Jan. 6: The Royals and Michael Lorenzen are reportedly in agreement on a one-year, $7MM contract. The deal, which is pending a physical, comes with a $5.5MM salary for next season. There’s a $12MM mutual option for 2026 that would come with a $1.5MM buyout if the Royals decline their end of the option. The contract also contains $1MM in performance bonuses for the CAA client.

Lorenzen heads back to Kansas City after finishing the ’24 campaign with the Royals. Kansas City acquired him from the Rangers in a deadline deal that sent reliever Walter Pennington to Texas. Lorenzen made a strong first impression, turning in a 1.57 ERA across 28 2/3 innings while starting six of his seven outings.

That capped off one of the better seasons of his decade-long MLB career. Lorenzen finished the year with a combined 3.31 earned run average over 130 1/3 innings. He started all but two of his 26 appearances. It was the third straight solid year since Lorenzen moved to the rotation. He’d turned in a 4.24 ERA over 18 starts for the Angels in 2022 and combined for a 4.18 mark in 153 innings between the Tigers and Phillies in ’23.

In each of those seasons, Lorenzen has found bottom line success despite an unimpressive strikeout and walk profile. That was particularly true last year. His 18.1% strikeout percentage and 11.2% walk rate are a few points worse than the respective league averages. Lorenzen has missed bats on fewer than 10% of his pitches in consecutive seasons. Last year’s 9.1% swinging strike rate was his lowest mark since 2018.

Lorenzen nevertheless carries a 3.90 ERA across nearly 400 innings over the last three seasons. While he has outperformed his peripherals in each season, teams seemingly remain skeptical about his chances of doing so yet again. Lorenzen has been limited to one-year contracts with base salaries below eight figures in each of the last four offseasons. He reportedly sought a two-year deal last winter. Lorenzen lingered in free agency deep into Spring Training before heading to Arlington on a modest $4.5MM guarantee with $2.5MM in performance bonuses.

The 33-year-old jumped on a deal earlier in the winter this time around. Lorenzen earns a slight pay bump relative to last season. He’ll also get the benefit of sticking with the same organization with which he ended the previous year. This is the first time since Lorenzen’s early-career run in the Cincinnati bullpen that he’ll stick with the same team over an offseason.

Kansas City lost some mid-rotation stability when they swapped Brady Singer for Jonathan India early in the offseason. That vacated a rotation spot for Kyle Wright, who is coming back from shoulder surgery that cost him the entire 2024 season. Lorenzen could compete with Wright and Alec Marsh for the fifth rotation spot behind Cole Ragans, Seth Lugo, Michael Wacha and Kris Bubic. Skipper Matt Quatraro could also turn to a six-man rotation or keep Lorenzen in long relief with the flexibility to move back into the rotation as injuries arise or workload management necessitates.

Previous reporting had indicated that Lorenzen, who had a bit of outfield experience with Cincinnati early in his career, could sign with a non-contender to take some at-bats. The idea would’ve been to reach the 20 games as a hitter necessary to qualify as a two-way player. That would’ve meant he would not have counted against a team’s 13-pitcher limit. There is no indication that the Royals — a team that made the Division Series last year and certainly intends to reach the playoffs again — is planning to do that.

Lorenzen’s salary brings the Royals’ payroll to roughly $121MM, according to the RosterResource calculations. They’d been around last year’s spending level before this signing, their first MLB contract since they re-signed Wacha shortly before free agency officially opened. It’s not clear how much room remains in the budget. Kansas City has reportedly looked for a middle-of-the-order bat after acquiring India to hit atop the lineup. Corner outfield and bullpen help are the biggest needs on paper.

ESPN’s Jeff Passan first reported the Royals and Lorenzen had agreed to a one-year, $7MM deal that included a $12MM mutual option. Anne Rogers of MLB.com reported the salary and the option buyout. Ken Rosenthal of the Athletic was first to mention the $1MM in bonuses. Image courtesy of Imagn.

Major League Baseball instituted a rule in June of 2022 limiting clubs to 13 pitchers on a 26-man roster. When rosters expand to 28 in September, the pitcher limit goes up to 14. As part of these rules, each player is designated as a pitcher or a hitter or a two-way player. In the case of a two-way player, they don’t count against that pitcher limit. For instance, the Angels were able to carry Shohei Ohtani and 13 other pitchers on their roster during his time with that club, giving them one extra arm compared to all other teams. The Dodgers will be able to do the same in 2025 and beyond, after Ohtani didn’t pitch this year while recovering from Tommy John surgery.

To qualify for two-way status, a player needs to have met certain criteria. They need to have pitched at least 20 innings and have played 20 games as a position player or designated hitter, getting at least three plate appearances in those games, in either the current season or the previous one. The status allows the club to get around the roster limitations, as well as the rules on when a position player can pitch.

The plan from Lorenzen and his agent, as laid out by Rosenthal, is to let Lorenzen get the necessary plate appearances this year in order to qualify for two-way status. Once he has that status, it would be in place for the remainder of 2025 and in 2026 as well.

It’s a creative plan which would theoretically increase Lorenzen’s value. In this day and age, pitcher usage has been shrinking, with starters getting pulled earlier and relievers taking up larger workloads. Having one extra arm would certainly appeal to a club, so it’s understandable with Lorenzen and his reps would give it a try.

The challenge would be in implementation. Lorenzen wasn’t an especially good hitter even when he was doing it regularly. With the Reds from 2015 to 2019, he got between five and 53 plate appearances each year, getting to 145 in total over those five seasons. He hit seven home runs but only walked at a 4.8% rate and struck out 31.7% of the time. His .235/.279/.432 line led to an 84 wRC+, which is not too bad for a pitcher but still subpar. It’s also mostly buoyed by a four-homer burst in 34 plate appearances in 2018. He stepped to the plate 53 times in 2019 but went deep just once and slashed .208/.283/.313 for a wRC+ of 53.

Even getting to something in that vicinity is probably a tall ask. Lorenzen got exactly one plate appearance in both 2020 and 2021, followed by none at all in the past three seasons, so we’re talking about a guy who essentially hasn’t hit at all in five years and is turning 33 years old in January.

But the way the plan is outlined, that doesn’t seem to matter. The idea is for a rebuilding club such as the White Sox or Marlins to run Lorenzen out there, knowing full well he isn’t likely to hit much, but presumably not caring since they’re not really trying to win anyway. Once he has unlocked two-way player status, he can be traded to a contender that would benefit from having another pitcher on the roster.

