The Reds have acquired left-hander Taylor Rogers and cash considerations from the Giants, per announcements from both clubs. Minor league right-hander Braxton Roxby heads the other way. The cash going to Cincinnati is reportedly $6MM, half of Rogers’ salary this year. The Reds designated right-hander Owen White for assignment to open a 40-man spot.
Rogers, 34, has been one of the better lefty relievers in the league for quite a while now. Dating back to 2016, he has thrown 490 2/3 innings, allowing 3.34 earned runs per nine. He has struck out 28.2% of batters faced, limited walks to a 7% clip and also kept balls in play on the ground at a 46.3% rate.
He has occasionally been deployed as a closer, with a couple of seasons with 30-plus saves, but has mostly been a really good setup guy. He has 98 holds in his career. From 2016 through 2024, only ten pitchers racked up more holds. Héctor Neris is the only guy with both more saves and more holds than Rogers in that span.
The southpaw has spent the past two years with the Giants. He signed a three-year, $33MM deal with that club going into 2023. That was broken up into a $9MM salary in 2023, followed by $12MM in the final two seasons. That signing allowed him to play on the same team as his brother, righty Tyler Rogers.
As a Giant, the left-handed Rogers continued to post good numbers overall. He had a 3.83 ERA in 2023 and dropped that to 2.40 last year. It’s possible that the club saw some yellow flags under the hood last year, however. He averaged 93 miles per hour on his sinker, a career low and the third straight season in which that number dropped. He was at 95.7 mph in 2021 but then went to 94.3 and 93.6 in the next two years. His strikeout rate has also been falling in step, going from 35.7% to 30.7, 29.6 and 25.7% over the past four seasons.
He did still manage a shiny ERA in 2024 but there may have been some luck there. His 81.8% strand rate was well above the 72.1% league average, perhaps why his 3.75 FIP and 3.47 SIERA were both more than a run higher than his ERA. The Giants placed him on waivers in August last year, meaning any club could have just grabbed him if they were willing to take on the remainder of his contract, but no club did.
Those adjusted numbers are still decent, so it’s a sensible pickup for the Reds. Their relievers had a collective 4.09 ERA last year, placing them 18th out of the 30 clubs in the majors. They lost Buck Farmer and Justin Wilson to free agency. They traded Fernando Cruz to the Yankees for catcher Jose Trevino.
Adding to that bullpen has clearly been part of their plans. They have been connected to reliever Carlos Estévez multiple times this offseason but it’s been unclear how much spending capacity they have.
A couple of weeks ago, they signed a new TV deal with Main Street Sports, which prompted president of baseball operations Nick Krall to say that the club could perhaps direct some extra funding into building the roster. In recent days, they have agreed to sign Austin Hays to a $5MM deal and acquire Rogers as well as $6MM of his $12MM salary. They also agreed to a minor league deal with Wade Miley, who is recovering from Tommy John surgery but would make a $2.5MM base salary if he eventually makes the club.
Bringing in Rogers will hopefully upgrade the bullpen and give them a third lefty alongside Brent Suter and Sam Moll. Whether they still have funds available to go after Estévez or any other free agent remains to be seen. RosterResource estimates the club’s payroll at $110MM, about $10MM above last year. As of this writing, that doesn’t include Rogers, so adding in $6MM for him should push them up to a $16MM difference.
For the Giants, they have essentially cut the left-handed portion of their bullpen in half. Rogers and Erik Miller were the only southpaw relievers to toss more than an inning for the club last year, so they are now down to just Miller.
As mentioned, Rogers has been declining in terms of velocity and strikeouts, so perhaps the Giants expected those trends to continue and just wanted to get out now. In the process, they have saved $6MM, which could be redirected towards another part of the roster. RosterResource calculates their competitive balance tax number at $211MM, $30MM below the base threshold of $241MM. They paid the tax last year but it’s unclear if they plan to do so again in 2025. They have been connected to notable free agents such as Pete Alonso and Jack Flaherty this winter, so perhaps the savings could help them land one of those guys or some other free agent of note.
Of course, they are also adding some young talent in the form of Roxby. 26 in March, Roxby was signed by the Reds as an undrafted free agent in 2020. Due to the pandemic, that year featured a truncated draft of just five rounds.
Exclusively a reliever in his career thus far, Roxby has thrown 169 2/3 innings across multiple levels over the past four years with a 4.30 ERA. His 10.4% walk rate is a bit high but his 30.6% strikeout rate quite strong. Back in April, Eric Longenhagen of FanGraphs ranked him as the #38 prospect in the Cincinnati system, noting that he’s a sidearming righty with two breaking balls. Geoff Pontes and J.J. Cooper of Baseball America highlighted Roxby ahead of the 2023 Rule 5 draft but he didn’t get selected that year nor in 2024.
Robert Murray of FanSided first reported the Rogers-Roxby swap. Mark Sheldon of MLB.com first reported the $6MM heading to the Reds.
However, it wasn’t quite as bad as that ERA might seem. His 30.7% strikeout rate and 6.9% walk rate were both much better than average and roughly in line with his career marks. His 42.4% ground ball rate was below league average but only by half a percentage point. A 63.5% strand rate may have been a culprit, as that’s roughly 10% below his 74.1% career norm and the 72.6% league average in 2022.
