction currently only held by the Kroenke family that owns the Los Angeles Rams, Colorado Avalanche and Denver Nuggets. Leonsis isn’t mounting a solo ownership bid, however. The Washington Business Journal reported in August that private equity businessman David Rubenstein is also part of the group; it is unclear whether anyone else is involved.

Previous reports have also linked South Korean businessman Michael B. Kim and mortgage mogul Stanley Middleman to the sales process. There were reportedly upwards of five bidders in talks with the Lerner family at one point, but The Athletic reports that Leonsis’ group seized control roughly a month ago.

While it appears that Leonsis and company are now in the driver’s seat to push the deal across the finish line, the closing of the sale isn’t imminent. Aldridge, Ghiroli and Rosenthal hear the sale isn’t likely to be finalized before the December 4-7 Winter Meetings in San Diego. That appears to be the more optimistic end of the timetable, as The Athletic writes it’s possible the sale isn’t finished until after the calendar flips to 2023.

As The Athletic notes, Leonsis also controls his own regional sports network, NBC Sports Washington. Monumental Sports & Entertainment had previously purchased 33% of NBC Sports Washington, and it bought out NBCUniversal’s 67% share this past August. Not coincidentally, NBC Sports Washington holds the local broadcasting rights to Capitals, Wizards and Mystics games.

The Nationals’ local broadcasting contract currently runs through the Mid-Atlantic Sports Network, which it shares with the Orioles. The Orioles own approximately 75% of the network, while the Nationals own the remaining share. The two franchises have been embroiled in rights fees litigation for the better part of a decade. The Washington franchise won a major victory in 2019 when an arbitrator ruled the Orioles owed the Nats $105MM. The Baltimore organization appealed that decision, and the matter has still yet to be decided by the New York State Court of Appeals.

While The Athletic notes it’s unclear how or if the sale of the Nationals would affect the MASN dispute, Talk Nats tweeted in August that Leonsis’ group would be interested in reaching a settlement with the Orioles to buy out of the MASN deal. If that did come to pass, the Nationals would presumably then be broadcast on the NBC Sports Washington platform. That’d obviously be a complicated process that requires negotiations with the Orioles, but it does seem to offer a glimmer of hope for a resolution to the saga.

The Lerner family first bought the Nationals in 2006, paying $450MM. The specific prices under consideration in their sale aren’t clear, but Daniel Kaplan of the Athletic wrote last month they were seeking $2.5 billion.

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