It’s perhaps worth noting that this plan could theoretically be done with any pitcher, though a theoretical hurler might not be keen on the idea. A random free agent pitcher might not want to embarrass himself by stepping up the plate in those 20 games, and there’s also the risk of suffering an injury on a stray pitch hitting a hand or some kind of strain while running the bases or sliding into a bag. Lorenzen at least has the potential to be somewhat passable in the box and it’s possible he welcomes the challenge of getting back in there.

Lorenzen has been utilized more as a pitcher because his results have been better on the mound, and he would have value even just as a standard hurler. He has a 3.99 earned run average in 854 1/3 innings at this point, working as a starter, reliever or swingman over his career. He has signed one-year deals in each of the past three offseasons, just based on his abilities on the mound. He got $6.8MM from the Angels going into 2022, $8.5MM from the Tigers going into 2023 and $4.5MM from the Rangers last offseason. He just posted a 3.31 ERA this year between the Rangers and Royals and would presumably be able to get another solid one-year pact in the coming weeks or months.

The hope from Lorenzen and his reps seems to be that this unorthodox idea could perhaps get him a bit more money or maybe a second year on his next deal. It’s unclear whether any club would have the appetite for such a strategy, however. In the age of expanded playoffs and the draft lottery, very few clubs are going into the 2025 season with no hope of contending. Even clubs that have been bad in recent seasons like the Angels and Athletics have been aggressively adding to their rosters this winter.

The White Sox just had a record-setting season of futility and are surely going to be bad again in 2025, but intentionally tanking a lineup spot to gain some theoretical marginal boost in trade value might be a bit too egregious for a club that probably has some desire for a less embarrassing season next year. It’d also take some at-bats from younger players the team would like to develop.

Rosenthal scoffs at the idea of the White Sox or Marlins having young players that they want to give big league at-bats to, but that’s oddly dismissive. Surely the Fish would have to weigh a plan like this against trying out various players they hope can become viable major leaguers, such as Kyle Stowers, Griffin Conine, Deyvison De Los Santos and so on. Even if they feel they have DH at-bats to use, they could go the more traditional route of just signing a free agent hitter such as Jesse Winker or Tommy Pham with the idea of trading that player at the deadline.

Time will tell if any club will bite, but one has to tip their cap to Lorenzen and his reps for thinking outside the box.

It’s a crucial start as K.C. fights for a playoff spot. The Royals squeaked out a 1-0 win in extra innings over the Nationals tonight. That kept them in front of the Tigers for the AL’s second Wild Card spot via the tiebreaker. They’re two games up on the Twins and 2.5 clear of the Mariners in the race.

Lorenzen has been down for more than a month because of a left hamstring strain. Acquired from the Rangers at the deadline, the righty had a sparkling 1.85 earned run average in 24 1/3 innings over his first five starts. That excellent run prevention was in spite of mediocre strikeout (17%) and walk (10%) rates. Lorenzen’s results have generally outpaced his peripherals for consecutive seasons. He carries a 3.43 ERA over 126 frames between Texas and K.C. this year.

Alec Marsh stepped back into the rotation while Lorenzen was on the shelf. He pitched fairly well, turning in a 4.50 ERA while striking out more than 32% of opponents over four starts. Marsh is moving into the bullpen to open a rotation spot, tweets Jaylon Thompson of the K.C. Star. The 26-year-old righty has turned in a 4.65 ERA with a solid 23% strikeout rate over 25 appearances (24 starts) on the year. He had an excellent start to the season before a terrible July led the Royals to option him to Triple-A for the three weeks preceding Lorenzen’s injury.

While Lorenzen’s return is a boost to the pitching staff, skipper Matt Quatraro provided disheartening updates on a pair of relievers this afternoon. The Royals have officially ruled out Hunter Harvey and James McArthur for the season, Quatraro said (X link via Anne Rogers of MLB.com). Harvey has been out since the middle of August with a back injury, while the Royals lost McArthur to an elbow sprain last week.

Quatraro said the Royals were sending Harvey for a second opinion, which at least raises the question of whether he’ll need surgery. Injuries have been a recurring problem for the 29-year-old righty. Harvey underwent Tommy John surgery as a prospect and has had extended absences during his MLB career for forearm, lat and elbow injuries.

Harvey can be a high-leverage reliever at his best, as he showed with the Nationals between 2023-24. He fired 60 2/3 innings of 2.82 ERA ball last season. This season’s 4.20 mark across 45 frames wasn’t as impressive, but Harvey punched out more than 26% of opponents behind a 13.4% swinging strike rate. The Royals viewed him as a late-game weapon and sent third base prospect Cayden Wallace plus the 39th pick in this summer’s draft to acquire him. They’ve gotten essentially nothing out of that deal, as Harvey allowed four runs over 5 2/3 innings before going on the shelf.

Kansas City controls Harvey for one more year via arbitration. The Royals would tender him a contract if they expect him to be back early in 2025, but a long-term injury could obviously change the calculus. He’d be due a small raise on this year’s $2.325MM sum.

McArthur operated as Kansas City’s closer for a time. He picked up 18 saves but also blew seven leads. McArthur’s heavy reliance on ground-balls without many whiffs plays better in the middle innings than it does in the ninth. His year concludes with a 4.92 ERA through 56 2/3 frames. The Royals are using deadline acquisition Lucas Erceg as their closer while turning high-leverage innings to converted starter Kris Bubic and left-hander Sam Long.

Moncada has dealt with injuries in almost every season of his career, and outside of a phenomenal performance in 2019, he has struggled to live up to his top prospect billing. However, if he can be just a league-average hitter and a capable defender at third base, the 29-year-old will represent a huge upgrade for the White Sox lineup over the final two weeks of the season. Miguel Vargas, who has been starting for the club at third base since the trade deadline, is batting .112 with a .395 OPS so far in his brief tenure on the South Side. He has made four errors in just 27 games at third base, accruing -2 OAA and -2 DRS. The White Sox aren’t going to give up Vargas (himself a former top prospect) just yet, but there is no denying that Moncada should make for a significant improvement.

Chicago doesn’t have much to play for this year, but the club is still hoping to avoid setting a new modern-day record for most losses in a season. Meanwhile, Moncada is looking to make a strong impression before most likely entering free agency in the offseason; the White Sox are all but certain to turn down his $25MM club option for 2025 in favor of a $5MM buyout.

