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Lucas Giolito

Angels Acquire Lucas Giolito, Reynaldo Lopez

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The Angels are pushing the chips in. The Halos swung a late-night trade for Lucas Giolito and Reynaldo López from the White Sox, the teams announced. Prospects Edgar Quero and Ky Bush are going back to Chicago.

Los Angeles declared themselves buyers this evening when they formally took Shohei Ohtani off the trade market. Once they committed to making a push in Ohtani’s final season of club control, there was little reason not to act boldly. They’ve done just that, surrendering two of their top prospects for the top rental starter available and a relief upgrade.

Ironically, Giolito and López both landed with the White Sox in the same trade nearly seven years ago. Both had debuted with the Nationals in 2016 before being included in the Adam Eaton package during that year’s Winter Meetings. They’ve spent the past six-plus seasons on Chicago’s South Side.

Giolito has developed into the more valuable of the duo. After a disastrous 2018 season, the Southern California native blossomed into an upper mid-rotation starter. He has posted a sub-4.00 ERA in four of the past five years, including a 3.79 mark through 121 frames this season.

He has backed up that solid run prevention with above-average peripherals. Giolito is striking out 25.8% of opponents against an 8.3% walk rate. He’s generating swinging strikes on 11.9% of his offerings. It’s a third consecutive season in which he’s been above-average across the board.

Giolito hasn’t quite developed into the ace it seemed he might become when he finished in the top 10 in Cy Young balloting in 2019-20. His average fastball speed is down a tick from those peak seasons, and he’s lost a few whiffs on each of his offerings. Still, the 29-year-old is a clear playoff caliber starter. He averages just under six innings per start while holding opponents to a .232/.301/.430 batting line. Giolito is effective against hitters of either handedness and has essentially avoided any major injuries in his MLB career.

That kind of durability and effectiveness should be a major boost to a Halos’ rotation that entered play Wednesday ranked 20th in the majors in ERA. Ohtani is the one pitcher allowing fewer than four earned runs per nine on the season. Reid Detmers has a 4.38 ERA but a strikeout rate north of 29% that suggests he fits well in the middle of a rotation. Patrick Sandoval and Griffin Canning have been fine back-end arms. Tyler Anderson has underperformed in the first season of a three-year deal, working to a 5.18 ERA. He slots sixth in the Halos’ six-man starting staff, while Giolito’s addition should firmly push Jaime Barria into long relief if the rest of the group stays healthy.

Barria has been more effective out of the bullpen than when pressed into rotation work. Giolito’s acquisition indirectly upgrades the relief corps in that regard, while the addition of López helps the bullpen in a more straightforward way.

The 29-year-old righty moved to relief for good by the start of the 2022 season. He was excellent in that role last year, pitching to a 2.76 ERA across 65 1/3 frames. It has been more of a mixed bag in 2023. López carries a 4.29 ERA in 42 innings. His walks have jumped from a minuscule 4.3% clip last year to a concerning 12.4% rate.

However, the uptick in free passes has been paired with a jump in whiffs. López has punched out a career-best 29.2% of batters faced. He’s picking up swinging strikes on 13.4% of his offerings while averaging 98.3 MPH on his heater and 87.9 MPH on the slider. López is a high-octane arm to pair with Matt Moore as setup options in front of closer Carlos Estévez. The Halos could look for additional ways of bolstering the middle innings mix between now and the August 1 trade deadline.

Both Giolito and López are firmly win-now pieces. Each is an impending free agent. Giolito is arguably the top non-Ohtani starter who’ll hit the open market. He’s on his way to exceeding nine figures. That always made it likely the White Sox — whose franchise-record expenditure is the $75MM Andrew Benintendi pact — would not re-sign him.

A midseason deal, while not unexpected, is a nice boost to Giolito’s eventual earning power. Players traded midseason cannot be tagged with a qualifying offer. Giolito would obviously have received one had the Sox retained him past the deadline, but he’ll now hit the open market without a signing team needing to forfeit draft capital.

The more immediate benefit, of course, is that both pitchers will get a chance to compete for a postseason spot. The Halos are four games out in the Wild Card race and seven back in the AL West. They’re clearly pushing the chips in for this season and figure to continue to be aggressive in the next few days. Adding corner infield help with Anthony Rendon and Brandon Drury on the shelf and Jared Walsh struggling enough to be optioned to Triple-A makes plenty of sense; to that end, the Halos have reportedly been in touch with the Nationals regarding third baseman Jeimer Candelario.

As part of that all-in mentality, the Angels relinquished a pair of their most talented prospects. Quero is one of the game’s top minor league backstops. The switch-hitter reached Double-A by his 20th birthday and is holding his own in a pitcher-friendly setting. Over 317 plate appearances, Quero owns a .245/.385/.332 batting line. He’s only hit three home runs but is walking at a massive 17% clip while striking out just 16.7% of the time.

That kind of plate discipline is exceptionally rare for a hitter so young. The Cuban-born backstop is the sport’s #61 overall prospect at FanGraphs and 85th at Baseball America. Scouting reports predictably rave about his advanced offensive skills and suggest he has a good chance to be a regular in the long term.

The Halos already have a potential catcher of the future in Logan O’Hoppe. Acquired from the Phillies last summer, O’Hoppe has been limited to 21 big league contests because of a labrum tear in his shoulder. He’s controllable for five seasons beyond this one, though, perhaps making Quero a little more expendable to the organization.

Chicago had no such long-term answer behind the dish. Yasmani Grandal is headed to free agency on the heels of a fine but unexceptional year. It’s probably unreasonable to expect Quero to immediately succeed Grandal as the #1 backstop next season, but it doesn’t seem out of the question he could reach the majors at some point in 2024. That upper minors proximity is surely appealing to a Chicago team reloading for next year.

Bush, a 23-year-old southpaw, was also at Double-A. A second-round pick out of St. Mary’s in 2021, he ranked ninth among Angels’ prospects in Eric Longenhagen’s recent organizational rankings at FanGraphs. Both Longenhagen and Kiley McDaniel of ESPN (on Twitter) suggest the 6’6″ hurler has a chance to stick as a starter and praise his slider, though Longenhagen raises concerns about his low-90s fastball. Bush has been a little homer-prone in his first six Double-A starts but is striking out nearly 30% of opponents there.

It’s a strong return for a pair of impending free agents, with Quero the clear headliner. Yet it’s understandable the Angels would part with those players (particularly with O’Hoppe in the fold) to make a push this season. Their aggressiveness extends beyond the prospect capital, as the trade officially pushed them into luxury tax territory.

The Halos were right around the $233MM competitive balance tax threshold before the move. They’re taking on what remains of the respective $10.4MM and $3.625MM arbitration salaries for Giolito and López. That’s around $3.75MM on Giolito and $1.31MM on López. That’ll push their estimated CBT figure to around $238MM pending future additions.

It’s clear owner Arte Moreno will sign off on paying the tax for the first time. The financial penalties of doing so are rather minimal. As a first-time payor, they’ll pay a 20% tax on expenditures between $233MM and $253MM. The tax money they’re taking on with today’s trade is just over $1MM, a marginal amount in comparison to the team’s overall spending.

More notably, surpassing the CBT reduces the draft compensation they’d receive if they lose a qualified free agent. Teams that pay the luxury tax receive a compensation pick after the fourth round if a player rejects a qualifying offer and signs elsewhere. Clubs that stay below the threshold get a compensatory choice between Competitive Balance Round B and the third round.

Ohtani will obviously reject a QO. If the Angels don’t re-sign him, going past the CBT means they’re moving the draft compensation back a couple rounds. That’s a risk worth taking to maximize the chances of getting to the playoffs in Ohtani’s final season of arbitration. The Angels are all-in, and while this’ll probably be their biggest move of deadline season, there’s no reason to think it’s their last.

Jeff Passan of ESPN first reported the Angels and White Sox were finalizing a trade of Giolito and López for Quero and Bush.

Images courtesy of USA Today Sports.

White Sox Discussing Lance Lynn With Rays, Dodgers

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11:53am: The Sox and Rays are indeed discussing Lynn, Marc Topkin of the Tampa Bay Times tweets, but a deal between the two parties is not yet seen as imminent. The Rays have interest in a number of starters and are in active talks on multiple starting pitchers.

Likewise, the White Sox aren’t locked in on the Rays alone as a potential trade partner for Lynn. Nightengale follows up by tweeting that the Dodgers remain interested in both Lynn and right-hander Lucas Giolito and continue to discuss both with the ChiSox.

With Dustin May out for the season and each of Clayton Kershaw, Ryan Pepiot, Noah Syndergaard and Walker Buehler on the injured list, the Dodgers have a trio of rookies (Bobby Miller, Emmet Sheehan, Michael Grove) behind Julio Urias and Tony Gonsolin in the rotation at the moment. All of the Dodgers’ Opening Day rotation members have been on the injured list at some point this season, so it’s only natural for them to explore upgrades — particularly as their collection of young starters continues to push their workloads to previously unreached levels.

9:49am: The White Sox and Rays are in active discussions on a trade regarding right-hander Lance Lynn, tweets Bob Nightengale of USA Today. The two teams have been exchanging names of potential minor leaguers in the swap.

Tampa Bay is one of the 10 teams on Lynn’s no-trade list, but talks have apparently advanced to the point where the White Sox have already approached him about the possibility of approving the deal. Nightengale adds that Lynn has informed the team he would waive that no-trade protection for a chance to pitch for a contending Rays club.

Lynn, 36, is in the second season of a two-year, $38MM extension he signed with the White Sox two years ago. The veteran right-hander was a durable an excellent pitcher for the Rangers and ChiSox from 2019-22, pitching to a combined 3.42 ERA with plus strikeout and walk rates in 571 innings during that time, but the 2023 season has been a struggle.

While Lynn is still missing bats at a high level (27.3% strikeout rate, 14% swinging-strike rate), he’s been more homer-prone this season that any point in his lengthy Major League career. The 6’5″ righty has yielded an average of 2.19 homers per nine innings pitched, which has contributed to what would be a career-worst 6.18 ERA on the season.

That mark is unsightly, of course, but Lynn has seen what’s surely an anomalous 21.5% of his fly-balls turn into home runs. That’s more than double his 10.1% career mark and nearly nine percentage points higher than the league average of 12.4%. Homer-to-flyball rate tends to stabilize over larger samples, and any team acquiring Lynn would surely be hoping there’s regression in that regard. That seems inevitable; Lynn’s current 21.5% homer-to-flyball rate would be the fourth-highest mark of any pitcher in the past decade. Furthermore, one can imagine that getting out of the homer-friendly Guaranteed Rate Field would help to alleviate those home run woes.

The Rays didn’t look like a team that’d need to acquire outside help for the rotation early in the year. Tampa Bay began the season in dominant fashion, but the Rays have seen Jeffrey Springs (Tommy John surgery) and Drew Rasmussen (flexor surgery) go down with season-ending injuries. Depth starter Josh Fleming is on the 60-day IL due to an elbow issue.

At present, the Rays are running out a strong quartet of Shane McClanahan, Tyler Glasnow, Zach Eflin and top prospect Taj Bradley. Lynn would slot into that group and give the Rays an upside play for the final spot in the rotation. At worst, he’d be a durable innings eater who could spare the bullpen and round out the rotation. At best, he could become the Rays’ latest pitching reclamation. Tampa Bay has a reputation for getting the best out of its pitchers — thanks to a combination of its renowned analytics department, advance scouting, coaching and player development — and if the Rays can get Lynn back into his 2019-22 form, he’d be a bona fide playoff-caliber starter.

Lynn’s contract contains an $18MM option for the 2024 season. There’s a $1MM buyout on that provision, making it a net $17MM decision. As it stands, he’s clearly trending toward a buyout, but with a big finish to the season it’s conceivable he could yet play his way into having that option picked up.

That’d be a steep price for the Rays of all teams, but Tampa Bay has shown increased willingness to spend in recent years. The Rays made a legitimate run at signing Freddie Freeman in free agency, reportedly putting forth a six-year offer in the $150MM range. They also extended Glasnow on a deal that’ll pay him $25MM next year and signed shortstop Wander Franco to an 11-year, $182MM deal. Even this past offseason’s signing of Eflin at three years and $40MM was a notable departure from the team’s typical stinginess on the open market.

Lynn is owed about $6.8MM of this year’s $18.5MM salary between now and the end of the season, plus at least that $1MM buyout on the option. Between that salary and his struggles with home runs, his trade value certainly isn’t close to where it might’ve been entering the season, but the Sox could sweeten their return by offering to pay down some or all of the remaining money he’s guaranteed in 2023.

