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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.

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.

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.

White Sox Likely To Prioritize Trades Over Free Agency As They Navigate Payroll Constraints

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The White Sox go into the offseason looking to bounce back from an average season. That registered as a major disappointment for a team that entered 2022 as favorites in the AL Central, leaving the front office to regroup in a renewed effort at competing for the division.

It doesn’t seem Chicago will have much leeway to make many free agent acquisitions. General manager Rick Hahn told reporters yesterday that trades are the likelier avenue to improving the roster (link via Daryl Van Schouwen of the Chicago Sun-Times). Hahn indicated the team would open 2023 with a player payroll similar to this year’s mark. Chicago opened the 2022 campaign with a payroll around $193MM, per Cot’s Baseball Contracts, but James Fegan of the Athletic reports the club is eyeing a figure more in the $180MM range to start next season.

There’s no indication $180MM represents a strict cap for the Sox front office, but anything in that range would limit Hahn and his staff in taking on many salaries of note. Chicago has around $139MM in guaranteed commitments on next year’s books, including option buyouts for AJ Pollock, Josh Harrison and Dallas Keuchel, according to Roster Resource. Arbitration-eligible players are projected by MLBTR contributor Matt Swartz for roughly $26MM in additional salaries, and pre-arbitration players rounding out the roster would cost around $10MM. Non-tendering Adam Engel would knock a couple million dollars off that figure, but the Sox still have roughly $173MM allocated to the roster before looking outside the organization.

Much of that money is committed to key players coming off down years. Yasmani Grandal, Yoán Moncada and Lance Lynn each have salaries in the $18MM range. Grandal and Moncada had rough 2022 campaigns and would be impossible to move without eating a notable chunk of salary. The Sox could probably find a taker for Lynn, but dealing him would only weaken a starting rotation that’s already one of the team’s biggest question marks.

Dylan Cease is locked in at the top of the staff, with Lynn and Lucas Giolito following him. Giolito is projected for a $10.8MM salary in his final year of arbitration. He’s coming off one of the worst seasons of his career, but there’s no chance the Sox would non-tender him and a trade seems like an unlikely sell-low. Hahn expressed confidence in the righty’s ability to bounce back, pointing to his work ethic and relationship with pitching coach Ethan Katz (via Van Schouwen). Michael Kopech figures to have the fourth rotation spot locked down, but Chicago will have to replace free agent Johnny Cueto. Hahn suggested Davis Martin could compete for the fifth spot but admitted that filling it externally would be ideal. The GM suggested Reynaldo López and Jimmy Lambert — each of whom has started in the past — were locked into the bullpen at this point.

The relief corps should be the backbone of the club, with Liam Hendriks, Kendall Graveman, Joe Kelly and López taking high-leverage innings. Chicago has invested heavily in that area in recent offseasons, but another splash there looks unlikely given the payroll limitations and needs elsewhere on the roster.

On the position player side, second base and right field have been persistent questions. Chicago bought out Harrison, leaving them with some combination of Leury García, Lenyn Sosa and Danny Mendick as the favorites for second base playing time. Jean Segura is the top option in a weak free agent class there, while players like Cavan Biggio and Kevin Newman could be attainable via trade.

Right field was unexpectedly vacated by Pollock declining his player option yesterday. Andrew Vaughn has played there but is headed to his natural first base position with José Abreu highly likely to depart in free agency. Engel, Gavin Sheets and Mark Payton are part of a lackluster collection of internal options. Hahn name-checked Oscar Colás, coming off a .306/.364/.563 showing in Double-A, as a candidate for the right field job, but the 24-year-old has just seven games of MLB experience.

Trade possibilities in right field include Teoscar Hernández, Anthony Santander, Max Kepler and Jake McCarthy. Given Hahn’s comments, dipping into that market seems likelier than a run at Andrew Benintendi, Mitch Haniger or Joc Pederson, although platoon options like Wil Myers, Robbie Grossman and Tyler Naquin would be attainable in free agency for a few million dollars.

White Sox Option Reynaldo Lopez

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The White Sox optioned right-hander Reynaldo Lopez to their alternate site Monday, per a team announcement. The move means Lopez won’t open the season on the big league roster.

