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Carlos Estevez

Royals Sign Carlos Estévez

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The Royals and right-hander Carlos Estévez are in agreement on a two-year deal that comes with a club option for 2027. It’s reportedly a $22MM guarantee for the Premier Talent Sports and Entertainment client, which includes a $2MM buyout on the option valued at $13MM. If the Royals exercise the option, the deal would reach $33MM over three seasons. The Royals designated Braden Shewmake for assignment in a corresponding move.

Estévez, 32, spent the first six seasons of his career with the Rockies. Pitching in Coors Field may have masked his talents, as he generally had good strikeout and walk rates but middling run prevention numbers. From 2019 to 2022, his final four seasons in Colorado, he tossed 214 2/3 innings with a 4.28 earned run average, 23.9% strikeout rate and 8.2% walk rate.

Getting away from the mountains has been good for his bottom-line numbers. He signed a two-year, $13.5MM deal with the Angels going into 2023, then was traded to the Phillies at the 2024 deadline. Over those two years, he threw 117 1/3 innings with a 3.22 ERA, 26% strikeout rate and 8.7% walk rate. He has become a bonafide closer in that time as well, racking up 31 saves in 2023 and 26 last year.

His 2024 season was his best yet, in a sense, as his 2.45 ERA was a personal low. However, there was some concern with how he finished. He struck out 25.8% of batters faced with the Angels but just 20.5% of opponents after being flipped to Philadelphia. But that was despite his velocity increasing as the season went along. He also got more ground balls after the deal, with a 25.3% rate as an Angel last year compared to a 43.5% rate with the Phils. In the end, he still managed to have a tidy 2.57 ERA with Philly, racking up six saves.

At the start of the offseason, MLBTR predicted Estévez for a three-year, $27MM deal. It seems the righty has been limited to a slightly lesser guarantee over two years, though he will end up beating that projection if the option is ultimately picked up.

The Royals had a strong rotation last year but their bullpen was less impressive. Their relievers had a collective 4.13 ERA last year, which placed them 20th out of the 30 clubs in the league. They tried to address that at the deadline by adding Lucas Erceg and Hunter Harvey in separate trades. Erceg posted a 2.88 ERA for the club after the deal and then had a 3.00 ERA over six postseason appearances as well. The Harvey acquisition didn’t pay immediate dividends, however, as a back injury limited him to just six appearances as a Royal. He is still under club control for 2025, so the Royals will hope for better health this year.

Though Erceg’s performance made the group look stronger, continuing to add this winter makes sense. That’s especially true with Kris Bubic likely moving to the rotation this year. Time will tell whether they have a preferred closer. As mentioned, Estévez has been closing for the past two years. Erceg recorded 11 saves for the Royals after being acquired, plus three more in the playoffs. Regardless of the roles, Estévez strengthens the relief group overall.

The Royals opened last year with a payroll of $115MM, per Cot’s Baseball Contracts. They are projected by RosterResource to be up to $123MM next year, before accounting for Estévez. They have reportedly been looking for a middle-of-the-order bat. Whether they can find one will likely depend on how much farther they are willing to push the spending.

Estévez received plenty of interest from other clubs this offseason, such as the Reds, Tigers, Cubs, Red Sox, Blue Jays and Yankees. Some of those clubs have since made other moves to address their respective bullpens. For clubs still looking to add relievers, the options have been flying off the board lately. Since the start of January, Chris Martin, Andrew Kittredge, Jeff Hoffman, Caleb Ferguson, Jorge López, A.J. Minter, José Leclerc, Tanner Scott, Paul Sewald, Kirby Yates, Ryne Stanek and Tommy Kahnle have agree to deals of $3MM or more. Ryan Pressly and Taylor Rogers were also traded this week.

Free agency still features players such as David Robertson, Kenley Jansen, Andrew Chafin and others, while guys like Robert Suarez, Ryan Helsley or Camilo Doval might be available on the trading block.

Jon Heyman of The New York Post first reported the Royals and Estévez had a deal. Ken Rosenthal of The Athletic was first with the two-year guarantee and the third-year club option. MLB.com’s Mark Feinsand reported the $22MM guarantee and the $13MM option value.

