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Giants Designate Trevor Gott For Assignment

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The Giants have designated reliever Trevor Gott for assignment, per Kerry Crowley of the Bay Area News Group (Twitter link). The move clears space on the 40-man roster for the signing of Aaron Sanchez, whose one-year deal has been made official.

Gott is a bit of a surprising cut after San Francisco signed him to a $700K contract to avoid arbitration last November. Acquired from the Nationals in a minor trade before 2019, Gott looked like a potential long-term bullpen piece after his first season in the Bay Area. He tossed 52.2 innings of 4.44 ERA/3.73 SIERA ball with better than average strikeout (26.6%) and walk (7.9%) rates in 2019. Unfortunately, the wheels fell off last season, with Gott coughing up 13 runs (including a staggering seven homers) over 11.2 innings with eight strikeouts and walks apiece.

The Giants will now have a week to trade Gott, release him or place him on outright waivers. Brutal 2020 notwithstanding, it’s plausible he could attract interest from another club. In addition to his solid performance in 2019, Gott averaged a strong 95.4 MPH on his fastball last season. As a player with three-plus years of MLB service, a potential acquiring team would pick up three seasons of team control via arbitration.

If no other team acquires Gott, he’d be entitled to thirty days’ termination pay (roughly $112K) as a player cut within the first half of spring training. Unlike the vast majority of MLB contracts, most arbitration deals aren’t fully guaranteed until Opening Day.

Giants Sign Aaron Sanchez

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FEBRUARY 21: The deal has been made official. The incentive structure breaks down as follows (per Maria Guardado of MLB.com): $250K apiece for reaching 16 and 18 starts, $500K each for starting 20, 22, 24 and 26 games.

FEBRUARY 17: The Giants have reached an agreement to sign righty Aaron Sanchez, reports Susan Slusser of the San Francisco Chronicle.  It’s a $4MM deal with another $2.5MM in incentives, adds Slusser.  Sanchez is represented by the Boras Corporation.

Sanchez, 28, was drafted 34th overall out of high school by the Blue Jays back in 2010 as a supplemental pick for the loss of free agent Marco Scutaro.  He was still a few weeks shy of his 18th birthday upon being drafted.  Sanchez’s path from Barstow, California to being drafted by the Jays was chronicled in this excellent read from Stephen Brunt of Sportsnet.ca a few years back.

Sanchez’s prospect status climbed as he ascended through the minors, with Baseball America praising his “premium velocity with an effortless delivery.”  The Blue Jays eased Sanchez into the Majors in 2014 via the bullpen, and he even picked up three saves in his 24 appearances that year.

Marcus Stroman’s unfortunate ACL tear paved the way for Sanchez to make the Jays’ rotation out of camp in 2015, but after a summer lat strain that year he returned to the ’pen.  The following year Sanchez again won the team’s fifth starter job out of spring training, and this time he ran with it.  2016 still stands as the best year of Sanchez’s career, as he posted a 3.00 ERA in 192 innings, making the All-Star team and finishing seventh in the AL Cy Young voting.  In a year where the average starting pitcher managed a 20.2 K% and 7.7 BB%, Sanchez fell right around those marks at a 20.4 K% and 8.0 BB%.  He did succeed in limiting exit velocity and keeping the ball on the ground.  Despite concerns about Sanchez’s workload, which wound up increasing more than 100 innings over the prior year, the Blue Jays couldn’t bring themselves to pull him from the rotation despite a yearlong flirtation with the idea.

Sanchez would be limited to just eight starts in 2017 due to a blister/split fingernail that required four separate IL stints.  Further finger issues held him to 20 starts in 2018, culminating in season-ending surgery.  Sanchez battled through similar issues in 2019, making 27 starts on the season but averaging fewer than five innings per turn.  Sanchez was not able to replicate his previous success, posting a 5.45 ERA, lackluster 18.6 K%, and unfortunate 11.7 BB% across 2018-19.  By the 2019 trade deadline, the Blue Jays had seen enough, trading Sanchez to the Astros with Joe Biagini and Cal Stevenson for Derek Fisher.  Fisher’s Jays story coincidentally came to an end this week with a trade to the Brewers.

