Archive for Transactions
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.
As expected, the Yankees cut ties with Chris Stewart on Monday. The team announced it has traded the catcher to the Pirates for a player to be named later. Tonight is the non-tender deadline and New York was expected to cut Stewart from the roster in the wake of the Brian McCann signing. We heard he was drawing trade interest over the weekend. Dan Barbarisi says the trade was agreed to on Friday but was contingent on Stewart working out a contract with the Pirates, which he has done.
Stewart, 31, will backup former teammate Russell Martin in Pittsburgh, which is pretty much the perfect role for him. He can frame the hell out of borderline pitches but he can’t hit (career 59 wRC+) and is just okay at the non-pitch-framing part of catcher defense. Matt Swartz projected Stewart to earn a modest $1M in 2014, but the Yankees have a small army of young catchers on the 40-man roster and don’t need to keep him around at that price.
Brian Cashman confirmed the team will tender Frankie Cervelli a contract prior to tonight’s deadline a few weeks ago, making him the easy favorite to backup McCann next year. That leaves Austin Romine and J.R. Murphy to split time behind the plate with Triple-A Scranton while Gary Sanchez catches everyday at Double-A Trenton. A trade to further clear up the logjam is possible. Romine seems most likely to go but Murphy might have the most value as a no doubt catcher who is pretty close to big league ready.
The player to be named later coming from the Pirates is almost certainly a non-40-man minor leaguer. Chances are it is someone who is eligible for next week’s Rule 5 Draft as well, the teams just have to make sure the player goes unclaimed before completing the deal. Pirates Prospects has a list of Pittsburgh’s Rule 5 Draft eligible minor leaguers, if you’re interested. The Yankees were a few hours from non-tendering Stewart and getting nothing in return, so it’s not a surprise they received relatively little in the trade. Relatively little is better than nothing.
Via Joel Sherman: The Yankees have signed infielder Yamaico Navarro to a minor league contract with an invitation to Spring Training. Between Navarro, Brendan Ryan, and Dean Anna, the team has added quite a bit of middle infield depth already this winter.
Navarro, 26, went 8-for-28 (.286) with the Orioles this past season and is a career .206/.258/.267 (39 wRC+) hitter in 199 big league plate appearances with the O’s, Pirates, Red Sox, and Royals. He hit .267/.354/.418 (118 wRC+) in 452 plate for Baltimore’s Triple-A affiliate in 2013 and he has plenty of experience at the three non-first base infield positions. Just another warm body for Triple-A, that’s all.
Do you really need the numbers to grasp how poorly the Yankees performed at catcher in 2013? In case you did: .587 OPS, which ranked 12 out of 14 in the AL, nearly .080 points lower than the next-highest team. They did have a few bright spots, including Francisco Cervelli‘s productive month and Chris Stewart staying hot for a bit, but by the end of the season the Yankees’ catchers were cooked. Stewart, a backup at best, was run down from starting, Austin Romine had gotten hurt (again), and J.R. Murphy was what you’d expect from a late-season call-up.
Tonight, the Yankees addressed their most glaring need, signing Brian McCann to a five-year, $85 million deal that includes a sixth-year vesting option that could make the deal worth $100 million. McCann, 30 in February, will add some much-needed pop at catcher, perhaps recreating the days of Jorge Posada behind the plate.
The upgrade from Stewart, Romine, Cervelli, and Murphy to McCann speaks for itself. Last season, as McCann recovered from shoulder surgery, he produced a .796 OPS, 115 OPS+, in 402 PA. That lines up pretty well with his career numbers (117 OPS+). That OPS alone would have put the Yankees at third in the AL in OPS, behind only Minnesota (Mauer) and Cleveland (Santana). But that doesn’t tell the entire story.
McCann, a lefty, pairs perfectly with Francisco Cervelli, a righty who has excelled against lefties. True, his entire career against lefties amounts to a hair under 200 PA, but he’s more than done his job in those opportunities (.302/.402/.389). If he can squat behind the plate when the Yankees face left-handed pitching, it’s the perfect catching combination. McCann not only saves the wear and tear of catching for a third of the season, but he’ll be available to DH — and he’s produced a .744 career OPS against lefties.
Left-handed power hitters are always welcome at Yankee Stadium, and McCann’s swing appears tailor-made for the short porch. Even in his poor 2012 he produced a .344 wOBA when pulling the ball, and in two of the last three years he has just murdered the ball when pulling. Combine that with a difference in home parks — there’s a huge right-center gap at Turner Field — and it seems like an ideal fit from an offensive standpoint.