Diamondbacks Have Shown Interest In Lucas Giolito

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The Diamondbacks are among the teams to have shown interest in White Sox starter Lucas Giolito, reports Jon Morosi of MLB.com. It’s a sensible match, given that Giolito is one of the top trade candidates this summer and the D’Backs have a need in their rotation.

The White Sox are 41-57, which places them nine games back of the division lead even in the weak American League Central. The playoff odds at FanGraphs have them down to a 1.5% chance of leapfrogging the Tigers, Guardians and Twins in order to take the crown. With just over a week to go until the August 1 deadline, it seems fair to expect them to make a few deals aimed at improving their chances in future seasons. Recent reporting has indicated the club is willing to consider deals on all players except for Luis Robert Jr., Eloy Jiménez, Dylan Cease and Andrew Vaughn.

Giolito would be one of their most logical trade chips, given that he is an impending free agent and a potential playoff starter for an acquiring club. MLBTR recently placed him in the #1 slot on a list of top deadline trade candidates, a reflection of both his likelihood to be traded and his appeal to other clubs.

The righty made 72 starts over the 2019 to 2021 seasons, posting a 3.47 earned run average in that time. That figure spiked to 4.90 last year but Giolito has brought it back down 3.96 here in 2023. Across those five seasons, he’s struck out 28.5% of hitters while walking 8.2%. He’s making $10.4MM this year but only about $3.35MM will be left to be paid out at the time of the deadline.

Just about any club in need of starting pitching should have at least some interest in Giolito and he’s already been connected to the Dodgers, while the Reds have reportedly had discussions with the White Sox about their starters, which presumably includes Giolito.

There’s plenty of logic in the Diamondbacks throwing their hat in the ring, given the state of their own rotation. The club has featured a top-heavy rotation this year, with Zac Gallen and Merrill Kelly doing strong work at the front. Kelly is on the injured list right now due to a calf issue and could return next week, but even if that proves to be the case, that still leaves the D’Backs with plenty of questions behind the Gallen-Kelly duo.

Tommy Henry has a 3.89 ERA but it’s possible he’s lucky to have it, as his .276 batting average on balls in play and 81.1% strand rate are both on the lucky side of average. His 5.07 FIP and 5.23 SIERA suggest some regression may be in store. Ryne Nelson has made 20 starts but with a 4.82 ERA in that time. Zach Davies has a 7.38 ERA for the year and is on the injured list for a second time. Prospect Brandon Pfaadt has been given six starts but has a 9.82 ERA in those.

Despite those rotation issues, the Snakes are 54-43 and currently tied for the top Wild Card spot in the National League, in addition to sitting just two games back of the Dodgers for the division lead. Adding some pitching for the final months of the postseason race would be a logical move, something that general manager Mike Hazen admitted last month.

Although Giolito will be highly in demand, the acquisition cost in terms of the trade return might not be exorbitant since he’s a rental, at least compared to a similar pitcher with multiple years of control. Hazen also recently said that the club will likely be “aggressive” but not “reckless” at the deadline, in terms of which younger players they are willing to give up. Perhaps going after an impending free agent like Giolito would fit that plan.

Whether the Diamondbacks are willing to be aggressive enough to land a pitcher like Giolito remains to be seen. There have already been a few clubs publicly connected to him and there are surely plenty of others who have called the White Sox. For any club that comes up short, some of the other rental starters that could be available include Jordan Montgomery, Jack Flaherty, Michael Lorenzen and many others.

Reds Have Shown Interest In White Sox’s Starters

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The Reds have been in contact with the White Sox as they search for rotation help, reports Jon Morosi of MLB.com (on Threads). Specific targets aren’t reported, though it’s not hard to infer which players could be of interest.

Lucas Giolito is arguably the sport’s most apparent trade candidate. The right-hander is an impending free agent and has a 3.45 ERA through 19 starts. He’s striking out a little more than a quarter of opponents against a modest 7.3% walk rate. While Giolito’s velocity and whiffs are down marginally from a 2019-21 stretch that saw him post a 3.47 ERA in 72 appearances, he has rebounded nicely from a down 2022 season.

With the White Sox now 17 games below .500, they’re predictably approaching the deadline as sellers. The Sox aren’t expected to make a strong run at re-signing Giolito, whose upcoming free agent deal is likely to easily eclipse Chicago’s franchise-record $75MM guarantee for Andrew Benintendi.

He’d be a lock to receive and reject a qualifying offer that would afford Chicago draft compensation if he signs elsewhere. They’ll almost certainly receive more compelling prospect offers in the next couple weeks though. The Dodgers have already checked in and virtually every contender figures to be in touch with Chicago GM Rick Hahn before August 1.

Giolito is playing this season on a $10.4MM arbitration salary. Around $3.35MM will be remaining from the deadline onwards. Cincinnati GM Nick Krall has indicated the club has the payroll flexibility to accommodate midseason trade targets. Rotation help is the obvious area to do so.

While Giolito would be the more appealing target for other teams, Chicago seems likely to move veteran righty Lance Lynn as well. The 36-year-old carries a career-high 6.03 ERA over 103 innings but has much better strikeout and walk marks. Lynn is fanning hitters at a strong 27.9% clip against an average 8.1% walk rate. His biggest issue, an MLB-worst 22 home runs allowed, could be a tough fit at Cincinnati’s very hitter-friendly Great American Ball Park. Still, the durability Lynn provides would be welcome for a Reds’ rotation light on experience at present.

Lynn is making $18.5MM this season. His contract contains an $18MM club option that seems likely to be bought out for $1MM. With the two-time All-Star likely headed to free agency next winter, the Sox figure to look for trade possibilities this month. That’s also true of Mike Clevinger, whose contract contains a $12MM mutual option the team will likely buy out for $4MM. They could be hard-pressed to find interest in Clevinger considering the fairly lofty buyout price and biceps inflammation that has had him on the injured list for a month.

There’s less urgency on either Dylan Cease or Michael Kopech. Both pitchers are eligible for arbitration through 2025. The asking price on either player — Cease especially — would be significantly higher than what the Sox would expect for even their top rental in Giolito. Jon Heyman of the New York Post suggested earlier this week that Chicago could be willing to hear offers on Kopech but wasn’t interested in parting with Cease.

Cincinnati is surely in contact with a number of teams as they explore rotation possibilities. Tonight’s 1-0 loss to the Brewers dropped them into a tie with Milwaukee for first place in the NL Central. They’re still positioned as deadline buyers, of course, with a rotation that ranked 28th in ERA (5.69) entering play Friday standing as the big concern. Nick Lodolo and Hunter Greene are on the injured list. Cincinnati has rookie Andrew Abbott at the top of the rotation, followed by Graham Ashcraft, Ben Lively, Brandon Williamson and Luke Weaver. The latter two pitchers have struggled.

Dodgers Have Shown Interest In Lucas Giolito

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The Dodgers are among the teams showing interest in White Sox righty Lucas Giolito, tweets Jon Morosi of MLB.com. It’s a natural fit, given the Dodgers’ need for rotation reinforcements and the White Sox’ status as likely sellers of short-term pieces. Giolito is a free agent at season’s end.

Giolito, who’ll turn 29 tomorrow, figures to be of interest to a wide variety of contending clubs. He’s in the midst of a strong season, is earning a $10.4MM salary this season, and has a strong track record dating back to his 2019 breakout. Similarly, the Dodgers figure to cast a wide net as they survey the trade market for starting pitching help. While it’s certainly of note that they’ve shown some interest in Giolito, there’s also no indication that there have been any advanced talks for the righty or that he, in particular, is being pursued more aggressively than the many other starters expected to popular the trade market. In some regards, it’d actually be more surprising to learn that the Dodgers weren’t interested in Giolito, given how logical the pairing is.

Los Angeles’ starting staff has been ravaged by injuries this season. The Dodgers have already lost Dustin May for the season (flexor surgery), and they’ve endured lengthy absences from each of Julio Urias, Tony Gonsolin and struggling offseason signee Noah Syndergaard. Prospect Ryan Pepiot won the fifth starter’s job in camp this spring but suffered an oblique injury at the end of camp that has kept him out for the entire first half. Ace Clayton Kershaw hit the injured list late last month due to discomfort in his left shoulder. They knew coming into the year that Walker Buehler would be out until at least September after undergoing Tommy John surgery on Aug. 23 last summer.

The Dodgers have tapped into their pitching-rich system to patch things over, already calling up top prospects Bobby Miller, Emmet Sheehan and Gavin Stone for their big league debuts. Miller and Sheehan are both in the rotation at the moment, as is 26-year-old righty Michael Grove, who entered the ’23 season with just 29 1/3 big league innings under his belt. Grove has been tagged for a 6.89 ERA, however, struggling at a similar level to the previously mentioned Syndergaard (7.16 ERA in 55 1/3 innings).

Giolito isn’t missing bats at the same level as his 2019-20 peak, when he posted a massive 32.7% strikeout rate, but his results are in line with his best prior seasons. He’s sitting on a 3.45 ERA with a strong 25.3% strikeout rate and similarly impressive 7.4% walk rate. With the exception of last year’s 4.90 ERA, which looks like a clear outlier, Giolito has posted an ERA between 3.41 and 3.53 every season since 2019. Overall, he carries a 3.80 ERA in his past 701 2/3 big league innings. The right-hander is also averaging just under six innings per start in 2023, so he’d help give a break to the bullpen of any team to which he’s traded.

The White Sox figure to seek a strong return in any trade for Giolito.  He’s one of the top arms on the market — arguably the top arm — and is a clear qualifying offer candidate at season’s end if they don’t trade him. As a 29-year-old free agent with a strong and durable track record, Giolito would be a slam dunk to reject that offer and hit the open market in search of a long-term, likely nine-figure deal. In the event that he signed elsewhere, the White Sox would receive a compensatory draft pick after Competitive Balance Round B in the 2024 draft (roughly in the mid-70s). In order to trade the righty, the ChiSox would need to feel they’re receiving greater value than the value of that theoretical 2024 draft selection.

Giolito recently landed in the top spot on MLBTR’s list of the top 50 deadline trade candidates — a reflection both of his on-field value and of the simple likelihood of him being traded in the next 19 days. (He also placed fourth on MLBTR’s Free Agent Power Rankings late last month.) The South Siders initially only planned to make rental players available, but recent reports have suggested that they’re now open to offers on the majority of their roster, save for the young core of Luis Robert Jr., Dylan Cease, Eloy Jimenez and Andrew Vaughn. In either scenario, Giolito figures to be available and among the likeliest stars to change hands in the next few weeks.

Latest On White Sox’s Deadline Plans

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The White Sox could be one of the most interesting sellers of this year’s deadline. Chicago lost their last two heading into the All-Star Break and sit 16 games under .500 at 38-54. They’ve fallen eight games back of Cleveland in the AL Central, in which they now occupy fourth place.

Chicago has a number of players who are relatively close to free agency whom they could market in trade. Jon Heyman of the New York Post reports the Sox are prepared to seriously consider offers on all but four players: center fielder Luis Robert Jr., ace Dylan Cease, first baseman Andrew Vaughn and left fielder Eloy Jiménez. Heyman suggests that while no one on the roster might be categorically untouchable, Chicago’s “clear intention” is to retain those four players.

Last month, Ken Rosenthal of the Athletic wrote that Chicago was telling rival clubs they were focused on retaining players under control beyond this season. Genuinely considering offers on everyone aside from Cease, Robert, Vaughn and Jiménez would represent a change in direction, although the Sox would still resist moving any of their most valuable long-term assets.

Chicago has a number of likely impending free agents who are apparent trade candidates. Starter Lucas Giolito and relievers Keynan Middleton and Reynaldo López are pure rentals; all three appeared among MLBTR’s top 20 trade candidates last week. So did starter Lance Lynn, whose contract contains an $18MM team option that appears likely to be bought out for $1MM. Reliever Joe Kelly, controllable for next season via $9.5MM club option ($1MM buyout), also ranked highly on that list.

The Sox have a few more players with relatively pricy 2024 options. Closer Liam Hendriks has a $15MM option that comes with a matching buyout figure. That seems likely to be exercised, as buying Hendriks out would only allow the Sox to defer that payment over a 10-year span. Tim Anderson’s deal contains a $14MM team option or a $1MM buyout. Anderson is having a terrible season (.223/.259/.263 over 290 plate appearances) that could at least force the organization to reconsider an option that looked like an easy call a few months ago. The Mike Clevinger deal contains a $12MM mutual provision which the club will probably buy out for $4MM.