While it was thought that the Astros might work magic with Sanchez’s curveball and its 91st percentile spin rate, especially after his debut for the club was the first six innings of a combined no-hitter, the righty quickly went down for shoulder surgery and was non-tendered after the 2019 season.  Sanchez wasn’t heard from again until October 2020, when he held a showcase for 20 teams in Miami.  Agent Scott Boras would go on to boast of a 2,700-2,800 RPM fastball, speaking of Sanchez’s intent to work as a starter in 2021.  Sanchez must have shown well at a second showcase held this month, given the $4MM contract with the Giants.  Indeed, Slusser notes that “the Giants have been paying attention to [Sanchez] all off season and took especial notice last week, when Sanchez hit 98 mph in a bullpen session.”  Here’s the proof of that from Sanchez’s Instagram.

After another reclamation project gone well, Kevin Gausman, accepted his $18.9MM qualifying offer, the Giants went to work on their rotation this winter by adding Anthony DeSclafani  for $6MM (a teammate of Sanchez’s on the 2012 Lansing Lugnuts) and Alex Wood at $3MM on one-year free agent contracts.  While Sanchez will presumably round out the team’s starting five, no team is getting by with five starters – not this year, and not with this group.  The club also added Nick Tropeano on a minor league deal today, and Logan Webb figures to be in the mix as well.  Tyler Beede is expected to become an option around May after recovering from Tommy John surgery.

With pitchers and catchers already starting to report to spring training, there are still several rotation-worthy starting pitchers on the free agent market, including Jake Odorizzi, Taijuan Walker, Rick Porcello, Cole Hamels, and Mike Leake.  It’s been an odd winter for starting pitching.  Aside from Trevor Bauer, who signed for three years and $102MM, no starting pitcher has landed as much as $20MM.  The last time fewer than three starting pitchers received a $20MM guarantee in an offseason was 2009-10,  when only John Lackey and Randy Wolf achieved it.

Ian Desmond Opts Out Of 2021 Season

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Rockies outfielder Ian Desmond is opting out of the 2021 season, at least temporarily. He made the announcement on his Instagram page (h/t to Robert Murray of FanSided).

“Over the last few months, I’ve had tough conversations. I’ve asked a lot of questions and done a lot of thinking. For now, I’ve decided to opt out of the 2021 season. My desire to be with my family is greater than my desire to go back and play baseball under these circumstances. I’m going to continue to train and watch how things unfold,” Desmond wrote as part of his statement.

Desmond also opted out of the 2020 season amidst concerns over COVID-19. Doing so meant forfeiting the prorated portion of his $15MM salary last year. Now in the final guaranteed season of his contract, Desmond would’ve been in line for an $8MM salary this season. The well-respected veteran will instead exercise his right to step away from the game. His statement leaves open a potential return later in the season, but it’s certainly possible this marks the end of Desmond’s tenure in Colorado. His contract contains a $15MM club option for 2022, but that’ll certainly be bought out, even if Desmond returns to the field at some point this year.

As Joel Sherman of the New York Post points out (on Twitter), the Rockies are the only team in the league not to have signed a major league free agent this offseason. It remains to be seen whether the club plans to reinvest Desmond’s forfeited salary elsewhere on the roster. His departure will open a spot on the Rockies’ 40-man roster, which was previously full.

Over twenty players stepped away from the sport last season. With COVID-19 rates in many parts of the United States higher now than they were last summer, it’s possible other players share Desmond’s concerns about returning to the field at this time.

NL West Notes: Casali, Vogt, D’Backs, Tatis

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Curt Casali’s offseason negotiations with the Giants were interrupted by a surgery, as Casali underwent a hamate bone procedure on his left hand in December.  The catcher told MLB.com’s Maria Guardado and other reporters that he suffered the injury while playing for the Reds in the postseason and initially planned to just rehab the issue before opting for surgery.  There was already a verbal agreement in place between Casali and the Giants prior to his surgery, and once the Giants were satisfied about Casali’s health, the two sides officially finalized a one-year, $1.5MM deal in early January.

In a nod to Casali’s recovery, he said the contract contains a $500K bonus if he makes the Opening Day roster.  He fully expects to be ready, as he has been playing catch and taking swings already in camp, though Casali has yet to get behind the plate for a bullpen session.  The seven-year MLB veteran is slated to work as Buster Posey’s chief backup this season, and San Francisco also has Chadwick Tromp and top prospect Joey Bart waiting in the minors as further catching depth.

