Smith, 34, returns to the club with whom he made his big league debut back in 2012. Then a starting pitcher, Smith took the ball for 16 turns through the rotation during his age-22 rookie campaign, struggling to a 5.32 ERA and 4.66 FIP across 89 2/3 innings of work. The Royals converted Smith to relief the following season, and the southpaw hasn’t looked back since. He posted a solid 3.24 ERA, 23% better than league average by ERA+, and a 3.03 FIP from 2013-16 across 202 2/3 innings of work split between the Royals, Brewers, and Giants organizations.

Smith missed the entire 2017 season after undergoing Tommy John surgery, but returned to the mound in 2018 to deliver the finest two seasons of his career. Pitching for San Francisco in 2018-19, Smith posted a 2.66 ERA and 2.71 FIP, striking out a whoping 35.8% of batters faced while racking up 48 saves and earning his lone career All Star appearance during the 2019 season. That dominant performance earned him a three-year, $40MM deal with the Braves in free agency the following winter.

The lefty struggled during the first season of that deal, posting a 4.50 ERA with a whopping 7.38 FIP during the shortened 2020 season, though that amounted to just 16 innings of work. The remainder of the contract saw Smith post decent numbers out of the bullpen as the Braves won the World Series in 2021, though he would ultimately be shipped to Houston the following year in a swap that brought Jake Odorizzi to Atlanta. Overall, Smith posted a 3.69 ERA and 4.21 FIP over 127 innings while striking out 27.9% of batters faced and collecting two World Series rings between the 2021 and 2022 campaigns.

In his return to the open market last winter, Smith lingered on the free agent market until late March before ultimately signing with the Rangers on a one-year, $1.5MM guarantee. Though Smith posted a roughly league average 4.40 ERA in 2023, he managed a more palatable 3.36 FIP and recorded 22 saves in 27 chances for Texas last season as they went on to make the postseason for the first time since 2016 before winning the first World Series championship in franchise history and earning Smith his third consecutive World Series ring.

Back on the free agent market once again, Smith wasted no time in agreeing to a deal this winter, and figures to get the opportunity to close for the Royals entering the 2024 campaign. The contract will give the southpaw the opportunity to bounce back on a team with minimal hopes of making the playoffs next season, a similar situation to the one Kansas City offered Aroldis Chapman in 2023 before he joined Smith in Texas following a midseason trade. Meanwhile the Royals are surely hoping that, if they do find themselves on the outside looking in with regards to the playoff race, Smith will have pitched well enough by the time the trade deadline rolls around next summer to net the club a solid return just as Chapman did when he was swapped for Cole Ragans. Ragans, 26 this week, made 12 starts for the Royals down the stretch after the club acquired him from the Rangers and impressed with a 2.64 ERA and 31.1% strikeout rate in 71 2/3 innings of work.

Jeff Passan of ESPN first reported Smith and the Royals had agreed to a one-year, $5MM guarantee. Ken Rosenthal of the Athletic reported the possibility of $1MM in incentives, which the Associated Press specified.

8:03AM: The Rangers announced that veteran left-hander Will Smith has been signed to a one-year, Major League contract.  Infielder Mark Mathias has been designated for assignment to create space for Smith on the roster.

After spending the latter portion of the 2022 season with the World Series champion Astros, Smith now joins the Lone Star State’s other team.  The Braves traded Smith to Houston at the trade deadline, which seemed to get the veteran on track after a rough start to the season.  Smith posted a 3.27 ERA over 22 innings with the Astros, and cut down drastically on the walks and home runs that plagued him earlier in the year with Atlanta.

Though he didn’t pitch for the Astros in the postseason, Smith still earned his second consecutive championship ring, after also being part of Atlanta’s World Series-winning squad in 2021.  The veteran lefty now joins a Rangers team that hasn’t had a winning season since 2016, but has invested heavily over the last two offseasons to upgrade the roster.  Bruce Bochy was hired as manager this winter to further bolster the club, and Smith is certainly familiar with his new skipper, having played under Bochy with the Giants from 2016-19.

As MLBTR’s Steve Adams noted in January, Smith’s move to Houston saw him make some changes in pitch usage and mechanics.  The southpaw’s success in the wake of those changes might’ve answered any doubts over whether or not Smith had anything left in the tank at age 33, and addressed concerns over his below-average walk and hard-hit ball rates for the season as a whole.  That said, there is probably also a reason why Smith remained unsigned until March 4, and there wasn’t even much public buzz about his market until a few weeks ago, when teams like the Tigers and Cubs reportedly showed interest.

For the Rangers, their need for left-handed bullpen depth increased when Brett Martin underwent shoulder surgery in January, as Martin might end up missing the entirety of the 2023 campaign.  Smith joins Brock Burke as the primary left-handed weapons in the Texas bullpen, with Smith probably likely to take a more traditional relief role while Burke returns as a multi-inning pitcher.  Taylor Hearn and minor league signings Danny Duffy and Joe Palumbo are also in camp, and Smith’s acquisition might squeeze one of the non-roster invitees out of a shot at the Opening Day roster.

Since Smith was a regular closer as recently as the 2021 season, it isn’t out of the question that the Rangers are eyeing him for another late-game role.  Texas is hopeful that Jose Leclerc or Jonathan Hernandez can fill late-game roles now that they’re fully healthy, but adding a veteran arm like Smith is also a shrewd depth move.  Smith pitched as a closer under Bochy in San Francisco in 2018-19, so the manager might opt to lean on a familiar face if the Rangers do choose to go with a set closer rather than a committee.

Texas acquired Mathias as part of the deadline deal that sent Matt Bush to the Brewers last August, and Mathias ended up appearing in 24 games as the Rangers played out the string.  In the small sample size of 74 plate appearances, Mathias hit very well (a .277/.365/.554 slash line), so that hot streak and his multi-positional ability gave the 28-year-old some hope of catching on with Texas in a utility role this season.  That scenario is still a possibility if Mathias can clear waivers, but with Robbie Grossman recently signed to bolster the outfield mix, the Rangers might prefer to see what the likes of Ezequiel Duran or Josh Smith can do as backup infielders.

Mathias has played in parts of two MLB seasons, with Milwaukee and Texas.  Originally a third-round pick for Cleveland in the 2015 draft, Mathis has a strong .286/.377/.466 slash line over 715 career PA at the Triple-A level, so between that production and his spurt of offense with the Rangers last year, a club looking for utility help might be tempted to make a waiver claim.

Interest in Smith, Hand and Britton is fairly straightforward for a club seeking southpaw help in the later innings. They’re arguably the three top unsigned relievers of either handedness. They’re all former All-Stars with strong career track records and more recent question marks.

Smith had a rocky first half of the season in Atlanta but quietly impressed following a deadline trade to the Astros. Hand allowed fewer than three earned runs per nine innings with the Phillies last season, but that came with strikeout and walk marks that were a few percentage points worse than the respective league averages. Britton has barely pitched over the past season and a half after battling elbow issues that culminated in September 2021 Tommy John surgery.