More from around the AL Central:

• Michael Lorenzen was dominant over his first five starts with the Royals after the trade deadline (1.85 ERA in 24 1/3 IP) before a left hamstring strain forced him to the 15-day IL. He has not pitched since August 27. Lorenzen made his second rehab appearance this past Friday, and prior to the game, Anne Rogers of MLB.com noted the right-hander was likely to rejoin the team this coming week.  However, Rogers reported today that he was “more sore than normal” following his rehab outing, so the Royals will need to wait and see how he feels in the coming days before determining his next steps. The phrasing “more sore than normal” doesn’t necessarily suggest a serious setback, but it’s far less likely Lorenzen will be pitching in Kansas City this week.
• Twins manager Rocco Baldelli revealed that outfielder/DH Trevor Larnach is playing through a hamstring injury (per Aaron Gleeman of The Athletic). That explains why he hasn’t played the field since last Tuesday. It also explains why, in Gleeman’s words, he’s running “at way less than full speed.” It’s surely concerning for the Twins that their cleanup hitter is nursing an injury, but Baldelli suggests the hamstring issue hasn’t had an impact on Larnach’s swing. That’s certainly a relief for Twins fans, considering how important Larnach has been to this offense. He rarely plays against left-handed pitching, but he has been one of Minnesota’s better bats when he has the platoon advantage. He boasts a team-leading 15 home runs and 47 RBI against right-handed pitching, with a .792 OPS and a 125 wRC+. The Twins will have to hope his hamstring injury doesn’t turn into anything more serious.

Reinforcements are needed, yet there’s no word on when either Buxton or Carlos Correa might be able to start a rehab assignment, as manager Rocco Baldelli told Helfand and other reporters today.  Correa hasn’t played since July 12 due to plantar fasciitis in his right foot, and the shortstop has been feeling good while taking part in running drills.  This is “some level of significant, but we still have a ways to go,” Baldelli said.  “We’ll see if we can build on that and keep moving in a positive direction.”

Some other items from around the American League….

• While Minnesota is struggling, the Royals rebounded from a seven-game losing streak with a three-game sweep of the Twins this weekend.  Kansas City is also getting healthier, as manager Matt Quartaro told MLB.com’s Anne Rogers and other reporters that Michael Lorenzen is slated to begin a minor league rehab assignment on Tuesday.  Lorezen was placed on the 15-day IL on August 28 due to a left hamstring strain, so the right-hander looks like he shouldn’t miss much time beyond the 15-day minimum.  Acquired from the Rangers in a deadline trade, Lorenzen had great results in his first five starts as a Royal, delivering a 1.85 ERA in 24 1/3 innings.
• The returns of Luis Gil and Clarke Schmidt gave the Yankees a rotation surplus, relegating Nestor Cortes to a relief role as a piggyback pitcher behind Schmidt on Saturday.  “I’m never going to leave my teammates out to dry.  You’re always going to get my best effort, no matter if I’m happy or not,” Cortes told ESPN and other media, yet the left-hander also made it clear that he was “upset” over the role change.  “I felt like I’ve been, amongst all the starters, the workhorse here,” Cortes said.  “Once [Gerrit] Cole went down, they picked me to be the Opening Day starter — not necessarily the No. 1, but the Opening Day starter.  I had to switch my routine there.  Now they do this.”  After an injury-plagued 2023 season, Cortes has a 3.97 ERA over 163 1/3 innings this year, with an unimpressive set of Statcast metrics except for an excellent walk rate.  Cortes will return to starting duty when the Yankees adopt a six-man staff for the next turn through the rotation, yet it remains to be seen how New York deploys Cortes, Cole, Gil, Schmidt, Carlos Rodon, and Marcus Stroman for the remainder of the regular season and into the playoffs.

Acquired in a deadline swap that sent lefty reliever Walter Pennington to the Rangers, Lorenzen has been a boon to the Kansas City rotation. In five starts, he’s pitched 24 1/3 innings of 1.85 ERA ball, striking out 17% of his opponents against a 10% walk rate. Metrics like FIP (4.20) and SIERA (5.11) aren’t nearly as bullish, given the righty’s pedestrian strikeout, walk and ground-ball rates.

Even if Lorenzen can’t be reasonably expected to continue producing a sub-2.00 ERA, the results thus far have been an unequivocal jolt for a team that had been struggling to get production from fifth starter Alec Marsh. Kansas City has won each of Lorenzen’s last three starts, and there’s little blame to be placed on him for the team’s loss in his Royals debut; he tossed 5 2/3 innings of one-run ball in a game the Royals eventually lost by a score of 6-5.

The Royals didn’t provide a timetable for Lorenzen’s return, but he’ll be down for at least two weeks. The aforementioned Marsh is the likeliest candidate to step back into the rotation in his stead. In 20 starts this season (plus one relief appearance), the 26-year-old Marsh has tossed 106 innings with a 4.67 earned run average.

Marsh’s 21.3% strikeout rate and 7.4% walk rate are both better than Lorenzen’s season-long marks between Texas and Kansas City, but he also faded significantly following a strong start to the season. Over his past eight trips to the mound, he’s been rocked for a 6.46 ERA and surrendered seven homers in 39 innings (1.62 HR/9). Marsh was sharp in four Triple-A starts this month after being optioned (1.80 ERA, 19-to-5 K/BB ratio in 15 innings), and the Royals will now need to hope for more of that type of output while Lorenzen mends.

As for the 25-year-old Cruz, this’ll be his first look with the Royals in 2024. He made his big league debut last year, pitching 12 2/3 innings with a 4.97 ERA and a 15-to-11 K/BB ratio in that short time. Kansas City acquired the hard-throwing righty in the 2022-23 offseason trade that sent Michael A. Taylor to the division-rival Twins. He’s pitched exclusively out of the Omaha bullpen this season and recorded a 3.35 ERA with a 26.6% strikeout rate and 11.1% walk rate in 48 1/3 innings. Cruz’s four-seamer has averaged 96.9 mph in Triple-A this season, and he’s primarily paired that pitch with a slider that sits at 89.4 mph.

A trade of Lorenzen isn’t a signal that the third-place Rangers are punting on their season. There’s been plenty of talk over the past couple weeks that with Max Scherzer, Dane Dunning, Tyler Mahle and eventually Jacob deGrom all getting healthy, Texas could move an arm from its current rotation. Lorenzen, playing on an affordable one-year contract and slated to become a free agent at season’s end, has stood as the most obvious of the bunch to change hands. With Lorenzen headed to Kansas City, the Rangers’ rotation will include Scherzer, Nathan Eovaldi, Jon Gray, Andrew Heaney and perhaps Dunning — although Mahle is on the cusp of wrapping up a minor league rehab assignment and could take that fifth spot.