More from the NL West…

  • Stephen Vogt tested positive for COVID-19 and has yet to arrive at Diamondbacks camp, manager Torey Lovullo told The Athletic’s Zach Buchanan (Twitter link) and other reporters.  It isn’t known if Vogt might be available or if he is suffering any symptoms, though Lovullo did bring some lightness to the situation by mentioning that Vogt was practicing his putting stroke in his kitchen while having a FaceTime conversation with Lovullo.  Vogt made 20 starts at catcher and 26 appearances overall in 2020, which was enough (in prorated fashion) for his $3MM vesting option for 2021 to become guaranteed, and unlock a further $500K in salary.  Carson Kelly will serve as Arizona’s starting catcher with Vogt slated for backup duty, and star prospect Daulton Varsho and veteran Bryan Holaday are also in camp as possible options if Vogt has miss any time.
  • The Diamondbacks have continued pay cuts for employees throughout the organization, FanSided’s Robert Murray reports.  The cuts have impacted both the baseball operations and business departments, and while the D’Backs are reportedly waiting on their 2021 revenue situation before restoring full salaries, they “are believed to be one of the only teams in baseball still implementing pay cuts to employees.”  Nick Piecoro of the Arizona Republic reports that most of the salary cuts are in the range of 10 percent or less, after the organization cut remaining salaries by an average of 15 percent last year after furloughing or laying off over a quarter of its staff.  The cuts operate on a sliding scale, so higher-paid employees like team president/CEO Derrick Hall and general manager Mike Hazen are thought to have taken the largest salary reductions.
  • Fernando Tatis Jr.’s 14-year, $340MM extension with the Padres represents not just a huge payday for the star shortstop, but also for Big League Advance firm, Jeff Sanders of the San Diego Union-Tribune writes.  Tatis is the most prominent of the 344 players who have signed with BLA since the company was founded by former Phillies right-hander Michael Schwimer in 2016, with BLA offering these players a $50K advance — up to a $500K maximum — in exchange for one percent of any future earnings derived from baseball contracts (not non-baseball income like endorsement deals).  It isn’t known how many advances Tatis received, but even a single $50K advance would result in a $3.4MM return on investment for Schwimer’s firm, and BLA would earn $34MM if Tatis took the full $500K advance.  While striking big on a future star like Tatis is obviously good news for Big League Advance, Schwimer is pleased at how his company has helped many players through the low-paying struggle faced by many minor leaguers, including Schwimer himself during his six pro seasons.  “Fernando’s deal is what everyone wants to talk about, but nobody wants to think of the literal dozens of players that we’ve invested in that are no longer in baseball,” Schwimer said.  “Players that without us, who knows what situation they’d be in….And now with us, in some cases, they have hundreds of thousands of dollars. They can go back to school, start their second chapter.”

2021 Arbitration Hearing Results & Post-Deadline Agreements

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January 15 was the deadline for teams and arbitration-eligible players to officially submit salary figures for the 2021, and by the time the day was done, only 13 players didn’t reach agreement on a contract.  The majority of teams now adhere to the “file or trial” strategy, meaning that no further negotiations on a one-year deal will take place between the arbitration deadline and a hearing with an arbiter, which theoretically puts pressure on players to get a deal done if they are wary about taking their case to a third party.

“File and trial” tactics didn’t stop the Astros and Carlos Correa from agreeing to a one-year deal for just the 2021 season, which is also Correa’s last year before gaining free agent eligibility.  We also saw three multi-year deals reached, all from the greater Los Angeles area — the Dodgers reached two-year deals with Walker Buehler and Austin Barnes, while the Angels inked a two-year pact with Shohei Ohtani.

This left nine unresolved cases that went all the way to a hearing (held over Zoom) between an arbiter, the player, his representative(s), and front office personnel arguing the team’s side.  The teams won five of the nine hearings, continuing the very narrow edge teams have held over players in arb cases in recent years — over the last 99 arbitration hearings, teams hold a 51-48 record over players.

For the full list of every salary for every arbitration-eligible player this offseason, check out the MLB Trade Rumors Arb Tracker.  Sticking to the 13 players with unresolved cases from January 15, here’s the rundown…

Avoided Arbitration, One-Year Contract

Avoided Arbitration, Multi-Year Contract

Arbitration Hearings, Won By Player

Arbitration Hearings, Won By Team

Giants Sign Shun Yamaguchi

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8:13PM: The Giants officially announced Yamaguchi’s signing.

