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Cardinals Notes: Gregerson, Archer, Longoria

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  • The Cardinals’ current plan for their 2018 bullpen includes deploying the newly signed Luke Gregerson as their closer, president John Mozeliak told Derrick Goold of the St. Louis Post-Dispatch and other reporters on Saturday (Twitter link). They also plan to heavily rely on left-hander Tyler Lyons and get contributions from righty prospects Jordan Hicks and Ryan Helsley. Of course, with the season still a couple months away, the Cards could pick up another established reliever(s) to swipe Gregerson’s ninth-inning role in the coming weeks. They’ve been linked to the likes of Alex Colome and Addison Reed this offseason, though the latter came off the board Saturday when he agreed to join the Twins.
  • The Cardinals’ current plan for their 2018 bullpen includes deploying the newly signed Luke Gregerson as their closer, president John Mozeliak told Derrick Goold of the St. Louis Post-Dispatch and other reporters on Saturday (Twitter link). They also plan to heavily rely on left-hander Tyler Lyons and get contributions from righty prospects Jordan Hicks and Ryan Helsley. Of course, with the season still a couple months away, the Cards could pick up another established reliever(s) to swipe Gregerson’s ninth-inning role in the coming weeks. They’ve been linked to the likes of Alex Colome and Addison Reed this offseason, though the latter came off the board Saturday when he agreed to join the Twins.
  • In another tweet, Goold relays that the Cardinals turned their attention to Rays righty Chris Archer and third baseman Evan Longoria after acquiring outfielder Marcell Ozuna from the Marlins last month. The talks between the two sides “weren’t fruitful,” Goold writes. Longoria is now out of play, having gone to the Giants in a late-December deal, though Archer remains one of the Rays’ prime trade candidates.

Players Avoiding Arbitration: National League

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The deadline for MLB teams to exchange salary arbitration figures with their arbitration-eligible players is today at 1pm ET. As such, there will be a veritable flood of arb agreements piling up in the next few hours — especially in light of a more universal approach to the “file and trial” method for teams. (That is to say, those teams will no longer negotiate one-year deals after arb figures are exchanged and will instead head to a hearing with those players, barring an agreemenr on a multi-year deal.)

Note that you can keep an eye on all of today’s deals using MLBTR’s 2018 Arbitration Tracker, which can be filtered to show only the results of the team you follow and is also sortable by service time and dollar value of the agreement. All projections that are referenced come from MLBTR contributor Matt Swartz’s annual compilation of projected arbitration salaries.