Lorenzen, 32, has pitched 101 2/3 innings with the Rangers and turned in a very solid 3.81 earned run average, although the rest of his numbers aren’t as encouraging. Lorenzen’s 17.9% strikeout rate is well below the 22.3% league average, while his 11.5% walk rate is considerably higher than the 8.2% league average. He’s kept the ball on the ground at a nice 42.3% clip, but Lorenzen has also benefited from a .243 average on balls in play and 80.7% strand rate that are both considerably better than his career marks of .279 and 74.2%. Some regression on one or both is likely.

Even with some regression, however, Lorenzen is a solid enough back-end starter. This year’s numbers are a decent approximation of who he’s been since reaching free agency three years ago and pursuing a career as a starting pitcher after previously spending five seasons in the Reds’ bullpen. Lorenzen posted a 4.20 ERA, 18.9% strikeout rate and 8.8% walk rate in 250 2/3 innings between the Angels, Tigers and Phillies over the 2022-23 seasons. Add in this year’s work and he’s at a 4.09 ERA with strikeout and walk rates that are worse-than-average but not egregiously so.

That’s a good indication of what to expect moving forward for the Royals, and Lorenzen has shown some flashes of higher output at times. His first two starts following a trade to the Phillies last summer will always be memorable for Phils fans; he tossed eight innings of two-run ball in his team debut and followed it up with a no-hitter against the Nationals his next time out, in his home debut at Citizens Bank Park. However, Lorenzen faded down the stretch, as he was pushing to a career-high innings workload (and also tossed a career-high 124 pitches in that no-hitter). The Phils moved him to the bullpen late in the season.

Kansas City’s rotation is generally full, with Cole Ragans, Seth Lugo, Brady Singer, Michael Wacha and Alec Marsh representing a sound one through five. Marsh has been hit hard after a solid start to the season, however, yielding a 6.37 ERA over his past 10 starts. He’s had a few solid outings mixed in throughout that stretch, but since May 27 he’s given up at least three runs in eight of his 10 starts (and at least four in six of them).

Lorenzen could step into that rotation spot, perhaps pushing Marsh to the bullpen or even to Triple-A Omaha. Lorenzen has already pitched enough innings to boost his $4.5MM base salary to $5.5MM, and he’d earn bonuses of $300K, $350K, $400K and $450K for reaching 120, 140, 160 and 180 innings, respectively. The Royals could technically use Lorenzen in the bullpen — they just saw both John Schreiber and Hunter Harvey exit their most recent game due to injury — but that’d be somewhat of a surprising usage given that they traded a big league-ready reliever who’s in the midst of a terrific Triple-A season in order to acquire Lorenzen.

Pennington, 26, will join the Rangers and give them an immediate option out of the ’pen. The Rangers haven’t been able to find a consistently effective lefty relief option this season, but Pennington could fit that bill. Undrafted in the shortened 2020 draft, the 6’2″, 205-pound southpaw signed out of the Colorado School of Mines — and earlier this season became just the second player from that school to ever reach the majors (and the first since Roy Hartzell back in 1906).

The Royals called Pennington up for a brief debut, but he threw just two-thirds of an inning before being sent back down to Omaha. He’s been lights-out with the Storm Chasers this season, pitching to a pristine 2.26 ERA with a 32.9% strikeout rate, an 8.3% walk rate and a 52.6% ground-ball rate in 59 2/3 frames. Pennington sits 92-93 mph with a sinker, 89-90 mph with his cutter and 83-85 mph with a slider, rounding out a trio of primary offerings. More than half of his pitches this year have been sliders, and he’s held both lefties and righties in check along the way, yielding near-identical batting lines of .198/.250/.286 (to righties) and .156/.262/.278 (to lefties).

Pennington is in the first of three minor league option years. He can’t reach a full year of big league service in 2024, meaning the Rangers will control him through the 2030 season at the very least (although future optional assignments could push that free agent trajectory back even further). He makes for a potential long-term option in the Texas bullpen — a nice pull for a rental starter whose spot in the rotation was in jeopardy given the sheer volume of veteran arms the Rangers have coming back from injury.

As noted by Joel Sherman of the New York Post in a report this evening, the Rangers are making right-hander Michael Lorenzen available on the trade market. The news comes after The Athletic’s Ken Rosenthal suggested that Lorenzen (as well as right-hander Jon Gray) could be made available prior to the deadline earlier this week. The 32-year-old Lorenzen has pitched solidly as a back-of-the-rotation option for Texas this year with a 3.87 ERA in 18 starts, though the veteran’s 5.26 FIP and 11.9% walk rate could be worrisome to prospective buyers.

In a sellers’ market starved for pitching options, it’s easy to imagine how a pitcher like Lorenzen who has plenty of experience both as a starter and as a reliever could be an attractive trade target even in spite of worrisome peripheral numbers. Meanwhile, dealing Lorenzen would allow the Rangers to recoup some long-term value for a pending free agent who could be forced out of his current role on the team by the impending returns of Tyler Mahle, Jacob deGrom, and Cody Bradford from injury.

That doesn’t mean that Lorenzen is a lock to be moved, however, as Jeff Wilson of Rangers Today writes that the Rangers could opt to take the right-hander off the market in the aftermath of Gray exiting his start today without throwing a pitch due to a groin injury. As noted by Shawn McFarland of the Dallas Morning News, Gray is set to undergo imaging to determine the severity of the issue. With none of Mahle, Bradford, nor deGrom likely to be ready to step into the club’s rotation just yet, a significant absence for Gray could complicate the club’s plans to deal Lorenzen by leaving them with only Nathan Eovaldi, Max Scherzer, and Andrew Heaney as active members of the starting rotation.

Wilson goes on to suggest, however, the Lorenzen isn’t the only name the club could consider shopping in the coming days. Wilson reports that first baseman Nathaniel Lowe’s “name has surfaced” as a potential trade chip for the Rangers this summer amid an excellent July that has boosted his overall season slash line to .266/.361/.390 (114 wRC+). While Lowe could certainly be a potentially valuable addition for certain teams, two of the most obvious suitors for a first baseman this deadline are the Rangers’ own division rivals in Houston and Seattle. Even in an age where intradivisional trading has become more common, its hard to imagine the Rangers helping either the Astros or Mariners improve in the short terms as they look to chase them down for the AL West title this year. Still, it’s possible the Rangers are able to find a suitor for Lowe’s services elsewhere, such as in Pittsburgh where the Pirates could look to upgrade over Rowdy Tellez at first base.