10:44AM: The Giants and right-hander Shun Yamaguchi are in agreement on a contract, per Susan Slusser of the San Francisco Chronicle (via Twitter). The deal is likely to be a split Major League/minor league contract, notes Slusser.

Yamaguchi figures to come with minimal financial risk for the Giants, as the Blue Jays are on the hook to pay him $3.175MM for the 2021 season. The Blue Jays recently released the Japanese right-hander to clear room on their 40-man roster for waiver pickup Joel Payamps.

The 33-year-old pitched for 14 seasons in Japan where he owns a 3.35 ERA over 427 games, which included 50 starts and 191 games finished. He signed a two-year, $6.35MM deal to join Toronto ahead of the 2020 season. The transition did not go as planned, however, as Yamaguchi pitched to a 8.06 ERA/6.43 FIP over 25 2/3 innings out of the bullpen with substandard strikeout (21.7 percent) and walk rates (14.2 percent).

NL Central Notes: Rodriguez, Carpenter, Farmer

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There is plenty of opportunity for hurlers to win jobs on the rebuilding Pirates’ pitching staff, and The Athletic’s Rob Biertempfel (subscription required) breaks down the full list of arms in Pittsburgh’s Spring Training camp.  This isn’t to say that the Bucs are entirely done making moves, however, as Biertempfel names Richard Rodriguez the “Pirates reliever most likely to be traded this spring.”

Since signing with Pittsburgh prior to the 2018 season, Rodriguez has posted very strong numbers — a 3.02 ERA, and an above-average 28.16K% and 7.15BB% over 158 relief innings.  Home runs have been an issue (1.3 HR/9) and Rodriguez’s hard-contact numbers were among the worst in baseball last season, though he also has some elite (96th percentile) fastball spin.  Rodriguez turns 31 in March, but he is controlled through the 2023 season via arbitration, and is set to earn a modest $1.7MM this season.  There hasn’t been any public trade speculation about Rodriguez during the offseason to date, yet considering how the Pirates are open to discussing virtually player in the organization, it seems likely some teams have already been in touch about Rodriguez.  More talks could develop as Spring Training continues and clubs get a clearer sense of their bullpen needs.

Some more items from around the NL Central…

  • Matt Carpenter will not be spending time in the outfield this season, Cardinals manager Mike Shildt told Jeff Jones of the Belleville News (Twitter link) and other reports. Now that Nolan Arenado and Paul Goldschmidt are entrenched at Carpenter’s usual corner infield positions, there has been some speculation that the Cardinals could look for other ways to get his bat in the lineup. Since the outfield is a non-starter for Carpenter and NL teams won’t have a designated hitter spot, this leaves either a second base platoon with Tommy Edman or bench duty for the 35-year-old Carpenter.  The three-time All-Star has seen a steep decline at the plate over the past two seasons, and 2021 looms as Carpenter’s final year in St. Louis — the Cardinals have an $18.5MM club option for 2022 that seems almost sure to be bought out unless Carpenter has a major rebound.
  • Kyle Farmer was keeping one eye on baseball Twitter this offseason to see if the Reds would sign a shortstop, he told the Cincinnati Enquirer’s Bobby Nightengale and other reporters, since Farmer was preparing to take a shot at the position himself.  After playing just one game at shortstop over his first three seasons, Farmer made 15 appearances as a shortstop in 2020, and still remains in the mix for at least semi-regular work among a group that also includes Kyle Holder, Dee Strange-Gordon, and Max Schrock.  (Jose Garcia is one of the few pure shortstops on the roster, though he is set to begin the season in the minors.)  Farmer lost 10 pounds and overhauled his swing this offseason in his bid to prove himself worthy of regular playing time, though his multi-position versatility already makes him a strong candidate for a roster spot.

Cubs Designate Phillip Ervin

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The Cubs have designated outfielder Phillip Ervin for assignment.  The move opens up a roster spot for Jake Marisnick, whose signing is now official.

This is the third DFA in less than six months for Ervin, who was first designated by the Reds at the end of August and then claimed by the Mariners.  The Cubs then claimed Ervin off Seattle’s waiver wire in December.  Since Ervin is out of minor league options, it’s possible he could be a frequent visitor to DFA limbo over the course of the 2021 season.