Onto today’s landslide of deals…

National League West

  • The Rockies have agreed to a $2MM salary with righty Chad Bettis, MLBTR has learned (Twitter link). That’s a fair sight more than his $1.5MM projection. Bettis surely would have had an opportunity to set a bigger platform for himself, but had to battle through testicular cancer before returning to the hill in 2017. Meanwhile, second baseman DJ LeMahieu has settled for a $8.5MM payday in his final year of arbitration, Jon Heyman of Fan Rag tweets. That’s just a hair short of the $8.8MM he was pegged for in MLBTR’s projections.
  • Giants second baseman Joe Panik is slated to earn $3.45MM in his first season of arb eligibility, Devan Fink of SB Nation was first to tweet. That’s just a hair shy of the $3.5MM that MLBTR projected. Lefty Will Smith has settled at $2.5MM, per Bob Nightengale of USA Today (via Twitter). The club has also announced deals with its remaining arb-eligible players, right-handed relievers Sam Dyson ($4.6MM projection), Hunter Strickland ($1.7MM projection), and Cory Gearrin ($1.6MM projection). (H/t John Shea of the San Francisco Chronicle, on Twitter). Strickland earns $1.55MM, Nightengale tweets.
  • The Padres and Freddy Galvis agreed to a $6.825MM deal for his lone season of team control in San Diego, tweets Robert Murray of FanRag Sports. Galvis, who spent the first several seasons of his career in Philadelphia before being traded this winter, had been projected to make $7.4MM. Infielder Cory Spangenberg settled at $1.7MM, Heyman tweets, falling below a $2.0MM projection. San Diego has also reached agreements with righty Kirby Yates and outfielder Matt Szczur, the team announced. Yates will earn $1,062,500, Heyman tweets, which is just shy of his $1.1MM projection. Szczur, meanwhile, will get $950K, a healthy boost over his $800K projection, per Dennis Lin of the San Diego Union-Tribune (Twitter link).
  • The Diamondbacks agreed to a $7.75MM deal with center fielder A.J. Pollock, Murray tweets. Pollock was projected to earn $8.4MM in his final year of eligibility before free agency. Murray also notes that Brad Boxberger is set to earn $1.85MM next year (Twitter link). Nick Piecoro of the Arizona Republic adds that lefty Andrew Chafin ($1.2MM projection) and the D-backs have a $1.195MM deal in place. Third baseman Jake Lamb, meanwhile, agreed to a $4.275MM deal with the Diamondbacks, according to USA Today’s Bob Nightengale (Twitter link). Lamb, eligible for arbitration for the first time, was projected to earn $4.7MM. He’s controllable through 2020. And ESPN’s Jerry Crasnick tweets that Chris Herrmann ($1.4MM projection) landed a $1.3MM deal. Righty Taijuan Walker has settled for $4.825MM, per Bob Nightengale of USA Today (via Twitter), which is within range but shy of the $5.0MM he projected for. Lefty Robbie Ray has settled at $3.95MM, per Nightengale (Twitter link), which falls short of his $4.2MM projection. Infielder Nick Ahmed will $1.275MM, per Heyman (via Twitter), which tops the projected figure of $1.1MM. Arizona has also announced that Chris Owings and David Peralta have agreed to terms.
  • The Dodgers are in agreement on a $6MM deal with lefty Alex Wood, per Jon Heyman of Fan Rag (via Twitter). He had projected at $6.4MM. Meanwhile, righty Josh Fields agreed to a $2.2MM deal, tweets Murray. Heyman tweets that Enrique Hernandez will earn $1.6MM. Fields’ projection of $2.2MM was on the money, whereas Hernandez topped his mark by $300K. Fields is controlled through 2019, while Hernandez is controllable through 2020. Southpaw Tony Cingrani gets $2.3MM, Murray tweets, which is just a shade over his $2.2MM projection. Outfielder Joc Pederson has also settled, per J.P. Hoornstra of the Southern California News Group (via Twitter), with Beth Harris of the Associated Press reporting a $2.6MM salary that rather handily tops the $2.0MM that MLBTR projected.

National League Central

  • All three remaining Cardinals arb-eligibles have agreed to deals, MLB.com’s Jenifer Langosch tweets. Marcell Ozuna will earn $9MM after drawin a much larger $10.9MM projection, Heyman tweets. MLBTR contributor Matt Swartz had explained that Ozuna likely wouldn’t quite reach the amount the algorithm suggested, though the actual salary still comes in a bit shy of expectations. Lefty Tyler Lyons ($1.3MM projection) receives $1.2MM, per Derrick Goold of the St. Louis Post-Dispatch (via Twitter). The Cards have also reached agreement with Michael Wacha for $5.3MM, per Nightengale (via Twitter); he was projected to earn $5.9MM.
  • The Reds agreed to a $860K salary with Anthony DeSclafani, tweets Murray. DeSclafani missed the 2017 season due to arm troubles and had been projected to earn $1.1MM. He’ll remain under Reds control through 2020. Billy Hamilton and the Reds have settled on a one-year deal worth $4.6MM, tweets Murray. A popular trade candidate this offseason, Hamilton was projected to earn $5MM and comes with another two seasons of team control. Murray also conveys that Michael Lorenzen agreed to a $1.3125MM deal, which lines up fairly well with his $1.4MM projection.
  • The Cubs have struck a deal with lefty Justin Wilson, agreeing to a one-year, $4.25MM pact, according to Gordon Wittenmyer of the Chicago Sun-Times (Twitter link). Wilson, who had been projected at $4.3MM, will be a free agent next winter. The Cubs alsoagreed to a $950K salary with infielder Tommy La Stella, tweets MLB.com’s Carrie Muskat. La Stella was projected to make $1MM in his first offseason of arbitration eligiblity and can be controlled through 2020. Right-hander Kyle Hendricks and the Cubs have agreed to a $4.175MM salary, per Nightengale (on Twitter). That sum comes in a fair bit shy of his projected $4.9MM projection as a first-time eligible player. The Cubs control Hendricks through the 2020 season. Chicago also agreed with Addison Russell, per Wittenmyer (Twitter link). The shortstop will receive $3.2MM for the coming season.
  • Nightengale reports (on Twitter) that the Brewers and breakout closer Corey Knebel settled at $3.65MM. As a Super Two player, Knebel can be controlled through the 2021 season and will be arb-eligible thrice more. He was projected at $4.1MM. MLB.com’s Adam McCalvy tweets that the Brewers and right-hander Jimmy Nelson settled at $3.7MM, which falls $1MM shy of his $4.7MM projection (though some of that discrepancy may be due to Nelson’s shoulder injury). Milwaukee also announced a deal for infielders Jonathan Villar (projected at $3MM) and Hernan Perez (projected at $2.2MM). McCalvy reports that Villar will earn $2.55MM, while terms of Perez’s deal are not yet available.
  • The Pirates have avoided arbitration with shortstop Jordy Mercer by settling on a $6.75MM salary for 2018, tweets Rob Biertempfel of the Pittsburgh Tribune-Review. Mercer, who’d been projected to earn $6.5MM, is entering his final year of team control and will be a free agent next winter. Biertempfel also reports that Gerrit Cole will earn that same $6.75MM salary in 2018 — a $3MM raise over last year (Twitter link). He has two years of control remaining and had been projected to earn $7.4MM. Righty George Kontos has also agreed to terms, per Rob Biertempfel of the Pittsburgh Tribune-Review (via Twitter). He had projected for $2.7MM and will receive a smidge more, at $2,725,000, per Bill Brink of the Pittsburgh Post-Gazette (Twitter link).