Smith has only previously been linked to the Tigers this offseason. Evan Petzold of the Free-Press reported Detroit’s interest a couple weeks back but noted that Smith was also drawing attention from clearer-cut contenders. The Cubs are coming off a 74-88 season but were well better than Detroit in 2022 and have had a far more active offseason in an effort for immediate improvement. The only other team that has been publicly tied to Hand are the Twins.

Unlike that trio, Minor hasn’t had any recent work out of the bullpen. He pitched exclusively in relief for the 2017 Royals after two seasons lost to shoulder problems. Since then, the veteran left-hander has pitched essentially entirely as a starter. He has started all but one of 119 appearances in the last five years. Minor had quite a bit of success in that capacity with the Rangers between 2018-19. Things have gone downhill in the trio of seasons since then.

Minor has allowed more than five earned runs per nine innings in each of the past three campaigns. Between 2020-21, he at least stayed mostly healthy and served as a source of back-of-the-rotation innings. That wasn’t the case in 2022, however. Minor was limited to 98 frames over 19 starts during his lone season as a member of the Reds. He posted a 6.06 ERA with a career-worst 16.7% strikeout percentage while allowing an untenable 2.2 home runs per nine.

It’s possible Minor’s struggles are attributable, at least in part, to injury. The 35-year-old began the season on the injured list with a shoulder concern and didn’t make his season debut until early June. He finished the year back on the IL thanks to renewed shoulder issues. The former All-Star hinted at potential retirement last fall but has apparently decided to give things another go. He recently held a showcase for interested teams.

Minor could appeal to teams seeking to stockpile their rotation depth, though the Cubs are presumably eyeing him as a potential relief option. Chicago has Marcus Stroman, Jameson Taillon, Justin Steele and Drew Smyly penciled into their top four rotation spots. Hayden Wesneski, Adrian Sampson and Javier Assad headline the group competing for the final rotation job to open the year. Kyle Hendricks, who’d surely get a starting job once healthy, is reportedly looking towards May for a potential rehab stint after his 2022 campaign was cut short by a capsule tear in his shoulder.

The Cubs have been linked to a number of lefty relief options throughout the offseason. Brandon Hughes is the only southpaw assured of a season-opening bullpen job. There’s room for a second pitcher, though the club has slow-played that area despite an otherwise aggressive offseason that has brought in Taillon, Dansby Swanson, Cody Bellinger, Trey Mancini, Tucker Barnhart and a handful of right-handed ’pen arms.

There might not be much room left in the budget. Roster Resource projects the Cubs’ luxury tax number around $225MM, $8MM shy of this year’s base threshold. Mooney writes the organization presently views that tax marker “as a soft salary cap,” limiting the amount of flexibility for Hoyer and his front office. It seems unlikely any of the remaining relievers would secure an $8MM guarantee at this point in the offseason — Minor, in particular, might be limited to non-roster offers — but most teams prefer to leave a bit of payroll space for in-season acquisitions.

Whether ownership would approve a bump above the luxury tax if the team is competing for a playoff spot in-season remains to be seen. Owner Tom Ricketts spoke vaguely about the tax in January, saying there “will be times I’m sure in the near future where we’ll go over. But we’ll always keep in mind that there’s a balance there you have to always look to manage” (link via Meghan Montemurro of the Chicago Tribune). The Cubs last paid the luxury tax in 2020.

At the moment, the only left-handed reliever on the Cubs’ roster is 27-year-old Brandon Hughes — a former 16th-round pick who wound up closing for the Cubs down the stretch on the heels of a strong debut campaign. The southpaw tossed 57 2/3 innings of 3.12 ERA ball, fanning a strong 28.5% of his opponents against an 8.8% walk rate. Hughes logged eight saves and four holds, seeing time in higher-leverage situations as the season wore on. With no set closer in place for the Cubs, he’s one of several arms who could again be in the mix for saves during the upcoming 2023 season.

As we’ve written on multiple occasions, the lone segment of the free-agent market that still has some remaining depth is left-handed relievers. Each of Zack Britton, Will Smith and Brad Hand remain unsigned, as does veteran swingman Ross Detwiler. (Lefty Jose Alvarez is also a free agent, but he’s recovering from Tommy John surgery performed last September and thus won’t pitch in 2023.) Britton recently worked out for six clubs, and the Cubs were among those in attendance.

The field for Britton might be even narrower than that sextet would suggest; since the former Orioles closer held that showcase, the Angels (who were also in attendance) have signed Matt Moore. Meanwhile, the Mets (another attendee) reportedly prefer relievers who can yet be optioned to Triple-A. The Yankees, also in attendance, are loath to add further payroll commitments and step into the fourth tier of luxury penalization. The Dodgers and Rangers were the other two clubs present for Britton’s workout.

It’s been a quiet offseason with regard to Hand, though his hometown Twins have reportedly shown some degree of interest. Hand, 33 in a couple weeks, posted a 2.80 ERA in 45 innings with the Phillies last year, although as MLBTR’s Darragh McDonald recently explored, a lot of the secondary metrics underneath that ERA stand out as red flags. Hand’s velocity, strikeout rate, walk rate, swinging-strike rate and opponents’ chase rate all clocked in at their worst levels since he became a full-time reliever, for instance. The broader track record is plenty appealing, but it’s been a couple seasons since he was a dominant late-inning force.

It’s a similar tale with Smith — another 33-year-old southpaw whose performance has dropped off in recent years. Smith’s three-year deal with the Braves didn’t go as Atlanta hoped — though he was a key figure in their ’21 World Series run — as he posted a solid but unspectacular 3.87 ERA in 121 innings after putting pen to paper on a contract that guaranteed him $40MM. His 2022 season in Atlanta was particularly shaky, as Smith walked 12.3% of his opponents en route to a 4.38 ERA, losing his grip on the closer’s role along the way.

Smith, however, enjoyed a strong rebound effort following a trade to the Astros, who made slight alterations to his release point and pitch selection (as we outlined here a couple months ago). The Detroit Free Press’ Evan Petzold reported last month that the Tigers had some interest in Smith but added that other clubs with greater postseason aspirations had also inquired on the lefty. The Cubs aren’t necessarily a clear-cut contender, though they stand a better chance of reaching the playoffs than a still-rebuilding Tigers club that’s recently undergone a front office overhaul.

At this juncture of the offseason, any of the remaining relievers would fall into what’s become the Cubs’ sweet spot for bullpen acquisitions. Since their ill-fated signing of Craig Kimbrel to a lucrative three-year pact, the Cubs have shied away from multi-year deals and hefty salaries for bullpen arms. Dating back to the 2019-20 offseason, they’ve signed veterans like Mychal Givens, David Robertson, Ryan Tepera, Brad Boxberger, Chris Martin, Daniel Norris, Brandon Workman and Trevor Williams in free agency — but all have been on one-year deals with guarantees randing from $1.75MM to $5MM. With limited demand for free agents on MLB deals, it seems feasible that any of Britton, Smith or Hand could be had for something in that general price range.

