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Astros Notes: McCormick, Javier, Urquidy, Hader

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The Astros placed Chas McCormick on the 10-day injured list, retroactive to April 28, before tonight’s matchup with the Guardians. The outfielder is dealing with right hamstring discomfort. Infielder Jacob Amaya was recalled in his place, while the Astros also brought up Trey Cabbage (a move first reported by Ari Alexander of KPRC 2) to take the spot vacated when they optioned José Abreu last night.

McCormick had a tough first month of the season. The typically steady left fielder is out to a .236/.325/.278 slash through 83 plate appearances. He still has yet to hit a home run after connecting on a career-high 22 longballs a season ago. McCormick had been an above-average hitter in each of his first three campaigns. Last year’s .273/.353/.489 line was the best work of his career.

His effort to get on track will be put on pause by the hamstring issue, although there’s nothing to suggest he’s facing a long-term absence. Joey Loperfido has gotten the nod in left field for the past two nights. The rookie could be in line for regular playing time on the grass after hitting 13 homers in 25 games for Triple-A Sugar Land. Loperfido could also pick up first base reps as the Astros rotate through options to replace Abreu. Jon Singleton has gotten the nod at that position in each of the last two games.

McCormick and utility infielder Grae Kessinger are Houston’s only position players on the IL. They haven’t been nearly as fortunate on the pitching side. Most of their rotation has spent time on the injured list at some point. Luis Garcia and Lance McCullers Jr. are still a ways away in their rehabs from arm surgeries, while José Urquidy and Cristian Javier are on the 15-day IL.

Houston released encouraging updates on the latter two right-handers this afternoon. Manager Joe Espada told reporters (including The Athletic’s Chandler Rome) that the Astros might reinstate Javier to start Sunday’s matchup with the Mariners. Javier has been out since April 18 with neck discomfort, so he could make it back not long after the 15-day minimum if things go well in the next few days.

Urquidy has been battling a longer-term ailment. He reported elbow pain in Spring Training and was eventually diagnosed with a forearm strain. Urquidy has been on the IL for the entire season but could be nearing a rehab stint. Espada indicated that the 29-year-old threw 30 pitches in a live batting practice session today (X link via Brian McTaggart of MLB.com). If Urquidy gets through one more session without issue, he could report to a minor league affiliate to build into game shape.

In a rare Astros pitching development not related to injury, Espada tabbed star closer Josh Hader for a two-inning stint in yesterday’s extra-inning win over the Guards. The Astros called on Hader to keep the game tied in the top of the ninth. When both teams failed to score, they sent him back out for the tenth. He allowed the automatic runner to score but got credited for the win when Victor Caratini popped a two-out walk-off homer in the bottom half.

That was not just Hader’s first multi-inning appearance of the season. It was the first time he’d worked more than one inning in a regular season game since 2020; he hadn’t completed two full innings since 2019 when he was a member of the Brewers. As he became more established, Hader had been vocal about not wanting to work more than one inning.

The five-time All-Star indicated that’s no longer the case now that he has secured a five-year, $95MM free agent contract. Hader told the Houston beat that his expectation for 2024 is “to be available for multiple innings” (link via The Houston Chronicle’s Matt Kawahara). The southpaw contrasted that to the past few seasons when he was going through the arbitration system and didn’t have long-term financial security. Those comments may not sit well with the Milwaukee or San Diego fanbases, but it’s a nice boost for the Astros.

Hader has had some uncharacteristic struggles in his first month in Houston. He has allowed 10 runs (nine earned) through his first 12 2/3 innings. Hader has recorded 21 strikeouts behind a huge 16% swinging strike rate, though, so he should find more consistency as the season goes along. The back of the bullpen has been a surprising disappointment thus far. Bryan Abreu and Ryan Pressly have also scuffled, contributing to Houston’s 10-19 start.

Yankees, Dodgers Had Interest In Josh Hader Prior To Astros Deal

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New Astros relief ace Josh Hader made an appearance on Foul Territory earlier this week during which he discussed his free agency and some of the other teams that pursued him prior to him signing in Houston on a five-year deal last month. Among those teams, Hader noted, were the Dodgers and Yankees. Hader went on to indicate that while those clubs weren’t the only ones to express interest in him throughout the offseason, no other suitor matched the aggressiveness of the Astros, whose $95MM offer broke the record for present-day value for a relief pitcher.