Selected 27th overall in the 2013 draft, Ervin didn’t blossom into an everyday regular in Cincinnati but he did contribute a solid .262/.326/.438 slash line over 571 plate appearances from 2017-19.  He badly struggled last season, however, hitting just .149/.292/.189 over 89 PA with the Reds and Mariners.  This included a brutal coda to Ervin’s tenure in Cincinnati, as he collected only three hits in his last 42 PA in a Reds uniform.

Ervin has hit well against left-handed pitching in his career and he can play all three outfield positions, though the Cubs seem to have tabbed Marisnick (who signed a Major League contract) as their top choice for the fourth outfielder role.  With Cameron Maybin also back on a minor league deal, Ervin looks like the odd man out of the right-handed hitting outfielder mix.

Cubs Sign Jake Marisnick

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TODAY: Marisnick’s deal has been officially announced.

FEB. 11, 9:12am: Marisnick and the Cubs have agreed to a one-year Major League deal with a mutual option for the 2022 season, tweets MLB Network’s Jon Heyman. The contract guarantees Marisnick $1.5MM. USA Today’s Bob Nightengale tweets that the guarantee will be paid out in the form of a $1MM salary in 2021 and a $500K buyout on a $4MM mutual option. He can earn another $500K in 2021 via incentives, Heyman adds.

8:15am: The Cubs and free-agent outfielder Jake Marisnick are in agreement on a contract, Jon Morosi of MLB.com reports (via Twitter). Marisnick is represented by Reynolds Sports Management.

Jake Marisnick | Gregory Fisher-USA TODAY Sports

Marisnick, 30 in March, has spent the bulk of his career with the Astros but was with the Mets in 2020. A pair of hamstring injuries limited the fleet-footed outfielder to just 16 games, although Marisnick was quite productive in his tiny sample of 34 plate appearances, hitting .333/.353/.604 with a pair of homers and three doubles.

That level of production, of course, shouldn’t be expected moving forward. Marisnick has been a below-average hitter for most of his time in the Majors, though he’s offset that sub-par bat with well above-average speed and excellent glovework. Over the past four years he’s a .234/.297/.441 hitter overall, though he’s fared better when facing left-handed pitching (.247/.313/.443).

Marisnick’s speed was down a bit in 2020, though the pair of hamstring strains surely contributed to that fact. Statcast measured his sprint speed at 29.2 feet per second from 2016-19 but had him down to 28.2 last year. That still ranked in the 84th percentile of MLB players, however, and Marisnick typically sits in the 94th percentile or better with those wheels. He also ranked among the 20 best outfielders in the game in Statcast’s Outs Above Average each year from 2016-19, and he’s been viewed as a similarly elite defender by Defensive Runs Saved and Ultimate Zone Rating.

The Cubs already had a right-handed-hitting option to platoon with fellow newcomer Joc Pederson and right fielder Jason Heyward in the form of Phil Ervin, so it’s possible Marisnick will bump him out of the plans. Ervin is a much better hitter against lefties than Marisnick but doesn’t stack up as well defensively. Chicago could certainly carry both players on the roster and more aggressively utilize a platoon setup in the outfield. At the time of the Pederson signing, it was reported that he’d be given near-everyday at-bats, although playing him against lefties would mitigate much of his value.

However it shakes out, the Cubs are a much better defensive team now with Marisnick on board. Somewhat amusingly, they’ve also now in effect swapped fourth outfielders with the Mets. Albert Almora Jr., non-tendered by the Cubs earlier in the winter, signed with New York this past week.

Mets Sign Taijuan Walker

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TODAY: The Mets have officially announced Walker’s deal.  Noah Syndergaard has been placed on the 60-day injured list to open up a roster space for Walker.

FEB. 19, 8:14am: It’s a two-year, $20MM deal with a player option for a third season, Joel Sherman of the New York Post reports (Twitter links). The deal, which is still pending a physical, will pay Walker $10MM in 2021 and $7MM in 2022. The player option is at a base of $6MM and can rise to $8.5MM via escalator clauses based on Walker’s performance. There’s a $3MM buyout on the option, should Walker decline, making for a total of $20MM in guarantees.

7:04am: The Mets and free-agent right-hander Taijuan Walker have agreed to terms on a contract, tweets SNY’s Andy Martino. The Excel Sports client will step into the rotation alongside Jacob deGrom, Carlos Carrasco, Marcus Stroman and David Peterson.