The 2022 campaign was a tale of two seasons with Smith, who posted a 4.38 ERA and 12.3% walk rate in 37 innings with the Braves before being traded to the Astros for Jake Odorizzi and immediately turning things around. In 22 frames with Houston, Smith worked to a 3.27 ERA (2.66 FIP, 2.83 SIERA) with a 26.7% strikeout rate — an uptick on his 24% mark in Atlanta — and a 4.4% walk rate that was miles below his bloated rate with the Braves. I noted back in January that the Astros upped Smith’s reliance on his slider and four-seamer at the expense of his curveball and also made some alterations to both his horizontal and vertical release points.

The results were impressive, although the Astros didn’t use him in the postseason. Smith wasn’t on the ALDS or ALCS roster and didn’t pitch in the World Series upon being added. And, as encouraging as his turnaround was, the ’Stros unsurprisingly weren’t heartened enough to exercise a weighty $13MM option (which came with a $1MM buyout).

Smith is now one of the few unsigned, clearly big-league caliber relievers remaining on the free-agent market. He won’t match the three-year, $40MM contract he received from the Braves in the 2019-20 offseason, but it stands to reason that his strong finish in Houston and his track record ought to land him a big league deal somewhere.

Dating back to 2013, the now-33-year-old Smith carries a 3.26 ERA with an excellent 31.5% strikeout rate against a 9% walk rate. He’s tallied 91 saves and 106 holds in that time, frequently operating as a high-leverage reliever with the Brewers, Giants and Braves. His time with Atlanta didn’t go as well as hoped, although it’s worth noting that was dominant during the team’s postseason run in 2021, firing 11 shutout innings as the Braves secured a World Series victory.

With a non-contending club like the Tigers, the opportunity would exist for Smith to even work his way into the closer’s role. There’s no established option in that spot for the time being, and at the very least, Smith would seem likely to find himself in a high-leverage role — be it as a setup man or ninth-inning specialist. Right now, Tyler Alexander looks like the Tigers’ lone lefty in the bullpen, though Chasen Shreve, Jace Fry and Miguel Del Pozo are all in big league camp as non-roster invitees this spring.

There hasn’t been much chatter about Smith’s market — or lack thereof — this offseason. Left-handed bullpen help has remained the one area of free agency with some actual depth for interested clubs, and the fact that so many southpaws lingered so long into the offseason figures to create some potential bargains. The D-backs scooped up Andrew Chafin on a one-year deal with a club option over the weekend, but the likes of Smith, Matt Moore, Zack Britton and Brad Hand all remain available. Britton just worked out for six clubs today, and the Twins have reportedly shown some interest in Hand. There’s likely some degree of overlap in the markets for the remaining lefties, and now that pitchers and catchers are beginning to report, it’s possible there’s an increased sense of urgency among the remaining unsigned free agents to find a job for the upcoming season.

Without further ado…

Angels

• Glenn Albanese Jr.
• Jaime Barria
• Gustavo Campero
• Alan Carter
• Jhonathan Diaz
• Carlos Estevez
• David Fletcher
• Jake Kalish
• D’Shawn Knowles
• Shohei Ohtani
• Jose Quijada
• Luis Rengifo
• Gerardo Reyes
• Patrick Sandoval
• Mike Trout
• Gio Urshela
• Cesar Valdez
• Zack Weiss
• Aaron Whitefield

Astros

• Bryan Abreu
• Jose Altuve
• Ronel Blanco
• Luis Garcia
• Colton Gordon
• Cristian Javier
• Martin Maldonado
• Rafael Montero
• Hector Neris
• Jeremy Pena
• Ryan Pressly
• Andre Scrubb
• Kyle Tucker
• Jose Urquidy
• Derek West

Athletics

• Denzel Clarke
• Jordan Diaz
• Jake Fishman
• Zack Gelof
• James Gonzalez
• Adrian Martinez
• Joshwan Wright

Blue Jays

• Jose Berrios
• Jiorgeny Casimiri
• Yimi Garcia
• Vladimir Guerrero Jr.
• Spencer Horwitz
• Alejandro Kirk
• Otto Lopez
• Damiano Palmegiani

Braves

• Ronald Acuna Jr.
• Luis De Avila
• Roel Ramirez
• Alan Rangel
• Eddie Rosario
• Chadwick Tromp

Brewers

• Willy Adames
• Sal Frelick
• Alex Hall
• Matt Hardy
• Joel Payamps
• Rowdy Tellez
• Abraham Toro
• Luis Urias
• Michele Vassalotti
• Devin Williams

Cardinals

• Nolan Arenado
• Genesis Cabrera
• Tommy Edman
• Giovanny Gallegos
• Paul Goldschmidt
• Ivan Herrera
• Matt Koperniak
• Noah Mendlinger
• Oscar Mercado
• Miles Mikolas
• Lars Nootbaar
• Tyler O’Neill
• JoJo Romero
• Adam Wainwright
• Guillermo Zuniga

Cubs

• Javier Assad
• Owen Caissie
• Danis Correa
• Ben DeLuzio
• Roenis Elias
• Miles Mastrobuoni
• Matt Mervis
• B.J. Murray Jr.
• Vinny Nittoli
• Fabian Pertuz
• Liam Spence
• Seiya Suzuki
• Marcus Stroman
• Pedro Strop
• Nelson Velazquez
• Jared Young

Diamondbacks

• Dominic Fletcher
• Jakob Goldfarb
• Gunnar Groen
• Merrill Kelly
• Ketel Marte
• Eric Mendez
• Dominic Miroglio
• Emmanuel Rivera
• Jacob Steinmetz
• Mitchell Stumpo
• Alek Thomas

Dodgers

• Austin Barnes
• Mookie Betts
• Freddie Freeman
• Clayton Kershaw
• Adam Kolarek
• Miguel Rojas
• Will Smith
• Trayce Thompson
• Julio Urias

Giants

• Jonathan Bermudez
• Camilo Doval
• Joey Marciano
• Joc Pederson

Guardians

• Enyel De Los Santos
• Dayan Frias
• Andres Gimenez
• Bo Naylor
• Richie Palacios
• Cal Quantrill
• Cade Smith
• Meibrys Viloria
• Josh Wolf

Marlins

• Sandy Alcantara
• Luis Arraez
• Johnny Cueto
• Jesus Luzardo
• Anthony Maldonado
• Jean Segura

Mariners

• Matt Brash
• Diego Castillo
• Matt Festa
• Harry Ford
• Teoscar Hernandez
• Milkar Perez
• Julio Rodriguez
• Eugenio Suarez
• Blake Townsend

Mets

• Pete Alonso
• Jonathan Arauz
• Edwin Diaz
• Eduardo Escobar
• Dominic Hamel
• Elieser Hernandez
• Francisco Lindor
• Jeff McNeil
• Omar Narvaez
• Cam Opp
• Adam Ottavino
• Jose Quintana
• Brooks Raley
• Claudio Scotti

Nationals

• Alberto Baldonado
• Paolo Espino
• Lucius Fox
• Alberto Guerrero
• Joey Meneses
• Erasmo Ramirez

Orioles

• Daniel Federman
• Darwinzon Hernandez
• Dean Kremer
• Cedric Mullins
• Anthony Santander
• Rodney Theophile