Tigers Pursuing Relievers With Closing Experience

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The Tigers are interested in adding a late-inning reliever who has experience as a closer, writes Evan Petzold of the Detroit Free-Press. Petzold identifies top unsigned reliever Carlos Estévez as one of a number of bullpen targets in whom the Tigers have shown interest.

Spending on relief pitching has picked up this month. Estévez’s own market has accelerated. Petzold writes that the Tigers are among six teams still in the mix for the hard-throwing righty. USA Today’s Bob Nightengale reported yesterday that the Reds remain in contact with Estévez’s camp. He was also linked to the Cubs — who are themselves evaluating a number of late-game options — last week. The Diamondbacks and Braves are among other teams known to be seeking relief help, though neither has been linked to Estévez specifically.

The 32-year-old has been a reliable back-end option for the Angels and Phillies over the last two years. He turned in a 3.90 ERA with 31 saves and a plus 27.8% strikeout rate for the Halos in 2023. He was off to an even stronger start last year, working to a 2.38 ERA while fanning 25.8% of batters faced through the trade deadline.

Los Angeles dealt Estévez to the Phillies for a pair of well-regarded pitching prospects. His finish in Philadelphia was more solid than great. While he turned in a 2.57 ERA across 21 frames for the Phils, Estévez’s strikeout percentage dropped to a mediocre 20.5% clip. Despite the middling finish, Estévez still has a solid case for a three-year deal in the $30MM range.

Kenley Jansen, David Robertson, Craig Kimbrel and Kyle Finnegan are other free agent relievers with varying degrees of closing experience. (Kirby Yates is also technically unsigned but seems to be headed to the Dodgers.) Jansen and Robertson could command eight-figure guarantees. Finnegan is likely to sign for somewhere below the $8.6MM which he was projected to make in arbitration before he was non-tendered by the Nationals. He should command more than $5MM, though. Kimbrel would be a rebound flier after posting a 5.33 ERA for the Orioles last year.

Petzold writes that the Tigers’ action in the relief market has been held up by Alex Bregman’s extended free agency. Detroit has been one of the top four suitors for the star third baseman. Petzold reported earlier this week that talks were at a “standstill,” though, and the Astros have seemingly made a renewed push to bring him back. That doesn’t mean a move to Detroit is off the table, but it leaves the Tigers in something of a holding pattern.

According to Petzold, the Tigers are unlikely to land Bregman and a top reliever. He suggests they’d be more motivated to spend on a closer if Bregman signs elsewhere, which would lead them to look at a much lower tier of free agent hitter. A few teams have moved to prioritizing the bullpen with the hitting market have slowed down. The Tigers may eventually need to do the same or risk their top relief targets signing while they await Bregman’s decision.

Reds Remain In Talks With Carlos Estevez

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The Reds remain in conversation with Carlos Estévez, according to Bob Nightengale of USA Today. The New York Post’s Jon Heyman first reported earlier this month that Cincinnati had interest in the veteran reliever.

More broadly, MLBTR’s Steve Adams reports that Estévez’s market has picked up this week. While there’s nothing to suggest a deal is imminent, a few teams that have been frustrated with the asking prices on free agent hitters have turned their attention to the bullpen. The relief group lagged the hitting and starting pitching markets for most of the offseason, but that has changed the past two weeks. Chris Martin, Andrew Kittredge, Jeff Hoffman, A.J. Minter, José Leclerc, Tanner Scott and Paul Sewald have all agreed to terms this month. Kirby Yates is reportedly closing in on a deal with the Dodgers, as well.

Estévez is probably the top unsigned reliever. The 32-year-old has been a reliable back-end option for the Angels and Phillies over the last two years. He turned in a 3.90 ERA with 31 saves and a plus 27.8% strikeout rate for the Halos in 2023. He was off to an even stronger start last year, working to a 2.38 ERA while fanning 25.8% of batters faced through the trade deadline.

Los Angeles dealt Estévez to the Phillies for a pair of well-regarded pitching prospects. His finish in Philadelphia was more solid than great. While he turned in a 2.57 ERA across 21 frames for the Phils, Estévez’s strikeout percentage dropped to a mediocre 20.5% clip. Despite the middling finish, Estévez still has a solid case for a three-year deal in the $30MM range.