Yasmani Grandal and Elvis Andrus are the other impending free agents on the roster. Grandal is hitting at a decent .251/.317/.374 clip, but trades of catchers midseason are fairly rare and he’s making an $18.25MM salary that’d be difficult to move. Andrus isn’t producing, hitting .208/.286/.266.

The White Sox considering offers on anyone in that group isn’t too surprising. The majority are unlikely to be on the South Side beyond this season. It’d be an inopportune time to deal Anderson or Hendriks (currently on the injured list with elbow inflammation), although the front office could look into it if they’re contemplating declining next year’s option on either player.

Giolito, in particular, seems all but assured to change uniforms. MLBTR’s #1 trade candidate has tossed 112 1/3 innings of 3.45 ERA ball across 19 starts. He’s striking out over a quarter of opponents and looks the part of a durable #2/3 starter on a playoff team. He’s on track for a nine-figure contract that’d be larger than any in White Sox’s franchise history. Chicago should get more in trade this summer than the value of the draft choice they’d receive if they allow him to depart in free agency after declining a qualifying offer.

Heyman suggests the Reds and Rangers could check in Giolito. Cincinnati GM Nick Krall has gone on record about a desire to add pitching. The NL Central-leading club is very likely to upgrade a starting staff that’s presently without Hunter Greene and Nick Lodolo. Texas has gotten strong results out of their rotation but could look to add depth as they try to maintain a two-game lead in the AL West. They’ve reportedly checked in on Lynn as well, though Giolito would be the more impactful and costlier (in terms of prospect capital) addition.

One controllable player whom the Sox seem at least somewhat willing to consider moving: starter Michael Kopech. Heyman writes the Sox would be more amenable to relinquishing Kopech than anyone from the Robert, Cease, Vaughn, Jiménez group.

While the 6’3″ right-hander is only in his second full season as a big league starter, he’s not all that far off free agency. Kopech will soon surpass four years of MLB service and is eligible for arbitration through the 2025 campaign — the same control window as Cease. He’s playing this season on a $2.05MM salary.

Kopech landed on the 15-day injured list last week with inflammation in his throwing shoulder. He’s generally expected back not long after the Break, however, so he could have multiple starts before the August 1 deadline. If he’s in form, he’d surely generate interest.

Through 16 starts and 86 innings, Kopech has worked to a 4.08 ERA. He’s striking out 26% of opponents on a solid 11.4% swinging strike percentage while averaging over 95 MPH on his fastball. There’s clearly plenty of promise with the 27-year-old righty, but he has not yet established himself as the top-of-the-rotation arm some evaluators had envisioned. That’s largely due to spotty control, as his 13.1% walk rate is the highest of any pitcher with at least 15 starts.

There’s obviously far less urgency for general manager Rick Hahn and his staff to move Kopech than with any of the impending free agents. Chicago isn’t going to embark on a full teardown and rebuild, so they figure to hold firm to a lofty asking price on their controllable mid-rotation starter. Still, the front office seems more amenable than they were a few weeks ago to consider moving players besides their collection of talented rentals.

2023-24 MLB Free Agent Power Rankings: June Edition

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We’re at the regular season’s halfway point, and the free-agent landscape has changed a fair bit since we last ran through our Power Rankings back in mid-April. Injuries, changes in performance — some for the better, some for the worse — and more have combined to provide more context as to what shape the top of the free agent market will take.

As a reminder, our Power Rankings are based primarily on perceived earning power. This is an exercise intended to provide a snapshot of where the top end of the free agent class is currently sitting. One player being ranked higher than another does not necessarily indicate we feel he’s the better player. Youth, health, qualifying offer status, market scarcity and myriad other factors all impact what a player can expect to earn in free agency.

Our power rankings are compiled collaboratively. MLBTR owner Tim Dierkes and writers Anthony Franco and Darragh McDonald all weighed in for this update. Players with opt-out clauses and player options are included, even if they’ve previously given indications they may forgo the opportunity to return to the market.

1. Shohei Ohtani, SP/DH, Angels: There are no surprises up top. Ohtani remains far and away the top name on this year’s list — so much so that he might even command double the No. 2 entrant on our list. That’s both a testament to his general excellence and an indictment on what is generally a weaker free agent class than is typical.

Ohtani, 29 in July, isn’t having quite as dominant a season on the mound as he did in 2022, but he’s still been quite good and is enjoying his best year to date with the bat. In 95 1/3 innings, the flamethrowing righty has pitched to a 3.02 ERA with a 33.2% strikeout rate and 10.2% walk rate. The latter is a marked uptick from the 6.7% he logged a year ago. Ohtani’s strikeout rate is only down about half a percentage point from its 2022 levels, but he’s seen more notable drops in swinging-strike rate (from 14.9% to 13.5%) and opponents’ chase rate (32.6% to 29.5%). This is also the most homer-prone he’s ever been on the mound; his 1.13 HR/9 is a career-high, and the 12 homers he’s allowed in 95 1/3 innings innings are already just two shy of last year’s total of 14 — which came over a span of 166 frames.

To some extent, that’s just nitpicking. Ohtani has still been excellent. His ERA ranks 15th among qualified starting pitchers, and only Atlanta’s Spencer Strider has a higher strikeout rate. He currently ranks sixth among qualified pitchers in K-BB% (23%), and fielding-independent metrics are generally supportive of his success (e.g. 3.40 SIERA, 3.35 xERA). Hitters simply haven’t been able to make good contact against Ohtani, outside that handful of home runs anyway. His 86 mph average opponents’ exit velocity is in the 93rd percentile of MLB pitchers. His 34.8% opponents’ hard-hit rate is in the 77th percentile. He’s induced grounders at a solid 44.4% clip. The uptick in walks is significant, but that’s only taken Ohtani from an ace-level performer to a slight step below that level.

And of course, when discussing Ohtani, the mound work is only half the equation. His work in the batter’s box this season has been nothing short of sensational. In 360 plate appearances, Ohtani is batting .309/.389/659. That’s 82% better than league-average production after weighting for home park, by measure of wRC+. Ohtani has already belted 28 home runs, and he’s added 15 doubles and five triples while swiping 11 bags (in 15 tries). This year’s 11.4% walk rate is right an exact match for his career mark (although shy of his 15.6% peak), and his 21.7% strikeout rate is the lowest of his career.

Ohtani has averaged an obscene 93.7 mph off the bat this year and ranks in the 95th percentile (or better) of MLB hitters in exit velocity, barrel rate, expected slugging percentage and expected wOBA. He’s a bona fide middle-of-the-order bat with the speed to swipe 25 to 30 bases and the power to clear 40 home runs.

When chatting about this update to our Power Rankings, Anthony Franco rhetorically asked me if I thought Ohtani the hitter and Ohtani the pitcher (if somehow separated) would both still individually rank ahead of the rest of this year’s class of free agents. We both agreed that they would. Fortunately, one team will get both this offseason — it just might cost more than half a billion dollars.

2. Yoshinobu Yamamoto, SP, Orix Buffaloes (Japan’s Nippon Professional Baseball): Many people have wondered what type of contract Ohtani might have originally commanded if he’d waited two years to jump to Major League Baseball. Because he opted to make the jump at 23 years of age, he was considered an “amateur” under MLB rules and thus limited to the confines of MLB’s international free agent system. Since he’s not also a world class hitter, Yamamoto won’t give us an exact answer to that now-unanswerable Ohtani hypothetical, but he’ll show us what a 25-year-old ace can command under true open-market pricing if and when the Buffaloes post him, as expected.

Yamamoto, 25 in August, is one of the best pitchers in NPB and perhaps one of the most talented arms on the planet. The right-hander made his NPB debut as an 18-year-old rookie in 2017, stepped into the Buffaloes’ rotation full-time in 2019, and has pitched to a sub-2.00 ERA in four of the past five seasons, including this year’s current mark of 1.98. The lone exception was 2020, when his ERA ballooned all the way to… ahem, 2.20. Yamamoto has a sub-2.00 ERA in his career, and that’s including the 5.32 mark he posted in that age-18 rookie season.

So far in 2023, Yamamoto has pitched 68 1/3 innings with a 1.98 ERA, a 27.8% strikeout rate and a superlative 4.1% walk rate. Just 11 of the 266 batters he’s faced have drawn a free pass. That’s a career-best mark for a pitcher who’s long had outstanding command but has continually whittled away at his walk rate over the years. In his NPB career, Yamamoto has walked just 6.1% of opponents against a 26.5% strikeout rate.

MLBTR contributor Dai Takegami Podziewski kicked off his latest NPB Players To Watch piece with a look at Yamamoto’s recent run of dominance: a stretch of three consecutive eight-inning starts with just one run allowed and a 29.8% strikeout rate and .092 opponents’ average along the way. World Baseball Classic fans may remember Yamamoto’s performance as well: in 7 1/3 innings he allowed just two runs on four hits and two walks with 12 strikeouts. Back in April, Dai described Yamamoto as the “undisputed ace of NPB,” noting that he’s won the Sawamura Award (NPB’s Cy Young equivalent) in each of the past two seasons. He also won the pitching triple crown (ERA, strikeouts, wins) in 2021-22 and has a chance to repeat the feat in 2023.

Like so many pitchers these days, Yamamoto boasts a mid- to upper-90s heater. Scouts credit him with a potentially plus-plus splitter and give favorable reviews of his curveball and general athleticism as well. Presumably, there’s some trepidation regarding a pitcher who’s listed at just 5’10” and 169 pounds, and whoever signs him will have to pay a posting/release fee to the Buffaloes. Those are about the only “red flags” in Yamamoto’s profile.

Yamamoto’s countryman, Kodai Senga, has had some inconsistent command but generally performed well since signing a five-year, $75MM deal with the Mets. In an offseason piece, Joel Sherman of the New York Post quoted an evaluator who graded Yamamoto a full grade better than Senga on the 20-80 scale. And, it bears emphasizing, Yamamoto is five years younger than Senga. We haven’t seen a pitcher with this type of pedigree make the jump from Japan without any spending restrictions since Masahiro Tanaka signed a seven-year, $155MM deal with the Yankees. Yamamoto is younger than Tanaka was, he’s arguably better, and the price of pitching has only gone up since that time. A contract in excess of $200MM doesn’t seem outlandish if he can remain healthy and productive.

3. Matt Chapman, 3B, Blue Jays: It’s been a tale of two seasons for Chapman, who was perhaps baseball’s best hitter in April and one of its worst in May. The slump has been longer than the hot streak at this point, although the aggregate .265/.343/.457 slash is still well above league average (23% better, by measure of wRC+). Paired with his characteristically excellent defense (7 Defensive Runs Saved and 4 Outs Above Average already), and Chapman’s still been an undeniably valuable player, even if the nature of his contributions for the Jays have been quite frontloaded in the schedule’s early portion.

That said, it’s still incumbent upon Chapman to turn things around at the plate sooner than later. The weight of that early, Herculean stretch will continually diminish, and the current version of the former All-Star simply isn’t that compelling. Early in the year, Chapman was regularly making blistering contact and had dramatically cut back on his strikeouts. In writing about his brilliant start to the season in early May, I pointed out that he’d begun to let the strikeouts creep back in and wondered whether that was a mere blip or the onset of some regression.

Unfortunately, the strikeout issues that have dogged Chapman in the aftermath of his 2020 hip surgery have resurfaced. Dating back to May 1, Chapman is hitting just .203/.279/.339 with an a 30.2% strikeout rate. He’s still walking at a respectable 8.8% rate, and his quality of contact is excellent. Chapman is averaging 92.4 mph off the bat and hitting the ball at 95 mph or better in 52.7% of his plate appearances even during this prolonged slump. After benefiting from a .449 BABIP early in the year, he’s seen that mark swing down to .269 in May and June.

In all likelihood, the “true” results are somewhere between the two extremes of Chapman’s 2023 season. He’s not the hitter he was in April, but he’s certainly better than he’s been in May and June. The question is whether Chapman can curb the strikeouts moving forward. His propensity for thunderous contact (when he makes it) should lead to some positive regression and once again begin to produce better results. But if he fans at a 30% clip from here on out, there may not be enough balls in play to help him prop his stat line back up. Furthermore, it’d mark the third time in four seasons he finished at or above a 30% strikeout rate, which doesn’t inspire much confidence over the course of a long-term deal.