The loss of Lowe from the lineup would further weaken a beleaguered Rangers offense, but Wilson goes on to suggest that dealing Lowe could open up a spot in the club’s lineup for Rays first baseman Yandy Diaz. Diaz is currently on the restricted list due to an undisclosed personal matter, but the Rangers were connected to him earlier this week. Diaz has slashed just .272/.327/.400 (111 wRC+) this year following a slow start to the season but is just one year removed from a sixth-place finish in AL MVP voting with the Rays last season.

The 32-year-old is controllable through the 2026 season just like Lowe is, and it’s theoretically possible that the Rangers could look to upgrade first base while retaining the same amount of team control should they manage to land Diaz while shipping Lowe elsewhere. Alternatively, it’s certainly feasible that the club could retain both players and utilize one as their primary DH for the remainder of the 2024 campaign before looking to trade one this winter should the club decide to commit fully to buying this summer. Such a move would provide an undeniable boost to the Texas offense, which has gotten an MLB-worst 57 wRC+ from the DH spot in the lineup this year.

What once was a starting pitching hodgepodge looks increasingly enviable. If Mahle is cleared to return after today’s start, he’ll join Scherzer, Nathan Eovaldi, Jon Gray, Michael Lorenzen, Andrew Heaney and Dunning as viable rotation options, with Bradford in the bullpen and deGrom looming on the horizon. That’s nine MLB-caliber starters, to say nothing of veteran starter Jose Ureña (who started six games but is in the bullpen presently).

With so many options suddenly at their fingertips, there’s been plenty of speculation about the Rangers trading from that stockpile of arms — even as they narrow the deficit in the postseason hunt. Texas has won four straight games. The Mariners have lost three straight. The Rangers now sit only three games back of the first-place Astros in the West and are just 5.5 games out in the Wild Card hunt. They’re not going to operate as a pure seller, but Ken Rosenthal of The Athletic suggests that Lorenzen or perhaps even Gray could be moved before Tuesday’s trade deadline.

Lorenzen, 32, signed with the Rangers on a one-year, $4.5MM deal in spring training. It was a bargain price for a veteran righty coming off a solid season, and he’s proven to be well worth the investment. He’s pitched 97 innings over the course of 17 starts and turned in a 3.53 ERA. Lorenzen’s 18.5% strikeout rate and 11.6% walk rate both leave plenty to be desired and point to some likely ERA regression, but he’s been precisely the type of veteran rotation stabilizer the Rangers hoped to be acquiring when signing him.

As of deadline day, Lorenzen will have just $1.5MM of that base salary yet to be paid out. He’s already picked up $800K of innings-based incentives and will get another $200K when he reaches 100 innings, likely in his next start. Assuming that comes with the Rangers — he’s their probable starter Saturday — a new team would be on the hook for the remaining portion of his base and additional incentives he’d unlock by reaching 120 innings ($300K), 140 innings ($350K), 160 innings ($400K) and 180 innings ($450K). He’s on pace to barely reach that final milestone.

At most, a team adding Lorenzen would pay around $1.5MM in base salary and an additional $1.5MM worth of incentives. If Lorenzen is pitching well enough to reach that 180-inning mark, it’d be considered money well spent. If nothing else, a budget-conscious team looking to add a stable starter (e.g. Twins, Guardians) could view Lorenzen as an affordable option.

Gray would be a more surprising trade candidate. He’s in the third season of a four-year, $56MM contract that’s paying $13MM both this year and next. Thus far, he’s posted 94 innings of 3.73 ERA ball on the season. While Gray’s 19.7% strikeout rate is the lowest of his career (aside from the shortened 2020 season), his 5.8% walk rate is a career-best mark. He’s still averaging 95 mph with his heater, while his opponents’ chase rate and swinging-strike rate are roughly in line with his 2022-23 marks.

Rosenthal also cites a pair of names the Rangers would prefer to hang onto even as they ponder trading from their rotation depth: Eovaldi and Heaney. The former is well on his way to vesting a $20MM player option for the 2025 season. That option would decrease his trade value — a new team would be stuck with the $20MM in the event of a major, post-trade injury. Beyond that, Eovaldi has been one of the team’s best arms this season, notching a 3.31 ERA, 24.6% strikeout rate and 6.1% walk rate in 106 innings. He’d likely be ticketed for their playoff rotation, should they get there. And, even if they don’t, the Rangers might simply hope Eovaldi stays healthy and enjoys pitching in his home state enough that he’d pick up that player option for the 2025 season.

As for Heaney, he’s turned things around after a shaky first season in Texas. The veteran southpaw boasts a 3.60 ERA, 23.5% strikeout rate and 6.8% walk rate in exactly 100 innings. He’s a free agent at season’s end, so one would imagine he’s an on-paper trade candidate in this scenario where Texas deals from its excess. However, the Rangers don’t have an established left-hander in their bullpen. Brock Burke was excellent in 2022 but took a step back in ’23 and was optioned earlier this season after being shelled through 9 2/3 innings. Rookie Jacob Latz has a solid 3.68 ERA in 36 2/3 innings, but he’s walked 13.5% of his opponents. Bradford could possibly fill that role, but he’s yet to return from a stress reaction in his ribcage.

Heaney has experience pitching both as a starter and reliever, including during his time with Texas. He’s throwing well right now but would likely be pushed out of a theoretical postseason rotation. In that setting, he could slide into the bullpen and match up against tough lefties and/or provide multiple innings in long relief.

It’ll be Winn’s major league debut the first time he gets into a game. The 24-year-old righty was selected fifteenth overall by the Rangers in the first round of the 2018 draft and made some noise as a top-100 prospect following a dominant 2021 season that saw him pitch to a 2.41 ERA with a 32.2% strikeout rate in 21 starts split between the Double- and Triple-A levels of the minors. Unfortunately, Winn has struggled badly in the years since then. 2022 saw the right-hander post a whopping 6.51 ERA in 28 starts with the Rangers’ Triple-A affiliate spiked to an unwieldy 15.2%, prompting the club to move Winn to the bullpen during the 2023 season.

The move to multi-inning relief work did not bring an end to Winn’s struggles, as he posted a staggering 7.22 ERA in 101 innings of work last year. His peripheral numbers also got even worse, as his walk rate crept up to 16% while his strikeout rate plummeted to just 19.7%. Things haven’t looked much better for Winn so far this year, as he posted a 9.82 ERA in 7 2/3 innings during camp this spring and has allowed five runs (four earned) across his first four appearances at Triple-A this season. Despite the shaky results, Winn will nonetheless get the opportunity to pitch at the big league level, helping to provide depth to a bullpen that’s been leaned on for 40% of the club’s innings in recent days.