Cincinnati had a decent relief group in 2024. They ranked 18th in earned run average despite the difficulty of pitching at Great American Ball Park. Reds relievers ranked ninth with a 24.3% strikeout rate. They subtracted one of their top strikeout arms when they dealt Fernando Cruz to the Yankees for backup catcher Jose Trevino. A full season from breakout candidate Tony Santillan could be a major boost in front of closer Alexis Díaz. Veterans Emilio Pagán and Brent Suter are back, as is lefty Sam Moll.

The biggest question is whether the Reds have the payroll space to meet Estévez’s asking price. That seemed unlikely a few weeks ago, as general manager Nick Krall said the team wasn’t working with a ton of financial margin. However, the Reds have subsequently finalized a new television contract to stay on the FanDuel Sports Networks for the 2025 season. Krall said that the TV deal allows the front office to “work a little bit more (than before) in both the free agency and the trade market.” RosterResource calculates the Reds’ player payroll around $106MM, approximately $6MM above where they ended last season.

Cubs Interested In Carlos Estevez, Were Runners-Up For Tanner Scott

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7:15PM: The Cubs’ offer to Scott was a four-year deal worth $66MM, according to Jon Morosi.

5:43PM: Carlos Estevez ranked 22nd on MLBTR’s list of the offseason’s top 50 free agents, making him the top reliever left available on the market now that Tanner Scott, Jeff Hoffman, and Clay Holmes (who signed with the Mets as starter) have found new teams.  As one might expect, Estevez’s “market is intensifying,” MLB Network’s Jon Morosi reports, with the Blue Jays and Cubs among the teams in on the 32-year-old righty.

Toronto’s interest in Estevez was first reported last month, and the Reds, Yankees, and Red Sox have also been linked to Estevez at various points this winter.  The Cubs are a new team in the hunt, adding to the perception that Chicago is willing to be much more aggressive than usual in pursuing relief pitching.

After the Dodgers signed Scott to a four-year, $72MM deal earlier today, ESPN’s Jesse Rogers (multiple links) reported that the Cubs were second in the bidding, with an offer thought to be “in the ballpark” of what Scott received from Los Angeles.  This tracks with the Friday report from Morosi suggesting that the Cubs were one of Scott’s “top remaining suitors,” which was the first time the Cubs had been linked to the southpaw all winter.

Coming even close to a four-year, $72MM offer for a reliever represents a huge sea change in how Chicago usually approaches its bullpen.  President of baseball operations Jed Hoyer has never signed a reliever to a multi-year contract during his four-plus years in charge of the Cubs’ front office, and Hector Neris’ one-year, $9MM pact from a year ago represents the most money Hoyer has given to a relief pitcher.

Improving the relief corps was a stated goal for Hoyer heading into the offseason, and just earlier this week, the PBO stated that the team was still looking to add more to its bullpen.  Chicago’s biggest bullpen acquisitions of the winter have thus far fit Hoyer’s preferred lower-cost models — a one-year, $2.75MM deal with Caleb Thielbar, and trading for Eli Morgan, who will make $950K in 2025 and is arbitration-controlled through 20227.

Porter Hodge looked tremendous in his rookie season, to the point that he took over as the Cubs’ closer down the stretch when the team’s bullpen ranks were reduced by injury.  Hodge will certainly be in the high-leverage mix next year, though having him as a full-time closer could be a lot to ask of a second-year pitcher with just 43 big league innings on his resume.  Adding a veteran reliever with closing experience like Estevez makes a lot of sense for Chicago, even if Estevez might ultimately end up as a setup man if Hodge can handle being the primary ninth-inning option.

MLBTR projected Estevez for a three-year, $27MM contract, though it is unclear what exactly Estevez and his reps at Premier Talent are looking to land in second foray into the open market.  It is safe to say Estevez’s price tag will be much less than Scott’s contract, so if the Cubs were willing to venture into that spending area, Estevez should be well within their price range.  Signing Estevez to something in the range of MLBTR’s projection would also match the $9MM average annual value of the Neris contract, which could be more palatable for Hoyer.