Chapman still ranks prominently here because the overall numbers are still good, and because, frankly, the crop of position players this offseason is dreadful. In fact, he’s the only pure position player on this installment of our Power Rankings, which is unprecedented. If Chapman can sustain his quality of contact and scale back the strikeouts slightly, he could still find a seven- or eight-year deal heading into his age-31 season. His overall production right now is comparable to the output posted by Kris Bryant in advance of his foray into free agency (which resulted in a seven-year, $182MM contract), and Chapman has far more defensive value than Bryant.

4. Lucas Giolito, SP, White Sox: It’s been a tough start to the year for a number of top free agent pitchers, but Giolito has generally pitched well. His strikeout rate is down from its 33.7% peak, but he’s still fanning more than a quarter of his opponents with his typical brand of better-than-average command (7.5% walk rate). It’s too soon to tell is this is a trend, but it bears mentioning that Giolito has upped his slider usage recently and seen a notable increase in strikeouts. Over his past five starts, he’s thrown the slider at a 35.8% clip, as compared to his prior 28.4% usage rate. It’s not a massive increase, but Giolito had just three starts with a slider rate of 30% or more in his first 11 trips to the hill; since May 30, he’s been between 31.4% and 41.2% in each start. It does seem to mark a clear change in attack plan, and after fanning 23.9% of hitters through those 11 starts, he’s up to 29.4% over his past five.

Giolito’s 93.3 mph average fastball is actually up slightly from 2022’s average of 92.7 mph. Home runs remain an issue (1.36 HR/9), and he’s been a bit more homer-prone on the road than in his hitter-friendly home park this year. That’s not the norm, however; the right-hander has allowed more than 1.5 homers per nine innings in his career at home but is at a much more palatable 1.16 mark on the road.

Giolito’s current 3.41 ERA would mark the fourth time in five seasons that he finished with an ERA between 3.41 and 3.53. Last year’s 4.90 looks like a clear outlier that was largely fueled by a career-high .340 average on balls in play. (The White Sox, notably, were among the game’s worst defensive teams in 2022.)

As with all free agents, age is crucial. In Giolito’s case, it’ll work in his favor. He’s 28 years old as of this writing and will turn 29 in mid-July. Even a seven-year contract would “only” carry through his age-35 season. It’s also worth noting that he’s been a frequently speculated trade candidate, and if he’s flipped to another club, he’d be ineligible to receive a qualifying offer. That carries significance in free agency, too.

Giolito might not be an ace, but he’s a surefire playoff starter for any team in Major League Baseball. He’s the second-youngest of the starters on this list with big league experience and has been a workhorse since 2018, ranking 10th among all MLB pitchers with 855 innings pitched in that time. Kevin Gausman (five years, $110MM) and Robbie Ray (five years, $115MM) signed similar contracts that began in their age-30 seasons. Neither had a track record as long as Giolito, who’ll be a year younger in his first free agent season. A six- or even seven-year deal could be in play, depending on how he finishes.

5. Julio Urias, SP, Dodgers: Urias is among the hardest players to peg among this year’s group. On the one hand, he posted a combined 2.63 ERA over 495 1/3 innings from 2019-22 and is slated to hit the open market in advance of age-27 season — a borderline unprecedentedly young age for a top-end starter to become a free agent. On the other, the lefty has been on the injured list for more than a month owing to a hamstring strain. He didn’t pitch all that well before landing on 15-day IL either. In 55 1/3 innings, Urias worked to a pedestrian 4.39 ERA, thanks primarily to a stunning uptick in home runs allowed; after yielding 0.98 homers per nine frames from ’19-’22, he’s allowed an average of 2.28 homers per nine innings in 2023.

That said, the rest of Urias’ numbers look quite similar to his peak output. His 23.3% strikeout rate is down a bit from the 24.7% he posted in 2019-22, but his 4.8% walk rate is notably better than his already strong 6.3% mark. His fastball velocity is right in line with last year’s level (when Urias notched a 2.16 ERA in 175 innings), as is his 10.8% swinging-strike rate. His 34.1% opponents’ chase rate remains strong.

The primary problem isn’t even an uptick in fly-balls, but rather in the percentage of those fly-balls that leave the yard. Entering the 2022 season, just 9.1% of the fly-balls allowed by Urias had become home runs. This year, it’s a staggering 20.3%. Broadly speaking, homer-to-flyball rate is susceptible to short-term spikes and tends to even out over a larger sample, but the uptick in homers hasn’t been well-timed. That’s doubly true given that for all of Urias’ success, he’s neither the flamethrowing powerhouse nor elite misser of bats that modern front offices covet. He’s succeeded thanks to elite command and by regularly limiting hard contact. Urias’ strikeout rates are typically a bit above average, but he’s never placed higher than the 67th percentile of MLB pitchers in overall strikeout rate.

That’s not to say Urias isn’t a desirable arm or won’t be a highly coveted pitcher. Prior to his injury, the MLBTR team had discussed possible contracts in excess of $200MM for the lefty, based both on his age and recent excellence. That’s perhaps a bit harder to see now, even if the current issue is a leg injury rather than an arm problem. Urias has only twice made 30 starts in a season, and he also has one major shoulder surgery already on his record (a 2017 procedure to repair a capsule tear).

A third consecutive 30-start season would’ve helped set aside a perceived lack of durability, but he won’t get there in 2023, even though he’s expected to return from the injured list as soon as this weekend. That’s not because of any arm troubles to date, and it should be noted that part of the reason for his lack of innings was some extreme workload management post-surgery that looks to have been effective, based on Urias’ 2021-22 results. Still, he hasn’t often worked a full starter’s slate of games, he won’t do it in 2023, and he hasn’t generated his typical results when healthy — even if most of the skill-oriented numbers remain similar to prior levels.

Urias will also have a qualifying offer to contend with, which isn’t true of every pitcher on these rankings. He’s undeniably talented and the clear youngest of the bunch, but it’d be easier to predict a massive long-term deal if he returns and starts producing more like he did in that aforementioned four-year peak.

6. Aaron Nola, SP, Phillies: Speaking of top-tier starters who haven’t performed up to expectations, the 30-year-old Nola finds himself in a precarious position. MLB’s consummate workhorse since his 2015 debut, Nola has pitched the third-most innings of the 2024 pitchers who’ve taken a big league mound since 2016 — his first full season in the Majors. Only Gerrit Cole and Max Scherzer have topped Nola’s 1256 1/3 innings in that stretch.

For the majority of that time, Nola has operated on the periphery of ace-dom. He’s only a one-time All-Star and has never won a Cy Young, but the former No. 7 overall pick finished third place in 2017, seventh place in 2020 and fourth place just last year. During his 2017-22 peak, Nola notched a 3.48 ERA, 28.2% strikeout rate, 6.6% walk rate and 47.1% ground-ball rate. His 2022 season featured a terrific 29.1% strikeout rate and an elite 3.6% walk rate over the life of 205 innings — the second-most in all of baseball.

That version of Nola has been nowhere to be found in 2023. Through 105 2/3 innings, he’s posted a pedestrian 4.51 ERA with his lowest strikeout rate (23.9%) since his rookie season back in 2015. Nola’s 6.8% walk rate, while still a very strong mark, is his highest since 2020. He’s allowing more fly-balls than ever before, and unsurprisingly is allowing home runs at a career-worst rate (1.45 HR/9).

Fielding-independent metrics still believe Nola’s above-average strikeout rate, strong walk rate and ability to avoid hard contact ought to be translating to better results; his “expected” ERA is 3.53, per Statcast, while tools like FIP (4.28) and SIERA (4.00) agree he’s been short-changed a bit. Nola’s 65.1% strand rate, in particular, sits about eight percentage points below his career level and below the league average.

Heading into the season, a six- or seven-year deal seemed within reach for one of the game’s most durable and consistently above-average starting pitchers. He’s maintained the “durable” half of that equation, making 17 starts and averaging a hearty 6.22 innings per outing. The results haven’t been there, however, and Nola’s velocity is down about a half mile per hour on most of his pitches. It’s not the platform season he wanted, and even with the so-so results, he’ll surely still have a QO attached to him. There’s still an easy case for a long-term deal here, and a strong second half of the season would quiet a lot of these concerns. To this point, however, Nola has looked more like a mid-rotation starter than someone who’d be fronting a playoff staff.

7. Blake Snell, SP, Padres: Snell has been the best pitcher on the planet for the past month or so, generally erasing a terrible start to the season. This sort of Jekyll & Hyde performance is old hat for the former AL Cy Young winner, who closed out both the 2022 and 2021 seasons in dominant fashion, offsetting a wave of pedestrian starts in each instance. That endorsement of Snell’s past month isn’t even hyperbole; dating back to May 25, Snell has a comical 0.86 ERA with a 66-to-15 K/BB ratio in 42 innings. He’s fanned a massive 44.1% of his opponents against a better-than-average 8.1% walk rate.

Snell’s rollercoaster traits are nothing new, and they may scare some interested suitors in free agency. There’s no skirting the fact that he has a penchant for slow starts to the season, and when Snell is off his game, he can look lost. He doesn’t have pristine command in the first place, and walks become a particularly glaring issue when he’s in a rut. When he’s not as his best, Snell has a tendency to labor through short starts, which can tax a bullpen.

That said, here’s a look at Snell’s past 48 starts: 259 1/3 innings, 3.05 ERA, 33% strikeout rate, 10.1% walk rate, 0.90 HR/9, 36.9% ground-ball rate, .196 opponents’ average. The road he takes to get there may be infuriating at times, both for fans and his organization’s decision-makers, but Snell has clear top-of-the-rotation stuff. He’s currently riding a streak of four straight starts with double-digit strikeouts, during which he’s yielded just three runs.

The Padres can and very likely will make Snell a qualifying offer. He should reject while giving little, if any thought to the contrary. The qualifying offer and general inconsistency might hurt him, but there will also be teams who look at those factors as a possible avenue to signing a starter with genuine No. 1 talent at a cost that isn’t commensurate with those types of arms. Snell will pitch all of the 2024 season at age 31, and paired with his inconsistency, that might cap him at five years. But he should command $20MM per year over that five-year term, making a nine-figure deal within reach …. barring a second-half collapse that heightens concerns about the fluctuations in his performance.

8. Josh Hader, RP, Padres: Rumors of Hader’s demise as an elite closer last summer were greatly exaggerated, it seems. The four-time All-Star was struggling in the weeks leading up to his trade from Milwaukee to San Diego, and he didn’t help his cause when he allowed a dozen August runs following the swap. That slump was capped off by a six-run drubbing at the hands of a lowly Royals offense.

Since then, it’s been business as usual for Hader. The lefty quietly finished out the year with a 0.79 ERA in his final 11 1/3 innings. He was unscored upon from Sept. 7 through season’s end, and he went on to pitch another 5 1/3 shutout innings in the postseason, fanning 10 hitters in the process. Hader is now sitting on a sparkling 1.26 ERA. His 37.8% strikeout rate isn’t quite as high as his ridiculous 47.8% peak in 2019, but he still ranks among the league leaders in strikeout rate.

Since putting that six-run August meltdown against the Royals behind him, here’s Hader’s line (postseason included): 45 1/3 innings, 0.99 ERA, 38% strikeout rate, 9.8% walk rate, 29 saves.

Hader will be a year older in free agency than Edwin Diaz was when he set the relief pitcher record on a five-year, $102MM contract (which includes multiple opt-outs). That slight age gap will matter, but Hader has the longer and steadier track record of the two and could benefit from his handedness. So long as he keeps somewhere near this pace, he’ll take aim at making Diaz’s record short-lived.

9. Marcus Stroman, SP, Cubs: Stroman’s three-year, $71MM contract allows him to opt out of the final year this offseason. In doing so, he’d leave $21MM on the table, but there’s little doubt he’d be able to topple that mark in free agency. Stroman has already received a qualifying offer in his career, meaning he can’t receive a second one. He’s also the current MLB leader in bWAR (3.5) and third in the Majors in RA9-WAR (also 3.5). Through 102 innings, Stroman touts a 2.47 ERA and a 59.3% grounder rate that’s second only to Logan Webb among all qualified pitchers.

Good as Stroman’s results are, there’s some reason to be a bit skeptical on his earning power. He can surely outpace the $21MM he’d leave on the table by opting out, likely securing another multi-year deal in free agency. That said, Stroman’s profile hasn’t really changed since his last foray into the open market. He still has a below-average strikeout rate, and the lower-than-average walk rate he had last time around has crept up to about league average in 2023. He’s inducing more grounders than he has since 2018, but the primary reason for the drop in his ERA has been a career-low home run rate. Just 8.3% of the fly-balls allowed by Stroman have been homers — well shy of his 13.5% career mark.