Lopez, who came to Chicago in a blockbuster trade with Washington heading into 2017, has had an up-and-down run with the White Sox. Now 27 years old, Lopez has pitched to a 4.76 ERA/4.98 SIERA across 446 2/3 innings as a member of the club. The previous two seasons were especially rough for Lopez, who combined for a 5.52 ERA/4.96 SIERA over 210 1/3 frames. He also walked a career-worst 12.4 percent of batters last year.

Lopez entered spring training with the hope of claiming a season-opening roster spot, but he allowed 11 earned runs in as many innings, gave up 16 hits, and totaled just six strikeouts against four walks in exhibition play before the White Sox demoted him. As of now, the White Sox appear as if they’ll enter 2021 with a rotation consisting of Lucas Giolito (whom they acquired in the same trade as Lopez), Dallas Keuchel, Lance Lynn, Dylan Cease and Carlos Rodon.

Players Avoiding Arbitration: 1/15/21

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The deadline to exchange arbitration figures is today at 1pm ET. As of this morning, there were 125 arbitration-eligible players who’d yet to agree to terms on their contract for the upcoming 2021 season. Arbitration is muddier than ever before thanks to the shortened 2020 schedule, which most believe will lead to record number of arb hearings this winter. Be that as it may, it’s still reasonable to expect dozens of contractual agreements to filter in over the next couple of hours.

We’ll highlight some of the more high-profile cases in separate posts with more in-depth breakdowns, but the majority of today’s dealings will be smaller-scale increases that don’t radically alter a team’s payroll or a player’s trade candidacy. As such, we’ll just run through most of today’s agreements in this post.

I’ve embedded MLBTR’s 2021 Arbitration Tracker in the post (those in the mobile app or viewing on mobile web will want to turn their phones sideways). Our tracker can be sorted by team, by service time and/or by Super Two status, allowing users to check the status on whichever groups of players they like. You can also check out Matt Swartz’s projected arbitration salaries for this year’s class, and we’ll do a quick sentence on each player’s agreement at the bottom of this post as well, with the most recent agreements sitting atop the list.

Today’s Agreements (chronologically, newest to oldest)

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White Sox Place Dallas Keuchel On Injured List

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The White Sox have placed lefty Dallas Keuchel on the 10-day injured list and recalled righty Reynaldo Lopez from their alternate training site in his place, per a team announcement. Keuchel is dealing with back spasms. His placement on the IL is retroactive to Sept. 7, so he could return in as little as a week. That appears to be the hope, as it was already known that Keuchel’s next start would be skipped because of this issue. Given that expectation, it’s not entirely surprising to see an IL stint to bring in a fresh arm.

Chicago’s three-year, $55.5MM investment in Keuchel has paid off in spades thus far. Prior to going on the injured list, the 32-year-old was in the midst of perhaps his best run since capturing the 2015 American League Cy Young Award. Through 53 1/3 frames this year, Keuchel has worked to a 2.19 ERA and 3.14 FIP with 5.4 K/9, 2.0 BB/9, 0.34 HR/9 and a 56 percent ground-ball rate. He’s never managed to limit home runs at this rate, so there may be some regression coming on that front, but Keuchel still looks better than he’s been since that Cy Young win.

Lopez was only just optioned to the White Sox’ Schaumburg site last week. The former top prospect simply hasn’t performed well enough to be one of the team’s top rotation options over the past two seasons. Dating back to Opening Day 2019, Lopez carries a dismal 5.53 ERA and 5.18 FIP in 193 2/3 innings. He started four games for the Sox in 2020 before being optioned out, but he lasted only 9 2/3 innings overall. In that short time, he yielded 11 runs (nine earned) on 14 hits, eight walks and a hit batter with 10 strikeouts.

Lucas Giolito, Dylan Cease and Dane Dunning currently lead an impressive core of young ChiSox starters, and veteran Gio Gonzalez was just activated from the injured list earlier this week. Assuming Keuchel’s injury doesn’t worsen, he could return for the finale of a pivotal series against the division-rival Twins next Thursday. The Sox also play four games in Cleveland from Sept. 21-24, and if Keuchel is able to make it back for the finale against the Twins, he’d line up to start the second game of an equally important series against the Indians.

White Sox Option Reynaldo Lopez

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The White Sox have optioned struggling right-hander Reynaldo Lopez to their alternate training site and recalled left-hander Bernardo Flores Jr., per a team announcement.