Making room for Winn on the active roster is Bradford, who heads to the injured list with a back strain following an excellent start to the 2024 season. The 26-year-old southpaw has pitched to a 1.40 ERA and a 2.47 FIP with 17 strikeouts in 19 1/3 innings of work across three starts so far this year, forming a formidable duo with veteran righty Nathan Eovaldi at the front of the club’s rotation to this point in the season. The Rangers will surely miss Bradford’s production while he’s on the IL, but Evan Grant of the Dallas Morning News indicates that his absence could be a relatively short one, with Bradford potentially only needing the minimum amount of time off. If that ends up being the case, Bradford would first be eligible to return on April 25, as today’s IL move was backdated to April 11.

In the meantime, however, Texas will need to look elsewhere to fill Bradford’s spot in the club’s starting rotation. Per MLB.com’s Kennedi Landry, that help will come in the form of right-hander Michael Lorenzen, who signed a one-year deal with the club last month and has been building up in the minors since then. Landry reports that Lorenzen is set to make his Rangers debut in a start tomorrow against the Tigers, for whom he pitched the first half of the 2023 season. Lorenzen’s time with Detroit wound up being something of a breakout for the right-hander, as he pitched to a 3.58 ERA (125 ERA+) with a 3.86 FIP in 18 starts with the club before being shipped to the Phillies ahead of last summer’s trade deadline.

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

• Shohei Ohtani of the Dodgers makes remarks about his former interpreter and the gambling investigation (1:20)
• The inner strife of the MLBPA seems to be fizzling out (14:35)
• We are discussing J.D. Martinez signing with the Mets when we are interrupted by… (18:30)
• Live breaking news of Jordan Montgomery agreeing to a deal with the Diamondbacks (20:25)
• Then we go back to Martinez and the Mets (25:00)
• Some more Montgomery and Diamondbacks talk (29:10)
• Rangers sign Michael Lorenzen instead of Montgomery (34:15)
• Wyatt Landford makes Opening Day roster with the Rangers but Jackson Holliday doesn’t make the Orioles (39:00)
• Rockies sign Ezequiel Tovar to an extension (45:10)

Plus, we answer your questions, including…

• Luis García Jr, Lance McCullers Jr, and Kendall Graveman of the Astros are likely out, at the very least, until mid-June.  How come none of these guys are on the 60-day injured list?  Do you seen the Astros moving them there and if so, when? (49:15)
• Do you think it’s possible that the league begins to follow the Angels and Rangers footsteps and call up recent draft picks as soon as they show any signs of potential? Also, do you think it is at all possible that teams start to call up teenagers? (52:25)

Check out our past episodes!

• Mutiny In The MLBPA, Blake Snell Signs With The Giants And The Dylan Cease Trade – listen here
• Injured Pitchers, Brayan Bello’s Extension, Mookie Betts At Shortstop And J.D. Davis – listen here
• The Giants Sign Matt Chapman, Zack Wheeler’s Extension, And Blake Snell And Jordan Montgomery Remain – listen here

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

March 20: The Rangers are in agreement with free agent starter Michael Lorenzen on a one-year, $4.5MM contract, reports Ken Rosenthal of the Athletic (X link). The deal, which is pending a physical, contains another $2.5MM in performance bonuses. Lorenzen is a client of CAA Sports.

Aside from Jordan Montgomery, Lorenzen was arguably the best starter still available. The right-hander had reportedly waited out the market in search of a multi-year pact. That evidently didn’t materialize, as he instead inks a one-year deal for the third straight offseason. After securing respective $6.75MM and $8.5MM contracts in the last two winters, he winds up taking a reduced rate for the 2024 season.

That’s certainly not what he’d been hoping for on the heels of the first All-Star nod of his career. Lorenzen appeared on his way to a two- or potentially three-year pact midway through the year. He turned in strong numbers over 18 starts with the Tigers, working to a 3.58 ERA across 105 2/3 innings. A sub-20% strikeout rate raised a question as to whether he could sustain that kind of run prevention, but he nevertheless was one of the better rental starters available at the deadline.

Detroit flipped Lorenzen to the Phillies for second base prospect Hao-Yu Lee. His initial two starts with the Phils couldn’t have gone better. He tossed eight innings of two-run ball in Miami during his team debut. In his first home appearance at Citizens Bank Park, he no-hit the Nationals. That he tossed 124 pitches in that game wasn’t ideal, but skipper Rob Thomson gave him the leeway to complete that historic outing.

Things quickly went downhill after that appearance. Nine days later, Lorenzen faced the same Washington lineup at Nationals Park. He was tagged for seven runs in 3 1/3 innings. That kicked off a stretch of six consecutive appearances in which he allowed at least four runs. That included a relief outing on September 19 in which Lorenzen retired one of seven batters faced against the Braves.

To his credit, Lorenzen finished the regular season with a trio of scoreless relief outings. He’d already fallen down the leverage hierarchy by that point though. The Phils used him just twice in their run to the NLCS. He worked 2 2/3 scoreless frames in mop-up situations during the postseason.

That Lorenzen moved to the bullpen wasn’t a surprise in itself. The Phils acknowledged at the time of his acquisition that they could eventually squeeze him out and go with a five-man staff of Zack Wheeler, Aaron Nola, Ranger Suárez, Taijuan Walker and Cristopher Sánchez. Yet there’s no denying the last six weeks didn’t go anywhere close to plan. He allowed 30 runs (27 earned) with an 18:15 strikeout-to-walk ratio over his last 30 1/3 innings.

Whether that finish was more a reflection of Lorenzen wearing down after the no-hitter or about his middling peripherals catching up to him, it was a sour conclusion to what was a solid season. His first 20 starts were strong enough that his overall line was right around league average. Lorenzen finished the year with a 4.18 ERA through a personal-high 153 innings. He’d posted a similar 4.24 mark over 97 2/3 frames with the Angels in 2022, his first season as a starter since his 2015 rookie campaign.

While last year’s 17.8% strikeout percentage and 9.4% swinging strike rate were each below average, he trimmed his walks to a modest 7.5% clip. He mixed five pitches, headlined by a four-seam fastball that sat a little above 94 MPH on average. Lorenzen’s aggregate production looked like that of a strike-throwing #4/5 starter. While that’s perhaps not the most exciting profile, it explains why his camp thought a multi-year deal should’ve been on the table. Within the past two offseasons, players like Drew Smyly ($19MM), Jordan Lyles ($17MM), and KBO returnee Erick Fedde ($15MM) secured two-year pacts.