It’s hardly a shock that the Dodgers and Yankees both checked in on the 29-year-old hurler this winter. A five-time All Star and three-time NL Reliever of the Year winner, Hader broke into the majors with the Brewers in 2017 and posted a dominant 2.08 ERA across 47 2/3 innings of work during that rookie campaign. The lefty hasn’t looked back since and has posted an incredible 2.50 ERA and 2.73 FIP while collecting 165 saves across 349 appearances during his career. Hader leads all relievers with an incredible 42.2% strikeout rate since his career began back in 2017, and is coming off an otherworldly platform season where he posted a microscopic 1.28 ERA in 61 appearances.

Both clubs were known to be interested in adding relief help this winter and certainly had the financial resources available to get a deal done, though they ultimately opted to look elsewhere rather than offer Hader the sort of nine-figure deal that would’ve topped Houston’s offer. Hader’s deal with the Astros served as a catalyst for the rest of the high-leverage relief market, and upwards of a dozen bullpen arms with late-inning experience have come off the market since then including the likes of Robert Stephenson, Aroldis Chapman, and David Robertson. In that frenzy of activity, the Dodgers came away with right-hander Ryan Brasier, who dominated to a 0.70 ERA in 39 appearances with the club last year. Meanwhile, the Yankees swung a deal to acquire southpaw Caleb Ferguson from L.A. on the same day the Dodgers landed Brasier.

Both Brasier and Ferguson are quality arms with plenty of late-inning experience under their belts, though neither has the sort of pedigree offered by Hader. While it’s not impossible to imagine either club making another addition to their relief mix before Opening Day, the surefire options still available in free agency are somewhat few and far between. Former Astros right-hander Ryne Stanek is among the options remaining and sports a solid 2.90 ERA over the last three seasons, though the market is largely dominated by bounceback candidates such as Brad Hand and Mychal Givens at this stage of the offseason.

Should either the Dodgers or Yankees decide to further bolster their relief corps in the coming weeks, one possible option who still lingers on the market would be Red Sox closer Kenley Jansen, who the club has reportedly shown a willingness to shop this winter. The Dodgers were connected to Jansen, who spent the first twelve seasons of his career with the club before signing with the Braves prior to the 2022 season, earlier in the offseason. The same can’t be said of the Yankees, though it is worth pointing out that the longtime AL East rivals have shown an increased willingness to trade with each other in recent years, including a deal that sent Alex Verdugo to the Bronx earlier this winter. As a 14-year MLB veteran with 420 career saves and a 3.63 ERA across 51 appearances in Boston last year, Jansen would provide an upgrade to the relief mix of either club, though he’s owed a hefty $16MM in the final year of his contract this season.

MLBTR Podcast: The Broadcasting Landscape, Josh Hader and the Relief Market

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…

Plus, we answer your questions, including…

  • Does J.D. Martinez make sense for the Angels? (24:30)
  • With the Mets in rebuild/retooling mode and the Mariners in need of another infield bat (and a surplus of controllable young arms), is there a trade there? (27:55)
  • How odd is it that we are this late in January and have several players likely to get multi-year deals? (31:55)

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Astros Notes: Extensions, Hader, Pressly, McCullers

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While the Astros prepare for the 2024 season, star infielders Jose Altuve and Alex Bregman are headed into the final years of their contracts, with free agency looming next winter. As relayed by The Athletic’s Chandler Rome, Houston GM Dana Brown recently made clear that the club has not had extension discussions with either player this winter. The same goes for outfielder Kyle Tucker, who Rome adds recently indicated that he and the club did not discuss a long-term extension before agreeing to a $12MM salary for the 2024 season to avoid arbitration earlier this month. This winter marked Tucker’s penultimate trip through arbitration, and he’ll be eligible for free agency following the 2025 season.

That the team has not yet broached possible extension talks with any of the aforementioned trio is something of a surprise. Houston has leaned heavily on extensions to keep its core together since the team first returned to contention back in 2015. Over the past six years, the Astos have handed out extensions to Altuve, Bregman, Ryan Pressly (in both 2019 and 2022), Justin Verlander, Yordan Alvarez, Cristian Javier, and Lance McCullers Jr. that extended the team’s window of control over each player.