The money involved has more than a few fans up in arms. At five years and $85 million, it’s certainly a large outlay by the Yankees. It’s tough to analyze this without knowing their intentions re: Plan 189. If they do plan to come in under the luxury tax threshold in 2014, it’ll be even more interesting to see how they fill the roster. For the time being, let’s just consider this the Yankees getting aggressive in order to nail their No. 1 priority. Who knows what else is at play? All we know now is that the Yankees have more money than any other team, and that they’ve spent it on a player that will make them considerably better.
Much of the outcry regarding McCann involves his age and his position. He turns 30 in February, which is not a good sign for a catcher, at least anecdotally. Again, if the Yankees can continue trotting out a backup who can hit left-handed pitching, they can limit McCann’s exposure behind the plate, making up the PA at DH or even 1B, a position he said he’d be open to learn. He did suffer a shoulder injury in 2012 that sapped his production and kept him out during the first month of 2013, but it does appear he’s recovered from that. Assuming he’s healthy now, proper management could go a long way to keeping him on the field, and behind the plate, for the next five years.
It’s difficult to understate how poorly the Yankees fared at catcher in 2013. Signing McCann provides the greatest upgrade they could have acquired this off-season. There are concerns, as there are with any free agent signing. But given the upside of the deal, and the Yankees’ apparent ability to spend, this deal stands a decent chance of working out for them.
Discussion to be reconvened in January, when we see what else the Yankees have done to augment and upgrade the roster.
The Yankees have announced a series of roster moves. First, they have acquired IF Dean Anna from the Padres for Single-A reliever RHP Ben Paullus. Second, IF Corban Joseph has been outrighted off the 40-man roster. Third, they have added Anna, C Gary Sanchez, OF Slade Heathcott, RHP Jose Campos, RHP Bryan Mitchell, and RHP Shane Greene to the 40-man roster. Midnight tonight was the deadline to set the roster for next month’s Rule 5 Draft and all six players were eligible. There is still one open spot on the 40-man roster.
Anna, 26, hit .331/.410/.482 (140 wRC+) with nine homers and three stolen bases in 582 plate appearances for San Diego’s Triple-A affiliate this past season. He’s a left-handed batter with little power (.138 ISO in 1,339 plate appearances between Double and Triple-A) but a good idea of the strike zone (12.5% walks) and good bat control (11.9% strikeouts). Anna has a ton of experience at the two middle infield positions while also dabbling at third and in the outfield corners. I’m guessing the Padres didn’t have a 40-man roster spot for him and wanted to turn him into something rather than lose him for nothing in the Rule 5 Draft. Nifty little pickup for the Yankees, nice extra guy to have.
We heard Greene and Mitchell would be protected from the 40-man roster a few days ago. Sanchez and Heathcott were no-brainers but Campos was on the bubble as a 21-year-old who has never pitched above Low Class-A. He now has three years before running out of minor league options and having to stick in the big leagues for good. Joseph missed most of this season due to shoulder surgery and is really just a spare part for New York. He can hit a little but he doesn’t really have a position — he doesn’t have the range for second base or the arm for third. Not a surprise he cleared waivers.
The three most notable players the Yankees left exposed to the Rule 5 Draft are RHP Danny Burawa, RHP Tommy Kahnle, RHP Chase Whitley. The first two are hard-throwing relievers with questionable control (especially Kahnle) who spent last season with Double-A Trenton while Whitley is more of a command and control guy who spent the year at Triple-A Scranton. The Bombers tried to trade Kahnle for Michael Young and Alfonso Soriano at the trade deadline a few months ago, but no dice. Both he and Kahnle are very likely to be selected — hard-throwing relievers are the backbone of the Rule 5 Draft — and there’s even a chance both will stick in the big leagues next season. Most Rule 5 picks don’t, however.
Via Chris Cotillo: The Yankees will re-sign right-hander Jim Miller to a minor league contract. I assume he’ll get an invitation to Spring Training. The team brought fellow righty David Herndon back on a minor league deal last month as well.