National League East

  • The Braves reached a $3.4MM deal with righty Arodys Vizcaino, per Jon Heyman of FanRag (Twitter link). He’d been projected at $3.7MM. The Braves and righty Dan Winkler agreed to a $610K salary for the upcoming season, tweets Mark Bowman of MLB.com. Winkler tossed just 14 1/3 innings in the Majors this year as he made his way back from elbow surgery. He’d projected at $800K.
  • The Marlins and Miguel Rojas agreed to a $1.18MM deal for 2018, Heyman tweets, placing him north of his $1.1MM projection. Rojas should see additional playing time following the Marlins’ wave of trades this offseason. He’s controlled through 2020. Miami also has a deal in place with infielder Derek Dietrich for $2.9MM, Heyman tweets, after projecting at $3.2MM.
  • The Mets were able to settle perhaps their most notable arb case, agreeing to a $7.4MM deal with righty Jacob deGrom, per James Wagner of the New York Times (via Twitter). That’s well shy of his $9.2MM projection, though MLBTR contributor Matt Swartz had explained the formula likely overestimated deGrom’s earning power by quite a wide margin. Fellow top righty Noah Syndergaard gets $2.975MM, per Bob Nightengale of USA Today (via Twitter), which goes a fair sight past the $1.9MM projection for the outstanding young starter, whose 2017 season was limited by injury. And reliever AJ Ramos will take home $9.225MM, according to Wagner (via Twitter). That’s just barely past the $9.2MM projection.  Wilmer Flores has also avoided arbitration with the Mets, according to Bob Nightengale of USA Today Sports (on Twitter). He’ll receive a $3.4MM salary, which falls within $300K of his projected rate. The Mets control Flores through the 2019 campaign. The Mets and right-hander Matt Harvey agreed to a one-year deal worth $5.625MM, tweets Nightengale. Harvey, who is a free agent next winter, had been projected to earn $5.9MM. Meanwhile, Marc Carig of Newsday tweets that Jeurys Familia will earn $7.925MM for the upcoming year, while Sportsnet’s Ben Nicholson-Smith reports that catcher Travis d’Arnaud will earn $3.475MM in 2018 (Twitter link). Familia, a free agent next winter, was projected at $7.4MM. The Mets control d’Arnaud through 2019, and his projection was $3.4MM. Righty Hansel Robles gets $900K, Heyman tweets.
  • Also via Nightengale (Twitter link), the Nationals agreed to a $6.475MM salary for 2018 with right-hander Tanner Roark. That falls about $1MM shy of his $7.5MM projection but still represents a noted raise of $4.315MM for Roark, whom the Nats control through 2019. Jorge Castillo of the Washington Post adds that Michael Taylor will earn $2.525MM next year. Taylor is controlled through 2020 and was projected at $2.3MM.
  • The Phillies and Maikel Franco settled on a $2.95MM salary for the 2018 season, reports Jim Salisbury of CSNPhilly.com (Twitter link). Franco, a Super Two player who’d been projected at $3.6MM, remains under club control with the Phils through the 2021 season. Second bagger Cesar Hernandez will earn at a $5.1MM rate in 2018, per MLB.com’s Todd Zolecki (via Twitter). That beats his $4.7MM projection and wraps up this year’s arb business for the Phillies.

