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12 Players Reject Qualifying Offers

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Twelve of the 14 players who received qualifying offers have rejected those one-year, $19.65MM contracts in favor of testing the open market, tweets Mark Feinsand of MLB.com. Martin Perez and Joc Pederson are the only two who accepted a QO. Each of Aaron Judge, Trea Turner, Xander Bogaerts, Dansby Swanson, Jacob deGrom, Carlos Rodon, Brandon Nimmo, Willson Contreras, Anthony Rizzo, Chris Bassitt, Nathan Eovaldi and Tyler Anderson have rejected the deal. Anderson is already in agreement on a three-year contract with the Angels.

None of the news is all that surprising, aside from perhaps Anderson’s early multi-year strike with the Halos. Perez and Pederson were two of the three most likely candidates to take the QO. That the Giants tagged Pederson at all was a move few saw coming, and most believed he’d indeed take the QO once it was put forth.

None of Judge, Turner, Bogaerts, Swanson, deGrom, Rodon, Nimmo, Bassitt or Contreras likely gave much thought to the possibility. Eovaldi and Rizzo were more borderline candidates, but the latter quickly returns to the Yankees on a multi-year deal that’ll pay him around the QO rate over two guaranteed seasons. Eovaldi has yet to sign, but he’ll presumably continue to search for a longer-term contract after taking advantage of the five days to scour the market.

The clubs that saw a free agent decline a qualifying offer now stand to receive draft compensation if that player signs elsewhere. The value of the compensatory pick depends on a team’s status as a revenue sharing recipient and/or whether they paid the luxury tax in 2022. That’s also true of the draft choices and potentially international signing bonus space a team would have to forfeit to sign a qualified free agent from another team.

MLBTR’s Tim Dierkes broke down the forfeiture each team would have to surrender to sign a qualified free agent earlier this month. MLBTR’s Mark Polishuk looked at the compensation each club would receive if one of these players signed elsewhere.

Rangers Interested In Top Free Agent Starting Pitchers

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At the GM Meetings in Las Vegas, Rangers general manager Chris Young recently spoke with the media, including Evan Grant of The Dallas Morning News, and said the club is going to explore all areas of the starting pitching market. Jon Heyman of the New York Post mentions some discussions between the Rangers and Jacob deGrom, while Jon Morosi of MLB Network also mentions deGrom, in addition to Carlos Rodon and Kodai Senga.

It’s hardly a surprise that the rotation will be a focus going forward, given that it was an obvious weakness in 2022. Texas starters posted a collective 4.63 ERA this year, placing them 25th in the majors in that regard. They got some decent work from Jon Gray and a career year from veteran Martin Perez, though Perez has now reached free agency and deprived the already-weak rotation of its strongest performer. There’s reportedly mutual interest in a reunion, with he and the club reportedly discussing multi-year pacts. But nothing has been finalized and he has now officially received a $19.65MM qualifying offer.

The club has already made one move to fortify the starting corps, acquiring Jake Odorizzi from Atlanta yesterday. Odorizzi hasn’t been great over the past three years, but he seems plenty capable of taking the ball and providing some decent innings. He had a 4.21 ERA in 2021 and a 4.40 mark in 2022 but got over 100 innings in each of those seasons and 143 in each year from 2014 to 2019.

If the Rangers and Perez can come to an agreement, he would form a solid three-headed veteran core with Gray and Odorizzi. The rotation would have a solid base but would be lacking a true ace. Perez posted a 2.89 ERA in 2022 but was at 4.38 or above in each of the previous eight seasons. Even if he has unlocked a pitch mix that leads to better results, maintaining a 6.5% HR/FB rate will be tough to do and some regression could still be in the cards. Gray dealt with some injuries this year but still made 24 starts and posted a 3.96 ERA with rate stats fairly close to his career marks. Dane Dunning could also be a factor at the back end of the rotation after he put up a 4.46 ERA over 29 starts this year. His health is a bit uncertain after his season was ended by arthroscopic hip surgery, but he can be an option if he’s healthy.

It seems the Rangers are willing to consider another bold strike to complement that group of serviceable pitchers. Last year, they showed they’re not afraid of such moves, giving Corey Seager $325MM over ten years and Marcus Semien $175MM over seven years. This year, it’s possible the big strike comes for an ace to lead the starting staff. That could come in the form a deal for Rodon, whom the club has already been connected to, with deGrom and Senga also being considered.

deGrom, 35 in June, certainly fits the bill of an ace, as he’s arguably the best pitcher alive when healthy. That health hasn’t always been present, especially lately, with deGrom missing over a year from July of 2021 to August of 2022. However, after his return, he showed that he can still be his dominant self, making 11 starts and throwing 64 1/3 innings. His 3.08 ERA was two full runs above what he did prior to his injury shutdown in 2021, but the peripherals were still very similar. His 42.7% strikeout rate and 3.3% walk rate were both still absurdly good and point to more elite results going forward. Given his health concerns and age, it’s possible he will be looking at short-term offers with his annual salaries. MLBTR’s Top 50 Free Agents list dropped yesterday with a prediction of $135MM over three years, which is $45MM per year.

That would certainly be one way for the club to go. Another would be a more traditional contract of greater length but less money per year. MLBTR projected a higher guarantee for Rodon at $140MM, though over a five-year term that would be significantly less on an annual basis, $28MM per year. Senga will likely require even less, predicted for $75 over five years, or $15MM per season. Of course, that would also come with its own kind of risk, given that Senga’s unproven against MLB hitters and not all NPB aces have found similar success after crossing the Pacific.

When talking about such figures, it’s worth taking a look at the club’s payroll situation. Roster Resource currently pegs the Rangers’ 2023 outlay at $122MM. Last year’s Opening Day figure was $142MM, per Cot’s Baseball Contracts, meaning they’re only about $20MM away. If Perez eventually accepts the QO, they’re suddenly even. However, Young has already spoken about how payroll is going to go up and they have been as high as $165MM in previous seasons. Ultimately, exactly how much they have to spend will play a factor in how they address the rotation. If they have, say, $45MM to work with, putting all those eggs into the deGrom basket would be a huge upgrade but wouldn’t leave anything left to address the outfield or bullpen. Regardless of the final number, it will be interesting to see how it plays out as the club looks to gain some serious ground in a competitive AL West.

14 Players Receive Qualifying Offers

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14 players received qualifying offers this year, reports Jeff Passan of ESPN (Twitter link). The list is as follows:

As a refresher, the qualifying offer is a one-year offer a team can make to impending free agents. Players who have previously received a QO in their careers and/or didn’t spend the entire preceding season with one team cannot receive a qualifying offer. The value of the offer is calculated by averaging the salaries of the 125 highest-paid players in MLB. For the 2022-23 offseason, it is set at $19.65MM.

If a player accepts the QO, he returns to his current team for next season on that salary. If he declines, the team would receive compensation if he were to sign elsewhere. The specific compensation depends on the team’s status as both a luxury tax payor and whether they receive revenue sharing payments. MLBTR’s Mark Polishuk took a look at the compensation each team would receive for losing a qualified free agent last week.

Signing a player who refuses a QO from another team requires the signing team to forfeit draft picks and/or international signing bonus space. As with compensation for losing qualified free agents, the specific nature of the forfeiture is dependent on revenue sharing status and the competitive balance tax.

[Related: Which Picks Would Each Team Forfeit By Signing A Qualified Free Agent?]

The majority of players who receive qualifying offers decline them each offseason. Judge, Turner, Bogaerts, deGrom, Swanson, Rodón, Nimmo, Contreras and Bassitt were always virtual locks to receive a QO. They’ll assuredly turn them down and sign multi-year contracts, either with their incumbent teams or other clubs. Rejecting a qualifying offer, to be clear, does not affect a player’s ability to continue negotiating with his previous team.