It was two offseasons ago that Estevez signed a two-year, $13.5MM guarantee from the Angels, but it is safe to say his asking price has risen considerably after he established himself as a viable closing candidate.  Estevez has a 3.22 ERA over 117 1/3 innings with the Angels and Phillies over the last two seasons, and the 2024 campaign saw him reduce both his walk rate and (more troublingly) his strikeout rate.  Philadelphia is seemingly taking a less-costly approach to its own bullpen, so there doesn’t appear to be much chance of a reunion between Estevez and the Phillies, plus Hoffman already signed with the Blue Jays.

Krall: New TV Agreement Allows Reds To “Work A Little Bit More” In Free Agent, Trade Markets

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The Reds reached a surprise agreement with Main Street Sports/FanDuel Sports Network (the rebranded entities formerly known as Diamond Sports Group and Bally Sports) yesterday — a one-year cable and streaming rights deal that’ll take care of the team’s broadcasts for the upcoming 2025 season. With Diamond Sports Group in bankruptcy proceedings, the Reds had turned their broadcast rights over to the league (as have several other clubs) in a less-lucrative arrangement. It’s still not clear how much extra revenue Cincinnati will pick up in the wake of this new agreement, but president of baseball operations Nick Krall told the Reds beat yesterday that there will be a positive impact on the team’s payroll, which had been close to maxed out.

“Just getting a little bit more money is great,” Krall stated (link via Gordon Wittenmyer of the Cincinnati Enquirer). “We can work a little bit more in both the free agency and the trade market.”

Reds fans will surely welcome the news of additional resources at the front office’s disposal. Krall didn’t make any definitive statements about what’s to come on the horizon, but it’s a change in tone from last week, when after the Gavin Lux trade he noted that the Reds did “not [have] a ton” of flexibility with regard to the payroll.

At the moment, RosterResource projects the Reds for a $106MM payroll — about a $6MM increase over where they finished the 2024 season. That’s generally been considered the top end of ownership’s range; Krall implied following the Lux acquisition that the inclusion of the team’s competitive balance draft pick in the swap was a creative means of fitting Lux’s modest $3.325MM salary onto the books, as it reduced the Reds’ draft budget. That doesn’t speak to a team with future acquisitions still in the pipeline.

Only time will tell the extent of the impact on Cincinnati’s spending ability. COO Doug Healy somewhat vaguely said the deal “enhances our economics slightly.” Krall’s subsequent comments more clearly suggest that the Reds could squeeze another move out of the unexpected uptick in revenue.

It’d be a major surprise if the Reds suddenly felt emboldened to spend on Anthony Santander or Pete Alonso, even as both reportedly warm to the possibility of shorter-term deals in free agency. They’ve recently been linked to reliever Carlos Estevez and were reported to have had interest in Gleyber Torres before he signed with the Tigers, as well. Wittenmyer writes that despite prior interest in Estevez, the two parties hadn’t talked in “weeks” prior to the new television agreement, as the right-hander was simply out of their price range.

Even if it’s not Estevez specifically, that interest suggests a desire to strengthen the relief corps. With regard to how the market has played out this winter, that’s arguably the “best” need to still have on any team’s to-do list. The relief market has moved slowly compared to other corners of free agency. It’s begun to pick up steam recently, but Estevez is just one of several quality bullpen arms still looking for a new home next year. David Robertson, Kenley Jansen and Kirby Yates are among the highest-profile names available, but the open market also includes names like Kyle Finnegan, Paul Sewald, Phil Maton, A.J. Minter and Tommy Kahnle, among others.

Reds Have Interest In Carlos Estevez

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The Reds are among the teams with interest in free agent reliever Carlos Estévez, reports Jon Heyman of the New York Post. The Blue Jays and Yankees have also been tied to the All-Star righty this offseason.

Estévez is one of the better unsigned relievers. The 32-year-old has been a reliable back-end option for the Angels and Phillies over the last two years. Estévez turned in a 3.90 ERA with 31 saves and a plus 27.8% strikeout rate for the Halos in 2023. He was off to an even stronger start last year, working to a 2.38 ERA while fanning 25.8% of batters faced through the trade deadline.