Homer-to-flyball rate tends to stabilize over larger samples — Stroman was between 12.6% and 13.9% every year from 2018-22, for instance — so teams might essentially view him as the same pitcher he was in the 2021-22 offseason, just a couple years older. One factor working in Stroman’s favor is that the price of pitching has increased since then; Jameson Taillon, Taijuan Walker and Chris Bassitt all helped advance that market last offseason. Bassitt’s three-year, $63MM deal with the Blue Jays should be of particular note. He secured that contract despite being hit with a QO that Stroman won’t have to contend with, and did so heading into his age-34 season. Next year will be Stroman’s age-33 season. He should at least be able to secure a three-year deal at a larger AAV than Bassitt received. A four-year deal with an AAV north of $20MM is also possible.

10. Jordan Montgomery, SP, Cardinals: Montgomery had a pair of rough starts in the season’s first six weeks, allowing seven and six runs in that pair of outings and ballooning his ERA in the process. Things have largely evened out though, and Montgomery’s numbers look just as solid as they did when he was establishing himself as a mid-rotation hurler in the Bronx, Through 92 innings, he’s posted a 3.52 ERA with a 21.9% strikeout rate, 5.9% walk rate and 46.6% grounder rate that all line up neatly with his 2021-22 production.

Montgomery pitched just 31 1/3 big league innings in 2018-19 due to Tommy John surgery and struggled in the shortened 2020 campaign upon his return from that operation. Since Opening Day 2021, however, he carries a 3.66 ERA and matching secondary marks (3.61 FIP, 3.88 SIERA) in 421 innings. If the Cardinals don’t trade Montgomery, he’ll be a natural qualifying offer candidate. He’d very likely reject that one-year offer in search of a multi-year deal in free agency. Montgomery isn’t an ace, but the market rewarded both Taillon (four years, $68MM) and Walker (four years, $72MM) with four-year contracts last winter. Neither had a QO attached to him, but Montgomery, who’ll turn 31 in December, has a better recent track record than both pitchers as well.

Of course, if the Cardinals remain out of the postseason hunt in late July, Montgomery will be a sought-after trade candidate. A trade to another club would render him ineligible to receive a QO. Even if the Cardinals hang onto him and make him a QO, he’ll still reach free agency in search of a comparable or even larger deal than the ones signed by Taillon, Walker and Bassitt. As with Stroman, it’s worth noting that Bassitt was older in free agency than Montgomery will be (by a margin of three years in Montgomery’s case).

Honorable Mentions (listed alphabetically): Harrison Bader, Cody Bellinger, Jeimer Candelario, Sonny Gray, Teoscar Hernandez, Shota Imanaga, Joc Pederson, Eduardo Rodriguez (opt-out), Max Scherzer (player option), Jorge Soler (player option)

White Sox Reportedly Only Willing To Trade Rental Players

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The White Sox are potentially lined up to be sellers at the deadline, though exactly how much they commit to that task remains to be seen. Ken Rosenthal of The Athletic reports that, as of right now, they might only be willing to move impending free agents. Those plans could always change as discussions take place, but it’s a noteworthy stance at the moment. The trade deadline is August 1.

At this point, it’s not even necessarily a lock that the White Sox will be sellers at all. Despite their poor 30-40 record, they are only 5.5 games back of the Twins in the weak American League Central division. But the Wild Card race is much stronger, putting them 9.5 games out of a spot there.

A hot streak could get them right back in the divisional race but those have been hard to come by this season and the front office needs to at least consider the possibility that they stay on the outside looking in. Like all clubs, the players on the roster have varied contractual situations that affect the trade calculus. It seems that the club is currently leaning towards trading players on expiring contracts but keeping players with more control in order to take another shot at contending next year.

Even by limiting themselves to a softer sell, they would still have plenty of players to discuss in trade talks. Lucas Giolito, Mike Clevinger, Yasmani Grandal, Elvis Andrus, Reynaldo López and Keynan Middleton are all set to reach free agency this winter and would be the club’s best trade chips. Clevinger’s deal has a mutual option for 2024 but those are rarely picked up by both parties.

Giolito would be one of the top names on the market this summer if he were available, having established himself as a reliable and effective starter in recent years. In each season from 2019 to 2021, he had an ERA between 3.41 and 3.53. That figure jumped to 4.90 last year, but that coincided with his batting average on balls in play jumping to .340, well above any of his previous seasons. This year, he’s dropped his ERA right back down to his norm as he’s at 3.54 through 14 starts.

Now 28 years old, Giolito has gone year-to-year in arbitration. He’s now in his third and final arb year, making $10.4MM. By the time the deadline rolls around, there will be roughly $3.5MM left to be paid out.

Just about every contender will be looking to bolster their rotation for the final months of the season and the playoffs, which should give Giolito widespread interest. Even teams on the lower end of the spending spectrum could fit that salary figure onto their books, meaning few clubs would be eliminated from the list of logical suitors. That makes Giolito the White Sox’ best chance at recouping some future value from what could end up being a disappointing season.

Some of those other names may have some appeal as well. Clevinger has a 3.88 ERA but with subpar peripherals, striking out 19.3% of opponents while walking 9.5%. A .275 batting average on balls in play and 81.2% strand rate are helping him out, with his 4.89 FIP and 5.07 SIERA less optimistic. He’s making a salary of $8MM this year but has a $4MM buyout on his mutual option. He has a bit of an uncertain health outlook at the moment, as he was removed from his most recent start due to biceps soreness. It seems there’s no structural damage, per Daryl Van Schouwen of the Chicago Sun-Times, but he might still land on the injured list.

Grandal struggled last year but is having a decent bounce back, hitting .271/.330/.410 so far this year for a wRC+ of 106. Trading catchers at midseason can be tricky since they would then have to learn an entirely new pitching staff on the fly. However, Grandal is 34 years old and hits well enough that it could make sense for him to factor into a club’s designated hitter mix, especially since he’s a switch-hitter. The final year of his four-year deal pays him $18.25MM annually.

Andrus is also an impending free agent but his interest will surely be muted as he’s hitting .196/.277/.247 this year. López has a 5.10 ERA but his 28.3% strikeout rate will surely lead to some intrigue. Middleton’s 1.93 ERA is buoyed by an unsustainable 96.3% strand rate but he is striking out 31.9% of opponents and getting grounders at a 54.5% clip. All three of these players are making modest salaries of less than $4MM this year.

There are also a couple of borderline cases who could be considered rentals. The Sox have an $18MM option on Lance Lynn for next year with a $1MM buyout. His 6.75 ERA this year makes it less likely that gets picked up but it also diminishes his trade appeal. Joe Kelly is in a somewhat similar situation as he can be kept around for 2024 via a $9.5MM club option with a $1MM buyout. He has a 4.57 ERA but strong peripherals and a 53.7% strand rate, leading to a 2.86 FIP and 2.80 SIERA.

The club also has a $15MM option on Liam Hendriks, though with a $15MM buyout. The only difference is that triggering the buyout would allow them to spread the payment out over 10 years instead of just in 2024. He’s been floated as a trade candidate this summer but he’s currently on the injured list due to inflammation in his pitching elbow. Given the injury, the PR hit of trading him away after his feel-good return from cancer and that buyout, it seems likely that he’s with the Sox again next year.

If the Sox ultimately stick to their plan of only trading rentals, that would mean that other speculative trade candidates are off the table. Many observers have wondered if the club would consider moving shortstop Tim Anderson, who can be retained for 2024 via a $14MM club option with a $1MM buyout. Trading him now would be a difficult decision because it would hurt the club’s chances of returning to contention in 2024 and the return would surely be diminished since he’s hitting just .251/.290/.296 this year. Instead of trading him when his value is at a low ebb, there would be sense in the club hanging onto him and hoping for a return to form next year.

Dylan Cease has also been suggested as a trade candidate but that would require the club to really commit to a lengthier rebuild. He still has two more passes through arbitration to go and isn’t slated for free agency until after 2025. His ERA has almost doubled from last year’s 2.20 to this year’s 4.31 figure, but he’s still getting strikeouts at an above-average 26.2% rate. They would surely get a huge haul for him if they decided to move him, but it doesn’t seem as though that’s on the table right now.

Which Players Could White Sox Make Available Closer To The Trade Deadline?

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I wrote about the calamitous White Sox start on Friday, and over the weekend the team went 1-2, snapping a nine-game losing streak with a stunning seven-run bottom half of the ninth inning, walking off the Rays in the process. Even if that win sparks some momentum for a listless South Side club, the Sox are already nine back in the AL Central. They’d need to play at an 82-51 pace (.617) to get to 90 wins. It’s not even clear that’d be enough for a division win, with the Twins playing at a 95-win pace.

Early May is pretty early to be doing any forward-looking breakdown of what a team might have to offer at this year’s trade deadline, but the current state of the White Sox is a bit more dire than usual. Their playoff odds at FanGraphs have plummeted from 30.5% prior to the season to just 4.2% now. PECOTA has their playoff odds at just 3.2%. They have MLB’s second-worst run differential (-65) and are already battling myriad injuries with some glaring depth issues.

One of the most frequently asked questions over the past week in the chats we host at MLBTR has been one of who could be available if the Sox sell this summer. With that in mind and with an obligatory “it’s still only May 1” caveat, here’s a quick rundown of the possibilities and how they’ve begun the season.

Rental Players

The most obvious candidates to change hands if the Sox do indeed end up selling, all of these players are set to be free agents at season’s end anyhow. There are a couple of qualifying offer candidates within the group, so the Sox would need to feel they’re getting more than the value of a compensatory draft pick back in those instances.

Lucas Giolito, RHP, 28, $10.4MM salary

Giolito won’t turn 29 until mid-July and stands as one of the potential top arms on next offseason’s free-agent market … if he can round back into form this season and put an ugly 2022 campaign behind him. From 2019-21, the former first-round pick was one of the American League’s top arms, making the All-Star team in ’19 and securing Cy Young votes in all three of those seasons — including sixth- and seventh-place finishes in 2019 and 2020, respectively. During that stretch, Giolito logged a collective 3.47 ERA with a huge 30.7% strikeout rate and solid 8% walk rate.

The 2022 season was another story. Giolito’s fastball dropped from the 94.2 mph it averaged during that three-year peak down to 92.7 mph. His strikeout rate fell to an above-average but still-diminished 25.4%. His walk rate crept up a bit, to 8.7%. His opponents’ average exit velocity jumped from 87.8 mph to 88.8 mph, and his hard-hit rate rose from 34.5% to 39%. None of those are awful numbers, but everything went the wrong direction for Giolito in ’22. A huge .340 BABIP surely contributed to some of his struggles — being a fly-ball pitcher with the worst outfield defense in baseball isn’t fun — but it wasn’t a great season regardless.

Giolito’s picked some velocity back up early this season. His 23.1% strikeout rate isn’t near its peak, but his 4.1% walk rate is far and away a career-best mark. If the White Sox sell, Giolito will likely be one of the best and most in-demand starters on the market. He’s out to a decent start, and with his track record, age and upside, a qualifying offer seems likely, barring a disastrous collapse. The Sox would need to feel they got more value than they’d net in the form of a compensatory draft pick.

Reynaldo Lopez, RHP, 29, $3.625MM

Lopez has had a terrible start to the season, with an 8.76 ERA and five home runs allowed in just 12 1/3 innings (3.65 HR/9). He was very good in the ’pen in 2021-22, however, notching a 3.07 ERA with an above-average 24.8% strikeout rate and a 5.3% walk rate. In 2023, Lopez is sporting a career-best 33.3% strikeout rate, and he’s averaging a career-high 99.2 mph on his heater. His 14.6% swinging-strike rate is excellent. If Lopez who allowed just one home run in 55 2/3 innings last year, can get past this bizarre home run spike, he still has obvious late-inning potential and is the type of affordable power arm who’d appeal to other clubs.

Mike Clevinger, RHP, 32, $12MM

Clevinger technically has a 2024 option on his contract, but mutual options are almost exclusively accounting measures and are exercised by both parties with only the utmost rarity. He’s still just 32 years old, by Clevinger’s halcyon days feel like they were a lot longer ago than 2017-20. He missed the 2021 season following Tommy John surgery, came back with a diminished fastball and middling peripherals in ’22, and hasn’t looked much better in 2023, with a 4.60 ERA, below-average 19.3% strikeout rate and ugly 11.1% walk rate in 29 1/3 innings. Clevinger has gained some but not all of the life on his heater back, and his current 8.1% swinging-strike rate is both well below the league average (11.1%) and easily the lowest mark of his career. He’s pitching like a fifth starter right now, and not a particularly cheap one.