Rizzo, Anderson and Pérez were all more borderline QO candidates, although reports in recent days had suggested each was likely to receive the offer. There’s a case for all three players in that group to accept, although their representatives will have five days to gauge the market before making that decision. Pérez has reportedly received a two-year offer from Texas. The sides have long expressed mutual interest in agreement, but they’ve yet to come to terms on a longer deal.

The final two qualified free agents come as more surprising developments. Eovaldi always looked like a borderline QO candidate. He recently wrapped up a four-year, $68MM contract with the Red Sox. The right-hander was generally effective over the life of that deal, but his 2022 campaign was more of a mixed bag. Shoulder and back injuries limited him to 20 starts and 109 1/3 innings. His 3.87 ERA over that stretch was right in line with his 2020-21 marks, but his strikeout rate dropped a few points to a league average 22.4%. Eovaldi’s fastball also dipped slightly from siting just under 97 MPH down to 95.7 MPH, but that’s still plenty impressive velocity. Paired with his elite strike-throwing ability and the Red Sox’s need for rotation help, they’d be content to bring the 32-year-old back for just under $20MM if he accepted the QO.

The most surprising qualifying offer recipient, however, is Pederson. San Francisco signed the outfielder to a one-year, $6MM deal last winter after an up-and-down 2021 campaign with the Cubs and Braves. The left-handed slugger responded with an excellent .274/.353/.521 showing, connecting on 23 home runs in 433 plate appearances. Pederson also posted elite batted ball marks, including a 93.2 MPH average exit velocity that’s around five MPH above league average. He also made hard contact (a batted ball hit 95 MPH or harder) on a career-best 52.1% of his balls in play.

That figured to give 30-year-old a strong shot at a multi-year offer, although it’s still surprising to see the Giants offer him nearly $20MM to return. Pederson played left field in Oracle Park, but he rated as 12 runs below average over 685 innings in the estimation of Defensive Runs Saved. He’s consistently posted subpar defensive marks and is limited to the corner outfield or designated hitter. The Giants also shielded him against southpaws, limping him to 57 plate appearances against left-handed pitching.

Some notable players who were eligible for a qualifying offer but did not receive one include Jameson Taillon, Mitch Haniger, Taijuan Walker, Andrew Heaney and Michael Wacha. That group will all hit the open market unencumbered by draft pick compensation, which should be a boost to their free agent stocks.

Of the crop of QO recipients, Pederson looks likeliest to accept, although it’s possible that anyone in the group turns the offer down if their reps find interest over multi-year pacts. Players have until the evening of November 15 to determine whether to accept or turn down the QO.

Mets Will Not Make Qualifying Offer To Taijuan Walker

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The Mets have opted against issuing a $19.65MM qualifying offer to right-hander Taijuan Walker, reports Jon Heyman of the New York Post. Walker, who made the easy decision to decline a $7.5MM player option earlier this week, will now reach free agency with no restrictions and will not be subject to draft-pick compensation. Unsurprisingly, Heyman adds that the Mets plan to make a QO to all three of Jacob deGrom, Brandon Nimmo and Chris Bassitt.

Walker, who turned 30 in August, was a borderline candidate and might well have rejected his offer upon receiving one, though the Mets won’t find out and will instead accept the possibility of losing him for no compensation. As a luxury tax payor, they’ll “only” receive a pick between the fourth and fifth round for any free agent who rejects a qualifying offer, and apparently the notion of potentially tying up $19.65MM in salary to Walker right out of the offseason gate wasn’t worth that fairly modest bit of compensation for GM Billy Eppler and his staff.

It’s great news for Walker, who’ll now head into free agency search of a multi-year deal that could span three or perhaps even four years in length. The former top prospect has shaken off many of the injury concerns that stemmed from Tommy John surgery and shoulder surgery earlier in his career, making 69 of roughly 76 possible starts across the past three seasons. That includes 29 starts and more than 155 innings in each of the past two campaigns.

Since 2020, Walker has pitched to a 3.80 ERA with a 21.5% strikeout rate, 7.8% walk rate and a 43.2% ground-ball rate. He’s averaged just about 5 1/3 innings per outing in that time, though that would seem to be more in an effort to monitor his workload than due to strong concerns about turning a lineup over for the third time. Since 2020, Walker has yielded a .232/.303/.391 batting line when facing opponents for the third time on a given day. While his numbers the first and second time through the order are better, it’s not the type of cringeworthy third-time split you’ll see with so many starting pitchers.

Walker’s fastball sat 93.8 mph in 2022, so he doesn’t have premium velocity. He doesn’t miss bats or generate grounders at an especially high level but also limits walks at a solid clip. He may not stand out in any one way, but he increasingly looks like a durable mid-rotation arm who could deepen nearly any starting staff in the Majors.

Jacob deGrom, Taijuan Walker Opt Out Of Mets Contracts

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Jacob deGrom and Taijuan Walker are both headed to the free agent market, according to a media release from the MLB Players Association (via Twitter).  As expected, deGrom opted out of the final guaranteed year of his contract, while Walker took a $3MM buyout rather than exercise a $7.5MM player option for the 2023 season.

deGrom was owed $30.5MM in 2023, and the Mets held a $32.5MM club option on the former two-time Cy Young Award winner for 2024.  There is no doubt deGrom will find more than $30.5MM on the open market, as his skill level still supersedes some obvious questions about his health and long-term durability.  Multiple injuries kept deGrom on the shelf for over an entire year, as he didn’t make a single MLB appearance between July 7, 2021 and August 2, 2022.  Upon returning this season, deGrom still looked tremendous, posting a 3.08 ERA and a host of elite Statcast numbers.

Throughout his injury hiatus, deGrom consistently maintained that he still planned to opt out of his contract, and his strong performance over his 64 1/3 innings should quell doubts in the minds of some suitors.  Of course, deGrom also turns 35 in June 2023, so there has been speculation that teams might prefer to offer him deals with a high average annual value rather than a lengthy term.  Reports have also suggested that geography is a factor for deGrom, as his preference would be to play for a team closer to his home in Florida.

During the 2020-21 offseason, Walker joined the Mets on a two-year deal worth $20MM in guaranteed salary.  Given the high price of his buyout, Walker’s $4.5MM decision wasn’t a hard one to make, as the right-hander will look to capitalize on what has now been three consecutive seasons of solid work.  The 30-year-old isn’t a big strikeout pitcher and he allows a lot of hard contact, though he’ll get plenty of attention as a solid arm for the middle-to-back of many rotations.

Walker missed almost all of the 2018 and 2019 seasons due to Tommy John surgery and a shoulder injury, before rebounding with a 2.70 ERA over 53 1/3 innings with the Mariners and Blue Jays during the shortened 2020 season.  That performance led to Walker’s contract with New York, and he has stayed mostly healthy (averaging 158 IP) over his two seasons with the Mets while posting a 3.98 ERA.  2022 was the better of Walker’s two seasons, as he had a 3.49 ERA and an above-average 6.9% walk rate.

Between deGrom, Walker, Chris Bassitt expected to decline his end of a mutual option, and the Mets holding a $14MM club option on Carlos Carrasco for 2023, New York’s rotation could look quite different by Opening Day.  Even with the Mets’ willingness to spend big, retaining all of these starters might even be beyond ownership’s comfort zone, especially with other free agent questions left to be answered.  The Mets already made one big strike to re-sign an in-house free agent, agreeing to a five-year, $102MM deal with closer Edwin Diaz yesterday.

Previewing Upcoming Qualifying Offer Decisions

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The World Series concludes this weekend, and the offseason gets underway almost immediately thereafter. Teams and players have to decide whether to exercise contractual options within five days of the Series ending, while clubs also must determine whether to issue their impending free agents a qualifying offer before free agency officially opens. MLBTR’s Mark Polishuk took a preliminary look at the qualifying offer class in August (position players/pitchers).