Padres

• Xander Bogaerts
• Nabil Crismatt
• Nelson Cruz
• Jarryd Dale
• Yu Darvish
• Jose Espada
• Ruben Galindo
• Luis Garcia
• Ha-Seong Kim
• Manny Machado
• Nick Martinez
• Evan Mendoza
• Juan Soto
• Brett Sullivan
• Julio Teheran

Phillies

• Jose Alvarado
• Erubiel Armenta
• Malik Binns
• Jaydenn Estanista
• Vito Friscia
• Brian Marconi
• J.T. Realmuto
• Kyle Schwarber
• Noah Skirrow
• Gregory Soto
• Garrett Stubbs
• Ranger Suarez
• Trea Turner
• Taijuan Walker
• Rixon Wingrove

Pirates

• David Bednar
• Tsung-Che Cheng
• Roansy Contreras
• Alessandro Ercolani
• Santiago Florez
• Jarlin Garcia
• Antwone Kelly
• Josh Palacios
• Jeffrey Passantino
• Tahnaj Thomas
• Duane Underwood Jr.
• Chavez Young
• Rob Zastryzny

Rangers

• Mitch Bratt
• Jose Leclerc
• Martin Perez

Rays

• Jason Adam
• Jonathan Aranda
• Randy Arozarena
• Christian Bethancourt
• Trevor Brigden
• Wander Franco
• Andrew Gross
• Joe LaSorsa
• Francisco Mejia
• Isaac Paredes
• Harold Ramirez
• Graham Spraker

Red Sox

• Jorge Alfaro
• Richard Bleier
• Rafael Devers
• Jarren Duran
• Ian Gibaut
• Rio Gomez
• Norwith Gudino
• Enrique Hernandez
• Nick Pivetta
• Henry Ramos
• Alex Verdugo
• Masataka Yoshida

Reds

• Donovan Benoit
• Silvino Bracho
• Luis Cessa
• Fernando Cruz
• Alexis Diaz
• Arij Fransen
• Kyle Glogoski
• Tayron Guerrero
• Evan Kravetz
• Nicolo Pinazzi
• Reiver Sanmartin
• Vin Timpanelli

Rockies

• Daniel Bard
• Jake Bird
• Yonathan Daza
• Elias Diaz
• Kyle Freeland
• Justin Lawrence
• German Marquez
• Michael Petersen
• Alan Trejo

Royals

• Max Castillo
• Robbie Glendinning
• Carlos Hernandez
• Nicky Lopez
• MJ Melendez
• Vinnie Pasquantino
• Salvador Perez
• Brady Singer
• Bobby Witt Jr.
• Angel Zerpa

Tigers

• Javier Baez
• Miguel Cabrera
• Chavez Fernander
• Andy Ibanez
• Jack O’Loughlin
• Jacob Robson
• Eduardo Rodriguez
• Jonathan Schoop
• John Valente

Twins

• Jose De Leon
• Edouard Julien
• Jorge Lopez
• Pablo Lopez
• Carlos Luna
• Jose Miranda
• Jovani Moran
• Emilio Pagan
• Christian Vazquez

White Sox

• Tim Anderson
• Kendall Graveman
• Eloy Jimenez
• Lance Lynn
• Yoan Moncada
• Nicholas Padilla
• Luis Robert
• Jose Ruiz

Yankees

• Indigo Diaz
• Kyle Higashioka
• Jonathan Loaisiga
• Gleyber Torres

At the time of the trade, Odorizzi had a 3.60 ERA in 60 innings, and while it was accompanied by a lackluster strikeout rate, that was partially offset by a strong walk rate. Odorizzi wasn’t a star by any means but had been a serviceable back-of-the-rotation starter. Houston, however, had six options ahead of him on the depth chart and felt a need for some left-handed help in the ’pen. Some ’Stros fans took issue with the return of Smith, in particular, though — and understandably so. He’d posted a tepid 4.38 ERA to that point in the season, and the under-the-hood numbers were actually worse. Smith’s 24% strikeout rate was his lowest since moving the to the bullpen, and his 12.3% walk rate was a career-worst. He was averaging 1.70 homers per nine innings pitched, and metrics like FIP (5.22) and xFIP (4.76) didn’t view him favorably.

Part of the swap was surely the similarities in their 2022 contracts. Smith was owed the balance of a $13MM salary and had a $1MM buyout on a 2023 option. Odorizzi was earning just $5MM but had another $2.5MM of easily attainable incentives, plus a weighty $3.25MM buyout on a 2023 option. More at the heart of the issue, however, it seems the Astros viewed Smith as someone they could revitalize with some tweaks.

That’s indeed how things played out, though the changes were more subtle than glaring. Smith largely scrapped his curveball in Houston, dropping from an 11.9% usage rate to just 3.6%. He threw slightly fewer fastballs (41.8% in Atlanta, 39.1% with Houston) and upped the usage on his slider, throwing it at a career-high 52.1% of the time. With the ’Stros, Smith also dropped both his vertical and horizontal release points, although not dramatically.

There was no major spike in spin rate — the spin on his four-seamer actually dipped slightly following the trade — and Smith didn’t begin throwing harder or unveil a new pitch that changed his fortunes. Rather, the subtle tweaks to his mechanics and a more acute focus on two pitches seemed to turn his fortunes. He located his slider more effectively (pre-trade, post-trade) and, crucially, avoided the heart of the plate far more often with his four-seamer (pre-trade, post-trade). Smith operated far more regularly and more effectively in the top-third of the strike zone — and just above it.

Unsurprisingly, his swinging-strike rate jumped from an already-sharp 13.6% in Atlanta to a massive 17.3% with Houston. He was able to spot both pitches more effectively both on the fringes of the zone and within the zone; his first-pitch strike rate spiked from 63.2% with the Braves to 72.2% with the Astros. His walk rate plummeted from 12.3% to 4.4%.

Smith’s time with the Astros proved brief, but in two months with Houston he tossed 22 innings of 3.27 ERA ball with a 26.7% strikeout rate and a 4.4% walk rate. After averaging 1.7 homers per nine frames with Atlanta, he allowed just two in 22 innings with Houston (0.82 HR/9). If anything, Smith was bizarrely unlucky on balls in play as an Astro; he yielded a sky-high .350 average on balls in play. Smith wasn’t on the Astros’ ALDS or ALCS roster — perhaps in part due to a heavily right-handed Yankees lineup — but was added to the World Series roster. He did not, however, pitch in a game. Houston declined his option at season’s end, favoring a $1MM buyout over a $13MM salary next season.

That outcome seemed obvious, but it’s hard to ignore the high note on which Smith ended the regular season. The lefty overwhelming improved his command, missed more bats, issued fewer walks and yielded fewer home runs. He still wasn’t used in many high-leverage spots by the Astros, but that’s in part due to their generally strong bullpen. Over his final 17 outings of the season, Smith pitched to a 2.35 ERA with an 18-to-2 K/BB ratio in 15 1/3 innings.