Cardinals Avoid Arbitration With Randal Grichuk

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  • The Cardinals have settled at $2.6MM with outfielder Randal Grichuk, Nightengale tweets. That falls just a bit shy of his $2.8MM projection. It’s not yet clear whether Grichuk will remain with St. Louis through to Opening Day, though at this point he’d be a part of a crowded outfield mix.

Arbitration Breakdown: Marcell Ozuna and Jose Abreu

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Recently, I have been discussing some of the higher-profile upcoming arbitration cases as part of MLBTR’s Arbitration Breakdown series. I rely partly on my arbitration model developed exclusively for MLB Trade Rumors, but will also break out some interesting comparables and determine where the model might be wrong. Full arbitration projections for 2018 are also available, for those interested.

Marcell Ozuna | Isaiah J. Downing-USA TODAY Sports

Before Marcell Ozuna reports for his first Spring Training as a Cardinal, he will have to start the potentially uncomfortable process of salary arbitration with them. Ozuna has quite a resume to boast, which is part of what made him so attractive to the Cardinals in the first place. He hit .312 with 37 home runs and 124 RBIs last year, giving him few comparables among second-time arbitration-eligible players.

My model projects a substantial raise for him of $7.4MM — all the way to a $10.9MM salary. This may be high, given the lack of exact historical comparables and the potential for an arbitration process to discount some of the home runs hit in a very high league home run environment (2017 set a record). That said, it still suggests that Ozuna is going to get a large raise anyway.

Jose Abreu | Matt Marton-USA TODAY Sports

Jose Abreu had a comparable season, and his projection is accordingly similar. He hit .304 with 33 homers and 102 RBIs, making the primary difference in their cases the lower RBI total for Abreu. The White Sox slugger is projected for a $7.1MM raise instead of Ozuna’s $7.4MM, but he starts from a higher base salary and is therefore projected to land at $17.9MM.

No other players in the past five years have entered arbitration with the elusive .300/30/100 slash line. However, several players did so in the prior five years, including Jacoby Ellsbury in 2012 (.321/32/105), Josh Hamilton in 2011 (.359/32/100), Matt Holliday in 2008 (.340/36/137) and Miguel Cabrera in 2008 (.320/34/119). Those players got raises between $5.65MM (Ellsbury) and $3.9MM (Cabrera), although both Hamilton and Holliday got raises above $5MM, thus making Cabrera the exception.

It seems quite likely that Ellsbury, with 39 stolen bases to Ozuna’s one stolen base, would have a better case. However, the fact that Ellsbury’s case is six years old could put them closer together and could even put Ozuna and Abreu ahead. One thing that is important to note is that only Ellsbury got a one-year deal. The other raises mentioned above are part of multi-year deals, which are usually not very applicable in arbitration cases (although they could be in this scenario with few comparables).

If we look for a player more recent, we might consider Manny Machado last year at .294/37/96. He got a $6.5MM raise and clearly looks like a relevant player. The home run environment difference in just one year is pretty limited as well.

The record raise for a second-time eligible hitter belongs to Chris Davis, who got a $7.05MM raise after his .286/53/138 campaign in 2014. That would probably compare favorably to Ozuna’s numbers because of the home run difference, but the four years’ lag could render that number stale and push Ozuna and Abreu above him after all, as the model predicts. However, I think it may serve as a ceiling, leaving Ozuna and Abreu south of theor projections and slightly south of Davis.

Charlie Blackmon hit .324/29/104 last season, but did so in Coors Field, so he might be seen as less impressive than Ozuna and Abreu. His $3.8MM raise is probably a floor, and perhaps not that close of one.

I think it may be more likely that Ozuna and Abreu both get raises somewhere around $6MM. The triad of players with .300/30/100 slash lines and raises over $5MM back in 2008-12 are probably floors, whereas Davis’ raise seems like a ceiling. If that proves true, Ozuna might end up around $10MM instead of closer to $11MM, and Abreu might end up closer to $17MM than $18MM.