With another few months of play in the books, we’ll take a final run at previewing the class. As a refresher, the qualifying offer is a one-year offer that’s calculated by averaging the salaries of the 125 highest-paid players in the majors in a given season. That value has been set at $19.65MM for this offseason. If a player rejects the offer, he sets out into free agency. The player’s previous team would receive draft pick compensation if he signs elsewhere, while a team that signs another club’s qualified free agent would forfeit a draft choice (or choices) and possibly international signing bonus space.

Draft pick compensation and forfeiture differs depending on a team’s revenue sharing status and whether they exceeded the luxury tax threshold this year. MLBTR’s Tim Dierkes looked yesterday at what picks each team would lose were they to sign a qualified free agent; conversely, Mark Polishuk covered the draft pick compensation clubs would land if one of their qualified free agents departed.

Locks

There’s not a whole lot to say about this group. These are 10 of the best impending free agents. Bogaerts, deGrom, Judge, Rodón, Swanson and Turner are all going to top nine figures. Díaz, Nimmo and maybe Contreras could get to $100MM. Bassitt doesn’t have quite that earning power, since he’ll turn 34 in February. That caps the length of the contract he can expect, but the veteran righty is arguably the fourth-best starting pitcher on the market. He’s likely to land an annual salary similar to the value of the QO over a multi-year term.

Possible Candidates

A stable back-of-the-rotation strike-thrower, Anderson inked an $8MM guarantee with the Dodgers last year. The veteran southpaw responded with a career season, posting a sparkling 2.57 ERA across 178 2/3 innings. He walked fewer than 5% of opposing hitters and averaged almost six innings per appearance, an incredible source of stability in a rotation that dealt with a fair share of injuries.

Headed into his age-33 season, Anderson is now in position for easily the best payday of his career. The question is whether that might come in the form of the QO. The Dodgers certainly have the budget for an investment of that size, and they’re never shy about stockpiling pitching depth. Yet it’s fair to wonder whether Anderson projects markedly differently than he did last winter when he was coming off a combined 4.49 ERA from 2020-21. He benefited from a career-low .256 batting average on balls in play this year, and his 19.5% strikeout rate is a near-match for his 2021 mark. His fastball still averages under 91 MPH, and while he turned to his changeup more often this past season than he has previously, he didn’t dramatically overhaul his repertoire. Anderson’s a solid pitcher with a knack for getting opponents to chase and make weak contact, but he doesn’t brandish the kind of power arsenal that’d immediately endear him to teams.

Eovaldi is wrapping up a four-year deal he signed with the Red Sox on the heels of his incredible 2018 postseason. The right-hander had a tough 2019 season but has followed up with three generally solid years since then. Eovaldi has posted an ERA between 3.72 and 3.87 since 2020, consistent mid-rotation production. That’s in line with what he’s done for much of his career.

Despite possessing big velocity, Eovaldi’s more of a control artist than a bat-missing weapon at the top of the starting staff. He’s incredibly walked less than 5% of opposing hitters in each of the last three years, with a cumulative 4.4% mark that’s the second-lowest among 94 pitchers with 250+ innings over that stretch. He posts above-average swinging strike rates but not elite numbers in that regard, and he tends to give up a fair number of home runs.

One can argue Eovaldi’s the fourth or fifth-best free agent starter available, although he spent time on the injured list this year with separate back and shoulder concerns en route to just 109 1/3 innings. His typical 97+ MPH heater sat at a slightly diminished (but still strong) 95.7 MPH this year. Eovaldi has two Tommy John surgeries on his ledger and has some durability question marks, but a strong one-year risk could be palatable for a big-spending team that has virtually no certainty in the rotation. At the same time, the Sox would receive only a compensatory pick after the fourth round if he rejects a QO and departs, thanks to their paying the luxury tax in 2022. That’s of marginal value, so Boston’s only really incentivized to make a QO if they hope he accepts.

Despite playing his home games in one of the league’s more pitcher-friendly environments, Haniger popped 39 home runs in 2021. That was a career-best power spike, but it demonstrated the kind of offensive potential he has when healthy. The right-handed slugger posted well above-average hitting marks in 2017-18 before an average ’19 campaign and a 2020 season wiped out by injury. His 2022 showing was more in the latter bucket, as he lost a chunk of the summer to a high ankle sprain and posted a .246/.308/.429 line in 247 trips to the plate.

Haniger’s a middle-of-the-order caliber bat who plays an adequate corner outfield, and he should find a multi-year deal going into his age-32 campaign if the Mariners don’t make him a QO. On the heels of this platform season, he’d have to seriously consider accepting the QO if offered. Seattle has a fair bit of near-term financial flexibility to make that bet, but they also have a number of in-house outfielders who can step in more affordably if Haniger walks.

The Dodgers rolled the dice on Heaney after a home run-filled 2021 season, signing him for $8.5MM. The southpaw didn’t provide much volume, missing extended stretches of the year fighting shoulder discomfort. When he was healthy enough to take the mound, the 31-year-old was brilliant. Heaney posted a 3.10 ERA and struck out an incredible 35.5% of opposing hitters through 72 2/3 innings. He got a swinging strike on a whopping 16.8% of his offerings, the highest rate of any pitcher with 70+ innings pitched. Heaney put up ace-caliber numbers when he took the hill, but he pitched less than half the season and is only a year removed from a 5.83 ERA over 30 outings with the Angels and Yankees.

Unlike a few other pitchers on this list, one can easily point to a huge change with Heaney that could’ve spurred his breakout. He started throwing a slider for the first time since 2017, turning to it as his go-to secondary offering while ditching his curveball and scaling way back on his changeup usage. The new breaking ball was fantastic, holding opponents to a .170 batting average with one of the highest whiff rates in the league.

That leads to a tough decision for L.A. The Dodgers have shown as much willingness as any team to take short-term risks on high-upside players, including Heaney himself last winter. There’s a difference between an $8.5MM gamble and one pushing $20MM, but he could be next in the line of Kevin Gausman and Carlos Rodón breakout types if he can stay healthy.

A former top prospect, Pérez has bounced around the league but consistently put up below-average results after some early-career success. He returned to his original organization last offseason, inking a $4MM deal with the Rangers after a pair of rough seasons in Boston. That proved to be one of the better buy-low moves of the winter, as Pérez made 32 starts and soaked up 196 1/3 innings. He posted a 2.89 ERA, a top 25 mark among hurlers with 100+ innings. Despite pitching in the majors for over a decade, he’s only entering his age-32 season.

If the Rangers are confident Pérez can come close to replicating his 2022 production, then a QO would be an easy call. Yet it’s fair to wonder how sustainable the southpaw’s success is. He posted an ERA north of 4.00 every year between 2014-21. He didn’t experience any kind of velocity bump, nor did his strikeout and walk profile change. Pérez only punched out 20.6% of opponents on a meager 8.4% swinging strike rate. He did induce ground-balls at a quality 51.4% clip, but he’s previously posted strong grounder rates without finding much success keeping runs off the board. Pérez made some small tweaks to his repertoire, using his sinker more against right-handed batters while leaning a bit more heavily on his cutter against lefties. Without a massive overhaul or velocity spike, though, it’s hard to know how much of his improved results truly represent a step forward.

Rizzo inked a two-year, $32MM guarantee to return to the Yankees in Spring Training. The deal allowed him to opt out of the final $16MM after this season, and the first baseman now looks as if he’ll do so. After a couple fine but unspectacular years, Rizzo bounced back with a 32-homer showing for the first time since 2017. He only hit .224, but that’s largely due to a career-worst .216 batting average on balls in play. Few hitters in baseball were shifted against more often, and the upcoming limitations on shifting should help him find a few more base knocks. Even if the shift ban doesn’t lead to a jump in performance, his .224/.338/.480 mark through 548 plate appearances checked in 32 points above the league average by measure of wRC+.