With that being said, it’s worth noting that an unusually slow offseason has left the baseball world still in the thick of free agency, which could serve as a complicating factor in potential extension talks. Such discussions, particularly those for players like Altuve and Bregman who are not under control via arbitration, are often held once Spring Training begins. Last spring, Astros brass expressed a desire to work out deals with each of Altuve, Bregman, Tucker, Javier, and Framber Valdez, though the aforementioned Javier extension was the only one that ultimately got done. While it’s certainly possible that any of the trio could begin extension negotiations with the club after reporting to camp next month, each is a multi-time All Star coming off a strong season at the plate and could prove expensive to lock in long-term when free agency is just over the horizon.

More notes from Houston…

  • Now that the Astros have agreed to a five-year deal to bring star closer Josh Hader to Houston it seems as though Pressly, who has served as the club’s closer in each of the past four seasons, may be moving out of that role. Rome notes, however, that both Brown and manager Joe Espada discussed the situation with the 35-year-old veteran in the days leading up to their agreement with Hader. Each said that the conversation with Pressly went well, adding that he’s “all in” for his new role in the club’s bullpen as a premiere set-up option to Hader alongside youngster Bryan Abreu. Pressly posted a solid 3.58 ERA and 3.36 FIP while striking out 27.6% of batters faced last season, while Abreu dominated opposing hitters with a 34.8% strikeout rate and a 1.75 ERA in 72 appearances. Adding Hader to the mix figures to give Houston perhaps the most fearsome back-end trio in any bullpen around the league entering the 2024 campaign.
  • Rome also relayed an update on the status of McCullers, who underwent flexor tendon surgery back in June. McCullers has progressed to the point of throwing off flat ground from 80 feet away and noted that he’s feeling good, though when asked about his timetable for return suggested that a feasible timeline could involve him returning sometime during the late summer. With three years remaining on the contract extension the righty signed prior to the 2021 season, the deal hasn’t gone how either side was hoping to this point. While he’s pitched to a strong 3.16 ERA and 3.55 FIP with a 26.3% strikeout rate since the ink dried on the pact, he’s made just 47 starts across the past three seasons and appears ticketed for another season spent primarily on the shelf in 2024. Until McCullers returns to action, the club figures to rely on some combination of Jose Urquidy, Hunter Brown, and J.P. France to fill out the rotation alongside Verlander, Valdez, and Javier.

Astros Sign Josh Hader To Five-Year Contract

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The Astros announced they have signed left-hander Josh Hader. It is reportedly a five-year, $95MM contract. The deal has no deferrals, which makes it the largest contract ever given to a relief pitcher in terms of present-day value. Edwin Díaz signed a $102MM deal with the Mets prior to last season, setting a new benchmark for a reliever, but there was some deferred money that dropped the present-day value and competitive balance tax calculation to around $93MM.

Josh Hader | Charles LeClaire-USA TODAY SportsHader, a CAA Sports client, will earn $19MM annually through the 2028 season. The southpaw can also collect an additional $1MM bonus for winning the Reliever of the Year Award, an honor he has already received three times in his career. The deal contains a full no-trade clause and no options, team or player alike.

On Thursday, Rome and Ken Rosenthal of The Athletic reported the Astros were “making a push” to sign the five-time All-Star. It came as little surprise that GM Dana Brown was looking to supplement a bullpen that lost several key players to free agency, namely Héctor Neris, Phil Maton, and Ryne Stanek. In addition, 2023 trade deadline acquisition Kendall Graveman is likely to miss the entire 2024 season after undergoing shoulder surgery. That said, Brown recently downplayed his desire to add another reliever. After the news broke of Graveman’s surgery, the GM told Brian McTaggart of MLB.com that the Astros were “still in the market for relievers,” but also said, “We got some internal candidates that we really feel good about.” In a similar vein, he told Rome, “We just may have to get one more body or one of our guys internally will step up.”

On top of that, Brown told reporters during the GM Meetings in November that he didn’t have “a ton” of payroll flexibility to work with. Thus, Astros fans began to brace themselves for a slow offseason, and rumors even began to emerge that the team could trade All-Stars Alex Bregman and Framber Valdez

In hindsight, the executive was clearly keeping his cards close to his chest. After all, signing the top reliever on the market to a record-breaking contract is just about the complete opposite of tightening the purse strings and hoping an internal candidate steps up. Indeed, Hader’s salary brings the Astros over the first luxury tax threshold and dangerously close to the second; according to Roster Resource, their CBT payroll sits at $254.6MM, less than $3MM away from the $257MM threshold. Houston has never paid the luxury tax before, although the team crossed the threshold in 2020 when there were no penalties for doing so.