Elvis Andrus, 2B/SS, 35, $3MM

Andrus was great with the White Sox in place of an injured Tim Anderson down the stretch in 2022 (.271/.309/.464, nine homers, 11 steals) and has been the opposite so far in 2023, hitting .206/.274/.245 in 113 plate appearances with well below-average quality of contact, per Statcast. He can still play defense and has now shown a willingness to log some time at second base, so another club could look at him as a slick-fielding utility option. He’ll need to hit more than he has in the season’s first month, though.

Hanser Alberto, INF, 30, $2.3MM

Alberto has typically been a solid defender at three infield spots with good bat-to-ball skills, a bottom-of-the-barrel walk rate and minimal power. This season, however, he’s made some glaring misplays at third base and batted just .211/.211/.368 in 19 plate appearances before hitting the IL with a quad strain. It’s a tiny sample, but he needs to get healthy and play better to even make it to the trade deadline on the big league roster.

Yasmani Grandal, C, 34, $18.25MM

The switch-hitting Grandal has bounced back at the plate with a .241/.323/.446 batting line (114 wRC+) and three homers in 93 plate appearances. His 8.6% walk rate is well down from its career 14.5% level, and his once-vaunted defensive ratings have fallen below average at 34. Given his considerable salary, Grandal is only changing hands if the ChiSox eat a good portion of the bill.

Signed/Controlled for One Extra Year

Moving anyone from this group would signal a more aggressive seller’s standpoint from the front office, but the Sox would generally be able to retain their core players while also unlocking larger returns than they’d be land for their generally modest collection of rentals.

Tim Anderson, SS, 30 | $12.5MM in 2023, $14MM club option for 2024

Anderson batted above .300 in four straight seasons from 2019-22, turning in an overall .318/.347/.473 slash that was 23% better than league average, by measure of wRC+. The two-time All-Star is a regular threat for 15 to 20 home runs and 15 to 25 steals. Defensive metrics are mixed on his work at shortstop, but his only across-the-board below average season per DRS, UZR and OAA came in 2022, when he was hobbled by a groin strain. Anderson is a well above-average regular with All-Star potential and a highly affordable salary through the 2024 season.

The White Sox’ top prospect is 2021 first-rounder Colson Montgomery, who has become one of the game’s top-ranked shortstop prospects. He opened the season on the shelf with an oblique strain but could be ready for a big league look in 2024 after reaching Double-A as a 20-year-old in 2022.

Lance Lynn, RHP, 36 | $18.5MM in 2023, $18MM club option for 2024

Lynn, 36 next week, hasn’t been himself so far in 2023. His 10.1% walk rate is his highest since 2018 by a wide margin, and he’s allowed a jarring 2.20 homers per nine frames. The 94.4 mph he averaged on his heater in 2019-21 is down to 92.6 mph in 2023, and while he’s still missing bats in the zone and off the plate, Lynn has allowed too much hard contact when opponents do connect. Hitters posted just a .192/.238/.335 slash against Lynn’s four-seamer as recently as 2022, but they’re hitting .283/.365/.587 when putting the pitch in play this year. The 2019-22 version of Lynn is well worth that 2024 option price, but he needs to solve his home run woes.

Liam Hendriks, RHP, 34 | $14MM in 2023, $15MM club option for 2024

Hendriks hasn’t pitched this season but recently announced that he’s cancer-free after battling non-Hodgkins lymphoma for the past several months. Hendriks is one of the game’s best relievers, and the priority is simply getting back on the field. If he looks like himself, he’d garner interest.

Joe Kelly, RHP, 35 | $9MM in 2023, $9.5MM club option for 2024

Kelly has been on the IL three times since signing a two-year, $17MM deal with the White Sox prior to the 2022 season. He also has a 6.26 ERA and a 12.6% walk rate with the South Siders. He’s still missing bats, racking up grounders and has had improved command in his tiny 4 2/3  inning sample this season. The Sox might have to eat some money to move him even if he’s pitching decently.

Kendall Graveman, RHP, 32 | $8MM in 2023, $8MM in 2024

Graveman is still throwing hard and missing bats at a solid clip, but his sinker isn’t getting grounders anywhere near its prior levels. He’s sitting on a 38.7% ground-ball rate in ’23 after living at 54% in 2021-22 and 52.1% in his career prior to the current season. On a surely related note, he’s giving up homers at a career-worst rate (2.38 HR/9). Graveman’s first season in Chicago was solid, but he’s at risk of becoming another high-priced bullpen misstep.

Jake Diekman, LHP, 36 | $3.5MM in 2023, $4MM club option for 2024

The White Sox acquired Diekman from the Red Sox at last year’s trade deadline even though he’d walked 17.5% of his opponents in Boston, and the command has only gotten worse. Diekman has walked a whopping 13 of his 58 opponents (22.4%) in 2023 while posting a 7.94 ERA. Command has always been a weak point, but this current rate just isn’t tenable. If he can’t right the ship, it’s hard to imagine him lasting on the roster until the trade deadline.

Longer Term Players

Moving anyone from this bunch is tougher to envision, as it would effectively signal a larger-scale rebuilding effort. While the Sox could still move one or even multiple players from this group without necessarily embarking on a full-scale rebuild, these moves would represent a clear step back from contending not only in 2023 but likely in 2024 at the very least — quite possibly longer.

Dylan Cease, RHP, 27 | $5.3MM in 2023, arb-eligible in 2024-25

Trading Cease would amount to waving a white flag not only on this season but on the entire rebuild that the Sox went through from 2016-20. Cease finished runner-up to Justin Verlander in American League Cy Young voting last year and was so dominant — 2.20 ERA, 30.4% strikeout rate, 6.4 bWAR in 184 innings — that he might’ve won in another year where he wasn’t chasing a historic comeback effort from a future Hall of Famer.

Cease’s velocity, strikeout rate and swinging-strike rate are all down a bit this season, but not in glaring, concerning fashion. He’s sporting a 4.15 ERA, though practically all the damage against him came at the hands of the Rays last week when the hottest team in baseball tagged him for seven runs. Cease won’t turn 28 until December. He’s a power-armed, bat-missing monster with two years of arbitration remaining after the current season. Pitchers like this almost never get traded, and it’s extra-tough to see the White Sox biting the bullet and making a move, since doing so just feels like a giant concession. If they do reach that point, Cease could generate one of the biggest hauls in recent trade deadline memory.

Michael Kopech, RHP, 27 | $2.05MM in 2023, arb-eligible in 2024-25

It’s been a poor start for Kopech (7.01 ERA in 25 2/3 innings) thanks to wobbly command that has manifested in a career-high 11.1% walk rate and, more problematically, a career-worst 2.81 HR/9 mark. Still, he’s a 27-year-old who once ranked as the sport’s top pitching prospect and as recently as 2021-22 logged a combined 3.53 ERA, 26.7% strikeout rate and 10.4% walk rate in 188 2/3 innings.

Kopech spent nearly all of the 2021 season in the bullpen as he worked back from Tommy John surgery and fanned a gaudy 36.1% of his opponents in that role. He’s a high-upside arm and has already seen his average fastball creep up from 95.1 mph in 2022 to 96.2 mph in 2023. Teams would love to get their hands on Kopech right now, and if he can cut back on the walks and homers, his value will only increase. This trade wouldn’t necessarily be the white flag that the Cease trade would be, but it’s hard to see Kopech going unless the Sox are pessimistic about their chances in the next couple of seasons as well.

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There are other names to consider, though each comes with plenty of red flags. Yoan Moncada is signed through 2024 and controllable through a 2025 club option, but he’s been neither healthy enough nor consistently productive enough to make the remaining $43.1MM in guarantees on his deal feel palatable for a trade partner. Luis Robert Jr., Eloy Jimenez, Andrew Vaughn and Aaron Bummer are all signed or controlled through at least 2026 (2027 in Robert’s case), which lessens any urgency to move those players. As it stands, the Sox would be selling low on anyone from that group of talented players. No one from that group feels likely to be a serious trade candidate this summer.

Of the three buckets listed above — “rental,” “one extra year” and “longer-term” — the rental pieces are the likeliest to go. Selling anything beyond that point, particularly a face of the franchise like Anderson or a controllable Cy Young-caliber talent like Cease, would likely signal a step back and longer-term rebuilding effort just two years after the Sox sought to emerge from their prior rebuild. Owner Jerry Reinsdorf is as loyal as they come, but one can imagine that the current meltdown could test even his patience; GM Rick Hahn candidly acknowledged last week in public comments that his job is likely on the line.

The White Sox still have a couple months to try to turn things around, but if things don’t improve in a hurry, then many of the names listed above will the most frequently discussed players on the 2023 summer rumor mill as contending teams look to beef up their rosters in advance of a postseason push.

2023-24 MLB Free Agent Power Rankings

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Welcome to the year’s first edition of the 2023-24 MLB free agent power rankings!  With this series we will attempt to rank players who are on track for free agency after the 2023 season, by measure of their estimated earning power.

MLBTR will take periodic looks at the top of the class from now through the remainder of the season.  Season performance will start to influence these rankings, but 11 or 12 games into the season, it’s not much of a factor in the April edition.  By the end of the season, 2023 results will matter quite a bit.  A strong platform year can elevate any player’s status in free agency, just as a poor walk year can tank their stock.

For the full list of 2023-24 MLB free agents, click here.

Our power rankings are compiled collaboratively by myself and MLBTR writers Anthony Franco, Steve Adams, and Darragh McDonald.  Players with opt-out clauses and player options are included, even if they’ve previously given indications they may forgo the opportunity to return to the market.

The 2023-24 MLB free agent class is an odd one.  It’s headed up by Shohei Ohtani, the Angels’ incredible two-way superstar, but seems to fall short of last winter’s class that was led by Aaron Judge and four star shortstops.

As can often happen, the 2023-24 class has had some of its thunder stolen by extensions.  Notably, Manny Machado and Rafael Devers inked extensions in excess of $300MM.  Yu Darvish and Miles Mikolas came off the market this year as well.  Other players who would have been free agents after ’23 had they not signed extensions include Matt Olson, Tyler Glasnow, Luis Castillo, Ozzie Albies, Yoan Moncada, Ryan McMahon, and Kyle Freeland.  And just a few hours prior to the publishing of this list, the Cubs agreed to an odd three-year deal to retain Ian Happ, who had been ranked eighth.  Additional players from the list below may also come off the board with extensions before free agency opens in November.

Let’s get to it!

1.  Shohei Ohtani, SP/DH, Angels:  Ohtani signed with the Angels in December 2017, generating significant hype given his ability to serve as both a starting pitcher and regular designated hitter.  He’d done so for five years as a member of NPB’s Nippon Ham Fighters.  No one knew how this experiment would go, as even Babe Ruth quickly phased out pitching after he started setting home run records in 1919.

Scouts were skeptical, but Ohtani posted a huge 149 wRC+ in 367 plate appearances as a rookie, while also pitching to a 3.31 ERA in ten starts.  The performance netted him the AL Rookie of the Year award in 2018.  But aside from dealing with blisters that year, Ohtani came down with an elbow sprain in June.  He got a platelet-rich plasma injection, stopped pitching for the season, and continued hitting.  He returned to the mound for a brief outing in September that year, and then underwent Tommy John surgery after the season ended.

Ohtani was still able to hit in 2019, returning in May of that year and posting a 120 wRC+ on the season.  That campaign ended early with surgery to address a bipartite patella in his left knee.  The pandemic delayed the start of the 2020 season, resulting in a gap of nearly two years between Major League pitching appearances for Ohtani.

Based on where he went in my fantasy baseball drafts in March 2021, expectations were relatively low for Ohtani entering that season.  Ohtani shattered those expectations, winning the AL MVP award in ’21 and finishing second in ’22.  He posted a 146 wRC+ with 80 home runs in 1,305 plate appearances during that time.  Ohtani also made 51 starts across 296 1/3 innings, posting a 2.70 ERA and 31.4 K%.  His pitching performance netted a fourth place Cy Young finish in 2022.

Over the past two seasons, Ohtani accomplished what many thought simply could not be done in modern MLB.  Ohtani, who turns 29 in July, is simultaneously one of the best hitters and pitchers in MLB.  He was worth 17.5 WAR from 2021-22, edging out Aaron Judge for the best in the game.  Ohtani is a once-in-a-lifetime sensation at the peak of his abilities.