However, because Smith was generally used in lower-leverage spots and because he didn’t pitch in the postseason, his turnaround in Houston flew largely under the radar. On the one hand, it’s arguably a damning reality that he was passed over in leverage situations and omitted from two of the Astros’ three postseason rosters. On the other hand, the results when he did pitch were excellent, and Houston had four other relievers with a sub-3.00 ERA (and five others with a FIP of 3.02 or better). Smith was a luxury but not someone they necessarily needed to acquire to plug into those leverage positions for lack of better options.

As was the case in the Houston bullpen, Smith is again somewhat lost in the shuffle of the offseason’s free-agent class. MLBTR ranked Taylor Rogers as the top lefty in this year’s class, and he indeed secured a three-year deal. Smith was never going to get another contract along those lines, but he’s perhaps closer to the next tier of lefties than one might expect when looking at his season-long numbers. Andrew Chafin and Matt Moore both had better seasons, and Chafin in particular seems like he should command a strong contract after his past couple years of performance. Smith’s end to the season, however, was quite strong, and if his next team gets more of the Houston version than the Atlanta version, he’ll likely be a bargain.

Most of the winter’s top names are off the board, leaving teams to mostly look through lower-cost options as they search for upgrades on the margins of the roster. There are still a number of experienced options available, particularly for teams seeking to round out the bullpen. Using MLBTR’s free agent list, we find 47 pitchers who tossed at least 20 innings out of a team’s bullpen in 2022 and remain unsigned.

We’ll sort the remaining free agent relievers by various metrics of 2022 performance to identify some of the top arms. There are obviously other factors for teams to consider — quality of raw stuff, pre-2022 track record, the player’s injury history, etc. — but a brief snapshot on the top bullpen arms by last year’s performance should provide a decent starting point for players teams might target moving forward. (All figures cited, including league averages, are looking solely at pitchers’ outings as relievers).

ERA (league average — 3.86)

1. Matt Moore (LHP), 1.95
2. Alex Young (LHP), 2.08
3. Matt Wisler (RHP), 2.23
4. Wily Peralta (RHP), 2.72
5. Brad Hand (LHP), 2.80
6. Andrew Chafin (LHP), 2.83
7. David Phelps (RHP), 2.87
8. Ralph Garza Jr. (RHP), 3.34
9. Jackson Stephens (RHP), 3.38
10. Michael Fulmer (RHP), 3.39

Strikeout rate (league average — 23.6%)

1. Daniel Norris (LHP), 30%
2. Darren O’Day (RHP), 27.7%
3. Andrew Chafin, 27.6%
4. Matt Moore, 27.3%
5. Aroldis Chapman (LHP), 26.9%
6. Steve Cishek (RHP), 25.8%
7. Chasen Shreve (LHP), 25.4%
8. Will Smith (LHP), 24.9%
9. David Phelps, 23.9%
10. Noé Ramirez, 23.7%

Strikeout/walk rate differential (league average — 14.5 percentage points)

1. Andrew Chafin, 19.8 points
2. Daniel Norris, 19 points
3. Darren O’Day, 17 points
4. Chasen Shreve, 16.7 points
5. Steve Cishek, 16.4 points
6. Craig Stammen (RHP), 15.7 points
7. Will Smith, 15.3 points
8. Matt Moore, 14.8 points
9. Ross Detwiler (LHP), 14.8 points
10. Luke Weaver (RHP), 13.8 points

Ground-ball rate (league average — 43.5%)

1. Luis Perdomo (RHP), 62.5%
2. Joe Smith (RHP), 57.5%
3. Alex Young, 55.7%
4. Alex Colomé (RHP), 55.6%
5. T.J. McFarland (LHP), 53%
6. Craig Stammen, 52.6%
7. Garrett Richards (RHP), 52.4%
8. Bryan Shaw (RHP), 51.8%
9. Andrew Chafin, 51.3%
10. Jacob Barnes (RHP), 50.7%

FIP (league average — 3.86)

1. Luke Weaver, 2.46
2. Alex Young, 2.65
3. Matt Moore, 2.98
4. Andrew Chafin, 3.06
5. David Phelps, 3.11
6. Garrett Richards, 3.16
7. Jackson Stephens, 3.45
8. Michael Fulmer, 3.57
9. Brad Hand, 3.93
10. Darren O’Day, 4.04

Innings Pitched

1. Matt Moore, 74
2. Caleb Smith (LHP), 69
3. Steve Cishek, 66 1/3
4. Michael Fulmer, 63 2/3
5. David Phelps, 62 2/3
6. Hunter Strickland (RHP), 62 1/3
7. Will Smith, 59
8. Andrew Chafin, 57 1/3
9. Bryan Shaw, 54
10. Jackson Stephens/Hirokazu Sawamura (RHP), 50 2/3 each

The pool would be handed out to the top 100 eligible players, with MLB’s WAR metric determining which players made the list. Beyond that, further bonuses could be earned for qualified players if they ranked in the top two of Rookie of the Year, top five in MVP or Cy Young, as well as being named in the first or second All-MLB team.

According to ESPN’s Jesse Rogers, White Sox pitcher Dylan Cease topped the class in 2022, taking home a bonus of $2,457,426, in addition to his $750K base salary. Cease threw 184 innings of 2.20 ERA ball for Chicago this year, finishing 2nd in AL Cy Young voting. That finish earned him $1.75MM in addition to the $707,425 he earned for his WAR ranking. 2022 was Cease’s last pre-arbitration season, so he won’t be eligible for the bonus pool after the 2023 season.

The Astros’ Yordan Alvarez was the top hitter on the list, as he took home a $2,381,143 bonus. Alvarez torched pitching to the tune of a .306/.406/.613 line with 37 home runs, finishing third in AL MVP voting. He picked up $881,143 as the top ranked player via the WAR metric, and an additional $1.5MM for his MVP finish. He also won’t be eligible for the pool next season.

Here’s the top ten bonus pool earners (all of these figures are in addition to the player’s base salary):

• Dylan Cease: $2,457,426
• Yordan Alvarez: $2,381,143
• Alek Manoah: $2,191,023
• Zac Gallen: $1,670,875
• Julio Rodriguez: $1,550,850
• Michael Harris: $1,361,435
• Emmanuel Clase: $1,354,962
• Andres Gimenez: $1,308,805
• Adley Rutschman: $1,177,555
• Kyle Tucker: $1,146,555

Per MLB.com’s Mark Feinsand, Atlanta’s Spencer Strider was the only other player to earn a bonus greater than $1MM, while four more players (Sean Murphy, Tommy Edman, Will Smith and Ryan Helsley) earned more than $700K, with another eleven players (Steven Kwan, Bo Bichette, Alejandro Kirk, Nestor Cortes, Logan Webb, Shane McClanahan, Cal Raleigh, Daulton Varsho, Nico Hoerner, Triston McKenzie and Tony Gonsolin) earned a bonus greater than $500K.

Each player’s team will pay out the bonuses by December 23, but they will be reimbursed by the Commissioner’s Office.

Over the next two days, we’ll turn our attention to players with less of a say over their contractual status. A host of contracts around the league contain club options for 2023. Some of them will be easy decisions one way or the other, while there are others that’ll be more borderline calls. With teams having to make these calls a little over two months from now, it’s worth taking a look at how these players are performing in 2022.

