Archive for Transactions
The Yankees have officially signed outfielder Jacoby Ellsbury to a seven-year contract, the team announced. The deal will pay him $148M over the seven years and includes a $21M club option ($5M buyout) for an eighth year, so the total guarantee is $153M. Ellsbury will be introduced during a press conference at Yankee Stadium on Friday.
Carlos Beltran will finally get to wear Yankees pinstripes. The veteran outfielder has agreed to a three-year contract worth $45M with New York, report Mark Feinsand and Tim Brown. The contract is pending a physical. The Yankees will surrender their last remaining supplemental first round pick as compensation for the signing. Their second rounder will be their first selection in next June’s draft unless they sign another qualified free agent.
Over the last decade, the 36-year-old Beltran has made it very clear he wants to be a Yankee. Before joining the Mets in 2005, he approached the the Bombers and offered to sign at a discounted price, much to the dismay of agent Scott Boras. Then, before signing with the Cardinals prior to the 2012 season, Beltran gave the Yankees a chance to match the two-year, $26M pact he was about to take from St. Louis. New York passed both times but the third time is a charm. Hopefully it will be worth the wait. Cliche, cliche.
In 145 games and 600 plate appearances this past season, Beltran hit .296/.339/.491 (132 wRC+) with 30 doubles and 24 homers. That includes a .315/.362/.509 (144 wRC+) line against right-handers and a .252/.281/.448 (102 wRC+) line against left-handers. Everything you need to know about Beltran’s game is in our Scouting The Market post from a few weeks ago, so make sure check that out. He fits the lineup perfectly as a switch-hitter with power and patience, but he is not without his red flags at this point of his career.
The Yankees were reportedly holding the line at two years with Beltran, but they obviously changed their mind after Robinson Cano agreed to a ten-year contract with the Mariners on Friday. Beltran joins a revamped outfield that will also include new center fielder Jacoby Ellsbury. The club could use Alfonso Soriano as the everyday DH with Brett Gardner in left, or they could use Soriano in left and trade Gardner. They could also keep everyone and rotate. Lots of options and lots of time to figure it out. There’s nothing the Yankees can do to replace Cano but Beltran and the rest of the club’s additions will help pick up some of the offensive slack.
The Yankees have officially signed Kelly Johnson to a one-year contract, the team announced. He will reportedly earn $3M. Worse case scenario has Johnson playing second base everyday, but chances are the Yankees will add someone else for the position and Johnson will be more of a super utility player. Nice little pickup, he should be quite useful in 2014.
After landing two big position players in Brian McCann and Jacoby Ellsbury, the Yankees have started to address their pitching staff. Joel Sherman reports the team finalized a one-year contract worth $16M with Hiroki Kuroda on Thursday night. He will earn an extra $250k for both 190 and 210 innings pitched, plus he gets an interpreter. The Yankees won’t receive a supplemental first round pick for re-signing their own player.
For the second time in three years, Kuroda is a complete afterthought on the day he signed with the Yankees because of the Mariners. When the team first brought him on board back before the 2012 season, he signed the same day they acquired Michael Pineda from Seattle. Today, Robinson Cano agreed to a ten-year, $240M contract to leave New York and join the Mariners. Flying under the radar is Kuroda’s thing, apparently. More to come.
In 32 starts this past season, the 38-year-old righty pitched to a 3.31 ERA (3.56 FIP) in 201.1 innings. He was in the Cy Young conversation as late as mid-August before crashing hard late in the season, allowing 38 runs in 46.2 innings in his final eight starts. Fatigue has been an issue for Kuroda in each of the last two years — he stopped throwing his usual between starts bullpen session in September in both 2012 and 2013 — so it’ll be interesting to see if the Yankees do anything to manage his workload early in 2014.
Brian Cashman said the Yankees were seeking two starters this winter and Kuroda is just one. He’ll join CC Sabathia and Ivan Nova in the rotation, plus someone like David Phelps or Adam Warren or Michael Pineda figures to fill the fifth spot. Masahiro Tanaka seems like a perfect fit for the other rotation spot, but he might not even be available this winter given the unfavorable posting system changes. The team has dropped big bucks on Kuroda, McCann, and Ellsbury already this offseason, but they they still have quite a bit work to do.
On the same day they officially announced the Brian McCann signing, the Yankees made their second huge signing of the offseason (and it wasn’t Robinson Cano). New York has agreed to a seven-year contract worth $153M with former Red Sox outfielder Jacoby Ellsbury. That’s a $21.9M luxury tax hit. The deal is pending a physical and includes both a club option for an eighth year that could push the total value to $169M and a full no-trade clause. Jon Heyman and Mark Feinsand originally broke the news.