Photos courtesy of USA Today Sports Images.

Edwards On Pham's Late Breakout

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  • There’s little precedent for Tommy Pham’s enormous breakout season at the age of 29, writes SB Nation’s Craig Edwards. Pham posted a roughly six-win season for the Cardinals (5.9 fWAR, 6.4 rWAR) last year on the strength of a .306/.411/.520 batting line through 530 plate appearances. However, he’d provided minimal value to the Cards over his first 136 games in the bigs after progressing slowly through the minor leagues. Edwards looks for historical context for Pham’s breakout, noting that there’ve been 48 outfielders with a WAR between five and seven in their age-29 season over the past 70 years. Of that group, only three — Jose Bautista, Ryan Ludwick and former Tigers outfielder Charlie Maxwell — broke out with as limited a track record as Pham. It’s an interesting look at a unique breakout season that also attempts to gauge how Pham will perform in 2018 and beyond.

Minor MLB Transactions: 1/5/18

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Here are Friday’s minor moves from around the game…

  • The Rangers have inked a minor-league pact with right-hander Brandon Cumpton, per Evan Grant of the Dallas Morning news (Twitter link). Arm troubles have limited the 29-year-old of late, but he did return to professional action in 2017 after a two-year hiatus. Over 37 1/3 innings, Cumpton pitched to a 3.86 ERA with 8.0 K/9 and 4.1 BB/9.
  • As Cumpton leaves the Pirates organization, two other right-handers are on their way in, according to John Dreker of Pirates Prospects. Tyler Jones and Bo Schultz have each joined the Bucs on minor-league arrangements, per the report. The former will be looking to crack the majors for the first time. He has often produced quality strikeout rates in the upper minors but only managed a 4.38 ERA in 63 2/3 innings at Triple-A last year with the Yankees organization. As for Schultz, the former Blue Jays reliever will be looking to return from Tommy John surgery. Schultz turned in a useful 2015 season but faltered in the ensuing season — he worked to a 5.51 ERA in his 16 1/3 MLB innings — before going under the knife.
  • Righty William Cuevas will join the Red Sox organization on a minor-league pact, Chris Cotillo of SB Nation tweets. The 27-year-old has spent the bulk of his career in the Boston organization but played elsewhere in 2017. He worked to a 4.85 ERA in 104 Triple-A frames in 2017, with 7.0 K/9 against 3.7 BB/9. Cuevas has twice cracked the majors, but only briefly.
  • Yet another right-handed hurler, Preston Guilmet, is heading to the Cardinals on a minors deal, Jon Heyman of Fan Rag tweets. He’ll get a spring invite and can earn at a $600K rate in the majors. The 30-year-old Guilmet has seen parts of three seasons in the majors but only has 23 career innings at the game’s highest level. He has put up some interesting results of late, though, posting a 2.77 ERA with 10.8 K/9 against 1.6 BB/9 in 68 1/3 Triple-A frames in 2016 before heading to Japan and running a 3.62 ERA with 9.4 K/9 and 2.5 BB/9 in his 54 2/3 innings for the Yakult Swallows (over four starts and 28 relief appearances).

Earlier Updates

  • The Tigers have agreed to a minor league deal with former Cardinals shortstop Pete Kozma, reports SB Nation’s Chris Cotillo (on Twitter). Kozma, 30 in April, split the 2017 season between the Rangers and Yankees organizations and logged 51 plate appearances in the Majors, though he batted just .111/.200/.178 in that small sample. Long considered an excellent defender with a light bat, Kozma is a career .215/.282/.285 hitter in parts of six MLB seasons but also comes with a career +11 Defensive Runs Saved mark and +9 Ultimate Zone Rating in 1450 innings at shortstop.
  • The Braves announced yesterday that right-handed reliever Luke Jackson cleared waivers and was sent outright to Triple-A Gwinnett. Once a well-regarded prospect in the Rangers system, the now-26-year-old Jackson posted an ERA north of 6.00 and walked 16 batters in 24 1/3 innings with Gwinnett last season. He actually performed better in the Majors, logging a 4.62 ERA in 50 1/3 frames, albeit with pedestrian averages of 5.9 K/9 and 3.4 BB/9 with a 45.2 percent grounder rate. Jackson does have a history of missing bats in the upper minors and did average 94.7 mph on his heater last year while running up a 10.2 percent swinging-strike rate, so there’s some hope that he could yet figure things out.