Today, we’ll start with the American League. We’ll follow up with a look at the Senior Circuit tomorrow.

Orioles

• Jordan Lyles, SP ($11MM option, $1MM buyout)

Baltimore signed Lyles to a $7MM guarantee last winter, taking the form of a $6MM salary for 2022 and at least a $1MM buyout on next year’s option. He’s been a fine back-end starter, working to a 4.35 ERA across 130 1/3 innings. Lyles has below-average strikeout, swinging strike and ground-ball rates, but he leads the club in innings pitched and is throwing plenty of strikes. He’s also drawn strong reviews for his work in the clubhouse with the team’s younger arms. A $10MM call is borderline for a 4th/5th starter type, but the Orioles have almost nothing on the books next season and could keep him around as a veteran stabilizer.

Red Sox

• James Paxton, SP (team must decide on consecutive $13MM options this offseason; Paxton would have $4MM player option for 2023 if club declines)

Paxton signed a convoluted deal last winter that reflected his atypical situation. A mid-rotation caliber starter when healthy, he’s made just six starts over the past three years and hasn’t pitched in an MLB game since undergoing Tommy John surgery last April. He’s making $6MM this season and could be a rotation option for a team that’ll see each of Nathan Eovaldi, Michael Wacha and Rich Hill hit free agency. The club will have to decide whether to trigger consecutive $13MM options (essentially a two-year, $26MM pact) this winter. If they decline, Paxton could opt in to a $4MM salary for 2023 or test free agency. How things play out largely depends on how Paxton looks down the stretch. Manager Alex Cora recently told reporters the southpaw will throw a simulated game on Friday and could soon head out on a minor league rehab appearance (link via Chris Cotillo of MassLive).

• Hirokazu Sawamura, RP (team holds option currently valued at $3.6MM; Sawamura holds player option for 2023 currently valued at $1.8MM if club declines)

Sawamura signed a two-year, $3MM guarantee with the Red Sox over the 2020-21 offseason. The deal also included a club option for 2023 valued anywhere between $3-4MM, depending on whether Sawamura held his roster spot and based on his number of appearances. MLBTR has confirmed that escalators have already pushed the value of the club option to $3.6MM; that price escalates by an additional $100K for reaching each of 45, 50 and 60 appearances this season. (He’s presently at 43 games). If the team declines, Sawamura would have the right to trigger a player option currently valued at $1.8MM. As with the club option, the player option price escalates by $100K for reaching 45, 50 and 60 appearances. If both sides bypass their respective options, Sawamura would receive a $1MM buyout.

It seems likely that Sawamura’s team option price will fall somewhere in the $3.8MM – 3.9MM range, with a $1.8MM gap between the value of the club and player options. That’s an acceptable price to pay for a solid reliever, albeit one who’s been relied upon more in lower-leverage innings. Sawamura has a 3.14 ERA in 97 1/3 innings since coming stateside, striking out a decent 23% of opponents with a strong 51.7% ground-ball rate. He’s had issues throwing strikes consistently, but he’s an affordable power arm for a middle innings group that has been one of the team’s biggest weaknesses. That the Red Sox haven’t given Sawamura much high-leverage work in spite of their bullpen struggles is enough of a red flag to put this one in some doubt, but it seems likelier they’ll keep him around.

Yankees

• Luis Severino, SP ($15MM option, $2.75MM buyout)

Severino barely pitched between 2019-21 because of injuries, including a Tommy John recovery. He returned to the rotation this season and pitched to an impressive 3.45 ERA through 16 starts before suffering a lat injury that’ll cost him at least two months. The injury history is a real concern, but Severino still looks like an above-average starter when healthy. He’s averaged around 96 MPH on his fastball, struck out 27.2% of opposing hitters and has a tiny 7.2% walk rate. The Yankees would have to be very pessimistic about his health outlook to buy out his age-29 season, particularly since it’s only a $12.25MM decision once the buyout price is taken into account.

Rays

• Kevin Kiermaier, CF ($13MM option, $2.5MM buyout)

Kiermaier hit .228/.281/.369 over 221 plate appearances before suffering a season-ending left hip injury. It’s the latest in a long line of major health issues for the 32-year-old, and the Rays are planning to buy out the three-time Gold Glove winner. It’s possible the team tries to circle back at a lower price point, but the career-long Ray is likely to hit the open market for the first time in his career.

Blue Jays

• Anthony Bass, RP ($3MM option, $1MM buyout)

The Jays just acquired Bass from the Marlins at the trade deadline, fortifying their bullpen with a productive middle-innings arm. Bass has an excellent 1.49 ERA through 48 1/3 innings on the year, striking out 26.2% of opponents against just a 5.9% walk rate. It’s a career-best season at age 34, but Bass has a sub-4.00 ERA for five years running. He’s an underrated bullpen piece, and the Jays are sure to bring him back for what amounts to a $2MM decision.

White Sox

• Tim Anderson, SS ($12.5MM option, $1MM buyout)

This is as easy a call as any team will have to make this winter. Anderson has been one of the game’s better players four years running. He’s an elite contact hitter and baserunner, and he’s cemented himself as the Sox’s franchise shortstop. His 2022 season has been dinged by injuries, including a recent hand ligament tear that’ll cost him most of the remaining schedule. Frustrating year aside, Anderson has hit at a quality .301/.339/.395 clip this season and been an All-Star caliber performer in prior years. The White Sox are keeping him around next year, and they can do the same in 2024 via $14MM option.

• Josh Harrison, 2B ($5.5MM option, $1.5MM buyout)

Harrison signed a one-year deal in Spring Training and got off to a dreadful start. The veteran utilityman has turned things on since the calendar flipped to June, though, and he now carries a roughly league average .242/.312/.385 line through 281 plate appearances. The Sox will have to make a $4MM call this offseason on whether to bring him back for 2023. They’ll probably look for an upgrade at second base, but that’s a reasonable enough sum to dedicate to a quality infielder off the bench. Chicago already has Leury García making decent money in that role, and they might prefer to focus their finances on adding to the back of the rotation and bringing back star first baseman José Abreu.

Guardians

• Bryan Shaw, RP ($4MM option, $500K buyout)

Shaw is a longtime member of the Cleveland organization, having spent seven of his 11 MLB seasons there. He’s a durable bullpen workhorse who’s clearly a favorite of the coaching staff and front office, but his 2022 results have not been good. The 34-year-old righty owns a 5.36 ERA across 40 1/3 innings. He’s only striking out 17.7% of opponents, walking batters at an elevated 11.6% clip and has had some home run issues. The Guardians seem likely to go in another direction this offseason.

Twins

• Miguel Sanó, 1B ($14MM option, $3MM buyout)

Sanó is a longtime member of the organization who’s capable of carrying a lineup with his power at his best. His platform season has been a disaster, though, and the Twins are sure to buy out his option. The 29-year-old underwent surgery to repair a meniscus tear in his knee in May. He returned briefly but went back on the 60-day injured list last week with additional knee concerns. It’s not clear whether he’ll make it back this season. Sanó has an .083/.211/.133 line in 20 games this year after slightly above-average offensive performances in 2020-21.