Heading into his age-33 campaign, Rizzo’s likely limited to two or maybe three-year offers. Those should be at annual rates at least approaching the value of the qualifying offer. It seems unlikely Rizzo would accept a QO. After all, in order to be eligible for the qualifying offer, he’d first have to decline a $16MM salary for next year. Perhaps he’d be content to take the accompanying $3.65MM pay bump before re-testing free agency after 2023, but he’d presumably prefer a new multi-year arrangement. Even if he does accept the QO, the Yankees could find that a reasonable investment, as Rizzo’s high-contact lefty bat plays well in their ballpark and in a lineup that otherwise skews toward the right side.

Taillon has spent the past two years in the Bronx after coming over from the Pirates via trade. New York rolled the dice at the time, surrendering a few solid prospects for a pitcher who’d missed the 2020 season after undergoing the second Tommy John surgery of his career. Taillon rewarded their faith, posting the #3/4 starter-type numbers he had throughout his time in Pittsburgh. Over the past two years, the right-hander owns a 4.08 ERA through 61 starts in a hitter-friendly environment. He’s punched out a slightly below-average 21.9% of opponents but only walked 5.7% of batters faced, holding the opposition to a .242/.290/.426 line.

Heading into his age-31 season, Taillon is one of the better options in a class full of mid-rotation starters. He averages around 94 MPH with his fastball, throws plenty of strikes and has flashed the ability to both miss bats and keep the ball on the ground at times in his career. Taillon never became the ace some may have expected when he was drafted second overall back in 2010, but he’s a rock-solid league average starter. Clubs may have some trepidation long-term about the two Tommy John procedures in his past, but the only injured list stint he’s required in the last two years was a two-week absence in September 2021 for an ankle issue. The Yankees do have a number of rotation options, but there’s enough uncertainty with players like Luis Severino, Domingo Germán and Clarke Schmidt they’d seem content to welcome Taillon back if he accepts the QO.

Walker’s going to decline a $6MM player option in favor of a $3MM buyout, leaving the Mets to decide whether to follow up with a QO. Signed over the 2020-21 offseason, the right-hander had a somewhat disappointing first season in Queens, posting a 4.47 ERA. He rebounded with a strong 3.49 mark in 157 1/3 innings this past season, taking the ball 29 times despite a minor early-season IL stint due to shoulder bursitis. He didn’t overpower opponents, striking out a slightly below-average 20.3% of batters faced, but he consistently threw strikes and got ground-balls at an above-average 46.2% clip.

Heading into his age-30 season, Walker looks the part of a useful mid-rotation starter. He battled some injury issues early in his career but has mostly been healthy the last two years. He averages a bit under 94 MPH on his fastball, is effective against hitters from both sides of the plate and is coming off arguably the best season of his career. Walker gives up a decent amount of hard contact, but that’s perhaps not as concerning for a Mets team that plays its home games in a pitcher-friendly ballpark as it would be to some other clubs. The Mets have a number of impending free agents in the rotation and as high a spending ceiling as any team in the game, so they could be content to absorb a heavy one-year salary for Walker.

Longshots

Entering the season, Clevinger looked like one of the higher-upside options in the class. He was coming off a 2021 campaign lost to Tommy John surgery, but he’d been excellent for the Indians and Padres from 2017-20. This year didn’t go well, though. Clevinger’s stuff was notably down from his pre-surgery form, and his results were below-average across the board. He finished the season with two abysmal playoff starts, and the Padres are probably content to let him sign elsewhere.

Eflin had a solid case for a three-year deal midway through the first half. The typically effective right-hander then lost two months with a right knee injury, an unfortunate continuation of knee troubles that have plagued him since before he began his career. Eflin has undergone multiple knee surgeries in the past, and while he didn’t need to go under the knife this year, the absence kept him to working in shorter stints out of the bullpen for the stretch run and the playoffs. Coming off that platform season, it’s hard to see the Phillies offering a salary approaching $20MM.

Kershaw’s an easy QO candidate in a vacuum. He’s still one of the game’s best pitchers on a rate basis, and a $19.65MM salary is a bargain for even the 126 1/3 innings of 2.28 ERA ball he gave the Dodgers this past season. Yet that was also true last winter, when the future Hall of Famer was coming off a 3.55 mark across 121 2/3 frames. The Dodgers opted against a QO — not because they were against guaranteeing him a lofty one-year salary, but because they wanted to give Kershaw more than the 10 days allotted to QO recipients to determine his next steps, as president of baseball operations Andrew Friedman later explained. Friedman has already implied they’ll do the same this winter.

San Diego acquired Manaea from the A’s in Spring Training, hoping to solidify an already strong rotation with a durable source of mid-rotation innings. The southpaw mostly delivered on that for the first half, posting a 4.11 ERA through the All-Star Break. His final couple months were a disaster, though. Manaea was barraged for a 6.44 ERA in the second half, coughing up 15 homers along the way. The Friars gave him just one postseason start, and he failed to make it out of the second inning while giving up five runs in a loss to the Phillies. Before these past few months, Manaea had a consistently solid track record, and his 2022 strikeout and walk rates are in line with his career marks. He should be a popular bounceback candidate in free agency, but as with Clevinger, it feels like the Padres are set to move on.

Profar can opt out of the final year and $7.5MM on his deal with San Diego. He’ll do so and beat that modest figure on the heels of a useful .243/.331/.391 showing over 658 plate appearances. Profar has put up slightly above-average offensive numbers in two of the past three seasons, but he’s now limited to left field after throwing issues pushed him off second base. Without much defensive value or a carrying tool at the plate, he’s not going to command a salary approaching the value of the QO in free agency.

Stripling had a strong 2022 season as a swing option for the Blue Jays. He started 24 of 32 appearances, tallying 134 1/3 innings of 3.01 ERA ball. The veteran righty doesn’t throw particularly hard, but he missed bats on a decent 11% of his offerings and only walked 3.7% of opponents. Stripling proved a surprisingly key piece of the Jays starting staff, but he’s headed into his age-33 season and had a ghastly 5.14 ERA from 2020-21. Toronto could well look to bring him back, but his career track record doesn’t support a salary in the QO range.

Wacha put up a 3.32 ERA across 127 1/3 innings for the Red Sox this year, making good after inking a $7MM free agent guarantee. The righty didn’t dramatically overhaul his approach, though, posting lower strikeout and swinging strike numbers than he did during 2020-21 campaigns in which he combined for a 5.39 ERA over 37 outings. Wacha’s a solid strike-thrower and has given himself a shot at a multi-year deal, but it wasn’t the kind of resounding breakout that should position him for a salary pushing $20MM. Even for a Red Sox team that needs to overhaul its rotation, that’d be an eyebrow-raising investment, and it’s hard to imagine Wacha turning the QO down if offered.

Ineligible

All six of these players would’ve been at least plausible qualifying offer candidates, but they’re ineligible to receive one under the terms of the collective bargaining agreement. Teams can’t qualify any player who has previously received a QO in his career, nor are they allowed to tag a player they acquired midseason. The ’previous QO provision’ rules out Abreu, Correa and Verlander; Bell and Benintendi were traded midseason. Syndergaard is ineligible on both accounts.

Yankees Notes: Judge, deGrom, Montas, LeMahieu, Marinaccio, Benintendi

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The ALDS is tied 1-1, as today’s Game 2 saw the Yankees suffer a tough 4-2 loss to the Guardians in 10 innings.  Giancarlo Stanton’s two-run homer gave New York a 2-0 lead after the first inning, but the Yankees managed only four more hits and zero additional runs in the next nine innings against Guards pitching.  The series now shifts to Cleveland for the next two games, with Luis Severino slated to face Triston McKenzie in tomorrow’s Game 3.