Cardinals Sign Steven Baron To Minors Pact

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  • The Cardinals have added backstop Steven Baron on a minors pact, according to MLB.com’s Jenifer Langosch (via Twitter). (As she also notes, and we covered previously, the club also added catcher Francisco Pena.) Baron, 27, was the 33rd overall pick in the 2009 draft, but he has never hit much at all in the minors and has only minimal MLB experience. Still, he’ll represent another upper-level depth option for the Cards, who’ll become his first organization other than the Mariners. Baron spent most of 2017 at Triple-A, where he slashed .256/.339/.329 in 187 plate appearances.

Cubs Rumblings: Arrieta, Darvish, Cobb, Cole, Yelich

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The latest on the North Siders comes from Bruce Levine of CBS Chicago…

  • To this point, the Cubs and Cardinals have shown the most interest in free agent right-hander Jake Arrieta, according to Levine. The Cubs reportedly may be willing to offer a four-year, $110MM contract to the soon-to-be 32-year-old Arrieta, who mostly thrived with the team from 2013-17.
  • Elsewhere on the pitching market, the Cubs remain in contact with Yu Darvish and Alex Cobb, per Levine, though he casts doubt on them being the favorites to sign the latter. They’re wary of Cobb’s asking price, which appears to be in the $17MM to $19MM range per annum, Levine relays.
  • Along with the previously reported Chris Archer, the Cubs are interested in swinging a trade for Pirates righty Gerrit Cole, Levine writes. This is the first reported connection of the offseason between the Cubs and Cole, who has mostly been linked to the Yankees. Talks between the Yankees and Pirates simmered last month, though, which could pave the way for another team to swoop in and land the 27-year-old. Given that Chicago and Pittsburgh are in the same division, the Cubs are obviously quite familiar with Cole. The Scott Boras client is under control for the next two seasons, and he’ll earn a projected $7.5MM in 2018.
  • Looking beyond starting pitching possibilities, Levine doesn’t rule out more additions to the Cubs’ bullpen or position player group. With Wade Davis having signed with the Rockies, the Cubs could be in the market for a closer if they don’t want to turn the ninth-inning reins to either of the just-signed Brandon Morrow–Steve Cishek tandem or another in-house option. But whether the team bids on a top free agent like Greg Holland or Addison Reed could depend on how much spending room it has left after it picks up another starter, per Levine. Further, it’s possible the Cubs could try to trade for Marlins outfielder Christian Yelich, who would likely cost them fellow center fielder Albert Almora Jr. in a deal, Levine contends. He also lists free agent center fielder Lorenzo Cain as a name to watch for the Cubs.

Cardinals "Still Involved" On Eric Hosmer

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  • The Cardinals still seemingly have a wide array of potential targets as they aim to continue adding bats to their lineup (among other possibilities for improvement). Per Jon Morosi of MLB.com, via Twitter, the Cards shouldn’t be counted out on Hosmer. According to the report, St. Louis “remain[s] involved” on the first bagger, with Morosi noting the club could conceivably then bump Matt Carpenter to third base. From an outside perspective, that still seems like a hefty investment for the potential reward, particularly since the organization decided just last year to shift Carpenter across the diamond — in part, at least, to improve the defensive situation at third. With Jedd Gyorko coming off of a strong two-way campaign at the hot corner, Kolten Wong still occupying second, and a pair of young options on hand at first (Jose Martinez and Luke Voit), there are some other components at play here for the Cards. Presumably, the addition of Hosmer would mean a trade involving one or more of those existing players.

Cardinals Added Much-Needed Middle-Infield Depth In Piscotty Swap

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  • The Cardinals’ recent trade of outfielder Stephen Piscotty was designed, in part, to make way for the team’s addition of Marcell Ozuna. At the same time, as Derrick Goold writes for Baseball America, the deal brought in some much-needed middle-infield depth. Youngsters Yairo Munoz and Max Schrock now sit atop the org’s prospect chart at shortstop and second base, respectively. The complexities involved in these two deals (and a few other related negotiations that did and did not come to fruition) serve to illustrate how many moving pieces can be involved in trade talks.
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