It’s a disappointing development for the 26-year-old Lopez but one the Sox clearly no longer felt they could avoid. Lopez was once regarded as one of baseball’s best overall prospects and was a key piece in the trade that sent Adam Eaton from Chicago to Washington, D.C. He’s been in the big leagues since his original promotion with the Sox back in Aug. 2017.

Lopez posted a solid 3.91 ERA through 188 2/3 frames with the Sox in 2018 — his first full Major League season. However, he did so with ugly peripheral metrics that painted him as a candidate for major regression, and that’s precisely what panned out. Dating back to Opening Day 2019, Lopez has a 5.53 ERA and 5.18 FIP in 193 2/3 innings for the South Siders. In 2020, he’s started four games but lasted only 9 2/3 innings overall. Along the way, he’s yielded 11 runs (nine earned) on 14 hits, eight walks and a hit batter with 10 strikeouts.

Were the Sox still in rebuild mode, perhaps they’d chalk this up to continued growing pains and keep trotting Lopez out against big league lineups. But the team’s drawn-out rebuilding process has reached its conclusion, and the White Sox are now squarely in win-now mode, making it harder to accept substandard outings like the one put together by Lopez yesterday. In a key match against the division-rival Twins, Lopez was unable to escape the second inning, allowing three runs on four hits and a pair of walks. He used 53 pitches to record his five outs.

Even when Lopez was considered a premier prospect, there were some scouts who felt his ultimate home would be in the bullpen. He’s worked closer to a true three-pitch mix in 2020 and, in his two most recent outings, thrown primarily fastballs and sliders. Given his ongoing struggles in the rotation, perhaps there will be some intrigue within the organization to see how Lopez would handle short-relief stints that allow him to ramp up his fastball velocity and focus on a two-pitch mix.

With Lopez out of the mix for at least the foreseeable future, it appears the Sox will roll with Lucas Giolito, Dallas Keuchel, Dylan Cease and perhaps Dane Dunning as the top four in their rotation. Carlos Rodon was said over the weekend to be nearing a return, and the Sox also have veteran southpaw Gio Gonzalez on the mend from a groin strain.

Flores, recalled in place of Lopez, could be an option to start a game as well. He made 15 starts for Chicago’s Double-A affiliate last year, totaling 78 1/3 innings with a 3.33 ERA, 7.9 K/9, 1.7 BB/9 and a 53.3 percent ground-ball rate. He’s yet to pitch in the big leagues, so whether his first appearance comes as a starter or out of the ’pen, that’ll mark his MLB debut. Flores isn’t considered one of the system’s elite prospects, but he ranks on the back half of the top 30 at MLB.com (19) and FanGraphs (27).

White Sox Activate Reynaldo Lopez, Option Nicky Delmonico

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The White Sox activated Reynaldo Lopez to start tonight’s game against the rival Cubs, per MLB.com’s Scott Merkin (via Twitter). To make room on the roster, outfielder Nicky Delmonico has been optioned to the team’s alternate training site in Schaumberg, per Mark Gonzales of the Chicago Tribune.

Lopez made one start this season before spending the next 25 days on the injured list with right shoulder soreness. He recorded just two outs while surrendering three hits and a pair of walks. Lopez, 26, has been a steady if unspectacular presence in the Chicago rotation the past two seasons. After a strong 2018, he took a step back last season, totalling a 17-25 record and 4.64 ERA/4.83 FIP over those two seasons.

Lopez throws hard (95.4 mph on his four-seamer last year), and despite a low spit rate, his heater has above-average side-to-side movement. He’s heavily reliant on the heater, throwing it close to 60% of the time, and his secondary pitches (a changeup and slider) haven’t reached the level of consistency the White Sox would probably prefer for a rotation arm. Still, Lopez should be able to reclaim his rotation spot for the foreseeable future if he can return to form.

Delmonico has been a regular roster presence over the past three seasons, but the emergence of Eloy Jimenez and Luis Robert have put a squeeze on outfield innings. The 27-year-old is off to a slow start this year with a triple slash of .150/.227/.150 across 22 plate appearances. Adam Engel and Luis Gonzalez remain on the active roster as spare outfielders.

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