Ohtani is earning an arbitration-record $30MM this year, and he’s on track for free agency after the season.  Angels owner Arte Moreno was unwilling to part with Ohtani despite trade offers last summer, just as he was ultimately unwilling to sell his team this winter despite soliciting bids.  Moreno hopes to retain his two-way star, but told reporters, “Ohtani has to want to be here too.”  Moreno expressed willingness to go over the competitive balance tax threshold, but also admitted that the club has not had discussions with Ohtani.

The Angels have never had a winning season in Ohtani’s five years with the club, though that might change in 2023.  Asked about the extension possibility in February, agent Nez Balelo said, “I’ve always been open to it. But there’s several layers to this one, and Shohei’s earned the right to play through the year, explore free agency, and we’ll see where it shakes out.”

So, what actually drives Shohei Ohtani?  There’s evidence it’s not entirely money, since he chose to come to MLB at age 23.  His age limited him to a $2.3MM signing bonus, when waiting two more years could’ve resulted in over $100MM more.  Ohtani’s six other finalists in 2017 were the Mariners, Rangers, Cubs, Padres, Dodgers and Giants.  At the time, Balelo said, “While there has been much speculation about what would drive Shohei’s decision, what mattered to him most wasn’t market size, time zone or league but that he felt a true bond with the Angels.”

Still, many have noted that most of Ohtani’s finalists were on the West Coast.  And it’s certainly logical that after accomplishing so much as an individual, Ohtani will focus on joining a team he believes will be a perennial contender.  The Dodgers and Padres are oft-cited potential matches, and most expect the Mets to be heavily involved.  The Giants took two large swings at star players last winter, and the Yankees and Mariners shouldn’t be discounted.  I’m sure you could name a half-dozen at least semi-reasonable fits.  In terms of payroll commitments for 2024 and beyond, the Dodgers, Giants, and Mariners are much better-positioned than the Yankees, Padres, and Mets, though it’s difficult to picture Steve Cohen staying out of the fray.

The largest contract in MLB history remains Mookie Betts’ 12-year, $365MM extension in July 2020, though it included significant deferrals.  Ohtani’s teammate Mike Trout received $360MM in new money back in 2019.  So no one has even signed for $400MM yet, though the Padres reportedly offered Judge around $415MM and the Nationals offered Juan Soto $440MM.

No one doubts that Ohtani will become the first player to truly top the $400MM barrier, and common speculation is that he will reach $500MM.  Where will the bidding stop for a generational talent and marketing bonanza such as Ohtani?  I’m not willing to rule out a $600MM contract, though perhaps something in the $550MM range could represent a sweet spot.

The 2022-23 offseason included a trend toward extra-long contracts, with Machado, Trea Turner, and Xander Bogaerts all getting 11-year contracts paying through age 40.  The goal of those was to reduce the average annual value and accompanying CBT hit.  Going through age 40 would mean a 12-year contract for Ohtani, though I personally think a 14-year term has a chance of passing MLB’s scrutiny.  It’s been suggested that the Padres’ concept of paying Judge through age 44 wouldn’t have passed muster, but that’s not to say going through age 42 is off the table.

If Ohtani aims for maximum dollars and the $40MM standard only Judge has achieved on a long-term deal, I think 14 years and $560MM could be an end point.  There’s also an argument that since Ohtani is both an elite hitter and pitcher, he should land an average annual value in excess of $45MM or even $50MM.  Max Scherzer currently holds the record at $43,333,333.33 per year, though only Judge received $40MM for more than three years.

I could also be wildly wrong and Ohtani could fall well short of the $560MM guess.  Nor do I have any idea whether Ohtani will accept the largest deal proposed to him.  Buckle up for what could be the most fascinating and frenzied free agency in MLBTR’s 17-year history.  Our Ohtani page can be found here, which we’ll be beefing up with some additional quality content soon.

2.  Julio Urias, SP, Dodgers:  Urias may not generate the hype of Ohtani, but the lefty is a former prodigy in his own right and our clear #2 for earning power in this free agent class.  After being handled carefully as a minor leaguer, Urias made his Major League debut for the Dodgers at the age of 19, way back in 2016.  His pitch counts were kept low, and at the end of a successful season Urias made two playoff appearances for the Dodgers, including an NLCS start.

Unfortunately, Urias came down with a serious shoulder injury in June 2017, and anterior capsule surgery was required.  He went nearly 16 months between MLB appearances.  In 2019, Urias was again handled carefully, pitching out of the bullpen more often than the rotation.  That year, he was arrested on suspicion of domestic violence, according to the LAPD.  MLB ultimately issued a 20-game suspension.

Urias entered 2020 without restrictions, and wound up making ten starts in the pandemic-shortened season.  He was utilized creatively in the postseason that year, making two starts and four multi-inning relief appearances.  Urias memorably got the last seven outs in Game 6 of the 2020 World Series, freezing Willy Adames with a called strike for the last one and getting mobbed by his Dodgers teammates after winning it all.

Urias further turned a corner in 2021, topping 200 innings between the regular season and postseason – easily a career-high.  He won 20 games with a 2.96 ERA and finished seventh in the NL Cy Young voting.  He followed that up in 2022 with a third-place Cy Young finish and an NL-best 2.16 ERA.

Despite a 2.57 ERA from 2021-22 that ranked second among all qualified starters, Urias can’t quite be described as dominant.  His 25.2 K% during that time was still above-average, ranking 21st among starters.  His pinpoint control was even better, with a 5.5 BB% that ranked ninth.  Much of Urias’ success can be attributed to his ability to limit hard contact.  His BABIP was just .251 from 2021-22, third-lowest in MLB, and his Statcast hard-hit rate ranked second each year.  Urias is not particularly adept at getting groundballs, but fewer of the flyballs he allows leave the yard.

So Urias’ case as one of the best pitchers in baseball is based more on great control and weak contact than it is punching out batters.  His results are undeniable.  But the factor that sends his earning power through the roof is his age: he does not turn 27 until August.  Because players so rarely debut at the age of 19, it follows that a free agent ace entering his age-27 season is extremely uncommon.  We have seen it on the position player side, such as Bryce Harper and Manny Machado hitting free agency in advance of their age-26 campaigns.

Pitchers are seen as greater risks than position players, so Harper’s 13-year term probably isn’t happening with Urias.  On the other hand, last offseason’s trend for star free agents was all about reaching a specific total, with the years and average annual value being secondary.  Agent Scott Boras likely has a clear target to attempt to top: Stephen Strasburg’s $245MM, a contract he brokered in December 2019.  If getting there requires a term that would’ve previously been considered untenable, such as nine or ten years, that wouldn’t shock me.

It is worth noting that Strasburg’s contract has been a disaster due to injuries.  Urias’ shoulder surgery will be more than six years behind him when he hits free agency, but a clean bill of health will be crucial to any monster long-term deal.  There’s also the matter of Urias’ good-but-not-amazing strikeout rate in an age where some starters can whiff more than 30% of batters faced.  Urias doesn’t have that, and his fastball averages 93 miles per hour rather than 97.  So while I think Boras’ goal and expectation will be $250MM+, it remains to be seen whether Urias can secure the second-largest pitcher contract of all-time behind Gerrit Cole’s $324MM.

Where do the Dodgers stand on Urias?  The club has been perfectly willing to let star free agents leave, while also retaining other long-time Dodgers or occasionally plucking a top free agent from another team.  In other words, there’s no way to know their intentions with Urias based on their history.  I will say that I could see the potential risk being too high for the Dodgers, and it’s possible they focus their efforts on Ohtani or other top free agent pitchers.

3.  Aaron Nola, SP, Phillies:  Nola and Urias will make for an interesting comparison, if both reach the open market after the season.

Nola turns 30 in June, so he’s about three years older than Urias.  Nola was drafted seventh overall by the Phillies in 2014 out of Louisiana State, making his MLB debut the following year at the age of 22.  He was seen as more of a high floor than a high ceiling pitcher at the time.

Nola experienced an early-career hiccup in August of 2016, when he hit the IL for an elbow strain.  That injury ended Nola’s season after 20 starts.  Nola was able to recover from the strain without surgery, and has not gone on the IL for an arm injury since.  Furthermore, Nola has become the game’s preeminent workhorse, leading all pitchers in innings from 2018-22.

Nola is much more ace than innings guy, however, having turned a corner in 2018 with a third-place Cy Young finish.  He also finished seventh in 2020, and fourth in ’22.  Like Urias, Nola works around 93 miles per hour, but the Phillies’ righty has racked up strikeouts at an elite clip.  From 2020-22, Nola whiffed 30% of batters faced, ninth in MLB among qualified starters.  His control is even better than that of Urias, with a 4.9 BB% during that time that ranked fourth among starters.

Nola added his first playoff experience last year in the Phillies’ run to the World Series.  A pair of excellent starts helped the Phillies advance, though he faltered in the NLCS and World Series.

Nola’s groundball rate has slipped in recent years, and his Statcast marks haven’t been consistently excellent the way Urias’ have.  That means Nola’s home run rate and batting average on balls in play can fluctuate season-to-season.  That’s how he was able to post a 2.37 ERA in 2018 but a 4.63 mark in 2021 despite arguably demonstrating better skills in the latter season.

Back when Nola had three years of MLB service, he inked a four-year extension with the Phillies that included a club option on a fifth year, which the Phillies gladly exercised.  If he remains healthy and effective in 2023, a contract north of $200MM has to be in play if Nola reaches the open market.

Nola and the Phillies have shown mutual interest in a contract extension this year, with offers being exchanged in February.  Talks were tabled when an agreement could not be reached prior to the season, but both Phillies president of baseball operations Dave Dombrowski and agent Joe Longo spoke positively of rekindling discussions after the season.  That can be difficult when free agency is days rather than months or years away, but it has happened before and remains a possibility here.

4.  Yoshinobu Yamamoto, SP, Orix Buffaloes: Back in February, Joel Sherman of the New York Post wrote that there is “strong belief among MLB teams” that Yamamoto will be posted by the Buffaloes after the season.  As MLBTR’s Steve Adams wrote, “Yamamoto is already a four-time NPB All-Star and has taken home both the Pacific League MVP Award and the Sawamura Award (Japan’s equivalent to MLB’s Cy Young Award) in each of the past two seasons.”

Adams compiled stats and various scouting reports suggesting Yamamoto could profile as an ace or something close to it in MLB as well.  But the kicker is that Yamamoto doesn’t turn 25 until August, so he’s two years younger than even Urias.  Pitchers this good and this young can basically only come through international free agency, and Yamamoto will be right at the age that allows for the full bidding war that Ohtani passed on when he came over.

Masahiro Tanaka comes to mind as a someone who moved from NPB to MLB at the same age and at a time when there was open bidding on posted players.  Tanaka’s deal with the Yankees was finalized in January 2014.  That was a seven-year, $155MM contract plus a $20MM posting fee.  That contract notably included an opt-out clause after the fourth season.

The current posting agreement calls for 20% of the first $25MM, 17.5% of the next $25MM, and 15% of the remainder.  Using a $200MM contract as an example, the posting fee would be $31.875MM.  The posting fee is not part of the competitive balance tax calculation, however, presenting a carrot to teams that carry payrolls high enough to be affected by the CBT.

Ten years after the Tanaka deal, I feel Yamamoto is indeed capable of reaching $200MM before accounting for a posting fee.  However, in this age where teams try to stretch out contracts as long as possible, given his youth Yamamoto might prefer either the flexibility to opt out, the total expiration of the contract while he’s still young enough to be a desirable free agent again, or both.  Though Ohtani will loom large over this offseason, Yamamoto getting posted would be a huge story in its own right.

5.  Matt Chapman, 3B, Blue Jays:  The conversation about Matt Chapman starts with his stellar defense at third base.  Since breaking in with the A’s in 2017, Chapman has snagged three Gold Glove awards, most recently in 2021.

Statcast Outs Above Average backs up Chapman’s defensive excellence, as he’s ranked in the top four at third base in 2017, ’18, and ’19 and first in ’21.  Pandemic-shortened season aside, the only interruption in Chapman’s run of top-shelf defense, at least according to the numbers, was in 2022.  He graded out as more of an average defender last year.  While Chapman’s reputation deservedly holds strong, a strong showing this year will only help his earning power in free agency.