Because Hader rejected a qualifying offer from the Padres, the Astros will lose their second-highest pick in the upcoming draft, as well as $500,000 in international bonus pool money. However, the extra penalties they could face as Competitive Balance Tax payors won’t kick in until next offseason; if the Astros remain over the CBT threshold throughout 2024 and sign another QO free agent next winter, they will forfeit their second- and fifth-highest draft picks, as well as $1 million in international bonus pool money.

The Astros don’t usually sign free agents with qualifying offers attached to them, just as they don’t usually exceed the CBT threshold. To that end, they don’t often sign $95MM deals. As Rome points out on X, this is the largest free agent contract the club has signed in Jim Crane’s 12-year tenure as owner of the Astros. Evidently, then, Crane and Brown have high hopes for what Hader can bring to the bullpen – and for good reason. The left-hander has long been one of the top relievers in the game. Across seven MLB seasons with the Brewers and Padres, he boasts a 2.50 ERA, 2.27 SIERA, and 165 saves in 190 chances. Since his debut in 2017, no pitcher (min. 5 IP) has struck out batters at a higher rate.

Hader, who turns 30 this April, looked as dominant as ever in 2023, ranking second among qualified NL relievers with a 1.28 ERA. Meanwhile, his Statcast expected ERA ranked third in all of baseball. What’s more, he recorded 33 saves in 61 games, crossing the 30-save threshold for the fourth time in his career. With a hard sinker and mystifying slider, he recorded 85 strikeouts in 56 1/3 innings of work.

The presumptive closer will join right-handers Ryan Pressly and Bryan Abreu at the back of what could be the scariest bullpen in the American League. The Astros ranked fourth in the AL in bullpen ERA last season and first from the trade deadline through the end of the year. Although Houston has parted ways with several key contributors this winter, adding Hader goes a long way toward replenishing what was lost. The three departing relievers, plus Graveman, provided the Astros with 1.4 Wins Above Replacement (WAR) last season, per FanGraphs. Hader alone was worth 1.7 WAR in 2023 and has averaged 1.94 WAR per 60 games throughout his career. While he cannot cover the workload of four separate pitchers all on his own, he should provide his team with 50-60 valuable innings in the most high-leverage spots. The Astros could still use some more depth to fill out the bullpen, but their back-end trio of Hader, Pressly, and Abreu might be the best one-two-three punch in the game.

Jeff Passan of ESPN first reported the two sides were in agreement on a five-year, $95MM deal with no deferrals. Mark Feinsand of MLB.com first relayed the even $19MM salaries, no-trade clause and award bonus. Joel Sherman of The New York Post relayed the $1MM value of that bonus. Chandler Rome of The Athletic reported the lack of options or opt-outs.

Astros “Making A Push” To Sign Josh Hader

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The Astros are “making a push” to sign left-hander Josh Hader, per a report from Chandler Rome and Ken Rosenthal of The Athletic. The southpaw is represented by CAA Sports.

It hasn’t yet been reported what kind of contract discussions are taking place between the club and Hader’s representatives, but it will undoubtedly involve significant numbers. It was reported earlier this month that Hader was aiming to set a new benchmark for relievers by surpassing the Edwin Díaz deal from just over a year ago. Díaz re-signed with the Mets for $102MM over five years, though deferrals dropped the competitive balance tax value to $93MM. At the start of the offseason, MLBTR predicted that Hader could indeed set a new record by getting to $110MM over six years.

Those hefty proposals are a reflection of Hader’s incredible work to this point in his career. Over 349 career appearances dating back to his 2017 debut, he has allowed just 2.50 earned runs per nine innings. His 10.2% walk rate is a tad high, but he has punched out 42.2% of batters that have stepped into the box against him. That included a strange blip in 2022 when his ERA jumped to 5.22, but the peripherals were still strong and he righted the ship last year, getting that ERA all the way down to 1.28.

The vast majority of that work has come as a closer, with Hader having racked up at least 33 saves in each of the past four full seasons, as well as 13 in the shortened 2020 campaign. These kinds of elite closers don’t grow on trees. That 42.2% strikeout rate over the past seven years is the highest in baseball among those with at least five innings pitched. Díaz has punched out 40.3% of opponents in his career, though with a better walk rate than Hader and more ground balls.