Los Angeles dealt Estévez to the Phillies for a pair of well-regarded pitching prospects. His finish in Philadelphia was more solid than great. While he turned in a 2.57 ERA across 21 frames for the Phils, Estévez’s strikeout percentage dropped to a mediocre 20.5% clip. Despite the middling finish, Estévez still has a solid case for a three-year deal in the $30MM range.

The relief market has yet to get going in earnest. Tanner Scott and Jeff Hoffman are at the top of the class. Estévez is arguably the #3 free agent reliever, while Kirby Yates and David Robertson will be available on short-term deals at a lofty salary.

Cincinnati had a decent relief group in 2024. They ranked 18th in earned run average despite the difficulty of pitching at Great American Ball Park. Reds relievers ranked ninth with a 24.3% strikeout rate. They subtracted one of their top setup arms when they dealt Fernando Cruz to the Yankees for backup catcher Jose Trevino.

A full season from breakout candidate Tony Santillan could be a major boost in front of closer Alexis Díaz. Veterans Emilio Pagán and Brent Suter are back, as is lefty Sam Moll. The Reds have a few openings in the middle relief group, though. Adding another reliever is sensible, though it’s not clear if there’s room in the budget to make a legitimate push for Estévez. RosterResource calculates Cincinnati’s payroll around $106MM, about $6MM above where they finished last season. After acquiring Gavin Lux from the Dodgers this week, general manager Nick Krall said the front office has “a little bit (of flexibility), not a ton” from a payroll perspective (via Gordon Wittenmyer of the Cincinnati Enquirer).

Red Sox Showing Interest In A.J. Minter

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The Red Sox have had multiple conversations with free agent reliever A.J. Minter this offseason, writes Chris Cotillo of MassLive. Cotillo lists a few other relievers with whom the Sox have had discussions: Carlos Estévez, Tommy Kahnle and Andrew Kittredge. However, he suggests that Boston could be on the periphery of the Estévez market and that “nothing has heated up” in their conversations with Kahnle.

Minter has been linked to the Blue Jays, Rangers and Cubs in recent weeks. Texas has already made a handful of bullpen signings, including last night’s one-year deal with former Boston righty Chris Martin. The Jays and Cubs should still be involved in the relief market. During the season, Minter had expressed some interest in returning to the Braves, though it’s not clear how seriously Atlanta has pushed for a reunion.

The 31-year-old has been one of the game’s more reliable lefty setup arms during his career. Between 2020-23, he combined for a 2.89 earned run average while striking out more than 30% of opposing hitters in more than 200 innings. Minter’s platform year was a little more questionable. He still managed good numbers, turning in a 2.62 ERA with a solid 26.1% strikeout rate. Left hip issues limited him to 39 appearances, though. He underwent surgery that ended his season in the middle of August.

Minter could be ready early in the year, so the injury should not be too detrimental to his market. That said, it may limit him to two years when he seemed on track for a three-year pact earlier in 2024. At the beginning of the offseason, MLBTR predicted a two-year, $16MM deal.

The relief market has moved slowly. Boston’s $10.75MM deal with Aroldis Chapman is one of four eight-figure reliever contracts thus far. The Sox also brought in Justin Wilson on a one-year deal at a low cost ($2.25MM). Minter would complete a trifecta of new southpaws in Alex Cora’s late-inning mix.

Kahnle is a righty who generally fares better against left-handed hitters. That’s a reflection of how often he uses his changeup. Kahnle turned to the “offspeed” pitch more than 70% of the time last season. It’s tough to argue with the results, as he turned in a 2.11 ERA while striking out more than a quarter of opponents across 42 2/3 innings for the Yankees. Kittredge, a righty who leans on his slider roughly half the time, is coming off a strong season for the Cardinals. The 34-year-old worked 70 2/3 innings of 2.80 ERA ball with a league average 23.3% strikeout rate.

Blue Jays Interested In Several Free Agent Relievers

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The Blue Jays had one of baseball’s worst bullpens in 2024, as injuries and under-performance wreaked havoc on what was a solid relief corps as recently as the 2023 campaign.  Toronto’s steps to overhaul the pen have thus far been more focused on subtraction than addition, as the Jays have parted ways with the likes of former closer Jordan Romano, Genesis Cabrera, and Dillon Tate.