From 2018-19 with the A’s, Chapman’s bat aligned with his glove to push him into 6-WAR superstar territory.  Chapman posted a 132 wRC+ during that time, mashing 60 home runs.  Chapman’s strikeout rate climbed to a dangerous level in the shortened 2020 season, and then he underwent surgery to repair a torn right hip labrum in September of that year.  Chapman had his worst year with the bat in 2021, and the A’s shipped him to Toronto in March 2022 as part of their post-lockout fire sale.

Chapman’s strikeout rate climbed and his batting average plummeted since 2020, though he’s remained an above-average hitter.  He posted a solid 117 wRC+ in 2022, with 90th percentile-range Statcast metrics suggesting room for more.  That has indeed been the case in the early going of 2023, though it’s only been 48 plate appearances at the time of this writing.

Chapman’s 30th birthday is approaching this month, so he’ll play next year at 31.  That could invite comparisons to the free agent contracts signed by Marcus Semien and George Springer, with seven and six-year terms respectively.

However, I keep harping on how the old free agency principles went out the window last winter, so Chapman and agent Scott Boras are hardly limited to a seven-year term.  It’s not difficult to picture a return to the 6-WAR level for Chapman this year and a contract expectation north of $200MM.

Asked about free agency in February, Chapman said all the right things, but there’s no known momentum toward a long-term deal with the Blue Jays.  With fellow third basemen Manny Machado and Rafael Devers staying put, Chapman has emerged as the top non-Ohtani free agent position player of the 2023-24 free agent class.

6.  Lucas Giolito, SP, White Sox: Giolito was drafted 16th overall by the Nationals in 2012 out of Harvard-Westlake High School.  He was a key piece on the trade that sent Adam Eaton to the Nats in December 2016.

Giolito struggled mightily in his first full season in the Majors in 2018, and then did a complete about-face in 2019 by making the All-Star team and finishing sixth in the AL Cy Young voting.  He finished seventh and 11th in the years that followed, posting a 3.47 ERA with a 30.7 K% from 2019-21.

Giolito’s performance fell off quite a bit in 2022.  His average fastball velocity dropped from 93.9 miles per hour to 92.6, and his strikeout and walk rates both went in the wrong direction.  While Giolito’s spin rates did go down quite a bit with the June 2021 sticky stuff crackdown, that’s overly simplistic as a complete explanation for his decline.  As John Foley of Pitcher List wrote, “Rather than it being one clear issue to blame, it seems Giolito dealt with a number of seemingly smaller things – perhaps the early season core injury, the COVID illness, the new bulk on his frame, or the changed ability to grip the ball, or some combination thereof – that resulted in subtle mechanical tweaks that decreased the quality of his stuff, reduced the deception in his delivery, and broke down how well his pitches tunneled together.”

It’s far too early to tell whether Giolito will right the ship in 2023.  And even if Giolito doesn’t come all the way back to his 2019-21 levels, he reinvented himself once before, and there are teams that have had more success coaxing the most out of starting pitchers than the White Sox.  For all the extensions the White Sox have worked out, a deal with Giolito doesn’t appear to be in the cards.  Giolito, still only 29 in July, figures to secure an opt-out if his 2023 performance disappoints.

7.  Teoscar Hernandez – RF, Mariners:  Hernandez was signed by the Astros for $20K out of the Dominican Republic in 2011.  The club shipped Hernandez and Nori Aoki to the Blue Jays for Francisco Liriano at the 2017 trade deadline.  Prior to that season, Hernandez was considered a 55-grade prospect by Baseball America.

Jose Bautista’s departure opened up a spot for Hernandez in 2018, and he became a starter at the outfield corners for the Jays.  After a couple years of slightly above-average offensive production, Hernandez turned a corner in 2020 with a 142 wRC+ and 16 homers in 207 plate appearances.  That power was no fluke, as Hernandez posted a 131 wRC+ from 2021-22 with 57 home runs, cutting his strikeout rate a bit as an added bonus.  He picked up Silver Slugger awards and MVP votes in both ’20 and ’21.

Overall as a hitter, Hernandez is known for big power, top of the chart Statcast metrics, a still-high strikeout rate, and a middling walk rate.  Though he has a strong arm, Hernandez’s right field defense typically grades as below-average.  Since 2020, the total package has resulted in about 4 WAR per 650 plate appearances.  Hernandez has not actually reached that plate appearance plateau, however, as he’s had IL stints for multiple oblique strains.  He’s set to turn 31 in October.

Seeking a controllable bullpen arm and perhaps some payroll flexibility, the Blue Jays traded Hernandez to the Mariners last November for setup man Erik Swanson as well as prospect Adam Macko.  The Mariners have given no signal an extension is in the works for Hernandez, and they beat him in an arbitration hearing in February.  He may wind up a one-year rental for Seattle.

As a free agent, Hernandez gives off some Nick Castellanos vibes, though we think he can top that player’s $100MM deal.  Hernandez lost a key competitor in the market with Ian Happ signing a three-year extension with the Cubs.

8.  Jordan Montgomery, SP – Cardinals: Montgomery, a 30-year-old lefty, was drafted by the Yankees in the fourth round out of the University of South Carolina back in 2014.  He was able to land the team’s fifth starter job out of camp as a rookie in 2017, though he was not needed until April 12th.

Montgomery had a strong year for the 2017 Yankees despite getting pushed out of the rotation occasionally due to the team’s trades, putting up a 3.88 ERA in 29 starts and finishing sixth in the AL Rookie of the Year voting.

Montgomery opened 2018 as the Yankees’ fifth starter once again, but unfortunately went down for Tommy John surgery in June.  His recovery resulted in a 16.5 month gap between MLB appearances, as the lefty got in a couple of brief September appearances in ’19.  Pandemic year aside, Montgomery returned to his rookie-year level of performance with a solid 2021 season for New York.

At the trade deadline last year, the Yankees made the surprising choice to ship Montgomery to the Cardinals for center fielder Harrison Bader, who was on the IL at the time.  The jury is still out on that trade, but thus far in 13 starts for the Cardinals running into this year, Montgomery has posted a 2.97 ERA.  He also contributed a scoreless appearance for the Cards in last year’s Wild Card game.

Montgomery has bumped up his velocity post Tommy John, now working above 93 miles per hour on average.  Last year he posted a 21.8 K% that improved when he joined the Cardinals, as well as a fine 5% walk rate that fits with his strong control.  It’ll be interesting to see if Montgomery can continue to push his strikeout rate forward, which would only help his earning power.

MLBTR’s Anthony Franco and Steve Adams pushed for Montgomery to get a spot on this list, suggesting a strong season could vault him past the new Jameson Taillon–Taijuan Walker $70MM tier, perhaps to the $100MM range.  He’s got upside to climb as high as sixth in our power rankings this year.

9.  Josh Hader, RP – Padres:  Hader was a 19th round draft pick by the Orioles out of Maryland’s Old Mill High School back in 2012.  At the 2013 trade deadline, the Orioles sent Hader, L.J. Hoes, and a competitive balance round A pick to the Astros for Bud Norris.  Two years later, however, the Astros sent Hader, Adrian Houser, Brett Phillips, and Domingo Santana to the Brewers for Mike Fiers, Carlos Gomez, and cash.  So that makes two players on this list who were traded away as Astros prospects by Jeff Luhnow.

Hader made his MLB debut for the Brewers in 2017 as a reliever.  At the time, he was still thought to be a starter long-term.  However, as sometimes happens, Hader was so good in the bullpen that the Brewers were never willing or able to move him back into a starting role.  He made his first All-Star team with a dominant 2018, posting an obscene 46.7 K% and finishing seventh in the Cy Young voting.  Hader was used as a multi-inning weapon that year, getting more than three outs 33 times and averaging 1.47 innings per appearance.

The following year, Hader replicated his huge strikeout rate and made another All-Star team.  It was also the last time he averaged more than an inning per appearance.  He racked up 37 saves and inched closer to being used in a traditional stopper role.  Hader made All-Star teams again in ’21 and ’22.

At last year’s trade deadline, three games up in the NL Central, the Brewers attempted to thread the needle by trading Hader to the Padres.  In theory, they could shed some payroll in ’22 and ’23, replace Hader in the bullpen with Taylor Rogers, and pick up prospects Esteury Ruiz and Robert Gasser along the way.  While that plan did not pan out for Milwaukee, Hader also had a rough entry to his Padres career.  He’d already torched his ERA in two appearances prior to the trade, and then shortly after joining the Padres allowed 12 earned runs in three innings.

Hader then righted the ship for the Padres, closing out the regular season by allowing one run in 11 1/3 innings.  He then dropped an additional 5 1/3 scoreless innings in a dominant postseason.  The Padres had no problem paying Hader $14.1MM for his final arbitration year in ’23.

Hader is a lanky 29-year-old lefty who has generally worked in the 95-97 mile per hour range.  He remains capable of striking out more than 40% of batters faced, allowing 10-11% to reach base via the free pass.  The walks can be less than ideal, and Hader has also been burned by the longball at times.  He’s a flyball pitcher, made worse by a 14% career home run per flyball rate.  In a 60-inning season it would be normal for Hader to allow seven or eight home runs, and in 2019 he gave up 15 bombs.

Despite those flaws, Hader can still be one of baseball’s most dominant relievers, hugely valuable for teams with postseason expectations.  Edwin Diaz’s record five-year, $102MM deal could be in play for Hader with a big year, or perhaps he could land in the $80-90MM range occupied by Kenley Jansen and Aroldis Chapman in the 2016-17 offseason.

10.  Blake Snell, SP – Padres: Snell, 31 in December, was drafted 52nd overall by the Rays in 2011 out of Shorewood High School in Washington.  He was a supplemental draft pick the Rays received for the loss of free agent Brad Hawpe.

Prior to his 2016 Major League debut, Snell ascended to become a consensus top-15 prospect in the game.  The lefty didn’t really settle into the Rays’ rotation until the end of 2017.  2018 was a special year for Snell, as he won the AL Cy Young award, also making the All-Star team and grabbing MVP votes.  His 1.89 ERA topped the American League, and he won 21 games while pitching a career-high 180 2/3 innings.  That was the year Snell’s strikeout rate shot upward past 30%, a level he’s maintained since.  Snell’s dominant 2018 performance led to a five-year, $50MM contract extension prior to 2019.

In July of 2019, Snell underwent arthroscopic elbow surgery, knocking him out for nearly two months.  He made it through the shortened 2020 season unscathed, famously getting pulled by manager Kevin Cash in Game 6 of the World Series after 73 pitches and 5 1/3 innings, having allowed one run on two hits.

Two months later, the Rays moved on from Snell, trading him to the Padres for four players.  He tallied 256 2/3 innings from 2021-22, including time missed for gastroenteritis and multiple groin strains.

Snell received a cortisone shot for his elbow in February 2020, but technically he hasn’t been on the IL for an arm injury since his surgery nearly four years ago.  The knock on Snell is less health and more that he’s never been one to go deep into games.  He averaged over 5.8 innings per start in his Cy Young season, but has otherwise come in south of 5.4.  And from 2019-21, he managed only 4.7 innings per start.  Part of the issue is Snell’s walk rate, which sits north of 10% for his career and can climb above 12%.  In 2022, the average starting pitcher worked 5.2 innings per start, walking 7.5% of batters.

As a lefty working at 95-96 miles per hour, Snell still has the ability to dominate, as evidenced by his high strikeout rates.  And the game has been trending toward shorter starts, with teams increasingly reluctant to let their starter face a lineup a third time.  Snell’s 5.33 innings per start in 2022 ranked 81st in MLB among those with at least 15 starts.  While that’s not impressive, it also wasn’t far off from Charlie Morton (5.55), Jameson Taillon (5.53), Nathan Eovaldi (5.46), Taijuan Walker (5.42), Lucas Giolito and Luis Severino (5.37).  It’s also ahead of several players who got $12MM+ per year in free agency, like Jose Quintana, Ross Stripling, and Mike Clevinger.

Perhaps Snell’s Cy Young season created unreasonable expectations, but he remains a very good pitcher with ample postseason experience.  With a typical season, he should be able to top Taijuan Walker’s four-year, $72MM deal.

Honorable Mentions

Other players considered for this list, or who have a chance to play their way onto it, include Max Scherzer, Luis Severino, Tyler Mahle, Sean Manaea, Harrison Bader, Michael Conforto, Amed Rosario, and Jung Hoo Lee.  Of course, one of the best parts of baseball is surprising performances, and we’ll revisit the 2023-24 MLB Free Agent Power Rankings every month.

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