It’s impossible to know whether that would’ve been attainable earlier in the offseason, but the market hasn’t been favorable for the players who remain unsigned deep into Spring Training. Lorenzen’s one-year deal trails those inked by Alex Wood ($8.5MM), Martín Pérez ($8MM), Jakob Junis ($7MM) and James Paxton ($7MM) earlier in the winter.

On the plus side, the 32-year-old gets an opportunity with a contender. He joins the defending World Series winners to help a rotation that’ll be without each of Max Scherzer, Tyler Mahle and Jacob deGrom for a couple months. Texas still has a solid front four of Nathan Eovaldi, Jon Gray, Dane Dunning and Andrew Heaney. Left-hander Cody Bradford struggled in a swing role last season but has pitched well this spring. GM Chris Young said last weekend that Bradford earned the fifth starter role, but it’s possible he’ll be nudged back into relief at some point.

Lorenzen might not be ready to step right into the Texas rotation. His extended free agent stay kept him from pitching competitively this spring. He has been throwing on his own, reportedly tossing 70 pitches earlier in the week, yet that’s not a perfect substitute for game action. Bradford may still take a turn or two through the rotation before moving to a swing role as the top depth option in case anyone ahead of him suffers an injury.

The signing pushes the team’s player payroll to the $224MM range, as calculated by RosterResource. They’re around $248MM in luxury tax commitments. Texas is set to pay the competitive balance tax for a second consecutive season. That means they’re taxed at a 30% rate on spending between $237MM and $257MM. Adding Lorenzen comes with another $1.35MM in CBT commitments, pushing the overall guarantee to roughly $5.85MM.

Image courtesy of USA Today Sports.

It’s understandable that the Yanks are still on the hunt for arms. They were often connected to Snell even before the recent news that ace Gerrit Cole is going to miss significant time due nerve inflammation and edema in his elbow.

Though the desire to add Snell seemed to be real, it appeared that the competitive balance tax was too much of an obstacle. The Yankees are set to be third-time payors of the tax and are already over the fourth and final threshold, meaning they face a 110% tax on any further spending. Snell didn’t find the long-term deal he was looking for, reportedly turning down a six-year, $150MM offer from the Yanks, and pivoted to a short-term pact with a high average annual value. Had the Yankees matched the $31MM AAV Snell got from the Giants, they would have had to pay $34.1MM in taxes as well.

That concern seemingly had them leaning towards a trade for Dylan Cease, since he’s still in his arbitration years and making just $8MM this year. But the Yanks missed out there as well, with Cease eventually getting shipped from the White Sox to the Padres. Heyman adds that they haven’t made much traction with other trade targets, such as Jesus Lúzardo of the Marlins.

But the need for reinforcements is apparent when looking at the rotation without Cole. Nestor Cortes went on the injured list due to a rotator cuff strain on two occasions last year and finished the season with a 4.97 ERA in 63 1/3 innings. Carlos Rodón dealt with a forearm strain and hamstring strain and posted a 6.85 ERA in his 64 1/3 innings. Marcus Stroman had a great first half but issues with his hip and rib cartilage pushed his ERA up to 3.95 by the end of the year.

Those three have each had much better results in the past but they are sort of wild cards now after their frustrating campaigns. Backing them up will be Clarke Schmidt, who had a 4.64 ERA last year. There would still be one spot open, with pitchers like Luke Weaver, Luis Gil, Clayton Beeter and Will Warren potential options. Weaver has finished three of the last four seasons with an ERA of 6.40 or higher. Gil underwent Tommy John surgery in May of 2022 and missed most of the last two years. Neither Beeter nor Warren have made their major league debuts yet.

The Yankees will understandably be open to upgrading that group, especially for a season in which they are clearly committed to winning. They sent five players to the Padres to get one season of Juan Soto, and two of Trent Grisham, and will pay Soto $31MM plus taxes in the process.

Opening Day is next Thursday but the club still has options, with various pitchers still unsigned thanks to this slow offseason. The club has been connected to pitchers like Michael Lorenzen and Jordan Montgomery, both of whom remain unsigned. Free agency also features guys like Mike Clevinger, Johnny Cueto and Noah Syndergaard. Earlier this month, reporting suggested Montgomery was still holding out for a seven-year deal but the other guys won’t require significant expenditures to sign.

With the start of the season so near, there would naturally be concern about a pitcher getting stretched out after missing so much of Spring Training. It seems Lorenzen has been getting himself ready on his own, per Ken Rosenthal of The Athletic, who relays footage from Lorenzen’s agent of the righty throwing. Rosenthal reports that the righty recently threw 70 innings, getting up and down four times. He would likely still require some official game action but it doesn’t seem as though he would require a traditional six-week ramping up period.

Lorenzen has reportedly been seeking a two-year deal while also receiving interest from clubs like the White Sox and Mets.

Jon Heyman of the New York Post reports that Lorenzen has declined contract offers in the $5-7MM range. It’s not clear which teams made those proposals or how recently Lorenzen’s camp passed. The Athletic’s Ken Rosenthal reported last week that the 6’3″ hurler had been holding out for a two-year pact.

It’s therefore not surprising that Lorenzen turned down what were presumably one-year offers at fairly modest salaries. He’s coming off his first All-Star nod and tallied a career-high 153 innings between the Tigers and Phillies last season. He looked on his way to a strong multi-year pact by the middle of August. After no-hitting the Nationals on August 9, he carried a 3.23 ERA in 20 starts. Lorenzen was never likely to maintain that kind of run prevention unless he improved upon a modest 19.4% strikeout rate, but few would have anticipated how badly his final six weeks would go.

Lorenzen allowed 30 runs (27 earned) in his final 30 1/3 frames. His already modest strikeout percentage dropped another seven points, while his previously strong walk rate jumped to 10.3%. The Phillies moved him to relief at the end of the regular season and didn’t lean heavily on him during the playoffs. That poor finish has seemingly led to a disconnect between how teams project Lorenzen and the kind of contract he expected to command heading into the winter.

Despite the rough conclusion, Lorenzen’s season ERA sat at a respectable 4.18 in 29 outings. His camp presumably viewed recent two-year guarantees inked by the likes of Ross Stripling ($25MM), Drew Smyly ($19MM), Jordan Lyles ($17MM) and KBO returnee Erick Fedde ($15MM) as comparison points. Innings eaters Kyle Gibson ($13MM) and Lance Lynn ($11MM) signed one-year pacts early this offseason that pushed past eight figures.