More from the Bronx…

  • According to four agents and a non-Yankees executive polled by the New York Post’s Jon Heyman, Aaron Judge’s next contract is going to be worth at least $300MM, with some speculation that he might approach the $350MM or even $400MM thresholds.  It would be a gigantic and possibly record-setting deal for the slugger, yet Judge’s huge 62-homer campaign has made a strong argument for such a contract.  With other teams surely interested and possibly driving the price up, it remains to be seen if the Yankees will retain Judge, though GM Brian Cashman said this week that “we’d love to keep him if we can.”
  • It also seems like you can rule out any chance of a crosstown swap of free agents, as Heyman doesn’t believe the Mets will make a true run at Judge, nor is it likely that Judge would leave the Yankees for New York’s other team.  A league source also flatly told Heyman that “the Yankees aren’t going after [Jacob] deGrom,” as there has been speculation that deGrom might be looking to leave New York for a team closer to his home in Florida.
  • The Yankees are missing several notable players on their ALDS roster, but manager Aaron Boone told reporters (including MLB.com’s Bryan Hoch and The Athletic’s Chris Kirschner) that four injured players could perhaps be available if the Yankees advanced to the ALCS.  In preparation, Andrew Benintendi, Frankie Montas, and Ron Marinaccio are all heading to Tampa to work out in a live game setting.  As Montas recovers from shoulder inflammation, Boone said that Montas would be used as a bulk pitcher (behind an opener) or as a multi-inning reliever, rather than in his usual starting role.  DJ LeMahieu is still traveling with the team as he recuperates from his foot injury, with the Yankees specifying that LeMahieu is suffering from a ligament issue with the second toe of his right foot.

Mets Notes: Nimmo, deGrom, Eppler, Showalter

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Brandon Nimmo is heading into free agency on a high note, having just had arguably the best season of his career. He hit 16 home runs in 151 games and produced an overall batting line of .274/.367/.433. That production was 34% better than the league average hitter, as measured by wRC+. When combined with some strong work in the outfield, he produced 5.4 wins above replacement in the eyes of FanGraphs, eclipsing his previous high of 4.8.

Joel Sherman of the New York Post recently spoke to Scott Boras, who is Nimmo’s agent, with Boras highlighting that this winter’s free agent class is low on impact center fielders and leadoff hitters. Looking at the list of available free agents, Boras has a point. Aaron Judge played some center this year but is primarily a right fielder. Beyond him and Nimmo, the other options are mostly bench/depth types, with the oft-injured Kevin Kiermaier perhaps the only thing approaching a plausible regular up the middle.

Sherman compares Nimmo to Starling Marte and the $78MM contract he got from the Mets but opines that Nimmo has a chance to double that. There are certainly reasons to think free agency will be kinder to Nimmo than it was to Marte, with age being a significant separator. Marte was 33 years old at the time his deal was signed, whereas Nimmo won’t turn 30 until March. Given that three-year gap, Nimmo could try to try to push for a lengthier deal than the four years that Marte secured. Marte was coming off a remarkably similar walk year, as he posted a 134 wRC+ and 5.4 fWAR in 2021. He didn’t have a qualifying offer attached since he was traded midseason, something Nimmo will be saddled with. But there won’t be a lockout this winter to complicate matters and the CBT barriers have all moved higher since then. Combining those factors with the fact that teams are further removed from pandemic losses and the spending environment might be generally more robust than it was in November of 2021, when Marte was signed.

Whether the Mets will be in the Nimmo sweepstakes remains to be seen, but there is an argument to be made for them letting him walk. They could theoretically slide Marte over to center field and focus their resources on a pitching staff that is set for a huge amount of turnover. The Mets have about a dozen hurlers who could reach the open market in the coming weeks, depending on the outcome of some options and opt-outs. Of course, the biggest elephant in the room is Jacob deGrom, who has the ability to opt out of the remainder of his contract in a few weeks. deGrom has been clear about his intention to trigger that opt out, even while he was dealing with the uncertainty of his injured shoulder earlier this year.

Once he reaches free agency, his market will be a difficult one to predict. He has been one of the best pitchers in the game when healthy but hasn’t managed a full season since 2019. The pandemic limited him to just 12 starts in 2020 and then injuries kept him at 15 starts last year and 11 here in 2022. He’s still been excellent when on the mound though, posting a 2.05 ERA over 224 1/3 innings in that three-year stretch, along with a 42.1% ground ball rate, 42.4% strikeout rate and 4.5% walk rate.

Given his excellent quality but diminished quantity in recent years, there is likely to be a wide variance in how different teams will value his potential contributions going forward. For his part, it’s possible that deGrom isn’t particularly focused on strictly maximizing his earnings, with Tim Britton and Will Sammon of The Athletic reporting that the righty will also be looking for comfort, preferring to be closer to his Florida home.

It might be difficult for deGrom to get exactly what he wants in that regard, as the two clubs based in his home state aren’t big spenders. The Marlins have been clearing their payroll in the recent past and then focused on adding offense when they finally did make some recent additions. Jorge Soler’s $15MM salary will be the largest contract on the books next year and it would certainly come as a shock to see them more than double that figure to land deGrom, especially when they have so much starting pitching that they are planning to use it to trade for bats. The Rays have never been huge players in free agency and have a massive 19-player arbitration class. That’s likely going to lead them down a path of making tough cuts around the fringes of their roster, even without adding a marquee free agent expenditure.

Moving outside the state, the nearest team to Florida can be found in Atlanta. They have also been the destination of a pitcher with similar geographic preferences, as Charlie Morton continues to re-up with the club in order to be near his own Florida home. deGrom would surely be a welcome addition to any club from a pure baseball perspective, but there are reasons to think Atlanta isn’t a perfect fit. In addition to Morton, the club also has Max Fried, Kyle Wright and Spencer Strider penciled into their rotation for next year. Jake Odorizzi will likely exercise his player option and take a spot at the back end, something the club surely anticipated when they traded for him at the deadline.

Adding deGrom and then trading Odorizzi would be an attractive way to get around the crowded rotation, though that would come with financial complications. Atlanta ran out a franchise-record Opening Day payroll of $178MM this year, per Cot’s Baseball Contracts, way beyond the previous high of $131MM from the year before. They already have about $154MM committed for next year, without factoring in arbitration raises for players like Fried. Whatever budget they have left over might need to be earmarked for shortstop, since Dansby Swanson is slated for free agency. Even if the club is willing to let Swanson walk and stick with Vaughn Grissom at short, despite Grissom having only 41 games played above Double-A, signing deGrom would require the club to stretch it’s financial comfort zone even farther.

If deGrom considers Texas to be comfortably close to Florida, there would be a sensible fit on the Rangers. The club was very aggressive in free agency a year ago but still had another disappointing campaign in terms of results. They reportedly plan on being aggressive yet again this winter, with a stronger focus on starting pitching this time around. However, the Rangers arguably only have two rotation spots spoken for, with Jon Gray and Dane Dunning the only ones who can be reliably counted on. It might be wiser of them to spread their money around to multiple pitchers as opposed to focusing on one elite arm like deGrom, even if they succeed in re-signing Martín Pérez. It’s also unknown how deGrom’s reported desire to be near his family would be balanced against a natural desire to suit up for a surefire competitor.

Of course, the Mets will surely hope to overcome whatever obstacles come up this winter and bring deGrom back to Queens, but they will also have other matters to attend to. Beyond Nimmo and deGrom, it will be a fascinating offseason for the Mets, as their other free agents or potential free agents are Carlos Carrasco, Taijuan Walker, Chris Bassitt, Trevor May, Mychal Givens, Adam Ottavino, Joely Rodriguez, Daniel Vogelbach, John Curtiss, Edwin Diaz, Tyler Naquin, Seth Lugo and Trevor Williams. It’s anyone’s guess what the roster looks like a few months from now, but it seems there will at least be continuity off the field. Mike Puma of the New York Post relays that both manager Buck Showalter and general manager Billy Eppler are secure in their respective jobs. It was the first season with the Mets for both, as Eppler was hired in November of last year and he then brought Showalter aboard during the lockout. Despite a disappointing playoff loss to end the campaign, the Mets still went 101-61, their best record since 1986. They will look to repeat or top that performance in 2023, though the first order of business will be filling the large number of holes on the roster that are about to open.