If the Astros end up sealing the deal with Hader, the details will come out and we will find out how the deal compares to the one Díaz signed with the Mets. It hasn’t been a secret that Houston has been looking to upgrade its bullpen, but it is at least a bit surprising to see them going after the top available free agent. The club has only once pushed their payroll into competitive balance tax territory, and that was in the shortened 2020 season when MLB suspended the tax system amid the pandemic.

That means the franchise still technically hasn’t “paid” the tax, but it seems as though 2024 may be the year. Roster Resource currently estimates that the club’s CBT number is just over $236MM, with this year’s base threshold set for $237MM. That means that adding essentially any money at all would push them over the line. If Hader were to secure the six-year, $110MM deal that MLBTR predicted, that would come with a CBT hit of $18.33MM.

The fact that the club may be willing to finally step onto the other side of that line is perhaps a reflection of their bullpen situation. They lost each of Héctor Neris, Phil Maton and Ryne Stanek to free agency at the end of last year, subtracting three notable arms from their relief mix. General manager Dana Brown has frequently spoken about the need for bullpen upgrades this winter, and the situation got even worse with the recent news that Kendall Graveman will miss the entire 2024 campaign after undergoing shoulder surgery.

The club still has Ryan Pressly and Bryan Abreu as a strong foundation in the bullpen, but there’s plenty of uncertainty beyond those two. Rafael Montero parlayed a strong 2022 into a three-year, $34.5MM deal with Houston but then posted an ERA of 5.08 last year. Other than swingman Brandon Bielak, they don’t have any other relievers with two years of major league service time.

This week, Brown maintained that the club’s bullpen plans wouldn’t “intensify” due to the Graveman news, but perhaps it has inspired owner Jim Crane to push beyond his usual limits in order to address the relief corps. One pitcher wouldn’t eliminate the concerns around the overall depth, but the trio of Hader, Pressly and Abreu would be one of the most dominant late-inning groups in the sport.

Of course, it’s also possible the club could look to move some other contracts around in order to limbo back under the line, but that would come with its own challenges. There had been some speculation earlier this winter that Framber Valdez could be available for financial reasons, but that seemed to be a bit of wishful thinking coming from rival clubs as opposed to the Astros genuinely looking to move him. The lefty is going to make $12.1MM this year, and has one more season of arbitration control remaining, but trading him would open up a big hole in the rotation that is already going to start the season without Luis García and Lance McCullers Jr. due to injuries.

Beyond Valdez, Graveman has a CBT hit of $8MM but would be hard to move since he’s going to miss the entire season and then become a free agent. Houston would have to include some other talent, likely prospects, in order to make it worth it for another club to take that contract on. McCullers has a CBT hit of $17MM but similar logic would apply. His deal runs through 2026 but his significant health issues in his career and especially in recent years might make it hard for a deal to come together. Montero’s $11.5MM CBT hit over the next two seasons won’t be easily jettisoned after this down year.

Of course, all this is speculative under a deal with Hader is actually completed. There are still no details of what is being discussed or if it’s close to being completed. He has also received reported interest from the Orioles, while clubs like the Yankees, Rangers and Dodgers have been mentioned as speculative fits. Hader rejected a qualifying offer from the Padres so any signing club, whether it’s the Astros or someone else, will be subject to draft pick forfeiture and possibly a loss of international bonus pool money as well.

Mets Still Exploring Bullpen Market

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Jan. 10: SNY’s Andy Martino indicates that the Mets are planning to spend in the vicinity of another $10MM on the 2024 payroll, with the bullpen indeed standing as the top priority. That’d very likely leave room for acquisitions along the lines of Suter, Peralta, Brebbia or other middle-tier relievers in free agency but figures to take the Mets out of the running for Hader and any of the top-tier bats left on the market.

Jan 9: The Mets have signed three relievers to major league contracts this offseason — Jorge Lopez, Michael Tonkin, Austin Adams — but perhaps aren’t yet done adding to the relief corps. Joel Sherman of the New York Post writes that while the Mets are highly unlikely to play at the top of the relief market (i.e. Josh Hader), they’re active in the lower tiers, with a preference for a left-handed arm. Brent Suter and Wandy Peralta are among the potential targets, and Sherman suggests that righty John Brebbia could be of interest to the Mets as well.

Suter, 34, has drawn some interest as a starting pitcher this winter but would presumably slot into the bullpen role for the Mets, whose president of baseball operations, David Stearns, knows the lefty quite well from the pair’s days together in Milwaukee (2016-22). Suter spent the 2023 season with the Rockies and showed no ill effects even moving to Coors Field; he logged a 3.38 ERA with an 18.8% strikeout rate, 8.6% walk rate, 46.5% grounder rate and his characteristic brand of weak contact. Suter’s 84 mph average exit velocity, 26.3% hard-hit rate and 3.3% barrel rate all ranked in the 97th percentile or better among MLB pitchers.