The offers which Lorenzen declined value him below those other pitchers. As shown on MLBTR’s Contract Tracker, five starting pitchers have signed one-year guarantees between $3MM and $9MM this offseason. Each of Wade Miley, Alex Wood, Martín Pérez, James Paxton and Jakob Junis landed in the $7MM – $8.5MM range.

Lorenzen himself has fallen in that category in each of his previous two free agent trips. He signed for $6.75MM with the Angels over the 2021-22 offseason. Last year, he inked an $8.5MM deal with the Tigers. Lorenzen has sought to move past that tier on the heels of a stronger platform season than the ones that preceded his last two free agent stints. It’s not known if that might’ve been achievable earlier in the offseason, but it seems he’s facing a tight market as many teams are at or near the payroll with which they’re willing to open the season.

The Yankees were already in the market for starting pitching, having been connected to Blake Snell and Jordan Montgomery throughout the winter. Their need for rotation help only grew this week when ace Gerrit Cole was sidelined by an elbow issue. Cole and the Yankees are still gathering information but it seems like he will miss a month or two of the season even in a best-case scenario.

Whether Cole is ultimately destined for a brief or a lengthy absence, it’s a huge blow to the club’s rotation. Up until this issue popped up, he was the rocksteady leader of an otherwise shaky group. Carlos Rodón, Nestor Cortes and Marcus Stroman all battled injuries last year to varying extents.

Stroman was having a great year prior to his injury woes, as he had a 2.96 ERA at the All-Star break, but hip and rib cartilage injuries led to diminished results and missed time, as he finished the year with a 3.95 ERA in 136 2/3 innings. Rodón and Cortes ended up having fairly similar years in terms of limited innings and poor results. Rodón battled a forearm strain and hamstring strain as he posted a 6.85 ERA in 64 1/3 frames. Cortes twice went on the IL due to a rotator cuff strain in his left shoulder and finished the campaign with a 4.97 ERA in 63 1/3 innings.

There’s tons of bounceback potential in that trio, as Stroman has a 3.65 ERA in his career while having reached 179 innings four times in his career. Rodón was an ace over 2021 and 2022, posting a 2.67 ERA in 310 2/3 innings in that time. Cortes had a 2.61 ERA in that same two-year stretch, though in a lesser workload of 251 2/3 innings.

If all three are able to get back to their previous forms, the rotation could be in good shape without Cole, but that’s a lot for the Yanks to gamble on. They are heavily committed to competing in 2024, as they gave up five players to get one year of Juan Soto. They also got Trent Grisham from the Padres in that deal, but Soto’s 2024 season was obviously the highlight for them. In addition to the talent they gave up, they are paying Soto a $31MM salary, plus the taxes incurred as a third-time payor of the competitive balance tax.

Even in an ideal situation where Stroman, Rodón and Cortes are all in good form, there’s still the back end of the rotation to think about. Clarke Schmidt will likely be taking one spot after he put up a 4.64 ERA last year. That’s probably fine for a #5 guy but the fact that the Yankees have been consistently connected to free agents suggests they would prefer to knock Schmidt down to #6, but he’s instead been bumped up to #4 for as long as Cole is out.

Current options to take a spot behind Schmidt would include Luke Weaver, Clayton Beeter, Luis Gil, Yoendrys Gómez or Will Warren. Weaver has posted an ERA of 6.40 or higher in three of the past four seasons. Gil missed most of the past two seasons due to Tommy John surgery. Gómez has literally two innings of MLB experience while Beeter and Warren have none.

It’s a less than ideal group and it’s understandable that the club is interested in bolstering it. They’ve long been connected to marquee free agents like Snell and Montgomery but signing either of those guys would be especially costly. The Yanks are above the fourth and final tier of the CBT and are set to be a third-time payor, meaning any additional spending comes with a 110% tax bill. Even if Snell or Montgomery could be talked down to a $20MM annual salary at this late stage of the offseason, the Yanks would be looking at paying $22MM in taxes on top of that this year.

That situation would be lessened with Lorenzen, as he has a far more limited track record as a starter than those two. The Reds kept him in relief for most of his career but he sought out a return to starting when he reached free agency ahead of the 2022 season. He signed a one-year, $6.75MM deal with the Angels and was able to toss 97 2/3 innings, missing a couple of months with a shoulder strain and finishing the year with a 4.24 ERA.

It wasn’t an elite performance but he held his own and pushed up his annual workload. He then signed an $8.5MM deal with the Tigers for 2023 and took another step forward. He logged 105 2/3 innings with Detroit over 18 starts, with a 3.58 ERA in that time. He was traded to the Phillies and his first two starts for his new club were excellent. He allowed two earned runs over eight innings against the Marlins and then followed that up with a no-hitter against the Nationals.

He tossed 124 pitches in that no-hitter and seemed to break down after that. He was sporting a 3.23 ERA at that time but then allowed 27 earned runs in 30 1/3 innings the rest of the way, getting bumped to the bullpen in the process.

His 4.18 ERA on the year might not look amazing but it’s possible he ran out of gas after pushing himself further than he had gone before. Even if his true talent is a mid-4.00 ERA guy, that can be useful for the Yankees this year. Cole may be back in a few months but other injuries are inevitable and Lorenzen would improve the depth by pushing everyone down a peg.

It was reported last week that Lorenzen was holding out for a two-year deal that hasn’t yet materialized. Whether he can get that pact or ultimately has to settle for a one-year deal, he’ll be looking at a lesser salary than Snell or Lorenzen and the Yankees would have less to worry about in terms of taxes. A hypothetical $10MM salary, just as an example, would lead to $11MM in taxes. That’s still $21MM for a backend starter but it’s perhaps preferable to committing far more money and many more years for someone like Snell or Montgomery.

The Yankees were reportedly leaning towards acquiring Dylan Cease in the wake of Cole’s injury, as Cease’s $8MM salary would be far more palatable to them than the Snell/Montgomery duo, but Cease was traded to the Padres yesterday. There are some theoretical trade candidates still out there, such as Shane Bieber of the Guardians and Jesús Luzardo of the Marlins. However, both the Guards and the Fish are dealing with significant rotation injuries and may be less inclined to further subtract from their pitching staffs at the moment.

Lorenzen has received interest from the Mets, Angels, Twins, Padres and Orioles at various points this offseason, but he remains unattached now in mid-March. The Sox trading Cease seems to have given them some interest in signing Lorenzen to replace his innings, in addition to the Yankees sniffing around due to Cole’s situation. The regular season starts next week with the Seoul Series featuring the Dodgers and Padres but the rest of the league starts the season on March 28, two weeks from today.