NL Notes: deGrom, Estevez, Cishek

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SNY’s Andy Martino writes that righty ace Jacob deGrom’s openness to returning to the Mets is growing, with a friend of the pitcher saying that although he would’ve said the odds of deGrom returning to Queens were “zero” had he been asked during Spring Training, he would now say they are “50/50”.

deGrom is expected to opt-out of the remainder of his contract, joining teammates Brandon Nimmo, Chris Bassitt, Edwin Diaz, and Taijuan Walker as key players filing for free agency this offseason. While this leaves the Mets with plenty of holes to fill this offseason, retaining deGrom is sure to be a top priority. The two time Cy Young award winner has posted some of the best numbers in baseball over the past few years, with a 2.05 ERA and 2.14 FIP in 645 1/3 innings since the start of the 2018 season. As that low inning total implies, however, deGrom has struggled to stay on the field in recent years, making just 26 starts across the 2021 and 2022 seasons. Those health struggles have done little to damage his reputation as the best pitcher in baseball, however, and he should find a strong market for this services this offseason in spite of them.

With at least 3 starting pitchers set to hit the market this offseason, and the possibility of a fourth if the team declines Carlos Carrasco’s club option, re-signing deGrom to accompany Max Scherzer atop the rotation would seem like a no-brainer for the Mets. That hasn’t stopped both sides from considering other options, however, and Martino notes that the Mets have considered making runs at signing Justin Verlander or even a trade for Shohei Ohtani to replace their ace. While the sides clearly aren’t entirely committed to each other at this moment, the fit between the two is undeniable, and Martino reports that Scherzer has privately made his desire for deGrom to remain with the team clear. As for deGrom, Martino reports that he is “enjoying the vibe around the Mets more than ever” this season.

Elsewhere in the National League…

  • Danielle Allentuck of the Denver Gazette took a look at Colorado’s pending free agents, and noted that the Rockies have particular interest in bringing righty reliever Carlos Estevez back into the fold next season. Estevez pitched to a 3.47 ERA and a 4.08 FIP in 57 innings for Colorado this season, good for an ERA+ of 135. With pitchers who can find success at Coors Field hard to come by and a need for veteran leadership in a mostly young, inexperienced bullpen, a reunion with Estevez would make a lot of sense for Colorado.
  • MLB.com’s Jessica Camerato reports that righty reliever Steve Cishek is contemplating retirement. Cishek just completed his age 36 season, where he posted a 4.21 ERA in 66 1/3 innings for the Nationals. While his 2022 season was largely unimpressive, Cishek has posted a 2.98 ERA over the course of a career spanning 13 seasons and eight organizations. A player with his track record would surely be able to find a job somewhere, though it’s possible he may need to settle for a minor-league deal should he decide to continue his playing career.

Previewing Upcoming Opt-Out Decisions And Player Options

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With the offseason approaching, so is the time for players and teams to decide upon any 2023 options in their contracts. MLBTR has taken a look through various option decisions in recent weeks: first with players whose deals contain vesting provisions, then a respective look at the team options in both the American and National Leagues.

Today, we’ll turn our attention to the players’ side. A number of players could hit free agency this winter either by triggering an opt-out clause in their current deal or bypassing a player option for the 2023 campaign. We’ll take a run through those decisions, many of which will have implications at the very top of the free agent market.

Note: All stats referenced are through play Sunday

Elite Potential Free Agents

  • Nolan Arenado, Cardinals 3B (can opt out of final five years and $144MM)

Arenado was already on a Hall of Fame trajectory before 2022, but he’s bolstering his case with the best season of his career. Through 500 plate appearances, he owns a .306/.370/.567 line with 27 home runs. He’s had seasons with that kind of slash line in years past, but they came with the caveat that he’d played half his games at Coors Field. That’s no longer a factor, and it’s easily his best offensive output once one adjusts for the ballpark. Arenado’s 162 wRC+ is the fourth-best mark among qualified hitters.

That kind of offensive production alone would get him in the MVP discussion, but Arenado’s obviously valuable for far more than his bat. One of the best defensive third basemen in MLB history, he’s continued to post elite marks with the glove even as he’s entered his 30s. Arenado is among the top handful of players in the game. While walking away from $144MM wouldn’t be an easy decision, it’d seem the prudent one from a strict financial perspective. Freddie Freeman received six years and $162MM from the Dodgers (albeit with deferrals that reduced the net present value closer to the $148MM range) headed into his age-32 season. Freeman was coming off a 135 wRC+ platform showing, and he plays a less valuable position. Arenado and his camp could make a strong argument the Freeman contract should represent his floor, and it’s not outlandish to seek a six-year deal at the $35MM annual range Anthony Rendon received from the Angels (which would bring the guarantee to $210MM).

On paper, Arenado’s opt-out decision looks like a slam dunk. There’s at least some amount of uncertainty, though, as he forewent an opt-out opportunity last offseason and told Derrick Goold of the Post-Dispatch it was “always the plan” to remain in St. Louis long term. Passing on free agency coming off a .255/.312/.494 showing in 2021 is a lot easier than doing so after a career-best year that should make him an MVP finalist. Maybe he’s comfortable enough with the Cardinals he’ll return, but he’d probably be leaving a lot of money on the table to do so. At the very least, he looks to have a case for a renegotiation of his contract with the Cards, which is slated to pay him just $15MM in the final season (2027).

  • Carlos Correa, Twins SS (can opt out of final two years and $70.2MM this offseason; deal also contains post-2023 opt-out if Correa opts in this winter)

Regarded by many (MLBTR included) as the top free agent in last winter’s class, Correa reportedly turned down at least one ten-year offer early in the offseason in search of a guarantee that rivaled the $341MM Francisco Lindor had received from the Mets last April. That proposal seemingly never came, and Correa reversed course in Spring Training. He signed a shocking three-year deal with the Twins that guaranteed him the largest annual salary ($35.1MM) for a free agent position player and afforded the opportunity to retest the market in either of the next two offseasons via opt-out.

Conventional wisdom was that Correa was sure to trigger his first opt-out and make another run at a long-term deal in a winter unaffected by a lockout. That still seems likely, although he hasn’t resoundingly made the case for teams to be more willing to approach the Lindor range that they had been. He’s having a similar offensive season as he did during his final year with the Astros. After posting a .279/.366/.485 showing his last year in Houston, Correa is hitting .276/.355/.439 over 440 plate appearances with Minnesota. His raw power production is down, but that’s not quite as alarming when considering the leaguewide slugging percentage has dropped from .411 to .395. Perhaps of greater concern is that the elite defensive marks that garnered Correa a Gold Glove last season are unanimously down, ranging anywhere from below-average (-2 Outs Above Average) to solid (+4 Defensive Runs Saved, +1 Ultimate Zone Rating).

There’s no question Correa’s an excellent player having a very good season. Yet he’s not likely to wind up a top five finisher in MVP balloting as he did in 2021. He’d top a $200MM guarantee on the open market, but he’s unlikely to reach the kind of money he anticipated last offseason. Could he return to Minnesota (where he’s by all accounts very happy) for one more year and look to trigger his post-2023 opt-out after hopefully putting up MVP-caliber numbers? That feels unlikely, but he’s already bet on himself once and would only be entering his age-29 season if he put off opting out for a year.