Taijuan Walker | Timothy T. Ludwig-USA TODAY Sports

Heading into his age-28 season, Walker was the youngest established starter available in free agency. The former top prospect made his big league debut with the Mariners just two weeks after his 20th birthday back in 2013 and solidified his place in the Seattle rotation in 2015 at 22 years of age. The M’s traded Walker to the D-backs in a high-profile 2016 deal also including Ketel Marte, Jean Segura and Mitch Haniger, and he went on to have his best season in 2017: 157 1/3 innings of 3.49 ERA ball.

Walker went down with a torn ulnar collateral ligament in 2018, however, and the resulting Tommy John surgery wiped out nearly his entire season. He was on the comeback trail in 2019, but those efforts were derailed by a strained shoulder capsule that limited him to one inning. After pitching a combined 14 innings in 2018-19, Walker was non-tendered by the D-backs and returned to the Mariners on a low-cost, one-year deal in free agency.

The signing worked out well for the Mariners, who parlayed five solid starts from Walker into a deadline trade with the Blue Jays that netted outfield prospect Alberto Rodriguez (currently Seattle’s No. 24 prospect at Baseball America). Walker made six starts with the Blue Jays and pitched to a pristine 1.37 ERA with a 25-to-11 K/BB ratio over the life of 26 1/3 innings.

Overall, Walker’s 2.70 earned run average in 53 1/3 innings last year looked quite sound. However, despite that impressive mark, his age and his former top prospect pedigree, Walker appears to have had a difficult time finding a club willing to meet his asking price this winter. There’s likely some good reason for that, as once looking past the ERA, the numbers aren’t nearly as appealing.

On his way to that 2.70 ERA, Walker benefited from a .243 average on balls in play and a slightly elevated 78.5 percent strand rate. His 22.2 percent strikeout rate was below the league average, as was his 39.1 percent ground-ball rate. The righty’s 93.5 mph average heater was down from its 95.1 mph peak, and his swinging-strike rate was among the lowest in the league (13th percentile, per Statcast). Fielding-independent marks like SIERA (4.60) and Statcast’s xERA (4.87) aren’t as bullish on Walker, who averaged just 4 2/3 innings per start in 2020.

Add in the elbow and shoulder injuries in 2018-19, and some trepidation from interested teams is understandable — but only to an extent. We’ve seen the free-agent market regularly pay upwards of $10-12MM per year on mutli-year deals to fourth starter types, and Walker ought to be at least that moving forward. His prospect pedigree, youth, velocity and raw stuff give him the upside to become quite a bit more than that as well.

With the Mets, Walker needn’t perform like anything more than a fourth starter, thanks to the talent they already have atop their starting staff. Of course, if he does take a step forward and pitch closer to last year’s ERA marks, an already impressive rotation will only look all the more formidable. With the newest agreement in place, the Mets have an enviable quintet of deGrom, Carrasco, Stroman, Walker and Peterson. Beyond that looms the return of Noah Syndergaard, who’ll ideally be ready for a summer return following his own Tommy John surgery last May.

Unlike in 2020, that group is backed up by considerable depth. Joey Lucchesi, Jordan Yamamoto, Sean Reid-Foley and Sam McWilliams were added to the 40-man roster via trade and free agency this winter, and prospects Franklyn Kilome and Thomas Szapucki will be able to work toward minor league readiness in a game setting. The Mets also added lefty Mike Montgomery and righty Jerad Eickhoff on minor league deals, and it’s conceivable that they could yet bring in some additional non-roster depth in Spring Training.

While it may not be quite the offseason Mets fans envisioned, it’s hard to look at the current roster and consider the offseason anything other than a substantial step in the right direction. New York’s marquee acquisition of Francisco Lindor and Carrasco will go down as its largest strike of the offseason, with free-agent acquisitions of Walker, James McCann, Trevor May, Jonathan Villar, Kevin Pillar, Aaron Loup and Albert Almora have deepened the roster.

The Mets didn’t shatter the luxury tax threshold as many expected when Steve Cohen purchased the team — they’d have done so had their near-deal with Trevor Bauer been completed — but Walker’s deal pushes their baseline payroll and their luxury-tax ledger both just shy of $200MM. It’s a franchise record for Opening Day payroll by a magnitude of roughly $40MM, setting the tone for future offseasons under Cohen’s ownership.

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