While Suter has never been a huge strikeout arm, his nearly-impossible-to-barrel repertoire has long made him a successful big leaguer. He touts a 3.49 ERA since making his MLB debut back in 2016 and, since moving to a relief role back in 2020, has logged a 3.16 earned run average with a 21.4% strikeout rate and 7.6% walk rate. Suter’s age and lack of velocity — he averaged just 88.3 mph on his sinker in 2023 and has never topped an 88.4 mph average — might combine to tamp down his earning power, but he’s a candidate for a multi-year deal and could hold extra appeal to Stearns due to those Brewers ties.

Peralta, meanwhile, is a known commodity to another key Mets figure: incoming manager Carlos Mendoza. The former Yankees bench coach had a first-hand look at Peralta in each of the past three seasons as he became an increasingly important arm for the Yankees. From 2021-23, Peralta logged 153 innings of 2.82 ERA ball with a 21% strikeout rate, 10.2% walk rate and huge 56.5% ground-ball rate. While Peralta isn’t quite at Suter’s level of hard contact suppression, he’s been in the 88th percentile or better in terms of his own average exit velocity in each of the past four seasons.

Brebbia, 33, has spent the past three seasons in San Francisco and fared quite well for the most part. He posted an ugly 5.89 ERA in a tiny sample of 18 innings there back in 2021 — his first season back from Tommy John surgery. Since then, he’s worked to a 3.47 ERA in 106 1/3 frames with the Giants from 2022-23. Brebbia has worked as a setup man but was also a frequent opener for the Giants. He’s fresh off a career-best 29.2% strikeout rate. In six big league seasons between the Cardinals and Giants, he’s logged a 3.42 ERA with better-than-average strikeout and walk rates of 25.5% and 7.2%, respectively.

Any of the three listed possibilities would come to the Mets with more track record than their signings to date. Mets fans might be frustrated at the lack of high-profile targets for the team outside of Yoshinobu Yamamoto, who signed a 12-year contract with the Dodgers, but any of Suter, Peralta or Brebbia would improve the club’s bullpen — likely on relatively short-term deals. That comes with the benefit both of slightly bolstering the roster while also creating the possibility of emerging as a deadline trade candidate in the event that the Mets fall out of the running by July.

MLBTR Poll: Josh Hader’s Market

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There’s no doubt Josh Hader is going to land the largest contract of any reliever this offseason. The more interesting question is whether he’ll establish a new high-water mark for bullpen arms.

Edwin Díaz became the first reliever to cross the nine-figure threshold. The right-hander re-signed with the Mets on a five-year, $102MM pact shortly before free agency opened during the 2022-23 offseason. (Deferrals reduced the contract’s valuation for luxury tax purposes to a little above $93MM.) That set a clear target for Hader’s camp.

Andy Martino of SNY wrote last week that teams engaged with Hader believe he’s shooting for that record. It makes for an interesting comparison between the two pitchers. Díaz was a year younger than Hader is now. The former was going into his age-29 season, while the latter turns 30 not long after Opening Day.

Hader has been a little better from a run prevention perspective. In 388 2/3 career innings, he owns a 2.50 ERA. Díaz had a 2.93 mark over 399 1/3 frames entering free agency (which is still the case because he missed the 2023 season after injuring his knee celebrating a triumph in the World Baseball Classic). While Hader showed a willingness to work multiple innings early in his career, he made clear that he preferred to occupy a single-inning role in recent seasons. Their overall body of work is about the same, while their platform-year ERAs are quite similar.

Díaz allowed a 1.31 ERA over 62 innings in 2022; Hader surrendered 1.28 earned runs per nine through 56 1/3 frames a year ago. There’s very little difference between those two numbers, although Hader probably has the more impressive figure when placed in league context. The league average ERA for relievers jumped from 3.86 to 4.17, likely reflecting both a somewhat livelier ball and rule changes implemented over the 2022-23 offseason (i.e. shift limitations) designed to tilt the game more toward offense.