• Sonny Gray, SP ($13.1MM option, no buyout)

Just as Sanó’s option is certain to be bought out, Gray’s is a no-brainer to exercise. Minnesota acquired the right-hander from the Reds in Spring Training, sending last year’s first-round pick Chase Petty to Cincinnati. Gray lost some time on the injured list, but he’s posted an impressive 3.19 ERA with slightly above-average peripherals through his first 16 starts in a Twins uniform. A mid-rotation starter of his caliber is a solid bargain at the cost of his option, which played into the fairly high asking price the Twins had to relinquish in the trade.

• Dylan Bundy, SP ($11MM option, $1MM buyout)

The Twins bought low on Bundy on a one-year free agent deal, hoping he’d rebound from a dismal 2021 and look more like the mid-rotation arm he resembled in 2020. That hasn’t really transpired, as the right-hander has a 5.01 ERA through 93 1/3 innings. He’s averaging a personal-low 89.2 MPH on his fastball, and while he’s throwing plenty of strikes, that lack of velocity has been reflected in both his 18.6% strikeout rate and higher than average home run rate. It seems likely the Twins will decline the option and reallocate that $10MM elsewhere, particularly with the recent acquisition of Tyler Mahle and Kenta Maeda’s expected return reducing the urgency to add to the rotation next season.

Astros

• Will Smith, RP ($13MM option, $1MM buyout)

Acquired in a one-for-one deadline swap that sent Jake Odorizzi to Atlanta, Smith is having a generally disappointing year. He has a 4.17 ERA through 41 innings, striking out a personal-worst 24.1% of batters faced with a career-high 11.2% walk rate. Smith was an effective late-game arm as recently as a season ago and is still generating swinging strikes at a quality 14.2% clip, but the $12MM price tag seems likely to be too hefty given the mediocre strikeout and walk numbers.

Athletics

• Stephen Piscotty, RF ($15MM option, $1MM buyout)

Piscotty has spent five seasons in Oakland after being acquired from the Cardinals heading into the 2018 campaign. He had an excellent first season in green and gold, but he’s been a well below-average hitter fours years running now. Going back to the start of 2019, Piscotty has a .231/.288/.380 line in just under 900 trips to the plate. He’s sure to be bought out and could be looking at minor league offers next winter.

Mariners

• Ken Giles, RP ($9.5MM option, $500K buyout)

Seattle signed Giles to a two-year deal knowing he’d miss all of 2021 recovering from Tommy John surgery. Unfortunately, hopes of a year two payout have been largely derailed by a finger issue that delayed his season debut and some shoulder tightness that has kept him out of action for the past month. Giles has thrown just 4 1/3 innings in a Seattle uniform, surrendering only one hit but four walks with six strikeouts. He’s averaged 94.8 MPH on his fastball, still solid but down from the 96.9 MPH range he showed during his incredible 2019 season with the Blue Jays. There’s a non-zero chance Giles returns — he’s currently on a rehab assignment in Triple-A — and dominates down the stretch to make Seattle think about the option. For the moment, though, it’s trending towards a buyout.

Rangers

• Garrett Richards, RP ($9MM option, $1MM buyout)

Texas signed the 34-year-old Richards to a one-year guarantee over the offseason, hoping he’d build off the promise he showed in a late-season bullpen stint with the Red Sox. That hasn’t panned out, as he has a 5.35 ERA across 38 2/3 innings of relief. Richards has an excellent 52.1% ground-ball rate, but he’s not missing as many bats as one would like and he’s giving up a lot of hard contact. Texas seems likely to buy him out.

• José Leclerc, RP ($6MM option, $750K buyout)

Texas signed Leclerc to an early-career extension in 2019, locking him in after a 1.56 ERA season the year before. He struggled with his control the following season, then missed virtually all of 2020-21 battling elbow issues that eventually culminated in Tommy John surgery. Leclerc returned to the mound in June but has a 4.01 ERA with a personal-low 20.4% strikeout percentage in 24 2/3 innings of generally low-leverage work. He’s still throwing hard and missing plenty of bats with his slider, so there’s a chance Texas takes an optimistic view and keeps him around. His deal also contains a $6.25MM option for 2024, so he’d be under control for multiple seasons if the Rangers are willing to give him a bit of a longer leash. This feels like it could go either way depending on how he performs down the stretch.

• Kole Calhoun, RF ($5.5MM option, no buyout)

The Rangers signing of Calhoun to a one-year deal over the winter hasn’t panned out. He’s hitting .211/.269/.363 through 350 plate appearances and is currently on the injured list with a heel issue. It’s a second straight below-average season for the veteran outfielder, who’ll be 35 in October. The Rangers will almost assuredly decline the option and look elsewhere in right field as they aim for legitimate competitiveness in 2023.

Aug. 1: The Astros are acquiring reliever Will Smith from the Braves for starter Jake Odorizzi, reports Mark Berman of Fox 26 (Twitter link).

Odorizzi has been seen as an expendable piece for the Astros, perhaps at least since he was left off the club’s ALDS roster last October.  He’s worked as part of a six-man rotation this year in Houston, but Lance McCullers Jr. is close to making his season debut as he recovers from a forearm strain.  The 32-year-old Odorizzi has pitched to a solid 3.75 ERA in a dozen starts for the Astros this year, averaging exactly five innings per outing.  He’s a flyball pitcher who has never been particularly adept at missing bats, but he’s been able to avoid hard hits this year to generate good results.

It would appear that Atlanta’s motivation here is to add veteran depth at the back of their rotation, which has consisted almost entirely of Max Fried, Kyle Wright, Charlie Morton, Ian Anderson, and rookie sensation Spencer Strider.  Anderson has struggled to the tune of a 4.99 ERA, while Strider has reached 80 1/3 innings on the season after pitching a career-high 94 last year.  Odorizzi’s last outing served as an excellent trade showcase for Houston – seven scoreless innings against the Mariners.  Odorizzi had injured his leg in May, knocking him out for seven weeks, and dealt with a blister before the start against Seattle.

Odorizzi’s contract is a factor here.  He’s earning $5MM this year (about $1.79MM remains) but would gain $500K upon reaching 100 innings plus $1MM each at 110, 120, 130, 140, and 150 innings.  Odorizzi currently sits at 60 innings, so 120 would seem to be the likely ceiling.  Odorizzi also has a player option worth $6.5MM with a $3.25MM buyout, but as Chandler Rome of the Houston Chronicle explains, “Odorizzi’s player option can max out at a $12.5 million base salary and a $6.25 million buyout — but only if he pitches in 30 games in which he records 12 or more outs in 2021-22.  After Sunday, Odorizzi has 29 such games across 2021-22.”  Given that the pitcher appears to have at least $3MM at stake in making one more four-inning start, it was mutually beneficial for the Astros to find a team that was more comfortable letting him reach that threshold and achieving a few performance bonuses.