Bogaerts has been the Red Sox’s everyday shortstop since 2014, but his time in Boston could be nearing its end. He and the club didn’t make progress in extension talks this spring, and he’s a lock to opt out and top $60MM on the open market barring a catastrophic injury. One of the game’s top offensive shortstops, Bogaerts is amidst another strong season. He carries a .303/.372/.448 line through 508 plate appearances. His slugging output is below where it was from 2018-21, but he consistently gets on base and has a strong pre-2022 track record from a power perspective.

One can quibble about certain aspects of Boagerts’ profile. In addition to this year’s slugging dip, he’s traditionally rated as a below-average defender. Even with generally solid defensive metrics this season, clubs will probably have some question whether he’ll eventually need to move to second or third base. Those are nitpicks for whether Bogaerts would be a worthwhile investment in the $180MM – $200MM range, though. A 30-year-old shortstop with an elite durability track record and a .299/.370/.478 line since the start of 2020, he’s certainly going to shatter $60MM even if the market takes a relatively pessimistic view of his long-term projection.

  • Jacob deGrom, Mets RHP (can opt of final year and $33.5MM this offseason)

There’s no suspense with this one, as deGrom has publicly maintained his plan to opt out for months. That’s in spite of elbow/shoulder injuries that kept him from throwing a major league pitch between July 2021 and this August. With only one guaranteed year remaining on his deal (plus a 2024 club option that’d go into effect if he doesn’t opt out this winter), that’s been a pretty easy call. To the extent there may have been any lingering doubts, deGrom has silenced them with his first five starts since returning from the injured list. He’s looked like his vintage self, averaging 99.3 MPH on his fastball while posting a laughable 46:2 strikeout-to-walk ratio through 29 1/3 innings. On an inning-for-inning basis, he’s the best starting pitcher on the planet.

deGrom’s free agent case will be fascinating. Even if he finishes the season healthy, he’ll have gone three consecutive years without topping 15 starts or 100 innings (although he’s obviously not at fault for the shortened 2020 schedule). What kind of volume a signing team can expect is an open question, particularly as he enters his age-35 season. Yet the upside of a healthy deGrom is through the roof. He’ll receive a multi-year deal that beats the $33.5MM remaining on his current contract. Can he top teammate Max Scherzer’s $43.333MM AAV over a three or even four-year term? Time will tell.

While we’re on the topic of upper-echelon starting pitchers who are basically certain to opt out, let’s turn to Verlander. The future Hall of Famer triggered a $25MM option for next season by throwing 130 innings, but that’s largely a moot point. Verlander told Ken Rosenthal of the Athletic last week he was likely to opt out if things went as planned down the stretch. It’d have been surprising if he were even considering exercising the option.

Verlander has returned from 2020 Tommy John surgery to lead the major leagues with a 1.84 ERA. He’s striking out 26.5% of opponents and has a strong argument for a third career Cy Young award. He’s also a proven playoff performer and a prototypical ace who eats about as many innings as anyone else in the game. Even heading into his age-40 season, Verlander can try to beat the Scherzer AAV on a multi-year contract.

Verlander did injure his calf in his most recent start, resulting in a placement on the injured list just this afternoon. The Astros announced that an MRI of his calf revealed “fascial disruption, but no muscle fiber disruption” — an extremely specific diagnosis but one that both Verlander and GM James Click touted as good news. Click expressed hope the injury will be short-term, and Verlander suggested that had he sustained damage to the muscle fibers themselves, he’d likely have missed the remainder of the regular season and perhaps part of the postseason.

The manner to which Verlander rebounds will obviously be key in his opt-out scenario, but if he misses only a couple weeks’ time and returns strong for his final regular-season and postseason starts, this opt-out is an easy call.

We’ll wrap up the trifecta with Rodón, who’s also going to have an easy decision, barring injury. While there was some trepidation about Rodón’s breakout 2021 season — both due to his inconsistent track record before last season and some shoulder soreness and a velocity drop last August — he’s doubled down and looks to have cemented himself among the game’s top ten starters. Rodón has avoided the injured list thus far, and he’s striking out 32.1% of opponents while posting a 2.81 ERA through 25 starts. By topping 110 innings, he earned the right to opt out after this season.

Heading into his age-30 campaign, he should land the nine-figure deal that eluded him last offseason. Between his youth and last two years of production, Rodón has an argument for the largest guarantee of any free agent starter. He won’t get paid at the deGrom or Verlander level on an annual basis, but he could push for six years and look to top $150MM.

Quality Regulars Likely To Opt Out

Rizzo’s market last offseason seemed a bit underwhelming. The veteran first baseman was coming off two fine but unspectacular seasons, and it looked as if his best days might be behind him with his mid-30s approaching. Rizzo still made plenty of contact and hit the ball hard, but he’d gotten quite pull-oriented and had rough ball-in-play results against an increasing number of defensive shifts. He signed a two-year deal with the Yankees that paid him matching $16MM salaries and allowed him to opt out after this season.

That now looks like an easy call, as Rizzo has bounced back with a year more reminiscent of his peak days with the Cubs. He carries a .223/.337/.480 line and is going to top 30 homers for the first time since 2017. He’s still getting dismal results on balls in play and doesn’t have a particularly impressive batting average, but even that looks as if might turn around next year. It’s widely expected MLB will institute limits on shifting next spring. Few players would stand to benefit more than Rizzo, who’s facing a shift on a whopping 83.5% of his plate appearances according to Statcast. His age and lack of defensive versatility will limit the length of any deal, but he’ll probably beat the $16MM salary over at least a two-year term, even if the Yankees tag him with a qualifying offer.

The Padres’ signing Profar to a three-year, $21MM deal that allowed him multiple opt-out chances was one of the more eyebrow-raising moves of the 2020-21 offseason. The switch-hitter was coming off a solid 2020 campaign, but that shortened schedule was the first in which he’d posted above-average production. It looked like a misstep when he struggled last year and unsurprisingly forewent his first opt-out clause, but Profar has rewarded the organization’s faith with a career-best showing in 2022.

Through 530 plate appearances, he’s hitting .241/.339/.387 with 12 homers. He’s walking at a robust 12.3% clip while only going down on strikes 15.1% of the time. He looks like a solid regular, and headed into his age-30 season, Profar’s a candidate for another multi-year deal this time around. After major throwing issues as an infielder early in his career, he’s played exclusively left field this year. Profar isn’t a prototypical corner outfield masher, but his plate discipline and bat-to-ball skills should allow him to top the guaranteed money remaining on his current deal.

Starting Pitchers With High Buyouts

Walker signed a $20MM guarantee with the Mets over the 2020-21 offseason. The deal was front-loaded but came with a $6MM player option or a $3MM buyout for 2023. Adding a player option allowed the Mets to soften the contract’s luxury tax hit. Because player options are treated as guaranteed money, it technically qualified as a three-year, $20MM deal with a $6.67MM average annual value for CBT purposes. Yet the $3MM gap between the option value and the buyout meant Walker was a virtual lock to opt out, barring injury that made him unable to pitch next season. The Associated Press reports the option has various escalators that could push its value as high as $8.5MM if Walker throws 175 innings this year, but even that figure is modest enough he’s going to decline.

Walker should opt out in search of a multi-year deal, as he’s been a valuable mid-rotation arm for New York. Over 117 1/3 frames, he owns a 3.38 ERA despite a modest 18.3% strikeout rate. His blend of plus control and solid ground-ball rates makes him a candidate for a three-year pact as he heads into his age-30 season. The Mets will have an interesting decision on whether to tag him with a qualifying offer.

Like Walker, Odorizzi signed late in the 2020-21 offseason on a deal that locked in the first two seasons and gave the player a third-year option. Odorizzi’s contract with the Astros was similarly structured to facilitate a third-year buyout while diminishing the AAV for luxury tax purposes, although he’s deciding on a bit more money. The option was initially valued at $6.5MM with a $3.25MM buyout, but the Associated Press provided a breakdown of various escalators. The option value would jump by $2MM apiece if Odorizzi reached 20, 25 and 30 appearances between 2021-22 in which he either started the game or worked four-plus innings of relief. The buyout value would spike by $1MM apiece for hitting each of those thresholds.