Of course, there’s far more to a pitcher’s performance than keeping runs off the board. That’s particularly true for relievers, whose numbers can be skewed greatly by one poor outing (or simply a subpar defense). Díaz is probably more dominant on a pitch-for-pitch basis. While Hader has the slight edge in career strikeout rate, his approximate 37% mark in each of the past two seasons are his lowest since his rookie year. That’s still an elite number, to be clear, but it’s well shy of the laughable 50.2% of hitters whom Díaz fanned in 2022.

Opponents swung through nearly a quarter of all pitches that Díaz threw in his platform year. Hader’s 15.6% swinging strike percentage from last season was “merely” excellent, the 18th-highest rate in MLB among pitchers with 50+ innings. Díaz’s mark not only led the majors in 2022, it was three percentage points clear of second-place Andrés Muñoz. Díaz also throws a bit harder. He averaged north of 99 MPH on his fastball and nearly 91 MPH on his slider. Hader’s 96 MPH fastball and 86 MPH slider are more conventional velocity figures, although they’ve each proven almost unhittable.

The Padres made Hader a qualifying offer. New York re-signed Díaz before the deadline to make the QO but surely would have done so if they hadn’t agreed to a long-term deal. The Mets knew that re-signing Díaz was waiving their ability to collect the draft compensation they’d have received if he departed, which was presumably factored into the contract price.

Unlike the Mets, San Diego seems content to take the compensatory pick. The Padres have cut payroll and suggested they’re not going to spend at the top of the market. There haven’t been many suitors to emerge publicly. The Orioles were linked to Hader early in the offseason. They signed Craig Kimbrel to a $13MM deal and now profile as a long shot for a top-of-the-market relief splash. Teams like the Yankees, Dodgers and Rangers have been mentioned as speculative fits but without firm ties. Joel Sherman of the New York Post suggested this morning the Mets weren’t likely to be in on Hader.

Hader is one of the three to five best relievers in the sport. His camp has surely received calls that have gone unreported. Yet it’s a little surprising there haven’t been more public revelations on his market.

How will things play out? Will Hader top Díaz and where will he end up?

 

 

Latest On Yoshinobu Yamamoto’s Market

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There’s been ample speculation about the eventual price tag of a Yoshinobu Yamamoto contract, but until early this week, the right-hander hadn’t discussed specific years and dollars with clubs, ESPN’s Jeff Passan reports.

Teams eyeing the NPB ace’s services were asked to submit a “preliminary” bid early in the process to gauge the seriousness of their interest, per Passan, but a follow-up round of more concrete bidding hadn’t taken place prior to this week. Yamamoto has met with several teams recently, presumably to familiarize himself with each organization and the systems and personnel in place at each potential landing spot. Entering the week, no teams had made a formal offer of $300MM or more, despite speculation to the contrary; none, in fact, had submitted a formal offer even beyond that preliminary bid. Passan wrote that some clubs have tried to broach the subject of years and dollars, but Yamamoto’s camp preferred to hold off until this week.

The Yankees, Mets, Dodgers, Giants, Red Sox, Phillies and perhaps the Blue Jays among the teams reported to have met with Yamamoto over the past 14 days. Ken Rosenthal of The Athletic characterized both the Phillies and Blue Jays as teams more on the periphery of the bidding as of this morning, however (video link). It takes only one aggressive bid to change that perception, of course, but it’s notable that they’re being framed in that manner at present.

The two New York clubs have long been known to be serious bidders for Yamamoto, though the manner in which he fits into each club’s landscape of potential offseason moves is quite different. The Yankees, for instance, have no intention of easing up even if they miss on Yamamoto. If they can’t lure the 25-year-old righty to the Bronx, Rosenthal suggests they’ll look to bolster the roster elsewhere. Among the possibilities he lays out are a run at bringing Jordan Montgomery back to the Bronx or perhaps building a stacked bullpen with pursuits of top-tier relievers like Josh Hader, Jordan Hicks and Robert Stephenson.

That seems to be a direct contrast to how the Mets are approaching the situation. The Athletic’s Will Sammon wrote over the weekend that the Mets are focused on Yamamoto and Yamamoto alone; they’re not expected to change course and pursue other marquee additions if Yamamoto ultimately signs elsewhere. Mike Puma of the New York Post reports that the Mets will submit a formal offer to Yamamoto in the next couple of days, adding that the team’s expectation has been that Yamamoto will reach a decision before next Monday. That’s entirely dependent on the player’s mindset, of course; Yamamoto’s 45-day negotiation window with MLB clubs doesn’t draw to a close until Jan. 4.