While the Juan Soto pursuit has dominated the Jays-related headlines this winter, the club has been actively linked to many players, as has been the standard operating procedure for Ross Atkins during his time as Toronto’s GM.  This includes multiple relief arms, as Sportsnet’s Ben Nicholson-Smith and Shi Davidi report that the Jays “have shown some level of interest” in Carlos Estevez, Kenley Jansen, Andrew Kittredge, Chris Martin, Phil Maton, A.J. Minter, and Paul Sewald.  ESPN’s Jorge Castillo adds that Toronto is also one of the many teams interested in Jonathan Loaisiga.

Davidi and BNS note that the Guardians have shown some interest in some of Toronto’s minor league prospects, leading to some speculation that the Jays could look to bring in local product Josh Naylor, who is known to be available in trade talks.  Speculatively, the Toronto/Cleveland connection might also be related to the Blue Jays’ bullpen search, as the Guards are very deep in relief pitching.

The sheer volume of names under consideration isn’t really all that unusual, considering how most teams take a broad view of the ever-shifting bullpen market.  As Davidi and Nicholson-Smith note, the Jays have rarely invested much in relief pitching during Atkins’ tenure, and most of the relievers listed would likely be available on shorter-term deals.  Turning to MLBTR’s ranking of the offseason’s top 50 free agents, Estevez (22nd, projected for three-year, $27MM contract), Minter (34th, two years/$16MM), and Kittredge (40th, two years/$14MM) were the only ones to make the list.

Going beyond their usual comfort zone to sign Estevez might reflect the Blue Jays’ greater need for bullpen help, as non-tendering Romano left a big vacancy in the closer’s role.  Chad Green looks like the favorite for saves at the moment, but signing Estevez would push Green back to a setup job and create a clearer bullpen hierarchy.

Jansen, of course, is far and away the most established closer of the group, with 447 saves over his standout 15-year career.  Though Jansen is entering his age-37 season, he is coming off yet another strong performance in posting a 3.29 ERA and 27 saves over 54 2/3 innings with the Red Sox in 2024.

Sewald had seemingly established himself as a solid closer with the Mariners and then the Diamondbacks, and even got off to a hot start in 2024 before running into injuries and a very rough stretch that cost him his ninth-inning role in Arizona.  Better health and a change of scenery could very well spark a return to form for Sewald, making him perhaps a bit of an underrated candidate for teams in need of saves.

Yankees Interested In Carlos Estevez

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The Yankees are casting a wide net in their search for relief pitching, including some of the names in the top tier of the free agent bullpen market.  MLB Network’s Jon Morosi writes (X link) that Carlos Estevez is one of the relievers the Yankees are looking at, on the heels of Estevez’s 26-save season with the Angels and Phillies.

Estevez collected his share of saves as a high-leverage member of the Rockies’ bullpen from 2016-22, but he didn’t become a full-time closer until 2023, after he’d signed a two-year, $13.5MM contract with the Angels in his previous trip to the open market.  Estevez racked up 31 saves in his first season in Los Angeles while posting a 3.90 ERA over 62 1/3 innings, and followed that up with a 2.38 ERA over 34 frames this year before the Angels sent him to Philadelphia at the trade deadline.  The bottom-line result of a 2.57 ERA over 21 innings with the Phils was still impressive, though Estevez had diminished strikeout and walk rates following the trade.

All in all, the right-hander delivered a 2.45 ERA across 55 innings, with an excellent 5.7% walk rate.  The Statcast metrics revealed a few more red flags than red data points, as Estevez’s strikeout rate was barely above league average, and his barrel and hard-hit ball rates were both quite poor.  A .229 BABIP might be the key stat of Estevez’s season, and while his 3.57 SIERA was still respectable, the number is over a run higher than his actual ERA.

Then again, perhaps Estevez was due a bit of balance considering that he entered the season with a career .320 BABIP.  The righty’s career strikeout numbers have tended to fluctuate since Estevez isn’t good at getting batters to chase outside the zone, yet he still possesses plenty of velocity in his 96.8mph fastball.  Estevez has relied heavily on that pitch over his career, though his slider and changeup were also plus pitches in 2024.