Miller, 31, appeared in one game for the Yankees in September, allowing three runs in 1.1 innings. He spent the majority of the season with Triple-A Scranton (3.55 ERA and 3.22 FIP in 63.1 innings) after being claimed off waivers from the Athletics last winter. In 64.2 career big league innings with the Yankees, A’s, and Rockies, Miller has a 2.78 ERA and 4.64 FIP. He’ll again head to Triple-A to serve as bullpen depth.
Via Jerry Crasnick: The Yankees have signed outfielder Antoan Richardson to a minor league contract. The Bahamas-born and Florida-raised switch-hitter also received an invitation to Spring Training and will be with the big league squad in camp.
Richardson, 30, hit .285/.402/.371 (126 wRC+) in 523 plate appearances split between Double-A and Triple-A with the Twins this past season. He received a brief cup of coffee with the Braves in September 2011. Richardson is a classic leadoff hitter, drawings lots of walks (15.9%) with not many strikeouts (17.8%) or much power (two homers (!) and .064 ISO) over the last three seasons. He can steal bases (83-for-100 since 2011) and old scouting reports indicate he’s a very good defensive outfielder.
If nothing else, Triple-A Scranton will have one helluva leadoff hitter next season. Richardson could get an opportunity to make the team in a fifth outfielder’s role if the Yankees dump both Ichiro Suzuki and Vernon Wells this winter, but that seems unlikely. If New York manages to sneak back into the postseason in 2014, I suppose Richardson could be considered for the honorary Freddy Guzman role of pinch-running specialist.
As expected, Robinson Cano, Hiroki Kuroda, and Curtis Granderson all declined the $14.1M qualifying offer prior to this afternoon’s deadline. All 13 players who received qualifying offers turned them down. The Yankees will receive a supplemental first round draft pick as compensation if they sign a Major League contract with one of the other 29 clubs. New York will not get a pick for Kuroda if he retires or signs with a team in Japan.
The Yankees have officially extended qualifying offers to Robinson Cano, Hiroki Kuroda, and Curtis Granderson, the team announced. Qualifying offers are worth $14.1M this offseason. Players have until next Monday to either accept or reject the offer. If they reject and sign with another MLB team, the Yankees will receive a supplemental first round pick as compensation regardless of whether their new team has a protected first rounder. All three guys are likely to reject the offer and test the open market.
Saturday: Sherman has the gory math details if you’re interested. I’ve given up caring about whether they saved money against the luxury tax threshold. It is it what it is. Ronald Blum says the contract includes the same bonus package as Jeter’s previous deal, and unlike the player option stuff, the Collective Bargaining Agreement makes it very clear bonuses count towards the luxury tax if triggered. Jeter can earn a maximum of $7M in awards-based bonuses and the Yankees have to be prepared for that. For all intents and purposes, his “tax hit” for next season is $19.81M.
Friday: To no one’s surprise, Derek Jeter will return to the Yankees next season. Just not the way we all expected. Rather than exercise his $9.5M player option, Jeter has signed a new one-year contract worth $12M, the team announced. Both Joel Sherman and Andrew Marchand report the deal was brokered one-on-one with Hal Steinbrenner as a way to avoid a repeat of their contentious negotiations from three years ago.
According to Sherman and Ken Rosenthal, the Yankees will save approximately $1.19M against the luxury tax with the new contract. The player option was treated as a guaranteed year when the original contract was signed, so Jeter’s original deal was a four-year, $56M pact with a $14M average annual value. The new deal is valued at $12.81M for some complicated reason. There has not yet been any confirmation from Brian Cashman or someone else with the team regarding the luxury tax stuff, however.
Jeter, 39, played in only 17 games this past season due to four (!) leg injury related DL trips. He hit a weak .190/.288/.254 (48 wRC+) in those 17 games and was barely mobile at shortstop, which wasn’t terribly surprising given all the leg problems. Obviously the Yankees expect Jeter to rebound both at the plate and in the field next season, otherwise they wouldn’t have guaranteed him the $12M. The Cap’n hit .316/.362/.429 (117 wRC+) with a league-leading 216 hits as recently as 2012.
Even with Jeter re-signed, the Yankees still need to address the left side of their infield because of the uncertainty surrounding Alex Rodriguez. Even if A-Rod is not suspended, the team can’t count on him or Jeter to play the field everyday. They love Eduardo Nunez and Jayson Nix is a fine utility man, but New York should look into acquiring a better infielder to fill in at short and third on a fairly regular basis. Banking on two guys closing in on 40 with a recent history of leg injuries to stay healthy is an unwise move.