Ellsbury, who turned 30 in September, is the 18th player to receive a $150M+ deal in baseball history. It’s the third largest contract ever given to an outfielder, behind the identical eight-year, $160M contracts signed by Manny Ramirez and Matt Kemp prior to 2001 and 2012, respectively. The Yankees will forfeit their next highest draft pick to sign Ellsbury — either their second rounder or the compensation pick they receive when Cano, Hiroki Kuroda, or Curtis Granderson signs elsewhere. Their first rounder was already surrendered for McCann.
In 134 games and 636 plate appearances this past season, Ellsbury hit .298/.355/.426 (113 wRC+) with 31 doubles, eight triples, and nine homers. He hit 32 homers in that giant outlier of a season in 2011 but has otherwise never managed double-digit homers in a single season. The short right field porch will help Ellsbury’s power output somewhat but not a ton unless he changes his approach — he’s a classic speedster who hits the ball on the ground (50.8% grounders) and slashes it the other way to left field. After seeing what’s happened with Mark Teixeira, let’s hope those approach changes are not made. Stick what what earned him that huge contract.
Ellsbury is baseball’s premier base-stealer, going 52-for-56 (!) in stolen base attempts in 2013. He provides both bulk steals and tremendous efficiency. I don’t think it’s unreasonable to say he figures to be the team’s best base-stealing threat since Rickey Henderson. Surprisingly, Ellsbury is not all that great at taking the extra-base (first-to-third on a single, etc.), doing so only 42% of the time this past season. That’s roughly league average. I suspect that’s at least somewhat attributable to funky orientation of Fenway Park, especially in left field. Outfielders can play shallower and prevent runners from taking that extra base. Ellsbury has a 70-steal season to his credit (2009) but I’m not sure if that will ever happen again.
In addition to being a great base-stealer, Ellsbury is a high-end defensive center fielder who has graded out exceptionally well in UZR (+29), DRS (+23), FRAA (+18), and Total Zone (+19) over the last three seasons. His arm is awful though, legitimately Johnny Damon-esque. The Yankees will play Ellsbury in center and shift Brett Gardner back into Yankee Stadium’s spacious left field while Alfonso Soriano moves to right, a position he has never played as a professional and doesn’t really have the arm for. Runners are going to be going first-to-third on Soriano like crazy. Outside of Ellsbury in center, the outfield alignment is a bit of question at the moment. The team could always sign another outfielder and make Soriano the full-time DH.
Injuries have been an issue for Ellsbury over the years. He missed 144 games in 2010 with fractured ribs suffered after colliding with a teammate and then missed 88 games in 2012 with a right shoulder injury after a fielder landed on him while sliding into second. Ellsbury played through a foot fracture this past September and some kind of left hand injury in the postseason. He had an MRI after the season but I’m not sure what the tests revealed. Ellsbury has played in only 384 of 648 possible games over the last four seasons so the Yankees will really have to check him out — the ribs, shoulder, foot, hand, everything — during the physical.
Obviously, given his time with the Red Sox and as an important player on two World Series winning teams, there is no concern about how Ellsbury will handle New York. The spotlight won’t be anything new to him. He’s a career .301/.361/.414 (104 wRC+) hitter in 38 postseason games, in case you’re wondering. The Yankees have placed a renewed emphasis on makeup and work ethic in recent years and I’m sure that is an especially serious consideration with a contract of this season. There are no concerns about Ellsbury in that department. He knows the big market/super high expectations routine by now.
The Yankees had their worst offense since 1991 this past season and have made two pretty huge upgrades in McCann and Ellsbury already this winter. McCann replaces one of the game’s least productive catching situations while Ellsbury essentially replaces the mess New York had in right field last year. I have to think the signing moves Ichiro Suzuki and/or Vernon Wells that much closer to the chopping block, so hooray for addition by subtraction. Even though they still need to figure out third base and take care of the Cano situation, the Yankees need to start focusing on their pitching staff. They still need to dig up two starting pitchers and a reliever or three. Ellsbury did not exactly come at a reasonable price, but will he will be an enormous upgrade next season and should give the club another few years of high-end production in center.
The Yankees have officially signed Brian McCann to a five-year contract with a vesting option for a sixth year, the team announced. He has passed his physical and all that. “The singular and unwavering desire of this organization is to construct a team each and every season designed to play meaningful baseball deep into October … Our work this offseason has just begun, but we feel this is an important step towards what will be an exciting and rewarding 2014 season for our fans,” said Hal Steinbrenner in a statement.
