The remaining pitching market

If the Yankees don’t make a move for a pitcher this off-season, it won’t be for lack of options. To this point we’ve seen two free agent signings, an NPB posting, and two trades involving pitchers who would represent an upgrade to the Yankees. Perhaps they think that the prices to acquire these pitchers does not match the upgrade they’d receive, but the opportunities are there nonetheless. Brian Cashman figures to have a few more chances to upgrade later this winter, as there are a number of actually or reportedly available pitchers.

Hiroki Kuroda

In terms of pure results, he’s the best available arm. His 3.31 ERA since 2009 ranks 23rd among all qualified starters. Even better, he’s reportedly seeking a one-year contract at a reasonable $12 or $13 million. The Yankees have been frequently connected to Kuroda, and it stands to reason that they’ll remain involved until he does sign somewhere.

While he does have the top results, there are some downsides to Kuroda. For instance, the hitters on the Rays, Orioles, Red Sox, and Blue Jays are better than those on the Padres, Rockies, Giants, and Diamondbacks. The AL East also features more hitter-friendly parks than the NL West. Then there’s Kuroda’s age, 37. A one-year deal helps limit some of that risk, but if he shows decline in 2012 he might not present much of an upgrade.

Wandy Rodriguez

Not far behind Kuroda in terms of results is Wandy Rodriguez. The Astros shopped him at last year’s trade deadline, but the Yankees weren’t interested unless Houston paid a significant portion of his remaining salary. He’s owed $36 million for the next three years, because his 2014 option becomes a player option if traded. That makes him much less attractive, meaning Houston will have to kick in some cash if they want to trade him. While they showed reluctance earlier in the off-season, they now appear willing to make that trade-off.

Not only does the NL Central have a number of top-flight hitters, but none of them actually play for the Astros. That is, Rodriguez has the burden of facing all of these elite hitters. The closest they ever had was Hunter Pence, but he wasn’t even a top-five hitter in the division. That does make him look a bit more attractive. He also has fewer pitchers’ parks in the division. Yet the Yankees appear not at all interested. That’s probably because of the commitment length. Were Rodriguez signed only through 2013 they might be more on board. But three years to a pitcher you’re not totally sold on? While Rodriguez might help, it’s understandable why the Yankees are shying away.

Roy Oswalt

In the last three years, despite multiple bouts with lower back injuries, Oswalt has accumulated a 3.46 ERA in 531 innings. All told that’s a pretty solid accomplishment. Since we just discussed Oswalt yesterday there’s no need to elaborate further. He remains a tantalizing yet risky option.

Gio Gonzalez

There has been no shortage of Gio Gonzalez news this winter. The A’s seem pretty intent on trading him, and judging by how slowly they’re moving they’re also trying to extract every last drop of value from another team. This makes complete sense. Gonzalez ranks 39th in ERA among all starters from 2009-2011, despite his horrible 2009 showing. He’s been among the best in terms of results the last two seasons. Even when you look at only his away stats, he still fares pretty well: 3.96 ERA in 238.2 innings since 2009. That takes away some of the concern that he’s the product of a large ballpark.

The Nationals were rumored to be pushing hard for Gonzalez, offering up a four-for-one trade that will involve prospects Brad Peacock and Derek Norris, among others. Still, four-for-one deals can get complicated, since they typically lack top-end quality. Today on ESPN.com, Jim Bowden suggested a few trades for Gonzalez (subscription required). For the Yankees he suggests Dellin Betances, David Phelps, and Austin Romine. Since Gonzalez has four years remaining of team control, this could work out for the Yankees. The only catch: Oakland might find a better package, and one that fits their needs better, elsewhere.

Matt Garza

Garza represents an interesting option, if only because he’s experienced success in the AL East. But the Cubs are apparently asking for a lot. Would the Yankees be willing to trade Banuelos and at least one other top-five prospect (Gary Sanchez or Mason Williams), plus other pieces, to get the last two years of Garza’s pre-free agency years? It seems unlikely. While he’s been good, he might be a bit more expensive than other pitchers. If he costs more than Gonzalez, he certainly isn’t worth it.

John Danks

You can check out our large and growing John Danks archive for various takes on the 27-year-old left-hander. He’s an enticing option for a few reasons. He’s been solid for the last four years, he has AL experience and in a hitters’ park no less, and he is conceivably someone the Yanks could sign long-term after the 2012 season. The issue, as with Garza, is that the White Sox are asking the moon for him. It’s simply not worth a top-five prospect for a player who will reach free agency after this season. At a price more commensurate with his overall value, Danks could be the best target on the board.

Edwin Jackson

A free agent, Jackson requires just one resource to acquire: money. The Yankees have that in abundance, though they’re seemingly not throwing it around this off-season. They might also be reluctant to sign Jackson for four years. As with Oswalt, we covered Edwin Jackson recently, so there’s no need to dive any deeper into his case. He’s there for the taking and could represent an upgrade in the Yanks rotation.

That brings us to a dozen candidates who could have upgraded, or still might upgrade, the Yanks rotation in 2012. All of the candidates, save for Darvish, have sported ERAs under 4.00 since 2009. They’ve all thrown a good number of innings, and everyone on the list, save for Oswalt and maybe Latos, has been relatively healthy. If the Yankees are serious about upgrading their rotation, they’ll connect on one of these 12 options, even though there are just seven remaining.