MLBTR polled readers last week, with more than 27% indicating they believe Yamamoto will sign somewhere between $300-325MM, not including the posting/release fee owed to his former club, the Orix Buffaloes. The Yankees and Dodgers were the top predicted landing spots, with both drawing about 22% of the vote (though the Yankees technically garnered 88 more of the 17,000+ votes than the Dodgers).

Orioles Have Shown Interest In Josh Hader, Jordan Hicks

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At the GM Meetings earlier this month, Baltimore general manager Mike Elias told reporters the team was seeking a late-game reliever. They’re considering plugging that vacancy in free agency.

Jon Heyman of the New York Post reports that the O’s have been in contact with each of Josh Hader, Jordan Hicks, Craig Kimbrel and Aroldis Chapman. All four hurlers fit the general profile of a late-inning arm, although they’re clearly in different tiers of free agency.

Hader is the best reliever in the class (and arguably the top bullpen arm in the majors). He worked to a 1.28 ERA over 56 1/3 innings during his platform season. The lanky southpaw punched out 36.8% of batters faced. That’s actually Hader’s lowest strikeout percentage since his rookie year, yet it still ranked fifth in MLB among relievers with 50+ innings. Only Chris Martin and Brusdar Graterol had a lower earned run average.

After frequently working multiple innings earlier in his career, Hader has expressed a preference for a traditional one-inning role over the past couple years. The Padres deployed him as a closer. He picked up 33 saves in 38 attempts.

The year marked an emphatic bounce back from a 2022 season in which he’d posted an uncharacteristic 5.22 ERA. Hader has posted an ERA under 1.30 in two of the last three years and has five sub-3.00 showings over his seven MLB seasons. While he’s a year older than Edwin Díaz was last offseason, Hader figures to take aim at topping Diaz’s $102MM guarantee with the Mets — the largest relief contract in MLB history.

Committing a nine-figure deal would be far bolder than any free agent decision that the Elias front office has made. The O’s have remarkably yet to sign a single multi-year free agent deal in his five years as GM. Much of that came during a rebuild, of course, but the O’s remained cautious even as they’d begun to turn a corner last winter. Baltimore signed a trio of veterans (Kyle Gibson, Adam Frazier and Mychal Givens) for a combined $23MM on one-year guarantees.

After a breakout season that saw the O’s win 101 games to take the top seed in the American League, the front office should be more aggressive than ever. Bringing in Hader would represent a very significant shift in operating procedure. In addition to the huge financial commitment, Baltimore would have to relinquish their third-highest pick in next summer’s draft. Hader declined a qualifying offer from the Padres, so he’s attached to signing compensation.

If the O’s are willing to meet those costs, Hader is a sensible target. He’s one of the few relievers who can approach the kind of production the O’s lost when Félix Bautista underwent Tommy John surgery that’ll cost him the entire 2024 season. Hader is also a Maryland native who began his professional career as a 19th-round pick by the Orioles in 2012. While that selection was made by a previous front office, Elias was a high-ranking scouting official with the Astros when Houston acquired Hader as a prospect at the 2013 deadline.

Hader is in his own tier as a free agent relief target. Hicks finds himself in the next group, arguably the #2 option on the open market. One of the hardest throwers in the sport, he averages around 100 MPH on his sinker. Hicks has wobbly control but consistently runs huge ground-ball numbers. He’s coming off arguably the best season of his career, turning in 65 2/3 innings of 3.29 ERA ball between the Cardinals and Blue Jays. The righty struck out a solid 28.4% of batters faced, the highest rate of his career.

Injuries (most notably a June ’19 Tommy John procedure) dogged Hicks between 2019-21. He has mostly stayed healthy over the past two seasons, topping 60 frames in each. He’s also the youngest free agent reliever of note, having turned 27 in September. Hicks should secure at least three years and has a solid case for a four-year pact at an average annual value in the $8-10MM range.

Chapman and Kimbrel would be shorter-term plays. Two of the best closers of their generation, they’re each entering their age-36 campaign. Both pitchers have battled some inconsistency in recent seasons, but they’re coming off solid 2023 performances. Chapman worked to a 3.09 ERA with an eye-popping 41.4% strikeout percentage over 58 1/3 frames between the Royals and Rangers. Kimbrel posted a 3.26 ERA while fanning a little over a third of his opponents in 69 regular season innings with Philadelphia, although he struggled over six innings in the playoffs.

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