MLBTR ranked Estevez 22nd on our list of the winter’s top 50 free agents, projecting a three-year, $27MM deal for the reliever as he enters his age-32 season.  Naturally Estevez figures to get plenty of attention from teams that need a proper closer, yet the Yankees technically have that position addressed after Luke Weaver’s late-season emergence.  It makes sense that New York would seek out a more proven closer in case Weaver comes back to earth, or perhaps if the Yankees want to use Weaver in more of a situation role than strictly as a ninth-inning specialist.

Phillies Acquire Carlos Estevez

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The Phillies are acquiring right-hander Carlos Estevez from the Angels, according to The Athletic’s Ken Rosenthal. ESPN’s Jeff Passan reports that the Phillies are sending pitching prospects George Klassen and Samuel Aldegheri to Anaheim in return for Estevez. Both teams have since announced the trade.

Estevez, 31, first joined the Angels on a two-year deal prior to the 2023 season on the heels of a breakout season with the Rockies where he posted a 3.47 ERA despite playing half his games at Coors Field. It’s a deal that’s gone quite well for Anaheim, as the righty was an All-Star in 2023 with a sterling 1.80 ERA in the first half last year. Estevez’s overall season numbers took a dive after he struggled badly to a 6.59 ERA with a 4.46 FIP in 27 1/3 innings of work after the All-Star break last year, but he’s rebounded in a big way in 2023 to become one of the most attractive rental relief arms on the market.

This year, Estevez has collected 20 saves as the Angels’ closer in 34 innings of work while posting a strong 2.38 ERA in that time. While his 25.8% strikeout rate actually comes in a tad below his 27.8% figure from last year, he’s taken a major step forward in terms of command this year. After walking 11% of batters faced last season and entering the 2024 campaign having offered free passes to 9.3% of opponents in his career, Estevez has cut his walk rate to a clip of just 4% this year.

In conjunction with just three home runs allowed this season, it’s left the right-hander with a strong 2.85 FIP, a 2.67 xERA, and a 3.35 SIERA that all indicate he’s been one of the league’s best late-inning relief arms.

In trading for Estevez, the Phillies have not only replaced right-hander Seranthony Dominguez in their bullpen after shipping him to Baltimore yesterday in order to acquire outfielder Austin Hays, but they’ve found a bonafide closer to pitch the ninth inning after the struggles of southpaw Jose Alvarado left him replaced by right-hander Jeff Hoffman in recent weeks. The addition of Estevez should allow Alvarado, Hoffman, and lefty Matt Strahm to pitch in leverage spots earlier in games, deepening a bullpen that has posted a middling 3.96 ERA (16th in the majors) this year as the club gears up for a playoff run.

In return for Estevez’s services, the Phillies are sending a pair of pitching prospects to the Angels. Both rank within the top ten of the Philly system as of Baseball America’s most recent update, with Klassen ranked fifth in the system while Aldeghri currently ranks seventh. Klassen in particular was highlighted by BA’s Josh Norris earlier this month as a notable riser in the club’s system following his promotion to High-A earlier this year. The club’s sixth-round pick in the 2023 draft, the 22-year-old dominated Single-A pitching to the tune of a 0.71 ERA in nine starts prior to his promotion. While he’s struggled a bit more following his move to the next level with a 4.22 ERA in five starts, he’s still striking out an impressive 35.2% of batters faced even in High-A. A 10% walk rate raises some mild control concerns, but it’s easy to imagine the righty moving quickly through an Angels organization that tends to be aggressive in promoting youngsters.

As for Aldegheri, the lefty signed out of Italy with the Phillies back in 2019 but has raised his stock somewhat this year in 78 innings split between the High-A and Double-A levels. The 22-year-old sports a 3.23 ERA on the year with an excellent 34% strikeout rate against a 10% walk rate across fifteen starts. While BA suggests that the lefty lacks an obvious plus pitch, solid command and a five-pitch mix could nonetheless make him a viable starter in the big leagues. The pitching-heavy return for Estevez should be helpful for an Angels club that lacks much certainty in the rotation going forward, especially if veteran southpaw Tyler Anderson is also dealt before the deadline.

Photo courtesy of USA Today Sports Images

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