McCann will be introduced at a press conference on Thursday, which will be broadcast on YES. I’m pretty sure it will be their first press conference to introduce a new player since
Mark Teixeira Rafael Soriano. Been a while. The 2014 Draft Order page has been updated.
Via Matt Eddy: The Yankees have signed first baseman/left fielder Russ Canzler to a minor league contract. I assume he received an invitation to Spring Training as well. Canzler was with the Yankees briefly last winter — they claimed him off waivers from the Indians on January 4th and lost him on waivers to the Orioles on February 5th.
Canzler, 27, has a 91 wRC+ with 102 big league plate appearances. He has punished Triple-A pitching over the years, putting up a .277/.358/.466 (~128wRC+) line in over 1,600 plate appearances at the level. That includes a .307/.390/.531 line against left-handed pitchers. Canzler is a cheap right-handed bat who offers a tiny bit of verstility, so he’s a nice guy for the Yankees to have in Triple-A as insurance. Heck, there’s a good chance he’ll be a better bench option that Vernon Wells next season.
7:02pm: The Yankees have indeed non-tendered Nix, Adams, and Daley, the team announced. They are now free agents. The Yankees will be left with
two three open 40-man roster spots once the Brian McCann signing is made official later in the week.
6:13pm: Via Anthony McCarron: Brian Cashman confirmed the Yankees are planning to non-tender Jayson Nix, Matt Daley, and David Adams prior to tonight’s deadline. Nix was projected to earn $1.4M through arbitration while Daley and Adams were slated to make only the league minimum (or thereabouts) in 2014. I wouldn’t be surprised if the team tries to re-sign all three to minor league contracts. Chris Stewart, the team’s other non-tender candidate, was traded to the Pirates earlier today.
Dec. 2nd: Joel Sherman reports Ryan will earn $2M in both 2014 and 2015. There is a club option worth $2M for 2016, but if that is declined, Ryan will have a player option worth $1M. His luxury tax hit will be $2M for the next two years. Hopefully this is the last update.
Nov. 27th: Ken Rosenthal says it’s a two-year contract worth $5M plus a mutual option for 2016 that could push the total value to $10M. Options are complicated, but I believe Ryan’s luxury tax hit will be $2.5M since the mutual option does not exceed 50% of the potential total value of the deal. The contract is official according to Rosenthal, so the 40-man roster is now full.
1:00pm ET: The Yankees will have a legitimate shortstop on their roster next season. Jon Heyman reports the team has a deal in place with free agent infielder Brendan Ryan, though terms of the contract are unknown at this point. I can’t imagine it’ll be longer than one year. The two sides were said to have an agreement in place a few weeks ago, but Ryan had an unknown minor surgery after the season and his physical was delayed. The Yankees have not officially announced anything yet.
Ryan, 31, spent the end of 2013 with the Yankees after being acquired from the Mariners on September 10th. He hit .197/.255/.273 (44 wRC+) in 349 plate appearances overall and .220/.258/.305 (51 wRC+) in 62 plate appearances in pinstripes. There is little to like about Ryan’s offensive game. He’s never hit (career 71 wRC+ in over 2,600 plate appearances) and this past season he struck out more than the league average (20.9%), walked less than the league average (6.6%), showed little power (.075 ISO), and didn’t steal bases (4-for-6). With all due respect, he’s a zero at the plate.
Defensively, on the other hand, is where Ryan stands out. He is an elite defensive shortstop regardless of metric — +51 DRS, +26.5 UZR, +19.1 FRAA, and +19 Total Zone since 2011 — with ridiculous range, baby soft hands, and a strong throwing arm. The guy can really go get the ball.
Ryan is one of the best shortstop defenders in baseball and by far the best on the Yankees. Hal Steinbrenner recently told Derek Jeter that despite his new contract, the team intends to pursue a capable everyday shortstop following his injury-plagued season. I’m not a fan of players who can’t hit (like, at all) but Ryan is an asset because of his defense and would contribute much more in a full-time role than Eduardo Nunez, whose only redeeming quality is his speed.
It has been a while since Ryan has played a non-shortstop position — last played second base in 2009, last played third in 2008 — but given his defensive ability, I don’t think moving around the infield would be much of a problem. Jeter figures to play shortstop whenever possible because hey, he’s Derek Jeter, but his time at DH is likely to increase this season. Ryan is an upgrade over Nunez and chances are he will be an oft-used bench player in 2014. The Yankees still have a number of roster questions to answer this winter, but backup middle infielder is no longer one of them.