Smith, 33, was the top reliever in the 2019-20 free agent class.  The Braves signed him to a hefty three-year, $40MM contract, also surrendering their second-round draft pick and $500K in international bonus pool money.  Smith’s effectiveness waned in Atlanta, as he was often done in by the longball and increasingly worse control.  He served as the Braves’ closer in the 2021 regular season to acceptable results, but then became a major factor in their postseason run with 11 scoreless innings and six saves.  Smith will forever be immortalized as the pitcher on the mound when the Braves won it all last year.

In March, the Braves signed Kenley Jansen, pushing Smith into a setup role.  Smith was at times the Braves’ third-highest leverage reliever this season, but in July he ranked seventh in that regard and was used in more of a mop-up role.  According to MLB.com’s Mark Bowman, Smith would have likely been the odd man out for Atlanta once veteran reliever Kirby Yates is activated.  Smith is earning $13MM this year (about $4.6MM remains), plus he’ll be owed a $1MM buyout for 2023.

Smith joins a Houston bullpen led by Ryan Pressly, Rafael Montero, Hector Neris, Ryne Stanek, and Phil Maton.  None of those pitchers throw left-handed, and southpaw Blake Taylor hit the IL in June with elbow inflammation.  Smith has never been reliant on velocity, so it’s possible a fresh set of eyes on his mechanics and pitch mix, especially given the Astros’ strong reputation in that department, can right the ship.

If Odorizzi winds up with 110-119 innings, the Braves will end up paying him around $3.3MM in total.  In trading Smith, Atlanta shed a financial commitment of about $5.6MM, so they’d “gain” $2.3MM in the swap assuming they’re not including cash in the deal.  It’s possible, too, that Odorizzi falls short of 110 innings.  Money aside, this trade represents each team dealing from a surplus to better fill its needs.

It’s been a busy evening for Braves GM Alex Anthopoulos, who also traded for Tigers outfielder Robbie Grossman.  Similarly, Astros GM James Click has been active today on the eve of the trade deadline, also adding catcher Christian Vazquez from Boston and first baseman Trey Mancini from the Orioles.

Recently acquired outfielder Scott Schebler was designated for assignment to open 40-man and active roster space. The organization also optioned righty Chad Sobotka and catcher Alex Jackson to trim down to 28 men on the active roster.

Smith inked a three-year deal over the winter after serving as the Giants’ closer. He’ll likely function in a setup role in Atlanta, pitching in front of fellow former San Francisco 9th-inning man Mark Melancon.

Schebler, 29, recorded a lone plate appearance with the Braves before being cut loose. He logged a thirty homer campaign with the Reds, so power isn’t in short supply, but he has not been a consistent on-base threat and ran out of chances in Cincinnati.

• In encouraging news for the Braves, left-handed closer Will Smith is no longer dealing with COVID-19 symptoms and hopes to be closing in on a return, Jon Heyman of MLB Network tweets. Smith has been down since July 4 because of the coronavirus; if he is able to pitch this year, the hope is that he’ll be a major part of Atlanta’s late-game setup. That’s what the team was banking on when it signed Smith to a three-year, $40MM contract in free agency last winter. Smith earned that payday on the heels of several strong seasons with the Royals, Brewers and Giants.
• Speaking of Atlanta, one of its former hurlers – Angels righty Julio Teheran – continues to progress toward a 2020 debut, Fabian Ardaya of The Athletic relays. Teheran, who’s recovering from his own coronavirus diagnosis, is slated to throw three innings and 55 pitches in Long Beach, Calif., on Tuesday, per pitching coach Mickey Callaway. If all goes well then, Teheran could join the Angels’ rotation. The team signed Teheran, 29, to a one-year, $9MM guarantee over the winter after a successful run in Atlanta from 2011-19.
• The Tigers plan to use righty Michael Fulmer as an opener all year and are unlikely to let him go five to six innings in any of his appearances, pitching coach Rick Anderson revealed (via Cody Stavenhagen of The Athletic). Fulmer’s a former AL Rookie of the Year winner who topped out at 164 2/3 frames in his second season in 2017, but it’s understandable that the Tigers are taking a cautious approach with him. After all, the 27-year-old is just returning from the Tommy John surgery he underwent in March 2019. He took the mound Monday for the first time since September 2018 and surrendered four earned runs on five hits in 2 2/3 innings during a blowout loss to the Royals.
• The coronavirus has deprived the Marlins of a slew of players, leaving them to scramble for replacements, but righty prospect Edward Cabrera is not a candidate for their roster as of now, Barry Jackson of the Miami Herald reports. Cabrera is not dealing with the virus, fortunately, but “a minor arm issue” that has stopped him from throwing over the past week, Jackson writes. The 22-year-old was tremendous last season between High-A and Double-A, combining for a stingy 2.23 ERA with 10.8 K/9 and 2.9 BB/9 in 96 2/3 innings, and is widely regarded as a top 100 prospect.
  

It’s not known how long it will take for either Freeman or Toussaint to ramp up, though manager Brian Snitker said Thursday that the Braves hadn’t yet ruled out Freeman for the Braves’ season opener on July 24. Whether or not he plays then, it’s clear Freeman’s season debut should come sooner than later, which no doubt comes as an enormous relief for the team. After all, Freeman’s a four-time All-Star who continued his reign as one of the game’s most feared hitters last season.

Toussaint doesn’t carry that type of prestigious track record, having thrown 70 2/3 innings with a 4.97 ERA/4.49 FIP and 9.81 K/9 against 5.99 BB/9 since he first reached the majors in 2018. But the 24-year-old’s a former high-end prospect whose return is a welcome one considering the need for pitching in a pandemic-shortened season. And the Braves could use the depth with Smith’s status up in the air, injured lefty Cole Hamels unlikely to be available for the start of the season, and righty Felix Hernandez having opted out of the campaign.

Smith and Toussaint are asymptomatic at this time. Freeman tested negative upon intake, but started developing symptoms before workouts were to begin, per The Athletic’s David O’Brien. Since it appears Freeman caught the virus while at Braves’ camp, this will be an important situation to track.

Not to mention, it’s possibly a blow to the Braves on-field expectations for 2020. There’s no telling how severe a case Freeman is dealing with, and even after he’s back to full health, he’ll need to pass the new protocols to return to play. Freeman, 30, is the longest-tenured member of the Braves. When he made his debut in 2010, Chipper Jones, David Ross, Derek Lowe, Jason Heyward, Tim Hudson, Craig Kimbrel, and Brian McCann were still a part of the team.

Though it seems like he’s been around forever, Freeman still produces like a superstar. He hit .295/.389/.549 even while dealing with an elbow injury that sapped him of some power.

Smith, meanwhile, could return earlier if he remains asymptomatic, but it’s important to remember that anybody appearing without symptoms who test positive could simply be pre-symptomatic, at which point there’s no telling yet what kind of timetable for a return might be. Smith was to be an important piece of Atlanta’s bullpen after joining the club from San Francisco via free agency. As the Giants’ closer last year, Smith went 6-0 with 34 saves and a 2.76 ERA/3.23 FIP over 60 games.

Toussaint had an outside shot at winning a spot in the Atlanta bullpen, though he figured to join the big league club at some point during the season as he has in each of the past two campaigns. Kozma was to serve as a depth infield option after playing all of 2019 for the Tigers’ Triple-A club.