Odorizzi has already made 41 such appearances over the past two years, so he’s long since maxed out both thresholds. He’ll therefore be deciding between a $12.5MM option to return to the Braves or taking a $6.25MM buyout and heading to free agency. With only a $6.25MM difference between the option value and the buyout, Odorizzi looks like a borderline opt-out case. He owns a 3.90 ERA across 85 1/3 innings this season, although his 18.3% strikeout rate is a few points below league average. He’ll be 33 by next Opening Day, and he didn’t find as robust interest as most expected he would during his last trip through free agency. He’s a quality strike-thrower and a perfectly fine back-of-the-rotation starter, but it’s now been three years since he’s missed bats at an above-average rate, and he was traded this summer in a one-for-one swap for an underperforming reliever (Will Smith).

Easy Calls To Return

  • Chris Sale, Red Sox LHP (can opt out of final two years and $55MM)

Sale has the right to pass on the final two years of his extension with the Red Sox this winter, but he certainly won’t do so. He’s made just 11 starts over the past three seasons due to various injuries, including a 2020 Tommy John surgery and a trio of fractures (rib, finger and wrist) this year. Sale has still flashed mid-rotation or better upside in the limited time he’s been on the field, but there’s too much uncertainty with his health to land anywhere near $55MM were he to test the market.

  • Eric Hosmer, Red Sox 1B (can opt out of final three years and $39MM)

Hosmer’s opt-in decision is a no-brainer. Since signing a $144MM contract with the Padres heading into 2018, he’s posted a league average .264/.325/.409 slash line. Paired with his lack of defensive versatility and mixed reviews on his glovework (public metrics have never been as fond of Hosmer as his four Gold Gloves would suggest), he’d probably be limited to one-year offers were he a free agent. The Padres will remain on the hook for virtually all of the money, as they agreed to pay down Hosmer’s deal to the league minimum salary to facilitate his trade to the Red Sox.

  • Jorge Soler, Marlins LF (can opt out of final two years and $24MM; deal also contains post-2023 opt-out if Soler opts in this year)

Soler parlayed a big second half and huge batted ball metrics into a three-year deal with Miami last offseason. His massive raw power hasn’t translated into especially strong results since he’s become a Marlin, however. He’s been a below-average hitter, and it’s now been three years since he was a middle-of-the-order caliber player over a full season. Paired with a limited defensive profile that keeps him in the corner outfield or at designated hitter, he’s been right around replacement level this season. He’s not opting out this year, but a big showing in 2023 could allow him to reconsider the possibility next winter.

  • AJ Pollock, White Sox LF ($11MM option, $5MM buyout)

The White Sox acquired Pollock just before the start of the season, sending Craig Kimbrel to the Dodgers in a surprising one-for-one swap. The hope was that they’d addressed a notable hole in the corner outfield, but Pollock’s production has cratered in Chicago. Just a season removed from a .297/.355/.536 showing in L.A., he’s stumbled to a .237/.284/.363 line through 401 plate appearances with the ChiSox. Even with a fairly modest $6MM gap between the option’s present value and the buyout, Pollock is likely to bypass a trip to free agency after a replacement-level platform season.

The present $11MM option value isn’t fixed, as Pollock’s contract contains escalators that could boost it a bit further. Originally set at $10MM, he’d lock in an extra $1MM for hitting each of 400, 450, 500, 550 and 600 plate appearances this season. He’s already surpassed 400 trips, and the 450 mark is well within range with 34 games remaining. Consistent playing time down the stretch would allow him to reach 500 plate appearances as well, although it’s hard to envision him getting to 550. The most likely outcome is that the option price ends up at $12MM, but anywhere between $11-13MM is viable.

Schoop signed a two-year, $15MM extension amidst a productive 2021 season in Detroit. While a defensible enough decision for the Tigers at the time, that hasn’t panned out. The veteran second baseman has a .235 on-base percentage that’s easily the worst in the majors among players with 400+ plate appearances. He’s posted otherworldly defensive marks this season and could well collect a Gold Glove, but the complete lack of production at the dish should make him a lock to exercise his option.

Blackmon exercised a 2022 option last season, and he went on the record at the time as saying he’d trigger the 2023 provision as well. There’s no intrigue as to his decision — he’ll be back in Colorado next year — the only question is how much he’ll make. The ’23 option came with a $10MM base value, but ESPN reported it’d escalate by $500K apiece if Blackmon reached 400, 425, 450, 475, 500, and 525 plate appearances in 2022. It’d jump another $1MM apiece at 550 and 575 trips.

The veteran outfielder enters play Tuesday with 490 plate appearances, so he’s already pushed the value to $12MM. Barring injury, he’s a lock to hit at least the 525 PA mark, and he’s quite likely to get all the way to 575. Colorado has 33 games remaining, and Blackmon is only 85 plate appearances (2.76 per game) from maxing out the plate appearance threshold at $15MM. The deal also contained escalators based on MVP finishes which Blackmon will not hit.

Relievers

  • Nick Martinez, Padres RHP (can opt out of final three years and $19.5MM this offseason, $1.5MM buyout; deal also contains opt-out chances after 2023 and 2024 if Martinez opts in)

Martinez signed a four-year, $25.5MM guarantee with San Diego this past winter. That deal contained opt-out chances after each of the first three seasons for the former NPB hurler, but it seems unlikely Martinez will take his first opportunity to return to the open market. He has a strong 3.02 ERA over 92 1/3 innings during his return season in the big leagues, but he’s worked as a swingman for a San Diego team that has quite a bit of rotation depth. Martinez has excelled as a reliever, pitching to a 1.35 ERA while holding opponents to a .208/.258/.295 line in 40 innings. That’s come with a modest 21.5% strikeout rate, though, and he doesn’t brandish the power arsenal teams tend to prioritize late in games.

Entering his age-32 season, Martinez probably wouldn’t find a better deal that the opt-out laden three years and $18MM (after factoring in the buyout price) he’d be bypassing to return to the open market. The Friars have to be happy with their investment considering his excellence out of the bullpen, but the surprisingly strong deal they gave him in the first place makes it hard to see him doing much better elsewhere even on the heels of a quality first season.

Detroit signed the ever-reliable Chafin late last offseason, and they’ve been rewarded with another excellent year. Through 43 1/3 innings, he’s posted a 2.91 ERA while striking out more than 30% of opponents with an excellent 52.3% ground-ball rate. The market probably undervalued Chafin last winter; it’d be hard to do so again after another very good season. In a vacuum, declining the option and topping $6.5MM in free agency seems likely.

That said, the Tigers decision to not trade Chafin at this summer’s deadline was tied to a belief he could stick around. Evan Petzold of the Detroit Free-Press reported shortly before the deadline that Detroit’s proximity to Chafin’s Ohio home could lead him to return in 2023 if he weren’t moved before August 2. That led to a disconnect in his trade value, with the Tigers confident they still possessed a year and a half of his services while other clubs viewed him as an impending free agent. From a strict financial perspective, opting out is the prudent call. Yet the family considerations Petzold noted would make the decision more complicated if Chafin’s priority isn’t simply to maximize his earnings.

San Diego added Suárez, who’d never previously pitched in the majors, on the heels of an excellent career closing in Japan. He had a nightmare outing on Opening Day where he dished out free passes to all three batters he faced, but he’s been quite effective since that point. Excluding his first appearance, Suárez owns a 2.36 ERA with a strong 29% strikeout rate in 34 1/3 innings. He’s still had spotty control, but he’s averaging north of 97 MPH on his fastball. He’d only need to beat $4MM on the open market, and something around that rate over a multi-year term feels attainable heading into his age-32 season. A rough final couple months could change the calculus, but Suárez seems likely to retest free agency at the moment.

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